Coincheck Group N.V. · NASDAQ:CNCK
Coincheck — SPAC Merger (March 2022)
17 slides from Coincheck's SPAC merger presentation, March 2022
Slide 1: Investor Presentation
Investor Presentation March 2022 1
Slide 2: Disclaimer
Disclaimer About this Presentation This presentation relates to a proposed business combination (the “Business Combination”) between Coincheck Group B.V. (“CCG”), which will be a holding company of Coincheck, Inc. (the “Company”) and Thunder Bridge Capital Partners Ⅳ, Inc. (“THCP”). The information
Slide 3: Overview
Overview Coincheck, Inc. – a subsidiary of Japan’s Monex Group – Enters Definitive Merger Agreement with Thunder Bridge Capital Partners IV, Inc. Coincheck is one of the largest multi-cryptocurrency marketplaces and digital asset exchanges in Japan, with approximately 1.5 million verified customer
Slide 4: Largest Crypto Exchange and Digital Asset Platform in Japan
Largest Crypto Exchange and Digital Asset Platform in Japan The Coincheck Opportunity Providing Japanese Customers & Institutions with Direct Access to the Global Crypto Economy Strong track record of growth Broad Product Set and “first crypto account” status Dedicated crypto exchange for retail c
Slide 5: Combination Creates a Digital Platform Focused on Global Growth
Combination Creates a Digital Platform Focused on Global Growth Post-Merger Structure Overview Provides public market access for Coincheck, supporting the funding of continued growth and product expansion Other THCP Monex existing Coincheck Sponsor shareholders shareholders Ability to enhance hi
Slide 6: Coincheck is a Compelling Digital Asset Platform
Coincheck is a Compelling Digital Asset Platform Well-Positioned in a Large and Rapidly Growing Market Established Leader Operating at Scale in Japan’s Highly Regulated Market Young, Highly-Engaged Loyal Customer Base Track Record of Continued Innovation & Leadership Significant Growth Potential thr
Slide 7: The Japanese Crypto Economy is Primed for Rapid Growth
The Japanese Crypto Economy is Primed for Rapid Growth… …and Coincheck is at the forefront of the growth User growth Crypto innovation Regulatory advancements Continued retail participation and increased Recent wave of crypto adoption fueled by growth corporate and institutional uptake in new vertic
Slide 8: Large and Attractive Market in Early Stages of Adoption
Large and Attractive Market in Early Stages of Adoption Japanese Crypto Penetration Massive Untapped Market Opportunity Japan is the 3rd largest global economy 125M1 ($5tn+ GDP), comprised of sophisticated and Japan Population wealthy investors Only 4% of Japanese population owns crypto (versus
Slide 9: Leader in Japan's Highly Regulated Market
Leader in Japan’s Highly Regulated Market Coincheck is a scarce asset, operating at scale Share of Japan market (by accounts)1 Share of Japan market (by app downloads)2 22% 28% 28% 38% <1% 63% 5.5M 7% 9% 12% 20% ■ Coincheck ■ GMO Coin ■ Other Japanese exchanges ■ Coincheck ■ bitFlyer ■ GMO Coin ■ Bi
Slide 10: Leading Product Portfolio amongst Japanese Competitors
Leading Product Portfolio amongst Japanese Competitors 1 Coincheck GMO Year Founded 2012 2014 2016 2014 2014 Exchange OTC / Marketplace Capabilities Utility Bills Payment Services NFTs (on-chain) NFTs (off-chain) Initial Exchange Offering C
Slide 11: Young, Highly-Engaged Loyal Customer Base
Young, Highly-Engaged Loyal Customer Base Coincheck’s platform strongly aligns with its user base, offering products and services that cater towards a young demographic Users by Age1 Customer-Centric Product Strategy Coincheck’s product and business strategy is 5% informed by its customer demographi
Slide 12: Track Record of Continued Innovation & Leadership
Track Record of Continued Innovation & Leadership Allows users to pay for utilities using BTC Drives retail engagement Launches first regulated Japanese exchange dedicated to NFTs Potential to participate as primary market issuer and secondary market trading platform Utility Bills Payment Services N
Slide 13: Large Growth Potential via Product & International Expansion
Large Growth Potential via Product & International Expansion Coincheck has identified several growth opportunities that can be pursued organically or accelerated through M&A or partnership activity Deepen Existing Offerings Broaden Digital Asset Solutions Marketplace / NFTs Web3 Institutional Financ
Slide 14: Strong Management Team to Support Regional Excellence & Global Growth
Strong Management Team to Support Regional Excellence & Global Growth Coincheck Group B.V. Broad Management Experience (Netherlands) Oki Matsumoto Gary Simanson Executive Chairman, Chief Executive Officer, Holding Company Holding Company President Vice President Coincheck, Inc. Satoshi Hasuo Koichir
Slide 15: Robust Financial Model with High Incremental Profitability
Robust Financial Model with High Incremental Profitability Strong historical growth and profitability combined with platform re-investment enables Coincheck to pursue further growth opportunities Number of accounts (M) and YoY % growth Marketplace Trading Volume ($B) +28% +48%1 1.5 $4.4 1.2 $3.8 0.9
Slide 16: Thunder Bridge Capital Partners IV Overview
Thunder Bridge Capital Partners IV Overview Deep Experience Partnering With and Advising Global Financial Technology Companies Management and Leadership Team Financial Services & Technology Expertise Deep knowledge and experience in the financial services • 30+ years of experience in executing sec
Slide 17: Monex Overview
Monex Overview Diversity Technology Innovation Globalization Crypto Asset Marketplace and Exchange Japan Online Broker Continuing focus on institutional-grade compliance US Online Broker Regulated by the Japan Financial Services Agency (JFSA) and Japan Virtual and Crypto assets Exchange Association