PowerFleet, Inc. · NASDAQ:AIOT
PowerFleet — Q2 FY2027 Earnings Presentation
26 slides from PowerFleet's earnings presentation, Nov 9, 2026
Slide 1: Q2FY27 Earnings
Slide 2: Important Disclaimers
Important Disclaimers The contents ofthis presentation are not fo be consted as legal, regulatory, business, accounting or tax advice. You should consull your own atomey, business advisor, accountant and fax advisor os to legol, regulatory, business, accounting and tox advice. Ths preseniction has b
Slide 3: Important Disclaimers (Cont'd.)
Important Disclaimers (Cont’d.) No Offer of Soscitation This presentation does not constitute an offer fo sellor the solicitation of en offer to buy any securtiss, ora solicitation of eny vote of approval, nor shall here be any sale of secures in any jurisdiction in which such offer, solictation or
Slide 4: Business Update
POWERFLEET Business Update ae i
Slide 5: Q2 - Executed to Plan
POWERFLEET Q2 - Executed to Plan Solid Q2 results, execution to plan, and momentum. all Total Revenue OE Services Revenue Services Mix BL Adjusted eprrpa 9 $116M $95M ~82% 25M 4%+ sequential growth Up 7% year over year Up 2 percentage points 16% sequential increase as predicted year over year New De
Slide 6: Three Amplifying Growth Engines
POWERFLEET Three Amplifying Growth Engines 4 On-Site Al-powered safety, compliance, and productivity solutions for industrial operations. t =Al Video Turning real-world video into actionable intelligence for safer, smarter, more efficient operations. OF OUR PIPELINE cS loT & Connected Services Conne
Slide 7: Ahead of Schedule on South Africa Government Contract
POWERFLEET Ahead of Schedule on South Africa Government Contract Q1 Reported Previous Target Q current Status Exceeds our - previous target 72K 80-90K ° 94K of 80-90K by mandates mandates by end of Q4 mandates signed today the end of Q4.
Slide 8: Financial Update
POWERFLEET Financial Update
Slide 9: Q2 Financial Results
POWERFLEET Q2 Financial Results Total Revenue Adjusted EBITDA $115.7M $111.7 Service Revenue Service Revenue Mix 82% Q2FY26 Q2FY27 Q2FY27
Slide 10: FY2027 Guidance Affirmed
POWERFLEET FY2027 Guidance Affirmed On track for Q4 exit objectives. FY2027 FULL-YEAR GUIDANCE Q4 FY2027 EXIT TARGETS il | $468M-$473M || | $495M | Revenue | Annualized revenue run rate < $111M-$114M % | 27% \7 | Adjusted EBITDA Adjusted EBITDA margin Q4 exit run rate is annualized and is not the fu
Slide 11: Amplifying Growth Engines
Amplifying Growth Engines
Slide 12: On-Site: A High-Quality Growth Engine
POWERFLEET On-Site: A High-Quality Growth Engine TM Growth © 423% Wiss EY +23% | 442% | isetenn KEY GROWTH DRIVERS (1) Fortune 500 Enterprises Buying at Scale (2) ‘Al Video Safety Driving High Value Deals, (3) Platform Expands Across 10 New Asset Types th ZB, | 9 263 ax @&. @r | emg ete seein, ene r
Slide 13: Fortune Standardizing With Powerfleet On-Site
POWERFLEET Fortune 500 Standardizing With Powerfleet On-Site (1) Global Manufacturer ) SAFETY (2) Global Beverage Company ‘COMPLIANCE (3) Global Automaker H veosvence 12.5M+ 84 36 sTIM+ 16 8 2M Se ee ..|O2. Ba | @x.,.| Oz... | Ea. Mesico A\ video improves site safety. Digitizes safety and compliance
Slide 14: Channel and Enterprise-Led AI Video Growth
POWERFLEET Channel and Enterprise-Led Al Video Growth Recurring revenue, pipeline build, and subscriber growth continue to scale. +32% +36% +30 Bookings ARR TTM Growth TTM Growth North America Video Subscribers TTM Growth Pipeline Build | KEY GROWTH DRIVERS Channel & Enterprise-Led Bh Multi-Product
Slide 15: Scaling AI Video in the World's Biggest Companies
POWERFLEET Scaling Al Video in the World’s Biggest Companies Global Top-50 Integrated | soy Global 500 Contract Food & Y) raoss Fortune 500 Vehicle- feet Gitte ‘Support-Services Leader fect Savoe Rental Company a Energy Major c.$1M 73 ~20 c.$1M Fleet Multiple 6 72, |@ 2. | ys a |@ ee mA video adopte
Slide 16: High-Quality Channel Growth
POWERFLEET High-Quality Channel Growth Strong partner momentum, expanding pipeline, and key customer wins. 7a High Quality 3) Key North America Channel Growth a Channel VisionAl pipeline North America 6 ax 9 | 9 all 9 Il +92% vor all +24% ovo a ‘Significant year-over-year Enterprise, Alliance and Re
Slide 17: Amplified IoT Growth
POWERFLEET Amplified loT Growth 23% 24% 2 49% | | | TTM Total Revenue Growth Recurring Revenue Growth Once-off Services Growth Strong topline momentum Growing base of high-quality, Higher project activity and driven by expanding loT adoption. recurring loT revenue. new customer deployments. Key Grow
Slide 18: New Innovations Launching Today
POWERFLEET ——— New Innovations Launching Today
Slide 19: Unity Foresight: New Innovation Launching Today
POWERFLEET® NEW INNOVATION LAUNCHING TODAY Pallet Demand SERGI DRe +32% il a Recurring Revenue Multiplier Introducing 12: ' Zp = 8 Unity Foresight « mreU | Cunomen | Recut toon Al-powered operational intelligence that sees every asset, understands what's happening, predicts what's next, and recommen
Slide 20: Unity Asset Intelligence: All Asset Types
POWERFLEET™ NOW ALL ASSET TYPES ACROSS THE ENTIRE PARC NEW INNOVATION LAUNCHING TODAY : fa iii) We of & x im Unity Asset Intelligence -L222aaE Eas Expanding beyond vehicles to pallets, containers, trailers, equipment, people and port assets — across your entire operation. HEB Pallet & Container Asse
Slide 21: Thank You / Q&A
— POWERFLEET Thank You Q&A
Slide 22: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS TO ADJUSTED EBITDA im thousands, except for %’s) ‘Three Months Ended September 30, Six Months Ended September 30, 2026 202: 2026 2025 Net loss attributable to common stoc
Slide 23: Reconciliation of Net Loss to Adjusted Net Income
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF NET LOSS TO ADJUSTED NET INCOME In thousands, except per share data) ‘Three Months Ended September 30, Six Months Ended September 30, 2026 202: 2026 202: ‘Net loss attributable to common stockholders s (6850) $ 4.288) $ (15,290) $ (14,522) Incremen
Slide 24: Reconciliation of Gross Profit Margins to Adjusted EBITDA Gross Profit Margins
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF GROSS PROFIT MARGINS TO ADJUSTED EBITDA GROSS PROFIT MARGINS thousands, exept for 89) “Three Months Ended September 30, __Six Months Ended September 30, 2026 2025 2026 2028 Products: Product eeveaves sms 5 Sao § don Cost products 1m 27,681 23.346 P
Slide 25: Reconciliation of SG&A Expenses to Non-GAAP SG&A
POWERFLEET, INC. AND SUBSIDIARIES [RECONCILIATION OF SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO [NON.GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Qn thocsands, except for 6) “Three Months Ended September 30, __ Six Months Ended Sepember 38, 2026 22s 2026 ams “otal rerenser S_usm Sus Sess
Slide 26: Reconciliation to Free Cash Flow and Adjusted Net Debt
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands) ‘Net eash provided by operating activities $ 10.283 Pius: Proceeds from sale of fixed assets 18 Less: Capitalized software development costs ans, Less: Capital expenditures