Tingo Group, Inc. · OTC:TIOG
Tingo — MICT — Q4 2020 Earnings Presentation
16 slides from Tingo's earnings presentation, Mar 31, 2021
Slide 1: Q4-20 Earnings Presentation
MICT, Inc. A NEW DIRECTION FINTECH MICT (Nasdaq Capital Markets) www.mict - inc.com 1 Q4 - 20 Earnings Presentation
Slide 2: Safe Harbor Statements
MIC, Inc. A NEW DIRECTION FINTECH MICT (Nasdaq Capital Markets) Safe Harbor Statements Safe harbor statement under the Private Securities Litigation Reform Act of 1995: This presentation may contain forward - looking statements that involve risks, uncertainties, and assumptions. If any such uncert a
Slide 3: 2020 Accomplishments
2020 Accomplishments 3 » Entered the fintech market through the acquisition of Global Fintech Holdings (GFH) » The Group is now focused on fintech, with the emphasis on China and Southeast Asia » GFH acquisition delivered a proprietary technology platform and a database of several million users, pro
Slide 4: Fintech: China Insurance Market
Fintech: China Insurance Market 4 » China insurance penetration rate is only 4.4% versus 10% in UK and 7.3% in US » Total insurance premiums in China were $530 billion in 2017 and expected to grow to $2.36 trillion by 2032, overtaking the US » Online sales accounted for 24% of insurance premiums in
Slide 5: Fintech: Insurance Business
Fintech: Insurance Business 5 » Nationwide license in China give us the ability to sell a full range of insurance products throughout mainland China » Recruited proven and experienced management team from some of China’s largest insurance companies » New agency deals and commercial partnership will
Slide 6: Fintech: Stock Trading Market
Fintech: Stock Trading Market 6 » China is one of the largest contributors to online securities trading, with China and Hong Kong based investors accounting for 45% of total trading volume in 2017 » China’s online retail securities market has grown significantly in recent years, from $1.8 trillion i
Slide 7: Fintech: Stock Trading Business
Fintech: Stock Trading Business 7 » Key license for stock trading obtained through Huapei acquisition, enabling clients to trade in US, Hong Kong and other global market listed companies » Receipt of regulatory approval on Feb 25, 2021 enabled acquisition of 100% of Huapei, which has recently comple
Slide 8: Fintech: Oil and Gas Commodities Market
Fintech: Oil and Gas Commodities 8 Market » China’s crude oil and natural gas commodities imports represented $259b and $44b respectively in 2019 MICT’s entry into the Market » Partnership agreed with Shanghai Petroleum and Natural Gas Trading Center (SPNG), who’s clients account for approximately 2
Slide 9: Micronet: Developments
Micronet: Developments 9 » Secured pilot - test order for SmartCam in October 2020 and entered negotiations for substantial commercial contract with one of the worlds largest telematics service providers » In December 2020, pilot - test customer placed $0.3m follow - on order » In February 2021, sec
Slide 10: Liquidity
Liquidity 10 » As of December 31, 2020, MICT had total cash of $29m » February 16, 2021, raised gross proceeds of $60m through direct offering » March 4, 2021, raised gross proceeds of $54m through direct offering
Slide 11: MICT Q4 2020 Results
MICT Q4 2020 Results 11 » Total revenue in the fourth quarter of 2020 was $824,000 versus $0 in the year - ago period » Q4 - 20 revenue includes $299,000 from newly formed insurance division » Gross profit was negative $60,000 in the fourth quarter of 2020 versus $0 in the fourth quarter of 2019 » R
Slide 12: Income Statement Results
@MICT.. Income Statement Results ‘MICT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Gn Thousands, Except Share and Loss Per Share data) Revenues Cost of reveues Gross loss ‘Operating expenses: ‘Research and development Selling and marketing General and administrative Amortization of intangible assets
Slide 13: 2020 Non-GAAP Financial Measures
2020 Non - GAAP Financial Measures 13
Slide 14: Income Statement Results
@MICT.. Income Statement Results Year ended December 31, ‘ollars in Thousands, other than share and per share amounts) 2020 2019 GAAP net loss attributable to Mict, Inc. (22,992) $4,217) Amortization of acquired intangible assets 1572 - Expenses related to beneficial conversion feature expense 8482
Slide 15: Balance Sheet
Balance Sheet 15 In 000's 12/31/20 12/31/19 Cash, cash equivalents and restricted cash 29,014$ 3,199$ Bank & other debts 884$ 1,856$ Net working capital 26,343$ 4,127$ Stockholders' Equity 65,696$ 3,244$ As of
Slide 16: MICT, Inc. Always in Front
MICT, Inc. Always in Front MICT (Nasdaq Capital Markets) www.mict - inc.com 16