u-blox january 2016...u-blox at a glance •a global technology company providing embedded wireless...

locate, communicate, accelerate

u-blox January 2016

u-blox at a glance

• A global technology company providing embedded wireless

communication and positioning solutions

• Broad customer base with more than 5’000 customers and significant

market share

• The only company focusing on wireless and positioning, delivered as

both integrated circuits and modules

• High product quality, comprising excellent reliability and environmental

friendliness, ensured because we design the chips and software ourselves

Disclaimer

This presentation contains certain forward-looking statements. Such forward looking statements reflect the current views of

management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause

actual results, performance or achievements of the Group to differ materially from those expressed or implied herein.

Should such risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary

materially from those described in this presentation.

u-blox is providing the information in this presentation as of this date and does not undertake any obligation to update any

forward-looking statements contained in it as a result of new information, future events or otherwise.

© u-blox Holding AG Slide 2

u-blox at a glance

• Swiss semiconductor company

• Founded in 1997

• Listed on the SIX Swiss Exchange since 2007 (SIX:UBXN)

• Core competencies

• Cellular communications technologies

• Satellite based positioning technologies

• Short range radio technologies

• Product offering

• Integrated circuits – the foundation of our solutions

• Modules – fully implemented, drop-in solutions

• Services – delivering added value to our solutions

• Market focus

• Automotive – robust, automotive grade products

• Industrial – durable components for professional electronics

• Consumer – mass market ICs and modules

• Business model

• Fabless operation

• Commercial, off-the-shelf products


Strong combination of technology and product offerings

Positioning Cellular

Communication Short Range

Communication

Integrated Circuits

Modules

Services and

Solutions

CellLocate® eCall Reference Designs

AssistNow™ Hotspot Maker boards


u-blox organization world-wide


Product Center Cellular

Sgonico, Italy San Diego, USA Melbourn, UK

Leuven, Belgium Lahore, Pakistan

Cork, Ireland

Product Center Positioning

Thalwil, Switzerland Reigate, UK

Espoo, Finland Tampere, Finland

Production / Logistics / Quality / IT / HR / Finance / Legal Worldwide

Sales & Marketing Worldwide

Corporate Management Thalwil, Switzerland

Product Center Short Range

Malmö, Sweden Athens, Greece Berlin, Germany

IC Design Center Thalwil, Leuven, Cork, Malmö, Athens

Worldwide presence – 24 locations

Irvine, USA

San Diego, USA

Beijing, China

Seoul, Korea

Tokyo, Japan

APAC head office Application engineering center

Singapore

Shanghai, China

Americas head office Sales, warehouse, application engineering, Reston, Virginia, USA

Shenzhen, China

Corporate headquarters Thalwil, Switzerland

Regional offices

Sgonico, Italy

Melbourn, Reigate, UK

Taipei, Taiwan

Bangalore, India

Leuven, BE

Lahore, Pakistan

Espoo and Tampere, Finland

Sales office

R&D center

Sydney, Australia Cork, IR

Malmö, Sweden

Athens, Greece


Berlin, Germany

Osaka, Japan

Chongqing, China

Our history 2015 Short Range Product Center established >700

2014 First 4G multi-mode cellular module 625

2013 First LTE module, and u-blox M8 concurrent multi-GNSS platform launched 450

2012 u-blox 7 multi GNSS platform launched; in-house cellular chip development 390

2011 CDMA cellular modules launched 220

2010 LISA 3G cellular modules launched 204

2009 First cellular module launched: LEON (2G) 190

2007 IPO on the Swiss Exchange 73

2006 u-blox 5 GPS platform launched 53

2003 Dead reckoning solution completed for the automotive industry 40

2002 Development of own GPS chip ANTARIS 30

1998 World‘s first surface-mount GPS module 15

1997 Founding of u-blox 6

Employees


Vision and Strategy

To be the leading, industry-quality, supplier of communications and positioning components in

the Internet of Things that Really Matter



(examples)


u-blox Market

Mobility and the Internet of Things drive our markets

Internet of Things

Sensors & Actuators Content

Mobility

Rover

Infrastructure


A wealth of applications

Internet of Things


Mobility

Rover

Automation

Security

Safety

Entertainment

Maintenance

Automation

Infrastructure

Installation

Management

Energy supply

Data transmission

Displays

Signage


Where u-blox technology plays

Internet of Things


Mobility

Rover

Infrastructure


IoT drives markets for connectivity technology


Source: McKinsey Institute, 2015; u-blox

Many application sectors diversify our business

Internet of Things


Mobility

Rover

Infrastructure


Consumer

• Portable devices

• Mobile computing

• Wireless access

• Entertainment

Industrial

• Fleet management

• Asset tracking

• Network infrastructure

• Professional radios

• Smart utility metering

• Payment

• Security

• Healthcare

Automotive

• Infotainment

• Vehicle-to-vehicle communications

• Security

• Insurance

Automotive applications


Internet of Things


Mobility

Rover

Applications:

In-car navigation, Automatic assistance in

accidents, Stolen vehicle recovery, eCall, Road

pricing, Connected car (Infotainment)

Infrastructure

u-blox brings best in class location

performance, V2X components, automotive

quality communications modules, and continuty

of supply through control of the core

technology

Industrial applications


Internet of Things


Mobility

Rover

Applications:

Fleet management, Payment, Asset tracking,

Usage-based insurance, Metering, Precision

timing

Infrastructure

u-blox has the broadest range of compatible

location and communication modules, with

price/performance matched to business-critical

applications

Consumer applications


Internet of Things


Mobility

Rover

Applications:

Toys, Wearables, Watches, Child and Pet

locators, Golfing equipment, Routers/Gateways

Infrastructure

u-blox products are chosen in these price-

competitive markets for reliable, safe operation

at competitive prices, with unique features

enabled by ownership of the core technology


u-blox Technology

u-blox Technology for Automotive


Business Model Drivers

• Disintermediation: allowing new businesses to connect the consumer with the provider directly

• Example: Uber (trip requests go direct to owner/driver taxis)

• Pay to use: connecting users to services charged on a specific usage model

• Example: UBI (Usage Based Insurance)

• Collective ownership: capital items shared by owners through location and communication

• Example: car sharing schemes with dynamic allocation of vehicles to users

• Safety: connecting and locating vehicles so that safety is improved

• Example: V2V (Vehicle-to-Vehicle) communication

The Automotive sector recognises and appreciates u-blox’ values and DNA


u-blox products cover a broad spectrum of applications

Rear Seat Entertainmaint

V2X Communication

Rear View

Camera

In-car Hotspot

Hands-free Telephony

GUI

Mirroring

& Simple Pairing

In-car Navigation

Vehicle

Diagnostics Internet

Connectivity

Emergency

Call

Slide 23 © u-blox Holding AG

V2X Technology and Market Highlights

• Vehicle to Everything (V2X) allows vehicles to communicate with each other and with the infrastructure, improving road safety

• It operates in unlicensed frequency bands and is based on IEEE 802.11p

• Embraced by US governmental authorities as the preferred technology for

Cooperative Intelligent Transportation Systems (C-ITS)

• Pilot and infrastructure V2X networks deployed in US and EU

• First US-OEM to be in production in 2017

Slide 24 © u-blox Holding AG

u-blox: the leading V2X product in a strongly growing

market

“V2X is quickest growing domain in Automotive – also at Delphi” Jeff Owens, CTO Delphi (Automobil Elektronik, 09-10/2015)


THEO-P1 is a compact, embedded transceiver module

for Vehicle-to-Everything (V2X) communication systems.

Most Mature V2X Module in the market

Best in world performance

Automotive grade

Compliance with WAVE and ETSI ITS G5 for US and

Europe operation

V2X Fused with autonomous implementations


Source: Gartner

Sensor-based solution • Cannot sufficiently mimic human sensors

• Not cost efficient for mass adoption

• Lack of adequate 360 deg mapping of environment in urban areas

Connected-vehicle solution • Does not work currently work with pedestrians, bicyclists, etc

• Might require significant infrastructure investment

• Need high market penetration to deliver value reliably

Converged solution • Convergence will facilitate adequate mimicking of human sensors • Convergence will reduce need for expensive mix of sensors and

reduce need for infrastructure

• Convergence will provide the necessary level of redundancy

Positioning

• Positioning is the most critical sensor for Highly Automated Driving

• High level of integrity required

• Needs aiding data services


Change of

lane

Repeated track

Roadmap to Highly Automated Driving

Slide 28

2015 2020 2025 2030

V2X Basis Data Fusion Collective Perception

Basic V2X Communication

• Roadwork warning

• Emergency Vehicle Warning

• Traffic-jam warning

• Post-crash warning

Fusion of V2X and Sensor Data

• ACC-Adjustment

• Lane Change Warning

• Simple Merge-In warning

Fully Developed Situation Analysis

• Advanced Merge-in assistance

• Hazardous Area Warning

• Platoon start at intersection

Cooperative Agreements

Active Coordination

• Highly Automated Driving

• Cooperative Merging

• Overtaking Assistance

GNSS Lane-level accurate positioning will be required to support applications from 2020

© u-blox Holding AG

u-blox expertise for the automotive industry

• 15 years experience with the sector

• Leader and reference in positioning

• Highly convincing offer for automotive market

• High product reliability over lifetime

• Top positioning performance

• Sensor fusion (dead reckoning)

• Long product availability

• Automotive quality system

• Deeply connected globally at OEM and Tier 1 level


u-blox Technology for Internet of Things that Really Matter


Business Model Drivers

• Low cost wireless connectivity: allowing anything to connect to the cloud

• Example: POS terminals

• Low power wireless connectivity: connecting devices that run from batteries for

years

• Example: Gas meters

• Cheap data storage and powerful analytics in the cloud: no hurdle for collecting data, analyze data and disseminate results from analysis

• Example: Fleet management

u-blox is leading new developments for the IoT market with low whole-life cost


Cellular connectivity growth

• Number of connected devices strongly growing

• M2M “non-cellular” the largest contributor

• Cellular M2M to grow substantially with NB-IoT technology

Source: Ericsson


LTE Technology is diverging, and enabling the IoT

Slide 33

WCDMA

384 kbps

LTE Cat 4

150 Mbps

LTE Cat 6/CA

600 Mbps

LTE Cat 0

1 Mbps LTE R13 Cat 00/MTC

125 kbps – 1 Mbps

Pe

rfo

rman

ce

Time

5G

20 Gbps

Traditional M2M Applications

Automotive Infotainment,

High-end routers

Mid-end routers, tablets etc

NB-IoT

48-360 kbps Low Power Wireless Access

today


GPRS

86 kbps

u-blox supporting and driving new cellular standards

• 2013: Part of the Vodafone

Special Interest Group

• 2014/5: Cooperated with

Vodafone and Huawei to

develop and demo the new

NB-IoT standards

• 2016: At the center of early

deployment and

commercialisation


Huawei: early 2015

GSMA: Dec 2015

u-blox leading connectivity technology for IoT

• Strong intellectual property in LTE

• Driving connectivity for adoption for IoT

• Positioning an important function for IoT

• BT(LE) and Wi-Fi complementary in many cases

• Low bandwidth LTE forecast to deliver

substantial volume, and opening new

applications


Financials H1.2015

0

50

100

150

200

250

300

2012 2013 2014 H1/13 H1/14 H1/15

APAC Americas EMEA

25%

25%

46%

41%

28%

35% 48%

26%

26%

48%46%

25%

29%

43.7

27%

30%

42%

28%

24%

(million CHF)

Revenues by geography

© u-blox Holding AG, March 19, 2015 Slide 37

Note: based on customers’ billing location

Growth in all geographic regions compared to H1/14

• Asia Pacific +29.9%

• EMEA: +24.3%

• Americas: +48.1%

Comments Revenues by geographic region

+ 33.1%

Revenue by markets

Note: Estimate

Comments Revenue split per market for H1.2015


• Excellent expansion in automotive sector – navigation, telematics-box

• Consumer market growth with wearable devices

• Industrial markets strong progress in tracking applications

Industrial

Consumer

Automotive

46.9% 46.0% 45.4%46.7%

47.4% 44.9%

0%

10%

20%

30%

40%

50%

60%

0

20

40

60

80

100

120

140

2012 2013 2014 H1/13 H1/14 H1/15

Gross Profit % of revenue

(million CHF) % of revenue

Gross profit


• Increase in gross profit to CHF 72.8m in H1/15 from CHF 57.6m

• Growth of gross profit of +26.3% compared to H1/14

• Gross profit margin in H1/15 declined compared to 2014 due to changes in the product mix

Comments Gross profit / Gross profit margin

+ 26.3%

0

1

2

3

4

5

6

7

0

5

10

15

20

25

30

2012 2013 2014 H1/13 H1/14 H1/15

Antaris u-blox 5 u-blox 6 u-blox 7 u-blox M8 ASP

(million pcs) (CHF)

0

2

4

6

8

10

12

0

5

10

15

20

25

2012 2013 2014 H1/13 H1/14 H1/15

Shipments modules ASP

(million pcs) (CHF)

Shipments and ASP development


• Growth of both module and chip volume

• Shipments of new positioning platform u-blox M8 has started

GPS/GNSS chips Modules

Note: incl. Atmel-Chipset sales

+ 31.0%

+ 48.3%

Global customer base


• Strong and stable customer base

• More than 5000 customers worldwide

• Continued wide spread over different applications and geographical regions

• Small customer dependency: Largest customer accounts for 9% of total revenue in H1/15

• 10 biggest customers account for 40% of total revenue in H1/15

• Strong market and technology position with further potential for profitable growth

Comments Number of customers totaling 80% of revenue

68 65 57

67 69

0

10

20

30

40

50

60

70

2010 2011 2012 2013 2014

0

10

20

30

40

50

60

70

2012 2013 2014 H1/13 H1/14 H1/15

Distribution & marketing / Research & development


Research & development expenses Distribution & marketing expenses

17.8 21.2

24.5

10.4 11.5 13.3

10.3% 9.7%

9.1%

9.9%9.5%

8.2%

0%

2%

4%

6%

8%

10%

12%

0

5

10

15

20

25

30

2012 2013 2014 H1/13 H1/14 H1/15

D&M % of revenues

(% of revenues)(million CHF)

32.7 38.9 49.9

20.1 22.7

29.9

18.9%

17.7%

18.5%19.2%

18.7%

18.5%

0%

5%

10%

15%

20%

25%

0

10

20

30

40

50

60

2012 2013 2014 H1/13 H1/14 H1/15

R&D % of revenues

(% of revenues)(million CHF)

Income statement


• Revenue increase of 33.1% from H1/14 to H1/15

• Increased gross profit by 26.3%

• Increased operational efficiency with OPEX 30.7% of revenue

• H1/15: costs for share based payments in the amount of CHF 2.2m

• EBITDA growth of 33.9% with margin of 22.6%

• EBIT growth of 31.9% with margin of 15.3%

• Finance costs contain realized and unrealized fx-loss of CHF 5.1m

• Tax rate of 19.1% compared to year end 2014 with 19.9%

• Net profit with margin of 9.2%

• EPS = CHF 2.25 (diluted EPS: CHF 2.17)

Comments Consolidated income statement (condensed)

*) Management calculates EBITDA (earnings before interest, taxes, depreciation and amortization) by adding back depreciation and amortization to

operating profit (EBIT), in each case determined in accordance with IFRS.

January - June Jan. - Dec.

(in CHF 000s) 2015 2014 2014

(unaudited) (unaudited) (audited)

Revenue 161'912 121'625 270'045

Cost of sales -89'158 -64'031 -147'323

Gross profit 72'754 57'594 122'722

Operating expenses -49'647 -38'897 -84'515

Other income 1'686 101 868

Operating profit (EBIT) 24'793 18'798 39'075

Financial income 198 1'090 4'546

Finance costs -6'502 -385 -658

Profit before income tax (EBT) 18'489 19'503 42'963

Income tax expense -3'525 -5'100 -8'566

14'964 14'403 34'397

Operating profit (EBIT) 24'793 18'798 39'075

Depreciation and amortization 11'748 8'489 19'529

EBITDA 36'541 27'287 58'604

Net profit, attributable to owners

of the parent

Reportable segments

• We report two segments according to IFRS 8:

• Positioning and Wireless products

Development and distribution of GNSS receivers and wireless communication products. They are sold by u-blox sales organization and produced by third

parties.

• Wireless services

Delivery of reference designs and software in the wireless communication

technology.


Segment information


*) Management calculates EBITDA (earnings before interest, taxes, depreciation and amortization) by adding back depreciation and amortization to

operating profit (EBIT), in each case determined in accordance with IFRS.

(in CHF 000s) 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Revenue third 161'760 121'532 152 93 161'912 121'625 161'912 121'625

Revenue intragroup 12'655 9'434 12'655 9'434 -12'655 -9'434 0 0

Total revenue 161'760 121'532 12'807 9'527 174'567 131'059 -12'655 -9'434 161'912 121'625

EBITDA 33'468 25'420 3'106 2'288 36'574 27'708 -33 -421 36'541 27'287

Depreciation -2'691 -2'122 -873 -801 -3'564 -2'923 - - -3'564 -2'923

Amortization -7'949 -4'902 -235 -664 -8'184 -5'566 - - -8'184 -5'566

EBIT

Financial income 198 1'090 198 1'090

Finance costs -6'502 -385 -6'502 -385

EBT -6'337 284 18'489 19'503

June 30 Dec 31 June 30 Dec 31 June 30 Dec 31 June 30 June 30 June 30 Dec 31

2014 2014 2014 2014 2014 2014 2014 2014 2014 2014

Assets 229'902 223'485 13'051 13'460 242'953 236'945 98'567 64'802 341'520 301'747

Positioning and

wireless products

Wireless services Total segments Non-allocated/

eliminations

Group

-33 -421 24'793 18'798

January - June January - June January - JuneJanuary - June January - June

19'21924'82622'828 18'396 1'998 823

Statement of financial position (1)


• Strong financial position with a liquidity (incl. marketable securities) of CHF 91.6m

• Inventory CHF 36.3m (Dec. 2014: CHF 33.3m)

• Increase of trade accounts receivable due to growing revenue

• Increased intangible assets due to acquisition and capitalization of R&D expenses

• Goodwill (June 2015: CHF 55.2m) net reduced by CHF 2.7m as result of exchange rate changes and the acquisition of Lesswire

Comments Statement of financial position (condensed)

June 30, Dec. 31, June 30,

(in CHF 000s) 2015 2014 2014

(unaudited) (audited) (unaudited)

ASSETS

Current assets

Cash and cash equivalents 74'729 37'662 30'390

Marketable securities 16'862 21'730 24'920

Trade accounts receivable 39'767 38'842 35'179

Other current assets 52'847 54'862 38'558

Total current assets 184'205 153'096 129'047

Non-current assets

Property, plant and equipment 14'807 14'836 13'824

Goodwill 55'207 57'903 53'265

Intangible assets 79'823 70'502 58'864

Financial assets 592 584 480

Deferred tax assets 6'886 4'826 6'104

Total non-current assets 157'315 148'651 132'537

Total assets 341'520 301'747 261'584

Statement of financial position (2)


• Trade accounts payable of CHF 19.7m

• Short-term bank loan of CHF 20.0m paid back

• Bond of CHF 60m issued in April 2015 (6 years, interest rate 1.625%)

• Non-current liabilities contain in addition to the bond

• Deferred tax liabilities (CHF 4.2m),

• Employee benefits (pensions) (CHF 10.0m)

• Provisions (CHF 5.3m)

• Share capital increase due to exercise of options

Comments Statement of financial position (condensed)

June 30, Dec. 31, June 30,

(in CHF 000s) 2015 2014 2014

(unaudited) (audited) (unaudited)

LIABILITIES AND EQUITY

Liabilities

Current liabilities 42'485 70'860 56'017

Non-current liabilities 80'644 18'011 14'615

Total liabilities 123'129 88'871 70'632

Shareholders’ equity

Share capital 6'034 5'930 5'899

Share premium 83'219 89'531 88'340

Retained earnings 129'138 117'415 96'713

218'391 212'876 190'952

Total liabilities and equity 341'520 301'747 261'584

Total equity

Statement of cash flows


Comments Consolidated cash flow Statement (condensed)

• Operational cash flow 12.7% of revenues (increase by 31.1% to H1.2014)

Cash flow from investing activities:

• CHF -4.3m investments into property, plant and equipment (tools, furniture, equipment)

• CHF -16.0m investments into intangible assets (Software, capitalization of R&D)

• CHF 4.7m proceeds from marketable securities

Cash flow from financing activities:

• CHF -10.7m dividend 2014 paid in May 2015

• CHF +4.5m capital increase from options

• CHF +39.4m net cash flow from issuance of bond and repayment of bank loan

Jan. - June 2015 Jan. - June 2014

(in CHF 000s) (unaudited) (unaudited)

20'522 15'655

-15'751 -33'882

33'232 15'778

38'003 -2'449

37'662 33'163

-936 -324

74'729 30'390

Net increase/(decrease) in cash

and cash equivalents

Cash and cash equivalents at

end of period

Net cash generated from operating

activities

Net cash used in investing activities

Net cash provided by financing

activities

Cash and cash equivalents at

beginning of period

Effect of exchange rate fluctuations

on cash and cash equivalents

Outlook

Goals

• Grow business with new products

• Wireless

o Expansion of module product line

• Positioning

o Migration to u-blox 8

o Expansion of module product line

• Continued focus on strategic development

• Strengthening of the global presence

• Operational excellence for higher efficiency

Slide 49

• Continued strong business growth in 2015

• Some impact by product mix on relative gross margin

• Natural hedging maintains relative gross margin against foreign exchange variations

• Exchange rate assumptions for 2015: EUR/CHF: 1.065 USD/CHF: 0.974 GBP/CHF: 1.500

• FX-sensitivity against CHF on Guidance 2015

Financial performance outlook 2015

© u-blox Holding AG, March 19, 2015

*) This guidance is based on the absence of unforeseen economic adversity and exchange

rates assumed at budget level

+10% of USD EUR GBP

Revenue + 8.4% + 1.5% 0%

EBIT + 21.4% + 0.8% - 1.3%

Actual

FY 2014

Actual

HY 2015

Unchanged

Guidance 2015*)

Revenue 270.0m 161.9m 335 – 345m

EBIT 39.1m 24.8m 48 – 53m

CHF CHF CHF

Business model and execution

Our fabless model – focus on customer and technology

• We focus on our core activities

• R&D of the technologies that we want to control

• Development of the relationship with the customer

• Then leverage standardized manufacturing processing

• Making and Packaging the integrated circuits

• Large scale processes with huge capex cost

• Take advantage of Moore’s law; 28nm for today’s designs

• Assembly of electronics components

• Surface mount technology SMT with high capex

• Dedicated assembly lines, fully automated

• u-blox jigs, fixtures and test routines

• Take advantage of the purchasing power of the assembly partner

• As we grow our volumes we get more influence over our supply chain


Our fabless model – with reliable partners


Irvine, USA

San Diego, USA


Sgonico, Italy

Melbourn, Reigate, UK

Leuven, BE

Lahore, Pakistan

R&D center

Cork, IR

Malmö, Sweden

Athens, Greece

Americas head office Sales, warehouse, application engineering, Reston, Virginia, USA



High R&D investment for expanding technology leadership

18% of sales invested in R&D

Premium reliability based on strict conformance to automotive standards

In-house 4G technology

Products addressing all satellite positioning

standards

Experts in low-power concurrent GNSS chip

design

Advanced nested design module philosophy & customer-friendly

form factor roadmap

Industry leading 3D Automotive Dead

Reckoning solution

Industry‘ leading anti-jamming technology

CellLocate®: first hybrid embedded positioning

solution based on 2G, 3G cell visibility


Multi-site R&D

• 13 R&D sites around the globe

• Giving access to technology pools

• Allowing recruitment of top talent

• Cost optimization

• Strong culture of inter-site exchange

• One u-blox program management system


Corporate headquartersThalwil, Switzerland

Irvine, USASan Diego, USA


Sgonico, Italy

Melbourn,Reigate, UK

Leuven, BE

Lahore, Pakistan

R&D center

Cork, IR

Malmö, Sweden

Athens, Greece


Acquisitions for accelerated growth

POSITONING

CELLULAR

SHORT RANGE

*Acquisition of assets

Geotate SigNav* Fastrax

NeonSeven Fusion Wireless

4M Wireless

Cognovo

connectBlue antcor

Air Semi*


lesswire*

2009 2011 2012 2014 2015 2010

Direct sales for strong customer relationship

• Our products are key components and core to our customers‘ products

• Products need pre-sales technical

support, free of charge

• The feedback from the customer is

essential for successful product

positioning and innovation

• Focus in sales channel increases market

penetration

• Own logistics outpaces competition


Irvine, USA

Beijing, China

Seoul, Korea

Tokyo, Japan

APAC head office Application engineering centerSingapore

Shanghai, China

Americas head officeSales, warehouse, application engineering,

Reston, Virginia, USA

Shenzhen, China


Regional offices

Taipei, Taiwan

Bangalore, India


Sales office

Sydney, Australia

Malmö, Sweden

Osaka, Japan

Chongqing, China

Competitive landscape

• Chips: Large semiconductor

manufacturers

• Qualcomm (US)

• Intel (US)

• Avago/Broadcom (US)

• ST Microelectronics (CH)

• Mediatek (TW)


• POS Modules vendors

• Trimble (US)

• Asian local assemblers (CN, JP, KR,

TW)

• CEL Modules vendors

• Telit (IT)

• Cinterion (DE)

• Sierra Wireless (US)

• SIMCom (CN)

• Asian local assemblers (CN, KR, JP)

• SHO Module vendors

• Highly fragment market with more than 40 competitors world-wide

Why customers choose u-blox

Dependable

• Public company financially very solid

• Strong global market presence with support from more than 14 locations world wide

• Full control over value chain and product road map

• High product quality, excellent reliability and environmentally friendly

Competent

• Leading IP for wireless and positioning technology

• Technology made available n the form chips and modules

• Very competent technical and commercial support

• Highly dynamic company developing products and processes for maintaining a leading position


Key reasons to invest in u-blox

• Unique market access as the only company focusing on chipsets and modules

for wireless and positioning technology

• Technology leadership resulting in attractive products at competitive cost

• Fabless business model with attractive cash conversion

• Excellent brand reputation reflected in broad customer base with 5000

customers and significant market share

• Strong quality reputation

• Growing end markets with long product cycles: industrial, automotive and

consumer driven by mobility and expansion of infrastructure

• Long standing management team with excellent track record

• Consistent strong cash-flow and growth in financial performance over the last years


Corporate Information

Legal structure u-blox group u-blox Holding AG Thalwil, Switzerland

u-blox AG Thalwil, Switzerland

(Headquarter)

u-blox Singapore Pte. Ltd. Singapore

u-blox Japan K.K. Japan

u-blox Asia Pacific Ltd. Hong Kong

100% 100% 100% 100%

u-blox Italia S.p.A. Italy

100%

u-blox Espoo Oy Finland

100%

u-blox America, Inc. USA

u-blox AG Beijing representative office Beijing

Representative office of

u-blox Singapore Pte. Ltd. Taipei

u-blox Singapore Pte. Ltd. (Branch office) Seoul

Sales organization R&D entities

u-blox AG Shenzen representative office Shenzen


u-blox Singapore Pte. Ltd. Bangalore


u-blox Singapore Pte. Ltd. Sydney

u-blox AG Shanghai representative office Shanghai

100% u-blox UK Ltd. UK

u-blox San Diego Inc. USA

100%

u-blox Luton Ltd. UK

100%

u-blox Melbourn Ltd. UK

100%

u-blox Lahore (Private) Pty. Pakistan

100%

u-blox Melbourn Ltd.

Leuven Branch Belgium

100% u-blox Cork Ireland

u-blox Malmö Sweden

100% ConnectBlue Inc. USA

u-blox Athens Greece

100%

u-blox Berlin Germany

100%


u-blox AG Chongqing representative office Chongqing

100%

Board of directors

Fritz Fahrni Chairman

Member NCC

André Müller Member AC

Prof. Gerhard Tröster Chairman NCC

Soo Boon Quek Dr. Paul van Iseghem

Chairman AC

Additional information – see Corporate Governance and Financial Report 2014 p. 8 - 13

Thomas Seiler CEO

Jean-Pierre Wyss COO


Executive Committee

Additional information – see Corporate Governance and Financial Report 2014 p. 14 - 16

Thomas Seiler CEO

Head of Marketing and Sales

Jean-Pierre Wyss Executive Vice President

Head of Production and Logistics

Co-founder u-blox AG

Daniel Ammann Executive Vice President

Positioning Products


Andreas Thiel Executive Vice President

Wireless Products


Roland Jud CFO


Shares

Stock Exchange SIX Swiss Exchange

Swiss Security Number / ISIN 3336167 / CH0033361673

Ticker UBXN

Nominal value CHF 0.90

Shares issued 6‘704 ‘100 (June 30, 2015)

Market cap CHF 905 Mio. (December 31, 2014) CHF 1’268 Mio. (June 30, 2015)

High / Low 52 weeks CHF 143.00/ CHF 99.25 (December 31, 2014)

Latest market price CHF 189.00 (August 31, 2015)


Analyst Coverage & Market making

Analysts

• Zürcher Kantonalbank Andreas Müller

• Credit Suisse Felix Remmers

• Bank Vontobel Michael Foeth

• Main First Michael Inauen

• Bank am Bellevue Christoph Wirtz

• Kepler Chevreux Bernd Laux

• Baader/Helvea Günther Hollfelder

• Bank Julius Bär Bruno Winiger

Market making

• Zürcher Kantonalbank

Please note that any opinions, estimates or forecasts regarding u-blox' performance made by these analysts are theirs alone and do not represent

opinions, forecasts or predictions of u-blox or its management.



Upcoming events

• Annual results 2015: March 18, 2016

• Annual General Meeting: April 26, 2016

Slide 66

Investor relations contact

Thomas Seiler Chief Executive Officer u-blox Holding AG Zürcherstrasse 68 8800 Thalwil, Switzerland Phone: +41 44 722 74 44 Fax: +41 44 722 74 99 E-mail: [email protected]

Roland Jud Chief Financial Officer u-blox Holding AG Zürcherstrasse 68 8800 Thalwil, Switzerland Phone: +41 44 722 74 44 Fax: +41 44 722 74 99 E-mail: [email protected]


Thank you!


u-blox january 2016...u-blox at a glance •a global technology company providing embedded wireless...

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