Strt Holding Nyrt. · BET:STRT
Strt Holding Nyrt — IPO Roadshow (November 2025)
42 slides from Strt Holding Nyrt's IPO roadshow presentation, November 2025
Slide 1: STRT Holding Investor Presentation
STRT HOLDING INVESTOR PRESENTATION November 2025 This presentation constitutes advertising material. The prospectus relating to the initial public offering of the shares and their admission to trading on a regulated market was approved by the Central Bank of Hungary (Magyar Nemzeti Bank - CBH) pursu
Slide 2: Introduction
INTRODUCTION Petya Balogh, CEO 2
Slide 3: STRT Vision
STRT VISION More internationally successful Hungarian & regional companies Building entrepreneurial know-how Financing big ambitions Becoming a key player in the region 3
Slide 4: STRT Operations
STRT OPERATIONS Early-stage startup investment Diverse segments: risk vs. return/growth Diversified risk: large number of portfolio companies Executive education and mentoring Internally: enhancing portfolio companies’ success Externally: strengthening entrepreneurial culture Stable revenue and cash
Slide 5: Why Now?
WHY NOW? The downturn of the Hungarian venture capital market Record-low company valuations Limited competition for the best companies Higher long-term return potential Unfilled roles in the ecosystem Opportunity to secure a market-leading position Shaping the narrative and the market 5
Slide 6: Why Us?
WHY US? Over a hundred investments Expertise and experienced team High market confidence in the profession We do it, learn it, and teach it Strong network of contacts 6
Slide 7: Why Go Public?
WHY GO PUBLIC? A quasi new “asset class” Lower entry barrier Liquidity potential Regulated market with transparent operations Funding opportunities 7
Slide 8: Investments
INVESTMENTS Péter Langmár, CIO 8
Slide 9: Early Stage
EARLY STAGE No significant revenue yet Not yet profitable Requires external financing Innovating in a new field Typically international plans High valuation potential 9
Slide 10: Early-Stage Startup Investments
EARLY-STAGE STARTUP INVESTMENTS High individual risk High failure rate Completely illiquid 10+ year horizon Requires expertise 10
Slide 11: Incubators & Investors
INCUBATORS & INVESTORS Major global examples Smart money and support Diversified portfolio Scalable business models Economies of scale 11
Slide 12: Breakthrough Areas
BREAKTHROUGH AREAS Technological and market innovation Internationally scalable Industry-agnostic ⮚ Med/HealthTech ⮚ AI ⮚ B2B/B2C SaaS ⮚ EduTech ⮚ AgriTech ⮚ Retail 12
Slide 13: How We Invest
HOW WE INVEST High number of investments, strong diversification “Evergreen”, patient investor Among the first investors Small ticket sizes, up to ~HUF 40 million Almost always co-investing Standardized terms and processes Already invested in foreign companies 13
Slide 14: Investments
sT"RT INVEST INVESTMENTS Number of investments (units) ® No. of new capital investments M™® No. of portfolio companies 100 eile . 99% 75 \\ . no * so or at "l | J 2024 2025H1 oy Of Newly allocated funds (million HUF) 60? 1,000 mFt = ot) ie) 908 mFt 750 mFt Q (gor ch? 500 mFt 461 mFt 250 mFt 53 mFt 2
Slide 15: Portfolio Value by Market Segment (2025 H1)
PORTFOLIO VALUE BY MARKET SEGMENT (2025 H1) 15
Slide 16: Portfolio companies
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Slide 17: Investment Plans
INVESTMENT PLANS Strong deal flow, limited capital Expanding co-investor partnerships Foreign portfolio companies STRT Venture Capital Fund Manager • Partial acquisition of angel and accelerator portfolios • Higher assets under • Scale-up secondaries, e.g. management Antavo • Follow-up investments •
Slide 18: Education
EDUCATION Mária Balogh-Mázi 18
Slide 19: Education target groups
Leaders: Professionals: ⮚ Company executives ⮚ Tech experts (AI, Python) ⮚ Senior executives ⮚ Marketing ⮚ Startup founders ⮚ HR ⮚ Corporate leaders ⮚ Finance ⮚ ... 19
Slide 20: Course offering
Aland Innovation Al course for leaders Al practical workshop for leaders Al PRO course for leaders Al PRO practical workshop for leaders Al & Law: The survivor's guide for leaders Sales and Marketing B2B marketing Effective marketing strategy Linkedin presence for leaders Sales automation ST'RT Stra
Slide 21: Data & Technology, Agile Methods, Leadership & Online Courses
DATA & TECHNOLOGY AGILE METHODS LEADERSHIP & ONLINE COURSES AI FOR BUSINESS SCRUM MASTER ONLINE STRATEGY PROMPTS FOR BREAKFAST DATA SCIENCE PRODUCT OWNER MASTERCLASS OKR: STRATEGY EXECUTION MADE SCRUM MASTER ONLINE SIMPLE AI TECHNOLOGY DESIGN THINKING GOOGLE ANALYTICS 4 AGILE JETPACK FOR LEADERS PYT
Slide 22: Educational Results
EDUCATIONAL RESULTS 2025 H1 • +63% revenue vs. 2024 H1 • 1,600+ participants • Integration of Kürt Academy • Launch of the Season Pass product 2020–2022: sum of audited standalone figures of group member companies 2023–2024: consolidated audited figures of the group 22
Slide 23: Financials
FINANCIALS István Nagy, CFO 23
Slide 24: Important Information
IMPORTANT INFORMATION Starting from fiscal year 2025, the Company applies the International Financial Reporting Standards (IFRS). The Company has also completed the IFRS audit of financial statements for 2023 and 2024, which were originally prepared under Hungarian Accounting Standards. Figures pres
Slide 25: 2025 H1 IS: Growth Focus
2025 H1 IS: GROWTH FOCUS • Revenue: HUF 724 million, up 58.0% • Of which one-off impact: due to a change in the investment valuation methodology: +HUF 52.1 million (underlying growth: +49% without this effect) • ⅔ investments, ⅓ education • Operating profit: HUF 233 million, up 9.4% • Lower operatin
Slide 26: 2025 H1: Equity-Financed Growth
2025 H1: EQUITY-FINANCED GROWTH Total assets: HUF 4,486 million, up 19.2% Assets side: Investment portfolio: HUF 3,755 million, change: HUF +635 million (+20.4%) Assets under management: HUF 4,120 million, change: HUF +744 million (+22.1%) Equity and liabilities side: Equity: HUF 3,927 million, chan
Slide 27: Indicators per Share
INDICATORS PER SHARE • Since the Company's capital raisings precede the investments and their appreciation, EPS decreases. • This can be offset (later) by higher profitability in education and a possible future increase in the value of investments. • Equity per share has grown steadily in recent yea
Slide 28: Education Revenue Growth
EDUCATION REVENUE GROWTH Educational revenue (thousand HUF) 400,000 300,000 200,000 100,000 2020 2021 2022 2023 2024 " 2024H1 = 2025 H1 > Education revenue (2025 H1): HUF 236.7 million 2025 H1 vs. 2024 H1: +63.1% CAGR (2020-2024): 108.2% Foreign education: 10.0% + 28
Slide 29: Portfolio Value Growth
PORTFOLIO VALUE GROWTH *: Includes shares, equity interests, SAFE-type investments, convertible loans and shareholder loans, but excludes the results o f associated companies **: Includes accrued interest on loans and the effects of foreign-exchange revaluations 29
Slide 30: Investment Valuation Methodology
INVESTMENT VALUATION METHODOLOGY Audited methodology, applied retrospectively Investment lifecycle: • At the time of investment: acquisition cost • After the next funding round: transaction-based valuation - latest post-money valuation, reflecting preferential rights • After 2 years: market-comparab
Slide 31: Investment Portfolio and Summary
INVESTMENT PORTFOLIO Tech and Market Innovation Investment portfolio: HUF 3,755 million Across diverse industries 2025 H1 Δ: +HUF 635 million (+20.4%) High number of small-ticket investments VISION IPO More internationally 24 Nov – 5 Dec 2025 successful Hungarian and Price range: HUF 900–1,100 regio
Slide 32: Public Offering
PUBLIC OFFERING Timing: 24 November – December 2025 Price range: HUF 900–1,100 Arranger: K&H Securities (Patria Finance) In the event of any discrepancy between the Hungarian and English versions of this presentation, the Hungarian version shall prevail. The prospectus relating to the introduction o
Slide 33: Let us work together to shape the future of Hungarian innovation!
Let us work together to shape the future of Hungarian innovation! 33
Slide 34: Annex
ANNEX 34
Slide 35: Portfolio Management
PORTFOLIO MANAGEMENT Individual mentoring Trainings Portfolio events Support for next-round financing 35
Slide 36: Examples
EXAMPLES Munch – Food rescue OpenMeter – Pricing data analytics • “Cápák között” show • Y Combinator, Haystack, • M&A activity in the Czech Sunflower Capital market • USD 3m seed round • International venture capital round PastPay - B2B BNPL MedRes – Medical device development • EUR 12m growth finan
Slide 37: P&L: 2025 H1 vs 2024 H1
P&L: 2025 H1 vs 2024 H1 Percentage of 2025 H1 2024 H1 Change sales revenue COMPREHENSIVE INCOME STATEMENT IFRS IFRS 2025 H1 vs 2024 H1 2025 H1 Revaluation of financial instruments 481,990 288,030 67.3 62.9 Gains or losses on the sale of investments 5,106 24,925 -79.5 5.4 Dividend income - - n.a. n.a
Slide 38: B/S: 2025 H1 vs 2024 FY
B/S: 2025 H1 vs 2024 FY ESZKOZOK Befektetett eszk6z6k Egyéb immateridlis eszk6z6k Hasznlati jogi eszk6z Ingatlanok Gépek, berendezések, jarmivek Valés értéken eredménnyel szemben értékelt, hosszG lejGratG értékpapirok Valés értéken eredménnyel szemben értékelt, hosszd lejGratG konvertalhat6 kdlcs6nd
Slide 39: B/S: 2025 H1 vs 2024 FY
B/S: 2025 H1 vs 2024 FY EQUITY AND LIABILITIES Equity Share capital Capital reserve Retained earnings Owner transactions Non-current liabilities Deferred income Deferred tax liability Non-current lease liabilities Current liabilities Advances received from customers Trade payables Income tax liabili
Slide 40: 2025 H1 Education Revenue Split
2025 H1 EDUCATION REVENUE SPLIT 40
Slide 41: 2025 Fundraising & Acquisition
2025 FUNDRAISING & ACQUISITION 2025 H1 2025 H2 to date • Capital Increase 2 – Secondary (non-cash) • Capital Increase 1: Acquisition of an investment May 2025 – 412,739 “A” series ordinary shares July 2025 – 60,267 “A” series ordinary shares Total value: HUF 403.4 million Total value: HUF 60.7 milli
Slide 42: Members of the Board and Supervisory Board
Mária Balogh-Mázi Péter Balogh CMO, Head of CEO MEMBERS OF THE Education BOARD AND István Nagy CFO Péter Langmár Chief Investment Officer SUPERVISORY BOARD András P. Tóth Judit Budai CTO Board Member Zsuzsanna Palainé Viktória Dr. Fekete Hümpfner Board Supervisory Supervisory Board Member Member Ist