Slide 1: Enabling NextGen Smart Cards for Payments & Card-based Applications
Enabling NextGen Smart Cards for Payments & Card-based Applications Quarterly Presentation for Q1 2022 May 2022 Oslo Børs: IDEX Nasdaq: IDBA Copyright © 2022 IDEX Biometrics ASA
Slide 2: Disclaimer
Disclaimer This presentationincludes forward-looking informationandstatementsthataresubject torisksanduncertainties thatcouldcause actualresults to differ. Suchforward-looking informationand statements are based on currentexpectations, estimates and projections about global economic conditions, the
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 3 Copyright © 2022 IDEX Biometrics ASA
Slide 4: The Case for Card-based Fingerprint Authentication
The Case for Card-based Fingerprint Authentication Ease of use: Challenges ? Simple, low-cost enrolment ? Seamless user experience User Experience Identity protection: ? Encrypted biometric data; stored only on the card Security Fraud mitigation: ? Secure, high-value Fraud contactless transactions E
Slide 5: The Opportunity
The Opportunity Copyright © 2022 IDEX Biometrics ASA
Slide 6: 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–¬ >2 billion contactless cards per year
Slide 7: Recent Biometric Payment Cards Launches by IDEMIA
Recent Biometric Payment CardsLaunches by IDEMIA Rocker TouchVisa cardlaunched February • Visa corporate payment card launched April • â–¬ Successful deployment, demand > expectations â–¬ Innovative, online expense management application for businesses â–¬ Based on IDEMIAF.CODE, utilizingTrustedBio
Slide 8: Accelerating Launch Activity
Accelerating Launch Activity Europe • > Six major bank launches in 2022 • ~100M biometric cards TAM in 2025 • Acceleration driven by challenger banks • Preference for contactless (hygiene) cases • Brazil & Mexico launches i • > 10 launches in pipeline • Crypto hard wallets • Fraud and convenience dr
Slide 9: 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) Cybersecurity / Data Access Access Control (Physical) Central Bank Digital Currency (CBDC) wallet Public Transportation / Ticketing Healthcare and Govern
Slide 10: Competitive Advantage
Competitive Advantage Copyright © 2022 IDEX Biometrics ASA
Slide 11: Superior Technology Drives Differentiation
Superior Technology Drives Differentiation Disruptive Card Architecture Disruptive Cost Performance Leadership Versatile Enrollment Options Flexible and Comprehensive Solution 11 Copyright © 2022 IDEX Biometrics ASA
Slide 12: IDEX Enables Seamless Customer Experience
IDEX Enables Seamless Customer Experience Enrolment is critical for market scaling Larger sensors improve user experience IDEX TrustedBio Competition 1 < 6 touches to enroll 2 Industry-leading anti-spoof 3 End to end transaction is 1 ⁄ 2 sec âœ~ ✓ 6 Touch enroll 13 Touch enroll for Performance excee
Slide 13: Our Turnkey Solution Is Accelerating Development
Our Turnkey Solution Is Accelerating Development Largest system integrator in Japan Payment cards and Digital Access cards Payment cards and Digital Access across SEA – TAM > 5MN cards Turkey is Europe’s largest payment market, with 260M cards Top 10 card manufacturer globally; certified by VISA, Ma
Slide 14: 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/EMV modules Personalization Sensor/Matcher/OS Processors IDEX and technology partners IDEX and card manufacturing partners •
Slide 15: Performance Highlight
Performance Highlight Copyright © 2022 IDEX Biometrics ASA
Slide 16: Q1 2022 Highlights
Q1 2022 Highlights Bank Launches Certified Design Wins for Biometric Cards IDEX/Infineon Solution 3 commercial launches 3 cards in production 6 new cards coming to market in ‘22 >10 launches planned for ‘22 16 Copyright © 2022 IDEX Biometrics ASA
Slide 17: Q1 2022 Financial Summary
Q1 2022 Financial Summary Summary Profit & Loss Q1 2022 Q4 2021 Q3 2021 Q2 2021 Q1 2021 ($ 000) Revenue trends remain positive • Product 989 787 731 696 623 Continued growth in payments Services — 1 1 1 • Sustained shipments for logical access First shipments for Cyber/Access control Total Revenue $
Slide 18: 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 OperatingModel at Scale: ? Scalable fabless semiconductor model ? Long-term goal of 50%+ gross margins • Consistent wit
Slide 19: Summary
Summary Copyright © 2022 IDEX Biometrics ASA
Slide 20: IDEX Biometrics – Differentiated and Disruptive
IDEX Biometrics – Differentiated and Disruptive $ Massive Addressable Market: Payment cards, Cybersecurity / Data Access, Digital Currencies, and other adjacent markets Superior Biometric Performance: Enabling a secure and seamless user experience at ground-breaking transaction speeds Disruptive Sy
Slide 21: Thank you!
Thank you! Copyright © 2022 IDEX Biometrics ASA