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| Copyright © 2022 Sportsman's Warehouse. 2 FORWARD LOOKING STATEMENTS AND NON - GAAP MEASURES This presentation includes forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward - looking statements in this presentation i nclude, but are not limited to, statements regarding our opportunity for long - term growth via market share gains, ecommerce platform growth and new physical store and distribution center expansion, opportunistic acquisitions, and future year targets and our ability to have sufficient inventory of products in demand by our customers. Investors can identify these statements by the fact that they use words such as "continue", "expect", "may", "opportunity", "plan", "future", "ahead" and sim ilar terms and phrases. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to many factors including, but not limited to: current and future government regulations relating to the sales of firearms and ammunition, which may impact the supply and demand of our products and ability to conduct our business, our retail - based business model, general economic, market and other conditions, changes in consumer spending, our concentration of stores in the Western United States , c ompetition in the outdoor activities and specialty retail market, changes in consumer demands or preferences, our expansion into new markets and planned growth, the impact of COVID - 19 on our operations, and other factors that are set forth in our filings with the Securities and Exchange Commission (the “SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10 - K for the fiscal year ended January 29, 2022, which was filed with the SEC on March 30, 2022, and our other public filings made with the SEC a nd available at www.sec.gov .. If one or more of these risks or uncertainties materialize, or if any of the Company’s assumptions prove incorrect, the Compa ny’ s actual results may vary in material respects from those projected in these forward - looking statements. Any forward - looking statement made by the Company in this presentation speaks only as of the date on which the Company makes it. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, an d it is not possible for the Company to predict them all. The Company undertakes no obligation to publicly update any forward - looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. In this presentation, we refer to “ Adjusted EBITDA,” and “Adjusted EBITDA Margin,” which are not financial measures prepared in accordance with Generally Accepted Accounting Principles (“GAAP”). For a reconciliation of these measures to the most directly comparable GAAP financial measure , s ee the Appendix to this presentation. As used herein, unless the context otherwise requires, references to “Sportsman’s,” “Sportsman’s Warehouse,” “we,” “us,” and “ou r” refer to Sportsman’s Warehouse Holdings, Inc. |