Green Dot Corporation · NYSE:GDOT
Green Dot — William Blair & Company Conference 2019
13 slides from Green Dot's conference presentation, Jun 5, 2019
Slide 1: William Blair & Company Conference
William Blair & Company Conference Investment in growth and financial outlook June 05, 2019 1 © 2003-2019 Green Dot Corporation
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-Looking Statements This presentation contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding our future performance and re
Slide 3: Green Dot overview
We are a financial technology leader and bank holding company with a mission to power the banking industry’s branchless future Massive market opportunity with 120 million consumers in the U.S. aged 18 to 50 Our product and platform business model powers a unique set of distribution channels Green Do
Slide 4: We are a product and platform company
We are a product and platform company Platform Products Market ~120M U.S. population aged 18 to 50 Card Payment programs solutions End to end agile platform offering Our platform serves our own suite Currently have 6 million active both scale and reliability of banking solutions as well as accounts
Slide 5: BaaS partner products
BaaS partner products We create, design, develop and distribute a fully-hosted, custom digital banking app and debit card. This white label solution is the fastest way for our BaaS partners to offer a branded consumer banking solution without the expense or time of building the technology. and more…
Slide 6: 2019 six step plan
2019 six step plan Launch two new innovative and exciting products Increase purchase volume and attract a more committed customer base Build and release BaaS 3.0 and 4.0 Broaden BaaS partnerships with our bank operating system (bOS) Continue to improve and scale our operating infrastructure Accretiv
Slide 7: Long-term growth strategy
Long-term growth strategy SDK Issuing more branded account Enrolling more BaaS partners Expanding the TAM of potential Developing and offering new products to an increasingly that, together, are expected to BaaS partners to extend into the kinds of products and services large TAM of potential genera
Slide 8: We are investing in growth
We are investing in growth In 2018, we produced over $1 billion in total non-GAAP operating revenues, marking multiple Consistent top and years of consecutive top-line double-digit growth. Since 2016, we’ve generated a 50% CAGR on bottom-line results non-GAAP EPS Strong margins, We’ve generated over
Slide 9: Active account trends
Active account trends Our long term strategies have been working to increase total active accounts and the total number of direct deposit accounts as a mix of total actives. But softness in non-direct deposit actives is posing a headwind to top line growth that we intend to reverse with the introduc
Slide 10: Improving quantity and quality
Improving quantity and quality Despite active account growth of only 1% year-over-year in Q1 2019, our direct deposit active accounts and the success of our BaaS partnerships has powered double-digit growth in gross dollar volume and purchase volume in our Account Services segment. Purchase Volume G
Slide 11: Outlook for Q2
Outlook for Q2 Q2 ‘19 Non-GAAP total operating revenues* ~$261M YoY change + 3% Adjusted EBITDA ~$60M YoY change - 5% Non-GAAP EPS ~$0.67 YoY change - 9% * Expected revenue from deals not yet signed and announced is not included in this forecast. NOTE: Reconciliations of total operating revenues to
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of Forward Looking Guidance for Non-GAAP Financial Measures to Projected Non-GAAP Total Operating Revenues 1 Q2 2019 (In millions) Total operating revenues $ 276 Net revenue adjustments 2 (15) Non-GAAP total operating revenues $ 261 Reconciliation of Forward L
Slide 13: Non-GAAP Reconciliation Notes
Non-GAAP Reconciliation Notes 1) To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the Company uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. These financial measures are not calculated