Identitii Ltd · ASX:ID8
Identitii — Investor Presentation (October 2018)
31 slides from Identitii's investor presentation, Oct 31, 2018
Slide 1: Investor Presentation October 2018
For personal use only Investor Presentation October 2018 Identitii enables banks and corporate customers to move beyond Know Your Customer, to have more trust in each and every transaction Know Your Transaction Identitii Ltd ASX: ID8 INVESTOR PRESENTATION // OCTOBER 2018 1
Slide 2: Disclaimer and important notice
For personal use only Disclaimer and important notice This presentation has been prepared by Identitii Limited (Identitii, Company) based The information contained in this presentation is subject to change without notice on information available to it as at the date of this presentation. The informa
Slide 3: Identitii (ASX: ID8)
For personal use only Identitii (ASX : ID8) • Australian FinTech founded in 2014 • Identitii has developed a proprietary platform enabling the secure overlay of transaction level detail on top of financial messages. It’s platform, Overlay+ is powered by a private blockchain and makes it possible for
Slide 4: The industry challenge
For personal use only The industry challenge Legacy infrastructure makes it hard for financial institutions to keep pace with regulatory changes and adapt to demands from corporate customers Growing regulatory pressure Changing demands from corporate customers § To support the increased regulatory r
Slide 5: Legacy technology restrictions
For personal use only Legacy technology restrictions Combined, 11,0002 Legacy technology Up to 8%3 of banks in the SWIFT limits the amount messages are held network send around of information that up as there isn’t 25 million2 financial can accompany a enough information messages each day message to
Slide 6: Identitii's overlay approach
For personal use only Identitii’s overlay approach Identitii uses innovative technology – a private blockchain and tokenisation – to overlay existing and emerging payment networks with rich information. This overlay approach leverages the established global membership of and trust in these networks,
Slide 7: Enhancing existing and emerging infrastructure
For personal use only Enhancing existing and emerging infrastructure 1 2 3 4 . The customer Documents related to a Identitii Tokens are The beneficiary retrieves the initiates a payment in transaction (KYC, KYT transmitted with the payment token, can access and verify their system information) are u
Slide 8: Three implementation scenarios
For personal use only Three implementation scenarios Identitii’s Overlay+ platform can be used to enrich payments transacted either within a bank, between banks or between banks and their corporate customers. This enables them to securely share documents and information between each participant in a
Slide 9: Why implement Overlay+
Why implement Overlay+ For personal use only Overlay+ helps banks and corporates Leading to Whilst § Comply with Know Your Customer and Anti-Money § Robust regulatory leveraging compliance Laundering regulations § Minimise repeat requests for information from customers investments in § Improved cost
Slide 10: Our customers
For personal use only Our customers BANKS AND CORPORATES Our target buyers are responsible for: Payments Financial crime Transaction banking Trade finance compliance Treasury and cash Accounts receivable Innovation and digital Corporate treasury management 10 INVESTOR PRESENTATION // OCTOBER 2018 10
Slide 11: The market opportunity
For personal use only The market opportunity 11,000+ US $2 TRILLION SWIFT member Open Banking5 makes Predicted global financial institutions building technology to payments revenue by globally4 integrate with internal 20206 bank systems easier Simple US $321 billion7 in Blockchain is a proven implem
Slide 12: Identitii go-to-market strategy
For personal use only Identitii go-to-market strategy • Client account management and scale based discounting to drive organic growth with existing customers • Engage new customers via relationships, marketing and sales • Maximise indirect opportunities via a strong partnership program • Establish a
Slide 13: Partners expand our reach
For personal use only Partners expand our reach The Identitii partner program is a global network of best-in class partners PARTNER TYPES: Technology Financial Services Network Partner Partner Consulting Partner Existing payment networks Offer apps or Use Identitii technology to up or such as SWIFT
Slide 14: Why and how we partner
For personal use only Why and how we partner Enterprise software companies realise around 70% of their revenue from indirect sales8 BluePrism SWIFT • 100% partner based sales model • 11,000 financial institutions in its network • Strong financial services customer base including top ten • Completed
Slide 15: Five pillar pricing strategy
For personal use only Five pillar pricing strategy IDENTITII HAS ESTABLISHED FIVE REVENUE STREAMS 80% of revenue will come from license, usage and support fees Professional Ongoing support and Usage charges Software License Site Licences services maintenance Recurring, per Monthly or annual Recurrin
Slide 16: Customer pipeline
Customer pipeline For personal use only Identitii has a strong global pipeline of banks and corporates + + + Expand existing HSBC Between 30 - 40 open Currently three relationship into new opportunities in the opportunities are at geographies pipeline at any one an advanced stage time (close / contr
Slide 17: Company timeline
For personal use only Company timeline INVESTOR PRESENTATION // OCTOBER 2018 17
Slide 18: Global commercial and technical expertise
Global commercial and technical expertise For personal use only Michael Aston Martin Rogers Independent Non-Executive Non-Executive Chairman Director Nicholas Armstrong Peter Lloyd Executive Director Independent CEO Non-Executive Director INVESTOR PRESENTATION // OCTOBER 2018 18
Slide 19: Key management
Key management For personal use only Margarita Claringbold James Andrew-Smith Ben Buckingham Chief Financial Officer Chief Information Officer Chief Operating Officer Mark Garvie Clare Rhodes Elliott Shepherd Chief Commercial Officer Chief Marketing Officer Chief Technology Officer INVESTOR PRESENTA
Slide 20: Capital structure and shareholders
For personal use only Capital structure and shareholders Capital structure10 Substantial shareholders ASX code ID8 Existing owners 73.1% Fully diluted capitalisation A$48.5m New shareholders 26.9% Ordinary shares on issue 54.5m Unlisted options 10.2m Price of offer A$0.75 per share Pro forma cash at
Slide 21: Key takeaways
For personal use only Key takeaways Large addressable Existing Tier One $15 million11 Technology That market Customer Delivers Real Value Demonstrated potential Combined, the 11,000+ HSBC in production for annual savings per Private Identitii blockchain institutions in the SWIFT network since 2017 i
Slide 22: Appendix
For personal use only Appendix INVESTOR INVESTOR PRESENTATION // OCTOBER PRESENTATION // OCTOBER 2018 2018 22 22
Slide 23: Identitii overview: use cases
For personal use only Identitii overview: use cases Enhanced financial crime compliance Receivables reconciliation Financial institutions are required to complete anti-money Reconciling payments with the purpose of a payment causes laundering (AML) and sanctions checks on outbound and operational ch
Slide 24: Blockchain overview
For personal use only Blockchain overview The Identitii private blockchain A blockchain is a growing list of records, called blocks, which Types of blockchain: are linked using cryptography. Each block contains a cryptographic hash (a mathematical representation of a piece • Public blockchains are n
Slide 25: Blockchain and Overlay+
For personal use only Blockchain and Overlay+ Overlay+ and Identitii Tokens Identitii uses a private blockchain based on Ethereum to It is this process of tokenisation that enables the accurate ensure permissioned access to the Identitii system, create retention and sharing of all of the information
Slide 26: Competitive landscape - Authentication & timestamping
Competitive landscape - Authentication & timestamping For personal use only Real-time validation and an audit A single permanent document Verification of official documents trail for the digital society catalogue for legal audits plus blockchain anchoring of data Description Description Description
Slide 27: Competitive landscape – Market infrastructure
For personal use only Competitive landscape – Market infrastructure J.P. Morgan’s Interbank Existing networks are improving R3’s Corda aspires to be the Information Network uses the payments process rails go-to DLT platform for blockchain to minimise friction financial institutions in processing glo
Slide 28: Michael Aston – Independent Non-executive Chairman
Michael Aston – Independent Non-executive Chairman For personal use only Appointed June 2018 Michael Aston is an experienced senior executive and FinTech entrepreneur with an international career in building and leading global technology businesses. In 2013, Michael was appointed Business Executive
Slide 29: Martin Rogers – Non-executive Director
Martin Rogers – Non-executive Director For personal use only Appointed January 2018 Martin is a start-up investor and company director and has a depth of experience in incubating companies and publicly listed organisations. Martin has experience in many aspects of financial, strategic and operationa
Slide 30: Nicholas Armstrong – Executive Director and CEO
Nicholas Armstrong – Executive Director and CEO For personal use only Appointed November 2014 Nicholas is an entrepreneur, with 13 years’ experience in building and scaling technology businesses. Nicholas co- founded Identitii in 2014 with Eric Knight and is also the CEO. From 2007 to 2014 Nicholas
Slide 31: Peter Lloyd – Non-executive Director
Peter Lloyd – Non-executive Director For personal use only Appointed September 2018 Peter Lloyd has over 40 years’ experience in computing technology, having worked for both computer hardware and software providers. For the past 25 years, he has been specifically involved in the provision of payment