Topgolf Callaway Brands (MODG) - 2024 Q1 - Earnings Call Presentation

▪ Net CapEx of $240M ($180M forTopgolf), is $20M lower than prior guide due to venue timing ▪ Anticipate ~$50 million pay down in Term Loan debt | --- | --- | --- | --- | --- | |------------------------------------------|---------|---------------|----------|-------------| | ($in millions, except for EPS) 1 | Topgolf | Non-Topgolf 5 | Total | Prev. Total | | Adjusted EBITDA | ~$350 | ~$280 | ~$630 4 | 630 4 | | Non-GAAP Depreciation & Amortization | | | ~260 | ~265 | | Non-GAAP Topgolf D&A | ~205 | | ~$ ...