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 ...

Financial Performance - Total revenues for 2022 reached $293.07 million, a 8.2% increase from $270.88 million in 2021[32] - Telematics services revenue grew to $209.56 million in 2022, up 10.5% from $189.65 million in 2021[32] - Net income attributable to company stockholders increased to $37.10 million in 2022, up 8.3% from $34.26 million in 2021[32] - Gross profit margin improved to 46.9% in 2022 from 47.2% in 2021[32] - Dividend declared per share decreased to $0.56 in 2022 from $0.90 in 2021[33] - Total revenues for Telematics services in 2022 were $209.6 million, compared to $189.6 million in 2021 and $182.9 million in 2020[210] - Total revenues for Telematics products in 2022 were $83.5 million, compared to $81.3 million in 2021 and $62.7 million in 2020[210] - Israel generated $103.3 million in Telematics services revenue in 2022, up from $96.5 million in 2021 and $85.1 million in 2020[210] - Brazil generated $66.7 million in Telematics services revenue in 2022, up from $55.2 million in 2021 but down from $60.0 million in 2020[210] Subscriber and Market Growth - Subscribers of telematics services reached 2.066 million in 2022, a 9.8% increase from 1.881 million in 2021[34] - The company's telematics services accounted for 71.5% of its revenues in 2022, with approximately 738,000 subscribers in Israel, 558,000 in Brazil, and 770,000 in other countries as of December 31, 2022[103] - The company had approximately 738,000 subscribers in Israel as of December 31, 2022[125] - In Brazil, the company had approximately 558,000 subscribers as of December 31, 2022[125] - The company had approximately 770,000 subscribers in countries excluding Israel and Brazil as of December 31, 2022[126] - The company's telematics services subscriber base grew to 2,066,000 in 2022, up from 1,881,000 in 2021, with Israel contributing 738,000 subscribers[208] - The company's Brazilian market continues to show growth potential due to high car theft rates and demand for telematics services[205] Operational Costs and Expenses - Research and development expenses increased to $16.85 million in 2022, up 19.5% from $14.10 million in 2021[32] - Cash and cash equivalents decreased to $28.17 million in 2022 from $54.71 million in 2021[33] - Total assets stood at $290.93 million in 2022, slightly down from $293.02 million in 2021[33] - Capital expenditures in 2022 were $26.5 million, primarily for operational equipment, compared to $16.6 million in 2021 and $10.2 million in 2020[100] - Telematics services cost of revenues includes staffing, maintenance, operation of control centers, and communication costs[213] - Telematics products cost of revenues primarily consists of production costs from third-party manufacturers and installation fees[214] - Research and development expenses are primarily for salaries, materials, and overhead related to telematics product design and development[215] - Selling and marketing expenses include advertising, salaries, commissions, and promotional expenses[216] - General and administrative expenses consist of salaries, bonuses, and accounting costs[217] Risks and Challenges - The company relies on third-party intellectual property licenses for SVR services and telematics products, and the loss of these licenses could adversely affect revenues[50] - The company's telematics products depend on government-issued radio frequency licenses, and third-party use of these frequencies could disrupt operations and increase costs[51] - The company's SVR services business model depends on specific market conditions, and the absence of these conditions could harm revenues and growth potential[52] - The company outsources telematics product manufacturing to third parties, and any disruption in manufacturing could impact revenues and profit margins[54] - The company faces potential annual costs of up to $4 million USD due to the cancellation of Generation 2.0 technology in Israel starting in 2026[58] - The company has increased inventory orders for semiconductors to 12 months in advance due to shortages, leading to higher product costs[67] - Inflation and rising interest rates in key operating territories have increased financing and operational costs, potentially impacting financial results[68] - The company is subject to a class action lawsuit in Israel claiming damages of approximately $85.2 million USD, which could significantly impact operations if unsuccessful[71] - The company operates base sites in Israel, Brazil, and Argentina without full compliance with local building permits, risking enforcement actions that could disrupt network coverage[74] - Currency fluctuations in multiple operating countries may result in valuation adjustments and negatively impact financial results[76] - The company is considered a monopoly in Israel under the Israeli Antitrust Law, potentially facing financial sanctions of up to NIS 100 million (approximately $28.4 million) or 8% of annual revenues for breaches[81] - In Argentina, most of the company's base sites operate without local Municipality permits, risking fines and potential closures[177] Acquisitions and Investments - The company completed the acquisition of Road Track Holding S.L. (now Ituran Spain Holdings S.L.) for a total cost of $103 million, combining shares and cash[98] - The company holds a 16.9% share in Bringg, valued at $1 billion following a $100 million funding round in 2021[183] - The company invested $1.7 million in SaverOne, holding approximately 3.2% of its share capital, with a fair value of $0.2 million as of December 31, 2022[184][185][186] Geographic and Market Operations - The company operates in multiple markets, including Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, the United States, and Canada, with additional services provided through distributors[96] - The company's "Connected Car" service is operational in Israel, Brazil, Colombia, Mexico, Argentina, and Ecuador[135] - The company's "Usage Based Insurance" (UBI) service is implemented and marketed by the majority of insurance companies in Israel[136] - The company's stolen vehicle recovery system operates in Israel, Brazil, Mexico, Colombia, Ecuador, and Argentina, with private enforcement units in these regions[114] - The company operates in multiple countries including Israel, the US, Brazil, Argentina, Mexico, Ecuador, and Colombia with a diverse range of competitors[148] - In Colombia, the company pays 2.2% of annual gross income to MINTIC and 0.1% to CRC for telecommunication spectrum usage[179] Technology and Product Development - The company's technologies, originally developed for the Israeli Defence Forces, enable precise and secure high-speed data transmission and analysis for telematics services[101] - The company's telematics products are used for applications such as automatic vehicle location, stolen vehicle recovery, and fleet management[112][113] - The company's fleet management system includes features such as real-time vehicle status indicators, diagnostic alerts, and remote monitoring of data[117] - GPS technology faces limitations in urban areas, buildings, and underground spaces due to signal interference and noise[145] - Terrestrial network triangulation systems offer precise vehicle location without line-of-sight requirements, reducing stolen vehicle recovery times to minutes[147] - The stolen vehicle recovery system consists of a telematics end-unit, a network of base stations, and a 24-hour manned control center[154] Regulatory and Compliance - Regulatory compliance requires licenses for RF technology, building permits, product-specific approvals, and general commerce licenses in various countries[162][163][164] - Frequency licenses in Israel and Brazil are subject to renewal and potential interference from other operators, with ongoing negotiations in Argentina to resolve frequency conflicts[167][168][169] - The company operates 98 base stations in Israel, 147 in Brazil, and 37 in Argentina, with monthly lease rates ranging from $200 to $2,200 per site[200] ESG and Corporate Governance - The company is committed to ESG practices, including ethical business conduct, anti-corruption policies, and diversity initiatives[156][157][158][159][160] - The company holds trademarks such as "Ituran" and "Mr. Big" registered in multiple jurisdictions[155] Real Estate and Leasing - The company leases 64,750 square feet of office space in Israel for $1,323,000 annually, with the lease ending in April 2029[192] - In Argentina, the company leases 8,611 square feet of office space for AR$12,772,992 ($98,253) annually[193] Customer and Service Metrics - The company provides fleet management services to approximately 504,000 end-users through corporate customers and 24,000 distributors as of December 31, 2022[106] - The company's stolen vehicle recovery (SVR) services are used by individual vehicle owners, car manufacturers, and insurance companies, with some insurance companies directly subscribing on behalf of their customers[105] - The company's value-added services include 24-hour on-demand navigation guidance, traffic reports, and concierge services in Israel, Argentina, Ecuador, Colombia, and Brazil[107] - The company provided fleet management services to approximately 504,000 corporate customers and individuals as of December 31, 2022[132] - The company anticipates at least 90% of subscription fees from the prior quarter will recur in the following quarter, based on a historical average churn rate of 3% per month[211] Manufacturing and Supply Chain - Manufacturing operations are conducted in Israel and China, with ISO 9001 certification and high automotive standards ensuring product reliability[150] - The company relies on single or limited sources for several components, maintaining strong supplier relationships to secure favorable pricing and access to latest technologies[151] - The company's telematics products segment includes short- and medium-range two-way telematics products, integral to its telematics services[204]

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 ...