Ituran Location And Control Ltd. · NASDAQ:ITRN
Ituran Location And Control — Investor Presentation (June 2023)
19 slides from Ituran Location And Control's investor presentation, June 2023
Slide 1: Investor Presentation June 2023
INVESTOR PRESENTATION JUNE 2023
Slide 2: Utilizing Advanced Technology to Make People's Lives & Businesses Better
UTILIZING ADVANCED TECHNOLOGY TO MAKE PEOPLE’S LIVES & BUSINESSES BETTER
Slide 3: Our Offerings
stolen vehicle recovery OUR fleet management OFFERINGS connected car services
Slide 4: Why?
WHY? Lower risk Improving The driving premium efficiencies experience
Slide 5: Customers
After market sales REACHING OUR OEM/car manufacturers CUSTOMERS Insurance companies
Slide 6: Recurring Revenue Model
75%+ Recurring subscription fees ffrom 2.1m subscribers 25% RECURRING one-time product pr fees bringing the REVENUE MODEL customer initially
Slide 7: Global Presence
Canada UK Ukraine United states Japan Spain Israel Mexico India Colombia Malaysia Ecuador Congo Indonesia Singapore Brazil South Africa GLOBAL Argentina PRESENCE HEADQUARTERED DISTRIBUTOR
Slide 8: Selected Partners and Customers
SELECTED PARTNERS AND CUSTOMERS
Slide 9: Subscriber Growth
2.12m After-market fter-market sub su growth at 11% total subs SUBSCRIBER GROWTH organic 422 417 OEM subs CAGR 435 # subscribers ‘000s at period-end 489 549 440 1,693 1,649 1,446 1,328 1,292 1,221 1,160 1,057 after-market 948 subs 817 741 667 623 604 561 511 444 396 339 263 2004 2005 2006 2007 2008
Slide 10: Full Year Financials Performance & Model
FULL YEAR FINANCIALS PERFORMANCE & MODEL LONG-TERM HISTORICAL GROWTH 293.1 270.9 245.7 products 83.5 81.2 26.9% 62.7 26.8% EBITDA margin 24.7% 78.9 72.7 60.8 Subscription 209.6 Services 182.9 189.6 2020 2021 2022 2020 2021 2022 EBITDA ($m)* Revenues ($m) *2020 excludes impairment charges related to
Slide 11: Quarter's Results First Quarter 2023
QUARTER’S RESULTS FIRST QUARTER 2023 Continued year-over-year improvement in revenue and EBITDA: highest quarterly net income & EBITDA in 4 years Record subscriber revenues and subscriber gross margin $79.5m Strong net subscriber growth: aftermarket 44k & OEM 5k $70.4m services $17.4m in operating c
Slide 12: $320M in Returns to Shareholders Since 2005
$320M IN RETURNS TO SHAREHOLDERS SINCE 2005 Q1 2023 CURRENT MARKET CAP Issued $3m dividend ~$460M $1.2m shares bought back $16m in balance sheet net cash (extended in February 2023) SHARES BOUGHT BACK DIVIDENDS ISSUED SINCE IPO $23M $297M
Slide 13: Mission Critical SaaS $1bn Valuation
$1bn valuation 17.2% Ituran holdings Other investors include: in Bringg Insight, Coca-Cola, Viola, Salesforce, OG Tech, GLP, Mission Critical SaaS Next47, Aleph, Pereg, technology to rapidly improve Cambridge Capital pickup and delivery speed, capacity, Delivery & Fulfillment and customer experience
Slide 14: Insurance Growth Engine: Usage-Based Insurance
GROWTH ENGINE USAGE-BASED INSURANCE Insurance Personalization Launched April 2019 Working with all the major Israeli insurance companies
Slide 15: New Growth Engines
NEW GROWTH ENGINES ADDITIONAL VECTORS FOR FUTURE GROWTH Financing & Leasing Co’s Ituran Mob Car Sharing Growth engine in Brazil & Mexico JV in Brazil of which Ituran Targeting: holds 50%+ second-hand car financing Initially targeting fleets and companies businesses car leasing companies’ fleets DRIV
Slide 16: Growth Engine: Services to Financing Providers
GROWTH ENGINE SERVICES TO FINANCING PROVIDERS Initiated services to key financing providers in mid-2021 Fintech companies leveraging Corona economic slowdown in Latam the increased interest in the second-hand market
Slide 17: Venturing into New Geographies
VENTURING INTO NEW GEOGRAPHIES Indian market: 250m+ registered vehicles
Slide 18: Mobility Innovation Center
MOBILITY INNOVATION CENTER powering Israel’s smart mobility
Slide 19: Thank You!
-oee- sesee0- 38e8sse- seseee. sesece see8 TECHNOLOGY DRIVEN BY PEOPLE THANK YOU!
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