The Platform Group AG

Investor Presentation • Nov 6, 2025

INVESTOR PRESENTATION

9M 2025 REPORT

6 TH NOVEMBER 2025

PROFITABLE GROWTH

SUCCESSFUL GROWTH EVERY YEAR SINCE ESTABLISHING THE PLATFORM MODEL IN 2012

KEY FACTS

Founded: 1882 Employees: 1,421

Headquarter: Duesseldorf, Germany Sector: eCommmerce, Software

Industries: 28

STRATEGY & UPDATE

OUR MANAGEMENT STRUCTURE

Supervisory Board

Stefan Schütze Chairman

Managing Partner of C3 Management, >20 years in executive and supervisory roles

Marcel Roessner

C-level member in the luxury and ecommerce sector

Florian Müller

Entrepreneur and experienced C-Level & Interim Manager

Dr. Olaf Hoppelshäuser

Member of the Board of Directors at MHK Group

C-Level Management

Dr. Dominik Benner CEO (board)

Sarah Millholland Chief Human Resources Officer

Sven Schumann Chief Portfolio Manager

Frederic von Borries Chief Platform Officer

Bjoern Minnier Chief Financial Officer (incl. M&A)

Sven Hülsenbeck Chief Technology Officer

Christoph Wilhelmy Chief Operative Officer

Strategic and operational responsibilities are led by seven experienced managers, ensuring depth and continuity across the group

COMPANY HISTORY: THE PLATFORM GROUP

TPG MILESTONES: FROM LEGACY TO GLOBAL PLATFORM

Digital Transformation

Dr. Dominik Benner pivots the 1882 founded family shoe business to online, launching Schuhe24 and founding the roots of The Platform Group.

Ecosystem Expansion

TPG operates 36 platforms, connecting over 15,700 merchants and 6 million customers across Europe, powered by its proprietary TPG ONE software platform.

2012 2025 2030

Vision for Growth

TPG aims to connect over 40,000 merchants with operations across >50 industries and expand into North America, leveraging AI for margin expansion.

VALUE CREATION

OUR UNIQUE SYSTEM TO CONNECT PARTNERS AND CUSTOMERS WORLDWIDE

VISION & OUTLOOK

EUROPE'S LEADING PLATFORM GROUP

TPG has defined a clear strategy to achieve its long-term goal in becoming Europe's leading technology enabled platform

TPG OPERATIONAL HOLDING

THE ENGINE BEHIND GROWTH

OPERATIONAL TPG DEPARTMENTS

Marketing

Software & IT Marketplace

Business

CENTRALIZED TPG DEPARTMENTS

Human Resources Finance Legal

Quality Management

Design & Videography

Intelligence

Talent & Training AI Academy

Sales & Integration Events & Fairs

TPG ONE

OUR TPG SOFTWARE ARCHITECTURE SETUP

Developed since 2013, TPG ONE is TPG's proprietary software platform that connects merchants and manufacturers to more than 50 marketplaces across Europe. It enables plug & play onboarding, with automated product listing, payments, logistics and marketing – all through one interface. The platform is globally scalable, while today around 70% of revenues still come from the DACH region. This leaves significant untapped potential as TPG expands into new international markets. Over the past decade, TPG has invested double-digit millions into TPG ONE, making it the backbone and the driver of future growth.

TPG'S SHARE DEVELOPMENT

STRONG DEVELOPMENT OF SHARE SINCE 12/2022 & TRADING VOLUME

Share ISIN/ Ticker: DE000A2QEFA1 / TPG

No. of shares (m): 20.5 Market cap EUR m: 162 Freefloat MC EUR m: 54 Ø daily Trad. Vol.: 814,179

Trading venue: XETRA, XFRA, Tradegate, gettex

Index: Scale All Share, Scale 30

Segment: Scale, Frankfurt Stock Exchange

RESEARCH COVERAGE

Latest Update / Institution / Price Target (EUR) OCT 23 mwb research 19.50 (BUY) OCT 10 First Berlin 20.00 (BUY) OCT 6 nuways 21.00 (BUY) OCT 6 P. BNP Paribas 21.00 (STROG BUY) AUG 25 ODDO BHF 16.00 (OUTPERFORM)

Ø 19.2 TARGET PRICE in EUR

Source(s): Daily trading volume September 2025 Designated Sponsor Report BankM;,; Market Cap: 31 October 2025, IPO of fashionette October 2020, XETRA Close October 31, 2025: 7.90 EUR, Share price development Dec 2022 – Sep 2025

TPG'S SHARE DEVELOPMENT

INCREASED LIQUIDITY DRIVEN BY STRONGER FOREIGN INVESTOR PARTICIPATION

11

Source(s): Stock Report Deutsche Börse September 2024, September 2025

28 INDUSTRIES COVERED WITH 5 SEGMENTS

WITH TPG ONE SOFTWARE OUR PARTNERS GET ACCESS TO GLOBAL ECOMMERCE

TPG'S GROWTH MODEL

POSITIVE DEVELOPMENT ACROSS ALL KPI'S IN 9M PERIOD

PARTNERS

15,931

vs. 12,981 in H9M 2024

Ø ORDER VALUE

€ 125

vs. € 121 in 9M 2024

ACTIVE CUSTOMERS (LTM)

More partners bring more products More products attract more customers

6.7 m

vs. 4.5 m in 9M 2024

+23% +49%

EMPLOYEES

More per order, more for growth New subsidiaries & AI/software expansion

1,421

vs. 892 in 9M 2024

+3% +59% +85%

NUMBER OF ORDERS

More customers generate more orders

7.6 m

vs. 5.1m in 9M 2024

+49%

REVENUE GROWTH

Strong increase (in m EUR)

€+160.4 m

vs. 9M 2024: €+ 86.7m

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Sources: Company, Figures for 9M 2025, LTM = Last 12 Months

Investor Presentation Investor Presentation

OPTICS & HEARING

ENTRY JULY 2025 AND EXPANSION (B2C OPTICS/HEARING PLATFORM + STORES)

Hybrid B2C Approach

Online platform MyGlasses and 30 premium local stores in Germany, Austria, Switzerland. Two strategic goals: sell glasses online and bring local opticians online, connecting local products directly to customers for a seamless online-to-offline experience.

Growth Drivers & Financials

MyGlasses expansion, and integration into TPG structure to drive future growth. High-margin business with EBITDA margin ~25%, luxury positioning with brands like Freudenhaus Munich. Growth perspective:

• Goal 1: expansion to 60–70 stores
• Goal 2: 1,000+ connected opticians
• Goal 3: new services such as hearing tests and vision check tools

14 Investor Presentation Investor Presentation

OPTICS & HEARING

SCALING A PREMIUM OMNICHANNEL PLATFORM IN A €7BN UNDERDIGITALIZED MARKET

• €7 billion German optical & eyewear market (only ~6 % online penetration)
• Top 3 chains = 35 % market share, leaving 55 % fragmented among small independent opticians
• Structural opportunity for digital consolidation and platform-driven growth

German optical market Key Investment Highlights

• High-margin segment: EBITDA ~ 25 % driven by digital scalability and premium brand mix
• Clear growth roadmap: 60–70 stores + 1,000 opticians + new services
• Synergistic integration within TPG's platform infrastructure
• Strong revenue visibility: EUR 55–60 m target by 2026 from acquisitions and platform scaling, EBITDA-margin of 25% achieved in 2025

Growth Strategy & Outlook

STRATEGIC GOAL	DESCRIPTION
STORE EXPANSION	SCALE PREMIUM STORE NETWORK TO 60–70 LOCATIONS (DACH REGION)
PARTNER NETWORK	ONBOARD 1,000+ CONNECTED OPTICIANS VIA THE MYGLASSES PLATFORM BY 2026
NEW SERVICES	LAUNCH HEARING TESTS, VISION CHECK TOOLS, AND OTHER VALUE-ADDED DIGITAL SERVICES
TARGET REVENUE	€55 – 60 MILLION BY 2026,POSITIONED AS #5 OPTICAL RETAILER IN GERMANY

15

Source(s)::Stifel Research, Oct 2025, The Platform Group Strategic Update October 2, 2025, www.myglasses.de

TPG'S LUXURY PORTFOLIO

LUXURY PORTFOLIO COMPLIMENTED WITH WELL SUITED ADDITIONS

FASHIONETTE (Fashion & Vintage Luxury)

Focuses on premium & luxury fashion items, including handbags and accessories from top designers.

CHRONEXT (Watches)

Specializes in luxury watches, offering a curated selection from prestigious brands (Rolex, IWC, Patek…).

WINKELSTRAAT & Brandfield (Fashion & Jewelry)

Combines premium fashion and jewelry, featuring exclusive collections and seasonal promotions.

JOLI CLOSET (Vintage Luxury)

Offers vintage luxury goods, specializing in pre-owned designer pieces and rare finds (Louis Vuitton, Hermès….).

PROFITABLE GROWTH

SUCCESSFUL GROWTH EVERY YEAR SINCE ESTABLISHING THE PLATFORM MODEL IN 2012

KEY FACTS

Founded: 1882 Employees: 1,421

Headquarter: Duesseldorf, Germany Sector: eCommmerce, Software

Industries: 28

DEVELOPMENTS & GUIDANCE

Developments 9M 2025

11 signings/acquisitions in 2025. Strong Post-Merger-Management team (PMI)

Improved profitability during first 9 month (+86,2% EBITDA adj.) due to cost efficiencies and scalable cost structure

Further decrease of operational costs: Distribution, Marketing and HR costs have been reduced

Excellent conditions for new M&A acquisitions in 2025-2026 with fair values

Scalability of our TPG One Software allows us to connect partners fast and enter new industries within <4 month

Our 5 established segments continue to grow

2 nd INCREASE OF GUIDANCE 2025 by 31th July 2025 ("Guidance 07/2025") → Confirmation of Guidance 07/2025

INCREASE OF 2026 GUIDANCE with EUR 1.0 bn revenue + € 70-80 m EBITDA

OVERVIEW 9M REPORT 2025 (VS. 9M 2024)

STRONG PROFITABLE GROWTH

	9M 2025
GMV (EUR m)	€ 902.1m	€ 608.4m
Net revenue (EUR m)	€ 531.6m	€ 371.2m
Other revenues (EUR m)	€ 16.3m	€ 20.1m
Gross Margin	36.7%	35.4%
Marketing Cost Ratio	5.8%	6.4%
Distribution Cost Ratio	7.8%	7.8%
HR Cost Ratio	5.1%	5.4%
Adj. EBITDA (EUR m) (% margin)	€ 45.8m (8.4%)	€ 24.6m (6.6%)
Reported EBITDA (EUR m) (% margin)	€ 59.4m (11.2%)	€ 39.8m (10.7%)

9M 2024 Takeaways

GMV Growth +48.3% / Revenue Growth +43.2%: both with higher increase compared to internal forecast

Increased Gross Margin due to less discount activities and higher provisions – increased by 1.3 %-Points

AI as operational efficiency driver: reduction of product data, customer service and marketing cost

EBITDA adj. +86.2% / EBITDA reported +49,3% shows high effectiveness of cost program and profitable niche strategy of our ecommerce activities

Sources: Company, Figures for 9M 2025

OVERVIEW 9M REPORT 2025 (VS. 9M 2024)

STRONG PROFITABLE GROWTH

	9M 2025	9M 2024
Net profit (EUR m)	€ 41.7m	€ 25.5m
thereof minorities	€ 2.9m	€ 1.4m
Earnings per share (EUR), total	€ 2.03	€ 1.26

Takeaways

Earnings per share with € 2.03 and growth of +61,1%: above internal forecast

Increase of minority results (€2.9m) due to new companies acquired in 2024/2025

Sources: Company, Figures for 9M 2025

OUR ORGANIC GROWTH

STRONG ORGANIC GROWTH IN 9M 2025 / HIGHER THAN PREVIOUS YEAR

REASONS FOR HIGHER ORGANIC GROWTH RATE

Main reasons for higher organic growth rates:

• 1. Higher number of partners (15,931)
• 1. Higher number of products (+23% vs. 2024)
• 1. High growth rate in consumer goods subsidiaries and freight goods
• 1. Better customer retention on core platforms

Q3 (3 MONTHS) FIGURES 2025 (VS. Q3 2024)

	Q3 2025	Q3 2024
GMV (EUR m)	€ 250.0m	€ 165.9m
Net revenue (EUR m)	€ 188.6m	€ 139.7m
Other revenues (EUR m)	€ 3.3m	€ 5.7m
Gross Margin	36.7%	35.4%
Marketing Cost Ratio	5.4%	6,6%
Distribution Cost Ratio	7.8%	8,0%
HR Cost Ratio	5.9%	5.4%
Adj. EBITDA (EUR m) (% margin)	€ 12.5m (6.7%)	€ 7.0m (5.0%)
Reported EBITDA (EUR m) (% margin)	€ 15.7m (8.3%)	€ 9.8m (7.0%)
Net profit (EUR m)	€ 8.4m	€ 6.7m

CASH FLOW

STRONG CASH FLOW DEVELOPMENT IN 9M PERIOD 2025

	9M 2025
Cash flow from operating activities	€ 42.3m
Cash flow from investing activities	- € 39.8m
Cash flow from financing activities	- € 9.4m
Cash at the beginning of the period	€ 22.1m
Change in cash in period	- € 6.9m
Cash at the end of period	€ 15.2m

Sources: Company, Figures for 9M 2025. Available/unused credit facilities not included in debt.

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DEBT SITUATION

DEBT LEVERAGE CONSISTENT WITH OUR LEVERAGE RANGE

	30.09.2025
Cash + Cash equivalents	€ 15.2m
Long term Debt (bank loans)	€ 34.2m
Short term Debt (bank loans)	€ 32.9m
Bond	€ 70.0m
Net Debt	€ 121.9m
LTM EBITDA	€ 54.5m
Leverage	2.23 x

Target Leverage 2025 1.5 – 2.3x LTM EBITDA

Sources: Company, Figures for 9M 2025. Available/additional credit facilities not included in debt.

FROM ADJ. EBITDA TO REPORTED EBITDA (9M 2025)

PPA-Results due to IFRS3 and deferred tax & consolidation effects.

PROFITABILITY AS A KEY FOR SUSTAINABLE GROWTH

REVENUE & EBITDA ADJ. 9M – 3 YEARS

Sources: Company, Figures for 9M 2023-2025

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SEGMENT REPORT

CONSUMER GOODS	9M 2025
GMV	€ 591.2m	€ 392.4m
Net Revenue	€ 329.1m	€ 205.2m
EBITDA reported	€ 40.3m	€ 28.0m
EBITDA adj.	€ 31.2m	€ 15.3m
EBITDA margin (in %)	9.5%	7.5%
Employees	783	443

9M 2024 TAKEAWAYS

GMV Growth +51% / Revenue Growth +60% du to high organic growth and higher order numbers

Strong increase of EBITDA adj. with +104% to € 31.2m due to reduced cost structure and scale effects

AI as operational efficiency driver: reduction of product data, customer service and marketing costs

Acquired companies (0815, Herbertz, Chronext) with strong operational performance in 2025

Sources: Company, Figures for 9M 2025, in EUR.

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SEGMENT REPORT

FREIGHT GOODS	9M 2025	9M 2024	TAKEAWAYS
GMV	€ 116.2m	€ 102.9m
Net Revenue	€ 84.2m	€ 67.8m
EBITDA reported	€ 5.9m	€ 8.6m
EBITDA adj.	€ 6.2m	€ 5.2m	and cost efficiency in the freight good segment
EBITDA margin (in %)	7.3%	7.6%
Employees	181	148	shipment costs

GMV Growth +13% / Revenue Growth +24% du to high organic growth and higher order numbers, AOV increased

Increase of EBITDA adj. with +19% due to sales increase and cost efficiency in the freight good segment

Reduced marketing cost ratio and HR cost ratio, increased shipment costs

Sources: Company, Figures for 9M 2025, in EUR.

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SEGMENT REPORT

INDUSTRIAL GOODS	9M 2025	9M 2024	TAKEAWAYS
GMV	€ 113.5m	€ 97.2m
Net Revenue	€ 59.6m	€ 50.4m	organic growth and higher order numbers
EBITDA reported	€ 2.8m	€ 2.6m
EBITDA adj.	€ 2.9m	€ 1.7m
EBITDA margin (in %)	4.9%	3.4%
Employees	189	192	reduced team for marketing

GMV Growth +17% / Revenue Growth +18% du to high organic growth and higher order numbers

Strong increase of EBITDA adj. with +71% due to higher revenues and scale effects in marketing & AI automation

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Reduced work force due to warehouse effects and reduced team for marketing

Sources: Company, Figures for 9M 2025, in EUR.

SERVICE & RETAIL GOODS	9M 2025
GMV	€ 75.2m	€ 64.2m
Net Revenue	€ 53.9m	€ 44.4m
EBITDA reported	€ 9.2m	€ 2.7m
EBITDA adj.	€ 4.3m	€ 2.6m
EBITDA margin (in %)	8.0%	5.9%
Employees	149	95

9M 2024 TAKEAWAYS

GMV Growth +17% / Revenue Growth +23% du to high organic growth and FINTUS Acquisition

Strong increase of EBITDA adj. with +65% to € 4.3m due to reduced cost structure and less investments in software development

AI as efficiency driver: reduction of software development costs and marketing spendings

OPTICS & HEARING	Q3 2025*
GMV	€ 6.0m	-
Net Revenue	€ 4.9m	-
EBITDA reported	€ 1.2m	-
EBITDA adj.	€ 1.3m	-
EBITDA margin (in %)	26.1%	-
Employees	139	-

2024 TAKEAWAYS

New segment since 07/2025, latest acquisitions in opticts & hearing with closing in 10/2025, not included in figures

EBITDA-margin level above internal expectation for year 1 (26.1%), further increase possible

Confirmation of segment outlook for 2026: € 55-60m revenue in 2026, EBITDA-margin >25%

Strong M&A pipeline for 2026 with profitable targets and expansion of MyGlasses platform

Sources: Company, Figures for 9M 2025, in EUR.

32 Investor Presentation Investor Presentation

^* Only 3 months consolidation / new acquisitions not consolidated

OUTLOOK

GUIDANCE 2025

> € 715-735 m € 54-58 m

1.5-2.3x

Revenue Adj. EBITDA

Leverage

€ 1.3 bn >16,500

GMV Partners

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MIDTERM GUIDANCE 2026

> € 1.0 bn € 70-80 m

1.5-2.3x

Revenue Adj. EBITDA

Leverage

€ 1.7 bn >18,000

GMV Partners

STRATEGIC DIMENSIONS

OUR STRATEGIC INITIATIVES AND GOALS

Geographic & Marketplace Expansion

• Currently ~70% revenues from DACH + Netherlands.
• Strong opportunity to expand further across Europe and into the US/Asia.
• Goal: broaden platform coverage and increase international revenue share

TPG One Software Architecture

• TPG ONE as the scalable backbone continuous investments in IT & automation.
• Development of new products like TPG Pay to deepen integration and create additional revenue streams.
• Increased automation with AI → higher efficiency, lower costs, stronger margins.

Growth through M&A & Ecosystem Expansion

• Disciplined acquisition strategy: each acquisition brings new merchants, brands and customers.
• Seamless integration into TPG ONE → immediate synergies and scaling effects.
• Focus on high-value verticals where network effects multiply growth.

New Segments: Optics & Hearing, Pharma

• Optics & Hearing: Hybrid B2C model (online + 30+ stores), expected €55–60m revenues in 2026 with 25% EBITDAmargin. Expansion to 60–70 stores and 500+ connected opticians with MyGlasses.
• Pharma: Expansion pipeline includes additional B2B platforms in Europe. Both markets represent multi-billion € growth opportunities.

36 Investor Presentation Investor Presentation

INVESTOR RELATIONS

FINANCIAL CALENDAR & CONTACT

DATE	EVENT
NOV 24, 2025	GERMAN EQUITY FORUM 24 - 26 NOVEMBER , FRANKFURT/MAIN
NOV 13, 2025	MÜNCHNER KAPITALMARKT KONFERENZ (MKK) , MUNICH
NOV 6, 2025	PUBLICATION QUARTERLY STATEMENT (CALL-DATE Q3)

Nathalie Richert Head of Investor Relations +49 157 92511 140

https://corporate.the-platform-group.com TPG on LinkedIn Sign in - IR Newsletter

DISCLAIMER

This document has been prepared by The Platform Group AG (TPG) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation, including any oral presentation of the slides by the representatives of the Company (or any other person on behalf of the Company), any questions-and-answer session that follows an oral presentation as well as any additional materials distributed at, or in connection with, this presentation (collectively, the "Presentation").

The Presentation may not be reproduced or redistributed in whole or in part without the prior written consent of the Company.

None of the Company, its affiliates or any of their respective board members, directors, officers, employees, agents or any other person shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of the Presentation or its contents or otherwise arising in connection with the Presentation. The information and opinions contained in this Presentation do not purport to be comprehensive, are provided as of the date of the document and are subject to change without notice. The Company is not under any obligation to update or keep current the information contained in the Presentation.

The Presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to, or acquire, securities of the Company or its affiliates, or an inducement to enter into investment activity in the United States or in any other country. No part of this Presentation, nor the fact of its distribution, should form the basis of, or be relied on by any person in connection with, any contract or commitment or investment decision whatsoever.

Certain industry, market and competitive position data contained in this Presentation come from official or third-party sources. Third-party publications, studies and surveys generally state that the data contained therein has been obtained from sources believed to be reliable but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of the publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein, and the Company assumes no responsibility whatsoever in respect of the accuracy and completeness of any such data. In addition, certain industry, market and competitive position data contained in this Presentation come from the The Platform Group own research and analyses and certain estimates are based on the knowledge and experience of the TPG´s management in the markets in which the TPG operates.

While the Company believes that such research, analyses and estimates are reasonable and reliable, they, and their underlying methodology and assumptions,have not been verified by any independent source for accuracy and completeness and are subject to change without notice. Therefore, the Company also assumes no responsibility whatsoever in respect of the accuracy and completeness of any such research, analyses and estimates.

Certain information in the Presentation, including, inter alia, statements regarding the possible or assumed future performance of the Company and its affiliates or its industry or other projections, constitute forward-looking Statements/ Guidance 2026. These statements reflect the Company's current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Such factors include, but are not limited to, changes in economic conditions and industry-specific conditions, the competitive as well as the political situation, changes in national and international law, interest rate or exchange rate fluctuation, legal disputes and investigations, and the availability of funds.

These factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no assurance is given that such forward-looking statements are correct,,complete or accurate. They speak only as at the date of the presentation and the Company undertakes no obligation to update these forward-looking statements.

The financial information of TPG included in the Presentation should be read in conjunction with the relevant audited annual financial statements, reviewed half-year financial statements and unaudited quarterly financial statements. In addition to figures prepared in accordance with IFRS, the Presentation also includes certain alternative performance measures. These alternative performance measures have been included because the Company believes that investors may find them helpful to assess the TPG's performance. However, these alternative performance measures should be considered only in addition to, but not in isolation or as a substitute for, the information prepared in accordance with IFRS. Alternative performance measures are not subject to IFRS or any other generally accepted accounting principles, and other companies that report similarly named measures may define or calculate these performance measuresin different ways.

Due to rounding, numbers presented in this Presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

THE PLATFORM GROUP AG

Investor Relations Schloss Elbroich, Am Falder 4 40589 Düsseldorf , Germany ir@the -platform -group.com https://corporate.the -platform -group.com