Tx Group Ag · SIX:TXGN
Tx — Investor Day (December 2022)
105 slides from Tx's investor day presentation, Dec 6, 2022
Slide 1: Slide 1
Slide 2: TX Group Investor Day 2022
TX Group Investor Day 2022 6. Dezember 2022 Ts
Slide 3: Agenda
Investor Day 3 Agenda 14:00 14:05 14:15 14:45 15:20 15:30 16:15 16:30 17:00
Slide 4: Strategic review
Investor Day 4 Strategic review
Slide 5: TX Group unifies many strong brands
Investor Day TX Group unifies many str: OCLST Der Bund dreifive** ~ JADUDA FINANZ wns WIRTSCHAFT ALPHA a on | PZ heures | TageseAnsciger rOD SonntagsZeitung Fame = SELMA BZ LANGENTHALER TAGBLA ir GOLDBACH jusanne- Ztirich ntrum 4 STABLETON ZiircherUnierkinder| ahelvengo a0 BZ THUNER TAGBLATT Thalwil
Slide 6: Company history timeline
Investor Day 6 1893 1933 1970 1987 2000 2003-07 2008 2008-09 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 7: Decentralised organisation with autonomous companies
Investor Day Decentralised organisation with autonomous companies under the umbrella of TX Group Board of DirectorsTX Gi Executive Chairman Piet Group & Ventures CFO - Wolf-Gerrit Benkendorff | COO - Sandro Macciacchini CCO - Ursula Notzli | CSO - Daniel Monch D TX Markets GOLDBACH Goldbach 20 100%
Slide 8: Price and Monthly Trading Volume TX Group Share
Investor Day 8 2019 2020 2021 2022 2023 2024-2026 Price and Monthly Trading Volume TX Group Share 60’000’000 160 50’000’000 140 40’000’000 120 30’000’000 100 20’000’000 10’000’000 80 - 60 Monthly Trading Volume (in CHF) Share Price (in CHF)
Slide 9: Real Estate
Investor Day Real Estate
Slide 10: Real estate portfolio development options
Investor Day 10 Our portfolio is large and attractive enough for a stand-alone development, however other strategic options are taken into consideration e@ Realestate management will be established as an independent division on Group level @ Development will be driven by real estate managing directo
Slide 11: Net book value of land properties and buildings
Investor Day The net book value of our land properties is CHF 65.9 Mio and of our buildings (after depreciation) CHF 119.7 Mio Printing centers Ziirich Druckzentrum residential use »\ Bern, DZB Druckzentrum Bern AG _ Good micro-location for commercial use Bussigny, CIE centre d’impression ~ Edipress
Slide 12: Investor Day
Investor Day 12 1 • 1 • 3 2 • 2 • 3 • •
Slide 13: Group - Ventures
Investor Day Group - Ventures
Slide 14: TX Ventures transformed into a leading Swiss FinTech investor
Investor Day TX Ventures has transformed into a leading Swiss FinTech investor in CH 14 2019 Q1 2019: First FinTech investments in Monito, neonand Lykke 2020 Q1 2020: Definition of Investment Mandate (FinTech CH - B2C) Q3 2020: Approval of BoD on Investment Mandate since Q1 2020: Disposal of non-cor
Slide 15: Strong FinTech portfolio and first exit
Investor Day 15 We have already built a strong FinTech portfolio Strong and diversified portfolio... ...and a first successful exit CHF 6.3x realized TX Group verkauft restliche 2019 - Moneypark-Anteile an Helvetia- Die TX Group hat bereits 2016 2020 monito ® & LE@p SELMA Gruppe MONEY (PARK (mcs ese
Slide 16: Implementing a market-standard fund structure
Investor Day 16 Time to take the next step: Implementing a market-standard fund structure Other corporates VCs have already changed their structure... Non-strategic CVC | Fund wi LP COMMERZ| VENTURES @ swisscom ‘VENTURES VENTURES HV HV HV ...and TX Group will too, in order to benefit from: ( )) Incr
Slide 17: Group - ESG
Investor Day 17 Group - ESG
Slide 18: Purpose and sustainability go hand in hand
Investor Day 18 Our purpose and sustainability go hand in hand - we have an holistic approach 1721 5 eA, « 15 | For 2021: 4 Sustainability chapter in annual report SUSTAINABLE 4 + For 2022: 44h DEVELOPMENT 3m Publication of first sustainability report 17 (in accordance with GRI) ail GF 2A L S 6 } TS
Slide 19: Materiality analysis
Investor Day Materiality analysis - we focus on the essential topics A Society @) @ 1. Employee engagement 2. Stakeholder engagement 3. Editorial responsibility SR 4. Responsible advertising © nigh Environment 5. Footprint 6. Energy 7. Material, especially paper 8. Logistics/transport medium Relevan
Slide 20: Footprint
Investor Day Footprint - we are a service company and a printing house Corporate Carbon Footprint 2021 - 80% of TX’ footprint is made up by material for the printing business* whereof over 50% for news products of other news corporations Hl printing material for own printed news products Printing ma
Slide 21: TX Markets
Investor Day 21 TX Markets
Slide 22: Swiss Marketplace Group
Swiss Marketplace Group Olivier Rihs smg
Slide 23: Combined portfolio offers a view on the user lifecycle
Investor Day a The combined portfolio offers a unique view on the user’s “lifecycle”... The SMG Swiss Marketplace Group offers customers and consumers data-driven, personalized products and services, to further enhance sales & marketing performance and improve user experience Financing & Housing & L
Slide 24: In 2022 SMG became one strong organization
Investor Day In 2022 SMG became one strong organization Becoming one and becoming even stronger Vv Setting up the organisation Vv Newoverall strategy defined V¥__ Initiated cultural alignment and shaping of common DNA Tapping into synergies ¥ Streamlined: Optimization of provider portfolio and proce
Slide 25: SMG makes an impact in the market
Investor Day SMG makes an impact in the market 2022 aa Be June Rebranding S24 brands cD) September FS24: Best in Class for value for money October Enter advert. partnership with Goldbach & Ringier 25 2023 Oe November Enter long-term partnership with UBS smg
Slide 26: 2023 - Offer more value to users and customers
Investor Day 2023 - Offer more value to users and customers Continue harmoniz swiss marketplace group Continue proc SM Q optimizati Sustainable growth potential for the future smg 26
Slide 27: Introduce cross-vertical offers
27 Investor Day Introduce cross- vertical offers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 28: JobCloud
JobCloud Davide Villa Jobcloup
Slide 29: Purpose
Investor Day 29 Purpose Love what you do - we make employment happen. Jobcioub
Slide 30: JobCloud at a glance
Investor Day 22 years of experience Founded 2013 by merging jobs.ch and jobup.ch (both of them founded in 2000) 257 employees JobCloud is the leading digital company for the Swiss employment market, best known for the job portals jobs.ch and jobup.ch that connect thousands of candidates with the rig
Slide 31: A wide recruiting ecosystem
Investor Day Awide recruiting ecosystem 31 JobCloud offers their clients the possibility to distribute their job ads and their brands within an unbeatable network of local partners. owner ‘Owned Verticals FINANCE !°°s 000 Ringier TOPJOBS owned Brands nenea 4SALES rx) a _—T""— karriere.at — jobwinner
Slide 32: Proof-of-concept
Investor Day 32 Proof-of-concept CH - D E Top of Mind Usage Preference The FIRST platform you think of Have used this platform Favorite platform »jobs.ch Unaide i : — __ Competitor! Competitor 2 Competitor! Competitor 2 Competitor 1 mpetitor 2 6% 5% al i 16% 1% Top of Mind Usage Preference The FIRST
Slide 33: Business model
Investor Day 8 Business model Recruiting Digital Artificial Intelligence/ Marketplace Recruiting Machine Learning - Offerings - - Services - - HR Tech SaaS - Jobcloup
Slide 34: Recruiting marketplace - Job ads classified
Investor Day a Recruiting marketplace - Job ads classified sip | jobupch — »jobsch iy Attract the most relevant candidates for every role within Switzerland’s top ) ecosystem, including jobs.ch and jobup.ch. Jobcioub
Slide 35: Pay per performance, programmatic job ads
Investor Day Recruiting marketplace — pay per performance, programmatic job ads With programmatic Job Ads to fit your budget and optimize your ROI, JobCloud manages your performance for maximum results in less time. Jobcioub
Slide 36: Employer branding
Investor Day ws Recruiting marketplace - employer branding To stand out from the crowd, show your employer brand and company insight to Switzerland's largest candidate audience. Jobcioub
Slide 37: The-network international recruiting
Investor Day 37 Recruiting marketplace — the-network - international recruiting —_o 130+ countries Make the world your hiring pool with JobCloud’s connections to 130+ countries thanks to the-network.com partners (like Stepstone, Totaljobs, Appcast...). JobCloud being one of the 4 founders of the all
Slide 38: Application management tool and multiposting
Investor Day a Recruiting marketplace - integrated application management tool (ATS) and multiposting Track the status of applicants, save exciting profiles for shortlisting or synchronize applications with your own system by using JobCloud's application management tool (ATS). Jobcloup
Slide 39: Digital recruiting services
Investor Day @ Digital recruiting services From active sourcing to vetted candidates and finally hirings “as-a-service”. Spotted - the combination of artificial intelligence with professional/personal recruiters. Jobcioub
Slide 40: AI / ML - HR Tech SaaS
Investor Day ae Artificial Intelligence (Al)/ Machine Learning (ML) - HR Tech SaaS To support recruiting departments with automated sourcing, semantic search/extraction and matching in DACH (joinvision,joveo) Jobcioub
Slide 41: Penetration per customer segment and revenue streams
Investor Day 41 Penetration per customer segment and split by revenue streams m SE (Small) PayPerPerformance Programmatic ME (Medium) = Subscription MarketPlace @ Alotments MarketPlace = LE (Large) Other = SA (Staffing) Revenues =fullcircle Jobcloup
Slide 42: Market opportunities - demographic evolution
Investor Day 42 Market opportunities - demographic evolution 120000 100000 80000 60000 40000 Switzerland’s baby boomers leave the labour market (1946 -1964) 20000 0 aT PEEP EEEE EEE PEPE EEEEEeeEeeereeeeeecaeeereecreeceeerreece BFRSPSRSES RR RSE EE 2228248248 Birth rate Switzerland 1951 - 2021 Jobcl
Slide 43: Average annual values by sector
43 Investor Day 4500 4000 Average annual values, in 1 000 3500 3000 2500 2000 1500 1000 500 0 1960 1970 1980 1990 2000 2010 2020 Primary sector Secondary sector Tertiary sector
Slide 44: Market opportunities - employment
Investor Day 44 Market opportunities Employment in full-time equivalent 12 4.6 ™ Change from previous quarter be tn - Full-time equivalent : employment in million 0.6 43 0.4 | h | 4.2 0.2 41 co ML ta nh hl ‘ -0.2 | 3.9 -0.4 3.8 -0.6 3.7 -0.8 3.6 13, #14 #15 16 17 «+18 ~=#«19 20 21 22 Source: https:/
Slide 45: We are the heart of the Swiss job market
45 We are the heart of the Swiss job market. Jobcloup
Slide 46: Employees by enterprise size
46 Investor Day 2500000 2000000 1500000 1000000 500000 0 Employees Large enterprises Medium enterprises Small enterprises
Slide 47: Business opportunities - key advantages
Investor Day 47 Business opportunities — key advantages Jobcloud.ai offers small companies self-service tools to recruit fast, find better fitting candidates and track the complete application process Largest job advertising network in rland Easy management of applications with the FREE tracking sys
Slide 48: MarketPlace transformation to pay-per-performance
Investor Day 48 Business opportunities: MarketPlace transformation - the journey from pay-per-duration to pay-per-performance Product overview Product overview JC’s programmatic technology automatically distributes and optimizes job ads through a network of channels includingjob boards and social me
Slide 49: Key advantages
Investor Day Key advantages Innovative programmatic advertising technology Higher relevant applicant volume and conversions Faster time-to-hire Up to 40%+ ROI due to increased efficiency, visibility and contro Complete transparency for ads 49 and budget Jobcloup
Slide 50: Growth potential MarketPlace
Investor Day 50 Growth potential MarketPlace * MarketPlace addressable market (narrower or broader, depending on the value chain, customer segment and revenue streams -> pay-per- performance/transactional), growth potential small enterprises coupled with penetration into geographically peripherical
Slide 51: karriere.at
Investor Day a karriere.at Georg Konjovic
Slide 52: Investor Day
52 Investor Day
Slide 53: Vision
Investor Day 53 Vision We ensure that candidates receive suitable job offers Plsnnpllos ate (pull/push) and apply via persons ; . : our systems as quickly as in Austria possible Everyone will find the right job in services provided by karriere.at group. Depending on market segment: karriere.at, jobs
Slide 54: Company profile and milestones
Investor Day a Company profile and milestones 1. Ownership structure: 51% founders / 49% JobCloud AG Full-time employees (FTE): 230 3. karriere.at is Austria's largest job placement and career portal. Companies find suitable candidates on karriere.at, enhanced by suggestions from the CV database. Th
Slide 55: Company profile and milestones
Investor Day Company profile and milestones JOBS.ar 55 Founding and Launch Launch launch Launch jobs.at branding.solution talent.cloud 2004-2005 2012 2013 2014 l | i i T 2009 Investment jobs.ch AG in - karriere.at Launch Introduction new sales bewerber.manager — productportfolio (bundles) App Relaun
Slide 56: Our services - B2B products
Investor Day Our services - B2B products Job ads Self service | job ad creation Employer branding employer.page employer.page Plus branding.solution Active sourcing talent.cloud contact package talent.cloud license Recruiting services bewerber.manager one-click-application | karvieret 56
Slide 57: Our services - B2C products
Investor Day Our services - B2C products Job search www.karriere.at/jobs oder via App Employer page www.karriere.at/firmen Curriculum vitae www.karriere.at/lebenslauf Content (Tools) Salary comparison: www.karriere.at/gehalt Gros-net-calculator: www.karriere.at/c/brutto-netto-rechner | karvieret 57
Slide 58: Proof-of-Concept
Investor Day Proof-of-Concept Network range karriere.at_ competitor competitor2 4.9 mio. 1.254nio. 0.209 mio. Source I: Google Analytics Sources 2+3: Market Research conducted by GfK Austria, 17.10. 58 Brand awareness Brand awareness (aided) (unaided) karriere.at_ competitor competitor2 karriere.at_
Slide 59: Investor Day
59 Investor Day 100% 90% 9 80% 6 70% 6 24 60% 50% 14 40% 11 10 30% 6 7 9 20% 32 10% 22 7 8 8 0% 18 - 24 years 25 - 29 years 30 - 39 years 40 - 49 years 50 - 60 years less than 1 year 1 to 2 years 3 to 4 years 5 to 6 years 7 to 10 years 11 to 15 years 16 to 20 years more than 20 years no answer
Slide 60: Our current business model
Investor Day 60 Business opportunity - our current business model . User acquisition karriere.at Candidate delivery traffic delivery aggregation . . Customer Organic traffic: —< e—_ (career section / applicant Search engine opimization tracking systems “ATS”) (SEO), brand, direct jobad ; karriere.at
Slide 61: Search matching
61 Investor Day search matching
Slide 62: Strategy and objectives
Investor Day Strategy and objectives Applications are the KEY to success ° Wecan count every application * Weare the recipient of every application and forward it to the companies ° Allofour services contribute to this key figure — AT +. | WS \ Our Company Objective (OKR) karriere.at 62
Slide 63: Investor Day
63 Investor Day
Slide 64: Goldbach
Goldbach Michi Frank, Christian Vaglio, Alexander Duphorn, Markus Wirth GOLDBACH
Slide 65: Goldbach as marketer, media platform and digital agency
Investor Day 65 Goldbach acts not only as an advertising marketer but also as swiss media plattform and independent digital agency CURRENT ORGANIZATIONAL STRUCTURE GOLDBACH GROUP CEO Michi Frank Business - Advertising Marketing Buy Side Areas independent Digital agency (Ad Sales TV, Print, OOH, Onli
Slide 66: Goldbach history
66 Investor Day FOUNDING OPERATIONAL GOLDBACH MEDIA MINORITY INTEREST INTEGRATION OF START SevenOne and TX MARKETS Founding of RTL Gruppe of ADVERTISING Radio Z AG Goldbach Audience DECOTION 2015 2019 1983 2021 2001 2018 1993 2007 2020 2022 2000/2002 MERGER WITH IPO TX GROUP ACQUISITION MERGER ADVER
Slide 67: Out of Home
Investor Day Out of Home Christian Vaglio GOLDBACH
Slide 68: NEO integrated 360° OOH solution portfolio
Investor Day NEO as fully integrated Goldbach company offering an attractive 360° OOH solution portfolio with national coverage COMPANY PROFILE NEO ADVERTISING 68 USP General Smart Outdoor 360° OOH Solution Foundation 2003 Service Quality Innovation FTE 100 Product Quality sy soo Screens >11'000 Mar
Slide 69: Investor Day
69 Investor Day Goldbach Group AG 69
Slide 70: Investor Day
70 Investor Day Ville de Genève Nyon Allschwil Onex
Slide 71: NEO main goal: increase national range and market share
Investor Day 71 NEO's main goal is to increase the national range and its market share STRATEGIC MEASURES Analog screens Digital screens Other key inventory Participation in tenders in other top gy inl cities in Switzerland © Growth in private screens sector with focus on Geneva and Lausanne as well
Slide 72: Investor Day
72 Investor Day
Slide 73: Goldbach Media (Switzerland) AG
73 Investor Day Goldbach Media (Switzerland) AG
Slide 74: Regional TV
74 Investor Day Regional TV Goldbach Media (Switzerland) AG
Slide 75: Investor Day
75 Investor Day GERMAN-SPEAKING SWITZERLAND FRENCH-SPEAKING SWITZERLAND 1.1% 31.8% 67.1% Goldbach Media (Switzerland) AG
Slide 76: MIN
76 Investor Day 83% TV**** 12% 14 MIN MIN ** OF WHICH 25 MIN *** TIME-SHIFTED * ** 6% 7 MIN Goldbach Media (Switzerland) AG 76
Slide 77: Investor Day
77 Investor Day • • • • • • Goldbach Media (Switzerland) AG
Slide 78: Investor Day
78 Investor Day Goldbach Media (Switzerland) AG 78
Slide 79: million
79 Investor Day 1500.000 250.000 10.000 25.000 50.550 75.000 90.550 5.200 million 100 150 300 550 999 10 0
Slide 80: Investor Day
80 Investor Day Goldbach Media (Switzerland) AG
Slide 81: Replay ads channels
81 Investor Day THESE CHANNELS FROM THE GOLDBACH MEDIA MORE CHANNELS PORTFOLIO WILL WILL FOLLOW BROADCAST THE REPLAY ADS AS OF 4 OCTOBER 2022 Goldbach GoldbachMedia Media(Switzerland) AGAG (Switzerland)
Slide 82: Scan a QR code to learn more about replay ads
82 Investor Day YOUR CHANCE TO SCAN A QR CODE AND LEARN MORE ABOUT REPLAY ADS Goldbach GoldbachMedia Media(Switzerland) AGAG (Switzerland)
Slide 83: Investor Day
Investor Day 83 Goldbach Media (Switzerland) AG
Slide 84: Investor Day
Investor Day 84 Goldbach Media (Switzerland) AG
Slide 85: Investor Day
85 Investor Day Goldbach Media (Switzerland) AG
Slide 86: Investor Day
86 Investor Day Goldbach Media (Switzerland) AG
Slide 87: Investor Day
87 Investor Day Goldbach Media (Switzerland) AG
Slide 88: Investor Day
88 Investor Day Goldbach Media (Switzerland) AG
Slide 89: Investor Day
89 Investor Day 0 0 15 25 Goldbach Media (Switzerland) AG
Slide 90: Investor Day
90 Investor Day Goldbach Media (Switzerland) AG
Slide 91: Goldbach Group AG
91 Investor Day Goldbach Group AG
Slide 92: One Media Platform
92 Investor Day One Media Platform Goldbach Group AG
Slide 93: Investor Day
93 Investor Day Goldbach Group AG
Slide 94: Investor Day
94 Investor Day Goldbach Group AG
Slide 95: Ambitions & Outlook
Investor Day 95 Ambitions & Outlook
Slide 96: Tamedia peer group and guidance
Investor Day 96 Tamedia’s Peer Group consists of 11 companies, all mainly active in the media sector. Most of those publicly listed provide information about targets/ guidance. Company Name Segment Name public Guidance a Alma Media Oyj Alma Consumer yes yes, long-term financial targets on group leve
Slide 97: Example: Guidance at Alma Media
Investor Day Example: Guidance at Alma Media Updated long-term financial targets” REVENUE GROWTH (%4) 196 65 a — a8 Bo 2018 2019202020219 2022 ADJUSTED OPERATING MARGIN (%) 253 2018 201920202021 3-9 2022 + betsy almamedia f/en/newsroom NET DEBT/EBITDA RATIO** 23 u 2018 2019-2020 2021.79 2022 mmmRepo
Slide 98: Peers handle guidance differently
Investor Day 98 Tamedia’s peers handle the guidance differently, but revenue growth and profit are always part of it short term DMGT Scum RS vocema NZZ, -|5 me revenue oL me DMGT Scunmsten RE Ease vocento NZZ result-margin BL nea DMGT Same & Eensa vocenta NZZ Specification lower limit oL na DMGT Een
Slide 99: Future guidance for Tamedia long-term, margin, bandwidth
Investor Day 99 Future guidance for Tamedia will be long-term, covering margin and presented as bandwidth Ee Comment short term Time horizon revenue KPI lower limit Specification mid-/long term Gc result-margin cashflow & cash other bandwidth growth rate descriptive Time horizon: Long term as. Tamed
Slide 100: No revenue guidance due to volatility
Investor Day No guidance on revenue will be given due to high volatility, transformation and external factors Revenue Growth Implication for financial guidance 100 10088 sos 00% 5.0% 10.0% oa 1 XN sao o Quarter — 200% aos 2016 20x? 2018 209 2020 rox 2soercentle 15386 60% 03% 29% 20% an2% 2am edn 13%
Slide 101: Peer group EBITDA margin basis for ambition level
Investor Day 101 The financial development of the Tamedia Peer Group forms the basis for Tamedia's future ambition level. EBITDA Margin Implication for financial guidance soos BBITDA Margin, Operating index * Margins are clearly more stable, which shows the ability of “es -- 4.Quarter media business
Slide 102: Outlook
Investor Day Outlook * Financial peer groups already exist for all segments. Due to the different business models, there is no suitable peer for the TX Group, but the guidance for the TX Group will be derived from the guidance of the subgroups. * Depending on the current positioning in the peer grou
Slide 103: We contribute to a free society.
Investor Day 103 We contribute to a free society.
Slide 104: Investor Day
Investor Day 104 T%
Slide 105: Slide 105