Slide 1: Investor presentation
For personal use only Investor presentation Identitii Limited ASX:ID8 25 March 2019 Identitii Limited | ASX:ID8
Slide 2: Disclaimer and important notice
For personal use only Disclaimer and important notice This presentation has been prepared by Identitii Limited (ABN 83 603 107 044) The information contained in this presentation is subject to change without notice and (Identitii, Company) based on information available to it as at the date of this
Slide 3: Identitii (ASX:ID8)
For personal use only Identitii (ASX:ID8) • Award winning Australian FinTech founded in 2014 • Raised AUS$11m via ASX listing in October 2018 • Funds raised to continue development and innovation around Identitii’s proprietary Overlay+ platform, undertake sales and marketing activities and secure pi
Slide 4: Early validation
For personal use only Early validation Participant Participant Partner Winner Winner FinTech 50 – ‘Emerging Stars’ Mastercard Start Accenture FinTech Approved as a Peer Choice Award Innotribe Industry KPMG and H2 Path 2018 Innovation Lab SWIFT partner Citi Tech 4 Integrity Challenge on Hong Kong 201
Slide 5: Corporate payments landscape
For personal use only Corporate payments landscape 40 YEARS US$124 trillion sent Payments take Demand for Open Current payments US$2 trillion Regulators are across borders by between 30 seconds Banking and improving technology is up to is laundered through demanding more companies and ten days to cu
Slide 6: Information pain points in payments today
INFORMATION PAIN POINTS IN PAYMENTS TODAY For personal use only Payment initiated Can’t attach Attempt verification Phone call or email to Manual Case Different internal documents or of document customer requesting investigation to management to standards for KYC data authenticity more information v
Slide 7: Banks spend US$43.8 billion a year chasing missing information
For personal use only Banks spend US$43.8 billion2 a year chasing missing information Every interaction Multiple parties are The same data is Each party to a Information is truncated between a corporate responsible for processed a number of transaction wants to and translated multiple bank and its c
Slide 8: How to solve a US$43.8 billion problem
For personal use only How to solve a US$43.8 billion2 problem Rip and Replace Overlay Remove and replace existing technology that Enhance existing technology by overlaying a has been in place for up to 40 years proprietary platform and private blockchain to securely exchange intelligent information
Slide 9: Know Your Transaction
For personal use only Know Your Transaction Securely collect and share information with permissioned counterparties to support transfer of funds and Identitii understand the origin, purpose and beneficiary of a payment enables the secure Overlay approach Upgrade existing technology infrastructure us
Slide 10: Information exchange within a bank
For personal use only Information exchange Within a bank INVESTOR PRESENTATION| MARCH 2019 10
Slide 11: Information exchange between banks
For personal use only Information exchange Between banks INVESTOR PRESENTATION| MARCH 2019 11
Slide 12: Information exchange between corporate banks and customers
For personal use only Information exchange Between corporate banks and customers INVESTOR PRESENTATION| MARCH 2019 12
Slide 13: Private blockchain and tokenisation
For personal use only Private blockchain and tokenisation Collect data from any source and record it on the private Overlay+ blockchain. Unique Identitii Tokens cryptographically represent data and documents on the blockchain, then travel with a payment message over existing technology infrastructur
Slide 14: Payments with Overlay+
PAYMENTS WITH OVERLAY+ For personal use only Payment initiated Originating bank Originating customer Payment Network Payment settled Beneficiary bank Beneficiary INVESTOR PRESENTATION| MARCH 2019 14
Slide 15: Addressing key pain points in payments
For personal use only Addressing key pain points in payments Instant payments Open Banking Corporate treasury Financial crime compliance Enables the sharing of purpose Creates a permissioned data A blockchain based channel for Provides real-time insight into of payment (Know Your ecosystem that secu
Slide 16: Benefits of an overlay approach
For personal use only Benefits of an • Enhance existing technology to meet digital expectations overlay • No costly and time consuming systems replacements • Technology agnostic – choose which payment channel and internal approach technology to use • Highly scalable deployment options, utilising inn
Slide 17: Increasing momentum
For personal use only Increasing momentum Identitii is progressing across key metrics Scale existing relationship with Increase revenue from Scale consumption HSBC customers (transactions) • HSBC further engagement • 1H19 revenue and other • Grow partnerships announced March 2019 income increased 31
Slide 18: Addressable market
For personal use only Addressable market6 Large bank Medium bank Long tail Number globally 310 482 4,000+ Citigroup, Wells Fargo, Westpac, Standard Bank, BBVA, State Bendigo Bank, Unicaja, First Examples HSBC Street, Bank of India Community Credit Union Potential Overlay+ licences7 5-10 4-6 1 Potent
Slide 19: The network effect
For personal use only The network effect A single bank customer can introduce us to • Their counterparties - A single large bank can have up to 397 counterparties - A medium bank can have up to 103 - A small (or long tail) bank can have up to 50 • Their correspondent banking network • Their customer
Slide 20: Commercial model
For personal use only Commercial model Professional services Unlimited volume Site licences Software license Maintenance One-off charge based fees New geography, business Charged monthly or and support Priced per data point unit or Overlay+ module annually Percentage of created on the blockchain dep
Slide 21: How we drive consumption
For personal use only How we drive consumption Indicative activity KYT data points Direct Payment initiation 35+ Core transaction information 74+ Accounts receivable 40+ 200+ KYT DATA POINTS Payment rules 15+ Partner integrations RPA workflow results (Blue Prism) 2+ Sanctions checks (Dow Jones Risk
Slide 22: Partners extend our reach
For personal use only Partners extend our reach We are creating a global network of best in class partners who exponentially increase data points on Overlay+ Our customers can access solutions from each of these organisations within Overlay+ and the results are recorded on the Identitii blockchain I
Slide 23: Partner integrations enhance functionality
For personal use only Partner integrations enhance functionality INVESTOR PRESENTATION| MARCH 2019 23
Slide 24: Competitive landscape: Market infrastructure
For personal use only Competitive landscape Market infrastructure J.P. Morgan’s Interbank Information Existing and emerging networks are The Ivy Network facilitates fiat and Network uses blockchain to improving or replacing the payment digital currency business minimise friction in processing rails
Slide 25: Competitive landscape: Authentication and timestamping
For personal use only Competitive landscape Authentication and timestamping Real-time validation and an audit A single permanent document Verification of official documents trail for the digital society catalogue for legal audits plus blockchain anchoring of data Description Description Description
Slide 26: Summary
For personal use only Summary Providing information Works with a bank’s existing Expanding relationship with Large addressable market exchange for corporate and emerging technology to HSBC, a revenue generating and growing pipeline banks and their customers avoid costly rip and replace customer proj
Slide 27: Appendix
For personal use only Appendix INVESTOR PRESENTATION| MARCH 2019 27
Slide 28: Company timeline
For personal use only Company timeline NOV 2014 1H 2016 1H 2017 MAR 2018 DEC 2018 FEB 2019 Upcoming Angel investment Rebrand Transaction document pilot HSBC production Tier two bank Mobile capabilities Overlay+ V3 release Sparro established to Identitii HSBC engagement commences deployment POV succe
Slide 29: Board of Directors
For personal use only Board of Directors Martin Rogers Peter Lloyd Independent Non-Executive Director Non-Executive Director Michael Aston Nicholas Armstrong Independent Executive Director Non-Executive Chairman CEO INVESTOR PRESENTATION| MARCH 2019 29
Slide 30: Key management
For personal use only Key management Margarita Claringbold Elissa Hansen Ben Buckingham James Andrew-Smith Chief Financial Officer Company Secretary Chief Product Officer Chief Information Officer Mark Garvie Clare Rhodes Elliott Shepherd Chief Commercial Officer Chief Marketing Officer Chief Techno
Slide 31: Capital structure and shareholders
For personal use only Capital structure and shareholders Capital structure8 Share register composition ASX code ID8 Board of Directors 25% Share price $0.44 Top 20 83% Ordinary shares on issue 54.5m Market capitalisation (undiluted) AUS$23.98m Unlisted options9 12.3m Pro forma cash at 31 December 20
Slide 32: Blockchain explained
For personal use only Blockchain explained A blockchain is a growing list of records, called blocks, which Public blockchains are networks where anyone can read and are linked using cryptography. Each block contains a write to the blockchain without authorisation. Minors run the cryptographic hash (
Slide 33: Private blockchain and Identitii Tokens
For personal use only and Identitii Tokens Identitii uses a private blockchain to ensure permissioned When a receiver is sent an Identitii Token, it gives them access to the Identitii system, create an unalterable and secure, permissioned access to the Identitii network, where auditable record of a
Slide 34: Overlay+ combines best in breed technology
OVERLAY+ COMBINES BEST IN BREED TECHNOLOGY For personal use only The Overlay+ technology stack brings together the latest technology to enhance legacy banking infrastructure: • Global search powered by Elastic Search • API (interface) & SDK (tools) for connectivity with systems including SAP and Ora
Slide 35: Footnotes
FOOTNOTES For personal use only 1. McKinsey & Company, Global Payments Outlook 2018 2. Company estimates and internal Identitii data gathered during POC with SWIFT and seven banks in 2016 3. SWIFT website 4. UN Data on money laundering 5. Boston Consulting Group, Global Risk 2017: Staying the Course
Slide 36: Thank you
For personal use only Identitii Limited | ASX:ID8 THANK YOU +61 2 9056 4160 investors@identitii.com www.identitii.com