Africa Bitcoin Corporation Limited · JSE:BAC
Africa Bitcoin — Altvest Capital — Investor Presentation (June 2025)
62 slides from Africa Bitcoin's investor presentation, June 2025
Slide 1: Smart Funding Solutions
SMART FUNDING SOLUTIONS PARTNERING WITH AFRICA’S SMEs TO BUILD A BRIGHTER FUTURE Altvest Capital Ltd employs Altvest Wealth (Pty) Ltd, FSP 48510, to undertake FAIS regulated Q1 2025 activities. Altvest Credit Opportunities Fund Limited is an authorised credit provider, NCRCP18241 1
Slide 2: Introduction to Altvest
INTRODUCTION TO ALTVEST WHAT WE DO: ` THE BASICS OF ALTVEST REGULATED, LOW COST PLATFORM Provides SME’s access to debt and equity funding solutions; Allows investors, including retail investors, to co-fund these capital needs; and In so doing democratizes investment in private equity and other alter
Slide 3: Altvest in a Nutshell
ALTVEST IN A NUTSHEL Altvest is a listed company with its core features overlapping a traditional private equity fund Altvest retains a stake in each listing to ensure alignment with the success of the listing company as well as investors as a whole Altvest identifies and carefully selects investmen
Slide 4: Altvest, internationally recognised as a leading ESG initiative
ALTVEST, INTERNATIONALLY RECOGNISED AS A LEADING ESG INITIATIVE Altvest has won an Environmental Finance’s Sustainable Investment award and an International Finance Award Awarded to asset owners, fund and portfolio management companies that Best ESG Investment Initiative demonstrate new methods or a
Slide 5: Introduction to the Altvest Credit Opportunities Fund
INTRODUCTION TO THE ALTVEST CREDIT OPPORTUNITIES FUND Our business focuses on delivering economic value and What is ACOF? impact to 3 groups ACOF specialises in providing smart funding solutions to SMEs by offering tailored funding for working capital, asset finance, and energy projects Investors Pr
Slide 6: Key Fund Highlights
KEY FUND HIGHLIGHTS PRICING IMPACT PRODUCTS RETURNS Our loans are priced Our impact credentials Structured finance with o Debt: SA Prime +2% between 18%-28%a.p.r, can lower the borrowing a focus on working based on the product cost for SMEs by up to capital, asset-backed o Equity: IRR = c 26% - and
Slide 7: ACOF's Performance Since Inception
ACOF’s PERFORMANCE SINCE INCEPTION ACOF has deployed R278 million across multiple capital sources, reallocating and refinancing legacy positions where appropriate to align with evolving mandate requirements R278 million Deployed Funding to 37 SMEs in 20 distinct Since inception 964 economic industri
Slide 8: ACOF's Approach in Detail
ACOF’S APPROACH IN DETAIL A solution that supports growth and reduces defaults 01 03 SUPPORTIVE OF WOMEN- FUND VARIETY OF FOCUSSED CAPITAL STRUCTURE & FUNDING INITIATIVES STRUCTURE TECH INSTRUMENTS 02 04 The building blocks needed to solve the funding conundrum TRUSTED INVESTMENT SUPPORT TECHNOLOGY
Slide 9: ACOF Pricing
ACOF PRICING How women empowerment credentials lower the cost of borrowing for SMEs Why we prioritise women-owned & run Impact Drivers ACOF invoice discounting can be 25% - SMEs Each selection is equally weighted at a 5% discount to 40% lower than competitors the borrowing rate. Up to 25% in total S
Slide 10: ACOF Investment Structure
ACOF INVESTMENT STRUCTURE ACOF will aim to raise debt and equity capital via listed markets, and on-lend that capital to SME’s, with preference given to women-owned and/or managed and/or staffed businesses in South Africa Fund Manager Asset Management Agreement Ordinary Shareholding Altvest Altvest
Slide 11: Investment Terms
INVESTMENT TERMS Fund Structure Structure Open - ended Fund Manager Altvest Capital Ltd Subscription Method Equity/DMTN Program Ord & Pref Shares & Debt Instrument - Direct Notes Redemption Notice None Basic Terms Ordinary Altvest Class C Debt Shareholding (ALV C) Funding Target Capital Raise Up to
Slide 12: Collaboration Opportunities
COLLABORATION OPPORTUNITES 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 p
Slide 13: ACOF has collaborated with the JSE, MTN & NSBC
SO FAR ACOF HAS COLLABORATED WITH THE JSE, MTN & NSBC 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: • Pr
Slide 14: Our People
OUR PEOPLE Stafford Masie Warren Wheatley Snowy Masakale Sibongile Maputla Independent Executive Investment Private Specialist EXTERNAL ACOF IC Chairman Director Credit ALTVEST BOD GG Alcock Khaya Sithole Ewa Mazvita Maradzika Independent Independent Harcourt-Wood Structured Non-Executive Director N
Slide 15: 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 16: Annexures
Annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 17: The Current Funding Environment
THE CURRENT FUNDING ENVIRONMENT SMEs are fundamental to the ACOF’s Target Market: SMEs ACOF’s Target Funders: economy but struggle to access appropriate financing SMEs are essential to the SA economy Private credit is emerging as: (This problem is particularly acute for female-led SMEs, which are st
Slide 18: ACOF's Solution
ACOF’s SOLUTION ACOF has designed a unique integrated solution to solve the complex funding problem EXPERIENCED MEDIA TECHNOLOGY LEADERSHIP PARTNERS TECHNOLOGY EXPERIENCED MEDIA LEADERSHIP TAILORED FUNDING PARTNERS SOLUTION Technology allows ACOF to The teams is well equipped Unique media coverage A
Slide 19: ACOF's Investment Focus
ACOF’s INVESTMENT FOCUS ACOF seeks to provide Private Credit funding solutions to companies with a significant female presence ACOF - Investment Offering SOURCES OF RETURN FUNDING SITUATIONS FUNDING INSTRUMENTS ACOF actively seeks to deliver risk- • Arrangement fee • Working capital • Secured term l
Slide 20: 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: Dedicated experienced analyst team Loan Size Debt • Facilities typicall
Slide 21: Forecasted IRR to Investors is ~26%-28%
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 ~R220 mil, based on a Initial Valuation R 220,000,000.00 discounted cash flow analysis and supported by an external valuation. Tranche 1 I
Slide 22: Key Fund Terms
KEY FUND TERMS Sources of Funds (R’ mil) Uses of Funds (R’mil) Funds (R'm) Raised Per Fi nancial Year: Per Annum Donations Impact/Soci al Instituti onal Fi xed Note Holders Equit y Capital Deployed by Product Capi tal Capi tal Capi tal Fund Manager Costs R4,500 R140 FY1 R295.00 - - - R250.00 R45.00
Slide 23: 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 fees on Working Capital. As working capital loans represent the Upfront fee on 7% 6% 5% 4% 3% Working Capital largest portion
Slide 24: 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 ACOF Borrower Profile • Female presence within a business is incentivised • Established business with a proven business model and scop
Slide 25: 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 26: 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 27: Annexures
Annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 28: Equity Participation in ACOF
EQUITY PARTICIPATION IN ACOF Ordinary shareholding, as well as Altvest Class C share participation in ACOF, will offer investors an equity-like return Equity returns will therefore be driven by the performance of Fund Manager ACOF, with an attractive targeted IRR of c. 26% - 28% Asset Management Agr
Slide 29: DMTN Programme Participation in ACOF
DMTN PROGRAMME PARTICIPATION IN ACOF Investor participation can be accessed through the listed DMTN program. Fund Manager Asset Management Agreement Ordinary Shareholding Institutional investors, with an appetite for private debt, will be offered the opportunity to participate via the listed DMTN on
Slide 30: 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 This bespoke approach will allow investors to negotiate terms that Fund Manager align with its risk assessment and return expectations. Asset Management A
Slide 31: 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 Fund Manager Africa by providing
Slide 32: Annexures
Annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 33: 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 34: 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 35: 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 analy
Slide 36: 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 cre
Slide 37: The ACOF Product Platform
THE ACOF PRODUCT PLATFORM 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 Registration Onboarding Assessments Compliance Project Finance Vehicle Structured Disbursement Finance Finance s Web Micro Asset fi
Slide 38: Loan Process - Post-Investment Phase
LOAN PROCESS - UNDERSTANDING THE POST-INVESTMENT PHASE Monitoring loans to prevent defaults Post-Loan Risk Management • Post-investment monitoring is conducted collectively by the Altvest Credit Opportunities Fund (via monitoring of loan repayments and evaluation of financial statements) and CTSE (v
Slide 39: Annexures
Annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 40: ACOF 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 our impact to support SMEs with funding solutions… drivers Our focus is on providing affordable funding s
Slide 41: Annexures
Annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 42: ACOF External Investment Committee
ACOF EXTERNAL INVESTMENT COMMITTEE Altvest Credit Opportunities Fund external investment committee, driven by Expertise, Diversity, Proven Success, and Unstoppable Energy EWA SNOWY SIBONGILE MAZVITA AMANDA HARCOURT- MASAKELE MAPUTLA MARADZIKA KABAGAMBE WOOD •20+ years of experience in •20 + years of
Slide 43: 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 AKSHAY TATUM CHRIZELLE REGGIE NICOLAS WHEATLEY KARAN KESHWAR VAN DER DLAMINI MUGISHA COLFF •20 + years of experience •10 +
Slide 44: 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 SNOWY KHAYA EWA SEPHUMA MASAKALE SITHOLE HARCOURT- WOOD • 20 + years of experience in •20+ years of experience
Slide 45: 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 AKSHAY WARREN KESHWAR KARAN WHEATEY •10 + years of experience in Media, •10 + years of experience in •20 + years
Slide 46: Staff Statistics
STAFF STATISTICS 66% Female Directors BEE Level 2 Average Age of Execution Team: 36 Average Age of Non-Executive Board Members: 44 Over 200 years of combined experience | 46
Slide 47: Annexures
Annexures 1. Additional Information 2. Additional Investment Information 3. Loan Process & Platform 4. Collaborations & Partnerships 5. Team 6. Altvest Capital
Slide 48: Who Altvest Is
WHO ALTVEST IS A PLATFORM THAT ENABLES INVESTORS ENTREPRENEURS Cost effective mechanism to invest in and gain exposure to alternative Raise capital from retail & assets institutional investors Support entrepreneurs by Raise equity or debt from capital participating in their capital markets raising E
Slide 49: Altvest acquires stakes funded by listing preferred ordinary shares
Altvest 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 acquisition of investment stake in
Slide 50: Altvest Has Reached Several Milestones So Far
AND ALTVEST HAS REACHED SEVERAL MILESTONES SO FAR April 2022 Sep 2022 Dec 2022 Nov 2023 Dec 2023 Oct 2024 Fully Listing of Winner of ACOF ACOF begins Altvest Capital, subscribed Umganu Lodge Most receives its distributing along with all capital raise Pref Shares on Innovative first loans to SMEs its
Slide 51: Examples of How Our Platform Has Raised Millions for SMEs
EXAMPLES OF HOW OUR PLATFORM HAS RAISED MILLIONS FOR SMEs UMGANU BAMBANANI ALTVEST CREDIT LODGE FAMILY OPPORTUNITIES FUND Umganu Lodge is a ultra luxury 5-bedroom Villa on the Bambanani is a unique family-centric restaurant in ACOF offers tailored funding financing solutions to banks of the Sabie Ri
Slide 52: Our Value Add for Businesses, Investors and Society
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 53: What Makes Altvest Unique
WHAT MAKES ALTVEST UNIQUE • Great investment ideas have traditionally been shared between small networks and not accessible QUALITY INVESTMENT OPPORTUNITIES ARE INACCESSIBLE TO RETAIL INVESTORS • Altvest aims to provide a publicly accessible platform connecting capital to ideas • The platform itself
Slide 54: Altvest's Investment Strategy
ALTVEST’S 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 INTERESTS Our inve
Slide 55: Opportunities Sourced via 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 We have created a multi-platform, multi-channel investment sourcing model that
Slide 56: Philosophy of Shared Value
ALTVEST 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 Our philosophy drives our investments process, we believe growth is the
Slide 57: Operating Model Close to Investment Companies
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 / Boa
Slide 58: Altvest Has Integrated ESG into Every Part of the Investment Process
ALTVEST 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, Evaluation and execu
Slide 59: 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 Products Altvest Retirement Annuity AUM: R2,2 million ASSETS AVAILA
Slide 60: Altvest Capital Directors
ALTVEST CAPITAL 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 WARREN WHEATLEY KHAYA SITHOLE GG ALCOCK NORMA SEPHUMA • Staff
Slide 61: 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 5.2M Twitter Impressions Twitter is leveraged to share insights relating to potential assets to be listed on Altvest and provide thought leadership Alt
Slide 62: Confidentiality Disclaimer
CONFIDENTIALITY DISCLAIMER This confidential document has been prepared by Altvest Credit Opportunities Fund Proprietary Limited (“Altvest Certain statements in this document (other than the statements of historical fact) may contain forward-looking Credit”).This document has been prepared for infor