Tingo Group, Inc. · OTC:TIOG
Tingo — FY2022 Earnings Presentation
19 slides from Tingo's earnings presentation, Mar 31, 2023
Slide 1: A Diverse Fintech & Agri-Fintech Group Making a Difference
A Diverse Fintech & Agri - Fintech Group Making a Difference Delivering Financial Inclusion and Food Security NASDAQ: TIO Fiscal Year 2022 Financial Results Conference Call March 31, 2023
Slide 2: Forward Looking Statements
2 Fiscal Year 2022 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, “forwar
Slide 3: Agenda
3 Fiscal Year 2022 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 Tin
Slide 4: Corporate Overview
4 Fiscal Year 2022 Financial Results Conference Call Corporate Overview MICT acquired 100% of Tingo Mobile Limited 2 and Tingo Foods PLC 3 , before subsequently changing name to Tingo Group, Inc. Timeline (1) Pro Forma Financial Information is estimated based on unaudited management accounts (2) See
Slide 5: Our Mission
5 Fiscal Year 2022 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 F
Slide 6: Acquisition and Recent Developments
6 Fiscal Year 2022 Financial Results Conference Call Acquisition and Recent Developments • Entered into Definitive Merger Agreement with Tingo, Inc. on May 10, 2022 • Completed extensive due diligence on Tingo, Inc. on June 15, 2022, undertaken by world class advisors: Ernst & Young, Dentons, Houlih
Slide 7: NWASSA Agri Fintech: Clear Growth Strategy
7 Fiscal Year 2022 Financial Results Conference Call NWASSA Agri Fintech: Clear Growth Strategy Proven Model - Tingo Mobile and NWASSA Marketplace 11.4M ~30.0M Tingo Mobile active customers at Dec 31, 2022 Expected number of Tingo Mobile customers by Dec 2023 • Q4 2022 - Signed All Farmers Associati
Slide 8: Tingo DMCC - Agri Commodity Platform
8 Fiscal Year 2022 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 • Facilitates the global export of agricultural commoditi
Slide 9: Tingo Foods – Food Processing Business
9 Fiscal Year 2022 Financial Results Conference Call Tingo Foods – Food Processing Business Aims to be the largest food and beverage processing facility in Africa • Tingo Foods generated more than $400 million of high - margin revenue in first 4 months (Sep 2022 - Dec 2022) – business brought into T
Slide 10: TingoPay SuperApp and Visa Partnership
10 Fiscal Year 2022 Financial Results Conference Call TingoPay SuperApp and Visa Partnership • Tingo Mobile and TingoPay in partnership with VISA are designed to accelerate financial inclusion and social upliftment • M aking digital payments and TingoPay’s services easily accessible across Africa th
Slide 11: Financial & Digital Inclusion Ecosystem
11 Fiscal Year 2022 Financial Results Conference Call Financial & Digital Inclusion Increase Food Supply and Reduce Wastage Social Upliftment Ecosystem Mobile Handsets with Embedded Software & Platforms Marketplace for inputs and produce Valued - Added Services and Payment Services Processing of pro
Slide 12: Environmental, Social & Governance
12 Fiscal Year 2022 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 securi
Slide 13: Financial Results Highlights
13 Fiscal Year 2022 Financial Results Conference Call Financial Results Highlights • Acquisition of 100 % of Tingo Mobile completed on November 30 , 2022 , resulting in consolidation of financial results into Tingo Group from December 1 , 2022 . • Net revenues of Tingo Group for 2022 were $ 146 . 0
Slide 14: Financial Highlights – Pro Forma Information: Revenue Analysis
14 Fiscal Year 2022 Financial Results Conference Call Financial Highlights – Pro Forma Information Yr. over Yr. Pro Forma Combined $ in Millions Growth FY 2022 FY 2021 Mobile handset sales Non - Recurring $24.1 $301.0 Mobile handset leasing 50.3% 476.3 316.9 Mobile call and data 12.2% 61.5 49.3 Nwas
Slide 15: Financial Highlights – Pro Forma Information: Income Statement
15 Fiscal Year 2022 Financial Results Conference Call Financial Highlights – Pro Forma Information Pro Forma Combined $ in Millions FY 2022 FY 2021 Revenue $1,151.6 $921.5 Gross Profit 674.6 343.7 Operating Income / (Loss) 554.6 (47.0) EBITDA 1 954.5 275.6 Adj. EBITDA 1 954.5 536.3 Net Income / (Los
Slide 16: Balance Sheet Highlights
16 Fiscal Year 2022 Financial Results Conference Call Balance Sheet Highlights As of $ in Millions Dec 31, 2022 Dec 31, 2021 Cash and cash equivalents $500.3 $96.6 Total current assets 531.2 127.5 Total assets 1,682.4 177.8 Total current liabilities 265.4 25.4 Total long - term liabilities 90.9 4.7
Slide 17: Income Statement
17 Fiscal Year 2022 Financial Results Conference Call Income Statement (excludes Tingo Mobile for 11 months November 30, 2022) Year ended December 31, 2022 2021 Revenues $ 146,035 $ 55,676 Cost of revenues 81,243 46,456 Gross profit 64,792 9,220 Operating expenses: Research and development 1,689 889
Slide 18: Uniquely Positioned
18 Fiscal Year 2022 Financial Results Conference Call Uniquely Positioned • NASDAQ - listed fast - growth and highly profitable company (2022 Pro Forma Income Before Tax - $555.5M) • Strong balance sheet and cash generation (cash balance at Dec 31, 2022 - $500.3M) • Fast growth, high margin and stic
Slide 19: Contact and 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