Tingo Group, Inc. · OTC:TIOG
Tingo — MICT — Q1 2021 Earnings Presentation
13 slides from Tingo's earnings presentation, May 24, 2021
Slide 1: Q1-21 Earnings Presentation
MICT, Inc. A NEW DIRECTION FINTECH MICT (Nasdaq Capital Markets) www.mict - inc.com 1 Q1 - 21 Earnings Presentation
Slide 2: Safe Harbor Statements
MIC, Inc. A NEW DIRECTION FINTECH MICT (Nasdaq Capital Markets) Safe Harbor Statements Safe harbor statement under the Private Securities Litigation Reform Act of 1995: This presentation may contain forward - looking statements that involve risks, uncertainties, and assumptions. If any such uncert a
Slide 3: Q1-21 Accomplishments
Q1 - 21 Accomplishments 3 » Acquired a nationwide insurance license in China, through the takeover of insurance brokerage firm, Beijing Fucheng , enabling the Company to broaden its range of insurance products and services and target higher margins through B2C activities. » Completed the acquisition
Slide 4: First Quarter At A Glance – 2021 vs. 2020
First Quarter At A Glance – 2021 vs. 2020 4 Q1 - 20 Q1 - 21 ▪ $0 Revenue ▪ $8.9M Revenue, primarily from B2B insurance business ▪ Negative Gross Margin ▪ Secured nationwide insurance license enabling broadening of product range and future launch of B2C and B2B2C business throughout China ▪ Loan outs
Slide 5: Fintech: Insurance Business
Fintech: Insurance Business 5 China insurance penetration is only 4.4% with total insurance premiums of $530 billion in 2017, growing at CAGR of 41% » Generated $8.2 million of revenues from insurance division in first three months of operation » Nationwide license in China give us the ability to se
Slide 6: Fintech: Stock Trading Business
Fintech: Stock Trading Business 6 China’s online retail securities market expected to reach $30.3 trillion in 2022 » The Company is well positioned for growth and well funded to achieve its goals. » Received regulatory approval from the Hong Kong SFC, enabling the acquisition of Huapei Global Securi
Slide 7: Fintech: Oil and Gas Commodities
Fintech: Oil and Gas Commodities 7 China’s crude oil and natural gas commodities imports represented $259b and $44b respectively in 2019 » Partnership agreed with Shanghai Petroleum and Natural Gas Trading Center (SPNG), who’s clients account for approximately 20% of China’s oil and gas trade » SPNG
Slide 8: Micronet: Developments
Micronet : Developments 8 » Secured pilot - test order for SmartCam in October 2020 and entered negotiations for substantial commercial contract with one of the worlds largest telematics service providers » In December 2020, pilot - test customer placed $0.3m follow - on order » In February 2021, se
Slide 9: MICT Q1 2021 Results
MICT Q1 2021 Results 9 » Total revenue in the first quarter of 2021 was $8.9M versus $0 in the year - ago period » Gross profit was $1.9M in the first quarter of 2021 versus $0 in the year - ago period » Research and development expenses were $0.2M in the first quarter of 2021 versus $0 in the year
Slide 10: Income Statement Results
@MICT... Income Statement Results MICT, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD In Thousands, Except Share and Earnings Per Share Data) Revenues ‘Cost of revenues Gross profit Operating expenses: Research and development Selling and marketing General and administrative
Slide 11: Q1 - Non-GAAP Financial Measures
Q1 - 21 Non - GAAP Financial Measures 11
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights 12 In $000's 3/31/2021 12/31/2020 Cash, cash equivalents and restricted cash 123,403 $ 29,049 $ Total current assets 138,161 $ 33,680 $ Total assets 184,305 $ 77,733 $ Total current liabilities 11,818 $ 6,987 $ Total long term liabilities 5,006 $ 5,050 $ Total equity 167,481
Slide 13: MICT, Inc. Always in Front
MICT, Inc. Always in Front MICT (Nasdaq Capital Markets) www.mict - inc.com 13