Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — Q3 2015 Earnings Presentation
15 slides from Tingo's earnings presentation, Nov 18, 2015
Slide 1: 3Q15 Financial Results Conference Call
3Q 15 Financial Results Conference Call
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. This forward looking statement regarding our future growth, increased volumes and demand in the marke
Slide 3: Presenters
Presenters Eyal Leibovitz Chief Financial Officer David Lucatz Chairman of the Board and CEO Shai Lustgarten CEO of Micronet Ltd. Tali Dinar CFO of Micronet Ltd.
Slide 4: 3rd Quarter Overview
3 rd Quarter Overview ■ Quarterly revenue consistent with introduction of new full connectivity product line ■ Revenues decreased slightly sequentially compared to Q2 ■ E xpect >60% sequential revenue growth and positive EBITDA in 4Q15 ■ U.S.-based sales team generating substantial interest in A317
Slide 5: Recent Developments: Several Key Announcements Following Close of 3Q15
Recent Developments Several Key Announcements Following Close of 3Q15 MRM ■ Partnership with MiX Telematics to provide TREQ 317 rugged Android tablet for use with the MiX Rovi in-cab display, developed as solution for compliance with Electronic Logging Device (ELD) Mandate ■ One of only five compani
Slide 6: Positive Outlook Macro Trends 4Q2015 and Beyond
Positive Outlook Macro Trends 4Q2015 and Beyond MRM ■ Local fleet market expected to grow 37% between 2014 and 2016 1 ■ Expect orders for wireless All-In-One products to build Aerospace/Defense ■ Continued reliance on missile defense systems supports potential demand for our missile defense offering
Slide 7: 3Q14 vs 3Q15 Revenues Sales Breakdown
3Q14 vs 3Q15 Revenues Sales Breakdown Consolidated revenue for the quarter
Slide 8: Next Generation A-317 Tablet
Next Generation A-317 Tablet First Totally Connected Product; Transforms Product Offering ■ A-317 “All-In-One” tablet is a significant technology advancement ■ Rugged, integrated tablet solution ■ Offers 3.5G/4G LTE, Bluetooth and Wi-Fi applications ■ Potential benefit from upcoming ELD mandate (eff
Slide 9: A-317 Tablet Roll Out
A-317 Tablet Roll Out Product R&D Carrier Certification; Testing & Approval Adaptation & Orders ● Completed ● Ongoing refinement with customers ● Continue to invest significantly in product improvement and customization Carrier Certification ● Verizon complete ● AT&T in progress ● In discussions wit
Slide 10: Income Statement Highlights
Income Statement Highlights (in 000s except share and per share data) Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ 5,556 $ 11,415 $ 16,982 $ 23,568 Cost of revenues 4,434 8,546 12,275 16,790 Gross profit 1,122 2,869 4,707 6,778 Gross profit margin 2
Slide 11: Non-GAAP
Non-GAAP (in 000s except share and per share data) Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 GAAP net loss attributed to MICT (1,263) (506) (2,557) (2,111) Total amortization of acquired intangible assets 177 212 558 348 Change in fair value of call options
Slide 12: Balance Sheet Highlights
MICRONET ie September 30, December 31, 2015 2014 Cash, cash equivalents and marketable securities Bank & others debts Net Working Capital Stockholders’ Equity $10.7M $13.6M $13.1M $17.4M $15.0M $14.3M $16.4M $20.2M
Slide 13: ELD Mandate Opportunity
ELD Mandate Opportunity Our tablets are fully compliant with the regulation requirements New regulation starting in 2017 mandates all truck drivers to keep records of hours of service (HOS). ● Cannot drive over 11 hours per day. ● Required rest periods. Electronic Logging Devices (ELDs)* connect to
Slide 14: Thank You
Thank You Q & A
Slide 15: Micronet Enertec Technologies, Inc
MICRONET ENERTEC TECHNOLOGIES, INC
Micronet Enertec Technologies — Q3 2015 Earnings Presentation on 6ix