ENABLING(THE(MASS(MARKET(FOR(SECURE(ID(

!August!2014!Dr.!Hemant!Mardia,!CEO!

www.idex.no!

1 13.8.14

IDEX!ASA!AT!A!GLANCE!

SmartFinger®!sensors!

SmartFinger®!algorithms!

SmartFinger®!soluHons!

Fingerprint(sensors(for(mass(markets(

Secure,(convenient(and(userFfriendly(personal(ID! !(

214(granted(and(Apple(cross(licence(

HQ(Oslo,(Norway;(Silicon(Valley,(Boston(and(Far(East(offices(with(>40(FTE(staff !!

Oslo(Axess(exchange,(>1500(shareholders !(

Include(INVESCO(and(World(Wide(Touch(

PRODUCTS(

VISION!(

STRONG!PATENTS!(

GLOBAL!OPERATION! !(

PUBLIC!LISTED!(

STRATEGIC!INVESTORS!(

13.8.14 2

•  Addressing(three(aXracYve(mass(markets(driven(by(rapid(mobile(adopYon(and(payment(

•  One(of(three(capaciYve(sensor(vendors(with(established(IP(in(a(billion(unit(opportunity(

•  Unique(strength(in(fundamental(patents,(differenYated(sensors(and(Apple(xFlicence(

•  Highly(compeYYve(product(roadmap(with(swipe,(touch(and(unique(sleek(glass(sensors(

•  Solid(industrial(partners(provide(compeYYve(manufacture(and(major(customer(channels(

•  Experienced(leadership(team(with(strong(commercialisaYon(track(record(

•  AXracYve(outlook(F((well(funded,(strong(customer(interest,(commercialisaYon(in(2H(2014(

IDEX!STRONG!VALUE!PROPOSITION!

IDEX:!SMARTFINGER®!!

LOW!COST! ACCURATE!&!SECURE! THIN!&!FLEXIBLE!

3 13.8.14

IDEX!SENSORS!ADDRESSING!THREE!MASS!MARKETS!GROWING!!WITH!MEGATRENDS!

4(

SupporHng!mega!trends!•  Password(replacement(•  Mobile(payment(•  PersonalisaYon(•  Access(control(•  Security(

Cards(ID(&(smart(

Internet(of(Things((IOT)(

Mobile(devices(

4 13.8.14

UET

5

SMARTPHONES!RAPIDLY!DOMINATING!THE!MOBILE!DEVICE!MARKET!

•  IDEX!target!billion!unit!non!Apple!mobile!device!market!‒  Others:!large!market!dominated!by!growing!Chinese!OEMs!‒  New!segment:!Mobile!payment!driving!tech!Htans!to!biometric!devices!!(e.g.!Google,!PayPal,!Amazon)!

•  IDEX!strategy!to!leverage!scale!and!cost!into!high!value!non!mobile!mass!market:!card/IOT!!

77

98106

111

74898485

3544513431

20

17 16

135117

10(

295(

14(

12(

Q3!13! Q4!13! Q2!14!

288(

13(

Q1!14!

15(

13(

+23%!

14(

290(

261(

Q2!13!

14(

11(

240(

12( 12(12(

Huawei( Samsung(Apple(LG(Others( Lenovo(

Units!shipped!by!top!smartphone!vendors!Million(units(shipped(

Source:(IDC;(Gartner(

Top!10!mobile!phone!manufacturers!in!2013!Million(units(shipped(

614((34%)(

Others(

69((4%)(

LG(

Nokia(

251((14%)(

TCL(

50((3%)(

53((3%)(

Huawei(

151((8%)( Apple(

33((2%)(

60((3%)(

ZTE(

Yulong(38((2%)(

Sony(

444((25%)(

Samsung(

45((3%)(

Lenovo(

Total:(1(807.0(

13.8.14

RAPID!ADOPTION!OF!FINGERPRINT!SENSORS!IN!MOBILE!DEVICES!!TOWARDS!A!NEW!MULTIBILLION!DOLLAR!MARKET!

6

185$348$

629$

879$

370$

675$

1257$

1706$

2014E$ 2015E$ 2016E$ 2017E$

FP$Sensors$(non$Apple)$m$units$ FP$Sensors$market$$m$

Forecast(mobile(devices(with(fingerprint(sensors(PenetraYon(rate(of(50%(2017(

Source:(N+1Singer,(IDEX(January(2014(

High(touch(screen(penetraYon(in(mobile(catalysed(by(Apple(in(2007(

21%(15%(

2%( 3%(

Notebook!

12%( 13%(12%(

Mobile!phone!

66%(

77%(

Allbinbone!

84%(

50%(

18%(

2011( 2013( 2014(2012(

+360%!

•  2014:(Flagship(demand(shiped(from(swipe(to(touch(sensors(for(Apple(like(user(experience(•  2015:(Expect(low/mid(end(smartphone(penetraYon(with(low(cost(swipe(sensors(

Source:(DisplaySearch,(Macquire(Research,(June(2013(

Now$that$Apple$has$shown$the$way,$compe2tors$are$in$a$race$to$enter$the$market$with$similar$systems$

IHS$Press$Release,$November$2013$

13.8.14

IDEX!IS!ONE!OF!ONLY!THREE!INDEPENDENT!VENDORS!WITH!CORE!IP!IN!MASS!DEPLOYED!CAPACITIVE!FINGERPRINT!SENSORS!

7

Mobile(Device(Providers(

Semiconductor(Integrators(

SubFModule(&(Packaging(Integrators((

CapaciHve!Fingerprint!Sensor!Component!Vendors!

Silicon(ASIC(Semiconductor(Manufacturers(

DreamTech(

Sold(to(SynapYcs(for($250M(

Sold(to(Apple((for($350M(

13.8.14

22(registered(families(214(registered(patents((8(pending(families(41(pending(patents(

8

OEMs!criHcally!evaluaHng!vendor!patents!•  IDEX!owns!strongest,!core!IP!pordolio!in!

fingerprint!sensing!outside!Apple!!

•  Low!cost!sensing,!algorithm,!two!part!sensors!in!any!material,!single!chip!sensors,!in!glass!implementaHons(

•  Patent!landscape!highly!constrained!due!to!vendor!consolidaHon!

•  Unique(protecYon(from(crossFlicense(with(AuthenTec/Apple:(8(US(patents(

•  Apple(strengthened(the(core(‘381F(patent’(adding(118(claims(aper(recent(challenge(

•  Touch(sensor(IP(expanded(acquiring(Picofield(patents(2013(

IDEX!OWNS!UNIQUE!IP!IN!CAPACITIVE!FINGERPRINT!SENSING!AND!APPLE!XbLICENCE!SETTING!HIGH!BARRIER!TO!ENTRY!

8 13.8.14

PRODUCTS! SWIPE! FIRST!GENERATION!SILICON!TOUCH!

SECOND!GENERATION!FLEX!TOUCH!

FUTURE!!UNIQUE!GLASS!!SWIPE!&!TOUCH!

BEST!IN!CLASS!MOBILE!SENSORS!

(((((

(((

((((((

COMPETITIVE!ADVANTAGE!

•  Best!in!class!image!and!angle!

•  Large!image!from!small!bufon!

•  Lowest!cost!(<$3)!

•  Small!size!needed!for!mobile!

•  3x!iPhone!5S!capture!increases!biometric!security!

•  DisrupHve!cost!

•  Flexible!form!factor!

•  Bezel!free!design!eases!packaging!

•  Durable!

•  No!loss!of!performance!

SAMPLING! •  NOW! •  NOW! •  H1!2015! SWIPE:!2015!TARGET!!

IDEX!DIFFERENTIATED!ROADMAP!LEVERAGES!CORE!PATENTS!TO!OFFER!A!UNIQUE!PRODUCT!RANGE!

9 13.8.14

10

IDEX!TWO!PART!TOUCH!SENSOR!WILL!PROVIDE!A!MAJOR!COST!ADVANTAGE!OVER!THE!LATEST!SILICON!SENSORS!

4x(

13.8.14

TradiHonal!touch!sensor! Apple!5S!sensor!

First!generaHon!mobile!touch!sensor!!

IDEX!second!generaHon!touch!!

•  12(x(18(mm(

•  Silicon!(240mm2)!(•  USD(~30(

•  Too(large(and(costly(for(mobile(

•  4.5(x(4.5(mm(

•  Silicon!(>30mm2)!

•  USD(8+(

•  Image(area(small(for(opYmal(recogniYon(

•  Costly(sapphire(cover(•  Drive(bezel(needed(

•  8(x(8(mm(

•  Silicon!(80mm2)!(•  USD(6(–(8((•  OpYmised(size(and(

lower(cost(for(mobile(

•  Drive(bezel(and(thick(coaYng(needed(

•  8(x(8(mm((•  Polymer!sensor!•  Silicon!IC!<20!mm2!•  >30%!lower!cost!

•  Sensor(shape(can(be(rapidly(adapted(

•  No(drive(bezel(and(thin(coaYng(

Area!!Sensor!!!ASP!!Comment!!

•  IDEX(sampled(first(generaYon(small(touch(and(swipe(sensors(to(over(10(consumer(device(customers(with(CrucialTec(partnership(‒  CrucialTec(established(fingerprint(module(vendor(into(mobile(‒  Samples(supplied(Selected(for(qualificaYon(in(specific(mobile(programs(‒  First!Design!Win!for!touch!sensor!with!an!Asian!Tier!2!OEM!flagship!phone(

•  Partnership!with!Cypress!to!deliver!secondbgeneraHon!twobpart!touch!sensors(‒  Cypress(a(leading(semiconductor(soluYon(vendor(to(Yer(1(mobile(customers(‒  Lower(price(than(silicon(sensors(being(used(today(‒  Combined(development(to(achieve(superior(performance(and(security(features((

•  Secured(order(with(World(Wide(Touch(for(300k(units(for(mobile(accessories(

•  Increased(customer(acYvity(for(secure(card(products(for(ID,(access(control(and(payments.(IDEX(flexible(sensor(is(ideal(including(CardTech(order(for(iniYal(customer(samples(backed(by(a(global(Yer(1(manufacturing(partner(

•  Unique(development(to(implement(thirdFgeneraYon(sensor(family(in(glass(-  Strong(interest(for(sleek(inFglass(soluYon(-  Industry(first(swipe(demonstraYon(at(Mobile(World(Congress(this(year(-  InacYve(display(area(“sop(buXon”(

BROAD!PROGRESS!IN!IDEX!PRODUCT!AND!MARKET!DEVELOPMENT!!IN!2014!INCLUDING!FIRST!MOBILE!FLAGSHIP!DESIGN!WIN!

13.8.14 11

SOLID!INDUSTRY!PARTNERSHIPS!ENABLING!COMPETITIVE!SUPPLY!CHAIN!

12 13.8.14

IP!Licence!Silicon(design(and(

algorithm(

Silicon!ASIC!Manufacture(

Fingerprint!Module!Manufacture!

Assemble(ASIC(with(substrate(

Sensor!Substrate!Low(cost(flex/glass(

Module!supply!

Customer!sales!!&!applicaHon!

support!

Mobile!device!

IDEX(moneYses(through(IP(licensing(of(algorithm(&(silicon(and(via(sales(of(sensor(component(for(the(mobile(market(

IDEX(delivers(complete(sensor(soluYons(for(non(mobile(markets(

Strategy!Advisory!Council!!•  Formerly(CEO(of(AuthenTec(Inc.,(leading(supplier(of(fingerprint(sensors,(responsible(for(sale(to(Apple(Inc.(Successful(

track(record(of(growing(private(and(public(businesses.(

•  Chairman(FIDO(Alliance,(Ex(CISO(PayPal,(formerly(VP(Security(American(Express,(highly(influenYal(in(mobile(security(

EXPERIENCED!LEADERSHIP!TEAM!WITH!STRONG!!COMMERCIALISATION!TRACK!RECORD!

•  CEO(of(IDEX(since(May(2013((•  Track(record(of(commercialising(high(technology(growth(businesses(over(30(years.(•  Formerly(CEO(of(Filtronic(Plc,(a(technology(telecoms(business(listed(on(the(London(Stock(Exchange((FTSE)(•  InnovaYve(technologies(and(products(in(mulYple(markets(including(semiconductors,(mobile(&(aerospace(

Hemant!Mardia!CEO!(PhD)!

•  Joined(IDEX(in(2006(as(CTO(and(was(also(CEO(in(2008F2013(•  ExperYse(in(nanotechnology/MEMs(at(SINTEF,(the(leading(R&D(insYtute(in(Norway.(•  Holds(internaYonal(patents(in(the(field(of(sensors(and(fingerprint(technology.(Ph.D.(in(semiconductor(physics((

Ralph!Bernstein!CTO!(PhD)!

•  CFO(of(IDEX(since(1(August(2014((•  Prior(to(joining,(he(was(a(Director(at(the(private(equity(firm(Herkules(Capital(and(consultant(at(McKinsey(

Henrik!Knudtzon!CFO!

•  Formerly(CEO(at(PicoField(Technologies,(Inc.(a(fingerprint(sensor(technology(start(up(in(Silicon(Valley(•  Veteran(entrepreneur(with(operaYons,(finance(experience(in(developing(leading(technology(based(companies(

Thar!Casey!President!b!IDEX!America!

•  Over(30(years(of(experience(in(the(semiconductor(technology(and(biometrics(industries(•  Founded(Picofield(Technologies(in(2010(and(developed(a(disrupYve(touch(fingerprint(Sensor(technology.(•  Founded(Validity(in(2002,(patented(world’s(first(offFchip(flex(swipe(sensor.(Acquired(by(SynapYcs(in(2013($255M(

Fred!Benkley!CTO!b!IDEX!America!

Larry!Ciaccia!!

Michael!Barref!

13 13.8.14

•  $315M((1970MNOK)(market(capitalisaYon(August(2014(•  Opex($4.2M(Q2(2014((25.4MNOK)(

•  Cash(balance(Q2(2014($48M((295(MNOK)(‒  $49M((300MNOK)(Invesco(funding(‒  $37M((225MNOK)(Invesco(warrants(at(7.5NOK(can(

be(exercised(within(2(years(

•  Unique(patent(breadth(&(protecYon(with(Apple(X(licence(•  Highly(differenYated(mass(market(product(roadmap(•  Low(opex(through(fabless(model(and(licensing(to(partners(

to(exploit(mulYple(markets(concurrently(•  Strong(balance(sheet(to(support(Yer(one(partners(

ATTRACTIVE!INVESTMENT!PROPOSITION!

14

InflecHon!point!for!$!mulHbillion!opportunity!for!biometrics!

13.8.14

IDEX$ASA$(NORWAY$LISTING)$SHARE$PRICE$(NOK)$

15

10((60.5)$

Cash!balance!$M(((MNOK)(

56((342.5)$

8(((46.5)$

4.5(

2.0(

1.0(

4.0(

3.0(

0.5(

1.5(

2.5(

0.0(

3.5(

5.0(

Quarterly!OPEX!run!rate!$M((MNOK)$

Q1!2014!

0.7((4.3)(

Q2!2014!

0.5((3.1)(

4.2!(25.0)$

3.0((17.7)(2.8((17.0$

3.5((21.1)(3.2!(19.3)$

0.7((4.0)$

0.6((3.9)(0.4((2.6)$

2.1((12.7)(

Q4!2013!

0.5((2.7)(

0.6((3.8)(

Q3!2013!

0.8((5.0)(

3.9!(23.5)!

4.9!(30.0)!

Other(

Sales(and(markeYng(

R&D(

48((294.7)$

13.8.14

STRONG!CASH!BALANCE!SUSTAINING!INCREASING!ACTIVITY!

•  Devices(with(IDEX(1st(generaYon(sensors(to(launch(H2(2014(for(iniYal(revenues(

•  2nd(generaYon(developing(with(Cypress(for(2015(

SECURE!MARKET!TRACTION!

Mobile!

ATTRACTIVE!OUTLOOK!b!STRONG!CUSTOMER!INTEREST!AND!COMMERCIALIZATION!OF!PRODUCTS!EXPECTED!DURING!H2!2014!

•  IntegraYon(&(launch(in(devices(mid(2014(

•  Several(OEMs(sampling(sensors(

•  Volume(H2(2014(from(WWTT(order(

INITIAL!PRODUCT!SHIPMENTS!

IOT/Peripheral!

•  Card(prototypes(H2(2014(to(OEMs(

•  First(order(secured(with(CardTech(

(•  2015(OEM(product(launch(

DEMONSTRATOR!PHASE!

ID/Smart!Cards!

•  Tier(1(partner(acYvity(

•  Global(recruitment(

•  Patent,(ASIC,(glass(&(algorithm(investment(

EXPANSION!OF!STRATEGIC!PARTNERS!

Business!OperaHons!

16 13.8.14