Cable One, Inc. · NYSE:CABO
Cable One — Investor Presentation (November 2019)
14 slides from Cable One's investor presentation, Nov 7, 2019
Slide 1: Investor Presentation November 2019
INVESTOR PRESENTATION CABLEQnE’ November 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Cable One, Inc. ("Cable One” “us” “our” "we" or he Company’). The information contained this presentation for informational purpeses ony. The formation contained in this presentation snot hvestment or Mancal product advice and nol mended fo be used a
Slide 3: Disclaimer (continued)
Disclaimer (continued) Except as oerwise express provided, all normation herein speaks only as of (1) the date neret, nthe case of information about Cable One, or (2) the date of such information, in the case of format trom persons otier than Cable One. Cable One undertakes no duty fo update or revi
Slide 4: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures ‘The Company uses certain measures that are not defined by eneraly accepted accounting prncples i the Unted States (GAAP to evaluate various aspects of ts business. Adusted EBITDA (abeled “Adj EBITDA in tis presentation), Adhsted EBITOA argh (abeled ‘Adj EBITDA Mar
Slide 5: Cable One Snapshot
CABLEQNE™ Fully Integrated Provider of Data, Video and Voice Services to Residential and Business Customers 21 States Rural communities in the ‘Midwestern, Southern & Western US. Differentiated Strategy Innovator HSD-centric model [QQ ‘21 compettive ura xa footprint Continuous operational improvemen
Slide 6: Cable One Financial Snapshot
Cable One Financial Snapshot Total Revenue (Smm) Adj EBITDA ($mm) and Adj EBITDA Margin | 2016 2017 2018 TMustative 2017 2018 ———lustative 2019 YTD. 2019 YTD Annualized ® Annualized Capex ($mm) ‘Adj EBITDA less Capex ($mm) | 2016 2017 2018 lMustrative 2016 20170) 2018 Mlustative 2019 YTD 2019 YTD. A
Slide 7: Fidelity Snapshot
fidelity Fully Integrated Provider of Data, Video and Voice Services to Residential and Business Customers 6 States Arkansas, tlinois, Louisiana, Missouri, ‘Oklahoma and Texas 68% of customers in 2 states: Missouri & Oklahoma © (<3) a $122M $47M_— 38% 190K 449 Revenue AGjEBTDA AGEBTDA ‘Assoriots. ‘S
Slide 8: Our Purpose
OUR PURPOSE We provide communities across America connectivity that enriches their world OUR PROMISE Connecting you to what matters at OUR VALUES Do right by those we serve Drive progress Lend a hand
Slide 9: Appendices
Appendices > Cable One Reconciliations of Net Income to Adjusted EBITDA and Adjusted EBITDA less Capital Expenditures; and Net Profit Margin to Adjusted EBITDA Margin >» Cable One Reconciliations of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures > Fidelity Rec
Slide 10: Cable One Reconciliations of Net Income and Expenditures
Cable One Reconciliations of Net Income to Adjusted EBITDA and Adjusted EBITDA less Capital Expenditures; and Net Profit Marginto Adjusted EBITDA Margin 29} 2019 YTD 2016 2017 @ 218 aa 10 | Annualized ® Revenue 7 ee ) 1 Net income $00 $25 S$ 5 StS 167 Net profit margin 12% 24% 15% 15% 15% Plus: Inte
Slide 11: Cable One Reconciliations of Net Cash Provided by Operating Activities
Cable One Reconciliations of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures ag} 2910 aoe _ 7 ze as TD | Annualized ® ‘Net cash provided by operating activities. $ a 3a 408 S$ B51 $ 447 Capital expenditures (131) (179) (218) (176) i (238) Interest expense 30 mu
Slide 12: Fidelity Reconciliation of Net Income and Expenditures
Fidelity Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA less Capital Expenditures; and Net Profit Marginto Adjusted EBITDA Margin BY YEAR ( ($mm) Mlustrative 2019 YTD ‘Annualized ® Revenue $ 122 Net income s 8 Net profit margin 15% Pius: lterest expense s 0 Depreciation and amor
Slide 13: Fidelity Reconciliation of Net Cash Provided by Operating Activities
Fidelity Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures Mlustrative 2019 YTD. Annualized @ ‘Net cash provided by operating activities s 7 Capital expenditures (265) Interest expense ° Changes in operating assets and liabilities 6 Change in de
Slide 14: Industry Acronyms
Industry Acronyms DIA — dedicated internet access EPON - ethernet passive optical network Gbps — gigabits per second HD DVR - high-definition digital video recorder HFC — hybrid fiber-coaxial HSD — high-speed data PRI — primary rate interface SIP — session initiation protocol VoIP — Voice over Inter