Ituran Location And Control Ltd. · NASDAQ:ITRN
Ituran Location And Control — Investor Presentation (January 2024)
17 slides from Ituran Location And Control's investor presentation, January 2024
Slide 1: Investor Presentation January 2024
INVESTOR PRESENTATION JANUARY 2024
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 A Telematics recovery SAAS Company OUR fleet management OFFERINGS connected car solutions
Slide 4: Why?
WHY? Improving Next-generation Asset Protection Efficiencies Driving Experience
Slide 5: Our Market Segments
After-Market OEM/Car Manufacturers OUR MARKET SEGMENTS Finance Companies Insurance Companies
Slide 6: Recurring Revenue Model
70%+Recurring subscription fees from 2.2m subscribers ~30% 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
2.21m After-market sub growth at 11% total subs SUBSCRIBER 426 GROWTH organic OEM subs 417 CAGR 435 # subscribers ‘000s at period-end 1,783 489 549 440 1,649 1,446 1,328 1,292 1,221 1,160 1,057 after-market subs 948 817 741 667 623 604 561 511 444 396 339 263 2004 2005 2006 2007 2008 2009 2010 2011
Slide 10: Financials Performance & Model
FINANCIALS PERFORMANCE & MODEL LONG-TERM HISTORICAL GROWTH 293.1 270.9 Total 242.2 Revenue 245.7 83.5 81.2 26.9% 62.7 67.1 26.8% EBITDA 26.9% margin 24.7% 72.7 78.9 Products 60.8 209.6 182.9 189.6 175.1 65.1 Subscription Services 2020 2021 2022 Q1-Q3 2020 2021 2022 Q1-Q3 2023 2023 EBITDA ($m)* Reven
Slide 11: Quarter's Results Third Quarter 2023
QUARTER’S RESULTS THIRD QUARTER 2023 ❖ Continued improvement in revenue and EBITDA: highest quarterly net income & EBITDA in 4 years ❖ Strong net subscriber growth: aftermarket 45k & OEM 2k $81.1m ❖ Very strong operating cash flow of $20.5m ❖ Quarter end net-cash of $38.0m; $72.7m services ❖ Dividen
Slide 12: $365M in Returns to Shareholders Since 2005
$365M IN RETURNS TO SHAREHOLDERS SINCE 2005 Q3 2023 CURRENT MARKET CAP • Increased dividend policy from $3m/q to $5m/q ~$520M $38m in balance sheet net cash • Announced $5m dividend • $1.9m shares bought back (extended in February 2023) DIVIDENDS ISSUED SINCE IPO SHARES BOUGHT BACK $305M $60M
Slide 13: Big-Data as a Growth Engine
BIG-DATA AS A GROWTH ENGINE ADDITIONAL VECTORS FOR FUTURE GROWTH Financing & Leasing Co’s Ituran Mob Car Sharing Platform • Brazil & Mexico • Targeting: • Targeting: • Car rental companies • Car financing companies • Advanced car sharing solutions • Car leasing fleets Big Data • Leveraging Ituran’s
Slide 14: Venturing into New Geographies
VENTURING INTO NEW GEOGRAPHIES Indian market: 250m+ registered vehicles via joint venture with Lumax
Slide 15: Mobility Innovation Center
MOBILITY INNOVATION CENTER powering Israel’s smart mobility
Slide 16: Mission Critical SaaS $1bn Valuation (Bringg)
$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 17: Thank You!
-oee- sesee0- 38e8sse- seseee. sesece see8 TECHNOLOGY DRIVEN BY PEOPLE THANK YOU!
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