#1azerion Strong growth and delivery while going public Q1 2022 31 May 2022#2Disclaimer The following disclaimer applies to this document, the oral or video presentation of the information in this document by Azerion Holding B.V. ("Azerion Holding"), Azerion Group N.V. ("Azerion Group") or any person on behalf of Azerion Holding or Azerion Group and any question-and-answer session that follows the oral or video presentation (collectively, the "Information"). Azerion Holding has bonds listed on Nasdaq Stockholm and Azerion Group has shares and warrants listed on Euronext Amsterdam N.V. The Information has been prepared by Azerion Holding for background purposes only. No reliance may be placed for any purpose on the Information or its accuracy, fairness or completeness. 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The Information is only preliminary and indicative, does not purport to be full or complete and does not purport to contain the information that would be required to evaluate Azerion Holding or Azerion Group, their financial position and/or any investment decision. 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Certain financial data included in the presentation consists of alternative performance measures ("non-IFRS financial measures"), including EBITDA and Adjusted EBITDA. The alternative performance measures, along with comparable IFRS measures, are used by Azerion's management to evaluate the business performance and are believed by Azerion's management to be useful to investors. They may not be comparable to similarly-titled measures as presented by other companies, nor should they be considered as an alternative to the historical financial results or other indicators of Azerion Holding's cash flow based on IFRS. Even though the alternative performance measures are used by management to assess Azerion Holdings financial position, financial results or liquidity under IFRS, and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipients should not consider them in isolation or as a substitute for analysis of Azerion Holding's financial position or results of operations as reported under IFRS. Adjusted EBITDA as defined in section 1.1 of the Terms & Conditions of the Senior Secured Callable Fixed Rate Bonds ISIN: SE0015837794. For all definitions and reconciliations of alternative performance measures please also refer to www.azerion.com/investors. This presentation may contain forward-looking alternative performance measures. We are unable to provide a reconciliation of these forward- looking alternative performance measures to the most comparable IFRS financial measure because certain information is dependent on future events some of which are outside the control of the company. azerion Next level digital entertainment media 2#3Forward-looking statement The Information may include statements, including Azerion Holding's or Azerion Group's financial and operational objectives that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "forecasts", "anticipates", "expects", "intends", "aims", "targets", "seeks", "continues", "could", "can have", "likely", "would", "may", "might", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Past performance of Azerion Holding and Azerion Group cannot be relied on as a guide to future performance. Any forward-looking statements reflect Azerion Holding's and/or Azerion Group's current view and expectations with respect to future events and are subject to risks, uncertainties and assumptions relating to Azerion Holding's and/or Azerion Group's business, results of operations, financial position, liquidity, prospects, growth or strategies, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in Azerion Holding's and Azerion Group's records (and those of its their affiliates) nd other data available from third parties. Although each of Azerion Holding and Azerion Group believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. azerion Next level digital entertainment media 3#4Delivering on our strategy We entertain audiences, and we help brands improve the way they engage with those audiences in the digital space € ..... Revenue Content Audience Views azerion Next. Level. Digital. Entertainment. Media Consumers Game Creators O Customer revenue streams Content Data azerion Technology Partners (O) Advertisers Digital Publishers 4#5Portfolio expansion and innovation • Ubisoft partnership: 10 additional exclusive titles ● • Habbo metaverse: playable unique Avatars; kicked-off the development of Habbo X, integrating with Web 3.0 • Acquisition of Infinia, bolstering our media platform capabilities, sales force and volumes in Spain and Latin America HABBO YOUR FAVOURITE HOTEL COMING SOON in WEB3 R H H 8 HO # H 5#6Strong financial performance supported by solid organic growth and successful integration of acquisitions EUR 94m Revenue Q1 2022 EUR 6m Adj. EBITDA Q1 2022 azerion Next. Level Digital Entertainment. Media +107% vs Q1 2021 +118% vs Q1 2021 $ Strong performance from all businesses Continued integration of acquisitions Guidance of at least EUR 450 million revenue for 2022 • Strong contributions from high-margin businesses 6#7Group financial performance Revenue €m 45.5 Q1 2021 Adjusted EBITDA €m 2.7 Q1 2021 Adjusted EBITDA Margin 5.9% azerion Next. Level. Digital. Entertainment. Media 94.4 Q1 2022 5.9 Q1 2022 6.2% Revenue more than doubled YoY Mainly boosted by strong growth in the Platform segment Increase of 118% YoY • Primarily driven by the Premium Games segment 7#8Platform financial performance Revenue €m 34.2 Q1 2021 Adjusted EBITDA €m 1.2 Q1 2021 Adjusted EBITDA Margin 3.5% 72.5 Q1 2022 2.0 Q1 2022 2.7% • ~745 new casual game titles ~4.4 billion digital ads sold per month EUR 6.10 average gross revenue per million ad requests Increased focus on owned and operated solutions • 2021 acquisitions 8#9Premium Games financial performance Revenue €m 11.3 Q1 2021 Adjusted EBITDA €m 1.5 Q1 2021 Adjusted EBITDA Margin 13.6% azerion Next level digital entertainment media 21.8 Q1 2022 3.9 Q1 2022 17.7% 82 min average user time in game per day 604k daily active users with average revenue per user of EUR 0.38 ● Expansion of Web 3.0 with the integration of Habbo Avatars NFT collection 9#10azerion Next. Level. Digital. Entertainment. Media Q&A HABBO HERE HABBO HOTEL 10#11azerion Next. Level. Digital. Entertainment. Media a azerion Thank you 11#12Background: Azerion Holding B.V. and Azerion Group N.V. AZERION GROUP N.V. (Listed on Euronext Amsterdam - business combination completed 1 Feb 2022) LIMFAUN AZERION HOLDING B.V. (reporting today, for periods before business combination completed) Connect 040 azerion Next. Level. Digital. Entertainment. Media ish Azerion Holding B.V. is the main holding subsidiary of Azerion Group N.V. ("Azerion Group"), a public company listed on Euronext Amsterdam (symbol: AZRN). The Azerion Holding B.V. Interim Unaudited Financial Results Q1 2022 are released as required by the terms and conditions of the listed Senior Secured Callable Fixed Rate Bonds (ISIN: SE0015837794). The first consolidated financial results for the post business combination Azerion Group will be the half year 2022 interim financial results, further details for which will follow closer to the time. 12