Idex Biometrics Asa · OSL:IDEX
Idex Biometrics Asa — Q2 2023 Earnings Presentation
20 slides from Idex Biometrics Asa's earnings presentation, Aug 10, 2023
Slide 1: Second Quarter 2023 Presentation
Second Quarter 2023 Presentation IDEX Biometrics August 10, 2023
Slide 2: Disclaimer
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 expectations, estimates and projections about global economic c
Slide 3: Quarterly highlights
Quarterly highlights Payments 18 banks now in motion with IDEX Biometrics New market entry with bank in Azerbaijan 1mn USD order from European card manufacturer for banks in Bangladesh, India, and Eastern Europe IDEX Pay successfully passed Mastercard certification testing Digital Authentication Car
Slide 4: Financial Summary
Financial Summary 01
Slide 5: Financial summary second quarter and first half 2023
Financial summary second quarter and first half 2023 Record revenue in a quarter Revenues increased 32% year over year, and 18% compared to last quarter This revenue growth reflects shipment to two largest manufacturing partners for payment cards Margins at 22% Gross margin in the second quarter was
Slide 6: Commercial
mercial vgs Uy, aio” , ASX
Slide 7: Annual card production of these card manufacturers > 1.4 billion cards
4 7 Annual card production of these card manufacturers > 1.4 billion cards Copyright © 2023 IDEX Biometrics ASA. All Rights Reserved. | 7 Premium Financial Card Manufacturer Metal Card Manufacturer Million Cards Annual smart card production volume; Nilson Report 2022 and card manufacturer informatio
Slide 8: 18 banks launching biometric payment cards on IDEX Biometrics technology
Corporate Card Issuer, France Well established bank, Italy Digital Bank Challenger, Sweden Largest bank in UAE 2 pan-Nordic banks in total launching with IDEX 18 banks cardholders with these banks 50+ million payment cards in circulation across these markets 780+ million Digital Issuer and Processor
Slide 9: 9 partners launching digital authentication solutions based on IDEX technology
Sentry e-Signus TrustSec Enqura AuthenTrend MCS Reltime Global financial service provider 1 Source: McKinsey, 2022 9 partners launching digital authentication solutions based on IDEX technology PONE IDEX solutions Biometric multifactor authentication On card biometric storage and matching NFC powere
Slide 10: IDEX Biometrics is accelerating globally
IDEX Biometrics is accelerating globally India 1bn payment cards in circulation, growing at CAGR 19%1 5m merchant terminals 60% market share for RuPay, India’s card payment network Most new cards issued are dual interface, most new POS terminals support contactless Turkey 265m payment cards in circu
Slide 11: IDEX Biometrics Go To Market Strategy
IDEX Biometrics Go To Market Strategy 1 2 3 4 5 Apr ’22 Market assessment May ’22 Partnerships: payment network and manufacturer Aug ’22 Manufacturing set-up Jul ’23 Agreements with banks Sep ’23 Biometric card program launch Market Assessment Consumer demand confirmed Card business case Regulatory
Slide 12: Regulatory landscape and industry standardization enabling the market
Regulatory landscape and industry standardization enabling the market Market trends Fraud and hacking of identity a growing concern for governments, enterprises and consumers Consumers are worried about their data privacy Digital exclusion a growing issue with increasing inequalities Regulatory envi
Slide 13: IDEX Biometrics business model
IDEX Biometrics business model 13 Payment and Banking IDEX Biometrics Biometric sensor Biometric system (sensor + software) Certified card solution (incl. COS and applications) Market education; demand creation Card manufacturing partners Resellers Public and Private Services Enterprise/ Gov’t Secur
Slide 14: The seamless customer journey of biometric payment cards
Add fingerprint via device or mobile phone Add Fingerprint Fast and secure payments in less than a second with biometric authentication Pay Card activation through secure banking channels Activate Card 03 The seamless customer journey of biometric payment cards 02 01
Slide 15: Enabling the future of payments and authentication
Enabling the future of payments and authentication Production orders received for both payment and access markets IDEX Pay certified solution has accelerated market penetration with 19 card manufactures now coming to market 18 banks and issuers coming to market with IDEX biometric payment solution 9
Slide 16: Summary
Summary 03
Slide 17: One integrated and scalable solution – multiple applications
One integrated and scalable solution – multiple applications One solution platform Identity Access Protect proprietary assets from cyber attacks, reduce fraud risk Crypto Asset Management Access and control crypto funds in a highly secure and authenticated way Secure Payments Seamless and faster exp
Slide 18: Strong operating leverage in long-term model
Strong operating leverage in long-term model Target operating model at scale Scalable fabless semiconductor model Long-term goal of 50%+ gross margins Consistent with fabless model Reflects differentiation and solution cost leadership Long-term goal of 30% operating margins Scalable for sustained ca
Slide 19: Enabling the future of payments and authentication
Enabling the future of payments and authentication Multi-billion market opportunity 01 Industry leading customer experience 02 Disruptive biometric solution 03 Capturing a market inflection point 04
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