IDEX Biometrics ASA · OSL:IDEX

IDEX Biometrics ASA — Q1 2022 Earnings Presentation

21 slides from IDEX Biometrics ASA's earnings presentation, May 2022

1. Slide 1: Enabling NextGen Smart Cards for Payments & Card-based Applications

   Enabling NextGen Smart Cards for Payments & Card-based Applications Quarterly Presentation for Q1 2022 May 2022 Oslo Børs: IDEX Nasdaq: IDBA Copyright © 2022 IDEX Biometrics ASA

2. Slide 2: Disclaimer

   Disclaimer This presentation includes 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 projections about global economic c

3. Slide 3: IDEX Biometrics – The Next Generation of Payments

   IDEX Biometrics – The Next Generation of Payments $$ Multi-billion Market Opportunity Superior Biometric Performance Disruptive System Costs Capturing a Market Inflection Point 3 Copyright © 2022 IDEX Biometrics ASA

4. Slide 4: The Case for Card-based Fingerprint Authentication

   The Case for Card-based Fingerprint Authentication Ease of use: ✓ Simple, low-cost enrolment Challenges ✓ Seamless user experience User Experience Identity protection: ✓ Encrypted biometric data; stored only on the card Security Fraud mitigation: ✓ Secure, high-value Fraud contactless transactions E

5. Slide 5: The Opportunity

   The Opportunity Copyright © 2022 IDEX Biometrics ASA

6. Slide 6: Rapid Scaling of Biometric Payment Cards

   Rapid Scaling of Biometric Payment Cards Total market: ~5 Billion smart cards per year ▬ Includes all cards with secure element Addressable Market: payment cards ▬ >3.0 billion payment smart cards per year Serviceable Market: dual interface payment cards ▬ >2 billion contactless cards per year, grow

7. Slide 7: Recent Biometric Payment Cards Launches by IDEMIA

   Recent Biometric Payment Cards Launches by IDEMIA • Visa corporate payment card launched April • Rocker Touch Visa card launched February ▬ Successful deployment, demand > expectations ▬ Innovative, online expense management application for businesses ▬ Based on IDEMIA F.CODE, utilizing TrustedBio s

8. Slide 8: Accelerating Launch Activity

   Accelerating Launch Activity Europe • > Six major bank launches in 2022 • ~100M biometric cards TAM in 2025 • Acceleration driven by challenger banks • Preference for contactless (hygiene) Asia-Pacific • Payment and Access programs • India, Japan, Korea, Malaysia, Vietnam • ~120M biometric cards TAM

9. Slide 9: Long-term Vision: Universal Security Device

   Long-term Vision: Universal Security Device Biometrically-enabled cards secure a range of applications Payment (card present and card not present) Cybersecurity / Data Access Access Control (Physical) Central Bank Digital Currency (CBDC) wallet Public Transportation / Ticketing Healthcare and Govern

10. Slide 10: Competitive Advantage

    Competitive The Opportunity Advantage Copyright © 2022 IDEX Biometrics ASA Copyright © 2021 IDEX Biometrics

11. Slide 11: Superior Technology Drives Differentiation

    Superior Technology Drives Differentiation Disruptive Card Architecture Disruptive Cost Performance Leadership Versatile Enrollment Options Flexible and Comprehensive Solution 11 Copyright © 2022 IDEX Biometrics ASA

12. Slide 12: IDEX Enables Seamless Customer Experience

    IDEX Enables Seamless Customer Experience Enrolment is critical for market scaling Larger sensors improve user experience IDEX TrustedBio Competition 1 < 6 touches to enroll 2 Industry-leading anti-spoof 3 End to end transaction is ½ sec ✓ ✘ 6 Touch enroll 13 Touch enroll for Performance exceeding V

13. Slide 13: Our Turnkey Solution Is Accelerating Development

    Our Turnkey Solution Is Accelerating Development Largest system integrator in Japan Payment cards and Digital Access cards Payment cards and Digital Access across SEA – TAM > 5MN cards Turkey is Europe’s largest payment market, with 260M cards Top 10 card manufacturer globally; certified by VISA, Ma

14. Slide 14: Ecosystem Partners are Key to Sales Strategy

    Ecosystem Partners are Key to Sales Strategy IDEX works jointly with partners to drive demand across the value chain Secure Elements Card Manufacturers Banks and Issuers Inlay/EMV modules Personalization Sensor/Matcher/OS Processors IDEX and technology partners IDEX and card manufacturing partners •

15. Slide 15: Performance Highlight

    Performance Highlight Copyright © 2022 IDEX Biometrics ASA

16. Slide 16: Q1 2022 Highlights

    Q1 2022 Highlights Bank Launches Certified Design Wins for Biometric Cards IDEX/Infineon Solution 3 commercial launches 3 cards in production 6 new cards coming to market in ‘22 >10 launches planned for ‘22 16 Copyright © 2022 IDEX Biometrics ASA

17. Slide 17: Q1 2022 Financial Summary

    Q1 2022 Financial Summary Summary Profit & Loss Q1 2022 Q4 2021 Q3 2021 Q2 2021 Q1 2021 ($ 000) Revenue trends remain positive Product 989 787 731 696 623 • Continued growth in payments Services - - 1 1 1 • Sustained shipments for logical access Total Revenue $ 989 $ 787 $ 732 $ 697 $ 624 • First sh

18. Slide 18: Strong Operating Leverage in Long-term Model

    Strong Operating Leverage in Long-term Model Potential for extraordinary revenue growth ✓ Expanding opportunity pipeline ✓ Rapidly increasing backlog and pending design wins Target Operating Model at Scale: ✓ Scalable fabless semiconductor model ✓ Long-term goal of 50%+ gross margins • Consistent wi

19. Slide 19: Summary

    Summary Copyright © 2022 IDEX Biometrics ASA

20. Slide 20: IDEX Biometrics – Differentiated and Disruptive

    IDEX Biometrics – Differentiated and Disruptive $$ Massive Addressable Market: Payment cards, Cybersecurity / Data Access, Digital Currencies, and other adjacent markets Superior Biometric Performance: Enabling a secure and seamless user experience at ground-breaking transaction speeds Disruptive Sy

21. Slide 21: Thank you!

    Thank you! Copyright © 2022 IDEX Biometrics ASA

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