Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — Q4 2022 Earnings Presentation
34 slides from Huddlestock Fintech As's earnings presentation, Feb 23, 2023
Slide 1: Presentation of 4Q22 and 2022 results
Presentation of 4Q22 and 2022 results 23 February 2023 Democratizing Capital Markets
Slide 2: Disclaimer regarding forward looking statements
Disclaimer regarding forward looking statements Disclaimer regarding forward looking statements This presentation speaks only as of their date, and the views expressed are subject to change based on a number of factors, including, without limitation, macroeconomic and equity market conditions, inves
Slide 3: Huddlestock Fintech
Huddlestock Fintech De mocra tizing a cce s s to ca pita l ma rke ts Øyvind Hovland John E. Skajem Chairman Group CEO 3
Slide 4: Huddlestock Fintech – The Equity Story
Huddlestock Fintech – The Equity Story Huddlestock Fintech delivers innovative technology solutions to the capital markets, treasury and wealth management industries. Through it’s technology offering, Huddlestock offers an innovative, compliant and data-centric Investment & Wealth Tech SaaS, acceler
Slide 5: Highlights in 4Q 2022
Highlights in 4Q 2022 • Huddlestock Trader is live in Germany – and growing • Huddlestock Trader is active and executes daily trades going through with Solaris and Tomorrow Bank • Thousands of clients onboarded in Q4 • Q4 Proforma Group Revenue of NOK 16.200.000 • Internal synergies achieved - NOK 4
Slide 6: Highlights in 4Q 2022
Highlights in 4Q 2022 • Winning new clients, growing existing mandates; • German operation in discussion to broaden mandate with Europe’s leading Banking-as-a- Service providers • Consulting division signs three new clients during Q4, adding new products and services, and signs multi-year consulting
Slide 7: Key priorities
Key priorities Deliver innovative technology solutions for the Trade and WealthTech industries. Grow and deliver: • Significant negotiations with 4 prospects for “end to end” solution • 20 additional new promising leads for Trade and Wealth Tech SaaS solutions • Good visibility for Consulting into 2
Slide 8: Proforma financials in 2022
Proforma financials in 2022 Scaling up for future growth and profitability with transformational investments. Revenues EBITDA Total Equity 61.6m -16.0m 121.0m +48 % yoy NOK NOK NOK 8 Tracs Technology from 1st January 2022. *Proforma revenues include F5 IT, Trac Services and
Slide 9: Consolidated financials in 2022
Consolidated financials in 2022 Scaling up for future growth and profitability with transformational investments. Revenues EBITDA Total Equity 46.1m -14.0m 121.0m +97 % yoy NOK NOK NOK 9 Tracs Technology from 1st January 2022. *Proforma revenues include F5 IT, Trac Services and
Slide 10: Proforma financials in Q4 2022
Proforma financials in Q4 2022 Scaling up for future growth and profitability with transformational investments. Revenues EBITDA Total Equity 16.2m -7.7m 121.0m +19 % yoy NOK NOK NOK 10 Tracs Technology from 1st January 2022. *Proforma revenues include F5 IT, Trac Services and
Slide 11: Consolidated financials in Q4 2022
Consolidated financials in Q4 2022 Scaling up for future growth and profitability with transformational investments. Revenues EBITDA Total Equity 13.2m -7.5m 121.0m -4 % yoy NOK NOK NOK 11 Tracs Technology from 1st January 2022. *Proforma revenues include F5 IT, Trac Services and
Slide 12: Share price in 2022
Share price in 2022 Average daily traded volume of shares 2022 Continuing to outperform peers. 326,091 210,630 in 2021 Huddlestock Fintech share price and volume in 2022 Huddlestock Fintech share price vs First North indices Source: Huddlestock Fintech AS, Yahoo Finance, Euronext, Nasdaq OMX. 12
Slide 13: Continue to have a supportive and strong shareholder base
Rank Name Holding Stake in % Continue to have a supportive and 1 2 VISION INVEST STAVANGER AS Bank Julius Bär & Co. AG 8 286 715 7 636 250 6,12 5,64 strong shareholder base 3 4 SAA INVEST AS F5 HOLDING AS 7 000 000 6 431 667 5,17 4,75 5 HUDDLESTOCK FINTECH AS 5 144 907 3,80 6 BERKER GROUP AS 5 000 0
Slide 14: Strategic update
Strategic update hddlestock
Slide 15: Delivering on financial inclusion
Delivering on financial inclusion Our purpose: Empowering our clients to deliver access to global capital Our vision: markets through simple, accessible, and personalized trading and investing solutions. Reshaping financial markets Huddlestock solutions through Innovative – Modular - Collaborative d
Slide 16: Value creation through accretive M&A
Value creation through accretive M&A Creating shareholder value • A core pillar of Huddlestock’s strategy is to create shareholder value through accretive acquisitions. • Our M&A strategy is focused on targets where we find significant synergies and supports Huddlestock’s ”technology first” – focus.
Slide 17: How it all fits together strategically
How it all fits together strategically Clients XYZ Onboard Clients Trade global markets and funds Real time reporting and settlement Our expertise is putting it all together. You can have some of it or all of it. Investor Services, Trade and Wealth Tech Solutions Expert Consultants and Technology De
Slide 18: Huddlestock has everything to implement your solution quickly and efficiently
Huddlestock has everything to implement your solution quickly and efficiently. Huddlestock Trader is a White Label Trading API. Huddlestock Trader A flexible, modular trading solution, easily integrated alongside already-existing client services via APIs. A fully integrated white label Wealth Manage
Slide 19: Our strategic goals – where are we in 5 years from now?
Our strategic goals – where are we in 5 years from now? Strategic goals: In 5 years time we want to be a world class technology provider delivering innovative and sustainable technology; compliant solutions to the capital markets, treasury and wealth management industries. Strategically optimized or
Slide 20: Experienced Board of Directors
Experienced Board of Directors Njord Group appoints two new board members. Øyvind Hovland, Chairman. Ramtin Matin, Board Member Øyvind is a serial entrepreneur with more than 25 years Ramtin Matin is Head of Innovation at Sparebank 1 SR-Bank. of experience in starting and scaling companies in He has
Slide 21: 4Q2022 and Annual 2022 Results
4Q2022 a nd Annua l 2022 Re s ults
Slide 22: Proforma financials in 2022
Proforma financials in 2022 Scaling up for future growth and profitability with transformational investments. Revenues EBITDA Total Equity 61.6m -16.0m 121.0m +48 % yoy NOK NOK NOK 22 Tracs Technology from 1st January 2022. *Proforma revenues include F5 IT, Trac Services and
Slide 23: Consolidated financials in 2022
Consolidated financials in 2022 Scaling up for future growth and profitability with transformational investments. Revenues EBITDA Total Equity 46.1m -14.0m 121.0m +97 % yoy NOK NOK NOK 23 Tracs Technology from 1st January 2022. *Proforma revenues include F5 IT, Trac Services and
Slide 24: Group operating revenues
Group operating revenues Delivering and investing in strategic technology solutions Group operating revenues (NOK 1000) +48 % *Proforma numbers includes F5 IT and Tracs from January 2022. Reported numbers consolidates F5 IT from May 2022. 24
Slide 25: Group operating costs
Group operating costs Scaling up for future growth and profitability. Investing in technology. Internal synergies. Group operating costs (NOK 1000) +2.2x *Proforma numbers include F5 IT and Tracs from January 2022. Reported numbers consolidates F5 IT from May 2022. 25
Slide 26: Group EBITDA
Group EBITDA Scaling up for future growth and profitability. Investing in technology. Internal synergies. Group EBITDA (NOK 1000) *Proforma numbers include F5 IT and Tracs from January 2022. Reported numbers consolidates F5 IT from May 2022. 26
Slide 27: Technology
Technology A story of two halves. Continued focus on client deliveries and growing recurring revenue streams. Technology revenues (NOK 1000)
Slide 28: Annexes
Annexes hddlestock
Slide 29: Consolidated Income Statement
Consolidated Income Statement Consolidated Income Statement (in NOK) 4Q2022 4Q22 Pro-forma 4Q2021 2022 2022 Pro-forma 2021 Operating income Other operating income 13 163 974 13 651 444 46 051 428 61 598 816 23 363 188 Total operating income 13 163 974 16 192 996 13 651 444 46 051 428 61 598 816 23 3
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Financial Position (in NOK) 31.12.2022 31.12.2021 Consolidated Financial Position (in NOK) 31.12.2022 31.12.2021 ASSETS EQUITY Intangible assets Paid-in capital Research and development 66 764 566 23 333 391 Share capital 257 278 244 612 Goodwill 52 957 680 42
Slide 31: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Consolidated Statement of Cash Flows (in NOK) 2022 2021 Cash flows from operating activities Profit (loss) before tax -27 245 393 -20 282 245 Depreciation and amortisation 12 811 866 10 594 597 Net result discontinued operations 0 84 778 Changes to accounts receivabl
Slide 32: Investor relations contacts
Investor relations contacts: J ohn E. S ka je m Group CEO je s @huddle s tock.com +47 418 87 412 Ande rs P e ine rt Award-winning platform Group CFO a p@huddle s tock.com +47 934 79 634 Listed on Images & Photography: unsplash.com and pixabay.com 32 Icons: flaticon.com and Icon8.com
Slide 33: Full disclaimer
Full disclaimer Full disclaimer This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentatio
Slide 34: Full disclaimer continued
Full disclaimer continued Full disclaimer continued 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 projecti
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