1

Strong record of operational execution, revenue growth, margin expansion and free cash flow generation

2

Successful track record of acquisitions and integration

3

Large addressable markets with multi-channel, diverse distribution

4

Spin transaction is a likely catalyst for value recognition, improved performance and optimized capital structures

5

Significant market expansion opportunities in both businesses (adjacent products for Outdoor Online [OO] and military for Action Outdoor Sports [AOS])

6

Experienced management team