Coincheck Group N.v. · NASDAQ:CNCK
Coincheck — SPAC Merger (March 2022)
17 slides from Coincheck's SPAC merger presentation, Mar 22, 2022
Slide 1: Investor Presentation March 2022
2022)_v11.pptx 1 Investor Presentation March 2022
Slide 2: Disclaimer
2022)_v11.pptx 2 Disclaimer About this Presentation This presentation relates to a proposed business combination (the “Business Combination”) between Coincheck Group B.V. (“CCG” ), which will be a holding company of Coincheck, Inc. (the “Company”) and Thunder Bridge Capital Partners Ⅳ , Inc. (“THCP”
Slide 3: Overview
2022)_v11.pptx 3 Overview Coincheck, Inc. – a subsidiary of Japan’s Monex Group – Enters Definitive Merger Agreement with Thunder Bridge Capital Partners IV, Inc. x Coincheck is one of the largest multi - cryptocurrency marketplaces and digital asset exchanges in Japan, with approximately 1.5 millio
Slide 4: Largest Crypto Exchange and Digital Asset Platform in Japan
2022)_v11.pptx 4 Largest Crypto Exchange and Digital Asset Platform in Japan The Coincheck Opportunity Providing Japanese Customers & Institutions with Direct Access to the Global Crypto Economy Source: Company filings Note: Figures in JPY converted to USD based on exchange rate of 0.008684 as of 12
Slide 5: Combination Creates a Digital Platform Focused on Global Growth
2022)_v11.pptx 5 Combination Creates a Digital Platform Focused on Global Growth x Provides public market access for Coincheck, supporting the funding of continued growth and product expansion x Ability to enhance hiring / retention via equity compensation x Positions the company for international e
Slide 6: Well-Positioned in a Large and Rapidly Growing Market
2022)_v11.pptx 6 Well - Positioned in a Large and Rapidly Growing Market Established Leader Operating at Scale in Japan’s Highly Regulated Market Young, Highly - Engaged Loyal Customer Base Track Record of Continued Innovation & Leadership Significant Growth Potential through Product & International
Slide 7: The Japanese Crypto Economy is Primed for Rapid Growth
2022)_v11.pptx 7 x Robust KYC / AML and compliance x Closely engaged with industry bodies x Japan’s first launched IEO x Oasis TOKYO partnership x 17 supported digital asset tokens x 28% Japanese market share 1,2 User growth Continued retail participation and increased corporate and institutional up
Slide 8: Large and Attractive Market in Early Stages of Adoption
2022)_v11.pptx 8 Large and Attractive Market in Early Stages of Adoption Select Crypto Adoption Rankings 4 Massive Untapped Market Opportunity x Japan is the 3 rd largest global economy ($5tn+ GDP), comprised of sophisticated and wealthy investors x Only 4% of Japanese population owns crypto (versus
Slide 9: Leader in Japan's Highly Regulated Market
2022)_v11.pptx 9 38% 20% 12% 7% <1% 22% Leader in Japan’s Highly Regulated Market Coincheck is a scarce asset, operating at scale Share of Japan market (by app downloads) 2 Share of Japan market (by accounts) 1 Strong market share driven by trusted and recognized brand, robust relative product offer
Slide 10: Leading Product Portfolio amongst Japanese Competitors
2022)_v11.pptx 10 Coincheck GMO Year Founded 2012 2014 2016 2014 2014 Capabilities Exchange x x x x x OTC / Market place x x x Utility Bills Payment Services x NFTs (on - chain) x x NFTs (off - chain) x Initial Exchange Offering x Key Metrics Customer Accounts 1.5mm+ N/A ~475k 800k+ (global) N/A Geo
Slide 11: Young, Highly-Engaged Loyal Customer Base
2022)_v11.pptx 11 Young, Highly - Engaged Loyal Customer Base Coincheck’s platform strongly aligns with its user base, offering products and services that cater towards a young demographic Users by Age 1 Note: Figures in JPY converted to USD based on exchange rate of 0.008684 as of 12/31/2021; 1 As
Slide 12: Track Record of Continued Innovation & Leadership
2022)_v11.pptx 12 Track Record of Continued Innovation & Leadership 2014 2016 2021 2021 Marketplace / Exchange Utility Bills Payment Services Allows users to pay for utilities using BTC Drives retail engagement Initial Exchange Offering (IEO) Enables Coincheck to service a new customer base – issuer
Slide 13: Large Growth Potential via Product & International Expansion
2022)_v11.pptx 13 Large Growth Potential via Product & International Expansion Coincheck has identified several growth opportunities that can be pursued organically or accelerated through M&A or partnership activity NFTs Financial services adjacencies Marketplace / IEO Continue to grow customer base
Slide 14: Strong Management Team to Support Regional Excellence & Global Growth
2022)_v11.pptx 14 Strong Management Team to Support Regional Excellence & Global Growth Broad Management Experience Gary Simanson Chief Executive Officer, Holding Company President Satoshi Hasuo Vice President Koichiro Wada Oki Matsumoto Executive Chairman, Holding Company Coincheck Group B.V. (Neth
Slide 15: Robust Financial Model with High Incremental Profitability
2022)_v11.pptx 15 $6.7 $122.4 $131.7 20% 68% 59% FY20 FY21 3Q'22 YTD $1.0 $3.8 $4.4 FY20 FY21 3Q'22 YTD $33.1 $180.8 $221.5 FY20 FY21 3Q'22 YTD Robust Financial Model with High Incremental Profitability Annual EBITDA ($M) and EBITDA Margin Annual Revenue ($M) and YoY % growth Marketplace Trading Vol
Slide 16: Thunder Bridge Capital Partners IV Overview
2022)_v11.pptx 16 Thunder Bridge Capital Partners IV Overview Deep Experience Partnering With and Advising Global Financial Technology Companies Thunder Bridge Management and Board of Directors Management and Leadership Team Gary Simanson Director, President & CEO • 30+ years of experience in execut
Slide 17: Monex Overview
2022)_v11.pptx 17 Monex Overview Crypto Asset Marketplace and Exchange Japan Online Broker US Online Broker Asia Pacific Segment Investment Segment STEAM Education Business Genome Platform Business Other activities Continuing focus on institutional - grade compliance Regulated by the Japan Financial