Zebra Technologies Corporation · NASDAQ:ZBRA
Zebra Technologies — Investor Presentation (June 2025)
18 slides from Zebra Technologies's investor presentation, June 2025
Slide 1: Zebra Technologies Corporation Investor Presentation
“iz Zebra Technologies Corporation Uz Investor Presentation | Jb Yyy Xi. ZEBRA
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements made in this presentation which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or impli
Slide 3: Zebra is Well Positioned to Extend Our Lead in the Industry
Zebra is Well Positioned to Extend Our Lead in the Industry, Offering a Compelling Investment Opportunity Secular Trends to Market Leader in Enhancing Global Reach Digitize & Automate Core Categories Profitable Growth & Scale through Operations with Track Record Profile via Extensive Partner of Inno
Slide 4: A Leader in Retail, T&L, Manufacturing, and Healthcare Verticals
A Leader in Retail, T&L, Manufacturing, and Healthcare Verticals
Slide 5: Financial summary FY20 to Q1 2025
Column1 FY20 FY21 FY 22 FY 23 FY 24 Q1 25 Adjusted Net Sales in Millions of $ 4,455 5,633 5,781 4,584 4,981 1,308 Organic Net Sales Decline/Growth (2) -0.9% 23.2% 3.2% -19.8% 8.1% 11.9% Adjusted EBITDA Margin 20.5% 23.0% 21.4% 18.0% 21.0% 22.3% Non-GAAP earnings per diluted share $ 12.80 $ 18.45 $ 1
Slide 6: Enabling Improved Outcomes Across Our End Markets
Enabling Improved Outcomes Across Our End Markets Retail & Transportation . porte Manufacturing Healthcare Other Markets E-Commerce & Logistics Elevated Customer Enhanced Worker Actionable Visibility Patient Safety Supply Chain Experience Productivity Optimized Quality Unified Staff Modernization an
Slide 7: Zebra Continues to Invest in Innovation
Zebra Continues to Invest in Innovation R&D Venture ~10% of sales Engage in 2/3 current horizon emerging & 1/3 next horizon technologies Organic are a top Xb. ZEBRA
Slide 8: Served market and estimated long-term growth
MAC HIN EV ISI ON Served Market ~$10-12B ~$12-14B $6B+ Estimated L-T Market 4-5% High-Single Digit Double Digit Growth CAGR
Slide 9: Financial Strategy & Capital Allocation Approach
Financial Strategy & Capital Allocation Approach Financial Strategy Mi al Drive profitable growth Disciplined financial management and operating efficiency Advance our vision through | impactful organic and inorganic investments Capital Allocation Approach Invest to accelerate organic growth with R&
Slide 10: Zebra is Well Positioned to Extend Our Lead in the Industry
Zebra is Well Positioned to Extend Our Lead in the Industry, Offering a Compelling Investment Opportunity Secular Trends to Market Leader in Enhancing Global Reach Digitize & Automate Core Categories Profitable Growth & Scale through Operations with Track Record Profile via Extensive Partner of Inno
Slide 11: Appendix
Appendix Qh. ZEBRA
Slide 12: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information This presentation contains certain Non-GAAP financial measures, consisting of “Adjusted EBITDA.” “Adjusted EBITDA margin,” “adjusted gross margin,” “adjusted gross profit.” “adjusted net sales,” “adjusted operating expenses,” “EBITDA,” “free cash flow,” “free ca
Slide 13: GAAP to Non-GAAP Organic Net Sales Growth Reconciliation
GAAP to Non-GAAP Organic Net Sales (Decline) Growth Reconciliation (Unaudited) | ‘Twelve Months Ended [three Months Ended December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024 March 29, 2025 Reported GAAP Consolidated Net sales (decline) growth (08% 265% 27% 20.79
Slide 14: GAAP to Non-GAAP Gross Margin Reconciliation
GAAP to Non-GAAP Gross Margin Reconciliation ($ In millions) (Unaudited) [ ‘Twelve Months Ended [ Three Months Ended | December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 December 31,2024 __ March 29, 2025 GAAP Reported Net sales $ 4448 § 5,627 $ 5,781 $ 4584 §$ 4981 $ 1,308 Repo
Slide 15: ( $ in millions, except share data) (Unaudited)
($ in millions, except share data) (Unaudited) (1) Presented on a pre-tax basis. (2) Represents adjustments to GAAP income tax expense commensurate with pre-tax non-GAAP adjustments (including the resulting impacts to U.S. BEAT/GILTI provisions), as well as adjustments to exclude the impacts of cert
Slide 16: GAAP to Non-GAAP EBITDA Reconciliation
GAAP to Non-GAAP EBITDA Reconciliation Twelve Months Ended December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024 GAAP Net income Add back: Depreciation (excluding exit and restructuring costs) Amortization of intangible assets Total Other expense (income), net Inc
Slide 17: GAAP to Non-GAAP Free Cash Flow Reconciliation
GAAP to Non-GAAP Free Cash Flow Reconciliation ($ in millions) (Unaudited) { ‘Twelve Months Ended December 31,2020 December 31,2021 __December 31,2022 __ December 31, 2023__ December 31, 2024 Net cash provided by (used in) operating activities $s 962~«S 1,069 a8 S @ $ 1013 Less: Purchases of propert
Slide 18: About Zebra Technologies
provides the foundation for intelligent operations with an award-winning portfolio of connected frontline, asset visibility and automation solutions. Organizations globally across retail, manufacturing, transportation, logistics, healthcare, and other industries rely on us to deliver outcomes today
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