Mint Wireless Limited (ASX:MNW)
Company update
September 2013
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Global observations
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© 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
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© 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
mPOS1 mPOS
1. IE Market Research
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© 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:
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The Mint Platform
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© 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
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State-of-the-art native iPhone and Android apps F
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© 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 F
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© Mint Wireless Limited | confidential | September 2013 Page 10
Turn Key Bank and Merchant Portal F
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Growth Strategy
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© 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 F
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© 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
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© 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 F
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© 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.
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© Mint Wireless Limited | confidential | September 2013 Page 16
Established customers and new distribution channels F
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© 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
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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:
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Outlook
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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
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Questions
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Appendices: About Mint
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© Mint Wireless Limited | confidential | September 2013 Page 23
Appendix 1: Corporate snapshot
23
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%
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© 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
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Contact
Alex Teoh Chief Executive Officer Mint Wireless Limited
T: +61 2 8752 7888 F: +61 2 8752 7899
E: [email protected] F
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