Berlin, 24 May 2023

Letter to the Shareholders

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YOC at a Glance

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Business Model and Technology

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Group Interim Management Report

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Interim Consolidated Financial Statements

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Statement of Responsibility by the

Executive Board

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Imprint

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Dear Shareholders,

in the current financial year 2023, we worked hard to establish our VIS.X® trading platform as the leading technology platform for highly effective digital advertising - guided by our vision of "A better advertising experience for everyone".

The differentiating feature of our VIS.X® platform results from the trading of non-standardized, high- impact advertising formats.

The platform thus solves a significant market problem by making high-impact advertising formats tradable not only via direct bookings but also programmatically (automated) in real-time and bundling the advertising inventory with YOC's own products within the framework of private marketplaces.

This distinguishes us significantly from other platforms and competitors.

At the same time, the digital advertising market grew to become the world's most important channel for advertising in recent years - and experienced a major transformation: Automated trading of digital advertising space is widely used, so that the majority of digital advertising budgets are now traded in real time - programmatically.

This is particularly true in the area of mobile advertising spend for display advertising - in this segment, around 70 % of all advertising spend is already traded automatically.

Against this backdrop, our powerful supply-side platform (SSP) VIS.X® is becoming an increasingly attractive marketplace for website operators as well as advertisers, and one that equally caters to the needs of Internet users:

  • By purchasing through VIS.X® and YOC's attention-grabbing advertising formats, our advertising clients are allowed to increase awareness of their brand or products in conjunction with high-quality advertising space;
  • Internet users receive relevant, interesting advertising messages without being disturbed in their reading or usage flow;
  • Our partners on the supply-side, renowned providers of premium media content (premium publishers), offer a global media reach in the form of Internet portals as well as mobile applications and benefit from the high monetization through VIS.X®.

In the current fiscal year 2023, we will continue to implementation of our defined growth strategy. In March 2023, we continued our expansion and acquired Helsinki-based Nostemedia Oy in order to gain a foothold in the Northern European region and to further internationalize our activities.

We see synergies in the provision of VIS.X® in the Finnish market, which on the one hand will directly differentiate the Company's product offering from the competition, but on the other hand will further increase the trading volume on our platform. Beyond this transaction, we are evaluating further markets for the internationalization of our activities.

In the first three months of the current fiscal year 2023, we increased our consolidated Group revenues by around 18 % to EUR 5.2 million (3M/2022: EUR 4.4 million).

The takeover of Nostemedia Oy and a noticeable increase in personnel in further platform development, sales, and in the context of internationalization cause an increase in the number of employees and thus in the Company's personnel expenses in the first quarter of 2023.

Consequently, the operating result before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 0.3 million in the reporting period (Q1/2022: EUR 0.6 million). Consolidated net profit for the period amounted to EUR 0.0 million (Q1/2022: EUR 0.3 million).

The VIS.X® platform and YOC's own advertising formats form the basis for differentiating YOC's offering in the international market for digital advertising technology. Accordingly, we consistently invest in the further development of our platform and our products. Increasing investments in innovations help us to effectively expand our competitive position and lay the foundation for further increasing the value of the Company.

Dear shareholders, in regard to the development of the first quarter and subject to no significant deterioration of the general economic parameters, we confirm our guidance for the financial year 2023. With revenues at Group level increasing by 24 % to 28 % year-on-year to EUR 29.0 million to EUR 30.0 million, we expect operating earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 4.0 million to EUR 4.5 million.

Thank you very much for your trust and I am looking forward to further cooperation with you.

Best Regards,

Dirk-Hilmar Kraus

CEO

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When using rounded amounts and key figures, differences may occur due to commercial rounding.

  1. as of 31 December 2022

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A BETTER ADVERTISING EXPERIENCE FOR EVERYONE

In the recent years, the digital advertising market has grown to become the world's most important channel for advertising.

At the same time, it has undergone a major transformation: automated trading of digital advertising space is now widely adopted, with the majority of digital advertising budgets being traded in real time - programmatically.

As one of the first mobile advertising Companies, YOC used its 20 years of expertise to introduce the powerful VIS.X® platform to the market.

By providing this proprietary trading platform, YOC enables an optimal advertising experience for advertisers, media providers (publishers) and users of the internet and mobile applications.

The Company positions itself as a developer of high-performance software in the market for advertising technology and optimally serves the needs of the parties involved with VIS.X®:

  • Advertisers are given the opportunity to increase awareness of their brand or products in combination with high-impact advertising inventory by using VIS.X® and YOC high- impact advertising formats,
  • Internet users receive relevant, interesting advertising messages without being disturbed in their reading flow,
  • Partners on the supply side, renowned providers of premium media content (premium publishers) offer a global media reach in the form of internet portals as well as mobile applications and benefit from the high monetization of the VIS.X® platform.

Unlike any previous platform in the market, the VIS.X® platform has been specifically designed to deliver innovative and particularly attention- grabbing advertising at scale. As a result, the Company has secured a competitive position in the advertising technology market.

YOC benefits sustainably from the global shift from traditional to digital advertising spend while ensuring that all involved parties - advertisers, publishers and users of the internet - receive an ideal advertising experience that fits their needs for mobile as well as stationary devices.

INVESTING IN INNOVATION

The VIS.X® platform and YOC's proprietary advertising formats differentiate YOC's offering in the international digital advertising technology market.

To sustain this advantage, the Company consistently invests in the further development of its platform and products.

Thereby the Company aims at continuously improving its software so that our partners are offered a comprehensive, efficient and innovative way to trade highly effective advertising media in combination with the best advertising spaces in an automated manner.

As a result, the Company is expanding its competitive position effectively.

Current examples of the success of this strategy are the expansion of functionality for automated trading of desktop inventory as well as the introduction of new advertising product lines for desktop devices.

This underpins the flexibility and scalability of the platform and enables further growth in new environments for the Company.

The YOC Group continues to pursue its mission of providing a better advertising experience for everyone by allocating further investments into its proprietary software stack.

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YOC AG published this content on 24 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 17:16:11 UTC.