Tingo : Conference Call presentation Q2 2023

NASDAQ: TIO

A Diverse Fintech & Agri-Fintech Group

Making a Difference Delivering

Financial Inclusion and Food Security

Q2 2023 Financial Results Conference

Call

August 10, 2023

Second Quarter 2023 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, Inc. ("Tingo Group") and its affiliates, from time to time may contain, "forward- looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Tingo Group and its subsidiaries actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as guarantees or predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Tingo Group's expectations with respect to future performance.

The statements contained in this presentation that are not purely historical are forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking statements.

Most of these factors are outside of the control of Tingo Group and are difficult to predict. Factors that may cause such differences include but are not limited to: (1) the inability to obtain or maintain the listing of Tingo Group's common stock on Nasdaq; (2) the risk that the integration of the businesses of Tingo Mobile Limited ("Tingo Mobile"), Tingo Group and their affiliated companies with the historical business of Tingo Group disrupts the current plans and operations of Tingo Group; (3) the ability to recognize the anticipated benefits of the acquisitions of Tingo Mobile, Tingo Foods Plc ("Tingo Foods") and their affiliated companies, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; (4) changes in applicable laws or regulations; (5) the possibility that Tingo Group may be adversely affected by other economic, business, and/or competitive factors; and (6) the ability of Tingo Foods to recognize benefits associated with its partnership with Evtec Energy PLC, and other risks and uncertainties identified in the Tingo Group annual report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission ("SEC") on March 31, 2023, including those under "Risk Factors" therein, and in other filings with the SEC made by Tingo Group. The foregoing list of factors is not exclusive. Readers are referred to the most recent reports filed with the SEC by Tingo Group. Furthermore, such forward-looking statements speak only as of the date of this report. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any of our securities, nor shall there be any offer or sale of our securities in any jurisdiction in which such solicitation or sale would be unlawful prior to registration or qualification of our securities under the laws of any such jurisdiction.

This presentation contains a discussion of EBITDA, a non-GAAP measure. This measure as calculated by Tingo Group and as presented in this document may differ materially from similarly titled measures reported by other companies due to differences in the way these measures are calculated. Non-GAAP measures have important limitations as analytical tools and should not be considered in isolation from, or as a substitute for an analysis of, Tingo Group's operating results as reported under U.S. GAAP. A reconciliation of non-GAAP measures to GAAP financial measures is included elsewhere in this presentation.

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Second Quarter 2023 Financial Results Conference Call

Agenda

• Introduction and Recent Developments	Darren Mercer & Dozy Mmobuosi
• Product Timelines, Updates and Partnerships	Darren Mercer & Dozy Mmobuosi
• Financial Results	Kevin Chen
• Closing Summary and Q&A	Darren Mercer

Darren Mercer

Group CEO

• Founded Tingo Group's fintech & insurance businesses
• 15 years tech business in China
• Previously 20 years in investment banking at Henry Cook Lumsden and Albert E Sharp

Dozy Mmobuosi

Tingo Mobile & Tingo Foods

Founder

• Founded Tingo Mobile Limited
• Founded Tingo Foods PLC
• Launched Nigeria's 1st SMS Banking Solution
• Co-sponsorfor Africa Acquisition Corp Inc.

Kevin Chen

Group CFO

• Former CFO & Board Director at China Rapid Finance (NYSE:XRF)
• Audit Manager at Ernst & Young
• MBA, Kellogg School of Management at Northwestern
• AICPA, CMA

Q2 2023 Financial Results Conference Call

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Second Quarter 2023 Financial Results Conference Call

Corporate Overview

Following completion of the acquisition of Tingo Mobile on November 30, 2022, Tingo Group is a diverse Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East:

• Tingo Mobile is a leading fintech and agri-fintech business operating in Africa
• Tingo Foods processes crops into finished products from its large farming member base
• Tingo DMCC trades and exports agricultural commodities and finished food products
• TingoPay Super-App, currently in beta version, provides payment services and an e-wallet in partnership with Visa, together with a range of value-added services to customers, and merchant services to businesses
• MICT insurance and financial services fintech verticals have focused on Southeast Asia to date; currently being restructured and repositioned to best support the Tingo businesses
• Tingo Group has significant opportunities to expand internationally

Timeline

Key Highlights1

$977.2M	$346.0M
Q2 2023	Q2 2023
Revenue	Gross Profit
$181.7M	$283.1M
Q2 2023	Q2 2023
Operating Income	EBITDA2
$996.1M	$348.0M
Q2 Investment in mobile phones	Tingo DMCC Q2 revenues
for new customers and inventory	from export trades in first
payments for Tingo Foods and	two months of trading
Tingo DMCC

Fintech company providing a range of B2B and B2C proprietary platforms and technology in Southeast Asia

2020

Following the completion of extensive	MICT acquired 100% Tingo Foods PLC4,
due diligence through EY, Dentons etc.,	before subsequently changing name
MICT acquired 100% of Tingo Mobile Ltd3	MICT, Inc. (MICT) to Tingo Group, Inc.
Nov 30, 2022	Feb 9, 2023

(1)	Pro Forma Financial Information is estimated based on unaudited management accounts	(3) See Dec 1, 2022, press release and transaction structure in the attached Appendix
(2)	See EBITDA reconciliation on page 16. EBITDA is considered a non-GAAP measure of financial performance	(4) See Feb 9, 2023, press release in attached Appendix

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Second Quarter 2023 Financial Results Conference Call

Our Mission

Group Mission

Foster digital and financial inclusion through

technology platforms to drive social

and economic upliftment

Agri-Fintech 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 For Africa

Support Africa and its farmers to achieve

sustainable food self-sufficiency, bringing an end to

Africa's food insecurity and poverty

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