EXECUTIVE MANAGEMENT Steven W. Berglund President and Chief Executive Officer Rajat Bahri Chief Financial Officer Richard A. Beyer President Trimble Mobile Solutions Bryn Fosburgh Vice President Engineering and Construction Alan R. Townsend Vice President Field Solutions Dennis L. Workman Vice President Component Technologies Ann Ciganer Vice President Strategic Policy Joseph F. Denniston, Jr. Vice President Operations Mark A. Harrington Vice President Strategy and Business Development Debra Hirshlag Vice President Human Resources Irwin L. Kwatek Vice President and General Counsel Advanced Technology and Systems Michael W. Lesyna Vice President Business Transformation Bruce E. Peetz Vice President Anup V. Singh Vice President Corporate Controller John E. Huey Treasurer BOARD OF DIRECTORS Robert S. Cooper, Ph.D., Chairman Aerospace Consultant to L3COM, Inc. Steven W. Berglund President and Chief Executive Officer John B. Goodrich, Secretary Business Consultant William Hart Venture Capital Investor and Business Consultant Ulf J. Johansson, Ph.D. Director Telefon AB LM Ericsson A telecommunications company INVESTOR RELATIONS CONTACT (408) 481-7838 Investor_relations@trimble.com ADDITIONAL INFORMATION The Company’s annual report on Form 10-K, as filed with the Securities Exchange Commission, is also available on the Investor Relations section of the company’s website at: http://www.trimble.com/ir_reports.html TRIMBLE INVESTOR INFORMATION Traded: The NASDAQ Stock Exchange Symbol: TRMB © Trimble Navigation Limited. All rights reserved. Trimble, the globe and triangle logo, AgGPS and TrimTrac are trademarks of Trimble Navigation Limited registered in the United States and in other countries. EZ-Steer is a trademark of Trimble Navigation Limited. All other trademarks are the property of their respective owners. 022540-007 Bradford W. Parkinson, Ph.D. Professor (Emeritus) Department of Aeronautics and Astronautics Stanford University Nickolas W. Vande Steeg President & COO Parker Hannifin Corporation A diversified manufacturer Corporate Headquarters: Trimble Navigation Limited 935 Stewart Drive Sunnyvale, California 94085 Phone: (408) 481-8000 www.trimble.com SHAREHOLDER INFORMATION INDEPENDENT AUDITORS Ernst & Young LLP Palo Alto, California TRANSFER AGENT & REGISTRAR American Stock Transfer & Trust Company 59 Maiden Lane Plaza Level New York, NY 10038 1 (800) 937-5449 TRIMBLE LOCATIONS WORLDWIDE CORPORATE HEADQUARTERS: INTERNATIONAL OPERATIONS: Trimble Navigation Limited 935 Stewart Drive Sunnyvale, CA 94085 UNITED STATES OPERATIONS: Trimble TerraSat Haringstrasse 19 Germany D-85635 Höhenkirchen-Siegertsbrunn Trimble Tempe 7850 South Hardy Drive, Suite 122 Tempe, AZ 85284 Trimble Rockies 7401 Church Ranch Boulevard Westminster, CO 80021 Trimble Dayton 5475 Kellenburger Road Dayton, OH 45424 Trimble Mobile Solutions 3650 Concorde Parkway, Suite 150 Chantilly, VA 20151 Advanced Public Safety, Inc. 500 Fairway Drive, Suite 204 Deerfield Beach, FL 33441 Apache Technologies 8261 State Route 235 Huber Heights Dayton, OH 45424 MobileTech Solutions, Inc. 19111 N Dallas Parkway Suite 350 Dallas, TX 75287 Pacific Crest 990 Richard Avenue, Suite 110 Santa Clara, CA 95050 Tripod Data Systems 345 SW Avery Avenue Corvallis, OR 97333 Americas Regional Fullfillment Center 5475 Kellenburger Road Dayton, OH 45424 Trimble Jena Carl-Zeiss Promenade 10 D-07740 Jena Germany Trimble Kaiserslautern Am Sportplatz 5 D-67661 Kaiserslautern Germany Trimble New Zealand 11 Birmingham Drive P.O. Box 8729 Riccarton, Christchurch New Zealand Trimble Sweden Box 64, Rinkebyvägen 17 182 11, Danderyd Sweden Applanix 85 Leek Crescent Richmond Hill, Ontario Canada L4B 3B3 GeoNav An der Feldmark 16 D-31515 Wunstorf Germany Meerheide 45 5521DZ Eersel Netherlands EUROPE: Trimble France France Trimble Germany Am Prime Parc 1 165479 Raunheim Germany Trimble Italy Cento Torri Bianche Palazzo Larice, 3 20059 Vimercate (MI) Italy Trimble Russia 23, 1st Tverskaya-Yamskaya Via de las Dos Castillas No. 33 Moscow, 125047 Russia Trimble Spain Atica. Edificio 6 Despacho B-2 Madrid Spain 28224 Pozuelo de Alarcon Trimble Nordic Box 64, Rinkebyvägen 17 182 11, Danderyd Sweden Trimble UK Trimble House Meridian Office Park Osborn Way, Hook Hampshire RG27 9HX UK Trimble Benelux Meerheide 45 5521DZ Eersel Netherlands MIDDLE EAST: Trimble Dubai LOB 14 Office 322 PO Box 17760 Jebel Ali Free Zone Dubai UAE Trimble Australia Level 1/120 Wickham Street Fortitude Valley QLD 4006 Australia European Regional Fulfillment Center INTERNATIONAL SALES CENTERS INTERNATIONAL SALES CENTERS 32, rue de la Fontaine du Vaisseau 94120 Fontenay-sous-Bois INTERNATIONAL SALES CENTERS ASIA AND PACIFIC RIM: Trimble China Beijing Representative Office Room 2805-7, Tengda Plaza No. 168 Xiwai Street, Haidian District Beijing 100044 China 311 Fute (M) Road, 3/F, Wai Gaoqiao Free Trade Zone Pudong Shanghai, China 200131 Trimble India SF – 04, JMD Regent Plaza M.G. Road Gurgaon 122001 New Delhi, India Trimble Korea 8F, Geumwon Bldg., 943-12 Daechi3-dong Kangnam-gu, Seoul 135-845 Korea Trimble Singapore 80 Marine Parade Road 22-06, Parkway Parade Singapore 449269 Singapore THE AMERICAS: Trimble Canada 41 Horner Avenue, Unit 5 Toronto, Ontario M8Z 4X4 Canada JOINT VENTURES: 5475 Kellenburger Road Dayton, OH 45424 Caterpillar Trimble Control Technologies LLC Nikon-Trimble Co., Ltd. Technoport Mitsuiseimei Building 16-2, Minamikamata 2-chome, Ota-ku Tokyo 144-0035, Japan INTERNATIONAL SALES CENTERS FOR THE RECORD “Trimble maintained its multi-year progression of growth and operational improvement through 2005. This was reflected in both our financial performance during the year, as well as in the non–financial metrics which provide the platform for our future growth and development. Revenue of $774.9 million was up 16 percent for the year, with a compounded growth rate of 19 percent since 1999. GAAP operating margins were 16 percent of revenue for the year, an 8.5 point increase from 1999.” highlights REVENUE in $ millions EBITDA* in $ millions CASH FLOW FROM OPERATIONS in $ millions 800 700 600 500 400 300 200 100 0 150 120 90 60 30 0 100 80 60 40 20 0 00 01 02 03 04 05 00 01 02 03 04 05 00 01 02 03 04 05 *Earnings before interest, taxes, depreciation and amortization “We search out markets that are underserved by technology and in which we can play a significant role in changing the nature of work. Key to this process is applying technology in a way that is relevant to the specific needs of the market. This requires imagination in coupling the elements of technology in unique ways that create compelling value for the user.” TO OUR SHAREHOLDERS, EMPLOYEES AND PARTNERS Trimble maintained its multi-year progression of growth and operational sales which benefited from a full product portfolio sold into a improvement through 2005. This was reflected in both our financial relatively unpenetrated market. Although Field Solutions’ perfor- performance during the year, as well as in the non-financial metrics mance within the year was inconsistent, we exited the year with which provide the platform for our future growth and development. good momentum. Revenue of $774.9 million was up 16 percent for the year, with a compounded growth rate of 19 percent since 1999. GAAP operating margins were 16 percent of revenue for the year, an 8.5 point increase from 1999. Looking at our results by reporting segment: • Mobile Solutions segment revenue grew by 34 percent, with an operating loss of $3.1 million, down from $6.0 million in 2004. The segment also achieved profitability during the fourth quarter, a major milestone. This transition to profitability was enabled by • The Engineering & Construction segment had another strong year. continuous improvements in the underlying trends of subscriber Revenue grew 19 percent and segment profit grew by 48 percent. count, recurring revenues, and operating leverage. We can now These results were driven by a steady market environment, focused focus more aggressively on growing revenue, with the accompanying marketing, new products, and new product categories. high operating leverage consistent with this segment’s business • Field Solutions segment revenue grew by 21 percent with operating margin growth of 29 percent. This growth was driven by agriculture model. We expect Mobile Solutions to make increasingly meaningful contributions to Trimble’s success over the next few years. • The Component Technologies segment had a tough year. Revenue Mobile and Field Worker Productivity is a promising emerging arena was down 18 percent from the prior year and segment operating for Trimble. Here we are focused on enabling commercial vehicles profit reflected this downturn, with a decline of 42 percent. The key carrying valuable loads, and mobile workers performing complex factors at play within the segment are a combination of fundamental tasks. The technological convergence of robust positioning capabilities, and transitory issues. For example, the automotive business has seen reliable wireless communication, and extensive applications software a realignment of purchasing patterns which continues to affect us enables us to develop solutions targeted at users with complex over time. In general, we are in a transition period in this segment, application needs and provides us with a new recurring revenue with changes in technologies and products, as we evolve to higher- stream. The advantages provided to the user include both the ability value product offerings. GROWTH DRIVERS We continue to test our strategy development within the dual contexts of market and financial goals. First, we expect our strategies to establish to more efficiently perform tasks in the field and, as importantly, to more effectively tie the back office and the field together into a more productive whole. During 2005 we entered two new application areas in Mobile Solutions through the acquisition of MobileTech Solutions, Inc., for direct store delivery, and Advanced Public Safety, Inc., for or extend compelling leadership in our markets—with “compelling” police and fire agencies. being a function of both market share gains, as well as the ability to establish new standards by which users measure competitors. Second, we expect our strategies to deliver financial performance well within the top quartile of the relevant universe of comparable companies and to deliver returns well in excess of our cost of capital. The key elements of our strategy are centered in four arenas: We see significant opportunity in the wider construction realm, which we term the Connected Construction Site, based on our underlying perspective that this trillion dollar industry is a significant laggard in applying information technology to change the way work is done. Our existing products provide significant productivity improvements, eliminate process steps and reduce rework. We anticipate future information and positioning solutions to further tie the site together and deliver even more advantages to our users. During 2005 we extended our product reach in pursuit of this strategy by establishing enhanced positions in fleet and asset management for the contractor and by extending our presence in establishing the infrastructure to provide high accuracy positions to users. Precision Agriculture has been a significant contributor to Trimble’s growth for several years. Today our products provide GPS guidance solutions which enable more precise operation of farm equipment in the field. This allows for better farm economics through improved yield and reduced fertilizer and chemical input costs. We anticipate increasing levels of automation within agriculture and expect to be an active participant in enabling that trend. In 2005, we began shipping a new product, the AgGPS® EZ-SteerTM system, which covered an important and unserved product segment for lower-cost assisted steering. Advanced Devices is our designation for new application areas where we provide GPS technology, or GPS technology together with other elements such as wireless communications or inertial capability. We have historically provided relatively low-level components into high- volume applications such as automobile navigation. We have revised this strategy and are now focusing on providing higher-value products with higher, more defensible price points. ENABLERS relevant to the specific needs of the market. This requires imagination Looking ahead, the story remains the same—as we establish higher in coupling the elements of technology in unique ways that create performance levels, expectations grow commensurately. Stepping compelling value for the user. up to the higher performance level we have defined requires that we get the fundamentals right. Some of the enablers that are key to our success include: Market Engagement—Innovation by itself is not sufficient for our success. Developing a deep understanding of the needs of the user and precisely targeting the right users with the right solution are essential. Operating Leverage—Our operating margin expansion over the last Sloppiness in this process leads to marginal profitability; whereas several years has been enabled by discipline in converting revenue precision in the process leads to margins consistent with the concept of growth into operating earnings. The focus on growing operating compelling value. In addition, a vital element in our engagement with profits faster than revenue is hard-wired into our culture and should the market is a robust third party channel that is capable of concept enable further margin expansion over time. selling and committed to providing world-class support to our users. Innovation—We search out markets that are underserved by technology Execution—Good intentions only get us so far. To excel as a company, and in which we can play a significant role in changing the nature and truly aspire to world-class status, we must raise ourselves to a of work. Key to this process is applying technology in a way that is standard where doing what we say we will do is a routine event. As we have experienced increasing financial and market success we to improvement necessary to achieve this success. We are focused have, in turn, focused on the search for excellence in execution as on helping them develop the skills, and providing them the tools and the next point of focus. environment, to become even better at serving the needs of our Acquisitions—We consider ourselves to be an operating company customers—and our shareholders. focused on organic growth as our principle strategy. Acquisitions Trimble continues to progress and develop. We are committed do have a role to play in our strategy, principally as mechanisms to to constantly elevating our performance as a way to survive and establish beachheads in new market spaces, fill in product line gaps, flourish in a tough world. The efforts of our employees in undertaking or add new technologies to our portfolio. the difficult challenges inherent in realizing our potential are, as Culture and Competencies—Essential to our future success is an organization that is continually striving to do better and is capable of doing so. As we grow larger and more complex, the task becomes more challenging. Our more than 2,400 employees worldwide under- always, appreciated. stand the fundamentals that lie behind our future success. There is Steven W. Berglund no doubt that they have the work ethic, smarts and commitment President and Chief Executive Offi cer “Developing a deep understanding of the needs of the user and precisely targeting the right users with the right solution are essential. Sloppiness in this process leads to marginal profitability; whereas precision in the process leads to margins consistent with the concept of compelling value. In addition, a vital element in our engagement with the market is a robust third party channel that is capable of concept selling and committed to providing world class support to our users.” deliver innovate UNIQUE VALUE AS A WAY OF LIFE Our focus is on delivering value to our customers, shareholders and Trimble was founded over 25 years ago to realize the commercial employees. In financial terms, value has been created through earnings potential of GPS. Today, we build upon this early expertise in positioning growth that has been substantially higher than our robust revenue technology with deep domain understanding of our customers’ growth. Using 1999 as the baseline year, revenue has grown at productivity challenges and workflow needs. With this insight, we a compounded rate of over 19 percent. During the same period, our then create products that enable our customers to do their jobs more non-GAAP operating earnings have grown over 36 percent, with quickly, efficiently and at a lower cost. In the process, Trimble has a resulting margin improvement of 8.5 points. The debt-free balance evolved from a provider of GPS products to a solutions provider sheet allows additional degrees of freedom in planning new sources of with positioning at the core. A significant factor in Trimble’s ability growth. While delivering these financial results, we have established to create solutions is our extensive intellectual property portfolio, the basis for future growth by building new strategic business platforms, currently totaling over 700 patents worldwide. In the marketplace, such as Mobile Solutions and Precision Agriculture, which we believe innovation isn’t just about providing leading edge technology but will continue to grow as a percentage of our overall revenue over the about educating our customers in how to utilize this technology next few years. These factors combine to support the belief that we in a way that matters to them. At Trimble, technology innovation are well-positioned to provide a healthy future return. is only the first step in the process of changing our customers’ business for the better. challenge commit CONVENTION TO THE HIGHEST STANDARD Trimble believes that “where you are” matters in how you do your work. We aspire to be better than we are—and ultimately better than every- This unconventional approach to productivity has forged a path for one else. In some areas we can legitimately claim to be converging on Trimble’s entry into markets as diverse as engineering and construction, world-class standards, while in others we have more to do. This aspiration agriculture, public safety and ready mix concrete delivery. We have extends to all elements of the business, including product solutions long believed that enabling technology in unobvious places—whether that fully satisfy user needs, effective internal processes that eliminate on a bull dozer, or in a corn field—can unlock significant productivity waste, business practices that are based on bedrock integrity, and gains. Trimble’s willingness to enter new markets with new products a culture that enables employees to achieve outstanding results. Our and solutions has been the foundation for our success. We plan to value-driven philosophy is reflected in products like the Trimble® S6 continue challenging convention with innovative technologies, customer Total Station, which was introduced in 2005 and included a number support that goes far beyond the box mentality, and a corporate of revolutionary innovations that challenged the organization to step culture that defies the notion that there are limits to the ways in which up to the next level. It was also reflected in Dimensions 2005, our positioning and productivity can be linked. users’ conference for contractors, surveyors and civil engineers, which established a new standard for the industry. excel establish AS AN ORGANIZATION THE STANDARD IN CUSTOMER SUPPORT Rapid growth challenges our organization to manage increasing levels Our philosophy is founded on the belief that we solve problems—we of complexity while continually raising performance expectations. don’t sell boxes. Our focus is on solutions that bundle a combination of Meeting this challenge requires that we find the right people, we help hardware and software with support and services to create a uniquely them develop the necessary skills, and we build a culture that enables differentiated offering to the user. The primary mechanism for delivering them to perform at world-class levels. In the last several years, the this value to the user is distribution partners who provide outstanding continually increasing talent within the company is reflected in the support before, during and after the initial product purchase. To improved transparency and accountability that resulted from establishing ensure that every interaction with Trimble is positive for our customers, a number of new business units, with income statement responsibility. we focus heavily on creating tools and mechanisms that enable an Virtually all the general managers named to head these business units ever-improving standard of support. These include sophisticated have been promoted from within the company, demonstrating both training and simulation tools, a phone support system that back-stops the competency of the individuals, as well as our commitment to devel- the dealer channel, and a heavy physical presence of Trimble personnel oping our work force. In spite of the challenges of growth and change, in the field participating in the “concept sale.” our corporate culture continues to strengthen—built around key values such as respect for the individual, financial discipline, intellectual rigor, the embrace of change, and commitment to the market. reinforce pursue GLOBAL LEADERSHIP AGGRESSIVE GROWTH WITH RIGOR With customers in dozens of countries; sales offices in eighteen countries; Trimble’s growth is driven by successfully resolving the tension between and development and manufacturing facilities in North America, Asia great ambitions and relentless self-discipline. We have demonstrated and Europe, Trimble is a truly global company. In 2005, almost half of the willingness to push limits by establishing ourselves in a number our revenue came from outside of the United States and we expect this of new markets and new segments of existing markets. In addition, percentage to expand over the next five years. For example, Trimble we have continued to introduce products that set new standards for is working to enable the rapid infrastructure build-outs in emerging performance. We also expanded our position in emerging markets; we markets such as China, India and Eastern Europe. We believe our strong opened new offices in India and Thailand and expanded our physical customer service focus, together with our superior technology, will presence in China. Our long-term growth relies on the precise defini- enable us to establish market leadership positions in these dynamic tion of targeted markets through in-depth segmentation, a focus areas of the world. on under-served markets where we can add significant value through the application of technology, and user support of a caliber the competition cannot match. We believe these principles, coupled with continual attention to the cost model, should enable continued revenue growth with margin expansion, and with returns well above our cost of capital. MAR K E TS SE RVED Engineering and Construction 68% OF TOTAL REVENUE Field Solutions 16% OF TOTAL REVENUE Component Technologies 7% OF TOTAL REVENUE Product Examples Typical Customer Product Examples Typical Customer Product Examples Typical Customer SURVEY GPS, robotic and mechanical total stations Digital levels and theodolites Data collectors and field computers Field and office application software 3D laser scanners Surveyors Civil engineers Construction contractors Transportation agencies Utility companies Plant engineers CONSTRUCTION Machine guidance systems Laser and optical positioning and alignment tools Field and office application software Earth-moving contractors General construction contractors Utility contractors Wall and ceiling contractors Transportation agencies INFRASTRUCTURE GPS reference networks and software Government and scientific agencies General construction contractors Surveyors AGRICULTURE Manual and automated steering systems for farm vehicles Grade control systems for irrigation and drainage MAPPING AND GIS Handheld GPS field data collectors Field and office application software Utility companies Natural resource agencies Government agencies Farmers Agricultural contractors CHIP AND BOARD LEVEL PRODUCTS GPS chipsets, boards and modules Electronics OEMs Portable appliance manufacturers TIMING Embedded silicon and firmware CDMA base station clocks Time and frequency boards and instruments Wireless infrastructure providers Wireless location solution providers TRACKING DEVICES TrimTrac® Locator System integrators Security device suppliers TRIMBLE’S PRODUCTS AND TECHNOLOGIES ENABLE COMPANIES AND PEOPLE AROUND THE WORLD TO BE MORE PRODUCTIVE BY REVOLUTIONIZING WORK PROCESSES WITH POSITION–BASED INFORMATION. MAR K E TS SE RVED Mobile Solutions 4% OF TOTAL REVENUE Product Examples FLEET MANAGEMENT GPS-enabled mobile devices and software SECURITY GPS-enabled mobile devices MOBILE WORKER PRODUCTIVITY TOOLS GPS-enabled mobile devices and software Typical Customer Local fleet operators Municipal fleet operators Commercial vehicles Construction supply Direct store delivery Public safety Portfolio Businesses 5% OF TOTAL REVENUE Product Examples APPLANIX Integrated inertial/GPS positioning and orientation systems DEFENSE GPS receivers for aircraft Military time and frequency boards TRIMBLE OUTDOORS Mapping software GPS-enabled mobile phone Web-based mapping applications Typical Customer Land, marine and aerial surveying and mapping contractors U.S. Department of Defense Allied defense ministries Defense contractors Outdoor enthusiasts EXECUTIVE MANAGEMENT Steven W. Berglund President and Chief Executive Officer Rajat Bahri Chief Financial Officer Richard A. Beyer President Trimble Mobile Solutions Bryn Fosburgh Vice President Engineering and Construction Alan R. Townsend Vice President Field Solutions Dennis L. Workman Vice President Component Technologies Ann Ciganer Vice President Strategic Policy Joseph F. Denniston, Jr. Vice President Operations Mark A. Harrington Vice President Strategy and Business Development Debra Hirshlag Vice President Human Resources Irwin L. Kwatek Vice President and General Counsel Michael W. Lesyna Vice President Business Transformation Bruce E. Peetz Vice President Advanced Technology and Systems Anup V. Singh Vice President Corporate Controller John E. Huey Treasurer BOARD OF DIRECTORS Robert S. Cooper, Ph.D., Chairman Aerospace Consultant to L3COM, Inc. Steven W. Berglund President and Chief Executive Officer John B. Goodrich, Secretary Business Consultant William Hart Venture Capital Investor and Business Consultant Ulf J. Johansson, Ph.D. Director Telefon AB LM Ericsson A telecommunications company INVESTOR RELATIONS CONTACT (408) 481-7838 Investor_relations@trimble.com ADDITIONAL INFORMATION The Company’s annual report on Form 10-K, as filed with the Securities Exchange Commission, is also available on the Investor Relations section of the company’s website at: http://www.trimble.com/ir_reports.html TRIMBLE INVESTOR INFORMATION Traded: The NASDAQ Stock Exchange Symbol: TRMB © Trimble Navigation Limited. All rights reserved. Trimble, the globe and triangle logo, AgGPS and TrimTrac are trademarks of Trimble Navigation Limited registered in the United States and in other countries. EZ-Steer is a trademark of Trimble Navigation Limited. All other trademarks are the property of their respective owners. 022540-007 Bradford W. Parkinson, Ph.D. Professor (Emeritus) Department of Aeronautics and Astronautics Stanford University Nickolas W. Vande Steeg President & COO Parker Hannifin Corporation A diversified manufacturer SHAREHOLDER INFORMATION Corporate Headquarters: Trimble Navigation Limited 935 Stewart Drive Sunnyvale, California 94085 Phone: (408) 481-8000 www.trimble.com INDEPENDENT AUDITORS Ernst & Young LLP Palo Alto, California TRANSFER AGENT & REGISTRAR American Stock Transfer & Trust Company 59 Maiden Lane Plaza Level New York, NY 10038 1 (800) 937-5449 TRIMBLE LOCATIONS WORLDWIDE CORPORATE HEADQUARTERS: INTERNATIONAL OPERATIONS: Trimble Navigation Limited 935 Stewart Drive Sunnyvale, CA 94085 UNITED STATES OPERATIONS: Trimble TerraSat Haringstrasse 19 Germany D-85635 Höhenkirchen-Siegertsbrunn Trimble Tempe 7850 South Hardy Drive, Suite 122 Tempe, AZ 85284 Trimble Rockies 7401 Church Ranch Boulevard Westminster, CO 80021 Trimble Dayton 5475 Kellenburger Road Dayton, OH 45424 Trimble Mobile Solutions 3650 Concorde Parkway, Suite 150 Chantilly, VA 20151 Advanced Public Safety, Inc. 500 Fairway Drive, Suite 204 Deerfield Beach, FL 33441 Apache Technologies 8261 State Route 235 Huber Heights Dayton, OH 45424 MobileTech Solutions, Inc. 19111 N Dallas Parkway Suite 350 Dallas, TX 75287 Pacific Crest 990 Richard Avenue, Suite 110 Santa Clara, CA 95050 Tripod Data Systems 345 SW Avery Avenue Corvallis, OR 97333 Americas Regional Fullfillment Center 5475 Kellenburger Road Dayton, OH 45424 Trimble Jena Carl-Zeiss Promenade 10 D-07740 Jena Germany Trimble Kaiserslautern Am Sportplatz 5 D-67661 Kaiserslautern Germany Trimble New Zealand 11 Birmingham Drive P.O. Box 8729 Riccarton, Christchurch New Zealand Trimble Sweden Box 64, Rinkebyvägen 17 182 11, Danderyd Sweden Applanix 85 Leek Crescent Richmond Hill, Ontario Canada L4B 3B3 GeoNav An der Feldmark 16 D-31515 Wunstorf Germany Meerheide 45 5521DZ Eersel Netherlands EUROPE: Trimble France France Trimble Germany Am Prime Parc 1 165479 Raunheim Germany Trimble Italy Cento Torri Bianche Palazzo Larice, 3 20059 Vimercate (MI) Italy Trimble Russia 23, 1st Tverskaya-Yamskaya Via de las Dos Castillas No. 33 Moscow, 125047 Russia Trimble Spain Atica. Edificio 6 Despacho B-2 Madrid Spain 28224 Pozuelo de Alarcon Trimble Nordic Box 64, Rinkebyvägen 17 182 11, Danderyd Sweden Trimble UK Trimble House Meridian Office Park Osborn Way, Hook Hampshire RG27 9HX UK Trimble Benelux Meerheide 45 5521DZ Eersel Netherlands MIDDLE EAST: Trimble Dubai LOB 14 Office 322 PO Box 17760 Jebel Ali Free Zone Dubai UAE Trimble Australia Level 1/120 Wickham Street Fortitude Valley QLD 4006 Australia European Regional Fulfillment Center INTERNATIONAL SALES CENTERS INTERNATIONAL SALES CENTERS 32, rue de la Fontaine du Vaisseau 94120 Fontenay-sous-Bois INTERNATIONAL SALES CENTERS ASIA AND PACIFIC RIM: Trimble China Beijing Representative Office Room 2805-7, Tengda Plaza No. 168 Xiwai Street, Haidian District Beijing 100044 China 311 Fute (M) Road, 3/F, Wai Gaoqiao Free Trade Zone Pudong Shanghai, China 200131 Trimble India SF – 04, JMD Regent Plaza M.G. Road Gurgaon 122001 New Delhi, India Trimble Korea 8F, Geumwon Bldg., 943-12 Daechi3-dong Kangnam-gu, Seoul 135-845 Korea Trimble Singapore 80 Marine Parade Road 22-06, Parkway Parade Singapore 449269 Singapore THE AMERICAS: Trimble Canada 41 Horner Avenue, Unit 5 Toronto, Ontario M8Z 4X4 Canada JOINT VENTURES: 5475 Kellenburger Road Dayton, OH 45424 Caterpillar Trimble Control Technologies LLC Nikon-Trimble Co., Ltd. Technoport Mitsuiseimei Building 16-2, Minamikamata 2-chome, Ota-ku Tokyo 144-0035, Japan INTERNATIONAL SALES CENTERS FOR THE RECORD EXECUTIVE MANAGEMENT Steven W. Berglund President and Chief Executive Officer Rajat Bahri Chief Financial Officer Richard A. Beyer President Trimble Mobile Solutions Bryn Fosburgh Vice President Engineering and Construction Alan R. Townsend Vice President Field Solutions Dennis L. Workman Vice President Component Technologies Ann Ciganer Vice President Strategic Policy Joseph F. Denniston, Jr. Vice President Operations Mark A. Harrington Vice President Strategy and Business Development Debra Hirshlag Vice President Human Resources Irwin L. Kwatek Vice President and General Counsel Advanced Technology and Systems Michael W. Lesyna Vice President Business Transformation Bruce E. Peetz Vice President Anup V. Singh Vice President Corporate Controller John E. Huey Treasurer BOARD OF DIRECTORS Robert S. Cooper, Ph.D., Chairman Aerospace Consultant to L3COM, Inc. Steven W. Berglund President and Chief Executive Officer John B. Goodrich, Secretary Business Consultant William Hart Venture Capital Investor and Business Consultant Ulf J. Johansson, Ph.D. Director Telefon AB LM Ericsson A telecommunications company INVESTOR RELATIONS CONTACT (408) 481-7838 Investor_relations@trimble.com ADDITIONAL INFORMATION The Company’s annual report on Form 10-K, as filed with the Securities Exchange Commission, is also available on the Investor Relations section of the company’s website at: http://www.trimble.com/ir_reports.html TRIMBLE INVESTOR INFORMATION Traded: The NASDAQ Stock Exchange Symbol: TRMB © Trimble Navigation Limited. All rights reserved. Trimble, the globe and triangle logo, AgGPS and TrimTrac are trademarks of Trimble Navigation Limited registered in the United States and in other countries. EZ-Steer is a trademark of Trimble Navigation Limited. All other trademarks are the property of their respective owners. 022540-007 Bradford W. Parkinson, Ph.D. Professor (Emeritus) Department of Aeronautics and Astronautics Stanford University Nickolas W. Vande Steeg President & COO Parker Hannifin Corporation A diversified manufacturer Corporate Headquarters: Trimble Navigation Limited 935 Stewart Drive Sunnyvale, California 94085 Phone: (408) 481-8000 www.trimble.com SHAREHOLDER INFORMATION INDEPENDENT AUDITORS Ernst & Young LLP Palo Alto, California TRANSFER AGENT & REGISTRAR American Stock Transfer & Trust Company 59 Maiden Lane Plaza Level New York, NY 10038 1 (800) 937-5449 TRIMBLE LOCATIONS WORLDWIDE CORPORATE HEADQUARTERS: INTERNATIONAL OPERATIONS: Trimble Navigation Limited 935 Stewart Drive Sunnyvale, CA 94085 UNITED STATES OPERATIONS: Trimble Tempe 7850 South Hardy Drive, Suite 122 Tempe, AZ 85284 Trimble Rockies 7401 Church Ranch Boulevard Westminster, CO 80021 Trimble Dayton 5475 Kellenburger Road Dayton, OH 45424 Trimble Mobile Solutions 3650 Concorde Parkway, Suite 150 Chantilly, VA 20151 Advanced Public Safety, Inc. 500 Fairway Drive, Suite 204 Deerfield Beach, FL 33441 Apache Technologies 8261 State Route 235 Huber Heights Dayton, OH 45424 MobileTech Solutions, Inc. 19111 N Dallas Parkway Suite 350 Dallas, TX 75287 Pacific Crest 990 Richard Avenue, Suite 110 Santa Clara, CA 95050 Tripod Data Systems 345 SW Avery Avenue Corvallis, OR 97333 Americas Regional Fullfillment Center 5475 Kellenburger Road Dayton, OH 45424 Trimble TerraSat Haringstrasse 19 D-85635 Höhenkirchen-Siegertsbrunn Germany Trimble Jena Carl-Zeiss Promenade 10 D-07740 Jena Germany Trimble Kaiserslautern Am Sportplatz 5 D-67661 Kaiserslautern Germany Trimble New Zealand 11 Birmingham Drive P.O. Box 8729 Riccarton, Christchurch New Zealand Trimble Sweden Box 64, Rinkebyvägen 17 182 11, Danderyd Sweden Applanix 85 Leek Crescent Richmond Hill, Ontario Canada L4B 3B3 GeoNav An der Feldmark 16 D-31515 Wunstorf Germany European Regional Fulfillment Center Meerheide 45 5521DZ Eersel Netherlands INTERNATIONAL SALES CENTERS EUROPE: Trimble France 32, rue de la Fontaine du Vaisseau 94120 Fontenay-sous-Bois France Trimble Germany Am Prime Parc 1 165479 Raunheim Germany Trimble Italy Cento Torri Bianche Palazzo Larice, 3 20059 Vimercate (MI) Italy Trimble Russia 23, 1st Tverskaya-Yamskaya Moscow, 125047 Russia Trimble Spain Via de las Dos Castillas No. 33 Atica. Edificio 6 Despacho B-2 28224 Pozuelo de Alarcon Madrid Spain Trimble Nordic Box 64, Rinkebyvägen 17 182 11, Danderyd Sweden Trimble UK Trimble House Meridian Office Park Osborn Way, Hook Hampshire RG27 9HX UK Trimble Benelux Meerheide 45 5521DZ Eersel Netherlands INTERNATIONAL SALES CENTERS MIDDLE EAST: Trimble Dubai LOB 14 Office 322 PO Box 17760 Jebel Ali Free Zone Dubai UAE INTERNATIONAL SALES CENTERS ASIA AND PACIFIC RIM: Trimble Australia Level 1/120 Wickham Street Fortitude Valley QLD 4006 Australia Trimble China Beijing Representative Office Room 2805-7, Tengda Plaza No. 168 Xiwai Street, Haidian District Beijing 100044 China 311 Fute (M) Road, 3/F, Wai Gaoqiao Free Trade Zone Pudong Shanghai, China 200131 Trimble India SF – 04, JMD Regent Plaza M.G. Road Gurgaon 122001 New Delhi, India Trimble Korea 8F, Geumwon Bldg., 943-12 Daechi3-dong Kangnam-gu, Seoul 135-845 Korea Trimble Singapore 80 Marine Parade Road 22-06, Parkway Parade Singapore 449269 Singapore INTERNATIONAL SALES CENTERS THE AMERICAS: Trimble Canada 41 Horner Avenue, Unit 5 Toronto, Ontario M8Z 4X4 Canada JOINT VENTURES: Caterpillar Trimble Control Technologies LLC 5475 Kellenburger Road Dayton, OH 45424 Nikon-Trimble Co., Ltd. Technoport Mitsuiseimei Building 16-2, Minamikamata 2-chome, Ota-ku Tokyo 144-0035, Japan FOR THE RECORD