Ituran Location and Control Ltd. · NASDAQ:ITRN
Ituran Location and Control — Investor Presentation (June 2024)
17 slides from Ituran Location and Control's investor presentation, June 2024
Slide 1: Investor Presentation June 2024
INVESTOR PRESENTATION JUNE 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 2.3m 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
2.29m After-market sub growth at total subs SUBSCRIBER 11% 453 430 OEM subs GROWTH organic 417 CAGR 435 1,853 # subscribers ‘000s at period-end 1,820 489 549 440 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
Slide 10: Financials Performance & Model
FINANCIALS PERFORMANCE & MODEL LONG-TERM HISTORICAL GROWTH 320.0 Total Revenue 85.4 Products 27.2% 26.9% EBITDA margin 26.8% 90-95 Subscription 234.5 Services 87.0 78.9 72.7 2021 2022 2023 2024E 2023 EBITDA ($m)* Revenues ($m) *2020 excludes impairment charges related to the acquisition of Road Trac
Slide 11: Quarter's Results First Quarter 2024
QUARTER’S RESULTS FIRST QUARTER 2024 ❖ Record financial metrics across the board ❖ Solid net subscriber growth: aftermarket 33k & OEM 6k ❖ Operating cash flow of $11.4m $85.0m ❖ Quarter end net-cash of $54m; $79.5m ❖ Reiterates 2024 EBITDA guidance of $90-95m services services $60.9m $55.8m $13.0m $
Slide 12: $380M in Returns to Shareholders Since 2005 IPO
$380M IN RETURNS TO SHAREHOLDERS SINCE 2005 IPO Q1 2024 CURRENT MARKET CAP • Increased dividend policy in 2023 from $3m/q in Q2 to ~$550M $5m/q in Q3 to $8m/q in Q4 $54m in balance sheet net cash • Announced $8m dividend for Q1 2024 SHARES BOUGHT BACK DIVIDENDS ISSUED SINCE IPO $60M $320M
Slide 13: Big-Data as a Growth Engine: Additional Vectors for Future Growth
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: Bringg $1bn Valuation
$1bn valuation 16% 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 a
Slide 17: Thank You!
-oee- sesee0- 38e8sse- seseee. sesece see8 TECHNOLOGY DRIVEN BY PEOPLE THANK YOU!
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