Dr. Joseph BeditzPresident, National Golf FoundationPresident, National Golf Foundation

Golf’s Vital Signs: 2000-2006Golf’s Vital Signs: 2000-2006

ROUNDS PLAYED

GOLF FACILITY DEVELOPMENT

GOLF PARTICIPATION

Rounds Played 2001-2006Rounds Played 2001-2006

* Forecast

518.1

502.4

495.0

499.7 499.6

504.7

2001 2002 2003 2004 2005 2006*

Rounds by Facility TypeRounds by Facility Type

* Forecast

Public -1.3%

Private -5.4%

5-year change*

Same-store Sales

Rounds by Price PointRounds by Price Point

Public Courses

Premium (>$70) -1.9%

Standard ($40-$70) -2.6%

Value (<$40) -2.2%

5-year change*

* Forecast

Same-store Sales

Rounds by GeographyRounds by Geography

-4.5% -0.2%

-6.8% -1.1% -4.5%

7.9%

9.4%

-6.5%

-5.6%

-3.8%

5.3%

5-year change*

Same-store sales * Forecast

New Course OpeningsNew Course Openings

18-hole equivalents

100

284

220

171150.5

124.5

2001 2002 2003 2004 2005 2006

135

Course ClosuresCourse Closures

18-hole equivalents

140

3238

6862.5

93.5

2001 2002 2003 2004 2005 2006

YTD

Net Additions to SupplyNet Additions to Supply

18-hole equivalents

252

182

10388

31

0

2001 2002 2003 2004 2005 2006

(forecast)

Golf ParticipationGolf Participation

12.0 12.9 13.4 12.8 12.5

15.8 14.6 15.0 14.6 15.5

6.1 5.5 6.8 6.1

3.1 4.0 4.9

4.4

5.94.9

0

5

10

15

20

25

30

35

40

45

50

55

2001 2002 2003 2004 2005

Par

tici

pan

ts (

mm

)

Exclusive Range UserJ unior participantOccasionalCore

37.1 36.7 37.9 39.0 40.0

SummarySummary

• Rounds played remain stable at approximately 500 million. Slight growth likely over the next several years.

• Total participants up slightly, but Core golfers have declined somewhat, resulting in flatness in rounds played.

• New course development stabilizing at 100-150 per year. Net growth zero due to closures. Overall quality of supply gradually improving.

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