Slide 1: Basic-Fit Investor Presentation September 2026
BASIC-FIT INVESTOR PRESENTATION September 2026 1
Slide 2: Table of Contents
TABLE OF CONTENTS 1. RECAP H1 2026 RESULTS 2. HISTORY 3. THE OPPORTUNITY 4. OUR STRATEGY OF HIGH-QUALITY GROWTH 5. FINANCIALS
Slide 3: Group Highlights H1 2026
GROUP HIGHLIGHTS H1 2026 Underlying Clubs Memberships Revenue EBITDA less rent 2,192 6.1 million €800 million €204 million Up 35% year-on-year Up 34% year-on-year Up 18% year-on-year Up 36% year-on-year 3
Slide 4: Highlights H1 2026
HIGHLIGHTS H1 2026 Basic-Fit branded owned clubs Average members Clubs Memberships per club 1,696 5.1 million 2,999 Up 4% year-on-year Up 13% year-on-year Up 8% year-on-year 4
Slide 5: H1 2026 - Financial Results
H1 2026 - FINANCIAL RESULTS Key metrics vs prior year Underlying EBITDA Revenue (€m) EBIT (€m) Net profit (€m) Free cash flow (€m) less rent (€m) +18% +36% +67% +€31m +€82m 25 24 800 204 96 677 150 58 -57 -8 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 5
Slide 6: 6.1 Million Memberships
6.1 MILLION MEMBERSHIPS 34% YoY membership growth Basic-Fit membership development 2016 to H1 2026 millions Franchise members Owned club members 7.0 YoY membership base grew by 1.5m, driven by 6.0 the Clever Fit acquisition and 576k membership growth at Basic-Fit clubs 5.0 4.0 Growth was recorded in
Slide 7: Updated Outlook
UPDATED OUTLOOK 2026* CONTINUED STRONG GROWTH IN REVENUE AND UNDERLYING EBITDA LESS RENT Revenue between Underlying EBITDA Significant Continued growth of €1.64 - €1.69 billion less rent €430 - improvement in net 50 Basic-Fit €460 million positive free cash owned clubs flow (was €415 - €455 million)
Slide 8: History
HISTORY
Slide 9: History of Basic-Fit
HISTORY OF BASIC-FIT A long track record of growth in the fitness space 1984 2010 2013 2016 2019 2023 2025 Our team started Acquisition of Focus on Listing on Basic-Fit is Surpassed the Entering into Mid-market brand Basic-Fit Basic-Fit and Euronext Europe’s €1 billion revenue franchising with 198 c
Slide 10: Strong Growth Is at Our Core
STRONG GROWTH IS AT OUR CORE All KPIs have double digit CAGRs between 2016 - H1 2026 # of clubs # of memberships ('000s) 2,400 2,192 7.00 2,151 6.05 5.78 6.00 2,000 1,575 5.00 4.25 1,600 1,402 4.00 3.35 1,200 1,200 1,015 905 3.00 2.22 2.22 2.22 784 1.84 2.00 800 629 2.00 1.52 521 1.21 419 400 1.00 0
Slide 11: Basic-Fit: The Leading Gym Operator in Europe
BASIC-FIT: THE LEADING GYM OPERATOR IN EUROPE Netherlands 250 clubs Belgium Germany 241 clubs 460 clubs 10 Luxembourg 10 clubs countries Austria 49 clubs 2,192 Switzerland 23 clubs clubs France Slovenia 902 clubs 15 clubs 6.1M+ Croatia 1 club members ~10,000 Spain 241 clubs employees Note: Numbers a
Slide 12: The Opportunity
THE OPPORTUNITY
Slide 13: Increasing Awareness of Health & Wellness
INCREASING AWARENESS OF HEALTH & WELLNESS MILLENNIALS & GEN Z RISING GLP-1 USE The gym as a social hub for young adults Strength training matters for GLP-1 users 52% of adults over 18 in Europe are overweight today $74B → $315B global GLP-1 drug market, 2026–2035 (+17.5% CAGR) 20–40% → 11% Share of
Slide 14: European Fitness Market Still Immature
EUROPEAN FITNESS MARKET STILL IMMATURE Providing access to high value & low-price fitness drives membership growth in immature markets 2026 MEMBERSHIP PENETRATION 25% Fitness membership penetration in the US: 23% 20% 21% 20% 18% 18% 15% 15% 15% 14% 14% 10% 11% 10% 10% 5% 0% SE DK NL UK CH DE AT ES F
Slide 15: Fragmented Competitive Landscape
15 FRAGMENTED COMPETITIVE LANDSCAPE WITH LIMITED NUMBER OF HVLP FITNESS CHAINS Countries 10 6 4 2 3 2 5 4 1 3 2 1 HQ based Avg club 1,300 – 1,000 – 1,200– 1,500– 900 – 1,900 700-1,900 500 – 600 300 – 1,500 n/a n/a 750-1,400 n/a size (m²) 1,500 2,500 2,000 2,000 Franchise Hybrid In Asia Mainly Mainly
Slide 16: Our Strategy of High-Quality Growth
OUR STRATEGY OF HIGH-QUALITY GROWTH
Slide 17: A New Era, A New Focus
A NEW ERA, A NEW FOCUS From pure growth to high-quality growth GROWTH & HIGH-QUALITY RETURNS PANDEMIC & RECOVERY (2025-30) (2020-24) RAPID SCALE UP European fitness market still (2016-19) Maintain high pace of club underpenetrated growth Focus on rapid roll-out of Multi vertical approach new owned c
Slide 18: Shift in Emphasis to Deliver Growth and ROCE Enhancement
SHIFT IN EMPHASIS TO DELIVER GROWTH AND ROCE ENHANCEMENT IN THE NEW ERA NEW ERA POWERED BY A MULTI- VERTICAL GROWTH STRATEGY THAT CREATES OPTIONALITY ORGANIC NEW ERA OBJECTIVE Deliver continued growth, with an enhanced focus on INORGANIC profitability, cash generation & capital efficiency FRANCHISE
Slide 19: Organic Growth (1)
ORGANIC GROWTH (1) Cluster strategy enhances market position and increases penetration Example city with 100k inhabitants and 3 Basic - Fit clubs Cluster strategy • 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 tota
Slide 20: Organic Growth (2)
ORGANIC GROWTH (2) Detailed analysis is fundamental for achieving a mature ROIC of >30% Inhabitants Age Other Fitness distribution demographi penetration cs Competitors Competitor Market Members analysis share Drive Time Analysis 20
Slide 21: Inorganic Growth
INORGANIC GROWTH Bolt-on acquisitions in growth countries BOLT-ON M&A CASE STUDY: WELLYOU ACQUISITION (GERMANY) Basic-Fit branded clubs Target criteria Clever Fit branded owned clubs wellyou branded clubs • Focus on DACH region • Small to medium sized fitness chains (5-40 clubs) • Similar club chara
Slide 22: Franchising: Capital-Light Expansion
FRANCHISING: CAPITAL-LIGHT EXPANSION BUSINESS RATIONALE ROLLOUT MODEL Monetising our technology stack 7% royalties, 4% group Focus on France and Germany and automation capabilities marketing contribution* Controlled site selection and Accelerated, capital-light Service fees: inhouse developed networ
Slide 23: Return on Capital Is Key Guiding Principle
RETURN ON CAPITAL IS KEY GUIDING PRINCIPLE SITE ROIC GROUP ROCE >30% at maturity Low to mid-teens %* Guiding principle for organic Main return metric for the group, investment decisions on a club level reported annually Defined as the average mature club Defined as group EBIT divided by total EBITDA
Slide 24: Capital Allocation Hierarchy
CAPITAL ALLOCATION HIERARCHY Focused on quality growth with leverage declining toward <2x 1 2 3 4 ORGANIC INORGANIC BALANCE SHEET SHAREHOLDER INVESTMENT INVESTMENT EFFICIENCY DISTRIBUTIONS FOR GROWTH FOR GROWTH Capital light growth Potential to return New club rollout Small bolt-on M&A provides fina
Slide 25: New Era of High Quality Growth
NEW ERA OF HIGH QUALITY GROWTH MARKET BASIC-FIT MULTI-VERTICAL DISCIPLINED OPPORTUNITY UNIQUELY APPROACH FOR FINANCIAL POSITIONED TO GROWTH APPROACH Fitness DELIVER penetration & Organic: steady, Growth: white space: Strongest brand: reliable returns steady, reliable European market largest HVLP gro
Slide 26: Financials
FINANCIALS
Slide 27: Growth Across All Metrics
GROWTH ACROSS ALL METRICS Continued revenue growth drives strong operating leverage Revenue (€m) Underlying EBITDA less rent (€m) Free cash flow (€m) 430– 1,640– 460 Significantly 1,690 higher* 1,421 348 26 1,215 313 1,047 261 795 204 -88 -100 -130 2022 2023 2024 2025 2026E 2022 2023 2024 2025 2026E
Slide 28: Revenue Growth
REVENUE GROWTH Three pillars drive Basic-Fit’s continued revenue growth 1 2 3 More members per club Higher yield per member Growth in clubs • Clubs mature on a proven, • Higher take-rate of Ultimate • Continued disciplined organic memberships predictable curve growth • Mid-term target of 3,200 membe
Slide 29: Operating Leverage
OPERATING LEVERAGE Memberships per club growth to result in additional €150 million EBITDA A PROVEN BUSINESS MODEL… As network matures, average members per club will see an increase in memberships Estimated +300 incremental 2.9K 3.2K 2.7K members Members x Club Members x Club Members x Club FY2024 F
Slide 30: Capex Overview
CAPEX OVERVIEW Expansion Capex Maintenance Capex Other Capex • We expect FY 2026 capex • We expect FY 2026 • We expect FY 2026 other spent of €1.4-€1.5 million on maintenance capex of capex of approximately €25 average per newly built club approximately €60k per club million • Each new club is only
Slide 31: Well Financed to Meet Future Debt Obligations
WELL FINANCED TO MEET FUTURE DEBT OBLIGATIONS Future debt maturity ( €m) New €308 million CB to mature in 2031; replacing more expensive short term bank facilities Financial flexibility to execute multi-vertical growth 70 730 strategy 180 308 Main bank facility to mature in 2029 166 2026 2027 2028 2
Slide 32: Thank You!
THANK YOU!
Slide 33: Disclaimer
DISCLAIMER 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 item