Zebra Technologies Corporation (NASDAQ:ZBRA) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET Company Participants Mike Steele - Vice President, Investor Relations Anders Gustafsson - Chief Executive Officer Nathan Winters - Chief Financial Officer Joe Heel - Chief Revenue Officer Conference Call Participants Tommy Moll - Stephens Keith Housum - Northcoast Research Andrew Buscaglia - Berenberg Jim Ricchiuti - Needham & Company Meta Marshall - Morgan Stanley Joseph Donahue - Baird Damian Karas - UBS O ...

Zebra Technologies First Quarter 2022 Results ZEBRA TECHNOLOGIES May 3, 2022 No. ZEBRA Insert Section Title Here Safe Harbor Statement Statements made in this presentation which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or implied in the company's forward-looking statements. Zebra may elect to update forward-looking statement ...

Zebra Technologies Fourth Quarter and Full Year 2021 Results ZEBRA TECHNOLOGIES February 10, 2022 Tr. ZEBRA Insert Section Title Here Safe Harbor Statement 2 Statements made in this presentation which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or implied in the company's forward-looking statements. Zebra may elect to update fo ...

Financial Data and Key Metrics Changes - Adjusted net sales growth for Q4 2021 was 12%, or 10% on an organic basis, with adjusted EBITDA of $319 million, a 4% year-over-year increase, and an adjusted EBITDA margin of 21.7%, a decrease of 180 basis points [6][10][12] - Non-GAAP diluted earnings per share increased by 2% year-over-year to $4.54, with strong free cash flow generation [6][12] - The company generated over $1 billion in free cash flow for the first time in its history, which was $115 million higher than the prior year [13] Business Line Data and Key Metrics Changes - The Asset Intelligence and Tracking segment grew by 3.1%, while the Enterprise Visibility & Mobility segment sales increased by 13.2%, driven by strong mobile computing growth [10][11] - North America sales increased by 4%, EMEA sales by 9%, Asia Pacific sales grew by 29%, and Latin America saw a 42% increase [11] Market Data and Key Metrics Changes - Sales growth was realized across all four regions, with particularly strong growth in Asia Pacific and Latin America [7][11] - The company expects Q1 2022 adjusted net sales growth of 1% to 3%, constrained by supply chain issues [17] Company Strategy and Development Direction - The company is advancing its enterprise asset intelligence vision and has raised its long-term organic sales growth expectations to 5% to 7% from a previous 4% to 5% [23] - The served market opportunity is approximately $30 billion, supported by trends such as the on-demand economy and automation [24] - The company is focusing on expanding its offerings in RFID solutions, smart supplies, and warehouse automation [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and anticipates improvements in component availability and freight capacity throughout 2022 [19][76] - The company expects adjusted EBITDA margin for 2022 to be between 23% and 24%, with total transitory cost impacts of approximately $140 million to $160 million [20] Other Important Information - The company made significant investments in acquisitions and capital expenditures, including $452 million for acquisitions and $257 million for net debt repayments [13] - Premium freight costs significantly impacted gross margin, with an unfavorable gross margin impact of $66 million year-over-year due to supply chain constraints [15] Q&A Session Summary Question: Revenue outlook and assumptions for the first quarter - Management indicated that the first quarter guidance reflects constrained supply due to specific component shortages, not demand, and expects a solid rebound in Q2 [40][41] Question: Long-term growth outlook and expansion opportunities - The long-term growth outlook was raised due to strong market demand and the company's ability to digitize and automate operations [45][46] Question: Margin outlook and pricing strategy - Management confirmed that they are still assuming air freight for shipping and have implemented price increases that contribute less than one point to sales growth [50][51] Question: RFID market opportunity - RFID is seen as an incremental growth opportunity, complementing the core business rather than substituting it [58][59] Question: Core business replacement cycle - The company noted that the refresh cycle for devices has shortened, with many large deployments from 2015-2017 now looking to refresh [90][92]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ 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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER 000-19406 Zebra Technologies Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

Zebra Technologies Third Quarter 2021 Results November 2, 2021 Safe Harbor Statement Statements made in this presentation which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or implied in the company's forward-looking statements. Zebra may elect to update forwardlooking statements but expressly disclaims any obligation to do so, ...

Zebra Technologies Corporation. (NASDAQ:ZBRA) Q3 2021 Earnings Conference Call November 2, 2021 8:30 AM ET Company Participants Anders Gustafsson – CEO Mike Steele – SVP Nathan Winters – CFO Joachim Heel – CRO Conference Call Participants Tommy Moll – Stephens Andrew Buscaglia – Berenberg Jim Ricchiuti – Needham and Co Meta Marshall – Morgan Stanley Paul Chung – JPMorgan Brian Drab – William Blair Keith Housum – Northcoast Research Damian Karas – UBS Rob Mason – Baird Operator Good day, and welcome to the T ...

Zebra Technologies Corporation (NASDAQ:ZBRA) Q2 2021 Earnings Conference Call August 3, 2021 8:30 AM ET Company Participants Michael Steele - Vice President, Investor Relations Anders Gustafsson - Chief Executive Officer Nathan Winters - Chief Financial Officer Joachim Heel - Chief Revenue Officer Conference Call Participants Damian Karas - UBS Tommy Moll - Stephens Jim Ricchiuti - Needham and Company Paul Chung - JPMorgan Meta Marshall - Morgan Stanley Keith Housum - Northcoast Research Andrew Buscaglia - ...

Zebra Technologies Second Quarter 2021 Results August 3, 2021 Safe Harbor Statement Statements made in this presentation which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or implied in the company's forward-looking statements. Zebra may elect to update forwardlooking statements but expressly disclaims any obligation to do so, e ...

Zebra Technologies Corporation (NASDAQ:ZBRA) Q1 2021 Earnings Conference Call May 4, 2021 8:30 AM ET | --- | |-------------------------------------| | | | Company Participants | | Mike Steele - VP-IR | | Anders Gustafsson - CEO | | Nathan Winters - CFO | | Joe Heel - Chief Revenue Officer | | Conference Call Participants | | Damian Karas - UBS | | Tommy Moll - Stephens | | Andrew Buscaglia - Berenberg | | Jim Ricchiuti - Needham and Company | | Meta Marshall - Morgan Stanley | | Keith Housum - Northcoast Re ...