Tingo Group, Inc. · OTC:TIOG

Tingo — MICT — Q2 2018 Earnings Presentation

15 slides from Tingo's earnings presentation, Aug 15, 2018

  1. Slide 1: Second Quarter 2018 Financial Results Conference Call

    • • Second Quarter 2018 Financial Results • Conference Call

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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 )

  11. 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 )

  12. 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

  13. 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

  14. Slide 14: MICT Inc. Always in Front

    • emicTinc. • Always in Front

  15. Slide 15: Slide 15

MICT — Q2 2018 Earnings Presentation on 6ix