IDENTITII LIMITED — AGM Information 2020

Oct 20, 2020

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Know YourTransaction

Identitii (ASX:ID8) 2020 AGM CEO Presentation

Wednesday 21 October, 2020 11am AEST

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Breaking news first!

Statement of Work

Identitii today announced the first Mastercard project

Project enables secure information sharing over Mastercard’s cross-border payments network, simplifying financial crime compliance and streamlining payment operations

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summary:

• Minimum contract value of $783,673

• Same contract terms as the August MSA

• First SOW in a series of planned projects

• Launches our Request module on Overlay+

Important validation of Identitii’s new strategy to connect financial services businesses with their global network of partners and customers, without replacing legacy technology

Agenda

1. A brief look back

2. Vision for the future 3. RegTech opportunity 4. Our current progress

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FY20 Timeline

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63 new sales
conversations
Additional $1.9M
raised via Residual
Shortfall placement
FY20 85% of employees
take up share offer
HSBC Australia John Rayment Entitlement Awarded
becomes second Symphony joins as Interim Issue closes, Gus Garcia joins as ISO 27001
customer partnership COO raising $1.9M Director, Technology Certification
2019 Jul Aug Sept Nov Dec 2020 Jan Mar May Jun Jul Aug Sept Oct
Loot software ACCC testing R3 John Rayment Peter Agnew joins Mastercard First
license acquired announced Partnership appointed CEO as Head of BD MSA signed Mastercard
project
announced
Q1 OpEx is Q2 OpEx is $2.2M, Steve James Q4 lfl OpEx $1.2M,
FY21
$2.3M down 5% from Q1 joins Board down 45% from Q1
Wins Sibos
RegTech
Q3 OpEx is FY20 Revenue up
Competition
$1.5M 48% from FY19
Entitlement Issue
announced
WFH under
COVID-19
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Nick Barrett and Andrew Creighton join BD team

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“A vision allows you to look forward to the future with positive expectations. It helps you stay focused and will help you make decisions for future activities.”

Catherine Pulsifer

Our Vision

We envisage a trusted and transparent financial services industry, which is accessible to everyone, and where financial crime is impossible

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Financial crime is increasing

And with it, the burden on financial services businesses and their customers, as government regulations and reporting requirements increase

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AML penalties
doubled to
US $36B
US $4.5T
$11.8B 80%
40.3M
96%
7%
80%
laundered every of IT budget spent increase in FinCrime
year maintaining legacy compliance costs
increase in tech
suspicious matter
reports in global
Victims of modern-day
regulatory fines
slavery
of enterprise data is
unstructured
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Financial exclusion is increasing

Correspondent banks are exiting long-term business relationships with banks in high-risk markets (de-risking), creating new significant costs and risks, as companies find alternative means to access global finance

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Bank
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Number of active correspondents worldwide has declined by 22% since 2011

30% decrease in the number of times US and EU banks were used as correspondents

50% decrease in LATAM

banks

28% decrease in African banks

What exactly do we do?

Identitii bridges the gap:

Overlay existing systems with a single platform that bridges the growing gap between demand from regulators and capabilities of legacy technology

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growing gap causes :
financial crime -
customer exclusion -
regulatory fines -
brand damage -
: gap exists because
- high cost of change
- fragmented systems
- risk of data leakage
- low features growth
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today

tomorrow

• between the growing demand from regulators and customers to see more information about financial transactions

• and the capability of legacy technology used in much of the financial services industry

• to securely exchange critical information between teams and organisations

Are we on the right track?

Sales momentum is growing, as these new-in-2020 pre-sales results demonstrate

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Sibos 2020 Discover Pitch Competition

Citi 2020 Mega FinTech Accelerator Successfully shortlisted from over 3,500 entries, one of 12 companies pitching to Citi

Global WINNER in the category for RegTechs driving societal improvements

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HKMA TechChallenge 2020

RegTech Association and NAB Collaboration

Shortlisted to pitch to judges and a number of Asian banks at Hong Kong FinTech Week

Successfully shortlisted to pitch to NAB

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2020 Awards for Excellence

Deloitte Fast 500 APAC Application

BNY Mellon Connect 20

Finalist in the Transaction Reporting category

Application submitted. Inclusion in the list generates awareness of Identitii

Application submitted. Shortlisted companies invited to pitch to BNY Mellon

Accelerators and competitions:

• Result in direct sales opportunities

• Introduce us to new contacts

• Speed procurement timelines

• Accelerate sales and marketing cycles

• Increase awareness of Identitii

How do we measure success?

For the end of FY22*	One-off $	ARR $**	Total $
1 x global correspondent network with 35 respondent	$7.3m	$4.0m	$11.3m
members
2 x new global correspondent networks in pre-	-	-	-
production
12 x regulatory reporting customers	$1.2m	$1.2m	$2.4m
Totals	$8.5m	$5.2m	$13.7m
For the end of FY25*	One-off $	ARR $**	Total $
7 x global correspondent networks, each with 50	$72.1m	$38.5m	$110.6m
respondent members
25 x regulatory reporting customers	$2.5m	$2.5m	$5.0m
Totals	$74.6m	$41.0m	$115.6m

Total address. market:

• ~200 correspondent banks in the world

• incl. 16 of the top 20 banks in the world (by total assets)

• major correspondent banks may have thousands of respondent banks in their network

*Figures on this slide are indicative of success only and should not be considered a forecast or projection

**ARR = annual recurring (license) revenue

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Know Your Transaction

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