Slide 1: 1Q 16 Financial Results Conference Call
1Q 16 Financial Results Conference Call
Slide 2: Forward Looking Statement
Forward Looking Statement 2 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 regarding our fut
Slide 3: Presenters
Presenters David Lucatz Chairman of the Board and CEO Shai Lustgarten CEO of Micronet Ltd. Tali Dinar CFO of Enertec Electronic Ltd.
Slide 4: 1st Quarter Overview
1 st Quarter Overview ■ Revenue and margin improvements ■ YoY revenue increase of 14% to $6.5M ■ Gross margin improved to 32% compared to 31% in 1Q15 ■ Reduction in operating expenses from $2.6M to $2.4M in 1Q15 ■ Strong MRM backlog growth ■ % increase in 1Q backlog compared to 1Q last year to $3.0
Slide 5: ELD Mandate Opportunity
ELD Mandate Opportunity 5 Our tablets are fully compliant with the regulation New regulation implemented in December 2015 mandates all truck drivers to keep electronic records of hours of service (HOS) * ● Cannot drive over 11 hours per day ● Required rest periods Electronic Logging Devices (ELDs) c
Slide 6: TREQ®
TREQ® 317 6 ■ Positive feedback from market ■ ELD Mandate has had a significant impact on level of interest in our solutions ■ Direct correlation with our expanding pipeline of prospects
Slide 7: Further Broadening Our Product Line
Further Broadening Our Product Line 7 ■ Concluding development of an additional solutions in order to broaden our product lines and penetrate additional market segments ■ Leverages existing development efforts ■ Expands market opportunity particularly with smaller size fleets
Slide 8: Improved Backlog at Enertec: Awarded three stage $5.8 Million project
Improved Backlog at Enertec: Awarded three stage $5.8 Million project A&D Deal Pipeline Strengthening as Enertec Builds Reputation as Dependable and Innovative Defense Systems Provider ■ A&D subsidiary Enertec awarded three stage $5.8 million project for the production of computer-based Command and
Slide 9: Positive Outlook Trends
Positive Outlook Trends MRM ■ Local fleet market and the ELD expected to be the growth engines of the company ■ The All In One line of new developed tablets becoming the Company’s leading product with wider market acceptance ■ ELD mandate is driving increased pipeline for All In One products ■ Broad
Slide 10: 1Q15 vs. 1Q16 Revenues Sales Breakdown
1Q15 vs. 1Q16 Revenues Sales Breakdown Consolidated revenue for the quarter
Slide 11: Income Statement Highlights
Income Statement Highlights (in 000s except share and per share data) Three Months Ended March 31, 2016 2015 Revenues $ 6,482 $ 5,679 Cost of revenues 4,403 3,928 Gross profit 2,079 1,751 Gross profit margin 32% 31% Operating expenses: Research and development 700 743 % of sales 11% 13% Selling and
Slide 12: Non-GAAP Reconciliation
Non-GAAP (in 000s except share and per share data) Three Months Ended March 31, 2016 2015 GAAP net income (loss) attributed to MICT (339) (705) Total amortization of acquired intangible assets 143 189 Stock-based compensation 82 69 Income tax-effect of above non-GAAP adjustments (2) (9) Total non-GA
Slide 13: E MICRONET
E MICRONET ENERTEC March 31, December 31, 2016 2015 Cash, cash equivalents and marketable $11.4M $12.1M securities Trade account receivable, net $13.3M $12.3M Bank & others debts $15.9M $14.4M Net Working Capital $13.1M $13.3M Stockholders’ Equity $17.3M $17.5M
Slide 14: (E MICRONET
(E MICRONET ENERTEC
Slide 15: Micronet Enertec Technologies, Inc
MICRONET ENERTEC TECHNOLOGIES, INC