Identiv, Inc. · NASDAQ:INVE
Identiv — Investor Presentation (April 2021)
26 slides from Identiv's investor presentation, Apr 7, 2021
Slide 1: Investor Presentation April 2021
Investor Presentation April 2021 © 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE Exhibit 99.2
Slide 2: Note Regarding Forward-Looking Statements
Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well a
Slide 3: Management Team
Steven Humphreys CEO, Director Led 3 public & 2 venture-backed companies and spent 10 years at GE Appointed to Identiv CEO in September 2015 Member of the Board of Directors since 1996 BS Yale University and M.S. & M.B.A. Stanford University Sandra Wallach CFO Appointed to Identiv CFO in February 20
Slide 4: Identiv Snapshot
Identiv Snapshot Technology Leading RFID(1) Use cases: Enabling use cases with 100’s of billions of unit potential. Next-generation NFC(2) & sensor technology to expand use cases Complete life-cycle provider: Design à prototype à pilot à ramp à scale production: low risk, high quality, speed to mark
Slide 5: Our Vision: Software-enabling the Physical World
Our Vision: Software-enabling the Physical World RFID embedded in every item to make the physical world digital Our RFID devices have been integrated into over 1½ Billion physical internet of things worldwide Sensor-enabled RFID: Temperature, pressure, shock, humidity, authenticity, personalization
Slide 6: NFC/RFID: Industry Growth Inflection Point
NFC/RFID: Industry Growth Inflection Point CVS Spoken RXTM leverages RFID to read prescription information out loud for visually impaired customers RFID/NFC instrumented prefilled syringe: verifies time, place, medication of each injection Nike NFC allows fans to leverage NFC to unlock exclusive con
Slide 7: Customer Partnerships: Identiv's Leading Innovation Advantage
Customer Partnerships Identiv’s Leading Innovation Advantage: 10+ Years, Deep IP, Trusted by Leaders IDENTIV INNOVATION CYCLE Vertically integrated and fast response Fast delivery from ideation à initial protype à full scale development World-class RFID design & scale-up expertise Quickly advance te
Slide 8: Pipeline Development
Pipeline Development Mobile Device Accessories: NFC/RFID Reliability & Quality experience in noisy RF space Pivotal role in market growth: Unique designs for Industry-leading companies + market-leading technology launches Design Wins Technology Launches Tag on Metal (patented): Personal Transportati
Slide 9: Our Business Segments
Our Business Segments IDENTITY SEGMENT 39% of FY2020 Total Revenue Products to digitally enable and secure every physical place Security across access control, video intelligence, audio, access readers, and identities to governments & enterprises Software-enabling IoT security devices 61% of FY2020
Slide 10: Customers & End Users: Innovative Market Leaders
Customers & end users: Innovative Market Leaders…. Technology leadership has built a global customer base of the most innovative, market-leading customers Global Customers and End Users Across Broad Range of End Markets Financial Services Retail Healthcare Consumer Other(1) 170+ Banks Worldwide (1)
Slide 11: Most Demanding Security End Users
…Most Demanding Security End Users High security engineered into every device: Data integrity, security, encryption, FIPS & HIPAA compliance, trusted for the most critical security needs Strong Government Customer Base and End Users 2 Dozen Embassies U.S. Civilian U.S. Military International Mission
Slide 12: Key Customer Design Win Cases
Key Customer Design Win Cases The most demanding customers, the most critical use cases: Identiv is the trusted partner Leading Mobile Device Manufacturer The White House CVS EastWest Bank New category of NFC-enabled intelligent phone accessories launched by industry leader Applications include paym
Slide 13: RFID Market Taking Off
RFID Market Taking Off RFID sales up 100% year-over-year for the 2nd consecutive quarter Shipped +130 million units & increased AUP by 20% in FY 2020 Over 150 active customers à 100% customer retention in 2020 Growth indicators: Customer launches Design wins Recent technology launches: temperature (
Slide 14: Strength in Federal Government
Strength in Federal Government Federal sales grew 30% year-over-year Growth drivers: Technology strength & high security products and platforms Work-from-home & work-mobile: new, urgent security needs Recurring Revenue & Customer Retention Launched subscription services for entire physical security
Slide 15: Recent Results & Momentum: Q4'20
Metric Q4’20 FY 2020 Revenue $24.8M +31% $86.9M +4% Recurring Revenue 6% 7% GAAP Gross Margin 35% 39% Non-GAAP Gross Margin 36% 40% GAAP Net Income (Loss) $(0.7M) $(5.1M) Non-GAAP Adj. EBITDA $/Margin $1.4M/ 6% $4.4M/ 5% EPS (GAAP) $(0.05) $(0.34) Cash Flows From Operating Activities (GAAP) $3.6M $(
Slide 16: Segment Revenue & Non-GAAP Gross Margin
© 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE Please refer to a reconciliation of Non-GAAP to GAAP later in this presentation or in the Q4 2020 earnings release dated March 4, 2021. May include rounding differences. Please refer to a reconciliation of Non-GAAP to GAAP later in this prese
Slide 17: Total Revenue, Adjusted EBITDA and Operating Expenses
Please refer to a reconciliation of Non-GAAP to GAAP later in this presentation or in the Q4 & FY 2020 earnings release dated March 4, 2021. May include rounding differences. © 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE Please refer to a reconciliation of Non-GAAP to GAAP later in this
Slide 18: Q4 2020 Cash Flow and Balance Sheet
Q4 2020 Cash Flow and Balance Sheet (in $M) Assets Q4’19 Q3’20 Q4’20 Equity & Liabilities Q4’19 Q3’20 Q4’20 Cash Flow Q4’19 Q3’20 Q4’20 Cash & cash equivalents 9.4 12.3 11.4 Accounts payable 8.8 9.5 11.0 From operations (0.9) (1.1) 3.6 Accounts receivable 18.4 20.4 18.9 Financial liabilities 14.2 23
Slide 19: 2021 Strategic Priorities and Business Drivers
RFID: Massive & expanding TAM Core driver for growth: continued market leadership and increasing predictability Market opportunity: hundreds of billions of units, pervasive use cases Federal government expansion 30% growth trend continuing Leading security reputation with flagship security adopters
Slide 20: Investment Thesis
Investment Thesis Inflection point: Booming RFID market Use cases with multi-billion-unit market potential launching now Launches scaling up & use cases multiplying Technology leader: patented technology & IP Trusted First-mover: Design wins with early adopters Technology lead and scale-up advantage
Slide 21: Appendix
Appendix © 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE
Slide 22: Identity Segment: RFID becoming pervasive
RFID becoming pervasive with devices & infrastructure Competitive forces drive industries to follow early-adopters Identity Digitally enabling and securing every physical thing Embedded RFID solutions to make digital and physical devices responsive, secure, feature- rich, interactive and customer- c
Slide 23: Premises Segment: Why Identiv Wins
Cyber breaches driving much greater cyber security requirements Technology driving accelerated upgrade cycles IT teams taking over physical security Premises Why Identiv Wins $11.9 $17.1 Segment Description Products Key Growth Drivers First-mover advantage with patented technology & trade secrets Hi
Slide 24: Income Statement
Income Statement (unaudited, in $’000) © 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE
Slide 25: Balance Sheet
Balance Sheet (in $’000) © 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE
Slide 26: Operating Results & Non-GAAP Adjusted EBITDA Reconciliation
Operating Results & Non-GAAP Adjusted EBITDA Reconciliation (in $M) © 2021 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE