PRIMO WATER DECLARES SPECIAL DIVIDEND

Core Viewpoint - Primo Water Corporation announced a special dividend of US$0.82 per share, payable on November 21, 2024, in connection with its all-stock combination with BlueTriton Brands, Inc. [1] Company Overview - Primo Water is a leading North America-focused provider of water solutions, operating under a recurring revenue model in the large format water category [3] - The company's revenue model is likened to a "razor-razorblade" strategy, where the initial sale of water dispensers leads to recurring purchases of water solutions [3] - Primo Water's offerings include Water Direct, Water Exchange, and Water Refill, with services available at approximately 11,350 retail locations and online [3][4] Business Strategy - The Water Direct business delivers hydration solutions directly to customers, while the Water Exchange allows customers to purchase pre-filled bottles and exchange empty ones for discounts [3] - The Water Refill business enables customers to refill bottles at around 23,500 self-service stations [3] - The company also provides water filtration units across North America [4] Environmental Commitment - Primo Water aims to promote a healthier lifestyle while reducing plastic waste and pollution through its water solutions [4] - The company partners with the International Bottled Water Association to ensure adherence to safety, quality, and regulatory standards [4] BlueTriton Overview - BlueTriton Brands, Inc. produces and distributes a variety of water and beverage brands, including Poland Spring and Deer Park [6] - The company operates ReadyRefresh, a home and office beverage delivery platform that emphasizes reusable packaging [7] - BlueTriton manages water resources sustainably and protects over 20,000 acres of watershed area [8]