Investor Presentation
October, 2023
Proprietary and Confidential
ForwardLookingStatements
This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning CalAmp. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, (iii) our comprehensive review of strategic alternatives focused on enhancing shareholder value, and (iv) other statements identified by words such as such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict", "project", "aim", "goal", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, current market trends and market conditions, and involve risks and uncertainties, many of which are outside of our control, and which may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect future results include any risks associated with global economic conditions and concerns; the outcome of our comprehensive review of strategic alternatives, including the availability of any strategic alternatives that are worthwhile to pursue; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the recent coronavirus (COVID-19) pandemic; global component shortages due to supply chain constraints caused by the COVID-19 pandemic; disruptions in sales, operations, relationships with customers, suppliers, employees; our ability to successfully and timely accomplish our transformation to a SaaS solutions provider; our transition out of the automotive vehicle financing business; competitive pressures; pricing declines; demand for our telematics products; rates of growth in our target markets; prolonged disruptions of our contract manufacturers' facilities or other significant operations; force majeure or force-majeure-like events at our contract manufacturers' facilities including component shortages; the ongoing diversification of our global supply chain; our dependence on outsourced service providers for certain key business services and their ability to execute to our requirements; our ability to improve gross margin; cost containment measures; legislative, trade, tariff, and regulatory actions; integration, unexpected charges or expenses in connection with acquisitions; the impact of legal proceedings and compliance risks; the impact on our business and reputation from information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product and warranty and indemnification claims; our ability to sell to new types of customers and to keep pace with technological advances; market acceptance of the end products into which our products are designed; and other events and
trends on a national, regional and global scale, including those of a political, economic, business, competitive, and regulatory nature. More information on these risks and | |
other potential factors that could affect our financial results is included in our filings with the U.S. Securities and Exchange Commission ("SEC"), including in the "Risk | |
Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our most recently filed periodic reports on Form 10-K | |
and Form 10-Q and subsequent filings, which you may obtain for free at the SEC's website at http://www.sec.gov. We undertake no intent or obligation to publicly update | |
or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, which speak as of their respective dates except as | |
required by law. | 2 |
Agenda
- Overview of CalAmp Vision and Strategy
- Business Transformation Overview and Update
- Overview of Products and Solutions
- Product Roadmap
- Sales Strategy
- Financial Overview
- Case Studies
3
CalAmp is a Global Leader in Connected Intelligence
Helping People and Businesses Work Smarter
Track, monitor and recover vital assets with real-time visibility and actionable insights
Installed base of ~10M devices* with 1.6+ trillion data points processed around the world annually
Global operations with a flexible and diversified outsourced manufacturing model
Telematics leader with
40+ years of experience and strong intellectual property
Secure and scalable Telematics Platform to collect and analyze data for all customers
Innovative and configurable software applications and solutions for key market verticals
*Note: Number of devices is calculated based on number of units shipped within the estimated useful life of CalAmp devices
4
CalAmp is Poised to Scale and Increase Profitability Through the Conversion of Its Installed Base and the Acceleration of Organic Software & Subscription Services (S&SS) Growth
Revenue ($M)
Nasdaq: CAMP
Irvine, CA headquarters
$132.6M in total revenue in the First Half, FY24
~ includes approximately 46% in international revenue
Software and Subscriptions Services (S&SS) revenue reached 64% of consolidated revenue in First Half, FY24
Active conversion of eligible device customers to subscription contracts is complete. Focus now shifting to recurring revenue growth
Recent next gen software releases, sales personnel and compensation realignment, and organizational restructuring initiatives will accelerate profitable growth.
$309 | $296 | $295 |
$179 | $142 | $110 |
$132
$85
$130 | $154 | $185 |
$47
FY21 | FY22 | FY23 | 1H FY24 | |||
S&SS | Telematics Products | |||||
Fiscal Year ends February 28th
5
The CalAmp Leadership Team
Jason Cohenour,
Interim President, CEO & Director
Sierra Wireless | The
Board of Directors
Henry Maier (*) | FedEx Ground |
Scott Arnold | AuditBoard |
Roxanne Oulman | Medallia |
Jorge Titinger | Silicon Graphics |
Kirsten Wolberg | DocuSign |
Wes Cummins | B. Riley Asset Mgt. |
(*) Chair of the Board of Directors
Jikun Kim
SVP, Chief Financial Officer
Momentus | Formlabs
Monica Van Berkel
SVP, Chief People Officer
EMCORE | Gateway
Maurizio Iperti
President, EMEA
Pirelli | MOMO
Nathan Lowstuter
SVP, Chief Supply Chain Officer
Honeywell | Boeing | FedEx
Mark Gaydos
SVP, Chief Marketing Officer
Oracle | SAP | Nlyte
Richard Scott
SVP, Chief Legal Officer
Verra Mobility | Husqvarna
6
CalAmp Operates Across Five Core Customer Segments
Fleet
- Driver safety using AI
- Real-timefleet analytics
- Cargo loss prevention
Telematics Service Providers
- Edge Computing
- Device Management
- Custom Firmware
K-12
- Bus fleet management
- Driver behavior analytics
- Parental visibility
Industrial Equipment
- Equipment monitoring
- Asset utilization/recovery
Consumer Auto
- Rental fleet management
- Stolen vehicle recovery*
- Crash detection
7
Customer Portfolio
CalAmp technology - a hub for business critical data and decisions
8
AOP FY23
Why CalAmp Wins
Expertise with | Platform Flexibility, |
Complex Customers & | Dependability & |
Processes | Scalability |
~10M
Connected
Assets
Flexible Edge | Global Operations |
Computing | and Support |
Connectivity to
Diverse Data
Sources
300+
Pending and
Awarded Patents
Innovation Leader
"CalAmp's embedded end-pointcomputing--
engineered within our telematics devices and
coupled with robust, customer-centric SaaS solutions--delivers differentiated ROI for customers in all of our core market verticals."
- Jeff Gardner - President, CEO & Director
9
Global Operations and Support
Firmware Support
Eden Prairie, MN
CalAmp HQ and
Engineering
Irvine, CA
Engineering, Sales, PLM | Customer Support Center | |
Carlsbad, CA | Richardson, TX | |
Contract Manufacturing
Mexico
LoJack Mexico
Mexico City, MX
Tracker UK
London, UK
Contract Manufacturing
Hong Kong
LoJack Italia
Milan, IT
LoJack España
Madrid, ES
Contract Manufacturing
Vietnam
Contract Manufacturing
Malaysia
Contract Manufacturing
Malaysia, Thailand
CalAmp Locations
Contract Manufacturing Locations
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
CalAmp Corporation published this content on 23 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 19:03:41 UTC.