Basic-fit Nv · EURONEXT:BFIT
Basic-fit Nv — Basic-Fit N V Ord — H1 2025 Earnings Presentation
17 slides from Basic-fit Nv's earnings presentation, Jul 29, 2025
Slide 1: Basic-Fit H1 2025
BASIC-FIT H1 2025 SPEAKERS: RENÉ MOOS, CEO & MAURICE DE KLEER, CFO 29 JULY 2025
Slide 2: On Track to Achieve 2025 Targets
ON TRACK TO ACHIEVE 2025 TARGETS Clubs Memberships Revenue Underlying EBITDA less rent 1,628 4.51 million €677 million €150 million Up 6% year-on-year Up 10% year-on-year Up 16% year-on-year Up 8% year-on-year 2
Slide 3: 1,628 clubs compared with 1,537 at the end of H1 2024
243 (+2) Netherlands 38 (+10) Germany 1,628 clubs compared with 1,537 at the end of H1 2024 231 (+2) Belgium Market leadership extended in France: net club growth 10 (-) Luxembourg 25 to 883 clubs 883 (+25) France Sustained growth in Spain: net club growth of 14 to 223 clubs 223 (+14) Spain Germany:
Slide 4: 10% YoY Membership Growth
10% YOY MEMBERSHIP GROWTH millions Memberships 2016 - 2025 Growth was recorded in all countries: 5.0 o Strong performance in France and Spain 4.0 Increased membership base by 256K in H1 2025, 177K 3.0 organic growth in H1 2024 2.0 YoY membership base increased by 418K (10% increase) 1.0 Yield per me
Slide 5: Strong Membership Growth
STRONG MEMBERSHIP GROWTH Continuing efforts to further improve performance are yielding results Higher Google ratings tracked in H1 2025 – Avg 4.4 (FY 2024: 4.0 ; FY 2023: 3.8) Ingrowth of new club memberships positive with ingrowth improving in 3 consecutive years 5
Slide 6: All KPIs Have Double Digit CAGRs Between 2016-H1 2025
ALL KPI’S HAVE DOUBLE DIGIT CAGRs BETWEEN 2016- H1 2025 # of clubs # of memberships ('000s) R /LTM 2,000 5.00 CAG – 2025 2016 4.51 R CAG – H1 2 0 25 1,575 1,628 1 7% 4.25 2016 3.80 1,600 17 % 1,402 4.00 3.35 1,200 3.00 1,200 1,015 2.22 2.22 905 1.84 2.00 784 2.00 1.52 800 629 1.21 521 419 1.00 400 0
Slide 7: Approximately 100 club openings in 2025
Approximately 100 club openings in 2025 On track to meet revenue guidance of €1.375Bn - €1.425Bn On track to meet underlying EBITDA less rent of €330M - €370M Started €40M share repurchase programme Expect to achieve positive FCF in 2025 Expect to launch franchise platform before year-end 7 * Outloo
Slide 8: Financial
FINANCIAL
Slide 9: Profitability Developing as Planned
PROFITABILITY DEVELOPING AS PLANNED Key figures (in € millions, unaudited) H1 2025 H1 2024 Change Total revenue 677.3 584.8 16% of which club revenue 669.4 579.5 16% of which non-club revenue 7.9 5.3 50% Club personnel costs (131.0) (91.7) 43% Other club operating costs (170.3) (147.1) 16% Club EBIT
Slide 10: Key Markets: Benelux, France, Spain, Germany
KEY MARKETS: BENELUX, FRANCE, SPAIN, GERMANY France, Spain and Germany are moving towards the 24/7 format France: staffed until regulation change France: flexibility in workforce options until more clarity on regulation Ingrowth as expected in all club geographies; justifying investments in 24/7 clu
Slide 11: Expansion capex per newly built club
Expansion capex €1.38M (FY 2024: €1.30M) spent on average per newly built club Average of €1.30M expected for FY 2025 Maintenance capex €36K per club (H1 2024: €15K) Maintenance front loaded; back end loaded in 2024 FY 2025 expect maintenance capex approximately €58K Other capex €9.3M (H1 2024: €9.4
Slide 12: Maturity of debt facilities
Syndicated facilities: €800M (€70M repayable June € millions Maturity of debt facilities 2028 & €730M repayable June 2029) 800 730 Bilateral of €330M repayable June 2027 600 Convertible bond €303.7M; maturity June 2028 (put option June 2026), conversion price €50.63/share 400 70 Net debt/adj. EBITDA
Slide 13: Continued Strong Growth in Revenue and Underlying EBITDA Less Rent
CONTINUED STRONG GROWTH IN REVENUE AND UNDERLYING EBITDA LESS RENT Continued robust Revenue between Underlying EBITDA Overhead incl. growth of our network €1.375 - €1.425 billion less rent marketing as a and membership base €330 - €370 million percentage of revenue to come down to 11.5% - 12.0% 13
Slide 14: Questions?
QUESTIONS? BASIC-FIT
Slide 15: Thank You for Your Attention
THANK YOU FOR YOUR \IPUTEINTUTOIN BASIC-FIT
Slide 16: Term Definition
Term Definition Club EBITDA EBITDA before overhead costs and net result from non-club revenue (webshop and NXT Level) Club EBITDA margin Club EBITDA as a percentage of club revenue Underlying club EBITDA less rent Club EBITDA adjusted for exceptional items and minus invoiced rent costs of opened clu
Slide 17: Forward-looking statements disclaimer
This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business 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 word