UTStarcom Holdings Corp.

Investor PresentationNASDAQ: UTSI

November 2017

Disclosure & Forward Looking Statements

This investor presentation contains forward-looking statements, including statements

regarding the Company's expectation regarding its strategic initiatives and business

outlook. Forward-looking statements are based on current expectations, estimates,

forecasts and projections about the Company, the Company’s future performance

and the industries in which the Company operates as well as on the Company

management's assumptions and beliefs.

These forward-looking statements are only predictions and are subject to risks and

uncertainties that may cause actual results to differ materially and adversely from the

Company’s current expectations. These include risks and uncertainties related to,

among other things, changes in the financial condition and cash position of the

Company, changes in the composition of the Company’s management and their

effect on the Company, the Company’s ability to realize anticipated results of

operational improvements and benefits of the divestiture transaction, successfully

operate and grow its services business, execute its business plan and manage

regulatory matters, as well as the risk factors identified in the Company’s latest Annual

Report on Form 20-F, and Current Reports on Form 6-K, as filed with the Securities and

Exchange Commission. We undertake no obligation to update these forward-looking

statements to reflect events or circumstances occurring after the date of this investor

presentation. The Company is in a period of significant transition and the conduct of its

business is exposed to additional risks as a result.2

Company’s Business Highlights

● Leading Technologies in Packet Optical Transport, Sync over packet and

SDN

● Innovative and customized solutions that help operators to reduce

opex/capex and quickly launch new services

● Long-term partnerships with global blue-chip carrier customers

● Best-in-class product quality attributable to proven R&D and in-house

manufacturing capabilities

● System integration capabilities with strong local teams in key regional

markets

● New growth market opportunities in Residential Gateway, IoT, and Smart

City

3

Overview of Key Products

4

100G Packet Optical TransportThe Service Provider (SP) Router & Carrier Ethernet

Switch (CES) market reached an all-time high of over

$13 B in 2016. … Consistent demand worldwide for 100

GE ports in core networks …

● Over 24,000 nodes have been deployed

● Flagship 100G TN765: large volume deployed since 2015

● New NG-PTN product line announced in 2015: higher

efficiency and advanced SDN-based features

● Rich SDN functionality including L3VPN and uFlex BoD

Synchronization over Packet NetworkA solution facilitating cost-efficient deployment of 4G

networks, and 5G networks moving forward

● E2E precise synchronization solution SyncRing

● Grand Master and Boundary Clock products

● Over 1800 units deployed in field since 2016

Revolutionary SDN PlatformGlobal Software Defined Networking Market is projected

to expand at a CAGR of 53.13% over the forecast period

to increase from US$3.270 billion in 2016 to US$42.157

billion in 2021

● At the forefront of SDN development: SOO SDN

controller launched in 2014 and POC completed in 2014

● Automated service provisioning and network operation

● Provisioning of pre-planned bandwidth on demand:

uFlex BoD – 2015

Virtual Broadband/Enterprise GatewayGlobal Residential Gateway market is forecasted to

grow at a CAGR of ~7.8% over the period 2014-2019. The

Virtual CPE market size is estimated to grow from USD

486.5 Million in 2016 to USD 2818.8 Million by 2021, at a

CAGR of 42.1% from 2016 to 2021.

● A new disruptive technology offering intelligence at

customer’s edge for service flexibility, high data rates

and improved quality of experience

● Good potential to become an integral part of Smart

City and IoT infrastructure

● Office-in-a-box, smart retail, smart shelf applications

Carrier Wi-FiThe global carrier Wi-Fi equipment market totaled $713

million in 2015, and is forecast to reach $1.5 billion in

2020. Global Wi-Fi hotspot market is poised to grow at a

CAGR of around 14.2% over the next decade to reach

approximately $5.1 billion by 2025

● Carrier-class Wireless Controllers and network

management. Outdoor and indoor Access Points.

● Value Added Services including location-based services,

O2O, big data etc.

● Large potential in India and other developing markets

Sources: Infonetics, SDNCentral, Plexxi,, TechNavio, Crehan Research Inc. and Lightspeed Venture Partners, Research and Markets, Dell'Oro Group

Product Portfolio

5

E2E solution for hyperconnected era

Broadband Access

CPE

Transport Network Network SyncBB Core Apps

AON/MPLS-TP MSANWLAN AC xPON

NG-PTN

NG CPE – VBGEnterprise MPLS-TP

CPE FTTx ONTCarrier-class

Wi-Fi AP

SyncRingBroadband Core:

Cloud control,

Signaling Gateway,

IMS

E2E service

orchestration and

automation based on

SDN

Virtual Broadband

Gateway: Intelligent

customer edge

Broadband access:

MSAN, xPON, Wi-Fi

SyncRing: Precise

synchronization over

packet network

4G/5G

NG-PTN: Metro

transport network with

centralized

intelligence

Service Providers

Cloud SPMSOISPOTT SPMNO

Users/Applications

Enterprise RuralUrbanWireless

4G/5G/Wi-FiSmart City

IOT

AP

I

API API

AP

I

SDN Controller

Automation

E2E

Orchestration

Dynamic

Services, BoD

Packet Optical Transport Product Portfolio

6

GE/1

0G

E E

co

syst

em

10

GE/1

00

GE E

co

syst

em

CoreAggregationAccessCPE

SDN/NFV

SOO Network

Netman OMC-O

NMS

TN703A64Gbps SW

GE/XGE

E1/STM-1

TN701B/703B10/6Gbps SW

GE SFP/RJ45/E1

Indoor/Outdoor

1U

TN765960Gbps SW

1/10/100GE

10G POS

9U 100G

TN703C6.4Gbps SW

FE/GE/E1

Indoor/Outdoor

TN703E44Gbps SW

FE/GE/XGE

E1/STM-1

TN701A4.4Gbps SW

GE SFP/FE RJ45

Indoor/Outdoor

1U

TN70588Gbps SW

2.5/10G POS

FE/GE/XGE

E1/STM-1

3U

TN735400Gbps SW

10GE/10G POS

FE/GE

E1/STM-1

TN725108Gbps SW

2.5/10G POS

FE/GE/XGE

E1/STM-1

TN725E176Gbps SW

FE/GE/XGE

E1/STM-1

7U

18U

7U

1U

NG-PTN

PTN

Network Intelligence

CPE/1U

TN705B40Gbps SW

GE/XGE

E1/STM-1

3U

TN725B80Gbps SW

GE/XGE

E1/STM-1

3U

SyncRing: Time, Phase and Frequency Synchronization

SyncRing: Synchronization Solution

● High-precision sync solution based on IEEE 1588v2 and

SyncE

● Accurate frequency, phase, and time synchronization

● Meets stringent requirements of LTE/LTE-A

● Integrated platform for sync and data traffic

● Great scalability

● Centralized NMS

SyncRing XBC510● Boundary Clock

● PTP + SyncE

Netman 6000 OMC-O● Centralized network

management

SyncRing XGM20● Grand Master

● PTP + SyncE

RAN

PTP BC

SyncE

RRH

Mobile Network

Core

XBC510

MRAU

eNBXBC510

PTP/SyncE/

Data

PTPBC

SyncE

M

SFP

SFPS

PTPBC

SyncE

XBC510

MPTP/SyncE/

Data

S

GM

GPS

S

eNBS

eNBS

PTP/SyncE

Metro Transport Network

TN765TN705E

TN765

NetRingSyncRing

RCC S S

XGM20

GM

XGM20

Carrier Wi-Fi Solution Portfolio

Location-Based Engine

HW-based AC

Cloud Marketing Platform

Customer Flow Analysis

Access Points Access Controller O2O/VAS Platform

Network Management

Cloud AC

Carrier AP

(Indoor)

Carrier AP

(Outdoor)

Transport AP

SOO Platform – Transport SDN

“SOO APP”: In-house/3rd party applications

● In house apps for customer/manager service

ordering, network design etc.

● Open & standard interface for 3rd party’s APPs

integration

“SOO Station”: SDN Controller

● Centralized SDN Controller

● Orchestration of abstracted underlying network

resources

● Automated service provisioning and network

operation

● Path computing and management

“SOO Device”: SDN-ized Network Devices

● Network elements controlled by SOO station

9

3rd Party

Apps

SDN Product Line: “SOO(Software Defined Open Packet Optical ) Network”

Outstanding Manufacturing &

Quality Assurance Capabilities

● Over 20 years manufacturing experience

● Focus on telecom equipment

● Comprehensive manufacturing capabilities:− From PCB Assembly To MEC Assembly To System Integration

− From NPI (New Products Introduction) To MP( Mass Production)

− SMT, THT (PTH), MEC Assembly, Micro BGA, CSP,0201

− BGA Rework and Re-Balling

● The highest quality standards, comprehensive

quality control − Comprehensive quality control process, certified by LRQA for ISO9001/14001, OHSAS 18001,QC080000

− Quality centric culture, implement “Kaizen” supervised by Japan customer and partner

− Field proven, hardware failure rate less than 0.05% per month

● Green, environment friendly, employee care

10

10

54

39

44

35

24

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26

2930

3332

28

31

3737

45

31

27

21

34

40

48

57

25

36

42

49

46

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45

38

3435

39

36384042

32

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47

56

32

39

36

10

13

10 9

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5

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3

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1413

8 8

46 7

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11111210

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1210 9

1412

1919

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1515

121213 141211

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CISCO故障件数 UTS故障件数 CISCO故障率 UTS故障率

1010

Multiple Customers Worldwide

including Tier-1 Carriers

Japan

● Softbank

● NEC

● SONET

India – ~ 35% broadband market share

● BNSL

● Bharti

● TATA

● Reliance

● MTNL

Latvia

● LMT

11

Taiwan

● Taiwan Chunghwa Telecom

● TW Mobile

Brazil

● NEC

USA

● In pursuit of US residential gateway

market

Positioning for Long Term Growth

Focused R&D investments

●Further invest in specific technical capabilities

●Attract targeted engineering talents by establishing a new R&D

Center in Chengdu, the technology capital of western China

Additional global opportunities in the 10G to 100G

transitions

●Early traction in Taiwan and Brazil

●U.S. rural broadband

New products for new market opportunities

●SkyFlux Intelligent Networking with source routing technology

●SyncRing (next generation for 5G) – Synchronization solutions

● IU+ Integrated Intelligent retail solutions

12

Area B, C,…

Area ASkyFlux

Intelligent Networking:Source Routing + SDN + 10/100GE

Enable

network programmability,

SDN-based automation, and high network scalability…

…while reducing complexity

Service

Orchestrator

Integrated Control and

Management Platform (SDN)

Network

Analytics

Programmable agile network

Seamless SDN integration

L2VPN/L3VPN services, 100GE support

Carrier-class feature set (<50ms protection, OAM, TE, QoS)

Reliable modular hardware platform

SkyFlux: SDN + Source Routing

Sync requirement:

±260ns

Sync requirement:

±1.5μs

Next gen SyncRing XGM● Improved accuracy

● Improved availability

● Auto-calibration

● Extended monitoring

BBU

T-BC

BBU

BBU

…

Fronthaul

T-GM

IP NetworkSyncE/PTP support

ePRTCT-GM

CO

GNSS Antenna

PRC

(Cs)

GNSS Antenna

T-BC

T-BCs

Core

T-BC

Macro BS

CRAN

4G 5G

4G/5G-ready

synchronization over packetSyncRing XGM

● Grand Master

SyncRing XBC510

● Boundary Clock/ Transparent Clock

Netman 6000

OMC-O

● Centralized network management

SyncRing – Synchronization Solution for 5G Era

New Integrated Smart Retail Solution

15

Big Data

AnalyticsOperator Center

3rd EPR

Retail Chain Store

Wi-Fi/4G

LTE/Ethernet

Open API

0

5000

10000

15000

20000

2017 2018 2019 2020 2021 2022

389 612 1204

4592

10971

18105

交易额（亿元）

Source: China Industrial information website

Total transactions, 100M RMB

China cashier-free retail

market analysis –

transactions per year

Quickly

growing

market

New Integrated Smart Retail

SolutionsSmart store

Smart

refrigeratorSmart shelf

IU+ Cloud

Internet

Smart City Market Opportunities

Smart City

● ICT – vital enabling element of

the Smart City concept

● Requires 100% broadband

penetration both fixed line

and wireless

● Assumes convergence of

Telecom and IT infrastructure:

− Internet access

− Broadband services

− Telecom services

− Data services

− Cloud services

− Security, VPN, Firewall

− Big data analytics

− IoT, M2M

16

Impact as related to UT business

● 100% broadband

Penetration

● 100% wireless

coverage (4/5G, Wi-

Fi)

● More traffic

● IoT, M2M

● IPv6

● Growing need for

wireless and wired

broadband

coverage

● Growing need for

NG-PTN metro

network

● Wide use of data

centers

● Need for efficient DC

Interconnect

● SDN Network

● SDN Experiences

can bring many

benefits

● Municipal

Management

system (MMS)

● High availability and

scalability NMS

* Source: IHS Carrier WiFi report 2016

** Source: Global Market Insights Inc., Report ID: GMI198, Wi-Fi Hotspot Market … 2016 – 2023

*** Source: Maravedis, Cisco VNI, 2016

Carrier Wi-Fi Market

Carrier Wi-Fi market

● Kept growing since 2007. The global carrier Wi-Fi equipment

market totaled $713 million in 2015, and is forecast to reach $1.5

billion in 2020.*

● Swift growth in number of Wi-Fi hotspots. Wi-Fi hotspot market

size was valued over USD 1.5 billion in 2015 and is likely to reach

around USD 3.5 billion by 2023, growing over 17%.*

● North America, particularly the U.S. Wi-Fi hotspot market size is

estimated to exhibit considerable growth over the forecast

period.** Asia Pacific Leads with 37 Percent Hotspots Worldwide

by 2020.***

● Growing perception of Carrier-grade Wi-Fi value. Carrier-grade

hotspot are going to overtake best effort by 2017-2018

Market Opportunity

● UTStarcom’s Carrier Wi-Fi solution offers

full solution for operators including

wireless access infrastructure and value-

added services platform for more

monetization opportunities. Target

market segments:

− Public hotspots

− Venues

− Education

− Transport

− Enterprise

● Priority markets: India, USA

Global Public Wi-Fi

Hotspots***

17

Non-GAAP Financial Overview

18

Revenue in $M Gross Margin Percentage

Operating Expenses in $M Net Income (Loss) in $M

25.722.3

20.0 16.4

27.5

22.5

31.5

26.0

0

5

10

15

20

25

30

35

2015

Q4

2016

Q1

2016

Q2

2016

Q3

2016

Q4

2017

Q1

2017

Q2

2017

Q3

31%27%

41%

24%

37%40%

28%

41%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

2015

Q4

2016

Q1

2016

Q2

2016

Q3

2016

Q4

2017

Q1

2017

Q2

2017

Q3

5.1

6.6 6.4

5.1

6.3

5.2

7.1 7.2

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

2015

Q4

2016

Q1

2016

Q2

2016

Q3

2016

Q4

2017

Q1

2017

Q2

2017

Q3

-21.2

0.3

5.5

-1.5 -1.7

6.2 2.5 2.5

-25.0

-20.0

-15.0

-10.0

-5.0

-

5.0

10.0

2015

Q4

2016

Q1

2016

Q2

2016

Q3

2016

Q4

2017

Q1

2017

Q2

2017

Q3

Investor Relations Contacts

For investor and media inquiries, please contact:

UTStarcom Holdings Corp.

Tel: +852-3951-9757

Fei Wang

Tel: +86 (571) 8192-8888

Email: fei.wang@utstar.com

Ralph Fong

Tel: +1 (415) 489-2195

Email: ralph@blueshirtgroup.com

19

Thank you!