PRELIMINARY & CONFIDENTIAL April 25, 2019 TRK Offer Benchmarking

PRELIMINARY & CONFIDENTIAL 2 Offer Comparison Note: Aggregate value includes all outstanding sharesNASCAR offer letter to ISC (11/8/2018)Sonic Financial Corporation offer letter to TRK (4/23/2019) Current cash offer of $45 per share for shares not owned by controlling shareholders of NASCAR, the “Family Stockholders”– France Family Group has ~42% of the economic ownership and ~75% of the voting ownershipRepresents implied AV of ~$1,955MMAcquisition rationale: “We believe the industry would benefit from structural change in order to best position the sport on a going forward basis. This will require significant time, effort, and investment. We believe that this transformation will be best undertaken as a private company. Moreover, we believe that the consolidation of the ownership of ISC and NASCAR, as private companies guided by the Family Stockholders, is in the best interests of all constituents of the sport and will position motorsports for long- term success and viability.”Offer states that “the Family Stockholders…have no interest in selling any shares of ISC common stock owned by them. The Family Stockholders would not expect, in their capacity as shareholders of ISC, to vote in favor of any alternative sale, merger or other extraordinary corporate transaction involving the Company.” Initial cash offer of $18 per share for shares notowned by the “Smith Group”– Smith Group has ~70% of the economic and voting ownershipRepresents implied AV of ~$857MMAcquisition rationale: “As you know, NASCAR racing has faced several challenges in recent years, and the Company has been impacted by these challenges. NASCAR has indicated the sport would benefit from structural change. We believe TRK would be more able to compete in this challenging and changing environment as a private company.”Offer states that “[the] Proposal should not be construed as indicating an interest in participating in any alternative change of control transaction involving the Company. The Smith Group, in their capacities as shareholders, have no interest in selling control of TRK.” France Family | ISC (1) Smith Family | TRK (2)

PRELIMINARY & CONFIDENTIAL Multiples Comparison Note: Unaffected dates are 4/22/2019 and 11/9/2018 for TRK and ISC, respectivelyNTM consensus estimates as of unaffected datesCalculation assumes net debt of $120MM and FDSO of 41MM for TRK, ($16MM) and 44MM for ISC, respectively 3 TRK ISC Unaffected Offer Unaffected Offer Price $13.70 $18.00 $39.06 $45.00 NTM EPS (1) $0.95 $1.97 Implied P/E 14.4x 18.9x 19.9x 22.9x NTM EBITDA (1) $115.8 $239.3 Implied AV / EBITDA (2) 5.9x 7.4x 7.1x 8.2x

PRELIMINARY & CONFIDENTIAL TRK Share Price Performance and Trading Volume Source: CapIQ as of 4/24/2019(1) Public float of ~11.4MM shares per CapIQ 4 $13.94 $16.26 12.00 14.00 16.00 18.00 20.00 Jan-19 Jan-19 Jan-19 Jan-19 Feb-19 Feb-19 Mar-19 Mar-19 Mar-19 Apr-19 Apr-19 Apr-19 Smith Group Offer Price : $18.00 TRK Share Price($USD) Current:$18.55 3/13/2019: Announced FY18 earnings; issued FY19 guidance 4/23/2019: Pre Smith Group public offer at $18 per share 4/24/2019: TRK share price increases 33% on news of offer; Daily trading volume increases >10x to 690K (~6% of public float) (1)

PRELIMINARY & CONFIDENTIAL M&A Premiums Analysis Comparison 5 $45 per share represents a 15.2% premium to the 1 Day Unaffected price of $39.06 A 15.2% premium to the 1 Day Unaffected price ranks in the 36th percentile of comparable transactions for this metric (i.e., 36% of the relevant comparable transactions were completed at this premium or lower) Offer Price Premiums / Discounts1 Day 30 Day LTM High Unaffected Unaffected (Closing)VWAP 1 Day Unaffecte Percentiles30 Dayd UnaffectedVWAP LTM High (Closing) Metric: $39.06 $37.27 $47.15 $39.06 $37.27 $47.15 $45.00 15.2% 20.8% (4.6%) 36.4% 26.8% 10.4% Criteria: US Deals; $1Bn - $10Bn Transaction Value; 100% Cash Consideration; Public Company Target; All Industries Excluding Real Estate, Financials, Utilities, Technology, BioTech and Energy; 2016-2018Source: CapIQ, SEC Filings (1) Per CapIQ Offer Price Premiums / Discounts1 Day 30 Day LTM High Unaffected Unaffected (Closing)VWAP 1 Day Unaffecte Percentiles30 Dayd UnaffectedVWAP LTM High (Closing) Metric: $13.70 $14.21 $18.17 $13.70 $14.21 $18.17 $18.00 31.4% 26.6% (0.9%) 82.6% 51.1% 21.1% ISC TRK

PRELIMINARY & CONFIDENTIAL 6 TRK Historical Trading Company has traded at ~18.0x forward earnings and ~7.5x NTM EBITDA Share Price (1) AV / NTM EBITDA Forward P/E 10.0x9.5x9.0x8.5x8.0x7.5x7.0x6.5x6.0x5.5xApr-14 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Apr-17 Oct-17 Apr-18 Oct-18 Apr-19 60%: 7.6xMedian: 7.5x40%: 7.3xCurrent: 5.8x $14 $16 $18 $22$20 $28$26$24 $12Apr-14 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Apr-17 Oct-17 Apr-18 Oct-18 Apr-19 60%: $19.06Median:$18.43 40%: $18.06Current:$13.70 15.0x 17.0x 19.0x 25.0x23.0x21.0x 13.0xApr-14 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16Note: Current multiple based on consensus projections; Summary statistics for five years prior to initial offer date Source: CapIQ as of 4/24//2019 (using 4/22/2019 as latest day)(1) Closing share price for each trading day Apr-17 Oct-17 Apr-18 Oct-18 Apr-19 60%: 18.6xMedian: 17.7x40%: 17.2xCurrent: 14.4x Projections not available

PRELIMINARY & CONFIDENTIAL TRK Shareholder Analysis Over Time Source: CapIQ as of 4/24/2019(1) Represents estimated cost basis based on acquired shares 7 Holder Name Sonic Financial Corporation OBS Holdings 12/30/16 3/30/17 6/30/17 9/30/17 12/30/17 3/30/18 6/30/18 9/30/18 12/30/18- - - - - - - - -- - - - - - - - - Cum. r in Shares Cost Basis of (1) Ownership Last 9 Quarters Shrs. Acquired Shares %- $37.63 23,700,000 58.1%- $17.22 5,300,000 13.0% Dimensional Fund Advisors 3,499 24,655 27,458 (27,083) 32,028 37,126 20,728 17,240 18,912 154,563 $22.88 3,258,252 8.0% The Vanguard Group 44,050 37,153 64,192 (10,533) 49,504 (22,293) 18,089 65,991 (128,237) 117,916 $25.34 1,010,660 2.5% BlackRock 70,270 (1,748) (10,555) 10,477 6,636 (639) 13,784 3,435 78,404 170,064 $17.08 800,907 2.0% Patient Capital Management - - - - - - - - - - $16.33 440,046 1.1% Norges Bank Investment Management - - 10,000 387,166 - - - - (213,449) 183,717 $22.81 429,066 1.1% Renaissance Technologies 41,600 (29,300) (25,800) 6,700 44,400 (1,400) 91,600 1,223 26,865 155,888 $25.51 416,788 1.0% State Street Global Advisors 8,819 (41,373) 7,871 6,025 6,225 7,509 (8,582) 3,441 (2,277) (12,342) $27.28 238,576 0.6% Brooks, William R. (Vice-Chairman, CFO & Treasurer) - 15,179 - - - 15,330 - - - 30,509 $25.10 232,421 0.6% Bridgeway Capital Management - - - 25,000 - - 24,900 - (38,407) 11,493 $19.59 226,256 0.6% BNY Mellon Asset Management 19,727 7,454 (2,083) 2,283 65,564 2,004 5,301 9,134 (70,478) 38,906 $26.65 220,976 0.5% Northern Trust Global Investments (860) (172) 6,539 (5,206) (46,495) 3,595 13,034 3,764 2,097 (23,704) $23.90 177,987 0.4% Potrero Capital Research - (2,949) 23,767 - 16,902 - (34,082) (23,963) (76,951) (97,276) $19.07 170,528 0.4% AXA Investment Managers 28,510 37,648 32,000 14,316 39,420 - 14,509 - (28,751) 137,652 $27.86 162,289 0.4% PanAgora Asset Management (7,319) - 13,825 51,285 48,144 40,525 (736) 2,607 300 148,631 $21.07 155,950 0.4% North Star Investment Management Corporation 5,000 40,590 12,300 (350) - 3,126 8,000 10,500 15,500 94,666 $18.67 151,592 0.4% J.P. Morgan Asset Management 1,146 7,691 (18,584) (4,480) (3,985) (16,287) (15,674) 4,075 (4,650) (50,748) $29.18 143,950 0.4% Geode Capital Management 588 3,270 2,594 802 1,161 2,804 5,226 2,916 6,392 25,753 $22.16 119,940 0.3% Alambic Investment Management (3,963) 6,005 - (405) 582 (15,982) - - 82,376 68,613 $17.10 82,376 0.2% Marshall Wace - - - - - - - 12,478 62,217 74,695 $16.67 74,695 0.2% Arrowstreet Capital 30,244 13,000 (180) 5,200 53,502 (10,405) (10,753) (4,265) (16,053) 60,290 $19.97 70,517 0.2% PGIM - 1,793 10,600 (9,941) (8,255) (11,390) (670) 4 1,111 (16,748) $23.18 70,435 0.2% First Quadrant 22,107 26,846 (21,934) 5,391 6,294 (11,549) 30,992 1,168 7,558 66,873 $19.11 66,873 0.2% Charles Schwab Investment Management 2,002 2,223 9,747 (5,638) 4,178 1,521 8,896 3,687 (816) 25,800 $27.50 65,715 0.2% Top 25 Holders 265,420 147,965 141,757 451,009 315,805 23,595 184,562 113,435 (278,337) 1,365,211 $22.81 37,786,795 92.6% Average Price Over Quarter $19.59 $20.80 $18.24 $20.12 $20.37 $19.32 $17.48 $17.63 $16.47