Slide 1: WisdomTree is Delivering for Stockholders
May 2024 WisdomTree is Delivering for Stockholders
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable
Slide 3: WisdomTree is Delivering for Our Stockholders
WisdomTree is Delivering for Our Stockholders Stock Price Performance and Financial Realizing Potential Across Digital Assets Significant Enhancements to Corporate Results Indicate Strategy is Delivering and a Blockchain-enabled Portfolio Governance with the Right Leadership to Stockholder Value Ove
Slide 4: Best in Class Performance: Highlights Since WisdomTree's 2023 Annual Meeting
Best in Class Performance: Highlights Since WisdomTree’s 2023 Annual Meeting Since June 2023, WisdomTree has continued outperforming against its peer group across several key financial, operating and trading metrics Peer Average(1) WT Outperformance vs. Peers Q1’24 YoY ✓ Record AUM of $107.2bn as of
Slide 5: Our Disciplined and Innovative Efforts Have Been Well Received by the Market
Our Disciplined and Innovative Efforts Have Been Well Received by the Market Total Shareholder Return appreciation relative to peers reflects our positive momentum and growth trajectory Total Shareholder Return YTD 1 Year 2 Years 3 Years 4 Years 5 Years 54% 67% 115% 95% 279% 230% 41% 46% 80% 50% 276
Slide 6: WisdomTree's Refreshed and Diverse Board is Overseeing Continued Growth and Transformation
WisdomTree’s Refreshed and Diverse Board is Overseeing the Company’s Continued Growth and Transformation Without the three directors targeted this year by ETFS Capital, the average tenure of our Board would be only 1.6 years. Directors with institutional knowledge are needed to continue to drive our
Slide 7: Win Neuger and Anthony Bossone Bring Deep Institutional Knowledge
Win Neuger and Anthony Bossone Bring Deep Institutional Knowledge While Providing Governance and Financial Expertise to Our Board Win Neuger’s and Anthony Bossone’s institutional knowledge and experience, combined with fresh perspectives from newer Board members, provide the Board with the right mix
Slide 8: Jonathan Steinberg is a Visionary Leader Whose Guidance is Crucial
Jonathan Steinberg is a Visionary Leader Whose Guidance is Crucial to Unlocking Stockholder Value Recent Stock Purchases with Personal Funds Demonstrates Our CEO Provides Clear Leadership and Invaluable Expertise Conviction in Our Strategy Jonathan Steinberg WisdomTree CEO Jonathan Steinberg Bought
Slide 9: Executive Pay Tightly Aligned with Outcomes for Stockholders
Executive Pay Tightly Aligned with Outcomes for Stockholders During 2023, WisdomTree performed well against key quantitative metrics on an absolute basis and relative to peers, including net inflows, total revenues, operating margins and relative TSR, and compensated our executives based on this per
Slide 10: We Have Continued to Extensively Engage With ETFS Capital Since 2018
We Have Continued to Extensively Engage With ETFS Capital Since 2018 Despite ETFS Capital’s repeated attempts to remove valuable directors of the Board, we constructively engaged with them. We have had 40+ meetings and calls with ETFS Capital, the Board and management and participation in our OSCO p
Slide 11: Our Board is Open to All Ways to Enhance Stockholder Value
Our Board is Open to All Ways to Enhance Stockholder Value, But Believes Our Strategy Will Create More Value Than a Forced Sale Process Today ✓ The Board regularly reviews and evaluates the Company and is always open to value-maximizing opportunities. Given our multi-year trajectory of best-in-class
Slide 12: ETFS Capital Fails to Recognize the Industry is Already Shifting
ETFS Capital Fails to Recognize the Industry is Already Shifting WisdomTree is investing today to be an early mover and take advantage in the future of tokenization. BlackRock has similar conviction ETFS Capital Compares WisdomTree to BlackRock Slide 54 of ETFS Graham Tuckwell gives WisdomTree the g
Slide 13: ETFS Capital's Myths vs. WisdomTree's Facts
ETFS Capital’s Myths vs. WisdomTree’s Facts ETFS Capital’s Myths The Facts ✓ Over three consecutive years of positive inflows, and our fee capture on flows is 2x greater in 2023 vs. 2022 The core ETF business has been poorly managed ✓ 5 of 8 research analysts rate WT a “BUY” ✓ Best-in-class organi
Slide 14: Our Stockholder Rights Plan was Extended to Protect Stockholders
DRAFT – For Discussion Purposes Only Our Stockholder Rights Plan was Extended to Protect Stockholders from Aggressive Accumulation Tactics The Stockholder Rights Plan we recently extended protects WisdomTree and its stockholders from a group or single stockholder taking creeping control of WisdomTre
Slide 15: Vote the WHITE Proxy Card FOR WisdomTree's Nominees
It is Time to Send Graham Tuckwell a Clear Message – Enough is Enough Vote the WHITE Proxy Card FOR WisdomTree’s Nominees IMPORTANT VOTE FOR: Lynn S. Blake Shamla Naidoo Anthony Bossone Win Neuger Smita Conjeevaram Tonia Pankopf Rilla Delorier Jonathan Steinberg Daniela Mielke ✓ Ratification of th
Slide 16: Appendix
Appendix WisdomTree – May 2024 16
Slide 17: Who is WisdomTree: A Differentiated and Innovative ETP Platform
Who is WisdomTree: A Differentiated and Innovative ETP Platform Poised for Innovation and Growth We have built a diversified and differentiated product suite with industry leading revenue generation capabilities Footprint Global Presence and Innovation AUM by Product Type <1% 2% HEDJ + DXJ $107.2bn
Slide 18: Mr. Tuckwell's Claims are False and Misleading (Operating Margins and Market Share)
Mr. Tuckwell’s Claims are False and Misleading (Operating Margins and Market Share) Adjusted Operating Margins ETF Market Share (USA) + Mr. Tuckwell’s claim that WT’s operating margin should be 40%-45% is + Mr. Tuckwell falsely claims that our focus on digital assets has resulted in a loss of unsupp
Slide 19: We Have a Demonstrated Track Record of Enhancing our Governance and Strategy
We Have a Demonstrated Track Record of Enhancing our Governance and Strategy WisdomTree continues to make ongoing enhancements to our corporate governance structure Corporate Governance Enhancements Aligned with Practice Corporate Governance + Added 6 new independent directors since 2021, Best Pract
Slide 20: WisdomTree's Board Has the Right Mix of Expertise, Experience and Diversity
WisdomTree’s Board Has the Right Mix of Expertise, Experience and Diversity 67% of WisdomTree’s directors and nominees are female and 22% are racially diverse, above and in-line with public board averages of 33% and 24%, respectively, and 100% of directors and nominees added since 2021 are diverse (
Slide 21: Non-GAAP Financial Measurements
Non-GAAP Financial Measurements + In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when e
Slide 22: Non-GAAP Reconciliation to GAAP Results
Non-GAAP Reconciliation to GAAP Results Three Months Ended Three Months Ended ($ in thousands) Mar. 31 Dec. 31 Sept. 30 June 30 Mar. 31 ($ in thousands) Mar. 31 Dec. 31 Sept. 30 June 30 Mar. 31 Unaudited 2024 2023 2023 2023 2023 Unaudited 2024 2023 2023 2023 2023 Adjusted net income and diluted earn
Slide 23: Reconciliation of US GAAP to Non-GAAP results
Reconciliation of US GAAP to Non-GAAP results QTD Mar. 31 Gain on Sec. Owned Gain on Inv. DTA Val. Allow Activist Campaign Exp. Imputed Interest Tax Windfalls Non-GAAP US GAAP Revenues Advisory fees $92,501 - - - - - - $92,501 Other income 4,337 - - - - - - 4,337 Total revenues 96,838 - - - - - - 96