Cable One, Inc. · NYSE:CABO
Cable One — Investor Presentation (November 2020)
11 slides from Cable One's investor presentation, Nov 5, 2020
Slide 1: Investor Presentation November 2020
— Cable One” Investor Presentation November 2020
Slide 2: Disclaimer
Disclaimer Tis sesetaton has ben prepa by Cable One, Ine. (Cale One.‘ we" ete ‘Company. The inrron contained in thi pesetatio ifr rational purposes ony. The rman {otued the presentation sc seamen than poit dice and nat tended tobe vedas te ba for malaga estan econ. Ths preseraon hes been prepared wh
Slide 3: Disclaimer
Disclaimer Encept as cnervae exes rod al rman herein speaks enya of (1) he dte era, th ease of omation aba Cable One. e(2) he dt of schilomatn nthe cae remation fom persons ee than Ca One. Cale Oe undetahes ody to updteetense the oration come hae. pub e oberaseEstnates egrng dt insty and ed maa a Ba
Slide 4: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures “Te Company uses cetain measures tat not dele by general scepedaccoutig pncpls inthe Unted Sats (GAAP) to walt vaous aspect of ts business dusted EBITDA (abled Ad EEITDA’ mths presenaten). Adjusted ENTDA Margn lad “Adj EMTDA Marpr nh prestrain), Adsted EBITDA fss c
Slide 5: Cable One at a Glance
Cable One at a Glance Business Description Differentiated Strategy Integrated providerof high-speed data (HSD), video & voice services Pioneer of HSD-centricmodel > Presencein 21 Wester, Midwestern and Southem states + 78% of customers located in 7 states: AZ, ID, I, MS, MO, OK & TX se ch Wk ca ces
Slide 6: Cable One Financial Snapshot
Cable One Financial Snapshot Revenue (mm) Ad. EBITDA (Smm) $1,386 ar $1,168 $1072 2017 2018 2019 ustatve 2017 2018 2019 ustrative LOA 03 2020 L0R03 2020 %orown 17.2% 117% 90% 161% % growth 247% 120% 130% 220% Capex($mm) {Ad). EBITDA ~ Capex ($m) $399 $298 $262 $307 r $263 sini $218 a $264 2017 2018,
Slide 7: Mega Broadband Investments ("MBI") Transaction
Mega Broadband Investments (“MBI”) Transaction MBI overview MBI Financial and Operating Statistics) > Formedtivoogh a series of acquisitions unifled under he Ve Broadband brand $258mm 31% 4,100+ = SD Penetaton Fer te miles > Provides HSO,televsion and voice sens toresidental and business customers u
Slide 8: Other Strategic Transactions
Other Strategic Transactions > Contnbution of Cable One's Anniston, Alabama system to Hargray for a <20% minonty interest y BE HARGRAY ‘Amriston System had ~18k residential HSD customers and lustraive LQA G3 2020 revenue of $38mm as of September 30, 2020 > Leverages Hararay’s scale in a region where
Slide 9: Appendices
Appendices > Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA less Capital Expenditures; and Net Profit Margin to Adjusted EBITDA Margin > Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures Cable One” 8
Slide 10: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA less Capital Expenditures
Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA less Capital Expenditures; and Net Profit Margin to Adjusted EBITDA Margin (Smm) Revenue Net income $235, S165 S179 ‘Net profit margin 24.5% 154% 153% Interest expense a7 60 n Income tax provision (benef 45) 7 55 ‘Depreciation and a
Slide 11: Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures
Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures Year Ended December, (sn) 7a? note 208 Netcash provided by operating activites 324 ‘408 492 Copal expendtres (79) 210) 282) retest expense a eo n Amocizaion of debt issuance costs ® w © lncome ta