Slide 1: Company Presentation to Investors Mid&Small Virtual 2026
Company Presentation to Investors Mid&Small Virtual 2026 July 1st, 2026
Slide 2: Today's agenda
Today’s agenda 01 JDC Group – a brief introduction 02 Product portfolio 03 Market & competition 04 Financial targets – and how we will achieve them 05 Spotlight: AI in the insurance industry 2
Slide 3: Founder-led management
Founder-led management Dr. Sebastian Grabmaier (CEO / co-founder) Ralph Konrad (CFO / co-founder) • Strategy • IT - Platform • Sales • Finance • Products • Legal & Compliance • Investor/Public Relations • M&A 3
Slide 4: Our mission statement
Our mission statement ACCELERATING THE DIGITALIZATION OF THE GERMAN INSURANCE INDUSTRY Three objectives to reshape the industry: Digitalization of the German insurance & financial industry through modern and scalable technology solutions & Artificial Intelligence (AI) Simplifying workflows and incre
Slide 5: Timeline of JDC Group
Timeline of JDC Group AFTER YEARS OF INVESTING IN OUR TECH PLATFORM, THE FOCUS IS NOW ON SCALING UP (AND) USING AI 2004 2005 2008 2017 2021 2024 Foundation Reset Focused Scaling up Introducing AI Tools Foundation & Public Listing Financial crisis and restructuring Pivot to Insurance Market Leading P
Slide 6: JDC Group AG: 20 years as a listed company
JDC Group AG: 20 years as a listed company BELL RINGING CEREMONY, FRANKFURT STOCK EXCHANGE, NOVEMBER 2025 6
Slide 7: JDC Group at a Glance
JDC Group at a Glance ADVISORTECH & ADVISORY First Users of AI Geographic focus functionalities DACH Finum Clients advised >85,000 Employees Insurance companies DFP Clients connected >400 FTEs >15,000 >200 Customers served Connected Fund volume on >2.5 million platform users platform >16,000 >€8bn A
Slide 8: Over a decade of resilient growth and margin expansion
Over a decade of resilient growth and margin expansion OVER THE PAST DECADE, JDC HAS SHOWN REMARKABLY RESILIENT GROWTH DESPITE VARIOUS CRISES +12.2 % +35.3 % +6.3 % Revenue CAGR 2015 - 25 EBITDA CAGR 2015 - 25 Margin expansion 2015 - 25 20.6 250 8% 221 15 7% 7% 172 12 6%6% 156 147 9 123 8 4% 111 EUR
Slide 9: Today's agenda
Today’s agenda 01 JDC Group – a brief introduction 02 Product portfolio 03 Market & competition 04 Financial targets – and how we will achieve them 05 Spotlight: AI in the insurance industry 9
Slide 10: Business segments
Business segments JDC OPERATES IN TWO PRINCIPAL SEGMENTS ADVISORTECH (PLATFORM) ADVISORY 82%(1) 18%(1) Segment Technology-driven solutions that empower financial advisors Personalized financial guidance and holistic with digital tools and platforms support tailored to individual client needs Technic
Slide 11: One tech platform that brings insurers and intermediaries together
One tech platform that brings insurers and intermediaries together THE PLATFORM COVERS THE ENTIRE VALUE CHAIN FROM THE FRONT- TO THE BACK-END >220 Insurers ~2.400.000 > 16.000 >500 Banks Contracts Intermediaries Platform Bank-insurers Brokers & advisors ✓ Standardize and Procure Data Large corporate
Slide 12: Business model
Business model JDC IS RETAINING A SHARE OF THE INTERMEDIARIES’ COMMISSIONS FOR ITS PLATFORM SERVICES Customers pay a premium; insurers pay commissions as a percentage of that premium 1. ▪ Product providers / insurers pay commissions on distributed financial Insurer and other product (inflation-linke
Slide 13: Product Example
Product Example VOLKS- UND RAIFFEISENBANKEN (COOPERATIVE BANKS) – WHITE LABEL PLATFORM SOLUTION Integrated insurance ecosystem with management and optimization of all contracts Source: Company information 13
Slide 14: Product Example
Product Example M&M TARIF OPTIMIZER – AI POWERED AI-driven Insurance-Condition-Copilot enables quick responses to customer- and agent inquiries Automated, optimized contract offers with the help of AI product comparisons Simple online application process Source: Company information 14
Slide 15: FMK is a data-driven specialist in digital lead generation
FMK is a data-driven specialist in digital lead generation EVERY SALE IMPROVES THE NEXT ONE IN A FULLY AUTOMATED FEEDBACK LOOP Paid Marketing FMK Product Partner End customer campaigns (individual or business) Search Engines, Social Media, Landing pages, e.g., personal Websites Gen AI tools finance
Slide 16: Sales Channels
Sales Channels ALL SALES CHANNELS AND TYPES OF INTERMEDIARIES Account Brokers/ Sales Corporate Insurance AI- Agents Bancassurance Segment Organisations Brokers Companies LLMS 1st Level > 1,200 Agencies – >300 Savings 10,000 brokers/agents rollout has started Banks > 100 Agencies Approx. 6,000 Sub-br
Slide 17: Life Cycle of JDC's Key Accounts
Life Cycle of JDC’s Key Accounts SUBSTANTIAL EXPANSION POTENTIAL FROM EXISTING CUSTOMER BASE Sales Cycle Project Effort Ramp Optimize & Roll Out Organic Growth Negotiation Up & Pilot & Contract Phase Signature Most of JDC’s key accounts are still in ramp-up or early roll-out Key-account growth contr
Slide 18: Today's agenda
Today’s agenda 01 JDC Group – a brief introduction 02 Product portfolio 03 Market & competition 04 Financial targets – and how we will achieve them 05 Spotlight: AI in the insurance industry 18
Slide 19: The German insurance market is enormous: >5% of GDP
The German insurance market is enormous: >5% of GDP DATA COLLECTION AND PROCESSING IN GERMANY IS STILL DONE LARGELY MANUAL >500 million 1 >€230 billion 1 €30 billion 2 insurance contracts in insurance premiums in commissions per per year year ▪ More than 40 million households ▪ A fragmented, local m
Slide 20: Digitalization of the German insurance market
Digitalization of the German insurance market A COMPELLING MARKET OPPORTUNITY WITH A LONG RUNWAY FOR GROWTH Insurance contracts in Germany: 500 million contracts Insurance contracts on the JDC platform in 2025: ~ 2.4 million contracts Total addressable market (TAM): > 150x 400 million contracts = 0,
Slide 21: Aging independent brokers drive consolidation and platform demand
Aging independent brokers drive consolidation and platform demand CONSOLIDATION AMONG INTERMEDIARIES IS ACCELERATED BY AGE STRUCTURE(1 Age distribution of brokers, in % Normal retirement age (Germany) 2019 2023 Average age, Average age, brokers 2019: Ø 52.6 brokers 2023: Ø 56.3 4% The average age ha
Slide 22: Summitas contributes > EUR 1.5m earnings in 2025
Summitas contributes > EUR 1.5m earnings in 2025 SHOWS GOOD PROGRESS: 18 BROKER COMPANIES BOUGHT Joint Venture of Bain Capital (65%), Great West (25%), JDC Group (10%): 240m EUR (thereof 150m equity) will be invested until end of 1HY 2026 into a roll up investment case to consolidate the German comm
Slide 23: JDC benefits strongly from favorable industry dynamics
JDC benefits strongly from favorable industry dynamics A small number of outperformers dominate All big platforms (with Fondsfinanz as an exception) are the market, whilst most other platforms lost connection significantly more efficient than most small/ mid-size providers Margin growth in compariso
Slide 24: JDC is well positioned to capture the market opportunity
JDC is well positioned to capture the market opportunity THE LARGEST BROKERPOOL PLATFORMS ARE CONSOLIDATING THE MARKET Recent consolidation marks a new phase in platform competition Drivers of successful post-transaction integration Fondsfinanz Group JDC Group Blaudirekt Group Synergy exploitation C
Slide 25: Today's agenda
Today’s agenda 01 JDC Group – a brief introduction 02 Product portfolio 03 Market & competition 04 Financial targets – and how we will achieve them 05 Spotlight: AI in the insurance industry 25
Slide 26: FY 2025
FY 2025 NEW RECORD YEAR • With more than 74m, Q4 2025 set a new record high as to turnover in a single quarter, increasing the volume of the already very good Q4 2024 by more than 18 percent Turnover 13.2% • Turnover growth in FY 2025 therefore reaches more than 13 percent • FY EBITDA Growth stands
Slide 27: JDC platform activity 2025 at all-time high levels
JDC platform activity 2025 at all-time high levels # of orders grew by just + 1.9%, BUT nevertheless the commission level is up due to higher contract volumes # of contract transfers grew by + 25.5% Assets under Management increased by + 10.3% Annual net premium on the JDC platform increased
Slide 28: FY 2025 in numbers – Group
FY 2025 FY 2025 IN NUMBERS – GROUP Q4 2025 FY 2025 Turnover FY FY in million EUR Q4 2025 Q4 2024 vs. vs. 2025 2024 13.2% Q4 2024 FY 2024 Revenues 74.0 62.7 18.1% 250.0 220.9 13.2% 220.9m 250.0m 62.8 55.7 12.8% 210.8 197.0 7.0% → Advisortech 52.3 20.2% 185.0 14.0% 15.8 11.1 42.7% 56.4 38.8 45.3% FY 2
Slide 29: FY 2025: Good growth in all product groups
FY 2025: Good growth in all product groups Capital markets have come back Turnover development FY 2025 considerably after the "Liberation Day impact" of high tariffs in Q2, but due to a lower USD compared to the 7.3m 14.4m Euro, trailer fees of investment funds 7.3m >100% +9% +6% remain at 2024 leve
Slide 30: Composition of turnover growth & turnover split FY 2025
Composition of turnover growth & turnover split FY 2025 Pro forma Turnover development FY 2025 Advisortech turnover split FY 2025 5.7% 1.2% IFA 17.6m business -4.7m 7.0m 12.0m +45% -3% +15% +11% Major +5% +15% customers 26.0% FMK 220.9m 250.0m 67.2% Direct clients IFA Major FMK FY 2024 Advisory FY 2
Slide 31: Guidance 2025 – generally achieved
Guidance 2025 – generally achieved Updated Guidance Guidance 2025 Achievements 2025 2025 Turnover Turnover Turnover Within original guidance 245 to 265 million 260 to 280 million 250 million 2025, but below updated guidance 2025 EBITDA EBITDA EBITDA 18.5 to 20.5 million 20.5 to 22 million 20.6 (adju
Slide 32: Guidance 2026
Guidance 2026 FURTHER GROWTH AND MARGIN EXPANSION Goals TURNOVER 300 -330 EBITDA 35 2026 -38 300 – 330m 35 – 38m • AI as key initiative within the JDC Organization for 2026 250 • Roll Out JDC AI Tool 221 “companion” • DevOps of further AI Tools to support brokers & optimize 172 platform 156 20.6 • A
Slide 33: Q1 2026
Q1 2026 NEW RECORD QUARTER • With 75m, Q1 2026 sets a new record high as to turnover in a single quarter, increasing the volume of the already very good Q1 2025 by more than 20 percent Turnover • Development driven by FMKs lead business 20.3% • JDCs platform business is temporarily suffering from mu
Slide 34: Q1 2026 in numbers – Group
Q1 2026 Q1 2026 IN NUMBERS – GROUP Q1 2026 vs. Turnover in million EUR Q1 2026 Q1 2025 Q1 2025 20.3% Revenues 74.9 62.2 20.3% 62.2m 74.9m → Advisortech 65.9 53.8 22.4% Q1 2025 Q1 2026 → Advisory 14.5 13.6 6.6% -5.5 -5.2 -6.0% EBITDA → Holding/IC 61.1% Gross profit 21.3 17.1 24.7% 5.0m 8.1m EBITDA 8.
Slide 35: A strong start to 2026!
A STRONG START TO 2026! STRONGEST QUARTER IN JDC’S HISTORY +20% 80.000 70.000 +17% +21% 60.000 50.000 +1% 40.000 30.000 20.000 10.000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 2025 2025 2026 Turnover in thousand EUR 35 11 March 2026 JDC Group AG 35
Slide 36: Strategy
Strategy EXPANDING AND SOLIDIFYING ITS POSITION AS A LEADING GERMAN INTERMEDIARY PLATFORM Grab the market Further consolidate Product Operational 1. 2. 3. 4. opportunity the market development excellence Accelerate the growth in the number Driving efficiency and scalability Solidify its leading mark
Slide 37: Capital allocation priorities
Capital allocation priorities JDC PRIORITIZED ORGANIC GROWTH AND M&A WITHIN ITS CORE BUSINESS AREAS, BUT IS RESTARTING SHARE BUYBACKS NOW Organic M&A Share buyback Debt repayment Dividend • Focus on organic growth • Growth and consolidation • Share buybacks successful • Net debt of ~€60.6m • No divi
Slide 38: JDC shares seem to trade comparatively low
JDC shares seem to trade comparatively low (as Netfonds did) SHARE BUY BACKS AT A LOW MULTIPLE SEEM TO BE MUCH MORE ATTRACTIVE THAN BUYING OTHER COMPANIES AT HIGH MULTIPLES JDC OFFERED TO BUY BACK 222,222 SHARES FOR EUR 22.50/SHARE (EUR 5M) JDC- EBITDA Guidance JDC Group 35.0 38.0 Multiple Multiple
Slide 39: Bonds
Bonds BOND 23/28 NORDIC BOND 25/29 Volume 20,000,000 EUR Volume 70,000,000 EUR (up to 160.000.000 EUR) ISIN DE000A3514Q0 ISIN NO0013618587 Current Quote 101.60% Current Quote 101.89% (Tradegate) as of (Tradegate) as of June 5th, 2026 June 5th, 2026 Coupon 7.0% p.a. Coupon 6.75% p.a. (Euribor +450 BP
Slide 40: JDC Group at the capital market
JDC Group at the capital market SUPPORTED BY A STABLE, LONG-TERM ORIENTED SHAREHOLDER BASE Share Price Performance Shareholder Base 35 € Free float 30 € 27% 44% 25 € 11% Management 20 € 6% 6% 6% 15 € Shares 13,668,461 10 € Outstanding Share Price EUR 21.20 5€ May 8th, 2026 Market Cap EUR 290m 0€ 201
Slide 41: Today's agenda
Today’s agenda 01 JDC Group – a brief introduction 02 Product portfolio 03 Market & competition 04 Financial targets – and how we will achieve them 05 Spotlight: AI in the insurance industry 41
Slide 42: Sales Channels in the Insurance Industry?
Sales Channels in the Insurance Industry? SOME STUDIES PREDICT DRASTIC CHANGES IN SALES CHANNELS … Future Scenario Others (-7%) Others AI in insurance sales Platforms Direct Sales AI (+45%) Broker AI Broker Platforms (0%) Direct Sales (-5%) Insurer‘s Tied Contract Broker (-11%) Agent conclusion Netw
Slide 43: AI in Insurance? Data
AI in Insurance? AI WITHOUT DATA AND INFRASTRUCTURE IS LIKE A CAR WITHOUT FUEL AND ENGINE Necessary data for automated Agentic AI Everyone talks about AI but no one Brokers is not publicly available about the necessary The (GDPR protected) data is securely stored in the insurers' backend systems and
Slide 44: AI in Insurance? Infrastructure
AI in Insurance? AI WITHOUT DATA AND INFRASTRUCTURE IS LIKE A CAR WITHOUT FUEL AND ENGINE To access Insurers‘ backend systems, you need hundreds of APIs For sound advice, existing customer Everyone talks about AI but no one contracts must be evaluated. This requires about the necessary historical da
Slide 45: How AI will influence our value chain
How AI will influence our value chain FOR PLATFORMS LIKE JDC, AI DRIVES EFFICIENCY AND SHOWS NEW OPPORTUNITIES Product supplier Key value proposition Impact of AI • interfaces to product suppliers and intermediaries • Improvements in efficiency • Delivers Advisor IT and processing • Serving as a dat
Slide 46: Spotlight: Regulation, Data Protection & Liability
Spotlight: Regulation, Data Protection & Liability WE ARE AI BELIEVERS – BUT GERMANY WILL ADOPT SLOWLY Strict data-protection rules severely limit data access for AI training Germany operates under some of the strictest interpretations of GDPR in the EU, which restricts insurers’ ability to process,
Slide 47: AI already embedded across JDC's core business processes
AI already embedded across JDC’s core business processes FROM LEAD GENERATION TO PROCESS AUTOMATION Customer Advisory & Product Operations & Acquisition Intelligence Automation • AI-supported lead generation • M&M Companion answering • Automated document (FMK) tariff questions understanding • AI-sup
Slide 48: AI Powered: M&M Companion
AI Powered M&M COMPANION AI-driven Insurance-Terms & Conditions-Copilot enables quick responses to customer- and agent inquiries Automated, optimized contract offers with the help of AI product comparisons and simple online applications Available for ca. 83,000 product types over many insurance sege
Slide 49: FMK benefits from the shift towards AI-driven discovery
FMK benefits from the shift towards AI-driven discovery AI SEARCH AND ASSISTANTS CREATE NEW TRAFFIC CHANNELS FOR PERFORMANCE-BASED ACQUISITION MODELS AI Search & Assistants • Copilot • LLM platforms NEW • AI-powered discovery FMK Acquisition Insurance & User Intent Engine Finance Partners Social Med
Slide 50: FMK benefits from AI-driven customer acquisition
FMK benefits from AI-driven customer acquisition FIRST KPIS IN AI MARKETING MUCH BETTER – FMK OPERATES CHANNEL-AGNOSTIC • Free Chat GPT Ads started in US Feb. 2026 • AI-powered advertising formats already showing strong performance • 1.8x higher click-through rates vs. traditional search ads • Conve
Slide 51: Key Takeaways
Key Takeaways AI IS A MAJOR OPPORTUNITY FOR JDC — RATHER THAN A THREAT DATA ADVANTAGE PLATFORM EFFICIENCY FUTURE DISTRIBUTION MODEL • JDC as AI infrastructure layer • AI improving platform efficiency • AI-only for simple products • Large insurance data hub • Automated document • AI-assisted brokers
Slide 52: JDC in Pole Position for the Transition towards AI
JDC in Pole Position for the Transition towards AI AS WE AT JDC HAVE ALL WHAT IT TAKES • AI is the biggest structural shift in insurance distribution since the introduction of comparison portals • And represents one of the greatest growth opportunities in JDC's company history. • The market will cha
Slide 53: Thank you for your attention!
Thank you for your attention! 11 March 2026 JDC Group AG 53
Slide 54: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While JDC