Tingo Group, Inc. · OTC:TIOG

Tingo — MICT — Q2 2020 Earnings Presentation

9 slides from Tingo's earnings presentation, Aug 17, 2020

  1. Slide 1: Second Quarter 2020 Financial Results Conference Call

    Second Quarter 2020 Financial Results Conference Call

  2. 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 regarding t

  3. Slide 3: Q2 2020 Developments

    3 Q2 2020 Developments ▪ On July 1, 2020, MICT completed the acquisition of Global Fintech Holdings Ltd. ("GFH") for approximately $25 million in convertible securities, launching MICT into the global fintech industry. ▪ In connection with the GFH acquisition, MICT has received commitments to raise

  4. Slide 4: Springboard for Revenue and Earnings Growth

    4 Springboard for Revenue and Earnings Growth ▪ MICT has built a platform which combines the anticipated organic growth of our operating businesses in fintech and telematics, with strategic accretive acquisitions that are contemplated to be completed in the future in an effort to further expand thes

  5. Slide 5: MICT, Inc. Q2 2020 Results

    5 ▪ Revenues were $0 in Q2 2020 and 2019 ▪ Gross profit was $0 in Q2 2020 and 2019 ▪ Research and development (R&D) expense was $0 Q2 2020 and 2019 ▪ Selling, general and administrative (SG&A) expense in Q2 2020 was $668,000 compared to $670,000 in Q2 2019 ▪ Net income attributable to MICT was $227,

  6. Slide 6: Revenues for Months Ended June 30, 2020

    Revenues for 6 Months Ended June 30, 2020 6 $477,000 $0 6 Months 2019 6 Months 2020

  7. Slide 7: Income Statement Highlights

    Income Statement Highlights (in 000s except share and per share data) Six months ended June 30, Three months ended June 30, 2020 2019 2020 2019 Revenues $ - $ 477 $ - $ - Cost of revenues - 846 - - Gross profit (loss) - (369 ) - - Operating expenses: Research and development - 261 - - Selling and ma

  8. Slide 8: Balance Sheet

    Balance Sheet 8 In Millions June 30, 2020 (Unaudited) December 31, 2019 (Audited) Cash, cash equivalents and restricted cash $9.7 M $3.2 M Trade account receivable, net $0.3 M $ 0 Bank & others debts $9.3 M $1.8 M Net working capital $1.0 M $4.1 M Stockholders’ equity $6.5 M $3.2 M

  9. Slide 9: lo lel conane

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MICT — Q2 2020 Earnings Presentation on 6ix