17LIVE
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Group Limited
Annualuvwxyz
General Meeting2021.09.10
brand & marketing
17LIVE Japan inc.

26 April, 2024

Disclaimer
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information and opinions contained in this presentation are provided as at the date of this presentation and are subject tochange without notice.

abcdefghijklmnopqrst
uvwxyzThis presentation contains projections and forward-looking statements that reflect the Company's current views with respect
to future events and financial performance. These views are based on estimates and current assumptions which are subject
to business, economic and competitive uncertainties and contingencies as well as various risks and these may change overtime and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue
reliance on these forward looking statements, which are based on the current view of the management of the Company on
future events. No assurance can be given that future events will occur, that projections will be achieved, or that theCompany's assumptions are correct.

2021.09.10
brand & marketing
17LIVE Japan inc.

abcdefghijklmnopqrst

Joji Koda
SVP - Head of Strategicuvwxyz
Initiatives

2021.09.10
brand & marketing
17LIVE Japan inc.

1Quality & diversity

2Proven3

Engaged eco-system

4Growing

Discover, nurture, and promote high quality streamers anddiversified streamer content

Leader in live streaming platform in Japan and Taiwan combined
With expansion plans in Southeast Asia and USA~93 minAvg. Daily View Duration Per DAU

Profitable

Immersive experience

Tech-enabled
V-Livers

5abcdefghijklmnopqrst
Online + offlineuvwxyz

GamesLive commerce

New businessinitiatives that contributes
to profitability growth

Adjusted EBITDA positivesince 20202021.09.10
brand & marketing
17LIVE Japan inc.

Key metrics in FY2023: Profitable and proven ability tomonetize the high-quality user base
Proven business model

Strong user engagement

US$278.9mn~93 min2023 Revenue

Avg. Daily View Duration Per DAU2

US$20.0mn
2023 Adjusted EBITDA11)
2)

Spenders

16.1%
of MAU2

Strong Growth Drivers

abcdefghijklmnopqrst+60%2023 V-Liver Revenue
uvwxyz7.1xJapan V-Liver MAS(Dec 2022 vs Dec 2023)

2021.09.10
brand & marketing
EBITDA is defined as operating income before depreciation and amortisation and Adjusted EBITDA as EBITDA net of share-based
payment. Japan inc.
17LIVE
Average for 1H FY2023

Growth drivers: Geographic expansion leveraging
leadership position in Taiwan and JapanUSA

abcdefghijklmnopqrst
uvwxyzHong Kong

ThailandPhilippines
Live streaming market size in Southeast Asia
(By total revenue, US$mn)

Malaysia+19.2%
2023-27F
CAGR

Singapore
Indonesia

Core markets

2,161

1,072

Other growth markets

2021.09.10
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17LIVE Japan inc.
2023F

2027F

Look ahead: With US$102.7 million war chest, 17LIVE iswell capitalized to execute various growth initiatives●

Cultivate Quality Talent: Acquire talent agencies to retain
high-potential streamers & V-Livers, fostering a robustecosystem●

Boost User Engagement: Localized content, diverse events,
seamless interaction for deeper connection●Expand Product Offerings: Grow proprietary V-Liver idolgroups and expand business model into PGC content, livecommerce, merchandise sales●

Invest in Technology: Continuously upgrade infrastructure,leverage AIGC/AR for personalization, develop innovative
streaming tools●Go Global: Leverage regional expertise, enter high-growthmarkets in Southeast Asia with strategic partnerships & M&A

abcdefghijklmnopqrst
uvwxyz2021.09.10
brand & marketing
17LIVE Japan inc.

7

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Kenta Masuda
Chief Financial Officer uvwxyz

2021.09.10
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17LIVE Japan inc.

FY2023 Group Financials - Key Takeaways(in US$’000)

FY2023
ActualShare-based
payment

De-SPAC

Revaluation

FY2023Adjusted

FY2022
ActualFY2022Adjusted

Variance%Variance

Operating revenue

278,927000278,927

363,718363,718(84,791)-23.3%

Operating income

13,7501,609

00

15,35910,124

10,964

4,395

40.1%

EBITDA

18,3691,609

00

19,97815,016(247,915)

1,609

11,609245,681

10,984(51,017)

Net income

15,8564,122
26.0%
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uvwxyz
5,683
5,301
93.3%

35.8% increase in operating income of US$13.7 million as compared to US$10.1 million in FY2022••

Attributable to effective cost discipline and economies of scale
Heightened focus on returns on investment

26% increase in adjusted EBITDA to US$20.0 million•

Impacted by increased operating income

Cash and Cash equivalents at US$102.7 million with no outstanding borrowings••

Healthy balance sheet
Improved liquidity to execute on growth drivers

2021.09.10
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17LIVE Japan inc.

Achieved higher adjusted operating income, EBITDA, and net income
with enhanced profitability
Adjusted operating income (*1)(in USD million, % of revenue)

Adjusted EBITDA (*2)(in USD million, % of revenue)+26%

Adjusted net income (*3)(in USD million, % of revenue)

abcdefghijklmnopqrst
uvwxyz+40%+93%

Margin%:

3.0%

5.5%

Margin%:

4.4%

7.2%

Margin%:1.6%

2021.09.10
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17LIVE Japan inc.

3.9%(*1) Adjusted operating income = Operating income + Share-based payment(*2) Adjusted EBITDA = Operating income + Depreciation & Amortisation + Share-based payment(*3) Adjusted net income = Profit/loss for the year + Share-based payment + De-SPAC related expense ± Revaluation gain/loss on financial liabilities

SGX listing significantly enhanced health of balance sheet. Improvedliquidity position allows critical navigation in rapidly evolving market
Cash and cash equivalents(in USD million)

Current assets(in USD million)

1.8x
2.6x

Current liability(in USD million)

abcdefghijklmnopqrst-75%
uvwxyz2021.09.10
brand & marketing
17LIVE Japan inc.

Improving margins across all segments, driven by new businesses such as
OrderPally, 17LIVE’s live commerce service*Others include live-commerce (OrderPally, HandsUp), Wave.

Thank you

abcdefghijklmnopqrst
uvwxyz2021.09.10
DBS Bank Ltd. acted as the sole issue
manager
for the business combination of Vertex
brand& marketingTechnology Acquisition Corporation Ltd with 17LIVE Inc.
17LIVE Japan inc.