Investor Presentation • Apr 15, 2021
Investor Presentation
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1Q 2021 Earnings Presentation Group CEO John E Skajem
April 15, 2021
Unique software as a service solutions Transparent end-to-end cloud-based API solutions Saving time and cost while improving customer quality Agenda
Agenda
Financials
| Intra-group upfront fees | ||
|---|---|---|
| Wages | ||
| Audit, mostly software | ||
| development costs, lawyer fees, stock exchange fees, |
||
| external consultants | ||
| The Group has entered into a Share Purchase Agreement |
||
| with Opera Financial | ||
| Technologies Limited on 22 September 2020 regarding the |
||
| sale of all issued shares in Dovre Forvaltning UAB |
||
| Consolidated Financial position (in NOK) | 1Q21 | 2020 | Consolidated Financial position (in NOK) | 1Q21 | 2020 |
|---|---|---|---|---|---|
| ASSETS | Equity | ||||
| Intangible assets | Paid-in capital | ||||
| Research and development | 19,308,253 | 19,308,253 | Share capital | 208,371 | 208,371 |
| Licenses | 45,952,204 | 45,952,204 | Share premium | 64,524,308 | 66,965,000 |
| Total intangible assets | 65,260,457 | 65,260,457 | Total paid-in capital | 64,732,679 | 67, 173, 371 |
| Total non-current assets | 65,260,457 | 65,260,457 | Total equity | 64,732,679 | 67, 173, 371 |
| Receivables | Liabilities | ||||
| Trade receivables | 499,895 | 0 | Other long-term liabilities | ||
| Other short-term receivables | 627,037 | 762,000 | Liabilities at financial institutions | 2,500,000 | $\mathbf 0$ |
| Total receivables | 1,126,932 | 762,000 | |||
| Bank deposits, cash and cash equivalents | 2,175,978 | 2,958,000 | Short-term liabilities Accounts payable |
66,424 | 1,206,000 |
| Net assets discontinued operations | 2,233,000 | 2,233,000 | Payroll taxes, VAT etc. | 419,039 | 169,000 |
| Other short-term liabilities | 2,867,225 | 2,454,086 | |||
| Total current assets | 5,535,909 | 5,953,000 | Total short-term liabilities | 3,352,688 | 3,829,086 |
| Total assets | 70,796,366 | 71,213,457 | Net liabilities discontinued operations | 211,000 | 211,000 |
| Total liabilities | 6,063,688 | 4,040,086 | |||
Agenda
• Digitizing work processes for custody banks, asset managers and trading venues.
| Rank | Investor | Holding no. of shares |
Stake, % |
|---|---|---|---|
| $\mathbf 1$ | Euroclear Bank S.A./N.V. | 21,333,746 | 19.5% |
| $\overline{2}$ | VISION INVEST STAVANGER AS | 8,151,715 | 7.4% |
| 3 | RETROPI LIMITED | 7,607,608 | 6.9% |
| 4 | BERKER GROUP AS | 6,847,189 | 6.2% |
| 5 | GRUNNFJELLET AS | 5,310,000 | 4.8% |
| 6 | GENTLE INVEST AS | 4,091,000 | 3.7% |
| 7 | HUDDLE AS | 3,242,622 | 3.0% |
| 8 | SAAMAND AS | 3,064,332 | 2.8% |
| 9 | E HOLDING AS | 3,013,395 | 2.7% |
| 10 | SAA INVEST AS | 3,000,000 | 2.7% |
| 11 | HOGNAN INVEST AS | 2,494,512 | 2.3% |
| 12 | STEIN HEGRE HOLDING AS | 2,400,000 | 2.2% |
| 13 | GJEDREM AS | 2,135,623 | 1.9% |
| 14 | VALINOR AS | 1,563,852 | 1.4% |
| 15 | BILL INVEST AS | 1,536,847 | 1.4% |
| 16 | STOKK INVESTERING AS | 1,315,790 | 1.2% |
| 17 | SIRIUS AS | 1,200,000 | 1.1% |
| 18 | GJEDREM HOLDING AS | 1,150,000 | 1.0% |
| 19 | PEBRIGA AS | 1,129,541 | 1.0% |
| 20 | NORDNET LIVSFORSIKRING AS | 1,117,303 | 1.0% |
| 21 | Nordea Bank Abp | 1,021,587 | 0.9% |
| 22 | SANDNES INVESTERING AS | 1,000,000 | 0.9% |
| 23 | ALA AS | 913,395 | 0.8% |
| $24 - 25$ | HEDEN HOLDING AS | 800,000 | 0.7% |
| 24-25 | KRISTIANS AND AS | 800,000 | 0.7% |
| Total Top 25 | 86,240,057 | 79% | |
| Total | 109,668,729 | 100% |
Huddlestock has invested approximately NOK 100m since 2014. The funding has come from both institutional and individual investors, along with public grants from institutions like Innovation Norway and "Skattefunn".
John E. Skajem is the Chief Executive Officer of Huddlestock Fintech AS. John E. joined Huddlestock with a long carrier and experience from the financial industry. Over the years John E. has gained a thorough understanding of all aspects of the financial services industry. John E. has hands on experience from Investments Banks, Asset Managers to large global universal banks with management position while working in Chicago, NYC, London, Paris, and Oslo.
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.
Peter van Kleef is co-founder of Huddlestock Systems GmbH which developed Huddlestock's B2B platform for BNP Paribas. Peter has extensive experience in the asset management industry having initiated and supervised numerous large scale projects in the asset management and banking industry.
Murshid is an Executive Director and co-founder of Huddlestock. He is a PhD candidate in Economics, and holds a master's degree from Grenoble Ecole de Management, and a degree from NTNU. He has almost a decade of experience as an entrepreneur, primarily within the energy and financial industry.
Nith is responsible for the business development and expansion in APAC. He holds a degree in B.Com (Accounting and Information Systems) from the University of New South Wales, Australia. He has worked in the Australian banking system and has spent 15 years in South East Asia founding startups and working in technology companies.
Per Øyvind is an investor and entrepreneur in Norway, founding PXO, Quickflange and other successful companies. He has more than 20 years of experience from developing businesses and growing companies in various industries. He holds a Bachelor's degree in Financial Management from BI Business School.
A digital breakthrough for custodian banking in symphony with wealth management. The partnership provides for superior and cost-effective client services through the Apex and Bedrock solutions
Through Qinfen, a private label solution based on the Apex platform, asset managers can access and offer BNP customers a flexible, professional and future ready digital interface.
Gives you direct market access to a universe of 12,000 equity instruments and countless financial products
John E. Skajem CEO +47 4188 7412 [email protected]
Øyvind Hovland Chairman +47 9096 6151 [email protected]
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