Zebra Technologies Investor Presentation — November 2022

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Third Quarter 2022 Results

November 1, 2022ZEBRA TECHNOLOGIESSafe Harbor StatementInsert Section Title Here

Statements made inthispresentation which arenotstatements ofhistorical factareforward -looking statements andaresubject

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 but

expressly disclaims anyobligation todoso,even ifthecompany’s estimates change .These forward -looking statements are

based oncurrent expectations, forecasts and assumptions and aresubject totherisks and uncertainties inherent inZebra’s

industry, market conditions, general domestic and international economic conditions, and other factors .These factors include

customer acceptance ofZebra’s offerings and competitors’ offerings, and thepotential effects ofemerging technologies and

changes incustomer requirements .The effect ofglobal market conditions and theavailability ofcredit and capital markets

volatility may have adverse effects onZebra, itssuppliers anditscustomers .Inaddition, natural disasters, man-made disasters,

public health issues (including pandemics), andcybersecurity incidents may have negative effects onourbusiness andresults of

operations .Ourability topurchase sufficient materials, parts, andcomponents, andourability toprovide services, software, and

products tomeet customer demand could negatively impact ourresults ofoperations andcustomer relationships .Profits and

profitability willbeaffected byZebra’s ability tocontrol manufacturing andoperating costs .Because ofitsdebt, interest rates and

financial market conditions may also have animpact onresults .Foreign exchange rates, customs duties andtrade policies may

have aneffect onfinancial results because ofthelarge percentage ofourinternational sales .Theimpacts ofchanges inforeign

anddomestic governmental policies, regulations, orlaws, aswellastheoutcome oflitigation ortaxmatters inwhich Zebra may

beinvolved areother factors .The success ofintegrating acquisitions could also affect profitability, reported results and the

company’s competitive position initsindustry .These and other factors could have anadverse effect onZebra’s sales, gross

profit margins andresults ofoperations andincrease thevolatility ofourfinancial results .Descriptions oftherisks, uncertainties

andother factors thatcould affect thecompany’s future operations andresults canbefound inZebra’s filings with theSecurities

andExchange Commission .Inparticular, please refer toZebra’s latest filing ofitsForm 10-KandForm 10-Q.This presentation