Cable One, Inc. · NYSE:CABO
Cable One — Investor Presentation (March 2019)
11 slides from Cable One's investor presentation, Mar 5, 2019
Slide 1: Investor Presentation
Investor Presentation CABLEOQ~_wiE’ March 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Cable One, Inc. (Cable ONE, us, our, we or the Company). The information contained in this presentation & for informational purposes only. The information contained in this presentation is not investment or financial product advice and is not intende
Slide 3: Use of Non-GAAP Financial Metrics
Use of Non-GAAP Financial Metrics The Company uses certain measures that are not defined by generally accepted accounting principles in the United States (GAAP) to evaluate various aspects of its business. Adusted EBITDA (labeled “Adj EBITDA” in this presentation), Adusted EBITDA Margin (labeled “Ad
Slide 4: Cable ONE Snapshot
CABLEOQn_E’ Fully Integrated Provider of Data, Video and Voice Services to Residential and Business Customers 21 States Rural communities in the Midwestern, Southem & Wester US. 78% of customers in 7 states AZ, 1D, IL, MS, MO, OK & TX Differentiated Strategy Cable ONE Snapshot Competitive Product Su
Slide 5: Cable ONE Financial Snapshot
Cable ONE Financial Snapshot Total Revenues ($M) Adj EBITDA and Adj EBITDA Margin (SM) 44% 46% AT% $1,072 ° son $960 t $443 Oo a Wl 5 UJ 2016 2017 2018 2016 2017 2018 Capex ($M) Adj EBITDA-Capex (SM) | $218 $179 $264 $283 5 5 LI 0 2016 2017 2018 2016 2017 2018 + 2018 and 2017 include 12 months and 8
Slide 6: Acquisition
Acquisition INDUSTRIES SERVED Strategic Rationale + Figures as of December 31, 2018 165K+ 450+ FIBER STRAND MILES FIBER-TO-THE-TOWER CONTRACTS 2,400+ FIBER ROUTE MILES REGIONALLY FOCUSED 1,400 20,000 10% SPANNING 27 COUNTIES | COMMERCIAL FIBER BUSINESSES COMMERCIAL IN SOUTHERN ILLINOIS CUSTOMERS PAS
Slide 7: Our Purpose
OUR PURPOSE We provide communities across America connectivity that enriches their world OUR PROMISE aay ahaa you to what x r t . at ia OUR VALUES Do right by those we serve Drive progress Lend a hand
Slide 8: Appendix
Appendix > Reconciliations of Net Income to Adjusted EBITDA, Adjusted EBITDA less Capital Expenditures and Capital Expenditures/Adjusted EBITDA; and Net Profit Margin to Adjusted EBITDA Margin by Year for 2016 — 2018 > Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDA le
Slide 9: Reconciliations of Net Income to Adjusted EBITDA, Capital Expenditures
Reconciliations of Net Income to Adjusted EBITDA, Adjusted EBITDA less Capital Expenditures and Capital Expenditures/Adjusted EBITDA; and Net Profit Margin to Adjusted EBITDA Margin BY YEAR"? ($M) 2016 20172 2018 Revenue $819 $960 $1,072 Net income $100 $235 $165, Net profit margin 12% 24% 15% Plus:
Slide 10: Reconciliation of Net Cash Provided by Operating Activities to Capital Expenditures
Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDA less Capital Expenditures 2016 20172 2018 Net cash provided by operating a 9257 $324 $408 Capital expenditures (131) (179) (218) Interest expense 30 a7 60 Amortization of debt issuance cost Q) @) @) Income tax provision (
Slide 11: Industry Acronyms
Industry Acronyms DIA — dedicated internet access EPON - ethernet passive optical network Gbps - gigabits per second HD DVR — high-definition digital video recorder HFC — hybrid fiber-coaxial HSD -— high-speed data PRI — primary rate interface SIP — session initiation protocol VoIP — Voice over Inte