Slide 1: First Quarter 2024 Presentation
IDEX Biometrics First Quarter 2024 Presentation May 16, 2024 IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
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: Enabling the future of payments and authentication
Enabling the future of payments and authentication Multi-billion Complete Opening markets Expanding to new dollar market solutions driving by region and markets and use opportunity market adoption segment cases 3 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 4: The increasing threat from cybercrime is driving biometric adoption
The increasing threat from cybercrime is driving biometric adoption $10 trillion 61% Annual cost of Data breaches involving cybercrime compromised credentials damages by 2025 90% $48 billion Enterprises and Global cost of Commerce fraud for institutions embracing merchants in 2023 (QR Codes/ Zero Tr
Slide 5: Biometric cards provide convenience, security and data privacy
Biometric cards provide convenience, security and data privacy 01 Consumers in control of their own data Encrypted fingerprint template can’t be reverse- 02 engineered back to a fingerprint image 03 Consumer’s right to revoke consent is respected 04 Data integrity by design 5 Copyright © 2024 IDEX B
Slide 6: We differentiate through user experience, security and solution offerings
We differentiate through user experience, security and solution offerings ✅ ✅ Large area capacitive sensor for optimum End-to-end encryption and security user experience Fast transaction times with low-power Industry leading biometric algorithms battery-free design Patented enrollment solutions for
Slide 7: Achievements and milestones
Achievements and milestones Q1 2024 Achievements 2024 Upcoming Milestones ü Bank launch announcements with IDEX Pay in Asia and Europe Continued IDEX Pay bank launches in Asia and ✓ DenizBank, Turkey Europe ✓ Mutual Trust Bank, Bangladesh Market expansion of IDEX Access with partners ✓ Issuer with s
Slide 8: First Quarter 2024 Financial Summary
First Quarter 2024 Financial Summary
Slide 9: Financial summary first quarter of 2024
Financial summary first quarter of 2024 Revenues in Q1 continue to reflect the transition from component to solution sales Revenues from new customers and new products growing on a percentage basis; growing traction with customers in APAC and the US Gross margin was 36% in the first quarter OPEX bas
Slide 10: First Quarter 2024 Commercial Update
First Quarter 2024 Commercial Update
Slide 11: Laying the foundation for biometric smart cards at scale
Laying the foundation for biometric smart cards at scale Fingerprint Sensor System 11 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 12: IDEX Biometric continues its focus on removing market entry barriers
IDEX Biometric continues its focus on removing market entry barriers Mobile enrolment Cost optimization Segmented approach 12 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 13: IDEX Pay and IDEX Access
IDEX biometric card platform enables payments and enterprise authentication Payment Crypto Wallet Passwordless MFA Digital ID IDEX Pay IDEX Access 13 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 14: > 1.2 billion cards
IDEX is in commercialization with 20+ manufacturers and partners globally with a healthy growth of new customers Card Manufacturers and Partners of IDEX +73% 26 15 4 Each manufacturer’s annual production1 2021 2022 2023 Total addressable market with current manufacturing customer base 1. Sources: Ni
Slide 15: Key market implementation initiatives
Key market implementation initiatives Card Manufacturers Banks / Card Issuers Biometric Metal Cards Biometric Access Card Biometric Card Program Biometric Metal Cards Biometric Card Program Introduced at Seamless, Initial order Implemention Implementation Agreement to launch Dubai, May 2024. in prep
Slide 16: Market opportunity for biometric cards in Bangladesh
Market opportunity for biometric cards in Bangladesh Bangladeshi population 173 million 60m unbanked, women overrepresented Smart Bangladesh focusing on digital 60% of population need digital ID payments, growing at CAGR +20% solution Public and private sectors collaboration GDP growth 2024 6%, outp
Slide 17: Payment cards drive financial inclusion, biometric cards a pragmatic accelerator
Payment cards drive financial inclusion, biometric cards a pragmatic accelerator Moving from cash to cards eradicates poverty and cards 01 are growing strongly in developing markets Biometric cards bring financial inclusion with enhanced 02 security and user experiences Biometric cards remove barrie
Slide 18: Market Outlook
Market Outlook Copyright ©Copyright 2023 IDEX © Biometrics 2024 IDEXASA. Biometrics All Rights ASA.Reserved. All RightsConfidential Reserved. |
Slide 19: IDEX biometric card solutions expanding across markets
IDEX biometric card solutions expanding across markets Biometric Card Markets Payment Cards - Global Cybersecurity and Digital Access - Global Access Control (Physical) - Global Digital Currency Wallet - APAC Public Transportation - APAC Healthcare ID - APAC Government Security – APAC Consumer Devic
Slide 20: Laser focus on flawless execution and profitable growth
Laser focus on flawless execution and profitable growth Exponential market growth enabled by manufacturers scaling IDEX Pay and IDEX Access biometric platform solutions Complete solutions Opening markets by Expanding to new driving market adoption region and segment markets and use cases Acceleratin
Slide 21: IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics
IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.