{ "docId": "019de518-384d-762c-8987-b2cf4749ac45", "docSlug": "8b4286c8f9802c758657dee87d10e455", "documentTitle": "Bakkt | Results Presentation Deck | 28 slides", "authorId": "bakkt", "authorName": "Bakkt", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 28, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "front_matter", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-384d-762c-8987-b2cf4749ac45/2", "deckHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45", "deckJsonHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45.json", "deckAnchorHref": "/decks/019de518-384d-762c-8987-b2cf4749ac45#slide-2", "components": [ { "bbox": { "h": 0.02, "w": 0.9, "x": 0.05, "y": 0.2 }, "kind": "disclaimer", "text": "Unless the context otherwise provides, \"we,\" \"us,\" \"our,\" \"Bakkt\" and like terms refer to Bakkt Holdings, Inc. and its subsidiaries.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "42a7cb3c-4972-40f8-b469-a1cc3148c37e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.55, "w": 0.9, "x": 0.05, "y": 0.25 }, "kind": "paragraph", "text": "FORWARD-LOOKING STATEMENTS\nThis presentation and accompanying oral presentation contains \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended,\nand Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding our financial projections,\nincluding Bakkt's outlook for the fiscal year 2024, the impacts from the Bakkt Crypto acquisition, the impacts of cost-reduction initiatives, and Bakkt's guidance, plans,\nobjectives, expectations and intentions with respect to future operations, products, services and the application of Bakkt's available cash, among others. Forward-looking\nstatements can be identified by words such as \"will,\" \"likely,\" \"expect,\" \"continue,\" \"anticipate,\" \"estimate,\" \"believe,\" \"intend,\" \"plan,\" \"projection,\" \"outlook,\" \"grow,\"\n\"progress,\" \"potential\" or the negative of these words or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of\nBakkt's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict\nand beyond Bakkt's control. Bakkt's ability to continue as a going concern, actual results and the timing of events may differ materially from the results anticipated in such\nforward-looking statements as a result of the following factors, among others: Bakkt's ability to grow and manage growth profitably; changes in Bakkt's business strategy;\nBakkt's ability to integrate its acquisitions and achieve desired synergies; Bakkt's future capital requirements and sources and uses of cash, including funds to satisfy its\nliquidity needs; Bakkt's inability to maintain the listing of its securities on the New York Stock Exchange; changes in the market in which Bakkt competes, including with\nrespect to its competitive landscape, technology evolution or changes in applicable laws or regulations; changes in the markets that Bakkt targets; disruptions in the crypto\nmarket that subject Bakkt to additional risks, including the risk that banks may not provide banking services to Bakkt; the possibility that Bakkt may be adversely affected\nby other economic, business, and/or competitive factors; the inability to launch new services and products or to profitably expand into new markets and services; the\ninability to execute Bakkt's growth strategies, including identifying and executing acquisitions and Bakkt's initiatives to add new clients; Bakkt's failure to comply with\nextensive government regulation, oversight, licensure and appraisals; uncertain regulatory regime governing blockchain technologies and crypto; the inability to develop\nand maintain effective internal controls and procedures; the exposure to any liability, protracted and costly litigation or reputational damage relating to Bakkt's data\nsecurity; the impact of any goodwill or other intangible assets impairments on Bakkt's operating results; and other risks and uncertainties indicated in Bakkt's filings with\nthe Securities and Exchange Commission. You are cautioned not to place undue reliance on such forward-looking statements. Such forward-looking statements relate only\nto 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 presentation. Unless otherwise required by\nlaw, we undertake no obligation to update any forward-looking statements made in this presentation to reflect events or circumstances after the date of this presentation\nor to reflect new information or the occurrence of unanticipated events.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "033e09b4-5cdf-405e-804e-53c97fb23fc4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.9, "x": 0.05, "y": 0.8 }, "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 GAAP. For more\ninformation regarding Adjusted EBITDA please see slides 23-24 and for Free Cash Flow please see slide 25.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e173bdb5-9099-4d20-bd19-6e8a3f2073b2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.01, "x": 0.92, "y": 0.9 }, "kind": "source-note", "text": "2", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d5e61ce3-80c4-47ed-b2f1-4bedbb16c98b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.36, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "Important notice", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a68e3327-02f5-485c-8b72-ec85c8d8dd44", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 4, "from": 1, "beatId": "19acd741-1e41-4135-9d4a-33f3b0c6719f", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Attention", "beatSlug": "monroes-sequence-attention", "evidence": "The deck starts with a cover page, disclaimer, and perspectives on the business, grabbing the audience's attention.", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }