{ "docId": "019de517-1f82-77be-b00c-1d07368c132d", "docSlug": "01ae72acb16ce171cd942b48418a1442", "documentTitle": "Bakkt | Results Presentation Deck | 29 slides", "authorId": "bakkt", "authorName": "Bakkt", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 29, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "front_matter", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-1f82-77be-b00c-1d07368c132d/2", "deckHref": "/decks/019de517-1f82-77be-b00c-1d07368c132d", "deckJsonHref": "/decks/019de517-1f82-77be-b00c-1d07368c132d.json", "deckAnchorHref": "/decks/019de517-1f82-77be-b00c-1d07368c132d#slide-2", "components": [ { "bbox": { "h": 0.016, "w": 0.86, "x": 0.049, "y": 0.209 }, "kind": "paragraph", "text": "Unless the context otherwise provides, \"we,\" \"us,\" \"our,\" \"Bakkt\" and like terms refer to Bakkt Holdings, Inc. and its subsidiaries.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "04fe7f69-5804-4dbf-9612-21f87608c2fb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.536, "w": 0.747, "x": 0.049, "y": 0.249 }, "kind": "paragraph", "text": "FORWARD-LOOKING STATEMENTS\nThis presentation contains \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E\nof the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the impacts from the Apex\nCrypto acquisition and Bakkt's guidance, plans, objectives, expectations and intentions with respect to future operations, products, services and the\napplication of Bakkt's available cash, among others. Forward-looking statements can be identified by words such as \"will,\" \"likely,\" \"expect,\" \"continue,\"\n\"anticipate,\" \"estimate,\" \"believe,\" \"intend,\" \"plan,\" \"projection,\" \"outlook,\" \"grow,\" \"progress,\" \"potential\" or words of similar meaning. Such forward-\nlooking statements are based upon the current beliefs and expectations of Bakkt's management and are inherently subject to significant business,\neconomic and competitive uncertainties and contingencies, many of which are difficult to predict and beyond Bakkt's control. Actual results and the\ntiming of events may differ materially from the results anticipated in such forward-looking statements as a result of the following factors, among others:\nBakkt's ability to grow and manage growth profitably; changes in Bakkt's business strategy; changes in the market in which Bakkt competes, including\nwith respect to its competitive landscape, technology evolution or changes in applicable laws or regulations; changes in the markets that Bakkt targets;\ndisruptions in the crypto market that subject Bakkt to additional risks, including the risk that banks may not provide banking services to Bakkt; the\npossibility that Bakkt may be adversely affected by other economic, business, and/or competitive factors; the inability to launch new services and\nproducts or to profitably expand into new markets and services; the inability to execute Bakkt's growth strategies, including identifying and executing\nacquisitions and Bakkt's initiatives to add new clients; Bakkt's failure to comply with extensive government regulation, oversight, licensure and\nappraisals; uncertain regulatory regime governing blockchain technologies and crypto; the inability to develop and maintain effective internal controls\nand procedures; the exposure to any liability, protracted and costly litigation or reputational damage relating to Bakkt's data security; the impact of any\ngoodwill or other intangible assets impairments on Bakkt's operating results; the impact of any pandemics or other public health emergencies; Bakkt's\ninability to maintain the listing of its securities on the New York Stock Exchange; and other risks and uncertainties indicated in Bakkt's filings with the\nSecurities and Exchange Commission. You are cautioned not to place undue reliance on such forward-looking statements. Such forward-looking\nstatements relate only to events as of the date on which such statements are made and are based on information available to us as of the date of this\npresentation. Unless otherwise required by law, we undertake no obligation to update any forward-looking statements made in this presentation to\nreflect events or circumstances after the date of this presentation or to reflect new information or the occurrence of unanticipated events.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5c710a8f-3534-4d21-b2b9-e4009e1211ea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.056, "w": 0.747, "x": 0.049, "y": 0.792 }, "kind": "paragraph", "text": "BASIS OF PRESENTATION\nThis presentation includes discussions of Adjusted EBITDA and Free Cash Flow, which are financial measures that are not calculated in accordance with\nGAAP. For more information regarding Adjusted EBITDA please see slides 24-25 and for Free Cash Flow please see slide 29.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fa5f5301-25f5-4a1b-bd10-0d95d2bb789d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.007, "x": 0.929, "y": 0.901 }, "kind": "source-note", "text": "2", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ea6b9cb6-17e9-4c72-9b2b-791f8e70cad4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.36, "x": 0.049, "y": 0.08 }, "kind": "title", "text": "Important notice", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ad999c3f-50ef-43ba-a40a-22a4ea2be111", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Audience Definition", "slug": "audience-definition", "agent": "Storyteller", "layer": "slide", "matchId": "3b3d68d5-6e7e-4a40-8723-e95308834391", "evidence": "Unless the context otherwise provides, \"we,\" \"us,\" \"our,\" \"Bakkt\" and like terms refer to Bakkt Holdings, Inc. and its subsidiaries.", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 4, "from": 1, "beatId": "cd224661-f314-4393-b99f-b83334f92c68", "arcName": "AIDA", "arcSlug": "aida", "beatName": "Attention", "beatSlug": "aida-attention", "evidence": "The cover page and key takeaways section grab the audience's attention", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }