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8-K - L-1 IDENTITY SOLUTIONS 8-K 6-8-2010 - L-1 IDENTITY SOLUTIONS, INC. | mm06-0810_8k.htm |
EXHIBIT 99.1

Morgan
Joseph 2010 Best Ideas
Conference
June
9, 2010

Strategic
Objectives
• L-1
is the premier identity management Company delivering customized
and interoperable
solutions and services that meet any ID program requirement
solutions and services that meet any ID program requirement
– L-1 remains at the
forefront of the latest advances in multi-modal biometric recognition
capabilities as a
means to uniquely identify individuals
means to uniquely identify individuals
– L-1 advanced
technologies are used to produce the most secure identification documents
possible that
serve as proof of identity
serve as proof of identity
– Today government
consulting services address the most important areas of security and
intelligence
and L-1 will expand capabilities into new areas such as language analysis
and L-1 will expand capabilities into new areas such as language analysis
• Practice
strong operational, program and financial discipline
– Exceptional program
performance in support of customer’s vision
– Achieve organic
growth in the 10-15% range
annually
– Profitable, with
solid margins and strong cash flow
• Strategic
alternatives update
– As L-1 has
disclosed, L-1 and its financial advisors are continuing their discussions with
a number of
interested parties as part of the previously announced strategic alternative process
interested parties as part of the previously announced strategic alternative process
– L-1 is satisfied
with the progress of the process to date
2

3
L-1
Market Position Today
• Providing
industry- leading
solutions and services to solve ID
management challenges for
customers in 40 countries
– Multi-biometric
recognition (finger, face, iris,
full hand, vein)
full hand, vein)
– Biometric solutions
utilized for managing
world’s largest and most complex identity
databases
world’s largest and most complex identity
databases
– Government services
design, develop and
implement and run sophisticated global
networks and IT systems
implement and run sophisticated global
networks and IT systems
– More than 2B
identity documents produced
to date with L-1 solutions
to date with L-1 solutions
– Largest civilian
enrollment network in the
U.S. and Canada
U.S. and Canada

Evolution
of Identity Management
Identity
Related
Issues Emerge
Issues Emerge
Markets
Converge to
Meet the
Challenge
Converge to
Meet the
Challenge
L-1
Emerges
as the First
Pure-Play
Provider
as the First
Pure-Play
Provider
4
Security
Defense
Intelligence
Technology

Market
Fundamentals
5
• Attractive
identity market fundamentals
– $5B
global market, significant
domestic / international growth
opportunities
opportunities
– Industry analysts
expect market growth
of 15 - 20% annually
through 2017
through 2017
– Global market
expected to be >$9B by 2014 with
significant
growth in law enforcement, military, National ID, State and Local
and transportation markets
growth in law enforcement, military, National ID, State and Local
and transportation markets
• Government
consulting services address the
highly fragmented $45B U.S. Intelligence
services market
highly fragmented $45B U.S. Intelligence
services market

Customers
and Markets
Markets
Served
• U.S. and
foreign
military services
military services
• Law enforcement
and
public safety
public safety
• Border
management
• Civilian
programs
• Critical
infrastructure
Diverse
Customer Base
%
of FY09 Rev by Customer
S&L
33%
33%
Intel
30%
30%
DoD
10%
10%
Int’l
7%
7%
DHS
6%
6%
Other
7%
7%
DoS
7%
7%
6

Market-Leading
Technology
• 400
leading patents and applications in six areas
related to identity
related to identity
– Fundamental
biometric algorithms in face, finger, iris, skin,
3D modalities
3D modalities
– System architecture
for scalability of matching and fusion
– Imaging technology
for biometric capture
– Mobile biometric
technology
– Securing and
producing credentials
– Methodology and
process patents for a wide range of ID solutions and
applications
applications
7

U.S.
and Foreign Military Services
8
• Solutions and
services trusted by American and foreign
military services, defense and intelligence agencies to
determine ally from enemy and establish identity
dominance in areas of conflict
military services, defense and intelligence agencies to
determine ally from enemy and establish identity
dominance in areas of conflict
• Solution
components
– Protecting
military personnel and
civilian populations
civilian populations
– Denying
anonymity to adversaries
– Assuring
information superiority
• Programs of
note
– U.S.
Department of Defense (DoD)
Next Generation ABIS
Next Generation ABIS
– U.S. Armed Forces
rely on HIIDE and
PIER; more than 13,000 units are in
the theater of operation today
PIER; more than 13,000 units are in
the theater of operation today
– European
Ministries of Defense
incorporate the L-1 ABIS for multi-biometric enrollment, watchlist
management and forensics / latent analysis capabilities
incorporate the L-1 ABIS for multi-biometric enrollment, watchlist
management and forensics / latent analysis capabilities

9
Law
Enforcement and Public Safety
• L-1
technology and services are trusted solutions for law enforcement
efforts and address public safety concerns of government agencies
efforts and address public safety concerns of government agencies
• Solution
components
– Identity
data
management for inter- and intra-agency information sharing for
criminal
processing, crime solving and crime prevention
processing, crime solving and crime prevention
– Criminal
processing from an officer’s
initial encounter of a potential suspect on the street through
incarceration and eventual parole
incarceration and eventual parole
– Crime
solving
forensic analysis and investigative tools
– Crime
prevention through identifying
known criminals in real-time before they can do harm
– Enrollment
services remove the burden of
civilian fingerprinting from police stations
– Advanced Concepts
improves public
safety information technology systems and networks
9

Border
Management
• Solutions and
services that facilitate faster and more
secure border crossings
secure border crossings
• Solution
components
– Enrolling,
issuing and authenticating travel documents
– Facilitating
faster and safer frequent travel
– Traveler
screening
– Securing
restricted areas
• Programs of
note
– DHS contracts:
transportation / Homeland Security
– Exclusive provider -
U.S.
Border Crossing Card,
Passport Card; sole source production - U.S. Passport
Passport Card; sole source production - U.S. Passport
– Face recognition
platform supports
U.S. Visa applicant
processing and U.S. Passport services
processing and U.S. Passport services
– Solutions used at
more than 50
UAE border locations
– Many international
customs
and immigration border
checkpoints
– Automated
Border Control for ePassport
Holders
10

Civilian
Programs
• Solutions
and services help safeguard a wide range of civil programs
from identity-related fraud
from identity-related fraud
• Solution
components
– Performing
background checks for government licenses and permits
– Enrolling and
verifying participants in government
entitlement programs
entitlement programs
– Issuing secure
identity documents
• Programs
of note
– HAZPrint,
TWIC
– Andhra Pradesh
Ration Cards, India
– UN World Food
Program
– Produce more than 80
percent of U.S.
State driver’s licenses
State driver’s licenses
– National IDs and
Voter Registration Cards
– Passports /
ePassports
11

Critical
Infrastructure
• Solution
components
– Performing
pre-employment background checks
§ Financial
services firms, healthcare organizations,
educational institutions, casinos and gaming
educational institutions, casinos and gaming
– Using
biometrics to control access to buildings
– Protecting
information systems from cyber attack
• Programs
of note
– Major
banks /
enrollment services for FINRA submissions
– Texas
Board of Educator certification / enrollment
services
– World’s
largest casino in Macao / finger and 3D
face
access control
access control
– A
large international retailer / face
recognition
– Global
transportation companies / government
consulting
services
services
12

• Solutions
combine industry-leading ABIS® software
with advanced biometric readers, capture and
authentication devices, access control units
with advanced biometric readers, capture and
authentication devices, access control units
– Mobile
identification devices (HIIDEÔ, PIER Ô, IBIS)
– Access control
systems
– Iris recognition
systems
– Finger / full hand
solutions (single, dual and
tenprint fingers; palm, full hand)
tenprint fingers; palm, full hand)
– Face
solutions
– Multi-biometric
stations
• Playing
an integral role in the world’s largest identity-
related programs
related programs
– Search and match
capabilities for the DoD
ABIS system
– DoS
Visa issuance program - 85 million record
database
– More than
13,000
mobile devices fielded in areas of
conflict
– De-duplication of
>80 million records in the world’s
largest
biometric and demographic de-duplication exercise - India
biometric and demographic de-duplication exercise - India
13
Biometric
Solutions

14
14
ABIS®
System Solutions Platform
14

15
Secure
Credentialing Solutions
• Secure
end-to-end processes and advanced technologies used by
thousands of government customers worldwide to produce the most
secure identity documents possible
thousands of government customers worldwide to produce the most
secure identity documents possible
– Driver’s Licenses,
Enhanced Driver’s Licenses (EDLs)
– Passports, U.S.
Passport Cards, Border Crossing Cards
– Voter Registration,
National, Universal/Unique and WHTI Compliant Tribal ID Cards
• Solutions
– Secure front and
back office processes
– Remote
services
– Self-service
kiosks
– Biometric
recognition software
– Automated knowledge
and road skills testing
– Secure production
systems
– Documents
authentication
• Produced
over two billion secure credentials to-date
– 85 million driver’s
licenses annually
• Over
80% of U.S. states use L-1 for secure driver’s license

16
Enrollment
Services
• Enrollment
services capture and submit biometric data and other information
required for processing civilian applications for government-issued ID cards,
Visas and Passports, permits and other entitlement benefits
required for processing civilian applications for government-issued ID cards,
Visas and Passports, permits and other entitlement benefits
– Approx. 6M people
processed to date; 2M annually
– Largest network in
the U.S. and Canada
with more than 1,000 locations
with more than 1,000 locations
• Complete
outsourced solution
– Secure self-service
Web portal
– Customized data
collection and enrollment
– Convenient locations
near applicant populations
– Direct electronic
channeling and response
– Integration with
employee records
• Wide
range of customers
– More than
5,000
educational institutions and charitable / volunteer organizations
– Nurses, doctors,
home
health care and nursing facility
workers
– Commercial drivers /
TSA HAZPrint endorsement; Maritime workers /
TWIC card
– Regulated
industries such as national
banks, brokerage firms and financial institutions
– Government
humanitarian, health and welfare program enrollment

17
Government
Services
Advanced
Concepts
Information Technology
Information Technology
§
Cyber
security
§
Information assurance
§
Systems engineering
§
Telecommunications R&D
§
Public safety consulting
SpecTal
Intelligence Services
Intelligence Services
§
Intelligence
analysis
§
Operations support
§
Training
§
Information technology
§
Physical security
§
Language analysts
§ Systems
engineering and integration
§
GEOINT and MASINT science
§
Intelligence analysis
§
Operations capabilities
• More
than 1,000 specialists,
most holding top security
clearances, expected to grow
by 15 percent in 2010
most holding top security
clearances, expected to grow
by 15 percent in 2010
• Intelligence
playing larger
and more important role in
fighting the War on Terror
and more important role in
fighting the War on Terror
McClendon
Engineering & Analytical

Financial
Review

19
** Reflects
the midpoint
of the guidance range
***
Organic growth represents the increase in revenues in the latest period,
expressed as a percentage; it excludes revenues from businesses acquired both in
the
latest period and the prior period
latest period and the prior period
****
Actual results may differ from estimated results, which are subject to the risks
and uncertainties disclosed in the Company's filings with the Securities
and
Exchange Commission
Exchange Commission
Strong
Revenue and Organic Growth
Five
Year Revenue CAGR - 63%
$
in Millions
Organic
Growth***
Growth***
Revenue
**
****
6%
15%

Solid
Adjusted EBITDA and Strong Cash Generation
($
in millions)
*Actual
results may differ from estimated results, which are subject to the risks and
uncertainties
disclosed in the Company's filings with the Securities and Exchange Commission
disclosed in the Company's filings with the Securities and Exchange Commission
20

DMV
Franchise
L-1’s
commitment to investing in its DMV franchise yields strong organic growth,
visibility, cash flows
and access to valuable adjacent markets
and access to valuable adjacent markets
DMV
Revenues
Base
Card Issuance
DMV
Cash Flows*
* Cash
Gross Margins Less Capex
Web
Portal Kiosk
Real ID
Per Card
5
Year
Cum
Cum
48%
50%
54%
56%
57%
58%
$200M
$150M
$100M
$50M
$600M
21

22
Diverse
Backlog
Enrollment
Services
Secure
Credentialing
Biometric
Solutions
Government
Consulting Services
17%
47%
4%
32%
Approximately
$1.3 Billion of Total Backlog

23
Safe
Harbor Statement
This
presentation contains forward-looking statements that involve risks and
uncertainties. Forward-looking
statements in this document and those made from time to time by L-1 Identity Solutions, Inc. through its
senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect the Company's current views based on
management's beliefs and assumptions and information currently available. Forward-looking statements
concerning future plans or results are necessarily only estimates, and actual results could differ materially
from expectations. Certain factors that could cause or contribute to such differences include, among other
things, the availability of government funding for L-1's products and solutions and the unpredictable nature
of working with government customers, L-1’s federal, state, local and international contract awards and the
size and timing of such awards, L-1’s performance on existing and future contracts, general economic and
political conditions and other factors affecting spending by customers, generally. Additional risks and
uncertainties are described in the Securities and Exchange Commission filings of L-1 Identity Solutions,
including its Form 10-K for the year ended December 31, 2009. L-1 Identity Solutions expressly disclaims any
intention or obligation to update any forward-looking statements.
statements in this document and those made from time to time by L-1 Identity Solutions, Inc. through its
senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect the Company's current views based on
management's beliefs and assumptions and information currently available. Forward-looking statements
concerning future plans or results are necessarily only estimates, and actual results could differ materially
from expectations. Certain factors that could cause or contribute to such differences include, among other
things, the availability of government funding for L-1's products and solutions and the unpredictable nature
of working with government customers, L-1’s federal, state, local and international contract awards and the
size and timing of such awards, L-1’s performance on existing and future contracts, general economic and
political conditions and other factors affecting spending by customers, generally. Additional risks and
uncertainties are described in the Securities and Exchange Commission filings of L-1 Identity Solutions,
including its Form 10-K for the year ended December 31, 2009. L-1 Identity Solutions expressly disclaims any
intention or obligation to update any forward-looking statements.

24
Defined
Financial Terms
Adjusted
EBITDA
L-1
Identity Solutions uses Adjusted EBITDA as a non-GAAP financial performance
measurement. Adjusted
EBITDA is calculated by adding back to net income (loss) interest, income taxes, impairments of long-lived
assets and goodwill, depreciation, amortization, stock-based compensation expense, including retirement plan
contributions settled, or to be settled, in common stock. Adjusted EBITDA is provided to investors to
supplement the results of operations reported in accordance with GAAP. Management believes Adjusted
EBITDA is useful to help investors analyze the operating trends of the business and to assess the relative
underlying performance of businesses with different capital and tax structures. Management believes that
Adjusted EBITDA provides an additional tool for investors to use in comparing L-1 Identity Solutions financial
results with other companies that also use Adjusted EBITDA in their communications to investors. By
excluding non-cash charges such as impairments of long-lived assets and goodwill, amortization, depreciation
and stock-based compensation, as well as non-operating charges for interest and income taxes, investors can
evaluate the Company's operations and can compare its results on a more consistent basis to the results of
other companies. Management also uses Adjusted EBITDA to evaluate potential acquisitions, establish internal
budgets and goals, and evaluate performance of its business units and management.
EBITDA is calculated by adding back to net income (loss) interest, income taxes, impairments of long-lived
assets and goodwill, depreciation, amortization, stock-based compensation expense, including retirement plan
contributions settled, or to be settled, in common stock. Adjusted EBITDA is provided to investors to
supplement the results of operations reported in accordance with GAAP. Management believes Adjusted
EBITDA is useful to help investors analyze the operating trends of the business and to assess the relative
underlying performance of businesses with different capital and tax structures. Management believes that
Adjusted EBITDA provides an additional tool for investors to use in comparing L-1 Identity Solutions financial
results with other companies that also use Adjusted EBITDA in their communications to investors. By
excluding non-cash charges such as impairments of long-lived assets and goodwill, amortization, depreciation
and stock-based compensation, as well as non-operating charges for interest and income taxes, investors can
evaluate the Company's operations and can compare its results on a more consistent basis to the results of
other companies. Management also uses Adjusted EBITDA to evaluate potential acquisitions, establish internal
budgets and goals, and evaluate performance of its business units and management.
L-1
Identity Solutions considers Adjusted EBITDA to be an important indicator of the
Company's operational
strength and performance of its business and a useful measure of the Company's historical and prospective
operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes
interest income and expense, impairments of long lived assets and goodwill, stock based compensation
expense, including retirement plan contributions settled, or to be settled, in common stock and income taxes,
all of which impact the Company's profitability, as well as depreciation and amortization related to the use of
long term assets which benefit multiple periods. L-1 Identity Solutions believes that these limitations are
compensated by providing Adjusted EBITDA only with GAAP net income (loss) and clearly identifying the
difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or
as a substitute for net income (loss) presented in accordance with GAAP. Adjusted EBITDA as defined by the
Company may not be comparable with similarly named measures provided by other entities.
strength and performance of its business and a useful measure of the Company's historical and prospective
operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes
interest income and expense, impairments of long lived assets and goodwill, stock based compensation
expense, including retirement plan contributions settled, or to be settled, in common stock and income taxes,
all of which impact the Company's profitability, as well as depreciation and amortization related to the use of
long term assets which benefit multiple periods. L-1 Identity Solutions believes that these limitations are
compensated by providing Adjusted EBITDA only with GAAP net income (loss) and clearly identifying the
difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or
as a substitute for net income (loss) presented in accordance with GAAP. Adjusted EBITDA as defined by the
Company may not be comparable with similarly named measures provided by other entities.

25
Defined
Financial Terms
Backlog
L-1's
backlog represents sales value of firm orders for products and services not yet
delivered
and for long term executed contractual arrangements (contracts, subcontracts, and customer
commitments), the estimated future sales value of estimated product shipments, transactions
processed and services to be provided over the term of the contractual arrangements,
including renewal options expected to be exercised. L-1 may not realize the full amount of
revenues reflected in backlog because L-1 is subject to the risks that clients may modify or
terminate projects and contracts and may decide not to exercise contract options or the
estimate of quantities may not.
and for long term executed contractual arrangements (contracts, subcontracts, and customer
commitments), the estimated future sales value of estimated product shipments, transactions
processed and services to be provided over the term of the contractual arrangements,
including renewal options expected to be exercised. L-1 may not realize the full amount of
revenues reflected in backlog because L-1 is subject to the risks that clients may modify or
terminate projects and contracts and may decide not to exercise contract options or the
estimate of quantities may not.
Unlevered
Free Cash Flow
Unlevered
free cash flow represents cash flow from operating activities, plus cash
interest
expenses and cash income taxes, less capital expenditures. L-1 believes unlevered free cash
flow is a useful measure for assessing the company's liquidity, its ability to meet debt service
requirements and making acquisitions. Unlevered free cash flow is not necessarily comparable
to similar measures used by other entities and is not a substitute for GAAP measures of
liquidity such as cash flows from operating.
expenses and cash income taxes, less capital expenditures. L-1 believes unlevered free cash
flow is a useful measure for assessing the company's liquidity, its ability to meet debt service
requirements and making acquisitions. Unlevered free cash flow is not necessarily comparable
to similar measures used by other entities and is not a substitute for GAAP measures of
liquidity such as cash flows from operating.

26
Defined
Financial Terms
CAGR
Compound
Annual Growth Rate (CAGR) is the year-over-year
growth rate of an investment over a specified period of time. It is
calculated by taking the nth root of the total percentage growth
rate, where n is the number of years in the period being
considered.
growth rate of an investment over a specified period of time. It is
calculated by taking the nth root of the total percentage growth
rate, where n is the number of years in the period being
considered.
Organic
Growth
Organic
growth represents the increase in revenues in the current
period, expressed as a percentage. It excludes businesses
acquired in 2008 for both 2008 and 2009.
period, expressed as a percentage. It excludes businesses
acquired in 2008 for both 2008 and 2009.