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FFingerprint Cards
Company presentation
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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%
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Global 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.
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Global Smartphone Vendor Market shares 2015
Source: Strategy Analytics, July 2015
Share M Units
Global Smartphone Vendor Marketshare 2015 2015
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 X X X
Launched phone with FPC sensor Has not launched phone with FP sensor
12 OEMs
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• 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
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32 FPC OneTouch® ssmartphones to date
Huawei Ascend Mate7 Oppo N3 LeTV One Max Oppo R7 Coolpad Tiptop Pro Huawei Honor 7 Ginonee Elife E8 Meizu MX5 Newman Button ZUK Z1 Huawei MaiMang 4 Dazen Note 3 ZTE Axon Huawei
Honor 7i OnePlus 2OnePlus
QiKu Professional QiKu Young QiKu Flagship Gigaset ME Pure Gigaset ME Pro Huawei Mate S Huawei G8 Nextbit Robin Gigaset ME
BLU, Pure XL IVVI, K2 Huawei 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 module
manufacturing Industrial Design, integration, tuning and end-user experience Software customization and integration. 3-9 months
HW design/customization support. Shipment of wafers or packaged sensors (LGA, Land Grid Array)
Shipment of sensors
Huawei
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IIndustry’s broadest portfolio
Touch fingerprint sensor Backside button
Touch fingerprint sensor Home Button
Touch fingerprint sensor Side 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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• Superb 3D image quality enable industry’s
best biometric performance
• State of the art proprietary algorithm enables
smaller sensors
• Lowest Power Consumption
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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)
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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
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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)
Q3 2015 Guidance
Q3 2015 Outlook
Revenue Q3 2015 Revenues to amount to appr. SEK 860 million
Operating result Q3 2015 Improved operating result compared 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
Q2 2015 Income statement
Apr-Jun % of Apr-Jun % of Jan-Mar % of
(SEKm) 2015 revenue 2014 revenue 2015 revenue
Revenue 445.2 18.4 139.9
Cost of goods sold -286.2 -14.8 -102.5
Gross 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 0.0
Tax - -
-Profit/loss for the period 65.4 -26.0 -18.9 Earnings/loss per share for the period
Before dilution, SEK 1.12 -0.79 -0.32
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