Clearfield, Inc. · NASDAQ:CLFD
Clearfield — Q3 2021 Earnings Presentation
20 slides from Clearfield's earnings presentation, Jul 22, 2021
Slide 1: Fiscal Q3 2021 Earnings Call
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD The Industry Leader in Craft Friendly Fiber Optic Management and Connectivity Solutions Fiscal Q3 2021 Earnings Call FieldReport
Slide 2: Important Cautions Regarding Forward-Looking Statements
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Important Cautions Regarding Forward - Looking Statements Forward - looking statements contained herein and in any related presentation or in the related Earnings Release are made pursuant to the safe harbor provisions of the Pri
Slide 3: Welcome
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Welcome Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 3
Slide 4: FY Q3 and YTD Highlights
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD FY 21 Q3 and YTD Highlights NASDAQ:CLFD 4 Third Quarter of Fiscal 2021: • Net sales of $38.7M, up 49% y/o/y • Gross profit up 59% to $17.1M (44.2% of net sales) • Net income of $6.1M or $0.44 per diluted share • Order backlog inc
Slide 5: FY Q3 & TTM Net Sales Comparison by Market
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD FY 21 Q3 & TTM Net Sales Comparison by Market NASDAQ:CLFD 5 All dollar figures in millions 1) Based on net sales of $122.8 million and Point of Sales (POS) reporting from distributors who resell our product line into these market
Slide 6: Financial Update
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Financial Update Dan Herzog CHIEF FINANCIAL OFFICER NASDAQ:CLFD 6
Slide 7: Quarterly Financial Performance
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Quarterly Financial Performance 7 NASDAQ:CLFD Note: Dollar figures in millions $26.0 $27.3 $27.1 $29.7 $38.7 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Net Sales +19% +14% +40% +45% +49% Year - over - Year Growth Rate
Slide 8: Quarterly Financial Performance
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Quarterly Financial Performance 8 NASDAQ:CLFD Note: Dollar figures in millions $26.0 $27.3 $27.1 $29.7 $38.7 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Net Sales +19% +14% +40% +45% +49% Year - over - Year Growth Rate $10.8 $11.2 $11.4 $12.9
Slide 9: Quarterly Financial Performance
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Quarterly Financial Performance 9 NASDAQ:CLFD Note: Dollar figures in millions $26.0 $27.3 $27.1 $29.7 $38.7 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Net Sales +19% +14% +40% +45% +49% Year - over - Year Growth Rate $10.8 $11.2 $11.4 $12.9
Slide 10: Quarterly Financial Performance
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Quarterly Financial Performance 10 NASDAQ:CLFD Note: Dollar figures in millions $26.0 $27.3 $27.1 $29.7 $38.7 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Net Sales +19% +14% +40% +45% +49% Year - over - Year Growth Rate $10.8 $11.2 $11.4 $12.9
Slide 11: COVID-Operational Update
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD COVID - 19 Operational Update • Critical manufacturer status • Operating at normal capacity and adhering to state and federal government social distancing guidelines • Enhanced safety measures for on - site production personnel •
Slide 12: Operational Update
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Operational Update Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 12
Slide 13: July 22, 2021
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD
Slide 14: Clearfield "Now of Age" Plan
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Clearfield "Now of Age" Plan NASDAQ:CLFD 14 A Augmenting Capacity for Ongoing Growth • Investing in products, manufacturing and supply chain to increase competitiveness and reduce costs • Building upon Asian partnerships for fast
Slide 15: Legislation Supporting Broadband – What's Known
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Legislation Supporting Broadband – What’s Known 15 Source: US Congress, Benton, JD Supra, Jeffries Research NASDAQ:CLFD
Slide 16: Financial Outlook
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD $73.9M $77.7M $85.0M $93.1M $130M - $135M 15 - 20% YoY Growth FY 2017 FY 2018 FY 2019 FY 2020 FY 2021E FY 2022E Financial Outlook 16 NASDAQ:CLFD FY 2021 guidance issued and effective as of July. 22, 2021; growth rate is based on
Slide 17: Key Takeaways
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Key Takeaways Proven business model and management execution Enhanced management team and expansion of total addressable market Strong competitive position in a rapidly growing multi - billion - dollar fiber - fed broadband indus
Slide 18: Q&A
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Q&A Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 18 Dan Herzog CHIEF FINANCIAL OFFICER
Slide 19: July 22, 2021
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD NASDAQ:CLFD 19
Slide 20: Contact Us
FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Contact Us NASDAQ:CLFD 20 COMPANY CONTACT: Cheri Beranek President & CEO Clearfield, Inc. IR@clfd.net INVESTOR RELATIONS: Matt Glover | Tom Colton | Sophie Pearson Gateway Investor Relations (949) 574 - 3860 CLFD@gatewayir.com