Phoenix Group Plc · ADX:PHX
Phoenix — Q2 2024 Earnings Presentation
18 slides from Phoenix's earnings presentation, 2024
Slide 1: Q2 2024 Financial Results
Q2 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: Presenters
PHOENIX GROUP PLC PRESENTERS Q2, 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 Achievements 6 Differentiated Business Model 7 Financial Review 8 Operational Metrices 10 Key Highlights 11 Peer Comparison 12 Bitcoin Halving 13 Global Dynamics 14 Crypto Adoption 15 Strategic Direction 16 Q&A 17 Connect with Us 18
Slide 5: Business Performance
PHOENIX GROUP PLC BUSINESS PERFORMANCE 05 Q2, 2024 • Net profit for the quarter increased by 141% Y-o-Y to $56.1 million driven by significant increase in self- mining revenue and gains on investment assets. Profit for H1:24 increased 154% Y-o-Y. • Self-mining revenue surged by 295% Y-o-Y to $28.5 m
Slide 6: Strategic Achievements
PHOENIX GROUP PLC STRATEGIC ACHEIVEMENTS 06 Q2, 2024 • Expanded data center operations to support mining operations through acquisition of new sites such as announced South Carolina site; procuring contracts for an additional 300 to 500 MW of mining facilities and site development is underway • RAK
Slide 7: Differentiated Business Model
PHOENIX GROUP PLC DIFFERENTIATED BUSINESS MODEL 07 Highly agile Able to redeploy assets immediately Focus on optimization Assets deployed in most profitable business, given any operating environment Operator at scale Global player with low energy cost and efficient assets Access to proprietary inves
Slide 8: Financial Review
PHOENIX GROUP PLC FINANCIAL REVIEW 08 Q2, 2024 TOTAL ASSETS TOTAL DIGITAL ASSETS (USD MN) TOTAL EQUITY (USD MN) (USD MN) 321.3 822.5 919.6 273.2 774.4 879.3 140.0 697.1 834.0 DEC:23 MAR:24 JUNE:24 ` DEC:23 MAR:24 JUN:24 ` DEC:23 MAR:24 JUN:24 NET PROFIT REVENUE (USD MN) (USD MN) 160.8 -25% 122.3 120
Slide 9: Financial Review: Revenue, Profit and Margin Breakdown
PHOENIX GROUP PLC FINANCIAL REVIEW 09 Q2, 2024 REVENUE, PROFIT AND MARGIN BREAKDOWN Q2:23 Q1:24 Q2:24 QoQ YoY H1:23 H1:24 YoY REVENUE • While revenue declined, improving revenue mix Gross with self-mining revenue largest contributor in Q2. 78.9 68.9 51.2 -26% -35% 160.8 120.1 -25% Revenue • Decline
Slide 10: Operational Metrics
PHOENIX GROUP PLC OPERATIONAL MATRICES 10 Q2, 2024 OVERALL BUSINESS HASHING SHARE IN THE NETWORK CURRENT POWER CONSUMPTION 2.56% 453 MW BTC MINING PER DAY1 8.9 MINING EFFICIENCY POWER COST PER KWHr2 31.0 MW/EHs 5.70 cent MINING HOSTING INVESTMENTS HASH RATE HASH RATE HASH RATE 4.8 EHs 3.5 EHs 6.8 EH
Slide 11: Key Highlights
PHOENIX GROUP PLC KEY HIGHLIGHTS 11 Q2, 2024 SELF MINING SELF MINING MARGINS EFFICIENCY REVENUE & INCOME USD 28.5 MN 39% (32% GROWTH Q/Q ) TOTAL POWER CAPACITY 765 MW HOSTING HOSTING USD 17.5 MN 16% (10% DECLINE Q/Q ) HASH RATE 15.1 EHs TRADING TRADING USD 5.1 MN 40% (82% DECLINE Q/Q ) GLOBAL HASH R
Slide 12: Peer Comparison
PHOENIX GROUP PLC PEER COMPARISON 12 RANKED AMONG TOP 5 BASED ON LATEST AVAILABLE DATA REALIZED HASHRATE OF TOP 5 MARKET SHARE OF TOP 5 BITCOIN COST OF MINING 1 BTC BITCOIN MINING COMPANIES MINING COMPANIES (EH/s) (Data available (USD / BTC –as of March Figures as of2024) Q1,2024 – Pre-halving) (Bas
Slide 13: Bitcoin Halving
13 PHOENIX GROUP PLC BITCOIN HALVING IMPACT IN Q2, 2024 BTC GENERATION PER EHs PER DAY (Data from Apr 2024 – May 2024 on a weekly basis) • The bitcoin halving event in April 2024 reduced the block reward for miners, which is expected to increase bitcoin’s price over time due to reduced supply and st
Slide 14: Global Dynamics
14 PHOENIX GROUP PLC GLOBAL DYNAMICS IMPACT IN Q2, 2024 • Since inception, Bitcoin ETFs have steadily accumulated bitcoins. They notably provided liquidity M when the German government was selling its holdings. B|k TOTAL BITCOIN ETF FLOWS V. NAV V. BTC PRICE Currently, the total net assets of all U.
Slide 15: Crypto Adoption
15 PHOENIX GROUP PLC CRYPTO-ADOPTION UAE POSITIONED ITSELF AS MARKET LEADER IN ADOPTION OF DIGITAL ASSETS AND BLOCKCHAIN TECHNOLOGY • The UAE is rapidly emerging as a significant crypto hub. CRYPTO OWNERSHIP – % OF POPULATION THAT OWNS DIGITAL ASSETS 30.40% • The growth of crypto in the UAE is drive
Slide 16: Strategic Direction
PHOENIX GROUP PLC STRATEGIC DIRECTION 16 Q2, 2024 WEB3 & TECHNOLOGY DATA CENTRES DIGITAL ASSET INVESTMENTS INVESTMENTS Closely monitor market adjusting balance Deploy capital into proprietary digital Continue to identify attractive investment of self-mining and hosting services to asset investments
Slide 17: Q&A
Q&A Building the future economy
Slide 18: Connect With Us
CONNECT WITH US 18 Sources: PHOENIX GROUP PLC https://www.phoenixgroupuae.com