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CORPORATE PRESENTATION December 2018 Dan Mondor, Chairman and CEO Steve Smith, EVP and CFO

CORPORATE PRESENTATION December 2018

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Page 1: CORPORATE PRESENTATION December 2018

CORPORATE PRESENTATIONDecember 2018

Dan Mondor, Chairman and CEOSteve Smith, EVP and CFO

Page 2: CORPORATE PRESENTATION December 2018

Safe Harbor

2

Safe Harbor StatementThe following presentation contains statements about expected future events that are forward-looking and subject torisks and uncertainties. For these statements, we claim the safe harbor for “forward-looking statements” within themeaning of the Private Securities Litigation Reform Act of 1995. For a discussion of factors that could cause actualresults to differ materially from expectations, please refer to the risk factors described in our filings with the SEC.

Non-GAAP Financial MeasuresNon-GAAP gross margins, operating expenses, and earnings per share exclude restructuring charges, share-basedcompensation expenses, amortization of the debt discount and debt issuance costs associated with our convertiblenotes, charges related to acquisition and divestiture activities and acquisition-related intangible-asset amortization.This presentation contains references to certain non-GAAP financial measures and should be viewed in conjunctionwith our press releases and supplementary information on our website (www.inseego.com/investors) which present acomplete reconciliation of GAAP and Non-GAAP results.

Page 3: CORPORATE PRESENTATION December 2018

NASDAQ: INSGInseego HQ (Corp and Regional)

NORTHAMERICA(GLOBAL HQ)

EUROPE

AFRICA

ASIA

AUSTRALIA & NEW ZEALAND

1M+ Global SaaS subscriptions under contract 9 Aviationcustomer

deployments

Tens of Millionsdevicesshipped

Presence inover 50 markets

worldwide

~870employees

globally

~$200Mtrailing 12

months revenue

3

DigiCore (Ctrack) Acquisition

DigiCore (Ctrack)Est.

Novatel Wireless Est.

Feeney Wireless Est.

Listed Nasdaq

Feeney Wireless Acquisition

Rebranded to Inseego

1986 1996 1999 2000 2015 2016

~450K Ctrackvehicle tracking & management

~640K Subscription Management (incl. enterprise customers)

Page 4: CORPORATE PRESENTATION December 2018

Transformation to Inseego 2.0

4

PLAN & EXECUTE ON NEW STRATEGY

RESTRUCTURING & CREATE FOCUS

• Eliminated Near-Term Liquidity Risk• Annualized OPEX Reduction Greater than $30M• New Management Team

• Launched Inseego 2.0 with 3 Year Growth Strategy• 2018-2019 Development of Comprehensive 5G Portfolio• 1st Mover in Aviation Vertical (Ctrack)

GROWTH & DELEVERAGE

• Deliver New High Margin Products and Services• Focus on High Growth Markets• Grow Adj. EBITDA – Generate Cash to Deleverage Balance Sheet

Page 5: CORPORATE PRESENTATION December 2018

STEVE SMITHEVP & CFO

JOHN WELDONSVP Enterprise SaaS Solutions

VERIZON | TELOGIS COMTECH

Leadership Team

5

RICK HARRISSVP Enterprise, Americas

SYMANTEC | IBM | NORTEL

MARK FRISCHSVP Service Providers, Americas

ERICSSON | NORTEL | COMSAT

JACQUES FRADETSVP Operations

KYOCERA | QUALCOMM | DENSO

SIMON RAYNESVP & Managing Director

UK, EMEA & APACSPECTRALINK | MICROSOFT | SONY/ERICSSON

ASHISH SHARMACMO & EVP IoT & Mobile Solutions

SPECTRALINK | GRAYMATICS ERICSSON | QUALCOMM

TETRAVUE | MICROPOWER XITRON | APPLIED MICRO

DAN MONDORChairman & CEO

SPECTRALINK | MITEL CONCURRENT | NORTEL

Page 6: CORPORATE PRESENTATION December 2018

Mobile Solutions

Subscription Management

Secure Data

IoT Solutions

SaaSSolutions

Enterprise Integration

Smart Edge Solutions

Internet of Things

Intelligent Insights

Connected Airport

Smart City

IntegratedSolutions

ConnectedSMB

Connected Enterprise

Connected Assets

Integration with Customer Systems

Secure Device-to-Cloud Solution

6

Connected Car

Page 7: CORPORATE PRESENTATION December 2018

5G Extends Device-to-Cloud Capability

Brought us mobile internet

7

Smartphone application proliferation, mobile broadband

MULTITUDE OF USECASES

3GMOBILE

INTERNET

New applications and possibilities: massive IoT, fixed wireless, ubiquitous broadband,robotics, autonomous driving

4GSMARTPHONE

WITH APPS

Page 8: CORPORATE PRESENTATION December 2018

Inseego Firsts - Mobilizing the Intelligent Enterprise

IoT & MobileSolutions

Fueling the mobile revolution: FIRST Modem for PDAs

2GEmpowering the masses withaccess to mobile data: FIRST Mobile Hotspot

Leveraging innovationcatapults IoT applications: FIRST Cat 18 LTE GigabitMOBILE HOTSPOT

4G

1990’s 2000’s 2010’s TODAY

NR

1st GSM based Fleet Management platform

in Europe

Industry’s 1st end-to-end Airport Asset Tracking

solution

Award-winning Cloud Telematicssolution for high-value asset

management

Enterprise SaaSSolutions

8

Nationwide broadband footprintEARLY MOVER with mmWave and sub-6

3G

Page 9: CORPORATE PRESENTATION December 2018

Broad Portfolio of Solutions

9

IoT & Mobile Solutions Enterprise SaaS Solutions

IoT Mobile CloudTelematics

SubscriptionManagementRouters

GatewaysModemsTrackers

HotspotsHD VoLTE

Home GatewaysPersonal Trackers

AviationSMB

Enterprise Fleets

GovernmentEnterprise

Page 10: CORPORATE PRESENTATION December 2018

IoT & Mobile Solutions

Enterprise SaaS Solutions

5G and IoT Device-to-Cloud Growth Opportunity** Annual

10

Fixed & Mobile

IIoT SolutionsU.S. TAM

$1.5B+

U.S. TAM

$5B+

Global TAM

$2B+Global TAM

$6B+

Fleet AnalyticsBI

Aviation & OtherIoT Cloud Verticals

Multi-Billion Dollar

Revenue Opportunity

$

Page 11: CORPORATE PRESENTATION December 2018

Aviation: Proven Solution - Propelling Growth

High growth - nascent market

Global Airports Wins & Successes: North America, United Kingdom,

EMEA, APAC

Upcoming Deployments at multiple airports - 2 of 10 world’s largest airlines

Partnership with KLM Equipment Services

Pilot with European leading ground support logistics provider

11

BDriven by 4 million

ground service assets

2018

Page 12: CORPORATE PRESENTATION December 2018

12

Inseego is #Making5GReal

Inseego’s All-New Router Will Bring 5G to Life in American Homes

Inseego Achieves Multigigabit per Second Speed and Millisecond Latency in Live 5G

NR Mobile Network Field Trials

5G NR MOBILENETWORK

MILLISECONDLATENCY

5G NR: Inseego and Verizon Demonstrate Virtual Reality Telemedicine over 5G at Qualcomm Snapdragon

Technology Summit in MauiNew Inseego 5G Mobile Devices Available on

the Verizon 5G Network in 2019

Telstra Announces 5G Mobile Hotspot Prototype from Inseego

Page 13: CORPORATE PRESENTATION December 2018

The Trillion Dollar Global Economic Impact

13

A UNIFIED GLOBAL PLATFORM

KEY RANGES OF NEW SPECTRUM

Sub 6 GHz 28 GHz 39 GHz

3

GLOBAL OPERATORS CONFIRMED TRIALS/DEPLOYMENT190+

Page 14: CORPORATE PRESENTATION December 2018

Virtual Reality

Augmented Reality

Robotics

Integrated Smart City

Autonomous Driving | V2x

Remote Surgery

Video Multi-Casting

Immersive Experience

5G Device-to-Cloud: A Future of Possibilities

14

Page 15: CORPORATE PRESENTATION December 2018

15

Inseego Solutions Trusted by Blue Chip CompaniesFortune 500 Customers and Partners // Government and Enterprise Customers

MobileSolutions

Enterprise SaaSSolutions

South Africa

IoT Solutions

Page 16: CORPORATE PRESENTATION December 2018

Financials

Page 17: CORPORATE PRESENTATION December 2018

Q2-17 Q3-17 Q4-17 Q1-18 Q2-18

Q3 2018 Results Record Adjusted EBITDA

17

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18

Revenue

Enterprise SaaS Solutions IoT & Mobile Solutions Consolidated

(4,000)

(3,000)

(2,000)

(1,000)

-

1,000

2,000

3,000

4,000

5,000

6,000

Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18

Adjusted EBITDA

Consolidated

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18

Non-GAAP Gross Margin

Enterprise SaaS Solutions IoT & Mobile Solutions Consolidated

-

5,000

10,000

15,000

20,000

25,000

Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18

Non-GAAP Operating Expense

Page 18: CORPORATE PRESENTATION December 2018

18

Recent ~$20M New Capital

18

Deleverage Balance Sheet

Fuel strategic investments in

5G and IoT Cloud

Page 19: CORPORATE PRESENTATION December 2018

KEY GROWTH DRIVERS

• 5G Fixed and Mobile• Accelerating SMB/Fleet Telematics Growth• Aviation Plus New IoT Cloud Verticals• Industrial IoT

TARGET• Revenue Growth• Adj. EBITDA Margin• FCF as % of Adj. EBITDA• Net Leverage Ratio

> 25% CAGR> 15 - 20%

> 60%2x

Inseego Target Operating Model

19

Page 20: CORPORATE PRESENTATION December 2018

Investment Highlights

New Management Team with Proven Track Record

5G Fixed Wireless and Industrial IoT are Near-Term Growth Drivers

Accelerating Growth in Recurring, High Margin Enterprise SaaS Solutions

Core Technology, Large Number of Referenceable Service Provider and Enterprise Accounts Give Inseego Early Mover Advantage in Emerging 5G Device to Cloud Market

Enhanced Revenue Growth and Free Cash Flow Deleverages Balance Sheet

Significantly Stronger Balance Sheet (strategic investment and settlement)

20

Page 21: CORPORATE PRESENTATION December 2018

NASDAQ: INSGGlobal HQ: San Diego, CA www.inseego.com THANK YOUFor more information contact: Investor Relations [email protected]

Media [email protected]