Gcs Holdings, Inc. · TPEX:4991
Gcs — Q4 2022 Earnings Presentation
20 slides from Gcs's earnings presentation, Feb 20, 2023
Slide 1: Q4 2022 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q4 2022 Quarterly Online Investor Conference (線上法說會) Feb 20, 2023
Slide 2: Disclaimer Statement
Disclaimer Statement This presentation includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that GCS Holdings, Inc. expects or anticipates will or may occur in the future (including but not limited to projecti
Slide 3: Agenda
Agenda Opening: Brian Ann, CEO & President Financial Section: Kelly Lin, Special Assistant to CEO Participant: Simon Yu, Senior VP and Spokesperson Q&A: All 2
Slide 4: Financial Section
FINANCIAL SECTION 3
Slide 5: Statements of Comprehensive Income - QoQ
Statements of Comprehensive Income - QoQ (in NT$ thousands except EPS) 4Q22 4Q22 4Q22 3Q22 4Q21 Over Over 3Q22 4Q21 Net Operating Revenue 354,467 342,099 308,643 3.6% 14.8% Gross Profit 47,654 78,551 66,373 -39.3% -28.2% Gross Margin 13.4% 23.0% 21.5% Operating Expenses (124,187) (115,673) (77,645)
Slide 6: Revenue Mix % vs Gross Margin - QoQ
Revenue Mix % vs Gross Margin - QoQ 5
Slide 7: KGD Revenue Mix - QoQ
90% 80% 70% 60% 50% 40% 30% 20% 10% 0% KGD Revenue Mix - QoQ 87% 64% 31% 10% % % Qi Q2 2021 2021 KGD Revenue Analysis-By Application 88% 84% 85% 76% 78% 65% 32% 20% 19% 4% 11% 11% 7% 9% % % % Q3 Q4 Qi Q2 Q3 a4 2021 2021 2022 2022 2022 2022 @DC/AOC PON BLTE/Ethernet & Other
Slide 8: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 4Q22 4Q22 4Q22 3Q22 4Q21 Over Over 3Q22 4Q21 Other Income - other 1,355 1,233 181 9.9% 648.6% Other Gains and Losses Net currency exchange gain or (loss) 4,032 (11,042) 3,611 -136.5% 11.7% Gain on disposal of property,plant and equipment 1,67
Slide 9: Statements of Comprehensive Income - YoY
Statements of Comprehensive Income - YoY (in NT$ thousands except EPS) 2022 % 2021 % Change (%) Net Operating Revenue 1,333,810 100.0% 1,235,881 100.0% 7.9% Operating Cost (1,018,881) -76.4% (890,824) -72.1% 14.4% Gross Profit 314,929 23.6% 345,057 27.9% -8.7% Operating Expenses (452,262) -33.9% (37
Slide 10: Non-operating Income and Expenses - YoY
Non-operating Income and Expenses- YoY (in NT$ thousands) 2022 2021 Change (%) Other Income 4,026 5,532 -27.2% Other Income - Income from forgiveness of PPP loan 5,408 87,633 -93.8% Other Gains and Losses Net currency exchange gain or (loss) (29,124) 1,853 -1671.7% Gain on disposal of property, plan
Slide 11: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices Selected Items from Balance Sheet (in NT$ thousands) 4Q22 3Q22 4Q21 Amount % Amount % Amount % Cash and Cash Equivalent 442,196 10% 824,740 17% 1,839,765 37% Accounts Receivable 199,516 4% 237,183 5% 155,873 3% Accounts Receivable - Related Party 2,958 0% 9,900
Slide 12: Cash Flows
Cash Flows (in NT$ thousands) 4Q22 3Q22 4Q21 Beginning Balance 824,740 864,552 909,407 Cash from Operating Activities (11,954) 7,536 73,215 Acquisition of investments accounted for under the equity method (351,191) - (56,065) Acquisition of property, plant and equipment (6,179) (109,337) (35,909) Pr
Slide 13: Market Update
Market Update 12
Slide 14: Compound Semiconductors Opportunities
Compound Semiconductors Opportunities RF POWER * * * 5G+6G 5G+6G Emerging wearables? * PHOTONICS LIGHTING & DISPLAY Feb 20, 2023 GCS Proprietary Source: Yole 2021/GCS 13
Slide 15: RF Market
RF Market Global RF Front-end Module Market US$ 17.4 billions – 2021 (IMARC Group) US$ 36.8 billions – 2027 CAGR – 14.7% (2022-2027) China – Cell phone – down 14% in 2022 HE 5G stalled, LE 5G continues Going after 6G ROW – HE 5G continues but small volume Simon says: “Whether you like it or not, Reg
Slide 16: 5G vs 6G
5G vs 6G Feb 20, 2023 GCS Proprietary 15
Slide 17: BAW Filter
BAW Filter Feb 20, 2023 GCS Proprietary 16
Slide 18: Datacom/Telecom Market
Datacom/Telecom Market Global PON equipment market: 2020 - $13.1 billion, 2027 - $45.9 billion (CAGR 19.6%) Feb 20, 2023 GCS Proprietary 17
Slide 19: Q&A
Qk&A 18
Slide 20: For further inquiry
環宇 系天下 For further inquiry investors@gcsincorp.com 19