Brockhaus Technologies AG — Investor Presentation 2021

Jul 14, 2021

Frankfurt am Main | July 14, 2021

LEADING AEROSOL MEASUREMENT TECHNOLOGY FOR BETTER AIR QUALITY

DR.-ING. MAXIMILIAN WEIß CEO - PALAS

12,000 liters or 12 kg air per day 300,000,000 liters or 300 tons of air in a lifetime

FY20 Revenue

17–20 Revenue CAGR

FY20 EBITDA margin

KPIs Company overview

• Developer and manufacturer of high precision devices for generating, measuring and characterizing particles in the air, with proprietary software/algorithms
• Full in-house value chain, from highly skilled R&D team to complete production staff
• Over 20 active patents and certifications
• Strong collaborations with universities and R&D institutions

Unique selling proposition

Precision

• Highest accuracy
• Individual particle assessment ▪ Long lifetime ▪ Ample
• Certified and compliant
• Optical technology

Low Maintenance Large Scope

• Low operating cost ▪ Wide range of applications
• Indoor / Outdoor use
• Compatibility
• Modular

Global presence directly and through partners

Diversified customer base

measurement range in single

device

6

Light source

White polychromatic light provides stable, homogeneous illumination of the optically precisely focused measuring volume Particle

Detector

The high -resolution photomultiplier records every signal in real time – thus every particle is counted, and its size is determined

Every single particle scatters light, thus creating a clear light pulse signal

Clean air for our children in schools

Measurement of indoor air quality

• Measurement of aerosols down to the size of a virus (175 nm)
• Measurement of CO² as an indicator of "used air"
• Automated evaluation of infection risk by determining a reproduction number

Air quality measurement during two school hours

Without room air purifier with ventilation With room air purifier without ventilation

Reliable protection for medical staff

Testing masks for protection against viruses

• Exact analysis of mask filter efficiency e.g. for the corona virus
• Measurement of respiratory masks according to standards (e.g. FFP2, KN95)

Penetration of various very good FFP2 masks as a function of particle size

Permeability of 114 tested masks in hospitals

• 34.21% of the masks do not meet the test according to the EN149 standard (total permeability > 6%)
• 64.91% of masks do not provide sufficient protection against viruses (permeability in the range of viruses > 6%)

Identifying the risk of infection & preventing the spread of viruses

Determining the number and size of exhaled aerosols

• Detection of super spreaders / infection drivers
• Diagnosis of disease progression

Example of the disease progression for a SARS-CoV-2 infected person in October 2020

• Only about 10% of infected people spread the virus further and breathe out more aerosols / viruses
• These "super-emitters" can be detected / measured
• "Super-emitters" exhale up to a factor of 100 more aerosols than healthy persons

The lung as source of aerosols and information

• A completely new measuring device for infection control
• The measured information offers potential for medical diagnosis
• A study is currently conducted at the Frankfurt University Hospital where 80 SARS-CoV-2 infected persons were measured
• The data is comparable to the first X-ray image, the available information offers many possibilities for analysis

Bertha Röntgen has to sit still for more than half an hour on 22 December 1895. That is how long her husband Wilhelm Conrad Röntgen irradiates her hand. Bertha's patience is rewarded: today, the image is considered the most spectacular X-ray image

The lung as source of aerosols and information

Measured particle size distribution of an infected person

Measured particle counts of several infected persons

Keep breathing, we will take care of it....

KPIs

FY20 Revenue

15–20 Revenue CAGR

FY20 EBITDA margin

Company overview

• A leading provider of high-performance KVM network technology with over 30 years of experience
• In-house hardware and software development with brand new production facility
• Established go-to technology for highly secure missioncritical applications
• Low latency, fast switching and fully redundant system architecture

Unique selling proposition

Security

▪ Redundant ▪ 100% uptime

▪ Physical isolation

▪ Access control

Flexibility

• Modular
• Customizable
• Easy to integrate ▪ Fail-safe
• Compatible
• Scalable

Speed & Quality

• Real-time
• 4K standard, 8K and beyond
• Lifetime guarantee
• Referenceable clients

Global presence directly and through partners

Diversified customer base

Other verticals e.g. Healthcare, Government & Defense, Transportation, Education, Automotive, Finance…

Employees

Note: 2015A and 2016A IHSE financials based on IHSE GmbH German GAAP individual financial statements (revenue and Adjusted EBITDA margin), 2017A-2020A IHSE financials based on IHSE Holding GmbH German GAAP consolidated financial statements (cons. revenue and adj. cons. EBITDA margin) 25

TREND CLIENT / PROJECT APPLICATION

ALFRIED¹ is a program for automated and connected driving in logistics

• Control and optimization of the heterogeneous traffic of the future with traditional and autonomous road users, including public transport
• The project is funded by the German Federal Ministry of Transport and Digital Infrastructure (BMVI) and will be carried out on a test track in real traffic in Friedrichshafen

Contribution of IHSE

• As an expert for mission-critical data transmission, IHSE leads the workstream "Smart City Control Centre" within the project
• The task is to develop a concept for a control centre, which will be implemented and evaluated within the framework of the innovation lab
• A particular challenge is the integration of immense data streams from a wide variety of sources into the "mobility data room" and the development of a corresponding cyber security policy
• Special equipment is being developed specifically for the project in accordance with the so-called KRITIS criteria for critical infrastructures

TREND CLIENT / PROJECT APPLICATION

Matrix switches and extenders help to increase operational efficiency and to ensure employee protection at MTU's engine test center

Contribution of IHSE

• The test control station and the actual test laboratory are physically separated to ensure protection from noise and potential hazards (e.g. engine damage)
• Improved operational efficiency through increased network uptime and equipment availability

TREND CLIENT / PROJECT APPLICATION

The U.S. civil air traffic control system relies on IHSE's high-end KVM and AV solutions to increase operational efficiency and to enable fail-safe management of all flights for Project ERAM (En Route, Modernization, Automation) Contribution of IHSE

• Track 74% more aircrafts simultaneously through higher data availability
• Three-tier redundancy concept that increases reliability and enables 24/7 operation
• Improved operational efficiency, reduced emissions and reduced workloads
• Seamless support of dedicated air traffic management equipment

Successful expansion into South Korea Strengthened presence in China

• In addition to the hub in Singapore, expansion in Asia continues with the successful opening of a sales office in Seoul
• The sales office is expected to provide improved service and support to Korean customers and strengthen the IHSE brand in the Korean market

• The new office will be headed by IHSE's current sales manager for the Korean market

• With the opening of IHSE China in Guangzhou, IHSE takes the next step into the strategically important growth market China

• An experienced general manager was hired from one of the local distributors
• In addition, the local office should enable IHSE to be less affected by travel restrictions than it was during the COVID pandemic

NIAP certification

• The National Information Assurance Partnership (NIAP) is responsible for the implementation of the "Common Criteria" in the US
• The certification relates to the hardware security space, which is explicitly relevant in the US
• NIAP certification primarily addresses customers in the US market and therewith further improves the competitiveness of IHSE in the US
• Currently in process of certification
• Simultaneously, the European certification according to "Common Criteria" is being carried out at FMV in Sweden

IP MODULE FOR SECURE & POWERFUL REMOTE WORKING

IHSE Draco SIRA

• Remote gateway via IP interface
• Provides real-time remote access to a Draco tera KVM matrix via LAN, CAN or WAN
• Remote users access the matrix via HTML 5.0 browser, client software or Draco SIRA User Station
• The new IP module Draco SIRA CON (Secure IP Remote Access) increases the flexibility of the Draco tera matrix series
• Encrypted signal transmission over IP ensures intellectual property protection while still providing highly flexible access to matrix-connected target devices from remote locations over private or public networks
• Video resolutions of up to 4K
• Draco SIRA CON is compatible with Draco vario extender series and Draco vario cases

Break

Your company bike provider

Bastian Krause - CEO

Awarded by The leading digital B2B leasing platform

• Currently over 25,000 companies on the platform
• With an underlying workforce of around 1,2m employees
• New customers in 2021 (YTD): 7,591 with 333,338 employees
• Approx. 5,000 retailers

Reference Customer

Among others, these companies also already trust Bikeleasing

Foundation 2014	as of 2016		2019			2020		2021
of Enerbike by Bastian Krause	Paul Sinizin joins the company and the model is expanded to include retailers		Integration of insurance broker IRAGON		Strategic acquisition of Hofmann Leasing		Start Austria
	2016	2017		2018	2019		2020	2021 (YTD)
New leasing contracts	2,400	8,900		15,500	33,000		64,000	46,764
Employees	3	20		64	94		160	172
Companies	287	1,200		4,800	10,300		20,300	27,200

The Bikeleasing Offer

The Bikeleasing offer is aimed at companies that want to motivate their existing employees and retain them for the long term, as well as attract new employees.

In doing so, any company can offer its employees great benefits at no effort or financial expense on their part!

The Facts

Since 01.01.2020, company bikes are taxed according to the new 0.25% rule

0.25% rule:

0.25% of the gross list price of the bicycle (1% of the quarter of the manufacturer's recommended retail price rounded down to a full 100 euros) is added to the employee's taxable salary (so-called non-cash benefit). By taxing the non-cash benefit, the private use of the bicycle is expressly permitted.

• If the costs are fully covered by the employer, there is no salary conversion for the employee and thus no taxation of the non-cash benefit (applies to bicycles and pedelecs up to 25 km/h).
• For s-pedelecs (up to 45 km/h), the 0.25 % rule always applies, regardless of who bears the costs of the leasing.

Why is Bikeleasing so successful?

Why is Bikeleasing so successful?

Digital B2B Platform

For the highly automated arrangement and management of leasing contracts

The complete process, from onboarding of the employer, employees ordering the bicycle from the retailer, through to the processing of damage claims is highly automated and carried out via the inhouse digital platform and mobile app.

Overview, administration & evaluation of all leasing contracts under

www.portal.bikeleasing.de

			BIKELEASING
Alle Verträge Arbeitgeber Versicherung Versicherungsfall melden Versicherungsfalle offen Versicherungsfälle beendet Versicherungsfall Ablauf Premium Versicherungsfall Ablauf PremiumPlus $L$ Downloads	NEUES VON BIKELEASING Portal rvideo 25.03.202 Erklärvideos neues Portal für Arbeitgeber	iOS-App 2503,2021 IOS App Demnachet im Store.	Versicherungs- Handbuch 23.02.2021 Versicherungshandbuch	22.02.3021	INTERNATIONAL CONTROLLERS Alyabahme bebelah seh webesi. Genetic memilikny seh bekenang Cerricos 0.25L - Regulung usebing sartir di t standar de Normbranning een geek Volkelie far privater Nutziang Vorteil gegenüber 0.25 Dienstraduersteuerung Die neue 0,25% Hegel	22.02.2021	MEHR erechtigungs- erren Download Berechtigungskarten Download Berechtgungskarten.
C Kontakt G Einstellungen Informationen Leasingrechner Händlerkarte FAO	Hier sind noch enmal die wichtigster Informationen für das neoe Portal.		Leasingverträge
Versicherungshandbuch Ablauf im Schadenfall			Freigabe Arbeitgeber Erforderlich ~
Arbeitgeberhandbuch	Status	Nytzer-ID	Abetratiner	Jehrapdatum	Naufprois brutto	Marke	Modell
	Fraigabe Arbeitgater erforderlich	NTF1-ARMG	Testnutzer Blackbit	17.04.2019	2.099,00 €	Halbike	X Duro
	Jesigabe Arbeitgebar erforder 9ch	YL&H-RH75	Cassandra Tim	03.09.2019	700.00 €	BMC	Teammaschine
	Freigabe Arbeitgeber erforderlich	WXHF-ZFGB	Testnutzer Arbeitnehmerportal	11.08.2020	1.200,00.6	Kota	×

Administration, damage claims, takeover offers, service appointments

www.bikeleasing.de/app

Advantages of the Bikeleasing concept

Advantages for employers Advantages for employees

• Employee motivation & retention
• Improvement of employee health
• Reduction of non-wage labor costs by way of salary conversion
• Positive publicity through sustainable environmental protection
• Improvement of CO2 footprint & parking space situation

• Free of charge and low effort

• High-quality company bike

• Tax advantage by way of salary conversion
• Significant savings compared to cash purchase
• 100% private use possible
• Insurance included
• Fast and uncomplicated processing at your retailer
• Leasing can be subsidized by employer

Calculation example

Unmarried employee, gross salary 3,000.00€, income tax class 1, no children, pension insurance obligation, statutory health insurance: 14,6%, 1% additional contribution, church tax: yes, employer is entitled to make input tax deductions, term: 36 months, insurance rate class "Premium" is paid by employer, insurance rate class "inspection plus" is paid by the employer

Bike type:	bike or E-Bike Gross purchase (MSRP):	2,399.00 €
	Gross purchase price: incl. insurance package "premium" and "inspection plus"	2,908.80 €
	The actual monthly net charge for the employee is

only:	38.68 €
Total instalments:	1,392.48 €
during the 36 months
Total costs:	1,824.30 €

incl. takeover price in case of takeover

Non-binding example calculation. In this example, the employee saves 37% by way of salary conversion compared to a cash purchase at a retailer.

The taxation of the non-cash benefit in the amount of 0.25% of the gross list price of the bike is already taken into account in the calculation example.

The values displayed are a non-binding calculation example. The individual savings depend on the salary and the tax class. For an individual check, please contact your tax advisor!

Vision

Strengthening of current market position

less than 30% of all employees in Germany have the option to lease a company bike

• Increasing the employee penetration rate at companies that are already connected
• Entering new countries
• Integration of new business areas at our 25,000 connected companies Transition towards a fully comprehensive social benefits platform

Bikeleasing-Service GmbH & Co. KG Ernst-Reuter-Str. 2 37170 Uslar

Office: Uslar Headquarter: Vellmar

Tel.: 0 55 71 / 30 26 - 0 Fax: 0 55 71 / 91 68 - 616

Email:	info@bikeleasing.de
Web:	www.bikeleasing.de
Facebook:	www.fb.me/bikeleasing

Leasing calculator www.bikeleasing.de/leasingrechner

The information contained in this presentation (the "Information") is confidential information of and prepared by Brockhaus Capital Management AG ("BCM" or "Company") and has not been independently verified by any third party. The Information is provided as at the date of the presentation and may be incomplete and change without notice. BCM is under no obligation to update the information or to correct any inaccuracies, save for any information required to be disclosed by law. No statement in this presentation and Information shall be understood as an implied or expressed representation or warranty of BCM or Bikeleasing.

In preparing this presentation BCM has relied upon information made available to it by BLS Bikeleasing-Service GmbH & Co. KG, its affiliates and its current direct or indirect shareholders, including information as to the financial and operative performance of BLS Bikeleasing-Service GmbH & Co. KG, and the Company assumes no liability for any such information.

When assessing BCM's or Bikeleasing's past business activity and considering any investments, past performance is not necessarily indicative of future results. There can be no assurance that BCM or its (future) subsidiaries will in the future derive similar results or that the targeted income of BCM or its (future) subsidiaries will be achieved. In addition, the information may include certain forecasts and forward-looking statements regarding the expected future performance of BCM or its (future) subsidiaries. Words such as "believe", "estimate", "expect", "forecast", "intend", "may", "plan", "project", "predict", "should" and "will" and similar expressions as they relate to the Company are intended to identify such forward-looking statements. These projections and forward-looking statements reflect various assumptions of management regarding the future performance of BCM or its (future) interests and are subject to significant business, economic and competitive uncertainties and evolutions, many of which are beyond the control of BCM.

Accordingly, there can be no assurance that these predictions and forward-looking statements will actually occur, and the Company undertakes no obligation to release the results of any revisions to any forwardlooking statements in this presentation that may occur due to any change in its expectations or to reflect events or circumstances after the date of this presentation. As a result, no undue reliance should be placed on such forward-looking statements.

No reliance may be placed on the Information or opinions contained in this presentation or on its completeness, accuracy or fairness, and any reliance a recipient places on them will be at the recipient's sole risk. No representation or warranty, express or implied, is made or given by or on behalf of the Company or Bikeleasing or any of their respective directors, officers, employees, affiliates, agents or advisers as to the accuracy, completeness or fairness of the information or opinions contained herein and no responsibility or liability is accepted by any of them for any such information or opinions. The Information set out herein may be subject without notice to updating, revision and amendment which may materially change such Information.

Some sources of market data included in this presentation were prepared before the pandemic outbreak of COVID-19, a novel strain of the coronavirus, and have not been updated for the potential effects of this pandemic. The Company is not able to determine whether the third parties who have prepared such sources will revise their estimates and projections due to the potential impact of COVID-19 on e.g., future market developments. In addition, the potential future impact of the ongoing pandemic COVID-19 on the Company's business as well as on markets and economies is still uncertain and will, among others, depend on the further development of the pandemic and other developments worldwide such as the duration or reintroduction of national and regional lock-down measures or the development of leading international economies in light of the pandemic.

This presentation is made available on the express understanding that it does not contain all information that may be required to evaluate the purchase of or investment in any securities of the Company or Bikeleasing. This presentation is accordingly not intended to form the basis of any investment decision and does not constitute or contain (express or implied) any recommendation to do so. Potential (Co-)Investor shall receive this presentation and Information for information purpose only with no liability of BCM or Bikeleasing for whatever nature. Furthermore, the presentation and Information are not intended to serve as a recommendation to Potential (Co-)Investor as to whatever it should grant as co-financing with BCM. Potential (Co-)Investor has to assess such decision in the course of its own interpretation of the due diligence reports and in its sole discretion.

This presentation is for informational purposes only and does not constitute or form part of, and should not be construed as, an offer to buy or subscribe, nor an invitation to submit an offer to buy or subscribe any of BCM's securities.

NEXTOWER | Thurn-und-Taxis-Platz 6 D-60313 Frankfurt am Main T: +49 (0) 69 20 43 40 90 F: +49 (0) 69 20 43 40 971 Mail: ir@bcm-ag.com

www.bcm-ag.com