Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q2 2024 Earnings Presentation
17 slides from Next Biometrics Group Asa's earnings presentation, Aug 20, 2024
Slide 1: Q2 Presentation
NEXT BIOMETRICS GROUP ASA Q2 Presentation AUGUST 20, 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) Q2 Summary and Business Update 2) Current revenue pipeline 3) FAP30 and Distributor updates 4) Q2 Key Figures 5) Outlook 6) Q&A NEXT BIOMETRICS GROUP ASA
Slide 5: Key developments in the quarter
Key developments in the quarter Q2 Revenues at NOK 18.3 million (up 150% compared to Q2 2023) Record-high Gross Margin of 57% (improved from 17% in Q2 2023) 5 new design wins (55 accumulated) First shipment of China-ID sensors NEXT BIOMETRICS GROUP ASA
Slide 6: Business updates
Business updates China – Successfully shipped the first China ID order this quarter – Formed a strategic joint-venture with Wiser in China, streamlining participation in tier-1 tenders – Gained access to top-tier markets in banking, finance, and healthcare – Enhanced competitiveness, with anticipate
Slide 7: New Country Added: Pakistan
New Country Added: Pakistan Population of Pakistan : 150 Million - Already enrolled 90 million citizens National Database & Registration Authority (NADRA): Central agency that manages the citizen database of Pakistan – Issues a CNIC (Computerised National Identity Card) to every citizen for – Voting
Slide 8: Current revenue pipeline
Current revenue pipeline Revenue backlog from current customer engagements and contracts1) MNOK 600 500 400 300 200 100 0 2024 2H and 2025 2026+ Total 1) Includes announced contracts, purchase orders, and customer forecasts in frame agreements. NEXT BIOMETRICS GROUP ASA
Slide 9: FAP30
FAP30 FAP30 Product Development – Focusing on market segments with even higher security requirements than on FAP20 – FAP30 is based on the NEXT Biometrics´ patented Active Thermal® technology – First engineering sample planned for Q4 2024 (MP during 2025) FAP30 Key Product Features – Better biometri
Slide 10: Distributors
Distributors 55 design wins, Mainly 7 distributors contributing Expanding in defined market segments and with multiple different customer products Largest short term volume potential in India and China China/Japan EU/Africa APAC Americas NEXT BIOMETRICS GROUP ASA
Slide 11: Q2 Financials
Q2 Financials
Slide 12: Q2 2024 Key Figures Profit and loss
Q2 2024 Key Figures Profit and loss Revenues – NOK 18.3 m vs. NOK 7.3 m in Q2 2023 NOK million Q2 2023 Q2 2024 Gross margin Revenue 7.3 18.3 – Adjusted Gross margin1) of 57% vs. 17% in Q2 2023 COGS (6.1) (8.0) Operating expenses – OPEX ex. options of NOK 17.0 m vs. NOK 14.4 m in Q2 2023 Gross margin
Slide 13: Strong growth in revenues and improved gross margin
Strong growth in revenues and improved gross margin Revenues per quarter (MNOK) Gross margin (%) 20 60% 18 50% 16 14 40% 12 10 30% 8 20% 6 4 10% 2 0 0% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 NEXT BIOMETRICS GROUP ASA
Slide 14: Outlook
i \ 4 % . _ y Outlook
Slide 15: Outlook
Outlook Secured Revenue Pipeline – Over NOK 500 million in revenue pipeline, with substantial potential for further growth from both existing and new customers Significant Revenue Growth – Anticipating strong revenue growth in 2H 2024 Targeting Profitability – Expecting gross margin of over 50% in 2
Slide 16: Q&A
Q&A
Slide 17: nextbiometrics.com
-*2e NEXT BIOMETRICS nextbiometrics.com
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