Bailador Technology Investments Ltd · ASX:BTI
Bailador Technology Investments — Shareholder Meeting (October 2026)
30 slides from Bailador Technology Investments's shareholder meeting presentation, Oct 13, 2026
Slide 1: Annual General Meeting
rsonal use only Annual General Meeting Tuesday, 13 October 2026 Bailador Technology Investments Limited | ASX: BTI
Slide 2: Presented by David Kirk
rsonal use only Presented by David Kirk Bailador Co-Founder & Managing Partner 2
Slide 3: The Bailador Board
The Bailador Board David Kirk Andrew Bullock Executive Chairman Non-Executive Director rsonal use only • Appointed 2014 • Appointed 2014 • Re-election this AGM (Resolution 2) • Chair of Audit and Risk Committee • Re-elected October 2025 Paul Wilson Jolanta Masojada Executive Director Non-Executive D
Slide 4: Access to high-growth expansion-stage technology companies
rsonal use only Bailador provides investors with access to high-growth expansion-stage technology companies at attractive valuations. 4
Slide 5: Our business model is designed to generate premium returns
Our business model is designed to generate premium returns rsonal use only Investing Growing Realising ・ $7.6m in follow-on ・ $18m gain on investments ・ $25m partial realisation of investments SiteMinder ・ Updoc paying dividends Driving shareholder returns 5
Slide 6: Investing in on-going growth
Investing Growing Realising Investing in on-going growth rsonal use only DASH → $5m follow-on investment → Valuation 21% above original entry price In FY26 Bailador after $9.5m write down in FY26 invested $7.6m in existing portfolio Rosterfy → $2.5m follow-on investment at same valuation as previous
Slide 7: Growth in Bailador's private investments is strong
Investing Growing Realising Growth in Bailador’s private investments is strong rsonal use only $735m 32% ~63% ~82% portfolio company portfolio company gross margin2 recurring revenue2 revenue1 revenue growth2 Note: 1Based on unaudited revenue over the 12 months to 30 June 2026 for the underlying com
Slide 8: Realising cash
Investing Growing Realising Realising cash Bailador realised $28m rsonal use only in FY26 14 CASH REALISATIONS FY26 FROM INCEPTION SiteMinder Updoc DASH 3.5x 23.2% $25m $0.7m $2.5m Realised at Cash franked repayment of AVERAGE MOIC1 AVERAGE IRR1 36.9% IRR dividends debt facility Bailador’s track rec
Slide 9: Performance highlights for 2026
Driving shareholder returns Performance highlights for 2026 3.5c per share 9.5% 24.8c per share rsonal use only Final Dividend Declared1 Grossed-Up Dividend yield2 Cash Dividends over last 3 years3 (FY25; 3.6c) (FY25; 8.1%) $1.61 per share 8.2% 7.5% Post-tax NTA4 Average Grossed-up Gross Portfolio R
Slide 10: Portfolio outperforming in a challenging macro environment
In a challenging macro environment Driving shareholder returns the Bailador portfolio is outperforming 120 rsonal use only 110 In addition, Bailador paid 7.5c per share to shareholders in fully franked dividends 100 –4.9% 90 –17.0% 80 –24.0% 70 –35.2% 60 50 Jun-25 Dec-25 Jun-26 BTI share price S&P/A
Slide 11: Capital returns enhanced by fully franked dividends
Driving shareholder returns Capital returns enhanced by fully franked dividends Target 4%pa of pre-tax NTA Strong, stable, fully-franked rsonal use only returned to shareholders dividend stream $0.10 • Ongoing commitment 10.0% $0.09 $0.08 • Paid half-yearly $0.07 8.0% $0.06 • Fully-franked with fran
Slide 12: Summary profit and loss
Driving shareholder returns Summary profit and loss FY26 FY25 $000 $000 rsonal use only Strong performance across private investment Change in value of portfolio assets 17,909 38,175 portfolio Interest income 664 1,478 Total investment growth 18,573 39,653 Management fee (4,945) (4,692) 1.75% manage
Slide 13: Summary Financial Position
Driving shareholder returns Summary Financial Position FY26 FY25 Movement $000 $000 $29m realised, ($7.6m) invested, ($8.3m) dividends, ($13.6m) FY25 income tax & perf fee + rsonal use only Cash 14,057 14,922 (865) FY26 operating expenses Marketable securities 43,872 64,327 (20,455) $25m partial rea
Slide 14: Commitment to ESG principles
Commitment to ESG principles • Bailador has a long-term sustainability framework and goals • Bailador is measuring, managing and mitigating carbon emissions we are directly responsible for rsonal use only Scope 1 Emissions Scope 2 Emissions Scope 3 Emissions 0 (Zero) 4.23 tonnes of CO2e 4.02 tonnes
Slide 15: Presented by Paul Wilson
rsonal use only Presented by Paul Wilson Bailador Co-Founder & Managing Partner 15
Slide 16: The BTI portfolio at 31 August 2026
The BTI portfolio consists of Private companies, Companies BTI has listed and held, & Cash rsonal use only Public $33m ~$256 million Private $210m The BTI portfolio at 31 August 2026 16
Slide 17: Portfolio delivered $17.9m in gains at a gross return of 7.5%
Bailador’s portfolio delivered $17.9m in gains at a gross return of 7.5% FY26 Private Portfolio movements rsonal use only ↑ $8.3m1 ↑ 22% ↑ $8.7m ↑ 69% ↑ $2.0m ↑ 17% ↑ $5.0m ↑ 50% ($9.0m)2 (20%) ($1.6m) (100%) Total private portfolio ↑ $13.4m FY26 Public Portfolio movements ↑ $6.1m3 ↑ 10% ($1.5m) (42
Slide 18: Updoc digital healthcare platform
Digital healthcare platform connecting consumers who need medical services with registered health practitioners via a telehealth offering Continued strong performance with rsonal use only valuation up 21% in FY26 and up 124% since May 2024 investment. • Exceptional high-quality revenue growth • Offe
Slide 19: SiteMinder hotel channel management
World leader in hotel channel management and distribution solutions for online accommodation bookings SiteMinder’s operating performance is strong although CY26 share price performance has rsonal use only been impacted by broader tech stock declines • ASX listed hotel commerce platform with very str
Slide 20: DASH financial advice software platform
Financial advice and investment management software platform used by independent financial advisors and financial institutions rsonal use only 21% above original equity entry price • Serves the $1tn investment platform market • White label offering with Macquarie Wrap platform rolling out • Multi aw
Slide 21: Rosterfy volunteer management software
Volunteer management software platform that connects communities to events and causes they are passionate about rsonal use only $4.4m total gains on investment • Addressing a large market of 2m+ charities & 95m volunteers globally • Solving the need for Not-For-Profits to recruit, train, and retain
Slide 22: PropHero property investment platform
AI-enabled property investment platform that helps individuals source, purchase, and manage investment properties rsonal use only 69% uplift in FY26 • $12.5m invested in Feb-25 • Globally addressable market • Compelling consumer proposition • Established revenue scale • Attractive growth economics •
Slide 23: Fitness and wellness software platform
End-to-end software platform focused on the fitness and wellness sector Valuation up 17% in FY26 and rsonal use only 76% since Aug-24 investment • Addressing market of 200,000+ gyms and fitness studios • Already operating in 17 countries • Bailador invested $7.7m alongside OIF Ventures • Carrying va
Slide 24: Digital healthcare provider
Digital healthcare provider Valuation up 50% in FY26 rsonal use only • Strong performance in a sector with strong structural tailwinds • Strong revenue growth and profitable • Expanding verticals with women’s healthcare and successfully launching into New Zealand • Carrying value increased by $5.0m
Slide 25: Access to high-growth expansion-stage technology companies
rsonal use only Bailador provides investors with access to high-growth expansion-stage technology companies at attractive valuations. 25
Slide 26: Contact Bailador
rsonal use only www.bailador.com.au investorservices@bailador.com.au +61 2 9223 2344 Subscribe for Bailador updates Bailador Technology Investments Limited | ASX: BTI
Slide 27: ASX Release: Chair's Address by David Kirk
ASX Release Tuesday, 13 October 2026 For personal use only Bailador Technology Investments Limited AGM 2026 Chair’s Address by David Kirk Page 4 - Bailador provides investors with access to high-growth expansion-stage technology companies at attractive valuations I will now say a few words about per
Slide 28: Chair's Address: investing and portfolio growth
Page 6 - Investing in on-going growth Bailador invested $7.6m in existing portfolio companies through FY26. For personal use only We invested $5.0m in DASH, a cloud based financial advice and investment management platform serving independent financial advisers and financial institutions in Australi
Slide 29: Chair's Address: dividends and profit and loss
Page 11 - Capital returns enhanced by fully franked dividends Turning to how we deliver returns to shareholders, we are proud to offer a strong, stable, fully franked For personal use only dividend stream. Bailador targets 4% of its pre-tax NTA is paid to shareholders annually, paid over two half-ye
Slide 30: Further information and important notice
Further information This announcement including presentation was approved for release on 13 October 2026 by Helen Foley, Company Secretary. For personal use only About Bailador Bailador is a growth capital fund focused on the information technology sector, actively managed by an experienced team wit
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