Ituran Location and Control Ltd. (NASDAQ:ITRN) Q3 2023 Earnings Conference Call November 27, 2023 9:00 AM ET Company Participants Kenny Green - Investor Relations Eyal Sheratzky - Chief Executive Officer Eli Kamer - Chief Financial Officer Conference Call Participants As I said a few weeks ago, Israel is a small country, such that everyone knows a family that has either had a son, daughter, parent, or grandparent murdered or kidnapped by Hamas. We pray for the victims as well as their families, friends and ...

Exhibit 99.1 ITURAN PRESENTS THIRD QUARTER 2023 RESULTS Growth in subscriber revenue from continued subscriber growth leading to record EBITDA Net subscriber growth in Q3 2023 of 48,000 AZOUR, Israel – November 27, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2023. Highlights of the Third Quarter of 2023 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are pleased with our third quarter results. The accelerat ...

Solid performance in our traditional aftermarket business as well as recovery in the OEM business and especially the growth engines, weÂ've seen that in the past years are all driving our strong subscriber growth and record revenue. While we continue to monitor talk of a potential global economic slowdown ahead, historically, we found the set rates tend to increase in economic downturns, increasing the demand for our services and beyond it. Our 2.2 million subscriber base, paying us on an ongoing monthly ba ...

ITURAN PRESENTS ITS SECOND QUARTER 2023 RESULTS Record revenue contributed from recent strong subscriber growth Net subscriber growth in Q2 2023 of 47,000 AZOUR, Israel – August 15, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2023. Highlights of the Second Quarter of 2023 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are very pleased with the results of the second quarter of 2023, especially with our hig ...

Financial Data and Key Metrics - Q1 2023 revenue was $79.5 million, a 10.3% increase compared to $72.1 million in Q1 2022 [11] - Subscription revenue for Q1 2023 was $55.8 million, an 11% increase year-over-year [11] - Net income for Q1 2023 was $11.4 million, or 14.3% of revenue, compared to $8.7 million, or 12.1% of revenue, in Q1 2022 [12] - EBITDA for Q1 2023 was $20.8 million, or 26.2% of revenue, an 8% increase compared to $19.3 million in Q3 2022 [28] - Cash flow from operations for Q1 2023 was $17.4 million [12] - The company had $33.5 million in cash and marketable securities, with $9.2 million in debt, resulting in a net cash position of $24.3 million as of March 31, 2023 [12] Business Line Performance - The subscriber base reached 2,115,000 as of March 31, 2023, with a net addition of 49,000 subscribers in Q1 (44,000 from the aftermarket and 5,000 from OEM) [11][27] - Product revenue for Q1 2023 was $23.7 million, an 8% increase compared to Q1 2022 [28] - Subscription gross margin reached a record 58.1% in Q1 2023, reflecting improved operating leverage [23] Market Performance - Geographic revenue breakdown for Q1 2023: Israel (51%), Brazil (24%), and the rest of the world (25%) [28] - The Israeli market saw a significant increase in demand for stolen vehicle recovery services, driven by insurance companies [9] Strategy and Industry Competition - The company is confident in its subscriber growth trajectory, expecting to add between 180,000 to 200,000 net new subscribers annually [8] - New verticals, such as finance segments and usage-based insurance (UBI), are contributing to subscriber growth [9] - The company anticipates continued growth in 2023 and beyond, driven by operational leverage and strong performance in traditional aftermarket and OEM businesses [10][24] Management Commentary on Operating Environment and Future Outlook - Management highlighted the positive impact of operational leverage, with new subscribers adding to revenue without significant cost increases [23] - The company expects continued growth in subscription revenue and profitability, supported by its 2 million-plus subscriber base [24] - Despite global economic slowdown concerns, the company remains optimistic about its growth prospects [24] Other Important Information - A dividend of $3 million was declared in Q1 2023 [29] - The company repurchased 54,000 shares for $1.2 million under its share buyback program [29] Q&A Session Summary Question: Can you provide details on the uptick in OEM subscribers this quarter? [32] - The increase in OEM subscribers is attributed to recovery and seasonality, with expectations of continued growth in the coming year [33] Question: Can you discuss operating expenses and strategies to manage them? [15] - Operating expenses are expected to stabilize as revenue growth outpaces cost increases, with operating leverage benefiting margins [34] Question: What is the outlook for subscriber growth in the coming quarters? [43] - The company reaffirmed its guidance of 180,000 to 200,000 net new subscribers annually, driven by growth in new and traditional segments [43] Question: Should we expect a slowdown in fleet management subscriber growth? [46] - While percentage growth may decrease due to the larger subscriber base, absolute growth in fleet management subscribers is expected to continue [46][47] Question: Are there specific sales and marketing projects driving the increase in expenses? [37] - Sales and marketing expenses remained stable, with no significant changes in Q1 2023 [37][38]

Exhibit 99.1 ITURAN PRESENTS ITS FIRST QUARTER 2023 RESULTS Net subscriber growth in Q1 2023 of 49,000 Expects current strong subscriber net adds to contribute to accelerated revenue growth in 2023 AZOUR, Israel – May 24, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the first quarter of 2023. Highlights of the first quarter of 2023 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are very pleased with the results of the first qua ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

Ituran Location and Control Ltd. (NASDAQ:ITRN) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Ehud Helft - EK Global Investor Relations Eyal Sheratzky - Co-CEO Eli Kamer - CFO Udi Mizrahi - Deputy CEO and VP, Finance Conference Call Participants Chris Reimer - Barclays Gavin Kennedy - Jefferies Abba Horovitz - Old School Partners Operator Ladies and gentlemen, thank you for standing by. Welcome to the Ituran Fourth Quarter 2022 Results Conference Call. [Operator Instructi ...

Exhibit 99.1 ITURAN PRESENTS RECORD SUBSCRIBER GROWTH, RECORD REVENUE & RECORD EBITDA IN ITS FULL YEAR 2022 RESULTS Subscriber-adds in Q4 of 46,000 and 185,000 for FY 2022 Expects recent strong subscriber growth to contribute to accelerated growth in 2023 AZOUR, Israel – February 28, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter and full year of 2022. Revenues for the fourth quarter of 2022 were $74.9 million, an increase of ...

Ituran Location and Control Ltd. (NASDAQ:ITRN) Q3 2022 Earnings Conference Call November 21, 2022 9:00 AM ET Â Company Participants Eyal Sheratzky - Chief Executive Officer Eli Kamer - Executive Vice President, Chief Financial Officer Kenny Green - EK Global Investor Relations Conference Call Participants Chris Reimer - Barclays Abba Horwitz - OSP Operator Ladies and gentlemen, thank you for standing by. Welcome to the Ituran third quarter 2022 results conference call. All participants are at present in lis ...