Africa Bitcoin Corporation Limited · JSE:BAC
Africa Bitcoin — Altvest Capital Solutions — Investor Presentation (October 2025)
69 slides from Africa Bitcoin's investor presentation, October 2025
Slide 1: Smart funding solutions
Q4 2025 | Altvest Capital Solutions Ltd employs Altvest Wealth (Pty) Ltd, FSP 48510, to undertake FAIS regulated activities. Altvest Credit Opportunities Fund Limited is an authorised credit provider, NCRCP18241 smart funding solutions Partnering with africa’s SMEs To build a brighter future
Slide 2: Introduction to Altvest Capital Solutions
introduction to altvest capital solutions what we do: our value add to south africa: • Provides SME’s access to debt and equity funding solutions; • Access to alternative capital pools for entrepreneurs; • Allows investors, including retail investors, to co-fund these capital needs; • A focus on wom
Slide 3: Altvest Capital Solutions in a nutshell
altvest capital solutions in a nutshell Democratising private equity & driving SME growth Who we are • South African asset management company owned by a JSE, A2X and NSX listed investment company • Level 1 B-BBEE contributor and SAVCA member. • Vertically integrated capital platform, purpose-built t
Slide 4: Investment terms
investment terms Fund Structure Structure Open - ended Fund Manager Altvest Capital Solutions Subscription Method Equity/DMTN Program Ord & Pref Shares & Debt Instrument - Direct Notes Redemption Notice None Africa Bitcoin Ordinary Debt Basic Terms Shareholding Corporation Funding Class C (BACC) Tar
Slide 5: Altvest, internationally recognised
altvest, internationally recognised Altvest has won an Environmental Finance’s Sustainable Investment award and an International Finance Award Best ESG Investment Initiative of the Year, Africa 2023 Awarded to asset owners, fund and portfolio management companies that demonstrate new methods or acti
Slide 6: Introduction to the Altvest Credit Opportunities Fund
introduction to the altvest credit opportunities fund Our business focuses on delivering economic value and impact to 3 groups What is acof? ACOF specialises in providing smart Investors funding solutions to SMEs by offering Private Credit product offering target equity tailored funding for working
Slide 7: Key fund highlights
key fund highlights pricing impact products returns Our loans are priced Our impact credentials Structured finance with a • Debt: SA Prime +2% between 18%-28%a.p.r, can lower the borrowing focus on working capital, • Equity: IRR = c 26% - based on the product and cost for SMEs by up to asset-backed
Slide 8: ACOF's performance since inception
acof’s performance since inception R 320 million Deployed Since inception 39 SMEs funded 47 Months Average Term Capita Value of Deals in Deployed Security Pipeline R 320 million R 618 million R 587 million R 5,078,314 Average Loan Size R 30,000,000 Largest Loan 1135 520 R 281,631 R 615,257 Jobs have
Slide 9: ACOF's approach in detail
acof’s approach in detail A solution that supports growth and reduces defaults SUPPORTIVE OF WOMEN-FOCUSSED FUND STRUCTURE & TECH INITIATIVES VARIETY OF FUNDING CAPITAL STRUCTURE INSTRUMENTS The building blocks needed to solve the funding conundrum TRUSTED INVESTMENT SUPPORT TECHNOLOGY GOVERNANCE DE
Slide 10: ACOF pricing
acof pricing howwomen empowerment credentials lower the costof borrowing for why SMEswe prioritize women-owned and run SMEs • Supporting women-run SMEs can positively impact the economy; • Prioritizing women-led SMEs promotes gender equality, prevailing biases and stereotypes; • Prioritizing women-l
Slide 11: Across the continent
we aim to finance the real economy across the continent We’ve seen the impact of our The Same Structural Gaps support locally Exist Across Africa • R 336 million assets under management • $331 billion SME financing gap in Sub-Saharan Africa, underscoring the vast unmet demand for • 39 SMEs funded ac
Slide 12: Our targeted structure
our targeted structure We will leverage our existing core structure, with amendments to service African markets Debt Equity ACOF already has listed instruments for raising both debt VIA CTSE LISTED VIA JSE LISTED (DMTN Notes) and equity (listed shares), which are able to DMTN ABC CLASS C support its
Slide 13: Our commitment
our commitment to expanding ACOF into Africa will require support from a strategic partner What we bring What we need Locally-led leadership Aligned anchor capital Our Chairperson is a Botswana national, and our CIO has We’re seeking institutional investors committed to Africa’s pan-African lending
Slide 14: Collaboration opportunities
collaboration opportunities To bolster the SME pipeline and amplify ACOF’s transformative potential, we seek to partner with corporations that have substantial procurement expenditures across multiple industries Benefits for Benefits for Benefits for ACOF Suppliers Partner Forge mutually beneficial
Slide 15: ACOF collaboration with JSE and MTN
so far acof has collaborated with the JSE and MTN ACOF aims to broaden SME access to funding and mentorship The JSE has partnered with the Western Cape government to support SMEs with funding solutions. ACOF participates in this programme as a capital provider. The programme allows ACOF to: • Provid
Slide 16: Our people
our people Khaya Sithole Snowy Masakale Warren Wheatley Warren Wheatley Independent Non-Executive Director Chief Executive Officer Executive Director Investment Specialist External ACOF IC Bright Khumalo Sibongile Maputla Akshay Karan Akshay Karan Independent Non-Executive Director Chief Investment
Slide 17: Current offer
current offer Name: Altvest Credit Opportunities Fund Share Code: BACC Financial Exchange: JSE AltX Subsector: Diversified Financial Services Type of Instrument: Hybrid Financial Instrument Issue Price: R 3.40 Shares available: 5,882,353 Minimum: No minimum
Slide 18: How South African investors can invest in ACOF
how South African investors can invest in ACOF There are four different ways to invest in ACOF for South African investors 01 02 03 04 Via your existing JSE-Registered Complete an Expression Swap your crypto for Trade on the Open Market broker of Interest ACOF shares • You can acquire shares directl
Slide 19: How to reach us
how to reach us Chrizelle van der Colff Business Manager Mobile: +27 71 603 1973 Email: chrizelle@altvestcapital.co.za Tatum Keshwar Executive Director Mobile: +27 82 532 5314 Email: tatum@altvestcapital.co.za
Slide 20: Annexures
annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 21: The current funding environment
the current funding environment SMEs are fundamental to the ACOF’s Target Market: SMEs ACOF’s Target Funders: Private credit is emerging as: economy but struggle to access SMEs are essential to the SA economy • Expected to generate 90% of new jobs • A rapidly growing segment of the appropriate finan
Slide 22: ACOF's solution
acof’s solution ACOF has designed a unique integrated solution to solve the complex funding problem TECHNOLOGY EXPERIENCED PARTNERS MEDIA LEADERSHIP TAILORED FUNDING SOLUTION Technology allows ACOF to The teams is well equipped Unique media coverage An experienced IC and BOD Bespoke solutions that f
Slide 23: ACOF's investment focus
ACOF actively seeks to acof’s deliver risk-adjusted returns to our investors with a investment focus strong focus on capital protection and preservation ACOF seeks to provide Private Credit funding solutions to companies with a significant female presence ACOF’s transactions are directly originated
Slide 24: Investment risk and credit risk management in ACOF
investment risk and credit risk management in acof Supporting fundamentally strong businesses at appropriate lending rates with an obsessive focus on risk mitigation Funding Mix Available to Investors via different Entry Points: Loan Size Debt Dedicated experienced analyst team • Facilities typicall
Slide 25: Forecasted IRR to investors
forecasted IRR to investors is ~ 26% - 28% over a 7 year horizon Inputs and assumptions (R, where applicable) • We have determined the equity value of ACOF to be ~R Initial Valuation R 220,000,000 220 mil, based on a discounted cash flow analysis and supported by an external valuation. Tranche one i
Slide 26: Key fund terms
key fund terms Sources of Funds (R mil) Uses of Funds (R ’mil) Funds (R'm) Raised Per Financial Year: Impact/Social Institutional Equity Per Annum Donations Fixed Note Holders Capital Capital Capital Fund Manager Costs FY1 R295.00 - - - R250.00 R45.00 FY2 R572.00 R2.00 R20.00 - R500.00 Expence/Liqui
Slide 27: Key fund terms: IRR scenario analysis
key fund terms IRR SCENARIO ANALYSIS Key assumptions Default rate* on Asset Finance Overall returns are most sensitive to the default rate of loans and the IRR Matrix Upfront fee on upfront fees on Working Capital. As working capital loans represent the 7% 6% 5% 4% 3% Working Capital largest portion
Slide 28: The ACOF investment philosophy and process
the acof investment philosophy and process Our Philosophy has been founded upon the following three pillars. These pillars are intrinsic to each stage of our process Our Three Pillars ACOF Borrower Profile • Female presence within a business is incentivised • Established business with a proven busin
Slide 29: Investment themes and alignment to UNSDGs
investment themes and alignment to UNSDG’s While by no means restricting its mandate to the investment themes below, ACOF will actively attempt to source deals in the following classes Bias toward women-owned enterprises and undertakings 1. SMEs: 2. Infrastructure: 3. Sustainability: 4. Education: S
Slide 30: Governance and support
governance and support risk and compliance framework Policies, Frameworks, Procedures, Regulators Board • Board Charter • Director Declarations • Delegation of Authority Committees • Audit Committee • Social and Ethics • Investment Committee Key Internal Policies • Code of conduct • Conflict of Inte
Slide 31: Annexures
annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 32: Equity participation in ACOF
equity participation in acof Ordinary shareholding, as well as Africa Bitcoin Class C share participation in ACOF, will offer investors an equity-like return Ordinary Equity returns will therefore be driven by the Shareholding performance of ACOF, with an attractive targeted IRR of c. 26% - 28% Ordi
Slide 33: DMTN programme participation in ACOF
DMTN programme participation in acof Investor participation can be accessed through the listed DMTN program. Ordinary Shareholding Institutional investors, with an appetite for Ordinary private debt, will be offered the opportunity to Shareholding participate via the listed DMTN on the CTSE. Asset M
Slide 34: Direct debt participation in ACOF
direct debt participation in acof Investors wishing to provide bespoke funding terms to ACOF, may also do so via a direct structured loan to ACOF Ordinary This bespoke approach will allow investors to Shareholding negotiate terms that align with its risk assessment and return expectations. Ordinary
Slide 35: Grant funding participation in ACOF
grant funding participation in acof Investors seeking to provide grant funding to achieve their ESG and social responsibility targets are also afforded an opportunity to participate in the capital raise. Grant funding plays a crucial role in supporting SMEs in South Africa by providing the necessary
Slide 36: Annexures
annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 37: ACOF screening criteria
acof screening criteria Your business needs to adhere to the following criteria for ACOF to process and approve your loan request Your business has been in operation for longer than 1 year? Your business has a turnover of more than R1 000 000 per year? No judgements against your company or directors
Slide 38: Overview of ACOF lending process
overview of acof lending process 1. Quote process : Applicant obtains a quote on the lending platform on an 6. The full loan pack is presented to the ACOF investment committee estimated “pre-approval” amount 2. Application process : Applicant completes formal application on the 7. Approval / Decline
Slide 39: Loan process: initial due diligence phase
loan process understanding the initial due diligence phase • Altvest Credit Opportunities Fund Credit scoring is a TransUnion provide: Affordability Assessment • Details around general commercial and credit behavior • Altvest Credit Opportunities Fund receives an in-depth combination of data analyti
Slide 40: Loan process: digital platform powered by CreditEase
loan process OUR DIGITAL PLATFORM POWERED BY CREDITEASE Scaling Altvest Credit Opportunities Fund’s lending operational excellence and credit risk analysis capability – reducing subjective analysis and ensuring objectivity CREDIT SCORE DSC The tri-factor credit moderation process establishes a credi
Slide 41: The ACOF product platform
the acof Registration Onboarding product platform Assessments Compliance Disbursements Project Finance Vehicle Structured The platform at our disposal is not Finance Finance only robust but also brimming with Web an extensive array of functionalities that are yet to be fully explored Micro Asset Fin
Slide 42: Loan process: post-investment phase
loan process understanding the post-investment phase The platform at our disposal is not only robust but also brimming with an extensive array of functionalities that are yet to be fully explored Monitoring loans to prevent defaults Post-Loan Risk Management • Post-investment monitoring is conducted
Slide 43: Annexures
annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 44: ACOF has partnered with the JSE enterprise acceleration programme
acof has partnered with the JSE enterprise acceleration programme to broaden SME access to funding The JSE has partnered with the Western Cape government … and ACOF is proud to partner to expand to support SMEs with funding solutions… our impact drivers Our focus is on providing affordable funding s
Slide 45: Annexures
annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 46: ACOF external investment committee
acof external investment committee Altvest Credit Opportunities Fund external investment committee, driven by Expertise, Diversity, Proven Success, and Unstoppable Energy SNOWY MASAKELE MAZVITA MARADZIKA •20+ years of experience in Institutional Capital raising and Asset Management •20 + years of ex
Slide 47: ACOF internal investment committee
acof internal investment committee Altvest Credit Opportunities Fund internal investment committee, driven by Expertise, Diversity, Proven Success, and Unstoppable Energy WARREN WHEATLEY TATUM WHEATLEY •20 + years of experience across Asset Management, Private Equity, Banking and Institutional •10 +
Slide 48: ACOF internal investment committee
acof internal investment committee Altvest Credit Opportunities Fund internal investment committee, driven by Expertise, Diversity, Proven Success, and Unstoppable Energy REGGIE DLAMINI NICOLAS MUGISHA •All aspects of mergers and acquisitions, reorganisations and general corporate transactions in •~
Slide 49: ACOF board of directors
acof board of directors The Altvest Credit Opportunities Fund Board of Directors brings an exceptional level of experience, diversity, track record and energy – Independent Directors: NORMA SEPHUMA KHAYA SITHOLE •20 + years of experience in Academia, Banking and Development Finance •Khaya has 20+ ye
Slide 50: ACOF board of directors
acof board of directors The Altvest Credit Opportunities Fund Board of Directors brings an exceptional level of experience, diversity, track record and energy – Independent Directors: MAZVITA MARADZIKA SIBONGILE MAPUTLA •20 + years of experience in investments and financial services •20 + years of e
Slide 51: ACOF board of directors
acof board of directors The Altvest Credit Opportunities Fund Board of Directors brings an exceptional level of experience, diversity, track record and energy – Executive Directors: TATUM WHEATLEY WARREN WHEATLEY •10 + years of experience in Media, Marketing and Behavioural Finance •20 + years of ex
Slide 52: Staff statistics
staff statistics 66% Female Directors BEE Level 2 36 Average Age of Execution Team 44 Average Age of Non-Executive Board Members Over 200 years of combined experience
Slide 53: Annexures
annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 54: Who Altvest Capital Solutions is
who altvest capital solutions is The Altvest Credit Opportunities Fund Board of Directors brings an exceptional level of experience, diversity, track record and energy – Independent Directors: A PLATFORM THAT ENABLES ENABLING DIRECT INVESTMENTS IN UNLISTED ASSETS Altvest Capital Solutions transforms
Slide 55: How it works
how it works: Altvest Capital Solutions acquires stakes in qualifying entities, funded by listing preferred ordinary shares: The preferred ordinary shares represent the economic value of the underlying investment opportunities E.g. proceeds from Listed Pref Ordinary Share 2 were used to fund the acq
Slide 56: Altvest has reached several milestones so far
and altvest has reached several milestones so far JUL ACOF receives its OCT second institutional ACOF’s total APR mandate, listing R30 deployment JUL 2021 Final tranche of DEC million worth of shares amounts to R189 ACOF secures its MAY Bambanani Shares ACOF begins and receiving an million to 26 5th
Slide 57: Examples of how our platform has raised millions for SMEs
examples of how our platform has raised millions for SMEs Umganu Lodge is a ultra luxury 5-bedroom Bambanani is a unique family-centric ACOF offers tailored funding financing Villa on the banks of the Sabie River restaurant in Melville solutions to SMEs R24 million raised R17 million raised ≈R500 mi
Slide 58: Our value add
our value add is focused on businesses, investors and broader society FOR FOR FOR BUSINESSES INVESTORS SOCIETY Provide capital solutions aimed at addressing Access to asset classes that are diversified, Democratise access to private equity by allowing the lack of fit-for-purpose funding mechanisms d
Slide 59: What makes Altvest Capital Solutions unique
what makes altvest capital solutions unique • Great investment ideas have traditionally been shared between small networks and not accessible QUALITY INVESTMENT OPPORTUNITIES ARE INACCESSIBLE TO RETAIL INVESTORS • Altvest Capital Solutions aims to provide a publicly accessible platform connecting ca
Slide 60: Altvest Capital Solutions investment strategy
altvest capital solutions investment strategy is premised on supporting fundamentally strong businesses at the right valuation Key principles driving our investment strategy ALIGNMENT OF UNDERVALUED ATTRACTIVE BUSINESS VALUE INVESTING PROTECTION OF CAPITAL STAKEHOLDER PARTNERSHIP BUSINESSES MODEL IN
Slide 61: Our opportunities are sourced via a multi-channel strategy
our opportunities are sourced via an innovative, multi-channel strategy Key principles driving our investment strategy THE IDEAL FIT OPPORTUNITY SELECTION Our ideal investment partner demonstrates traits of a traditional online equity We have listing created application process a multi-platform, mul
Slide 62: Philosophy of shared value
altvest capital solutions is committed to a philosophy of shared value between previously excluded communities and capital markets OUR UNDERSTANDING PHILOSOPHY OUR PROCESS We believe investment opportunities should not neglect those who need them the Our philosophy drives our investments process, we
Slide 63: Our operating model
and our operating model ensures that we remain close to investment companies, both during and after listing SHAREHOLDER EXECUTIVE MANAGEMENT SUPPORT PERFORMANCE MANAGEMMENT & CORPORATE ENGAGEMENT CAPITAL ALLOCATION GOVERNANCE • We foster collaborative relationships with key • Engage with CEO / CFO /
Slide 64: ESG integrated into the investment process
altvest capital solutions has actively integrated ESG into every part of the investment process INVESTMENT ESG STEP INTERGRATION Community input to ensure prospective investments Origination represent desired, yet unattainable, asset classes Investment scorecard explicitly includes environmental, Ev
Slide 65: Altvest Wealth
altvest wealth Altvest Wealth is an integrated, technology-enabled platform that provides our retail investors with access to a suite of investment opportunities Altvest Bookbuilds Retirement Annuity 470+ CLIENTS ONBOARDED Insurance Altvest Retirement Products Annuity AUM: R2,2 million Total Investm
Slide 66: Africa Bitcoin Corporation directors
africa bitcoin corporation directors To drive our best practices, our team is well conceptualised. We understand that, to succeed, we must attract the right people to our firm. As such, our board is rich with experience STAFFORD MASIE BRIGHT KHUMALO •Stafford Masie has over 20+ years of experience i
Slide 67: Africa Bitcoin Corporation directors
africa bitcoin corporation directors To drive our best practices, our team is well conceptualised. We understand that, to succeed, we must attract the right people to our firm. As such, our board is rich with experience KHAYA SITHOLE NORMA SEPHUMA •Khaya has 20+ years of experience in the finance in
Slide 68: Media reach for Altvest & ACOF
media reach for altvest & acof Leveraging media to attract investors and borrowers, raise brand awareness and provide access to market opportunities Twitter is leveraged to share insights relating to potential assets to 5.2M Twitter Impressions be listed on Altvest and provide thought leadership Alt
Slide 69: Confidentiality disclaimer
CONFIDENTIALITY This confidential document has been prepared by Altvest Credit Opportunities Fund Proprietary Limited (“Altvest Credit”).This document has been prepared for information only and is solely for the use by Altvest Credit by and the intended recipients of this document. This document, it
Altvest Capital Solutions — Investor Presentation (October 2025) on 6ix