Aspeed Technology, Inc. · TPEX:5274

Aspeed Technology — Q4 2023 Earnings Presentation

35 slides from Aspeed Technology's earnings presentation, 2023

  1. Slide 1: 信驊科技公司簡介 Q4, 2023

    信驊科技公司簡介 Q4, 2023 © ASPEED Technology. Proprietary and Confidential

  2. Slide 2: Safer Harbor Notice

    投資安全聲明 信驊科技所提供之資訊 (除歷史資訊外)屬預測性陳述，受到各種風險及不確定性因素影響，可能造成實 際結果與陳述內容發生顯著不符，這些不確定性因素包括: 受到競爭性產品及定價之影響、設計是否及 時被客戶接受、新技術是否及時導入利用、新產品大量量產之能力、產業及市場對產品之供給及需求移 轉、產業及市場是否供給過剩、製造產能可得利用情況、終端市場之財務穩定性、人才留任困難之可能 性、無法預期之成本和費用、任何併購相關之不確定性，如主管機關核准之取得 或整合延遲、重要客 戶之流失、法律或行政訴訟之涉及、可能會影響營運之新法規、外匯匯率之波動、全球經濟因素或非經 濟因素之影響及其他風險因素等

  3. Slide 3: 關於信驊科技

    關於信驊科技 • Founded in 2004 • Fabless‐lite IC design company • Number of employees: 125 (as of Nov. 2023) • Locations: ‐ Headquarters: Hsinchu City, Taiwan ‐ US office: San Jose, CA • Product lineup: ‐ Cloud & Enterprise (BMC/BIC/PFR) ‐ Smart AV (Cupola360 & AVoIP SoC) © ASPEED Technology. Proprietary

  4. Slide 4: 願景與理念

    願景與理念 Vision Leading SoC system solution provider Mission Philosophy Enable people to Innovation enjoy technology without at its finest Boundaries © ASPEED Technology. Proprietary and Confidential

  5. Slide 5: 營運團隊

    營運團隊 Chairman & President Chris Lin VP of Sales COO VP of R&D US Country Head Luke Chen CJ Hsieh Hungju Huang Dwarka Partani © ASPEED Technology. Proprietary and Confidential

  6. Slide 6: 重大里程碑

    重大里程碑 ASPEED founded • ISO 9001:2000 certified • Listed on the Taiwan OTC • Joined Open Compute Project (OPC) stock market • Introduced new product line: • Introduced 2nd gen BMC SoC AST2100/2050/1100 • Listed on Taipei Exchange Cupola360 Spherical Image Processor • Introduced 3rd gen BMC • Introduc

  7. Slide 7: 獲獎及榮譽

    獲獎及榮譽 2014 ‐ 2023 2020 2021 2022 2023 Forbes Asia’s Best Lenovo Technology Chairman & President COO Mr. CJ Hsieh Chairman & President Under A Billion Innovation Award Mr. Chris Lin received received SEMI Industry Mr. Chris Lin received for 10 consecutive years Outstanding ICT Elite Contribution Awar

  8. Slide 8: 營運亮點

    營運亮點 2022 Market Cap BMC SoC 10Y CAGR (NTD) (2013‐2022) Market Share 63.7 27.4% World’s Billion No.1 © ASPEED Technology. Proprietary and Confidential

  9. Slide 9: 企業韌性

    企業韌性 Achieved record revenue and “Forbes Asia’s Best Under A Billion” profit since founding for 10 consecutive years for 18 consecutive years Forbes Asia © ASPEED Technology. Proprietary and Confidential

  10. Slide 10: 產品與技術

    產品與技術 © ASPEED Technology. Proprietary and Confidential

  11. Slide 11: 產品組合

    產品組合 Cloud & Enterprise Smart AV Cloud & • BMC • Smart Cupola360 AV • • Enterprise PFR BIC • AVoIP • I/O Expander © ASPEED Technology. Proprietary and Confidential

  12. Slide 12: 雲端企業解決方案

    雲端企業解決方案 BIC Bridge IC BMC Baseboard Mgt. Controller PFR I/O Platform Firmware Expander Resilience SoC © ASPEED Technology. Proprietary and Confidential

  13. Slide 13: 雲端企業產品路線圖

    雲端企業產品路線圖 32 bits ARM dual core 64 bits ARM quad core PCIe 1X VGA + BMC + KVM VGA + BMC + KVM VGA + BMC + KVM AST2500 AST AST2600 AST AST2700 DDR5 DDR4 eSPI, DDR4, secure boot AST USB3, UFS, PCIe gen 4 2500 19x19 mm 2600 21x21 mm 2700 21x21 mm PCIe 1X Dual host SKU 2D VGA only 2 x VGA/KVM/eSPI BMC A

  14. Slide 14: 遠端伺服器管理晶片(BMC)

    遠端伺服器管理晶片(BMC) • Specialized processor includes 2D graphics and logic control features • Used for remote monitoring and management Data Center of host systems with BMC • Located on the motherboard of computers, servers, networks, and storage devices Internet • Can be accessed remotely via dedicated

  15. Slide 15: Bridge IC (BIC)

    Bridge IC (BIC) • Improve operational efficiency by acting as a • Compact processor equipped with integrated localized BMC agent memory and storage • Features built‐in logic control and supports multiple • In tandem with BMC within OCP framework, connections to the host system and BMC, enabling enha

  16. Slide 16: PFR伺服器安全晶片

    PFR伺服器安全晶片 ASPEED utilizes the PFR SoC to ensure firmware security across the enterprise AST platform, effectively safeguarding the 1060 platform firmware against potential malicious attacks. PFR Guideline • Published by National Institute of Protection Standards and Technology (NIST) in 2018 • A se

  17. Slide 17: 雲端企業產品應用

    雲端企業產品應用 Network AI Server Switch Computing Edge Server Computing Network Storage © ASPEED Technology. Proprietary and Confidential

  18. Slide 18: 智慧AV解決方案

    智慧AV解決方案 360° Video Processor SW Kit AVoIP Software © ASPEED Technology. Proprietary and Confidential

  19. Slide 19: 智慧AV解決方案

    智慧AV解決方案 4K2K@30 AST1220 Image Stitching Processor 4K2K@30 AST AST1520 USB Webcam Matrix AV over IP 1220 AST 500‐pin 12x12 mm, TFBGA Solutions 1520 456‐pin 19x19 mm, TFBGA ‧ Video Conference 8K2K@30 4K2K@30 AST1230 Image Stitching Processor AST AST1620 1 to 1 AV over IP Hybrid Video Conferencing USB

  20. Slide 20: Cupola360全景影像處理晶片

    Cupola360全景影像處理晶片 • Designed with proprietary in‐camera image stitching technology tailored for 360‐degree images • Real‐time and optically perfect panoramic views with ultra‐high resolution • Cupola360 offers an efficient and optimized 360‐degree camera total solution for real‐ time immersive scena

  21. Slide 21: Cupola360打造即時沉浸式體驗

    Cupola360打造即時沉浸式體驗 © ASPEED Technology. Proprietary and Confidential

  22. Slide 22: AVoIP影音延伸控制系統單晶片

    AVoIP影音延伸控制系統單晶片 ASPEED’s AVoIP SoC employs standard IPs featuring a dual‐ codec engine and proprietary compression technology, enabling support for long‐distance audio/video extension at up to 4K60 visual lossless quality using standard ethernet cables. Application Scenarios • Command centers • Con

  23. Slide 23: 財務報告 Q3, 2023

    財務報告 Q3, 2023 © ASPEED Technology. Proprietary and Confidential

  24. Slide 24: 綜合損益表

    綜合損益表 Unit : NTD 1,000 Q1’23 Q2’23 Q3’23 Q3’23 Q3’23 NTD % NTD % NTD % over Q2’23 over Q3’22 Operating 669,396 100.00% 680,039 100.00% 796,713 100.00% 17.16% ‐39.02% Revenue Gross Profit 429,994 64.24% 446,316 65.63% 498,395 62.56% 11.67% ‐41.08% Operating 220,549 32.95% 231,377 34.02% 235,186 29.52

  25. Slide 25: 合併營業收入

    合併營業收入 Unit : NTD 1,000 1,400,000 66.00% 1,200,000 65.00% 1,000,000 800,000 64.00% 600,000 63.00% 400,000 62.00% 200,000 0 61.00% Q3'22 Q2'23 Q3'23 Revenue Gross Margin Quarterly Q3’22 Q2’23 Q3’23 QoQ YoY Revenue 1,306,580 680,039 796,713 17.16% ‐39.02% Gross Margin 64.74% 65.63% 62.56% ‐4.68% ‐3.37

  26. Slide 26: 合併營業利益

    合併營業利益 Unit : NTD 1,000 700,000 50.00% 600,000 40.00% 500,000 400,000 30.00% 300,000 20.00% 200,000 10.00% 100,000 0 0.00% Q3'22 Q2'23 Q3'23 Operating Income Operating Margin (%) Quarterly Q3’22 Q2’23 Q3’23 QoQ YoY Operating Income 592,568 214,939 263,209 22.46% ‐55.58% Operating Margin 45.35% 31.61

  27. Slide 27: 合併營業費用

    合併營業費用 Unit : NTD 1,000 300,000 250,000 200,000 170,454 Sales 150,000 155,374 159,511 Admin 100,000 R&D 50,000 56,150 54,089 55,330 26,665 21,914 20,345 0 Q3'22 Q2'23 Q3'23 Quarterly Q3’22 Q2’23 Q3’23 QoQ YoY Operating 253,269 231,377 235,186 1.65% ‐7.14% Expenses © ASPEED Technology. Proprietary an

  28. Slide 28: 合併淨利

    合併淨利 Unit : NTD 1,000 700,000 50.00% 600,000 40.00% 500,000 400,000 30.00% 300,000 20.00% 200,000 10.00% 100,000 0 0.00% Q3'22 Q2'23 Q3'23 Net Income Net Profit Margin (%) Quarterly Q3’22 Q2’23 Q3’23 QoQ YoY Net Income 598,343 240,352 270,455 12.52% ‐54.80% Net Profit Margin 45.79% 35.34% 33.95% ‐3.

  29. Slide 29: 合併所得稅

    合併所得稅 Unit : NTD 1,000 200,000 25.00% 20.00% 150,000 15.00% 100,000 10.00% 50,000 5.00% 0 0.00% Q3'22 Q2'23 Q3'23 Tax Tax of Net Income Before Tax(%) Quarterly Q3’22 Q2’23 Q3’23 QoQ YoY Tax 147,770 42,961 69,092 60.82% ‐53.24% Tax of Net Income Before Tax 19.81% 15.16% 20.35% 34.19% 2.74% © ASPEED T

  30. Slide 30: 每股盈餘

    每股盈餘 Unit : NTD $18.00 $15.83 $16.00 $14.00 $12.00 $10.00 $8.00 $7.16 $6.37 $6.00 $4.00 $2.00 $0.00 Q3'22 Q2'23 Q3'23 Quarterly Q3’22 Q2’23 Q3’23 QoQ YoY EPS 15.83 6.37 7.16 12.40% ‐54.77% © ASPEED Technology. Proprietary and Confidential

  31. Slide 31: 永續發展策略與ESG成果

    永續發展策略 與ESG成果 © ASPEED Technology. Proprietary and Confidential

  32. Slide 32: 永續發展策略

    永續發展策略 Strengthen corporate • Strengthening risk management strategies • Building a complete corporate sustainable governance and resilience governance framework and system Governance • Regularly performing GHG and passing third‐party verification Focus on green energy‐saving • Power saving and carb

  33. Slide 33: 2022年ESG成果

    2022年ESG成果 • Revenue and profit grew by 43.23% and 60.38% respectively, reaching a record high for 18 consecutive years • Obtained 58 global patents Governance • Customer satisfaction rate reached 94.74% • Officially signed as a TCFD supporter in response to the TCFD initiative • Received ISO14064‐1

  34. Slide 34: 2022永續報告書及ESG摘要

    2022永續報告書及ESG摘要 Sustainability Report ESG Summary 中文 English English © ASPEED Technology. Proprietary and Confidential

  35. Slide 35: © ASPEED Technology. Proprietary and Confidential

    © ASPEED Technology. Proprietary and Confidential

ASPEED Technology — Q4 2023 Earnings Presentation on 6ix