Mint Wireless Limited (ASX:MNW) Company update September 2013

Transcription

1 Mint Wireless Limited (ASX:MNW) Company update September 2013

2 Global observations

3 The new trillion dollar market The mobile payment (or mpos ) markets have been heating up in the US and EU for the last two years m m Millions of Companies using mpos Worldwide 1 Global market trends: Exponential growth in number of user adoption Exponential growth in transaction dollar values Trillion dollar global market by Annapolis Consulting Group, BI Intelligence Mobile Payments Transaction Value Forecast, June 2013 Mint Wireless Limited confidential September 2013 Page 3

4 Mint aims to be the leader in Mobile Payments in Australia & NZ Australia represents a great opportunity as the competition is low and the barrier of entry high due to regulatory hurdles $172bn $464bn $7bn $35bn +185% mpos Total payments transaction Australia value EFTPOS & mpos in billion $ 2014 Expected growth for mpos $579bn $20bn mpos 1 Total payments transaction value IE Market Research Mint Wireless Limited confidential September 2013 Page 4

5 Why will Mint be successful in this disruptive mpos market? Mobile Payments a proven and successful disruptor to traditional payment markets globally Significant milestones reached and ready to scale: Mint has a proven and tested mobile payments platform in Australia, UK and EMEA Successfully completed all necessary compliance and bank accreditation with Bendigo, Barclaycard and RBS WorldPay Mint s powerful and globally accepted mobile payments platform is bank grade, secure and accepts ALL card types (credit, debit and EFTPOS) Mint s payment technology is ready to scale with the flexibility to integrate and empower organisations who want to get into mobile payments quickly and without building from scratch Significant customer and distribution contracts in Australia and UK signed: 5 year contract Powering MYOB s mobile payment solutions UK s largest airline. Excess baggage payment. Deploying to 130 airports Opportunity to power mobile payments to air transport industry Mint Wireless Limited confidential September 2013 Page 5

6 The Mint Platform

7 Mint s got all the pieces ready to go With it s modular technology Mint is flexible enough to support multiple needs and solutions Front-End Interface Mint Backend App Payment Server White Label BYO App APIs EMV Kernel Business Logic User Mgmt. Authentication Merchant Mgmt Database APIs Chip & Pin Hardware Web Portals Chip & Sign APIs Payment Switch Services APIs Banks Merchant Portal Admin Portal SMS Mint Wireless Limited confidential September 2013 Page 7

8 State-of-the-art native iphone and Android apps Page 8

9 Mint has compliant and secure mobile payments hardware Mint finished all necessary compliance work and is offering a bank grade secure mobile platform plus state-of-the art hardware: PCI-DSS P2PE Security Chip and Pin Contactless EMV I & II HSM Hardware Security Module Mint Wireless Limited confidential September 2013 Page 9

10 Turn Key Bank and Merchant Portal Mint Wireless Limited confidential September 2013 Page 10

11 Growth Strategy

12 Mint s simple, but powerful mobile payments platform Mint simplifies the integration of card payments into existing mobile solutions by easily providing bank grade payments infrastructure to third parties. The Mint Platform is the base of Mint s three main product offerings: Minterprise for large corporations Mintegrate for developers Mint mpos for merchants Mint Wireless Limited confidential September 2013 Page 12

13 Minterprise Corporate Solutions White label Quick: Speed to market Easy: Low touch solution Future proof: Expandable anytime Native apps: ios & Android Custom Solutions Branded: Perfectly integrated into your customer experience Seamless: Deep integration into your existing or new applications Corporate Distribution Partners: Partners such as banks, telco s and solution providers who plan to resell co-branded or white labeled solutions to their customers. Example partner: MYOB Corporate Enterprise Solutions: Enterprise partners who are looking for a mobile payment solution for their own workforce. Example customer EasyJet, Cadbury Schweppes Mint Wireless Limited confidential September 2013 Page 13

14 Mintegrate Developers Program Mint runs Australia s most flexible, open and competitive developers program for anybody who wants to expand their customers ability to accept payments on mobile devices. This open platform will provide developers with everything to integrate mobile card payments into their apps: APIs SDKs for ios, Android and Windows Brandable portal Compatible hardware Reporting tools Revenue share Mint Wireless Limited confidential September 2013 Page 14

15 Mint mpos for Merchants Mint offers Australia s most convenient payment solution on mobile devices to micro merchants and small merchants. Build up on the Mint Platform, Mint will offer a stand alone, Mint branded consumer solution of it s white label product to merchants. Free mobile payment apps for iphones, ipad and Android smartphones. Simple pricing and no lock-in contract. Affordable credit and debit card reader. Secure Chip & Sign. Mint Wireless Limited confidential September 2013 Page 15

16 Established customers and new distribution channels Mint Wireless Limited confidential September 2013 Page 16

17 Proven Revenue Streams Highly scalable business, with low marginal cost per user resulting in high gross profit and EBITDA margins Hardware Revenue Professional Services One-Off Fees Annual License Fees Monthly User Fees Recurring Fees REVENUES* ~1.9% % per successful charge Transaction Fees * Fees are variable and dependent on product, volume, channel and industry type Mint Wireless Limited confidential September 2013 Page 17

18 Experienced Management Team assembled to execute strategy Mint has assembled an experienced and highly success driven management team to implement and execute the company s strategy. Corporate & Finance Strategy & GTM Technology, Product & Operations Alex Teoh CEO Andrew Teoh Executive Director David Owyong CFO Justus Hammer CMO Bjorn Behrendt GM Dan Hayter Head of EMEA Dr. Fred Yip CTO Rob Broers COO For more information on the team s experience go to: Page 18

19 Outlook

20 Outlook Capitalise on growing mpos market in Australia, New Zealand, UK & EMEA Focused on executing growth strategy o Delivery of key customer contracts Growth in o Recurring revenues; o Total transaction values; and o Number of users Continue to invest and innovate Page 20

21 Questions

22 Appendices: About Mint

23 Appendix 1: Corporate snapshot Board of Directors Capital Structure (as at September 2013) Credible and highly experienced board to drive business strategy Terry Cuthbertson Alex Teoh Andrew Teoh Non Executive Chairman Former Partner at KPMG Group Finance Director of Tech Pacific for Asia Pacific. Chairman of ASX listed My Net Fone Limited, Montec International, Austpac Resources N.L., Sun Biomedical Limited, OMI Holdings Limited and South American Iron & Steel Limited Managing Director / Chief Executive Officer Founder of Mint Wireless Previously senior consultant at Cap Gemini Ernst & Young in Sydney, and Principal Consultant at PricewaterhouseCoopers Hong Kong responsible for their SE Asia CRM strategy practice Executive Director Previously the Managing Director of Montec International Limited (ASX listed). Extensive experience with emerging consumer and telecommunication technologies with prior experience in the pre-paid telecommunications industry Stock code MNW Listed since 2 nd August 2007 No. of shares 368,672,395 Price $0.085 Market Capitalisation $31.3 mil Top 5 shareholders % TAAJ CORPORATION PTY LTD 28.0% DOBRANI PTY LTD 7.33% UOB KAY HIAN PRIVATE LTD 4.79% SUN HUNG KAI INVESTMENT SERVICES LTD 4.72% TRANDARA PTY LTD 2.86% Daily share price movement (6 months) Mint Wireless Limited confidential September 2013 Page 23

24 Appendix 2: FY13 results analysis & Highlights FY13 Results Analysis AUD ( 000s) FY13 FY12 % Revenue continuing operations Up 217% Net operating loss after tax attributable to members 3,415 4,650 Down 27% Increase in recurring revenues (license and transaction fees) Result reflects investment in development resources and infrastructure required to complete bank accreditation. Once-off loss of $1.1million from divestment of micro-payments business. Highlights and Outlook Mint completed all necessary compliance and offers a bank grade, secure mobile payments platform Bank accreditation achieved in Australia and UK markets Mint s powerful and secure payment technology ready to scale Significant distribution contracts signed Mint Wireless Limited confidential September 2013 Page 24

25 Contact Alex Teoh Chief Executive Officer Mint Wireless Limited T: F: E: Alex.Teoh@mintwireless.com