Slides
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LAYOUT Titlepage INSERT/EDIT AN IMAGE 1 If necessary, delete the existing image by using the ‘Backspace key’. Click on the pictogram to insert a new image (see example below). 2 Select the preferred image and click on ‘Insert’. Insert 3 Click with the right mouse button on the image and choose ‘Send to back’. 4 To scale or drag the image, go to the tab ‘Picture Tools - Format’ and click on the button ‘Crop’. Scale the image itself withthe spheres and scale the image frame with the brackets. Crop Send to front Send to back 1 1 BASIC-FIT INVESTOR PRESENTATION September 2026
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LAYOUT Agenda TABLE OF CONTENTS 1. RECAP H1 2026 RESULTS 2. HISTORY 3. THE OPPORTUNITY 4. OUR STRATEGY OF HIGH-QUALITY GROWTH 5. FINANCIALS
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LAYOUT 4x image GROUP HIGHLIGHTS H1 2026 Clubs Memberships Revenue Underlying EBITDA less rent 2,192 6.1 million €800 million €204 million Up 35% year-on-year Up 34% year-on-year Up 18% year-on-year Up 36% year-on-year 3
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LAYOUT 4x image HIGHLIGHTS H1 2026 Basic-Fit branded owned clubs Clubs Memberships 1,696 5.1 million Up 4% year-on-year Up 13% year-on-year Average members per club 2,999 Up 8% year-on-year 4
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LAYOUT Title only - Sand H1 2026 - FINANCIAL RESULTS Key metrics vs prior year 677 800 H1 2025 H1 2026 150 204 H1 2025 H1 2026 58 96 H1 2025 H1 2026 -8 24 H1 2025 H1 2026 -57 25 H1 2025 H1 2026 Revenue (€m) Underlying EBITDA less rent (€m) Net profit (€m)EBIT (€m) Free cash flow (€m) +18% +36% +67% + €31m + €82m 5
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LAYOUT Title only - Sand 6.1 MILLION MEMBERSHIPS 34% YoY membership growth 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 millions Franchise members Owned club members YoY membership base grew by 1.5m, driven by the Clever Fit acquisition and 576k membership growth at Basic-Fit clubs Growth was recorded in all countries: strong performance in France and Spain Membership base at Basic-Fit branded owned clubs grew by 269k in H1 2026, compared to 256k in H1 2025 and despite fewer openings Basic-Fit membership development 2016 to H1 2026 6
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LAYOUT Title only + PNG UPDATED OUTLOOK 2026* CONTINUED STRONG GROWTH IN REVENUE AND UNDERLYING EBITDA LESS RENT Continued growth of net 50 Basic-Fit owned clubs Revenue between €1.64 - €1.69 billion Underlying EBITDA less rent €430 - €460 million (was €415 - €455 million) Significant improvement in positive free cash flow *Outlook includes Clever Fit owned clubs and franchise clubs. 7
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LAYOUT Divider HISTORY
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LAYOUT Title only - Sand HISTORY OF BASIC-FIT 0 300 600 900 1,200 1,500 1,800 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 # OF CLUBS Basic-Fit HealthCity (separate entity as of 2013) 2016 Listing on Euronext Amsterdam 1984 Our team started Mid-market brand 198 clubs at peak in 2011 2013 Focus on Basic-Fit and majority investment 2019 Basic-Fit is Europe’s largest and fastest growing fitness chain 2010 Acquisition of Basic-Fit 28 low-cost format clubs 2023 Surpassed the €1 billion revenue milestone 1,696* 2025 Entering into franchising with acquisition of Clever Fit 9 *Number of Basic-Fit branded owned clubs June 2026 A long track record of growth in the fitness space
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LAYOUT Title only - Sand STRONG GROWTH IS AT OUR CORE All KPIs have double digit CAGRs between 2016 - H1 2026 419 521 629 784 905 1,015 1,200 1,402 1,575 2,151 2,192 0 400 800 1,200 1,600 2,000 2,400 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 # of clubs 1.21 1.52 1.84 2.22 2.00 2.22 2.22 3.35 4.25 5.78 6.05 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 # of memberships ('000s) 259 326 402 515 377 341 795 1,047 1,215 1,421 1,543 0 350 700 1,050 1,400 1,750 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 LTM revenue (€ million) 80 101 124 155 94 32 204 261 313 348 403 0 100 200 300 400 500 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 LTM underlying EBITDA less rent* (€ millions) 10 Note: This overview includes Basic-Fit and Clever Fit owned and franchise metrics
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LAYOUT Title only - Sand Netherlands 250 clubs Belgium 241 clubs Luxembourg 10 clubs France 902 clubs Spain 241 clubs Germany 460 clubs Austria 49 clubs Switzerland 23 clubs Slovenia 15 clubs Croatia 1 club BASIC-FIT: THE LEADING GYM OPERATOR IN EUROPE 10 countries 2,192 clubs 6.1M+ members ~10,000 employees 11 Note: Numbers are as at 30 June 2026 Note: 2,192 clubs consist of 1751 owned clubs and 441 franchise clubs
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LAYOUT Divider THE OPPORTUNITY
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LAYOUT Title only - Sand INCREASING AWARENESS OF HEALTH & WELLNESS The gym as a social hub for young adults 13 MILLENNIALS & GEN Z • Gen Z prioritises fitness spending over pubs and restaurants • Fitness influencers are driving gym discovery and engagement RISING GLP-1 USE 52% of adults over 18 in Europe are overweight today $74B → $315B global GLP-1 drug market, 2026–2035 (+17.5% CAGR) 20–40% → 11% Share of weight loss from muscle can be cut in half when GLP-1 use is combined with proper exercise Strength training matters for GLP-1 users Sources: McKinsey & Company; Eurostat 2025 data, towardshealthcare.com GLP-1 market size 2025-2035 (USD Billion) 62.9 73.9 86.8 102.0 119.8 140.8 165.4 194.4 228.4 268.4 315.3 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
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LAYOUT Title only - Sand EUROPEAN FITNESS MARKET STILL IMMATURE Providing access to high value & low-price fitness drives membership growth in immature markets 21% 20% 18% 15% 14% 10% 18% 15% 14% 11% 10% SE DK NL UK CH DE AT ES FR IT BE 0% 5% 10% 15% 20% 25% 2026 MEMBERSHIP PENETRATION Fitness membership penetration in the US: 23% 14 Source: Deloitte and EuropeActive 2026 Health Club Consumer Report & IHRSA Basic-Fit’s markets of presence
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LAYOUT Title only - Sand FRAGMENTED COMPETITIVE LANDSCAPE WITH LIMITED NUMBER OF HVLP FITNESS CHAINS 2194 721 450 450 420 345 287 270 264 230 230 121 0 500 1,000 1,500 2,000 2,500 Avg club size (m²) 1,300 – 1,500 900 – 1,900 700-1,900 1,000 – 2,500 500 – 600 300 – 1,500 n/a n/a 750-1,400 1,200– 2,000 n/a 1,500– 2,000 Franchise Hybrid In Asia Mainly Mainly Mainly Mainly No No No No No No Countries HQ based 13210 2346 5 4 1 2 15 15 Source: company websites (Aug 2026), company information and Deloitte and EuropeActive – European Health & Fitness Market 2026
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LAYOUT Divider OUR STRATEGY OF HIGH-QUALITY GROWTH
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LAYOUT Title only A NEW ERA, A NEW FOCUS 17 RAPID SCALE UP (2016-19) Focus on rapid roll-out of new owned clubs in very immature European fitness market Average annual growth rates of >20% GROWTH & HIGH-QUALITY RETURNS (2025-30) European fitness market still underpenetrated Multi vertical approach Focus on profitable and capital-efficient growth Operational excellence ROCE target medium-term low to mid teens PANDEMIC & RECOVERY (2020-24) Maintain high pace of club growth Margins impacted by government-imposed COVID measures and higher inflation From pure growth to high-quality growth Note: ROCE is defined as EBIT divided by total assets minus current liabilities
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LAYOUT Title only - Sand SHIFT IN EMPHASIS TO DELIVER GROWTH AND ROCE ENHANCEMENT IN THE NEW ERA 18 NEW ERA POWERED BY A MULTI- VERTICAL GROWTH STRATEGY THAT CREATES OPTIONALITY ORGANIC INORGANIC FRANCHISE NEW ERA OBJECTIVE Deliver continued growth, with an enhanced focus on profitability, cash generation & capital efficiency
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NAME OF THE LAYOUT PRIMARY COLOURS CHART COLOURS GRADIENT COLOURS EDIT ‘GO FOR IT!’ TEXT 1 Go to the tab ‘View’ and click on ‘Slide Master’. 2 Go to the first, larger, slide and change or delete the ‘GO FOR IT’ text frame CHECK ALL LAYOUTS IF THE TEXT FRAME IS CHANGED OR DELETED TEXT + IMAGE | L CHOOSING TEXT LEVELS 1 Bullet 2 Under the tab ‘Home’, use the list level-buttons to choose a text level. Choose from: o Sub - bullet #1 3 − Sub - bullet #2 4 Plain text 5 HEADER #1 6 1. Numeric bullet7 a. Alphabetic bullet8 − Sub - bullet9 HEADER #2 WANT TO KNOW MORE? Go to the instruction slide ‘VIDEO INSTRUCTIONS’. You’ll find it at the beginning of the presentation or insert it via ‘Home’ > ‘New Slide’. Home Text level up Text level down INSERT/EDIT AN IMAGE WANT TO KNOW MORE? Go to the instruction slide ‘VIDEO INSTRUCTIONS’. You’ll find it at the beginning of the presentation or insert it via ‘Home’ > ‘New Slide’. 1 If necessary, delete the existing image by using the ‘Backspace key’. Click on the pictogram to insert a new image (see example below). 2 Select the preferred image and click on ‘Insert’. Insert 3 Click with the right mouse button on the thumbnail display of the slide on the left side of the screen and choose ‘Reset slide’. 4 To scale or drag the image, go to the tab ‘Picture Tools - Format’ and click on the button ‘Crop’. Scale the image itself with the spheres and scale the image frame with the brackets. Crop Layout Reset slide 24/09/2026 ORGANIC GROWTH (1) Cluster strategy enhances market position and increases penetration Cluster strategy • A club can be built in a catchment area with at least 30K inhabitants • The number of clubs that we open in an area depends on the total membership potential • Simultaneous fit-out of cluster clubs • Operational advantages for regional managers and marketing synergies • Optimally set to benefit from increase in fitness penetration 19 Example city with 100k inhabitants and 3 Basic - Fit clubs
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LAYOUT Title only ORGANIC GROWTH (2) 20 Detailed analysis is fundamental for achieving a mature ROIC of >30% Drive Time Analysis Inhabitants Age distribution Other demographi cs Fitness penetration Competitors Competitor analysis Market share Members
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LAYOUT Title only - Sand INORGANIC GROWTH Bolt-on acquisitions in growth countries 21 BOLT-ON M&A Target criteria • Focus on DACH region • Small to medium sized fitness chains (5-40 clubs) • Similar club characteristics • EBITDA growth opportunity and ROCE enhancing Strategic rationale • Reach scale and brand presence faster in new markets • Acquiring clubs with an already mature member base, avoiding start-up losses CASE STUDY: WELLYOU ACQUISITION (GERMANY) Transaction highlights • Expands Basic-Fit's German footprint from 74 to 115 owned clubs • Rebranding accelerates path to 200 branded clubs in Germany — the critical mass for strong brand recognition to unlock national marketing Basic-Fit branded clubs Clever Fit branded owned clubs wellyou branded clubs
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LAYOUT 3x pillar Monetising our technology stack and automation capabilities Accelerated, capital-light growth Higher return on capital employed FRANCHISING: CAPITAL-LIGHT EXPANSION 7% royalties, 4% group marketing contribution* Service fees: inhouse developed technologies Commissions: scale-driven discounts, shared with franchisees Focus on France and Germany Controlled site selection and network optimisation Potential franchising owned clubs to kickstart franchise growth 22 RATIONALE BUSINESS MODEL ROLLOUT * Royalties and marketing contributions may vary and could initially be lower to speed up growth
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LAYOUT Title only - Sand RETURN ON CAPITAL IS KEY GUIDING PRINCIPLE GROUP ROCE Low to mid-teens %* Main return metric for the group, reported annually Defined as group EBIT divided by total assets minus current liabilities Measured on a group level SITE ROIC >30% at maturity Guiding principle for organic investment decisions on a club level Defined as the average mature club EBITDA less rent divided by the average initial investment per club Mature ROIC of mature clubs reported on annual basis 23 * Medium-term ROCE target
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LAYOUT 4x pillar CAPITAL ALLOCATION HIERARCHY ORGANIC INVESTMENT FOR GROWTH New club rollout Club maintenance INORGANIC INVESTMENT FOR GROWTH Small bolt-on M&A Group ROCE enhancing in medium term BALANCE SHEET EFFICIENCY Capital light growth provides financial flexibility Leverage ratio to decrease to <2x SHAREHOLDER DISTRIBUTIONS Potential to return capital to shareholders 1 2 3 4 Focused on quality growth with leverage declining toward <2x 24
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LAYOUT Title only - Sand MARKET OPPORTUNITY Fitness penetration & white space: European market is clear growth market Fragmented landscape: scale through consolidation Healthy lifestyle: Gen z and millennials driving demand DISCIPLINED FINANCIAL APPROACH Growth: steady, reliable growth ROCE: enhanced Group return on capital Capital allocation: disciplined financial outlook and capital allocation BASIC-FIT UNIQUELY POSITIONED TO DELIVER Strongest brand: largest HVLP fitness operator in Europe Digital leadership: best-in-class tech and data enabled operations Superior club economics: cash flow breakeven at 1500 members per club MULTI-VERTICAL APPROACH FOR GROWTH Organic: steady, reliable returns Inorganic: enhance market leadership in key markets Franchise: capital light model, longer-term BALANCED GROWTH STRATEGY DRIVING RETURNS 25 NEW ERA OF HIGH QUALITY GROWTH
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LAYOUT Divider FINANCIALS
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LAYOUT Title only - Sand GROWTH ACROSS ALL METRICS Continued revenue growth drives strong operating leverage 795 1,047 1,215 1,421 1,640– 1,690 2022 2023 2024 2025 2026E 204 261 313 348 430– 460 2022 2023 2024 2025 2026E -130 -100 -88 26 Significantly higher* 2022 2023 2024 2025 2026E Revenue (€m) Underlying EBITDA less rent (€m) Free cash flow (€m) 27 * Free cash flow 2026E bar illustrates the direction of improvement only and is not to scale;.
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LAYOUT Title only - Sand REVENUE GROWTH Three pillars drive Basic-Fit’s continued revenue growth 28 Growth in clubs • Continued disciplined organic growth • Inorganic growth by small bolt- on M&A focused on growth markets • Franchising offers accelerated capital-light growth More members per club • Clubs mature on a proven, predictable curve • Mid-term target of 3,200 members per club • Potential for further membership growth utilising club capacity Higher yield per member • Higher take-rate of Ultimate memberships • Value-added services (PT, physio, vending) add incremental yield beyond core membership fees. 1 2 3
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LAYOUT Title only - Sand OPERATING LEVERAGE 29 Memberships per club growth to result in additional €150 million EBITDA €300 Annual fee per member 300 Estimated incremental members per club €90K Revenues per club 1.7K Clubs YE 2025 zero incremental cost · zero new capex · 100% cash conversion > €150MX =X = A PROVEN BUSINESS MODEL… Every additional member generates pure incremental cash, flowing directly into EBITDA at ~zero marginal cost, enhancing the ROCE As network matures, average members per club will see an increase in memberships FY2024 FY2025 Medium-term 2.7K Members x Club 2.9K Members x Club 3.2K Members x Club +300 Estimated incremental members
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LAYOUT Title only - Sand CAPEX OVERVIEW Expansion Capex • We expect FY 2026 capex spent of €1.4-€1.5 million on average per newly built club • Each new club is only built if we expect a ROIC of at least 30% at maturity Maintenance Capex • We expect FY 2026 maintenance capex of approximately €60k per club • Relates to capex to maintain the club and replace or refurbish fitness equipment Other Capex • We expect FY 2026 other capex of approximately €25 million • This includes investments in innovations, sustainability programmes and software development 30
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LAYOUT Title only - Sand WELL FINANCED TO MEET FUTURE DEBT OBLIGATIONS Future debt maturity ( €m) New €308 million CB to mature in 2031; replacing more expensive short term bank facilities Financial flexibility to execute multi-vertical growth strategy Main bank facility to mature in 2029 166 308 180 70 730 2026 2027 2028 2029 2030 2031 Convertible bond Bilateral SFA 31
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LAYOUT Titlepage INSERT/EDIT AN IMAGE 1 If necessary, delete the existing image by using the ‘Backspace key’. Click on the pictogram to insert a new image (see example below). 2 Select the preferred image and click on ‘Insert’. Insert 3 Click with the right mouse button on the image and choose ‘Send to back’. 4 To scale or drag the image, go to the tab ‘Picture Tools - Format’ and click on the button ‘Crop’. Scale the image itself withthe spheres and scale the image frame with the brackets. Crop Send to front Send to back 32 THANK YOU!
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LAYOUT TEXT CHOOSING TEXT LEVELS 1 Bullet 2 Under the tab ‘Home’, use the list level-buttons to choose a text level. Choose from: o Sub-bullet #1 3 − Sub-bullet #2 4 Plain text 5 HEADER #1 6 1. Numeric bullet7 a. Alphabetic bullet8 − Sub-bullet9 HEADER #2 WANT TO KNOW MORE? Go to the instruction slide ‘VIDEO INSTRUCTIONS’. You’ll find it at the beginning of the presentation or insert it via ‘Home’ > ‘New Slide’. Home Text level up Text level down This presentation contains certain forward-looking statements with respect to the financial condition, results of operations andbusiness of Basic Fit N.V. and its subsidiaries (referred to as 'the company') and certain of the plans and objectives of the company with respect to these items. The words "believes", "expects", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positioned" or "anticipates" and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the company's intentions, beliefs or current expectations concerning, among other things, the company's results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the company operates. The forward-looking statements in this presentation are based on numerous assumptions regarding the company's present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may causethe actual results, performance or achievements of the company to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the company's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour ofother market participants, the actions of regulators and other factors such as the company's ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the company operates or in economic or technological trends or conditions. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. This presentation contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the company's business and markets. Unless otherwise indicated, such information is based on the company's analysis of multiple sources, as well as information obtained from (i) experts, industry associations and data providers; and (ii) publicly available information from other sources, such as information publicly released by our competitors. To the extent available, any industry, market and competitive position data contained in this presentation has come from official or third party sources. While the company believes that each of these publications, studies and surveys has been prepared by a reputable source, the company has not independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this presentation come from the company's own internal research and estimates based on the knowledge and experience of the company's management in the markets in which the company operates. While the company believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and aresubject to change without notice. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. All projections, valuations and statistical analyses are provided to assist the recipient in the evaluation of the matters described herein. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and to the extent that they are based on historical information, they should notbe relied upon as an accurate prediction of future performance. The forward-looking statements contained refer only to the date in which they are made, and the company does not undertake any obligation to update any forward-looking statements. By attending the meeting where this presentation is made or by accepting a copy of this presentation, you agree to be bound by the foregoing limitations. 24 September 2026 DISCLAIMER 33