Slide 1: Basic-Fit September 2025
BASIC-FIT jhkhk SEPTEMBER 2025
Slide 2: Contents
CONTENTS 01 Recap H1 2025 02 History & track record 03 The opportunity 04 Our growth strategy 05 Why our model works 06 Appendix
Slide 3: Recap H1 2025
RECAP H1 2025 ONE TRACKSIOPAC HIENIE ZOZoRVARGEMS BASIGHIT |
Slide 4: 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 (up 9% based on avg. YoY) 4
Slide 5: 1,628 clubs; market leadership extended
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 6: 10% YoY membership growth
10% YOY MEMBERSHIP GROWTH Growth was recorded in all countries: Memberships 2016 - 2025 millions o Strong performance in France and Spain 5.0 Increased membership base by 256K in H1 2025, 4.0 177K organic growth in H1 2024 3.0 YoY membership base increased by 418K (10% 2.0 increase) 1.0 Yield per me
Slide 7: 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 8: 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 9: Approximately 100 club openings in 2025; guidance
Approximately 100 club openings in 2025 On track to meet revenue guidance of €1.375B - €1.425B 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 9 * Outlook
Slide 10: 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% 10
Slide 11: History & track record
HISTORY Sn ANE RECORD BASIC-FIT
Slide 12: A long track record of growth in the fitness space
A LONG TRACK RECORD OF GROWTH IN THE FITNESS SPACE 1984 2010 2013 2016 2019 2023 Our team started Acquisition of Separation Basic- IPO listing on Basic-Fit is Europe’s Surpassed the Mid-market brand Basic-Fit Fit / HealthCity and Amsterdam largest and fastest €1 billion revenue 198 clubs at peak in
Slide 13: 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) 2,000 5.00 4.51 4.25 1,575 1,628 3.80 1,600 4.00 1,402 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 0.00 - 2016 2017 2018 2019 2020 2021 2022 2023 2024 H1 20
Slide 14: The opportunity
THE OPPORTUNITY BASIC-FIT
Slide 15: Access to value fitness will drive membership growth in immature markets
PROVIDING ACCESS TO HIGH VALUE & LOW-PRICE FITNESS WILL DRIVE MEMBERSHIP GROWTH IN IMMATURE MARKETS MEMBERSHIP PENETRATION, % Basic-Fit’s markets of presence 25% Fitness membership penetration in the US: 22% (vs Europe 9%) 20% 21% 20% 19% 19% 18% 17% 15% 14% 13% 10% 11% 11% 11% 9% 9% 8% 5% 6% 0% SE
Slide 16: Increased awareness of health & wellness
INCREASED AWARENESS OF HEALTH & WELLNESS RISE IN LIFE EXPECTANCY – EUROPEAN UNION(a) 90 84 87 80 81 75 Years 71 70 50 1970 1990 2010 2022 2040 2060 INCREASE IN DIABETES – GLOBALLY(b) Million people 1,000 783 1998 2022 537 643 366 415 151 69% 86% 0 2000 2011 2015 2021 2030* 2045* GROWING OBESITY(c) M
Slide 17: Only a few large value-for-money fitness chains
THERE ARE ONLY A FEW LARGE VALUE-FOR-MONEY FITNESS CHAINS 6 5 5 2 3 2 4 5 1 2 3 2 1 Countries HQ based Avg club 1,400 – 1,500 500 – 2,200 700 – 1,500 500 - 600 1,500 300 – 1,500 n/a n/a 750 – 1,400 n/a 1,200–2,000 n/a 1,500–2,000 size (sqm) Franchise No In Asia Mainly Mainly Mainly Mainly No No No M
Slide 18: Our growth strategy
OUR GROWTH SiR AEG BASIC-FIT
Slide 19: Pillars
PILLARS Yield management & other revenue • Basic-Fit is committed to keeping memberships fees low Maturation • Increase membership yield by of existing estate offering value-added products and services • Visible and consistent maturity profile New for new openings • Other revenue sources from day- p
Slide 20: 3,000-3,500 clubs potential
3,000-3,500 CLUBS POTENTIAL BY INCREASING THE FITNESS PENETRATION AND MARKET SHARE GAINS Netherlands 06/2025 GOAL HOW Belgium Germany 243 clubs 350 clubs Clusters Luxembourg 241 clubs 350 clubs Regional clubs France Big cities / Paris / 883 clubs 1,200 clubs IdF / regional clubs 223 clubs 450-700 cl
Slide 21: Cluster strategy enhances market position and increases penetration
CLUSTER STRATEGY ENHANCES MARKET POSITION AND INCREASES PENETRATION A club can be built in a catchment area with at least 30K inhabitants The number of clubs that we open in an area depends on the total membership potential Simultaneous fit-out of cluster clubs Operational advantages for regional ma
Slide 22: Maximising future growth & returns: franchise model
MAXIMISING FUTURE GROWTH & RETURNS IN A FRANCHISE MODEL, POTENTIAL POSSIBLE WE CAN LEVERAGE BENEFITS OUTCOMES Faster growth Our own technology and opportunities Start franchise automation capabilities on our own Operate in more Our site selection and countries Buying an established construction comp
Slide 23: To maximise franchisees return
TO MAXIMISE FRANCHISEES RETURN SMART REFURBISHMENT BASIC-FIT RETENTION APP REGISTRATION PROGRAMMES KIOSK LOW BREAK- EVEN POINT HOME CONTENT 24/7 VIRTUAL GROUP LESSONS LEAN AUTOMATED STAFFING EXPANSION MODEL PROCESS REMOTE STADIUM PURCHASING FACILITY GATE POWER QR CODE CLUB ENTRY OUTSOURCED SERVICES
Slide 24: Club maturation drives EBITDA growth
CLUB MATURATION DRIVES EBITDA GROWTH +36% €399K Underlying club EBITDA increases with maturation of network €293K* Short-term: average mature club EBITDA less rent initially impacted by inflated cost base and to improve during 2025 as yield per member increases Longer-term: underlying club EBITDA le
Slide 25: 4% of total revenue, highly profitable
4%* OF TOTAL REVENUE, HIGHLY PROFITABLE PT & PHYSIO DAY PASS BASIC-FIT MEDIA 1,149 clubs with For one-time visits DOOH advertising and partner personal trainers Sold at kiosks at the product sales 295 clubs with physio clubs Physiotherapists and In club Day pass narrow PTs pay rent fees to Basic-Fit
Slide 26: 24/7 connection with our members
24/7 CONNECTION WITH OUR MEMBERS CLUB ALWAYS PART OF LIFE HOME WE AIM TO REACH 15 MILLION PEOPLE BY 2030 TO HELP THEM IMPROVE THEIR HEALTH AND WELL-BEING BASIC-FIT
Slide 27: Why our model works
WHY OUR MODERAVORKS BASIC-FIT
Slide 28: Scalable business model
AND SCALABLE BUSINESS MODEL Experience and proven track record Best-in-class Operating cost Capex efficiency execution efficiency Compelling Engaging Ability to consumer member reinvest proposition journey Efficient & professional organisation Significant scale benefits and barriers to entry 28
Slide 29: We make affordable fitness available for all
WE MAKE AFFORDABLE FITNESS AVAILABLE FOR ALL High quality estate State of the art equipment Exciting exercise programmes 29
Slide 30: Current offer in France
CURRENT OFFER IN FRANCE* 30 * Offer valid as of 19 August 2025
Slide 31: Technology enhances the customer experience whilst keeping costs low
TECHNOLOGY ENHANCES THE CUSTOMER EXPERIENCE WHILST KEEPING COSTS LOW Sign-up Enter club 24/7 Customer Kiosk & Online registration Stadium Gate Service Seamless self-service Secure & Digital Customer Support integrates sign up and membership controlled entry AI and Live Chat changes Live chat on web
Slide 32: Member journey: longer length of stay
32 MEMBER JOURNEY 30 BASIC-FIT HAS A LONGER LENGTH 23 to 24 OF STAY THAN THE AVERAGE FITNESS CLUB months 18 to 19 months Basic-Fit has a longer average length 20 of stay than the fitness industry in general and our figure is growing Our average length of stay (LoS) at 10 the time of our IPO was 18-1
Slide 33: Driven by technology, local market insights and experience
DRIVEN BY TECHNOLOGY, LOCAL MARKET INSIGHTS AND EXPERIENCE Research Analysis Approval / New Club Nationwide sourcing of Negotiation Opening sites (via real estate New club analysis agencies) (i.e. costs and Business manager, Fit-out complete memberships property manager and White spot analysis devel
Slide 34: Detailed analysis remains fundamental to our competitiveness
DETAILED ANALYSIS REMAINS FUNDAMENTAL TO OUR COMPETITIVENESS Inhabitants Age Other Fitness distribution demographics penetration Competitors Competitor Market Members analysis share Drive Time Analysis 34
Slide 35: Appendix
APPENDIX BASIC-FIT
Slide 36: Term definitions
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 37: Forward-looking statements
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
Slide 38: Thank you
THANK YOU