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209 days

F45 Training Celebrates Unprecedented Growth in 2024, Ready to Lead the Fitness Industry Forward

1. F45 opened 75 new studios, expanding its global presence and market share. 2. Average Unit Volumes increased significantly, showcasing strong consumer demand. 3. Strategic partnerships with Samsung and HYROX enhance brand visibility and reach. 4. Pilates and yoga markets are projected to reach $417 billion by 2033. 5. Plans for innovative studio designs and recovery services will boost growth.

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Why Bullish?

Expanding operations and partnerships likely to enhance revenue, similar to past growth trends.

How important is it?

Company's growth narrative strongly correlates with FXLV's market trajectory, influencing investor sentiment.

Why Long Term?

Continued brand growth and expansion suggest sustained positive performance over years.

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F45SPOTNKE
AUSTIN, Texas--(BUSINESS WIRE)--F45 Training, a leading global fitness community specializing in innovative, functional group workouts that are fast, fun, and results-driven, has capped off a transformative year with record-breaking achievements. With 75 new studio openings across its portfolio of brands (F45 Training, FS8, and VAURA), record-setting Average Unit Volumes (AUVs), and a series of strategic partnerships, the company continues to solidify its dominant position as the global leader in the boutique fitness category, redefining its offerings and setting new standards in the health and fitness industry. “Our hard work and focus resulted in 2024 being a best-ever and pivotal year for the company, marked by significant overall growth and the highest Average Unit Volumes (AUVs) in our 12-year history,” said Tom Dowd, Chief Executive Officer for F45 Training. “This success reflects our dedication to refining every aspect of our business model, delivering exceptional support to our franchisees, and aligning our offerings with what members truly value. As we step into 2025, we are determined to build on this momentum, expand our reach, and bring more studios to communities with our three amazing and proven concepts, along with building new and exciting partnerships that add brand awareness as we expand our global reach and take market share. Our Pilates business continues to build momentum with strong deal flow driving into the new year.” 2024 HIGHLIGHTS Global Expansion 75 new studios opened across all brands, expanded the global footprint with a very strong pipeline heading into Quarter One. 87 franchises sold across all brands, reflecting the enduring and building demand for F45 Training, FS8, and VAURA Pilates. Expanded into new regions with Master Franchise partners, including the expansion of F45 Training in South Africa under the leadership of Functional Fitness South Africa Pty Ltd, FS8 in South Korea with Embrace, and an enhanced presence of FS8 across the U.K. and Europe through the continued partnership with Club Sports UK. Brand Performance Metrics Year Over Year F45 Training: AUVs increased by 12.4% and Same Store Sales rose by 5.6% globally. AUVs reached all-time highs on a global basis as well as for North America and the US. FS8: AUVs increased by 23.9% and Same Store Sales rose by 8.3% globally. VAURA Pilates: AUVs surged by 51.1% and Same Store Sales increased by 21.6% globally. Global membership lead volume increased by 19%, underscoring strong continued consumer demand across the portfolio of brands. 23% year-over-year increase in franchise ownership inquiries. Flagship Studio Launches and Brand Milestones VAURA Pilates: Opened flagship studio in New York City in January 2024. Designed with mirrored ceilings, captivating lighting, and dynamic music, VAURA offers a luxurious, sensory-charged fitness experience that is, “Athletic Pilates” at its highest level. VAURA is also our highest AUV concept. FS8: Opened flagship studio in Austin in March 2024. The popular FS8 brand combines Pilates, Tone, and Yoga into a unique low-impact, high-energy workout that strengthens the body and mind with certified trainers and instructional TVs throughout the studio helping each workout to be stress-free, effective, and fully engaging. FS8 is a category killer and receiving the highest level of franchisee interest. F45 Training: Introduced "Recovery by F45 Training" to complement functional training sessions, focusing on optimizing performance, restoring balance, and empowering members to recover. Recovery is focused on offering, infrared, saunas, cold, plunge, and percussion therapy, the perfect complement to any workout and a new revenue stream for our franchisees. Industry Recognition: F45 Training received notable accolades in 2024, including being named “Best Circuit Workout” by Men’s Health and earning a spot in Entrepreneur’s 2025 Franchise 500 ranking. Strategic Partnerships HYROX: F45 Training partnered with HYROX as an official training partner to prepare participants for their first or next race. HYROX is the world’s fastest-growing fitness competition, combining running and functional workout stations. Samsung: F45 Training exclusively brought its functional training workouts to Samsung TV users globally through Samsung Daily+. This partnership provided free access to our amazing and unique library of cardio, strength, hybrid, and recovery workouts to over 100 million households, with the library continuing to grow and enhance the at-home fitness experience worldwide. Passport Program: F45 launched the F45 Training Passport Program to allow members to enjoy the same high-energy workouts at any participating studio globally. Members are ecstatic and have now gained access to over 1,400 studios and the ability to drop into classes up to six times per month at no additional cost helping build the world-class and enthusiastic fitness culture we are famous for. Battle Cancer: F45 Training partnered with Battle Cancer as part of its global initiative to raise awareness and funds for cancer charities. Battle Cancer, known for creating epic fitness experiences to support those impacted by cancer, joined forces with F45 during the week of October 21-27. Members participated in a Battle Cancer Takeover as a part of the F45 Challenge, featuring a special finisher workout in studio classes worldwide. Spartan: F45 Training partnered with Spartan as its Official 45-Minute Team Training Partner, introducing race-specific education and Spartan-inspired workout movements featured on F45TV in studios worldwide. This collaboration empowers F45 Training members and coaches to prepare for Spartan races while enjoying exclusive race perks and incentives. Dr. B: F45 launched a new partnership with leading telehealth provider Dr. B to allow qualified members to get membership fees reimbursed from pre-tax FSA / HSA savings. Additionally, F45 Training introduced a holistic prescription weight loss program, combining Dr. B’s medical care and GLP-1 medications with F45’s virtual, on-demand fitness and nutrition tools. LOOKING AHEAD IN 2025 - VISION FOR DISRUPTION Building on this momentum, F45 is doubling down on its commitment to innovation, wellness, and global growth. The global Pilates and yoga studio market is projected to reach $417 billion by 2033 according to The Brainy Insights, presenting a significant opportunity for F45 Training to lead innovation in this high-growth sector. With FS8 and VAURA, the F45 Group is poised to disrupt the industry, applying its expertise in group fitness to redefine the Pilates and yoga experience. Just as F45 revolutionized functional group training over the last decade, the company is leveraging its unique and highly scalable four-wall operating model to create engaging, results-driven workouts that attract a new generation of fitness enthusiasts. In addition, the F45 Group is powering up its flagship brand, F45 Training, with a reimagined studio design and a new and comprehensive strength training program. The introduction of functional racks across studios enhances its already dynamic offerings, solidifying F45’s position as the innovative leader in functional training. This innovation rounds out the F45 Training experience, ensuring members receive comprehensive, results-focused strength training in addition to its signature variety-packed cardio and hybrid workouts. The company also plans to further evolve its “Recovery and Wellness” concept, empowering members to optimize their training and overall well-being, while exploring strategic partnerships and technological innovations that enhance the member experience and expand the brand’s global footprint. With a strong head start, a proven track record, and an aggressive expansion plan, F45 Training, FS8, and Vaura Pilates will continue leading the boutique fitness industry into 2025 and beyond. For more information on the F45 Training Group and upcoming announcements regarding programming, partnerships, and studio openings, please visit F45training.com and follow us on Facebook or Instagram. For franchising information please go to F45training.com/invest. ABOUT F45 TRAINING F45 Training (“F45'' or the “Company”) is a leading boutique fitness franchise platform operating the F45 Training, FS8, and VAURA brands. F45 Training, crowned the "Best Circuit Workout" by Men's Health (2024) and the “#1 Gym Chain in the U.S.” by Men’s Journal (2023), offers functional workouts, consisting of strength and cardio HIIT training, that utilizes proprietary technology, including a proven fitness platform that leverages a rich content database of thousands of unique functional movements that offer members new workout experiences each day. FS8 is a progressive new fitness concept that remixes the best elements of Pilates, tone, and yoga into a 3-in-1 low-impact, high-energy workout. VAURA is a sensory athletic reformer Pilates experience designed to energize every cell of your body. Additionally, recovery services are available at participating studios including state-of-the-art sauna, cold plunges, and percussion therapy. F45 Training is committed to supporting our expanding global franchise network in the high-growth boutique fitness category. Join the pinnacle of fitness franchising with three globally renowned concepts: F45 Training, the leading functional training chain worldwide, along with our distinctive Pilates brands, VAURA and FS8. Discover more at https://f45training.com, https://fs8.com and https://vaurapilates.com.

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