Slide 1: MICT, Inc. A New Direction Fintech: Q2-21 Earnings Presentation
MICT, Inc. A NEW DIRECTION FINTECH MICT (Nasdaq Capital Markets) www.mict - inc.com Q2 - 21 Earnings Presentation 1
Slide 2: Safe Harbor Statements
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 uncertainties materialize or if any of the assumptions proves incorrect,
Slide 3: Q2-21 Accomplishments
Q2 - 21 Accomplishments » Insurance brokerage revenue increased 50% Q/Q in Q2, $12.3 million versus $8.2 million, driven entirely from growth in B2B sales » Total revenues up 38% over Q1 » Stock trading app, Magpie, in final stages of testing and set for full launch in mid - September 2021 » Commodi
Slide 4: Second Quarter At A Glance
Second Quarter At A Glance Q2 - 21 vs. Q1 - 21 Q2 - 21 Q1 - 21 ▪ $12.3M Revenue, all from B2B insurance business ▪ $8.9M Revenue, of which $8.2m from B2B insurance business ▪ Insurance brokerage revenues grew by 50 % over Q 1 , aided by acquisition of nationwide license throughout China ▪ Secured Ch
Slide 5: Fintech: Insurance Business
Fintech: Insurance Business Strategy to date to sign large number of brokers, aiming to achieve critical mass then migrate customers to high margin B2C » Generated $12.3 million of revenues from insurance division in Q2, up 50% Q over Q » Nationwide license enables us to sell a full range of insuran
Slide 6: Fintech: Stock Trading Business
Fintech: Stock Trading Business Full launch of Magpie stock trading app set for mid - September » Chose to build own proprietary platform and technology rather than licensing from third party » Customers have greater access to more financial markets; a wider range of stocks; more market data; enhanc
Slide 7: Fintech: Oil and Gas Commodities
Fintech: Oil and Gas Commodities Launching commodities trading platform by end of September » Expected initial launch by end of September » Already commenced customer acquisition from clients of Shanghai Petroleum and Natural Gas Trading Center (account for approximately 20 % of China’s oil and gas
Slide 8: Micronet: Recent Developments
Micronet: Recent Developments » Ownership of Micronet was reduced from approximately 50.3% at March 31, 2021 to approximately 37% at June 30, 2021 » Currently below 50% ownership – no longer required to consolidate within MICT P&L » Accounted for using equity method, as long - term investment with v
Slide 9: First Half Accomplishments vs. Second Half Targets
First Half Accomplishments vs. Second Half Targets First Half Second Half ▪ $21.3M revenue, primarily from new B2B insurance broker segment, up 50% in Q2 Q/Q ▪ Continued rapid growth in insurance segment, leveraging nationwide insurance license and securing local licenses to enable accelerated sales
Slide 10: MICT Q2 2021 Results
MICT Q2 2021 Results » Total revenue in the second quarter of 2021 was $12.3M versus $8.9M in Q1, up 38% » Gross profit of $0.7M in Q2 2021 versus $1.9M in Q1 2021, margin reduction due to incentives used to attract critical mass of new brokers/customers, set to recover in H2 2021 » Research and dev
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights In $000's As 6/30/2021 of 12/31/2020 Cash, cash equivalents and restricted cash $ 114,183 $ 29,049 Total current assets $ 133,779 $ 33,680 Total assets $ 177,624 $ 77,733 Total current liabilities $ 15,287 $ 6,987 Total long - term liabilities $ 6,577 $ 5,050 Total equity $
Slide 12: Income Statement Results
Income Statement Results MICT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (USD In 000’s, Except Share and Earnings Per Share Data) - Unaudited 12
Slide 13: Q2-21 Non-GAAP Financial Measures
Q2 - 21 Non - GAAP Financial Measures Six months ended June 30, (Dollars in Thousands, other than share and per share amounts) 2021 2020 GAAP net loss attributable to MICT, Inc. $ (22,857) $ (1,408) Amortization of acquired intangible assets 1,568 - Expenses related to settlement agreements 532 - Op
Slide 14: MICT, Inc. Always in Front
MICT, Inc. Always in Front MICT (Nasdaq Capital Markets) www.mict - inc.com 14