Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Investor Presentation (August 2024)
15 slides from Ceragon Networks's investor presentation, August 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 AUGUST 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 • Six consecutive quarters of YoY revenue growth ▪ Q2’24 revenue up 11.5% YoY; YTD up 8.9% NORTH AMERICA INDIA ▪ Full-Year 2024 guidance of 11-17% growth • Rapid Gr
Slide 4: Wireless Transport
Wireless Transport An increasingly important technology for an optimized network Global Wireless Transport Radio Unit Forecast Wireless Transport 2023 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 NEPTUNE Committed to our customers continued long-term success IP-50C, first Ceragon Ceragon Chipset radio to Insight Acquires QUAD CORE support 224 intelligence & Siklu 4GHz MHz channel bandwidth management CHANNELS JUPITER First Modem radio-awar
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 $2.1B COMPETITORS Best-of-Breed High barriers to entry $1.7B TECHNOLOGY Bundled Deals High investment $3.8B CHIP Ceragon leads the Best-of-Breed market by units and MARKET Single-Digit keeps capturing share Growth in 2023 14% Many pr
Slide 8: Growth Catalysts
Growth Catalysts Growing demand & increasing diversity, driving growth for wireless transport solutions 5G Buildout & 4G Expansion Rural Broadband (USA) Market shifts $ Billions in FY23 connectivity funding Projected to be spent over the next five years • Growing need for incremental The Great 5G Sh
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: System-on-a-Chip
Leapfrogging The Industry … Again Development of System-on-a-Chip platform creates multiyear advantage TODAY SHORT TO MID-TERM MID TO LONG-TERM • Market divided into Generalists • System-on-a-chip platform creates • Chip manufacturers & “Best of Breed” durable competitive advantage may catch up • Ce
Slide 11: Growth & Margin Expansion
Growth & Margin Expansion $100 $96.1 60% Quarterly revenue growth of 11.5% $90.4 $88.5 $90 $86.2 $87.3 $83.4 50% $78.6 $80 $76.1 $77.8 $75.5 $70.3 $70.7 40% $68.6 Q2 2024: $96.1 Million in Revenue; $70 36.7% 35.5% 35.3% 34.9% 35.1% 35.2% Customer Demand Continues to be Solid 33.1% 34.0% 30% $60 31.5
Slide 12: Selected Financial Metrics
SELECTED FINANCIAL METRICS Q2 2024 Geographic Revenue Mix Balance Sheet ($ Millions) Capital Structure (6/30/24) APAC Financial Shares Outstanding 85.9M Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 9% Metrics North America Public Float* 65.5M Latin America 24% Cash(1) $24.5 $34.0 $28.2 $28.8 $26.3 10% Institutiona
Slide 13: Growth Outlook
Growth Outlook Full-Year Revenue 2024 Outlook • Revenue – $385-405M +11-17% 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 $385- $347.2 405 • 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 • Six consecutive quarters of YoY revenue growth ▪ Q2’24 revenue up 11.5% YoY; YTD up 8.9% NORTH AMERICA INDIA ▪ Full-Year 2024 guidance of 11-17% growth • Rapid Gr
Slide 15: Thank You
THANK YOU DELIVERING CONNECTIVITY EVERYWHERE Nasdaq: CRNT 15
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