Brockhaus Technologies : Company Presentation March 2024

The Gateway into German Mittelstand

Technology Champions

March 2024

Elevating Champions

Building one of Germany's leading technology groups

Acquisitions

Value creation

Long-term growth

>20 years track record of delivering superior returns to investors

Inception of Brockhaus Capital

2017

2014

2001 Launch of Brockhaus Private Equity I

2007 Launch of Brockhaus Private Equity II

Launch of Brockhaus Private

Equity III

Fully realized 2023

Management

Closed 2015

Closed 2019

2.1x 26%

2.8x 33%

Acquisition

2021 Renaming in Brockhaus Technologies

4 add-on acquisitions

Sale

2024+

Gross multiple

IRR

2.6x 53%1

7 Companies

5 Companies

Long-term oriented technology group

7 Companies1

Ability to fully participate in subsidiaries' growth potential

Sustainable profitable growth and reinvestment of cash flows

Note: Gross multiple refers to sales proceeds from disposal divided by historical acquisition costs. IRR refers to internal rate of return. Gross figures do not take into accounts costs and fees incurred holding or selling a company.

1. Excl. venture capital investments

Note: For definitions and detailed explanations of the alternative performance measures, please refer to page 85 onwards of our 2022 Annual Report. 1. Preliminary, unaudited figures as per FY 2023.

Exceptional team, incentivized to increase shareholder value

Brockhaus Technologies team

Owning ~23%of BKHT share capital

Subsidiary management

Owning ~7% of BKHT share capital

Supervisory board

Owning <1% of BKHT share capital

Bastian Krause

Co-CEO

Dr. Othmar Belker

Chairman

= Invested in Brockhaus Technologies

Paul Sinizin

Co-CEO

Michael Schuster

Vice-Chairman

Stephan Garabet

Michael Maretzke

CFO

CTO

Martin Bestmann

Member

Dr. Nathalie Krebs

Member

Dr. Enno Littmann

CEO

Prof. Dr. Christoph

Hütten Member

Michael Spatny

CSO

Matthias Memminger

Member

KPIs by segment as per 9M 2023 (pro forma)

Financial Technologies

Security Technologies

€ thousandPro forma

9M 2023

9M 2022

9M 2023

84,967

Revenue	113,185	84,967
Revenue growth	33.2%
Gross Profit	72,973	53,173
Gross Profit Margin	64.5%	62.6%
Adjusted EBITDA	51,832	39,148
Adjusted EBITDA Margin	45.8%	46.1%
Adjusted EBIT	49,708	37,842
Adjusted EBIT Margin	43.9%	44.5%

37,842

53,173

39,148

29,500	24,096
22.4%
22,024	17,709
74.7%	73.5%
7,787	5,395
26.4%	22.4%
6,743	4,549
22.9%	18.9%

17,709

Total cash and cash equivalents of €74.5 million as per end of September 2023

Note: For further information, please refer to page 4-5 of our Quarterly Statement 9M 2023.

Central Functions and Consolidation

9M 2022

9M 2023

9M 2022

24,096

2

5,395

4,549

(1)	2
-
265	180
(4,474)	(3,739)
(4,564)	(3,834)

180

Group

Pro forma

9M 2023

9M 2022

109,065

142,684	109,065
30.8%
95,262	71,062
66.8%	65.2%
55,145	40,804
38.6%	37.4%
51,887	38,557
36.4%	35.4%

71,062

40,804

38,557

Very solid balance sheet composition

Net debt calculation as per 9M 2023

(€ million)

Net debt from loans

Debt from loans

Note: For further information, please refer to page 6 and 19 of our Quarterly Statement 9M 2023.

Cash and cash equivalentsOther financial liabilitiesNet debt from leasing

Net debt (Sep 30, 2023)

Highlights

Available financing capacity driven by significant deleveraging allows for future growth through new acquisitions

Very conservative leverage ratio of ~0.3x adj. EBITDA (LTM) (target value of ~2.5x)High balance sheet quality underlining resilience of our business

Indicative exemplary calculation of existing, non-dilutive financing capacity as per 9M 2023

1.

As per September 30, 2023; Adj. EBITDA (LTM) as per September 2023 of €61.7m

(€ million)

~135

1

Net Debt Today

Target Net Debt

Financing Capacity

Group Forecast FY 2023

Well on track building one of Germany's leading technology groups

1.

Not adjusted for PPA effects; for details on the alternative performance measures, please refer to page 85 onwards of our 2022 Annual Report.