IDEX ASADNB SME Conference,April 2017

IDEX.NO

DISCLAIMER

This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and

uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current

expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that

are major markets for IDEX ASA (IDEX) and its subsidiaries. These expectations, estimates and projections are generally identifiable by

statements containing words such as "expects", "believes", "estimates" or similar expressions. Important factors that could cause

actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic

areas and industries that are or will be major markets for the IDEX businesses, market acceptance of new products and services,

changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be

discussed from time to time. Although IDEX believes that its expectations and the information in this presentation were based upon

reasonable assumptions at the time when they were made, it can give no assurance that those expectations will be achieved or that

the actual results will be as set out in this presentation. IDEX ASA nor any other company within the IDEX Group is making any

representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the

presentation, and neither IDEX ASA, any other company within the IDEX Group nor any of their directors, officers or employees will

have any liability to you or any other persons resulting from your use of the information in this presentation. IDEX ASA undertakes no

obligation to publicly update or revise any forward-looking information or statements in this presentation.

©2017 IDEX ASA2

LEADERSHIP THROUGH INNOVATION IN FINGERPRINT SENSORS

DIFFERENTIATED TECHNOLOGY ENABLING GROWTH

©2017 IDEX ASA3

IDEX AT A GLANCE

Fingerprint imaging, recognition and authentication• Only vendor offering full capacitive sensor portfolio• Designed specifically for mass-market solutions

Fundamental IP assets in fingerprint sensing• 49 granted and pending patent families

Oslo, Norway; Silicon Valley, Boston, US; UK and Far East • Offices with ~110 staff

Oslo Stock Exchange, ~2,500 shareholders• Market Cap: ~NOK 4 billion|USD 465 million• Investors, including Invesco & Funds managed by Woodford

Executives from Validity, Synaptics and AuthenTec

UNIQUE TECHNOLOGY

STRONG PATENTS

GLOBAL OPERATION

PUBLICLY LISTED

Smartcards, Mobile and IOTHUGE GROWTH MARKETS

EXPERIENCED LEADERSHIP

COMMERCIALISATION IN THREE MASS MARKETS

Off chip technology

Leading smartcard adoption

Momentum in mobile

Traction in emerging IoT

Capacitive sensing platform

©2017 IDEX ASA5

ONLY VENDOR OFFERING FULL CAPACITIVE SENSOR PORTFOLIO

Silicon fingerprint sensors Off-Chip fingerprint sensors

©2017 IDEX ASA6

OFF-CHIP SENSING DIFFERENTIATION IN PERFORMANCE AND COST

ID & SmartCards

ID & Smartcards

Mobile

Internet of Things (IoT)

Flexibility across markets and applications

< 13mm silicon

Low cost and highly adaptable form factor

5x smaller IC

©2017 IDEX ASA7

OFF-CHIP IDEAL FOR NEXT GENERATION BIOMETRIC APPLICATIONS

2017 2018 2019 2020 2021 2022

INDICATIVE ADOPTION*

Current mobile solutions: glass and coated buttons

Smartcards

Leveraging product differentiation to drive growth and profitability in target segments

> 3 billion units

*Source: IDEX estimates, Statista

and Gartner

©2017 IDEX ASA8

FURTHEST STAGE IN MASS DEPLOYABLE BIOMETRIC CARDS

• Diverse mass market opportunity

• Off-chip sensing technology uniquely suited for standard cards

• End-to-end solution developed with top tier partners

• Advanced commercial status for global deployment

IDEX targets #1 position in biometric smartcards

©2017 IDEX ASA9

IDEX SMARTCARD MARKET OPPORTUNITY

Banking

ID

Other

Financialinclusion

Access

Card integrators Market enablers End customers

Benefits distribution

Differentiation

Enhanced security

Banking

Government

Other

Government

Enterprise Convenience

Value driverMarket verticals

©2017 IDEX ASA10

OFF-CHIP TECHNOLOGY UNIQUELY SUITED FOR CARDS

Large image size• Enhanced user experience• Superior biometrics with limited processing

Flexible • Sensor is thin polymer, not brittle silicon

Low cost• Polymer sensor, small silicon footprint <13 sq mm• High level of integration with on-board controller

Low powerconsumption

Strong IP • Extensive patents and innovative roadmap

• Contact & contactless power harvesting from POS terminals• Card operation without batteries

©2017 IDEX ASA11

END-TO-END SOLUTION FOR COMMERCIAL DEPLOYMENT

Compatible withcard

manufacturingprocess

Designed intomass

enrolmentsystem

Compatible with existingpoint of sales

terminals

Manufacturing Bank Retail

©2017 IDEX ASA12

ADVANCED STAGE TOWARDS COMMERCIAL ADOPTION

Level of commercial maturity

Strategic partnerships Certification Commercial deployment

Global paymentprovider

Card integrators

• Securecertificationprocess

ISO compatibility

Integrated in ISO standard cards

ISO card bendingtests passed

Proven compatibilitywith contact POS

Readiness for cardproduction

ASIC for contactlesssensor completed

End user testing

Successful live pilot with global paymentpartner

Commercial ordersto support customertrials

End-customer trials in progress

• Commercial deployment at programme with global payment provider

• Banking and financial inclusion

• ID

• Access control

• Other

Expanded engagement to multiple tier one partners - Multiple market opportunities

©2017 IDEX ASA13

IDEX STRATEGY FOR THE MOBILE MARKET

2017 2018 2019 2020 2021 2022

Coated button Glass button In-display

IDEX offers solutions to capture market growth now and for the next generation

INDICATIVE ADOPTION*

Current: Coated buttons• Commercial momentum with

Cardinal silicon sensor

Next generation: Flexible OLED• Technology development

Interim: Ceramic/ glass buttons• Ceramic & glass sensors recently

introduced

*Source: IDEX estimates, Statista and Gartner

©2017 IDEX ASA14

IDEX IS INVESTING IN NEXT GENERATION MOBILE SOLUTIONS

IDEX off-chip capacitive sensing ideally suited

• Competitive cost position for larger sensors

• Same architecture as touch panels

• Sensor made of polymer material

Market development towards infinity displays

• Samsung S8 recently launched with infinity edge-to-edge display

• Two expected developments:

Fingerprint sensors move to the back of the handset and grow in size

Ultimately sensors are embedded in the display

Investment prioritised on intercepting mobile display evolution

• Hired team of display integration experts

©2017 IDEX ASA15

IDEX VALUE PROPOSITION

Huge market potential Three target markets – each with multi-billion unit potential

Unique technology Off-chip technology offers differentiation with flexible sensors and competitive cost

Strong IP portfolio One of the industry’s strongest patent portfolios in capacitive sensing

Talented organisation Expanded organisation with extensive industry experience

Solid financial position Strong balance sheet with USD 64 million, no debt

©2017 IDEX ASA16

Appendix

MOMENTUM IN MOBILE – MORE THAN 3 MILLION UNITS SHIPPED

Dec '15 Feb '16 Apr '16 Jun '16 Aug '16 Oct '16 Dec '16 Feb '17 Apr '17 Jun '17

Major Asianmobile customer

Chinese mobilecustomer

• 8 mobile design wins, 3 launches and 3 customers with Cardinal sensor• Production orders received in advance of further smartphone launches• Ongoing qualification of off-chip sensor with tier one OEM

Design win

Market launchL

L

L

L

L L L L

LIndicativemarket launch

DW

DW

DW

DW

DWDWDWDW DW

L

SCALING TO CAPTURE MARKET GROWTH

China

Boston

Norway

UK

South Korea

Rochester

San Jose

Strengthened technical team to accelerate product development

• Organisation grown from 65 to 92 over 2016 including outsourced software team

• Strengthening prioritised segments: cards and mobile display integration

US/ Rochester: Silicon Centre of Excellence

US/ Boston: Advanced Sensor Technology & Software

UK: Card Product Development

Silicon Valley: Appointed Paragon Technical as sales agent

China: FAE Team

Appointed Comtech as distributor

Norway: Head office

©2017 IDEX ASA19

FOURTH QUARTER KEY FINANCIALS

10

0 0

80

10

15

5

70

50

40

30

20

60

14

53

17

6

8

7

12

7

23

57

10

Q3 16

47

12

25

40

73

37

Q4 16

22

4

Q4 15

32

Q1 16

25

45

Q2 16

21

27

R&DPayrollRevenues Other Op.Ex

Growth in revenue, mostly from LG programmes

• 2016 revenues of NOK 38.6 million

• Q4 revenues of NOK 12.5 million

Gross margin of 15 per cent in 2016

• Mainly Cardinal sensors

• Initial volumes of Eagle

Operating expenses

• Underlying salary increasing due to staff expansion

• Q4 R&D cost lower due to completion of new ASIC platform

Quarterly revenuesNOK million

Quarterly OPEX NOK million

©2017 IDEX ASA20

STRONG BALANCE SHEET WITH USD 64M CASH, NO DEBT

764

683

623 579

533

0

100

200

300

400

500

600

700

800

Net cash position by quarterNOK million

Fourth quarter cash outflow ofNOK 47 million

• EBITDA of NOK -47 million

• Working capital increase of NOK 6 million

Strong cash balance of NOK 533 million

©2017 IDEX ASA21