Fintech - Presentation by Dr. Ella Rabener, Co-Founder UK & Global CMO of Scalable Capital at the NOAH Conference London 2017, Old Billingsgate on the 3rd of November 2017.

1. Die Geldanlage an Kapitalmärkten ist mit Risiken verbunden.
Bitte lesen Sie unsere Risikohinweise auf www.scalable.capital/risiko/.
Building the Leading Digital
Wealth Manager in Europe
NOAH London – November 2017
With investment comes risk.
Please note our risk warning at www.scalable.capital/risk/.
Dr Ella Rabener
CMO & UK Co-Founder

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. £250bn has been saved in
cash ISAs over the past
decade, losing 9% of its
purchasing power until today.
Around half of
pre-retirement Brits
haven‘t started investing
for retirement yet.
Too Few of Us Invest
YouGov survey conducted in March 2017 Financial Times, 1 Feb 2017
62% of women and 48%
of men say they lack
sufficient financial knowledge
to invest in capital markets.
YouGov survey conducted in March 2017

4. Outsource the
management of your
investment portfolio.
Invest in the capital
markets and not just into
cash.
Make sure your portfolio
is managed in line with
your risk tolerance.
Digital Wealth Management Can Help

5. It’s a Huge Market Opportunity
$ 1,000 billion
Estimated Global Market Size of Online Wealth Management, 2021
Source: Oliver Wyman
Over $ 75 billion
Total AuM of US Online Wealth Managers, Feb. 2017
Source: Statista
Over €350 million
Current assets managed by Scalable
Capital
13x
250x

6. Our Company
_ Founded 2014, offices in
London & Munich
_ Funding of €41 million
_ 63 employees from finance,
technology and academia
_ Regulated by the FCA & BaFin
_ Renowned investors

7. Full Service
We manage our clients’
long-term investments
Diversification
We build globally
diversified ETF portfolios
Risk Management
We continually monitor
and adjust portfolios
Security
We ensure bank-level
data security
All Devices
Desktop, Tablet,
Mobile apps

8. Portfolio allocation for 20% VaR
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Equities Commodities Real Estate Corporate Bonds Government Bonds Cash
The information and images are purely for illustrative purposes and are not a reliable indicator of future portfolio
changes. The changes to an investor’s individual portfolio could differ from the illustration.
Dynamic Portfolio Allocation to Better Navigate
Periods of Market Turmoil
Bear Stearns Lehman

9. Better risk-adjusted
returns
Better understanding of risk
using a robust risk measure
50-80% lower costs due
to automation
Less stress, better
behaviour
The Outcome of Our Investment Technology

10. More than 10,000
clients in Germany,
Austria and the UK.
We manage over
€350m for our clients.
Fastest growing in
Europe.
Award-Winning Service.
Growth So Far

11. Strong Cohort Growth Due to Great
Retention Rates
61%
90%
123%
After 6 months After 9 months After 12 months
Cohort Growth Over Time
(AuM Growth vs. Initial Investment, Average Across All Cohorts Since January 2016)

12. Technology at the Core
_ Technology at the heart of the
investment model
_ Multi-currency, multi-language,
multi-device, multi-tax, multi-
regulatory environment, multi-
custodian, multi-payment
_ Ability to integrate with third
parties

13. Example
ING-DiBa
_ Chose Scalable Capital to offer digital wealth management to its over 8 million retail
customers (3rd largest retail bank in Germany).
_ Full integration with its core banking platform.
_ Integrated onboarding experience for existing ING-DiBa customers.

14. Technology is transitioning from a competitive
advantage to a competitive requirement. Those
that do not invest in technology will not be able
to meet their clients’ long-term needs.
Larry Fink, Founder & CEO of BlackRock
“
”

15. Die Geldanlage an Kapitalmärkten ist mit Risiken verbunden.
Bitte lesen Sie unsere Risikohinweise auf www.scalable.capital/risiko/.
Thank You
With investment comes risk.
Please note our risk warning at www.scalable.capital/risk/.
ella@scalable.capital

16. 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 2016October 2016
December 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