GCS Holdings, Inc. · TPEX:4991
GCS — Q4 2023 Earnings Presentation
14 slides from GCS's earnings presentation, Feb 20, 2024
Slide 1: Q4 2023 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q4 2023 Quarterly Online Investor Conference (線上法說會) February 20, 2024
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 Market Section: 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) 4Q23 4Q23 4Q23 3Q23 4Q22 Over Over 3Q23 4Q22 Net Operating Revenue 400,014 357,878 354,467 11.8% 12.8% Gross Profit 98,590 56,336 47,654 75.0% 106.9% Gross Margin 24.6% 15.7% 13.4% Operating Expenses (83,872) (115,563) (124,187)
Slide 6: Revenue Mix % vs Gross Margin - QoQ
Revenue Mix % vs Gross Margin - QoQ 5
Slide 7: KGD Revenue Mix - QoQ
KGD Revenue Mix - QoQ KGD Revenue Analysis-By Application 96% 97% 100% 93% 88% » 90% 84% 85% 83% 78% 80% 70% 60% 50% 40% 30% 5% 11% 12% 3% % 2% 4% 2% 1% 20% 10% 0% Ql Q2 Q3 Q4 Qi Q2 Q3 a4 2022 2022 2022 2022 2023 2023 2023 2023 mDC/AOC mPON wi LTE/Ethernet & Other
Slide 8: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 4Q23 4Q23 4Q23 3Q23 4Q22 Over Over 3Q23 4Q22 Other Income - other 861 313 1,355 175.1% -36.5% Other Gains and Losses Net currency exchange gain or (loss) (2,023) (999) 4,032 102.5% -150.2% Gain on disposal of property,plant and equipment - -
Slide 9: Statements of Comprehensive Income - YoY
Statements of Comprehensive Income - YoY (in NT$ thousands except EPS) 2023 % 2022 % Change (%) Net Operating Revenue 1,350,604 100.0% 1,333,810 100.0% 1.3% Operating Cost (1,113,345) -82.4% (1,018,881) -76.4% 9.3% Gross Profit 237,259 17.6% 314,929 23.6% -24.7% Operating Expenses (464,286) -34.4% (
Slide 10: Non-operating Income and Expenses - YoY
Non-operating Income and Expenses- YoY (in NT$ thousands) 2023 2022 Change (%) Other Income 3,202 4,026 -20.5% Other Income - Income from forgiveness of PPP loan - 5,408 -100.0% Other Gains and Losses Net currency exchange loss (3,483) (29,124) -88.0% Gain on disposal of property, plant and - 6,660
Slide 11: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices Selected Items from Balance Sheet (in NT$ thousands) 4Q23 3Q23 4Q22 Amount % Amount % Amount % Cash and Cash Equivalent 345,234 10% 231,216 6% 442,196 10% Accounts Receivable 237,456 7% 216,692 5% 199,516 4% Accounts Receivable - Related Party 4,830 - 2,439 - 2,
Slide 12: Cash Flows
Cash Flows (in NT$ thousands) 4Q23 3Q23 4Q22 Beginning Balance 231,216 273,365 824,740 Cash from Operating Activities 29,799 4,114 (11,954) Acquisition of investments accounted for under the equity method (191,137) - (351,191) Acquisition of property, plant and equipment (46,014) (6,581) (6,179) Inc
Slide 13: Q&A
Q&A 12
Slide 14: For further inquiry
環宇 系天下 For further inquiry investors@gcsincorp.com 13