1 ACQUISITION OPPORTUNITIES ClubCorp is the United States’ largest owner-operator in a highly fragmented industry Private golf and country clubs in the U.S. … » There are ~3,900 private clubs, of which ~16% have a corporate owner (1) » ClubCorp is the largest owner of private golf and country clubs in the United States – we own the underlying real estate for 124 of our 158 golf and country clubs » Our acquisition pipeline remains robust 46 18 3 MYCC 1 135 189 109 MYCC 124 1 Club 2 - 5 6 - 24 25 - 100 > 100 Owners of 1 or More Private Clubs and Number of Clubs They Represent (1) Entities Clubs 3,300+ (1) Source: National Golf Foundation data for 2014. MYCC data as of September 8, 2015 1
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ACQUISITION OPPORTUNITIESClubCorp is the United States’ largest owner-operator in a highly fragmented industry
Private golf and country clubs in the U.S. …
» There are ~3,900 private clubs, of which ~16% have a corporate owner(1)
» ClubCorp is the largest owner of private golf and country clubs in the United States –
we own the underlying real estate for 124 of our 158 golf and country clubs
» Our acquisition pipeline remains robust
4618
3
MYCC1
135
189
109
MYCC124
1 Club 2 - 5 6 - 24 25 - 100 > 100
Owners of 1 or More Private Clubsand Number of Clubs They Represent(1)
Entities Clubs
3,300+
(1) Source: National Golf Foundation data for 2014. MYCC data as of September 8, 20151
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ACQUISITION STRATEGYScope, scale and expertise to successfully acquire and consolidate fragmented industry
CONTINUED CONSOLIDATION OF THE INDUSTRYScope, scale and expertise to acquire and consolidate fragmented industry
Single store additions…
» 16 single store acquisitions
since 2010
» ~$5.2 million average purchase
price per 18 hole equivalent
» ~$2 million additional one-time
reinvention capital per acquired
club
Portfolio additions…
» Sequoia Golf included 50
properties and 990 holes of
golf(3)
» Southeast portfolio added 6
clubs and 171 holes of golf
Date Club Name State Purchase Price (M)# of Clubs # of Holes
2010 Country Club of the South GA $7.61 18
2011 The Hamlet Golf & Country Club
Willow Creek Golf & Country Club
Wind Watch Golf & Country ClubNY $20.03 54
Canterwood Golf & Country Club WA $4.01 18
2012 Hartefeld National Golf Club PA $3.81 18
Chantilly National Golf & Country Club VA $4.61 18
TPC Piper Glen NC $3.81 18
TPC Michigan MI $3.01 18
Total Single Store $89.116 306
Prestonwood Country Club TX $11.222014 36
Oro Valley AZ $3.11 18Sequoia Golf Portfolio Various $260.050 990
Total Portfolio $303.856 1,161
2013 Oak Tree Country Club OK $10.01 36 (1)
Cherry Valley Country Club NJ $5.61 18(2)
(1) Includes purchase price of $5.0 million plus assumption of $5.0 million debt
(2) Purchase price of $6.9 million before adjustment for cash received of $1.3 million
(3) Properties owned or operated as of September 30, 2014. Purchase price of $260.0 million net of $5.6 million cash received and before customary closing
adjustments
Total ~$392.972 1,467
Ravinia Green Country Club IL $5.912015 18Rolling Green Country Club IL $6.51 18Southeast Portfolio Various $43.86 171
(3)
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2015 ACQUISITIONS Continue to consolidate market share with eight new properties added this year
Rolling Green Country Club, IL
Ravinia Green Country Club, IL
2015 Acquisitions
• ClubCorp acquired 2 clubs just north of Chicago, and near two existing and successful
business clubs in Chicago
» Ravinia Green Country Club, Arlington Heights, Illinois – 18-hole, private
» Rolling Green Country Club, Riverwoods, Illinois – 18-hole, private
• ClubCorp acquired portfolio of six golf clubs for a combined purchase price of just under
$44 million.
» Bermuda Run Country Club, Bermuda Run, North Carolina – 36-holes, private
» Brookfield Country Club, Roswell, Georgia – 18-hole, private
» Firethorne Country Club, Marvin, North Carolina – 18-hole, private
» Ford's Colony Country Club, Williamsburg, Virginia – 54-holes, semi-private
» Legacy Golf Club at Lakewood Ranch, Bradenton, Florida – 18-hole, public
» Temple Hills Country Club, Franklin, Tennessee – 27-holes, private
