Clearfield, Inc. · NASDAQ:CLFD
Clearfield — Investor Presentation (January 2018)
14 slides from Clearfield's investor presentation, January 2018
Slide 1: Industry Update: View of the WISP Market
Industry Update View of the WISP Market January, 2018
Slide 2: Who We Are
Who We Are • Clearfield is a leading provider of fiber optic management and connectivity solutions • Our patented technology significantly reduces the traditional costs associated with deploying, managing and scaling a fiber optic network • Our products connect homes and businesses in more than 500
Slide 3: Broadband Wireless Access: WISP Industry Update
Broadband Wireless Access WISP INDUSTRY UPDATE
Slide 4: Growth Drivers – Fixed Wireless
Growth Drivers – Fixed Wireless Standards-based Technology New Entrants Economics Low Deployment Valid Model Costs Consumer Demand Funding New Markets Environment IoT, Home Healthy Automation Broadband Wireless Access industry experiencing robust growth in the USA Spectrum Regulation
Slide 5: Fixed Wireless – Where Is It Deployed?
Fixed Wireless – Where Is It Deployed? Fixed Wireless Broadband Availability Whereas most wireless infrastructure today serves mobile consumers, BWA providers use wireless technology to serve customers in fixed locations such as residences, businesses, and community anchor institutions. Source: Broa
Slide 6: Typical Broadband Wireless Access Architecture
Typical Broadband Wireless Access Architecture Source: Broadband Wireless Access Industry Report 2017, The Carmel Group.
Slide 7: U.S. BWA Growth Forecast
U.S. BWA Growth Forecast U.S. BWA REVENUE REVIEW & U.S. BWA CUSTOMER GROWTH FORECAST 8.1 MILLIONS OF SUBSCRIBERS $5.2 6.9 $4.4 6.0 BILLION $ 5.2 $3.7 4.6 $3.1 4.0 $2.7 3.5 $2.3 3.1 $2.0 2.7 $1.8 2.3 $1.3 $1.5 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012 2013 2014 2015 2016 2017 2018 2019 2
Slide 8: U.S. BWA Average Monthly Billing
U.S. BWA Average Monthly Billing U.S. BWA AVERAGE MONTHLY BILLING Consumer savings from AVERAGE MONTHLY SERVICE FEE $56 $58 unbundling more than $55 $52 $51 $51 $51 $52 $53 offset small price increases $50 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Combination of existing services with ancill
Slide 9: Residential Consumer Broadband Comparisons
Residential Consumer Broadband Comparisons Fiber Cable Satellite Mobile BWA CAPEX/Sub 70 45 10.5 21 10 Relative to BWA(1) Speed(2) 1 Gbps 150 Mbps 12-35 Mbps 10-12 Mbps 100 Mbps Upgrade Costs MODEST HIGH LOW/HIGH HIGH MODEST Only the Complete Incremental Complete Incremental fiber CPE & upgrades dev
Slide 10: Fixed Wireless vs. Fiber
Fixed Wireless vs. Fiber • Fiber-to-the-Home (FTTH) – Tends to be fiercest rival – Previously deployed but unused fiber provides good throughput and is cost competitive to the consumer – Economics of new fiber tend to limit it to higher density markets and higher traffic tower links Source: Broadban
Slide 11: Why Fiber?
Why Fiber? 1St Wave 2nd Wave 3rd Wave Connecting to Building on top Internet of the Internet of the Internet Everything 1995 2000 2011 2020
Slide 12: Role of Fiber in Wireless?
Role of Fiber in Wireless? • Densification Requires Much More Fiber • To go from 3G to 4G requires 25X more fiber • 5G requires at least 16X more fiber 3G 4G 5G 1 site every 10 km 1 site every 2 km 1 site every 0.5 km Cell density is 1 cell / 100 sq km Cell density is 25 cells / 100 sq km Cell densi
Slide 13: WISP Survey Summary Results
WISP Survey Summary Results How important is fiber to expand What is biggest concern in running your business today? What is the biggest opportunity for our business today? service offerings? (1-5) Somewhat Important 12% Important Very Important 25% 63% While initial deployment costs are higher for
Slide 14: Thank You
a WE TURN YOUR BROWNFIELD GREEN THANK YOU