{
  "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": 15,
  "pageCount": 30,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "overcrowded",
  "nDataPoints": 30,
  "notes": "The slide includes a disclaimer that all financial data is unaudited and bar charts are not to scale.",
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de516-47a5-76d9-ab6a-e5bd2e869b09/15",
  "deckHref": "/decks/019de516-47a5-76d9-ab6a-e5bd2e869b09",
  "deckJsonHref": "/decks/019de516-47a5-76d9-ab6a-e5bd2e869b09.json",
  "deckAnchorHref": "/decks/019de516-47a5-76d9-ab6a-e5bd2e869b09#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.335,
        "w": 0.399,
        "x": 0.54,
        "y": 0.144
      },
      "kind": "chart",
      "text": "REVENUES BY PRODUCT ($MM)",
      "attrs": {
        "series_names": [
          "Loyalty",
          "Crypto"
        ],
        "x_axis_labels": [
          "2Q22",
          "3Q22",
          "4Q22",
          "1Q23",
          "2Q23"
        ],
        "y_axis_labels": [
          "$12.3",
          "$12.8",
          "$15.6",
          "$12.7",
          "$13.4",
          "$0.4",
          "$0.3",
          "$0.5",
          "$0.7",
          "$335.3",
          "$347.6"
        ]
      },
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "37129ac4-d25a-4683-b5e4-66ec17f60631",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.335,
        "w": 0.399,
        "x": 0.54,
        "y": 0.523
      },
      "kind": "chart",
      "text": "REVENUES BY LINE ITEM ($MM)",
      "attrs": {
        "series_names": [
          "Subscription and service",
          "Transaction"
        ],
        "x_axis_labels": [
          "2Q22",
          "3Q22",
          "4Q22",
          "1Q23",
          "2Q23"
        ],
        "y_axis_labels": [
          "$5.1",
          "$5.5",
          "$6.3",
          "$6.3",
          "$6.5",
          "$7.7",
          "$8.1",
          "$6.9",
          "$7.5",
          "$342.5",
          "$347.6"
        ]
      },
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6bda548-2b17-4325-9980-9fdc6c897aaa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.059,
        "w": 0.42,
        "x": 0.046,
        "y": 0.73
      },
      "kind": "list",
      "text": "Loyalty revenues are generally seasonally weaker in second and third quarters and stronger in first and fourth quarters",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0c15f10e-8010-4c67-8e85-26ef708d69da",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.017,
        "w": 0.32,
        "x": 0.046,
        "y": 0.573
      },
      "kind": "list",
      "text": "Net revenues of $12.3mm decreased 8% YoY",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "64ac0c9f-0895-4852-a392-b1480c313bfb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.059,
        "w": 0.42,
        "x": 0.046,
        "y": 0.66
      },
      "kind": "list",
      "text": "Subscription and service revenues of $5.0mm decreased 23% YoY, due to a reduction in volume-based service revenues",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75d4ff00-93b1-4559-a110-9b8abbc1c499",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.046,
        "y": 0.399
      },
      "kind": "list",
      "text": "Gross revenues of $335.3mm driven by increase in crypto transaction volumes due to Apex Crypto acquisition",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba57aa40-f568-48e9-a270-71b3d5d47c51",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.046,
        "y": 0.61
      },
      "kind": "list",
      "text": "Transaction revenues of $7.3mm increased 6% YoY driven by higher air travel activity in loyalty redemptions",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c433534a-5689-483b-8894-89876ea3e4af",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.079,
        "w": 0.42,
        "x": 0.046,
        "y": 0.173
      },
      "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 on a gross basis",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7bbef835-5d48-442c-a4ab-dd5efd42edf1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.26,
        "x": 0.084,
        "y": 0.914
      },
      "kind": "source-note",
      "text": "Note: All financial data on this slide is unaudited. Bar charts not fit to scale",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "22a5caed-85fb-4f3a-ae59-619b0812b06b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.036,
        "w": 0.229,
        "x": 0.046,
        "y": 0.075
      },
      "kind": "title",
      "text": "2Q23 Revenues",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dd40a1f7-b599-4caf-aeac-00ae0387c875",
      "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
}