fingerprint cards company presentation - cfile233.uf.daum.net
TRANSCRIPT
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FFingerprint CardsCompany presentation
September, 2015
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CCompany 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%
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Market update
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GGlobal Smartphone FP penetration
• 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.
Source: FPC Estimates
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GGlobal Smartphone Vendor Market shares 2015
Source: Strategy Analytics, July 2015
Share M UnitsGlobal Smartphone Vendor Marketshare 2015 2015Samsung 23% 336,6Apple 16% 236,0Huawei 6% 91,8Lenovo+Motorola 6% 89,9Xiaomi 5% 74,8LG 5% 69,4ZTE 4% 56,5TCL-Alcatel 4% 56,1Nokia (Microsoft) 3% 43,1Oppo 3% 39,5Coolpad 3% 38,4Vivo 3% 37,5Sony 2% 30,7Micromax 2% 23,0ASUS 1% 19,3HTC 1% 18,6BlackBerry 0,5% 6,9Others 14% 203,3Total 100% 1471,4
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Launched phone with FPC sensor
Has not launched phone with FP sensor
12 OEMs
X Launched phones with competition or inhouse
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GGoogle’s Android M major catalyst
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• Strong surge in interest• 19 OEMs have launched
phones with FPC touch in 2015 to date. Appr 25 estimatedbefore year-end
• Mobile OEMs refer to FPC brand to promote fingerprint sensor in the device
Recent market development
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332 FPC OneTouch® ssmartphones to date
Huawei Ascend Mate7
OppoN3 LeTV
One Max
OppoR7
CoolpadTiptop
Pro
HuaweiHonor 7
GinoneeElife E8
MeizuMX5
Newman Button
ZUKZ1
HuaweiMaiMang 4
DazenNote 3
ZTEAxon
Huawei Honor 7i
OnePlusOnePlus 2
QiKuProfessional
QiKuYoung QiKu
Flagship
GigasetME Pure
GigasetME Pro
HuaweiMate SHuawei
G8
NextbitRobin
GigasetME
BLU, Pure XL IVVI, K2Huawei G7+
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FFPC in the value chain
WPI
O-film
CrucialTec
Module house- Design support- HW customization
Distributor OEM/ODM-SW delivery/customization-Integration support-Maintenance
Warehousing and Logistics
Packaging and modulemanufacturing
Industrial Design, integration, tuning and end-user experience
Software customization and integration. 3-9 months
HW design/customization support. Shipment ofwafers or packaged sensors (LGA, Land Grid Array)
Shipment of sensors
Huawei
FPC
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Innovation update
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IIndustry’s broadest portfolio
Touch fingerprint sensorBackside button
Touch fingerprint sensorHome Button
Touch fingerprint sensorSide Button
Integrated power or volume button
Sensor Mass Production
FPC1020 Q2 2014
FPC1021 Q3 2014
FPC1025 Q1 2015
FPC1022 Q2 2015
FPC1035 Q2 2015
Sensor Mass Production
FPC1150 Q3 2014
FPC1155 Q1 2015
FPC1140 Q2 2015
FPC1145 Q2 2015
Sensor Mass Production
FPC1145 Q2 2015
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IIntroduction of FPC1200 series
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• Superb 3D image quality enable industry’sbest biometric performance
• State of the art proprietary algorithm enables smaller sensors
• Lowest Power Consumption
WWorld leading biometric technology
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EEmerging 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
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• 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
CCreating foundation for future growth
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Financial performance
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Quarterly financial trends up to Q2 2015
Revenue (SEK M) Adj. gross margin (%)
EPS after dilution(SEK)Order backlog (SEK M)
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Q3 2015 Guidance
Q3 2015 Outlook
Revenue Q3 2015 Revenues to amount to appr. SEK 860 million
Operating result Q3 2015 Improved operating resultcompared to Q2 2015
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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 16/6/2015
• 2015 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
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Q2 2015 Income statement
Apr-Jun % of Apr-Jun % of Jan-Mar % of (SEKm) 2015 revenue 2014 revenue 2015 revenueRevenue 445.2 18.4 139.9Cost of goods sold -286.2 -14.8 -102.5Gross profit 159.0 36% 3.5 19% 37.4 27%Selling expenses -25.5 6% -11.5 63% -19.2 14%Administrative expenses -15.9 4% -5.8 32% -8.2 6%Development expenses -43.3 10% -12.5 68% -41.8 30%Other operating income/expenses -8.8 2% -0.2 1% 13.4 -10%Operating profit/loss 65.4 15% -26.6 - -18.8 -Net financial items 0.0 0.6 0.0Tax - - -Profit/loss for the period 65.4 -26.0 -18.9 Earnings/loss per share for the periodBefore dilution, SEK 1.12 -0.79 -0.32After dilution, SEK 1.04 -0.73 -0.32
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Q2 2015 Cash flow statement
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Q&A