Slide 1: Q3-21 Earnings Presentation
MICT, Inc. A NEW DIRECTION FINTECH MICT (Nasdaq Capital Markets) www.mict - inc.com 1 Q3 - 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: Q3-21 Accomplishments
Q3 - 21 Accomplishments 3 » Total revenues increased >50% Q/Q, $18.5 million in Q3 versus $12.3 million in Q2 » Revenue growth driven entirely from B2B insurance brokerage » Gross Profit increased by ~ 312% Q/Q, $2.7 million in Q3 versus $0.7m in Q2 » Gross Margin increased by ~ 174% Q/Q, 14.8% in Q
Slide 4: Quarter At A Glance
Second Quarter At A Glance Q3 - 21 vs. Q2 - 21 4 Q3 - 21 Q2 - 21 ▪ $18.5M in revenue, primarily from B2B insurance business; equating to >50% Q/Q growth and with benefit of higher margins ▪ $12.3M Revenue, all from B2B insurance business ▪ Local licenses acquired in ~130 cities / provinces providing
Slide 5: Fintech: Insurance Business
Fintech: Insurance Business 5 Achieved more than 0.5m customer registrations already through B2B, with the aim to cross - sell more products and migrate to higher margin channels » Generated $18.5 million of revenues from insurance division in Q3, up >50% Q over Q » 50% Q/Q growth in insurance reven
Slide 6: Fintech: Stock Trading Business
Fintech: Stock Trading Business 6 Magpie stock trading app launched mid - September » Initial focus has been on test and learn marketing strategy, to obtain data, gain customer feedback, refine the marketing strategy and improve the app’s technical functionality » Constant technological upgrades mad
Slide 7: Fintech: Stock Trading Business
Fintech: Stock Trading Business 7 Magpie stock trading app launched mid - September
Slide 8: Fintech: Oil and Gas Commodities
Fintech: Oil and Gas Commodities 8 Commodities trading platform launch is pending greenlight from key partners and introduction of new legislation » Platform was ready for scheduled launch by early September. » Already commenced customer acquisition from clients of Shanghai Petroleum and Natural Gas
Slide 9: MICT Q3 2021 Results
MICT Q3 2021 Results 9 » Total revenue in the third quarter of 2021 was $18.51M versus $12.34M in Q2, up >50% » Gross profit of $2.7M in Q3 2021 versus $0.7M in Q2 2021, up >312% » Significant Q/Q increase in gross margin, 14.8% in Q3 2021 versus 5.4% in Q2, due to reduced reliance on commission reb
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights 10 In $000's 09/30/2021 12/31/2020 Cash, cash equivalents and restricted cash 105,289 $ 29,049 $ Total current assets 138,314 $ 33,680 $ Total assets 182,150 $ 77,733 $ Total current liabilities 2 5,334 $ 6,987 $ Total long - term liabilities 4,509 $ 5,050 $ Total equity 152
Slide 11: Income Statement Results
Income Statement Results 11 MICT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (USD In 000’s, Except Share and Earnings Per Share Data) - Unaudited
Slide 12: Non-GAAP Financial Measures
Q3 - 21 Non - GAAP Financial Measures 12 In addition to providing financial measurements based on generally accepted accounting principles in the U.S., or GAAP, we provide additional financial metrics that are not prepared in accordance with GAAP, or non - GAAP financial measures. Management uses no
Slide 13: Non-GAAP Financial Measures
Q3 - 21 Non - GAAP Financial Measures 13
Slide 14: MICT, Inc. A New Direction
MICT, Inc. A New Direction MICT (Nasdaq Capital Markets) www.mict - inc.com 14