Mci Capital Alternatywna Spolka Inwestycyjna S.a. · GPW:MCI
Mci Capital Alternatywna Spolka Inwestycyjna — MCI Capital ASI — FY2024 Earnings Presentation
30 slides from Mci Capital Alternatywna Spolka Inwestycyjna's earnings presentation, 2025
Slide 1: YE2024 Results
YE2024 Results MCI Capital ASI S.A.
Slide 2: Contents
Contents 1) Annual overview 2024 3 2) Business summary 2024 4 3) MCI Group BS from the underlaying assets perspective 31.12.2024 5 4) Investment activity in the last 18 months 6 5) Planned portfolio exits roadmap 2025–2030 7 17) Appendices 19 • NTFY 20 6) MCI Capital ASI – review of investment activ
Slide 3: 2024 Annual Overview
3 2024 Annual Overview PRIVATE EQUITY INVESTMENT MARKET BUSINESS KPI’S SUMMARY 500 1. According to the Global Private Equity Report 2025 by Bain & a strong and stable portfolio generating Company, the global private equity market reached a record level approximately PLN 500 million in annual EBITDA,
Slide 4: 2024 Business Summary
4 2024 Business Summary 2024 RESULTS EXITS ✓ MCI Group reported a net result of PLN 15.5 million for 2024 ✓ The main contributors to the 2024 results were Netrisk and Focus a dividend recapitalization of PLN 106 million was ✓ New investments had a limited impact on the results, as initial contributi
Slide 5: Consolidated balance sheet from the perspective of the underlying assets
5 Consolidated balance sheet of MCI from the perspective of the underlying assets as at 31 December 2024 MCI Group’s BS structure from the business perspective Structure of underlying assets as at 31.12.2024 consolidated data (in PLN M) Assets Amount Share in NAV 2.7% 1.5% 11.4% 18.9% eSky 454.5 21.
Slide 6: Investment activity in the last 18 months
6 Investment activity in the last 18 months 5 4 new transactions with a total value of approx. PLN 600M and 2 acquisitions at company level (add-ons) Webcon Focus Telecom ProfitRoom Systell Thomas Cook Nice to Fit You ✓ Investment date: ✓ Investment date: ✓ Investment date: ✓ Acquisition Date: ✓ Acq
Slide 7: Planned portfolio exits roadmap 2025-2030
7 Planned portfolio exits roadmap 2025-2030 2025 - 2026 2024 – 2025 2027 2028 2029-2030 [recap completed in [PE/strateg] February 2025, generating [PE/strateg/IPO] [PE/strateg] [IPO/strateg] proceeds of PLN 106 million] [IPO/strateg/PE/secondary] [PE/strateg] [PE/strateg] [PE/strateg] [IPO/strateg/s
Slide 8: MCI Capital ASI – review of investment activities in 2024
8 MCI Capital ASI – review of investment activities in 2024 MCI is the largest new technology fund in Central Europe, offering investors access to long-term capital appreciation through investments in MCI funds ATTRACTIVE STRATEGY & HIGH RETURNS 28.2 2.6 4% ✓ MCI Capital ASI focuses on executing buy
Slide 9: MCI Group – consolidated P&L for 2024
9 MCI Group – consolidated P&L for 2024 PLN thousand 12M 2024 12M 2023 ✓ The Group’s net profit of PLN 16M was influenced primarily by the result achieved on revaluation of IC, which was mainly due to the Profit/loss on investment certificates (IC) 34 517 209 451 increase of MCI.EV IC Revaluation of
Slide 10: MCI Group – consolidated balance sheet as of 31.12.2024
10 MCI Group – consolidated balance sheet as of 31.12.2024 PLN thousand 31.12.2024 31.12.2023 Non-current assets 2 354 280 2 315 969 Right-of-use assets 2 584 2 605 ✓ The Group’s assets consist mainly of investment certificates, Investment certificates 2 325 263 2 289 789 representing 97% of its tot
Slide 11: Key drivers of MCI investment results in 2024
11 Grupa MCI – key drivers of MCI investment results in 2024 +34.5M PROFIT ON INVESTMENT CERTIFICATES MCI.EV MCI.TV MDCF V -1.5M MCI.EV PROFIT – mainly portfolio +38.8M 99.6% +38.6M MCI share in MCI.EV MCI.EV result attributable to MCI Total MCI.TV PROFIT – mainly portfolio -4.4M +34.5M 48.0% -2.6M
Slide 12: MCI's private equity market position in the CEE region
12 MCI's private equity market position in the CEE region MCI’s closest competitors Poziom ucyfrowienia Investment Ticket Size Lower mid-market (€5m – 25m) Mid-market (€25m – 100m) Large cap (€100m – 1bn+) Fund size 50M-250M Fund size 250m-1000m Euro Fund size 1bln-20bln Euro
Slide 13: Investment Strategy: CEE private equity market
13 Investment Strategy: Central and Eastern Europe is one of the fastest-growing private equity markets in the EU, characterized by 50–100 transactions annually, dynamic economic growth, and a broad range of exit opportunities. MCI plans to invest EUR 25–50 million per year in 1–2 new portfolio comp
Slide 14: Our team
14 Our team Partners and Investment Team Tomasz Czechowicz Paweł Borys Ewa Ogryczak Michał Górecki Filip Berkowski Aleksandra Kulas Founder, Managing Partner, CIO COO, Senior Investment Partner Senior Investment Partner CFO, Investor Relations Managing Partner, CEO CEO MCI TFI Senior Partner [Travel
Slide 15: MCI's strong investment track record
15 MCI's strong investment track record Track record: 28% IRR on buyout & expansion investments Unique and diversified experience in exits realisation over EUR 1 billion invested in buyout & expansion strategy, including coinvestments (€M) ENTRY EXIT MCI GROSS COUNTRY CONTROL SOURCE STRATEGY GROSS I
Slide 16: MCI Capital Strategy
16 MCI Capital Strategy VISION We are the largest private equity fund for new technologies in Central Europe. We aim to become one of the most distinguished private equity funds for new technologies in Europe MISSON We draw inspiration from technological progress We invest in the development of inte
Slide 17: MCI dividend policy for 2025-2027
17 MCI dividend policy for 2025-2027 On 9 September 2024, the Management Board of MCI Capital ASI S.A. adopted a resolution on the dividend policy for the years 2025-2027 (“Policy”) 4.0 84.3 6.5 18.9 dividend payout payout amount dividend rate free float – MCI NAV [%] [PLN M] [%] [02.04.2025] [%] ✓
Slide 18: ESG – Non-financial sustainability reporting
18 ESG – Non-financial sustainability reporting We aim to operate in accordance with the highest ESG standards ACTIONS TAKEN AND GOALS FOR THE NEXT PERIOD INDICATORS ❖ In 2024, MCI Group for the first time, voluntarily collected information Climate and other environmental from its portfolio companie
Slide 19: Appendices
Appendices 19
Slide 20: NTFY – new MCI.EV investment
20 NTFY – new MCI.EV investment – one of the strongest digital brands in the Polish food e-commerce sector Business profile - introduction Investment rationale Deal team Invested (PLN M): ✓ Nice To Fit You (NTFY) is one of the largest and longest-operating diet ✓ Further development of the NTFY Pawe
Slide 21: IAI – leading e-commerce platform in CEE
21 IAI – leading e-commerce platform in CEE Business profile Investment rationale Deal team Invested amount (PLN M): IAI is the largest e-commerce platform in Poland for ✓ The aim of the investment is to build the Tomasz Czechowicz ✓ In 2018: 115 creating online stores operating in the SaaS model. p
Slide 22: eSky / Thomas Cook – global challenger in TravelTech
22 eSky / Thomas Cook – global challenger in the TravelTech sector Business profile Investment rationale Deal team Invested amount (PLN M): Leading Polish flight Online Travel Agency (OTA) with a ✓ Underlying market before full recovery Tomasz Czechowicz ✓ In 2022: 158 global presence, with the rapi
Slide 23: Netrisk Group – leading InsurTech in CEE
23 Netrisk Group – leading InsurTech in CEE Business profile Investment rationale Deal team Invested amount (PLN M): Netrisk is a leading group operating online portals for ✓ The aim of the investment is to build a CEE Tomasz Czechowicz ✓ In 2020: 98 comparing prices and concluding insurance contrac
Slide 24: Profitroom – direct online hotel booking solutions
24 Profitroom – leading international provider of direct online hotel booking solutions Business profile Investment rationale Deal team Invested amount (PLN M): Profitroom is a leading international provider of online ✓ The aim of the investment is to maintain Tomasz Czechowicz ✓ In 2024: 167 direct
Slide 25: Webcon – low-code BPM vendor
25 Webcon – leading low-code Business Process Management vendor Business profile Investment rationale Deal team Invested amount (PLN M): Webcon is a low-code BPM (Business Process ✓ Leading market position in Poland and growing Tomasz Czechowicz ✓ In 2023: 163 Management) vendor with a market leader
Slide 26: Focus – cloud contact center SaaS
26 Focus – leading provider of cloud contact center SaaS in the Polish market Business profile Investment rationale Deal team Invested amount (PLN M): Focus offers a cloud-based, multi-channel • Untapped market potential driven by increasing Paweł Borys ✓ In 2023: 80 communication platform that help
Slide 27: Answear.com – online multibrand fashion store
27 Answear.com – the first Polish online multibrand fashion store Business profile Investment rationale Deal team Invested amount (PLN M): Answear.com is the leading and fastest growing ✓ E-fashion is a segment of the entire e-commerce Paweł Borys ✓ In 2013: 15 fashion online store in Poland. It ope
Slide 28: Morele Group – e-commerce platform in Poland
28 Morele Group – leading e-commerce platform in Poland aggregating private labels Business profile Investment rationale Deal team Invested amount (PLN M): Leading e-commerce platform in Poland, offering ✓ Significant potential for further development Paweł Borys ✓ In 2011: 6 customers a wide range
Slide 29: PHH Group – e-commerce in the Baltics
29 PHH Group – leading e-commerce player in the Baltics with a growing presence in Finland Business profile Investment rationale Deal team Invested amount (PLN M): Leading e-commerce platform in the Baltic ✓ Low e-commerce penetration in the Baltics, with Tomasz Czechowicz ✓ In 2021: 105 Countries o
Slide 30: Thank you for your attention
Thank you for your attention MCI Capital ASI S.A. Warsaw Unit (+48) 22 540 73 80 Rondo Daszyńskiego 1 (+48) 22 540 73 81 00-843 Warsaw Poland office@mci.eu 30