Pursuit Attractions and Hospitality (PRSU) Investor presentation summary

Investment highlights

• Best-in-class owner and operator of unique experiential infrastructure with a differentiated business model generating sustainable cash flow.

• Proven 10-year track record of executing growth strategy and delivering strong returns.

• Positioned to grow adjusted EBITDA by more than 2.3x by 2030, supported by a strong balance sheet.

Business model and growth engine

• Operates irreplaceable sightseeing attractions and distinctive lodges in iconic locations across four countries, with integrated F&B, retail, and transportation.

• Quadrupled revenue at a 15% CAGR from 2015 to 2025, expanding from 4 to 17 attractions and 12 to 29 lodges.

• Focuses on perennial demand, limited supply, and a guest-obsessed culture to drive sustainable, exponential cash flow.

2025 performance and financials

• Delivered record full-year results in 2025: $452M revenue, $117M adjusted EBITDA, and 26% EBITDA margin.

• Achieved 23% revenue growth and 52% AEBITDA growth year-over-year, with strong guest scores and high team member engagement.

• Sold 439K lodging rooms and welcomed 4.2M attraction visitors in 2025.