Ituran Location And Control Ltd. · NASDAQ:ITRN
Ituran Location And Control — Investor Presentation (May 2020)
17 slides from Ituran Location And Control's investor presentation, May 2020
Slide 1: Driven by People
a WO O —J O = Mt oS) W rad DRIVEN BY FEOPEE
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: Usage-based insurance
USAGE-BASED INSURANCE Insurance Personalization Launched April 2019
Slide 5: Why?
WHY? Lower risk Improving The driving premium efficiencies experience
Slide 6: Reaching our customers
After market sales REACHING OUR OEM/car manufacturers CUSTOMERS Insurance companies
Slide 7: 1.8m recurring revenue model
70%+ Recurring subscription fees from 1.8m subscribers 30% RECURRING one-time product fees bringing the REVENUE MODEL customer initially
Slide 8: 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 9: Selected partners and customers
SELECTED PARTNERS AND CUSTOMERS
Slide 10: Subscriber growth
1.8m total subs SUBSCRIBER 12% 485 489 549 GROWTH OEM subs organic CAGR # subscribers ‘000s at period-end 1,309 1,292 1,221 1,160 After-market subscribers 1,057 expected growth rate of 948 ~20k per quarter 817 after-market 741 subs 667 623 604 561 511 444 396 339 263 2004 2005 2006 2007 2008 2009 20
Slide 11: Financial performance & model
FINANCIAL PERFORMANCE & MODEL LONG-TERM HISTORICAL GROWTH 279 253 239 74.6 products 200 72.0 68.7 176 57.6 77.5 47.9 70.1 71.7 59.6 30.6% 52.6 29.4% 25.7% 29.9% 205 services 170 181 EBITDA 30.0% 142 margin 128 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 EBITDA* Revenue *Q4’19 excludes the impa
Slide 12: Quarter's results first quarter 2020
QUARTER’S RESULTS FIRST QUARTER 2020 COMPARED WITH PRIOR QUARTER improvement in revenue $65.5m $68.4m continued negative currency impact services services initial impact from Corona pandemic $49.0 $49.6m after-market subscriber growth: 17k net OEM subscriber loss: 4k net implemented efficiency measu
Slide 13: Impact from Corona pandemic
IMPACT FROM CORONA PANDEMIC Resilient business model: Recurring revenue from 1.8m subscribers Decline in new subscribers due to absence of new car sales somewhat balanced by lower churn rate Significant cost cutting activities: Up to 30% salary reduction
Slide 14: $300M+ in returns to shareholders since 2005
$300M+ IN RETURNS TO SHAREHOLDERS SINCE 2005 Currently no dividend policy CURRENT due to Corona pandemic MARKET CAP DIVIDENDS ISSUED ~$380M $270M $25M share SHARE buy-back BUYBACKS until YE 2020 ~$30M $6m executed so far
Slide 15: Venturing into new areas
VENTURING INTO NEW AREAS Indian market: 250m+ registered vehicles
Slide 16: Mobility Innovation Center
me - : é FrECHNOLOGY “" et Ly ° Ss & DRIVEN BY a t - corn PEOPLE iA u ae es MOBILITY | INNOVATIO CENTER DRIVE > HONDA MAYER Z— Hertz. ituran
Slide 17: Thank you!
ituran TECHNOLOGY DRIVEN BY PEOPEE THANK
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