Shf Holdings, Inc. · NASDAQ:SHFS
Shf — Investor Presentation (April 2024)
24 slides from Shf's investor presentation, Apr 2, 2024
Slide 1: April 2024 Investor Presentation
April 2024 Investor Presentation NASDAQ:SHFS
Slide 2: Disclaimers
Disclaimers NOTICE TO RECIPIENTS “his presentaton his "Prosontation’ has been xepared sce er gneal informational purposes by SHF Hains, ne {ne “Company.W,°"uso"0UF) No representation or waren 35 fo the eecrery, complies, of famess Such Inlrmeton sting made byte Company or any ther Recon, a ae he Com
Slide 3: Disclaimers
Disclaimers HISTORICAL FINANCIAL INFORMATION OF SAFEHARBOR FINANCIAL, “heist franciainfration regarding the Conpany cetsnedin his Prsentatn has ban kn em cr propre based on steal inancla semen, nich ily Teiled her cave operons of Peter Crate leat ‘non Pou 2022, USE oF PROJECTIONS ‘he nang. cperatona
Slide 4: What We Do
What We Do Safe Harbor is a fintech platform with a stellar, 9-year track record of facilitating traditional banking and lending services to the US cannabis industry through our network of financial institution clients.
Slide 5: Who We Are
Who We Are The first Nasdaq listed company with compliant cannabis finance infrastructure ap? Expertise in cannabis banking and lending leveraging a proprietary fintech platform Leadership and expert position in an underserved market with high barriers to entry and regulatory oversight National foot
Slide 6: The U.S. Cannabis Projected Sales — Billions
The U.S. Cannabis Projected Sales — Billions? Industry is Growing 74% of Americans live in a state where cannabis is legal’ 70% of Americans support full federal legalization2 ES LEGALIZATION: [RO 38 States 24 States Medical use legal 16 States Adult-use legal Proposing Legislation: Iv fobes com sts
Slide 7: Many traditional financial institutions will not bank Cannabis-Related Businesses
Many traditional financial institutions will not bank Cannabis- Related Businesses (CRBs) High risk & high barriers to entry » No Safe Harbor: Potential for prosecution for providing CRBs with financial services » Illegal status: Conflicting state and federal laws regarding legalization » High barri
Slide 8: Proven & compliant cannabis finance infrastructure
Proven & compliant cannabis finance infrastructure MONTHLY COMPLIANCE, DEPOSITORY & TRANSACTION FEES, INVESTMENT & LOAN INCOME ONBOARDING FEES Incoming Financial “o~ Transactions Wl Proprietary Safe Proprietary _— Harbor Onboarding, *| Fintech Platform =. Financial Cannabis Service & Compliance} Ban
Slide 9: Revenue Growth Performance
Revenue Growth Performance’ Year over Year 2023 Quarterly Core Revenue? Reported Revenue? 582,783 va $4,325,662 $4,304,494 $17,562,903 $4,129,276 485% $9,478,819 j 2023 3023 423 ‘YE 2022 YE 2023 1023 ‘Core Revenue is a non-GAAP measurement. Itreflects the strategic revenue on which the company focus
Slide 10: Expense & Adjusted EBITDA
. * SAFE Expense & Adjusted EBITDA sare FINANCTAT Quarterly Run-Rate Expense Adjusted EBITDA $4,125,727 +25% $1,312,996 +24% wana | $3,725,046 $850,384 a — +107% j $409,918 aa ao i 1023 4023 1023 2023 3023 4023 4. Astrategic shift in the fourth quarter of 2023 led us to apply eared interest to the a
Slide 11: Interest Income & Credit Growth
Interest Income & Credit Growth O sari Year over Year Interest Income’ 2023 Quarterly Credit Growth $56,051,230 $2,972,434 434, va +163% 418.0% A sai ronar 477. *7 $36,309,953 $1,130,178 $20,504,720 ~ 2002 ~ 2008 4. A strategic shift in the fourth quarter of 2023 led us to apply earned interest to t
Slide 12: Revenue Composition by %
a YE 2022 2% Deposit activity fees Revenue Composition by % YE 2023 19 Loan interest Investment income and fees income Program licensing fees 1
Slide 13: Scaling Revenue
Scaling Revenue Present Revenue Streams “+ Investment Income on Deposits « Lending Fees for Origination * Loan Interest Income + Loan Servicing * Deposit Account/Compliance/Onboarding Fees “ Transaction Fees (3' Party Processing) * Program Licensing Future Opportunities *» New Loan Options — LOC Rev
Slide 14: Growth & Expansion
Growth & Expansion Established National Footprint on which to scale @ Federal reserve accounts $205M 6.46 8M —$35.2M PY nid N\esatm 143M FN S6AM SM Noe eM 4M \<S1M 13
Slide 15: Competitive Advantages
Competitive Advantages The first Nasdaq listed company with compliant cannabis banking and financial technology infrastructure Consistent performance: in 10th year of successfully providing access to financial services consistently to the cannabis industry Lending & depository service access: deposi
Slide 16: Growth Strategy
Growth Strategy M&A Expand deposit base, increase lending capacity, complement technology platform Organic Increases in existing CRB of revenue and expanded use of ‘Anil fee-based services Current legal markets. Acquisition via increased marketing spend, which has been minimal to date Bulk acquisiti
Slide 17: Commercial Lending Opportunity
Commercial Lending Opportunity Uniquely positioned to capture significant market share with industry-leading lending rates Lending Options The Safe Harbor Financial Four Ways to Lend Competitive Advantages 1. Lower cost of funds utilizing our own deposit base; allowing for reasonable rates > 10-15%
Slide 18: In 10th Year of Success
In 10* Year of Success Network published First-to-market advantage, creating a exclusion work HEA ‘, a az Sas Ene oe Z Taunened national leadership position Cashless ATM & EennaDis proprietary closed loop banking book Licensing ‘software Created Attorneys Stressing Assisting nboarding & General comp
Slide 19: Officers
Officers — Asare Cc bis E i Matt Heap SUNDIE SEEFRIED TYLER BEUERLEIN DONNIE EMMI » Chief Executive Officer Chief Strategic Business Chief Legal Officer Development Offer “Cannabis Experience since 2009 + Cannabis Experience since 2014 * Cannabis Experience since 2013 * Managing Partner of Hunsaker
Slide 20: Directors
Directors RICHARD CARLETON CEO, Canadian Securities Exchange JENNIFER MEYERS CFO, Partner Colorado Credit Union JONATHAN SUMMERS Chairman, Billion Pairs Genetic Corp. and EXMceuticals JOHN DARWIN Co-CEO, Luminous Capital USA, Inc. FRED NEIHAUS. Managing Partner, Interactive Global Solutions KARL RAC
Slide 21: Thank You
THANK YOU April 2024 Investor Presentation NASDAQ:SHFS
Slide 22: April 2024
April 2024 Investor Presentation NASDAQ:SHFS
Slide 23: Capitalization Overview
Capitalization Overview Company SHF Holdings, Inc. Ticker NASDAQ: SHFS Stock Price* $0.97 Market Cap (millions)* $53,092 52 week High and Low* $1.55 - $0.33 Average Volume* 89,567 “Aso Apo 1, 2024 dated apa, 2028 Capitalization Share Structure (millions) Common Shares Outstanding (1) 54.56 Fully Dil
Slide 24: Reconciliation of Revenue on slide to as reported revenue
Reconciliation of Revenue on slide 9 to as reported revenue Depository Fees $1,884,616 $2,245,831 $2,557,410 $2,233,203 $1,578,501 Investment Income $1,184,647 $1,417,152 $1,420,542 $1,186,246 $1,820,896 Interest Income $468,048 $466,293, $604,381 $906,213 $995,547 Program/Other Income $38,295 $51,1