Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — Investor Presentation (September 2014)
29 slides from Tingo's investor presentation, Sep 5, 2014
Slide 1: Investor Presentation September 2014
Investor Presentation September 2014
Slide 2: Forward Looking Statement
Forward Looking Statement 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 future g
Slide 3: Corporate Overview
Corporate Overview
Slide 4: Company Overview
Company Overview Revenue by Segment (2013) Revenue by Geography (2013) Nasdaq Ticker MICT Shares Outstanding ~ 5.83M Float ~ 3.2M (66%) 2013 Revenue $35.6M 2Q14 Cash and marketable securities $16.3M 2Q14 Long Term Debt $5.5M
Slide 5: Investment Highlights
Investment Highlights Two Multi-Billion Dollar Markets History of Growth Focused On High Growth MRM Verticals Low Revenue Multiple Strong Balance Sheet Preeminent R&D Revenue grew from $10 M in 2011 to $35.6 M in 2013 Mobile Resource Management (MRM) Aerospace & Defense Local Fleet Long Haul Heavy E
Slide 6: Experienced Management Team
Experienced Management Team David Lucatz - Chairman of the Board and CEO 25 years’ experience with a successful track record in operations, finance, business development and management, including: Co-owner of ITL Optronics Ltd., an advanced electronics supplier to the defense and security industries
Slide 7: Mobile Resource Management (MRM) Division
Mobile Resource Management (MRM) Division
Slide 8: MRM Market Solution
MRM Market Solution Rugged Tablets Vibration and shock endurance Built to withstand wide temperature ranges Fixed or Portable Endure rough working conditions Bringing together best of breed technology & solutions for driver / platform interfacing
Slide 9: MRM Market Growth
* MRM Market Growth MRM market expected to grow from $5.5B in 2013 to over $9B by 2016; Number of subscribers expected to grow from 17 M subscribers to 32 M by 2016
Slide 10: U.S. MRM Market Vertical Growth
U.S. MRM Market Vertical Growth 10 Steady Double Digit Growth Trend In Three Target Verticals Licht & Associates study (November 20, 2013)
Slide 11: Local Fleet Vertical Is Becoming a Larger Portion of Company Orders in 2014
Local Fleet Vertical Is Becoming a Larger Portion of Company Orders in 2014 as of July 31, 2014 *Licht & Associates study (November 20, 2013) **Company estimate
Slide 12: Specialists In The Industrial Market
Specialists In The Industrial Market Ruggedized Industrial Enabling in-cab platforms Fix-mount / Portable Integrated Wireless & GPS GSD SW- MDM, OTA updates CAN/OBDII Diagnostics Video cams Enhanced business model Offered direct to TSPs BYOD through channels: Mobile operators, VARs Collaboration wit
Slide 13: Key MRM Customers
Key MRM Customers Trimble Inc. (NASDAQ: TRMB) : An $7 billion market cap corporation, the second largest provider of FM and MRM solutions with 370,000 installed units Teletrac Inc.: A provider of advanced and interactive fleet automation software based in California. Teletrac provides solutions to m
Slide 14: Transformative Acquisition
Transformative Acquisition Complementary product line with strong presence in local fleet vertical U.S.-based MRM Division of Beijer Electronics Inc. Enables MICT to establish strong U.S. sales and operational base Headquartered in Salt Lake City, UT Immediately accretive ; 2013 revenues of $11M Sig
Slide 15: Change in Verticals
Change in Verticals Local Fleet Business Is Becoming The Largest Portion of 2014 Received Orders Orders received till July 31, 2014 Sales 2013
Slide 16: Diversified Customer Base
Diversified Customer Base Significant Diversification of Customer Base Should Drive Potential Growth Customer Diversity - 2014 Customer Diversity - 2013
Slide 17: Significant Recent Orders
Significant Recent Orders Local Fleet (July 2014) $800,000 Order for TREQ-VMX Mobile Rugged Tablets for Heavy Construction Market (June 2014) $2.7 Million Order for Mobile Rugged Tablets for Transit MRM Solutions (May 2014) $1.4 Million in Rugged Tablet Orders for the Yellow School Bus Local Fleet M
Slide 18: Aerospace & Defense Division
Aerospace & Defense Division
Slide 19: A&D Market Solution
A&D Market Solution Sophisticated and rugged computer-based equipment focusing on missile defense systems Mission critical applications Security clearance for most sensitive Israeli defense programs Comprehensive solution for customer: Stable, Cash Generating Business; $10.7 M In Backlog At 12/31/13
Slide 20: Supplier of Critical Aerospace Defense Systems
Supplier of Critical Aerospace Defense Systems Technology Application
Slide 21: Strong Customer Base
Strong Customer Base Israel Aerospace Industries (IAI) Largest aerospace and defense company and industrial exporter in Israel Over $3 billion in annual revenue Rafael Advanced Defense Systems Ltd Key involvement in Israeli defense projects $1.8 billion annual revenue Elbit Systems Ltd. (NASDAQ and
Slide 22: Aerospace & Defense
Aerospace & Defense (July 2014) $1.2 Million Purchase Order for Missile Defense Support System (June 2014) $3 Million in Follow-On Orders for Missile Defense System Support Project
Slide 23: Select Financial Information
Select Financial Information Please refer to the company’s financial filing filed with the SEC for full financial information
Slide 24: Revenue Trends
Revenue Trends Quarterly growth of 18% Strong annual growth
Slide 25: Significant Revenue Growth Expected in Second Half of 2014
(C MICRONET EC Significant Revenue Growth Expected in Second Half of 2014 $18,000 mQi m@Q2 wO3&Q4 gee $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 First Half Second Half
Slide 26: E MICRONET
E MICRONET ENERTEC Cash, cash equivalents and marketable securities $16.3M Long Term Debt (Bank & Others) $5.5M Net Working Capital $19.6M MICT Stockholders’ Equity $15.8M
Slide 27: Revenue Multiple Landscape
Revenue Multiple Landscape Peers Price to Sales CalAmp 2.5x MiX Telematics 2.6x Xplore 1.4x Zebra 3.8x Garmin 4.2x Fleetmatics 5.9x Average 3.4x Peers Price to Sales Astronics 2.3x Elbit 0.9x Tel Instrument 1.08x Raytheon 1.26x Lockheed Martin 1.19x Average 1.3x Micronet Enertec At 0.8x Sales Trades
Slide 28: Success Strategy
Success Strategy Product Innovation Drive Sales and Marketing Focus on High Growth Markets Select Acquisitions Proven Products, Proven Management, Proven Company, High Growth Markets Recent acquisition fortifies U.S. sales presence Further broadens and diversifies customer base Comprehensive product
Slide 29: Micronet Enertec Technologies, Inc.
MICRONET ENERTEC TECHNOLOGIES, INC
Micronet Enertec Technologies — Investor Presentation (September 2014) on 6ix