Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q3 2023 Earnings Presentation
16 slides from Next Biometrics Group Asa's earnings presentation, Nov 1, 2023
Slide 1: NEXT Biometrics Group ASA Q3 Presentation
NEXT BIOMETRICS GROUP ASA Q3 Presentation November 1, 2023 nextbiometrics.com
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 BILD BILD Ulf Ritsvall Eirik Underthun CEO, NEXT Biometrics CFO, NEXT Biometrics 3
Slide 4: Agenda
Agenda 1. Introduction New CEO 2. The Biometric Market and NEXT Biometrics’ Positioning 3. Q3 Highlights 4. Outlook 5. Q&A 4
Slide 5: Ulf Ritsvall
Ulf Ritsvall New CEO of NEXT as per October 1, 2023 • Previously Senior Vice President, Sales and Marketing, at NEXT • Prior to joining NEXT, 25+ years experience from executive positions in the biometrics and telecom industry BILD • Unique industry knowledge and large network – lived and worked in
Slide 6: The Biometric Market
The Biometric Market 1. China, India, Brazil and the US are the largest markets 2. NEXT's product offering target the high-security market segments • Public Security • Access Control • Payments & Fintech • Office & Notebook 3. Three sensor technologies dominate today: optical, capacitive and thermal
Slide 7: Starting to Capitalize on unique position
Starting to Capitalize on unique position An average of three design-wins, each quarter, provides NEXT with a stable 1. Disruptive fingerprint sensors – security certified long-term revenue growth. by FBI, UIDAI/Aadhaar 2. Secured 44 design- wins and volume contracts with key Original Equipment Make
Slide 8: From design-win to revenue
From design-win to revenue From innovation to product (illustrative example) 8
Slide 9: Q3 Highlights
Q3 HIGHLIGHTS NEXT BIOMETRICS GROUP ASA
Slide 10: Q3 2023 - Summary
Q3 2023 - Summary Key developments in the quarter Annual 2024 revenue potential (MNOK) • 3 new design-wins (44 accumulated) USDm Already in place contracts 22 • Low Q3 Revenues (NOK 6 million) 20 • Low Q3 Notebook sensor shipments; global laptop market is awaiting 2024 and the 18 three-year refreshm
Slide 11: Q3 2023 - Key Figures
Q3 2023 - Key Figures Profit and loss Revenues NOK million Q3 2022 Q3 2023 NOK 6.0 m vs. NOK 14.4 m in Q3 2022 Revenue 14.4 6.0 Gross margin • Adjusted Gross margin1) of 37% vs. 38% in Q3 2022 COGS (7.8) (9.0) Operating expenses • OPEX ex. options of NOK 12.8 m vs. NOK 13.4 m in Q3 2022 Gross margin
Slide 12: India has already taken off
India has already taken off Previous communication Recent Developments and Outlook • Aadhaar’s upgrade to the next generation security • The certification processes are speeding up: one of continues. The new L1 certificate now mandatory. L1 NEXT’s partners already L1 certified now deployed • Large b
Slide 13: China taking off
China taking off Previous communication Recent Developments and Outlook • NEXT addressing both China ID and non-China ID • Ongoing China macroeconomic challenges, yet - NEXT products expects that the Chinese biometric market will increase in 2024 compared to 2023 • Secured contracts estimated value
Slide 14: Outlook
Outlook • NEXT expecting revenues of NOK 15+ million in Q4 • NEXT is expecting EBITDA break-even in Q1/Q2 2024 • Already secured contracts and design-wins with NOK 200 million in total annual revenue potential • Potential growth beyond this is large, both from already existing customers and new pote
Slide 15: NEXT Biometrics Group ASA
NEXT BIOMETRICS GROUP ASA
Slide 16: nextbiometrics.com
nextbiometrics.com NEXT BIOMETRICS GROUP ASA
NEXT Biometrics Group — Q3 2023 Earnings Presentation on 6ix