1H2024
Financial Results &Strategy Updates

17LIVE Group Limited
13 August 2024

Disclaimer

The information contained in this presentation has not been independently verified. The Company assumes no responsibility or liability
whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors or omissions in, any information or opinions
contained herein nor for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation orits contents or otherwise arising in connection with this presentation. It is not the intention to provide, and you may not rely on thispresentation as providing a fair, accurate, complete or comprehensive analysis of all material information concerning the Company, or theCompany's financial or trading position or prospects. The information and opinions contained in this presentation are provided as at the dateof this presentation and are subject to change without notice.
This presentation contains projections and forward-looking statements that reflect the Company's current views with respect to future eventsand financial performance. These views are based on estimates and current assumptions which are subject to business, economic andcompetitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside thecontrol 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, thatprojections will be achieved, or that the Company's assumptions are correct.

1H2024 Highlights

1TURNING
NET PROFITABLE

Achieved strong profitability with US$1.9
million net profit in 1H20244OPERATIONAL
OPTIMISATIONS
Focused on operational efficiencies andrevenue growth with various operationaland commercial initiatives

2UPWARD GROWTH
MOMENTUM

3Strong balance sheet with US$85.6 million
in cash and cash equivalents for futureacquisitive growth

2Q2024 records US$3.5 million inoperating income reflecting positive upward
growth momentum trend in profitability
Q-o-Q

5

17LIVE FORWARD
STRATEGY
Unveiled "17LIVE Forward Strategy"
comprising strategic pillars in platform
strengthening, revenue diversification andstrategic and business partnerships

STRONG BALANCE SHEETWITH ZERO DEBT6POSITIVE OUTLOOK &COMMITTED TO DRIVESHAREHOLDER VALUE
Backed by favourable macro trends;
developing strategic initiatives to drive
shareholder value

Next Phase of Leadership
Mr Jiang Honghui appointed and promoted as Executive
Director and CEO of 17LIVE-Over 12 years of experience in venture capital investment, with morethan seven years at the Vertex Group-

Previously CEO and Executive Director of Vertex Technology
Acquisition Corporation Ltd, the first SPAC listed on SGX &successfully led the business combination with 17LIVE Inc inDecember 2023

-Seconded to the Group from April 2024 to work closely with Mr Phuaand the team to drive business improvement and various strategic
initiatives-Upon his appointment, Mr Jiang will end his role as Managing Director,Investment at Vertex Holdings, and appointed as Venture Partner atVertex Growth Management in the capacity of a non-executive advisor

Mr Joseph Phua redesignated as Non-Executive
Non-Independent Chairman-Continue to guide the Group on the overall strategic direction in his roleas Chairman and work closely with Mr Jiang on providing advisory forthe Group’s daily operations

Mr Joseph Phua, Founder of 17LIVE and Non Executive Non Independent
Chairman with Mr Jiang Honghui, CEO and Executive Director

1H2024 FINANCIAL & BUSINESS HIGHLIGHTSFinancial Highlights
1H2024
Operating Revenue & Gross Profit(in USD million)
101.1

Y-o-Y
1H2024 Net income(in USD million)
1.9
1H2023Q-o-Q
2Q2024 Operating Income(in USD million)
3.5
1Q2024

1H2024

2Q2024-2.1

41.7

Revenue

Gross Profit-118.2

Gross Profit Margin: 41.2%•Maintained a robust gross profit margin of 41.2% on the back of US$101.1million operating revenue recorded•

Operating expenses decrease by 19.3% due to operational efficiencies optimisation in the areas of server usage, content
marketing and payment channels•

Continues to have zero debt and with strong cash position of US$85.6 million as at 30 June 2024 compared to
US$102.7million as at 31 December 2023, which is mainly attributable to the fees incurred by the Group arising fromone-off expenses related to the Group’s De-SPAC in FY2023 and tax expenses.

Business Highlights
External Partnerships

Internal Optimisations• Focused on operational efficiencies andrevenue growth with various operational andcommercial initiatives:• Technology stack optimisation• Business units reorganisation to develop corebusiness pillars in high-potential
high-performing markets such as Japan,Taiwan, and Hong Kong
• Strengthening middle and top level
management within the organisation•

Signed two strategic MOUs with
regional key players:• Singapore's leading media entertainment andcontent company mm2 Asia to enhanceentertainment offerings and production
capabilities• Taiwan-based venture capital firm, AppWorks
Ventures to facilitate increased investment
opportunities in Southeast Asia respectively.

17LIVE FORWARD STRATEGYFORWARD STRATEGYSTRATEGIC PILLARS
Strengthening Established Platformusing technology
Strong community for live- streamers with a tested
monetisation model

Revenue Diversification
by developing various revenuestreams

Strategic and Business Partnerships
to build a sustainable livestreaming
ecosystem

Incubating synergetic new businesses from ourcore livestreaming platforms, with potential to takeoff by their own

Anchored using 17LIVE streaming platform, we areable to form strategic partnership to venture
into other realms of live entertainment in Asia

BOLSTERING 17LIVE UNIQUE PROPOSITION
Provide diverse unique, high-quality content which makes 17LIVE more attractive to both viewers and potential talents

GROWTH DRIVERS
Continuous efforts to drive live-streamers acquisition and retention on 17LIVE platform& cost management to drive profitability
Developing holistic V-Livers business model leveraging on 17LIVE platform and potential partnerships/ M&A
Establishing more strategic and business partnerships in the region

Underpinned by favourable technological and media consumption trends

Platform + IP Two-pronged V-Liver Business Strategy

Strengthening and leveraging on
established platform to to drive useracquisition and retention• Diversifying content types on platform• Enhancing technology to lower barriers ofentry for new users• Improve awareness for non-users orpotential users via marketing & partnerships

Unique,high-quality
contentmakes
17LIVE more
attractive toboth viewers
and potential
talentGrowing an expansive IP Portfolio so as todiversify monetization streams beyond live
streaming• Creating a sustainable talent source andscouting system to unlock IP reproduction
ability• Ability to develop an IP ecosystem to include
other monetization streams such as talentmanagement, merchandising fees etc

The Potential of Virtual Streaming and IP to 17LIVE
2027 Asia Media and Entertainment TAM Forecast
Asia Media and Entertainment Market 1
KOLs and Character IPs
Asia Live & Social Entertainment Market 1

460B USD

13B USD
Japan Virtual Liver Market 2

4B USD
Japan Real Human Live Stream 1

5B USDBusinessDevelopment

Human Live Streaming

Virtual Live Streaming

Notes: exchange rate=150
Source:1: 2023 Frost & Sullivan Report. Media and Entertainment Industry Report. 2027F Market Size Froecast
2: Association of Japanese Animations, estimated animation-related market size in 2022

International expansion;
Virtual+Real hybridcontent

Licensing, Live show,Merchandise, etc

OUTLOOK

Moving Forward
LONG TERM
VALUE

BUSINESSGROWTH
DRIVERS

Exploring strategic initiatives to drive shareholder value through innovative and forward-thinking
capital market initiatives• Continuous efforts to drive user acquisition and retention on 17LIVE platform & cost management to drive
profitability• Growing V-Liver business to establish it as a strong growth driver for 17LIVE given the market and businesspotential• Establishing more strategic and business partnerships in the region

GUIDED BY
17LIVEFORWARDSTRATEGY’SPILLARS

BACKED BYFAVOURABLE
MACROTRENDS• Solidify leadership position in the livestreaming industry with strategic framework unique to 17LIVE supportedby three pivotal pillars:
1.
2.
3.

Enhancing its established platform through advanced technology and a robust community of streamers
Diversifying its revenue streams by developing new products and businesses stemming from its platform
Forging strategic and business partnerships to build a sustainable live streaming ecosystem across Asia

• Global live streaming market reached an estimated US$ 87.55 billion in 2023. Analysts project substantial growthpotential with an expected CAGR of 23.0% from 2024 to 2030, fueled by technological advancements andinnovations• Augmented Reality (AR) and Virtual Reality (VR) technologies are expected to further propel the live streaming
market by creating immersive experiences.

QUESTIONS & ANSWERS

THANK YOU
For investor queries, please email Investor@17.live

DBS Bank Ltd. acted as the sole issue manager for the business combination ofVertex Technology Acquisition Corporation Ltd with 17LIVE Inc.