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Goldmoney IR presentation June 2021
The document is an investor deck for XAU XAUMF (presumably a precious metals company) that contains the following information: 1. It discusses forward-looking statements and includes cautionary language about uncertainties in projections. 2. It outlines the company's founding mission to build a safe financial service focused on precious metals and establish global client relationships through accessible precious metals-backed savings. 3. It provides an overview of the company's subsidiaries and investments that help demonstrate the commercial viability of a "Goldmoney Economy" and broaden access to physical gold.
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Goldmoney IR presentation June 2021
- 1. The World's MostTrusted Name in Precious Metals XAU XAUMF JUNE 2021 INVESTOR DECK
- 2. Caution Regarding Forward-LookingInformation These Slides contain certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of these Slides. The information in these Slides about the future plans and objectives of the Company are forward- looking information. Other forward-looking information includes but is not limited to information concerning the intentions, plans and future actions of the Company. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward- looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Corporation’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Corporation to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Corporation and the industry; network security risks; the ability of the Corporation to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; global economic climate; dilution; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The Slides and the accompanying verbal presentation are confidential and are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any other purpose. IMPORTANT NOTICE These presentation slides (the “Slides”) do not comprise a prospectus or other form of offering document relating to Goldmoney Inc. (the “Company”), and do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company. Your attention is drawn to the risk factors set out below. 2
- 3. The Goldmoney FoundingMission Our world is being transformed by technology and innovation, but it’s also rife with financial and economic uncertainty. Our mission: 1. Harness financial technology to build the world’s safest financial service. 2. Build lasting relationships with a global base of clients by making precious metals-backed savings accessible to all. 3
- 4. A Precious MetalFocused Family 4
- 5. The Goldmoney Economy– Subsidiaries & Investment in Associates When possible, we make strategic investments in ventures that help to demonstrate the commercial viability of the Goldmoney “Economy”. These business ventures help to broaden access to physical gold or engage in the monetization of precious metals earning a return on metal weight (ROMW). SCHIFFGOLD, LLC (100% OWNERSHIP, 50% PROFIT JV) SchiffGold is one of the leading direct-to-consumer coin and bullion dealers in the U.S. and was founded by legendary gold investor Peter Schiff. SchiffGold’s experienced relationship managers handle all Goldmoney Holding non-vault deliveries into coins, bars, and other bullion-grade products. MENĒ (37% OWNERSHIP) Menē Inc. (pronounced “meh-nay”) is a disruptive new jewelry venture founded by Roy Sebag (Goldmoney Inc. founder) and Diana Widmaier-Picasso. The company manufactures and retails 24K pure gold and platinum jewelry which is transparently sold by gram weight at the prevailing daily precious metal prices on Mene.com. The company purchases its precious metals from Goldmoney under an exclusive agreement. 5 TOTENPASS (60% OWNERSHIP) Totenpass is a Canadian corporation which has been developing a permanent digital storage drive constructed solid gold. The technology empowers individuals and corporations to decentralize, preserve, and fully control their precious digital data once and forever. Totenpass was founded by Goldmoney CEO Roy Sebag, Goldmoney CTO Alessandro Premoli, and Bruce Ha, former director of optical media at Kodak. Totenpass is preparing to launch its disruptive technology in beta in July 2021.
- 6. ROMW Model The Goldmoneybusiness model provides unique exposure to a ROMW (Return on Metal Weight) financial model similar to that employed by precious metal streaming companies; however, unlike most of those companies, Goldmoney accumulates the precious metals it earns above its working capital requirements. Like a golden tree, Goldmoney Inc.’s precious metal position grows with each passing day. If we are moderately successful, stakeholders can expect Goldmoney to outperform the precious metal markets over time. This is due to the compounding nature of our growing precious metal position. 6 2.44 Grams Tangible Capital in Gold Grams Per 100 Goldmoney Shares 9,578 6,716 4,121 4,977 4,857 2021 2020 2019 2018 2017 Gross Revenue in Gold Grams (000's) 284 133 92 94 82 2021 2020 2019 2018 2017 Gross Margin in Gold Grams (000's) Gold gram = CAD $68.33 as at Mar 31, 2021
- 7. Goldmoney Inc. ConsolidatedFinancial Results 2021 RESULTS (April 1, 2020 – March 31, 2021) “In last year’s letter, we outlined a key principle in our new corporate strategy would be to accumulate a long-term precious metal position. As readers may recall, our goal was to end fiscal 2021 with $50 million in precious metals. We are pleased to have exceeded that goal by 13%. Looking ahead and assuming no change in metal prices, we believe our precious metal position should reach $70 million by the time I write next year’s shareholder letter” Roy Sebag, CEO
- 8. Financial Highlights 8 • GrossProfit of $28.1 million, an increase of 37% YoY. • Fee Revenue increased by 101% YoY to a new company record of $8.9 million. • Net and Comprehensive Income of $11.1 million, a $22.4 million (198%) increase YoY. • Basic and Diluted Earnings per share of $0.15. Earnings in gold weight of 2.20 grams per 1,000 Goldmoney shares. • Corporate Metal Position consisting of Coins, Bullion, and Bullion Denominated Loan increased by $21.7 million, or 84% YoY to $47.5 million. 8,875 4,413 2,356 2,470 2,712 2021 2020 2019 2018 2017 Fee Revenue (000's)
- 9. Financial Highlights 9 • Goldmoney.comreported a 18% increase in Operating Income, 19% increase in Gross Profit and 106% in Gross Margin YoY. • Goldmoney.com Group Client Assets increased 9% YoY to $2.3 billion. • SchiffGold Revenue increased $142 million or 88% YoY, and Operating Income increased $1.8 million or 212% YoY. • Investee Company Menē Inc. (TSXV:MENE) continued to grow its client and revenue base, reporting record Annual Revenue of $21.1 million, or 62% increase YoY, for its Fiscal Year 2020. • Tangible Capital increased 9% YoY to $126.1 million. ROBUST GROWTH IN ALL BUSINESS LINES 116.1 122.0 125.2 130.1 126.1 Q4 2020 Q1 2021 Q2 2022 Q3 2021 Q4 2021 Tangible Capital (millions) Certain figures were reclassified for comparative purposes.
- 10. Selected Key FinancialInformation Revenue ($000s) Gross Margin ($000s) Gross Profit ($000s) Fee Revenue ($000s) Client Asset Under Custody ($ billion) Please visit our SEDAR profile to view the consolidated financial statements and MD&A. “At Goldmoney, we measure our results in relation to gold as our various businesses were designed to earn a weight of precious metal through their diverse activities ranging from custody to jewelry manufacturing. We are pleased to see that in fiscal 2021, all three of our key performance indicators grew significantly when measured in gold grams.” FROM 2021 Shareholder Letter 10 ROY SEBAG, FOUNDER & CEO 458,873 9,073 4,413 20.461 2.07 281,544 6,256 2,356 12,382 1.75 2020 2019 2021 654,410 19,401 8,875 28,099 2.26
- 11. The Goldmoney® Holding ONEPOWERFUL ONLINE ACCOUNT. BUY SELL HOLD SPEND REDEEM
- 12. 12 Goldmoney Holding Overview Theonly financial service offering of its kind, the Goldmoney Holding is a fully-reserved precious metals holding that provides everyday accessibility, custody, and transfer services. Our clients are in over 120 countries and hold approximately $2.3 billion in client assets. Through an innovative and secure online experience, Goldmoney provides an array of powerful services such as custody arrangement, dealing, managing and unrivaled research. 1.3 1.5 1.6 1.75 2.07 2.26 2016 2017 2018 2019 2020 2021 Group Client Assets (Billions) Asset Under Custody (Billions)
- 13. 13 Global Vaults All preciousmetal held by Goldmoney clients are stored in secure and fully insured vaults operated by leading professional vault operators including Loomis International (Nasdaq OMX: LOOM), Brinks (NYSE: BCO), G4S (LSE: GFS), Malca-Amit, Rhenus Logistics, and the Royal Canadian Mint. Clients may choose where to store their metal from our network of 15 vaults in 8 countries around the world. Moving metals from one vault location to another is easy and secure with the Goldmoney Vault-to-Vault Metal Exchange feature.
- 14. LAUNCHED IN 2019 Apowerful yet intuitive new platform that allows users to easily analyze, execute, and manage vaulted precious metals through Goldmoney Holding. • Limit Orders • Open Order Books • Technical Indicators • Charting Tools • 1% Buy/Sell Fee Active Trader
- 15. The Goldmoney.com Experience GoldmoneyPhysical LAUNCHED IN MARCH 2019 An integrated e-commerce platform that allows Goldmoney clients to conveniently take delivery of physical precious metal coins and bars from a trusted source. Goldmoney Checkout LAUNCHED IN MARCH 2019 New integration powers frictionless and secure payment at mene.com in 4 precious metals and 5 fiat currencies. 15
- 16. Menē designs, manufactures,and markets 24 karat gold and platinum investment jewelry™ which is sold direct-to- consumer. Through Mene.com, customers can buy, sell, and exchange their jewelry by gram weight at the prevailing market prices for gold and platinum. Menē’s mission is to restore the link between jewelry and savings. Menē was founded by Roy Sebag and Diana W. Picasso who respectively serve as Chief Executive Officer and Chief Artistic Officer. VERTICALLY INTEGRATED BUSINESS Menē is a vertically integrated business encompassing the acquisition of metal, in-house manufacturing, software engineering of its proprietary platform, customer support, and marketing operations. INVEST IN PURE 24K TSXV:MENE US:MENEF
- 17. 17 THE MENĒ REVOLUTION MENE JANUARY2018 Mene.com launched to public For more, visit mene.com/investors NOVEMBER 6, 2018 MENE listed on the TSX-V $21+MILLION Revenue generated in 2020 62% YoY Revenue Growth 60+ Countries Sold To
- 18. MENĒ IS THEJEWELRY COLLECTION QUITE LITERALLY WORTH ITS WEIGHT IN GOLD MAINSTREAM PRESS COVERAGE JEWELRY WORTH ITS GRAMS IN GOLD HOW MENĒ IS REVOLUTIONIZING THE GOLD BUSINESS 18 JEWELRY INDUSTRY DISRUPTOR, MENĒ, GOES PUBLIC; TAKES ON PANDORA, TIFFANY & CO. PICASSO'S GOLD: THE ART OF INVESTING IN GOLD JEWELRY
- 19. The rings Ibought from Menē are phenomenal. They fit perfectly and the rings themselves are top quality. Highly recommend this company for those who are looking for exception jewelry that cannot be found anywhere else online. Will buy again! M EI C. What got me to purchase, in addition to the beautiful products, is the investment concept. One really cool thing is to be able to follow your investments portfolio online on Menē website, the value is being updated with the market gold price. JONATHAN B. Love the transparency when they tell you the price. you know exactly how much 24k gold you are getting and exactly how much they are charging on top of that - no need to try to do the calculation yourself! M ICHAEL K. You've made a believer out of me, and I will now invest in this over any other jewelry on the market today! 10 out of 10...If you are looking to buy or invest in gold, look no further! This is 100% 24K.nothing more/less.. it's amazing! LA URA C. MENĒ PASSIONATE COMMUNITY & REVIEWS See more at Trustpilot
- 20. SchiffGold is oneof the leading direct-to-consumer coin and bullion dealers in the U.S., and was founded by legendary gold investor Peter Schiff, who has become an advisor and marketer of the Goldmoney brand. SchiffGold’s experienced relationship managers handle all Goldmoney Holding non-vault physical delivery in coins, bars, and other bullion-grade products. SchiffGold Revenue increased $142 million or 88% YoY, and Operating Income increased $1.8 million or 212% YoY. (100% OWNERSHIP, 50% PROFIT JV) 20
- 21. Totenpass is aCanadian corporation which has been developing a permanent digital storage drive constructed solid gold. The technology allows for the permanent storage of precious digital data, thereby ending any future dependence on the cloud, the internet, and destructible hardware. Its mission is to empower both individuals and corporations to decentralize, preserve, and fully control their precious digital data once and forever. Totenpass was founded by Goldmoney CEO Roy Sebag, Goldmoney CTO Alessandro Premoli, and Bruce Ha, former director of optical media at Kodak. Totenpass is currently under development and is 60% owned by Goldmoney. To learn more, visit: www.totenpass.com Download whitepaper: https://www.totenpass.com/pdf/Totenpass-Whitepaper-January-2021.pdf 21 60% OWNERSHIP
- 22. Goldmoney Brand PASSIONATE &GLOBAL COMMUNITY OF CLIENTS 22
- 23. Unparalleled Value Proposition 23 WHYGOLDMONEY (TSX:XAU)(US:XAUMF) Most Trusted Name Strong reputation & market leadership since 1999 Large & Growing Opportunity Growing share in the $8 trillion precious metals market Long-Term Strategy Grow physical precious metals prudently over time Powerful & Sustainable Business Model Asset-light and internet scalable Strong Balance Sheet & Liquidity $126+ million tangible asset and no debt An Ecosystem with Synergy & Diversity A strategic family of subsidiary holdings Mission Driven Safeguard the wealth of our shareholders & clients World-Class Technology Powered by patented ”private ledger” technology
- 24. Investor Overview LATEST MARKETPRICE $2.59 per share MARKET VALUATION ~$196 million 24 STOCK LISTING Primary Exchange: TSX:XAU SECONDARY LISTINGS USA: XAUMF, Frankfurt: 9BT TOTAL SHARES OUTSTANDING 75,710,290 INSIDER OWNERSHIP ~40% - Roy Sebag, Turk Family, Peter Schiff, Board Directors INSTITUTIONAL OWNERSHIP Top 10 investors own additional ~40% - Mason Hill Advisors, Fidelity Investments, Albert D. Friedberg, Merian Global Investors, Eric Sprott TANGIBLE CAPITAL $126 million or $1.67 per share with no debt as at March 31, 2021. This excludes the value of our businesses or mark to market of Menē Inc. (TSX- V:MENE) stake.
- 25. Investor Relations Contacts INVESTORRELATIONS Mark Olson VP Finance [email protected] (647) 250-7098 25