Bailador Technology Investments (BTI) Investor Presentation summary

Investment strategy and portfolio overview

• Focuses on high-growth, expansion-stage technology companies, offering access at attractive valuations.

• Operates as an expansion capital fund, typically holding 8-12 private companies, with a strong track record of cash realisations and capital gains.

• Portfolio as of August 2025 valued at $293m, with $193m in private companies, $98m in public holdings, and $2m in cash.

Financial performance and returns

• Deployed $41m in FY25, achieving a 33% IRR for the private portfolio and $38m total gain on investments.

• Realised $20m in FY25, with returns delivered through capital gains and fully franked dividends.

• Dividend policy targets 4% of pre-tax NTA per annum, with an 8.1% grossed-up yield and 6.1% cash yield.

Portfolio company highlights and growth

• Significant investments in PropHero ($12.5m, Feb 2025) and Hapana ($7.7m, Aug 2024), with notable valuation uplifts.

• Follow-on investments in DASH ($15m), Rosterfy ($3m), and Access Telehealth ($2.6m) drove valuation increases of 49%, 14%, and 21% respectively in FY25.

• Private portfolio companies achieved 47% revenue growth, 65% gross margin, and 87% recurring revenue in FY25.