Lm Funding America, Inc. · NASDAQ:LMFA
Lm Funding America — Investor Presentation (June 2023)
19 slides from Lm Funding America's investor presentation, Jun 6, 2023
Slide 1: Bitcoin Mining and Specialty Finance Investor Presentation
Bitcoin Mining and Specialty Finance Investor Presentation June 2023 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended t
Slide 3: Investment Highlights
Investment Highlights Total Equity of $44 million with per share book value of $3.36 as of March 31, 2023 Continue to execute on Bitcoin mining strategy; currently have approximately 5,000 miners, electrified and actively mining Bitcoin, providing the Company with approximately 520 petahash of minin
Slide 4: LM Funding America: Our Management
LM Funding America: Our Management Bruce Rodgers, Founder, Chief Executive Officer & President Former Chairman and CEO of LMF Acquisition Opportunities, Inc. (Nasdaq:LMAO now ICU) Entrepreneur developed business model and led LMFA through multiple private fundraising rounds leading to IPO in 2015 Le
Slide 5: Why Bitcoin? Trust(lessness)
Why Bitcoin? “Trust(lessness)” Bitcoin is a new technology enabling decentralized transactions between parties not requiring an intermediary bank or institution.
Slide 6: LMFA's Bitcoin Mining Strategy
LMFA’s Bitcoin Mining Strategy Access to lower cost of capital as a public company Wholesale purchase of miners directly from the manufacturer Secure latest generation of miners at the lowest possible cost Total miners owned uses less than avg. 28 joules per terahash Commodity driven Contract with b
Slide 7: Asset Acquisition Strategy
Asset Acquisition Strategy Volatility in the market has created significant opportunities to acquire distressed mining assets at attractive prices Contract to purchase mining machines with the current supplier includes variable pricing pegged in part to the price of Bitcoin Since contracting to purc
Slide 8: Current Bitcoin Environment
Current Bitcoin Environment FASB proposal-- impairment versus mark to value Bitcoin regulated by CFTC as a commodity due to decentralized structure Bank financing for Bitcoin Miners non-existent White House Proposed 30% tax on Bitcoin Mining energy consumption 2024 Halving reduces mining reward from
Slide 9: Halving
Halving Bitcoin halving is an event where the reward for mining new Bitcoin blocks is cut in half, resulting in miners receiving 50% fewer Bitcoins for verifying transactions. Bitcoin halving occurs every 210,000 blocks which translate to approximately every 4 years. Next halvings are estimated(1):
Slide 10: LMFA Halving Strategy
LMFA Halving Strategy Infrastructure Light Acquire most efficient miners – 24 joules/TH Flexible hosting contracts Minimize operational losses Renew hosting contracts post halving https://crypto.com/university/what-is-bitcoin-halving
Slide 11: Recent Digital Mining Events
Expanded a hosting contract with Core Scientific for Core to host an additional 1,400 of the Company’s Bitcoin mining machines, bringing the total number of machines hosted by Core to approximately 4,430 Signed a new contract to host 500 of its Bitcoin mining machines with Aspen Creek Digital Corpor
Slide 12: Bitcoin Operational Activities
Bitcoin Operational Activities Recent shift in focus towards Bitcoin mining is transforming the Company for the future
Slide 13: Bitcoin Mining Activities
Bitcoin Mining Activities Bitcoin strategy is to sell bitcoin for: working capital purposes acquire more Bitmain machines HODL excess Bitcoins March 31, 2022 Dec 31, 2022 March 31, 2023 Bitcoin Balance - 54.9 83.6 March 31, 2022 Dec 31, 2022 March 31, 2023 Beginning of Year 54.9 Production of Bitcoi
Slide 14: Symbiont Asset Acquisition
Symbiont Asset Acquisition Acquired the assets of Symbiont, including those related to its Assembly™ financial services blockchain enterprise platform. Symbiont Assembly™ is a blockchain platform for building and running decentralized applications called “smart contracts Plan to pursue joint venture
Slide 15: Specialty Finance & Association Collections
The Company began in 2008 with a focus on specialty finance – providing funding to nonprofit community associations primarily located in the state of Florida Offer incorporated nonprofit community associations a variety of financial products customized to each association’s financial needs Provide f
Slide 16: Financial Results
Reflects $2.1 million of BTC revenue BTC mining costs of $1.7 million. Stock Compensation declined to $0.2 million in 2023 from $3.6 million in 2022. Realized gain on sale of digital assets of $0.5 million is reported in Operating expenses in 2023 as an offset. SeaStar Medical unrealized loss of $5.
Slide 17: Core EBITDA (Non-GAAP)
Core EBITDA (Non-GAAP) Our reported results are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We also disclose Earnings before Interest, Depreciation and Amortization ("EBITDA") and Core Earnings before Interest, Depreciation and Amortization ("Core EBITDA") wh
Slide 18: Investment Highlights
Investment Highlights Total Equity of $44 million with per share book value of $3.36 as of March 31, 2023 Continue to execute on Bitcoin mining strategy; currently have approximately 5,000 miners, electrified and actively mining Bitcoin, providing the Company with approximately 520 petahash of minin
Slide 19: Contact Us
Contact Us LM Funding Contact: Bruce M. Rodgers, Esq. 866.235.5001 investors@LMFunding.com www.lmfunding.com
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