# EDGAR Filing Document

**Accession Number:** 0000854800
**File Stem:** 0001213900-23-024967
**Filing Date:** 2023-3
**Character Count:** 54549
**Document Hash:** 6ab4ab5e16343783879fb843aa327102
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-024967.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001213900-23-024967

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20230331

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tingo Group, Inc.
- **CENTRAL INDEX KEY:** 0000854800
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **IRS NUMBER:** 270016420
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35850
- **FILM NUMBER:** 23783266

**BUSINESS ADDRESS:**
- **STREET 1:** 28 WEST GRAND AVENUE, SUITE 3
- **CITY:** MONTVALE
- **STATE:** NJ
- **ZIP:** 07645
- **BUSINESS PHONE:** 201-225-0190

**MAIL ADDRESS:**
- **STREET 1:** 28 WEST GRAND AVENUE, SUITE 3
- **CITY:** MONTVALE
- **STATE:** NJ
- **ZIP:** 07645

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MICT, Inc.
- **DATE OF NAME CHANGE:** 20180716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MICRONET ENERTEC TECHNOLOGIES, INC.
- **DATE OF NAME CHANGE:** 20130318

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LAPIS TECHNOLOGIES INC
- **DATE OF NAME CHANGE:** 19890829

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **March 31, 2023**

**Tingo Group, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35850** | **27-0016420** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

**28 West Grand Avenue, Suite 3 Montvale, New Jersey 07645 (Address of principal executive offices) (Zip Code)**

Registrant's telephone number, including area code: **(201) 225-0190**

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Title of each class | Trading symbol | Name of exchange on which registered |
| &nbsp;&nbsp;&nbsp;**Common Stock, par value $0.001 per share** | **TIO** | **The NASDAQ Capital Market** |

---

**Item 2.02 Results of Operations and Financial Condition.**

On March 31, 2023, Tingo Group, Inc. (NASDAQ: TIO) (the "Company"), issued a press release (the "Press Release") announcing its financial results and operational highlights for the fourth quarter and year ended December 31, 2022, and other financial information.

**Item 7.01 Regulation FD Disclosure.**

On March 31, 2023, the Company posted to its website a presentation (the "Presentation") containing its financial results for the year ended December 31, 2022. The Company also held an investor conference call discussing the financial results for the year ended December 31, 2022.

The full text of the Press Release and the Presentation are furnished as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K and are incorporated herein by reference.

In accordance with the General Instruction B.2 of Form 8-K the information furnished pursuant to this Item in this Current Report on Form 8-K (including Exhibits 99.1 and 99.2) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press release, dated March 31, 2023](ea176069ex99-1_tingogroup.htm) |
| 99.2 | [Presentation dated March 31, 2023](ea176069ex99-2_tingogroup.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: March 31, 2023 | **TINGO GROUP, INC.** | **TINGO GROUP, INC.** | **TINGO GROUP, INC.** |
|  | By: | /s/ Darren Mercer | /s/ Darren Mercer |
|  |  | Name: | Darren Mercer |
|  |  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Fintech and Agri-Fintech Company, Tingo Group, Inc., Reports Full Year 2022 Financial Results**

*Acquisition of 100% of Tingo Mobile Completed on November 30, 2022,<br> making the Company significantly profitable from December 1, 2022*

 

*Company's Integration with Tingo Mobile saw a Significant Acceleration in<br> Growth of the Combined Group During Q4 2022, with the Signing of Major<br> New Trade Partnerships, International Expansion and Launch of Several<br> Significant New Products and Businesses* 

 

*Acquisition of Tingo Foods Plc Completed on February 7, 2023*

 

*Name Change to Tingo Group, Inc. Reflects Importance of Tingo Brand and<br> the Company's Focus on Leveraging its Significant Market Presence* 

 

**MONTVALE, NJ – March 31, 2023 –** Tingo Group, Inc. (NASDAQ: TIO) ("Tingo" or the "Company") today announced its financial results for the fiscal year ended December 31, 2022.

The acquisition of 100% of Tingo Mobile Limited ("Tingo Mobile"), which was completed on November 30, 2022, has resulted in the consolidation of its financial results into the Company from December 1, 2022. Today's earnings presentation and this press release also includes pro forma financial information for the full year ended December 31, 2022, with comparative pro forma financial information for the year ended December 31, 2021, so as to provide shareholders with a fuller understanding of the performance and growth of the acquisition and its expected impact on the Company.

**Highlights & Recent Developments**

**Financial Results**

● Tingo Group cash balances at December 31, 2022, amounted to $500.3 million, compared to $96.6 million at December 31, 2021.

● Net revenues of Tingo Group for 2022 (including Tingo Mobile for one month only from December 1, 2022) were $146.0 million, compared to $55.7 million in 2021.

● Pro Forma Consolidated Revenues for 2022 were $1.152 billion, compared to $921.5 million for the prior year, which after stripping out non-recurring mobile handset sales in 2021 of $301.0 million, represented an increase of 85.5%.

● Tingo Mobile's Handset Leasing Revenues for 2022 were $476.3 million, up 50.3% on 2021 revenues of $316.9 million.

● Nwassa Agri Fintech platform revenues for 2022 were $532.2 million, up 168.0% on 2021 revenues of $198.6 million.

● Operating loss of Tingo Group for 2022 (including Tingo Mobile for one month only from December 1, 2022) was $11.8 million, after accounting for non-recurring transaction expenses of $9.6 million and share based payments of $6.6 million, which if added back would result in an operating profit of $4.3 million, compared to a loss of $37.9 million for 2021.

● Pro Forma Consolidated Operating Income for 2022 was $554.6 million, compared to a loss of $47.0 million in 2021.

● Pro Forma Consolidated EBITDA<sup>1</sup> for 2022 was $954.5 million, compared to a Pro Forma Consolidated EBITDA<sup>1</sup> of $275.6 million for 2021.

● Tingo Mobile increased the customer numbers on its Nwassa Agri Fintech platform to 11.4 million at December 31, 2022, from 9.3 million at September 30, 2022, and handled more than $1 billion of customer transactions in the month of December.

 

**Operational Milestones**

● Signed major trade partnership with the All Farmers Association of Nigeria ("AFAN") on October 20, 2022, which launched ahead of schedule on November 16 2022, and includes commitment to enroll a minimum of 20 million new customers with Tingo Mobile.

● Launched operations in Ghana on November 10, 2022, and signed a landmark trade deal with the Kingdom of Ashanti covering major agricultural and cocoa farming region, including a commitment to enroll a minimum of 2 million new customers with Tingo Mobile and a target to increase enrollments to more than 4 million.

● Launched global commodity platform and export business on December 12, 2022, in partnership with the Dubai Multi Commodities Centre ("DMCC"), the world's no.1 free trade zone, with the aim of generating a substantial increase in sales demand for the crops produced by Tingo Mobile's farmers.

● Launched in Malawi on December 14, 2022, representing a sizeable market in its own right, and also constituting a strategically important base from which to expand into East Africa, including the neighbouring countries of Tanzania, Zambia and Mozambique.

● Acquired 100% ownership of Tingo Foods Plc on February 9, 2023, a recently established food processing business with the capacity to offtake large volumes of raw crops from Tingo Mobile's farmers into finished food and beverage products. Since its inception in September 2022, Tingo Foods generated more than $400 million of highly profitable revenues during the four months ended December 31, 2022.

● Tingo Foods, through a joint venture, has recently committed to fit-out and operate a $1.6 billion state of the art food processing facility in the Delta State of Nigeria, which is believed to be the largest of its kind on the African continent, and is expected to multiply the company's food processing capacity, as well as expand its range of food and beverage products.

● Launched the TingoPay Super App and a pan-African partnership with Visa on February 14, 2023, which once fully rolled out will offer retail customers an integrated digital Visa card, together with payments services, an e-wallet, and a wide range of value-added services. TingoPay, with Visa, will also offer a full range of merchant services to businesses, including to Tingo Mobile's farmers.

● Appointed specialist legal counsel and a team of expert advisors in February 2023 to investigate market manipulation and unlawful naked short selling of stock, and take appropriate action to prosecute any parties that have perpetrated illegal activity, and protect the Company from any such action in the future.

● A special dividend plan and share buyback program are being considered as possible means of increasing shareholder value and to address the significant disconnect between the Company's share price and its real value (in line with valuation multiples applied to other comparable Nasdaq listed companies).

**Darren Mercer, MICT's Chief Executive Officer, commented,** "I am delighted with the remarkable transformation that we achieved in 2022. At the beginning of the year, we were faced with the backdrop of huge disruption in our domestic markets of China and Hong Kong, due to widespread Covid lockdown measures, and a significant downturn in the global financial services sector, in response to which we pivoted the Company both geographically and strategically, and acquired a business that is not only growing strongly but is also addressing some of the world's biggest problems, namely food insecurity, financial exclusion and poverty. I feel privileged to be involved with Tingo and have acquired a business whose success is aligned with improving global food supply, and also with helping Africa and other emerging markets to become food sustainable.

<sup>1</sup> *EBITDA (Earnings Before Interest Tax Depreciation and Amortization) is considered a non-GAAP measure of financial performance)*

"Our focus for much of 2022 was on completing and integrating our acquisition. After completing extensive due diligence and analysis on Tingo Mobile with a first-class team of globally renown advisors, including Ernst & Young, Dentons and Houlihan Lokey, before then restructuring the transaction so as to expedite its completion, and improve the terms for our shareholders, we were delighted to close the transaction to combine the companies before year end. This has considerably strengthened our balance sheet at December 31, 2022, resulting in gross assets of $1.7 billion, of which more than $0.5 billion is cash on hand. In addition, by closing the acquisition in 2022, we were able to engage one of the world's leading accounting and audit firms, Deloitte, to audit the combined December 31, 2022, balance sheet and financial statements. It also gave us the opportunity to engage Grant Thornton to undertake an audit and Sarbanes-Oxley review of the group's internal controls and procedures.

"I am also delighted with the progress we made with integrating Tingo Mobile into the group during Q4 2022, and in accelerating the expansion of the various businesses. As announced previously, since November 2022 we have signed trade partnerships that are expected to triple Tingo Mobile's customers by the end of 2023, in addition to expanding our operations into three new countries, launching two new businesses, namely Tingo DMCC and TingoPay, and acquired the highly profitable Tingo Foods business. These significant developments, and their impact in terms of closing the end-to-end seed-to-sale ecosystem, puts us into a very strong position for 2023 and beyond.

"The financial results for Tingo Mobile, and the pro forma consolidated financial information for the group, speak for themselves. Highlights in the pro forma income statement include the 200% growth in gross profit in 2022 to $675 million, and a move from a Net Income Before Tax loss of $47 million in 2021 to a Net Income Before Tax surplus of more than $550 million in 2022. Additionally, we have experienced material growth during the first quarter of 2023, and we expect such growth to continue and accelerate throughout the remainder of the year and beyond.

"Having successfully integrated Tingo Mobile into the group and completed an audit with a world leading accounting firm, we look forward to finally addressing the significant disconnect in our share price and attract a valuation that is reflective of our consolidated earnings. With more than $500 million of cash on our balance sheet, and the launch of the largest food processing plant in Africa set to take place next year, we have an increasing number of options available to us to overcome the share price disconnect. As we continue to evaluate and consider all the options, together with our overall strategy for maximizing shareholder value, we will keep the market apprised and I hope to provide a further update in the coming weeks."

**Dozy Mmobuosi, Founder & CEO of Tingo Mobile and Tingo Foods, added**: "My colleagues and I at Tingo Mobile and Tingo Foods are delighted that we now part of Tingo Group. The completion of the merger on November 30, 2022, represented a major milestone in the history of Tingo Mobile, which my father and I founded some 22 years ago. We are already seeing the benefits of the synergies in the group, and of being part of a Nasdaq listed company, and our shareholders will have noted the considerable progress we have made since the fourth quarter of 2022, with the acceleration of our growth plans and globalization and dollarization strategies.

"We are particularly excited about the completion of the virtuous circle of our agri-fintech eco-system, where we can now deliver on, and profit from, every part of the journey from seed-to-sale. We are also very excited about our diversification, both geographically, including within my home continent of Africa, as well as into other parts of the world and into other sectors, for example, through our B2C and B2B TingoPay business and partnership with Visa.

"As we deliver on our success for the Company and its shareholders, it is of the highest importance to me and the Board of Tingo Group that we equally deliver on our mission and our Environment Social and Governance ("ESG") goals, as we continue to strive to meaningfully improve global food security and financial inclusion, and also to deliver social and financial upliftment to our customers and, very importantly to me, help make Africa food sustainable.

"With the major steps we have taken in recent months to capitalize on our merger and the Company's Nasdaq listing, we are confident we can build significantly on the revenue and earnings growth we achieved in 2022 and deliver considerable value to our shareholders."

**2022 Financial Review**

● Net revenues for the year ended December 31, 2022, were $146.0 million, compared to $55.7 million in the prior year, an increase of 162%. The increase is mainly attributable to the consolidation of Tingo Mobile from December 1, 2022.

● Gross profit for the full year 2022 was $64.8 million, or 44% of revenues, compared to $9.2 million, or 16% of revenues, in the prior year. The increase is mainly attributable to the consolidation of Tingo Mobile for the month of December, as well as to the growth in the margins of the Company's insurance agency business.

● Selling & marketing expenses for the year ended December 31, 2022, were $11.1 million as compared to $6.8 million for the year ended December 31, 2021. The increase was due to the consolidation of such costs from Tingo Mobile for the month of December, and an increase in marketing expenses for the Company's insurance businesses, which is offset in part by a decrease in marketing expenses for the stock trading businesses.

● General and administrative expenses were $58.2 million in the full year 2022, compared to $36.5 million in the full year 2021, which is mainly attributed to the consolidation of such costs from Tingo Mobile for the month of December. General and administrative expenses for the year included $9.6 million of non-recurring transaction expenses and share based payments totalling $6.6 million, representing a decrease in share-based payments of $4.7 million compared to the previous year.

● Operating loss for the for the year ended December 31, 2022, was $11.8 million versus a loss of $37.9 million for the prior year. The decrease in loss from operations is mainly attributable to the consolidation of the profitable operations of Tingo Mobile for the month of December.

● Net loss for the year ended December 31, 2022, was $47.1 million compared to $36.4 million for the year ended December 31, 2021, mainly as a result of an increase in tax expenses relating to the acquisition and consolidation of Tingo Mobile.

● As of December 31, 2022, the Company's cash and cash equivalents on a consolidated basis was approximately $500.3 million, compared to $96.6 million at December 31, 2021. This reflects an increase of $403.7 million in cash and cash equivalents, which is attributable to the consolidation of Tingo Mobile's cash balance into the Company.

**Fourth Quarter and Full Year 2022 Results Conference Call**

Tingo Group CEO, Darren Mercer, Tingo Mobile and Tingo Foods Founder & CEO, Dozy Mmobuosi, and Tingo Group CFO, Kevin Chen, will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company's website here.

Questions for the question-and-answer period will be accepted leading up to the call and can be submitted to TIO@mzgroup.us.

To access the call, please use the following information:

---

| | |
|:---|:---|
| **Date**: | Friday March 31, 2023 |
| **Time:** | 8:00 a.m. Eastern time (5:00 a.m. Pacific time) |
| **Dial-in:** | 1-877-704-4453 |
| **International Dial-in**: | 1-201-389-0920 |
| **Conference Code:** | 13737364 |
| **Webcast**: | https://viavid.webcasts.com/starthere.jsp?ei=1605988&tp_key=7a46dc5efb |

---

A telephone replay will be available approximately two hours after the call and will run through April 30, 2023, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13737364. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available in the company's investor relations section here.

**About Tingo Group**

Tingo Group, Inc. (NASDAQ: TIO) is a global Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East. Tingo Group's wholly owned subsidiary, Tingo Mobile, is the leading Agri-Fintech company operating in Africa, with a comprehensive portfolio of innovative products, including a 'device as a service' smartphone and pre-loaded platform product. As part of its globalization strategy, Tingo Mobile has recently begun to expand internationally and entered into trade partnerships that are contracted to increase the number of subscribed farmers from 9.3 million in 2022 to more than 32 million, providing them with access to services including, among others, the Nwassa 'seed-to-sale' marketplace platform, insurance, micro-finance, and mobile phone and data top-up. Tingo Group's other Tingo business verticals include: TingoPay, a SuperApp in partnership with Visa that offers a wide range of B2C and B2B services including payment services, an e-wallet, foreign exchange and merchant services; Tingo Foods, a food processing business that processes raw foods into finished products such as rice, pasta and noodles; and Tingo DMCC, a commodity trading platform and agricultural commodities export business based out of the Dubai Multi Commodities Center. In addition to its Tingo business verticals, Tingo Group also holds and operates an insurance brokerage platform business in China, with 130+ offices located in China's cities and major towns; and Magpie Securities, a regulated finance services Fintech business operating out of Hong Kong and Singapore. For more information visit tingogroup.com.

**Disclaimer**

The information in this news release includes certain information and statements about management and the Board's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the ability of the Company to implement certain corporate actions, such as security repurchases and the implementation of a special dividend, the expected financial performance of the Company, including Tingo Mobile's performance, the ability of the Company to recognize benefits associated with its recent acquisitions, the Company's anticipated future growth strategy, including the expansion of its customer base and operations, and the ability of the Company to close the end-to-end seed-to-sale ecosystem. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

**Investor Relations Contact**

Chris Tyson/Larry Holub****<br> 949-491-8235****<br> TIO@mzgroup.us****<br> www.mzgroup.us

**Tingo Group Contact Information**<br> Email: info@tingogroup.com <br> Phone: (201) 225-0190

**TINGO GROUP, Inc.**

**CONSOLIDATED BALANCE SHEETS**

**(In Thousands, except Share and Par Value Data)**

---

| | | |
|:---|:---|:---|
|  | **December 31,<br> 2022** | **December 31,<br> 2021** |
| **ASSETS** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $500316 | $96619 \* |
| &nbsp;&nbsp;&nbsp;Trade accounts receivable, net | 11541 | 17879 |
| &nbsp;&nbsp;&nbsp;Related party receivables | 13491 | 5134 |
| &nbsp;&nbsp;&nbsp;Other current assets | 5828 | 7865 \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | 531176 | 127497 |
| Property and equipment, net | 855125 | 677 |
| Intangible assets, net | 185407 | 21442 |
| Goodwill | 101247 | 19788 |
| Right of use assets under operating lease | 2260 | 1921 |
| Long-term deposit and other non-current assets | 514 | 824 |
| Deferred tax assets | 3661 | 1764 |
| Restricted cash escrow | 2233 | 2417 |
| Micronet Ltd. equity method investment | 735 | 1481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total long-term assets** | 1151182 | 50314 |
| **Total assets** | $1682358 | $177811 |

---

**TINGO GROUP, Inc.**

**CONSOLIDATED BALANCE SHEETS**

**(In Thousands, except Share and Par Value Data)**

---

| | | |
|:---|:---|:---|
|  | **December 31,<br> 2022** | **December 31,<br> 2021** |
| **LIABILITIES TEMPORARY EQUITY AND EQUITY** | | |
| Short-term loan | $460 | $1657 |
| Trade accounts payable | 11092 | 14416 |
| Deposit held on behalf of clients | 2528 | 3101 |
| Related party payables | 57506 | 4 |
| Current operating lease liability | 1215 | 1298 |
| Other current liabilities | 192594 | 4914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | 265395 | 25390 |
| Long term loan | 377 |  |
| Long term operating lease liability | 905 | 691 |
| Deferred tax liabilities | 89597 | 3952 |
| Accrued severance pay | 50 | 56 |
| **Total long-term liabilities** | 90929 | 4699 |
| **Commitment and Contingencies (Note 18)** |  |  |
| **Temporary equity** |  |  |
| Preferred stock Series B subject to redemption: $0.001 par value, 33,687.21 shares authorized and 0 shares issued and outstanding as of December 31, 2022 and 2021, respectively. | 553035 |  |
| Stockholders' Equity: |  |  |
| Preferred stock Series A: $0.001 par value, 2,604.28 shares authorized and 0 shares issued and outstanding as of December 31, 2022 and 2021, respectively. | 3 |  |
| Common stock; $0.001 par value, 425,000,000 shares authorized, 157,599,882 and 122,435,576 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively | 158 | 122 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | 889579 | 220786 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | 4367 | (414) |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (123463) | (76394) |
| &nbsp;&nbsp;&nbsp;TINGO GROUP, Inc. stockholders' equity | 770644 | 144100 |
| Non-controlling interests | 2355 | 3622 |
| **Total stockholders' equity** | 772999 | 147722 |
| **Total liabilities, temporary equity and stockholders' equity** | $1682358 | $177811 |

---

**TINGO GROUP, Inc.**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**(In Thousands, Except Share and Loss Per Share Data)**

---

| | | |
|:---|:---|:---|
|  | **Year ended December 31,** | **Year ended December 31,** |
|  | **2022** | **2021** |
| Revenues | $146035 | $55676 |
| Cost of revenues | 81243 | 46456 |
| &nbsp;&nbsp;&nbsp;Gross profit | 64792 | 9220 |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;Research and development | 1689 | 889 |
| &nbsp;&nbsp;&nbsp;Selling and marketing | 11140 | 6814 |
| &nbsp;&nbsp;&nbsp;General and administrative | 58165 | 36488 |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 5590 | 2925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 76584 | 47116 |
| &nbsp;&nbsp;&nbsp;Loss from operations | (11792) | (37896) |
| Equity in net loss of Micronet |  | (1934) |
| Loss from decrease in holding percentage in former VIE |  | (1128) |
| Other income, net | 2151 | 1261 |
| Finance income (expense), net | (750) | 395 |
| Loss before income tax expense (benefit) | (10391) | (39302) |
| Income tax expense (benefit) | 37474 | (1791) |
| Net loss after provision for income taxes | (47865) | (37511) |
| Gain (loss) from equity investment | (746) | 353 |
| Net loss | (48611) | (37158) |
| Net loss attributable to non-controlling stockholders | (1542) | (730) |
| Net loss attributable to TINGO GROUP | $(47069) | $(36428) |
| Loss per share attributable to TINGO GROUP: |  |  |
| Basic and diluted loss per share | $(0.36) | $(0.32) |
| Weighted average common shares outstanding: |  |  |
| Basic and diluted | 129345764 | 112562199 |

---

**Non-GAAP Financial Measures**

In addition to providing financial measurements based on generally accepted accounting principles in the U.S., or GAAP, we provide additional financial metrics that are not prepared in accordance with GAAP, or non-GAAP financial measures. Management uses non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial performance.

Management believes that these non-GAAP financial measures reflect our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in our business, as they exclude expenses and gains that are not reflective of our ongoing operating results. Management also believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating our operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies.

The non-GAAP financial measures do not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP.

The non-GAAP adjustments, and the basis for excluding them from non-GAAP financial measures, are outlined below:

● **Amortization of acquired intangible assets** - We are required to amortize the intangible assets, included in our GAAP financial statements, related to the Transaction and the Acquisition. The amount of an acquisition's purchase price allocated to intangible assets and term of its related amortization are unique to these transactions. The amortization of acquired intangible assets are non-cash charges. We believe that such charges do not reflect our operational performance. Therefore, we exclude amortization of acquired intangible assets to provide investors with a consistent basis for comparing pre- and post-transaction operating results.

● **Stock-based compensation is** share based awards granted to certain individuals. They are non-cash and affected by our historical stock prices which are irrelevant to forward-looking analyses and are not necessarily linked to our operational performance.

● **Expenses related to the purchase of a business** - These expenses relate directly to the purchase of the Tingo Mobile transaction and consist mainly of legal and accounting fees, insurance fees and other consultants. We believe that these expenses do not reflect our operational performance. Therefore, we exclude them to provide investors with a consistent basis for comparing pre- and post-Mobile Business purchase operating results.

● **Expenses related to settlement agreement** - These expenses relate directly to the settlement agreement with Maxim and Sunrise. More information can be found in the legal proceeding part.

The following table reconciles, for the periods presented, GAAP net loss attributable to TINGO GROUP to non-GAAP net income attributable to TINGO GROUP. and GAAP loss per diluted share attributable to TINGO GROUP to non-GAAP net loss per diluted share attributable to TINGO GROUP.:

---

| | | |
|:---|:---|:---|
|  | **Year ended<br> December 31,** | **Year ended<br> December 31,** |
|  | **(Dollars in Thousands,<br> other than share and<br> per share amounts)** | **(Dollars in Thousands,<br> other than share and<br> per share amounts)** |
|  | **2022** | **2021** |
| GAAP net loss attributable to TINGO GROUP, Inc. | $(47069) | $(36428) |
| Amortization of acquired intangible assets | 5590 | 2925 |
| Stock-based compensation | 6615 | 10580 |
| Expenses related to purchase of a business | 9574 |  |
| One time expenses relates to settlement agreement | 143 | 303 |
| Income tax effect of above non-GAAP adjustments | (1543) | (773) |
| Total Non-GAAP net loss attributable to TINGO GROUP, Inc. | $(26690) | $(23393) |
| Non-GAAP net loss per diluted share attributable to TINGO GROUP, Inc. | $(0.21) | $(0.20) |
| Weighted average common shares outstanding used in per share calculations | 129345764 | 112562199 |
| GAAP net loss per diluted share attributable to TINGO GROUP, Inc. | $(0.36) | $(0.32) |
| Weighted average common shares outstanding used in per share calculations | 129345764 | 112562199 |

---

## Exhibit 99.2

**Exhibit 99.2**

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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

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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, "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 report that are not purely historical are forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E 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 business of Tingo Mobile and its affiliated companies with the historical business of Tingo Group disrupts current plans and operations of Tingo Group ; (3) the ability to recognize the anticipated benefits of the acquisition of Tingo Mobile and its 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 impact of the global COVID - 19 pandemic on any of the foregoing risks 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 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 .

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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 Tingo Mobile and Tingo Foods Founder & CEO Group CFO • 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 • Founded Tingo Mobile PLC • Founded Tingo Foods PLC • Launched Nigeria's 1st SMS Banking Solution • Co - sponsor for Africa Acquisition Corp Inc. • Former CFO & Board Director at China Rapid Finance (NYSE:XRF) • Audit Manager at Ernst & Young • MBA, Kellogg School of Management at Northwestern • AICPA, CMA Darren Mercer Dozy Mmobuosi Kevin Chen Darren Mercer Fiscal Year 2022 Financial Results Conference Call

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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 Dec 1, 2022 press release and transaction structure in the attached Appendix (3) See Feb 9, 2023 press release in the attached Appendix 2020 2021 Q4 2022 & Q1 2023 Fintech company providing a range of B2B and B2C proprietary platforms and technology in Southeast Asia Following completion of 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 operates a commodities trading platform and commodity export business • TingoPay Super - App , in partnership with Visa, provides payment services, e - wallet and a range of value - added services to customers, and merchant services to businesses • MICT insurance and financial services fintech verticals currently focus on Southeast Asia • Group has significant opportunities to expand internationally Key Highlights 1 $1.15B $674.6M 2022 Pro Forma Revenue 2022 Pro Forma Gross Profit $555.5M $12.7B 2022 Pro Forma Income Before Tax Annualized Dec 2022 Transaction Value on Nwassa Agri Fintech Platform $500.3M 11.4M Cash Balance at Dec 31, 2022 Nwassa Agri Fintech Platform Customers at Dec 31, 2022 4 Initiated acquisition strategy to accelerate growth, utilize strong balance sheet, and leverage platforms, technology and infrastructure Fiscal Year 2022 Financial Results Conference Call

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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 Foster digital and financial inclusion through technology platforms to drive social and economic upliftment 5 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 Fiscal Year 2022 Financial Results Conference Call

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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, Houlihan Lokey and Ellenoff Grossman & Schole • Merger, which was updated to enable the expedited acquisition of 100% of Tingo, Inc.'s operations and assets (Tingo Mobile) and improve the terms for MICT, was completed on November 30, 2022 • Geographical expansion of Tingo Mobile in Q4 2022 - Ghana, Malawi/East Africa, Dubai • Launched Tingo DMCC commodities trading platform & export business in Q4 2022 • Launched beta version of TingoPay Super App and Visa Partnership in Q4 2022 • Pivot strategy for MICT insurance and fintech verticals commenced Q1 2023 • Tingo Foods acquired in Q1 2023, with aim of building the largest food processing facility in Africa

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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 Association of Nigeria trade partnership, with commitment to increase customer numbers from 9.3M to ~30.0M • Q4 2022 – Expanded into Ghana with Kingdom of Ashanti trade partnership, with commitment to enroll >2.0M new customers • Q4 2022 – Expanded into Malawi - progressing several trade partnerships and establishing base to roll - out across East Africa • Further expansion planned for Africa, Asia and other relevant markets in the world • Tingo Foods and Tingo DMCC expansion to increase offtake and demand for produce from Tingo Mobile farmers

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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 commodities, including: Crops from Tingo Mobile's farmers - such as wheat, millet, cassava, ginger, cashew nuts, cocoa and cotton Finished food and beverage products from Tingo Foods – such as rice, noodles, pasta, cooking oils, coffee, tea and chocolate • DMCC is a leading center of international trade and the World's No.1 Free Trade Zone • Through access to Nigeria's 60M farmers, including AFAN's 20M+ farmers, and the farmers of Ghana, Malawi, and other territories, Tingo has access to several billion dollars per annum of agricultural produce for export • Tingo DMCC dollarizes and globalizes Tingo Group, while giving Tingo Mobile's farmers and Tingo Foods direct access to international markets • Creates a win - win - win situation – improving world food supply; delivering fair prices and empowerment to farmers; and generating substantial high - margin revenues to Tingo DMCC and the wider Tingo Group

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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 Tingo Group from Feb 9, 2023 • Set to multiply capacity and revenue with new state - of - the - art $1.6 billion food processing facility in Delta State of Nigeria – scheduled to open early 2H 2024 • Africa's farmers and agricultural sector to benefit from significant expansion of the Continent's own processing capabilities – increasing crop demand, giving farmers higher prices and delivering financial upliftment • Expected to deliver: (i) material reduction in farmers' post - harvest losses; (ii) significant improvement in world's food security; and (iii) considerable environmental benefits – reducing freight miles, improving production efficiency, reducing food wastage, powered exclusively by renewable energy and reducing carbon footprint Partnership with Evtec Energy PLC to build $150M 110MW Solar Plant, set to achieve net zero carbon emissions and reduced energy costs. A key part of the Tingo Group eco - system from Seed to Sale Creating significant demand and offtake for Tingo Mobile's Farmers + Creating significant supply for Tingo's commodity trading and export business

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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 through Pan - Africa partnership with Visa, followed by Asia and other Emerging Markets Visa payment services and digital Visa card embedded within the TingoPay SuperApp. Pan - Africa Visa partnership includes marketing and customer acquisition support TingoPay SuperApp offers full range of e - wallet, payment services, marketplace, e - commerce, insurances and finance to customers • TingoPay business portal and Tingo Visa merchant services enable farmers and businesses in all sectors to easily and securely receive payment • Aims to deliver e - wallet and digital payment services to Tingo Mobile's existing customer base plus Pan - Africa rollout, then Asia and beyond Diversifies and expands Tingo Group into new markets – B2C and B2B

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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 produce into finished food products Wholesale and Export of Foods and Commodity Trading

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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 security crisis by e mpowering the farmer - increasing crop yields; reducing post harvest losses; improving access to markets, and; delivering fairer prices • Delivering significant environmental benefits – reducing crop wastage; improving farming and food production efficiency; promoting sustainable farming techniques; reducing freight miles • Adopting a mature ESG framework underpinned and guided by the United Nations' Sustainable Development Goals 12 Fiscal Year 2022 Financial Results Conference Call

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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 million (excluding Tingo Mobile for 11 months to ended November 30 , 2022), compared to $55 . 7 million in the prior year, an increase of 162 % , which was mainly attributed to the consolidation of 1 - month revenue of Tingo Mobile . • Operating loss of Tingo Group for 2022 was $11 . 8 million, versus a loss of $37 . 9 million for the prior year, after accounting for non - recurring transaction expenses of $9 . 6 million and share based payments of $6 . 6 million . • Pro Forma Consolidated Revenues of the Group for 2022 were $1 . 15 billion, compared to $0 . 92 billion for the prior year, which after stripping out non - recurring mobile handset sales in 2021 of $0 . 3 billion, represented an increase of 85 . 5 % . • Tingo Mobile's Handset Leasing Revenues for 2022 were $476 . 3 million, up 50 . 3 % on prior year revenues of $316 . 9 million . • Nwassa Agri Fintech platform revenues for 2022 were $532 . 2 million, up 168 . 0 % on prior year revenues of $198 . 6 million . • Pro Forma EBITDA 1 for 2022 was $954 . 5 million and Net Income Before Tax for was $555 . 5 million, compared to Pro Forma EBITDA 1 of $275 . 6 million and a Net Loss Before Tax of $47 . 7 million for the prior year . • Tingo Group cash balances at December 31 , 2022 , amounted to $500 . 3 million, compared to $96 . 6 million at December 31 , 2021 . 1 EBITA is considered a non - GAAP measure of financial performance

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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 Nwassa - Airtime 45.5% 14.7 10.1 - Brokerage on loans 1,043.4% 26.3 2.3 - Insurance 78.5% 25.7 14.4 - Trading of agricultural produce 239.4% 273.9 80.7 - Utility bill payment 110.3% 191.6 91.1 168.0% 532.2 198.6 MICT Insurance and Financial Services 3.2% 57.5 55.7 Total Revenue $1,151.6 $921.5 Revenue Analysis

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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 / (Loss) Before Tax 555.5 (47.7) Net Income / (Loss) 338.3 (128.9) Cash at December 31, 2022 $500.3 $223.3 Income Statement 1 EBITDA is considered a non - GAAP measure of financial performance

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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 Convertible Preferred Stock 553.0 - Total equity 773.0 147.7

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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 Selling and marketing 11,140 6,814 General and administrative 58,165 36,488 Amortization of intangible assets 5,590 2,925 Total operating expenses 76,584 47,116 Loss from operations (11,792) (37,896) (Loss) gain of controlling equity investment held in Micronet - (1,934) Loss from decrease in holding percentage in former VIE - (1,128) Other income, net 2,151 1,261 Finance income (expense), net (750) 395 Loss before provision for income taxes (10,391) (39,302) Income tax expense (benefit) 37,474 (1,791) Net loss after provision for income taxes (47,865) (37,511) Gain (loss) from equity investment (746) 353 Net loss (48,611) (37,158) Net loss attributable to non - controlling stockholders (1,542) (730) Net loss attributable to TINGO GROUP $(47,069) $(36,428) Loss per share attributable to TINGO GROUP: Basic and diluted loss per share $(0.36) $(0.32) Weighted average common shares outstanding: Basic and diluted 129,345,764 112,562,199

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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 sticky revenue model, with low customer acquisition cost and low attrition • Full Agri and Food Ecosystem from Seed to Sale • Making a difference addressing global food shortage & food security crises; and a benefactor of price inflation • Visa x Tingo partnership and TingoPay SuperApp expands Tingo into new B2C and B2B markets • Proven proprietary fintech platforms, replicable in new geographical markets and new sectors • Vast addressable global market • Significant ESG impact 18 Fiscal Year 2022 Financial Results Conference Call

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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