STRT : IPO presentation

About this update from Strt Holding Nyrt.

STRT HOLDING INVESTOR PRESENTATION November 2025 This presentation constitutes advertising material. The prospectus relating to the initial public ofifiering ofi the shares and their admission to trading on a regulated market was approved by the Central Bank ofi Hungary (Magyar Nemzeti Bank - CBH) pursuant to its Resolution No. H-KE-III-799/2025, dated 19. November 2025. The approval ofi the prospectus by the CBH shall not be construed as an endorsement ofi the securities to be ofifiered or admitted to trading. The original version ofi this presentation, as well as the prospectus prepared and approved in connection with the ofifiering an d admission ofi the shares to trading, are available in the Hungarian language only. The ofifiering and admission to trading will take place in Hungary. In the event ofi any discrepancy between the Hungarian and English versions ofi this presentation, the Hungarian version shall prevail. The prospectus is available on, and may be downloaded in electronic fiorm firom, the websites operated fior capital markets disclosure purposes by STRT Holding Nyrt., as issuer, KhH Értékpapír, as distributor, the Budapest Stock Exchange Nyrt. and the CBH, at the fiollowing link: https://www.bet.hu/site/newkib/hu/2025.11./STRT_Holding_Nyrt._- _Rendkivuli_tajekoztatas_129353460 . Prospective investors are urged to read the prospectus carefiully befiore making any investment decision, in order to evaluate the risks and merits associated with an investment in the securities. Additional infiormation and terms relating to account opening are set fiorth in the General Business Rules and the List ofi Conditions ofi KhH Értékpapír, the applicable product agreements and the annexes thereto, each ofi which is available at https://www.khertekpapir.hu/ugyfieltamogatas/dokumentumok . Licence refierence number: 2009/10240/570; case number: Sp/2009/614/571. 1 INTRODUCTION 2 Petya Balogh, CEO 2 STRT VISION Mo re internationally successful Hungarian & regional companies Building entrepreneurial know-how Financing big ambitions Becoming a key player in the region 3 STRT OPERATIONS Early-stage startup investment Diverse segments: risk vs. return/growth Diversified risk: large number of portfolio companies Executive education and mentoring Internally: enhancing portfolio companies' success Externally: strengthening entrepreneurial culture Stable revenue and cash generation 4 4 WHY NOW? The downturn of the Hungarian venture capital market Record-low company valuations Limited competition for the best companies Higher long-term return potential Unfilled roles in the ecosystem Opportunity to secure a market-leading position Shaping the narrative and the market 5 WHY US? Over a hundred investments Expertise and experienced team High market confidence in the profession We do it, learn it, and teach it Strong network of contacts 6 WHY GO PUBLIC? A quasi new "asset class" Lower entry barrier Liquidity potential Regulated market with transparent operations Funding opportunities 7 INVESTMENTS Péter Langmár, CIO 8 EARLY STAGE No significant revenue yet Not yet profitable Requires external financing Innovating in a new field Typically international plans High valuation potential 9 EARLY-STAGE STARTUP INVESTMENTS High individual risk High failure rate Completely illiquid 10+ year horizon Requires expertise 10 INCUBATORS & INVESTORS 11 Major global examples Smart money and support Diversified portfolio Scalable business models Economies of scale BREAKTHROUGH AREAS Technological and market innovation Internationally scalable Industry-agnostic Med/HealthTech AI B2B/B2C SaaS EduTech AgriTech Retail 12 HOW WE INVEST High number of investments, strong diversification "Evergreen", patient investor Among the first investors Small ticket sizes, up to ~HUF 40 million Almost always co-investing Standardized terms and processes Already invested in foreign companies 13 fiT"'OT I N V E S T INVESTMENTS Number of investments (units) No. of new capital investments M No. of portfolio companies Newly allocated fr nds (million HUF) 1.DB0 mFt 100 750 Ft BOQ mFt c** **'******* -z^** 0 2020 2021 2022 2023 2024 2O25H1 0 mFt 2020 2021 2022 2OZ3 2024 2O25H 1 The source also includes the NKFIH Startup Factory funding transferred. STRT Holding Nyrt. has not made any new investments after 1 January 2025; investments are carried out by STRT Invest Zrt. instead. 14 PORTFOLIO VALUE BY MARKET SEGMENT (2025 H1) 15 16 INVESTMENT PLANS Strong deal flow, limited capital Foreign portfolio companies Partial acquisition of angel and accelerator portfolios Scale-up secondaries, e.g. Antavo LP investments Expanding co-investor partnerships STRT Venture Capital Fund Manager Higher assets under management Follow-up investments Economies of scale 17 EDUCATION Mária Balogh-Mázi 18 Leaders: Company executives Senior executives Startup founders Corporate leaders Professionals: Tech experts (AI, Python) Marketing HR Finance ... 19 20 DATA s TECHNOLOGY AI FOR BUSINESS DATA SCIENCE AI TECHNOLOGY PYTHON BASICS DATA VISUALIZATION INDUSTRY 4.0 AGILE METHODS SCRUM MASTER ONLINE PRODUCT OWNER MASTERCLASS DESIGN THINKING DIGITAL INNOVATION SCRUM MASTER TRAINING AGILE TRANSFORMATION LEADERSHIP s STRATEGY OKR: STRATEGY EXECUTION MADE SIMPLE AGILE JETPACK FOR LEADERS E-COMMERCE AGILE HR IN THE DIGITAL ERA ELITE ATHLETES' TOOLKIT FOR EXECUTIVES COLLABORATIVE FAMILY BUSINESS BUSINESS STRATEGY PLANNING AI FOR BUSINESS ONLINE COURSES PROMPTS FOR BREAKFAST SCRUM MASTER ONLINE GOOGLE ANALYTICS 4 AI IN MARKETING AI IN RECRUITMENT AI IN DIAGNOSTICS 21 EDUCATIONAL RESULTS 2025 H1 • +63% revenue vs. 2024 H1 1,600+ participants Integration of Kürt Academy Launch of the Season Pass product 2020-2022: sum of audited standalone figures of group member companies 2023-2024: consolidated audited figures of the group 22 FINANCIALS 23 István Nagy, CFO 23 IMPORTANT INFORMATION Starting from fiscal year 2025, the Company applies the International Financial Reporting Standards (IFRS). The Company has also completed the IFRS audit of financial statements for 2023 and 2024, which were originally prepared under Hungarian Accounting Standards. Figures presented: 2020-2022: audited standalone figures prepared in accordance with the Hungarian Accounting Act (non-consolidated) 2023-2024: audited consolidated figures prepared in accordance with IFRS 2025 H1: IFRS-based consolidated figures reviewed by the auditor All figures are in thousands of HUF unless otherwise indicated. 24 2025 H1 IS: GROWTH FOCUS Revenue: HUF 724 million, up 58.0% Of which one-off impact: due to a change in the investment valuation methodology: +HUF 52.1 million (underlying growth: +49% without this effect) ⅔ investments, ⅓ education Operating profit: HUF 233 million, up 9.4% Lower operating margin due to a significant increase in material-type expenses, primarily driven by the engagement of external lecturers in the education division Personnel expenses increased due to team expansion and full-year impact The education division's current focus is the integration of Kürt; efficiency improvements will follow Profit after tax: HUF 187 million, up 1.2% Treasury result: higher interest income, BUT foreign exchange losses 99% of the tax expense is deferred tax 25 2025 H1: EQUITY-FINANCED GROWTH Total assets: HUF 4,486 million, up 19.2% Assets side: Investment portfolio: HUF 3,755 million, change: HUF +635 million (+20.4%) Assets under management: HUF 4,120 million, change: HUF +744 million (+22.1%) Equity and liabilities side: Equity: HUF 3,927 million, change: HUF +589 million (+17.7%) Retained earnings: +890% 26 INDICATORS PER SHARE Since the Company's capital raisings precede the investments and their appreciation, EPS decreases. This can be offset (later) by higher profitability in education and a possible future increase in the value of investments. Equity per share has grown steadily in recent years. 27 EDUCATION REVENUE GROWTH 28 PORTFOLIO VALUE GROWTH *: Includes shares, equity interests, SAFE-type investments, convertible loans and shareholder loans, but excludes the results of associated companies **: Includes accrued interest on loans and the effects of foreign-exchange revaluations 29 INVESTMENT VALUATION METHODOLOGY Audited methodology, applied retrospectively Investment lifecycle: At the time of investment: acquisition cost After the next funding round: transaction-based valuation - latest post-money valuation, reflecting preferential rights After 2 years: market-comparable valuation - multiples-based (P/S), considering industry, growth, country risk and preferential rights Devaluation: impairment based on financial performance, business performance or significant risk (0%, 25%, 50%, 75%) 30 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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