Tingo Group, Inc. · OTC:TIOG
Tingo — Taglich Brothers 19th Annual Investment Conference (May 2023)
20 slides from Tingo's conference presentation, May 1, 2023
Slide 1: A Diverse Fintech & Agri-Fintech Group Making a Difference
A Diverse Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security Taglich Brothers 19 th Annual Investment Conference Presentation May 1, 2023 NASDAQ: TIO
Slide 2: Forward Looking Statements
Forward Looking Statements 2 Cautionary Note Regarding Forward - Looking Statements Certain statements made herein contain, and certain oral statements made by representatives of Tingo Group and its affiliates, from time to time may contain, “forward - looking statements” within the meaning of the “
Slide 3: Corporate Overview
3 Corporate Overview MICT acquired 100% of Tingo Mobile Limited 2 and Tingo Foods PLC 3 , before subsequently changing name to Tingo Group, Inc. Timeline 2020 2021 Q4 2022 & Q1 2023 (1) Pro Forma Financial Information is estimated based on unaudited management accounts ; (2) See Dec 1, 2022 press re
Slide 4: Our Mission Statements: Group Mission
Our Mission Statements Our Group Mission Foster digital and financial inclusion through technology platforms to drive social and economic upliftment 4 4
Slide 5: Our Mission Statements: Agri-Fintech Mission
Our Mission Statements Our Agri - Fintech Mission To make a difference improving global food supply and tackling the world’s food security crisis; by delivering farmer empowerment, improved crop yields, reduced spoilage and better access to markets. 4 5
Slide 6: Our Mission Statements: Mission For Africa
Our Mission Statements Our Mission For Africa To support Africa and its farmers to achieve sustainable food self - sufficiency, bringing an end to Africa’s food insecurity and poverty 4 6
Slide 7: Agri Fintech: Full Solution from Seed to Sale
Agri Fintech: Full Solution from Seed to Sale We deliver Financial and Technological Inclusion to Farmers NWASSA Lease of Tingo Smart - Phones to Farmers Smart - Phone Pre - Loaded With Tingo Software and Nwassa Marketplace • Buy Inputs via Tingo Nwassa Market • Seeds • Equipment & Tools • Fertilize
Slide 8: We Empower the Farmer & Increase Food Supply
We empower the Farmer & Increase Food Supply 8 8 Our solutions make a difference: • Improving farmers’ access to vital inputs • Increasing crop yields • Reducing post harvest losses • Facilitating offtake and improving access to markets (domestic and export) • Providing ability to process crops into
Slide 9: Agri Fintech Growth Strategy
Agri Fintech Growth Strategy We have a Proven Model - Tingo Mobile and NWASSA Marketplace • Q4 2022 - Signed All Farmers Association of Nigeria trade partnership – with commitment to triple customer numbers from 9.3M to ~30.0M • Q4 2022 – Expanded into Ghana with Kingdom of Ashanti trade partnership
Slide 10: Tingo Foods – Food Processing Business
Tingo Foods – Food Processing Business Partnership with Evtec Energy PLC to build $ 150 M 110 MW Solar Plant, set to achieve net zero carbon emissions and reduced energy costs . 10 ▪ A key part of the Tingo Group eco - system from Seed to Sale ▪ Creates significant demand for Tingo Mobile’s Farmers
Slide 11: Tingo DMCC - Agri Commodity Platform
Tingo DMCC - Agri Commodity Platform 11 • A global commodity platform and export business • Facilitates the global export of agricultural commodities: • Crops from Tingo Mobile’s farmers - wheat, millet, cassava, ginger, cashew nuts, cocoa and cotton • Finished food and beverage products from Tingo
Slide 12: Prime Commodity Exchange & AFAN Agreement
Prime Commodity Exchange & AFAN Produce Supply, Warehousing and Commodity Exchange Agreement • Exclusive use of AFAN’s existing network of 2 , 322 warehouses for a minimum term of 30 years • Right of first refusal to purchase or trade all produce stored in AFAN’s warehouses - to use primarily to ser
Slide 13: Agri Fintech Ecosystem
Increase Food Supply and Reduce Wastage Social Upliftment Agri Fintech Ecosystem Mobile Handsets with Embedded Software & Platforms Financial & Digital Inclusion Marketplace for inputs and produce Valued - Added Services and Payment Services Processing of produce into finished food products Wholesal
Slide 14: TingoPay SuperApp and Visa Partnership
TingoPay SuperApp and Visa Partnership Diversifies and expands Tingo Group into new markets – B2C and B2B Visa payment services and digital Visa card embedded within the TingoPay SuperApp Pan - Africa Visa partnership includes marketing and customer acquisition support TingoPay SuperApp offers full
Slide 15: Environmental, Social & Governance
Environmental, Social & Governance • Fostering digital and financial inclusion • Driving social and economic upliftment • Improving global food supply and tackling the world’s food security crisis • Empowering the farmer – increasing crop yields ; reducing post harvest losses ; improving access to m
Slide 16: Financial Highlights – Pro Forma Information (Revenue Analysis)
Financial Highlights – Pro Forma Information 16 Pro Forma Combined Yr. over Yr. $ in Millions FY 2021 FY 2022 Growth $301.0 $24.1 Non - Recurring Mobile handset sales 316.9 476.3 50.3% Mobile handset leasing 49.3 61.5 12.2% Mobile call and data 198.6 532.2 168.0% Nwassa – Platform Revenues 55.7 57.5
Slide 17: Financial Highlights – Pro Forma Information (Income Statement)
Financial Highlights – Pro Forma Information 17 Pro Forma Combined FY 2021 FY 2022 $ in Millions $921.5 $1,151.6 Revenue 343.7 674.6 Gross Profit (47.0) 554.6 Operating Income / (Loss) 275.6 954.5 EBITDA 1 (128.9) 338.3 Net Income / (Loss) $223.3 $500.3 Cash at December 31, 2022 Income Statement 1 E
Slide 18: To Summarize
To Summarize: 18 18 • NASDAQ - listed, fast - growth and significantly profitable • Strong balance sheet and cash generation • Fast growth, high margin and sticky revenue model, with low customer acquisition cost and low attrition • Full Agri and Food Ecosystem from Seed to Sale • Making a differenc
Slide 19: Management Team
19 Kevin Chen John Scott Dozy Mmobuosi Darren Mercer Group CFO Group Chairman & Member of Board Tingo Mobile and Tingo Foods Founder & CEO Group CEO • Former CFO & Board Director at China Rapid Finance (NYSE:XRF) • Audit Manager at Ernst & Young • MBA, Kellogg School of Management at Northwestern •
Slide 20: Contact and Investor Relations
www.tingogroup.com Company 201 - 225 - 0190 info@tingogroup.com Investor Relations Chris Tyson/Larry Holub 949 - 491 - 8235 TIO@mzgroup.us A Global Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security NASDAQ: TIO
Tingo Group — Taglich Brothers 19th Annual Investment Conference (May 2023) on 6ix