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State of the Industry. 1.0 Golf Demand Participants (MM) Source: NGF golf participation study - 1990 is a calculated average of 1989 and 1991 Long-term.

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Presentation on theme: "State of the Industry. 1.0 Golf Demand Participants (MM) Source: NGF golf participation study - 1990 is a calculated average of 1989 and 1991 Long-term."— Presentation transcript:

1 State of the Industry

2 1.0 Golf Demand

3 Participants (MM) Source: NGF golf participation study is a calculated average of 1989 and 1991 Long-term Participation Trend

4 Source: NGF golf participation study Participants (MM) Recessionary effect Participant Gains v. Losses

5 +2.0% or higher +1.9% to -1.9% -2.0% or lower (% Change from previous year) Pacific (+1.6%) Source: Golf Datatech National Rounds Played Report in cooperation with PGA Performance Trak and the NGF. Based on a sample of approximately 4,000 reporting facilities Rounds played – 2012 (up 5.7% nationally) Mountain +7.0% W. N Central +7.6% E. N. Central +10.8% So. Central (+5.0%) So. Atlantic (+2.4%) Mid Atlantic (+10.1%) New England (+3.2%)

6 Rounds played – 2012 (Public Facility Concentration 2012 U.S.) Mid Atlantic (+10.1%) West N Central (+7.6%) East N Central (+10.8%) Source: Golf Datatech National Rounds Played Report and NGF golf facility database. Highlighted area contains almost half (47%) of the nations public golf facilities.

7 Rounds volume

8 2.0 Golf Supply

9 2.1 Courses/Facilities

10 Source: NGF Facility Tracking Course openings 18-hole equivalents

11 Course closures Source: NGF Facility Tracking 2012 Closures: PUBLIC: (90%) Daily Fee: (84%) Municipal: 8.5 (6%) PRIVATE: 15.5 (10%) REAL ESTATE: 34.5 (22%, incl. both public and private) 18-hole equivalents

12 Net Change = openings minus closures (in 18-hole equivalents) Net change in supply Source: NGF Facility Tracking 18-hole equivalents

13 2.2 Golf Supply v. Demand

14 Rounds & golf course supply Source: NGF/Golf Datatech Course Supply (18 hole equiv.) Rounds Per 18 hole equiv. % Change in rounds (from previous year) (-3.0%)(-1.5%)(0.9%)(0.0%)(0.3%)(-0.6%)(-1.8%)(-0.6%)(-2.3%)(-2.5%) Decade -12.1% Decade +1.7% (5.7%)

15 2.3 Range & Retail Supply

16 We have seen very little change in the range size proportions since 2000: 2012 Continued contraction in range supply

17 Retail supply 5-year trend

18 Retail – 2012 snapshot 1,078 Doors 8.5 mm Sq. Ft.

19 3.0 Industry Spending

20 Domestic – club shipments

21 Domestic – ball shipments

22 (1) Excluding capital expenditures and water Facility maintenance budget index

23 YE = Year End MY = Mid Year Turf maintenance equipment

24 4.0 Consumer Confidence

25 Consumer Confidence Index Source: The Conference Board Through May 2013 Index currently stands at = normal

26 Consumer spending Source: Gallup May -13 $92

27 Source: Bureau of Economic Analysis Consumer Spending Improving Real Personal Consumption Expenditure Index [Index numbers, 2005=100] Seasonally adjusted

28 Source: S&P 500 / Case Shiller Recessionary Impact on Net Worth S&P 500 and Case-Shiller Home Value Indices S&P 500 Index Case-Shiller Home Value Index (year 2000 as 100)

29 Overall takeaways Golf continues to slowly recover from the effects of the Great Recession Outlook for 2013 is modestly – and cautiously– optimistic Golfs economic recovery remains dependent on the recovery of the overall economy and continued increases in consumer confidence and spending

30 State of the Industry


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