Slide 1: Investor Presentation
Investor Presentation Investment in growth and financial outlook August 7, 2019 1 © 2003-2019 Green Dot Corporation
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-Looking Statements This presentation contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding our future performance and re
Slide 3: Green Dot overview
We are a financial technology leader and bank holding company with a mission to power the banking industry’s branchless future Massive market opportunity with 120 million consumers in the U.S. aged 18 to 50 Our product and platform business model powers a unique set of distribution channels Green Do
Slide 4: We are a product and platform company
We are a product and platform company BaaS Platform Products TAM ~120M U.S. population aged 18 to 50 Account Services Processing & (Card programs) Settlement Services (Payment solutions) Innovative product design Consumer checking accounts Swipe reload system Currently have 5+ million active account
Slide 5: 2019 six step plan
2019 six step plan Launch two new innovative and exciting products Increase purchase volume and attract a more committed customer base Build and release BaaS 3.0 to enhance functionality and scalability Begin development of BaaS 4.0, which will host “bOS for Developers,” scheduled to release in late
Slide 6: Long-term growth strategy
Long-term growth strategy SDK Designing, launching and issuing a higher Enrolling more BaaS partners that, together, “Banking OS” is designed to expand number of branded account products to are expected to generate more accounts the TAM of potential BaaS partners into an increasingly large TAM of po
Slide 7: Recent Product Launch
Recent Product Launch “Green Dot is touting a new bank account that it says will help Americans do something most of us are lousy at: Saving more money.” “We just got a glimpse of a truly innovative product that Green Dot just released. Known as the Unlimited Cash Back Account, it pairs a high-yield
Slide 8: Active account trends
Active account trends Our long term strategies have been working to increase total active accounts and the total number of direct deposit accounts as a mix of total actives. But softness in non-direct deposit actives is posing a headwind to top line growth that we intend to reverse with the introduc
Slide 9: Improving quantity and quality
Improving quantity and quality The success of our BaaS partnerships has powered growth in gross dollar volume and purchase volume in our Account Services segment. Gross Dollar Volume Purchase Volume In billions In billions CONSOLIDATED CONSOLIDATED $10.0 $6.5 $6.3 $9.4 $5.2 NON-BAAS $7.5 NON-BAAS $3
Slide 10: Outlook for Q3
Outlook for Q3 Q3 2019 FY 2019 Non-GAAP total operating revenues $225M to $230M $1.060B to $1.080B YoY change (at the midpoint for FY) + 5% Adjusted EBITDA $12M to $14M $240M to $244M YoY change (at the midpoint for FY) - 12% Non-GAAP EPS ~$0.02 $2.71 to $2.77 YoY change (at the midpoint for FY) - 1
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of Forward Looking Guidance for Non-GAAP Financial Measures to Projected Non-GAAP Total Operating Revenues1 (Unaudited) Q3 2019 FY 2019 Range Range (In millions) Low High Low High Total operating revenues $ 236 $ 241 $ 1,113 $ 1,133 Net revenue adjustments 2 (
Slide 12: Non-GAAP Reconciliations Notes
Non-GAAP Reconciliations Notes 1) To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the Company uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. These financial measures are not calculate