CalAmp Corp. Presented by:

Transcription

1 CalAmp Corp. AEA Investor Presentation Presented by: Rick Gold, President & CEO May 5, 2008 Enabling Anytime/Anywhere Access

2 Forward Looking Statements This presentation and Q&A session may contain forward-looking statements relating to CalAmp s plans, strategies, objectives, projections, expectations and other information regarding future performance that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical results or from those anticipated. These risks and uncertainties include, without limitation, highly competitive markets, rapid technology changes, and other risk factors that are described in the Company s Annual Report on Form 10-K filed on May 17, 2007 with the SEC and in other filings made from time to time with the SEC. 2

3 CalAmp Overview NASDAQ: CAMP Headquarters: Oxnard, CA Shares O/S: 25.0 million 52 Week High/Low: $8.60/$2.15 Avg. Volume: 42,000 shares* Institutional Ownership: 51% Founded: 1981 Public: 1983 Employees: ~450 Revenue FY08(9mo): $111 million Market Cap: $63 million* Enterprise Value: $84 million** * As of 5/2/08 ** As of 2/28/08 Balance Sheet 3

4 CalAmp s s Mission Global leadership in high value, missioncritical wireless communication solutions Direct Broadcast Satellite Public Safety Mobile Industrial Monitoring & Controls Mobile Resource Management Dedicated Market Channels Broad Technology Platforms Global Supply Chain RF Wireless Expertise 4

5 SAM Growing to nearly $4B by 2010 ~25% CAGR driven by expanded offerings, geographic expansion and underlying market growth $1.9B $600M 1 ~22% CAGR ~31% CAGR $3.7B $1100M $725M $325M 2 $1380M ~34% CAGR $570M 3 ~7% CAGR $430M $525M Gartner, CalAmp estimates 2 CJIS Database, CalAmp estimates 3 Venture Development Corporation, CalAmp estimates 4 SEC filings and CalAmp estimates Mobile Resource Management (MRM) Demand elasticity: hardware & data plan costs Geographic expansion & new verticals Public Safety Mobile (PSM) Demand for mobile data & Interoperability Expand offering: unlicensed & cellular platforms Industrial Monitoring & Controls (IMC) Demand: Increased use of Ethernet Expanded offering: unlicensed, cellular platforms New verticals: AMR/AMI Direct Broadcast Satellite (DBS) HDTV upgrade cycle Churn of installed base 5

6 Diversified Base of Customers Across Markets Mobile Resource Management Public Safety Mobile Industrial Monitoring & Controls 6

7 Foundation In Place For Satellite Turnaround May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec D 07 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Shipments put on hold by key customer Settlement agreement reached Key products re-qualified Targeted resumption of shipments 7

8 Building Critical Mass in Wireless DataCom FY08 MRM PSM IMC FY07 FY06 Services Systems Products Modules Vertically Integrated Solutions Hosted Applications Integrated Tracking Systems Wireless Tracking ODM Devices System Integration & Deployment Multi-Network Systems Mobile Data Interoperable Voice Mobile Data Modem ODM Devices AMR Gateways Shared Technology Platforms (Cellular, Unlicensed, Licensed) SCADA / Telemetry Wireless Gateways ODM Devices 8

9 Historical Performance Revenue Satellite Wireless Net Income & Operating Cash Flow Net Income Operating Cash Flow $MM $MM FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 (9 mo.) -20 ($74.7) FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 (9 mo.) Note: GAAP revenue and net income from continuing operations 9

10 Enhancing Financial Stability $MM Cash Bank Debt Q4-06 Q1-07 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q3-08 Q4-08 Apr 06: Dataradio Acq d. Mar/Apr 07: Aircept & Smartlink Acq d. May 07: $16M charge Default of loan covenants Feb 08: Amendment of loan agreement 10

11 Summary History of strong operational performance Attractive and growing markets Executing strategy to return CalAmp to profitability 11

12 CalAmp Corp. (Nasdaq: CAMP) 1401 N. Rice Avenue Oxnard, CA (805) For more information contact: Lasse Glassen Financial Relations Board (213)