Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q3 2024 Earnings Presentation
17 slides from Next Biometrics Group Asa's earnings presentation, Nov 6, 2024
Slide 1: Q3 Presentation
NEXT BIOMETRICS GROUP ASA Q3 Presentation November 6, 2024
Slide 2: Disclaimer
Disclaimer 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 projec
Slide 3: Today’s speakers
Today’s speakers Ulf Ritsvall Eirik Underthun CEO, NEXT Biometrics CFO, NEXT Biometrics
Slide 4: Agenda
Agenda 1) Q3 Summary and Business Update 2) Product updates • NEXT FAP30 • Expanding PC offering • New Government-ID product 3) Q3 Key Figures 4) Outlook 5) Q&A NEXT BIOMETRICS GROUP ASA
Slide 5: Key developments
Key developments Best quarter ever Q3 Revenues at NOK 27.6 million (up 360% compared to Q3 2023) Gross Margin of 52% (improved from 37%1) in Q3 2023) 4 new design wins (59 accumulated) Expanding PC portfolio Developing new Government-ID product 1) Gross margin adjusted for inventory write-downs NEXT
Slide 6: Business updates
Business updates Strengthening Presence in China and Beyond – Successfully shipped additional order for China ID this quarter – Actively pursuing leads and future orders in banking, finance, and healthcare – Collaborating with OEM partners for deployments across China, Africa, and Asia, including In
Slide 7: Expanding PC portfolio
Expanding PC portfolio Grow our revenue by offering additional products in the PC Portfolio Why? Complementing product PC portfolio and offering stand-alone TouchPad for Laptops Partner has a proven track record with key OEMs such as Huawei, Samsung, Toshiba and Acer How? NEXT is expanding its PC po
Slide 8: NEXT FAP30 under development
NEXT FAP30 under development NEXT FAP30 product development • First pre-engineering sensors received and tested – Results are excellent! • Addressing market segments with higher security and quality requirements than FAP20 • FAP30 is based on the NEXT Biometrics´ patented Active Thermal® technology
Slide 9: New government-ID product
New government-ID product New integrated government-ID product targeted for Aadhaar and MOSIP-markets (Asia and Africa) Maintaining gross margins and higher ASP by developing a more comprehensive and integrated product ACPL Purchase Order commitment of USD 3.2 million over 18 months following certif
Slide 10: Q3 Financials
Q3 Financials
Slide 11: Q3 2024 Key Figures Profit and loss
Q3 2024 Key Figures Profit and loss Revenues – NOK 27.6 m vs. NOK 6.0 m in Q3 2023 NOK million Q3 2023 Q3 2024 Gross margin – Adjusted Gross margin1) of 52% vs. 37% in Q3 2023 Revenue 6.0 27.6 Operating expenses COGS (3.7) (13.3) – OPEX ex. options of NOK 15.7 m vs. NOK 12.8 m in Q3 2023 Gross margi
Slide 12: Rapid increase in revenues
Rapid increase in revenues Targeting to further improve working capital efficiency Revenues per quarter (MNOK) Gross working capital1) as % of Strategic Working Capital last 6 months revenues Management for High-Growth Phase Ensuring Product Availability 30 300% – High inventory levels and flexible
Slide 13: Strong gross margin and improved adjusted EBITDA
Strong gross margin and improved adjusted EBITDA Gross margin (%) Adjusted EBITDA1) Observations per quarter (MNOK) Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Continued high gross margin in Q3; 60% 0 favorable product mix with high 50% -2 FAP20 and China-ID portion -4 Improved adjusted EBITDA followi
Slide 14: Outlook
Outlook
Slide 15: Outlook
Outlook Significant Revenue Growth – Anticipating continued very strong revenue growth in 2025 – Secured Revenue Pipeline of NOK 550 million, with substantial potential for further growth from both existing and new customers Targeting Profitability – Expecting gross margin of over 50% in Q4 2024 and
Slide 16: Q&A
Q&A
Slide 17: nextbiometrics.com
nextbiometrics.com
NEXT Biometrics Group — Q3 2024 Earnings Presentation on 6ix