Adtran Holdings, Inc. · NASDAQ:ADTN
Adtran — Deutsches Eigenkapitalforum 2022
16 slides from Adtran's conference presentation, Nov 28, 2022
Slide 1: Adtran Holdings – Deutsches Eigenkapitalforum 2022
Adtran Holdings Deutsches Eigenkapitalforum 2022 November 28, 2022 2022 © ADTRAN, INC
Slide 2: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements This presentation contains forward-looking statements, generally identified by the use of words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” “may,” “could” and similar expressions, which forward-looking statements refle
Slide 3: Creating a leader in the converged edge
Creating a leader in the converged edge A leading global provider of cloud-managed fiber access solutions for residential and business connectivity Third largest 10G fiber access supplier globally, #2 in North America, fastest growing 10G supplier, largest U.S.-based supplier A leading global plat
Slide 4: Management board
Management board Tom Stanton Christoph Glingener Michael Foliano Jay Wilson Chairman & CEO CEO (ADVA) → CTO CFO CRO ◼ Joined ADVA Optical ◼ 38 years of experience in the ◼ Joined Adtran in 1998 and has ◼ Joined Adtran in 1995 as VP of Networking in April 2006 and information and communications held
Slide 5: Global presence
Global presence Americas: Canada United States (HQ Global) Brazil APAC: EMEA: Germany (HQ Europe) Japan England China Switzerland Hong Kong Poland Singapore Finland India Sweden Australia France Italy Israel South Africa 5 5 2022 © ADTRAN, INC Saudi Arabia
Slide 6: Market trends
Market trends Pandemic accelerates 5G, work from home Deglobalization and Open, disaggregated, digitalization and and streaming drive consolidation impacts sustainable and cloud- capacity demand multi-gigabit fiber vendor selection centric systems access Online meetings and Symmetric bandwidth Selec
Slide 7: A new approach to networks
A new approach to networks A portfolio supporting Open and AI-driven networking Scalable, secure, fiber everywhere disaggregated and assured multivendor systems connectivity Access, aggregation, Open optical line Application of AI to Service assurance, DCI, synchronization systems, disaggregated pla
Slide 8: Converged Edge
Converged Edge 8 2022 © ADTRAN, INC
Slide 9: Technology categories: Leader at the converged edge
Technology categories Combined company $1.3b* Access & aggregation Access & aggregation solutions: Network synchronization 25-30% of revenue Subscriber solutions Subscriber solutions & experience 35-40% of revenue Cloud access Optical networking solutions Traditional & Optical networks/ 35-40% of re
Slide 10: Expanded portfolio and presence
Expanded portfolio and presence Combined Complementary combined customer base APAC 5% APAC 7% Americas Americas 48% EMEA 73% 22% EMEA 45% ✓ Greater scale to increase presence in Tier-1 ✓ Combined offerings improve carriers APAC 9% Americas coverage and positioning in 28% the Americas and Europe ✓ In
Slide 11: Adtran's ESG Vision
Adtran’s ESG Vision www.adtran.com/esg 11 2022 © ADTRAN, INC
Slide 12: Scaled R&D with high growth and margin opportunities
Scaled R&D with high growth and margin opportunities In $m Intermediate term projection 5% CAGR+ Increased scale and Revenue ~$1.5+ overall competitiveness 1,277 1,100 1,125 R&D strength to best R&D ~$250M+ address all needs of the converged edge Potential for additional Rev. growth >5% $60M – $120M
Slide 13: Q3 non-GAAP financials including ADVA for the first time
Q3 non-GAAP financials including ADVA for the first time Y-o-Y Q-o-Q 340.7 138.1 172.0 Revenue + 147% + 98% Q3 2021 Q2 2022 Q3 2022 36.4% 38.1% Gross 34.6% Margins + 3.5PP + 1.7PP Q3 2021 Q2 2022 Q3 2022 109.0 OpEx 50.4 54.3 + 116% + 101% Q1 2021 Q2 2022 Q3 2022 20.9 Operating 8.4 + 893% + 149% prof
Slide 14: Q4-2022 Outlook
Q4-2022 Outlook Revenue $355 million - $375 million Non-GAAP 5.0% - 6.5% operating margin 14 14 2022 © ADTRAN, INC
Slide 15: Why Adtran?
Why Adtran? Leader in the Unprecedented Financial strength Strong converged edge market commitment to opportunity ESG Business combination Strong growth due to Significant cross-sell Strong commitment to creates a leading global unprecedented changes opportunities and corporate social platform to ad
Slide 16: 2022 © ADTRAN, INC
16 2022 © ADTRAN, INC