Full Year 2016 Results23 March 2017

STRICTLY CONFIDENTIAL, NOT FOR DISTRIBUTION

202.2

258.6

2015 2016

HIGHLIGHTS

2

STRONGGROWTHOFREVENUEANDADJUSTEDEBITDA

Networkgrewby81clubsto419

27%growthinmembershipsto1.21million

28%revenuegrowthto€259million

34%growthadjustedEBITDAto€80million

5%like-for-likerevenuegrowthmatureclubs;

matureclubEBITDAmarginof49.6%

Acceleratedclubrolloutstrategy;grownetworkbyaround100clubsayearin2017andonwards

60.1

80.4

2015 2016

+34%

+28%

+29.7% +31.1%

REVENUE

ADJUSTEDEBITDA

AdjustedEBITDAmargin

In€millions

In€millions

3

CLUBS

31

73

8

159

148

ADJUSTEDEBITDA(a)

REVENUE

MEMBERSHIPS

BASIC-FIT IS THE LARGEST CHAIN OF “VALUE-FOR-MONEY” FITNESS CLUBS IN EUROPE

BASIC-FIT’SCLUBNETWORK

4

1.21millionmemberships

419Clubsin5countries

81clubsaddedtothenetwork

#1MarketpositioninEurope

bynumberofclubs

Belgium41%

Netherlands39%

France10%

Spain7%

Luxembourg3%

Note:Numbersshownontheslidearerounded. Percentagesarebasedonnon-roundednumbers(a) AdjustedEBITDAisdefinedasrevenuelessoperatingcostsandoverheads,beforeexceptionalitems

Belgium38%

Netherlands35%

France18%

Spain7%

Luxembourg2%

Benelux91%

France&Spain9%

Belgium38%

Netherlands38%

France15%

Spain7%

Luxembourg2%

€259million

€80million

419clubs

1.21million

ACHIEVEMENTS OVERVIEW

5

199264

338419

0

200

400

600

2013 2014 2015 2016

CONTINUEDGROWTHINCLUBS,MEMBERSHIP,REVENUEANDADJUSTEDEBITDATRACK RECORD OF GROWTH

6

#ofmembershipsatyear-end(‘000s)#ofclubsatyear-end

ATTRACTIVEFINANCIALGROWTHPROFILE

AdjustedEBITDAmargin[…]%

PROVENANDSCALABLEMODEL

553

792956

1,211

0

500

1,000

1,500

2013 2014 2015 2016

Revenue(€millions)

162202

259

0

100

200

300

2014 2015 2016

AdjustedEBITDA(€millions)

45.960.1

80.4

0

20

40

60

80

100

2014 2015 2016

28.4% 29.7% 31.1%

DETAILED P&L AND GEOGRAPHIC REVENUE SPLIT

7

• AdjustedclubEBITDAmarginincreasedto43.7%from41.5%in

2015;adjustedmatureclubEBITDAmarginis49.6%

• Growthofoverheadexpensesduetofurtherprofessionalisation

ofHQaheadoftheIPOandtofacilitatefurthergrowth

• AdjustedEBITDAmarginincreasedto31.1%from29.7%in2015

STRONGOPERATINGLEVERAGE

YIELD MANAGEMENT & OTHER REVENUE

8

Basic-FitPro-AppExerciseandnutritiontips

€3.99p/m

LiveGroupLessonsWithInstructor

€5.99- €9.99p/m

ADD-ONS

• AvailableinallBasic-Fitclubsatyearend2016

• ~150ksubscriptions=12%membershippenetration

SportsWaterSugarfreewaterfortifiedwithvitamins

€3.99- €5.99p/m

SPORTSWATER

• 250kdownloadsofBasic-Fitappin2016

• 1.1%penetrationofPRO-APP

• FurtherdevelopmentofPROAPPplanned

BASIC-FITPROAPP

• Liveclassesundertheguidanceofacertifiedinstructorinmorethan50%oftheclubs

• LimitedrolloutinFrance

LIVEGXCLASSES

PERSONALTRAINING&PHYSIO

• 237clubswithPersonalTrainers(PT)

• 112clubswithPhysiotherapists

• PhysiotherapistsandPTspayfeestoofferservicestomembers

• Additionalservicesdrivequalityofserviceandmembershipretention

PersonalTrainerLocalentrepreneursrentingspaceinsideBasic-FitStudios

€350- €1500p/mlicencefee

VENDING

• Newvendingmachinesbeingplacedinclubs;completedbyendQ22017

• Broaderandhigherqualityselectiontoincreasesales

VendingSportsNutrition

SPORTSWATERROLLEDOUTACROSSTHECOUNTRIES;DAYPASSES&PERSONALTRAINERSINHIGHDEMAND

DAYPASS

• MadeavailableviakioskinMarch2016

• >10,000daypassespermonth

€6.99- €7.99DayPass

OTHERREVENUE

ADJUSTED NET EARNINGS

9

CASH FLOW & CAPITAL EXPENDITURE

10

SIGNIFICANT INVESTMENT TO MAINTAIN HIGH QUALITY STANDARDS AND ROLLOUT NEW CLUBS

Maintenancecapex€38thousandperclubin2016Expectedcapexperclubofaround€55thousandasof2017

ExpansioncapexIncludes€15millioninvestmentsinsmallacquisitionsandexpansionexistingclubs€1.1millionspentpernewbuiltclub(84openings)

One-offcapexProgrammetobringnetworkuptothenewBasic-FitstandardPlannedrefurbishmentscompletedinH12016

OthercapexHQrelocationexpenses,softwaredevelopmentandinnovation

Note:totalsarebasedonnon-roundedfigures

France

Group

0.0

1.0

2.0

3.0

4.0

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

EMBEDDED GROWTH POTENTIAL FROM MATURATION

11

AVERAGEMEMBERSHIPRAMP-UPPERNEWCLUB

Basic-Fitav.maturemembershipofc.3,300members

Break-evenlevelofmembershipforgreenfieldgyms

#ofmembers(in1,000)

Averagenumberofclubsin2016

€298K

€372K

AllClubs MatureClubs>24months

181

419

MatureClubs>24months

AllClubs

#ofclubs2016

181379

+25%

CLUBMATURATIONTODRIVEEBITDAGROWTH

2016averageadjustedclubEBITDA

AverageadjustedmatureclubEBITDAin2016 €372k

AverageadjustedmatureclubEBITDAmargin 49.6%

Capexper newclubin2016 €1.1 million

#months

STRONG CAPITAL STRUCTURE

12

FUNDING ACCELERATED GROWTH PLAN SECURED

ProceedsofIPOusedtodeleverage

Newfacilitiesagreementwithsubstantiallylowerinterestexpensesgoingforward(2.5-3%)

Netdebtof€206million;2.6xadjustedEBITDA

Extensionofrevolvingcreditfacilitytofacilitategrowth

Revolvingcreditfacilityincreasedby€75millioninMarch2017

Noadjustmentoffacilityterms

Leverageratioexpectedof2.5- 3.0timesadjustedEBITDAatyear-end2017

13

14

SIGNIFICANT WHITE SPOT POTENTIAL IN EACH MARKET

GrowthLevers

WhiteSpotAvailability

MarketPenetrationUpliftPotential

CanBasic-FitGrowSizeofMarket?

CanBasic-FitCaptureMarketShare?

Source: OC&CMarketReport2016Note:(a) Francebasecasewhitespotestimatebasedonpenetrationlevelof3.2%oflow-costgymsegmentwithincatchmentareas.Upsidebasedonnationalpenetrationlevelincreaseto11.0%and50%localmembershareoflow-costclubs(b) Spainbasecasewhitespotestimatebasedonpenetrationlevelof3.3%oflow-costgymsegmentwithincatchmentareas.Upsidebasedonnationalpenetrationlevelincreaseto15.0%and50%localmembershareoflow-costclubs(c) TheNetherlandsbasecasewhitespotestimatebasedonstabletotalmarketpenetrationandnumberofexistinglow-costandothergymspercatchmentarea(d) Belgiumbasecasewhitespotestimatebasedonpenetrationlevelof4.8%oflow-costgymsegmentwithincatchmentareas.Upsidebasedonnationalpenetrationlevelincreaseto11.0%and70%localmembershareoflow-costclubs

TheNetherlands

~125clubs(c)

ü Some2.6MMaddressable

currentnon-gymmembers

ü Yes,low-costexpectedtocontinuedrivingmarket

growth

ü Yes,low-costexpectedtocontinuedrivingmarket

growth

Spain

~245clubs(b)

ü Some15.0MMaddressable

currentnon-gymmembers

ü Yes,byenteringlesspenetratedpartsofthe

market

ü Yes,buildingstrongclubclusters

France

~485clubs(a)

ü Meaningful16.0MMaddressable

currentnon-gymmembers

ü Yes,asillustratedbyBelgianexample

ü Yes,bysteppinguprolloutactivityandmakingtheofferingavailabletopotentialmembers

Belgium

~50clubs(d)

ü Meaningful2.5MMaddressable

currentnon-gymmembers

ü Yes,byenteringlesspenetratedpartsofthe

market

ü Yes,byenteringlesspenetratedpartsofthemarket(sharealready

highincurrentcatchmentareas)

~130clubs(d)

Whitespots(OC&CCase) Furtherupside

~915clubs(a) ~970clubs(b)

THE FRENCH OPPORTUNITY

15

5 8 11 1218

2532

44

57

73

0

10

20

30

40

50

60

70

80

Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

ACCELERATIONOFROLLOUTINFRANCE

#ofclubsattheendoftheperiod

57%22%

14%

11%2%

By#ofgyms;top5low-costoperatorsonly

BASIC-FITISTHE#1LOW-COSTNON-FRANCHISEPLAYERINFRANCE

WELL STRUCTURED APPROACH TO SITE SELECTION…

16

Strongmemberdemand• Detaileddemographicanalysisfocusingonpopulationdensityandsocioeconomicfactorssuchasincomelevels

• Clearlyidentifiedcatchmentsbasedonmarketrelevantdrivetimesinsuburbanlocationsandwalktimesincitycentrelocations

Strategicclusters• Focusoncomplementarynetworksincitiesandareas

• Fullnetworkaccesshighly valuedbymembers

• Strongworkandhomeclubcombinations

Financialfeasibility• Affordablepropertydeals• Attractiveyield/rentrelationship

• Abilitytoleverageeconomiesofscaleinmajorcities

Convenience,accessandexposure• Convenienceandexposurecriticaltoattractandretainmembers

• Sufficientcarparkingessentialinsuburbanlocations

• Enablinginfrastructuresuchasarterialroadsandtransporthubs

…DRIVEN BY TECHNOLOGY AND LOCAL INTELLIGENCEWELLESTABLISHEDANDSTANDARDISEDPROCEDUREFORSITESELECTION

Research Analysis Approval/Negotiation NewClubOpening

~1month ~3-6months

• Nationwidesourcingofsites(viarealestateagencies)

• Whitespotanalysis

• Requirementofsitesize1,200-2,500sqm

• Populationcatchments

• Highlyvisiblelocations/easyaccesstoparking

• Closetomajortransporthubs

• Competitionanalysis

• Demographicanalysis

• Proprietarymappingtools

• Newclubanalysis(i.e.costsandmembershipdevelopment)

• Estimatedreturnsandpayback

• Contractorappraisalofconstructioncosts

• Countrymanager,CFOandCEOapproval

• Legalprocess

• 9-10yearleasewithrentfreeperiods

• Pricingtermsi.e.monthlyrentpaymentandbankguarantee

• Permitapplication

• Fit-outcomplete

• HQandcountryrecruitandappointClubteam

• Pre-openingmarketing/website

• Pre-openingmembershipsales

• Realtimetrackingofperformance

17

~3-6months

STRONG ROLLOUT PIPELINE AND VISIBILITY

18

ONTRACKTODELIVERMEDIUMTERMROLLOUTPLAN

Pipelinevisibility(#ofclubs)

FOCUSOFROLLINGOUTCLUBSINFRANCE

Rolloutplan(newopenings(net)- #ofclubs)

7481

c.100 c.100

0

20

40

60

80

100

120

2015 2016 2017 2018

Benelux France&Spain

29

69

140

0

20

40

60

80

100

120

140

160

Underconstruction

Contractssigned* Pipeline

* Contractssignedincludessitesforwhichweareawaitingpermitapproval

MEDIUM TERM OUTLOOK

19

Wellfillednewclubopeningspipeline

GrowBasic-Fitnetworkbyaround100clubsin2017andonwards

Growrevenueonaveragebyatleast20%ayear,withsignificantoperatingleverage

Modestlike-for-likerevenuegrowthofmatureclubs

Focusonqualityofnetworkandreturnoninvestedcapitalonmatureclubsofatleast30%

ACCELERATIONOFCLUBROLLOUTSTRATEGY

GROWTH COMPONENTS UNCHANGED

20

NEWCLUBROLLOUT

• Significantwhitespacepotentialinexistinggeographies

• Visibleandsecurerolloutpipeline• Attractivebreak-evenlevels(a)

(~1,500members),typicallyreachedwithin4monthsorearlier

• Provenmodelcanbeappliedtoexpansioninnewmarkets

MATURATIONOFEXISTINGESTATE

• Visibleandconsistentmaturityprofilefornewopenings

• Typically~24monthsforanewopeningtoreachtargetmemberlevelsof~3,300

• Atthestartof2017,40%ofclubsareyettoreachmaturity

• Potentialforfurthermembergrowthutilisingclubcapacity

• Basic-Fitiscommittedtokeepingmembershipfeeslow

• Focuson“add-on”feeopportunitiestoincreasemembershipyieldbyofferingvalue-addedproductsandservices

• Secondaryincomesourcesfromday-passes,vendingmachines,licensedPTsandPhysio

YIELDMANAGEMENT&SECONDARYINCOME

(a) Break-evenleveldefinedasadjustedClubEBITDA>0

21

ANY QUESTIONS?

DISCLAIMERThispresentationcontainscertainforward-lookingstatementswithrespecttothefinancialcondition,resultsofoperationsand businessofBasicFitN.V.anditssubsidiaries(referredtoas'thecompany')andcertainoftheplansandobjectivesofthecompanywithrespecttotheseitems.

Thewords"believes","expects","may","will","could","should","shall","risk","intends","estimates","aims","plans","predicts","continues","assumes","positioned"or"anticipates"andsimilarexpressions(ortheirnegative)identifycertainoftheseforward-lookingstatements.Theseforward-lookingstatementsarestatementsregardingthecompany'sintentions,beliefsorcurrentexpectationsconcerning,amongotherthings,thecompany's resultsofoperations,financialcondition,liquidity,prospects,growth,strategiesandtheindustryinwhichthecompanyoperates.Theforward-lookingstatementsinthispresentationarebasedonnumerousassumptionsregardingthecompany'spresentandfuturebusinessstrategiesandtheenvironmentinwhich thecompanywilloperateinthefuture.Forward-lookingstatementsinvolveinherentknownandunknownrisks,uncertaintiesandcontingenciesbecausetheyrelatetoeventsanddependoncircumstancesthatmayormaynotoccurinthefutureandmaycausetheactualresults,performanceorachievementsofthe companytobemateriallydifferentfromthoseexpressedorimpliedbysuchforwardlookingstatements.Manyoftheserisksanduncertaintiesrelateto factorsthatarebeyondthecompany'sabilitytocontrolorestimateprecisely,suchasfuturemarketconditions,currencyfluctuations,thebehaviour ofothermarketparticipants,theactionsofregulatorsandotherfactorssuchasthecompany'sabilitytocontinuetoobtainfinancingtomeetitsliquidityneeds,changesinthepolitical,socialandregulatoryframeworkinwhichthecompanyoperatesorineconomicortechnologicaltrendsorconditions.Pastperformance shouldnotbetakenasanindicationorguaranteeoffutureresults,andnorepresentationorwarranty,expressorimplied,ismaderegardingfutureperformance.

Thispresentationcontainsstatistics,dataandotherinformationrelatingtomarkets,marketsizes,marketshares,marketpositionsandotherindustrydatapertainingtothecompany'sbusinessandmarkets.Unlessotherwiseindicated,suchinformationisbasedonthecompany'sanalysisofmultiplesources,aswellasinformationobtainedfrom(i)experts,industryassociationsanddataproviders;and(ii)publiclyavailableinformationfromothersources,suchasinformationpubliclyreleasedbyourcompetitors.Totheextentavailable,anyindustry,marketandcompetitivepositiondatacontainedinthispresentationhascomefromofficialorthirdpartysources.Whilethecompanybelievesthateachofthesepublications,studiesandsurveyshasbeenpreparedbyareputablesource,thecompanyhasnotindependentlyverifiedthedatacontainedtherein.Inaddition,certainoftheindustry,marketandcompetitivepositiondatacontainedinthispresentationcomefromthecompany'sowninternalresearchandestimatesbasedontheknowledgeandexperienceofthecompany'smanagementinthemarketsinwhichthecompanyoperates.Whilethecompanybelievesthatsuchresearchandestimatesarereasonableandreliable,they,andtheirunderlyingmethodologyandassumptions,havenotbeenverifiedbyanyindependentsourceforaccuracyorcompletenessandaresubjectto changewithoutnotice.Accordingly,unduerelianceshouldnotbeplacedonanyoftheindustry,marketorcompetitivepositiondatacontainedinthispresentation.Allprojections,valuationsandstatisticalanalysesareprovidedtoassisttherecipientintheevaluationofthemattersdescribedherein.They maybebasedonsubjectiveassessmentsandassumptionsandmayuseoneamongalternativemethodologiesthatproducedifferentresultsandtotheextentthattheyarebasedonhistoricalinformation,theyshouldnotberelieduponasanaccuratepredictionoffutureperformance.

Theforward-lookingstatementscontainedreferonlytothedateinwhichtheyaremade,andthecompanydoesnotundertakeanyobligationtoupdateanyforward-lookingstatements.

Byattendingthemeetingwherethispresentationismadeorbyacceptingacopyofthispresentation,youagreetobeboundbytheforegoinglimitations.

22

23

Basic-FitNVWegalaan 602132JCHoofddorpTheNetherlands

investor.relations@basic-fit.com+31238901750corporate.basic-fit.com