LD Micro Conference NASDAQ: FNJNcontent.stockpr.com/finjan/db/Events/834/... · 1: As of 6/2/2014...

STRICTLY CONFIDENTIAL. NOT FOR PUBLIC DISTRIBUTION.APPROVED FOR PUBLIC DISTRIBUTION, JUNE 2014

LD Micro ConferenceLos Angeles, CA

June 4, 2014

NASDAQ: FNJNwww.finjan.com

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APPROVED FOR PUBLIC DISTRIBUTION, JUNE 2014

The following presentation is an outline of matters for informational purposes only. This document does not constitute an offer to sell or asolicitation 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 identifiedby 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 andsimilar expressions, but this is not an exclusive way of identifying such statements. Readers are cautioned that forward-looking statementsare not guarantees of future performance. Our actual results, performance and achievements may differ materially from thoseexpressed in, or implied by, the forward-looking statements contained in this presentation as a result of various risks, uncertainties andother 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 technologyportfolio, the enforceability of our patents, the continued use of our technology in the market, the development of a liquid tradingmarket for our securities and other factors described under Item 1A, “Risk Factors,” as set forth in the Company’s Annual Report on Form10-K filed with the SEC 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 required under federalsecurities laws and the rules and regulations of the Securities and Exchange Commission, we do not undertake any obligation to updateany forward-looking statements to reflect events or circumstances arising after any such date, whether as a result of new information orfuture events or otherwise. You should not place undue reliance on the forward-looking statements included in this presentations or thatmay be made elsewhere from time to time by us, or on our behalf. All forward-looking statements attributable to us are expresslyqualified 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 http://www.sec.gov and onFinjan’s web site http://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 on the PublicReference Room and their copy charges.

Safe Harbor Statement

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Finjan At a Glance

Cybersecurity Technology with a Diverse Global Portfolioof 40+ Issued and Pending Patent Assets.

Successfully Licensed Intellectual Property to 5 Major CompaniesResulting in more than $145 MM of Income.

Broad Portfolioof Patents

•40+ issued and pendingpatents around the world

•Patents covering Finjandeveloped products

•Fundamental, not “feature,”patent

Managing IPas an Asset Class

•Taking 80% of technologyvalue and making it 100% ofour focus

•Developed corecompetency in IntellectualProperty as an asset class

•Industry-wide licensingprogram of Finjan’sinnovations

Innovator inSoftware Security

•Over $65 MM invested in R&D•Spurred by a challenge to

develop a “killer” Javaapplication

•Early recognition that inventionsneeded patent protection

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Historic investor base includes top technologyventure capitalists, former Fortune 500 CEOs &institutional investors with successful trackrecord of investing in technology & IP.

Stock Information & Ownership Summary

1: As of 6/2/20142: As of 3/31/2014

Ticker Symbol NASDAQ: FNJN

Bloomberg FNJN:US

CUSIP 31788H105

Recent Share Price1 $5.14

52-Week Range1 $4.52 – $15.00

Shares Outstanding2 22,368,453

Type of Stock Common Stock

Market Cap1 $115 million

As of May 12, 2014, Finjan Holdings, Inc.“FNJN” has moved from the OTC Marketsto the NASDAQ Capital Market.

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Diverse global portfolio of 40+ issued and pending patent assets covering endpoint, weband network security technologies built upon Finjan’s own investment in R&D

Global Intellectual Property Portfolio

PATENT PORTFOLIO

• 22 issued U.S. patents

• 4 pending U.S.applications

• 11 issued foreignpatents

• 4 pending foreignapplications

PORTFOLIO HIGHLIGHTS

• Worldwide coverage

• Earliest priority dates:1996

• Expiration dates: 2030and beyond

• Multiple families

UNITED STATES22 Granted Patents4 Patent Applications

CANADA1 Granted Patent1 Patent Applications

GERMANY1 Granted Patent

FRANCE1 Granted Patent

ITALY1 Granted Patent

NETHERLANDS1 Granted Patent

U.K.1 Granted Patent

JAPAN1 Granted Patent

ISRAEL3 Granted Patents1 Patent Application

PCT Filings1 Granted Patent

2 Patent Applications

Note: Additional non-public fillings

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Product suite of software and appliances focused on protecting endpoint devicesconnected through web or enterprise network infrastructure

Innovative Technologies Developed In-house

Network Products Guide – Finjan’s unifiedSecure Web Gateway announced thewinner in the 2009 Product InnovationsWeb Security category

Network Products Guide – Finjan’s unifiedSecure Web Gateway announced thewinner in the 2009 Product InnovationsWeb Security category

Finjan Vital Security Web Appliance Wins2007 Global Product Excellence Awardsin Three Categories:• Excellence in Web Security• Excellence in Anti-Malware• Excellence in Gateways

Finjan Vital Security Web Appliance Wins2007 Global Product Excellence Awardsin Three Categories:• Excellence in Web Security• Excellence in Anti-Malware• Excellence in Gateways

Finjan's Vital Security Web Appliance 8.4named WINNER for the NetworkDatastream Protection Category ineWEEK's Excellence Awards Program

Finjan's Vital Security Web Appliance 8.4named WINNER for the NetworkDatastream Protection Category ineWEEK's Excellence Awards Program

Finjan Vital Security Web Appliance NG-6100 receives 5 stars…with Finjan’s web security there will beno need to worry about getting caughtnapping by the latest round of web-based threats; it provides an essential lastline of defense against new web threats

Finjan Vital Security Web Appliance NG-6100 receives 5 stars…with Finjan’s web security there will beno need to worry about getting caughtnapping by the latest round of web-based threats; it provides an essential lastline of defense against new web threats

Small and Medium-SizedBusiness Solutions Enterprise Solutions Large Enterprise Solutions

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

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Commercial Adoption of Security Solutions

1995 1995 - 2000 2000 - Present

VIRUS MALWARENETWORKGATEWAYSECURITY

SOLUTION Early Adaptive Integrated Comprehensive

THREAT

Virus andsignature-basedthreats deliveredto endpoints

Malware andmalicious codeand other yetunknown threatsover the web toendpoints

Viruses andmalware over theweb and throughprivate networksattackingendpoints anddata storage

Cybersecurity includes antivirusand malware in both softwareand hardware but includesintrusion prevention frauddetection to any number ofconnected endpoint devices

COVERAGE Endpoint Endpoint, web Endpoint,web, network

Endpoint, web, network, mobiledevices

IMPLEMENT-ATION Software Software Software,

hardware Software, hardware, SaaS

GROWTH STRATEGYFINJAN PATENTS

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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

FBI: Cyber-attacksSurpassing Terrorism asMajor Domestic Threat

JPMorgan Warns CardUsers on Data Loss After

Cyberattack

December 5, 2013November 25, 2013

Target cyber breach hits40 million payment

cards at holiday peak

December 19, 2013

“Growth in the cloudsecurity services spacehas overtaken that oftraditional deliverymodels, growing at arate of 30% by the end of2013 and reaching $4.2billion by 2016.”

“2013 worldwide ITsecurity spending will beapproximately $17.9billion.”

“2013 Enterprise spendon Secure Web Gatewayis estimated to be $2.5billion with a expectedCAGR of 11.8% between2011-2016.”

“Cyber attacks listed as atop national securitythreat in the 2013Worldwide ThreatAssessment of the U.S.Intelligence Community.”

“Secure Web Gatewayrevenues grew 15% in2012 and are estimatedto grow between 13%-15% in 2013.”

“2011 Ponemon Institutestudy estimated a 44%increase in successfulcyber attacks from theprior year.”

Neiman Marcus latestvictim of cyber attacks,

January 11, 2014 March 16, 2014

NATO Says its websiteshit by cyber attacks

Cyber-Attacks to grow withnew technologies, Clapper

Says

January 11, 2014

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Horizontally Integrated Cybersecurity Markets

Stan

dal

one

Ver

tical

, Sof

twar

e Se

curit

ySingle Vertical

(Legacy)

Comprehensivesoftware protectionfor endpoint devicesincluding theemergence ofsmartphoneoperating systemsecurity

Includes consumerand enterprisemalware protectiondelivered over thecloud as well asweb/gatewayinfrastructureprotection

Traditionalnetworkingequipment nowincludes integratedmalware protection.Both purpose builtboxes and next genfirewall

Endpoint &Cloud

WebGateway

Next Gener.Firewall

Multiple Industry Verticals with BILLION dollar markets

Software Web Infrastructure Networking Equip.

$4.1 BN$11.2 BN $4.0 BN

* Market Estimates from Gartner, SEC documents, and Company Estimates for 2013

Finjan Patented Innovations at the Core

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Cybersecurity Licensing Universe

Relevant SecurityMarkets 2013 2014 2015 2016 2017

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

Web Gateway $4.1 BN $4.4 BN $4.7 BN $5.0 BN $5.3 BN

Next Gen. Firewall $4.0 BN $4.0 BN $4.0 BN $3.7 BN $3.4 BN

Total FNJN Techno-logy related Sales $19.3 BN $20.2 BN $21.2 BN $21.9 BN $22.5 BN

0.0

2.0

4.0

6.0

2013 2014 2015 2016 20170.0

5.0

2013 2014 2015 2016 20170.0

10.0

20.0

2013 2014 2015 2016 2017

Endpoint & Cloud Next Gen. FirewallWeb Gateway

Source: Gartner forecast and Company analysis.

$ in BN $ in BN$ in BN

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2007:

2012: Confidential

2012: Confidential

2010: “2010 Litigation” (5 Defendants)

2013:

2013:

2013:

2013:

2014:

2005:

2009:

2012:

Finjan generates revenues through licensing and, where necessary, protecting itsproprietary inventions through active enforcement of our patent rights

Committed to Best Practices in Licensing

LICENSING LITIGATIONSETTLEMENTS

80% 20%80%

JUDGEMENTS20%

“Patent licensing may be the only major industry without a code of conduct orstandards of ethical behavior.” ~Marshall Phelps

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JUDGMENTS

Successful Track Record Monetizing Assets

COMPANY . DATE LICENSES &SETTLEMENTS TYPE*

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

July 2005 $8 MM• Paid-up,

cash• Portfolio

• Life ofpatents

Nov 2009 25% equity of M86 • Stock• Portfolio

• Life ofpatents

March 2012 $3.1 MM1 • Stock• Portfolio

• Life ofpatents

April 2012 $11.3 MM • Confidential• Portfolio

• Life ofpatents

Nov 2012 $85 MM • Confidential• Portfolio

• Life ofpatents

LICENSES&

SETTLEMENTS

*e.g.: Running royalty, paid up, lump sum, etc.1: Estimated book value representing 224,000 shares of TrustwaveSource: company SEC fillings

CONFIDENTIAL

CONFIDENTIAL

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Finjan continues to grow through strategic acquisition, investment, and partnershipsleveraging our experience in making our technologies available through licensing

Sustainable Business Model Beyond Cybersecurity

Months 12 24 36 48 60 72 84 96 108

Leg WorkLow

Leg WorkHigh

CurrentFinjanPortfolio



FuturePortfolio1

FuturePortfolio1

FuturePortfolio1

FuturePortfolio2

FuturePortfolio2

FuturePortfolio2

Notice Period

Early Harvest

Core Harvest

VolumeIncomeHigh ($)

VolumeIncomeLow ($)

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Finjan is connected to vast network of R&D focused technology companies, venturecapital investors, and political leaders presenting unique opportunities for shareholders

Finjan Holdings Announces Equity Investment In To Cybersecurity FocusedVenture Fund

November, 2013

Key Highlights• Value added strategic Limited Partner (LP)

in both market awareness and IP• Fund participants include Fortune 500

technology companies• Capital and expertise through JVP

Incubator• Israel has been a notable opportunity for

acquisitions in security

JVP VII Cyber Strategic Partners($120 MM Venture Capital Fund) ¹• $30 MM committed by JVP• $30 MM committed by Strategic LPs• $60 MM committed by government

sponsorship

About 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 3 years

1. Alt Assets

Strategic Investment in JVP Fund

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THIRD-PARTY LICENSING AGENTSAND AGGREGATORS

Name Ticker MarketCap

RPXC $849MM

ACTG $808MM

Private ?

Private ?

Private ?

Private ?

TECHNOLOGY-BASED IP COMPANIES


FNJN$115MM

IDCC $1.5BN

TSRA $1.2BN

RMBS $1.3BN

PRKR $469MM

WILN $364MM

Finjan identifies with a distinguished grouping of public and private companieswith an income component from intellectual property

Peer Group Analysis

ACQUIRED IP COMPANIES


VHC $778MM

PCO $418MM

VRNG $269MM

UPIP $229MM

DSS $70MM

SPEX $22MM

Note: Market Cap as of 6/2/14

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Peer Group Relative Stock Performance

2013 2014

0% 0%

Year ACQUIRED IP COMPANIES THIRD-PARTY LICENSING AGENTS ANDAGGREGATORS

TECHNOLOGY-BASED IP COMPANIES

2013 -1% +22% +37%

2014(YTD)

-16% +4% +7%

-1%

+22%

+37%

- 16%

+4%+7%

VHC PCO

VRNG

UPIP DSSSPEX

RPXC

ACTG FNJNIDCC

TSRA

RMBS

PRKR

WILN

ACTG

RPXC

VHC PCO

VRNG

SPEXDSSUPIP

FNJNIDCC

TSRA

RMBS

PRKR

WILN

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Seasoned Management Team

Shimon Steinmetz Chief Financial Officer

• 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 IP

transactions• 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• 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• Former GC at Alta Devices, Phoenix Technologies and iolo

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

overseeing global IP, litigation and licensing• Former Special Counsel to Heller Ehrman, specializing in

complex IP litigation

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

Shlomo Touboul, Senior Advisor (Finjan, Inc.)• Founder of Finjan Software and inventor on a number of

Finjan patents• Founder at CUPP Computing, Yoggie Security Systems,

StrategySeeker.com• BS, Technion Israel Institute of Technology

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

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Distinguished Board of Directors

Michael Eisenberg Director

• Partner, Aleph, an early stage Israeli venture fund

• General Partner, Benchmark Partners

• Former Partner, Israel Seed Partners

• BA Political Science, Yeshiva University

Alex Rogers Director• Managing director, HarbourVest Partners

• Former business analyst, McKinsey & Company

• Serves on multiple boards of private/public companies

• MBA, Harvard Business School

• BA Economics, Duke University

Eric Benhamou Director• CEO and Founder, Benhamou Global Ventures

• Former CEO, Palm

• Former CEO, 3Com

• Doctorate, Arts et Métiers, Paris Tech

• Masters in Engineering, Stanford University

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

• Former Partner, Herzog, Fox & Neeman

• Former Partner, Israel Seed Partners

• BA Jurisprudence, Oxford University

• Member of the Israel Bar Association

Harry Kellogg Director

• Former vice chairman of the board of the Silicon ValleyBank and affiliates

• Serves on multiple boards of civic and industryorganizations

• BS Business Administration & Finance, San Jose StateUniversity

Michael Southworth Director

• CFO Contact Solutions LLC

• Former SVP of Global Wireless Solutions at Corning

• BS Biology Business Concentration, University ofCalifornia at Berkeley

• CPA in the State of California

Glenn Daniel Director

• Former Managing Director Houlihan Lokey

• BA German & Economics, University of Wisconsin,Madison

• MS Finance, University of Wisconsin, Madison

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Investment Thesis

Large LicensingUniverse

Large LicensingUniverse

SuccessfulLicensing History

SuccessfulLicensing History

Strong BalanceSheet

Strong BalanceSheet

TechnologyDeveloped In-

House

TechnologyDeveloped In-

House

SeasonedManagement Team

SeasonedManagement Team

Distinguished Boardof Directors

Distinguished Boardof Directors

RespectedInvestor Base

RespectedInvestor Base

Over $100 BN addressable market for Cybersecurity between 2013 and 2017

Successfully received more than $145 MM in licensing/enforcement income absent adedicated management team and focused business model

$23 MM in cash and no debt (per 10K filed on 3/31/2014)

Battle-proven foundational IP portfolio is a direct result of our R&D efforts andinvested dollars

Team that executes, experts in patent monetization, technology investments andcapital markets

Advisory representation from globally respected technology and investment leaders

Include top technology venture capitalists, former fortune 500 CEOs & institutionalinvestors with successful track record of investing in technology & intellectual property

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Contact Us

Phil HartsteinPresidentFinjan Holdings, Inc.

Direct: 650.282.3232Email: [email protected]

333 Middlefield RoadSuite 110Menlo Park, CA 94025

PRESENTATION BY:

Friederike EdelmannDirector Investor RelationsFinjan Holdings, Inc.

Direct: 646.350.4999Email: [email protected]

122 East 42nd StreetSuite 1512New York, NY 10168

FOR MORE INFORMATION:

www.Finjan.com

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