Anterix Inc. · NASDAQ:ATEX
Anterix — Investor Presentation (May 2019)
15 slides from Anterix's investor presentation, May 2019
Slide 1: Company Overview
Company Overview May 2019 [email protected]
Slide 2: Safe Harbor Statement
Safe Harbor Statement Any statements contained in these slides that do not describe historical facts are forward-looking statements as defined under the Federal securities laws. These forward-looking statements include, but are not limited to, statements regarding: (i) the Federal Communications Com
Slide 3: About Us
About Us Anterix is the largest holder of nationwide 900MHz spectrum and is focused on enabling the deployment of next generation private broadband networks, technologies and solutions for critical infrastructure and enterprise customers. Fast Facts: • Founded: 2004 • Total Employees: 50+ • Headquar
Slide 4: Increasing Need for Private LTE
Increasing Need for Private LTE Distribution Gas Mobile Distributed Drone Substations Operations Workforce Generation Control • RTU’s • Pipeline RTU’s • Data Terminals • Renewable Energy Resources • Microgrids • Distributed Storage Transmission Distribution PoleTop Location Automation Automation Sen
Slide 5: Two-Pronged Approach
Two-Pronged Approach Our “Go to Market” strategy utilizes both Bottom-Up and Top-Down approaches Bottom-Up Top-Down Identifying Demand through Account Management Driving Utility Industry Regulators to Support Our Initiative TWO-PRONGED APPROACH Drive Industry Adoption 4
Slide 6: The Nationwide 900 MHz Licensing Landscape
The Nationwide 900 MHz Licensing Landscape* **Based on calculated MHz-Pops from currently available FCC ULS license data, 2010 US Census data, and Anterix analysis. Anterix ownership varies by market. CII – Critical Infrastructure Industry CII THE FUTURE: Anterix will modernize a portion 13% of the
Slide 7: Enhancing Our Spectrum Value
Enhancing Our Spectrum Value The 900 MHz band is a contiguous 5x5 MHz block of spectrum separated into 40 interleaved blocks. 896.0 897.5 900.5 901.0 A B C D E F G H I J K L M N O P Q R S T Current Narrowband PCS Narrowband Narrowband 47 CFR Part 27.5 Broadband 3 MHz MAS 6 MHz – County 1 MHz 120 CH-
Slide 8: Low Band Spectrum Advantages
Low Band Spectrum Advantages Distance (radius) Geographic Coverage (area) 900 MHz 900 MHz 2.5x 5x 2.x GHz 2.x GHz 1x 1x 7
Slide 9: Lower Total Cost of Ownership
Lower Total Cost of Ownership Mobile P‐LTE Network (67 vs. 333 sites) Relative 10‐Year Capex & Opex of Low Band vs. Mid Band Capex ($200K per site) 10‐yr Opex ($4,000 per site/mo) 100% 71% 5x Higher OPEX 20% 14% 29% 6% 900 MHz 2.x GHz 8
Slide 10: Spectrum Comparables
Spectrum Comparables Implied Nationwide 6 MHz Valuation4 $1.8B $2.9B $5.2B $3.00 $2.00 $2.69 $1.00 $1.50 $0.93 $0.00 1 600 MHz Incentive Auction JP Morgan AWS‐3 2 3 Research 2019 Auction 1 $/MHz Pop value is the national average of FCC auction 1002 covering all geographies and licenses in the auctio
Slide 11: Contracted Revenue Projection
Contracted Revenue* Projection Annual Run Rate Additional $500M Opportunities Increased Utility Adoption Penetration into $250M Other Vertical Markets $150M $125M Network of Networks and Other Services Other Spectrum Year 5 Year 10 Opportunities (FY2024) (FY2029) *Contracted Revenue is the full valu
Slide 12: Financial Snapshot
Financial FinancialSnapshot Snapshot Balance sheet ($ millions) Balance sheet As of March ($ millions) 31, 2019 As of March 31, 2019 Cash $76.7 Cash $76.7 Intangible Assets 107.5 Intangible Assets 107.5 Accounts Payable and Accrued Expenses 5.1 Accounts Payable and Accrued Expenses 5.1 Noncurrent De
Slide 13: Milestones
Milestones Jun. 2014 Aug. 2017 Private Placement Jun. NOI issued by FCC raising approx. 2015 addressing use of 900MHz LMR band, Nov. 2018 $219M in gross Follow-on FCC approves proceeds Nov. 2014 offering of including issues raised in our Joint experimental license Together with approx. $69M in Petit
Slide 14: Experienced Management Team
Experienced Management Team Combining 40+ years of related industry experience Morgan O’Brien Brian D. McAuley Chief Executive Officer Chairman Brings 40+ years of extensive experience in the 40+ years of experience in executive leadership, start- telecommunications industry; co-founded and served a
Slide 15: Board of Directors
Board of Directors Paul Saleh T. Clark Akers Mark Hennessy Executive Vice President and Managing Director, SBIC Funds 34‐year career at IBM holding Chief Financial Officer of Placement Division executive management and DXC Technology (NYSE: DXC) at FBR & Co. leadership positions Rachelle B. Chong, J