JHT — Investor Presentation 2026

May 13, 2026

JOHNSON

喬山健康科技(股)公司

Johnson Health Tech

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JOHNSON

Content

1. JOHNSON GROUP
2. BRANDS AND CHANNELS
3. MARKET OVERVIEW
4. FINANCIAL HIGHLIGHT

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JOHNSON

Johnson Group

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JOHNSON

OUR HISTORY

1975-1979

Early Years

JHT was established in 1975 in Taichung, Taiwan. Cooperated with IVANKO to produce weightlifting equipment, and became the largest

1980-1995

Fitness Manufacturing

Grew OEM & ODM fitness business with leading industry partners like Ross, Universal, Tunturi, Schwinn, True, Omron and Mizuno.

1996-2025

Brand / Market Development

Developed core competencies in international manufacturing, R&D, global branding, channel development and management

2020

FUJIIRYōKI

Acquisition of Japan's leading massage chair brand company Fujiiryoki

2024

BowFlex

Merged into the third-largest global Home Use brand BowFlex

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JOHNSON

40 SBUs Around the World

• ☐ WHOLLY OWNED SUBSIDIARIES
  44 SBUs in 38 countries
• ☐ DISTRIBUTORS in more than 60 countries

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JOHNSON

Retail Stores around the world

Total 318 Stores

America (102)

• USA - 101
• Brazil - 1

Europe (8)

• Italy - 2
• Greece - 2
• Germany - 4

Asia (208)

• Taiwan - 72
• Malaysia - 9
• China - 78
• Vietnam - 3
• Thailand - 44
• Philippines - 2

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JOHNSON

Global Manufacturing

JHTNAM, Wisc., USA

JIS – II, Shanghai, China

JIS – I, Shanghai, China

JVN II *
Mass production is expected to begin in Q3 of 2026

JVN, Bac Ninh, Vietnam

JHT, Taichung, Taiwan

Osaka, Japan

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JOHNSON

Brand and Channel

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JOHNSON

Fitness Brands

Commercial

MATRIX

Vertical Market

Sporting Goods and Mass Market

HORIZON FITNESS

BowFlex

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JOHNSON

Massage Chair Brand

FUJIIRYōKI

SYNCA

デザインと
コンパクトさが
推しなんです！

SYNCA

FUJIIRYOKI

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JOHNSON

MARKET OVERVIEW

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Planet Fitness

1) The number of members and stores continues to grow :

	2024	2023	2022	2021	2020
Members	19.7M	18.7M	17M	15.2M	13.5M
Clubs	2,722	2,575	2,410	2,254	2,124

2) 2025 Outlook:

• New equipment placements of approximately 130 to 140 in franchisee-owned locations
• System-wide new club openings of approximately 160 to 170 locations

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BASIC-FIT

The largest fitness chain in Europe

HIGHLIGHTS 2024

STRONG GROWTH OF CLUBS, MEMBERSHIPS, REVENUE AND EBITDA

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smart fit

The largest fitness chain in South America

THE LARGEST LATIN AMERICA FITNESS GROUP¹

smart fit

Mexico:
395 clubs
(23%)
+75 LTM

PRESENT IN¹
15 countries

Other Countries:
553 clubs
(24%)
+104 LTM

Brazil:
831 clubs
(15%)
+111 LTM

+250 clubs
In 1Q25 LTM

NET REVENUE (1Q25 LTM)
R$ 6.0 bn 20% CAGR 2019-1Q25 LTM

EBITDA (1Q25 LTM) (3)
R$ 1.9 bn 31% EBITDA Margin

© As of March 31, 2025, includes franchises, excludes studios. (2) Members in clubs. (3) Excludes impact of IFRS 16.

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Outlook

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JOHNSON

Expand the commercial market with new products/new channels

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JOHNSON

ONXY SERIES

ONYX
by MATRIX

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JOHNSON

VISION SERIES

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JOHNSON

OUTLOOK

Revenue Growth Stabilized

• Commercial new products injecting Full-Channel development
• Implementation of multi-brand strategy for Home use products, enhancing brand influence

Gross Profit and Operating Profit Increase

• Optimization of product manufacturing base allocation, increased capacity utilization rate of each manufacturing plant, reduced production costs
• Expansion of procurement scale, enhanced negotiation capability increase in the proportion of high-gross margin models

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JOHNSON