IDENTITII LIMITED — Investor Presentation 2021

Aug 25, 2021

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Know Your Transaction

Identitii (ASX:ID8) FY21 Annual Report Webinar

John Rayment, CEO, Identitii

26 August 2021

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Agenda

1. Welcome

2. Review of our strategy

3. Look back at 2021

4. Look ahead to 2022

5. Questions?

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Breaking news

Citibank signed a Letter of Intent (LOI) with Identitii

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Citibank and Identitii intend to enter 5-year Master Services Agreement (MSA)

Citibank to licence Overlay+ to streamline reporting, initially in Australia Parties intend to commence with a live pilot later in 2021

Agreement follows Identitii win in Citi FinTech accelerator

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Agenda

1.

2. Review of our strategy

3. 4.

5.

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Our vision

A trusted and transparent financial services industry, which is accessible to everyone, and where financial crime is impossible

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The problem we solve

The information needed to process and report financial transactions is often incomplete, inaccurate or even missing, holding up payments and increasing the risk of non-compliance

The industry symptoms:

• Successful payments require significant amounts of information

• Manual information sharing with regulators and counterparties is unsecure

• The information sits in multiple legacy systems and is hard to find

78%

of firms expect they will need to collect more payment information than they do today[2]

• Manual processes increase risk of human error and cost of compliance

• Different information is needed for each country regulator

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Our growth strategy

The Identitii growth strategy has several phases:

Deliver		Land		Expand		Innovate (Connect)		Payble
Focus on business basics, and service existing clients in HSBC, Mastercard, HomeSend and Novatti.		Licence as many regulated entities as possible to use our platform. Focus on Regulatory Reporting and Correspondent Banking payment investigations		Grow licence revenue with existing customers, including the 11,500 SWIFT member banks looking to migrate 10 Billion payment messages to ISO 20022 before 2025.		Utilise out patent to create a global ecosystem for secure, rich financial information, enabling faster processing of payments and reducing financial crime		Monetise technology investments which do not fit our core RegTech strategy

NOW

NEXT

ONGOING

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Land, Expand, Connect

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Patent Global ecosystem
Migrate 10bn payment messages to ISO 20022
Process complete and accurate payment reporting to Regulators
Customer growth
CONNECT
EXPAND
LAND
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RegTech market is growing

Global spending on RegTech will reach US$130B by 2025[1]

Major market drivers:

• Government regulatory enforcement

• Increasing financial crime

• New industry players

• Accelerated digital adoption

US$287B[1]

The amount regulated entities currently spend meeting compliance and regulatory obligations

• Increased intelligence sharing

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Driving interest in Identitii

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Banking Executive Accountability Regime:

Set out in Part IIAA of the Banking Act 1959, establishes accountability obligations for authorised deposit-taking institutions (ADIs) and their senior executives and directors. The regime also establishes, among other things, deferred remuneration, key personnel and notification obligations for ADIs.

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Agenda

1.

2.

3. Look back at 2021

4.

5.

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Growth strategy progress

Deliver		Land		Expand		Innovate (Connect)		Payble
✔ Investec Former Head of Payments joins ✔ Raised $7.9million ✔ Mastercard and HomeSend implementations ✔ First customer goes live with Request ✔ First customer goes live using Overlay+ to report to AUSTRAC ✔ Full-year customer receipts up 45% ✔ HSBC renews for another 3 years		✔ Mastercard and HomeSend join customer list ✔ Won Citi 2020 Mega FinTech Accelerator ✔ Named ‘One to Watch’ by Regulation Asia ✔ Novatti signs 3 year licence to automate AUSTRAC reporting		✔ Won Sibos Pitch Perfect Competition ✔ Deloitte’s APAC Technology Fast 500 ✔ Deloitte and ASIC veteran joins the Board		✔ Granted patent approval in the United States ✔ ISO 27001 certification granted ✔ Overlay+ SaaS development commences and first customer announced ✔ IFTI-DRA functionality developed and first customer announced		✔ Launched Payble, to fix late and failed payments before they happen ✔ Payble received seed investment from CommBank's x15Ventures ✔ Payble receives additional $1M from x15ventures ✔ Payble signs first energy retail customer ✔ Payble attracts top talent from BPay

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FY21 financial performance

	Value	LY var	LY $	LY %
Customer revenue	$1.4m		$0.4m	45%
Total revenue (incl. grant income)	$2.7m		$0.6m	31%
Operating costs	$8.6m		$0.6m	6%
Loss for the year	$5.8m		$1.3m	18%

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634% Growth in revenue from customers over four years (FY18-FY21)

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Patent and intellectual property

Legacy technology and manual processes cost financial institutions more than $US 305B . every year [3]

Identitii has patent protected a unique way to solve this problem

Market Context

Changing Standards

Identitii’s Patent

When any type of currency moves from one account to another, there is an increasing demand for real-time processing. What holds real-time payments up is the need for detailed transaction information, which today is held in a mix of legacy payment systems and shared manually.

ISO 20022 will allow more information to move with payments, and ultimately will facilitate payments moving between legacy networks such as SWIFT and emerging payment gateways like Mastercard , Ripple , or R3’s Corda . However adoption is complicated and many banks are not looking to migrate until 2025.

The Identitii platform enables the global financial services industry to migrate more than 10 billion payment messages per year to ISO20022. The Company's ambition is to deploy the patent it owns and connect Identitii customers with its platform to create an Identitii-owned and operated global ecosystem for financial information.

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Payble – monetising technology

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Payble is creating a world where failed or late bill payments are a thing of the past for businesses and consumers

Identitii maintains a 60% stake in Payble, alongside CBA’s x15ventures which invested $1M for a 22% stake in 2021

Key milestones:

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500m
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500 million bills sent
to Aussie consumers
every year
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• Payble was founded by Identitii, to monetise previous technology investment in Loot

• Today it is targeting Australian businesses and consumers, frustrated by the direct debit experience

• $1 million invested by CommBank’s x15ventures, their first minority stake

• First energy retail customer signed contract in 2021

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Agenda

1.

2.

3.

4. Look ahead to 2022

5.

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Our focus on large customers

Focus to-date:

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Large volume reporting entities:

o Global banks o Australian banks

• New (SaaS):

Small volume reporting entities:

o Credit Unions o Money Remitters o Super Funds o Insurance Funds o Casinos

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Plus thousands of smaller customers

SaaS customers sign a software agreement and commence using the Overlay+ platform almost immediately

• Delivers a new additional revenue stream

• Significantly expands Total Addressable Market

• Speeds customer acquisition

• Greatly expands customer base to include:

• Smaller financial institutions

• Non-bank regulated entities including Casinos, Money Transfer Businesses and Super Funds

• Reduces onboarding cost and complexity

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Example small volume
reporting entities
Example large volume
reporting entities
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Agenda

1. 2.

3. 4.

5. Questions?

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References

1. Juniper Research, ‘RegTech: Market Opportunities, Challenges and Forecasts 2021-2025’

2. 2021 Thomson Reuters Cost of Compliance Report

3. Proprietary research conducted by Identitii and SWIFT and Juniper Research, ‘RegTech: Market Opportunities, Challenges and Forecasts 2021-2025’

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Disclaimer and important notice.

This presentation has been prepared by Identitii Limited (ABN 83 603 107 044) (Identitii, Company) based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision.

The information contained in this presentation is subject to change without notice and Identitii does not have any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of this presentation, which may affect any matter referred to in this presentation.

This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Identitii, nor does it constitute financial product advice or take into account any individual’s investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of Identitii and conduct its own investigations. Before making an investment decision, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. Identitii is not licensed to provide financial product advice in respect of its

securities or any other financial products. Cooling off rights do not apply to the acquisition of Identitii securities.

Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Identitii, its officers, directors, employees and agents, nor any other person, accepts any responsibility and liability for the content of this presentation including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in connection with it.

The distribution of this presentation may be restricted by law and you should observe any such restrictions.

This presentation contains certain forward looking statements that are based on the Company’s management’s beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of Identitii to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the political and economic environment in which Identitii will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and

no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

To the full extent permitted by law, Identitii and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation).

*This presentation has been approved and authorised to be lodge with ASX by the Board of Identitii Limited

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Know Your Transaction

Email: investors@Identitii.com Phone: +61 2 8806 0438 Web: www.identitii.com

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