Tern Plc · LSE:TERN

Tern — Investor Presentation (January 2026)

15 slides from Tern's investor presentation, Jan 8, 2026

  1. Slide 1: Tern Investor Presentation

    January 2026 Tern Investor Presentation Discovery, Automation, Compliance Darron Antill, CEO Confidential and Proprietary © 2026 Device Authority

  2. Slide 2: About Device Authority

    About Device Authority Device Authority's KeyScaler platform automates the full identity lifecycle of unmanaged IoT/OT devices from discovery and machine identity management, to AI-based risk assessment and compliance readiness. Background Team Details Device Authority is a UK Locations: • Rich Ecos

  3. Slide 3: Confidential and Proprietary © 2026 Device Authority

    Confidential and Proprietary © 2026 Device Authority

  4. Slide 4: Device Authority KeyScaler at a Glance

    Device Authority KeyScaler at a Glance 30+ Million 60+ Million 30+ 59 SaaS Device Connected Keys Provisioned Integrations Transactions Countries <10 seconds $1.5M 138% 278% To Securely 2025 ARR Net Retention Rate Customer ROI Register & Get Cert (‘23-’25 average) Case Study Slide Data is unaudited.

  5. Slide 5: A Strategic Shift in Medical, Automotive and Industrial Manufacturing: Identities are the New Perimeter

    A Strategic Shift in Medical, Automotive and Industrial Manufacturing: Identities are the New Perimeter. Compliance Cyber-attack AI & Machine Need For Risk Exposure Identity Growth Automation 60% of companies report 50% of organisations reported 81% of security leaders 66% of surveyed compliance iss

  6. Slide 6: Today's security leaders have to manage a full spectrum of identities

    Today’s security leaders have to manage a full spectrum of identities to meet Zero Trust standards: Contractors Employees Application Traditional 3rd Parties Cloud Ops DevSecOps Engineering Data Bots Workloads Apps APIs IoT/OT Admins IT Teams Scientists Workforce IT Developers Machines Resources Tar

  7. Slide 7: Which Translate into 3 Broad Management Strategies

    Which Translate into 3 Broad Management Strategies: IoT/OT Device Identities Machine Identities requiring Zero-Touch Automation Human Identities using keys and certificates augmented by Multi-Factor Auth Complexity of Access Potential for X Volume of Identities Human Error 7 Confidential and Proprie

  8. Slide 8: Device Authority Value Proposition to Customers

    Device Authority Value Proposition to Customers The purpose-built solution for addressing the full identity lifecycle of OT/IoT Devices from discovery to compliance Market Drivers Device Authority Solution Customer Value 1. Expanding Attack Surface: 1. Active Discovery: Continuous 1. Reduced Risk Ex

  9. Slide 9: Platform Overview

    Platform Overview Flexible, multitenant Connectors with top IoT cloud-native platform AI-Driven Risk built to scale out with Key Automated Platforms, CA’s, HSM’s, Scoring & large device deployments Management Lifecycle and Threat Intelligence Compliance with alignment to NIST Service (KMS) Managemen

  10. Slide 10: 5 Ways KeyScaler Delivers Key Market Value

    5 Ways KeyScaler Delivers Key Market Value 1. Device Authority’s KeyScaler® platform transforms OT/IoT device trust data into actionable intelligence. KeyScaler turns manual and costly processes into 100% automation, enabling organizations to manage millions 2. of identities simultaneously, free up

  11. Slide 11: KeyScaler as a Service (KSaaS): Cloud-Native Device Identity Automation

    KeyScaler as a Service (KSaaS): Cloud-Native Device Identity Automation and Full Lifecycle Management Across the Ecosystem 01 Automated 04 Certificate & 05 APIs PAM for IoT/OT Registration Key Management Device Security Events, 02 06 Authentication Alarms, Logs Policy Service 03 07 Management Connec

  12. Slide 12: We are evolving into a Software Platform - KeyScaler Platform Architecture

    We are evolving into a Software Platform - KeyScaler Platform Architecture KeyScaler AI KeyScaler PaaS ML for AuthZ Policy Document Ingestion Compliance Monitoring Copilot Multi-tenant DB Service Monitoring Log Store & Analysis KeyScaler Core Platform REST APIs AuthN & AuthZ Identity Provisioning KM

  13. Slide 13: KeyScaler Compliance - transforms device trust into actionable intelligence

    KeyScaler® Compliance - transforms device trust into actionable intelligence—discovering devices, automating identity lifecycles, and applying AI-driven risk & compliance scoring to meet frameworks like EU CRA, NIS2, and UN R155/156. Discovery Automation Compliance Visualization Device Discovery & I

  14. Slide 14: Go To Market Strategy - Channels For Scale And Reach

    Go To Market Strategy - Channels For Scale And Reach AUTOMOTIVE MEDICAL PUBLIC SECTOR INDUSTRIAL MFR. Vertical Markets System Integrators/MSP’s Azure/AWS Marketplace SI/MSP Partners IoT Applications Identity Partners Microsoft Cosell Partnerships & Channels AI Adoption Compliance Identity Lifecycle

  15. Slide 15: Device Transaction Automation Calculator

    Device Transaction Automation Calculator What does it show? The calculator represents the number of customer device transactions automated by KeyScaler (on- premise and KSaaS) What kinds of transactions does it include? "Device Provisioned” "Certificate Revoked" "Successful device authentication" "S

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