Idex Biometrics Asa · OSL:IDEX
Idex Biometrics Asa — Investor Presentation (November 2021)
22 slides from Idex Biometrics Asa's investor presentation, Nov 8, 2021
Slide 1: Enabling NextGen Smart Cards for Payments & Card-based Applications
Enabling NextGen Smart Cards for Payments & Card-based Applications November 2021 Oslo Børs: IDEX Nasdaq: IDBA Copyright © 2021 IDEX Biometrics
Slide 2: Disclaimer
Disclaimer This presentation includes 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 projections about global economic c
Slide 3: IDEX Biometrics – The Next Generation of Payments
IDEX Biometrics – The Next Generation of Payments $$ Multi-billion Market Opportunity Superior Biometric Performance Disruptive System Costs Capturing a Market Inflection Point
Slide 4: Highly Experienced Leadership Team
Highly Experienced Leadership Team Vince Graziani Catharina Eklöf Jamie Simms CEO CCO CFO Stan Swearingen Anthony Eaton Fred Benkley Chris Ludden SVP-Strategy CTO SVP-Innovation SVP-Engineering 4 Copyright © 2021 IDEX Biometrics
Slide 5: The Case for Card-based Fingerprint Authentication
The Case for Card-based Fingerprint Authentication Reduced fraud: Challenges Secure, high-value contactless transactions Fraud Identity protection: Encrypted biometric data; stored only on the card Security Ease of use: User Convenience Simple, low-cost enrolment Seamless user experience Card Econom
Slide 6: The Opportunity
The Opportunity Copyright © 2021 IDEX Biometrics
Slide 7: Rapid Scaling of Biometric Payment Cards
Rapid Scaling of Biometric Payment Cards Total market: ~5 Billion smart cards per year â–¬ Includes all cards with secure element Addressable Market: payment cards â–¬ >3.0 billion payment smart cards per year Serviceable Market: dual interface payment cards â–¬ >1.9 billion contactless cards per ye
Slide 8: Primary Target: Biometric Payment Cards
Primary Target: Biometric Payment Cards Yearly Issuance of Payment Card Types 2021: A Market Inflection Point Biometric Cards Contactless Cards Payment Infrastructure Already in Place Pin and chip Cards Standards established and certifications in place Total Payment Cards 3 Bn Banks and issuers laun
Slide 9: China's Digital Currency Initiative Could Double our SAM
China’s Digital Currency Initiative Could Double our SAM China’s central bank and digital currency: e-CNY ….IDEX partners engaged with all 6 regional banks; two bank trials announced so far… >400 million people targeted by this central bank initiative (six participating regional banks) Initial deplo
Slide 10: Long-term Vision: Universal Security Device
Long-term Vision: Universal Security Device Biometrically-enabled cards secure a range of applications Payment (card present and card not present) Central Bank Digital Currency (CBDC) wallet Public Transportation / Ticketing Cyber Security/Data Access Control Healthcare and Government ID An off-clou
Slide 11: Competitive Advantage
Competitive Advantage Copyright © 2021 IDEX Biometrics
Slide 12: Superior Technology Drives Differentiation
Superior Technology Drives Differentiation Disruptive card architecture Disruptive cost Performance leadership Versatile enrollment options Flexible and comprehensive solution 12 Copyright © 2021 IDEX Biometrics Copyright © 2021 IDEX Biometrics
Slide 13: The TrustedBio Architectural Advantage
The TrustedBio Architectural Advantage IDEX TrustedBio Commodity Sensor Card Architecture Card Architecture Simple Bill of Materials (BOM) driven by integration: Complex Bill of Materials required: TrustedBio System in Package • Silicon Sensor EMVco – Certified Secure Element • MCU: biometric proces
Slide 14: Infineon Partnership Enables Complete Solution
Infineon Partnership Enables Complete Solution Accelerates time to revenue and improves margins Infineon SLC38 IDEX Latest Generation TrustedBio Max Secure Element Fully integrated design enables: • Lowest cost profile of any solution • Rapid time to market Game changing performance: • Biometric pro
Slide 15: Ecosystem Partners are Key to Sales Strategy
Ecosystem Partners are Key to Sales Strategy IDEX works jointly with partners to drive demand across the value chain Secure Elements Card Manufacturers Banks and Issuers Inlay Personalization Sensor/Matcher/OS Processors IDEX and technology partners IDEX and card manufacturing partners • Drive desig
Slide 16: 2021: A Pivotal Year for Commercialization
2021: A Pivotal Year for Commercialization IDEX/Infineon IDEMIA gaining Network Unlocking platform with Staying ahead of significant certification for another $1B+ industry leading competition market traction IDEX solutions SAM: e-CNY performance Infineon is the Building order TrustedBio MAX™: world
Slide 17: Financial Profile
Financial Profile Copyright © 2021 IDEX Biometrics
Slide 18: Q3 2021 Financial Summary
Q3 2021 Financial Summary Early revenue trends are positive • Growth of initial shipments for payment Summary Profit & Loss Statement ($000) Q3 2021 Q2 2021 Q1 2021 Q4 2020 Q3 2020 • Sustained shipments for logical access Product $ 731 $ 696 $ 623 $ 593 $ 246 Expenses under control Services 1 1 1 5
Slide 19: Strong Operating Leverage in Long-term Model
Strong Operating Leverage in Long-term Model Potential for extraordinary revenue growth Expanding opportunity pipeline Rapidly increasing backlog and pending design wins Target Operating Model at Scale: Scalable fabless semiconductor model 50%+ gross margins • Consistent with fabless model, solution
Slide 20: Summary
Summary Copyright © 2021 IDEX Biometrics
Slide 21: IDEX Biometrics – Differentiated and Disruptive
IDEX Biometrics – Differentiated and Disruptive $$ Massive Addressable Market: Payment cards, Digital Currencies, Cyber Security, and adjacent markets Superior Biometric Performance: Enabling a secure and seamless user experience at ground-breaking transaction speeds Disruptive System Costs: Unique
Slide 22: Thank you!
Thank you! Copyright © 2021 IDEX Biometrics
IDEX Biometrics — Investor Presentation (November 2021) on 6ix