FIRST THREE MONTHS HIGHLIGHTS

Number of memberships increased by 7.5% to 3.60 million from 3.35 million at the start of the year (up 37% compared to Q1 2022)
Number of clubs increased by 68 to 1,268 (up 181 vs. Q1 2022)
Revenue increased by 51% to €245 million (Q1 2022: €162 million)
Average revenue per member per month increased to €22.63 (Q1 2022: €21.51)
At quarter end, Premium memberships accounted for 38% of memberships (Q1 2022: 24%); Premium membership uptake continued to be above 50%

OUTLOOK

Basic-Fit reiterates outlook for 2023:
o Revenue of at least €1 billion
o Club network to increase by at least 200 clubs
o Continued gradual increase of the average revenue per member per month
o ROIC of mature clubs of well over 30%

RENE MOOS, CEO BASIC-FIT
“In the first three months of 2023 we continued to see a strong development of our membership base. Joiner rates are comparable to historic trends, whilst at the same time leaver numbers remained slightly below historic trends. The new membership structures, which we introduced in France at the end of 2022 and in the Benelux countries early February 2023, were well received by our new members. We continue to see a Premium membership uptake of over 50%, which is important for our aim to gradually increase our average revenue per membership to mitigate the impact from cost inflation.”