Phoenix Group Plc · ADX:PHX
Phoenix — Q3 2024 Earnings Presentation
19 slides from Phoenix's earnings presentation, October 2024
Slide 1: Q3 2024 Financial Results
Q3 2024 FINANCIAL RESULTS https://www.phoenixgroupuae.com
Slide 2: Slide 2
Slide 3: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy, or
Slide 4: Presenters
PHOENIX GROUP PLC PRESENTERS Q3, 2024 Mr. Sheharyar Malhi Board Secretary & Group CFO Mr. Munaf Ali Board Member, Co-founder & Group Managing Director ` Mr. Bill Qian Group CIO https://www.phoenixgroupuae.com
Slide 5: Content
CONTENT Business Performance 5 Strategic Achievement 6 Differentiated Business Model 7 Financial Review 8 Financial Review 9 Operational Metrices 10 Key Highlights 11 Peer Comparison 12 Share Price Movement 13 Crypto Adoption 14 Evolution of Strategy 15 Strategic Direction 16 Q&A 17 Connect with Us
Slide 6: Business Performance
PHOENIX GROUP PLC BUSINESS PERFORMANCE 05 Q3, 2024 • Challenging quarter for the industry with overall Bitcoin performance driven by halving and lag in expected Bitcoin price appreciation within Q3, while other digital currencies e.g. SOL and tokens remain strong • Revenue for Q3’24 totaled $36M; de
Slide 7: Strategic Achievements
PHOENIX GROUP PLC STRATEGIC ACHIEVEMENTS 06 Q3, 2024 • We continue to retain and grow our leadership position in the region with several initiatives in the pipeline, some of which are noted below • Announced partnership with Tether to develop UAE dirham pegged stablecoin • New site in Canada with a
Slide 8: Differentiated Business Model
PHOENIX GROUP PLC DIFFERENTIATED BUSINESS MODEL 07 Q3, 2024 Highly agile Able to redeploy assets immediately Focus on optimization Assets deployed in most profitable business, given any operating environment Operator at scale Global player with low energy cost and efficient assets Access to propriet
Slide 9: Financial Review
PHOENIX GROUP PLC FINANCIAL REVIEW 08 Q3, 2024 TOTAL ASSETS TOTAL DIGITAL ASSETS TOTAL EQUITY (USD MN) (USD MN) (USD MN) 180% 26% 17% 977.6 6% 875.1 23% 6% 822.5 393.8 697.1 919.6 321.3 834.0 140.0 DEC:23 JUN:24 SEP:24 ` DEC:23 JUN:24 SEP:24 ` DEC:23 JUN:24 SEP:24 NET PROFIT REVENUE (USD MN) (USD MN
Slide 10: Financial Review: Revenue and Margin Breakdown
PHOENIX GROUP PLC FINANCIAL REVIEW 09 Q3, 2024 REVENUE AND MARGIN BREAKDOWN GROSS REVENUE (Y-o-Y) SELF MINING REVENUE (Y-o-Y) REVENUE (USD MN) (USD MN) • While revenue declined, improved revenue mix with self-mining -48% -32% revenue was largest contributor in Q3. DECREASE Y-o-Y DECREASE Y-o-Y +285%
Slide 11: Operational Metrics
PHOENIX GROUP PLC OPERATIONAL MATRICES 10 Q3, 2024 OVERALL BUSINESS HASHING SHARE IN THE NETWORK CURRENT POWER CONSUMPTION 1.9% ~375 MW BTC MINING PER DAY1 6.6 MINING EFFICIENCY POWER COST PER KWHr2 32.0 MW/EHs 5.70 cent MINING HOSTING INVESTMENTS HASH RATE HASH RATE HASH RATE 6.9 EHs 1.1 EHs 4.1 EH
Slide 12: Key Highlights
PHOENIX GROUP PLC KEY HIGHLIGHTS 11 Q3, 2024 SELF MINING SELF MINING MARGINS EFFICIENCY REVENUE & INCOME USD 26.6 MN 5% (7% DECLINE Q/Q ) HASH RATE HOSTING HOSTING 12.1 EHs USD 6.6 MN 9% (62% DECLINE Q/Q ) TRADING TRADING USD 2.7 MN 47% (46% DECLINE Q/Q ) GLOBAL HASH RATE CONTRIBUTION 1.9% INVESTMEN
Slide 13: Peer Comparison
PHOENIX GROUP PLC PEER COMPARISON 12 RANKED AMONG TOP 5 BASED ON LATEST AVAILABLE DATA Q3, 2024 REALIZED HASHRATE OF TOP 5 MARKET SHARE OF TOP 5 IMPLIED COST OF MINING 1 BTC BITCOIN MINING COMPANIES BITCOIN MINING COMPANIES (USD / BTC – Figures as of Q2,2024 – Post-halving from proprietary hash rate
Slide 14: Share Price Movement
PHOENIX GROUP PLC SHARE PRICE MOVEMENT 13 (AS OF OCT 28, 2024) Sources: PHOENIX GROUP PLC Internal Data Matrices https://www.phoenixgroupuae.com
Slide 15: Crypto Adoption
PHOENIX GROUP PLC CRYPTO-ADOPTION 14 UAE POSITIONED ITSELF AS MARKET LEADER IN ADOPTION OF DIGITAL ASSETS AND BLOCKCHAIN TECHNOLOGY Q3, 2024 HENLEY’S CRYPTO ADOPTION INDEX As of 2024 • UAE ranked 3rd in overall Henley crypto adoption index 2024 report and is poised to lead MENA in crypto adoption in
Slide 16: Evolution of Strategy
PHOENIX GROUP PLC EVOLUTION OF STRATEGY 15 Q3, 2024 Phoenix 1.0 Phoenix 2.0 Data Centers Continued pivot to a diversified digital tech platform Digital Asset Mining Business Investments Web 3 & Technology Investments
Slide 17: Strategic Direction
PHOENIX GROUP PLC STRATEGIC DIRECTION 16 Q3, 2024 WEB3 & TECHNOLOGY DATA CENTERS DIGITAL ASSET INVESTMENTS INVESTMENTS Closely monitor market adjusting balance Deploy capital into proprietary digital Continue to identify attractive investment of self-mining and hosting services to asset investments
Slide 18: Q&A
Q&A Building the future economy
Slide 19: Connect with Us
CONNECT WITH US 18 https://www.phoenixgroupuae.com