Huddlestock Fintech AS · OSL:HUDL
Huddlestock Fintech AS — Investor Presentation (February 2021)
25 slides from Huddlestock Fintech AS's investor presentation, Feb 25, 2021
Slide 1: Company Presentation 2020 and beyond
Company Presentation 2020 and beyond February 25, 2021 Important information and disclosures at the end of this presentation
Slide 2: We enable the Wealth Tech industry to become digital
We enable the Wealth Tech industry to become digital Saving time and cost while improving customer quality 2
Slide 3: Agenda: Industry overview
Agenda Industry overview Highlights in 2020 Huddlestock overview Financials 3
Slide 4: Highlights in 2020
Highlights in 2020 • Listing on Oslo Stock Exchange - Euronext Growth Market • Successful acquisition of 100% of Huddlestock Systems in Germany Corporate • Successful Capital increase in November Actions • CFI.Co awarded Best FinTech IPO - Nordics 2020 • Nominated to Technology Innovator Award by Co
Slide 5: Profit (loss) statement (unaudited)
Profit (loss) statement (unaudited) Consolidated income statement (in NOK 1000) 2020 2019 Operating income Other operating income 225 0 Total operating income 225 0 Operating expenses Personnel costs 432 704 Wages Other operating expenses 8,267 5,000 Total operating expenses 8,699 5,704 Mostly softw
Slide 6: Balance sheet (unaudited)
Balance sheet (unaudited) Consolidated Financial position (in NOK 1000) 2020 2019 Consolidated Financial position (in NOK 1000) 2020 2019 ASSETS Equity Intangible assets Paid-in capital Research and development 19,308 15,789 Share capital 208 143 Licences 45,952 5,459 Share capital - not registered
Slide 7: Agenda: Huddlestock overview
Agenda Huddlestock overview Highlights in 2020 Huddlestock overview Financials 7
Slide 8: A digital breakthrough for custodian banking in symphony with wealth management
A digital breakthrough for custodian banking in symphony with wealth management. The partnership provides for superior and cost-effective client services through the Apex and Bedrock solutions 8
Slide 9: Huddlestock: Three key Pillars
Huddlestock: Three key Pillars Proving to be investing and trading - what PayPal is for payments World Class Technology Contracts Strong Shareholder Value Creation • World-class Fintech with multiple awards • Recurring revenue in the attractive Wealth • Scalable digital business model and supportive
Slide 10: Company structure
Company structure Fintech AS Holding company based in Stavanger 100% 100% Huddlestock Technologies AS Huddlestock Asia SDN BHD • 100% owned daughter in the Group • 100% owned daughter in the Group • Norwegian company that owns the intellectual property • Huddlestock Asia owns and technology Huddlest
Slide 11: High quality shareholders base
High quality shareholders base Rank Investor Holding no. of Stake, % Management and the Board of Directors in total shares 1 Euroclear Bank S.A./N.V. 21,333,746 19.5% own 40% of shares 2 VISION INVEST STAVANGER AS 8,151,715 7.4% 3 RETROPI LIMITED 7,707,608 7.0% HUDL: Share price development since li
Slide 12: Management and The Board of Directors
Management The Board of Directors John E. Skajem Peter van Kleef Øyvind Hovland Murshid Ali Per Øyvind Berge CEO CEO of Huddlestock Chairman Member Member Systems GmbH John E. Skajem is the Chief Peter van Kleef is co-founder of Øyvind is a serial Murshid is an Executive Director Per Øyvind is an in
Slide 13: Company Human Resources
Company Human Resources Huddlestock Huddlestock Huddlestock Huddlestock Huddlestock Norway (8) Germany (2) Lithuania (3) Ukraine (11) Malayasia (8) John E Skajem Group CEO Peter van Kleef CEO CEO Germany Inga Malinauskaitė de Technical programmers 10 employees Head of Legal Nith Vagya CEO Malaysia C
Slide 14: A digital and commercial opportunity for custody banks, asset managers and investors
A digital and commercial opportunity for custody banks, asset managers and investors Through Qinfen, a private label solution based on the Apex platform, asset managers can access and offer BNP customers a flexible, professional and future ready digital interface. 14
Slide 15: Revenue model: BNP Paribas
Revenue model: BNP Paribas BNP Paribas Estimated AUM path, EUR bn (base case) Custody bank solution 20 15 Asset-based 10 5 • Huddlestock will receive fees from Asset Under Management (AUM) managed on the platform 0 • Through BNP Germany, Huddlestock expects to add EUR 20bn in AUM in 3-4 years Annual
Slide 16: Bedrock is an out of the box trading platform
Bedrock is an out of the box trading platform Gives you direct market access to a universe of 12,000 equity instruments and countless financial products 16
Slide 17: Revenue model: Baader Bank
Revenue model: Baader Bank Connectivity solution (Bedrock) 350 000 Baader Bank (estimated # of trades per month) 300 000 250 000 Transaction-based 200 000 150 000 100 000 • Huddlestock will receive a certain agreed fee 50 000 per transaction 0 • Baader Bank is expected to become the second largest c
Slide 18: Revenue model: FXX and SXX contracts
Revenue model: FXX and SXX contracts (not disclosed names) Revenue model: FXX contract Revenue model: SXX contract 2,0 Annual revenues potential from FXX contract (EUR m) 1,8 Annual revenues potential from SXX contract (EUR m) Fee income for HUDL (EUR m) 2,5 2,3 Fee income for HUDL (EUR m) 1,5 2,0 1
Slide 19: Total projected revenues by contract
Total projected revenues by contract Revenue model by contract: 2021-2024, EUR 20 000 000 18 000 000 16 000 000 14 000 000 12 000 000 10 000 000 8 000 000 6 000 000 4 000 000 2 000 000 0 2021 2022 2023 2024 * Indicative numbers and analysis 19
Slide 20: Agenda: Financials
Agenda Financials Highlights in 2020 Huddlestock overview Financials 20
Slide 21: Profit (loss) budget: 2021-2024
Profit (loss) budget: 2021-2024 Profit (loss) statement (EUR) 2021 2022 2023 2024 Revenues 1,663,176 5,712,584 11,350,674 17,479,706 Comments Total expenses 888,000 1,724,700 2,080,260 2,317,375 Salaries 685,000 1,447,500 1,764,000 1,953,735 • These forecasts reflect only Other administrative expens
Slide 22: Contacts
Contacts John E. Skajem Øyvind Hovland CEO Chairman +47 4188 7412 +47 9096 6151 [email protected] [email protected]
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use of presenting the company. This presentation is being made only to and is only directed at person to whom such presentation may lawfully be communicated (Recipients). Any person who is not a
Slide 24: Disclaimer
Disclaimer Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with respect to the condition (financi
Slide 25: Appendix: more than 10% ownership requires an approval from BaFin
Appendix: more than 10% ownership requires an approval from BaFin Each person who holds, acquires or increases a qualifying holding in a Declaration of no bank or investment firm, as a result of which certain thresholds are objection from reached or passed, or exercises voting power (or similar cont
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