Fingerprint Cards Company presentation. September, 2015

Transcription

1 Fingerprint Cards Company presentation September,

2 Company Overview, Fingerprint Cards (FPC) Swedish biometry company established 1997 Offices in Sweden, Copenhagen, Tokyo, Seoul, Shanghai, Taipei, Silicon Valley Provides fingerprint sensors based on 18 years of technology development FPC s technology provides: - superior biometric performance - robust sensor design - low power consumption Large patent portfolio with 100+ patents Fabless operation Significant management ownership with vast sector experience Financial summary: Q215 revenues SEK 445m, 2015 guidance SEK 2,5b. Q215 operating margin 15% 2

3 Market update 3

4 Global Smartphone FP penetration Source: FPC Estimates Strong preference for touch fingerprint sensors in smartphones a key phone component going forward Apple and Android ecosystems support fingerprint, penetration is rapidly increasing in Android. 4

5 Global Smartphone Vendor Market shares 2015 Share M Units Global Smartphone Vendor Marketshare Samsung 23% 336,6 Apple 16% 236,0 Huawei 6% 91,8 Lenovo+Motorola 6% 89,9 Xiaomi 5% 74,8 LG 5% 69,4 ZTE 4% 56,5 TCL-Alcatel 4% 56,1 Nokia (Microsoft) 3% 43,1 Oppo 3% 39,5 Coolpad 3% 38,4 Vivo 3% 37,5 Sony 2% 30,7 Micromax 2% 23,0 ASUS 1% 19,3 HTC 1% 18,6 BlackBerry 0,5% 6,9 Others 14% 203,3 Total 100% 1471,4 Source: Strategy Analytics, July 2015 X X X 12 OEMs Launched phones with competition or inhouse Launched phone with FPC sensor Has not launched phone with FP sensor 5

6 Google s Android M major catalyst 6

7 Recent market development Strong surge in interest 19 OEMs have launched phones with FPC touch in 2015 to date. Appr 25 estimated before year-end Mobile OEMs refer to FPC brand to promote fingerprint sensor in the device 7

8 32 FPC OneTouch smartphones to date Huawei G8 Huawei G7+ Nextbit Robin Huawei Mate S BLU, Pure XL IVVI, K2 ZUK Z1 Gigaset ME Pro Gigaset ME Pure Gigaset ME Huawei MaiMang 4 Huawei Honor 7i OnePlus OnePlus 2 ZTE Axon Dazen Note 3 Meizu MX5 Oppo R7 QiKu Professional QiKu Young QiKu Flagship Ginonee Elife E8 Huawei Ascend Mate7 Huawei Honor 7 Coolpad Tiptop Pro Oppo N3 Newman Button LeTV One Max 8

9 FPC in the value chain Distributor Software customization and integration. 3-9 months Module house - Design support - HW customization OEM/ODM -SW delivery/customization -Integration support -Maintenance Huawei HW design/customization support. Shipment of wafers or packaged sensors (LGA, Land Grid Array) WPI O-film CrucialTec FPC Shipment of sensors Warehousing and Logistics Packaging and module manufacturing Industrial Design, integration, tuning and end-user experience 9

10 Innovation update 10

11 Industry s broadest portfolio Touch fingerprint sensor Backside button Touch fingerprint sensor Touch fingerprint sensor Home Button Side Button Integrated power or volume button Sensor Mass Production FPC1020 Q FPC1021 Q FPC1025 Q FPC1022 Q FPC1035 Q Sensor Mass Production FPC1150 Q FPC1155 Q FPC1140 Q FPC1145 Q Sensor Mass Production FPC1145 Q

12 Introduction of FPC1200 series 12

13 World leading biometric technology Superb 3D image quality enable industry s best biometric performance State of the art proprietary algorithm enables smaller sensors Lowest Power Consumption 13

14 Emerging opportunity - Biometric Smart cards System-on-card = integrate all biometric functionality into a smart card Fingerprint sensor Biometric matching algorithm Embedded processor FPC sensor technology with slim package = perfect fit for smart cards: Low power consumption Thin compact form factor (ISO compliant) 3D image quality = superior biometric performance 14

15 Creating foundation for future growth Integration competence HW/SW with OEMs State of the art SW and Algorithm Superb image quality enable industry s best biometric performance FPC is the preferred ecosystem partner Operating system, application processor, peripherals, modules Operational excellence, proven track record Profitable growth funds material R&D investments in new technologies and new business opportunities 15

16 Financial performance 16

17 Quarterly financial trends up to Q Revenue (SEK M) Adj. gross margin (%) Order backlog (SEK M) EPS after dilution(sek) 17

18 Q Guidance Q Outlook Revenue Q Operating result Q Revenues to amount to appr. SEK 860 million Improved operating result compared to Q

19 2015 guidance Previous 2015 Guidance Updated 2015 Guidance Revenue Appr. SEK 2,200 ( 1) million Appr SEK 2,500 million Operating result Positive result expected Positive result expected 1. Guidance as of 16/6/ revenue guidance updated from approximately SEK 2,200 million to approximately SEK 2,500 million No need for further capital injection foreseen to fund the operation 19

20 Q Income statement Apr-Jun % of Apr-Jun % of Jan-Mar % of (SEKm) 2015 revenue 2014 revenue 2015 revenue Revenue Cost of goods sold Gross profit % % % Selling expenses % % % Administrative expenses % % % Development expenses % % % Other operating income/expenses % % % Operating profit/loss % Net financial items Tax Profit/loss for the period Earnings/loss per share for the period Before dilution, SEK After dilution, SEK

21 Q Cash flow statement 21

22 Q&A 22