Pursuit Attractions and Hospitality (PRSU) investor relations material

Strategic acquisition overview

• Acquired Eagle Wing Tours for C$24M at an effective AEBITDA multiple of approximately 7x, expanding presence in the iconic Victoria, British Columbia tourism market.

• Eagle Wing Tours is a leading whale watching and marine wildlife operator, welcoming about 50,000 guests annually with a fleet of five vessels.

• The Victoria market sees around 5 million visitors each year, supported by a strong cruise sector and high hotel occupancy.

• Eagle Wing Tours holds limited, highly regulated dock space and employs specialized naturalist guides, creating barriers to entry.

• The acquisition is expected to be margin accretive, with anticipated AEBITDA of C$3M–C$4M in the first full year and opportunities for further growth through expanded marketing and resources.

Financial and operational highlights

• Eagle Wing Tours is recognized for exceptional guest experiences and a strong commitment to responsible tourism, holding multiple sustainability certifications.

• The purchase price includes over C$1M in acquired cash, reducing the effective purchase multiple below 7x.

• The business will leverage expanded commercial capabilities and marketing reach post-acquisition.

• Non-GAAP financial measures such as AEBITDA are used to assess performance, excluding non-recurring and non-operational items.

• Forward-looking statements are subject to various risks, including economic conditions, industry competition, and integration challenges.