NASDAQ: FNJN - content.stockpr.comcontent.stockpr.com/.../presentation/SeeThruEquity+Conference_FIN… · NASDAQ: FNJN SeeThruEquity Fall Microcap Investor Conference Shimon Steinmetz

Finjan Holdings, Inc.NASDAQ: FNJN

SeeThruEquityFall Microcap InvestorConference

Shimon SteinmetzCFO and TreasurerFinjan Holdings, Inc.

September 11, 2014Approved For General Distribution

Safe Harbor Statement

The following presentation is an outline of matters for informational purposes only. This document does not constitute an offerto 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, asamended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regardingour expectations, intentions, beliefs and projections about our future results, performance, prospects and opportunities. Thesestatements can be identified by the fact that they do not relate strictly to historical or current facts or by the use of words suchas “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 statementscontained in this presentation as a result of various risks, uncertainties and other factors. Important factors that could cause ouractual results to differ materially from our expectations include, without limitation, our ability to execute our business plan, theoutcome of pending or future enforcement actions, our ability to expand our technology portfolio, the enforceability of ourpatents, the continued use of our technology in the market, the development of a liquid trading market for our securities andother factors described under Item 1A, “Risk Factors,” as set forth in the Company’s Annual Report on Form 10-K filed with theSEC on March 14, 2014, 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 requiredunder federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not undertakeany obligation to update any forward-looking statements to reflect events or circumstances arising after any such date, whetheras a result of new information or future events or otherwise. You should not place undue reliance on the forward-lookingstatements 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 onFinjan’s web site www.finjan.com. You may also read and copy any document that Finjan files with the SEC at the SEC’s PublicReference Room, 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information onthe Public Reference Room and their copy charges.

Page 2© 2014 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Finjan At a Glance

Cybersecurity licensing company operating in a $20 BN licensing universe,annually. Successfully licensed intellectual property resulting in more than$145 M of income.

Innovator inCybersecurity

•Developed innovativecybersecurity technologies

•Behavior-based threatdetection and preventionas a solution to malware

Manager of IPas an Asset Class

•Core competency inmanaging intellectualproperty licensing

•Industry-wide licensingprogram underway

Broad Portfolioof Patents

•40+ global patents (issuedand pending), multiplepatent families

•Patents cover fundamentaland disruptive technologies

•Expiration dates through 2030


2012: Confidential

2012: Confidential

2007:

2010: “2010 Litigation” (ON APPEAL)

2013:

2013:

2013:

2013:

2014:

2014:

2005:

2009:

2012:

Business Model Focused on Licensing

Our business model is focused on licensing and reduces the binary risk oftrial outcomes while increasing likelihood of income collection.

LICENSING

SETTLEMENTS

80%80%

JUDGMENTS 20%ENFORCEMENT 20%


Active Patent Enforcements

Active enforcement program – six concurrent litigations traveling on theirown individual timelines (dates are subject to change).

* Websense I and Websense II were consolidated on 6/23/14


Successful Licensing History

Successfully collected income of more than $145 M from licenses,settlements and judgments – far exceeding our current market cap.

COMPANY DATE LICENSES &SETTLEMENTS TYPE

March 2008 $37.9 M• Established royalty rate 8%-16%• Willfulness found• Injunction granted

July 2005 $8 M • Paid-up, cash• Portfolio

• Life of patents

Nov 2009 25% equity ofM86

• Stock• Portfolio

• Life of patents

March 2012 $3.1 M1 • Stock• Portfolio

• Life of patents

April 2012 $11.3 M • Confidential• Portfolio

• Life of patents

Nov 2012 $85 M • Confidential• Portfolio

• Life of patents

1: Estimated book value representing 224,000 shares of Trustwave. Source: company SEC fillings

Confidential

Confidential

Licenses &Settlements

Judgments


Large Cybersecurity Licensing Universe

Licensing universe comprises many dozens of technology companies.Expected sales of products based on Finjan innovations: Over $100 BNwithin the next five years.

Relevant SecurityMarkets 2013 2014 2015 2016 2017

Endpoint $11.2 BN $11.8 BN $12.5 BN $13.2 BN $13.8 BN

Messaging & Web $4.1 BN $4.4 BN $4.7 BN $5.0 BN $5.3 BN

Network $4.0 BN $4.0 BN $4.0 BN $3.7 BN $3.4 BN

Annual ImpactedRevenue $19.3 BN $20.2 BN $21.2 BN $21.9 BN $22.5 BN

Source: Gartner forecast and Company analysis.


“Growth in the cloud securityservices space has overtakenthat of traditional deliverymodels, growing at a rate of30% by the end of 2013 andreaching $4.2 billion by 2016.”

Gartner

“2013 worldwide IT securityspending will beapproximately $17.9 billion.”

IDC

“2013 Enterprise spend onSecure Web Gateway isestimated to be $2.5 billionwith a expected CAGR of11.8% between 2011-2016.”

Gartner

Cybersecurity – An Escalating Global Challenge

C Y B E R S E C U R I T Y B R E A C H E S I N T H E N E W S

JPMorgan Warns CardUsers on Data Loss After

Cyberattack

December 5, 2013

Target cyber breach hits40 million payment

cards at holiday peak

December 19, 2013

“Cyber attacks listed as a topnational security threat in the2013 Worldwide ThreatAssessment of the U.S.Intelligence Community.”

Office of theDirector ofNationalIntelligence

“Secure Web Gatewayrevenues grew 15% in 2012and are estimated to growbetween 13%-15% in 2013.”

Gartner

“2011 Ponemon Institutestudy estimated a 44%increase in successful cyberattacks from the prior year.”

PonemonInstitute

Neiman Marcus latestvictim of cyber attacks,

January 11, 2014

March 16, 2014

NATO Says its websites hitby cyber attacks

Cyber-Attacks to grow withnew technologies, Clapper

Says

January 11, 2014


Russian Hackers AmassOver a Billion Internet

Passwords

August 7, 2014

Small and Medium-SizedBusiness Solutions Enterprise Solutions Large Enterprise Solutions

NG-100 NG-5100 NG-6100 NG-8100

Award Winning Technology

Behavior-based threat detection and protection software and appliances,developed in-house, technology still available in the market today.

• Network Products Guide 2009:Finjan’s unified Secure Web Gateway wins inthe Product Innovations Web Security category

• eWeek’s Excellence Awards Program:Finjan’s Vital Security Web Appliance 8.4named WINNER in the Network DatastreamProtection category

• SC Magazine:Finjan’s Vital Security Web Appliance NG-6100receives five stars

• 2007 Global Excellence Industry Awards:Finjan Vital Security Web Appliance wins GlobalProduct Excellence Awards in three Categories– Web Security, Anti-Malware and Gateways


Strategic Investment in JVP Fund

Finjan invests millions in a cybersecurity venture fund with R&D incubatorthrough JVP and alongside other technology companies.

About Jerusalem Venture Partners (JVP)• Top-10 consistently performing VC fund worldwide (#1 in Israel)• 100 companies built since 1993 with $1 BN raised across 9 funds• 15 M&A exits and 11 IPO’s accumulating over $17 BN of transaction value• Hundred’s of millions in returns distributed to partners over the past three years

Key Investment Highlights• Outsourced R&D, continued engagement and thought leadership in cybersecurity

technology• Access to a pool of innovative technology companies with valuable patent assets• Israel has been a notable opportunity for acquisitions in security

1. Alt Assets


Sustainable Business Model Beyond Cybersecurity

Finjan intends to grow through strategic acquisitions, investments, andpartnerships in a diverse technology landscape.

Months 12 24 36 48 60 72 84 96 108

CurrentFinjanCybersecurity



Future AcquisitionNumber 1Technology: TBD






Notice Period

Early Harvest

Core HarvestIncome($)


Seasoned Management Team

Licensing and enforcement infrastructure is critical to success for a publiclytraded licensing company.

Shimon Steinmetz CFO and Treasurer

• Former technology banker - Cantor Fitzgerald, Goldmanand Citigroup

• Former senior associate at TH Lee Putnam Ventures• MBA, University of Chicago• BA, Yeshiva University

Ivan Chaperot VP, IP Licensing

• Former Intel executive responsible for large scale IPtransactions

• Former Licensing executive Intellectual Ventures• Former senior manager Alcatel Lucent• MA, Centre for International Intellectual Property Studies• DEA, University of Paris-Sud

Phil Hartstein President and CEO• Former VP and portfolio manager at IP Navigation Group• Former managing director at Rembrandt IP• Former director in a patent brokerage, practice head of

an IP consulting firm, trained in boutique IP firm• BS, Industrial Technology, Cal Poly SLO

Julie Mar-Spinola VP, Legal Operations• ND of CA Court appointed mediator, certified Special

Master for patent cases• Former GC at Alta Devices, Phoenix Technologies and

iolo technologies• Former VP, Global Affairs at Atmel Corporation (ATML),

overseeing global IP, litigation and licensing

Miyun Sung VP, Legal Counsel

• Former Counsel for Hogan Lovells• Former Senior Counsel for MicroStrategy Inc.• JD, Harvard Law School• BA, Cornell University

Friederike Edelmann Director, Investor Relations

• Former IRO SAP, Coty, Realtech• Member of the Board of NIRI New York• Bachelor of Business Administration, Florida Atlantic

University/Accadis Bad Homburg, Germany• MS in Marketing, GSBA Oekreal Zurich, Switzerland


Distinguished Board of Directors

Michael Eisenberg Director

• Partner, Aleph, an early stage Israeli venture fund

• General Partner, Benchmark Partners

• Former Partner, Israel Seed Partners

Alex Rogers Director• Managing Director, HarbourVest Partners

• Serves on multiple boards of private/publiccompanies

Eric Benhamou Director• CEO and founder, Benhamou Global Ventures

• Former CEO, Palm

• Former CEO, 3Com

Daniel Chinn Executive Chairman• Partner, Tulchinsky Stern Marciano Cohen Levitski & Co.

• Former Partner, Herzog, Fox & Neeman

• Former Partner, Israel Seed Partners

Harry Kellogg Director

• Former Vice Chairman of the board of Silicon ValleyBank and affiliates

• Serves on multiple boards of civic and industryorganizations

Michael Southworth Director

• CEO, Contact Solutions LLC

• Former SVP of Global Wireless Solutions at Corning

Glenn Daniel Director

• Former Managing Director, Houlihan Lokey


Investor Information and Recent News

• 9/4/2014 - Finjan Provides Litigation Update- Proofpoint Motion To Stay Denied

• 7/22/2014 – Finjan Provides LitigationUpdate – Blue Coat Markman Hearing Setfor August 22, 2014

• 7/1/2014 – Finjan Files New PatentInfringement Lawsuit Against Symantec

• 6/24/2014 – Finjan Set To Join RussellMicrocap Index

• 5/8/2014 – Finjan To Begin Trading On TheNASDAQ Capital Market

• 4/8/2014 – Finjan Appoints Three NewIndependent Directors & Expands Board ofDirectors

• 3/18/2014 – Finjan Issued New U.S. PatentFor Malicious Mobile Code Protection

Ticker Symbol NASDAQ:FNJN

Bloomberg FNJN:US

Recent Share Price1 $4.43

52-Week Range1 $3.03 – $15.00

Shares Outstanding2 22,368,453

Type of Stock Common Stock

Market Cap1 $96 M

Index Membership Russell Microcap

Current Cash $20.6 M

Current Debt 0

Headquarters New York

Full-Time Employees 11

Founded 1997

1: As of 9/4/2014 2: Per 10Q filed on 8/11/14


Large LicensingUniverse

Large LicensingUniverse

SuccessfulLicensing History

SuccessfulLicensing History

Active PatentEnforcementActive PatentEnforcement

Strong BalanceSheet

Strong BalanceSheet

PioneeringTechnologyPioneeringTechnology

SeasonedLeadership Team

SeasonedLeadership Team

Over $100 BN addressable market for cybersecurity, further growth through strategicacquisitions, investments, and partnerships leveraging our experience in licensing

Collected more than $145 M in licensing and enforcement income – far exceeding ourcurrent market value

Multiple business-to-business licensing negotiations and six current litigations,first Markman held on August 22, 2014

$20.6 M in cash and no debt*, sufficiently to operate beyond the next 12 monthsincluding licensing and litigation expenses

Battle-proven patent portfolio is a direct result of our R&D efforts and invested dollars

Licensing and enforcement infrastructure comprises experts in patent monetization,technology investments and capital markets

* per 10Q filed on 8/8/2014

Investment Thesis


Contact Us

For more information

Friederike Edelmann

Director, Investor Relations

Finjan Holdings, Inc.

Direct: 646.350.4999

Email: [email protected]

122 East 42nd Street

Suite 1512

New York, NY 10168

www.Finjan.com

www.linkedin.com/company/finjanwww.twitter.com/FinjanHoldings

333 Middlefield Road

Suite 110

Menlo Park, CA 94025


Appendix

© 2014 Finjan Holdings, Inc. ALL RIGHTS RESERVED Page 17

Acquired IP Companies Licensing Agents and Aggregators Technology-based IP Companies

Name Ticker Market Cap* Name Ticker Market Cap* Name Ticker Market Cap*

VHC $740 M ACTG $888 M FNJN $96 M

PCO $397 M RPXC $817 M IDCC $1.76 BN

UPIP $230M Private ? TSRA $1.56 BN

VRNG $95 M Private ? RMBS $ 1.40 BN

MARA $64 M Private ? QCOM $127 BN

SPEX $39 M Private ? PRKR $121 M

Peer Group Analysis

Segmentation of companies who license Intellectual Property – based ontheir business model.


*Market Cap as of 9/4/2014

Security Patent Landscape

Patent litigations involving operating companies in the security industry.

Deep

Nin

es

Intel (McAfee)

Sophos

FinjanLegend

Party asserting patent(s)

Party accused of infringement

Active litigation

Past litigation

Party

Party

Key Takeaways

• IP drives momentum in technologyindustries (e.g., mobile handset)

• Innovators initiate, challengers receivepatent litigations

• Cybersecurity IP is valuable


Documents

NASDAQ: FNJN - content.stockpr.comcontent.stockpr.com/.../presentation/SeeThruEquity+Conference_FIN… · NASDAQ: FNJN SeeThruEquity Fall Microcap Investor Conference Shimon Steinmetz