Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q4 2019 Earnings Presentation
11 slides from Next Biometrics Group Asa's earnings presentation, Feb 26, 2020
Slide 1: NEXT Biometrics Group ASA Q4 2019 Presentation
NEXT Biometrics Group ASA Q4 2019 Presentation 26 February 2020 Peter Heuman, Chief Executive Officer Eirik Underthun, Acting Chief Financial Officer Oslo Bors: NEXT www.nextbiometrics.com 1
Slide 2: Disclaimer
Disclaimer NEXT This presentation includes and is based, inter alia, on 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 expectations, estimates and p
Slide 3: Highlights
"ce Highlights NEXT Revenue for 2019 of NOK 84.4 million, down 22% compared to same period last year Revenue of NOK 9.2 million in Q4-2019, down 68% from Q4-2018 Revenues to date 2020 already higher than revenues reported in Q4 2019 Gross margin of -2% in Q4-2019 (36% in Q4-2018) resulting from redu
Slide 4: 100 day program completed - Analysis shows
100 Day program completed - Analysis shows NEXT Background: Analysed internal data and business processes and external input from market data, customers/prospects and shareholders. Conclusions related to: Strengths, Areas of improvement and Market realities Strengths: * Core hardware skills from arc
Slide 5: Key Q4 actions taken based on 100 days program
Key Q4 actions taken based on 100 days program NEXT Tangible Growth agenda BAe: Sales organisation changed with new management, competence and focus Developed a more robust sales pipeline and added new opportunities Improved conversion of leads to commercial contracts Announced major order for biome
Slide 6: Key Figures Q4-2019
"ce Key Figures Q4-2019 NEXT Profit and loss Revenue of NOK 9.2 million, down from NOK 29.3 million in Q4-2018 a4 a3) a4 | 2018 2019 2019| 2019 Reduced notebook volumes to US tier-1 customer; not sufficiently offset by increased revenue from other Revenue 29.3 27.5 0.1 17.6 108.4 4.4 customers cocs
Slide 7: Optimizing organization and cost base
Optimizing organization and cost base NEXT OPEX' NOK niilion (excl. cost of options ) HH ‘= Non-recurring Q4-2019 program to optimise m= OPEX organisation and cost base executed 60 * More than 20% reduction in FTEs to less than 65 40 Non-recurring costs of NOK 4.7 million in 30 Q4-2019 Expected annu
Slide 8: EBITDA and Cash Flow Performance
"ee EBITDA and Cash Flow Performance NEXT MNOK EBITDA ex options . EBITDA: “a5 ‘Al + Q4-2019 adjusted EBITDA-loss of NOK 49.3 2 J (31) (L L million vs. NOK 35.0 million in Q4-2018 ° a Reflects lower revenue, negative gross margin, non-recurring cost of NOK 4.7 million and no Skattefunn recognition i
Slide 9: Targeting existing growth markets
"ce Targeting existing growth markets NEXT Access Control ; : Government ID + USD 100k sensor module + Design-in contracts (POS) as purchase order for delivery in * Several orders received in Q4 and YTD & NN Q4 2019 and into 2020 + Promoting One Touch ID FAP20 ZW + Launched new module for harsh + Hi
Slide 10: Outlook - Q1-Q2 2020
Outlook - Q1-Q2 2020 NEXT Q4 2019 to be the low point in terms of quarterly revenues Revenues to date 2020 already higher than revenues reported in Q4 2019 Strengthened and improved Sales organisation to yield results from Q1 2020 Announced Q1 major order for biometrics readers in India (January) an
Slide 11: NEXT Biometrics
NEXT BIOMETRICS One Touch. One You. NEXT Biometrics 1
NEXT Biometrics Group — Q4 2019 Earnings Presentation on 6ix