{
  "docId": "019de516-47a5-76d9-ab6a-e5bd2e869b09",
  "docSlug": "317b6bf68884d467c375d849fc7c46f7",
  "documentTitle": "Bakkt | Results Presentation Deck | 30 slides",
  "authorId": "bakkt",
  "authorName": "Bakkt",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 13,
  "pageCount": 30,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 60,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de516-47a5-76d9-ab6a-e5bd2e869b09/13",
  "deckHref": "/decks/019de516-47a5-76d9-ab6a-e5bd2e869b09",
  "deckJsonHref": "/decks/019de516-47a5-76d9-ab6a-e5bd2e869b09.json",
  "deckAnchorHref": "/decks/019de516-47a5-76d9-ab6a-e5bd2e869b09#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.603,
        "w": 0.439,
        "x": 0.046,
        "y": 0.27
      },
      "kind": "list",
      "text": "Total revenues of $347.6mm reflects significant increase in gross crypto trading revenue driven by our acquisition of Apex Crypto\nTotal operating expenses of $398.7mm reflects significant increase in crypto trading expenses driven by our acquisition of Apex Crypto\nOperating expenses (excluding crypto costs and execution, clearing and brokerage fees) of $64.7mm increased by 13% YoY, primarily due to $17.0mm of acquisition-related expenses, which were largely non-cash\nExpenses excluding acquisition-related were down 16% YoY primarily due to a reduction in compensation and benefits\nTotal shares outstanding of 274.6mm¹\nClass A 91.3mm shares\nClass V 183.3mm shares\n22.7mm Class V shares exchanged as of June 30, 2023",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a3860c08-f9cc-43db-9ba2-08e30eb4f359",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.907,
        "x": 0.046,
        "y": 0.153
      },
      "kind": "paragraph",
      "text": "2Q23 results include Apex Crypto, which we acquired on April 1, 2023. In accordance with GAAP, we are presenting crypto services revenue and crypto costs and execution, clearing and brokerage fees on a gross basis",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2bd6bda9-5460-47cf-baba-20f977026a62",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.846,
        "x": 0.083,
        "y": 0.905
      },
      "kind": "source-note",
      "text": "Note: All financial data on this slide is unaudited.\nAs of June 30, 2023. Intercontinental Exchange, Inc. (\"ICE\") owns an aggregate of 64% of shares, consisting of both Class A and Class V.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a1f9e9d-1949-4114-9858-26d1b79c8482",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.64,
        "w": 0.504,
        "x": 0.46,
        "y": 0.24
      },
      "kind": "table",
      "text": "$mm's\nCrypto services\nLoyalty services\nTotal revenues\nCrypto costs and execution, clearing and brokerage fees\nOperating expenses, excluding crypto costs and execution, clearing and brokerage fees\nTotal operating expenses\nOperating loss\nInterest income, net\nGain (loss) from change in FV of warrant liability\nOther (expense) income, net\nLoss before income taxes\nIncome tax (expense) benefit\nNet loss\nLess: Net loss for noncontrolling interest\nNet loss attributable to Bakkt Holdings, Inc.\nWeighted average basic shares (mm)\nWeighted average diluted shares (mm)\nNet loss per basic share\nNet loss per diluted share",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "405fab7b-0edd-4b27-b244-be58e4dcc509",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 13,
      "beatId": "348ac31b-530a-4b8c-b118-3860ab6df463",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "Financial results and KPIs demonstrate growth and momentum",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 5,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "6fc647c4-a6a3-4a1a-bc54-0a1d7a0a2695",
      "evidence": "The deck implies that not using Bakkt's services would result in missed opportunities",
      "position": 0,
      "objective": "Highlighting the benefits of Bakkt's crypto capabilities",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}