#1u-blox Investor Presentation November 2020 | www.u-blox.com | SIX: UBXN 1 u-blox Holding AG - UBX-20037476-C1-Public blox 1 ⚫ublox#2Pending#3Pending#4Pending#5Pending#6Pending#7Global presence 29 locations 7 Salem, Oregon, USA San Diego, California, USA ublox Asia regional offices Wuhan, China Beijing, China Seoul, Korea Tokyo, Japan APAC head office Singapore Osaka, Japan Shanghai, China Chongqing, China Taipei, Taiwan Shenzhen, China Bangalore, India Sydney, Australia Melbourne, Australia Sales office R&D center Cork, IR Cambourne, Reigate and Bournemouth UK Leuven, BE Lahore, Pakistan Espoo and Tampere, Finland Athens, Greece Malmö, Sweden Americas head office Reston, Virginia, USA u-blox Holding AG - UBX-20037476-C1-Public Berlin, Germany Sgonico, Italy Corporate headquarters Thalwil, Switzerland#8Pending#9Pending#10Pending#11What POSITIONING technology delivers u-blox is the benchmark for GNSS positioning performance AM 14:23:55:36:10 D ublox TIME TIME 14:23:55:36:10 ΤΑ Standard precision Meter-level accuracy suitable for a wide range of applications High precision Decimeter-to centimeter- level accuracy for robotics and autonomous driving Dead reckoning 100% positioning information also in parking garages or tunnels Timing Highly accurate timing used in communication networks, power grids, or financial systems 11 u-blox Holding AG - UBX-20037476-C1-Public#12Pending#13Pending#14Pending#15Pending#16Growth drivers in the automotive space In-vehicle electronic content is expanding strongly as volumes remain flat • • • Internet connectivity replicated in the car • • Wi-Fi hotspot Smartphone to dashboard Infotainment on all seats Vehicle to the cloud • • • Driver assistance Car systems maintenance Support services Vehicle-to-X (V2X) · Enhanced safety Position ● Navigation 11:24 22.5 22.0 Source: auto motor und sport, Heft 24, 7 Nov 2019, 16 • Automated driving u-blox Holding AG - UBX-20037476 - C1-Public ublox#17Pending#18u-blox products connect vehicles Wireless technology enables driver assistance D Cellular connectivity LTE Cat 4+ 18 u-blox Holding AG - UBX-20037476 - C1-Public C DOIID ») ( In-car navigation GNSS Car-to-car communication V2X 0 0> ublox Automated driving GNSS & Functional safety#19Pending#20Pending#21Pending#22Pending#23Pending#24Customer relationships: Treon and Sulzer NINA-B1 and SARA-R4 combine to make industry smarter ublox • • 24 Treon's platform uses our u-blox NINA Bluetooth module series to connect nodes distributed across a building in a wireless mesh network. Sulzer uses the u-blox-enabled Treon products to underpin its pioneering and versatile Sulzer Sense loT asset- monitoring solution. Without the need to install wiring around large facilities, Sulzer Sense loT enables operators to wirelessly and remotely monitor their pumps, agitators, motors and other rotating equipment, using a smartphone, tablet or computer. u-blox Holding AG - UBX-20037476 - C1-Public#25Pending#26Customer relationships: greenTEG Leverages u-blox connectivity to protect health and safety amid COVID-19 pandemic • • CORE is a wearable for continuous and accurate core body temperature monitoring. CORE communicates wirelessly using the u-blox NINA-B306 stand-alone Bluetooth 5 low energy module Can be used to track users' wellness status as they return to the workplace from their homes, and alerts them when their core body temperature rises unexpectedly. 26 u-blox Holding AG - UBX-20037476-C1-Public CORE ublox#27Pending#28Pending#29Pending#30Pending#31Pending#32Pending#33Pending#34Sustainability 34 u-blox Holding AG - UBX-20037476-C1-Public 'ublox#35Pending#36Pending#37Pending#38Pending#39Global customer base • ublox Wide spread across different applications and geographical regions Strong and growing customer base, serving 7'600 customers worldwide in 2020 (2019: 7'200 customers) Number of customers totaling 80% of revenue (#Customers) 120 100 • Low customer dependency • 39 • 97 customers total 80% of revenue Largest customer accounts for 8.7% of total revenue in H1 2020 10 biggest customers account for 27.8% of total revenue in H1 2020 u-blox Holding AG - UBX-20037476-C1-Public 80 60 108 104 104 84 == 94 97 40 20 0 2017 2018 2019 H1.18 H1.19 H1.20#40Pending#41Gross profit ublox • Gross profit (adjusted) of CHF 79.4m • Gross profit margin (adjusted) slightly higher than H1 2019 Gross profit (adjusted) Gross profit margin (adjusted) (million CHF) (in % of revenue) • H1 2020 margin reflects positive impacts from product mix 200 47.2% 50% 45.8% 45.2% 45.5% 45.2% 45.6% 180 160 40% 140 120 30% 100 184.8 177.9 175.1 80 20% 60 40 94.0 86.1 79.4 10% 11 41 u-blox Holding AG - UBX-20037476-C1-Public 420 20 0 2017 2018 2019 Gross Profit (adjusted) 0% H1.18 H1.19 H1.20 % of revenue#42Pending#43Pending#44Pending#45Pending#46Consolidated statement of cash flows ublox • • . . Cash flow from operating activities negatively impacted by net working capital of CHF -5.8m (H1 2019: CHF 7.9m) Maintained investment activities Free Cash Flow (before acquisitions & participations in capital increase) CHF -8.4m (H1 2019: CHF 3.9m) Acquisition of Thingstream of CHF 9.3m and further investment into JV Sapcorda and Tashang of CHF 4.2m (H1 2019: CHF 3.4m) (in CHF 000s) Net Profit Depreciation & Amortization Other non-cash transactions Financial income & financial expense Income tax expense Change in net working capital and provision Income tax paid Net cash generated from operating activities For the period ended June 30, 2020 -60'022 85'651 For the period ended June 30, 2019 9'650 14'164 3'312 2'547 5'353 3'384 -11'121 1'872 -5'825 7'900 -3'493 -6'406 13'855 33'111 Net investment into property, plant and equipment Net investment into intangibles -2'855 -3'409 -19'855 -26'408 Net investments into financial assets 467 612 Acquisition of subsidiairies, net of cash acquired & participations -13'518 -3'386 Net cash used in investing activities -35'761 -32'591 Free Cash Flow (before Acquisition & participations in capital increase) -8'388 3'906 Free Cash Flow -21'906 520 Proceeeds from issuance of ordinary shares 0 91 Dividends paid to owners of the parent 0 -11'077 1'076 0 -2'313 -2'192 0 0 125 0 -2'566 -2'182 Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Exchange gains/(losses) on cash and cash equivalents 127'424 136'296 -1'735 -481 Cash and cash equivalents at end of the period 100'105 120'975 -3'678 -15'360 -25'584 -14'840 Net proceeds from borrowings Payment of lease liabilities Purchase of treasury shares Non-controlling interests Interest paid 46 u-blox Holding AG - UBX-20037476-C1-Public#47Pending#48Pending#49Pending#50Pending#51Pending