Tingo Group, Inc. · OTC:TIOG
Tingo — Investor Presentation (September 2023)
24 slides from Tingo's investor presentation, Sep 26, 2023
Slide 1: A Diverse Fintech & Agri-Fintech Group Making a Difference
A Diverse Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security Investor Presentation September 2023 NASDAQ: TIO
Slide 2: Forward Looking Statements
2 Forward Looking Statements Cautionary Note Regarding Forward - Looking Statements Certain statements made herein contain, and certain oral statements made by representatives of Tingo Group, Inc . (“Tingo Group”) and its affiliates, from time to time may contain, “forward - looking statements” with
Slide 3: Corporate Overview
3 Corporate Overview MICT acquired 100% Tingo Foods PLC 4 , before subsequently changing name from MICT, Inc. (MICT) to Tingo Group, Inc. (TIO) Timeline (1) Pro Forma Financial Information is estimated based on unaudited management accounts (3) See Dec 1, 2022, press release and tra nsaction structu
Slide 4: Our Mission
4 Our Mission Make a difference improving global food supply and tackling the world’s food security crisis; by delivering farmer empowerment, improved crop yields, reduced spoilage and better access to markets. Agri - Fintech Mission Group Mission Foster digital and financial inclusion through techn
Slide 5: Acquisition & Recent Developments
5 Acquisition & Recent Developments 5 • November 30 , 2022 – Completed the acquisition of 100 % of Tingo Mobile, following : (i) the completion of extensive due diligence by world class advisors : including Big 4 accounting firm, No . 1 U . S . law firm in Africa, and others ; and (ii) the negotiati
Slide 6: Agri Fintech: Full Solution from Seed to Sale
6 Agri Fintech: Full Solution from Seed to Sale Delivering Financial and Technological Inclusion to Farmers NWASSA Lease of Tingo Smart - Phones to Farmers Smart - Phone Pre - Loaded With Tingo Software and Nwassa Marketplace • Buy Inputs via Tingo Nwassa Market • Seeds • Equipment & Tools • Fertili
Slide 7: Agri Fintech: Empower the Farmer & Increase Food Supply
7 Agri Fintech: Empower the Farmer & Increase Food Supply Africa’s farming industry is highly dislocated and lacking in infrastructure to get produce to market and process foods. Tingo Mobile’s FinTech and Agri - Fintech solutions make a difference: • Improving farmers’ access to vital inputs • Incr
Slide 8: Agri Fintech: Clear Growth Strategy
8 Agri Fintech: Clear Growth Strategy Proven Model - Tingo Mobile and NWASSA Marketplace ~30.0M 6.0M >12.0M Expected number of Tingo Mobile customers by Dec 2023 Mobile Phones Ordered for distribution to new customers in H2 2023 Tingo Mobile active customers at June 30, 2023 NWASSA • October 2022 –
Slide 9: Tingo Foods – Food Processing Business
9 Tingo Foods – Food Processing Business Aims to be the largest food and beverage processing facility in Africa • Generated more than $ 983 . 7 million of revenue in the first 5 months since acquisition in February 2023 • Delivered operating profit of $ 203 . 8 million in the first 5 month since acq
Slide 10: Tingo DMCC - Agri Commodity Platform
10 Tingo DMCC - Agri Commodity Platform In Partnership with the Dubai Multi Commodities Centre (DMCC) A global commodity platform and export business – completing the seed to sale eco - system • Commenced first exports transactions on May 30 , 2023 , delivering $ 348 million of revenues in second qu
Slide 11: Prime Commodity Exchange & AFAN
11 Prime Commodity Exchange & AFAN Produce Supply, Warehousing and Commodity Exchange Agreement • E xclusive use of AFAN’s existing network of 2 , 322 warehouses for a minimum term of 30 years • Right of first refusal to purchase or trade all produce stored in AFAN’s warehouses - to use primarily to
Slide 12: TingoPay SuperApp and Visa Partnership
12 TingoPay SuperApp and Visa Partnership • Testing and further development of beta version of was concluded in September 2023 , with addition of new functions . Full version launched on iOS and Android on September 13 , 2023 . • Tingo Mobile and TingoPay in Pan - Africa partnership with VISA are de
Slide 13: Financial & Digital Inclusion Ecosystem
13 Financial & Digital Inclusion Increase Food Supply and Reduce Wastage Social Upliftment Ecosystem Mobile Handsets with Embedded Software & Platforms Marketplace for inputs and produce Valued - Added Services and Payment Services Processing of produce into finished food products Wholesale and Expo
Slide 14: Uniquely Positioned
14 Uniquely Positioned • Nasdaq - listed fast - growth and highly profitable company (H 1 2023 revenues of $ 1 , 828 . 4 M and EBITDA 1 of $ 655 . 3 M) • Strong balance sheet and cash generation from operations • Announced commencement of quarterly dividends • Fast growth, high margin and sticky rev
Slide 15: Environmental, Social & Governance
15 Environmental, Social & Governance • Fostering digital and financial inclusion through technology platforms – driving the social and economic upliftment of customers • Meaningfully improving global food supply and tackling the world’s food security crisis by e mpowering the farmer - increasing cr
Slide 16: Financial Results Highlights
16 Financial Results Highlights • Net revenues for the second quarter of 2023 were $ 977 . 2 million, compared to $ 12 . 0 million for the second quarter of 2022 . The increase of 8 , 072 % , was mainly attributed to the acquisitions of Tingo Mobile and Tingo Foods, which closed on December 1 , 2022
Slide 17: Financial Highlights Income Statement
17 Financial Highlights Income Statement 1 See EBITDA reconciliation . EBITDA i s considered a non - GAAP measure of financial performance . Pro Forma Combined Full Year Actual 6 Months to June 30, 2021 2022 2023 $ in Millions 921.5 $1,151.6 $1,828.4 Revenue 343.7 674.6 732.9 Gross Profit (47.0) 554
Slide 18: Financial Highlights – EBITDA Reconciliation
18 Financial Highlights – EBITDA Reconciliation Six Months Ended June 30 2023 $ in Millions $442.4 GAAP Operating Income / (Loss) (0.4) Other income 213.3 Depreciation and amortization 655.3 Total Non - GAAP EBITDA
Slide 19: Cash Utilization
19 Cash Utilization Quarter ended June 30, 2023 $ in Millions $434.2 Upfront payment of $434.2 million on the purchase of 6 million handsets for new AFAN customers 336.1 Prepayment to AFAN for produce for Tingo Foods and settlement of their brought forward payables 225.8 Self - funding stock purchas
Slide 20: Balance Sheet Highlights
20 Balance Sheet Highlights As of Dec 31, 2022 June 30, 2023 $ in Millions $500.3 $53.2 Cash and cash equivalents 1 531.2 582.2 Total current assets 1,682.4 1,685.2 Total assets 265.4 290.5 Total current liabilities 90.9 318.1 Total long - term liabilities 553.0 553.0 Convertible Preferred Stock 773
Slide 21: Executive Team
21 Kenneth Denos Dozy Mmobuosi Group Interim Co - CEO, General Counsel to Tingo Group Holdings, LLC Group Interim Co - CEO, Founder of Tingo Mobile & Tingo Foods • CEO, Outsize Capital • Director & Officer, Equus Total Return, Virtual Medical Intl • Founder Acadia Law Group • Previously, CEO of MCC
Slide 22: Board of Directors
22 Board of Directors John Brown John Scott Group Independent Director & Tingo Mobile Independent Co - Chairman Group Chairman & Independent Member of the Board • Former Group MD, UBS Wealth Management; Divisional COO, Merrill Lynch • MP at Sands Point Consulting • Senior Advisor, Independence Point
Slide 23: Capital Markets
23 Capital Markets 1. As of September 22, 2023 2. At June 30, 2023 3. At September 15, 2023 4. At August 31, 2023 NASDAQ: TIO $1.215 Share Price 1 $249.1M Market Cap 1 $1.83B HY1 2023 Revenue 2 $732.9M HY1 2023 Gross Profit 2 $290.4M Current Debt 2 $406.2M Cash & Cash Equivalents 3 205M Shares Outst
Slide 24: Contact
www.tingogroup.com Company 201 - 225 - 0190 info@tingogroup.com Investor Relations Chris Tyson/Larry Holub 949 - 491 - 8235 TIO@mzgroup.us A Global Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security NASDAQ: TIO