I totally get your thought process, especially with the dry exercise description in the comment you responded to. That’s maybe an approach for some people but it also doesn’t seem that sustainable.
My view on exercise is that it should give me something in the moment. That also helps keep me motivated.
So arduous hikes and bike tours aren’t something I do for the exercise, that’s just a nice side benefit. I do those because I want to get to exciting places or explore the world at a pace that makes sense.
I ride my exercise bike to keep in form and be able to do those hikes and bikes tours, even to go further and enable me to reach new places and do new things. Same with swimming, though that also helps me to clear my head and think about stuff. Both of those can potentially be boring, but at least I always feel amazing and energized afterwards.
Strength training is admittedly something I do almost exclusively for its long-term health benefits (and struggle the most with), though I also like feeling stronger and seeing my body change at least a tiny bit. Oh, and it’s an activity (as well as some Yoga and flexibility exercises) I do together with my partner, so it always has that social component.
Bouldering and badminton (both of which I absolutely suck at) also have that social component: it’s something I do with other people.
Oh, and then I don’t own a car, so my bike is my only means of getting from a to b and transporting things. So I automatically get moving that way and it never feels like wasted time or even exercise to me.
That’s much more than five hours per week spent exercising and very little of it is boring or feels like empty time that is merely an investment into my future. I do think that’s the trick to being and staying active. At least for me.