Fold Holdings, Inc. · NASDAQ:FLD
Fold — SPAC Merger (October 2024)
26 slides from Fold's SPAC merger presentation, Oct 7, 2024
Slide 1: The Gateway to Bitcoin Financial Services
T h e Ga t e w ay t o Bi t coin Financia l Services Oc t o b e r 20 2 4 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc
Slide 2: Disclaimer
2 [ ] Disclaimer Ab o u t this P r ese n t a tion This investor presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential private placement of securities of FTAC Emerald
Slide 3: Sponsor Overview: Industry Leading Sponsors, Backed by a Prominent Team
3 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc S p ons o r O v er v i e w | I ndu s try L e ading S p o n s o r s, B a c k e d b y a P romine n t T e am 1) Return on units based on acquisition consideration paid by First Data of $15.00 per share of CCN common stock and $3.99 per C
Slide 4: Introductions: Today's Presenters
4 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Introductions T oda y ’ s P rese nt e r s Will Re e v e s C E O & C o - Fou n d e r Wolfe R e p ass V P of Fina n c e Jo n at h an Kirkwood C o - Fo un d e r, T en 31
Slide 5: Bitcoin Overview: A Fast-Growing Brand & Rapid Adoption Trends
5 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 3 25 59 210 354 465 596 760 923 1 , 07 1 1 , 24 1 7 9 10 20 39 115 72 116 180 272 389 490 647 758 889 2023 2022 2021 2020 2019 2018 2017 2015 2016 2014 2013 2012 2011 2004 2003 2002 2001 2000 Users 1999 I nte r ne t 1998 ers 1996 1997
Slide 6: Market Backdrop: Bitcoin has Outperformed Key Assets, Indices & Big Tech
6 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc No t e : M a r k et d a t a a s o f 10 . 03 . 2024 Market Backdrop Bitcoin has Outperformed Key Assets, Indices & Big Tech Since Jan 2019 Bi g T e ch K e y Ass e ts & I n d i ce s ( G o l d) ( S i l v er) (Bonds) 1548 . 3 % 168.2% 127
Slide 7: Bitcoin has the Potential to Protect Everyday People from Inflation
7 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Bi tcoin ha s a fi x e d supply unlike traditional fiat currency an d ha s t h e p o t ential t o p r o t e c t p e o p le f r om excessive money printing that can lead to inflation Bitcoin has the Potential to Protect Everyday People
Slide 8: Company Overview: Fold is a Gateway to Bitcoin-Based Financial Services
8 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Company Overview Fold is a Gateway to Bitcoin - Based Financial Services for an Expanding Network C ustomer H i g hli g ht s 4 C o m pany H i g hli g hts $50M+ 575K #1 2019 I n M o n t hly Volume Total A c c o un t s B i t c o in R e
Slide 9: Products Overview: Fold's Current Product Offerings
9 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc P r o d u c t s O v er v i e w F old ’ s Curr e n t P r oduct Of f erings In s u r e d B i t co i n Cu s t o d y & T r adi n g □ B u y b i t c o i n w i t h l o w t o z e r o f e e s □ W i t h d r a w b i t c o i n i n s t a n t l y □
Slide 10: Platform Strengths: Delivering Value for Stakeholders
10 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Platform Strengths Deli v ering V alue f or S t a k eholde r s Bitcoin financial services platform that seamlessly integrates dollars with bitcoin & making w a y f o r p o w er f u l n e w fi n a n c ial p r o du c t s Financial Auto
Slide 11: Customer Base Statistics
11 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Note: Based on historical company data & customer surveys from 2022 – 2024. Period of data collection may vary across the different statistics Cus t omer Bas e St atistics Highly Engaged Base with Potential for Cross Selling 83% A r
Slide 12: Product Roadmap
12 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc P r o d u c t R o admap Comprehensive Financial Services Driven by High Customer Engagement Cr e d i t Ca rd L o a n s Business A cc o u nt s S t r o n g C u s t o m er I n vo lve m e n t 1 B a n k i n g & Pa y m en t s Merc h a n t
Slide 13: Bitcoin Stacking: A Unique Strategy to Capture Potential Upside
13 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 8,211 4 11,509 3 252,220 2 1,000+ 1 1,012 8 1,176 7 1,717 6 2,410 5 Note : Excludes miners and exchanges. Bitcoin holdings based on public filings as of: 1) 10.03.2024 2) 09.19.2024 Bi t coin S t ac k ing | A Un iqu e St r a t e g y
Slide 14: Monetization: How Fold Generates Revenue
14 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc M one t i z ation H o w F old Ge n e r a t es R e v enue Cu s t ome r s Current O f f eri n gs Future Op p ortu n i t ies Increased network volume grows the a moun t o f bit coin i n t he treasury for p rem i u m I nsuranc e Cu s t o
Slide 15: Bitcoin as a Treasury Reserve Asset
Bi t coin as a T reas ury Reser v e A s s et Fold has Amassed 1,000+ Bitcoin in Our Corporate Treasury F ol d is t r ackin g t o b e t h e fi r st p u b l i c l y t r a d e d pur e pl a y bi t coi n fina n ci a l servic e s company 1) Yahoo Finance, Top 20 companies with the most cash reserves, 02.1
Slide 16: Customer Benefits: Expanding Access to Wealth Creation
16 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Cus t omer B e ne fi t s Expanding Access to Wealth Creation for F old ' s Cust ome r s 50% o f Ame ri c a n s h a v e n o s a ving s or l e s s s a vin g s t h a n p r io r y e a r s . 1 F o ld democratizes wealth creation by aiming
Slide 17: Financials: Our Model Powers Our Earnings Generation
17 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Fina n cials Our Model Powers Our Earnings Generation Formula Opportunity Customers ARPU 1 C o s t s R a p i d ly G r o w i ng Base A v e r ag e R e v en u e P er Customer L o w - C o st O p e r ati n g Platform F o l d ’ s E ar n i
Slide 18: Financials: Expected User Growth Tied to Bitcoin Halving Cycle
18 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 2) BusinessofApps, Coinbase Revenue and Usage Statistics (2024), 07.09.2024 3 ) F a cts et d a t a a s o f D e cem b e r 3 1 s t o f e a ch y e a r E O P Pri c e Cha n g e % 3 E O P U s e r G r o w t h % Year 1 94.3% 49.5% 2019 305.1
Slide 19: Financials: Customer Acquisition Funnel
19 1) Rewards Accounts are defined as Fold customers that have earned bitcoin rewards on our platform 2) Verified Accounts represent users who have gone through Know Your Customer (“KYC”) verification to participate in our banking and exchange products 3) Premium customers including subscribers to F
Slide 20: Financials: Top Line Financial Profile
20 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc $28.9M $21.5M $24.0M $61.6M 20 2 2 20 2 3 20 2 4 1 20 2 5 1 Fina n cials Top Line Financial Profile R e v en u e ( $ M ) Commentary • O v er t h e p a s t 2 y e a r s , F o ld has u n de r t a k en o ne - t ime s t r a t e gi c c h a
Slide 21: Financials: Diversifying Revenue Streams
21 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 96% 4% 5 4 % 43% 3% Fina n cials Di v e r sifying R e v enue St r e ams B anki n g & P a y m e n t s: x E x pec t e d g r e a t e r mar k e t penetration x Ne w cus t ome r a c q ui s it ion t hrou g h h i g h e r mar k e ti n g spen
Slide 22: Customer Profile: Fold Attracts High Value & Diverse Customers
23 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Cus t omer P r o file F old A tt r ac t s High V alue & D i v e r se Cu s t ome r s 8% 15% 28% 14% 23% 13% H ous ehold Inco m e 1 $0 - $49,999 $50,000 - $89,999 $90,000 - $149,999 $200,000+ P r efer no t t o A n s wer $220K H ou s e
Slide 23: Management Team
24 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Management Team Visionary Leadership for Fold’s Next Growth Phase Sea n M cGow a n Controller • CPA with 10+ years experience in public and private accounting & finance roles • Supported Robinhood through its IPO as an accounting man
Slide 24: Transaction Overview
5) 1/3rd of Sponsor Shares are locked up until earlier of $12.00 or 6 months; 1/3rd of Sponsor Shares are locked up until earlier of $15.00 or 2 years; 1/3 rd of Sponsor Shares are locked up until earlier of $17.00 or 10 years. For all tranches, the applicable 30 - day trading period must end at lea
Slide 25: Transferring Wealth: First Mover Advantage
26 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc T r ans f erring W e al t h Fi r st M o v e r A d v a n t a g e De p t h o f T e c h nol o gy x F old ’ s bi t coi n - li n ke d fi n a n ci a l se r vic e s ar e creating an ecosystem where customers can integrate bitcoin into their
Slide 26: Fold is a leading bitcoin financial services company dedicated to expanding access to bitcoin
Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Fold is a leading bitcoin financial services company dedicated to expanding access to bitcoin investment opportunities through premium financial products. By integrating bitcoin into everyday financial services, Fold aims to make the Am