Phoenix Group Plc · ADX:PHX
Phoenix — Q1 2024 Earnings Presentation
15 slides from Phoenix's earnings presentation, 2024
Slide 1: Q1 2024 Financial Results
Q1 2024 FINANCIAL RESULTS https://www.phoenixgroupuae.com
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy, or
Slide 3: Phoenix Group Plc Presenters
PHOENIX GROUP PLC PRESENTERS Q1, 2024 Mr. Munaf Ali Mr. Sheharyar Malhi Board Member, Co-founder & Group Managing Director ` Board Secretary & Group CFO Sources: 1.PHOENIX GROUP PLC Q1 2024 Financials (Reviewed) as reported to ADX ; https://www.phoenixgroupuae.com
Slide 4: Content
CONTENT Business Performance 5 Strategic Direction 6 Financial Review 7 Key Highlights 8 Operational Metrices 9 Peer Comparison 10 Bitcoin Halving 11 Financials 12 Looking Forward 13 Q&A 14 Connect with Us 15
Slide 5: Business Performance
PHOENIX GROUP PLC BUSINESS PERFORMANCE 05 Q1, 2024 • Overall profit for the quarter surged by 166% Y-o-Y, primarily driven by gains in other investments. This growth was partially offset by the provision for income tax and a one-time finance cost of $8.3 million, incurred from financing a 7.5% share
Slide 6: Strategic Direction
PHOENIX GROUP PLC STRATEGIC DIRECTION 06 Q1, 2024 • We remain committed to our primary business while expanding our mining operations by acquiring new sites. We're currently finalizing contracts for new ventures, which are projected to add 400-500MW of additional mining facilities. • Investing in we
Slide 7: Financial Review
PHOENIX GROUP PLC FINANCIAL REVIEW 07 Q1, 2024 THE PHOENIX REVENUE1 TOTAL COMPREHENSIVE INCOME1 GROUP CONTINUES USD 68.9 MN USD 102.3 MN (AED 253.2 MN) (AED 375.7 MN) ITS IMPRESSIVE RISE WITH OUTSTANDING NET PROFIT AFTER TAX1 TOTAL ASSETS1 EPS1 PERFORMANCE IN USD 66.2 MN USD 879.3 MN USD 0.011 (AED
Slide 8: Key Highlights
PHOENIX GROUP PLC KEY HIGHLIGHTS 08 Q1, 2024 SELF MINING SELF MINING MARGINS EFFICIENCY REVENUE & INCOME USD 21.6 MN 49% (84% GROWTH Q/Q ) TOTAL POWER CAPACITY 765 MW HOSTING HOSTING USD 19.5 MN 6% (22% DECLINE Q/Q ) HASH RATE 15.9 EHs TRADING TRADING USD 27.7 MN 41% (28% GROWTH Q/Q ) GLOBAL HASH RA
Slide 9: Operational Metrics
PHOENIX GROUP PLC OPERATIONAL MATRICES 09 Q1, 2024 OVERALL BUSINESS HASHING SHARE IN THE NETWORK CURRENT POWER CONSUMPTION 2.6% 487 MW BTC MINING PER DAY1 15.2 MINING EFFICIENCY POWER COST PER KWHr2 31.9 MW/EHs 5.70 cent MINING HOSTING INVESTMENTS HASH RATE HASH RATE HASH RATE 3.3 EHs 4.4 EHs 8.2 EH
Slide 10: Peer Comparison
PHOENIX GROUP PLC PEER COMPARISON 10 RANKED AMONG TOP 5 BASED ON LATEST AVAILABLE DATA ` REALIZED HASHRATE OF TOP 5 BITCOIN COST OF MINING 1 BTC MARKET SHARE OF TOP 5 BITCOIN MINING MINING COMPANIES (USD / BTC) COMPANIES (EH/s) (Based on the % share of a company BTC production over BTC total block r
Slide 11: Bitcoin Halving
11 PHOENIX GROUP PLC BITCOIN HALVING EXPECTED IMPACT IN Q2, 2024 The Bitcoin blockchain underwent its fourth halving cycle around April 20th, resulting in a 50% reduction in block rewards from 6.25 BTC GENERATION PER EHs PER DAY BTC to 3.125 BTC. Halving events are significant in the Bitcoin (Data f
Slide 12: Financials
PHOENIX GROUP PLC FINANCIALS 12 Q1, 2024 REVENUE BREAKDOWN Q1'24 Q1'23 Y/Y - Q4'23 Q/Q • The revenue for Q1'24 clocked in at $69M up 18% Q-o-Q . Gross Revenue 68,932,065 81,927,839 -16% 58,609,053 18% The growth in revenue was mainly led by 28% increase in trading revenue and 84% increase in self-mi
Slide 13: Looking Forward: 2024 & Beyond
PHOENIX GROUP PLC LOOKING FORWARD 13 2024 & BEYOND AS WE STEP INTO THE FUTURE OF CRYPTO MINING, OUR COMPANY STANDS POISED TO EMBARK ON A JOURNEY OF EXPONENTIAL GROWTH AND INNOVATION. NEW INVESTMENTS TAKING SHAPE With a strategic focus on expanding our share in network hash rate, we envision leveragi
Slide 14: Q&A
Q&A Building the future economy
Slide 15: Connect With Us
CONNECT WITH US 15 Sources: PHOENIX GROUP PLC https://www.phoenixgroupuae.com