Blue Cap Ag · XETR:B7E
Blue Cap — Investor Day (September 2026)
15 slides from Blue Cap's investor day presentation, Sep 29, 2026
Slide 1: Investor Presentation
Investor Presentation September 2026
Slide 2: Blue Cap AG: Listed Private Equity with focus on SME transformation
Blue Cap AG: Listed Private Equity with focus on SME transformation At a glance Long-term oriented shareholder structure ▪ Founded 2006 ▪ Publicly listed investment company (Open Market/‘Freiverkehr’) headquartered in Munich 6.3% ▪ Experts for turnaround of industrial companies (SMEs) 9.1% ▪ Busines
Slide 3: M&A and transformation: Our business model for value creation
M&A and transformation: Our business model for value creation Buy Transform Sell Creating value through Clearly defined acquisition focus Ongoing exit monitoring transformation expertise M&A Portfolio Capture ▪ DACH region ▪ Operational turnaround and ▪ Buy Transform Sell transformation ▪ B2B indust
Slide 4: Diversified portfolio of German B2B SMEs
Diversified portfolio of German B2B SMEs Portfolio Overview 6 Companies headquartered in Germany 2000 Employees 2 Business segments = Portfolio company recently sold = Portfolio company recently acquired Blue Cap AG_Investor Presentation 4
Slide 5: Track Record: Transformation expertise is reflected in successful exits
Track Record: Transformation expertise is reflected in successful exits Three successful exits within 2024/2025 Exits to strategic investors 09/2024 10/2024 08/2025 Nokra Neschen con-pearl 6x MOIC 8x MOIC 15x MOIC Cash purchase prices 21% IRR 44% IRR 60% IRR Exits according to our best-owner- Timely
Slide 6: Latest acquisition: Janoschka - Leading global provider of integrated prepress solutions
Latest acquisition: Janoschka - Leading global provider of integrated prepress solutions in the packaging industry Company Overview Strategic fit according to Blue Cap’s buy-criteria ▪ Special situation case due to shareholder situation and Revenue ~EUR 90 Mio. (31.12.2025) difficulties to afford de
Slide 7: Blue Cap in numbers: FY 2025 with robust profitability and strong balance sheet
FY 2025 FY 2025 Revenue Adj. EBITDA € 129.1 mn € 7.0 mn Blue Cap in numbers: FY 2025 with robust profitability and strong balance sheet FY 2025 FY 2025 Leverage Ratio Adj. EBITDA Margin 0.0 5.4% * Continuing business segments Blue Cap AG_Investor Presentation 7
Slide 8: Portfolio profitability improving despite mixed revenue development
Portfolio profitability improving despite mixed revenue development Revenue by segment* in EUR mn Adj. EBITDA by segment* in EUR mn 2024 2024 2025 2025 71.6 7.8 Industrials +4% Industrials +5% 74.3 8.2 63.1 1.3 Business Services -13% Business Services +128% 54.8 3.0 * Continuing business segments ex
Slide 9: Sharing success with our shareholders: record dividend after con-pearl exit
Sharing success with our shareholders: record dividend after con- pearl exit 4.0 4,0 % % 4.0 % 4,0 % 3.7 % 3,7 %3.3 % 3,34.0 % % 3.7%% 4,0 6.1 3,7%% 9.06,1 %% Basisdividende Sonderdividende 0,25 0,45 EUR 0.95 1.60/Share 0.25 0.45 0,85 0,90 0,75 0,75 0,75 0,65 0,65 0.85 0.90 0.75 0.75 0.75 0.65 0.65
Slide 10: NAV: Sustained value creation for our shareholders
NAV: Sustained value creation for our shareholders NAV by segment* 4,0 % 4,0 % 3,7 % 3,3 % 4,0 % 3,7 % EUR mn 6,1 % 125.3 Basisdividende Sonderdividende 120.2 112.4 18.4 Industrials Business Services 17.2 EUR Minorities 60.2 0,25 0,45 8.4 Others 68.9 Net Debt / Net Cash 27.94/share 19.7 as of 31.12.
Slide 11: FY 2026: Forecast for the current portfolio after acquisition of Janoschka AG
FY 2026: Forecast for the current portfolio (continuing operations) after acquisition of Janoschka AG 01 02 03 EUR 170 – 190 7.5 – 8.5% Leverage mn Adj. EBITDA margin <3,5x Revenue Guidance is based on Blue Cap’s current corporate structure, excluding impacts from M&A Blue Cap AG_Investor Presentati
Slide 12: Mid-Term Outlook: NAV Growth Through Consequent M&A Activity
Mid-Term Outlook: NAV Growth Through Consequent M&A Activity Future NAV growth will be driven by: Acquisition-led growth Highly mature existing portfolio, with potential from deleveraging and earnings improvement Acquisitions of €50-100 million in revenue per year create mid-term potential for reven
Slide 13: Summary: Blue Cap Investment Highlights
Summary: Blue Cap Investment Highlights Proven business model: value creation through M&A and transformation Investments in special situations: based on Blue Cap’s capabilities and market opportunities Following three successful exits, most of the NAV is cash-backed Diversified portfolio: active acr
Slide 14: Contact & Further Information
Contact & Further Information Dr. Henning von Kottwitz CEO hvonkottwitz@blue-cap.de Find out more about Blue Cap here: Annika Küppers Corporate Affairs akueppers@blue-cap.de Blue Cap AG_Investor Presentation 14
Slide 15: Disclaimer
Disclaimer By accessing this document, you acknowledge the restrictions on use set out herein. The information contained in this document regarding Blue Cap AG ("Blue Cap" or the "Company") may not be distributed, reproduced, published or passed on to other persons, either in whole or in part. No re