Clearfield, Inc. · NASDAQ:CLFD
Clearfield — Merger or Acquisition (May 2022)
10 slides from Clearfield's merger presentation, May 17, 2022
Slide 1: Acquisition of Nestor Cables Oy Conference Call
Acquisition of Nestor Cables Oy Conference Call May 17, 202 2 NASDAQ: CLFD
Slide 2: Important Cautions Regarding Forward-Looking Statements
Important Cautions Regarding Forward - Looking Statements Forward - looking statements contained herein and in any related presentation are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estim
Slide 3: Who We Are
Who We Are Clearfield provides fiber protection, fiber management and fiber delivery solutions that enable rapid and cost - effective fiber - fed deployment throughout the broadband service provider space. NASDAQ:CLFD 3
Slide 4: Clearfield "Now of Age" Plan
Clearfield “Now of Age” Plan NASDAQ:CLFD 4 Augmenting Capacity for Ongoing Growth • Investing in products, manufacturing and supply chain to increase competitiveness and reduce costs • Building upon Domestic and Global partnerships for faster product innovation and cost reduction programs Accelerati
Slide 5: Overview on Nestor
Overview on Nestor NASDAQ:CLFD 5 • Nestor Cables was founded by cable technology professionals to preserve the Finnish tradition of producing high - quality fiber optic cables • Nestor is one of the leading developers and manufacturers of fiber optic cable solutions in Northern Europe • Nestor produ
Slide 6: Nestor at a Glance
NASDAQ:CLFD 6 • Founded in 2007 in Oulu, Finland • More than 100 employees • Customers in 50+ countries • Two production facilities • FY 2021 revenue of EUR €31.7 million (approximately $33 million) under Finnish Accounting Standards • Nestor will have enhanced capabilities to continue to meet its F
Slide 7: Transaction Details
Transaction Details NASDAQ:CLFD 7 • Transaction value with fees : $23 million • Funding Sources: Clearfield expects to fund the acquisition through its credit facility • Anticipated close: A few months, pending customary Finnish regulatory approvals • Acquisition is expected to be accretive to Clear
Slide 8: Strategic Rationale
Strategic Rationale NASDAQ:CLFD 8 • Allows Clearfield to vertically integrate the supply of FieldShield fiber optic cables to meet future customer demand • Enables Clearfield to leverage Nestor’s deep technical expertise to extend overall supply of FieldShield fiber into the North American market •
Slide 9: Q&A
Q&A NASDAQ:CLFD 9 Cheri Beranek PRESIDENT & CEO Dan Herzog CHIEF FINANCIAL OFFICER
Slide 10: Contact Us
NASDAQ:CLFD 10 Contact Us COMPANY CONTACT: Cheri Beranek President & CEO Clearfield, Inc. IR@seeclearfield.com INVESTOR RELATIONS: Matt Glover and Sophie Pearson Gateway Investor Relations (949) 574 - 3860 CLFD@gatewayir.com