Frnt Financial, Inc. · TSXV:FRNT
Frnt Financial — Investor Presentation (July 2025)
22 slides from Frnt Financial's investor presentation, July 2025
Slide 1: FRNT Financial
TSXV: FRNT FRNT Financial July 2025
Slide 2: Disclaimer
Disclaimer Forward-looking statements are not guarantees of future performance and are based on the opinions, estimates and assumptions of management as of the date such statements are made, which management believes to be reasonable, including without limitation, assumptions regarding: the company
Slide 3: FRNT is a speciality digital asset investment bank
A platform built over the last 5-years in anticipation of a digital 1 asset market with much more broad and sophisticated institutional activity. FRNT is a speciality digital asset FRNT operates in the space where the traditional institutional 2 service community cannot due to lack of: expertise, in
Slide 4: FRNT Governance
FRNT Governance Stéphane Ouellette Adam Rabie CEO, Co-Founder Co-Founder, Director Former hybrid equity & equity derivative Principal of OSF Management, managing sales & trading at BMO CM the Paradox Fund (macro asset arbitrage) Geoff Browne Dan Cristall Eric Richmond Director Director Director Form
Slide 5: Institutions are the next wave of crypto
Institutions are the next wave of crypto 2011 - 2013 2016 - 2018 2020 - 2022 Early Experimentation Scale Retail Adoption Retail Innovation Institutional Takeover Hyper early adopters experiment Coinbase and others emerge as Retail derivatives evolve and receive With BTC and crypto seemingly ‘not wit
Slide 6: The Commodity Investment Bank Analogy
The Commodity Investment Bank Analogy Wall Street once viewed In the 1970s and 80s, Wall Street The commodity investment banks commodities similarly: a ‘rogue’ began to view the asset class as a grew in importance, some getting asset class dominated by growth segment acquired by generalist firms (J A
Slide 7: Current Market Environment
Current Market Environment ■ In spite of BTC price appreciation, US election has catalyzed an environment of industry growth out of a dormant period. Very typical to what has been seen in prior cycles. ■ While a positive asset backdrop. Pre-election market dynamics painted a picture you typically se
Slide 8: Google searches for 'Bitcoin'
Google searches for ‘Bitcoin’ Following US election, the prospect of crypto friendly policies in the country brings attention back to In spite of asset prices being near digital assets, though interest is far ATHs, market dynamics remain from 2021 peak. quiet and attention is depressed. Industry run
Slide 9: A bird's-eye view of the last 3-years
A bird’s-eye view 2022 of the last 3-years Counterparty blow-ups throughout the entire year. 2023 Extinction event for crypto native HFs and platforms. Negative regulatory A sensible return to normalized environment. Infrastructure conditions after 2-years of catastrophe. (banks) closed and market i
Slide 10: FRNT Business Structure
FRNT Business Structure Capital Markets Advisory OTC Spot OTC Derivatives Lending & Treasury Merchant Banking Consulting Distressed Best in-class liquidity Regulated crypto futures, Secured lending backed Advise on financings, Helping both crypto Trading & advisory on and experience options & structu
Slide 11: Capital Markets: All-in-one-institutional platform
Capital Markets: All-in-one-institutional platform 11
Slide 12: High Value Sales & Execution
OTC (BLOCK) TRADING High Value Sales & Execution ■ ‘Agency’ transactions with network of Global trading venues; spread-revenue ■ Clients: large holders, miners, crypto treasuries, crypto native asset managers ■ Notable month has emerged as $150k, pipeline has grown aggressively in past months 12
Slide 13: Secure lending backed by crypto
LENDING Secure lending backed by crypto ■ Traditional lenders do not view BTC as collateral, do not have the expertise or infrastructure to handle ■ Originates transactions via lending platform JV’d with custodians (BitGo); or a venue for pre-arranged agreements ■ Asset management based lenders vs.
Slide 14: FRNT's structured products are unique in the crypto space
STRUCTURED PRODUCTS FRNT’s structured products are unique in the crypto space ■ Structured products offered via platform or bilateral negotiations ■ Alpha based structures, outright, protective ■ Solutions based for miners, regulatory layer for generalist asset managers ■ Spread-based revenue that s
Slide 15: Merchant Banking
Merchant Examples Banking Crypto- Token-based Underserved in terms of offering high-value traditional denominated ■ offerings investment banking services (exception would be large capital raises and mega-cap public markets activity) ■ The gap in banking is due to a lack of incumbent expertise, infra
Slide 16: Other notable attributes
Other notable attributes Distressed Consulting Media ■ Active business emerged ■ Consulted for TMX Group, ■ Internal data suggests SO & given market environment among other businesses in FRNT were the most quoted 2021 ■ Second largest broker of sources in Bloomberg FTX Claim sales Consulting mandate
Slide 17: A unique full service offering
A unique full service offering Deliverable Trading Lending/TM Merchant Banking Consulting & Advisory Asset Management Structured Products Galaxy Closest public comparable but primary focus is on internal investment over client services / Genesis Currently facing liquidation, firm had previously focus
Slide 18: FRNT Leadership: Tradfi veterans & crypto pioneers
FRNT Leadership: Tradfi veterans & crypto pioneers Stéphane Ouellette CEO, Co-Founder Alex McAulay Giles Colwell David Brickell Ray Ritchie CFO Head of NA Capital Head of International Head of Trading Markets Distribution David Washburn, PhD President Laura O’Leary Joey Vidi, CFA Strahinja Savic Bra
Slide 19: Global Footprint
15 1 Global 3 Toronto 21 New York Vancouver 4 London 3 Footprint Bahamas 1TBD Asia FRNT has built a broad-global base to build a global business Targeting additional hires in primarily London and New York Asian desk, for business development and monitoring, targeted this year FRNT Team Member Locati
Slide 20: Business Earning Power / Historical
Business Earning Power / Historical ■ Since FRNT IPO there have been two distinct 5-quarter periods: Extreme Crypto Bear Market (Q3/22-Q3/23) and Recovering Crypto Market (Q4/23-Q4/24), Current market conditions imply a new period ■ The average quarter from Bear Market to Recovering Market grew 135%
Slide 21: FRNT capital structure: Significant insider ownership
FRNT capital structure: Stephane Ouellette Significant insider ownership 42.10% Insider Ownership 23,894,288 Others 13,347,491 Basic Shares Outstanding 37,241,779 Warrants (1) 1,359,199 Stock Options (2) 4,803,897 Others 46.85% Fully Diluted Shares Outstanding 43,404,875 Recent Share Price $0.50 Mar
Slide 22: Future of FRNT
The last two years could be termed, ‘The Great Crypto Reset’ - 1 institutional service revenue died and it is coming back in force with few surviving firms. ‘The first FRNT’: FRNT has pioneered the full-service digital asset Future 2 investment banking model, ultimately, other independents will emerge