Published on September 26, 2013
Mint Wireless Limited (ASX:MNW) Company update September 2013 Forpersonaluseonly
Global observations Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 3 Millions of Companies using mPOS Worldwide 1 2017 8m 18m 2013 The new trillion dollar market The mobile payment (or “mPOS”) markets have been heating up in the US and EU for the last two years Exponential growth in number of user adoption Exponential growth in transaction dollar values Trillion dollar global market by 2016 2 Global market trends: 1. Annapolis Consulting Group, 2012 2. BI Intelligence Mobile Payments Transaction Value Forecast, June 2013 Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 4 $35bn $172bn $20bn $579bn Australia EFTPOS & mPos in billion $ Expected growth for mPOS $464bn $7bn +185% Total payments transaction value Mint aims to be the leader in Mobile Payments in Australia & NZ Australia represents a great opportunity as the competition is low and the barrier of entry high due to regulatory hurdles 2014 2017 Total payments transaction value mPOS1mPOS 1. IE Market Research Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 5 • 5 year contract • Powering MYOB’s mobile payment solutions • UK’s largest airline. Excess baggage payment. Deploying to 130 airports • Opportunity to power mobile payments to air transport industry Why will Mint be successful in this disruptive mPOS market? Mobile Payments – a proven and successful disruptor to traditional payment markets globally Significant milestones reached and ready to scale: Mint has a proven and tested mobile payments platform in Australia, UK and EMEA Successfully completed all necessary compliance and bank accreditation with Bendigo, Barclaycard and RBS WorldPay Mint’s powerful and globally accepted mobile payments platform is bank grade, secure and accepts ALL card types (credit, debit and EFTPOS) Mint’s payment technology is ready to scale with the flexibility to integrate and “empower” organisations who want to get into mobile payments quickly and without building from scratch Significant customer and distribution contracts in Australia and UK signed: Forpersonaluseonly
The Mint Platform Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 7 With it’s modular technology Mint is flexible enough to support multiple needs and solutions Front-End Interface App White Label BYO App Hardware Web Portals Merchant Portal Admin Portal Mint Backend Payment Server Payment Switch Services SMS Email APIs APIs Banks APIs APIs EMV Kernel Business Logic Authen- tication User Mgmt. Merchant Mgmt Database Mint’s got all the pieces ready to go Chip & Pin Chip & Sign Forpersonaluseonly
Page 8 State-of-the-art native iPhone and Android apps Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 9 Mint finished all necessary compliance work and is offering a bank grade secure mobile platform plus state-of-the art hardware: PCI-DSS P2PE Security Chip and Pin Contactless EMV I & II HSM – Hardware Security Module Mint has compliant and secure mobile payments hardware Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 10 Turn Key Bank and Merchant Portal Forpersonaluseonly
Growth Strategy Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 12 Mint simplifies the integration of card payments into existing mobile solutions by easily providing bank grade payments infrastructure to third parties. The Mint Platform is the base of Mint’s three main product offerings: Minterprise for large corporations Mintegrate for developers Mint mPOS for merchants Mint’s simple, but powerful mobile payments platform Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 13 Corporate Distribution Partners: Partners such as banks, telco’s and solution providers who plan to resell co-branded or white labeled solutions to their customers. Example partner: MYOB Corporate Enterprise Solutions: Enterprise partners who are looking for a mobile payment solution for their own workforce. Example customer – EasyJet, Cadbury Schweppes Minterprise Corporate Solutions White label Quick: Speed to market Easy: Low touch solution Future proof: Expandable anytime Native apps: iOS & Android Custom Solutions Branded: Perfectly integrated into your customer experience Seamless: Deep integration into your existing or new applications Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 14 Mint runs Australia’s most flexible, open and competitive developers program for anybody who wants to expand their customers ability to accept payments on mobile devices. This open platform will provide developers with everything to integrate mobile card payments into their apps: APIs SDKs for iOS, Android and Windows Brandable portal Compatible hardware Reporting tools Revenue share Mintegrate Developers Program Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 15 Mint offers Australia’s most convenient payment solution on mobile devices to micro merchants and small merchants. Build up on the Mint Platform, Mint will offer a stand alone, Mint branded consumer solution of it’s white label product to merchants. Mint mPOS for Merchants Free mobile payment apps for iPhones, iPad and Android smartphones. Simple pricing and no lock-in contract. Affordable credit and debit card reader. Secure Chip & Sign. Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 16 Established customers and new distribution channels Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 17 Transaction Fees Recurring Fees One-Off Fees Proven Revenue Streams Hardware Revenue Professional Services Annual License Fees Monthly User Fees ~1.9% - 2.75% per successful charge * Fees are variable and dependent on product, volume, channel and industry type REVENUES* Highly scalable business, with low marginal cost per user resulting in high gross profit and EBITDA margins Forpersonaluseonly
Page 18 Experienced Management Team assembled to execute strategy Corporate & Finance Alex Teoh CEO Andrew Teoh Executive Director David Owyong CFO Strategy & GTM Justus Hammer CMO Bjorn Behrendt GM Dan Hayter Head of EMEA Technology, Product & Operations Dr. Fred Yip CTO Rob Broers COO Mint has assembled an experienced and highly success driven management team to implement and execute the company’s strategy. http://www.mintpayments.com/investor-relations-3/management-team/ For more information on the team’s experience go to: Forpersonaluseonly
Page 20 Outlook • Capitalise on growing mPOS market in Australia, New Zealand, UK & EMEA • Focused on executing growth strategy o Delivery of key customer contracts • Growth in … o Recurring revenues; o Total transaction values; and o Number of users • Continue to invest and innovate Forpersonaluseonly
Appendices: About Mint Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 23 Appendix 1: Corporate snapshot Terry Cuthbertson Non Executive Chairman Former Partner at KPMG Group Finance Director of Tech Pacific for Asia Pacific. Chairman of ASX listed My Net Fone Limited, Montec International, Austpac Resources N.L. , Sun Biomedical Limited, OMI Holdings Limited and South American Iron & Steel Limited Alex Teoh Managing Director / Chief Executive Officer Founder of Mint Wireless Previously senior consultant at Cap Gemini Ernst & Young in Sydney , and Principal Consultant at PricewaterhouseCoopers Hong Kong responsible for their SE Asia CRM strategy practice Andrew Teoh Executive Director Previously the Managing Director of Montec International Limited (ASX listed). Extensive experience with emerging consumer and telecommunication technologies with prior experience in the pre-paid telecommunications industry Credible and highly experienced board to drive business strategy Daily share price movement (6 months) Stock code MNW Listed since 2nd August 2007 No. of shares 368,672,395 Price $0.085 Market Capitalisation $31.3 mil Board of Directors Capital Structure (as at September 2013) Top 5 shareholders % TAAJ CORPORATION PTY LTD 28.0% DOBRANI PTY LTD 7.33% UOB KAY HIAN PRIVATE LTD 4.79% SUN HUNG KAI INVESTMENT SERVICES LTD 4.72% TRANDARA PTY LTD 2.86% Forpersonaluseonly
© Mint Wireless Limited | confidential | September 2013 Page 24 Appendix 2: FY13 results analysis & Highlights AUD (‘000s) FY13 FY12 % Revenue continuing operations 960 303 Up 217% Net operating loss after tax attributable to members 3,415 4,650 Down 27% Increase in recurring revenues (license and transaction fees) • Result reflects investment in development resources and infrastructure required to complete bank accreditation. Once-off loss of $1.1million from divestment of micro-payments business. FY13 Results Analysis Highlights and Outlook Mint completed all necessary compliance and offers a bank grade, secure mobile payments platform Bank accreditation achieved in Australia and UK markets Mint’s powerful and secure payment technology ready to scale Significant distribution contracts signed Forpersonaluseonly
Contact Alex Teoh Chief Executive Officer Mint Wireless Limited T: +61 2 8752 7888 F: +61 2 8752 7899 E: Alex.Teoh@mintwireless.com Forpersonaluseonly
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