hello. meet February 2018
Safe Harbor Safe Harbor Statement - The following presentation contains statements about expected future events that are forward-looking and subject to risks and uncertainties. For these statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For a discussion of factors that could cause actual results to differ materially from expectations, please refer to the risk factors described in our filings with the SEC. Non-GAAP Financial Measures - Non-GAAP gross margins, operating expenses, and earnings per share exclude restructuring charges, share-based compensation expenses, amortization of the debt discount and debt issuance costs associated with our convertible notes, charges related to acquisition and divestiture activities and acquisition-related intangible-asset amortization. This presentation contains references to certain non-gaap financial measures and should be viewed in conjunction with our press releases and supplementary information on our website (www.inseego.com) which present a complete reconciliation of GAAP and Non-GAAP results. 2
INSEEGO INTRODUCTION
Leadership Team Dan Mondor Chief Executive Officer Steve Smith Chief Financial Officer Ashish Sharma Chief Marketing Officer EVP IoT & Mobile Solutions Chris Lytle Chief Strategy Officer EVP Telematics and SaaS John Levin & Co. 4
Inseego: Mobilizing the Enterprise A Unifying Connectivity Portfolio for the Future Connecting new enterprises and devices Vertical Specific use cases Empowering new user experiences Location Aware services Enabling new services and applications Delivering new levels of efficiency 5
We re a SaaS, IoT & Mobile Solutions Company 6
Enterprise SaaS Solutions Build ROI with Enterprise SaaS Ctrack Telematics Asset tracking and monitoring Fleet management Asset risk, security and recovery Predictive analytics Subscriber Management Solution Integrates with Network Operator systems Automate orders Process real-time usage Why we are different Device agnostic Targeted application solutions Secure Simple-to-use, powerful User Interface 7
IoT & Mobile Solutions Deploy Secure IoT & Mobile Solutions Consumer USB Modems High Performance Modems - Skyus Fixed Wireless Home Broadband & Voice Mobile Hotspots - MiFi 8
Over 30 Years of Industry Innovation 1st GSM based Fleet Management platform in Europe Early 2000 s Europe s Largest Fleet Management Deployment for Utilities Vertical (Thames) 2004 Africa s Largest deployment at single client of a telematics emergency solution (SAPS) 2008 Industry s Largest Known Insurance Telematics (UBI) Deployment 2014 Industry s First E2E Airport Asset Tracking Solution (KLM) 2015 Industry s First Introduction of Fleet Management Platform RTMS Compliance for Heavy Transport 2016 Enterprise SaaS 1990 s Today IoT Mobile Solutions Early 1990s: GSM > CDPD Late 1990s: CDMA (IS-95A) 2000: GPRS Early 2000s: CDMA2000 1X EV-DO > UMTS > EDGE 2005: HSPA and WiMAX 2009: LTE 2012-2013: LTE-A 2016: LTE-M 2017: NB-IoT > LTE-U Early 1990s: Industry introduction of modems for PDAs adds fuels to burgeoning mobile revolution Late 1990s-2000s: Revolutionized laptop mobility with Merlin PC cards in CDMA, GPRS, Ricochet technologies 2005: Fixed Mobile Convergence in Europe with World s first 3G Voice/Data Router 2006-2007: Industry-first ExpressCard and USB modems 2009+: Industry introduction of intelligent mobile hotspot technology sold through 30+ Global Network Operators worldwide 2010: Time Magazine recognizes MiFi and Amazon Kindle (enabled by Inseego 3G modules) as two of the Top 100 Gadgets of ALL TIME 2012: MiFi technology delivers Billions $USD revenue to industry and first to launch with LTE 2015: Connectivity challenges simplified with fixed wireless VoLTE Voice/Data solution 2017: 5G NR mmwave Collaboration with Verizon and Qualcomm spark the dawn of a new era with unlimited possibility 9
Trusted by Fortune 1000 Customers Inseego has provided global customers with secure and innovative SaaS & IoT solutions for over 30 years. South Africa 10
Global Footprint North America Europe Africa Australia & New Zealand Inseego s global presence Novatel Wireless Est. 1996 Listed Nasdaq 2000 Ctrack Acquisition. 2015 1986 DigiCore, Ctrack Est. 1999 Feeney Wireless Est. 2015 Feeney Wireless Acquisition 2017 Rebranded to Inseego Presence in over 50 markets worldwide 900+ employees globally 700,000 global subscribers 200,000+ fleet management subscribers Tens of millions of devices shipped 11
MARKET TRENDS & OPPORTUNITY
Enterprise Mobility Trends Key Business Drivers Streamlined Workflows Business Process Alignment Data Access Cross-team Collaboration Mobile-optimized companies see 30% better processes 40% of companies are planning to prioritize the mobilization of business-oriented applications over the next two years. 60 Minutes a Day in Production By transforming communication processes, organizations can achieve 60 min/person/day, a savings of 12% staff time. 87% Better Decision Making 87 percent of organizations have reported faster problem resolution. $3.7 Million Annual Savings Presence-enabled communications minimized time spent locating others by 30 minutes per day. 13
Enterprise Mobility Market Long Term Growth Opportunity Benefit: Increased Worker Productivity: 240 Hours /ANNUAL Enhanced Customer Experience Intelligence Delivers ROI Enterprise Mobility Spend ~$500B in 2017 (IDC) IT Spend on Mobility Solutions to Grow 33% CAGR 2017-2020 (IDC) Worldwide Mobility Solutions spending to hit $1.72T(Global): Hardware, Software and Services 1/3 of large corporations to employ smart machines which require connectivity, failover, and analytics 47% of large companies plan to spend on business continuity through 2020 SOURCE: IDC 2017 14
IoT Market Segments (US & Western Europe) Consumer Cross Industry Government Healthcare Manufacturing Retail Transportation Utilities Enterprise SaaS Platform Market Size 15% - 20% CAGR through 2020 IoT Devices Market Size 15% CAGR through 2021 SOURCES: IDC 2017; Gartner 2017; Berg 2017 15
5G Fixed Wireless Access: United States First Target of Opportunity U.S. Fixed Wireless Market (FWA) 2000+ Network Operators National and Regional Total Addressable Market 106+ Million Fixed Broadband Subscribers Sources: TelecomCompetitor; Statista 2018; Telecoms Nov 2017 16
OUR CUSTOMERS
Enterprise Customers IOT SERVICES Remote Monitoring Failover Digital Signage City Infrastructure ASSET MANAGEMENT AND TRACKING Connected Airport / Aviation Heavy Equipment Theft Prevention and Recovery Cold Storage Workforce Monitoring TELEMATICS Enterprise Fleet Management Logistics Insurance Telematics
SMB Customers IOT SERVICES Remote Monitoring Failover Digital Signage Connectivity ASSET MANAGEMENT AND TRACKING Heavy Equipment Cold Storage Workforce Monitoring Billing Stolen Vehicle Recovery South Africa TELEMATICS SMB Fleet Management Public Safety Logistics Insurance Telematics
Service Provider Customers BUSINESS MOBILE CONNECTIVITY RESIDENTIAL BROADBAND FIXED VoLTE / LTE BROADBAND FLEET MANAGEMENT SERVICES IoT CONNECTIVITY SUBSCRIBER MANAGEMENT SOLUTIONS
What Customers are Saying Enterprise SaaS IoT & Mobile...KLM has experienced significant ROI as a result of reduced costs... The Ctrack system forms an essential aspect of our overall efficiency program. Inseego's solution fits really well with our Platform and provides a reliable and innovative solution...it has been an extremely stable and hands-off experience. I m extremely pleased with the stability and quality of the product. 21
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