Clearfield, Inc. · NASDAQ:CLFD
Clearfield — Q1 FY2015 Earnings Presentation
11 slides from Clearfield's earnings presentation, Jan 29, 2015
Slide 1: Fiscal Year 15 First Quarter Ended December 31, 2014
V7 CLEARFIELD Fiscal Year 15 First Quarter Ended December 31, 2014
Slide 2: Cheri Beranek, President and CEO
Cheri Beranek President and CEO This is Cheri Beranek, President and CEO for Clearfield. Welcome to the first quarter, fiscal year 2015 FieldReport and Clearfield Virtual Conference Call.
Slide 3: FY15 1st Quarter FieldReport
CLEARFIELD FY15 1% Quarter “FieldReport’ Forward-looking statements contained within this presentation are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Our statements are based upon the Company's current expectations and judgments about future development
Slide 4: Dan Herzog, Chief Financial Officer
Dan Herzog Chief Financial Officer We were pleased to meet our revenue plan for the quarter. As we indicated in our fiscal 2014 year-end FieldReport, we expect our fiscal 2015 revenue growth to be consistent with our 5-year compound annual growth rate of 17%, However, as indicated on that call, and
Slide 5: Broadbased Customer Growth
Broadbased Customer Growth 2008 | 2014 Outlook for FY15 Revenue $235 $58.0 Achieve our CAGR of approximately 17% Gross Profit 334% 42.4% Protect our world-class margins While revenues in the first quarter of fiscal 2014 were heavily dominated by sales of $7.8 million to a single customer, first quar
Slide 6: Gross Profit % Over Time FY12 through Q1 FY15
Gross Profit % Over Time 4 FY12 through Qt FY1S «\ / "oe V a 2 3 aw a 2 o ow a @ o ow a Increases in manufacturing management, facility and depreciation costs related to our expanded manufacturing capacity in the U.S. and Mexico increased cost of goods by $215,000 in fiscal 2015 Q1 in comparison to
Slide 7: Growth is on the Horizon
Growth is on the Horizon * Competitive factors to prevent churn + FCC regulations projected to favor pole access * Changes in USF to CAF favor build versus operate RVA uc Annual Change in North American FTTH ==" (Homes - Connected) - Actual (2001-2014) and Forecast (2015-2017) Our customers are faci
Slide 8: Our Product Arsenal: The Game Changers
Our Product Arsenal: The Game Changers ee: Clariew* Bie Cassete Hardened Pshate Connectors Enabling a Superior Fiber Management and OsiveryPatfoem Clearfield has historically enjoyed great success in retaining customer relationships due to not only our superior customer service but to the inherent s
Slide 9: Where Are We at in the Telecom FTTH Lifecycle?
Where Are We at in the Telecom FTTH Lifecycle? adoption of jovation ove tim > ~ In order for carriers to meet the ever-growing demands of businesses and individuals, fiber to the home and business is required. There are several reasons why we feel fiber is currently positioned to enter the strong gr
Slide 10: Clearfield is already positioned to meet the needs of entering this growth phase
Clearfield is already positioned to meet the needs of entering this growth phase. Earlier this month, we moved into our new corporate headquarters. We had a smooth transition from our former facility to our new 71,000 square foot space. This expansion joins the addition of our Mexican plant in late
Slide 11: FieldReport
\ CLEARFIELD “FieldReport” Thank you, Cheri. | wanted to pass along the activity on our first quarter stock repurchase program announced in November. As of December 31, 2014, Clearfield had repurchased 14,407 shares for approximately $170,000. We have approximately $7,830,000 remaining authorized fo