Identitii Ltd · ASX:ID8
Identitii — Investor Presentation (February 2020)
37 slides from Identitii's investor presentation, Feb 3, 2020
Slide 1: Know Your Transaction: Investor presentation
For personal use only Know Your Transaction Creating a new, connected ecosystem for commerce Investor presentation February 2020| Identitii Limited | ASX:ID8
Slide 2: Today
Today For personal use only Part One Part Two Part Three How we have turned Our business, Financials a problem into an and how we’ll grow and Q&A opportunity ASX:ID8 | Investor presentation | February 2020 | 2
Slide 3: Today: Part One
Today For personal use only Part One Part Two Part Three How we have turned Our business, Financials a problem into an and how we’ll grow and Q&A opportunity ASX:ID8 | Investor presentation | February 2020 | 3
Slide 4: The Problem: $9 trillion locked up on corporate balance sheets
The Problem: For personal use only $9 trillion is locked up on corporate balance sheets because of missing information.1 71% A burden on business This The benefits of information is being sent over requires humans in the chain, If this cash can be freed up, legacy channels today – fax, post and is a
Slide 5: Without information, payments are meaningless
Without information, payments are meaningless: For personal use only ASX:ID8 | Investor presentation | February 2020 | 5
Slide 6: Friction exists at every step as information moves in a linear chain
Friction exists at every step as information For personal use only moves in a linear chain ASX:ID8 | Investor presentation | February 2020 | 6
Slide 7: The solution: create an ecosystem for suppliers, buyers, banks, corporates and regulators
The solution: create an ecosystem for suppliers, buyers, For personal use only banks, corporates and regulators ASX:ID8 | Investor presentation | February 2020 | 7
Slide 8: This is all possible with no change to legacy systems
This is all possible with no change to legacy systems For personal use only Current With Overlay+ Also supported: • Invoices • Photographs • Statements • Live-chat-style • Letters real-time interactions ASX:ID8 | Investor presentation | February 2020 | 8
Slide 9: Powered by the Corda Enterprise blockchain
Powered by the Corda Enterprise blockchain For personal use only 3 Leveraging an existing banking network to reach scale. Open source. Enterprise scale. Run by financial institutions. 3. Corda is an open source blockchain protocol supported by R3. The Corda Network is a publicly-available internet o
Slide 10: Overlay+ is Identitii's software platform
Overlay+ is Identitii’s software platform that For personal use only enables connectivity to the ecosystem ASX:ID8 | Investor presentation | February 2020 | 10
Slide 11: Patent pending TokenID links up all transaction information
Our patent pending TokenID links up all the For personal use only information required in a transaction ASX:ID8 | Investor presentation | February 2020 | 11
Slide 12: Overlay+ Solution Portfolio
Overlay+ Solution Portfolio For personal use only Overlay+ ISO 20022 Overlay+ Reporting Overlay+ Counterparty Assurance Maintain data integrity across Collect, govern and share transaction Maintain open counterparty banking payment systems and message data with regulators, including formats in time
Slide 13: Global payment systems are moving to ISO 20022
Global payment systems are moving to ISO 20022 For personal use only Go Live £ 2023 Go Live Go Live 2021 2022 US$ € Go Live Go live 2024 2021 Go Live 2020 SWIFT has announced a co- existence period between old MT and ISO 20022 message formats between 2021 and 2025. It will stop supporting MT AU$ mes
Slide 14: Current migration options
Current migration options For personal use only Migrate OR Translate Revising all payment processing capabilities Translation services alone have limitations can be costly and risky, as it involves including network lock-in and the loss of changing deeply intertwined and often structure to data as i
Slide 15: Right first time AUSTRAC reporting
Right first time AUSTRAC reporting For personal use only Overlay+ Reporting helps banks and regulators manage the increasing volume of transaction data required by regulators using blockchain and tokenisation, without impacting core systems High profile cases mean 14,865 AUSTRAC reporting entities a
Slide 16: Maintain open counterparty banking relationships, even in high risk markets
Maintain open counterparty banking relationships, even For personal use only in high risk markets Overlay+ Counterparty Assurance enables permissioned sharing of KYC information and documents Bank Bank Customer Customer Improving the transparency of Know Your Customer (KYC) and Know Your Transaction
Slide 17: A global bank: an Identitii client since 2017
A global bank: an Identitii client since 2017 For personal use only Further roll out Following completion of underway into four Phase 1, Phase 2 new markets in Asia. Live with corporate commenced in March customers in India, the 2019 generating bank’s fully automated additional Digital Account reven
Slide 18: Today: Part Two
Today For personal use only Part One Part Two Part Three How we have turned Our business, Financials a problem into an and how we’ll grow and Q&A opportunity ASX:ID8 | Investor presentation | February 2020 | 18
Slide 19: Our revenue streams
Our revenue streams For personal use only API CALL FEES Fee per API call, scalable $0.01<$0.10 PROFESSIONAL BASE LICENCE SERVICES US$5k–50k per recurring One-off charges, month, includes customisation, support and training and maintenance installation ASX:ID8 | Investor presentation | February 2020
Slide 20: Our two-pronged approach to growth
Our two-pronged approach to growth For personal use only • 1 bank can access many • Corporates and SMEs in Asia- corporate customers Pacific are already preparing for open banking • Banks as a Partner (BaaP) Banks: Driving Corporates: Driving sales strategy to Identitii license fees transaction volu
Slide 21: Commenced stage 1 in our growth strategy
Commenced to stage 2 in our growth strategy For personal use only STAGE 1 STAGE 2 STAGE 3 Expand the HSBC partnership Develop partnerships with Develop bank partnerships Live in India | Launching in 4 other local banks in Asia Pacific globally APAC markets in 2019 Focusing on key markets: Australia,
Slide 22: Driving transaction volume through corporate enablement program
For personal use only Driving transaction volume through corporate enablement program 763b 12 non cash transactions globally 513b12 non cash transactions in APMEA & all of Europe 372b12 non cash transactions in APMEA & CE 266b12 non cash transactions in all of Asia Pacific 73b1 non cash transactions
Slide 23: Expanding reach through partnerships
Expanding reach through partnerships For personal use only ISO 20022 partnership Microsoft ‘Co-Sell Ready’ • Leading message transformation • Commercial opportunities within software provider, Trace Financial Microsoft’s global customer base • Jointly targeting SWIFT member banks to • Opportunity to
Slide 24: Recent progress
Recent progress For personal use only Second licence signed with First use case of tokenisation Selected by ACCC to Tier 1 global banking technology, DART, now live and test Open Banking customer commercialisation of new use ecosystem case for Overlay+ Expanding customer Appointment of key Continued
Slide 25: Overlay+ is the only blockchain technology offering multiple use-cases
Overlay+ is the only blockchain technology For personal use only offering multiple use-cases Large to small Large banks Start ups and Large banks banks and Banks and and Target SME, Consumers & Consumer and Large Consumer and and SME enterprises financial corporates Banks market corporates Banks and
Slide 26: Upcoming catalysts
Upcoming catalysts For personal use only Further bank New licences and Future Overlay+ Strategic partners revenue growth releases partnerships ASX:ID8 | Investor presentation | February 2020 | 26
Slide 27: Investment highlights
Investment highlights For personal use only Identitii helps release the Industry initiatives such as Expanding relationship with Scalable tech platform that estimated $9tn locked up on Open Banking and the existing customer HSBC, plus enables modular solutions for corporate balance sheets increasing
Slide 28: High calibre leadership
High calibre leadership For personal use only Board Leadership team Margarita Claringbold Ben Buckingham Layla Bates Chief Financial Officer Chief Product Officer Head of People and Culture Michael Aston Nicholas Armstrong Peter Lloyd Nathan Lynch . Independent Non- Executive Director Independent No
Slide 29: Today: Part Three
Today For personal use only Part One Part Two Part Three How we have turned Our business, Financials a problem into an and how we’ll grow and Q&A opportunity ASX:ID8 | Investor presentation | February 2020 | 29
Slide 30: Capital structure and register composition
Capital structure and register composition For personal use only Capital structure Share register composition ASX ID8 Directors and employees 33.5% Date listed 17 October 2018 Top 20 83.7% Share price1 A$0.30 Ordinary share on issue1 54.5m Mr Nicholas Armstrong (Co-founder) 17.2% Market capitalisati
Slide 31: Know Your Transaction
For personal use only Know Your Transaction
Slide 32: Appendix
For personal use only Appendix
Slide 33: Global Tier One Banking Customer
Global Tier One Banking Customer For personal use only • Identitii has been working with its customer HSBC under a Global Framework Agreement since 2017. This innovative work has focused on solving the challenge of simplifying and automating the flow of information between HSBC corporate clients and
Slide 34: Buying catalyst 1: Open Banking
Buying catalyst 1: Open Banking For personal use only 86% 80% of large corporations of banks have already are already participating invested in Open in Open Banking Banking for SMEs and ecosystem platforms or Corporate customers or plan to do so in 2019. plan to do so in 2019. 50% 75% of banks expec
Slide 35: Buying catalyst 2: ISO 20022 Migration
Buying catalyst 2: ISO 20022 Migration For personal use only ISO 20022 is the global messaging standard for financial business transactions. Migration has far- reaching implications for all banks, corporates and other important financial stakeholders; and compliance is required in the US and some AP
Slide 36: Buying catalyst 3: FATF16
Buying catalyst 3: FATF16 For personal use only FATF is a global taskforce designed to reduce financial crime, with many member countries transposing the recommendations into local regulations.1 FATF Recommendation 16, for example, requires financial institutions to provide information not just abou
Slide 37: Disclaimer and important notice
Disclaimer and important notice For personal use only This presentation has been prepared by Identitii Limited (ABN 83 603 107 044) (Identitii, The information contained in this presentation is subject to change without notice and Identitii does Company) based on information available to it as at th