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NOAH CONFERENCE LONDON 2017
Three Conferences, One Mission: Empower the European Digital Ecosystem
To provide a physical marketplace
that facilitates funding of
digital European companies
at all stages
Mission Mission Mission
Connecting
Capital with
Entrepreneurs
Connecting European
Champions
and Challengers
Connecting Israel’s Startups
with Large Corporates
and Investors
30-31 October 2018
Old Billingsgate, London
6-7 June 2018
Tempodrom, Berlin
13-14 March 2018
Haoman 17, Tel Aviv
To promote Israel - European
relationships and enable funding
To bring together future-shaping
executives and investors active
across segments driven
by digital revolution
CHRONEXT IS THE PREMIER LUXURY WATCH DESTINATION
THE MOST ADVANCED WAY TO BUY, SELL AND SERVICE LUXURY WATCHES
80% of business is helping retailers or watch brands sell directly to consumers
B2B & B2C
Funds wired
1
Place watch online
2
5
4 5
2
3
Goods Information Money
HUB
Buys …
… and pays
Watch picked up
Watch
checked by
watchmaker
Watch shipped
after verification
BuyerMerchants
Retailer
Brand
3

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Entertainment is the first thing your customers need on vacation! Enrich their experience by offering tours and activities together with Musement. Learn everything you need to know about the third-largest travel segment after Hotels and Airlines. https://tp.click/26

affiliate marketingaffiliate programsaviasales
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Keynote by Chris Morton, Founder & CEO of Lyst at the NOAH 2015 Conference in London, Old Billingsgate on the 12th of November 2015.

noah conferencenoah15 londonchris morton
20% of the business are consumers who sell or consign through CHRONEXT
C2C or C2B
Buyer
1 5
63
4
HUB
Buys and pays
Suggested selling
price
Sell request
Product placed
on site
Watch shipped
Watch picked up, verified by
master watchmaker and
stored
Goods Information Money
Seller 2
4
WHAT MAKES US UNIQUE?
5
CHRONEXT CHECKS AND GUARANTEES AUTHENTICITY
OF ALL WATCHES - REGARDLESS WHO THEY ARE SOLD
TO OR FROM
6
26,000 DIRECTLY AVAILABLE WATCHES
7

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Online Fashion - Company Presentation by Julia Boesch, Founder & MD of OUTFITTERY at the Axel Springer NOAH Conference 2018 in Berlin, Tempodrom 6-7 June 2018.

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OWNERSHIP OF THE FULL CONSUMER EXPERIENCE
(30,000+ TRANSACTIONS DONE)
8
We know our customers – the data driven marketing approach
Marketing channel mix based on strong BI analysis and attributed journey
9
Example: Buyer Personas UK 30-39 years
Target group share: 17%
Motivation: 36% Achievement
19% Status
Investment: 36% € 5,000 – 10,000
27% € 3,000 – 5,000
20% € 1,000 – 3,000
Owned luxury watches: 49% own 1 luxury watch
11% own more than 3 luxury watches
26% do not own a luxury watch
Profession: CEO, Founder, Lawyer, Director,
Business Development Manager
€240 BILLION IN RELEVANT MARKET CAP
10
€240 billion in relevant market cap with 17 billion in EBIDTA
11
COMPANY Market Cap EBITDA 17E Net income
€44.8bn €2.5bn €1.4bn
€127.8bn €10.2bn €4.9bn
€17.9bn €1.2bn €731.2m
€49.9bn €3.3bn €1.9bn

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Ukrainian Venture Capital and Private Equity Association (UVCA) and Kreston U...
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The Ukrainian Venture Capital and Private Equity Association (UVCA) and the audit and consulting company Kreston Ukraine present the “Ukraine venture capital and private equity markets 2020” annual review, which also includes data for 8 months of 2021. According to the results of 2020, Ukrainian technology companies and their investors closed 188 deals with investors worth USD 533.5 million. About 50% of the deals are small grants (25 and 50 thousand USD) from the Ukrainian Startup Fund. For 2020—2021, it has invested USD 5.3 million in Ukrainian projects. Just three years ago, Ukraine did not have a single unicorn among its startups. Nowadays, as many as five of them — Gitlab, Grammarly, Bitfury, People.ai, and Ring — raised USD 1.3 bln funding and dominate the global market. In this review, we analysed the key market trends, such as “investment focus on software projects”, “increase of foreign investors in the Ukrainian market”, “growing quality of Ukrainian startups and their interest in smart money” for the first time. The key drivers and barriers to market development were identified — the respondents noted that despite the imperfect regulatory framework, the country still has enough private capital to promote the sector. Generally, all market players are unanimous in their outlooks and are quite optimistic about further market development. According to 81% venture and 67% private equity investors surveyed, all quantitative indicators are likely to grow, and high-tech industries traditionally represent the most promising ones. Ukrainian investors primarily point to the experience and qualification of the team (according to 94% venture and 17% private equity investors surveyed) and the market potential of the business idea (according to 82% venture and 83% private equity investors surveyed), among the key factors for investment decisions. On the other hand, when choosing an investor, startups consider their industry expertise, investment terms, and ‘smart money’ they can get. The study results show that Ukrainian companies offer attractive, relevant, and globally competitive solutions and demonstrate sustainability and adaptability in COVID-19. Ukraine is gradually transforming from a talent and idea exporter into a big international venture capital market player.

uvcakrestonkreston gcg
YET ONLY 2-6% ONLINE
12
CLEARLY A HUGE OPPORTUNITY
13
Why CHRONEXT is the only truly brand friendly in the industry?
15+ Watchmakers in-house to ensure all repairs, authentication
and expertise is readily available
14
Why CHRONEXT is the only truly brand friendly in the industry?
Taking care of pre-sale service, logistics, payment, authentication and preventing
bad retailers and consumers committing fraud
15

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GetYourGuide was founded in 2008 by 4 university students in Zurich and has grown rapidly to become one of Europe's most prominent growth companies. It operates an online platform for travel activities and experiences in over 150 countries. Since its inception, GetYourGuide has raised over $654 million in funding, including a $484 million Series E round in 2019 that valued the company at over $1 billion. GetYourGuide offers a wide range of tourism products and experiences on its platform and has established partnerships with various travel industry players to further scale its business.

Personio - NOAH19 London
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Mobility & Travel of the Future: Company presentation by Nico Polleti, Cluno at the NOAH Conference Berlin 2019, 13-14 June - STATION.

Why CHRONEXT is the only truly brand friendly in the industry?
CHRONEXT is the go-to platform for buying & selling luxury watches
Brands need to let their retailer network and e-commerce interact
with one platform for maximum synergies
Customers want real content and heritage, away from the “cosmetic”
marketing stories of the past
Mobile and a clear e-commerce approach is essential in a tailored
environment – fashion platforms are unlikely to digitalise hard luxury
16
223% AVERAGE REVENUE GROWTH LAST 3 YEARS
17
20%+ ANNUALIZED REBUYER RATE
18
€ 7,284 AVERAGE SHIPPED RETAIL EQUIVALENT
ORDER VALUE IN 130 MARKETS
19

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Global funding to startups reached $108.5B in Q2'22, down 23% QoQ, the largest quarterly percentage drop in nearly a decade. While funding decreased across all major regions, Europe only saw a 13% dip. There were 85 new unicorns in Q2'22, down 43% YoY. Mega-round funding fell 31% QoQ and exit activity decreased 16% QoQ. Retail tech funding dropped 43% and median angel deal size grew 33% compared to 2021.

What is the road ahead in the next 5 years?
Further strengthen position with the big watch groups as their
go-to-partner to manage inventory globally
Broaden customer experience through unique content
Focus on further internationalisation to create the global #1
CHRONEXT is the go-to platform for buying & selling luxury watches
20
The only transactional marketplace with an offline strategy
New CHRONEXT boutique at 53 Fleet Street, London
21
Just a stone’s throw away
22
New CHRONEXT boutique at 53 Fleet Street, London
CXTNOAH
€150 OFF
Note: (1) Valid for oders with in minimum value of € 1,500 and until 24.12.017
23
(1)

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Chronext - NOAH17 London
Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors
as well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A
experience
Routine execution of M&A and financing
transactions with sizes of several billion euros
30 successfully completed NOAH Advisors
transactions underline successful transfer of
M&A competencies to the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures
align interests of clients and NOAH Advisors, and
demonstrate conviction to deliver top results
Creative deal solutions
December 2014
September 2014
October 2014
May 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to
Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2
and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE
September 2016
December 2016
October 2016
Financial Advisor to Oakley Capital
®
Marco Rodzynek
Managing Director & Founder
marco.rodzynek@noah-advisors.com
Jan Brandes
Managing Director
jan.brandes@noah-advisors.com
Justus Lumpe
Managing Director
justus.lumpe@noah-advisors.com
The NOAH Advisors Core Banking Team
Nikhil Parmar
Director
nikhil.parmar@noah-advisors.com
Acquisition of a Majority Stake in
by
from
at a valuation of €300m
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
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Chronext - NOAH17 London

  • 2. Three Conferences, One Mission: Empower the European Digital Ecosystem To provide a physical marketplace that facilitates funding of digital European companies at all stages Mission Mission Mission Connecting Capital with Entrepreneurs Connecting European Champions and Challengers Connecting Israel’s Startups with Large Corporates and Investors 30-31 October 2018 Old Billingsgate, London 6-7 June 2018 Tempodrom, Berlin 13-14 March 2018 Haoman 17, Tel Aviv To promote Israel - European relationships and enable funding To bring together future-shaping executives and investors active across segments driven by digital revolution
  • 3. CHRONEXT IS THE PREMIER LUXURY WATCH DESTINATION THE MOST ADVANCED WAY TO BUY, SELL AND SERVICE LUXURY WATCHES
  • 4. 80% of business is helping retailers or watch brands sell directly to consumers B2B & B2C Funds wired 1 Place watch online 2 5 4 5 2 3 Goods Information Money HUB Buys … … and pays Watch picked up Watch checked by watchmaker Watch shipped after verification BuyerMerchants Retailer Brand 3
  • 5. 20% of the business are consumers who sell or consign through CHRONEXT C2C or C2B Buyer 1 5 63 4 HUB Buys and pays Suggested selling price Sell request Product placed on site Watch shipped Watch picked up, verified by master watchmaker and stored Goods Information Money Seller 2 4
  • 6. WHAT MAKES US UNIQUE? 5
  • 7. CHRONEXT CHECKS AND GUARANTEES AUTHENTICITY OF ALL WATCHES - REGARDLESS WHO THEY ARE SOLD TO OR FROM 6
  • 9. OWNERSHIP OF THE FULL CONSUMER EXPERIENCE (30,000+ TRANSACTIONS DONE) 8
  • 10. We know our customers – the data driven marketing approach Marketing channel mix based on strong BI analysis and attributed journey 9 Example: Buyer Personas UK 30-39 years Target group share: 17% Motivation: 36% Achievement 19% Status Investment: 36% € 5,000 – 10,000 27% € 3,000 – 5,000 20% € 1,000 – 3,000 Owned luxury watches: 49% own 1 luxury watch 11% own more than 3 luxury watches 26% do not own a luxury watch Profession: CEO, Founder, Lawyer, Director, Business Development Manager
  • 11. €240 BILLION IN RELEVANT MARKET CAP 10
  • 12. €240 billion in relevant market cap with 17 billion in EBIDTA 11 COMPANY Market Cap EBITDA 17E Net income €44.8bn €2.5bn €1.4bn €127.8bn €10.2bn €4.9bn €17.9bn €1.2bn €731.2m €49.9bn €3.3bn €1.9bn
  • 13. YET ONLY 2-6% ONLINE 12
  • 14. CLEARLY A HUGE OPPORTUNITY 13
  • 15. Why CHRONEXT is the only truly brand friendly in the industry? 15+ Watchmakers in-house to ensure all repairs, authentication and expertise is readily available 14
  • 16. Why CHRONEXT is the only truly brand friendly in the industry? Taking care of pre-sale service, logistics, payment, authentication and preventing bad retailers and consumers committing fraud 15
  • 17. Why CHRONEXT is the only truly brand friendly in the industry? CHRONEXT is the go-to platform for buying & selling luxury watches Brands need to let their retailer network and e-commerce interact with one platform for maximum synergies Customers want real content and heritage, away from the “cosmetic” marketing stories of the past Mobile and a clear e-commerce approach is essential in a tailored environment – fashion platforms are unlikely to digitalise hard luxury 16
  • 18. 223% AVERAGE REVENUE GROWTH LAST 3 YEARS 17
  • 20. € 7,284 AVERAGE SHIPPED RETAIL EQUIVALENT ORDER VALUE IN 130 MARKETS 19
  • 21. What is the road ahead in the next 5 years? Further strengthen position with the big watch groups as their go-to-partner to manage inventory globally Broaden customer experience through unique content Focus on further internationalisation to create the global #1 CHRONEXT is the go-to platform for buying & selling luxury watches 20
  • 22. The only transactional marketplace with an offline strategy New CHRONEXT boutique at 53 Fleet Street, London 21
  • 23. Just a stone’s throw away 22 New CHRONEXT boutique at 53 Fleet Street, London
  • 24. CXTNOAH €150 OFF Note: (1) Valid for oders with in minimum value of € 1,500 and until 24.12.017 23 (1)
  • 26. Selected Completed NOAH Transactions Focus on Leading European Internet companies Covering over 400 companies across 25 online verticals, a broad range of over 500 investors as well as 100+ online-focused corporates Deep understanding of industry dynamics Ability to add value beyond banking advice Facilitates overall process and minimizes management distraction NOAH Advisors is globally well connected and has direct access to virtually all key players in the industry Knowledge of and strong relationships with potential buyers’ key decision makers Proactively finds and unlocks attractive investment opportunities for leading investors Annual NOAH Conference in its 8th year Over 40 years of combined relevant M&A experience Routine execution of M&A and financing transactions with sizes of several billion euros 30 successfully completed NOAH Advisors transactions underline successful transfer of M&A competencies to the Internet sector Entrepreneurial mind-set, focused on growing the business and establishing a reputation for excellence Ability to deliver top results in short time frames Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results Creative deal solutions December 2014 September 2014 October 2014 May 2014 Sale of 100% of for $800m to Exclusive Financial Advisor to Fotolia and the Selling Shareholders Sale of 100% of for €80m to Exclusive Financial Advisor to Trovit and its Shareholders Sale of controlling stake in to Exclusive Financial Advisor to Facile.it and its Shareholders sold 100% of for $228m to a joint venture between Exclusive Financial Advisor to Yad2 and its Shareholders Unique Industry Know-How Unmatched Network and Relationships Strong Investment Banking Competence Full Commitment - We Are Entrepreneurs! EUROPE’S LEADING INTERNET CORPORATE FINANCE BOUTIQUE September 2016 December 2016 October 2016 Financial Advisor to Oakley Capital ® Marco Rodzynek Managing Director & Founder marco.rodzynek@noah-advisors.com Jan Brandes Managing Director jan.brandes@noah-advisors.com Justus Lumpe Managing Director justus.lumpe@noah-advisors.com The NOAH Advisors Core Banking Team Nikhil Parmar Director nikhil.parmar@noah-advisors.com Acquisition of a Majority Stake in by from at a valuation of €300m Investment in Exclusive Financial Advisor to KäuferPortal and its Shareholders by 84% Ownership Financial Advisor to Silver Lake Investment in by August 2017 Financial Advisor to EMK Capital Acquisition of a Majority Stake in by at a valuation of $200m