Identitii Ltd · ASX:ID8
Identitii — Investor Presentation (June 2020)
23 slides from Identitii's investor presentation, Jun 1, 2020
Slide 1: A global network for financial information – using existing systems
Know Your Transaction A global network for financial information – using existing systems Investor presentation June 2020 | Identitii Limited | ASX:ID8
Slide 2: What problem do we solve?
What problem do we solve? The information needed to process and report financial transactions is often incomplete, inaccurate or even missing ASX:ID8 | Investor presentation | June 2020
Slide 3: How do we solve it?
How do we solve it? Create a global network for financial information – using existing systems ASX:ID8 | Investor presentation | June 2020
Slide 4: What the landscape looks like
What the landscape looks like 90% of the world’s data7 was created in the last two years 80% of enterprise data7 is unstructured Increasing: Crime US $4.5T laundered2 Costs every year 80% of IT budget5 spent maintaining legacy tech Fines 96% increase1 in Data suspicious matter reports US $36B in glo
Slide 5: What causes the problem?
What causes the problem? A single institution can have hundreds of critical internal systems, all built in silos and linked together, making it impossible to find a single source of truth Financial institution technology systems Payment Data Storage Reporting Cloud Backup Trading Customer SWIFT syst
Slide 6: Why not just fix it?
Why not just fix it? Outages at Mizuho Bank in 2002 and 2012 were partly caused by the complexity of IT systems created by multiple M&A Huge cost & huge risk activities8. The 2012 outage delayed US $10B worth of transactions, including the salaries of 620,000 people9. To fix the problem, Mizuho deci
Slide 7: What it looks like today
What it looks like today If information can’t be identified internally or needs to be collected from customers, it is pushed into highly manual processes such as email, fax or excel Institution Manual collection The risk of manual information collection Customer • Negative customer experience • Mult
Slide 8: Introducing the Overlay+ platform
Introducing the Overlay+ platform Enhance existing systems, connecting the right people, to the right information, quickly and easily Institution Key benefits for financial institutions Customer • Enhanced customer experience • No costly legacy technology upgrades • Simplified regulatory reporting •
Slide 9: Where is Overlay+ being applied?
Where is Overlay+ being applied? ISO 20022 Regulatory FX Settlement Client Outreach Counterparty Maintain data Reporting Improve FX Manage client Assurance integrity regardless Automate IFTI and profitability and onboarding Enhance KYT and of system or TTR collection and reduce settlement documents
Slide 10: What's our long-term vision?
What's our long-term vision? Connect hundreds of Overlay+ platforms to create a global network for financial information, backed by the Corda Enterprise blockchain network* *Supported by R3 ASX:ID8 | Investor presentation | June 2020
Slide 11: How do we generate revenue?
How do we generate revenue? TRANSACTION FEES Fees per transaction Uncapped $0.10 - $5.00 each OVERLAY+ PLATFORM LICENCE PER MODULE LICENCE $150k per year $300k per year (core platform licence on which Up to ten per customer Recurring modules are deployed) (ISO 20022, FX Settlement, Regulatory Report
Slide 12: The opportunity – how big is big?
The opportunity – how big is big? Uncapped transaction fee Module licence Base licence $72M $7.2M $1.8M $3M $1.5M 5 Customers 20 Customers 400 Customers Not to scale. Example of potential opportunity only ASX:ID8 | Investor presentation | June 2020
Slide 13: How do we acquire customers?
How do we acquire customers? Direct Indirect Sales strategy targeting Expand reach by financial institutions enabling strategic and regulators partners to sell for us ASX:ID8 | Investor presentation | June 2020
Slide 14: The split – direct v. indirect sales
The split – direct v. indirect sales Partner revenue Direct revenue 5 Customers 20 Customers 400 Customers Not to scale. Example of potential opportunity only ASX:ID8 | Investor presentation | June 2020
Slide 15: The strategy – how do we get there?
The strategy – how do we get there? Horizon Three Goal 400 new customers Horizon Two 20 new customers & scaled selling Goal Horizon One Five new customers & strategic Goal investment • Network existing customers together across multiple use cases within the same institution How • Grow Identitii into
Slide 16: Marketing strategy
Marketing strategy Improve brand awareness Horizon one strategy Leverage owned channels to remove barriers to sales. Website, SEO, PR/AR, Social, generates direct Content, Influencers customer demand and enables Generate direct opportunities Demand and lead generation to increase partnership program
Slide 17: Key competitors
Key competitors The competitive landscape differs per use case ISO 20022 AUSTRAC Reporting FX Settlement Client Outreach Counterparty Assurance Maintain data integrity Automate reporting of IFTIs Improve the profitability of Manage client onboarding Enhance KYT and KYC regardless of system or and TT
Slide 18: Impact of Covid-19
Impact of Covid-19 • The crisis caused by Covid-19 will mean banks have less time to implement critical projects like remedies to AUSTRAC reporting issues • The pressure from regulators and consumers to have more information about every transaction will only continue to increase, regardless of the g
Slide 19: Leadership team
Leadership team Board Management Margarita Claringbold Ben Buckingham Steve James John Rayment Nick Armstrong Chief Financial Officer Strategy & Partnerships Independent Non- Chief Executive Officer Co-founder & Non- . executive Chairman & Managing Director executive Director Steve has held senior J
Slide 20: Why invest
Why invest Creating a global Covid-19 crisis Horizon 1, 2, 3 plan Market leading network for financial solidifies Identitii’s focused on closing technology live in a Tier information, using value proposition deals and new One global bank, with existing systems customers patent pending Strong pipelin
Slide 21: Capital structure
Capital structure Capital structure Share register composition ASX ID8 Top 20 72% Date listed 17 October 2018 Share price* A$0.105 Mr Nicholas Armstrong (Co-founder) 11.5% Ordinary share on issue* 81.8m KTM Ventures 7.5% Market capitalisation (undiluted)1 A$7.5m Regal Funds Management Pty Ltd 7.2% U
Slide 22: About Identitii
About Identitii Improving the integrity of data as it moves around the global financial system Helping some of the world’s largest institutions do more Client Outreach AUSTRAC Reporting with existing technology systems Manage client Automate reporting of onboarding documents IFTIs and TTRs for via S
Slide 23: Footnotes
Footnotes 1. AUSTRAC 2019 annual report 2. The potential total size of money laundering worldwide in 2020: The U.N.’s Office on Drugs and Crime estimates global money laundering to correspond to 2 to 5 percent of global GDP. https://www.politico.eu/article/the-world-dirty-money-by-the-numbers/ 3. ht