Exodus Movement, Inc. · AMEX:EXOD
Exodus Movement — Q3 2024 Earnings Presentation
18 slides from Exodus Movement's earnings presentation, 2024
Slide 1: Exodus Movement, Inc. Investor Presentation Q3 2024
Exodus Movement, Inc. Investor Presentation Q3 2024 1 of 18 1   -
Slide 2: Forward looking statements
Forward looking statements This presentation contains “fo ward-looking statements” as that te m is defined by the federal secu ities laws. All fo ward-looking statements are based upon our cu rent expectations and va ious assumptions and apply only as of the date made. Our expectations, beliefs, and
Slide 3: Exodus Mission
Exodus Mission Empowering individuals to control their lives in a digital world 3 of 18
Slide 4: Exodus is a premier self-custodial, multichain digital wallet
Exodus is a premier self-custodial, multichain digital wallet that makes cryptocurrency, DeFi and NFTs easy and secure for everyone Founded in 2015, headquartered in Omaha, NE API provider cumulative stats as of September 30, 2024 200 Full-time equivalent team members OTC Markets-listed stock, ticke
Slide 5: Financial highlights
Financial highlights Revenue Strong operating model $95.8M Operating model that is durable in bear markets and $26.4M delivers growth in bull markets $71.5M Efficient user acquisition $56.2M $50.6M User acquisition mainly through word-of-mouth, social $18.5M $11.2M media, high quality YouTube channe
Slide 6: Investment highlights
Investment highlights Large Differentiated Transparency and Strong addressable market product offering governance growth catalysts 580M + people invest in Self-custody gives users full Regulation A issuer in 2021 Expanding partnership crypto globally 1 control of their digital assets channels enable
Slide 7: Benefits of decentralized finance and blockchain technology
Benefits of decentralized finance and blockchain technology Traditional Finance Decentralized finance and blockchain · Managed by centralized banks · Blockchain technology provides open access · Gove nments can p int money and d ive · Cryptocurrencies like bitcoin have inflation finite supply · No i
Slide 8: A wallet for all your digital asset needs
A wallet for all your digital asset needs Other digital wallets Exodus Advantages · Customers’ private keys are controlled · Self-custody gives users control of their own by a third-party, sometimes a centralized digital assets exchange, which come with risks of · Private keys are only stored on use
Slide 9: The Exodus platform brings together API providers
The Exodus platform brings together API providers that offer users competitive pricing, liquidity and order fulfillment time Staking 1 Stake digital assets to earn rewards Fiat onboarding 1 Buy digital assets with fiat currency Digital asset exchanging platforms 1 Staking and fiat onboarding service
Slide 10: Exodus partnerships and Passkeys product
Exodus partnerships and Passkeys product provides web3 platforms with our technological innovation to grow their own businesses Magic Eden Passkeys Our Magic Eden partnership enables their customers access Passkeys is a powerful tool that allows developers to easily to our fiat onboarding and exchan
Slide 11: Visionary leadership
Visionary leadership JP Richardson Daniel Castagnoli Co-Founder and chief executive officer Co-Founder and president of 3Zero JP’s passion for cryptocurrency and belief in a better From subtle sounds to smooth animations, Daniel and financial system set the stage for founding Exodus with his team ta
Slide 12: Corporate governance
Corporate governance Reviewed by independent Audit Committee composed registered Big Four public SEC reporting company entirely of independent directors accounting firm Board of Directors JP Richardson Daniel Castagnoli Co-Founder and CEO Co-Founder and president of 3Zero Audit Committee Margaret Kn
Slide 13: Revenue model
Revenue model 2024 REVENUE BREAKOUT Nine months ended September 30, 2024 Exodus users 2/3 of Exodus users are international Exchange aggregation revenue ~91% Revenue Revenue is generated from third-party API providers; Exodus does not touch user funds Transaction fees International transaction fees
Slide 14: Revenue by category
Revenue by category Revenue % of 2024 % of 2023 Q3 2024 Q3 2023 ($in millions) (Operating revenue) (Operating revenue) Exchange aggregation $18.1 90.1% $11.2 93.7% Fiat onboarding 0.9 4.2% 0.6 4.8% Staking 0.5 2.4% 0.2 1.4% Consulting 0.3 1.5% - - Other 0.3 1.8% 0.1 0.1% Operating revenues $20.1 100
Slide 15: Revenue, total exchange provider processed volume, and MAUs
Revenue, total exchange provider processed volume, and MAUs Revenue Key metrics Revenue is primarily driven by exchange provider processed volume $29.1M Exchange provider processed volume was $0.96 billion in Q3 2024, up 69% from $0.57 billion in Q3 2023 $22.3M $20.1M Bitcoin, Tether TRX Network), T
Slide 16: Operating income demonstrates strong operating performance
Operating income demonstrates strong operating performance Revenue $20.1M $71.5M Cost of revenue -$11.3M -$32.8M G&A -$8.5M -$25.6M (Loss) Gain on digital assets $-0.4M $39.2M Operating Income $-0.1M $52.3M $0 $0 Q3 2024 YTD 2024 YTD as of September 30, 2024; New mark to market accounting rules have
Slide 17: Healthy balance sheet
Healthy balance sheet As of September 30, 2024 CASH, TREASURY BILLS, AND DIGITAL ASSETS $ in millions) ~$195 million Bitcoin (BTC) $114.0M US Treasury bills $43.2M Cash, cash equivalents, restricted cash, & USDC $26.6M Ethereum (ETH) $6.8M Other digital assets $4.0M 17 of 18 (
Slide 18: Catalysts for growth
Catalysts for growth Expansion of partner channels Market growth to drive more users to Exchange Aggregator technology signals increasing mainstream adoption of crypto globally Expansion of fiat onboarding Potential appreciation to drive more users onto web3 of Bitcoin, Ethereum and other cryptocurr