Ituran Location And Control Ltd. · NASDAQ:ITRN
Ituran Location And Control — Investor Presentation (September 2022)
19 slides from Ituran Location And Control's investor presentation, September 2022
Slide 1: Investor Presentation September 2022
INVESTOR PRESENTATION SEPTEMBER 2022
Slide 2: Utilizing advanced technology to make people's lives and 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: Reaching our customers
After market sales REACHING OUR OEM/car manufacturers CUSTOMERS Insurance companies
Slide 6: Recurring revenue model
75%+ Recurring subscription scription fe fees from 2m subscribers 25% RECURRING one-time product 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
1.97m total subs After-market sub growth at SUBSCRIBER 10% 435 417 OEM subs 489 549 440 GROWTH organic CAGR # subscribers ‘000s at period-end 1,555 1,446 1,328 1,292 1,221 1,160 1,057 948 after-market 817 subs 741 667 623 604 561 511 444 396 339 263 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Slide 10: Full year financial performance & model
FULL YEAR FINANCIAL PERFORMANCE & MODEL LONG-TERM HISTORICAL GROWTH 279 271 253 246 239 74.6 81.2 products 200 72.0 62.7 68.7 77.5 57.6 70.1 71.7 72.7 59.6 30.6% 60.8 29.4% 25.7% 26.8% EBITDA 24.8% 205 margin 29.9% 170 181 183 190 services 142 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2
Slide 11: Quarter's results: second quarter 2022
QUARTER’S RESULTS SECOND QUARTER 2022 Continued year-over-year improvement in revenue and profit Very strong aftermarket subscriber growth (50k) Supply chain issues impacted product gross margin in H1 but $73.4m expected to ease toward year-end $67.5m services $10.9m in operating cash flow $52.3m $3
Slide 12: $315M in returns to shareholders since IPO in 2005
$315M IN RETURNS TO SHAREHOLDERS SINCE IPO IN 2005 Q2 2022 CURRENT MARKET CAP Issued $3m dividend (renewed in Q4 2020) ~$490M $3.4m shares bought back $13m in balance sheet net cash (renewed in April 2022) SHARES BOUGHT BACK DIVIDENDS ISSUED $17M $298M
Slide 13: Mission Critical SaaS: Bringg $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, capacity Delivery & Fulfillment and customer e
Slide 14: 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 for 2022
NEW GROWTH ENGINES FOR 2022 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’ fl
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 vehicle
Slide 18: Mobility innovation center
MOBILITY INNOVATION CENTER powering Israel’s smart mobility
Slide 19: Thank you!
seee- soeeee- seeeee: s8eece. ee TECHNOLOGY DRIVEN BY PEOPLE THANK YOU!
Ituran Location and Control — Investor Presentation (September 2022) on 6ix