Sysgration Ltd. · TPEX:5309
Sysgration — Q1 2022 Earnings Presentation
40 slides from Sysgration's earnings presentation, May 31, 2022
Slide 1: Sysgration Ltd. Investor Conference
系統電子營運說明會 Sysgration Ltd. (5309) 5/31/2022 Investor Relationship: Angel Dai sys5309@sysgration.com Sysgration Confidential 1 +886(2)2790-0088 http://www.sysgration.com 5/31/2022
Slide 2: Outline
01 經營策略方向與ESG進度 TF Hsieh 02 2022/Q1 營運績效摘要 TF Hsieh Outline 03 營運成長動力 Sam Lee 04 Q&A Sysgration Confidential 2 http://www.sysgration.com 5/31/2022
Slide 3: 經營策略方向與ESG進度
經營策略方向與 ESG進度 Sysgration Confidential 3 http://www.sysgration.com 5/31/2022
Slide 4: 企業核心價值 Core Values
企業核心價值 感 1 INTEGRITY 誠信 知 Exhibit Honesty and Ethicality at all time 感 CORE 2 PASSION 熱情 動 Fuels our work and guides what we do Core Values VALUES 感 Dedicated to the success of 3 COMMITMENT 合作 恩 our customers, employee and shareholders 感 4 INNOVATION 創新 性 That makes a difference Sysgration Confident
Slide 5: 營運方向與技術優勢
營運方向與技術優勢 車用工業電子應用 能源儲能管理應用 Automotive Solutions Power and Energy Management 電動車 Electric Vehicle 1 儲能系統 Energy Storage System Tire Pressure 1. TPMS CAGR >9% 2. EV CAGR >80% 3 1. ESS CAGR >45% Monitoring Systems 3. Bluetooth Patents 2. Global Power Shortage EV 3. Renewable Low Carbon Li-Ion Based En
Slide 6: 營運成長方向
營運成長方向 著重 高成長市場 開發 強調 國際一流客戶 創新和品質 Sysgration Confidential 6 http://www.sysgration.com 5/31/2022
Slide 7: 營運成長動力
營運成長動力 • 半導體工廠 • 社區 • 資料中心 TPMS ESS IPC • 車前 • 商用車 • 車後 • 工業車 • 車隊 • 強固平板 Sysgration Confidential 7 http://www.sysgration.com 5/31/2022
Slide 8: 系統電公司治理藍圖
系統電公司治理藍圖 2022 系統電ESG報告書 Q4 2021 評鑑結果列為 5% 評鑑結果列為 6~20% 2020 評鑑結果列為 66~80% 臺灣證券交易所公司治理評鑑 https://cgc.twse.com.tw/evaluationCorp/listCh Sysgration Confidential 8 http://www.sysgration.com 5/31/2022
Slide 9: 台灣成長最快公司
台灣成長最快公司 #42/#19 ◆ 天下雜誌 2022/5/18 兩千大企業調查 成長最快公司 ➢ #42 製造業 ➢ #19 電子製造業 https://campaign.cw.com.tw/cwpage/2022_2000-266#event Sysgration Confidential 9 http://www.sysgration.com 5/31/2022
Slide 10: 2022/Q1 營運績效摘要
2022/Q1 營運績效摘要 Sysgration Confidential 10 http://www.sysgration.com 5/31/2022
Slide 11: 2022 Q1 營運成果
2022 Q1 營運成果 2021 2022 YOY (新 台 幣 千 元 ) 第一季 第二季 第三季 第四季 第一季 項目 金額 % 金額 % 金額 % 金額 % 金額 % % 營業收入 490,457 100.0 590,482 100.0 678,466 100.0 695,273 100.0 759,414 100.0 54.8 營業成本 402,973 82.2 486,481 82.4 551,402 81.3 525,297 75.6 586,716 77.3 45.6 營業毛利 87,484 17.8 104,001 17.6 127,064 18.7 169,976 24.4
Slide 12: 營業收入 Historical High
營業收入 Historical High NT$ K YOY % 800,000 759,414 140.00 678,466 695,273 700,000 120.00 118.77 590,482 600,000 100.00 490,457 86.20 500,000 407,835 80.00 72.35 400,000 364,373 70.48 60.00 300,000 284,571 269,912 54.84 37.59 40.00 200,000 28.94 25.65 100,000 19.26 20.00 - 0.00 2020Q1 2020Q2 2020Q3 202
Slide 13: 營業毛利和毛利率
營業毛利和毛利率 NT$ K % 200,000 30.0 180,000 169,976 172,698 25.0 160,000 21.7 24.4 22.7 140,000 18.8 19.7 127,064 18.4 20.0 17.8 17.6 120,000 104,001 18.7 100,000 87,484 15.0 79,032 80,472 80,000 10.0 60,000 52,374 50,821 40,000 5.0 20,000 - - 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1
Slide 14: 研發費用
研發費用 NT$ K % 200,000 189,409 16.00% 14.91% 180,000 14.00% 160,627 160,000 155,444 12.11% 12.00% 140,000 128,953 10.00% 120,000 111,747 8.84% 100,000 7.72% 8.00% 80,000 7.35% 6.00% 5.45% 60,000 41,371 4.00% 40,000 2.00% 20,000 - 0.00% 2017 2018 2019 2020 2021 2022Q1 Sysgration Confidential 14 http://
Slide 15: 稅息折舊及攤銷前利潤 EBITDA
稅息折舊及攤銷前利潤 EBITDA NT$ K % 120,000 100,210 20.0% 100,000 13.2% 10.0% 80,000 7.0% 9.0% 69,217 10.0% 5.4% 60,894 4.0% 60,000 1.8% -5.0% 0.0% 40,000 -6.4% 34,551 31,774 20,000 14,664 -10.0% 7,435 0 -20.0% (20,000) (13,630) (18,185) (40,000) -30.0% 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4
Slide 16: 稅後淨利
稅後淨利 NT$ NT$ K K 80,000 73,464 60,000 45,106 40,000 33,845 20,000 9,717 6,679 0 (6,793) (20,000) (15,430) (40,000) (39,661) (36,431) (60,000) 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 Sysgration Confidential 16 http://www.sysgration.com 5/31/2022
Slide 17: 每股盈餘
每股盈餘 NT$ 0.60/ Share 0.50 0.48 0.40 0.29 0.30 0.22 0.20 0.10 0.06 0.04 0.00 (0.10) (0.04) (0.10) (0.20) (0.30) (0.26) (0.24) 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 Sysgration Confidential 17 http://www.sysgration.com 5/31/2022
Slide 18: 負債比
負債比 % 70.00% 58.44% 60.00% 51.06% 52.53% 50.00% 40.00% 35.53% 30.00% 2020/Oct. NT$500M Convertible Bond 20.00% 10.00% 0.00% 2019 2020 2021 2022Q1 Sysgration Confidential 18 http://www.sysgration.com 5/31/2022
Slide 19: 營運成長動力
營運成長動力 Sysgration Confidential 19 http://www.sysgration.com 5/31/2022
Slide 20: 系統電子綜觀
系統電子綜觀 1977 500+ 40+ 4 5309 Founded Worldwide Years Locations TW Stock Employees Design & Taiwan - Taipie/NanKang Publicly Trade Manufacturing China - Huizhou/ZhenJiang Capital: NT$1.5 B Service Experiences Market Value NT$6.5 B • Rear-Seat • BLE TPMS for OE • Sysgration • BLE TPMS ODM for • RF Dual
Slide 21: 經營市場與主要產品
經營市場與主要產品 車用電子 能源管理 Automotive Solutions Power and Energy Management Rugged Head-Mount Tire Pressure AR Device Li-Ion Battery Pack Wireless Camera Monitoring Systems for Semiconductor Fab Li-Ion Based Around-View System 80 Energy Storage Systems 40 Patents Patents Body Control Module Infotainment Sy
Slide 22: 系統電子胎壓偵測器高價值差異化創新
系統電子胎壓偵測器高價值差異化創新 WW 2nd WW 1st & #1 WW 1st Multi-Band Universal RF TPMS BLE TPMS Tri-Band TPMS Internal TPMS External TPMS Tire Mounted Sensor (TMS) Voice Display Voice Truck Trigger Tool Receiver Receiver Repeater for Truck Sysgration Confidential 22 http://www.sysgration.com 5/31/2022
Slide 23: 全球胎壓偵測器法規與需求
全球胎壓偵測器法規與需求 Country Car Sales Subtotal TPMS Legislation China 25,769,000 O USA 17,038,617 O Canada 1,928,468 O Germany 3,905,597 56,092,077 O Annual 300M Pcs OE Demands France 2,677,830 O plus 100M Aftermarket Demands UK 2,676,885 O Italy 2,095,680 O Japan 5,119,652 X India 3,464,125 11,247,347 X B
Slide 24: 全球電動車成長趨勢
全球電動車成長趨勢 Millions Global Passenger Car Sales EV % 90.0 100.0% Data Source: https://canalys.com/newsroom/canalys-global-electric-vehicle-sales-2020 80.0 90.0% 70.0 80.0% 70.0% 60.0 60.0% 50.0 50.0% 40.0 40.0% 30.0 30.0% 20.0 20.0% 10.0 10.0% - 0.0% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2
Slide 25: 儲能與智能電網之關聯
儲能與智能電網之關聯 賺錢很重要儲蓄理財更重要 既在乎天長地久 發電很重要儲能調度更重要 更在乎想要就有 太陽能發電 工廠 風力發電 水力發電 社區 智能電網 都會 電動車充電 核能發電 火力發電 Sysgration Confidential 25 http://www.sysgration.com 5/31/2022
Slide 26: 全球儲能市場成長趨勢
全球儲能市場成長趨勢 GWh 不斷電系統 250 UPS ESS 200 150 100 分散式儲能 Distributed 50 ESS 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Before Meter After Meter Industrial After Meter Residential 2020 2021 2025 2030 10GWh 25GWh 70GWh 200GWh 貨櫃式儲能 Source: Statista InfoLink Container ESS Sysgration Confidentia
Slide 27: 儲能市場區隔
儲能市場區隔 電網側 調頻服務 需量反映 削峰填谷 Before Meter AFC FRR Time Shift Grid Level 電 用電大戶 風/光儲能 網 工商錶後 不斷電 After Meter Load Management Wind/Solar 位 UPS 階 Industry Peak Shaving ESS 家用錶後 家用儲能 After Meter Residential Residential ESS 動力 混合 能量 電池性能 Power Type Hybrid Type Energy Type Battery Performance Sysgration Conf
Slide 28: 儲能產品
儲能產品 UPS 不斷電系統 • 停電時可立即供電5~30分鐘，避免設備造 成損害 • 適用於半導體廠 • 穩定電源供電 分散式儲能 100~200度電 • 提供十戶家庭二小時用電 • 取代柴油發電機, 緊急供電 • 無噪音,無空污,免保養,無須儲存柴油 • 夜間離峰充電, 舒緩用電 • 內建消防設備 貨櫃式儲能 500~3000度電 • 適用於大型案廠儲能二小時用電 • 提供消峰填谷、降低契約容量及節電等效益 • 新架構提供最低每度電使用成本 Sysgration Confidential 28 http://www.sysgration.com 5/31/2022
Slide 29: 工業車聯網應用
工業車聯網應用 車身控制器 強固車用電腦 Body Control Module(BCM) Rugged Vehicle Terminal Vehicle Gateway 海事 CAGR: 4.8% 建設機械 CAGR: 4.2% Marine Construction Equipment 無線車用鏡頭 強固平板 Vehicle Surveillance Mobile Device Terminal ADAS System 露營車 CAGR: 10.3% Recreation Vehicle 精準農業 CAGR: 13.1% 卡車/車隊管理 CAGR: 15% Agriculture Prec
Slide 30: 目標領域解決方案
目標領域解決方案 海事 Marine 露營車 Recreational Vehicles 建機 Construction 拖吊車 Vehicle Control System Trailor Sysgration Confidential 30 http://www.sysgration.com 5/31/2022
Slide 31: 技術與能力提升
技術與能力提升 商用車電腦 強固車用電腦 強固平板電腦 Powerful Qualcomm Processor with Industrial NXP Processor with Powerful NXP Processor with Android Android Android -20~70° Wide Temp -30~70° Wide Temp -20~60° Wide Temp 9~36V Wide Voltage with 9~36V Wide Voltage with Load Dump Full day Hot-Swappable Battery with Load Dump
Slide 32: 元宇宙趨勢商機
元宇宙趨勢商機 Millions 4.5 4 3.9 3.5 3 Remote Mentor 2.5 2.11 2 1.5 Document Navigation 0.96 1 0.5 0.41 0.17 0.25 0 2019 2020 2021 2022 2023 2024 IIoT Visualization Source: Statista 2021 Sysgration Confidential 32 http://www.sysgration.com 5/31/2022
Slide 33: 元宇宙應用和市場
元宇宙應用和市場 石化 物流倉儲 Petrochemical Logistic & Warehousing 遠程協作 Remote Assist 視覺檢貨 Vision Picking 醫療 能源 Medical Energy 擴增實境作業書 AR SOP 遠距醫療 Telehealth 電信業者 智慧製造 Telecom Smart Manufacturing Sysgration Confidential 33 http://www.sysgration.com 5/31/2022
Slide 34: 技術與研發能力
技術與研發能力 Product Rugged Vehicle Mobile Data Rugged Tablet Vehicle Body Vehicle Control Vehicle Surveillance Terminal (RVT) Terminal (MDT) Control Module Gateway System Core Vehicle Vehicle Power Sunlight CAN Vibration E-Mark ATEX Explosion Drop MIL-STD IP65/66/67 Competence Temperature Protection R
Slide 35: 強固型行動裝置技術門檻
強固型行動裝置技術門檻 How-swappable High- Industrial Barcode capacity Prismatic Reader Expansion Module Battery Double Injection Speaker Fiber Plastic Android 12 GMS USB3 Type C with Qualcomm SD6490 PD & USB 2.0 Rubber 5G & GNSS Module FHD/1,000nits Bumper NFC Sunlight Readable Wi-Fi 6E & BT 5.2 Magnesium all
Slide 36: 核心價值
核心價值 車用設計 Automotive Design 行動裝置設計 Mobile Design High quality design and Experienced 5G, Wi-Fi, BT & NFC manufacturing methodology baseband and RF design with PTCRB. following IATF-16949 & ISO26262 Low power and full-day battery design. Automotive Standard 核心 崁入設計 Embedded Design 強固設計 Rugged Design
Slide 37: 總結和期許
總結和期許 Sysgration Confidential 37 http://www.sysgration.com 5/31/2022
Slide 38: 系統電結論及展望
系統電結論及展望 ◆俄烏戰爭、台灣和大陸疫情爆發對營運無重大影響 ◆產業前景展望 客戶滿意 1. 電動車TPMS市場需求強勁 股東獲利 2. 半導體廠設備鋰鐵電池為綠能趨勢 3. 農耕機強固型工業電腦動能持續成長 創新科技 環保減碳 ◆產能持續擴充、營運獲利逐季增長 提昇生活 永續經營 ◆強化ESG公司治理、儲能碳中和政策 Sysgration integrates sustainability into business practices for human life enhancement, that will benefit profitability of the company.
Slide 39: Q&A
Q&A Sysgration Confidential 39 http://www.sysgration.com 5/31/2022
Slide 40: Thank You
Thank You Sysgration Confidential 40 http://www.sysgration.com 5/31/2022