Slide 1: Biometrics Simplified
aS] — Biometrics Simplified@as yy, ~ Py AWAR
Slide 2: Safe Harbor Statement
Safe Harbor Statement Portions of this presentation contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue, earnings and non-recurring charges, the growth of the biometrics markets, and statements abou
Slide 3: Biometrics Simplified, Trusted Since 1993
Biometrics Simplified Trusted Since 1993 We are a global biometric identity platform company that uses data science, machine learning, and artificial intelligence to address everyday business and identity challenges through biometric solutions.
Slide 4: Identity-Centric Solutions: Typical Use Cases
Aware Balances Security and Customer Experience with our Identity-Centric Solutions. Cybersecurity Compliance Fraud Prevention Brand Experience Operational Efficiency Automation TYPICAL USE CASES Improving Your Business Results Through Biometrics
Slide 5: At the Helm of a Growing Market
1. Marketsandmarkets Market drivers are universal across industry verticals. Consumer demand for convenience Need for business efficiencies Consumer biometric adoption New government regulations Instances of identity fraud Occurrence of data breaches At the Helm of a Growing Market Global biometric
Slide 6: Core Applications and Focus Areas
Core Applications Enrollment Verification Authentication Identification Diverse Application Potential Positions Aware for Growth Aware’s offerings can address use cases across the entire global biometric system market. Aware is prioritizing select use cases and verticals for its next stage of growth
Slide 7: Artificial Intelligence is Changing the Fraud Landscape
Artificial Intelligence is Changing the Fraud Landscape To combat fraud, enhance cybersecurity, meet compliance and increase customer satisfaction, Aware is called upon to cross the boundaries and provide a solution, platform, framework or components. As Deepfakes Continue to Rise, the Need for Iden
Slide 8: Navigating the Future of Biometric Security with Aware
Navigating the Future of Biometric Security with Aware A Global Leader Positioned for Sustainable Growth A pioneer in transforming global security landscapes through biometric solutions. A 30-year legacy of innovation, trust, and market leadership in biometric technology. Serves prestigious clients
Slide 9: Undervalued Excellence
Undervalued Excellence Strong Financial Health & Compelling Value Proposition All numbers as of Mar. 31, 2024. $28.5M in Cash, Cash Equivalents & Marketable Securities $0 No Debt 38% Insider Ownership ~80 Patents & Numerous Trade Secrets 4 Cutting-Edge Technology Offerings 50+ Industry-Leading Techn
Slide 10: Financial Foundation for Growth: 2020 through 2023 Performance
FY20 $11.3 FY21 $16.9 FY22 $16.6 FY23 $18.2 (in millions) 2020 thru 2023 PERFORMANCE 15% Top Line Revenue CAGR 20% ARR & Recurring Revenue Growth > 90% Gross Margins FY23 HIGHLIGHTS: 14% Top Line Growth 23% ARR Growth 92% Gross Margins FOCUS MOVING FORWARD: Double Digit Growth & Profitability Increa
Slide 11: Setting the Standard in Biometrics: An Original Innovator
20+ Countries 100+ Commercial Leaders 80+ Government Agencies 20+ Industry Partners TRUSTED BY: AWARD WINNING COMPLIANT Setting the Standard in Biometrics: An Original Innovator CUTTING-EDGE ~80 U.S. & International Patents Aware is leading the convergence of Identity, Biometrics, AI and Cybersecuri
Slide 12: Accelerating Biometric Adoption: Leading Without Bias
Accelerating Biometric Adoption: Leading Without Bias Aware is the Leader. Best-in-class at preventing bias in biometric technologies. One of the biggest hurdles of biometrics adoption in the US is a perception that biometric technology is inherently biased depending on race and gender. If there is
Slide 13: Aware's Innovation & Transformative Journey
Aware's Innovation & Transformative Journey Transforming Industry with Biometrics Biometric Components & Frameworks Providing individual elements for customers to build their own solutions. PAST Customer Managed Workflow Biometric Solutions Provider Transforming industry with sector-specific, pre-co
Slide 14: Secure Identity Solution
Secure Identity Solution Verify | Enroll | Authenticate Automated Biometric Identification System (ABIS) Capture | Identify | Examine Biometric Integration Hub Integrate | Orchestrate | Store & Forward | Transform | Transact | Search Biometric Microservices Face | Finger | Voice | Iris | 1:1 | 1:N |
Slide 15: Trusted to Solve Biometric Challenges on a Global Scale
Trusted to Solve Biometric Challenges on a Global Scale International footprint with large and strategic commercial organizations and government departments TRUSTED BY: All 3 Branches of U.S. Gov’t. 60+ Partners 20+ Countries 20+ Financial Institutions 150+ Law Enforcement Agencies Example Customers
Slide 16: From Vision to Impact: Real-World Success Stories
Government sector: A large US department was able deploy a global web-based background check system leveraging Aware technology. This enabled govt employees to be onboarded faster and lower operating costs with no degradation in security level From Vision to Impact Real-World Success Stories of Awar
Slide 17: Aware's Multifaceted Growth Strategy
Defining Digital Transformation: Aware's Multifaceted Growth Strategy CUSTOMER BASE Cross-sell and upsell the strong customer base through targeted expansion strategies led by Customer Success. STRATEGIC M&A Identify and engage strategic acquisitions and collaborations to broaden capabilities and re
Slide 18: Invest in the Future: Seizing the Aware Opportunity
Invest in the Future Seizing the Aware Opportunity Amidst a World of Growing Digital Transformation Poised for sustainable ARR growth and profitability Financial foundation for growth Leverage strategic partnerships and continued direct success Continued innovation Diverse catalysts Aware represents
Slide 19: Secure the Future with Aware
Secure the Future with Aware Explore Stay Informed Visit Follow Join Us on the Journey to Transform Industry with Biometrics Explore Partnerships: For those interested in exploring strategic partnerships, our doors are open to discuss how we can create mutual value. Stay Informed: Sign up for our ne
Slide 20: Aware contact and investor relations details
Aware 76 Blanchard Road, Suite 200 Burlington, Massachusetts 01803 Tel: (781) 687-0300 Email: ir@aware.com Gateway Investor Relations Tel: (949) 574-3860 Email: AWRE@gateway-grp.com
Slide 21: Appendix
Appendix
Slide 22: Customer Case Study: LATAM Bank
CUSTOMER CASE STUDY: LATAM Bank THE CHALLENGE Experiencing a new, highly sophisticated form of attack that was penetrating the security layers it had in place. Needed to stop sky-rocketing rates of fraud. THE SOLUTION Aware in-house R&D team implemented advanced technology enabling the detection pre
Slide 23: Customer Case Study: Global Digital Identity Company
CUSTOMER CASE STUDY: Global Digital Identity Company THE CHALLENGE Need liveness but couldn’t find coverage for each type of interaction/deployment Needed many vendors to cover all needs. THE SOLUTION Can use Aware’s technology or their own interface, depending on the use case. Consolidated to a sin
Slide 24: Customer Case Study: Workflow Management Provider
CUSTOMER CASE STUDY: Workflow Management Provider THE CHALLENGE Onboarding new loan customers required customers to visit and sign a physical contract at a brick-and-mortar location. Needed a user friendly remote or mobile capability Needed to insure security level while improving the user experienc
Slide 25: Customer Case Study: US Government Department
CUSTOMER CASE STUDY: US Government Department THE CHALLENGE Need to deploy a global web-based employee and contractor background check system that would not store any Personally Identifiable Information (PII) At the time there was no widely available system on the market which met their needs. THE S
Slide 26: Customer Case Study: US Police Department
CUSTOMER CASE STUDY: US Police Department THE CHALLENGE Necessity to solve more cold cases No technology or bandwidth available in the market to effectively check existing evidence against new arrestee records. THE SOLUTION Program developed to help new users effectively use Aware’s technology. Late