Webull Corporation · NASDAQ:BULL
Webull — SPAC Merger (February 2024)
30 slides from Webull's SPAC merger presentation, Feb 28, 2024
Slide 1: Webull Corporation: Investor Presentation February 2024
Exhibit 99.2 Webull Corporation: Investor Presentation February 2024
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, REPRODUCTION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR IN OR INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, REPRODUCTION, PUBLICATION OR DISTRIBUTION IS
Slide 3: Disclaimer (cont'd): Forward-Looking Statements
Disclaimer (cont’d) Forward-Looking Statements. Certain statements included in this Presentation are forward-looking statements. All statements other than statements of historical fact contained in this Presentation, including statements as to future results of operations and financial position, pla
Slide 4: Disclaimer (cont'd): Additional Information
Disclaimer (cont’d) Additional Information. In connection with the Transaction, the SPAC and the Company intend to cause a registration statement on Form F-4 to be filed with the SEC, which will include a proxy statement to be distributed to SPAC’s shareholders in connection with SPAC’s solicitation
Slide 5: Vision Statement
Vision Statement We strive to be the platform of choice for a new generation of investors by building an efficient, low- cost, and easy-to-use global investment platform 4
Slide 6: Today's Presenters
Today’s Presenters Anthony Denier H.C. Wang Richard Chin Derek Jensen President & Director CFO & Director CEO & Director CFO & Director 5
Slide 7: Blue-Chip Sponsorship and Full Alignment
Blue-Chip Sponsorship and Full Alignment SK Group Highlights SK Growth Opportunities nd 92 $150.9B 70 Corporation (NASDAQ: SKGR) On the Fortune Global Years Operating 2 4 • President at SK hynix and Head of Global Development Global 500 List Revenue History Group, led the development and execution o
Slide 8: Investment Highlights
Investment Highlights 1 ✓ 20M registered users globally 1 ✓ Licensed as broker-dealer in 10 major markets globally Leading Digital Trading Platform ✓ $371B in equity notional volumes and 430M options contracts traded through 2 the Webull platform annually 1 ✓ Advanced market data and charting tools
Slide 9: Company Overview
Company Overview 1
Slide 10: Who We Are
Who We Are A leading digital investment platform built upon a next-generation, global infrastructure Trading Learning Invest in stocks, ETFs, options, and more Stay informed with the latest news and market data, learn through practice, and share with other investors Stocks OTC Options Chart & Tools
Slide 11: Our Journey: Key Milestones
Our Journey = Key Milestones Agreed to acquire HH Picchioni CCVM in Brazil Raised Series D Round Acquired Flink in Mexico Launched trading services in UK Raised Series C Round Launched trading services in Japan Launched trading services in Australia Number of funded accounts exceeded 1M Webull was f
Slide 12: Webull Today
Webull Today 98% +22% Quarterly retention 40M+ rate for funded 4 1 accounts Downloads Globally 19.8M Cumulative 1 registered users 430M 627K Options 2,3 DARTs Contracts +15% +38% 2 Traded 4.3M $8.2B 1 2 Funded Accounts Customer Assets US$371B 2 Equity Notional Volumes = Year-over-Year Growth 1 As of
Slide 13: Global Operation Led by Highly Experienced Management Team
Global Operation Led by Highly Experienced Management Team Global Management Team 15 10 40M+ 800+ 1 1 1 1 Operating Regions Licensed Markets Downloads Globally Number of Employees Anquan Wang Anthony Denier Founder, CEO & Director President & Director London Toronto H.C. Wang Ben James New York Toky
Slide 14: Proven Platform Supported by Global Customers, Shareholders and Business Partners
E u r o p e a n I n v e s t o r s s r o t s e Proven Platform Supported by Global Customers, Shareholders and Business Partners Global Customers Global Shareholders Global Business Partners “Webull has been a great partner to “…loving the service and Benzinga and Benzinga continues to go “Citadel Se
Slide 15: Awards and Recognition
Awards and Recognition 2023 | US 2023 | US 2023 | HK 2023 | AU Best in Class for Investor Best Low-Cost Best Online Brokers in Best Platform for Day Community for 2023 US Broker 2023 Trading Stockbrokers Annual Review Global Brokerage Awards BrokerChooser Awards 2023 Finder, Australia 2023 | UK 2023
Slide 16: Trends in Our Favor
Trends in Our Favor Accelerating Growth Ahead Digital Engagement Increasing Retail Participation 1 Accessibility of Financial Information 2 Globalization of Retail Investing 3 15
Slide 17: Customers and Community
Customers and Community 2
Slide 18: Opportunities: Redefine Financial Services for Young Investors
Opportunities: Redefine Financial Services for Young Investors Our Potential Client Base Our Opportunities 4 Equity Notional Volumes Who Trade with Mobile App 44% of Overall Retail Investors 3 c. 23% From Retail Investors 78% of Retail Investors Aged 18-34 92M 1 Millennials 2022 2018 5 Global Tradin
Slide 19: Mobile-First, Community Focused
Mobile-First, Community Focused 1 Highest App Rating among Peers 296K Ratings 4.7 out of 5 Speaks the language of our customers 151K Ratings 4.6 out of 5 Learning Investing Focused on product Sharing 4.5 out of 5 121K Ratings innovation 6.6K Ratings 4.4 out of 5 Seamless trading Our Philosophy exper
Slide 20: Connected Community Where Users Learn from Each Other
Connected Community Where Users Learn from Each Other and The Platform to Grow Their Investing Knowledge “New Age” Investor Education Platform Accumulates User- Generated Content 2.2M+ (UGC) Users have contributed 1 to conversation Increases User Activity on the Platform 58% Investor Education Pract
Slide 21: Product & Technology
3 Product & Technology Webull
Slide 22: Training Camp
© Webuil smart Advisor Training Camp Defensive
Slide 23: Webull Products are Designed with Experienced Traders in Mind
Webull Products are Designed with Experienced Traders in Mind Professional Partnerships Option Multiple-leg Strategies High Level Market Data LV2, 50 Best Bids, CSMI INDX More than 1,500 Indices include SPX Most values Multiple Terminals Index Values and VIX updated every 15 Desktop, iPad Available
Slide 24: Sleek, Convenient, and User-Friendly Interface
Sleek, Convenient, and User-Friendly Interface Desktop Native Mobile App Web Platform Native App Presence Comprehensive and Intuitive Mobile App Functions Customized Interfaces 23
Slide 25: Advanced Market Data and Charting Tools
Advanced Market Data and Charting Tools Desktop App Technical Indicators Mobile App Charting Tools Alligator Relative Strength Index Moving Average Convergence / Divergence Fibonacci Tool Exponential Moving Average Moving Average Ichimoku Cloud Multiple Charting Tools 50 Technical Indicators Availab
Slide 26: Professional-Grade Trading Experience
Professional-Grade Trading Experience Enjoy customizable trading widgets to tailor your Variety of order types to execute trades trading interface to your preferences via the desktop with precision and flexibility app, mobile app, and web-based application Multiple Order Types Customizable Trading W
Slide 27: Centralized Platform, Localized Implementation
Centralized Platform, Localized Implementation Webull’s DNA is Multi-country by Design Flexible Operating Automation Flexible Operating Automation Container Infrastructure Enhanced User Cloud-based Multiple Localized Experience and Servers Operating Efficiency Upgrades Released Stability Security Sc
Slide 28: Transaction Overview
Transaction Overview 4
Slide 29: Transaction Overview
Transaction Overview Transaction Highlights Sources and Uses Valuation Sources ($M) Uses ($M) • $7,287M enterprise value to market • Implied pro-forma market capitalization of $7,852M Webull Rollover $7,700 Equity to Webull $7,700 Financing SPAC Trust Account 1 100 Cash to Balance Sheet 85 Proceeds
Slide 30: Risk Factors
Risk Factors Risks Relating to Webull’s Business and Industry • We have a limited operating history and our historical operating and financial results are not necessarily indicative of future performance, which makes it difficult to predict our future business prospects and financial performance. •