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Zebra Technologies Fourth Quarter and Full Year 2020 Results February 11, 2021
Fourth Quarter and Full Year 2020 Results
February 11, 2021ZEBRA TECHNOLOGIESZEBRA TECHNOLOGIESSafe Harbor Statement
Statements made inthispresentation which arenotstatements ofhistorical factareforward -looking statements and are
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 and aresubject totherisks and uncertainties
inherent inZebra’s industry, market conditions, general domestic andinternational 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, the
availability ofcredit and capital markets volatility may have adverse effects onZebra, itssuppliers and itscustomers .In
addition, adisruption inourability toobtain products from vendors asaresult ofsupply chain constraints, natural disasters,
public health issues (including pandemics), orother circumstances could restrict sales and negatively affect customer
relationships .Profits andprofitability willbeaffected byZebra’s ability tocontrol manufacturing andoperating costs .Foreign
exchange rates willhave aneffect onfinancial results because ofthelarge percentage ofourinternational sales .The
outcome oflitigation inwhich Zebra may beinvolved isanother factor .The success ofintegrating acquisitions could also
affect profitability, reported results andthecompany’s competitive position initsindustry .These andother factors could have
anadverse effect onZebra’s sales, gross profit margins andresults ofoperations .Descriptions oftherisks, uncertainties
and other factors that could affect thecompany’s future operations and results canbefound inZebra’s filings with the
Securities andExchange Commission .Inparticular, please refer toZebra’s latest filing ofitsForm 10-KandForm 10-Q.This
presentation includes certain non-GAAP financial measures and werefer tothereconciliations tothecomparable GAAP
financial measures andrelated information .
2ZEBRA TECHNOLOGIES 3
Anders Gustafsson, CEO2020 Highlights01
Nathan Winters, CFO4Q20 Financials and 2021 Outlook02
Anders Gustafsson, CEOAdvancing our Enterprise Asset Intelligence Vision03
Anders Gustafsson, CEO
Joe Heel, SVP Global SalesQ&A04AgendaZEBRA TECHNOLOGIESExceptional Finish to a Challenging Year
+8.3%(1) Organic23.5%
(1) Assumes constant FX to prior year period and excludes revenue from acquisitions for the 12 months following each respective a cquisition date(0.7)%
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