Financial Data and Key Metrics Changes - Second quarter revenue was $665 million, a decline of approximately $18 million or 2.7% from Q1, which was significantly below the expected growth [6][16] - Adjusted EBITDA was $63 million or 9.4% of revenue, a reduction of 250 basis points compared to Q1 [6][22] - Net loss for the quarter was $28 million, with a diluted loss per share of $0.21; on an adjusted basis, the net loss was $6 million with a diluted loss per share of $0.05 [22] Business Line Data and Key Metrics Changes - Revenue from rental business decreased by $11 million, while direct sales declined by $7 million [17][20] - New business contributed $17 million or 2.4% of revenue growth during the quarter, with a 35% increase in recurring revenue year over year [17][18] - Customer retention was 92.4% at the end of Q2, consistent with previous years [18] Market Data and Key Metrics Changes - The decline in revenue was attributed to lost business exceeding new business, although the gap narrowed by approximately 10% [11][18] - Revenue from existing customers declined by approximately $8 million compared to Q1, including a $4 million decrease in L and R revenue [19] Company Strategy and Development Direction - The company is focused on improving customer service and operational effectiveness, with a customer-centric approach being emphasized [12][13] - A new CEO will be stepping in to drive profitable growth and ensure a seamless transition [4][5] - The company is committed to deleveraging and disciplined capital allocation, with an amendment to the credit agreement providing additional flexibility [14][26] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with Q2 performance but noted positive trends in recent months, including sequential monthly revenue growth [15][29] - The company is optimistic about entering Q3 in a stronger position, expecting revenue growth and margin expansion [15][30] Other Important Information - The company has suspended annual guidance and shifted to quarterly guidance due to recent performance and macroeconomic uncertainties [28][69] - A significant investment of $30 million in inventory was made to support new customer installations [23][44] Q&A Session Summary Question: Confidence in Q3 earnings guidance - Management expressed confidence in the Q3 guidance, citing improved trends and a better understanding of financial metrics [35][36] Question: Actions on cost structure - Management indicated ongoing efforts to utilize assets efficiently while balancing investments in customer service [39][45] Question: Service issues and competitive dynamics - Management acknowledged ongoing service issues but emphasized renewed focus on improvements and customer-centric culture [50][51] Question: Cultural transformation timeline - Management stated that cultural transformation will take time and will be influenced by the new CEO [72] Question: Update on strategic advisors - Management confirmed no active activity regarding strategic advisors at this time [70] Question: Year-over-year revenue decline causes - Management attributed the decline to lost business exceeding new business, service issues, and a significant loss of a large national account [88]

Core Insights - KH Group Plc experienced moderate growth in net sales and operating profit during the January–March 2025 period compared to the previous year [3] - The company aims to focus on its core business, KH-Koneet, while divesting other business areas [8] Financial Performance - Net sales for the period amounted to EUR 41.8 million, an increase from EUR 40.4 million year-on-year [7] - Comparable operating profit was EUR 0.2 million, improving from a loss of EUR 0.1 million [7] - The net profit from continuing operations was EUR -0.4 million, an improvement from EUR -1.7 million [7] - Earnings per share from continuing operations were EUR -0.01, compared to EUR -0.03 in the previous year [7] - Equity per share decreased to EUR 0.85 from EUR 1.30 [7] - Gearing at the end of the review period was 291.3%, up from 225.3% [7] Business Segments - KH-Koneet saw an increase in net sales and operating profit in Finland and Sweden, particularly in heavy crawler excavators [3] - Nordic Rescue Group's net sales declined, but operating profit remained stable compared to the previous year [3] - Indoor Group faced challenges due to market uncertainty, but a reform program aims for an annual operating profit improvement of at least EUR 10 million by the end of 2026 [4] Strategic Developments - KH Group initiated a sale process for Indoor Group and aims to complete it during 2025 [5] - The company acquired the remaining minority shares of KH-Koneet Group Oy for EUR 2.0 million, making it a fully-owned subsidiary [5] - A performance-based share scheme for key employees of KH-Koneet was established to align their goals with shareholder interests [6] Future Outlook - The company estimates that net sales for 2025 will be approximately EUR 194.0 million, with comparable operating profit remaining around EUR 7.2 million [9] - The focus will be on securing net sales and improving working capital efficiency [6]

March 27, 2025 Fourth Quarter and Full Year 2024 Financial Results Welcome and Participants Dr. Jeffrey Graves President & Chief Executive Officer Jeffrey Creech Executive Vice President & Chief Financial Officer Mick McCloskey Vice President, Treasury & Investor Relations To participate via phone, please dial: 1-201-689-8345 3 Dr. Jeffrey Graves President & Chief Executive Officer 2 Forward Looking Statements Certain statements made in this presentation that are not statements of historical or current fact ...

Financial Data and Key Metrics Changes - Clarus Corporation reported fourth quarter revenue of $71.4 million, slightly above guidance, but a 7% decline year-over-year, primarily due to a 23% decrease in the Adventure segment [12][39] - Consolidated gross margins improved to 33.4% from 28.9% year-over-year, driven by product simplification and SKU rationalization efforts [39] - Adjusted EBITDA for the fourth quarter was $4.4 million, up from $1.6 million in the prior year, reflecting improved operational efficiency [42] Business Line Data and Key Metrics Changes - Outdoor segment revenue was $51.1 million, up from $50.1 million year-over-year, with adjusted gross margin improving to 36.9% from 32.8% [14][15] - Adventure segment revenue fell to $20.3 million with adjusted EBITDA of $1.6 million, impacted by lower OEM sales and increased growth investments [15][39] - Overall, the Outdoor segment achieved 99% of its net sales target, while the Adventure segment reached 90% [6] Market Data and Key Metrics Changes - In North America, wholesale revenue for the Outdoor segment increased by 6.5%, while digital D2C sales declined by 3.2% [30] - International markets saw a significant increase of 90.4% in revenue, attributed to better timing of deliveries [32] - The Australian market faced challenges with a 10% decline in the wholesale channel due to lower vehicle sales [19] Company Strategy and Development Direction - The company aims to build a smaller, more profitable business, focusing on high-margin products and improving inventory quality [8][29] - Strategic initiatives include investments in R&D and new product launches, particularly in the Adventure segment, to drive future growth [10][25] - The acquisition of Rocky Mounts is expected to enhance the Adventure segment's offerings and market presence in North America [10][86] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant market headwinds but expressed confidence in the company's strategic direction and operational improvements [6][11] - The outlook for 2025 anticipates modest revenue growth, with adjusted EBITDA expected to range between $14 million and $16 million [52] - Concerns regarding tariffs and their potential impact on gross margins were highlighted, with management actively working to mitigate these effects [47][78] Other Important Information - The company reported a strong cash position of approximately $45.4 million, significantly improved from the previous year [44] - Free cash flow for the fourth quarter was $14.4 million, consistent with historical performance [13] - The company is currently involved in ongoing litigation matters, which may impact future financial results [48][49] Q&A Session Summary Question: Clarification on EBITDA margin targets - Management confirmed that there is a path to double-digit EBITDA margins for the Outdoor segment based on current revenue levels, with expectations for improvement in the second half of the year [60] Question: Impact of tariffs on ordering behavior - Management indicated that it is too early to assess the full impact of tariffs on order behavior, but initial signals suggest some consumer sentiment has been affected [61][62] Question: Guidance for 2025 and cost-saving opportunities - Management noted that the guidance reflects both cost-saving initiatives and product mix improvements, with a focus on gross margin expansion [71][75] Question: Trends in Adventure and Outdoor segments - Management acknowledged weakness in the Adventure segment due to lower auto sales in Australia, while the Outdoor segment has started the year stronger than anticipated [93][94]

Financial Data and Key Metrics Changes - Revenue for Q4 was $622 million, representing a total company growth of 9% on a constant currency basis or 8% reported, aided by a temporary shortage in IV Solutions [9][10] - Adjusted EBITDA increased by 22% to $106 million compared to $86 million last year [27] - Adjusted diluted earnings per share for the quarter was $2.11, compared to $1.57 last year [25] Business Segment Data and Key Metrics Changes - Consumables business grew 6% both in constant currency and reported terms in Q4 [11] - IV Systems business grew 7% reported and 4% constant currency, marking the best absolute quarter in pumps [12] - Vital Care segment grew 16% on a constant currency and reported basis, primarily due to the national shortage in IV Solutions [13] Market Data and Key Metrics Changes - The broader demand and utilization environment in Q4 remained solid across almost every geography [10] - The capital environment is stable, with necessary investments being completed [10] Company Strategy and Development Direction - The company is preparing for a joint venture with Otsuka Pharmaceutical Factory, which is expected to enhance operational capabilities and customer service [14] - Focus on improving profitability through operational efficiencies and innovation in product offerings [44][50] - Plans to optimize the manufacturing network and logistics to achieve better gross margins [99] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving healthy revenue growth in all differentiated product lines [16] - The company aims to improve free cash flow by completing quality remediation and integration activities [40] - Management acknowledged the challenges posed by currency fluctuations and inflation but remains focused on operational improvements [50] Other Important Information - The company expects the IV Solutions JV transaction to close in Q2 2025, which will impact financial reporting [29][30] - Anticipated reduction in adjusted revenue of $350 million and adjusted EBITDA of $25 million post-JV transaction [31] Q&A Session Summary Question: What is driving the growth in Consumables? - Management indicated that growth was driven by a combination of new installations, global growth, and pricing [60] Question: What was the EBITDA margin excluding IV Solutions in 2024? - Management did not disclose specific figures but suggested that it would not be materially different from the reported total [62] Question: What is the demand environment for capital equipment? - Management described the environment as normal, with necessary capital investments being made [80] Question: Can you elaborate on the expected growth in Consumables? - Management expects all four product lines to contribute to growth, with confidence in legacy ICU lines [122] Question: What are the drivers for achieving the $500 million EBITDA goal? - Management highlighted sustained revenue growth, gross margin improvements, and currency stabilization as key drivers [128]