Contents Title Page Title Page Cover 1 NOAH Top List: European FinTech 32-33 NOAH Hall of Fame 2 Selected Transaction Comps 34-41 Agenda 3 Strategic Buyers by Segment 34-39 The NOAH Conferences 4-8 Financial Buyers by Segment 40-41 NOAH Connect: Coming Soon! 9 Pipedrive 42 Porsche at NOAH Berlin 2019 10 NOAHDisruptor List 43-50 European Online Valuations 11 NOAH Top List: European SaaS 51-52 Universe of Public Internet Companies 12 The NOAH Conferences 53 Sector Valuations 13 The NOAH Ecosystem 54 Sector KPIs 14 Real Winners on Stage 55-56 Historical Valuation by Region 15 CHRONEXT 57 Growth Driven Valuation 16 NOAH Berlin 2019 Review 58-63 Significant European Movers 17 NOAH Berlin 2019 Overview 58 Deutsche Börse Venture Network 18 NOAH Berlin 2019 Highlights 59 Trading Comparables 19-29 Event Impressions 60-62 Advertising, Classifieds 19 Sponsors & Partners 63 Classifieds (Cont’d), Content, Digi. 20 Entertainment, E-commerce NOAH London 2018 Review 64-68 E-commerce (Cont’d) 21 NOAH London 2018 Overview 64 E-commerce (Cont’d). Education, 22 Fitness/Wearables, Gambling NOAH London 2018 Highlights 65 Gaming 23 Event Impressions 66-67 Hardware & Semiconductors 24 Sponsors & Partners 68 Hardware & Semiconductors (Cont’d), 25 Healthcare & Science, IoT, Brokerage Travel, Payments, Search 26 Target Global 69 Social, Software 27 NOAH Advisors 70 Software (Cont’d) 28 Software (Cont’d) 29 NOAH Advisors Overview 71-72 NOAH Internet Trading Comps 30 Selected NOAH Advisors Deals 73 OurCrowd 31 NOAH Resources 74 3