Clearfield, Inc. · NASDAQ:CLFD
Clearfield — Q2 2019 Earnings Presentation
21 slides from Clearfield's earnings presentation, Apr 29, 2019
Slide 1: Fiscal Q2 2019 Earnings Call
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD The Industry Leader in Craft Friendly Fiber Optic Management and Connectivity Solutions Fiscal Q2 2019 Earnings Call FieldReport
Slide 2: Important Cautions Regarding Forward-Looking Statements
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Important Cautions Regarding Forward - Looking Statements • Forward - looking statements contained herein and in any related presentation or in the related FieldReport are made pursuant to the safe harbor provisions of the Priva
Slide 3: Welcome
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Welcome Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 3
Slide 4: FQ2 2019 Review
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD FQ2 2019 Review NASDAQ:CLFD 4 • Revenue of $ 19.1 million, up 13% year - over - year • Experienced growth in all five markets , particularly in high - growth applications, such as wireless, business class services, and MDU deplo
Slide 5: Q2 Year-over-Year Revenue by Market
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Q2 Year - over - Year Revenue by Market NASDAQ:CLFD 5 1) Based on trailing twelve month revenue of $ 83.1 million and Point of Sales (POS) reporting from distributors who resell our product line into these markets. Trailing Twel
Slide 6: Financial Update
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Financial Update Dan Herzog CHIEF FINANCIAL OFFICER NASDAQ:CLFD 6
Slide 7: Quarterly Financial Performance
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Quarterly Financial Performance 7 NASDAQ:CLFD $16.8 $21.5 $22.5 $20.1 $19.1 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Revenue - 5% +10% +22% +19% + 13% Year - over - Year Growth Rate Note: Dollar figures in millions
Slide 8: Quarterly Financial Performance
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Quarterly Financial Performance 8 NASDAQ:CLFD $16.8 $21.5 $22.5 $20.1 $19.1 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Revenue - 5% +10% +22% +19% + 13% Year - over - Year Growth Rate $6.8 $8.5 $8.6 $7.9 $7.0 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Gr
Slide 9: Quarterly Financial Performance
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Quarterly Financial Performance 9 NASDAQ:CLFD $16.8 $21.5 $22.5 $20.1 $19.1 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Revenue - 5% +10% +22% +19% + 13% Year - over - Year Growth Rate $6.8 $8.5 $8.6 $7.9 $7.0 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Gr
Slide 10: Quarterly Financial Performance
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Quarterly Financial Performance 10 NASDAQ:CLFD $16.8 $21.5 $22.5 $20.1 $19.1 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Revenue - 5% +10% +22% +19% + 13% Year - over - Year Growth Rate $6.8 $8.5 $8.6 $7.9 $7.0 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 G
Slide 11: Strong Balance Sheet Supports Profitable Growth
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Strong Balance Sheet Supports Profitable Growth • Zero Debt • $12 million stock repurchase program in place ($5.4 million remains) NASDAQ:CLFD 11 $22.6M $33.1M $34.3M $44.2M $44.3M $35.5M $43.5M 2013 2014 2015 2016 2017 2018 Q2
Slide 12: Clearfield's 'Coming of Age' Plan
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Clearfield’s ‘Coming of Age’ Plan NASDAQ:CLFD 12 Expanding Core Community Broadband Business Attracting utilities, co - ops and CLECs as they enter underserved communities, and maintaining steady growth rate of 8 - 12% Enhancing
Slide 13: Recent 5G Industry Developments
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD NASDAQ:CLFD 13 Recent 5G Industry Developments Verizon announces official launch of 5G service, initially available in Minneapolis and Chicago Push More Spectrum into the Marketplace Update Infrastructure Policy Modernize Outdat
Slide 14: Fiscal 2019 Outlook & Guidance
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Fiscal 2019 Outlook & Guidance NASDAQ:CLFD 14 $83M - $87M REVENUE $60.3 $75.3 $73.9 $77.7 $83.1 $83 - $87 2015 2016 2017 2018 TTM 2019F Revenue Growth Outlook ($ in Millions) 37% - 38% GROSS MARGINS 31% - 33% OPERATING EXPENSES
Slide 15: Q&A
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Q&A Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 15 Dan Herzog CHIEF FINANCIAL OFFICER
Slide 16: April 25, 2019
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD 16 NASDAQ:CLFD
Slide 17: April 25, 2019
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD 17 NASDAQ:CLFD
Slide 18: April 25, 2019
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD 18 NASDAQ:CLFD
Slide 19: April 25, 2019
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD 19 NASDAQ:CLFD
Slide 20: Thank You
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Thank You Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 20
Slide 21: Contact Us
FieldReport / Fiscal Q2 2019 Earnings Call / April 25, 2019 NASDAQ:CLFD Contact Us NASDAQ:CLFD 21 COMPANY CONTACT: Cheri Beranek President & CEO Clearfield, Inc. IR@clfd.net INVESTOR RELATIONS: Matt Glover or Najim Mostamand, CFA Liolios Group, Inc. (949) 574 - 3860 CLFD@liolios.com