Slide 1: CASwell 2020 Q3 Investor Conference
CASwell 2020 Q3 Investor Conference Nov. 20, 2020 https://www.cas-well.com
Slide 2: Forward-looking statements disclaimer
Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ mater
Slide 3: 2020 Q3 Financial Results, Business Highlight, Strategies
2020 Q3 Financial Results Business Highlight Strategies for Future Growth Q&A 3
Slide 4: Q3 2020 income statement
2019 2020 NT$ M QoQ YoY Q2 Q3 Q2 Q3 Revenues 889 1,207 1,453 1,376 -5.3% 14.0% Gross Profit 161 271 308 300 -2.6% 10.7% Gross Margin % 18.1% 22.5% 21.2% 21.8% 0.6ppt -0.7ppt Operating Expense 106 135 141 157 11.3% 16.3% Operating Income 55 136 167 143 -14.4% 5.1% Operating Margin % 6.2% 11.3% 11.5%
Slide 5: Q1-Q3 2020 income statement
2019 2019 2020 NT$ M YoY 1-9 1-12 1-9 Revenues 2,998 4,432 4,096 36.6% Gross Profit 609 914 864 41.9% Gross Margin % 20.3% 20.6% 21.1% 0.8ppt Operating Expense 337 486 441 30.9% Operating Income 272 428 423 55.5% Operating Margin % 9.1% 9.7% 10.3% 1.2ppt Interest Income(Expense) 1 1 (6) FX Gain(Loss
Slide 6: Q3 total revenue by product
CASwell Q3 Total Revenue Unified Revenue Communications 2% Others NT$ 1,376 M Network Security and Management 11% Revenue (Ratio) SD-WAN NT$ 969 M (70%) (vCPE/uCPE) SD-WAN (vCPE, uCPE) Revenue (Ratio) 17% NT$ 228 M (17%) Unified Communications Revenue (Ratio) 70% NT$ 147 M (11%) Network Others Secur
Slide 7: Q3 total revenue by region
CASwell Q3 Total Revenue Revenue PRC NT$ 1,376 M 9% AMERICAS AMERICAS EUROPE Revenue (Ratio) NT$540 M (39%) 20% 39% MIDDLE EAST & APAC Revenue (Ratio) NT$ 439 M (32%) EUROPE Revenue (Ratio) NT$ 272 M (20%) 32% CHINA MIDDLE EAST & APAC Revenue (Ratio) NT$ 125 M (9%) 7
Slide 8: Q1-Q3 total revenue by product
CASwell Q1-Q3 Total Revenue Unified Revenue Communications 2% Others NT$ 4,096 M Network Security and Management 15% Revenue (Ratio) NT$ 2,777 M (68%) SD-WAN SD-WAN (vCPE, uCPE) (vCPE/uCPE) Revenue (Ratio) 15% NT$ 609 M (15%) Unified Communications 68% Revenue (Ratio) Network NT$ 635 M (15%) Others
Slide 9: Q1-Q3 total revenue by region
CASwell Q1-Q3 Total Revenue Revenue PRC NT$ 4,096 M AMERICAS 9% Revenue (Ratio) AMERICAS EUROPE NT$ 1,599 M (39%) MIDDLE EAST & APAC 20% 39% Revenue (Ratio) NT$ 1,296 M (32%) EUROPE Revenue (Ratio) 32% NT$ 913 M (22%) MIDDLE EAST & APAC CHINA Revenue (Ratio) NT$ 288 M (7%) 9
Slide 10: Q&A
ASWELL ‘Complete Your Solutions Q&A