Slide 1: Creating a new, connected ecosystem for commerce
Know Your Transaction Creating a new, connected ecosystem for commerce Investor presentation October 2019 | Identitii Limited | ASX:ID8
Slide 2: Today
Today 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 | October 2019 | 2
Slide 3: Today
Today 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 | October 2019 | 3
Slide 4: The Problem
The Problem: $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 huge pain point for c
Slide 5: Without information, payments are meaningless
Without information, payments are meaningless: ASX:ID8 | Investor presentation | October 2019 | 5
Slide 6: Friction exists at every step as information moves in a linear chain
Friction exists at every step as information moves in a linear chain ASX:ID8 | Investor presentation | October 2019 | 6
Slide 7: The solution: create an ecosystem for suppliers, buyers, banks, corporates and regulators
The solution: create an ecosystem for suppliers, buyers, banks, corporates and regulators ASX:ID8 | Investor presentation | October 2019 | 7
Slide 8: This is all possible with no change to legacy systems
This is all possible with no change to legacy systems Current With Overlay+ Also supported: • Invoices • Photographs • Statements • Live-chat-style • Letters real-time interactions ASX:ID8 | Investor presentation | October 2019 | 8
Slide 9: Powered by the Corda Enterprise blockchain
Powered by the Corda Enterprise blockchain 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 of Corda nodes operated
Slide 10: Overlay+ is Identitii's software platform that enables connectivity to the ecosystem
Overlay+ is Identitii’s software platform that enables connectivity to the ecosystem ASX:ID8 | Investor presentation | October 2019 | 10
Slide 11: Our patent pending TokenID links up all the information required in a transaction
Our patent pending TokenID links up all the information required in a transaction ASX:ID8 | Investor presentation | October 2019 | 11
Slide 12: Overlay+ Solution Portfolio
Overlay+ Solution Portfolio Overlay+ ISO 20022 Overlay+ Reporting & Overlay+ Order2Cash counter party assurance Maintain data integrity across Collect, store and share transaction Directly share data and documents payment systems and message data with regulators, including between buyers, suppliers
Slide 13: Global payment systems are moving to ISO 20022
Global payment systems are moving to ISO 20022 Go Live £ TBD Go Live Go Live TBD 2022 US$ € Go Live Go live 2022 2021 Go Live 2020 AU$ Go Live Go Live TBD TBD5 Live for domestic payments Migration for respective currency denominated cross border payments expected to go live as per date No migration
Slide 14: Current migration options
Current migration options 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 it is translated betwee
Slide 15: Reporting powered by Overlay+
Reporting powered by Overlay+ Manage the increasing volume of transaction data required by regulators using blockchain and tokenisation, without impacting core systems Improved accuracy of reporting Single source of truth Reduced cost of compliance Improved transactional visibility Eliminate the nee
Slide 16: Overlay+ counterparty assurance
Overlay+ counterparty assurance 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 (KYT) requirements improving financial crime compliance processes
Slide 17: Overlay+ Order2Cash
Overlay+ Order2Cash Overlay+ Order2Cash brings together buyers, suppliers and banks, to create an ecosystem for sharing the information needed to make paying and getting paid seamless. Easily Check Set due Single Request One click Get paid onboard payment dates and source payment authorisation custo
Slide 18: A global bank: an Identitii client since 2017
A global bank: an Identitii client since 2017 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 revenue for Identitii. Rece
Slide 19: Today
Today 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 | October 2019 | 19
Slide 20: Our revenue streams
Our revenue streams 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 | October 2019 | 20
Slide 21: Our two-pronged approach to growth
Our two-pronged approach to growth • 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 accelerate sales Identitii license fees transaction volume •
Slide 22: Our growth strategy
Our growth strategy 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, Hong Kong, Singapore, China, India & Indonesi
Slide 23: Driving transaction volume through corporate enablement program
Driving transaction volume through corporate enablement program 763b 11 non cash transactions globally 513b11 non cash transactions in APMEA & all of Europe 372b11 non cash transactions in APMEA & CE 266b11 non cash transactions in all of Asia Pacific 73b1 non cash transactions in mature APAC includ
Slide 24: Expanding reach through partnerships
Expanding reach through partnerships 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 combine Overlay+ with
Slide 25: Recent progress
Recent progress 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 technology reach thro
Slide 26: Overlay+ is the only blockchain technology offering multiple use-cases
Overlay+ is the only blockchain technology 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 Banks and SME SME corporates SME corporate
Slide 27: Upcoming catalysts
Upcoming catalysts Further bank New licences and Future Overlay+ Strategic partners revenue growth releases partnerships ASX:ID8 | Investor presentation | October 2019 | 27
Slide 28: Investment highlights
Investment highlights 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 competitiveness of gr
Slide 29: High calibre leadership
High calibre leadership 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 . Independent Non- Executive Director Independent Non- Executive Chairman CEO & Co-foun
Slide 30: Today
Today 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 | October 2019 | 30
Slide 31: Capital structure and register composition
Capital structure and register composition Capital structure Share register composition ASX ID8 Directors and employees 33.5% Date listed 17 October 2018 Top 20 83.7% Share price1 A$0.34 Ordinary share on issue1 54.5m Mr Nicholas Armstrong (Co-founder) 17.2% Market capitalisation (undiluted)1 A$18.5
Slide 32: Know Your Transaction
Ce identiti! Know Your Transaction
Slide 33: Appendix
Ce identiti! Appendix
Slide 34: Global Tier One Banking Customer
Global Tier One Banking Customer • 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 their customers in th
Slide 35: Buying catalyst 1: Open Banking
Buying catalyst 1: Open Banking 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 expect Open of large corpor
Slide 36: Buying catalyst 2: ISO 20022 Migration
Buying catalyst 2: ISO 20022 Migration 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 markets by 2020, Euro
Slide 37: Buying catalyst 3: FATF16
Buying catalyst 3: FATF16 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 about the originator of a
Slide 38: Disclaimer and important notice
Disclaimer and important notice 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 the date of this present