GCS Holdings, Inc. · TPEX:4991
GCS — Q3 2017 Earnings Presentation
29 slides from GCS's earnings presentation, Nov 3, 2017
Slide 1: Q3 2017 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q3 2017 Quarterly Online Investor Conference (線上法說會) Nov 03, 2017
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: Grace Li, Director & Special Assistant to CEO Market Overview: Simon Yu, Senior VP and General Manager, Worldwide Sales & Marketing and Component Business 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) 3Q17 3Q17 3Q17 2Q17 3Q16 Over Over 2Q17 3Q16 Net Operating Revenue 529,100 458,228 455,727 15.5% 16.1% Gross Profit 223,559 248,075 238,896 -9.9% -6.4% Gross Margin 42.3% 54.1% 52.4% Operating Expenses (122,873) (107,349) (128,96
Slide 6: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 3Q17 3Q17 3Q17 2Q17 3Q16 Over Over 2Q17 3Q16 Other Income 771 1,208 689 -36.2% 11.9% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value 2,400 (51,639) 21,933 -104.6% -89.1% through profit or loss Net currency e
Slide 7: Statements of Comprehensive Income – YoY
Statements of Comprehensive Income – YoY (in NT$ thousands except EPS) 2017 2016 % % Change (%) Jan to September Jan to September Net Operating Revenue 1,399,020 100.0% 1,400,785 100.0% -0.1% Operating Cost (740,074) -52.9% (733,610) -52.4% 0.9% Gross Profit 658,946 47.1% 667,175 47.6% -1.2% Operati
Slide 8: Non-operating Income and Expenses - YoY
Non-operating Income and Expenses- YoY (in NT$ thousands) 2017 2016 Change (%) Jan to September Jan to September Other Income 2,945 2,276 29.4% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value 10,211 (23,935) -142.7% through profit or loss Net currency exchange gain
Slide 9: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices (in NT$ thousands) 3Q17 2Q17 3Q16 Amount % Amount % Amount % Cash and Cash Equivalent 1,102,027 36% 1,288,575 45% 1,355,827 48% Available-for-Sale Financial Assets-Current Asset - 0% 42,711 2% - 0 Accounts Receivable and Notes Receivable 317,107 10% 242,033 8% 2
Slide 10: Cash Flows
Cash Flows (in NT$ thousands) 3Q17 2Q17 3Q16 Beginning Balance 1,288,575 1,259,062 1,290,702 Cash from Operating Activities 233,361 80,188 72,797 Acquisition of property, plant and equipment (60,898) (32,301) (21,164) Decrease (Increase) in non-current assets 260 30,830 - Decrease (Increase) in othe
Slide 11: Revenue Mix % vs Gross Margin - QoQ
Revenue Mix % vs Gross Margin - QoQ 10
Slide 12: Revenue Mix without D-Tech - QoQ
Revenue Mix without D-Tech - QoQ 11
Slide 13: KGD Revenue Mix - QoQ
70% 60% 50% 40% 30% 20% 10% 0% KGD Revenue Mix - QoQ KGD Revenue Analysis-By Application 64% 59% si% a 48% 48% f 47% 42% 33% a 3% % 24% 24% 28% 29% 26% 23% 13% 1% 17% 16% 15% \ \ ai a2 a3 aa (ore a2 a3 2016 2016 2016 2016 2017 2017 2017 mDC/AOC PON wm LTE/Ethernet and Other 12
Slide 14: KGD Revenue Mix without D-Tech - QoQ
KGD Revenue Mix without D-Tech - QoQ 13
Slide 15: Market Overview
MARKET OVERVIEW 14
Slide 16: GCS Products
GCS Products Brand Name Opto Wafer Foundry Chip Products RF PD/MPD Power APD Electronics KGD Opto VCSEL electronics LD 15
Slide 17: GCS Brand Name Products: Applications & Markets
GCS Brand Name Products: Applications & Markets PD, MPD, APD, VCSEL, LD Consumer Optical Data & Fiber Centers IoT Networks 40G AOC LTE 100G HDMI (4/4.5/5G) 200G Mobile FTTx 400G Wearable
Slide 18: RF Foundry Products: Applications & Markets
RF Foundry Products: Applications & Markets RF Wafer Foundry GaAs (HBT, PHEMT), InP HBT, GaN/Si、GaN/SiC HEMT Wireless (Mobile & Infrastructure Base Station Wifi Mobile Phones 802.11AC 4/4.5/5G 802.11AX
Slide 19: Power Electronics Foundry Products: Applications & Markets
Power Electronics Foundry Products: Applications & Markets Power Electronics Wafer Foundry GaN/Si、GaN/SiC, SiC
Slide 20: Optoelectronics Foundry Products: Applications & Markets
Optoelectronics Foundry Products: Applications & Markets Optoelectronics Wafer Foundry APD, VCSEL, FP/DFB LD, EML, 2D Image Sensors Photonic Integrated Circuits…… Optical Fiber Industrial Medical Networks
Slide 21: Typical RF Transceiver Block Diagrams
Typical RF Transceiver Block Diagrams GCS has all the Preferred Device Technologies RF Front-end Module • HEMT • HEMT • HEMT • HBT • Si • BAW • GaAs/InP • High fco SBD • SAW • Si • IPD HBT Mixer • MMIC • HEMT LNA Filter IF Filter IF Amp ADC • GaAs Antenna • InP PIN • Si PIN • SOI Receiver LO Chain (
Slide 22: GCS Processes for 5G
GCS Processes for 5G Sub-6 GHz 0.25um – 0.4um GaN HEMT for BTS PA P3 InGaP HBT for handset PA If phased array is needed, HBT-PIN switch for single-chip PA-Phase Shifter BAW for >2GHz RF filters mmW (28 – 40 GHz) 0.15um GaN HEMT for BTS wide band PA InP HBT for handset PA InP HBT-PI
Slide 23: 400G optical transceiver market
400G 400G optical transceiver $22.6B (2023) (Wintergreen Research, Inc) 400G CFP8 FR8 and LR8 with pulse amplitude modulation (PAM4) technology GCS Confidential
Slide 24: GCS Is Ready for 5G and 400G
GCS IS READY FOR 5G AND 400G 5G: • Super High Linearity HBT Processes • High Frequency PHEMT and 6” InP HBT Processes FAB • High Frequency Filters Process 400G: 100G/200G in production • Super Fast Photodiodes • VCSEL coming soon 23
Slide 25: Other Technologies For High Volume Products
Other Technologies For High Volume Products • High PCE VCSEL for 3D Sensing (on 6” wafer) • Advanced APD array for LiDAR • Advanced Micro-LED process • VCSEL with integrated micro-lens for ADAS and LiDAR • GaAs high power laser for commercial cooking 24
Slide 26: Market Outlook
Market Outlook • LTE Infrastructure - 5G is coming FAST! - Drive RF and Optical Modules • PON - 2.5G GPON recovers - 10G PON fast grows • Data Center - 100G major in 2018 - 200G/400G start production in 2018 25
Slide 27: Q&A
Qka&A 26
Slide 28: Thank You!
THANK YOU! 環宇 芯 系 天下 5G 400G 27
Slide 29: For further inquiry
環宇芯系天下 For further inquiry investors@gcsincorp.com 28