Zebra Technologies Investor Presentation — July 2024

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Second Quarter 2024 Results

July 30, 2024ZEBRA TECHNOLOGIESSafe 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 undertakes no obligation, other than as may be required by law, to publicly update or

revise any forward -looking statements, whether as a result of new information, future events, changed circumstances or any other reason

after the date of this release . These forward -looking statements are based on current expectations, forecasts and assumptions and are

subject to the risks and uncertainties inherent in Zebra’s industry, market conditions, general domestic and international economic

conditions, and other factors . These factors include customer acceptance of Zebra’s offerings and competitors’ offerings, and the potential

effects of emerging technologies and changes in customer requirements . The effect of global market conditions and the availability of

credit and capital markets volatility may have adverse effects on Zebra, its suppliers and its customers . In addition, natural disasters, man-

made disasters, public health issues (including pandemics), and cybersecurity incidents may have negative effects on Zebra’s business

and results of operations . Zebra’s ability to purchase sufficient materials, parts, and components, and ability to provide services, software,

and products to meet customer demand could negatively impact Zebra’s results of operations and customer relationships . Profits and

profitability will be affected by Zebra’s ability to control manufacturing and operating costs . Because of its debt, interest rates and financial

market conditions may also have an adverse impact on Zebra’s results . Foreign exchange rates, customs duties and trade policies may

have an adverse effect on financial results because of the large percentage of Zebra’s international sales . The impacts of changes in

foreign and domestic governmental policies, regulations, or laws, as well as the outcome of litigation or tax matters in which Zebra may be

involved are other factors that could adversely affect Zebra’s business and results of operations . The success of integrating acquisitions

could also adversely affect profitability, reported results and the company’s competitive position in its industry . These and other factors