Ituran Location and Control (ITRN) Investor presentation summary

Business overview and market position

• Profitable and cash-flow positive for over 20 years, with a ~$1bn market cap and strong balance sheet holding $108m in net cash.

• Market leader in telematics and stolen vehicle recovery (SVR) in Latin America and Israel, expanding into Mexico, Ecuador, Colombia, India, and Chile.

• Recurring revenue model with 70% of revenue from subscriptions and over 2.6 million global subscribers.

• Deep partnerships with major OEMs, insurance, and finance companies, including new agreements with Stellantis, Fiat, and Renault.

• Over 30 years of SVR experience, with an industry-leading 80%+ vehicle recovery rate.

Financial performance and shareholder returns

• Achieved record Q4 and FY 2025 results: total revenue up 13%, subscriber revenue up 15%, and EBITDA run-rate over $100m.

• Q4 2025 revenue was $93.5m, with $82.9m from services and $15.3m from products; net income margin at 27.1%.

• FY 2025 revenue reached $359m, EBITDA $96.2m, and net income $58.0m, with a 26.8% EBITDA margin.

• Returned ~$0.5bn to shareholders since IPO, with a 2025 dividend yield of ~7% and $13.5m remaining buyback authorization.

• Net cash increased to $107.6m by year-end 2025, with $29.4m operating cash flow in Q4.

Growth drivers and innovation

• Subscriber base grew at a 12% CAGR, reaching 2.63 million by end of 2025, with 160-180k net adds expected in 2026.

• Launched new products such as Ituran MOB in Brazil and the US, and expanded motorcycle telematics in South America.

• JV with Griiip for real-time telemetry in motorsports, targeting 60,000 racing events annually.

• Carbon credit platform connects EV drivers with carbon emitters, aiming for commercialization by end of 2026.

• Leveraging big data for new monetization opportunities, supporting OEMs and authorities with advanced analytics.