u-blox holding AG reported an 11.0% revenue increase to CHF 179.7 million for H1 2016 compared to H1 2015, alongside a 13.4% rise in gross profit. The company maintained its EBIT margin at 15.5% and achieved a net profit of CHF 18.5 million. Additionally, u-blox launched seven new products and strengthened its cash flow from operating activities.

1. locate, communicate, accelerate
H1/2016 Results
u-blox Holding AG
August 26, 2016
Thomas Seiler, CEO
Roland Jud, CFO

2. © u-blox Holding AG, August 26, 2016
Disclaimer
Slide 2
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.

3. © u-blox Holding AG, August 26, 2016
Agenda
• Operational highlights H1/2016
• Financial results H1/2016
• Business review
• Outlook
• Q&A
Slide 3

4. Operational highlights H1/2016
• 11.0% revenue increase as compared to the first half of 2015
• Business managed for profitable growth
• Strengthened EBIT margin, increased with favorable product mix
• Strong raise in cash flow from operating activities
• Revenue guidance slightly revised, EBIT guidance maintained
• Strong product innovation
• 7 new cutting-edge products launched
• Continued investment in R&D
© u-blox Holding AG, August 26, 2016Slide 4

5. u-blox group H1/2016
© u-blox Holding AG, August 26, 2016Slide 5
Change H1/2016
to H1/2015
Revenue 179.7m - 11.0%
Gross profit 82.5m 45.9% 13.4%
EBITDA 39.1m 21.8% 7.1%
Operating profit (EBIT ) 27.8m 15.5% 12.3%
Net profit, attributable to owners of
the parent 18.5m 10.3% 23.6%
Net cash generated from
operating activities 26.3m 14.6% 27.9%
Key figures Amount CHF In relation to
revenue

6. Revenue and EBIT
© u-blox Holding AG, August 26, 2016Slide 6
CommentsRevenue and EBIT
• Business managed to profitable growth
• Continued growth of revenues (+11.0% compared
to H1/2015), all organic
219.8
270.0
338.3
121.6
161.9
179.7
30.1 39.1
51.3
18.8 24.8 27.8
0
50
100
150
200
250
300
350
400
2013 2014 2015 H1/14 H1/15 H1/16
Revenue EBIT
(million CHF)

7. Industrial
Consumer
Automotive
Markets trends
© u-blox Holding AG, August 26, 2016Slide 7
Note: Estimate
• Consumer market growth with tracking and
unmanned vehicles
• Good progress in Automotive with telematics
• Industrial markets expanding in all
applications
CommentsRevenue split per market for H1/2016

8. 0
50
100
150
200
250
300
350
400
2013 2014 2015 H1/14 H1/15 H1/16
APAC Americas EMEA
25%
48%
27%
29%
25%
47%
46%
26%
28%
58.1
23%
48%
29%
26%
48%
26%
28%
46%
25%
(million CHF)
11.0%
Revenues by geography
© u-blox Holding AG, August 26, 2016Slide 8
Note: based on customers’ billing location
Growth in all geographic regions compared to H1/2015
• Asia Pacific +9.4%
• EMEA: +15.4%
• Americas: +9.8%
CommentsRevenues by geographic region

9. 101.2
122.7
155.0
57.6
72.8 82.5
46.0% 45.4%
45.8% 47.4%
44.9%
45.9%
0%
10%
20%
30%
40%
50%
60%
0
20
40
60
80
100
120
140
160
180
2013 2014 2015 H1/14 H1/15 H1/16
Gross Profit % of revenue
(million CHF) % of revenue
13.4%
Gross profit
© u-blox Holding AG, August 26, 2016Slide 9
• Increase in gross profit to CHF 82.5m in
H1/2016 from CHF 72.8m
• Growth of gross profit of +13.4%
compared to H1/2015
• Gross profit margin in H1/2016 was
maintained compared to 2015 thanks to
favorable product mix
CommentsGross profit / Gross profit margin

10. 0
1
2
3
4
5
6
7
0
5
10
15
20
25
30
35
40
45
50
2013 2014 2015 H1/14 H1/15 H1/16
Antaris u-blox 5 u-blox 6 u-blox 7 u-blox M8 ASP
(million pcs) (CHF)
19.9%
0
2
4
6
8
10
12
0
5
10
15
20
25
30
2013 2014 2015 H1/14 H1/15 H1/16
Shipments modules ASP
(million pcs) (CHF)
15.3%
Shipments and ASP development
© u-blox Holding AG, August 26, 2016Slide 10
• Growth of both module and chip volume
• Shipments of new positioning platform u-blox M8 comes into volumes
GNSS chipsModules
Note: incl. ANTARIS-Chipset sales by Atmel

11. Global customer base
© u-blox Holding AG, August 26, 2016Slide 11
• Strong and stable customer base, serving now
5700 customers worldwide
• Continued wide spread over different
applications and geographical regions
• No important customer dependency: Largest
customer accounts for less than 8% of total
revenue in H1/2016
• 10 biggest customers account for 38.5% of
total revenue in H1/2016
CommentsNumber of customers totaling 80% of revenue
67 69
65 66
63 63
0
10
20
30
40
50
60
70
2013 2014 2015 H1/14 H1/15 H1/16

12. 21.2
24.5
27.7
11.5
13.3
15.9
9.7% 9.1%
8.2%
9.5%
8.2%
8.8%
0%
2%
4%
6%
8%
10%
12%
0
5
10
15
20
25
30
2013 2014 2015 H1/14 H1/15 H1/16
Sales & Marketing % of revenues
(% of revenues)(million CHF)
Distribution & marketing / Research & development
© u-blox Holding AG, August 26, 2016Slide 12
Research & development expensesDistribution & marketing expenses
38.9
49.9 65.0
22.7
29.9 32.1
17.7% 18.5%
19.2%
18.7%
18.5%
17.9%
0%
5%
10%
15%
20%
25%
0
10
20
30
40
50
60
70
2013 2014 2015 H1/14 H1/15 H1/16
Research & Development % of revenues
(% of revenues)(million CHF)

13. Research &
Development
68%
Sales,
Marketing,
Support
18%
Logistics,
Administration
14%
534
145
106
Total Headcount = 798
408
538
671
464
610
729
0
100
200
300
400
500
600
700
2013 2014 2015 H1/14 H1/15 H1/16
Employees
© u-blox Holding AG, August 26, 2016Slide 13
Average employee level (FTE based)Employee breakdown (end of H1/2016, FTE based)
Note: 76% of employees based outside Switzerland (spread over 18 countries) Note: Average number of employees (FTE = full time equivalent)

14. Income statement
© u-blox Holding AG, August 26, 2016Slide 14
• Revenue increase of 11.0% from H1/2015 to
H1/2016
• Increased gross profit by 13.4%
• OPEX 31.1% of revenue
• H1/2016: costs for share based payments in
the amount of CHF 3.5m
• EBITDA with margin of 21.8%
• Increased EBIT margin of 15.5% with growth
of 12.3% compared to H1/2015
• Finance costs contain interests for bond and
realized and unrealized fx-loss
• Tax rate of 25.9% compared to year end
2015 with 22.1%
• Increased Net profit with margin of 10.3%
compared to H1/2015
• EPS = CHF 2.73 (diluted EPS: CHF 2.67)
CommentsConsolidated income statement (condensed)
January - June Jan. - Dec.
(in CHF 000s) 2016 2015 2015
(unaudited) (unaudited) (audited)
Revenue 179'688 161'912 338'341
Cost of sales -97'205 -89'158 -183'323
Gross profit 82'483 72'754 155'018
Operating expenses -55'856 -49'647 -106'201
Other income 1'216 1'686 2'474
Operating profit (EBIT) 27'843 24'793 51'291
Financial income 123 198 996
Finance costs -3'016 -6'502 -4'674
Profit before income tax (EBT) 24'950 18'489 47'613
Income tax expense -6'453 -3'525 -10'515
18'497 14'964 37'098
Operating profit (EBIT) 27'843 24'793 51'291
Depreciation and amortization 11'301 11'748 27'421
EBITDA 39'144 36'541 78'712
Net profit, attributable to owners
of the parent

15. Segment information
© u-blox Holding AG, August 26, 2016Slide 15
(in CHF 000s) 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015
Revenue third 179'546 161'760 142 152 179'688 161'912 179'688 161'912
Revenue intragroup 14'944 12'655 14'944 12'655 -14'944 -12'655 0 0
Total revenue 179'546 161'760 15'086 12'807 194'632 174'567 -14'944 -12'655 179'688 161'912
EBITDA 36'098 33'468 3'244 3'106 39'342 36'574 -198 -33 39'144 36'541
Depreciation -3'063 -2'691 -923 -873 -3'986 -3'564 - -3'986 -3'564
Amortization -7'292 -7'949 -23 -235 -7'315 -8'184 - -7'315 -8'184
EBIT
Financial income 123 198 123 198
Finance costs -3'016 -6'502 -3'016 -6'502
EBT -3'091 -6'337 24'950 18'489
June 30 Dec 31 June 30 Dec 31 June 30 Dec 31 June 30 Dec 31 June 30 Dec 31
2016 2015 2016 2015 2016 2015 2016 2015 2016 2015
Assets 248'755 240'232 14'111 14'956 262'866 255'188 125'280 131'655 388'146 386'843
Positioning and
wireless products
Wireless services Total segments Non-allocated/
eliminations
Group
-198 -33 27'843 24'793
January - June January - June January - JuneJanuary - June January - June
24'82628'04125'743 22'828 2'298 1'998

16. Statement of financial position (1)
© u-blox Holding AG, August 26, 2016Slide 16
• Strong financial position with a liquidity
(incl. marketable securities) of CHF 117.4m
• Inventory CHF 40.0m (Dec. 2015: CHF 37.4m)
• Trade accounts receivable remained stable
• Increased intangible assets due to capitalization
of R&D expenses
• Goodwill (CHF 55.2m) net reduced by
CHF 1.6m as result of exchange rate changes
mainly in GBP
CommentsConsolidated Statement of financial position (condensed)
June 30, Dec. 31, June 30,
(in CHF 000s) 2016 2015 2015
(unaudited) (audited) (unaudited)
ASSETS
Current assets
Cash and cash equivalents 107'265 112'387 74'729
Marketable securities 10'150 11'659 16'862
Trade accounts receivable 42'579 43'790 39'767
Other current assets 53'821 51'933 52'847
Total current assets 213'815 219'769 184'205
Non-current assets
Property, plant and equipment 13'785 14'708 14'807
Goodwill 55'160 56'716 55'207
Intangible assets 97'520 88'042 79'823
Financial assets 787 678 592
Deferred tax assets 7'079 6'930 6'886
Total non-current assets 174'331 167'074 157'315
Total assets 388'146 386'843 341'520

17. Statement of financial position (2)
© u-blox Holding AG, August 26, 2016Slide 17
• Trade accounts payable of CHF 20.3m
• Bond of CHF 60m issued in April 2015
(6 years, interest rate 1.625%)
• Non-current liabilities contain in addition to the
bond
• Deferred tax liabilities (CHF 5.5m),
• Employee benefits (pensions) (CHF 16.2m)
• Provisions (CHF 5.5m)
• Share capital increase due to exercise of options
CommentsConsolidated Statement of financial position (condensed)
June 30, Dec. 31, June 30,
(in CHF 000s) 2016 2015 2015
(unaudited) (audited) (unaudited)
LIABILITIES AND EQUITY
Liabilities
Current liabilities 46'070 55'405 42'485
Non-current liabilities 88'072 83'117 80'644
Total liabilities 134'142 138'522 123'129
Shareholders’ equity
Share capital 6'125 6'053 6'034
Share premium 73'345 84'006 83'219
Retained earnings 174'534 158'262 129'138
254'004 248'321 218'391
Total liabilities and equity 388'146 386'843 341'520
Total equity

18. 180
213
248
191
218
254
79.7%
70.5%
64.2%
73.0%
63.9%
65.4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
0
50
100
150
200
2013 2014 2015 H1/14 H1/15 H1/16
TotalEquity Equity ratio
(million CHF) (% of total assets)
Statement of financial position
© u-blox Holding AG, August 26, 2016Slide 18
• Strong capital base
• Increased Equity ratio of 65.4%
CommentsTotal equity and equity ratio

19. Statement of cash flows
© u-blox Holding AG, August 26, 2016Slide 19
CommentsConsolidated statement of cash flows (condensed)
Cash flow from investing activities:
• CHF -3.3m investments into property, plant and
equipment (tools, furniture, equipment)
• CHF -17.8m investments into intangible assets
(Software, capitalization of R&D)
• CHF 1.3m net proceeds from marketable
securities
Cash flow from financing activities:
• CHF -12.9m dividend 2015 paid in May 2016
• CHF +2.3m capital increase from options
• CHF -1.0m interest paid for bond
Jan. - June 2016 Jan. - June 2015
(in CHF 000s) (unaudited) (unaudited)
26'256 20'522
-19'622 -15'751
-11'581 33'232
-4'947 38'003
112'387 37'662
-175 -936
107'265 74'729
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at
end of period
Net cash generated from operating activities
Net cash used in investing activities
Net cash provided by financing activities
Cash and cash equivalents at beginning of period
Effect of exchange rate fluctuations on cash and
cash equivalents

20. locate, communicate, accelerate
Business update

21. Product launch highlights
© u-blox Holding AG, August 26, 2016Slide 21
SARA-U201
The smallest cellular
module that
supports both 2G
and 3G
LILY-W1
Provides Wi-Fi
connectivity to a broad
range of industrial and
commercial products
NEO-M8U
The first untethered 3D dead
reckoning (UDR) module
NEO-M8P
For operations where
pinpoint precision is a key
feature: unmanned vehicles
and robotic guidance systems
u-blox M8
Updated with full
constellation capabilities,
higher accuracy and eCall
support
NINA-B1
Bluetooth low-energy
module for healthcare and
automation applications
u-blox 8
New platform for wearable
devices: Low power
consumption without
compromising performance

22. Untethered Dead Reckoning at a glance: NEO-M8U
• NEO-M8U, the industry’s first Untethered 3D Dead Reckoning (UDR) module
with build-in sensors.
• Accurate positioning even where GNSS signals are weak or not available. It
achieves this without any connection to the vehicle other than power.
• Ideal for any road vehicle application.
Slide 22
Insurance
telematics
Security – car
alarm
Navigation
(aftermarket)
Road tolling Fleet management
Typical industrial vehicle based tracking solution
© u-blox Holding AG, August 26, 2016

23. Comparative accuracy: NEO-M8U
Slide 23
GNSS
Position accuracy: 21 m
Height accuracy: 31 m
Heading accuracy: 8º
UDR
Position accuracy: 7 m
Height accuracy: 10 m
Heading accuracy: 2º
Downtown Frankfurt
© u-blox Holding AG, August 26, 2016

24. Good mix of existing customers and new business wins
• All products (Cellular, Short Range, Positioning) experienced strong traction
© u-blox Holding AG, August 26, 2016Slide 24
Qihoo 360 Technology, China
Mobile security solutions (Child
tracking watches)
u-blox product:
UBX-G7020-CT GNSS chip
Pietro Fiorentini, Italy
Components, systems and
services for the regulation and
metering of natural gas.
u-blox product:
SARA-G350 cellular module
KIWI PLUS, Korea
Children’s smartwatch
u-blox product:
SARA-U270 cellular module,
UBX-G7020-KT GNSS chip

25. Strategic priorities 2016 (1)
Market position
Slide 25
Outlook 2016
• Put our enlarged sales force to work to focus on specific
market sectors and accelerate growth in specific markets
• Improve navigation technology and automotive quality
products to consolidate our leading position in global
automotive markets
Outlook 2016
• Adding new features with outstanding performance
• Add value and performance by allowing customers to use
several u-blox components side by side
Technology &
Innovation
© u-blox Holding AG, August 26, 2016

26. Strategic priorities 2016 (2)
Slide 26
Operational
excellence
Outlook 2016
• Adoption of lean processes for the management of
innovation and creativity (new products)
• Cost-effective ways of developing hardware and software
compatible with international functional safety standards
(ISO 26262)
Outlook 2016
• Establish partnerships with companies offering services that
augment performance and add value to our components
• Review acquisition opportunities through which we can
acquire technologies that broaden our existing portfolio
Strategic
partnerships &
acquisition
opportunities
© u-blox Holding AG, August 26, 2016

27. Outlook

28. • Continued strong business growth in 2016
• Impact by product mix on relative gross margin
• Natural hedging protects relative gross margin
against foreign exchange variations
• Exchange rate assumptions for 2016:
EUR/CHF: 1.08 USD/CHF: 0.97 GBP/CHF: 1.42
• FX-sensitivity against CHF on Guidance 2016
Outlook
Goals
• Grow business with new products
• Wireless
o Expansion of module product line for
3G and 4G
• Positioning
o Business growth based on u-blox M8
and u-blox 8
o Attractive new products
• Short Range
o Expansion of product line
o Growth driven by many IoT*
applications
• Continued focus on strategic development
• Strengthening of the global presence
• Operational excellence for higher efficiency
Slide 28
Financial performance outlook 2016
© u-blox Holding AG, August 26, 2016
*) This guidance is based on the absence of unforeseen economic adversity and
exchange rates assumed at budget level
+10% of USD EUR GBP
Revenue + 8.4% + 1.5% 0%
EBIT + 23.6% + 1.2% - 2.0%
Actual
FY 2015
Actual
H1.2016
Guidance
2016
Revised
Guidance
2016*)
Revenue 338.3m 179.7m 395m…405m 375m…385m
EBIT 51.3m 27.8m 56m…60m 56m… 60m
CHF CHF CHF CHF
*) Internet of Things

29. © u-blox Holding AG, August 26, 2016
Upcoming events
• Investor and analyst day September 23, 2016
• 2017 annual results March 16, 2017
• Annual General Meeting April 25, 2017
Slide 29

30. Thank you!
locate, communicate, accelerate