Bitcoin Well Inc · TSXV:BTCW
Bitcoin Well — Investor Presentation (November 2023)
15 slides from Bitcoin Well's investor presentation, Nov 13, 2023
Slide 1: Bitcoin Well Investor Presentation
BITCOIN WELL TSX.V:BTCW OTCQB:BCNWEF Updated: November 13, 2023
Slide 2: Advisories
ADVISORIES There is an offering document related to this offering that can be accessed under the issuer’s profile at www.sedar.com and at www.bitcoinwell.com. Prospective investors should read this offering document before making an investment decision. Forward-Looking Information Statements made by
Slide 3: Enable Independence
ENABLE INDEPENDANCE We couple the convenience of modern banking and the benefits of bitcoin. 3
Slide 4: What Is Bitcoin Well?
WHAT IS BITCOIN WELL? Established in 2013 2021 public markets listing - BTCW.v 2022 US public market listing - BCNWF 1) Bitcoin ATM business Started in 2013 Annual run rate - $30,000,000+ Annual growth - 11% 2) Non-custodial bitcoin portal Launched in Q4 2022 Annual run rate - $12,000,000+ 4
Slide 5: What We Do
WHAT WE DO the perfect blend BITCOIN SELF-CUSTODY MONEY bitcoin Bitcoin is sound money that individuals can custody directly, but it is difficult to use for the average person Custodial exchanges allow users to trade derivatives of bitcoin, but ignore basic bitcoin principles like usability and self
Slide 6: Where We Have Been...
WHERE WE HAVE BEEN... Existing, cash-flowing business unit since 2013 Bitcoin prices follow a cyclical pattern. In the Annual Revenue past, we've seen a "bull market" emerge roughly every 4 years. 100,000,000 80,000,000 Bull markets are caused by exponential price increases to bitcoin and create an
Slide 7: Market Cycle Strategy
MARKET CYCLE STRATEGY Bear markets are for building Improving Quarterly Adjusted EBITDA In the past year, we've made 0 significant cost cutting measures in order to maintain development 500,000 of our online portal while trending towards a positive adjusted EBITDA 1,000,000 and cash-flow position. T
Slide 8: Bitcoin ATM Growth
BITCOIN ATM GROWTH Strategic Acquisition - August 2021 Hardware agnostic - Bitcoin ATM software can be run on non-Bitcoin ATMs, allowing Bitcoin Well to expand our ATM footprint with no CAPEX (we currently operate ghostATM on 100+ ATMs that are owned by our partners) Bitcoin Well currently has 7 ATM
Slide 9: Online Bitcoin Portal Growth
ONLINE BITCOIN PORTAL GROWTH Revenue Unique users 1,400,000 10,000 1,200,000 8,000 1,000,000 800,000 6,000 600,000 4,000 400,000 2,000 200,000 0 0 Jan Feb Mar Apr May Jun Jul Aug Sept Jan Feb Mar Apr May Jun Jul Aug Sept W e a r e s e e i n g c o n s i s t e n t o n l i n e g r o w t h p r o v i n g
Slide 10: User Monetization
USER MONETIZATION Take market share, then monetize with a subscription Transactional Subscribers From transactional users to subscribers in 3 steps: 1) Acquire users with no fees and limited spread (cheapest in the country) 2) Make bitcoin as easy to use as modern banking 3) Add monthly subscription
Slide 11: Future Revenue Model
FUTURE REVENUE MODEL All the bank feel, none of the bank bull. TODAY LATER Fixed fee per transaction Eliminate all barriers to buy, sell & use bitcoin Market spread to customer Transition to subscription service Focused on driving customer growth Focused on creating customer value Transition single
Slide 12: Industry Comparison
I NDUSTRY COMPARI SON Bitcoin Well Coinbase Netcoins Big Banks Bitcoin (BTCW) (COIN) (BIGG) User control of bitcoin/money Pay bills and credit cards Buy and sell bitcoin Fiat accounts Spend bitcoin easily 12
Slide 13: The Team
THE TEAM LEADERSHIP TEAM Adam O' Brien Jason Vandenberg Founder & CEO CFO E s t a bl i s h e d l e a de r wi t h a S e a s one d f i n a n c i a l e x e c u t i v e wi t h pa s s i on f o r t e a c h i n g a bo u t t he e x pe r i e n c e i n t h e mi c r o - c a p I n v e s t o r be ne f i t s o f
Slide 14: Key Points
KEY POINTS Ecosystem of online and in-person products and services that are coupling the benefits of bitcoin with the convenience of modern banking Well established cash-flowing Bitcoin ATM business supports accretive future growth Experienced leadership and Board of Directors with a collective 40+
Slide 15: Contact
ir@bitcoinwell.com | bitcoinwell.com/investors 1:1 with our CEO @ bitcoinwell.com/meet-adam