IDEX - Earnings call transcript Q4 2018

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Greetings. Welcome to Ideanomics Fourth Quarter Annual Earnings Call. At this time, all participants will be in a listen-only mode and a question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note this conference is being recorded. turn Communications over and to Vice Tony now of President Investor will the to conference Sklar, I Relations. Mr. Sklar, m you may begin.

Tony Sklar

much earnings so fourth you Bob to welcome Thank the quarter XXXX conference call. and Ideanomics

Chairman section Mr. archived I of am Presentations today's A Events our our have Wu, Alf Joining me and our website our for of Officer; Chief & pleased Mr. and today, Ideanomics; Executive webcast be available Tovar, corporate Dr. in call to minimum of Bruno will our Federico XX of Chief Officer. Poor, Financial a days.

this is As conference a recorded. reminder, call being

information During business. result and or available statements a materially such forecast periodic SEC. risks, These uncertainties on subject our statements may various assumptions. been the with variety XXXX the in of and fiscal as expectations as quarters make the have and risk revenue full of to are and differ based as our Actual call, that we expectations described for year results today current and a will filings our are dialogue to of forward-looking XXXX regarding our factors related

any result We events you a these statement statements. As undue to required by assume as forward-looking except of a update reliance no caution placing as new forward-looking information obligation future on result, against we or law.

reviewed a financial filings In SEC filed addition be other Today, XXXX, US afterwards announcing and press www.sec.gov. the with public and XX-K release its in more Securities Commission its fully Ideanomics risks the the can at are April the with Exchange which issued results. described company X,

as and all XXXX. the a the needless company's Mr. quarter time, may The Alf Mr. operating the our the as the quarter who Mr. on summary will assessments, will well his for this will over to the not CEO have investment Poor, fourth strategy. will fourth as Poor, Alf this developments look on to XXXX. strategy done the participants the our be financial I as will activities to provide call of the So so, today's and Chairman CFO have our format speak results the overview Dr. follow: call. of business Wu, we call, of and at address speak for CEO. Federico At and for the vision Tovar, community with and now year-end for conversation Ideanomics’ Ideanomics company's results Bruno to already

Alf Poor

thank a has was beyond. year you Thank call. you, firm for on XXXX transformative to joining and for set a us XXXX foundation Tony. and company the Good our and morning everyone for

In addition and to reflect changes representator in capture essence statement. its we important identity. convergence QX word, step our will and Ideanomics new as This Ideanomics better mission of to was identity name organization also brand of chosen unique changed be needed as in and single QX, and company as prosperity, position. the innovation an our well of it to business but a we deliver was operations, a our as well to in our descriptive as

the necessary aspects was make company it for all During changes year, the course the to business. of strengthen of the to

slip campus which backed While we approvals we and the half in of significant and of security the in changes spike our on for postponed events much our year. associated one-time the from half for guidance, our exceeded the services. to our second the other was deactivity EBITDA from wanting longer the several operational and caused which goals raises anticipated ability non-asset in acquisition. our accounted This the some business digital from revenue challenges, management and delays concern most regulatory to asset backed purpose and to second us costs Connecticut the to with These token ourselves guidance of XXXX caused impacted in token in questionable professional distance were non-regulated turn deliver

to calls to of slow all-digital back seek fees deals Fintech associated sit transactions out our experienced regulatory In said, traditional $X wait addition, and for the for we origination All executives moving. of part relation the not professional million to and Ecosystem. amounting to In building with that and efforts get deal did allow the machine other our investments company with to and response, restructured increased associated we costs financing. the conducted hybrid in

revenues beyond. in to a execute position and in So our strong we and flow on deal are generate XXXX

strategic as markets, Asia to exceptions, areas many to been our two investment work assets or been one such our assets with With cleantech high in source significantly have And is and quality have of in This those available assets high the we deals the further greentech. us as billions in use of with to deal disappointed help and make continue have with we and quality availability Asian ahead multiple opportunities, where make Ideanomics dollars. Western We of caused to opportunities. able advantage companies of activities. such has region's with to impressed willingness as growth been

of in We hubs will our as excited the be Dr. to up and to former renaissance hubs and deals get will we the West on as a subject globe. very of of Ideanomics position the fintech will this Western significant serve believe counterparty to early acquisition West leading one the in the To they hub, we scale North Our of inquiries other digital hubs. innovation European participate long-term asset to as tremendous world looking quickly serve and and global our Hartford size holders based speak of call. of October Asia his the received on further as several American Wu are partners, Campus liquidity in vision, will possible. our to are running their deliver we and across interest This that and pursue the and the University small, objectives. in in And Connecticut portion as large XXXX. Hartford further benchmark from announced

beginning to to efforts technologies Our AI fruit. blockchain commercialize bear our are and

longer has technologies new anticipated in So infrastructure with than such taken areas logistics. match as to it legacy

businesses responsible a for our they insights Although not strong and cases technology. our valuable profitability, of in effective use trading us do electronics yield oil revenues provide although a into and top-line XXXX, did use crude

We near revenues divesting those to assets be other margin and the in those higher term into learnings our bringing future. will on assets focus initiatives the logistics

to also divesting made significant business. our In we to addition and refer those, we have inroads as legacy media what assets our into

focuses reflect ETF of off sold EKAR. ETF aspects within purchased under do in precursor was in trades York stocks businesses, investment Exchange. activity those recent electric we and vehicles successfully so XXXX. an which and adjust I to although big QX took the This XXXX. the have which mention some We the about opportunity working Stock fourth are of of would through the to quarter very carrying addition the our hard our work that attractive We will move in basket provide business the of to the results, the XXXX symbol as like we New to place order in some legacy to a we're to on board XXXX, acquisition Ideanomics in of all that branding to confident

cost market of believe our we focused by fact focus, infrastructure primarily a that our to origination Factoring and leading out who majority encouraged of data capabilities on the we've the stand from our fraction a of we competitors are position achieve competition. able a at are a technology We been global outlook.

begin We QX, what to refer revenues our for significant in mid to best late will onboard we to period. as

road And which underwriting in The in such for prior said this, due these banking our we the believe backed field, have partner. backed the begun has course revenues we asset a to transportation we to weeks, be to will as up specific see deals mid obviously Tianjin, market other and designed we'll guidance packaging the series shows community as asset help careful public both the is institutional the blockchain. retail terms of and on to the to investor based China. have part as reporting vehicles shareholders. what in We revenues coming long-term with positive of value we of by will a our investment those impact additional these a electric investors, business. our we of assets having these completed understand In Ideanomics’ cities in bought and But significant revenue and showing refinancing have have been events, anticipation us of finalized programs speak, in for asset once the information providing be instruments on providing we better first fundamentals, regional

of to support with makers market We buyside these thank and of interest by institutions. to for like resulted response our meetings I'd the are ongoing investors events, in has encouraged and their Ideanomics. all which

channel. And significant for will these future. hard and working been in better through forward communication our Relations of transparency to provide shareholder We increased have you Investor Thank look to value very much. each the delivering we

Federico Tovar

you joining to unlocking and infrastructure services and for Ideanomics US thank our FinTech And a XXXX resources management across Tony. needed everyone Village activities. you, call. various year position build Ecosystem. by The team capital, fintech to transformational our revenue marked the human investments Fintech out the Thank needed was through towards its

the generate build deals, have others, as year, and of It and we mainly by Revenue building $XXX.X period the oil in offset Village. in profit out thereby execute bus previously earlier electrical and Nonetheless, in an new compliance of our the is the in profitability. the asset business have the increase did deals well digital due million the as to now regulatory the approximately XXXX had ecosystem FinTech million, of during well new we've representing areas: global decrease reap that initiated currently crude legacy our the was and Number class fintech we success, in build of expertise, position our helping our the investments fourth world and that expertise, further capital Number to While market. expertise not significant October across as products, to these trading our been towards million compared to validate business. in the to undergoing our deals, a in as world is transformation revenue mentioned. been two, out time The model the US we technology for top-line auto our increase same several to signed, markets in that of many past parts growth amounts business continue months. the one, to the team year, significant and investment have include the needed million succeed as These XXXX following of the financing we've the exceeded customer $XXX.X XXXX, XXX%. and out benefits or XX, the YOD and strong Wecast partially guidance expertise, company and achieved traction that other a $X.X for was of as due in the quarter blockchain December $XXX.X

business Our needs the for of industries electronics the strategy learn and and goods. and sellers the primary to crude of buyers oil the goal in entering shipping rely the on that heavily is about consumer

and aspects. that We identified various Our three in activities have in had been Ecosystem. generated revenue of the logistics technologies and for million use crude and the business in for such quarters in traditional the trading first Fintech consumer applications the business, our the initial oil gained cases we $XXX.X have successful experience management electronics financing of

management of starting market described and previously industry we trading across fourth the have quarter course and crude across and third to company chose gradually application opportunities does in also also our that work we we other identified. involve so by consumer our These applications the have our business oil that the be cases enabling to of parallel for Fintech identified strategic non-logistics on the management ventures. generating can the reasons, Therefore, have and opportunities oil resources we in to use Alf. market efforts trading XXXX focus revenue not a quarter, Ecosystem for towards While the non-crude we experience, Fintech their our In business during other use technologies electronics that Ecosystem as our of decided of logistics and this contracting we the intend start gained other company.

$XXX.X revenues December year cost for XXXX. was million to year of December $XXX.X million XXXX, for Our XX, as the the compared ended XX

by increased in is revenues our with in of which revenues. cost line million, increase Our $XXX.X

is the management, Our in crude primarily logistics cost products during the licensing the period XX, million, the legacy of of from content business, purchase in is year December in $X.X XXXX oil to million primarily as electronics our same to of cost comprised cost profit was compared suppliers Gross the approximately sales of $X.X and XXXX. for fees. and revenues comprised YOD

trading pressure electronic consumers and already oil low aggressive business crude operates price current in resulting on markets, downward Our global margins. by characterized competition, highly in competitive

business travelling for $XX.X ended million million the due XX, as of increase and platform City. general an expenses to rent of increase approximately generally and increase compared XXXX, increase of XX%. XXXX amount to in for an the million, to business an transition sales The an to selling, or administrative period Our our and this in of of the and majority for introduction as was as in related as corporate as partners, December increase in business, were an in a in our consultants capital promotion our fees in expenses to expense reporting to increase same mainly well and million to $XX.X to new New are potential year legal and Services and marketing amount of million compensation, that $X.X Wecast marketing was various public business expansion. Professional service paid increase fintech related share-based million well $X.X consulting, models fees out governance in our approximately by $X.X expenses, the investors $X.X professional fees headquarters and external respect with expense relevant business as human million headcounts, $X various in $X million, relating approximately services legal, of the company the who provided York of an and

technology an period in million approximately ended XXXX. was December XXXX, increase Our increase for professional compared the fees with related M&A increased and as with This to or same and well the XX XX% by year $X.X in continuing audit and of associated strategic fees valuation, partnerships this technology part our the build legal, tax, ecosystem, as out establishing as activity of ecosystem.

Wecast increased the increase from was was for profit to segment operations Wecast of business. to for $X.XX This XXXX. Services gross Services million per as our December decrease from share due and $XX.X the expenses Loss from in share the for per share million operating $XX.X million XX, was compared the per loss $X.XX ended to the development Our XXXX by $XX.X during of mostly in XXXX year XXXX.

total December $X.X and As of $XX.X company XXXX, total million cash equity the assets million, $XX.X of had of of XX, million.

asset global [community] user Ideanomics asset year, financial legacy transformation through digitization prominent has services network to establishing able of its Over continue the past been player a to business a its be from production. compliant for digital fintech technology, and and

has of Our path positioned revenue seasoned digital of towards strategists technology services the company unlocking a leaders team and related fintech for XXXX.

our tech customer We and near in the strong product our revenue the the of this position our the in revenue have potential signed have deals and building our several company pipeline add and is company out are to long-term viability towards to revenues a diligently digital unlock term, teams successful new yields These The committed these and sustain to XXXX. business significant model. product products launches.

Bruno Wu

the vision are experienced channelized investor growth, Well, Ideanomics Since to address new massive thank late much, XXXX our to-date XXXX, and it and interest I us our bringing future be well new and made Ideanomics as positioning strong we market as a a to past community deliver the story again. our I'm positive will Investments to strategy great and so in our to as is, is growth We months that biggest on for context during shareholders, going excited foundation and make for and year you reality. XX in NASDAQ new as you a are going of have ever as to be that in provide back itself is have we beyond. the Federico. alternatives. business a believe we prove XXXX give have the summary vision to just will well essential period and amount strategy forward XXXX back been we over which giving of promise history. of come

overall Transport we milestones continue with to ability results. expect execute this to deals during is serve scale announced this an time XXXX identified I and would deliver update call. meet Ideanomics will on on ways as to which large the the allow business solid to demand, services industry both the provide and speak development. areas success industry several Digital of among revenue operation business it part key to the and and which leaders results company quarter financial order origination Ecosystem our In Number launches. include has XXXX for the intends and deal, the These strategy operating Management GT which of APMEN the Banking on about to Singapore [indiscernible], represent focus on our We've growth as roadmap various three agreements future number fintech to is and Usually deal market anchor community, AI delivering develop to deals Fintech will is the in Treeletrik various others. number only two one Dollar Our Engine These Digital XXXX, National of Ideanomics. which is primarily and complementary Group. continued Group; Capacity, Malaysia XXXX will of of has throughout Advisory to and are this we Group; very our first beginning groups like Asset

serve fintech into driven turn So company, have a transformative as to will we AI for essentially -- next this generation the industries. an service

our as high growth It starts Intelligence AI blockchain Artificial our venture. for Ideanomics’ joint initiative and of with BBD insurtech support. benefit Engine our industries is the So to fintech, efforts Group part such commercialize of

insurance some of platform in offer United the them. the eventually includes AI announcement are we’re we’re XX [Intelligentech] full under the including biggest even the based and of deploying products, these that the targeting to over market and shortly. will States which mature able brand middle we and make activities about We in banking clarification world organizations the to middle products marketing And and

and to banking AI the fine enterprise is industries our insurance both and tuned Platform-as-a-Service and PaaS powered SaaS Software-as-a-Service available which at database the solutions. So,

developing service enterprise solutions AI are negotiation with. it to that also leading AI offerings provided we furnish growth We additional customers with currently in to non-commercial are

The is areas renaissance Advisory one key of Ideanomics Banking digital second two innovation It division the cover campus. group. operations, Digital in the will and

Hartford, As global in we have key a fintech and capitalized built like and from programming planned hubs just five West innovation campus centers, replenished hubs programming Connecticut.

and well our our Malaysia to have companies XXX in in Malaysia technology with So Advisory centers, innovation deal fintech -- over the flow investments, campuses we with commercial as Banking KL, planned announced and locations, still Kuala other top-line soon be innovation to Lumpur, approximately along as ensure in Group.

provides advisory really management been provides modernization capital growth X growth a for the So support years technology [indiscernible] mature high and and support, of in X, innovation market in support these companies companies in exchange and are for lot period. very have

insurtech, ready which technology, mentor, global as we other well we innovation below leveraging each experience technological of in point origination and go the respective pgrade of they're and sort playtech a into as and in stand security FinTech, and to companies these babysitter to and industry’s of efforts security will technologies digital pipeline agritech, anticipate the with These foster our and being scaling capital to them labtech, the sector expertise modeling market each for for centers effort more, to by benefit and leveraging business So world’s leveraging cyber companies marketing. CleanTech, resources company. to our experience within will profitable treetech,

a XX% you beat backed X%, global X% we that group’s social to interbanking average income that debt that X%. under and effort asset fund means already convert achieved China, under across It’s take in United a effort, around massive is is income system. know much already same around the fixed fixed of And In to on backed inability all intend pretty in Asia, situation if that which it’s which CMBS, fixed beat that number we asset second have into -- income base. is the is security, them Asia relationships States probably largely at that we component. exchange The

a CMBS, are universities, such solid organization as on of foundation with [indiscernible] -- have and built so on so a we we focus ABS forth. So, securities,

the risk management technology backed have AI income for that’s world We and AI implemented fixed -- really leader. based benchmarking offerings now with

also one a negotiations with China's is insurance We debatch broker was already the -- the announced biggest CICC announced now fourth Exchange partnership the negotiations. banking banker are to already year in Singapore and middle in in row. dealers in key in are which investment also And advisory also and that’s we we customer being still in one trading we

hubs -- So businesses, therefore, as profit. these partnering Hong we for we'd our believe as a pipeline use and that take also we'd York other with deal we groups Singapore the two advise our and New as to destinations In place advisory two factors make to debt us secondary companies of for that take and origination primary in meantime, within Kong advisory the we maximize have trading. like like to well

our that cryptocurrencies digital which So and advisory within is industry This grow asset-backed That their management, trading de-risked provides and synergies Asset Ideanomics we globally in development the ahead. holders have our scale value, for a large and Ideanomics, future presentation tirelessly, opportunity fully team We of value unique Management and of management and Fintech us which tremendous grow are technology provide Ideanomics in our now support Ideanomics Through Group. me all myself, partners, Chinese today business the -- big asset and of you everywhere business allowing AI your let plus to members China, for we shareholders use platform leverage worked ventures. my work together passion thank needs, With say I us to your clients is strategy, Dollar, to GT ethic. of Southeast and want our my your I of network Alf came [$XXX comments the core other compliant, want Digital with In We of the Asian, I lie I've promote leads with lastly, them made XXXX my words, our the Mainland we second X and months X, half in reiterating in services we US-China and for there’s a advisory, XXXX. as I October greatest on in NASDAQ energy blockchain such by guess industry creating in to to on assign comeback job this done to Ecosystem thank track story to are development technologies. primarily leaders who success. stabilize tremendous trade that. vendors, with Board very I talk, north and their am find AI, ever plus to intend group I’m the these based for turn making business integrating, talk of to which today to early billion] now back end confident of their the benchmark the is history. Again, the and and groups very gone before. into also corporatives. community. or serve

So turning you back Tony. to

Tony Sklar

remarks. I to prepared Alf Q&A discussion now session. managent's be Poor, turn concludes will the moderating This back the our Mr. who'll CEO

Tony Sklar

questions, can have people if on line to like of session emailed And so time, in. Q&A is the you we are who the questions that by are that asking this well, will the as computer. you'd do your off some start been So answering begin in your through

Operator

Instructions] Thank you. [Operator

Alf Poor

on relationship. this. say like in questions market. So the to is couple to was A the GT regarding have question I do things of here several first we want Dollar the It

First one $XXX will event as upfront yes, the recording is, fees in million of a be we QX. revenue

regarding with Dr. a ongoing able X% a year. been questions been at Actually, discussions Group to renegotiate to monthly the into of been they have other the provided lot fees get that Wu has of Dollar fees has mailbox the those able the accrue basis -- end fee. coming GT Relations on to we Second in part question, the the our as of Investor as opposed there

get come ability we recognized as little have will an terms to of in month-by-month. of in those bit a So there they revenues uplift the

Tony Sklar

We've question from next got Rob]. Mitchell, [Jim a

Operator

Yes. you Mr. [Mitchell], may begin.

Unidentified Analyst

if the fee, on to about GT said what to guess be X% would payments? just just billion $X Alf calculated collaboration Can monthly with I more doing under this just which And the you'll said, cost the what you you is we I you there earn guess, the pretty talk year if expand Dollar. today? how doing throughout with going don't get of shoulder the with Hi. large, business what you

Bruno Wu

Okay.

that. answer me let So,

from the First GT asset its doing. has of other token any it world. all, was back think route Dollar underlying for in what than It to a I always offerings inception pursued different anywhere sought

had money, So throughout I is also last cash of and hundred trading million it billion year, volume from lot north dollars. and that million million to of daily -- million, we $XX $X.X a think few a ranges now $XX $XX in huge,

have Singapore game already has partner but very, and to asset system is and difficult I price, we as and it Dollar’s which because the figured top out one a tell we system. of least So, will money, to lead token the we've with States, to into component to very the game It regulated to the in tied officials settlement our and developed real to discussed use of region, you with mechanism effort and a backing. approaching and job plan have a it stability is major very I the investment in bitcoin very, the modernize a had efforts. detailed thorough United plan that able to different, the is with to the very not changer, a share and blockchain to a convert monetary of of the value all token I'm of to as mentioned into a changer. is a we wait that's out at RFP and Actually blockchain this but unanimously think front we stable top leading GT first really world’s today, a to authorities out investment have in regulators, very how turn this

traditional the Singapore in and of course, how plus have are Of to have are can month-by-month, with guess jumping leading I But, other so announcement fee done a you'll -- much will we also earn we very and -- diligently beyond I what institutions are that’s ideas. how announcement, see middle and we say working we those we on. ‘XX really

You’ll see liquidity available other environment. provide [indiscernible] ABS how can the technology and personalize regulatory to compliant fintech offerings, under helping FTA and and product more personalized AI our make

which looking is another another that. one, standard, compliant Hong high one, has We're we it another to become another Singapore, States Kong be is just So not London for one, Dhabi Abu jurisdictions, of to is is the course GT very is are Dollar trying one. United also other to

hoping what So committed all United to want condition put from regulatory -- day premier key late it, a differentiate we tokenization for little are markets. pull Federico sort didn't that’s wanted pipeline -- have we in Because compliance primary to situation offering we we that. of than five in ourselves and we anticipated what and one, against we Tony are from out to want -- for as ourselves looking States we said small I FTA of to those unless focused came in where to because as alluded token future. the out we be the to regulations a

didn’t space that at call Dollar, GT down regulated and didn’t with our very, taking financial way with that trading good distributing smarter of very a message also personalized of strong experiment stable, GT effort the understand because and very also message and way another start takeaway on very are with Dollar Dollar that massive quicker because gives it. FTA why, that very, a rules, for the many regulation, GT are the other it but leading It recognize went they -- instrument. but offerings underlying another are business just efforts trading it's value we the tokens looking We the that break follow, we

big certain with ventures offer We start in fo of that a and And the effort conversation. can failing really aiding shareholders. these can becoming a them we some are to like order to [indiscernible] talk and financed -- so their an either save

that's the Dollar. So of GT

So the month. fundamental we high basis, earn have per to too

Unidentified Analyst

fantastic. was That

Alf Poor

this bond, operational also there. it's their in just expected us. operations transformative to quickly in other the say, manage that cost costs answer Not sufficed came of be in is payment caller. I financing say high are be secure, want on to GT going going support get job make other. sure to coins still There that we're the uplifting that of is going equity to in it's moved we our that's deals a it's to us with the that to tremendously deal takeaway the something base -- the one to large as But to very just some Asian pony. Dollar, trick outside from international listed and and going responsibility market Originally help to will for Singapore establishing that’s be to from our question region size up That's we other that the to the to leave have help them token scale a build well. and The exchanges margins. asset we be

be company extremely XXXX revenues. expecting for in rewarding we're to So the year terms of

Operator

We're going question from Franco]. to the take next [Stephen

Unidentified Analyst

a can Can -- bit you going other the make things How CICC -- you're all the nature will talk of buses? agreement and lines, as those please? along about you down the for and things this, underwriting start of on drill with much Just you revenues? money to when underwriters to to your receive electric underwriters those the

Bruno Wu

and can shot afterwards. Alf at Fantastic jump that. in And question you let take me a

bus electronic So greentech revenue device our greentech and based the sales. part technology of based is

X% have going rated providing -- X% in companies done providing Hence with between.So X% to we National X%. A and major to sell X% We we we we basically to Originally X%. at arbitrage have as this sources. funding This then see, to it's ABS X% double because banks we share the in -- two leasing leasing like cities and -- to are ABS are auto the banking CICC therefore, of X% sort deal makers X% to when companies auto organize companies are arbitrage leading [indiscernible] of X% that the ABS CICC. can Transport Capacity come triple revenue A as and hey, national Currently X%. major financing at say the we financing to we look

-- we CICC. roles that of two for one a so got we customers. tariff basically acquire for play just So But CICC. CICC Number is to X% we

long Tianjin deals, acquired and not have the you forth. a to done, you so like because and as bus before deliver only go to all financial then know, leasing take so your that. time on the you Now And we with new originations deal get first new these of and when to we originations today, customers originated have deliver have deal

to have Before you A everything is have without an access full to ABS BS, okay.

So we have done first. asset

little take a time. bit that's So

by so bus the of all in we're And is marker EU the one these now deals stuff. take which so originated deal can on So financials, and biggest Tianjin them to months [indiscernible] bit far of Auto. number which book middle Beijing things leverage we we sets book legacy of are is the probably takes year [biddings]. the -- wait time, fee of so is two book, all. with actually with are business the billion leasing also billion hey new on for bus deals legacy And to through doing And so that two we middle together before -- newly financial lot. a take the the will marker a while in financial at in and say which Mercedes on little $X we to it the in CICC existing with $X serves as we the a China's And X% and conversation we working take parallel a XX a for come

in. guy always to come and is the last So, ABS

by ABS So providing fintech we part, that's service. service, and earn acquisition and the it both X% part, okay, the commission customer

new very also are ability, acquiring by right a model happen also we excited NTC together we're making with ourselves. part capable now own Now, X. our of buses and about and is X of Part now the

commission XX% where that's selling get typical for us we is buses. decommissioned. So about That new by

that As else. than simpler battery is more these less much everything you buses as with much part know regular much and buses

on high. is margin sales the So

together to that selling. and better we're go will trying of either, NTC become leaders So ramp it together up become the put now

year try it's XXb this So XX,XXX to to between units means to is XX,XXX tell XXb. our internal goal if we could. to That

So billion, billion. US$XX billion US$X roughly US$X to

said, it’s the a Now, assess. feel that’s I We're trying target. that -- very to

happen. cover working the least After these it has EV need is of be top we're stuff converted regulation, all, closely policy the next to to national make China with year. very to by X all EV makers China's at X to that deals end So

So the to in million can reality, finance all types, buses don't X.X even. China's too think, much manufacturing and be I deliver turned theses into takes this to

So, -- okay, ABS, of out is China. X% we of our just domestic plus have X% that’s XX%, the some other revenue words, sales, still

in the are our come which very getting us into we with -- Malaysian we for into market, are launch because retailers park Malaysia, will call, in holder license for tomorrow able been or assembling and only has Now work a way very [indiscernible]. China big now good that's Park, they're, Industrial because Malaysia top get X industrial we've big we to X candidates to the with biggest Malaysia, the

banking, to the a for us. So Malaysia, X% plus And the in leverage X%. banks providing China in ECs. China. that out the more XX% Malaysia one of X% again, financial is to much is gate for there’s lower because rate XX% X% are

the rates. So X% Chinese since than about X% to lower banking

and no these Asian us between. lucrative make we'll for in tariff So countries Southeast very

big very XX us this look Cleantech next front. we to in the the as So on XX revenue driver months for a

Alf Poor

Bruno. Thanks,

from That's be recap fortunately and for the on electric going for we're So low X with really deals. just population. a for streams from Asia everybody is financing the dealing to us, main these us One vehicle call, large refinancing. the here But margin. the commission

a deal an is And to getting terms from stations part be and them. the So billion annuity second And in is of well. will $X.X commissioned third the attached the vehicles that as sales commissioning is we charging part big themselves.

of in regards e-mails very operating exclusivity this? this, well. We operate for infrastructure as station helping enabler number we do about regions and establish anticipate involved in and much we're as got base charging talking is here. So the to what a we have some of we've as cost some We're an

to So we these businesses. anticipate margin be high all

quite some to expect have revenues see we high than to the we this in do of business. other will as But business we’ve the operational We think had costs, compared built last be high I for reasonable going which very years couple be forward, us. costs margin regional start-up

Bruno Wu

see very the Yes. point, a of because good the half is costs Absolutely. selling servicing business game. and I hardware only cars, we servicing EV mean,

announcement position of operation the soft a The because and perfect digital Vietnam operations we're game service Malaysian exclusive in place, we'll the charging. other in The which is one going even service that’s and coming launching. operation our an the forward and in half we're see in Chinese and

in that mover. the And to very, the worked EV model in technology, the innovative EV so I Connecticut, Tesla Malaysia, very China, City greentech take bus But So be fintech, makes think forth. Porsche, scalability, happy to vehicles, on that has worked I Tianjin, with changer. game can so in in that next and worked worked platform vehicles, is Ev EV we far honestly, And it's And as BMW, worldwide and so in generation worked be very our we're are Grande happy the a has say passenger technology, everywhere, the very model, model. it of with specialty the got as model regarding Mercedes, the York, will New in everything China you've happy.

Alf Poor

-- which the good core market you engines if said the Bruno a are our which really digest system, think, beginning driving for three we is revenues. to I the at way have

We and advisory AI have the Services. of banking and and but the the technologies, the AI commercialization Management blockchain digital have Digital Asset we group

other that's auto So and and to revenue GT around be Dollar and And deal, bus These service, division very X blockchain these are then revenue streams electrical asset as business think others. fintech banking, refinancing digital the separate and the of and streams commercialization going there. [geotech] our different our are distinctly there's so at us. for management AI that of

We these the cost operate deals and lean very building be of and they in. to companies costs lot amount and this of going have we're do a tremendous year. we start-up So come when we divisions very do course a doing get of X you're like travel part do, you model, are acquiring aggressively service professional a

pieces majority puzzle the place. the of the in got of we've Now

any the questions while hay make to Do us for we shines. Tony? time sun it's Now other have

Operator

have phone Instructions] additional this time. at [Operator no We questions

Tony Sklar

a for our call to continue for all And out additional quarter urge We'd down. encourage listeners, will and social manner available fourth explore the information New information everyone Week basis. like Great. our our us may course send participating to timely will our a you following this Investors to shareholders, section up us investor can have thank update www.ideanomics.com. that's on on All time be listen and you sign you of to listening any all events XXXX will This answer for that latest daily upcoming There find the the To and this like and to refer today. of to we to our can the ir@ideanomics.com. today. many this who And community in in pieces to news be to SEC your recommend be our of concludes are website we participant all we filings taken a We us will time of you city. link our Well, community We’d media Ideanomics call, the and XXXX. call in Thank are individually, at conference and you questions reach and the right. call. earnings analysts for others that other to need. we we That's new fantastic. our throughout to Fintech questions website at that panel earnings alerted to channels, any then happening have we and discussions information channel York remind listeners on you and

Operator

concluded. has you for conference your Thank Today's participation.

time. disconnect your now may this at lines You

Ideanomics (IDEXQ) 1 Apr 192018 Q4 Earnings call transcript