Slide 1: 4Q 14 Financial Results Conference Call
4Q 14 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. These forward-looking statements include, but are not limited to, those statements regarding our grow
Slide 3: Presenters
Presenters Tali Dinar - Chief Financial Officer David Lucatz - Chairman of the Board and CEO Shai Lustgarten - CEO of Micronet Ltd.
Slide 4: Fourth Quarter Overview (in 000's)
Fourth Quarter Overview (in 000’s) ■ Strong revenue growth for quarter ■ 12.6% increase over previous year ■ Local fleet vertical becoming larger portion of sales ■ Largest MRM vertical ■ Significantly diversifying our customer base ■ Achieved Non-GAAP net income for the three months ended December
Slide 5: Strong Quarter, Strong Back Half of 2014
Strong Quarter, Strong Back Half of 2014
Slide 6: Transformative Realignment Progressing Well
Transformative Realignment Progressing Well ■ June 2014 acquisition established U.S.-based MRM Division of Micronet Inc. ■ Enables MICT to establish strong U.S. sales and operational base ■ Headquartered in Salt Lake City, UT ■ Significantly expanded and diversified customer base ■ Local presence en
Slide 7: 4Q vs 4Q Revenues
4Q 13 vs 4Q 14 Revenues Solid contribution from both divisions Consolidated revenue grew 12.6% for the quarter MRM
Slide 8: MRM Sales Mix by Vertical
MRM Sales Mix by Vertical 8 Long Haul 77% Construction & Heavy Equipment 27% Long Haul 35% Local Fleet 18% Local Fleet 38% Growing Local Fleet Revenues FY 2013 Construction & Heavy Equipment 5%
Slide 9: Broadening Customer Diversity
Broadening Customer Diversity Others 22% FY 2014 FY 2013 % of MRM Division Customer C 2 % Customer B 3 % Others 12%
Slide 10: Income Statement Highlights (in 000's)
Income Statement Highlights (in 000’s) Three Months Ended December 31, Year Ended December 31, 2014 2013 2014 2013 Revenues $ 10,670 $ 9,483 $ 34,238 $ 35,571 Cost of revenues 7,390 6,314 24,180 22,298 Gross profit 3,280 3,169 10,058 13,273 Gross profit margin 31% 33% 29% 37% Operating expenses: Res
Slide 11: Non-GAAP
Non-GAAP 11 Three Months Ended December 31, Year Ended December 31, 2014 2013 2014 2013 GAAP net loss attributed to MICT (28) 116 (2,139) (495) Total amortization of acquired intangible assets 178 52 492 332 Change in fair value of call options and warrants (8) (78) 299 170 Amortization of UTA's not
Slide 12: E MICRONET
E MICRONET ENERTEC cember 31 December 31, 20: 3 Cash, cash equivalents and marketable $14.9M $19.8M securities Bank & others debts $14.3M $9.1M Net Working Capital $16.4M $26.4M Stockholders' Equity $14.1M $17.9M
Slide 13: New Partnerships
New Partnerships Recent Contracts Micronet received a purchase order in the amount of $1.7 million from a leading U.S. based bulk material supply chain solutions company, for its TREQ-fully portable, rugged mobile tablets. Enertec Systems awarded two purchase orders from a global aerospace corporati
Slide 14: ELD Mandate Opportunity
ELD Mandate Opportunity Background Timeline* Market Opportunity* § Drivers are required to keep records of hours of service (HOS) § Cannot drive over 11 hours per day § Required rest periods § Electronic Logging Devices (ELDs) connect to engine and replace paper logbooks § Law being put in place req
Slide 15: Looking Forward: Macro Trends Medium to Long Term
Looking Forward Macro Trends Medium to Long Term MRM § Local fleet market expected to grow 37% between 2014 and 2016 1 Aerospace/Defense • Continuing trend to rely on missile defense systems support a potential demand for our missile defense offerings § Continuing strong potential to our systems and
Slide 16: Thank You
Thank You Q & A
Slide 17: Micronet Enertec Technologies, Inc.
MICRONET ENERTEC TECHNOLOGIES, INC