Financial Data and Key Metrics Changes - Ituran reported record full year revenue of $293 million, an 8% increase from $270.9 million in 2021 [13] - EBITDA for 2022 was a record $78.9 million, representing a 9% increase compared to $72.7 million in 2021 [16] - Net income for 2022 was $37.1 million, an 8% increase from $34.3 million in 2021, with diluted earnings per share rising to $1.82 from $1.65 [17] Business Line Data and Key Metrics Changes - Subscription revenue for Q4 2022 was $53.9 million, a 10% increase year-over-year, with local currency growth of 14% [12] - The subscriber base reached 2,066,000 by the end of 2022, with a net increase of 185,000 year-over-year [14] - Product revenues for Q4 2022 were $21.1 million, a 2% decrease compared to Q4 2021, but a 4% increase in local currency terms [15] Market Data and Key Metrics Changes - Geographic revenue breakdown for Q4 2022: Israel 50%, Brazil 25%, rest of the world 25% [16] - The company experienced strong subscriber growth in its traditional aftermarket business, contributing significantly to overall revenue growth [9] Company Strategy and Development Direction - Ituran aims to continue its accelerated subscriber growth, projecting annual net new subscriber adds between 180,000 to 200,000 [6] - The company is focusing on enhancing its operating leverage model, which allows for increased profitability without a corresponding rise in costs [8] - Ituran is expanding its service offerings, including UBI and financial services for car loans, to drive future growth [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that the improvements made in the business over the past few years will sustain subscriber growth [10] - The company anticipates that the positive trends observed in 2022 will continue into 2023 and beyond [10] - Management acknowledged challenges such as increased costs of components but expects improvements in margins as these costs stabilize [26] Other Important Information - Cash flow from operations for 2022 was $45.1 million, down from $55.8 million in 2021, primarily due to growth in the Brazilian business [18][19] - As of December 31, 2022, the company had cash and marketable securities of $28.2 million and net cash of $16 million [21] - A dividend of $3 million was declared for Q4 2022, and the company repurchased 357,000 shares totaling $8.4 million during the year [22] Q&A Session Summary Question: Subscriber mix and OEM characteristics - Management noted that OEM sales depend on car producers, while aftermarket sales allow for more influence and diversification in customer base [24][25] Question: Future gross margin outlook - Management expects improvements in hardware margins in 2023 due to changes in component markets and operating leverage from new subscribers [26] Question: Growth drivers for aftermarket in 2023 - Key growth drivers include increased subscriber base, higher demand from insurance companies, and expansion into new service segments [28] Question: Operating margin trajectory - Management indicated that gross and operating margins are expected to grow due to recurring revenue and improved component costs [29] Question: Cash management and debt repayment - The company plans to pay off its remaining debt by September 2023, after which it will have no debt [33] Question: Investment strategy and share repurchase - Management confirmed an additional $10 million for share buybacks in 2023, indicating confidence in cash position [35]

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 ...

Exhibit 99.1 AZOUR, Israel – November 21, 2022 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2022. Highlights of the Third Quarter of 2022 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are very proud to have crossed this significant milestone for our company of 2 million subscribers. Over the past four quarters our subscriber growth has accelerated dramatically and is the culmination of many years effort in addi ...

Ituran Location and Control Ltd. (NASDAQ:ITRN) Q2 2022 Earnings Conference Call August 29, 2022 9:00 AM ET Company Participants Eyal Sheratzky - Chief Executive Officer Eli Kamer - Executive Vice President, Chief Financial Officer Ehud Helft - GK Global Investor Relations Conference Call Participants Chris Reimer - Barclays Gavin Kennedy - Jefferies Boris Schneider - More Mutual Funds. Abba Horwitz - OSP Operator Ladies and gentlemen, thank you for standing by. Welcome to the Ituran second quarter 2022 resu ...

Exhibit 99.1 ITURAN LOCATION AND CONTROL LTD. PRESENTS RESULTS FOR THE SECOND QUARTER OF 2022 AZOUR, Israel – August 29, 2022 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2022. Highlights of the Second Quarter of 2022 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are very pleased with the results of the second quarter, especially at a time when component supply chains remained tight and new car sales remain co ...

Financial Data and Key Metrics Changes - The company reported revenues of $72.1 million for Q1 2022, a 7% increase from $67.4 million in Q1 2021 [14] - Subscription revenues reached $50.2 million, growing 10% year-over-year [14] - Net income for Q1 2022 was $8.7 million, or 12.1% of revenue, compared to $8.3 million, or 12.3% of revenue in Q1 2021 [18] - EBITDA for the quarter was $19.3 million, representing 26.7% of revenues, an increase of 13% from $17.1 million, or 25.4% of revenues in the previous year [17] Business Line Data and Key Metrics Changes - The aftermarket segment added a record 59,000 subscribers, while the OEM subscriber base decreased by 16,000 due to supply chain issues [15][5] - The overall subscriber base grew by 43,000 net adds, totaling over 1.9 million subscribers [4][14] - Product revenues were $21.8 million, a slight increase of 0.5% compared to Q1 2021 [15] Market Data and Key Metrics Changes - Geographic revenue breakdown for Q1 2022: Israel 53%, Brazil 21%, and the rest of the world 26% [16] - The company faced a 20% decline in new car sales, impacting OEM installations and subscriber growth [22] Company Strategy and Development Direction - The company aims to continue subscriber growth, projecting an addition of 140,000 to 160,000 net subscribers for the year [6] - Focus on expanding usage-based insurance (UBI) services in Israel and replicating success in other markets [10][38] - The company is actively working to secure new financing customers in Latin America, leveraging location-based technology [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macro challenges, particularly supply chain constraints and component shortages, impacting gross margins [7][8] - Despite current challenges, management remains optimistic about long-term growth and profitability, expecting improvements in inventory costs and margins in the future [30][32] Other Important Information - The gross margin on subscription revenues improved to 55.9% from 55.1% year-over-year, while product gross margin decreased to 23.7% from 25.4% [17] - Cash flow from operations for Q1 2022 was $7 million, with a cash position of $45.2 million as of March 31, 2022 [19] - A dividend of $0.14 per diluted share was declared, totaling approximately $3 million [20] Q&A Session Summary Question: What drove the OEM subscriber losses and future expectations? - Management indicated that the decline in OEM subscribers was due to a 20% drop in new car sales, which is expected to continue in the near term due to ongoing supply chain issues [22][23] - They anticipate a rebound in sales once component shortages are resolved, leading to potential growth in subscriber base [24] Question: Impact of product margins and future expectations? - Management quantified the impact of shortages on gross profit, noting a 2% decrease in product gross margin, equating to about $1 million in lost profitability [27][28] - They expect gradual improvement in margins starting in the next quarter, with a more optimistic outlook for mid to long-term profitability [30][32] Question: UBI market potential and strategy? - Management described UBI as a differentiator, with current focus on Israel and plans to expand into Latin America, though they expect it to take time to gain traction [36][38]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report.......................................... 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, 2021. OR ☐ TRAN ...

Exhibit 99.1 ITURAN PRESENTS RECORD SUBSCRIBER GROWTH IN ITS RESULTS FOR THE FOURTH QUARTER & FULL YEAR OF 2021 44,000 net subscriber adds & double-digit revenue and EBITDA growth for Q4 & FY 2021 AZOUR, Israel – March 7, 2022 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter of 2021. Revenues for the fourth quarter of 2021 were $70.4 million, an increase of 11% compared with revenues of $63.6 million in the fourth quarter of 2020. H ...

Exhibit 99.1 ITURAN LOCATION AND CONTROL LTD. PRESENTS RESULTS FOR THE THIRD QUARTER OF 2021 AZOUR, Israel – November 16, 2021 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2021. Highlights of the third quarter of 2021 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are very pleased with our results, especially with the continued strong growth in our after-market subscriber base and the return to growth in the OEM ...