Big Digital Energy, Inc. · NASDAQ:BGDE
Big Digital Energy — Mawson Infrastructure Group — FY2022 Earnings Presentation
17 slides from Big Digital Energy's earnings presentation, Mar 23, 2023
Slide 1: FY2022 Investor Presentation
FY2022 Investor Presentation FY2022 Investor Presentation NASDAQ: MIGI March 2023
Slide 2: Legal Disclaimer
FY2022 Investor Presentation FY2022 Investor Presentation 2 LEGAL DISCLAIMER Information contained herein is derived from various internal and external sources which the Company considers reliable, but no representations or warranties are made by Company, or any of its affiliates, employees or repre
Slide 3: Mawson at a glance
FY2022 Investor Presentation 3 Mawson maximises revenue through 3 different strategies. Mawson's flexible operational model allows us to adapt to market conditions to maximise returns. Mawson at a glance 1. Bitcoin Mining Mawson owns and operates up to 24,000 ASIC miners across our facilities. Mawso
Slide 4: Headline Results FY2022
FY2022 Investor Presentation 4 Financial Highlights Operational Highlights Strategic Highlights Headline Results FY2022 Entered a sale agreement for Texas facility and assets post 31 December 2022 Debt reduction in Q4 Commenced Midland PA facility with 50MW online and 50MW under construction in 2022
Slide 5: FY2022 Summary and Balance Sheet
FY2022 Investor Presentation 5 Q4 - 22 ($M) Q4 - 21 ($M) Δ ($M) ASSETS Cash and cash equivalents 0.9 5.5 - 4.6 Property and equipment, net 91.0 76.9 14.1 Equipment deposits - 51.4 - $51.4 Derivative Assets 11.3 - 11.3 Marketable securities 3.2 0.3 2.9 Other Assets 21.4 11.2 10.2 Assets held for sale
Slide 6: Annualised revenue potential and assumptions
FY2022 Investor Presentation 6 1. Assumes all equipment deployed and 100% online, plus the construction of all contracted sites on time, actual results are lik ely to vary in a negative manner. Construction delays are common and it is rare for all equipment to be deployed and 100% online, however ac
Slide 7: Mawson Hosting Actual 2022 and Targets
FY2022 Investor Presentation 7 Mawson Hosting Actual 2022 Target 2023 1 Δ Target 2024 1 Δ Contracted Hosting Customers (MW) 2 100 MW 200 MW +100 MW 300 MW +200 MW Hosting Exahash (EH) Capacity 1 3.5 EH 7.0 EH +3.5 EH 10.5 EH +7.0 EH Hosting Revenue $13.3m 107.8m 3 +$94.5m 161.8m 3 +$148.5m Hosting M
Slide 8: Mawson Energy Markets Program
FY2022 Investor Presentation 8 Mawson Energy Markets Program Tonnes of CO2 emissions avoided Equivalent to avoiding: M awson’s Energy Markets Program consists of both curtailment and demand response strategies. Mawson’s agile operational model helps release energy capacity back into the grid. This p
Slide 9: Secure Energy Pipeline
FY2022 Investor Presentation 9 Midland, PA USA Secure Energy Pipeline Energy Infrastructure underpins future growth Proven history of efficient and rapid site development Expansion and development of new and existing facilities in the PJM energy market Future development pipeline Over 400MW of curre
Slide 10: Industry Leading Bitcoin Mining Facilities
FY2022 Investor Presentation 10 Current Exahash Capacity 1 Current MW capacity 2 Future potential MW capacity 2 Future potential Exahash Capacity 1 Total EH 2 Modular Data Center Capacity Lease Term Energy Mix Sharon, PA USA 4.2 EH 1 120 MW - - 4.2 EH 1 60 14+ Years 100% carbon - free Midland, PA US
Slide 11: Mawson's Infrastructure First Approach
FY2022 Investor Presentation 11 11 Mawson’s Infrastructure First Approach • High quality, stable and supportive jurisdictions • Long term quality suppliers and contractors • Focused on single region energy market allowing for scale and support. • Selection of sites with stranded/under - utilised ene
Slide 12: ESG Focus
FY2022 Investor Presentation 12 ESG Focus 100,000 Nuclear Power – Carbon free Georgia, USA ( Prior to sale ) • Platinum sponsor of School Athletics Programs • Mawson Group Academic Scholarship • Mawson and Brentwood School Career Pathways Program • Christmas Tree giveaway • Washington County Regiona
Slide 13: Highly Experienced Management & Board
FY2022 Investor Presentation 13 Highly Experienced Management & Board 25 years with AGL Energy (AGL.ASX), Australia’s largest energy generator/retailer, 5 years as CEO and Managing Director 15 years management experience across technology, accounting, logistics, property development 30 years experie
Slide 14: Share price, market capitalisation and net assets
FY2022 Investor Presentation 14 Ticker NASDAQ:MIGI Share price $2.75 S hares outstanding 14,131,110 $38.9M Market Capitalisation Mawson Shareholder 24% Based on share price as at 21 March, 2023 Net Assets $ 76.1 M Net Assets per Share $ 5.39 Trading discount 46 % Historic share price comparison when
Slide 15: Mawson Strategic Planning For Success
FY2022 Investor Presentation 15 Mawson Strategic Planning For Success Flexible Operating Model BTC Self - Mining Hosting Revenue Energy Markets Revenue Infrastructure First Approach Owner/Operator of Bitcoin Self - Mining, Hosting Co - location Facilities, Electrical Infrastructure and Modular Data
Slide 16: Reconciliation of Non-GAAP Metrics
FY2022 Investor Presentation 16 Reconciliation of Non - GAAP Metrics Q4 Balance Sheet Net loss (GAAP) ($54.04) Net other expenses 1 $11.90 Depreciation & amortisation 2 $63.20 Share Based Payments 3 $3.01 Impairment of financial assets 4 $3.38 Fair value loss on investments 5 $1.69 Share of net loss
Slide 17: Head Office and Investor Relations
FY2022 Investor Presentation 201 Clark Street, Sharon, PA 16146, USA info@mawsoninc.com Brett Mass Hayden IR mawson@haydenir.com Investor Relations Head Office
Mawson Infrastructure Group — FY2022 Earnings Presentation on 6ix