Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — Q3 2021 Earnings Presentation
30 slides from Huddlestock Fintech As's earnings presentation, Nov 18, 2021
Slide 1: Presentation of Q3 2021 results
Presentation of Q3 2021 results Stavanger, 18 November 2021 Democratizing Wealth Management
Slide 2: Disclaimer re forward looking statements
Disclaimer re forward looking statements Disclaimer re forward looking statements This presentation speaks only as of their date, and the views expressed are subject to change based on a number of factors, including, without limitation, macroeconomic and equity market conditions, investor attitude a
Slide 3: Agenda
Agenda 1 CEO update 2 Spotlight on the wealth management market 3 Quarterly financial update 4 Q&A 5 Annexes
Slide 4: 1. CEO update
1. CEO update Øyvind Hovland, Chairman John E. Skajem, Group CEO
Slide 5: Huddlestock Fintech – The Equity Story
Huddlestock Fintech – The Equity Story Huddlestock Fintech delivers innovative technology solutions to the capital markets, treasury and wealth management industries. Through it’s technology offering, Huddlestock offers an innovative, compliant and data-centric WealthTech SaaS, accelerating the digi
Slide 6: Highlights in Q3
Highlights in Q3 Q3 – focused on delivery and integration. • Clients and Ecosystem partners go live with Huddlestock’s Bedrock solution: Baader Bank GmbH, Aledius GmbH • Huddlestock continues to grow its client base: • Danish Export Agency, EKF, awards Huddlestock a contract to deliver the full impl
Slide 7: Technology: Indicative timelines at Q3 2021
Technology: Indicative timelines at Q3 2021 7
Slide 8: Key priorities going forward
Key priorities going forward Targeting Integrate the Visigon team into (the) Huddlestock (vision); Huddlestock Geographies 24% of top High Net Worth Individuals by AUM ($) 25 HNWI • Streamline operations and deliver on synergies from acquisition. markets • Creation of a Nordic white label solution a
Slide 9: Key figures Q3 2021 reported
Key figures Q3 2021 reported Revenues EBITDA Total Equity 6.68m -3.62m 109,1m NOK NOK NOK Reported numbers include Visigon from the close of the transaction on June 11th, 2021 9
Slide 10: Key figures 9M 2021 Pro-forma adjusted
Key figures 9M 2021 Pro-forma* adjusted** Pro-forma Revenues* Pro-forma EBITDA (adj)*/** Total Equity 30.5m -2.7m 109,1m (reported 9.71m) (reported -7,33m) NOK NOK NOK • Reported numbers include Visigon from the close of the transaction on June 11th, 2021 *Proforma numbers include Visigon’s accounts
Slide 11: Update to financial targets
Update to financial targets Targets 2021* Revenues 38-41 M • Strong client demand for additional staff in Old target was Revenues 41 M Professional Business Services resulting in higher short term cost increases • Lower revenues due to longer EBITDA -3.5-5.5 M implementation time with existing clien
Slide 12: 2. Spotlight on the wealth management market
2. Spotlight on the wealth management market Øyvind Hovland, Chairman John E. Skajem, Group CEO
Slide 13: Banking in flux
Banking in flux Banking is in flux. Competition is fierce and increasing by the day. Regulators pushing for open banking. The traditional banking model has changed, permanently. Three mega trends will lead to the development of a hyper-personalized, engaging, all-in-one application or platforms to s
Slide 14: The future of Wealth Management
The future of Wealth Management Global Wealth Market Financial assets $431trn in 2020 +26% to $315trn in 2025 The future of Wealth Management: Hyper-personalised Digitalised Client experiences Expected to grow 17% Financial assets in Europe Fee transparency to $544trn in 2025 +18% to $62.5trn in 202
Slide 15: Key value drivers
Key value drivers Sources: Huddlestock Fintech AS, EUROSTAT, Deutsche Boerse Monthly Statistics, OECD Economic Data, Exchange Data (Nasdaq, S&P, Oslo Boers) 15
Slide 16: 3. Q3 Update
3. Q3 Update Øyvind Hovland, Chairman John E. Skajem, Group CEO
Slide 17: Q3 Group Revenues
Q3 Group Revenues 3Q/9M 2021 revenues (NOKm) 9M 2021 Group pro-forma* (NOKm) • Group Revenues NOK 6,687m in Q3 Professional Business Services • Pro-forma Group Revenues of NOK 30,474m Technology for 9M* • Technology sees recurring revenue streams 29.8 picking up. • Professional Business Services con
Slide 18: Q3 Group Costs
Q3 Group Costs 9M 2021 Group pro-forma* 3Q/9M 2021 costs (NOKm) (NOKm) Professional Business Services • Group Costs NOK 14,863m in Q3 Non-recurring costs • Pro-forma Group Costs of NOK 41,25m for 9M* Technology • Personnel cost NOK7,435m. • 30 FTEs end Q3, up from 27 H1 27.9 • +10% new employees; 2
Slide 19: Q3 Group EBITDA
Q3 Group EBITDA 3Q/9M 2021 reported EBITDA vs 2019/20 9M 2021 adj. EBITDA Pro-forma (NOKm) (NOKm) • Reported group EBITDA NOK -3.620m in Q3 0 1 -1.4 • Proforma reported group EBITDA NOK -2.7m for 9M* (ex one-off and integration costs) -2 -3.6 0 • Costs NOK 14,863m in Q3 -5.7 -5.3 -1.1 1.5 • Personne
Slide 20: Technology: Q3 revenues
Technology: Q3 revenues Q3 – focused on delivering recurring revenues. • Reported revenues NOK 0.1 m in Q3 Technology 3Q/9M 2021 revenues (NOKm) • Proforma revenues of NOK 0.7 m at 9M, • 95% of Q3 revenues recurring and growing 0.7 • Clients and Ecosystem partners go live with Huddlestock’s Bedrock
Slide 21: Professional Business Services: Q3 revenues
Professional Business Services: Q3 revenues Solid revenue and EBITDA contribution from Huddlestock’s Expert Professional Business Services segment in Q3 Professional Business Services revenues 9M 2021 (NOKm) • Reported revenues of NOK 6.687m in Q3 • Proforma revenues of NOK 29.9 m at 9M* 35 • Strong
Slide 22: Q&A
Q&A Best Fintech IPO Nordics 2020
Slide 23: Annexes
Annexes hddlestock
Slide 24: Income Statement Q3 2021 (Reported and Pro-forma)
Income Statement Q3 2021 (Reported and Pro-forma) 9M 2021 9M 2021 3Q21 3Q20 2020 2019 Consolidated income statement (in NOK) Reported* Pro-forma Operating income Other operating income 6,686,770 9,711,744 30,533,131 0 225,000 0 Total operating income 6,686,770 9,711,744 30,533,131 0 225,000 0 Operat
Slide 25: Cash Flow Statement Q3 2021 (Reported)
Cash Flow Statement Q3 2021 (Reported) Consolidated statement of cash flows (in NOK) 9M 2021 1H21 Consolidated statement of cash flows (in NOK) 9M 2021 1H21 Cash flows from operating activities Cash flows from financing activities Profit (loss) before tax -14,811,388 -5,145,052 Proceeds from capital
Slide 26: Balance Sheet Q3 2021 (Reported)
Balance Sheet Q3 2021 (Reported) Consolidated Financial position (in NOK) 9M 2021 1H21 2020 Consolidated Financial position (in NOK) 9M 2021 1H21 2020 ASSETS Equity Intangible assets Paid-in capital Research and development 22,545,912 21,072,380 19,308,254 Share capital 226,675 226,675 208,371 Goodw
Slide 27: Ownership (as of November 2021)
Ownership (as of 15 November 2021) *Shareholders as of 15 November 2021. Note shareholder 1 and 2 hold shares through two different vehicles as disclosed above. 27
Slide 28: Thank you!
investorrelations@huddlestock.com Thank you! Accompanying you in the Nordics, across Europe and Asia.
Slide 29: Full disclaimer
Full disclaimer Full disclaimer This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentatio
Slide 30: Full disclaimer continued
Full disclaimer Full disclaimer continued Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with re
Huddlestock Fintech AS — Q3 2021 Earnings Presentation on 6ix