Second quarter 2010 resultsAugust 5, 2010

Disclaimer

Statements in this presentation, which are not historical facts, such as expectations, anticipations, beliefs and estimates, are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements.

Amer Sports assumes no responsibility to update any of the forward-looking statements contained herein. No representation or warranty, express or implied, is made or given by or on behalf of Amer Sports or its employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation.

Clear improvement in Q2/2010 compared to Q2/2009 • Net sales were EUR 317.5 million (284.7), +5% in local

currencies – Sales increased particularly in Apparel and Footwear,

Team Sports and Golf– Geographically, growth came especially from EMEA, +9%

• EBIT was EUR -16.9 million (-29.4), up 12.5 million

3

– Higher gross margins, increased sales volumes– EBIT margin improved in all business segments except Fitness

• Next season pre-orders in Winter Sports Equipment are up approximately 15%• Fall/winter pre-orders in Apparel and Footwear are indicating stronger net sales

growth in H2/2010 than in H1• Amer Sports expects its 2010 net sales to be approximately EUR 1.7 billion and EBIT

margin to improve to the mid-single-digit level

Change % in local currencies

Gross profit percentage up by 5 points

EUR million Q2/10 Q2/09 Ch % Ch %* H1/10 H1/09 Ch % Ch %* 2009Net sales 317.5 284.7 12 5 690.1 640.0 8 5 1,533.4Gross profit 135.7 108.4 25 18 294.9 252.2 17 14 620.0Gross profit, % of net sales 43 38 43 39 40EBIT -16.9 -29.4 -7.4 -36.3 43.8Net cash flow fromoperating activities after interest and taxes -4.5 -5.4 94.2 58.7 181.6

*) Change % in local currencies

EBIT Development Q2/2010 YoY, EUR million

-30

-25

-20

-15

-10

-5

0

-29,4

+5,8

+15,2

OPEX

-7,0

Other Q2/10

-16,9

-1,5

GrowthQ2/09 Margin/Mix

-30

-25

-20

-15

-10

-5

0

-29,4

+5,0

Fitness

+9,6 -1,5

HQ

-0,6

Q2/10

-16,9

W&OQ2/09 BallSports

Strong financial position

6

• A EUR 150 million bond was issued in June to domestic and international investors– Proceeds to be used for refinancing and general corporate purposes

• In a strong position to cover refinancing needs in 2011-2012

June 30, 2010 June 30, 2009 Dec 31, 2009Equity ratio, % 46 37 48Gearing, % 34 103 38

Winter and Outdoor in Q2/2010

Net sales increased by 4% in local currencies compared to Q2/2009• In Winter Sports Equipment Q2 is seasonally low as all focus is on order intake• Strong growth in Apparel and Footwear continued. Net sales increased by 10%, growth

particularly from footwear • Cycling net sales at last year’s level due to poor spring weather conditions• Sports Instruments net sales increased by 4%, growth mainly from Outdoor products

EBIT improved EUR 5 million to EUR -24.4 million (-29.2)– Improved gross margins EUR +9 million– Sales growth EUR +2 million– Increased operating expenses EUR -6 million

0

50

100

150

200

250

300

350

Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10

Net sales

-40-30-20-10

01020304050

Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10

EBITMEURMEUR

Change % in local currencies

116.5106.6

-24.2-29.2

104.6

-26.7

Pre-orders in Winter Sports Equipment +15%

• Especially Central Europe and Nordic doing very well

• XC products showing the fastest growth • Also ski boots and helmets showing double-

digit growth rate• Traditionally, sales has followed 10-80-10

principle, i.e. 10% in the beginning of the year, 80% based on pre-orders and 10% from re-orders

• Full year sales will also be impacted by the start of the season in terms of snow conditions

8

Fall/winter pre-orders in Apparel and Footwear indicate stronger growth in H2 than in H1

• Growth especially in Europe, Russia, Canada and Asia

• Trail Running, Outdoor Performance (hiking, backpacking) and Skiwear showing the fastest growth

• Production capacities upgraded, enabling good deliveries

9

Ball Sports Q2/2010

Net sales increased by 6% in local currencies compared to Q2/2009• Racquet Sports net sales up 2%, performance tennis racket category performing well• Team Sports net sales up 7%, thanks to baseball gloves and DeMarini baseball bats• Golf net sales increased by 16%, growth driven by the US

Ball Sports EBIT improved EUR 9.6 million to EUR 17.0 million (7.4)– Improved gross margins EUR +7 million– Sales growth EUR +3 million

020406080

100120140160180

Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10

Net sales

02468

101214161820

Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10

EBITMEUR

MEUR

Change % in local currencies

135.7153.9

17.0

7.4

130.9

11.3

Fitness Q2/2010

Net sales increased by 5% in local currencies compared to Q2/2009• Sales growth in EMEA and Asia Pacific more than offset a slight decline in the Americas• Growth driven by commercial elliptical cross-trainers, bikes and strength as well as

consumer treadmills and parts/service

EBIT down by EUR 1.5 million to EUR -3.7 million (-2.2)• Increased warranty costs EUR 2 million, partly offset by sales growth

0

10

20

30

40

50

60

70

Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10

Net sales

-5-4-3-2-1012345

Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10

EBITMEUR MEUR

47.142.4 -2.2 -3.7

49.6-0.4

Change % in local currencies

Outlook for 2010

12

• Amer Sports expects its 2010 net sales to be approximately EUR 1.7 billion and EBIT margin to improve to the mid-single-digit level.

• The sporting goods market is expected to recover moderately, but with significant regional and sports area specific differences.

• Winter sports equipment market has recovered due to good snow conditions during previous winter season. Amer Sports’ next season pre-orders in Winter Sports Equipment are up approximately 15% compared to last year.

• In Apparel and Footwear, fall/winter pre-orders are indicating a faster sales growth in the second half of the year compared to the first half.

• Amer Sports’ strategy is to drive profitable growth. Amer Sports continues to focus on improving its profitability through improved gross profit and tight cost control. Strict control over working capital will continue.

Focus in H2/2010

• Continue organic growth• Protect and further enhance gross margins• Selected distribution expansion (quantity and quality)• Drive operational excellence through clearly defined key

performance indicators• Selected capability increases

Appendix

Sales development by region in Q2/2010Americas EMEA Asia Pacific Total

Q2/10 Ch, YoY Q2/10 Ch, YoY Q2/10 Ch, YoY Q2/10 Ch, YoYMEUR % %, LC MEUR % %, LC MEUR % %, LC MEUR % %, LC

Winter and Outdoor 25.0 1 -8 74.1 12 9 17.4 12 0 116.5 9 4Ball Sports 96.9 16 7 36.1 8 6 20.9 14 2 153.9 13 6Fitness 31.3 4 -3 10.6 23 21 5.2 37 28 47.1 11 5Total 153.2 11 2 120.8 11 9 43.5 15 3 317.5 12 5

Winter and Outdoor Ball Sports Fitness Total

116.5 153.9 47.1 317.5

Americas66 %

Americas48 %

Sales Development by region in H1/2010Americas EMEA Asia Pacific Total

H1/10 Ch, YoY H1 Ch, YoY H1/10 Ch, YoY H1/10 Ch, YoYMEUR % %, LC MEUR % %, LC MEUR % %, LC MEUR % %, LC

Winter and Outdoor 56.4 -6 -11 203.0 12 10 38.8 28 20 298.2 10 7Ball Sports 189.8 8 7 71.1 5 3 38.4 7 -1 299.3 7 5Fitness 65.3 -3 -3 18.9 15 13 8.4 24 19 92.6 2 2Total 311.5 3 1 293.0 11 9 85.6 18 9 690.1 8 5

Winter and Outdoor Ball Sports Fitness Total

298.2 299.3 92.6 690.1

Americas19 %

Americas63 %

Americas71 %

Americas45 %

EBIT Development H1/2010 YoY, EUR million

-40

-35

-30

-25

-20

-15

-10

-5

0

5

H1/10

-7,4

Other

-1,8

OPEX

-6,0

Margin/Mix

+23,3

Growth

+13,4

H1/09

-36,3-40

-35

-30

-25

-20

-15

-10

-5

0

5

10

H1/10

-7,4

HQ

-2,4

Fitness

+1,2

BallSports

+12,5

W&O

+17,6

H1/09

-36,3

Quarterly sales and EBIT breakdownQ2 Q1/ Q4/ Q3/ Q2/ Q1/ Q4/ Q3/ Q2/ Q1/

SALES 2010 2010 2009 2009 2009 2009 2008 2008 2008 2008 2009 2008

Winter and Outdoor 116.5 181.7 329.2 262.4 106.6 164.4 326.6 267.6 104.6 162.0 862.6 860.8

Ball Sports 153.9 145.4 94.7 103.4 135.7 142.9 110.0 110.6 130.9 144.0 476.7 495.5

Fitness 47.1 45.5 58.9 44.8 42.4 48.0 58.7 55.0 49.6 57.0 194.1 220.3

Total 317.5 372.6 482.8 410.6 284.7 355.3 495.3 433.2 285.1 363.0 1,533.4 1,576.6

Q2/ Q1/ Q4/ Q3/ Q2/ Q1/ Q4/ Q3/ Q2/ Q1/EBIT 2010 2010 2009 2009 2009 2009 2008 2008 2008*) 2008 2009 2008*)

Winter and Outdoor -24.2 1.7 42.5 44.1 -29.2 -10.9 36.7 45.7 -26.7 -14.6 46.5 41.1

Ball Sports 17.0 14.4 2.2 2.4 7.4 11.5 3.4 6.6 11.3 15.7 23.5 37.0

Fitness -3.7 -0.7 -0.5 -1.4 -2.2 -3.4 -2.3 2.8 -0.4 3.7 -7.5 3.8

Headquarters -6.0 -5.9 -4.8 -4.4 -5.4 -4.1 -2.6 -3.6 8.0 -4.8 -18.7 -3.0

Total -16.9 9.5 39.4 40.7 -29.4 -6.9 35.2 51.5 -7.8 0.0 43.8 78.9

*) Includes a capital gain of EUR 13 million from selling the company’s corporate headquarters building.

Quarterly sales by region

Q2/ Q1/ Q4/ Q3/ Q2/ Q1/ Q4/ Q3/ Q2/ Q1/

SALES 2010 2010 2009 2009 2009 2009 2008 2008 2008 2008 2009 2008

Americas 153.2 158.3 154.6 163.6 138.5 163.8 178.8 185.7 140.2 173.1 620.5 677.8

EMEA 120.8 172.2 266.1 204.0 108.4 156.5 249.5 206.6 109.2 157.7 735.0 723.0

Asia Pacific 43.5 42.1 62.1 43.0 37.8 35.0 67.0 40.9 35.7 32.2 177.9 175.8

Total 317.5 372.6 482.8 410.6 284.7 355.3 495.3 433.2 285.1 363.0 1,533.4 1,576.6

Business area information

MEURQ2/

2010Q2/

2009Ch%

Ch%*)

H1/2010

H1/2009

Ch%

Ch%*) 2009

Racquet Sports 70.9 65.1 9 2 135.2 129.0 5 2 222.7

Apparel and Footwear 57.6 49.2 17 10 148.6 131.6 13 8 304.7

Team Sports 55.7 48.6 15 7 116.5 107.9 8 7 187.3

Fitness Equipment 47.1 42.4 11 5 92.6 90.4 2 2 194.1

Golf 27.3 22.0 24 16 47.6 41.7 14 9 66.7

Cycling 25.1 24.6 2 1 54.4 51.8 5 5 100.4

Sports Instruments 23.6 21.4 10 4 42.7 39.2 9 5 85.8

Winter Sports Equipment 10.2 11.4 -11 -18 52.5 48.4 8 5 371.7

Total 317.5 284.7 12 5 690.1 640.0 8 5 1,533.4

*) Change % in local currencies

Balance sheet

MEUR June 30, 2010 June 30, 2009

Goodwill and other intangible non-current assets 515.6 484.8

Tangible non-current assets and other non-current assets 212.5 193.6

Inventories and work in progress 328.7 351.5

Receivables 371.7 338.0

Cash and cash equivalents 185.9 23.8

Shareholders’ equity*) 746.4 519.0

Interest bearing liabilities 440.1 556.6

- Long-term 317.2 412.6

- Current 122.9 144.0

Other liabilities 427.9 316.1

Total 1,614.4 1,391.7

*) Including hybrid bond

Contact information

• Ms Päivi Antola, Director, IR and Financial Communicationstel. +358 9 7257 8233

• Mr Pekka Paalanne, Executive Vice President, CFOtel. +358 9 7257 8212

www.amersports.com