Thomas Seiler, CEO locate, communicate, accelerate Helvea ...€¦ · u-blox at a glance u-blox is a leading fabless semiconductor provider of positioning and wireless communication

locate, communicate, accelerate

u-blox Communication Technology for Mobility

Thomas Seiler, CEO

Helvea Swiss Equities Conference

January 2014

u-blox at a glance

u-blox is a leading fabless semiconductor provider of positioning and wireless communication solutions.

We design, develop and sell modules and chips to OEMs in the global consumer, industrial and automotive markets.

Our technology is at the heart of products everywhere.

Slide 2 © u-blox Holding AG

Disclaimer

This presentation contains certain forward-looking statements. Such forward looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of the Group to differ materially from those expressed or implied herein.

Should such risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation.

u-blox is providing the information in this presentation as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise.

u-blox at a glance

• Swiss semiconductor company

• Founded in 1997

• Listed on the SIX Swiss Exchange since 2007 (SIX:UBXN)

• Core competencies

• Satellite based positioning technologies

• Cellular wireless communications technologies

• Product offering

• Integrated circuits - the foundation of our solutions

• Modules - fully implemented, drop-in solutions

• Services – delivering added value to our solutions

• Market focus

• Consumer – mass market ICs and modules

• Industrial – durable components for professional electronics

• Automotive – robust, automotive grade products

• Business model

• Fabless operation

• Commercial, off-the-shelf products


What do we sell

© u-blox AG Slide 4

3.0mm 3.4mm

Chips: technology implemented

in integrated circuits

Modules that simplify the use of the

technology

u-blox is a component supplier for the electronics industry

Modules IP Functional Units

End products

Example: GNNS in the car

Description Core technology knowhow

Basic components

Functional sub-systems

Tier1 End product Brand, sells to end user

Industry players

u-blox CSR Broadcom

u-blox CSR Broadcom ST Micro

u-blox Trimble

Bosch Coagent Harman Becker

BMW Audi Mercedes

Chips


Our quality assures high product reliability

• u-blox

• ISO 9001 certified

• Zero defect strategy

• Strict adherence to automotive standards

• Manufacturing sites ISO/TS 16949 automotive certified

• Modules ISO 16750 qualified for vehicle use

• ICs JESD47 and AEC-Q100 automotive qualified

• Structured life cycle management

• Product change notification (PCN) process

• End-of-life (EOL) process

• Corporate responsibility

• Member of UN Global Compact

• Hazardous-use materials program implemented

• Green partnerships


Innovation that meets market demands

19% of sales invested in R&D*

AMY: world‘s

smallest GPS module

CellLocate: first embedded

positioning solution based

on GSM In-house 4G (LTE)

technology

Multi constellation:

GPS, Galileo, Glonass,

Compass, QZSS, SBAS

UBX-G7020-CT

Smallest stand-alone

GPS/GLONASS chip

LISA: world‘s smallest 3G

module family

Industry‘ leading

anti-jamming

technology for GPS

Industry leading

Automotive Dead

Reckoning GPS

solution

* 2012


Mobility is a key driver for our business growth

Mobility drives our business – Mobility occurs in many forms

Migra-tion

Business and

vacation travel Exchange

of goods

Delivery of services

Commute Leisure


Size of circle shows volume of estimated traffic (device-km) Source: NZZ, u-blox

Mobility drives our business – Mobility is expanding

Migration

Travel Exchange of goods


Commute

Leisure


Sources: WTO, Nielsen, ACI, FHWA, u-blox

4500

5000

5500

6000

2010 2011 2012

Air Passenger volume [m]

-

5'000

10'000

15'000

20'000

2008

2009

2010

2011

World merchandise trade [b USD]

2'000 2'100 2'200 2'300 2'400 2'500 2'600

2009

2010

2011

World commercial services exports

EU+USA+China [b USD]

0

1000

2000

3000

4000

5000

2000 2010 2025

Vehicle miles [b]

0

100

200

300

400

2013 2018

Cross-border e-commerce [b USD]

CAGR: 6%

CAGR: 17%

CAGR: 190%

CAGR: 4%

CAGR: 5%

Transportation

Communication Location

Mobility demands technology – all closely related

Migration

Travel

Exchange of goods


Commute

Leisure


Transportation


Mobility demands technology – all closely related


• Wired • Wireless

• Fixed • Mobile

• Outdoor • Indoor

Mobility converts into many business sectors


Transportation


Consumer

• Portable devices

• Mobile computing

• Wireless access

• Entertainment

Industrial

• Fleet management

• Asset tracking

• Network infrastructure

• Professional radios

• Smart utility metering

• Payment

• Security

• Healthcare

Automotive

• Infotainment

• Vehicle-to-vehicle communications

• Security

• Insurance

Consumer

•Portable devices

•Mobile computing

•Wireless access

•Entertainment

Strong growth in application sectors


0

500

1000

1500

2000

2011 2016

Navigation enabled devices [m]

0

10

20

30

40

50

60

70

2012 2016

Hot Spot routers [m]

Source: Infonetics Research, Berg Insight

Industrial

•Fleet management

•Asset tracking

•Network infrastructure

•Professional radios

•Smart utility metering

•Payment

•Security

•Healthcare



0

1

2

3

4

5

6

2010 2015

Fleet Management devices in EU [m]

0

50

100

150

200

250

300

2008 2015

Smart electricity meters world wide [m]

Source: Berg Insight, Pike Research

Automotive

• Infotainment


• Security

• Insurance



0

10

20

30

40

50

60

70

2006 2012

New cars world wide [m]

0

10

20

30

40

50

2000 2020

Content of electronics in cars [% of production

cost]

Source: Accenture, oica

Mobility depends on connectivity – in wireless form, growing exponentially

Long range

Cellular

Short Range i.e. WiFi


Size of circle shows volume of estimate data traffic (short range = mostly WiFi) Source: Cisco

0

2

4

6

8

10

2013 2016

Consumer Internet traffic [PB per month]

CAGR: 70%

0

5

10

15

20

25

30

35

40

2013 2016

Consumer Internet traffic [PB per month]

CAGR: 23%

The Internet of things – 4G (LTE) accelerates mobile applications


Growth in data traffic and LTE subscriptions (2011 ~ 2017)Source: Ericsson 4Q2013

Traffic Type

LTE g

lobal su

bs

(mill

ions

use

rs) M

onth

ly glo

bal tra

ffic (Exa

byte

s)

0

200

400

600

800

1,000

1,200

1,400

2011 2012 2013 2014 2015 2016 20170

2

4

6

8

10

12

File sharing

Video

Audio

Web browsing

Social network

Download

Encrypted

Other

LTE Subs

Source: Ericsson

CAGR of data traffic: 130%

The Internet of things – An explosion of connected devices


0

2

4

6

8

10

12

14

2011 2020

Connected M2M devices world wide [b]

Source: GSMA


Strategy

Strategy

u-blox maintains a focused portfolio of market leading products. We grow through innovation. We retain and win new customers. We use a strong operating cash flow to acquire new technologies and remain an attractive employer where employees can excel.


Elements of strategy

• Combination of Technology

• Wireless communication with high frequency signals (500MHz…2GHz)

• Signal processing with dedicated processors and embedded software

• Own the salient IP for the selected technologies, GNSS and cellular modems

• Integrated circuits

• Radio frequency (RF) circuits

• Baseband processor circuits

• Firmware for driving these circuits

• Modules - a pre-conceived complete building block for integrating the technology in a end-user product

• Provide the technology in parallel

• as components, HW and SW

• as modules

• Lead by competence and economies of scale


Product Strategy

Solution

Products

Positioning Wireless

Communications

Integrated Circuits

Modules

Services

Design and Performance CellLocateTM,

AssistNowTM

Wireless solutions,

4G protocol stack

licensing


Strong combination of technology and product offerings

Significant competitive benefits

• Support of a very large customer base

• Quick time to market

• Outstanding product performance

• Low risk

• High quality

Positioning

Wireless communications

Technology know-how

Global leader in

modules

2003…………………..………..2013 2001…………………………..………..………..2013


Competition landscape

• Chips: Large semiconductor manufacturers

• Qualcomm (US)

• CSR (US)

• Broadcom (US)

• ST Microelectronics (CH)

• MTK (TW)

• GNSS Modules vendors

• Trimble (US)

• Asian local assemblers (CN, JP, KR, TW)

• Wireless Modules vendors

• Telit (IT)

• Cinterion (DE)

• Sierra Wireless (US)

• SIM (CN)

• Asian assemblers (CN, KR, JP)


Why customers choose u-blox

Dependable

• Public company financially very solid

• More than 3,500 active customers, strong market presence

• Full control over value chain and product road map

• High product quality, excellent reliability and environmentally friendly

Competent

• The only company developing both chips and modules for

cellular wireless and positioning

• Very competent technical and commercial support from more than 14 locations world wide

• Very dynamic company developing products and processes for

maintaining a leading position


Financials H1.2013

u-blox group H1/2013

Key figure Amount

CHF

In relation to

revenue

Change H1/12

to H1/13

Revenue 105.1m - 35.4%

Gross profit 49.1m 46.7% 38.5%

EBITDA 21.2m 20.1% 33.2%

EBIT 13.8m 13.1% 21.6%

Net profit 12.2m 11.6% 36.8%

Net operating cash flow 20.4m > + 1’000%


0

20

40

60

80

100

120

140

160

180

200

2010 2011 2012 H1/11 H1/12 H1/13

APAC Americas EMEA

(million CHF)

26%

24%

45%

25%29%

48% 35%

37%

27%

36%42%

28%

30%

30.1

41%

24%

48%

27%

27%

Revenues by geography

Note: based on customers’ billing location

Growth by geographic regions

• Balanced geographical mix

• Increase in all geographic regions (EMEA: +42%, Americas: +10%, Asia Pacific +57%)

• Strong growth in APAC partially due to shift of production from the US to Asia

Comments Revenues by geographic region

+ 35.4%


Industrial

Consumer

Automotive

Revenue by markets

Note: Estimate

• Consumer

• Portable devices

• Mobile computing

• Wireless access

• Entertainment

• Industrial

• Mobile resource management

• Asset tracking

• Network infrastructure

• Professional radios

• Smart utility metering

• Payment

• Security

• Healthcare

• Automotive

• In-car navigation


• Emergency call systems

• Security

• Insurance / Road pricing

• Internet connectivity

Markets details Revenue split per market for H1/2013


52.2%50.3%

46.9%

50.3%

45.7%46.7%

0%

10%

20%

30%

40%

50%

60%

70%

0

10

20

30

40

50

60

70

80

90

2010 2011 2012 H1/11 H1/12 H1/13

Gross Profit % of revenue

(million CHF) % of revenue

Gross profit

• Increase in gross profit to CHF 49.1m in H1/13

• Growth of gross profit of +38.5% compared to H1/12

• Gross profit margin in H1/13 increased compared to H1/12 and remained stable compared to FY 2012.

Comments Gross profit / Gross profit margin

+ 38.5%


0

2

4

6

8

10

12

14

0

2

4

6

8

10

12

14

16

2010 2011 2012 H1/11 H1/12 H1/13

Antaris u-blox 5 u-blox 6 u-blox 7 ASP

(million pcs) (CHF)

0

2

4

6

8

10

12

14

16

0

2

4

6

8

10

12

14

2010 2011 2012 H1/11 H1/12 H1/13

Shipments modules ASP

(million pcs) (CHF)

Shipments and ASP development

• Strong growth of both module and chip volume

• Shipments of new positioning platform u-blox 7 has started

GNSS chips Modules

Note: incl. ANTARIS-Chipset sales by Atmel

+ 35.3%

+ 53.6%


Global customer base

• Strong and stable customer base

• More than 3’500 customers worldwide

• Good spread over different applications and geographical regions

• Largest customer accounts for 9% of total revenue in H1/13

• 10 biggest customers account for 35% of total revenue in H1/13

• No bad debtors

Comments Number of customers totaling 80% of revenue

0

10

20

30

40

50

60

70

2010 2011 2012 H1/11 H1/12 H1/13


14.6 14.2

17.8

7.5 7.6

10.4

12.9%11.4%

10.3%

12.1%

9.8%9.9%

0%

2%

4%

6%

8%

10%

12%

14%

0

2

4

6

8

10

12

14

16

18

20

2010 2011 2012 H1/11 H1/12 H1/13

D&M % of revenues

(% of revenues)(million CHF)

Distribution & marketing / Research & development

Research & development expenses Distribution & marketing expenses

21.3 22.1

32.7

9.5 13.5

20.1

18.9%

17.7%18.9%

15.2%

17.4%

19.2%

0%

5%

10%

15%

20%

25%

0

5

10

15

20

25

30

35

2010 2011 2012 H1/11 H1/12 H1/13

R&D % of revenues

(% of revenues)(million CHF)


Research & Development

63%

Sales, Marketing,

Support

23%

Logistics, Administration

14%

255

95

55

(Total Headcount = 411)

195 215

265

201 234

395

0

50

100

150

200

250

300

350

400

2010 2011 2012 H1/11 H1/12 H1/13

Employees

Average employee level (FTE based) Employee breakdown (end of H1/13, FTE based)

Note: 71% of employees based outside Switzerland (spread over 15 countries) Note: Average number of employees (FTE = full time equivalent)


Income statement

• Revenue increase of 35.4% from H1/12 to H1/13

• Increased gross profit by 38.5%

• Higher R&D expenses now 19.2% of revenue

• H1/13: costs for share based payments in the amount of CHF 1.0m

• EBITDA margin of 20.1%

• EBIT margin of 13.1%

• Lower tax rate of 11.5% due to accounting effects

• Net profit margin of 11.6%

• Restatement of prior year figures due to changes in IAS 19

Comments Consolidated income statement (condensed)

January - June Jan. - Dec.

(in CHF 000s) 2013 2012 2012

(unaudited) (restated) (restated)

Revenue 105'106 77'653 173'128

Cost of sales -56'003 -42'197 -91'949

Gross profit 49'103 35'456 81'179

Operating expenses -35'416 -24'174 -58'343

Other income 85 47 112

Operating profit (EBIT) 13'772 11'329 22'948

Financial income 299 516 922

Finance costs -331 -594 -2'487

Profit before income tax (EBT) 13'740 11'251 21'383

Income tax expense -1'577 -2'361 -4'305

12'163 8'890 17'078

Depreciation and amortization 7'383 4'551 12'240

EBITDA 21'155 15'880 35'188

Net profit, attributable to

owners of the parent


Reportable segments

• 2 reportable segments according to IFRS 8:

• Positioning and Wireless products

Development and distribution of GNSS receivers and wireless modules. They are

sold by u-blox sales organisation and produced by third parties.

• Wireless services

Delivery of reference designs and software in the wireless communication

technology.


Segment information

(in CHF 000s) 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012

Revenue third 104'448 76'999 658 654 105'106 77'653 105'106 77'653

Revenue intragroup 8'393 6'343 8'393 6'343 -8'393 -6'343 0 0

Total revenue 104'448 76'999 9'051 6'997 113'499 83'996 -8'393 -6'343 105'106 77'653

EBITDA 19'608 14'594 1'720 1'428 21'328 16'022 -173 -142 21'155 15'880

Depreciation -1'339 -1'104 -373 -309 -1'712 -1'413 - - -1'712 -1'413

Amortization -4'855 -2'561 -816 -577 -5'671 -3'138 - - -5'671 -3'138

EBIT

Financial income 299 516 299 516

Finance costs -331 -594 -331 -594

EBT -205 -220 13'740 11'251

June 30 Dec 31 June 30 Dec 31 June 30 Dec 31 June 30 Dec 31 June 30 Dec 31

2013 2012 2013 2012 2013 2012 2013 2012 2013 2012

Assets 116'934 105'439 20'642 20'484 137'576 125'923 70'713 65'710 208'289 191'633

13'414 10'929 531 542

January - June January - June

11'47113'945 -173 -142 13'772 11'329

January - June January - June January - June

Positioning and

wireless products

Wireless services Total segments Non-allocated/

eliminations

Group


Statement of financial position (1)

• Strong financial position with a liquidity (incl. marketable securities) of CHF 63.7m

• No significant debt

• Inventory CHF 19.8m

• Increase of trade accounts receivable due to growing revenue

• Increased intangible assets due to technology investments

• Goodwill CHF 37.8m

• Restatement of prior year figures due to changes in IAS 19

Comments Consolidated Statement of financial position (condensed)

June 30, Dec. 31, June 30,

(in CHF 000s) 2013 2012 2012


ASSETS

Current assets

Cash and cash equivalents 36'427 33'416 19'620

Marketable securities 27'286 27'175 37'504

Trade accounts receivable 27'132 22'127 23'418

Other current assets 26'177 24'758 31'247

Total current assets 117'022 107'476 111'789

Non-current assets

Property, plant and equipment 9'982 7'078 5'835

Goodwill 37'755 37'659 23'907

Intangible assets 36'555 33'682 23'648

Financial assets 1'209 1'195 469

Deferred tax assets 5'766 4'543 3'639

Total non-current assets 91'267 84'157 57'498

Total assets 208'289 191'633 169'287


Statement of financial position (2)

• Trade accounts payable of CHF 16.6m

• Non-current liabilities contains deferred tax liabilities (CHF 2.4m), Employee benefits (pensions) (CHF 4.8m) and loans from acquisitions (CHF 2.2m)

• Share capital increase due to exercise of options

Comments Consolidated Statement of financial position (condensed)

June 30, Dec. 31, June 30,

(in CHF 000s) 2013 2012 2012


LIABILITIES AND EQUITY

Liabilities

Current liabilities 34'590 26'868 19'105

Non-current liabilities 11'520 13'915 7'973

Total liabilities 46'110 40'783 27'078

Shareholders’ equity

Share capital 5'773 5'675 5'666

Share premium 91'182 94'132 93'964

Retained earnings 65'224 51'043 42'579

162'179 150'850 142'209

Total liabilities and equity 208'289 191'633 169'287

Total equity


120138

151

127142

162

84.2%84.3%

78.7%

84.5%84.0%

77.9%

50%

60%

70%

80%

90%

0

20

40

60

80

100

120

140

160

180

2010 2011 2012 H1/11 H1/12 H1/13

Total Equity Equity ratio

(as % of total assets)(million CHF)

Statement of financial position

• Strong capital base

• Equity ratio at 77.9%, only slightly declined since December 2012

Comments Total equity and equity ratio


Jan. - Dec.

(in CHF 000s) 2013 2012 2012


Net cash generated from operating activities 20'379 64 32'088

Net cash provided by / (used in) investing activities -13'447 392 -16'805

Net cash used in financing activities -3'980 -15'806 -15'618

2'952 -15'350 -335

Cash and cash equivalents at beginning of period 33'416 35'151 35'151

Effect of exchange rate fluctuations on cash

and cash equivalents 59 -181 -1'400

Cash and cash equivalents at end of period 36'427 19'620 33'416

Net (decrease)/increase in cash and cash

equivalents

Jan. - June

Statement of cash flows

Comments Consolidated statement of cash flows (condensed)

• Cash flow from investing activities:

• CHF -4.6m investments into property, plant and equipment (tools, furniture, equipment)

• CHF -8.7m investments into intangible assets (Software, capitalization of R&D)

• CHF -0.4m net result of marketable securities

• Cash flow from financing activities:

• CHF -1.1m repayment of loans

• CHF -6.4m dividend 2012 paid in April 2013

• CHF +3.5m Capital increase from options


Outlook

Goals

• Grow business with new products

• Wireless

o Expansion of module product line

• Positioning

o Migration to u-blox 7

o Expansion of module product line

• Continued focus on strategic development

• Strengthening of the global presence

• Operational excellence for higher efficiency

• Continued strong business growth in 2013

• Natural hedging maintains relative gross margin against foreign exchange variations

• Some impact by product mix on relative gross margin

• Exchange rate assumptions for 2013: EUR/CHF: 1.20 USD/CHF: 0.95

Financial guidance

Previous

Guidance 2013

Updated

Guidance 2013

Revenue 215 220

EBIT 28 30

M CHF M CHF

• Continued business growth as witnessed in first half year of 2013

• Increased R&D efforts for expanding the product pipeline

Outlook 2013


Corporate Information

Our history

2013 TOBY LTE module launched ~430

2012 u-blox 7 multi GNSS platform launched 400

Kicked off 4G LTE chip development

2011 CDMA wireless modules launched addressing N. American markets 220

Hybrid GPS/wireless positioning platform CellLocate® introduced

2010 LISA 3G wireless modules launched 204

2009 u-blox 6 GPS/GNSS platform launched, 1st wireless module LEON (2G) 190

2007 IPO on the Swiss Exchange 73

2006 u-blox 5 GPS platform launched 53

2003 Dead reckoning solution completed for the automotive industry 40

2002 Development of own GPS chip ANTARIS 30

1998 World‘s first surface-mount GPS module 15

1997 Founding of u-blox 6

Employees


Legal structure u-blox group

u-blox Holding AG Thalwil, Switzerland

u-blox AG Thalwil, Switzerland

(Headquarter)

u-blox Singapore Pte. Ltd.

Singapore u-blox Japan K.K.

Japan u-blox Asia Pacific Ltd.

Hong Kong

100% 100% 100% 100%

u-blox Italia S.p.A. Italy

100%

u-blox Espoo Oy Finland

100%

u-blox America, Inc.

USA

u-blox AG Beijing

representative office Beijing

Representative office of

u-blox Singapore Pte. Ltd. Taipei

u-blox Singapore Pte. Ltd.

(Branch office) Seoul

Sales organization R&D entities

u-blox AG Shenzen

representative office Shenzen

Representative office of u-blox Singapore Pte. Ltd. Bangalore

Representative office of

u-blox Singapore Pte. Ltd. Sydney

u-blox AG Shanghai representative office

Shanghai

100% u-blox UK Ltd.

UK

u-blox San Diego Inc.

USA

100%

u-blox Luton Ltd.

UK

100%

u-blox Melbourn Ltd. UK

100%

u-blox Lahore

(Private) Pty. Pakistan

100%

u-blox Melbourn Ltd. Leuven Branche

Belgium

100% u-blox Cork Ireland


Board of directors

Fritz Farni Chairman

Member AC and NCC

Hans-Ulrich Müller Vize Chairman Chairman AC

Prof. Gerhard Tröster

Chairman NCC Soo Boon Quek Dr. Paul van Iseghem

Additional information – see annual report „Corporate Governance“ p. 45-49

Thomas Seiler CEO

Jean-Pierre Wyss COO


Executive Committee

Additional information – see annual report „Corporate Governance“ p. 50

Thomas Seiler CEO

Head of Marketing and Sales

Jean-Pierre Wyss Executive Vice President

Head of Production and Logistics Co-founder u-blox AG

Daniel Ammann Executive Vice President

Software Development Co-founder u-blox AG

Andreas Thiel Executive Vice President Hardware Development Co-founder u-blox AG

Roland Jud CFO


Worldwide presence (430+ employees for 3’500 customers )

San Diego, USA

Beijing, China

Seoul, Korea

Tokyo, Japan

APAC head office Application engineering center Singapore

Shanghai, China

Hong Kong

Americas head office

Sales, warehouse, application engineering,

Reston, Virginia, USA

Shenzhen, China

Corporate headquarters Thalwil, Switzerland

Regional offices

Sgonico, Italy

Reigate,

Melbourn, Luton, UK

Taipei, Taiwan

Bangalore, India

Leuven, BE

Lahore, Pakistan

Espoo, Finland

Sales office

R&D center

Sydney, Australia

Cork, Ireland


• Semiconductor manufacturing

• Module manufacturing

Our partners

IC packaging and testing

• R&D, sales, marketing, logistics

Packaging and testing

• Wireless technology

Wafer fabs


Shares

Stock Exchange SIX Swiss Exchange

Swiss Security Number / ISIN 3336167 / CH0033361673

Ticker UBXN

Nominal value CHF 0.90

Shares issued 6‘439‘467

Market cap CHF 564 Mio. (21 November 2013)

High / Low 52 weeks CHF 89.50 / CHF 37.25


Share performance (3 months)


Major shareholders

u-blox has about 4’000 registered shareholders

Shareholders with > 3% on November 21, 2013

Investor Country Share% Number

• Werner Dubach, Hergiswil, Zürich Switzerland 10.12% 638’000

• BlackRock Inc., Delaware USA 5.56% 316'587

• BlackRock Asset Management Schweiz AG Switzerland 3.020% 188'747

• LB Swiss Investment AG, Zürich Switzerland 4.896% 308’717

• UBS Fund Management AG, Basel Switzerland 3.170% 197'866

• Credit Suisse Funds AG, Zürich Switzerland 3.050% 190'429


Analyst Coverage & Market making

Analysts

• Zürcher Kantonalbank Andreas Müller

• Credit Suisse Felix Remmers

• Bank Vontobel Michael Foeth

Market making

• Zürcher Kantonalbank

Please note that any opinions, estimates or forecasts regarding u-blox' performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of u-blox or its management.


Upcoming events

• Press conference on Year end results: March 20, 2014

• Annual General Meeting: April 29, 2014


Investor relations contact

Thomas Seiler

Chief Executive Officer

u-blox Holding AG

Zürcherstrasse 68

8800 Thalwil, Switzerland

Phone: +41 44 722 74 44

Fax: +41 44 722 74 99

E-mail: [email protected]

Roland Jud

Chief Financial Officer

u-blox Holding AG

Zürcherstrasse 68

8800 Thalwil, Switzerland

Phone: +41 44 722 74 44

Fax: +41 44 722 74 99

E-mail: [email protected]


Thank you!


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Thomas Seiler, CEO locate, communicate, accelerate Helvea ...€¦ · u-blox at a glance u-blox is a leading fabless semiconductor provider of positioning and wireless communication