Financial Data and Key Metrics Changes - The company experienced a 42% decline in third quarter sales, with grill sales down 64% compared to the previous year [6][31] - Gross profit decreased to $26 million from $54 million last year, with a gross profit margin of 27.7%, down 580 basis points year-over-year [34] - Net loss for the third quarter was $210 million, compared to a net loss of $89 million in the same period last year, resulting in a net loss per diluted share of $1.75 [38] Business Line Data and Key Metrics Changes - Consumables revenue decreased 10% to $25 million, while accessories revenue increased 18% to $30 million, driven by strong growth at MEATER [32][33] - Grill revenue decline was attributed to lower unit volumes as retailers reduced replenishment orders, partially offset by higher average selling prices [31] Market Data and Key Metrics Changes - North American revenue faced challenges due to a decline in the U.S. business and negative growth in Canada, while the rest of the world business grew 10% [33] - The company noted that more than two-thirds of the anticipated decline in grill sales in the second half of the year was due to retailer destocking rather than lower consumer demand [11] Company Strategy and Development Direction - The company is focused on reducing costs, rightsizing inventories, and driving improvements in gross margin as part of its near-term strategic priorities [14][18] - The company aims to enhance brand awareness, with unaided brand awareness hitting an all-time high, improving by 15% year-to-date [20] - Product innovation remains a key growth pillar, with plans to launch two new grills in 2023 and a collaboration with WhistlePig for new consumables [23][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging operating environment due to high inflation and geopolitical uncertainty, impacting consumer sentiment and retailer ordering behavior [6][10] - The company expects full-year sales to be at or slightly below the low end of prior guidance, anticipating continued pressure from retailer destocking into the first half of 2023 [10][44] - Management remains optimistic about long-term growth, emphasizing the resilience of the outdoor cooking category and the commitment of retail partners to the Traeger brand [12][29] Other Important Information - The company recorded a $110 million noncash impairment charge to goodwill due to adverse macroeconomic conditions [38] - Cash and cash equivalents totaled $8 million at the end of the third quarter, with total net debt of $444 million and a net leverage ratio of 8.9% [39] Q&A Session Summary Question: How does the company assess supply versus demand dynamics? - Management indicated that while there is softness in demand, sell-through trends have shown stability, and promotional activities have helped improve sell-through [51][52] Question: What is the current state of channel inventory? - Management confirmed good visibility into channel inventory levels, noting sequential improvements and the need for time to work through excess inventory [58] Question: How significant is the impact of a large retailer's private label pellet business? - Management acknowledged the retailer's importance but expressed confidence in the stability of Traeger pellet sales, excluding the impact of the private label [60][62] Question: What are the plans for capital expenditures and deleveraging? - Management plans to keep capital expenditures minimal and focus on improving liquidity and profitability to aid in deleveraging efforts [66][85]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to | --- | --- | |-------------------------------------------------------|----------------| | | | | | | | Commission File Number 001-40694 | | | Traeger, In ...

TRAEGER INVESTOR PRESENT ATION SECOND QUARTER 2022 SAFE HARBOR STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our anticipated full year fiscal 2022 results, our expected annualized savings from our cost reduction plan, our ...

TRAEGER INVESTOR PRESENT ATION · FIRST QUARTER 2022 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to | --- | |-------------------------------------------------------------| | | | | | Commission File Number 001-40694 | | Traeger, Inc. | | (Exact name of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40694 Traeger, Inc. (Exact name of registrant as specified in its charter) Delaware 82-2739741 (State or other jurisdiction of incorporat ...

Call Start: 16:30 January 1, 0000 5:37 PM ET Traeger, Inc. (NYSE:COOK) Q4 2021 Earnings Conference Call March 23, 2022 16:30 ET CompanyParticipants Nick Bacchus - Vice President of Investor Relations Dom Blosil - Chief Financial Officer Jeremy Andrus - Chief Executive Officer Conference Call Participants Randy Konik - Jefferies Peter Benedict - Baird Simeon Siegel - BMO Capital Markets John Glass - Morgan Stanley Sharon Zackfia - William Blair Joe Feldman - Telsey Advisory Group Operator Thank you for joini ...

Traeger, Inc. (NYSE:COOK) Q3 2021 Earnings Conference Call November 15, 2021 4:30 PM ET Company Participants Tom Burton – General Counsel Jeremy Andrus – Chief Executive Officer Dom Blosil – Chief Financial Officer Conference Call Participants Randy Konik – Jefferies John Glass – Morgan Stanley Kaumil Gajrawala – Credit Suisse Sharon Zackfia – William Blair Peter Benedict – Baird Peter Keith – Piper Sandler Joe Feldman – Telsey Advisory Group Operator Hello and welcome to the Traeger's Third Quarter Fiscal ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40694 Traeger, Inc. (Exact name of registrant as specified in its charter) Delaware 82-2739741 (State or other jurisdicti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to | --- | --- | |-------------------------------------------------------|----------------| | | | | | | | Commission File Number 001-40694 | | | Traeger, In ...