Tingo Group, Inc. · OTC:TIOG
Tingo — Q1 2023 Earnings Presentation
21 slides from Tingo's earnings presentation, May 15, 2023
Slide 1: Q1 2023 Financial Results Conference Call
A Diverse Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security NASDAQ: TIO Q1 2023 Financial Results Conference Call May 15, 2023
Slide 2: Forward Looking Statements
2 First Quarter 2023 Financial Results Conference Call Forward Looking Statements Cautionary Note Regarding Forward - Looking Statements Certain statements made herein contain, and certain oral statements made by representatives of Tingo Group and its affiliates, from time to time may contain, “forw
Slide 3: Agenda
3 First Quarter 2023 Financial Results Conference Call Agenda • Introduction and Recent Announcements ………………. • Product Timelines and Updates, and Partnerships ….. • Financial Results …………………………………………………….. • Closing Summary and Q&A .……………………………………. Darren Mercer Dozy Mmobuosi Kevin Chen Group CEO T
Slide 4: Corporate Overview
4 First Quarter 2023 Financial Results Conference Call Corporate Overview MICT acquired 100% Tingo Foods PLC 4 , before subsequently changing name from MICT, Inc. (MICT) to Tingo Group, Inc. (TIO) Timeline (1) Pro Forma Financial Information is estimated based on unaudited management accounts (3) Se
Slide 5: Our Mission
5 First Quarter 2023 Financial Results Conference Call Our Mission Make a difference improving global food supply and tackling the world’s food security crisis; by delivering farmer empowerment, improved crop yields, reduced spoilage and better access to markets. Agri - Fintech Mission Group Mission
Slide 6: Acquisition and Recent Developments
6 First Quarter 2023 Financial Results Conference Call Acquisition and Recent Developments • November 30 , 2022 – Completed the acquisition of 100 % of Tingo Mobile, following : (i) the completion of extensive due diligence by world class advisors : Ernst & Young, Dentons, Houlihan Lokey and Ellenof
Slide 7: Agri Fintech Growth Strategy
7 First Quarter 2023 Financial Results Conference Call Agri Fintech Growth Strategy Replicating our Proven Model - Tingo Mobile and NWASSA Marketplace 12.0M ~30.0M Tingo Mobile active customers at Mar 31, 2023 Expected number of Tingo Mobile customers by Dec 2023 NWASSA • Q 4 2022 – Signed All Farme
Slide 8: Tingo Foods – Food Processing Business
8 First Quarter 2023 Financial Results Conference Call Tingo Foods – Food Processing Business Aims to be the largest food and beverage processing facility in Africa • Generated more than $ 466 . 2 million of high - margin revenue in first 4 months (Sep 2022 - Dec 2022 ) – business brought into Tingo
Slide 9: Tingo DMCC - Agri Commodity Platform
9 First Quarter 2023 Financial Results Conference Call Tingo DMCC - Agri Commodity Platform In Partnership with the Dubai Multi Commodities Centre (DMCC) A global commodity platform and export business – completing the seed to sale eco - system • Significant progress made during Q 1 2023 on the aggr
Slide 10: Prime Commodity Exchange & AFAN Agreement
10 First Quarter 2023 Financial Results Conference Call Prime Commodity Exchange & AFAN Produce Supply, Warehousing and Commodity Exchange Agreement • E xclusive use of AFAN’s existing network of 2 , 322 warehouses for a minimum term of 30 years • Right of first refusal to purchase or trade all prod
Slide 11: TingoPay SuperApp and Visa Partnership
11 First Quarter 2023 Financial Results Conference Call TingoPay SuperApp and Visa Partnership • Beta version of TingoPay and additional new functionality are at an advanced stage of testing with Visa ahead of full - scale launch scheduled for mid - 2023 . • Tingo Mobile and TingoPay in Pan - Africa
Slide 12: Financial & Digital Inclusion Ecosystem
12 First Quarter 2023 Financial Results Conference Call Financial & Digital Inclusion Increase Food Supply and Reduce Post Harvest Losses Social Upliftment Ecosystem Mobile Handsets with Embedded Software & Platforms Marketplace for inputs and produce Valued - Added Services and Payment Services Pro
Slide 13: Environmental, Social & Governance
13 First Quarter 2023 Financial Results Conference Call Environmental, Social & Governance • Fostering digital and financial inclusion through technology platforms – driving the social and economic upliftment of customers • Meaningfully improving global food supply and tackling the world’s food secu
Slide 14: Financial Results Highlights
14 First Quarter 2023 Financial Results Conference Call Financial Results Highlights • Net revenues of the first quarter 2023 were $ 851 . 2 million, compared to $ 9 . 6 million for the first quarter 2022 . The increase of 8 , 801 % , was mainly attributed to the addition of the Tingo Mobile and Tin
Slide 15: Financial Highlights Revenue Analysis
15 First Quarter 2023 Financial Results Conference Call Financial Highlights Revenue Analysis Three Months Ended March 31 $ in Millions 2023 2022 Mobile handset leasing $113.7 $ - Mobile call and data 14.4 - Nwassa – Platform Revenues 125.3 - Tingo Foods Revenues 577.2 - MICT Insurance and Financial
Slide 16: Financial Highlights
16 First Quarter 2023 Financial Results Conference Call Financial Highlights Three Months Ended March 31 $ in Millions 2023 2022 Revenue $851.2 $9.6 Gross Profit 386.9 1.3 Operating Income / (Loss) 260.7 (10.0) EBITDA 1 372.1 (8.9) Net Income / (Loss) Before Tax 262.5 (9.7) Net Income / (Loss) 176.7
Slide 17: Financial Highlights – EBITDA Reconciliation
17 First Quarter 2023 Financial Results Conference Call Financial Highlights – EBITDA Reconciliation Three Months Ended March 31 $ in Millions 2023 2022 GAAP Operating Income / (Loss) $261.0 $(9.8) Depreciation of tangible assets 99.9 0.1 Amortization of acquired intangible assets 11.2 0.8 Total Non
Slide 18: Balance Sheet Highlights
18 First Quarter 2023 Financial Results Conference Call Balance Sheet Highlights As of $ in Millions Mar 31, 2023 Dec 31, 2022 Cash and cash equivalents $780.2 $500.3 Total current assets 1,156.1 531.2 Total assets 2,370.8 1,682.3 Total current liabilities 561.4 265.4 Total long - term liabilities 3
Slide 19: Income Statement
19 First Quarter 2023 Financial Results Conference Call Income Statement Three Months Ended March 31, 2023 2022 Revenues $ 851,245 $ 9,563 Cost of revenues 464,390 8,298 Gross profit 386,854 1,265 Operating expenses: Research and development 363 595 Selling and marketing 85,068 2,517 General and adm
Slide 20: Uniquely Positioned
20 First Quarter 2023 Financial Results Conference Call Uniquely Positioned • NASDAQ - listed fast - growth and highly profitable company (Mar 31 , 2023 , Revenues of $ 851 . 2 M and Net Income Before Tax of $ 262 . 5 M) • Strong balance sheet and cash generation (cash balance at Mar 31 , 2023 - $ 7
Slide 21: Contact / Q&A
www.tingogroup.com Company 201 - 225 - 0190 info@tingogroup.com Investor Relations Chris Tyson/Larry Holub 949 - 491 - 8235 TIO@mzgroup.us A Global Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security NASDAQ: TIO Q&A