BASIC-FIT

JUNE 2023
CONTENTS 01 Recap Q1 2023

02 History & track record

03 The opportunity

04 Our growth strategy

05 Why our model works

06 Sustainability

07 Appendix
RECAP
 233 (+2) Netherlands

5 (+2) Germany
220 (+1) Belgium 1,268 clubs compared to 1,087 in Q1 2022 (+17%)

10 (-) Luxembourg
Market leader in 5 of its 6 countries

696 (+49) France France: 49 net club growth to 696

Spain: 14 net club growth to 104

Germany: 2 club opened. Strong pipeline for next 24

104 (+14) Spain
months

4
 3.60 MILLION AT THE END OF Q1 2023

Memberships 2019 – March 2023

Membership growth of 37% vs. Q1 2022
4.0

3.5 Growth was recorded in all countries and in both

3.0 mature and immature clubs

2.5
Premium membership uptake of more than 50% has
2.0
continued after recent membership structure changes

1.5
2019 2020 2021 2022 2023
Premium memberships now account for 38% of base

(Q1 2022: 24%)

5
 Club network expected to grow by at least 200 in 2023, in line
with long term targets

Most club openings in France and Spain

Building momentum in Germany; 65 new contracts signed

CLUB OPENINGS PIPELINE (# CLUBS)

> 400
400

200 167 152

85 88

0
Net openings Under Contracts Contracts being Sites being
YTD 24 April construction signed negotiated researched

6
 MIX OF BANK DEBT AND CONVERTIBLE BOND LOAN

Maturity of debt facilities Limited debt repayments in medium-term:

700
o GO-C: €13 million redemption H1 2023
600
o Schuldschein: €18 million redemption Oct 2024
500

400 Syndicated facilities: €650** million due June 2027 +

300 options to extend by two years to June 2029
200

100
€150 million uncommitted revolving facility accordion

-
2023 2024 2025 2026 2027 2028* Convertible bond loan €303.7 million; maturity June
Debt excl. convertible Convertible 100% redemption 2028, conversion price €50.63/share

• * Convertible bondholders have a put option for an early redemption in June 2026
• ** Syndicated facilities: €460 drawn 31-12-2022

7
 FULL RECOVERY OF MATURE CLUB
AVERAGE MEMBERSHIPS*

Club network to grow Revenue of at least Mature club* ROIC of Gradual increase
by at least €1 billion well over 30% avg revenue per
200 clubs membership

* 889 clubs in total. Including clubs opened during 2018, 2019 and 2020.
8
HISTORY
 A LONG TRACK RECORD OF GROWTH IN THE FITNESS SPACE
1984 2010 2013 2016 2019 2022
Our team started Acquisition of Separation Basic- IPO listing on Basic-Fit is Europe’s First clubs opened
Mid-market brand* Basic-Fit Fit / HealthCity and Amsterdam largest and fastest in sixth country
198 clubs at peak in 2011 28 low-cost format majority growing fitness
clubs investment chain Germany

1,264
# OF CLUBS Basic-Fit HealthCity (separate entity as of 2013)

1,250

1,000

750

500

250

0
2005

2006

2007

2008

2009

2011

2020

2021

2022

2023
2014

2019
2010

2012

2013

2015

2016

2017

2018
10
 ALL KPI’S HAVE STRONG CAGR BETWEEN 2016-2022

# of clubs # of memberships (‘000s)

1,200
1,200 1,015 3,352
905 3,400
900 784
629 2,600 2,221 2,220
600
521 2,001
419 1,843
1,800 1,524
300 1,211
0 1,000
2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022

revenue (€ million) underlying EBITDA* (€ million)

795
800
225 204
600 515 155
402 377 124
326 341 150 101
400 259 80 94
200 75 32
0 0
2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022

* Adjusted EBITDA for the years prior to 2020

11
THE
 OFFER SIGNIFICANT GROWTH OPPORTUNITIES

MEMBERSHIPS PENETRATION, % Basic-Fit’s markets of presence

25%
Fitness membership penetration in the US: 21.8%*

20% 21%
20%
19% 19%
17%
15% 16%

12%
10% 11% 11% 11%
10%
9%
8% 8%
5% 6%

0%
SE NO DK FI NL UK DE ES AT IE FR IT PL BE PT

Source:
Deloitte and EuropeActive – European Health & Fitness Market Report 2023
2022 IHRSA Health Club Consumer Report
* 25.1% including friend/guest and non-member visits

13
 THERE ARE ONLY A FEW LARGE VALUE-FOR-MONEY FITNESS CHAINS
6 5 4 1 1 4 4 2 3 1 1 1
Countries

HQ based

Avg club 500 – 700 – 300 –

1,500 500 - 600 300 – 1,500 n/a 1,200~2,000 n/a 750 ~ 1,400 1,500 – 2,000 2,000 – 2,500
size (sqm) 2,200 1,500 1,500

Franchise No No Mainly Mainly Mainly No No Mainly no No No No

1,285
1,250

1,000

750
559
470
500
380
302 275 264 258 241 229
250
112 102

Low-Cost Mid-Market / Premium

14
Source: company websites, company information and Deloitte and EuropeActive – European Health & Fitness Market 2023, European clubs only
 INCREASED AWARENESS OF HEALTH & WELLNESS
RISE IN LIFE EXPECTANCY – EUROPEAN UNION(a)
90 84 87
80 80
75

Years
71
70

50
1970 1990 2010 2021 2040 2060

INCREASE IN DIABETES – GLOBALLY(b)

Million people
1,000 784
1998 2022 537 643
366 415
151
69% 86% 0
2000 2011 2015 2021 2030* 2045*

GROWING OBESITY(c) 2016 2030E

OBESITY AMONG ADULTS, 2017 OR NEAREST YEAR, 2030 ESTIMATE PER OECD

60% 47%
39%40%
29% 35% 33%
Source: 15% 20% 21% 28% 26%
30% 13%
(a) Eurostat, Life expectancy at birth. Forecasts are average of male/female data 9% 17% 17%
10% 10%
based on unweighted averages of all EU countries 6%
(b) International Diabetes Federation (Factsheet 2021 and IDF Diabetes Atlas, 9th edition 2019): 0%
Figures are estimates for people between 20-79 years of age, * These years are projections Korea Italy Swiss France Spain Canada UK Mexico USA
(c) OECD Health Statistics 2017 & 2018. 2030E: OECD analysis of national health survey data.

15
OUR GROWTH
 PILLARS

New
club rollout
• Significant white space potential in
existing geographies
• Visible and secure rollout pipeline
• Proven model that can be applied to
expansion in new markets
Maturation
of existing estate
• Visible and consistent maturity profile
for new openings
• 24 months for a new club to reach
maturity with an average memberships
level of approx. 3,300
• Potential for further memberships
growth utilising club capacity
Yield management
& other revenue
• Basic-Fit is committed to keeping
memberships fees low
• Increase membership yield by
offering value-added products and
services
• Other revenue sources from day-
passes, vending machines, licensed
personal trainers and physio

17
 2,650-3,200 CLUBS POTENTIAL BY INCREASING THE
FITNESS PENETRATION AND MARKET SHARE GAINS

Netherlands 03/2023 GOAL HOW

Belgium Germany 233 clubs 300-350 clubs Clusters

Luxembourg
230 clubs 300 clubs Regional clubs

France Big cities / Paris /

696 clubs 1,000-1,300 clubs
idf / regional clubs

104 clubs 450-650 clubs Focus on urban areas

Spain

5 clubs 600 clubs Larger cities first

18
 CLUSTER STRATEGY
ENHANCES MARKET
POSITION AND
INCREASES
PENETRATION

A club can be built in a catchment

area with at least 30K inhabitants

The number of clubs that we open in

an area depends on the total
memberships potential

Simultaneous fit-out of cluster clubs

Operational advantages for regional

managers and marketing synergies

Optimally set to benefit from

increase in fitness penetration

Note: example city with 100k inhabitants

19
 CLUB MATURATION DRIVES EBITDA GROWTH
+51%

€431K

Underlying club EBITDA increases with maturation of network

€286K*
Short-term: average mature club EBITDA initially impacted by

inflated cost base and to improve during 2023 as yield per

member increases

Longer-term: underlying club EBITDA potential of €518 million

based on 1,200 mature clubs with 2022 mature club profitability

All clubs 502 mature clubs

* €286K amount is based on 2022 underlying club EBITDA divided by average number of clubs in 2022

20
 4%* OF TOTAL REVENUE, HIGHLY PROFITABLE
ADD-ONS / YIELD OTHER REVENUE

SPORTS WATER DAY PASS PT & PHYSIO PERSONAL ONLINE

Available in all Basic-Fit clubs For one-off visits 910 clubs with COACH
Ca.20% membership penetration > 60,000 day passes a personal trainers Coaching from a
month 261 clubs with physio certified personal
trainer via the app
Day pass Physiotherapists and
Sports Water PTs pay rent fees to Tailor-made training
Sugar free water fortified with vitamins €9.99 schedule
Basic-Fit
€5 per four weeks
PT intro session €60 for 12 weeks

VENDING
BASIC-FIT MEDIA Broad and high quality Personal Trainer
selection of relevant Local entrepreneurs renting NXT Level
DOOH advertising and partner products space inside Basic-Fit clubs
product sales Basic-Fit’s sports
€500 - €1,500 p/m licence fee
Vending nutrition brand
Sports nutrition
Vending & Webshop
Sports nutrition
In club narrow
casting and
online product
sales

* Based on 2022 Group revenue.

21
22
WHY OUR
 AND SCALABLE BUSINESS MODEL

Experience and proven track record

Best-in-class Operating cost

Capex efficiency
execution efficiency

Compelling Engaging
Ability to
consumer member
reinvest
proposition journey

Efficient & professional organisation

Significant scale benefits and barriers to entry

24
 WE MAKE AFFORDABLE FITNESS AVAILABLE FOR ALL

High quality estate State of the art equipment Exciting exercise programmes

25
 NEW STRUCTURE IN FRANCE AND BENELUX

26
 TECHNOLOGY ENHANCES THE CUSTOMER EXPERIENCE
WHILST KEEPING COSTS LOW

Sign-up Enter club 24/7 Customer

Kiosk & Online registration
Seamless self-service
sign up and membership
changes
24/7 online sign
up & support
Stadium Gate Service
Secure & Digital Customer Support integrates
controlled entry AI and Live Chat
Live chat on web and social media
QR code required to enter
(physical pass optional) for customer support
Artificial intelligence used for
Track visit statistics
conversions
Live chat with a fitness expert in-app

Follow Get exercise Stay engaged

the pros
GXR
Fitness without boundaries
Classes offered every hour in
the club and on-demand at home
instructions
Virtual Coach
Virtual instructor on the main club floor
Track progress with
body composition scale
Discover exercises with technique tips
and find the best training programme
outside the box
Basic-Fit App
Over 500 training programmes/workouts
Training options for in-gym and at home
Food app with comprehensive
food database
Video platform with GXR

27
27
 28

MEMBER JOURNEY

30 BASIC-FIT HAS A LONGER LENGTH

22 to 23 OF STAY THAN THE AVERAGE
FITNESS CLUB
months
18 to 19
20
months Basic-Fit has a longer average length
of stay than the fitness industry in
general and our figure is growing

10 Our average length of stay (LoS) at

the time of our IPO was 18-19 months
and we are currently at 22-23 months

0 The international fitness market’s

Basic-Fit early days Basic-Fit 2023 LoS is less than 12 months

28
 DRIVEN BY TECHNOLOGY, LOCAL MARKET INSIGHTS AND EXPERIENCE
Research Analysis
Nationwide sourcing of
sites (via real estate
agencies)
White spot analysis
Requirement of site
size 1,200-2,500sqm
Dense population
catchments
Highly visible locations /
easy access to parking
Close to major
transport hubs
Competition analysis
Demographic analysis
Proprietary mapping tools
29
29
Approval / New Club
Negotiation Opening
New club analysis
(i.e. costs and Business manager, Fit-out complete
memberships property manager and
development) CEO/CFO approval HQ and country recruit
and appoint Club team
Estimated returns Legal process
and payback Pre-opening
9-10 year lease with marketing / website
Contractor appraisal of rent free periods
construction costs Pre-opening
Pricing terms i.e. membership sales
monthly rent payments
and bank guarantee Real time tracking
of performance
Permit application
 DETAILED ANALYSIS REMAINS FUNDAMENTAL TO OUR
COMPETITIVENESS

Inhabitants Age Other Fitness

distribution demographics penetration

Competitors Competitor Market Members

analysis share

Drive Time Analysis

30
 ROIC TARGET OF 30%
UNDERLYING CLUB EBITDA DEVELOPMENT

In € thousands

40

20

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Months from opening

-20

All clubs

* As achieved pre-COVID-19

31
 FURTHER OPERATING LEVERAGE AS WE CONTINUE TO GROW THE BUSINESS

Cost efficient operations

Technology is an enabler of our business model Example of an
and at the core of our operations average mature
Club economics club
Clubs run with less than 3 FTEs on average
in € thousands
Clubs supported by PTs who are incentivised to
“think like an owner”
Initial investment 1,200
Cost-efficient outsourcing of cleaning and other services

Supported by centralised functions Memberships 3,350

Minimise local overhead and avoid duplicate function
Pool resources and establish best practices Revenue 840
Monitoring, control and signing off on decisions

Significant scale advantages

Underlying club EBITDA 420
High level of standardisation allows
for bulk purchasing with large discounts Underlying club EBITDA margin 50%
Negotiation of pan European prices
Highly detailed bill or material and fit-out specification ROIC 35%
enables cost efficient construction of clubs

* As achieved pre-COVID-19

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SUSTAINABILITY
 BASIC-FIT &
SUSTAINABILITY
A NATURAL MATCH

Increasingly sedentary lifestyles

On demand society

Lifestyle diseases

Increasing awareness of health &

fitness

Fitness is part of the solution

Clubs close to where people live or

work

Low-priced membership fees

Exercise whenever, wherever and

however you want

34
 LOW COST =
SMALL FOOTPRINT

Fitness equipment is self powered

LED lighting

No swimming pools or sauna

Water saving shower heads

Water flow and shower time

management

Recycled paper paper-towels

Etc.

35
 IN SUSTAINABILITY
2022
External reporting on main KPIs
Launch project to reduce energy
consumption

2021
Developing new tools (reporting manual,
sustainability report, data automation)
Launching the new 2030 programme

2020
Finetuning KPI’s
Launching ESG partnership programme
Reviewing material topics
Continue work on long-term ambitions,
2019 defining priorities and checking feasibility

Define KPIs
First materiality assessment
Drafting the first targets
2018 Start reporting on our progress in our Annual Report

Defining a strategy
Identify value drivers
Structure sustainable initiatives

36
 GO
WORLD PROGRAMME

37
 AMBITIONS
Healthy Healthy Healthy
people: planet: community:
Improve health Reduce our Support our
and wellbeing for environmental communities
15 million people* footprint by being towards a fitter
carbon neutral with life and a more
By 2030, we aim our club operations inclusive place
to reach 15 million
people to help them By 2030, we aim to By 2030, we aim
improve their health have reduced our to have invested
and wellbeing environmental footprint €5 million in our
and be carbon neutral communities
through impactful
partnerships

* All people that benefit from our

products and services across
Europe in our clubs or at home

38
 CARBON NEUTRAL

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Remote
Nano- Remote facility
facility Remote facility roll-out
grid optimisation
testing

All clubs on green electricity and monitoring of sourcing

Green electricity Assess impact of business travel

all HQs Action plan for C02 emission from travel & lease cars

39
APPENDIX
 Te rm De fin itio n

Club EBITDA
Club EBITDA margin
Underlying club EBITDA
Underlying club EBITDA margin
EBITDA
EBITDA margin
Underlying EBITDA
Underlying EBITDA margin
EBIT
Underlying net result
Basic underlying EPS
Diluted underlying EPS
Net debt
Net debt (excl. lease liabilties)
ROIC
Mature club
Mature club revenue
Mature club underlying EBITDA
Mature club underlying EBITDA margin Underlying EBITDA of mature clubs as a percentage of mature club revenue
Expansion capex
Initial capex newly built club
Maintenance capex
Average maintenance costs per club
EBITDA before overhead costs and net result from non-club revenue (webshop and NXT Level)
Club EBITDA as a percentage of club revenue
Club EBITDA adjusted for exceptional items and minus invoiced rent costs of opened clubs
Underlying club EBITDA as a percentage of club revenue
Profit (loss) before interest, taxes, depreciation, amortisation and COVID-19 rent credit
EBITDA as a percentage of total revenue
EBITDA adjusted for exceptional items and minus invoiced rent costs
Underlying EBITDA as a percentage of total revenue
Profit (loss) before interest and taxes
Net result adjusted for IFRS16, PPA amortisation, IRS valuation differences, exceptional items, one-offs and
the releated tax effects
Underlying net result divided by the weighted average number of shares
Underlying net result divided by the weighted average number of diluted shares
Total of long- and short-term borrowings and IFRS16 lease liabilities, less cash and cash equivalents
Total of long- and short-term borrowings, less cash and cash equivalents
Underlying mature club EBITDA as a percentage of the initial investment to build a club
Club that has been open for 24 months or more at the start of the year
Revenue of mature clubs
Underlying EBITDA of mature clubs
Total costs of newly built clubs, acquisitions, existing club enlargements and cost for clubs that are not yet
open
Total costs newly built clubs divided by the number of newly built clubs
Total club maintencance costs
Total maintencance capex divided by the average number of clubs

41
 This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Basic Fit N.V.
and its subsidiaries (referred to as 'the company') and certain of the plans and objectives of the company with respect to these items.

The words "believes", "expects", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positioned" or "anticipates" and similar expressions (or
their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the company's intentions, beliefs or current expectations concerning, among
other things, the company's results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the company operates. The forward-looking statements in this
presentation are based on numerous assumptions regarding the company's present and future business strategies and the environment in which the company will operate in the future. Forward-looking
statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause
the actual results, performance or achievements of the company to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to
factors that are beyond the company's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators
and other factors such as the company's ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the company operates or in
economic or technological trends or conditions. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding
future performance.

This presentation contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the company's business and
markets. Unless otherwise indicated, such information is based on the company's analysis of multiple sources, as well as information obtained from (i) experts, industry associations and data providers; and
(ii) publicly available information from other sources, such as information publicly released by our competitors. To the extent available, any industry, market and competitive position data contained in this
presentation has come from official or third party sources. While the company believes that each of these publications, studies and surveys has been prepared by a reputable source, the company has not
independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this presentation come from the company's own internal research and
estimates based on the knowledge and experience of the company's management in the markets in which the company operates. While the company believes that such research and estimates are reasonable
and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly,
undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. All projections, valuations and statistical analyses are provided to assist the
recipient in the evaluation of the matters described herein. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results
and to the extent that they are based on historical information, they should not be relied upon as an accurate prediction of future performance.

The forward-looking statements contained refer only to the date in which they are made, and the company does not undertake any obligation to update any forward-looking statements.

By attending the meeting where this presentation is made or by accepting a copy of this presentation, you agree to be bound by the foregoing limitations.

42
THANK YOU