Optical Cable Corporation · NASDAQ:OCC
Optical Cable — Shareholder Meeting (March 2023)
24 slides from Optical Cable's shareholder meeting presentation, Mar 29, 2023
Slide 1: Optical Cable Corporation Annual Meeting of Shareholders
OPTICAL CABLE CORPORATION ANNUAL MEETING OF SHAREHOLDERS March 28, 2023 Neil Wilkin, CEQ
Slide 2: Forward Looking Information
REPS ACCC FORWARD LOOKING INFORMATION This presentation may contain “forward looking statemerits” that involve risks and uncertainties. These statements reflect management's Current expectations about possible future events and performance. Such forward-looking information is subject to known and un
Slide 3: Agenda
AGENDA Focus on Execution: Fiscal Year 2022. Our Core Strengths Create Long-term Value. First Quarter of Fiscal Year 2023. Looking Forward. Q8A.
Slide 4: Focus on Execution: Fiscal Year 2022
Slide 5: Focus on Execution
-0CC Focus on Execution CQ) Successful Execution Reflected in Financial Performance in Fiscal Year 2022 Cl Net Sales and Results for operating activities significantly improved during EVERY quarter of fiscal year 2022, compared to the respective prior year periods
Slide 6: Strong Fourth Quarter
OCC Strong Fourth Quarter ) Strong Finish to Fiscal year 2022 with Results Delivered during Fourth Quarter Q Double-digit growth in Net Sales - $20.1 million, UP 26.3% CQ) Double-digit growth in Gross Profit - UP 31.0% CI Gross Profit Margin - 33.0% Cl SG&A Expenses - 25.9% of net sales Oi Net Incom
Slide 7: Consolidated Net Sales by Quarter
Consolidated Net Sales by Quarter FY 2020 through Q1 2023 (in thousands $) $20,000 $18,000 $16,000 $14,000 $10,000 Fiscal Quarters > 2020 = 2021 «2022 -m 2023
Slide 8: Successful Execution in Fiscal Year 2022
-0CC Successful Execution in Fiscal Year 2022 O Strong Sales Growth CI Net sales increased 16.8% to $69.1 million in fiscal 2022, compared to prior year
Slide 9: Successful Execution in Fiscal Year 2022
A , .0CC Successful Execution in Fiscal Year 2022 CI Increased Production, Improved Efficiencies and Strong Operating Leverage Q) Gross Profit Grew to $20.5 million - UP 26.0% Ci Gross Profit Margin increased to 29.7% during fiscal year 2022 with a Gross Profit Margin of 33.0% during the fourth quar
Slide 10: Successful Execution in Fiscal Year 2022
CCC Successful Execution in Fiscal Year 2022 C) Controlled Selling, General and Administrative Expenses Cd SG&A Expenses as percentage of Net Sales were 28.9% in Fiscal Year 2022 - Down from 30.8% in Fiscal Year 2021 C Fixed SG&A Expenses substantial - including public company costs CJ Benefitting f
Slide 11: OCC SG&A Expenses Dollars and % of Net Sales
$26,000 $25,000 $24,000 $23,000 $22,000 $21,000 $20,000 $19,000 $18,000 OCC SG&A Expenses Dollars (in 000s) and % of Net Sales (fiscal years 2019-2022) 2019 2020 —SG8A Dollars 2021 2022 —% of Net Sales 35.0% 33.0% 31.0% 29.0% 27.0% 25.0%
Slide 12: Our Core Strengths Create Long-term Value
. ———— OUR CORE STRENGTHS CREATE LONG-TERM VALUE.
Slide 13: OCC Core Strengths - Market Position
-0CC OCC CORE STRENGTHS - Market Position O) Enviable market positions (Brand recognition Loyalty of and our relationships with customers, decision makers and end-users across a broad range of targeted markets 3
Slide 14: OCC Core Strengths - Product Offerings
-0CC OCC CORE STRENGTHS - Product Offerings (Wide range of fiber optic and copper cabling and connectivity products and solutions (J Enable OCC to deliver products and solutions that meet our customers’ unique needs and that are well suited for the applications in our targeted markets CJ The range o
Slide 15: When Network Reliability Counts
4.0 WHEN NETWORK OCC RELIABILITY COUNTS... OF THE ICT REVOLUTION 4 THE ADVANCED LIGHTWEIGHT REEL STAND (aLRs) \ oa COPPER SOLUTIONS 5
Slide 16: OCC Core Strengths - Global Presence
-0CC OCC CORE STRENGTHS - Global Presence Q Broad and diverse geographic footprint ( OCC selling into approximately 50 countries every year 16
Slide 17: OCC Core Strengths - Experience
OCC OCC CORE STRENGTHS - Experience C Extensive industry experience and expertise (J OCC’s engineering, sales and business development teams well-respected for their product and application experience and expertise C1 Ability to create our portfolio of innovative, high performance products and assoc
Slide 18: Our Core Strengths Create Long-term Value
OUR CORE STRENGTHS CREATE LONG-TERM VALUE. 18
Slide 19: Strong Start: First Quarter 2023
STRONG START: FIRST QUARTER 2023
Slide 20: Strong Start to Fiscal Year 2023
OCC Strong Start to Fiscal Year 2023 Cd Strong Start to Fiscal year 2023 with Results Delivered during First Quarter OQ) Double-digit growth in Net Sales - $18.3 million, UP 26.6% CQ) Double-digit growth in Gross Profit - UP 61.2% Q) Gross Profit Margin - 35.7% Cl SG&A Expenses - 29.8% of net sales
Slide 21: Looking Forward
Slide 22: Looking Forward
A . LOOKING FORWARD OCC C\Continued focus on executing our strategy to meet demand and capture additional growth opportunities CO) Monitoring changing macroeconomic trends and believe we are prepared to make appropriate business adjustments as necessary CQ Well-positioned to capture growth opportuni
Slide 23: Questions & Answers
QUESTIONS & ANSWERS. j
Slide 24: Thank You!
.0CC OCC THANK YOU! Connections You Can Count On.™