Slide 1: 2018 Investor Update
2018 Investor Update October 18th, 2018 "NamSys' delivers technology to make cash processing & logistics more efficient, helping cash remain competitive with electronic payments."
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, s
Slide 3: FinTech solutions for cash…
FinTech solutions for cash… • Cash industry knowledge • Customer service • Security and compliance • Agile platform development • Software-as-a-Service (SaaS) delivery 10 employees We outsource… • Information technology (100% cloud) 100% cloud-enabled • • Website and marketing materials Security and
Slide 4: Customer conversations
Customer conversations In August, we engaged MOTUM B2B to talk to our customers, here’s some of what we heard: “They're a small company that offers a big-company solution.” “…it just made sense to use somebody that had knowledge of the cash industry, and they have tremendous knowledge in that spac
Slide 5: Cash as a payment method
Cash as a payment method 43% 41% 32% 75% 96% 90% 85% 37%
Slide 6: Platforms
Platforms Currency Cirreon is our scalable pure Software-as-a-Service (SaaS) Controller is our platform that was designed for enterprise solution for cash the cloud and is purchased as a processing and enables cash subscription based on usage. processors like banks and cash-in- transit (CIT) provide
Slide 7: Products
Products Cirreon Smart Safe Cirreon CIT Currency Controller Cirreon Banking
Slide 8: Competition
Competition Cirreon Currency Controller Cirreon Smart Safe Cirreon Banking Cash-in-Transit (CIT) • Giesecke & • Fiserv • Descartes • FiServ Devrient (FISV USD$32B market cap) (DSG CAD$3B market cap) (FISV USD$32B market cap) (private, €2.1B annual revenue) • Safelogy • Morphis • DTS Connex (IFS) • C
Slide 9: Growth 23% compound 95% recurring
Growth 23% compound Quarterly revenue (thousands $CAD) 900 annual growth 800 700 rate (CAGR) 600 (past 12 quarters) 500 400 95% recurring 300 200 revenue (as of Q3 2018) 100 0
Slide 10: Revenue sources (as of Q3 2018)
Revenue sources (as of Q3 2018) Customer type Country Bank Cash-in-transit Other U.S. Canada International Revenue by product Cirreon Smart Safe Currency Controller Cirreon CIT/Banking Other 20% 5% 80% (year over year growth in $USD)
Slide 11: Cirreon Smart Safe transactions/second
Cirreon Smart Safe 20 transactions/second (mid-day average) 450 events/second (daily peak) 99.998% system availability (year to date) Current Future USD$1.98 billion processed/month (2018-09 U.S. only)
Slide 12: Cirreon Smart Safe (U.S. outlook)
Cirreon Smart Safe (U.S. outlook) 20% compound organic growth (historical since 1995) 150K smart safes installed 1.2M potential installations (per Brink’s 2017 Investor Day presentation)
Slide 13: Cost management
Cost management 69% 70 Operating margin (%) gross margin 60 50 44% 40 operating margin 30 20 (average past 4 quarters) 10 0
Slide 14: Cash $2.5MM CAD Zero debt
Cash $2.5MM CAD 3000 Cash on hand (thousands $CAD) in cash reserves 2500 Zero debt 2000 1500 (as of July 31st, 2018) 1000 500 We are carefully evaluating 0 strategic investments and acquisitions that leverage our core strengths for long-term growth. This may include investment in non-cash payment sy
Slide 15: Trends
Trends Banks Cash-in-transit Retail • Outsourcing to cash- • Industry consolidation • Advance credit for in-transit companies any pre-advised • Hub and spoke deposit • Federal Reserve cash visibility project • One-man trucks • Track & trace of cash • Paperless delivery • CIT alternatives (USPS/couri
Slide 16: Questions & Answers
Questions & Answers Sources http://www.g4scashreport.com/ http://investors.brinks.com/presentations-and-events/presentations/PresentationDetails/2017/The-Brinks-Company-2017-Investor-Day-Presentation/default.aspx https://www.payments.ca/sites/default/files/14-Dec-17/paymentscanada_trendsreport2017_f