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8-K - 8-K - FINJAN HOLDINGS, INC. | form8k050117.htm |
Investor Presentation
May 2017
NASDAQ: FNJN
Safe Harbor Statement
The following presentation is prepared as of May, 2017 and
outlines matters for informational purposes only. This document
does not constitute an offer to sell or a solicitation of an offer to
buy any securities of Finjan Holdings, Inc. (“Finjan”, “we” or “us”).
This presentation includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements include statements
regarding our expectations, intentions, beliefs and projections
about our future results, performance, prospects and
opportunities. These statements can be identified by the fact that
they do not relate strictly to historical or current facts or by the
use of words such as “anticipate,” “believe,” “could,” “estimate,”
“expect,” “intend,” “may,” “plan,” “project,” “potential,” “should,”
“will,” “will be,” “would,” the negative of these terms and similar
expressions, but this is not an exclusive way of identifying such
statements. Readers are cautioned that forward-looking
statements are not guarantees of future performance. Our actual
results, performance and achievements may differ materially from
those expressed in, or implied by, the forward-looking statements
contained in this presentation as a result of various risks,
uncertainties and other factors. Important factors that could cause
our actual results to differ materially from our expectations
include, without limitation, our ability to execute our business
plan, the outcome of pending or future enforcement actions, our
ability to expand our technology portfolio, the enforceability of our
patents, the continued use of our technology in the market, the
development of a liquid trading market for our securities and other
factors described under Item 1A, “Risk Factors,” as set forth in
the Company’s Annual Report on Form 10-K filed on March 27,
2017 or Quarterly Report on Form 10-Q filed with the SEC and
any subsequent quarterly or current reports.
The Company will continue to file annual, quarterly and current
reports, proxy statements and other information with the SEC.
Forward looking statements speak only as of the dates specified
in such filings or presentations. Except as expressly required
under federal securities laws and the rules and regulations of the
Securities and Exchange Commission, we do not undertake any
obligation to update any forward-looking statements to reflect
events or circumstances arising after any such date, whether as a
result of new information or future events or otherwise. You
should not place undue reliance on the forward-looking
statements included in this presentations or that may be made
elsewhere from time to time by us, or on our behalf. All forward-
looking statements attributable to us are expressly qualified by
these cautionary statements.
Our filings with the SEC are available to the public on, and may
be reviewed at, the SEC’s internet website www.sec.gov and on
Finjan’s web site www.finjan.com. You may also read and copy
any document that Finjan files with the SEC at the SEC’s Public
Reference Room, 100 F Street, N.E., Washington, D.C. 20549.
Please call the SEC at 1-800-SEC-0330 for further information on
the Public Reference Room and their copy charges.
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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Strong Momentum Heading into 2017
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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*Excludes retirement of Series A Preferred shares and Contingencies (totaling $9.5M)
**Excludes jury award currently >$40M or contracted revenue
Finjan Highlights
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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Commitment to Invest in
Innovation
JVP Investment
Landmark
Patented Technology
Portfolio Growing, Proven
Durable
Experienced
Management Team
Industry-Recognized Board
Successful Licensing &
Enforcement History
Recent Trial Wins
Licensing Momentum
Mobile Security
Products
Launch of VitalSecurityTM
Healthy Balance Sheet
Paid off Preferred Shares
Strong Cash Position
Profitable; FY 2016 + 1Q 2017
Advisory Services and
Cybersecurity Thought
Leadership
CybeRisk
Cybersecurity: An Escalating Challenge Across Industries
Business/Retail
• 495 breaches (45%)
• 5,669,711 records
compromised
Cybersecurity Products and Services – to grow from $75 billion in 2015 to $175 billion by 2020*
Cyber Risk Insurance Market – projected to triple from $2.5 billion in 2015 to $7.5 billion by 2020**
Healthcare
• 376 breaches (34%)
• 15,942,053 records
compromised
Banking/Credit/Financial
• 52 breaches (5%)
• 72,262 records compromised
Government/Military
• 72 breaches (7%)
• 13,869,571 records
compromised
Data from 2016 ITRC Breaches as of January 18, 2017. Logos from companies having highly visible breaches over the last 18 months
*Nigam, founder of security advisory firm SSP Blue, expert in online safety and privacy; led security efforts at Microsoft and News. ** PwC Global State of Information Security Survey 2016.
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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A Global Issue
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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“Rome wasn’t built in a day, but
data breaches frequently were.
The time to compromise is
almost always days or less, if
not minutes or less.”
– Verizon Data Breach Report 2016
64,199
Security Incidents
82
Countries Reporting
2,260
Confirmed Data Breaches
700M
Compromised
Records
$400B
Cost Quadrupled
From 2013 – 2015*
$1.2T
Costs To Quadruple
by 2019**
Verizon Data Breach Investigation Report for
2016: countries represented in combined
caseload
* Lloyd’s of London
** Juniper Research
20 Years at the
Center of
Cybersecurity
Finjan Technology
& Patent Licensing
Software &
Hardware
Malicious Code
Research Center
M86/Trustwave
Merger
Innovation Fund
(JVP)
NASDAQ: FNJN Finjan Mobile Cyberisk Advisory
Services
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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IP Licensing
Portfolio of landmark cybersecurity patents
resulting from $65M in R&D and in-house
product development
Real-time behavior-based threat
detection, used in modern
security architectures
Finjan
Cybersecurity
Business
Diversified public company
focused in four areas
Finjan Mobile
VitalSecurity™ to protect consumer’s mobile
devices from the internet’s malicious content;
incorporates Finjan patented technologies
Exploring protecting mobile phones
in the workplace while securing
personal and corporate data
Cybersecurity
Consulting Services
CybeRisk™ Security Solutions Ltd.
Based in Palo Alto with offices in Tel Aviv
Risk assessment & Risk advisory
services tailored to meet compliance and
governance needs from “server room to
the board room”
Investments In
Innovation
$5M commitment to innovation
fund managed by Jerusalem
Venture Partners (JVP)
Limited Partner in early-stage
cybersecurity technology companies
alongside Cisco, Qihoo360 and Alibaba
Expansive and Growing License Opportunity
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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>$250M in Licensing Fees Generated from Portfolio
Large and
untapped universe
remains
NDCA
Judge Freeman
BC1: Jury Award of $39.5M,
CAFC Appeal expected 2017
BC2: Trial October 30, 2017
Germany Trial: November 20,
2017
Blue Coat acquired by
Symantec for $4.65B
NDCA
Judge Gilliam Claim Construction Completed Trial date April 9, 2018
SDCA
Judge Bencivengo Transferred to San Diego Germany Trial July 6, 2017
NDCA
Judge Freeman
Recently assigned to presiding
Judge in BC cases
NDCA
Judge Hamilton
One IPR pending; moving to lift
stay 2Q17
NDCA
Judge Armstrong
Stay lifted March 28; CMC April
20, 2017
Select Litigation Catalysts
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Recent trial victories with >$40M in outstanding judgments;
3 trials and 1 CAFC appeal schedule in 2017
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
“Finjan shows patent owner
can prevail at IPR institution
stage”
~ Practicing Law
Institute
“Finjan Scores 2 USPTO
Wins Over Cybersecurity
Patents”
~ Law360
“USPTO rulings on Finjan
patents strengthen cases
against Blue Coat Systems
and others”
~ ThePatentInvestor
“Finjan wins big patent
victory as USPTO denies
institution on 6 Symantec
IPR petitions”
~ IP Watchdog
“Sophos was hit by a $15 million
infringement verdict in a case brought
by publicly traded Finjan Holdings,
Inc., The latest development
in a litigation campaign that has
stretched on for over a decade.”
~ RPX
“Comb through records of intellectual
property disputes in the cybersecurity
market and one name comes up again
and again….Finjan Holdings Inc.”
~ Bloomberg
“Finjan patents ranked #4 of “patent
owners that had their patents
challenged in petitions
for IPR, CBM or PGR Review in 2015.”
~ Docket Navigator
Industry Leading
Durable Cybersecurity Patent Portfolio
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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76%Success Rate in Defeating Administrative Challenges at the USPTO and PTAB
Finjan Mobile, Inc.
• Incorporates Finjan’s Patented Technology
• Launched on time and on budget
• Engaged diverse technical and development resources
• Additional features in development in response to market demand
VitalSecurityTM 3.5 launched in April 2017;
VitalSecurityTM 4 to launch in 3Q 2017
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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Passcode for
Access
Biometric
Authentication
Best in Class
Malicious Code
Scanning
Features and
Preferences
Full Browsing
Experience
+150K
Downloads…
and counting!
CybeRisk Advisory Services
• CybeRisk Security Solutions, launched
June, 2015
– Recent rebranding
• Risk Assessment & Risk Advisory
Services
– Attack and penetration
– Risk and oversight
– Threat intelligence
– Defense optimization
– Thought leadership
• Headquarters moved to Palo Alto,
office in Tel Aviv
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© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
Strategic Innovation Fund Investment
• Research & development,
investment and incubation
globally
• Access to a pool of innovative
technology and valuable
cybersecurity patent assets
• 11 active cybersecurity
investments
• 2 early exits
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© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
PayPal Acquisition
Huawei Acquisition
Strategic LP’s Fund Exits
Investor Summary
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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Key Statistics As of December 31, 2016
Ticker FNJN (NASDAQ)
52-Week Trading Range $0.87 - $2.35
Common Shares Outstanding 22.84M
Current Cash $13.7M
Licensing Fees Under Contract** $3.3M
Preferred Shares Outstanding* 0
Debt $0
* As of April 10, 2017
** Licensing Fees Under Contract over the next 12 months
Contact Us
© 2017 Finjan Holdings, Inc. ALL RIGHTS RESERVED
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www.finjan.com
Vanessa Winter
Director of Investor Relations
Finjan Holdings, Inc.
650-282-3245
vanessa@finjan.com
2000 University Ave., Suite 600
E. Palo Alto, CA 94303
@FinjanHoldings
Linkedin.com/company/finjan
Facebook.com/FinjanHoldings