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Operations Update. Isaac Angel Executive Vice President, Global Operations. Supply Chain Overview. PLAN. SOURCE. SUPPORT. MAKE. DELIVER. W O R L D C L A S S P E O P L E. Supply Chain Model & Benefits. Build to Stock and Build to Order model
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OperationsUpdate Isaac Angel Executive Vice President, Global Operations
PLAN SOURCE SUPPORT MAKE DELIVER W O R L D C L A S S P E O P L E Supply Chain Model & Benefits • Build to Stock and Build to Order model • Fulfillment model: DC shipments and direct to customer shipments • Hybrid model of manufacturing • Capabilities to rapidly respond to customer requirements • Overriding dedication to quality of products • Build a diverse portfolio of technologies — barrier of entry • Constant re-engineering to retain the leadership position • New product intros • State of the art e-SCM tools & systems • Global capacity
Merge Integrate Capitalize Integration Highlights • Investments • Oracle 11i upgrade • Inventory investment • NURIT capacity expansion • Consolidate and simplify • Closed 4 factories and 5 DC’s • Expanded our in-house manufacturing by 60% • Largest provider of wireless product in the payment industry • Focus on demand planning competence • Service level is linked to our ability to plan
Simply the most powerful and nimble Supply Chain in the payment industry …Undisputed 2007 Overview • Successfully merged two different Supply Chains into one cohesive team • Launched 13 NEW products this year • Production of over 500K payment systems per quarter • Implemented (just) Oracle 11i Advanced Planner Module with teams located in US, Singapore and Israel • Done by employees who didn’t know each other 12 months ago! • Supply NURIT 8020 turn key out of Brazil • Completed PCI transition within the product portfolio
2008 Plans • Implementation of ATP • Available to Promise technology • Continued consolidation of sites • Focus on Fill Rate improvement (>95%) and lead-time reduction to customers • Plan and invest to build scale for $2B enterprise Plan Invest Consolidate + +
PCI PED • Challenges • Inventory • PCI PED deadline • Forecast/projections Ensuring safe handling of sensitive informationand improve cardholder confidence
Dublin London Warsaw Russia Toronto Sacramento Paris Italy Beijing New York Turkey Atlanta San Jose Dallas Spain Tel Aviv Savannah India Hong Kong Miami Taipei Clearwater Mexico City Bangalore Honolulu Manila Singapore Sao Paolo Australia Buenos Aires Product Design Centers Platform Software Development Centers Application Development Centers R&D Global Footprint Worldwide over 700 personnel developing system solutions
VeriFone Hypercom Ingenico R & D Investment Note: Hypercom 2006 figures per Morgan Keegan; Ingenico 2006 figures per Merrill Lynch; Ingenico 2003 – 2006 figures converted using exchange rate of US$ 1 = 0.784 Euros Note: Financials above reflect FYE October 31 for VeriFone and LTM June 30 for Lipman.
People Products • Senior Management • Program Management • Dev & Tech Support • ISS & PAYware teams • PINpad1000SE (PCI) • TMS applications • NextGen Products Technologies Business Process • NextGen Platform • PCI 2.0 Platform • Contactless Platform • PLC Development Process & Sign-off • Custom Project Process & Sign-off R&D Integration Highlights
2007 Overview Industry Certifications • PCI-PED, PCI-EPP, PCI-UPT, PCI-DSS • EMV level 1 and 2, PBOC 2.0, CB 5.2 • MasterCard TQM and PTS • Regional Bank/Processor(Class B, Class A, etc) • Regional Security associations(Interac, CC, Currence, ZKE,SAKO-I, ep2, ETSL, APCA, NETS, EPSCO, PCEC)
VeriFone EMV Solutions • EMV Hardware (L1) compliance on all platforms • Vx, Nurit, MX, SC 5000, Verix, Smart 5000, OpenPay, Secura, Xplorer, Xtreme • EMV Software (L2) compliance on all EMV platforms • Vx, Nurit, MX, SC 5000, Verix, Smart 5000, OpenPay, Secura, Xplorer, Xtreme • EMV L1 and L2 certifications planned for all new smart card products • New Vx, Verix, SC 5000, MX modules planned with additional requirements for Canada (EMV Interac compliance); Custom modules for China and France • MasterCard Terminal Quality Management (TQM) • Label maintained on all EMV products
Q1’07 Q2’07 Q3’07 Q4’07 V5 terminal SC5000 Vx/NURIT PTS China RoHS Vx570 ISDN NURIT 293 Vx 510 (PCI) Vx 610 (PCI) V5 PINPad NURIT 2930 NURIT 8400 Vx 810 Vx 670 (BT) NURIT 8020 (PCI) PINpad1000SE Qx 720 OP 4100 MX870 EMV FOPT MX850 MX830 QX110W/T/D VisualPayments OTS (IPCharge) PC Charge 5.7 IP Charge 1.2 RiTA 3.03 31 Customs 51 Customs 69 Customs 75+ Customs FY 2007 – Major Releases
FY2008 Plan – Solutions Payment/Integrated Systems • Product line enhancements • Integrated & modular contactless • Expanded communication options • Platform architecture consolidation • PCI 2.0 architecture & certifications • Custom & sustaining projects • New ECR & UPT system solutions
FY2008 Plan - Systems Enterprise Systems • PAYware Merchant, PrePAY, Link, and CMS enhancements & regional customizations • RiTA Server, IP Charge enhancements • PC Charge 6.0 release & updates • VeriFone Managed Services, Rapid Application Development (RADD) Tools • VeriCentre & NCC enhancement releases • PCI DSS compliance for all relevant products & services
Mandates Oct 1, 2007 PCI EPP (for all newly deployed EPPs) Jan 1, 2008 PCI PED (for all newly deployed PEDs) Apr 1, 2008 PCI 2.0 (for all newly submitted PEDs & EPPs) Jul 1, 2008 PABP certification required on all new payment applications Jul 1, 2010 All POS PEDs in use must be certified (Visa PED or PCI PED) PCI & PABP Unmatched PCI approved portfolio! • 27 product models PCI PED approved • 3 payment applications PABP approved • 1 payment service CISP approved Challenges (2008) • PCI 2.0 architecture, design, and certification for new PEDs & EPPs • Visa PABP mandates & certifications for new Payment Applications
Wireless Leadership • Industry leading product portfolio • NURIT 8000, Vx670, Vx610 • Leading wireless technologies • GPRS, CDMA, Wi-Fi, Bluetooth • Total solution & services • Systems, software, gateway, airtime, deployment • ON THE SPOT Managed for PATT (IPCharge) • Worldwide network certifications NURIT 8000 Vx 670 Vx 610