Tingo Group, Inc. · OTC:TIOG
Tingo — MICT — Q3 2020 Earnings Presentation
13 slides from Tingo's earnings presentation, Nov 19, 2020
Slide 1: Third Quarter 2020 Financial Results Conference Call
Third Quarter 2020 Financial Results Conference Call
Slide 2: Forward Looking Statements
Forward Looking Statements 2 This presentation contains express or implied forward - looking statements within the Private Securities Litigation Reform Act of 1995 and other U . S . federal securities laws . These forward - looking statements include, but are not limited to, those statements regardi
Slide 3: Q3 2020 Developments: Fintech
3 Q3 2020 Developments: Fintech ▪ Acquired 100% of Global Fintech Holding Intermediate (GFHI) giving it ownership of the platforms, technology and businesses that GFHI has built in the global fintech space, with the initial focus on China’s burgeoning fintech market ▪ Closed on $15 million in fundin
Slide 4: Fintech: Insurance Business
4 Fintech: Insurance Business ▪ Planning to Launch online insurance platform in December 2020 using high - achieving management team assembled from China's largest insurance companies ▪ Large team of industry leading professionals including CEO, COO, CTO with 10 - 20 years experience delivering sign
Slide 5: Fintech: Stock Brokerage Business
5 Fintech: Stock Brokerage Business ▪ GFHI’s significant database of active users and its ready - to - launch app - based technology platform are set to integrate a Hong Kong brokerage firm licensed to transact in substantial markets including Hong Kong, the U.S. and China, including China A - Share
Slide 6: Q3 2020 Developments: Micronet
6 Q3 2020 Developments: Micronet ▪ Following its acquisition of more than 50% ownership in the outstanding ordinary shares of Micronet Ltd in June 2020, in accordance with U.S. GAAP, MICT is reporting the revenues and financial results of Micronet in the third quarter of 2020 ▪ Business is transitio
Slide 7: MICT Q3 2020 Results
7 ▪ Revenues, all derived from telematics business, were $349,000 in Q3 2020 as compared to $0 in Q3 2019 ▪ Gross profit was $2,000 in Q3 2020 as compared to $0 in Q3 2019 ▪ Research and development (R&D) expense was $230,000 in Q3 2020 as compared to $0 in Q3 2019 ▪ Selling, general and administrat
Slide 8: Q3 and Nine-Month Revenues for 2019 and 2020
Q3 and 9 - Month Revenues for 2019 and 2020 8 $0 $349,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 Q3 2019 Q3 2020 $477,000 $349,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Q1 - Q3 2019 Q1 - Q3 2020
Slide 9: Income Statement Highlights
9 Income Statement Highlights (in 000s except share and per share data) Nine months ended September 30, Three months ended September 30, 2020 2019 2020 2019 Revenues $ 349 477 349 - Cost of revenues 347 846 347 - Gross profit (loss) 2 (369 ) 2 - Operating expenses: Research and development 230 261 2
Slide 10: Three Month Non-GAAP Financial Measures
10 Nine Month Non - GAAP Financial Measures (in 000s except share and per share data) Three months ended September 30, (Dollars in Thousands, other than share and per share amounts) 2020 2019 GAAP net loss attributable to Mict, Inc. $ (14,151 ) $ (1,210 ) Amortization of acquired intangible assets 7
Slide 11: Nine Month Non-GAAP Financial Measures
11 Q3 Non - GAAP Financial Measures (in 000s except share and per share data) Nine months ended September 30, (Dollars in Thousands, other than share and per share amounts) 2020 2019 GAAP net loss attributable to Mict, Inc. $ (15,559 ) $ (3,222 ) Amortization of acquired intangible assets 788 - Expe
Slide 12: Balance Sheet
Balance Sheet 12 In Millions September 30, 2020 (Unaudited) December 31, 2019 (Audited) Cash, cash equivalents and restricted cash $18.6 M $3.2 M Bank & others debts $1.1 M $1.85 M Net working capital $16.1 M $4.1 M Stockholders’ equity $52.8 M $3.2 M
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