Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — Q4 2021 Earnings Presentation
31 slides from Huddlestock Fintech As's earnings presentation, Feb 10, 2022
Slide 1: Presentation of Q4 2021 results
Presentation of Q4 2021 results 10 February 2022 Democratizing Wealth Management
Slide 2: Disclaimer re forward looking statements
Disclaimer re forward looking statements Disclaimer re forward looking statements This presentation speaks only as of their date, and the views expressed are subject to change based on a number of factors, including, without limitation, macroeconomic and equity market conditions, investor attitude a
Slide 3: Huddlestock Fintech – Introduction
Huddlestock Fintech – Introduction Democratizing access to wealth management Øyvind Hovland John E. Skajem Chairman Group CEO 3
Slide 4: Huddlestock Fintech
Huddlestock Fintech Delivering innovative technology solutions to the capital markets, treasury and wealth management industries. Technology – Bedrock, Apex, Canyon • Bedrock and Apex are fully integrated and flexible wealth tech platforms. • Canyon is an end-to-end, serviced capital markets solutio
Slide 5: Unique Wealth Tech and Treasury solutions
Unique Wealth Tech and Treasury solutions Bedrock – a connectivity API offering cost-efficient trading and investing services embedded in web-solutions and/or directly in apps. Transaction and AUM based. Technology Canyon – an end-to-end capital markets solution combined with bespoke consulting and
Slide 6: Secular growth in the Wealth Tech space
Secular growth in the Wealth Tech space Demographic shifts accelerating changing behaviours in wealth management. Distribution of investable financial assets (1) in the US by generation, % Customer expectations are changing: Wealth is shifting • Hyper-personalized in a tech savvy, transparent and fr
Slide 7: Huddlestock connecting individuals to capital markets
Huddlestock connecting individuals to capital markets Democratizing access to capital markets Wealth Managers Retail Banks Global Wealth Market Market Places Neo-banks $431trn in 2020 Online Brokers Fintech Connection via APIs Expected to grow 17% Proprietary ecosystem to $544trn in 2025 Segregated
Slide 8: Punching above our weight in Consulting
Punching above our weight in Consulting Rising demand, tighter markets Finance functions are catching up on digital transformation: • Treasury systems are in need of change • Rising regulatory burden, introduction of instant payments are accelerating the need for transformation. • The rise of the pu
Slide 9: Delivering above targets in FY 2021
Delivering above targets in FY 2021 Pro-forma* adjusted** numbers Pro-forma Revenues* Pro-forma EBITDA (adj)*/** Total Equity 41.5m -4.98m 113.8m (2021 target 38 to 41m) (2021 target -3.5 to -5.5m) NOK NOK NOK • Reported numbers include Visigon from the close of the transaction on June 11th, 2021 *P
Slide 10: Highlights in 2021
Highlights in 2021 Delivering above targets with strong consulting revenues Strong Q4: • Recurring multi-year mandates have been widened and extended. • New, innovative solutions bringing new clients. • Two new contracts signed with a leading Danish Fintech company and Delivering above targets a Dan
Slide 11: Key priorities
Key priorities Targeting profitable growth and scaling up. Huddlestock focused on Accelerate growth in the Nordics; attractive geographies • Prioritize profitable growth and recurring revenues. Norway • Creation of a Nordic white label solution. Sweden • Scale up Nordic operations. Add talent. Finla
Slide 12: Value creation through accretive M&A
Value creation through accretive M&A Creating shareholder value • A core pillar of Huddlestock’s strategy is to create shareholder value through accretive acquisitions • Huddlestock currently owns ca. 10 million treasury shares. These might be used as part of future M&A deals • The board has hired a
Slide 13: Democratizing Wealth
Democratizing Wealth The top 1% wealthiest own 38% of Wall Street. 10% own 84%. While stock markets continue to soar, the wealth gap continues to widen. Technology accelerates financial inclusion. Huddlestock Fintech offers wealth managers, banks, treasury functions and individual investors, a uniqu
Slide 14: FY 2021 Results
FY 2021 Results 1
Slide 15: Strong momentum in Q4
Strong momentum in Q4 Reported numbers Revenues EBITDA Total Equity 13.9m -0.26m 113.8m NOK NOK NOK Reported numbers include Visigon from the close of the transaction on June 11th, 2021 15
Slide 16: Delivering above targets in FY 2021
Delivering above targets in FY 2021 Pro-forma* adjusted** numbers Pro-forma Revenues* Pro-forma EBITDA (adj)*/** Total Equity 41.5m -4.98m 113.8m (2021 target 38 to 41m) (2021 target -3.5 to -5.5m) NOK NOK NOK • Reported numbers include Visigon from the close of the transaction on June 11th, 2021 *P
Slide 17: Q4/2021 Group Revenues
Q4/2021 Group Revenues Strong delivery from Professional Services. • Group Revenues NOK 13.9 m in Q4 • Pro-forma Group Revenues of NOK 41.6 m for FY 2022* • Technology sees solid recurring revenue streams from long term client contracts. • Professional Services continued to see strong demand from re
Slide 18: Q4/2021 Group Costs
Q4/2021 Group Costs A tight labour market. • Group Costs NOK 14.1m in Q4 • Pro-forma Group Costs of NOK 46.5m for FY2021* • Personnel cost NOK 7.3m in Q4. • 38 FTEs end Q4, +5% new employees; 2 consultants. • Other costs NOK 6.8m in Q4. • Private placement • Legal and audit costs • Technology invest
Slide 19: Q4/2021 Group EBITDA
Q4/2021 Group EBITDA Solid delivery across all divisions. Tighter labour markets and continued technology investments. • Reported group EBITDA NOK -0.26m in Q4* • Proforma reported group EBITDA NOK - 4.98m for FY2022* • Group Revenues NOK 13.9 m in Q4 • Recurring revenues in Technology • Strong mome
Slide 20: Technology Q4/FY2021
Technology Q4/FY2021 Growing recurring revenues. Q4 – focused on delivery. • Reported revenues NOK 0.5m in Q4* • Proforma revenues of NOK 2.7m for FY2021* • Recurring revenues NOK 2.0m in 2021 • Customization revenues NOK 0.7m • Continued R&D investment ~NOK4.84m in FY2021. • German reorganisation;
Slide 21: Professional Services Q4/FY2021
Professional Services Q4/FY2021 Strong delivery in tight labour market from expert advisors. Strong relationships delivers excellent Q4 • Reported revenues of NOK 13.4m in Q4* • Proforma revenues of NOK 38.9m for FY2021* • Strongly growing business with new client mandates in Q4: • Large Swedish ban
Slide 22: Annexes
Annexes 2
Slide 23: Income Statement Q4/2021 (Reported and proforma)
Income Statement Q4/2021 (Reported and proforma)
Slide 24: Balance Sheet Q4/2021 (Reported)
Balance Sheet Q4/2021 (Reported)
Slide 25: Cash Flow Statement Q4/2021 (Reported)
Cash Flow Statement Q4/2021 (Reported)
Slide 26: New organization
New organization Streamlining operations. HQ in Norway Listed on Euronext Growth 38 employees across the Nordics, Germany and Malaysia
Slide 27: Experienced Board of Directors
Experienced Board of Directors Øyvind Hovland, Chairman. Stig R. Myrseth, Board Member Øyvind is a serial entrepreneur with more than 25 years Stig Myrseth has a distinguished and long-standing career as a of experience in starting and scaling companies in financial analyst, asset manager and founde
Slide 28: Strong and supportive shareholder base
Strong and supportive shareholder base As of 9th February 2022
Slide 29: Investor relations contacts
Investor relations contacts: John E. Skajem Group CEO jes@huddlestock.com +47 418 87 412 Cecilia Luras Award-winning platform Director of Strategy & Investor Relations col@Huddlestock.com +47 951 45 382 Listed on Images & Photography: unsplash.com and pixabay.com Icons: flaticon.com and Icon8.com
Slide 30: Full disclaimer
Full disclaimer Full disclaimer This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentatio
Slide 31: Full disclaimer continued
Full disclaimer continued Full disclaimer continued Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projecti
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