Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Investor Presentation (November 2024)
15 slides from Ceragon Networks's investor presentation, November 2024
Slide 1: The leading solutions provider of end-to-end wireless connectivity
Ceragon Networks Ltd Nasdaq: CRNT The leading solutions provider of end-to-end wireless connectivity Capitalizing on the 5G Revolution NOVEMBER 2024 Nasdaq: CRNT © C e r a g o n N e t w o rPk rs o Lptrdi e. tAalrl y r i&g hCtos nrfei ds e n r vt ei adl || 1 ‹#›
Slide 2: Disclaimer
Disclaimer This presentation contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such
Slide 3: Investment Highlights
Investment Highlights Profitable, growing & undervalued Truly global connectivity solutions provider ~2,200 customers in 130+ countries • Seven consecutive quarters of YoY revenue growth ▪ Q3’24 revenue up 17.7% YoY; YTD up 11.9% NORTH AMERICA INDIA ▪ Full-Year 2024 guidance of 12-15% growth • Rapid
Slide 4: Wireless Transport
Wireless Transport An increasingly important technology for an optimized network Global Wireless Transport Radio Unit Forecast Wireless Transport 2024 Vs. 2029 Applications • Low deployment cost • Rapid deployment • Wireless Transport delivers high bandwidth, carrier-grade network Government Sector
Slide 5: Continuous Innovation & In-house Chipset Development
Continuous Innovation & In-house Chipset Development Committed to our customers continued long-term success IP-50C, first Ceragon Ceragon NEPTUNE radio to Insight Acquires Based support 224 intelligence & Siklu IP-100E MHz channel bandwidth management JUPITER First Modem radio-aware DUAL CORE RFU-C
Slide 6: Comprehensive Solutions to Support All Use Cases
Comprehensive Solutions to Support All Use Cases Innovative The Fastest Way The Longest Haul Network to get ultra-high Capacity Technology The Widest Flexible Band Microwave Managed Services Backhaul Deep AI Open Network Insight Transport End-to-end Widest Private Network mmW Portfolio Offering Nasd
Slide 7: Market Dynamics
Market Dynamics CUSTOMERS Mainly Tier-1 Market is slightly growing $2.0B COMPETITORS Best-of-Breed High barriers to entry $1.5B TECHNOLOGY Bundled Deals High investment CHIP $3.5B Ceragon leads the Best-of-Breed market by units and MARKET keeps capturing share Nokia, Other, Many product 3% Increasin
Slide 8: Growth Catalysts
Growth Catalysts Network expansion, private networks driving growth for wireless transport solutions Global Private Networks Market Forecast Market shifts Verticals $11.2 $ Billions • Growing need for incremental capacity Energy Utilities $9.2 • Open networks Public Safety Smart City • Expertise sho
Slide 9: Ceragon Strategy
Ceragon Strategy New Customers New Opportunities Smaller Service Providers and Private Networks, where price pressure is lower, and margins are higher Revenues Private Network customers also look for end-to-end solutions – Ceragon offers it through its ecosystem and services capabilities Ceragon con
Slide 10: Leapfrogging The Industry … Again
Leapfrogging The Industry … Again Development of System-on-a-Chip platform creates multiyear advantage TODAY SHORT/MID-TERM EXPECTATIONS MID TO LONG-TERM • Market divided into Generalists • System-on-a-chip platform creates • Chip manufacturers & “Best of Breed” durable competitive advantage may cat
Slide 11: Growth & Margin Expansion
Growth & Margin Expansion 60% Quarterly revenue growth of 17.7% YoY $102.7 $100 $96.1 $90.4 50% $87.3 $88.5 $86.2 $83.4 $78.6 40% $80 $75.5 Q3 2024: $102.7 Million in Revenue; $70.3 $70.7 36.7% 35.5% 35.3% 34.9% 35.1% 35.2% 34.3% Ceragon Continues to Capture Market Share 33.1% 34.0% 30% 30.5% $ mill
Slide 12: Selected Financial Metrics
SELECTED FINANCIAL METRICS Positive Net Cash Position Q3 2024 Geographic Revenue Mix Balance Sheet ($ Millions) Capital Structure (9/30/24) Financial Shares Outstanding 86M Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 APAC Metrics Latin 6% Public Float* 65.2M America Cash(1) $34.0 $28.2 $28.8 $26.3 $34.0 7% North
Slide 13: Growth Outlook
Growth Outlook Full-Year Revenue 2024 Outlook • Revenue – $390-400M +12-15% YoY • Targeting Operating margin (Non-GAAP) of at least +18% YoY 10% at mid point of revenue guidance Long-Term Outlook In millions $500 • Revenue – Targeting $500M in 2026 $390- $347.2 400 • Targeting gross margins (Non-GAA
Slide 14: Investment Highlights
Investment Highlights Profitable, growing & undervalued Truly global connectivity solutions provider ~2,200 customers in 130+ countries • Seven consecutive quarters of YoY revenue growth ▪ Q3’24 revenue up 17.7% YoY; YTD up 11.9% NORTH AMERICA INDIA ▪ Full-Year 2024 guidance of 12-15% growth • Rapid
Slide 15: Thank You
THANK YOU DELIVERING CONNECTIVITY EVERYWHERE Nasdaq: CRNT 16
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