DeFi Technologies (DEFI) Investor Presentation summary

Business overview and strategy

• Provides institutional-grade exposure to digital assets via ETPs, trading, strategic ventures, and Web3 infrastructure.

• Offers one-click access to a broad range of digital asset products and services through subsidiaries.

• Operates a diversified revenue model including ETPs, trading, infrastructure, research, and arbitrage.

• Focuses on aggressive growth through international expansion, strategic acquisitions, and a strong balance sheet.

• Led by industry pioneers with a proven track record in digital asset ventures.

Financial performance and key metrics

• Book value of $103.2M CAD and assets under management of $661M CAD as of August 31, 2024.

• YTD net income of $72.3M CAD and YTD net revenue of $128.2M CAD for the first six months of 2024.

• Market capitalization of $874.9M CAD and earnings per share of $0.31 CAD.

• 2024 forecasted revenue is $179M CAD, based on current asset prices.

Business lines and products

• Valour issues innovative ETPs, including the first fee-free Bitcoin and Ethereum ETPs, and yield-bearing products.

• DEFI Alpha focuses on low-risk arbitrage trading, generating $133.1M CAD in 2024 revenue.

• Infrastructure business runs decentralized nodes, supports networks like Solana and Core, and partners with Coinbase Cloud.

• Venture arm invests in early-stage DeFi and Web3 projects, with a portfolio valued at $44.1M CAD.

• Reflexivity Research provides high-quality crypto-native research for institutional investors.