Pelican Trading

Connecting the world’s traders and investors

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Quarterly update - Q1 2020

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www.pelicantrading.io

Exceptional volatility - industry back in vogue;

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Perfect storm of events led to spikes in volumes

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New broker partners launched

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Solid growth in AUM

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Pelican Trading

Q4 results 2019

Connecting the world’s traders and investors

2

Pelican Trading

Current

*Unaudited numbers based on Management Accounts

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Highlights Q1 2020*

• Growth continues (Q on Q results) - revenues: £113,138 (+34.25%)
• Trade volumes/rebates spiked due to exceptional period of volatility
• Gross user numbers reduced - clearing out of inactive accounts - focus on high quality clients
• Cost base flat: £67,281/quarter - will now drop lower with office requirement removed
• Aim: Keep things simple in the ‘new normal’ - including cost base and product offering
• Advertising/marketing continues to be £0
• Recent network growth (across all broker App’s) avg. 1.5%+ per week
• Breakeven and profitability achieved
• Q2/Q3 = bedding down the new big broker clients signed - to ensure continuous returns and a solid revenue foundation of satisfied clients

Connecting the world’s traders and investors

Pelican Trading

Revenue & Costs

Up to Q1 ‘20

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Connecting the world’s traders and investors

Pelican Trading

Historic Revenue - by quarter

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Q1:

£113,138

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Average:

£47,126

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Vs.

Average:

+140.1%

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Vs.

Previous:

+34.25%

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Vs.

Q1 ‘19:

+62.5%

Quarterly Revenue Split

Connecting the world’s traders and investors

Pelican Trading

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Q1.

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Largest rev. stream:

B2B retainers

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By value:

£42,419

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By % of gross rev.:

37.4%

• Strong February

Connecting the world’s traders and investors

Pelican Trading

Historic Revenue - by month

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Month average (Q1):

£37,712

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Average:

£15,708

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Vs.

Average:

+240.65%

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Vs.

Q1’19 avg.:

+61.56%

- Projects picked up in Feb/March.

- Exceptional trading in March

Monthly Revenue Split

Connecting the world’s traders and investors

Pelican Trading

8

March ‘20

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Largest:

Trade rebate

By value:

£15,378

By % of gross:

32.85%

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Vs. March ‘19

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Largest:

Pelican AM

By value:

£18,211

By % of gross:

70.4%

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Pelican Trading

Revenue vs. Costs - by quarter

Connecting the world’s traders and investors

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Q1

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Revenue:

£113,138

Costs:

£67,281

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Difference:

+£45,857

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Rev as % of costs:

168.16%

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Vs.

Q1 ‘19:

56.7%

Pelican Trading

Revenue vs. Costs - by month

Connecting the world’s traders and investors

10

FEBRUARY ‘20

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Revenue:

£40,703

Costs:

£22,396

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Difference:

+£18,307

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Rev. as % of Costs:

181.67%

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Vs.

Feb ‘19:

36.14%

Pelican Trading

Average monthly costs

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Office

Employees

IT/Dev Consultancy

Hosting Costs

Compliance legal

Ancillary

TOTAL

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£2,400

£11,000

£7,500

£1,800

£500

£3,800

£27,000

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Pelican Trading

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Broker partner revenue case study - fully integrated service

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• Fixed retainer: £2.5k/m
• Regulation
• Tech licence (App)
• Asset Management Services

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• Typical strategy revenue: £2.0k/m
• 30 clients
• £0.5m AUM
• Revenue consists of: Rebate/Performance fee/Connection charge/Management fee

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Monthly gross revenue per broker (assuming 3 strategies): £8.5k

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What does the rest of the year look like?

Pelican Trading

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Forecasts 2020

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June ‘20

Revenue:

£43,336

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Vs. current:

-7.96%

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Projected Q2 revenue:

£113,594

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Vs. current:

+0.4%

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Historic

Forecast

Connecting the world’s traders and investors

Pelican Trading

Usage

Numbers

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Pelican Trading

Usage stats

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Registered users*

Active accounts

Signals/Mentors

Copiers

AUM

Trades (# in past 12 months)

Load (# of replica’s for each Service)

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7,634

1,055

75

555

£4.45m

139,744

1

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*Extended details are in the Appendix

Pelican Trading

Android

iOS

Numbers for the Pelican App only

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Connecting the world’s traders and investors

Pelican Trading

Roadmap & new features

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Pelican Trading

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Developing complete broker managed account offering

• Comprehensive suite of touch points for consumer
• Management tool for Pelican and Broker

Platform

API

Desktop

App

Sales, Support, Compliance

Operations dashboard

Client services

Broker

Pelican Services

Available

Pelican Trading

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Roadmap in order of priority

• MT5 integration - H1
• Desktop - H2
• Sales (Broker-side) dashboard - H2

UI development concepts….

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Pelican Trading

New Features

Adding new ‘Chapters’ to Discover

E.g.:

Most followed

Best live trades

Most copied

Most profitable copiers

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Live trade performance

Best live trades

Link to profile

New Features

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Is the trade still worth copying - updating live?

Where did the trade originate?

Current stats on trade

Historic track record in market

Is the trade worth copying?

Data to know:

Is the trade worth copying?

Does the trader have form in this market?

Who is the prop trader (the source of the trade)

New Features

Is a trader any good?

Current live performance

Performance over time

Win rate

Most traded markets

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Risk, performance, scale of a traders behaviour

Performance over time

Ratios and traders preferences

Pelican Trading

Proposal

Allow users to get more granular

Identify trade, traders, groups by performance in specific markets

Filter your own Feed

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Filter Discover and Feed

Pelican Trading

Market specific

News, crowd activity, best traders, and live trades….by market all in one place

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Price

Crowd

News

Best Trader

Best Trade

Pelican Trading

Tweaks

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Option to hide

News Alerts on feed

Extended Notification Settings

Social Triggers

Appendix

Pelican Trading

Pelican Trading

iOS

Android

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Pelican Trading

Android

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Connecting the world’s traders and investors

Pelican Trading

iOS

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Connecting the world’s traders and investors

Pelican Trading

Android

iOS

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Pelican Trading

Connecting the world’s traders and investors