Big Digital Energy, Inc. · NASDAQ:BGDE
Big Digital Energy — Mawson Infrastructure Group — Q4 2021 Earnings Presentation
20 slides from Big Digital Energy's earnings presentation, Mar 21, 2022
Slide 1: Q4 2021 Investor Presentation
T H E D I G I T A L A S S E T C O M P A N Y Q4 2021 Investor Presentation N A S D A Q : M I G I March 2022
Slide 2: Legal Disclaimer
Q4 2021 Investor Presentation 2 LEGAL DISCLAIMER Information contained herein is derived from various internal and external sources which are deemed reliable, but no representations or warranties are made by Company, or any of its affiliates, employees or representatives as to the accuracy or comple
Slide 3: Mawson at a glance
Q4 2021 Investor Presentation 3 TARGET SELF - MINING HASH RATE 4.00 EH Expected online Q3 2022 ~ 18 BTC produced per day 1 Focused on Bitcoin Self - Mining and Hosting Co - location services, Mawson’s integrated model is based on a long term strategy to assist in the global transition to a digital a
Slide 4: Q4 Financial and Operational Highlights
Q4 2021 Investor Presentation 4 Financial Highlights Δ (from Q3 2021) Operational Highlights Subsequent Events to Q4 Revenue $19.6 M +79% Gross Profit $16.0 M +89% EBITDA (Non - GAAP) $10.0 M +203% 230 MW Expansion of Bitcoin Mining Facility in Sandersville, GA, USA *which could accommodate up to 7.
Slide 5: FY2021 Headline Results
Q4 2021 Investor Presentation 5 New 100MW Bitcoin Mining Facility Signed in Midland, PA, USA 100MW Bitcoin Mining Facility Expansion in Sandersville, GA, USA First Bitcoin mining facility signed in partnership with Quinbrook Infrastructure Partners – global green energy infrastructure fund Listed on
Slide 6: December 31, 2021 Balance Sheet and FY 2021 Summary
Q4 2021 Investor Presentation 6 Q4 - 21 ($M) Q4 - 20 ($M) Δ ($M) ASSETS Cash and cash equivalents $5.5 $1.1 $4.4 Property and equipment, net $76.9 $7.0 $69.9 Equipment deposits $51.4 $ - $51.4 Other Assets $11.5 $1.7 $9.8 Total Assets $145.3 $9.8 $135.5 Trade and other payables $7.7 $1.9 $5.8 Borrow
Slide 7: Mawson Self-Mining Targets
Q4 2021 Investor Presentation 7 1. Annualised revenue is based on BTC USD$40k and difficulty as at 18 March 2022. Assumes all equipment deployed and online, plus the construction of all contracted sites. 2. Approximately 116 megawatts (MW) is currently allocated to Mawson’s Hosting Co - location cus
Slide 8: Mawson Hosting Co-location
Q4 2021 Investor Presentation 8 Mawson Hosting Co - location Mar 2021 Target Q4 2022 1 Δ Target 2023 1 Δ Contracted Hosting Customers (MW) 116 MW 140 MW +24MW 220 MW +80MW Exahash (EH) Capacity 3.8 EH 4.6 EH +0.8EH 7.3 EH +2.7EH 1. Exahash capacity assumes installation of latest generation ASIC Bitc
Slide 9: Deployment Timeline (EH)
Q4 2021 Investor Presentation 9 Deployment Timeline (EH) Infrastructure First approach Focus on large scale power infrastructure and long term security Aggressively Increasing Self - Mining Hash Rate 1.10 EH January 2022 4.00 EH Q3 2022 +263% vs Jan 2022 5.50 EH Early Q1 2023 +400% vs Jan 2022 Hash
Slide 10: Energy Infrastructure underpins future growth
Q4 2021 Investor Presentation 10 26 Years Sandersville, GA USA Midland, PA USA New South Wales AUS Secure Pipeline 350MW Energy Infrastructure underpins future growth We focus on identifying stranded and distressed energy Over 1GW pipeline of energy projects Existing facilities of 350MW Organic expa
Slide 11: Secured Infrastructure Capacity
Q4 2021 Investor Presentation 1 1 Secured Infrastructure Capacity ASIC Bitcoin Mining Units Latest generation bitcoin mining hardware 45,000+ Units contracted 4.00 EH Q3 2022 Modular Data Center Units 2.5 MW / Unit 250+ Units Transformer Units 2500 kVa 160+ Units Total capacity 625 MW (Approx. 20 EH
Slide 12: Bitcoin Mining Facility Metrics
Q4 2021 Investor Presentation 12 Sandersville, GA USA Midland, PA USA New South Wales AUS Current Exahash Capacity 7.5 EH 3.3 EH 0.4 EH Current MW capacity 230 MW 100 MW 20 MW Future potential MW capacity +200 Future potential Exahash Capacity +6.6 Current Modular Data Centre Capacity 115 50 10 Leas
Slide 13: Mawson's Infrastructure First Approach
Mawson’s Infrastructure First Approach Strict ROIC assessment of sites 1 2 Modular Data Centre (MDC) IP Long - term agreements 3 4 ESG & Social Impact focus • High quality, stable and supportive jurisdictions • Selection of sites with stranded/under - utilised energy especially in regional areas • T
Slide 14: ESG Focus
Q4 2021 Investor Presentation 14 ESG Focus 22,277 Tonnes of C0 2 Offsets purchased in 2020, 2021 carbon footprint being assessed/offset ~75% Sustainable / non - carbon emitting energy mix Georgia, USA • Platinum sponsor of School Athletics Programs • Mawson Group Academic Scholarship • Mawson and Br
Slide 15: Highly experienced Management & Board
Q4 2021 Investor Presentation 15 Highly experienced Management & Board Greg Martin Independent Non - Executive Chair 25 years with AGL Energy (AGL.ASX), Australia’s largest energy generator/retailer, 5 years as CEO and Managing Director James Manning Founder & CEO 15 years management experience acro
Slide 16: Cosmos DIGA ETF and Mawson Innovation Portfolio
Q4 2021 Investor Presentation 16 The Cosmos Global Digital Miners Access ‘DIGA’ ETF DIGA aims to track the Global Digital Miners Access Index (before fees and expenses) which is composed of global companies with the primary business focus on digital asset mining and infrastructure. The Cosmos Global
Slide 17: Share price and ownership
Q4 2021 Investor Presentation 17 Ticker NASDAQ:MIGI Share price $4.78 Shares outstanding 71,580,295 $342M Market capitalisation Mawson Register – High Insider Ownership Ownership Board and Management External Investors 76% 24% Based on share price as at 18 March, 2022
Slide 18: A strong platform for sustainable growth
Q4 2021 Investor Presentation 18 Mawson Infrastructure Group A strong platform for sustainable growth 1. 2020 carbon offset with carbon credits, 2021 carbon footprint currently being assessed/offset. 2. https:// www.prnewswire.com/news - releases/bitcoin - miners - revenue - rose - 206 - in - 2021 -
Slide 19: Reconciliation of Non-GAAP Metrics
Reconciliation of Non - GAAP Metrics Q4 Balance Sheet Slide 6 identifies some non - GAAP financial metrics, which require reconciliation to the statutory GAAP numbers. We set them out as follows: Assets Cash and cash equivalents Cash $5.5M Property and equipment, net $76.9M Share Based Payments 3 $0
Slide 20: Investor Relations
Investor Relations Brett Mass Hayden IR mawson@haydenir.com Head Office Level 5, 97 Pacific Highway North Sydney, NSW Australia info@mawsoninc.com
Mawson Infrastructure Group — Q4 2021 Earnings Presentation on 6ix