Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q2 2023 Earnings Presentation
16 slides from Next Biometrics Group Asa's earnings presentation, Aug 23, 2023
Slide 1: NEXT Biometrics Q2 Presentation
NEXT Biometrics Q2 Presentation August 23, 2023 NEXT Biometrics
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: Agenda
Agenda • Highlights Q2 • Q2 Report • Outlook -Status and market insight • Q&A session NEXT Biometrics
Slide 4: Highlights Q2
Highlights Q2 Presented May 23, 2023, when • Adding two pillars to the foundation, won two significant FAP20 high- introducing breakthrough deal volume contracts. • Breakthrough contract with Asian distributor, estimated contract value NOK 110 – 250 million over 3 years (5yrs). • Signed a five-year
Slide 5: Q2 summary
Q2 summary NEXT Biometrics
Slide 6: Q2 2023 - Summary
Q2 2023 - Summary 1. Q2 Revenues • Temporary low Q2 Notebook sensor shipments (slower global PC market) • India L1 launched, as expected limited revenue in Q2 from India • FAP20 China foundation in preparation phase, will provide revenue from Q4 2. Gross Margin 17% (revenue & product mix contributio
Slide 7: Q2 2023 - Key Figures
Q2 2023 - Key Figures Profit and loss NOK million Q2 2022 Q2 2023 Revenues • NOK 7.3 m vs. NOK 11.7 m in Q2 2022 Revenue 11.7 7.3 Gross margin • Gross margin1) of 17% vs. 36% in Q2 2022 COGS (7.4) (6.1) Gross margin1) 4.3 1.2 Operating expenses • OPEX ex. options of NOK 14.4 m vs. NOK 14.2 m in Q2 2
Slide 8: Outlook
Outlook Status and market insight NEXT Biometrics
Slide 9: China and India are key markets
China and India are key markets China and India are expected to represent 70% of NEXT targeted annual revenues NEXT Biometrics
Slide 10: Latest status - India
Latest status - India • New L1 standard finally deployed in India • Government has given EOL (End Of Life) date as June 2023 for all L0 devices • Estimated 4.5 Million devices need to be migrated from L0 to L1 • India authorities favor Indian OEMs under the L1 tenders • New L1 tenders +300,000 major
Slide 11: Market status - China
Market status - China Two biometric market categories • Regulatory China ID certification required – Chinese authorities • No certification required – Consumer goods • NEXT addressing both categories Status NEXT and China ID • Under China ID biometric companies like NEXT required to work with approv
Slide 12: Status go-to-market - China
Status go-to-market - China NEXT has two go-to-market partners Asian distributor • NEXT exclusive preferred supplier for five key OEMs (replacing two sensor vendors) • Contract estimated contract value NOK 110 – 250 million over 3 years (5 yrs) • Public security domain, such as police, bank, healthc
Slide 13: Latest status - China
Latest status - China Asian distributor • Contract estimated contract value NOK 110 – 250 million over 3 years (5 yrs) • NEXT has insight into current inventory levels, expected volumes, timing for change of supplier and launch dates for the five OEMs • NEXT expects stocking order early Q4 23 • Init
Slide 14: Summary
Summary • China and India key for success • Volumes in sight • Set for mid/long term success NEXT Biometrics
Slide 15: QnA
QnA NEXT Biometrics
Slide 16: NEXT Biometrics Group ASA
NEXT Biometrics Group ASA www.nextbiometrics.com NEXT Biometrics
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