SATS (SATS) Investor presentation summary

Market position and growth drivers

• Operates in a growing fitness market, driven by health and wellness trends and favorable generational dynamics.

• Holds a leading position in the Nordics, especially in capital cities with high population density and strong income levels.

• Club network is strategically located in attractive, high-growth urban areas.

• Fitness industry shows resilience to economic cycles and addresses global health challenges.

Member value proposition and operational strengths

• Offers a comprehensive one-stop shop for training, including fitness, group classes, personal training, childcare, and digital services.

• Strong club clusters in key cities provide members with flexibility and a wide range of offerings, creating high entry barriers for competitors.

• High-quality staff ensure exceptional service, safety, and motivation, supporting member retention.

• Lifetime commitment to members enables efficient club utilization and appeals to all life stages.

Financial performance and business model

• Demonstrates strong financial performance with robust revenue growth, solid EBITDA margin expansion, and high cash conversion rates.

• Diversified, low-risk business model with high visibility subscription revenue and broad geographic exposure.

• Maintains disciplined Capex and overhead, supporting profitability and operational leverage.