Bakkt Results Presentation Deck

NOTES Adjusted EBITDA reconciliation - Non-GAAP (unaudited) bakkt $mm's Net loss Depreciation and amortization Interest (income) expense Income tax (benefit) expense EBITDA Acquisition-related transaction costs Share-based and unit-based compensation expense (Gain) from change in fair value of warrant liability ICE transition services expense Cancellation of common units Adjusted EBITDA 2Q22 $(27.6) 6.1 (0.2) (5.1) $(26.8) 0.2 7.1 (10.3) 0.3 0.0 $(29.6) Successor 1Q22 $(43.3) 5.9 (0.1) (3.1) $(40.7) 0.5 13.3 (2.4) 0.4 (0.1) $(28.9) Predecessor 2Q21 $(31.9) 3.0 0.1 0.2 $(28.6) 2.5 1.3 0.0 0.0 0.0 $(24.9) 27

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