Slide 1: Second Quarter 2018 Financial Results Conference Call
• • Second Quarter 2018 Financial Results • Conference Call
Slide 2: Forward Looking Statements
• • Statement s • Forward Looking • This presentation contains express or implied forward - looking statements within the Private Securities Litigation Reform Act of 1995 and other U . S . federal securities laws . These forward - looking statements include, but are not limited to, those statements
Slide 3: 2nd Quarter Overview
• • 2nd Quarter Overview Completed the sale of our fully owned subsidiary Enertec Systems to Coolisys • Technologies for total effective transaction price of $8.7 million Added $4.7 million in cash and removed $4.0 million in Enertec debt from balance sheet Letter of Intent with BNN Technology
Slide 4: MICT, Inc. Q2 2018 Results
• • MICT, Inc. Q2 2018 Results • ▪ MICT experienced growth in revenues and gross margins as compared to Q2 2017 by • shipping against the company’s backlog to current and new customers • ▪ Q2 2018 revenues increased 25% to $4.7 million over Q2 2017 revenues of $3.76 • millio n • ▪ Gross profit incre
Slide 5: Micronet Ltd. Market Status & Business Development
• • Micronet Ltd. Market Status & Business Development 65% growth in revenue in 1H 2018 compared to 1H 2017 Continued improvement in gross margin to a level of 32% as compared • to 21% in Q2 2017 and 29% in Q1/18 $2.0 million backlog with orders from current and new customers with • customers
Slide 6: Micronet Ltd. Market Status & Business Development
• • Micronet Ltd. Market Status & Business Development Business development Guardian System Design (GSD) monetization – first agreement signed with leading customer generating ~ $ 100 k /year . Additional agreements in the pipeline Signed Memorandum of Understanding with leading Advanced Drive
Slide 7: Q2 2017 vs. Q2 2018 Revenues
• • Q2 2017 vs. Q2 2018 Revenues • Revenues for Q2 2017 vs. Q2 2018 and Q1 2018 • $7 • $6 • $5.98 • (in millions) • $4.70 • $5 • $4 • $3.76 • $3 • $2 • $1 • $0 • Q2 2017 Q1 2018 Q2 2018 • 7
Slide 8: Revenues for six months ended June 30, 2018
• • Revenues • 6 - Month • Revenue for six months ended June 30, 2018 • $12 • $10.68 • $10 • (in millions) • $8 • $6.46 • $6 • $4 • $2 • $0 • 2017 2018 • 8
Slide 9: Income Statement Highlights
• • Income Statement Highlights • (in 000s except share and per share data) • Six months ended • Three months ended • June 30, • June 30, • 2018 2017 2018 2017 • Revenues $ 10,681 $ 6,464 $ 4,701 $ 3,763 • Cost of revenues 7,427 5,317 3,169 2,990 • Gross profit 3,254 1,147 1,532 773 • Operating expe
Slide 10: Non-GAAP
• • Non - GAAP • (in 000s except share and per share data) • Three months ended June 30, (Dollars in Thousands, other than share and per share amounts) • 2018 2017 • GAAP net loss from continued operation $ (1,347 ) $ (1,454 ) • GAAP net loss attributable to non - controlling interests (60 ) (657 )
Slide 11: Non-GAAP
• • Non - GAAP • (in 000s except share and per share data) • Six months ended June 30, (Dollars in Thousands, other than share and per share amounts) • 2018 2017 • GAAP net loss from continued operation $ (2,432 ) $ (3,161 ) • GAAP net loss attributable to non - controlling interests (184 ) (1,347 )
Slide 12: Balance Sheet
• • Balance Sheet June 30, December 31, 2018 2017 Cash, cash equivalents and restricted cash $4.5 M $2.4 M Trade account receivable, net $3.9 M $5.2 M Bank & others debts $5.2M $5.2M Net working capital $7.2M $3 M Stockholders’ equity $8.3 M $6.0 M • 12
Slide 13: Balance Sheet
@MICT... Balance Sheet June 30, Decem| 2018 2017 Cash, cash equivalents and restricted cash S$4.5M $2.4M Trade account receivable, net $3.9M $5.2M Bank & others debts $5.2M $5.2M Net working capital $7.2M $3M Stockholders’ equity $8.3M S6.0M Always in Front
Slide 14: MICT Inc. Always in Front
• emicTinc. • Always in Front
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