Clearfield, Inc. · NASDAQ:CLFD
Clearfield — Q2 2020 Earnings Presentation
20 slides from Clearfield's earnings presentation, Apr 23, 2020
Slide 1: Fiscal Q2 2020 Earnings Call
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD The Industry Leader in Craft Friendly Fiber Optic Management and Connectivity Solutions Fiscal Q2 2020 Earnings Call FieldReport
Slide 2: Important Cautions Regarding Forward-Looking Statements
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Important Cautions Regarding Forward - Looking Statements Forward - looking statements contained herein and in any related presentation or in the related FieldReport are made pursuant to the safe harbor provisions of the Private
Slide 3: Welcome
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Welcome Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 3
Slide 4: FQ2 2020 Highlights
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD FQ2 2020 Highlights NASDAQ:CLFD 4 • Revenue of $20.4M, up 7% over the prior year quarter • 66% growth in Tier 1 revenue over the prior year quarter, driven by strong market adoption of FieldShield and other fiber connectivity so
Slide 5: FQ2 & TTM Revenue Comparison by Market
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD FQ2 & TTM Revenue Comparison by Market NASDAQ:CLFD 5 1) Based on revenue of $85.6 million and Point of Sales (POS) reporting from distributors who resell our product line into these markets. TTM Revenue Composition Ended 3/31/20
Slide 6: Financial Update
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Financial Update Dan Herzog CHIEF FINANCIAL OFFICER NASDAQ:CLFD 6
Slide 7: Quarterly Financial Performance
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Quarterly Financial Performance 7 NASDAQ:CLFD Note: Dollar figures in millions $19.1 $21.9 $24.0 $19.4 $20.4 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Revenue +13% +2% +7% - 4% +7% Year - over - Year Growth Rate
Slide 8: Quarterly Financial Performance
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Quarterly Financial Performance 8 NASDAQ:CLFD Note: Dollar figures in millions $19.1 $21.9 $24.0 $19.4 $20.4 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Revenue +13% +2% +7% - 4% +7% Year - over - Year Growth Rate $7.0 $8.4 $9.3 $7.7 $8.2 Q2-
Slide 9: Quarterly Financial Performance
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Quarterly Financial Performance 9 NASDAQ:CLFD Note: Dollar figures in millions $19.1 $21.9 $24.0 $19.4 $20.4 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Revenue +13% +2% +7% - 4% +7% Year - over - Year Growth Rate $7.0 $8.4 $9.3 $7.7 $8.2 Q2-
Slide 10: Quarterly Financial Performance
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Quarterly Financial Performance 10 NASDAQ:CLFD Note: Dollar figures in millions $19.1 $21.9 $24.0 $19.4 $20.4 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Revenue +13% +2% +7% - 4% +7% Year - over - Year Growth Rate $7.0 $8.4 $9.3 $7.7 $8.2 Q2
Slide 11: Strong Balance Sheet Supports Profitable Growth
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Strong Balance Sheet Supports Profitable Growth • $48.4 million in cash and cash investment balances NASDAQ:CLFD 11 $ in Millions Cash and Investment Balances $34.3 $44.2 $44.3 $35.5 $47.5 2015 2016 2017 2018 2019 Q2-20 $48.4 TK
Slide 12: Clearfield's 'Coming of Age' Plan
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Clearfield’s ‘Coming of Age’ Plan NASDAQ:CLFD 12 Expanding Core Community Broadband Business Attracting utilities, co - ops and CLECs as they enter underserved communities, maintaining a steady growth rate
Slide 13: Clearfield's 'Coming of Age' Plan
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Clearfield’s ‘Coming of Age’ Plan NASDAQ:CLFD 13 Expanding Core Community Broadband Business Attracting utilities, co - ops and CLECs as they enter underserved communities, maintaining a steady growth rate Enhancing Competitive
Slide 14: Clearfield's 'Coming of Age' Plan
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Clearfield’s ‘Coming of Age’ Plan NASDAQ:CLFD 14 Expanding Core Community Broadband Business Attracting utilities, co - ops and CLECs as they enter underserved communities, maintaining a steady growth rate Enhancing Competitive
Slide 15: Operational Response to COVID
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Operational Response to COVID - 19 NASDAQ:CLFD 15 Assigned Critical Manufacturer Status Will remain open per the “Guidance on the Essential Critical Infrastructure Workforce” published by the U.S. Department of Homeland Security
Slide 16: Key Takeaways
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Key Takeaways Proven business model and management execution Enhanced management team and expansion of total addressable market Strong competitive position in a rapidly growing multi - billion - dollar fiber optics industry, esp
Slide 17: Q&A
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Q&A Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 17 Dan Herzog CHIEF FINANCIAL OFFICER
Slide 18: April 23, 2020
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD 18 NASDAQ:CLFD
Slide 19: Thank You
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Thank You Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 19
Slide 20: Contact Us
FieldReport / Fiscal Q2 2020 Earnings Call / April 23, 2020 NASDAQ:CLFD Contact Us NASDAQ:CLFD 20 COMPANY CONTACT: Cheri Beranek President & CEO Clearfield, Inc. IR@clfd.net INVESTOR RELATIONS: Matt Glover and Tom Colton Gateway Investor Relations (949) 574 - 3860 CLFD@gatewayir.com