Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q3 2020 Earnings Presentation
13 slides from Next Biometrics Group Asa's earnings presentation, Nov 10, 2020
Slide 1: NEXT Biometrics Group ASA Q3 2020 Presentation
NEXT Biometrics Group ASA Q3 2020 Presentation 10 November 2020 Peter Heuman, Chief Executive Officer Eirik Underthun, Chief Financial Officer Oslo Bars: NEXT www.nextbiometrics.com 1
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: Agenda
Agenda • Q3 Main Takeaways • Q3 Financial Summary • Cost Reduction Update • Growth Agenda Update • Q3 summary • Q&A session
Slide 4: Main takeaways from Q3 2020
Main takeaways from Q3 2020 • NEXT reached its communicated OPEX run rate Q4 target one quarter ahead of target • NEXT growth from low point Q4 2019 of 65% • NEXT growth from Q2 12% despite a few delayed POs due to customers' COVID-19 lockdowns • NEXT now designed in with multiple Point of Sales (PO
Slide 5: Key Figures Q3-2020
Key Figures Q3-2020 Revenue of NOK 15.2 m Profit and loss Gross margin of 14% vs. -2% in Q4-2019 Q4 Q1 Q2 Q3 • Depending on production volume and product mix NOK million 2019 2020 2020 2020 Revenue 9.2 20.5 13.6 15.2 OPEX2) of NOK 17.3 m vs. NOK 44.3 m in Q4-2019 • OPEX heading lower and now close t
Slide 6: Cost reduction program completed
Cost reduction program completed NEXT OPEX1) NOK million (excl. cost of options ) Cost reduction program target reached at end Non-recurring and adjustments of Q3; cost effectiveness focus continues FX OPEX Selected outsourcing completed 46 Cancelling and renegotiation of external 37 service agreeme
Slide 7: Status Growth Agenda - Overall status per market segment
Status Growth Agenda - Overall status per market segment Revenue background: Current Status Q3 2020 1.Biometric Industry sales cycles 7-18 months, PC/Laptop for PC even longer. Covid-19 has extended cycles 1. Main stable revenue source with existing customer with up to 6 months 2. Now in project wit
Slide 8: Status Growth Agenda - FAP20 main product
Status Growth Agenda - FAP20 main product General Active Thermal Advantages FAP20 Unique Selling Points 1. Ultra slim form-factor for a FAP20 size sensor (Fits well with mobile/portable devices) 2. Disruptive price points for customers, still (3X Revenue and solid GM for NEXT) 3. PIV certified by FB
Slide 9: Status Growth Agenda - Design-ins momentum YTD 2020
Status Growth Agenda - “Design-ins” momentum YTD 2020 2019 Q4 2020 1 2 3 4 5 6 7 8 Partner Fujitsu CredenceID Newland EKEMP NCS Page (NGRAVE) Bluprint NF Technology Adhaar 200 Next Product 200 Sensor FAP20 FAP20 FAP20 FAP20 200 Sensor FAP20 Sensor Partner product Rugged mobile NGRAVE ZERO Laptop ECO
Slide 10: NEXT Revenue momentum build YTD 2020
NEXT Revenue momentum build YTD 2020 Illustration only (not confirmed orders) Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Repeating orders Initial small/ midsize order Product Launch Design-in won Fujitsu Newland EKMP-China NCS -Singapore Bluprints-India Page (NGRAVE) - Belgium CredenceID - US N
Slide 11: Outlook
Outlook • We expect quarterly revenues to rise from current levels but exact timing and volume numbers difficult to predict in advance • There are multiple additional Biometric devices manufactures in pipeline • The more POS & Biometric devices we are designed into the more likely revenues will grow
Slide 12: Q&A
Q&A www.nextbiometrics.com
Slide 13: NEXT Biometrics
NEXT BIOMETRICS One Touch. One You. NEXT Biometrics 13
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