Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — Merger or Acquisition (May 2021)
22 slides from Huddlestock Fintech As's merger presentation, May 18, 2021
Slide 1: Acquisition of Visigon Nordic AB
Acquisition of Visigon Nordic AB Stavanger 18. May 2021 Important information and disclosures at the end of this presentation
Slide 2: Digitizing Wealth Management
Digitizing Wealth Management Unique software as a service solution Transparent end-to-end cloud-based API solutions Saving time and cost while improving customer quality 2
Slide 3: Huddlestock + Visigon – The perfect combination
Huddlestock + Visigon – The perfect combination Cutting edge technology solutions 20 expert strategic consultants • Apex - an open, end-to-end solution connecting • Excellent track record in consultancy services for custody services with wealth managers and the financial services industry. individua
Slide 4: The Visigon Opportunity – Bridging the gap between finance and IT
The Visigon Opportunity – Bridging the gap between finance and IT Founded in 2010 with the mission to deliver innovative, industry leading and strategic capital markets technology solutions to the financial services industry. • 20 expert consultants with an average of 15 years experience in managing
Slide 5: Accompanying clients globally
Accompanying clients globally Visigon + Huddlestock= Validated technology Perfect symphony for delivering Cutting edge proprietary SaaS solutions cutting edge digital solutions and Apex, Bedrock, Visigon Software direct market access to asset managers, custody banks, and trading platforms around the
Slide 6: Accompanying clients globally
Accompanying clients globally Cutting Edge Technology Solutions Consulting Project Management Client Onboarding Key Account Servicing After Services Capital Markets – Asset & Wealth Management – Consulting - Trading – Custody Banking 6
Slide 7: Stronger together
Stronger together % visigon hddlestock BNP PARIBAS Nordea sea / BAADER / EIXF J nasdaq A) NAUCAPITAL wertpapier gmbh Nykredit onc tradegatexchange «m™ 48 Arbejdernes Landsbank Swedbank@ e Handelsbanken a sparword pecunia hddlestock
Slide 8: Consolidated Pro-forma P&L
Consolidated Pro-forma P&L Consolidated Profit (loss) 2019P 2020P 2021E 2022E 2023E 2024E statement pro-forma (NOK 1'000) Revenues 22,342 41,005 51,121 92,503 144,986 202,011 Fee income (Apex) 0 225 4,828 23,613 64,845 109,889 Highlights: Transaction income (Bedrock) 5,615 26,177 35,293 45,032 • Est
Slide 9: Consolidated Pro-forma Balance Sheet
Consolidated Pro-forma Balance Sheet Consolidated Financial position 2019P 2020P 2021E 2022E 2023E 2024E pro-forma (NOK 1'000) Total intangible assets 21,248 65,260 64,827 64,338 63,799 63,237 Research and development 15,789 19,308 19,308 19,308 19,308 19,308 Highlights: Licenses 5,459 45,952 45,519
Slide 10: A digital breakthrough for custody banks, wealth management and online trading
A digital breakthrough for custody banks, wealth management and online trading. Proprietary technology solutions and cost-effective client services through the Apex and Bedrock solutions. Expert consultancy offering strategic planning, pre- and post-implementation support services. Accompanying you
Slide 11: Transaction Overview
Transaction Overview & Appendix Transaction Overview Transaction Overview Appendix 11
Slide 12: Creating shareholder value
Creating shareholder value • Huddlestock Fintech AS has signed a Sale and Purchase agreement with the shareholders of Visigon Nordic AB • Huddlestock proposes to acquire 100% of Visigon Nordic AB in a mix of cash and shares. • Agreed terms: 40% shares + 60% cash for 100% of Visigon at 1.4x times sal
Slide 13: Market recognition
Market recognition HUDL: Share price development since IPO in November • Regulatory licensed with BaFin for complete offering in trading and asset management. • Listed on Euronext Growth Market 26. November 2020. +163% since listing. • Norway’s first fintech with a market cap NOK 650m. 13
Slide 14: High quality and supportive shareholder base
High quality and supportive shareholder base 14
Slide 15: Appendix
Transaction Overview & Appendix Appendix Transaction Overview Appendix 15
Slide 16: Group Structure
Group Structure % visigon hddlestock Huddlestock Fintech AS 100% 00% Huddlestock Huddlestock Technologies AS Systems GmbH 100% Huddlestock Denmark Huddlestock Sweden 100% Huddlestock Asia Sdn Bhd 30% Es 70% Huddlestock Sdn Bhd 16 hddlestock
Slide 17: Management Team
Management Team John E. Skajem, Group CEO Gustav Ekeblad, CTO John E. Skajem is the Group CEO of Huddlestock Fintech AS. Gustav is a co-founder of Visigon and has been Nordic Group CEO Following a long career in international finance and working for since 2011. He has a strong background from both t
Slide 18: Board of Directors
Board of Directors Øyvind Hovland, Chairman. Øyvind is a serial entrepreneur with more than 20 years of experience in starting and scaling companies in various industries. Notably Cyviz AS – with offices globally, and Vision Io AS, a leading optic camera provider to the Oil and gas industry. Murshid
Slide 19: John E. Skajem, Øyvind Hovland
John E. Skajem Øyvind Hovland CEO Chairman +47 4188 7412 +47 9096 6151 jes@huddlestock.com oh@huddlestock.com
Slide 20: Risk Factors 1/3
Risk Factors 1/3 1.1 General 1.2.4 Regulatory risks Investing in the Huddlestock Fintech AS (the Company) involves inherent risks. Prospective investors should consider, The Company is subject to a wide variety of laws and regulations. The Company is targeting an international market, hence failure
Slide 21: Risk Factors 2/3
Risk Factors 2/3 1.3.5 Risks related to cyber-attacks and security breaches that could harm the Company’s business and standing with 1.4 Financial risk its customers 1.4.1 Risk that capital in the future may not be available on attractive terms, or at all As a technology-driven business model, the C
Slide 22: Risk Factors 3/3
Risk Factors 3/3 1.5.2 Risks related to the market price of the Company’s shares 1.6 If the Company is not able to attract and retain customers and commercial partners, this could adversely impact the Company’s business and financial and position The price of the Company’s Shares may in the future f
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