Nvni Group Limited · NASDAQ:NVNI
Nvni — Investor Presentation (September 2025)
31 slides from Nvni's investor presentation, Sep 29, 2025
Slide 1: Investor Presentation September 2025
Investor Presentation September 2025
Slide 2: Table of Contents
01. OUR COMPANY 02. INVESTMENT THESIS 03. 04. 05. LATAM & BRAZILIAN SAAS MARKET NUVINI OVERVIEW & TRACK RECORD PIPELINE AND CLEARLY DEFINED GROWTH INITIATIVES 06. AI INITIATIVES 07. COMPS & TEAM TABLE OF CONTENTS
Slide 3: Our Company
OUR COMPANY W777)
Slide 4: An Ecosystem of Profitable SaaS B2B Companies
An Ecosystem of Profitoble SooS B2B Componies We select and acquire SooS B2B companies in Brazil and Latin America We ore a liquidity solution for stortups and a value investing olternotive for our investors 4
Slide 5: What We Do, Who Are Our Targets, Why Are We Different
. ... .. . .. .m› u<+ s s•wav WHAT WE DO WHO ARE OUR TARGETS WHY ARE WE DIFFERENT We invest in multi — sector B 2 B SooS companies, help them scale and grow, and reinvest their profits into new value — occretive acquisitions — a proven model used by global players like CSU, Vitec, and Roper . Niche
Slide 6: Nuvini key figures and portfolio companies
rnercos +22,400 CUSTOMERS R$ J93 MM NET REVENUES 2024A 13.8 ƒ /o ORGANIC GROWTH “ U “’"* sa.i •x. GROSS PROFIT MARGIN 024A R$ 5J.0 MM ADJUSTED EBITDA 2024A 26.4•/‹ ADJUSTED EBITDA MARGIN 2O24A Discover the innovotive SooS companies in our portfolio, eoch solving unique chollenges across Lotin Americ
Slide 7: Investment Thesis
INVESTMENT THESIS W777]
Slide 8: Sizeable TAM in a fast-growing and fragmented market
Sizeable TAM in a fast — growing and fragmented market Positioned as an M&A platform in the SaaS segment, with rapid and efficient capital allocation capabilities Multi — vertical portfolio olready in place and a ready — to — scale platform supported by solid value creation strategy Seasoned managem
Slide 9: Value Proposition for Investors
”VALUë PROPO S ITION äOR Access to profitable Saas companies that VC/PE funds have not historically focused on Diversified portfolio composed of cash generating and fast — growing companies Multi — segment investment strategy with focus on fundamentals 9
Slide 10: Value Proposition for SaaS B2B Founders
VALU PROPOSITION FOR SAAS B2B FOU • • • • • • • • • • Support to deliver (and exceed) their business plans Liquidity for an illiquid asset with upside capture on earnouts Autonomy to founders who do not pursue the traditional PE/VC path Opportunity to grow the business with M&A and participate in a
Slide 11: LatAm & Brazilian SaaS Market
LATAM & BRAZILIAN SAAS MARKET W777)
Slide 12: Nuvini Operates in a Sizeable Market
Nuvini Operates in a Sizeable Market ( 2 ) 25 20 15 US$ 9.2 bn 10 5 0 @ Brozil Annuol IT Spend @ Lotin America Annual IT Spend (3) US$ 21.4 bn 9 0 Solving Real Day - to - Day Problems with Long - term Solutions Increase Organic Productivity Reduce Organic Costs Introduce New Products and Services Ba
Slide 13: Brazil Software as a Service Market, 2018-2030
ƒ BRAZIL SOFTWARE AS A SERVICE (SAAS) MARKET, 2018 - 2030 (US$M) 0 Revenue in USD million $20 $15 $10 *'* $4.00 $4.60 $6.70 $5 90 $5.20 $7.70 $9.00 $10.00 $11.40 $13.00 $14.80 $16 80 $19.00 $0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 *RESOURC E: GRAND VIEW RESEARCH $9,215.9 M
Slide 14: Nuvini Overview & Track Record
NUVINI OVERVIEW & TRACK RECORD W777]
Slide 15: Portfolio company descriptions and acquisitions
› t•cii irFc•LI * or lai.il TI - 6EII TI“. \ L ! .1A @ eflecti (Anguired on Oa - 20) ONCLICK (Anqiared on Abs - 21) Do)oh b ( o‹piiad æi FR - 21) leodlovers ( imdm 21) mercos (Ae dted œi Aat - 21) fÇmunddi • Digital platform for bidders to find, regbter, dispute and monitor notices isezedby tt›e Bra
Slide 16: Net Operating Revenues, Gross Profit and Adj. EBITDA
Net Operating Revenues & YoY Growth - RB mm,% Total Growth Σ / CAGR 22 - 24 2 90 12fi 169 193 2020A 2021A 2022A 2023A 2024A Gross Profit & Gross Profit Margin - RB mm, ƒ / 2 50 72 1 03 1 23 2020A 2021A 2022A 2023A 2024A Adj. EBITDA & Adj. EBITDA Margin - RB mm, ƒ / 18 57 2020A 2021A 2022A 2023A 2024
Slide 17: Pipeline and Clearly Defined Growth Initiatives
PIPELINE AND CLEARLY DEFINED GROWTH INITIATIVES W777)
Slide 18: Nuvini's M&A Pipeline
DeolFlow Qualified and Analyzed In Negotiations Nuvini's M&A Pipeline Number of Companies Source Nuvini | Note: (1) As of Sep2025 Nuvini s mid — term target is to acquire at least 4 new companies per year +USD370 €¥tFN +USD94 F¥tFN in Revenue 2025E in EBITDA 2025E +USD64.6 IYlt¥l in Net Revenues 202
Slide 19: Well Defined Acquisition Criteria
WELL DEFINED ACOUISITION CRITERIA Target Company Checklist B2B SaaS business model Leadership positioning in niche markets, ideally with low competition Low product risk, with a solid customer base and low churn Focus on businesses with low competition for acquisitions Positive cash generation and r
Slide 20: AI Initiatives
Al INITIATIVES W777)
Slide 21: AI innovation hub: purpose and how it works
• - " t 'w. j ! i “ t mc › r" I • u i . i i r ” .. • i ” I ” ‹ i i i i I Purpose: • Central hub to drive AI innovation, efficiency, and automation • Help portfolio companies adopt AI foster and smarter How It Works: • Centralized experimentation: reusable templates, MVPs, shared prototypes • AI play
Slide 22: How We're Using AI Today
I LAB How We re Using AI Today Practical AI Across Business Functions • Lead scoring • AI SDR agents • Email automation ƒ ƒ ƒ • L1 chotbots • Case routing • Tone — checked responses • • • • Code completion • PR summaries • Test generation • Candidate screening • Policy Q&A bots • Employee pulse anal
Slide 23: Scaling AI Across the Portfolio
Scaling AI Across the Portfolio Q3 2026 - Pilot & Refine • Pilots in 3+ companies • Feedback — driven refinement • Playbook development • Training programs launched Q4 2026 - Scale & Standardize • Scale successful solutions • Publish full AI playbook • Portfolio — wide rollout • Impact measurement 2
Slide 24: AI maturity assessment framework
Purpose: • Provides a standardized Al maturity assessment framework • Ensures strategic alignment of AI investments across portfolio companies • Supports M&A due diligence and integration planning • Identifies synergies and collaboration opportunities across the portfolio How It Works: • Evaluates 5
Slide 25: Strategic Benefits and Use Cases
Strategic Benefits: • Clear roadmap for AI adoption & scaling • Optimized investment decisions • Portfolio — wide value creation • Risk reduction in M&A and operations Use cases: • Portfolio Optimization: Identify gaps & prioritize investments • Cross — Company Synergies Share knowledge, accelerate
Slide 26: Comps & Team
COMPS & TEAM W777)
Slide 27: Nuvini Stands Out Against Its Main Peers
. . . . . . . . . . STANDS OUT AGAINST ITS MAIN PEERS: DIVE Nuvini is still in the beginning of its consolidation strategy and positioned in a market with high growth opportunities, offering significant potential upside in the upcoming years Company SaaS for the Public Sector SaaS and Engineenng Sdu
Slide 28: Experienced Management Team with Solid Track Record
EXPERIENCED MANAGEMENT TEAM WITH SOLID TRACK - RECORD IN THE INDUSTRY Pierre Schurmonn Co — Founder, CEO and Chairman • 30+ years experience as founder and investor of tech companies • +600 investments in B2B stortups in Brazil • Previously CEO at: bossanovas /ueameros/ conectfs • 20+ years of entre
Slide 29: Seasoned and Complementary Board of Directors
S6ASOINED AN COMPLEMENT&RY BOARD OF DIRECTORS KDunt Morcello Gonçolves DG++IO.VC kt x ›l I .III*. \ lt 11 I lia Marco Leone lnvestment Committee Members Joóo Leite 29
Slide 30: Valuations Reset and Keep Dropping
Valuations Reset and Keep Dropping SaaS/tech multiples remain under pressure — multiples contin ue declining into 2025 Favorable Window for Consolidators Limited exits and funding scarcity give strateg ie buyers with capital a unique opportunity to acquire quality assets High Rates = Buyer's Market
Slide 31: Thank You
THANK YOU NVN I | N a sd a q Listed Do you have any questions? ir@ nuvini.co . . . ir.nuvini.co