Zebra Technologies Investor Presentation — August 2021

Document content

Second Quarter 2021 Results

August 3 , 2021ZEBRA TECHNOLOGIESZEBRA TECHNOLOGIESSafe Harbor Statement

Statements made inthispresentation which arenotstatements ofhistorical factareforward -looking statements andare

subject tothesafe harbor provisions created bythePrivate Securities Litigation Reform Actof1995 .Actual results may

differ from those expressed orimplied inthecompany’s forward -looking statements .Zebra may elect toupdate forward -

looking statements butexpressly disclaims anyobligation todoso,even ifthecompany’s estimates change .These

forward -looking statements arebased oncurrent expectations, forecasts andassumptions andaresubject totherisks

and uncertainties inherent inZebra’s industry, market conditions, general domestic and international economic

conditions, andother factors .These factors include customer acceptance ofZebra’s hardware andsoftware products

andcompetitors’ product offerings, andthepotential effects oftechnological changes .The continued uncertainty over

future global economic conditions, theavailability ofcredit andcapital markets volatility may have adverse effects on

Zebra, itssuppliers anditscustomers .Inaddition, adisruption inourability toobtain products from vendors asaresult of

supply chain constraints, natural disasters, public health issues (including pandemics), orother circumstances could

restrict sales andnegatively affect customer relationships .Profits andprofitability willbeaffected byZebra’s ability to

control manufacturing andoperating costs .Foreign exchange rates willhave aneffect onfinancial results because ofthe

large percentage ofourinternational sales .Theoutcome oflitigation inwhich Zebra may beinvolved isanother factor .

The success ofintegrating acquisitions could also affect profitability, reported results and thecompany’s competitive

position initsindustry .These andother factors could have anadverse effect onZebra’s sales, gross profit margins and

results ofoperations .Descriptions oftherisks, uncertainties and other factors that could affect thecompany’s future

operations and results can befound inZebra’s filings with theSecurities and Exchange Commission .Inparticular,

please refer toZebra’s latest filing ofitsForm 10-Kand Form 10-Q.This presentation includes certain non-GAAP

financial measures and werefer tothereconciliations tothecomparable GAAP financial measures and related

Anders Gustafsson, CEO01

Q2 Financials and 20 21Outlook

Nathan Winters, CFO02

Advancing our Enterprise Asset

Anders Gustafsson, CEO03

Anders Gustafsson, CEO