The Platform Group AG

Investor Presentation • Aug 1, 2025

UPDATE CALL 1. AUGUST 2025

THE PLATFORM GROUP Introduction & Updates

OUR MANAGEMENT STRUCTURE

Segments

Consumer Goods Freight Goods Industrial Goods Service & Retail Goods

Management

Supervisory Board

Dr. Dominik Benner CEO (board) Bjoern Minnier CFO Sven Hülsenbeck

CTO

Sven Schumann CPM

Christoph Wilhelmy COO

Frederic von Borries CPO

Sarah Millholland CHO

Optics & Hearing (new)

VALUE CREATION UNIQUE ECOSYSTEM TO DIGITIZE PARTNERS AND PAVE THE WAY FOR ONLINE COMMERCE

TPG is a software enabled group of e-commerce platforms that connects countless partners and customers in niche segments

Acquisition of We Connect Work (B2B Construction platform)

• B2B platform
• Industry: Construction
• Focus: Germany, Austria, Eastern Europe
• Signing: July 2025
• Closing: August 2025 expected

Next steps:

• Setup additional platform for construction materials
• Integration into TPG structure

Expansion of French luxury platform Joli Closet (B2C luxury platform)

• B2C platform
• Industry: Vintage luxury goods
• Focus: France, Italy, Netherlands, US
• 220k products
• Major brands: Hermès, Dior, Rolex
• Closing July 2025 (done)

Next steps:

• Connecting Fashionette, Winkelstraat and Brandfield
• Shop relaunch Q4 2025
• Integration into TPG structure

Entry into Optics & Hearing (B2C optics/hearing Platform + stores)

• Hybrid model for optics & hearing
• B2C online platform + 30 local stores
• Focus: Germany, Austria, Switzerland
• New segment within TPG FY revenue 2026e: €55-60m EBITDA-Margin: 25%
• Closing July 2025 (done)

Next steps:

• Stores: National coverage (60-70 stores)
• MyGlasses expansion
• Integration into TPG structure

LATEST DEVELOPMENTS (3 MONTH)

New fulfilment center (TPG & partners)

• TPG Fulfillment GmbH
• Location: Gladbeck, Germany
• 12.000 sqm
• Inventory hub for (a) Partners of TPG (fulfilment)
  • (b) Returning processes
  • (c) 3 TPG subsidiaries

New legal structure planned (SE & Co. KGaA)

• AGM: 25th August 2025, Duesseldorf
• Longterm anchor shareholder: Benner Holding
• Advisory: Heuking

Longterm shareholder

SE & Co. KGaA

Operational Group Subsidiaries

THE PLATFORM GROUP Platforms for success

TPG'S STRATEGY CLEAR VISION AND ROADMAP TO BECOME EUROPE'S LEADING PROFITABLE PLATFORM GROUP

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

No 1 platform in Europe

Extension of partnerships, products and services offering

Improvement of TPG platforms via operational and software capabilities

Further geographical expansion outside Germany

Long-term balanced organic and inorganic growth (50/50)

Expansion to 30 industries by 2025

TPG'S GROWTH MODEL OUR GROWTH CIRCLE

WE GROW BY PARTNERS, NOT BY INDUSTRY

THE PLATFORM GROUP Financials & Outlook

Q1 2025 REPORT / Q1 2024

All figures unaudited. Ratios related to net revenue.

	Q1 2024	Q1 2025
GMV	€ 190.6m	€ 356.3m
Net revenue (EUR m)	€ 107.9m	€ 160.8m
Other revenues (EUR m)	€9.8m	€10.6m
Gross Margin	37.7%	34.8%
Marketing Cost Ratio	6.3%	5.9%
Distribution Cost Ratio	7.9%	7.8%
HR Cost Ration	4.7%	4.6%
Adj. EBITDA (EUR m) (% margin)	€ 8.5m (7.9%)	€ 15.9m (9.9%)
Reported EBITDA (EUR m) (% margin)	€ 16.7m (15.5%)	€ 19.6m (12.2%)
Net profit (contin. op. EUR m) (% margin)	€ 12.9m (12.0%)	€ 18.2m (11.3%)

Q1 2025

GMV +87% → outperformed expectations

Guidance / market expectation

Gross Margin development in line with consolidated portfolio companies (2024) with high GMV and low revenue (Avocadostore, Hood…)

Revenue +49% → outperformed expectations

EBITDA adj. +87% → outperformed expectations

EBITDA +17% → marginal increase due to lower Purchase Price Allocation-Effects (PPA). One-time effect of pos. depreciation in Q1 2025 due one consolidation effect.

Net profit +41% → outperformed expectations

Q1 2025 REPORT / Q1 2024

	Q1 2024	Q1 2025	Guidance / market expectation
Net profit (EUR m), continuing operations	€ 12.9m	€ 18.2m
Net profit (EUR m), not-continuing operations	€ -1.5m	-	Earnings per share (EPS) with 0.9€ above expectations
Net profit (EUR m), total	€ 11.4m	€ 18.2m
thereof minorities	€ 0.4m	€ 0.8m	Strong increase in cashflow: +93%
			Cash with €21.3m by end of March 2025 + sufficient
Earnings per share (EUR), total	€ 0.55	€ 0.90	Bank facilities
Earnings per share (EUR), continuing operations	€ 0.65	€ 0.90
Cashflow from operating activities (EUR)	€ 9.4m	€ 18.2m
Cash at the end of period (EUR)	€ 12.3m	€ 21.3m

THE PLATFORM GROUP: NON-FINANCIAL KPI

	Q1 2024
Number of Orders	0.9m	1.5m
Average order value (EUR)	115	125
Active Customers (LTM)	4.4m	5.7m
Number of Employees (31.03)	758	1.145
Number of Partners (31.03.)	11,987	15,348

Q1 2025	Takeaways
	Positive development: More partners (15,348) bring more
	products. More products bring more customers (5.7m), more customers bring more orders (1.5m).
	Average order value increased to 125€ (2024: 115€), due to less discounts and delisting of low price-products.
	Higher staff (1,145 employees) due to acquired companies.

Total growth of revenue (+49%) Q1 2025 / Q1 2024: €52.9m (=100%)

H1 SUMMARY

7 successful acquisitions in 2025, additional 2-4 to come in H2 2025. Strong Post-Merger-Management team (PMI)

Developments H1 - Relevance for 2025

After 8 quarters with increasing distribution costs: Change in development, stable cost ratio – taken actions work

Higher profitability due to cost efficiency program (2024-2025) and scalable cost structure

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

Increased scalability of our TPG One Software allows us to connect partners faster and enter new industries within <4 month

Positive development in H1 Increase in guidance for FY2025

Our 4 segments grow. Industrial good segment with positive margin development. New segment "Optics & Hearing" since 07/2025 with high potential and 25% EBITDA-Margin.

TPG: NEW GUIDANCE 2025 (07/2025)

OVERVIEW 2023 – 2025FC

	2023	2024	2025 FC
GMV	€ 705m	€ 903m	€ 1.3bn
Net revenue (EUR m)	€ 440.8m	€ 524.6m	€ 715-735m
Other revenues (EUR m)	€32.8m	€29.1m
Gross Margin	31.1%	35.3%
Marketing Cost Ratio	5.9%	6.4%
Distribution Cost Ratio	7.5%	7.8%
HR Cost Ration	4.7%	5.4%
Adj. EBITDA (EUR m) (% margin)	€ 22.6m (5.1%)	€ 33.2m (6.3%)	€ 54-58m (>7%)
Reported EBITDA (EUR m) (% margin)	€ 47.4m (10.7%)	€ 55.6m (10.6%)
Net profit (EUR m) (% margin)	€ 33.3m (7.6%)	€ 35.5m (6.8%)

Minorities:

€ 4-7m (<12% of total EBITDA)

GUIDANCE UPDATE 07/2025

Revenue Guidance 2025e

01/2025

EBITDA Guidance 2025e

04/2025

07/2025

FORECAST 04/2025

TPG: NEW MIDTERM GUIDANCE (07/2025)

MIDTERM GUIDANCE (2026)

MIDTERM GUIDANCE

Revenue Guidance 2026e

2024 2025e 2026e

GMV Guidance 2026e

2024 2025e

2026e

MIDTERM GUIDANCE

EBITDA (adj.) Guidance 2026e Partner Guidance 2026e

2024 2025e 2026e

2024 2025e

2026e

ADDITIONAL INFORMATION ON DEBT, CAPITAL AND CASH

DEBT SITUATION (€m)

	31.12.2024	31.12.2025 FC
Cash + Cash equivalents	€ 22.1m	€ 16.4m
Long term Debt (bank loans)	€ 33.1m
Short term Debt (bank loans)	€ 26.1m	€ 122.5m
Bond	€ 50.0m
Net Debt	€ 87.1m	€ 106.1m
EBITDA	€ 33.2m	€ 54-58m
Leverage	2.6 x	2.0 x

Figures for 31.12.2025 are Forecast

RETURN ON EQUITY / CAPITAL EMPLOYED

		Takeaways
		Return on Equity (ROE) with 26.4% above Guideline of >20%
		Retrurn on Capital Employed (ROCE) with 19.8% above Guideline of >15%
2021
		Among the highest ROE in our industry
		Further increase to be expected in 2025

		Takeaways
		Return on Equity (ROE) with 26.4% above Guideline of >20%
		Retrurn on Capital Employed (ROCE) with 19.8% above Guideline of >15%
2021
		Among the highest ROE in our industry
		Further increase to be expected in 2025

ORGANIZATIONAL STRUCTURE & CASH POOLING

ORGANIZATIONAL STRUCTURE & CASH POOLING

Cash Pooling & liquidity framework between TPG AG, TPG KG, Fashionette & Brandfield/Fastylo

TPG KG = operational holding with cash & bank facilities TPG AG + TPG KG = Both with cash pooling & liquidity framework

Strategy of cash pooling/liquidity framework: >90% of average cash is in TPG KG holding / subsidiaries allocated

Majority of subsidiaries with cash pooling and/or liquidity framework with TPG KG holding

→TPG AG has access to cash due to pooling / liquidity framework

Cash Pooling within TPG Group (2025)

Relevant legal & operational settings for TPG cash pooling & liquidity framework: 1. Legal guidelines for subsidiaries ("Grundsätze der Kapitalaufbringung und -erhaltung") § 30 Abs. 1. S. 1 GmbHG / § 57 Abs. 1 S. 1 AktG / § 62 Abs. 1 S. 2 AktG, § 31 Abs. 1 GmbHG 2. Target balancing per subsidiary / in line with liquidity forecast & legal standards

• § 64 GmbHG / § 93 AktG

ORGANIZATIONAL STRUCTURE & CASH POOLING

• (1) Annual Financial Statement TPG GmbH & Co. KG → AGM public view
• (2) Overview on cash status 30.06.2025 → HY data
• (3) Cash planning 2025 2nd HY
• (4) Q&A Session with shareholders by August 2025

More transparency

FINANCIAL CALENDER 2025

DATE	EVENT
	NOV 24, 2025 German Equity Forum 24 - 26 November , Frankfurt/Main
	NOV 14, 2025 Publication Quarterly Statement (call-date Q3)
	SEP 01, 2025 - Fall Conference 1/2 September , Frankfurt/Main
	AUG 27, 2025 Hamburg Investors Days 27/28 August , Hamburg
	AUG 25, 2025 Annual General Meeting , Dusseldorf
	AUG 22, 2025 Publication Half-yearly Financial Statements

Bjoern Minnier CFO & Investor Relations

ir@the-platform-group.com

THANK YOU!