Bakkt Results Presentation Deck

CLOSING / OUTLOOK Outlook Guidance for FY 2022 o Net revenue expected to grow to $60mm - $80mm in 2022; Annual net revenue growth of approximately 50% - 100% compared to Combined 2021 Expect to use $150mm - $170mm of cash during 2022 as we continue to invest for future growth; strong available liquidity with more than $390mm of available cash on hand as of 12/31/21 We expect to recognize quarterly net losses during 2022 as we invest in and ramp up the business bakkt Note: Guidance assumes no further significant disruptions from COVID-19 pandemic; potential acquisitions and other significant opportunities are not included in this guidance. See disclaimers for more information regarding forward-looking statements, which includes all guidance provided herein CONFIDENTIAL & PROPRIETARY 20

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