Norwegian Block Exchange As · OSL:NBX
Norwegian Block Exchange As — Investor Presentation (November 2024)
23 slides from Norwegian Block Exchange As's investor presentation, November 2024
Slide 1: Company presentation November 2024
Company presentation November 2024
Slide 2: Disclaimer I
Disclaimer I ABOUT THIS PRESENTATION By reading this presentation (the "Presentation"), or attending any meeting or oral presentation held in relation thereto, you (the "Recipient") agree to be bound by the following terms, conditions and limitations. The Presentation has been produced by Norwegian
Slide 3: Disclaimer II
Disclaimer II RISK FACTORS An investment in the Company involves significant risk, and several factors could adversely affect the business, legal or financial position of the Company or the value of its securities. The Recipient should carefully review the chapter "Risk Factors" in the Presentation
Slide 4: Disclaimer III
Disclaimer III DISTRIBUTION AND SELLING RESTRICTIONS None of the Company or the Manager, or any of their respective Representatives, has taken any actions to allow the distribution of this Presentation in any jurisdiction where action would be required for such purposes. The Presentation has not bee
Slide 5: A leading Nordic company in digital assets and the crypto economy
A leading Nordic company in the fields of digital assets and the crypto economy. NBX currently operates a cryptocurrency exchange, registered with the Financial Supervisory Authority of Norway, where customers can buy and sell cryptocurrencies and tokens. In 2024, NBX obtained an E- money license an
Slide 6: Main areas: Trading, Credit card, Stablecoins
Main areas NBX will move forward with three focus areas, each with different potential 1 2 3 Trading Credit card Stablecoins A cryptocurrency trading platform that allows users The NBX Visa credit card is a unique credit card that Partnering with Moneta, NBX is soon an issuer of the to buy, sell and
Slide 7: NBX in brief
NBX in brief NBX is a financial services company that specializes in developing digital asset-based products Making the world of digital assets accessible to everyone while being committed to reliable, secure and innovative services enabled by crypto such as the first credit card with bitcoin cashba
Slide 8: Board and management
Board and management An experienced corporate management team and an active board with a proven track record of successfully driving scale-ups Management The Board of Directors Stig A. Kjos-Mathisen - CEO Nils Kristian Sundling - Chairman • Stig is a former Norwegian Special Forces operative with 12
Slide 9: 1. Trading platform
1. Trading platform User friendly and secure retail & business platform, in addition to personalised OTC trading service for larger and more specialized orders Seamless large-scale trades via a professional OTC desk Increased conversion of users with increased trading activity • Focus on strategic g
Slide 10: 2. The NBX Visa Credit Card – Pilot phase successfully completed
2. The NBX Visa Credit Card – Pilot phase successfully completed past 12 months A unique credit card that offers rewards in the form of bitcoin to its users Strong volume growth with no marketing – lean organization enables high profitability Volume LTM >1 600 20 120 1 issued cards (H1 2024) 18 (pil
Slide 11: 3. Stablecoins
3. Stablecoins Generating revenue from interest on funds in custody-backed stablecoins USDM drives NBX growth and revenue • NBX has recently introduced the fast-growing stablecoin business to its product offering through an exclusive agreement for issuing USDM in the European markets. The customer e
Slide 12: The market and regulatory requirements
The market and regulatory requirements NBX is the first cryptocurrency exchange in the Nordics that has received start-up permit for a license as an e-money institution NBX is committed to adhering to strict regulatory standards... …in a rapidly evolving cryptocurrency industry(2) Population of sele
Slide 13: Financials
Financials Predicted high growth in income with increased trading volume and issuance of credit cards and stablecoins Revenues Comments on financial performance Historical figures (NOKm)(1) Key numbers Increase in revenue Total revenue (incl. OTC) • CAGR 2019 to 2023: 239% • Further growth on tradin
Slide 14: Growth ambitions and strategy
Growth ambitions and strategy Key value proposition going forward NBX is positioned for growth with investment and development costs already taken out Solid credit card metrics indicate a highly profitable credit card ramp-up Opportunistic approach in an evolving industry, with stablecoin issuance a
Slide 15: Norwegian Block Exchange
Norwegian Block Exchange Arnstein Arnebergs vei 30 1366 Lysaker Norway
Slide 16: Selected credit metrics after 12 months of pilot phase
Appendix I Selected credit metrics after 12 months of pilot phase The NBX Visa credit card spending Spending category Millions 20 Volume per month Total volume 140 120 15 100 80 10 60 5 40 20 0 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Grocery Restaurants Electronics 23 23 23 23
Slide 17: Historical income statement and balance sheet
Appendix II Historical income statement and balance sheet Income statement Balance sheet NOK thousand 2021 2022 2023 H1 2024 NOK thousand 2021 2022 2023 H1 2024 Research and development 44 545 49 922 54 039 56 183 Revenue 84 1 221 2 486 2 127 Concessions, patents, licences, trademarks, etc 1 662 1 6
Slide 18: Risk factors I
Risk factors I 1. RISK FACTORS Investing in the Shares involves inherent risks. Before making an investment decision, investors should carefully consider the risk factors and all information contained in this Presentation. The risks and uncertainties described below are the principal known risks and
Slide 19: Risk factors II
Risk factors II 1.1.6 The Group is reliant on key personnel and the ability to attract and retain qualified personnel The Group has a lean organisation and is dependent upon having a highly qualified team. This includes being able to retain and attract qualified personnel, in particular certain IT p
Slide 20: Risk factors III
Risk factors III 1.2 Risks relating to the Group's financial position 1.2.1 The Groups is relying on the Rights Issue to satisfy its immediate needs for working capital The Company is of the opinion that the working capital available to the Group is not sufficient for the Group's present requirement
Slide 21: Risk factors IV
Risk factors IV 1.3.3 Risks related to classification of crypto currencies offered on the trading platform to the Company There is a risk that one or several of the crypto assets currently traded on the Company's trading platform will be regarded as a "financial instrument" as further defined in MiC
Slide 22: Risk factors V
Risk factors V 1.4.3 The price of the Company’s shares could fluctuate significantly An investment in the Company's Shares is associated with a high degree of risk and the price of the Offer Shares may not develop favorably. An active or liquid trading market for the Shares may not develop or be sus
Slide 23: Change is inevitable, and the disruption it causes
Change is inevitable, and the disruption it causes often brings both inconvenience and opportunity. NBX is registered with the Financial Supervisory Authority of Norway.
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