Big Digital Energy, Inc. · NASDAQ:BGDE
Big Digital Energy — Mawson Infrastructure Group — Q3 2022 Earnings Presentation
19 slides from Big Digital Energy's earnings presentation, November 2022
Slide 1: Q3 FY2022 Investor Presentation
NASDAQ: MIGI THE DIGITAL ASSET COMPANY November 2022 Q3 FY2022 Investor Presentation Q3 2022 Investor Presentation
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Company's Annual Report on Form 10-K filed with the SEC on March 21 worldwide situation caused by COVID-19, supply-chain disruptions and Information contained herein is derived from various internal and 2022, as may be supplemented or amended by future filings of the general inflati
Slide 3: Mawson at a glance
Mawson Diversified model focused on Bitcoin Self-Mining, Hosting Co-location services and Energy Markets, Mawson’s diversified and integrated model is based on a long term at a glance strategy to assist in the global transition to a digital and decarbonised society. HOSTING CO-LOCATION ANTICIPATED S
Slide 4: Strategic sale of Georgia facility, focus on Pennsylvania
Mawson Strategic sale of Georgia facility in Third Quarter 2022 for approximately $40 Million3 sets Mawson up to focus on the delivery of highest return on capital infrastructure refocused assets moving forward. Mawson is now focusing near-term development activities at its Pennsylvania Bitcoin Mini
Slide 5: Q3 FY2022 Headline Results
Headline Results Q3 FY2022 Financial Highlights Operational Highlights Strategic Highlights Δ (Q3 FY2021) Exit of 80MW Sandersville, Sale of 80MW Sandersville, Revenue $28.3M +160% Georgia facility to CleanSpark Inc, focus shifts to 80MW $40M 1 Georgia facility to CleanSpark Inc, for approximately $
Slide 6: Q3 FY2022 Charts
Q3 FY2022 *$20.6 million cash received in October/early November from sale of Georgia, USA facility September 30, 2022 Balance Sheet1 Charts Q3-22 ($M) Q2-22 ($M) Δ ($M) Revenues (in millions) 28.3 ASSETS 19.5 19.4 19.8 Cash and cash equivalents* $1.2 $2.5 $1.3 10.9 Property and equipment, net $112.
Slide 7: Q3 FY2022 Highlights
Q3 FY2022 September 30, 2022 Income Statement1 Highlights Q3-22 ($M) Q2-22 ($M) Δ ($M) REVENUE $28.3 $19.8 $8.5 Q3 Q2 Cryptocurrency Mining 2022 2022 Δ $5.9 $16.2 $10.3 ($M) ($M) (%) Hosting Co-location $5.7 $3.6 $2.1 Selling, General & Admin Expenses $5.0 $9.4 -47% Equipment Sales $10.4 - $10.4 Fai
Slide 8: Georgia Sale Overview
Headline Results GEORGIA SALE Overview Financial Impacts Operational Impacts Strategic Advantages 100MW 100 Megawatt Expansion Facility Sale Proceeds $31.0M in Midland, Pennsylvania continues – now fully funded Focus development activities in North-Eastern Unites States Reduction of net debt to ASIC
Slide 9: Expansion Timeline – Infrastructure First
Expansion Timeline – Infrastructure First Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Midland 50MW 100MW Sharon 12MW 52WM 96MW 120MW Anticipated Self-Mining & 3.7 EH1 2.5 EH1 4.5 EH1 6.5 EH1 7.5 EH1 8.0 EH1 Hosting Co- location Online Current Exahash Capacity Current MW capacity Remaining CAPEX
Slide 10: Mawson Self-Mining
Mawson Mawson engages in Bitcoin Self-Mining across its operations. Anticipated Bitcoin production per day will be temporarily reduced from September Self-Mining of 2022 until the first quarter of 2023 as a result of the sale of the Georgia facility. Q3, 2022 Revenue $5.9 Million September Anticipat
Slide 11: Hosting Co-location
Mawson Mawson leverages its surplus infrastructure capacity to generate an additional revenue stream, comprising hosting co-location services. Hosting Co-location Q3, 2022 Revenue $5.7 Million September Anticipated Q1 Anticipated Δ Δ 2022 20231 Q4 20231 Contracted Hosting Customers (MW) 100 MW 120 M
Slide 12: Mawson Energy Markets Program
Mawson Energy Markets Program 39,035 MWh Total Load Reduction in Q3, 2022 Revenue $6.3 Million FY 2022 Mawson manages its Energy Markets Program, through participation in curtailment and energy capacity sales. When energy prices are high, Mawson sells energy back to the grid. When energy 24,557 Tonn
Slide 13: Secure Energy Pipeline
Secure Energy Pipeline Lease term Energy Infrastructure underpins future growth We focus on identifying stranded and distressed energy Texas 120MW 15 Years infrastructure USA Midland, PA 100MW 15 Years USA Over 300MW pipeline of energy projects Existing energy infrastructure capacity available for B
Slide 14: ESG Focus
ESG Focus Net Zero Carbon Socially Engaged Governance Framework Pennsylvania, USA A responsible, accountable and ethical 22,277 • Mawson supporter of Buhl Park approach to corporate governance underpins (community park) the way we do business. Tonnes of C02 Offsets purchased in 2020, 2021 carbon foo
Slide 15: Highly experienced Management & Board
Highly experienced Management & Board Key employees Board Ariel Sivikofsky Liam Wilson Greg Martin James Manning Principal Accounting Officer Chief Operating Officer Independent Non-Executive Chair Founder & CEO FCA with over 25 years 16 years experience in senior 25 years with AGL Energy 15 years m
Slide 16: Mawson Register
Mawson Register High Insider Ownership Market capitalization Board and Management 19% $33M Based on share price as at 8 November, 2022 Ticker NASDAQ:MIGI 24% Share price $0.41 External Shares outstanding 81,249,7681 Investors 81% 76% 1. As at September 30, 2022 Q3 2022 Investor Presentation 16
Slide 17: A strong platform for sustainable growth
Mawson Infrastructure Group A strong platform for sustainable growth Rapid Growth Bitcoin Self-Mining and Hosting Strategic Canaan Inc (NASDAQ:CAN) and Scale Co-location growth Relationships Voltus, Inc 0.2 EH in July 2021 3.7 EH in September 2022 CleanSpark, Inc (NASDAQ:CLSK) 4.5 EH target Q1 2023
Slide 18: Reconciliation of Non-GAAP Metrics
Reconciliation of *$20.6 million cash received in October/early November from sale of Georgia, USA facility Non-GAAP Metrics Q3 EBITDA + Gross Profit Q3 Balance Sheet Pages 5/7 identifies some non-GAAP financial metrics, which require reconciliation to Page 6 identifies some non-GAAP financial metri
Slide 19: Head Office / Investor Relations
Head Office Level 5, 97 Pacific Highway North Sydney, NSW, Australia, 2060 info@mawsoninc.com Investor Relations Brett Mass Hayden IR mawson@haydenir.com Q3 2022 Investor Presentation
Mawson Infrastructure Group — Q3 2022 Earnings Presentation on 6ix