Idex Biometrics Asa · OSL:IDEX
Idex Biometrics Asa — Q4 2022 Earnings Presentation
19 slides from Idex Biometrics Asa's earnings presentation, Feb 24, 2023
Slide 1: IDEX Biometrics 4Q 2022 Presentation
IDEX Biometrics 4Q 2022 Presentation 22th February 2023 EX 99.4
Slide 2: Disclaimer
Copyright © 2023 IDEX Biometrics ASA. All Rights Reserved. | Disclaimer This presentation includes forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current ex
Slide 3: IDEX Biometrics solution strategy
Card operating system Proprietary platform to enable IDEX products and solutions Payment and digital authentication Complete solutions to accelerate time-to-market Targeting the massive addressable market for biometric smart cards of >3B units per annum Copyright © 2023 IDEX Biometrics ASA. All Righ
Slide 4: IDEX Biometrics company roadmap
IDEX Biometrics company roadmap Sensor solution TrustedBio End-to-end implementation partner IDEX™ Pay reference card solution with Card Operating System Biometric integration with Secure Element partners -2021 Commercial scale Solution enablement Technology optimization 2022 2023+ 4
Slide 5: Quarterly highlights
Bank Launches First Abu Dhabi Bank (FAB), UAE Sella Group, Italy Accomplish Financial, UK 2 major banks, France 2 pan-Nordic banks, Nordics Digital Authentication Enqura, Turkey TrustSec, Poland Sentinel Wallet, US Civix (Zwipe), US Manufacturer Design Wins M-Tech, India Komsco, South Korea Sentry E
Slide 6: Reference card design accelerates market scaling with manufacturers
Biometric Sensor Biometric System Solution Reference Card Solution IDEX Pay Industry leading smart image capture device Biometric authentication algorithm and software interface IDEX biometric system solution SLC 38 Secure Element with IDEX Card Operating System and IDEX Biometric Stack EMV module a
Slide 7: Card manufacturers accelerate biometric production
Card manufacturers in biometric card production and development in 2022 20+ cards 2.5 billion This represents a total addressable market of 2021 2022 Copyright © 2023 IDEX Biometrics ASA. All Rights Reserved. | 7 Card manufacturers accelerate biometric production Source: Nilson Report, 2022; IDEX re
Slide 8: Q4 Financial Summary Operating Business Model
Q4 Financial Summary Operating Business Model
Slide 9: Financial summary
Year-over-year revenue growth of 44% Revenues increasing 15% quarter over quarter This revenue increase reflects shipment to IDEX two largest manufacturing partners for payment cards Margins recovering to above 30% Gross margins in fourth quarter at 33% Margins increasing as a result of product mix
Slide 10: Target operating model at scale
Target operating model at scale Scalable fabless semiconductor model IDEX reference solution with Infineon enables tier 2 and 3 manufacturers Long-term goal of 50%+ gross margins Consistent with fabless model Reflects differentiation and solution cost leadership Long-term goal of 30% operating margi
Slide 11: Q4 Commercial Update
Q4 Commercial Update
Slide 12: Banks are launching with IDEX Biometrics
I - Banks are launching with IDEX Biometrics. 9 banks in 2022 vs 0 in 2021. Fintechs and large banks in EU and the Middle East. Portfolio of x millions bank customers and market of XM cards in circulation (or contactless cards) 2022 marked an inflection point in the biometric payment card market wit
Slide 13: New global and regional card manufacturers selected IDEX Biometrics
In 2022, 8 new global and regional card manufacturer selected IDEX Biometrics Annual card production of these 12 card manufacturers > 1 billion cards Copyright © 2023 IDEX Biometrics ASA. All Rights Reserved. | 13 Source: Nilson Report, 2022; IDEX Research Card manufacturers in acceleration with IDE
Slide 14: Digital authentication represents a $53 billion market
Digital authentication represents a $53 billion market IDEX solutions for Digital Authentication Digital access Crypto currency management Secure ID management Sentry e-Signus TrustSec Enqura Reltime Global financial services provider Civix US - Zwipe B.Chain - Idemia ➕ Partner Solutions Source: Jun
Slide 15: IDEX focus market: Turkey
Largest in Europe 2M acceptance terminals 34% of private consumption expenditure $216 billion purchase volume 55% Contactless penetration Largest in Europe 268 million payment cards IDEX focus market: Turkey
Slide 16: Turkey now ready to launch – IDEX strategy execution progress
1 2 3 4 5 Apr’22 Market assessment May’22 Partnerships: payment network and E-Kart Aug’22 E-Kart (G+D) manufacturing set-up Oct’22 MoU with 2 Turkish challenger banks June’23 Biometric card program launch Market Assessment Consumer demand confirmed Card business case Regulatory approval Ecosystem Pa
Slide 17: 2023 Outlook
Copyright © 2023 IDEX Biometrics ASA. All Rights Reserved. | Significantly broadened our market opportunity with 8 new design wins during 2022 Global and regional card manufacturers preparing for production of biometric payment cards on the IDEX reference design Increasing pipeline of issuers behind
Slide 18: Enabling the next-generation of payments and authentication
Copyright © 2023 IDEX Biometrics ASA. All Rights Reserved. | Enabling the next-generation of payments and authentication Summary: Multi-billion market opportunity 01 Industry leading customer experience 02 Disruptive biometric solution 03 Capturing a market inflection point 04
Slide 19: Thank You
Thank You IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.