Alpine Select Ag · SIX:ALPN
Alpine Select — Investor Presentation (September 2026)
16 slides from Alpine Select's investor presentation, Sep 30, 2026
Slide 1: Corporate Presentation
Corporate Presentation as per 30 September 2026
Slide 2: About Alpine Select
About Alpine Select 2 • Alpine Select is an independent, SIX-listed • Alpine Select also takes positions and exploits company located in Switzerland advocating an opportunities in special situations (significant active and value driven investment management transactional events such as spin-offs, st
Slide 3: Investment Rationale
Investment Rationale 3 • Pooling of investors’ interest through investment • Investment possibility via: policy and business credo Permanent capital (equity of Alpine Select AG) • Access the investment capabilities of the with instant liquidity through exchange listing; experienced Alpine Select i
Slide 4: Company Characteristics (I/II)
Company Characteristics (I/II) 4 Investment Policy Business Credo • Absolute return target: CHF 6 – 8% p.a. above • Alignment of investors’ and company’s interest CHF risk free rate • No performance fee: Performance belongs to • Partner with specialized Hedge Fund managers to shareholders! compose a
Slide 5: Company Characteristics (II/II)
Company Characteristics (II/II) 5 Track Record / Liquidity Fee Structure • No significant discount to NAV since January • No management or performance fee 2003 • Advisory fees: TCHF 81/annually • Daily liquidity at NAV historically proven • NAV as main driver of the price, «instant liquidity»
Slide 6: Members of the Board of Directors
Members of the Board of Directors 6 Raymond J. Bär Rémy A. Bersier Michel Vukotic Thomas Amstutz Dieter Dubs
Slide 7: Members of the Management
Members of the Management 7 • Management in charge of daily operations • Board of Directors in charge of investment policy • Bank Julius Baer acts as primary custodian Claudia Habermacher Lukas Hoppe CEO COO
Slide 8: Performance
Performance 8 Performance *) Performance Comparison (from 31-Dec-19 to 30-Sep-26) Index 100 = 30-May-03 10.0 650 Weekly NAV Alpine Select Share price 9.5 Shares Swiss Performance Index (SPI) 550 9.0 Swiss Bond Index (CHF) 8.5 450 8.0 7.5 350 7.0 250 6.5 6.0 150 50 *) NAV performance as disclosed in
Slide 9: Portfolio Allocations in % of Total Asset
Portfolio Allocations in % of Total Asset 9 Region Asset Class Investment Manager Net Cash Net Cash Real Estate 2.7% 2.7% Equity – 0.8% Long/Short External Manager USA Alpine Select 35.1% 10.3% 64.9% 10.2% Global 61.0% Equity – Credit 41.8% Long Only Opportunities 37.2% 26.1% Europe 7.2% Blockchain
Slide 10: Portfolio in % of Total Asset
Portfolio in % of Total Asset 10 Top Positions Digital Assets Venture Funds in % of Investment / Latest Valuation Date 1) Total Assets in % of IP Group PLC Equity – Long Only 20.4% Total Assets Idorsia SPV – A2 notes Credit Opportunities 11.5% RockawayX Blockchain Fund I 2) 30.06.2026 2.8% Idorsia S
Slide 11: Appendix
Appendix As per 30 September 2026
Slide 12: Risk Review and Comparison (monthly data)
Risk Review and Comparison (monthly data) 12 Performance Volatility Sharpe Ratio Max. Drawdown Positive Months (in %) (in %) (in %) (in %) 2026 2025 2024 2026 2025 2024 2026 2025 2024 2026 2025 2024 2026 2025 2024 Alpine Select 7.19 16.23 -1.91 9.46 11.45 6.56 0.73 1.43 neg. -2.76 -4.49 -3.18 56 75
Slide 13: Alpine Select Monthly return table (share price)
Alpine Select Monthly return table (share price) 13 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec YTD 2026 1.7% -0.5% -2.8% 2.3% 4.4% 5.5% -0.5% -2.7% 0.0% 7.2% 2025 0.0% 1.3% -4.5% 1.3% -3.3% 2.7% 7.3% 5.6% 2.9% 2.9% -2.2% 1.7% 16.2% 2024 -3.2% 0.0% 1.3% 1.3% 2.6% -3.1% 0.6% -0.6% -1.9% 0.0% -1
Slide 14: Annual Performance (NAV) in %
Annual Performance (NAV) in %1) 14 Company’s net annualized return in CHF: (from 30 Sep 2003 to 30 Sep 2026) • Share price +5.57% p.a. • NAV +5.34% p.a. Year Performance Year Performance Year Performance Year Performance 2026 4.1% 2020 3.1% 2014 11.1% 3) 2008 -39.6% 2025 16.5% 2019 9.5% 2013 12.2% 2
Slide 15: Contact
Contact Alpine Select AG Gotthardstrasse 31 CH-6300 Zug investorrelations@alpine-select.ch +41 41 720 44 11
Slide 16: General information
General information 16 • This document is intended for information purposes only. All material is provided "as is" or "as available“ to the user without express or implied warranties, guarantee or representation of any kind including those of merchantability, originality, accuracy, completeness or f
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