Fortune Information System Corp. · TWSE:2468
Fortune Information System — Fortune Information Systems — Q1 2024 Earnings Presentation
38 slides from Fortune Information System's earnings presentation, May 29, 2024
Slide 1: 2024 1st Investor Conference
Fortune Information Systems Corp. 2024 1st Investor Conference Stock symbol：2468 INTEGRITY．INNOVATION．SERVICE Speaker Candy Tang Max Yang Date 2024/05/29 General Manager General Manager
Slide 2: Disclaimer
Disclaimer This presentation may contain Except as required by laws, the There are variety of factors statements of future prospects. company is not obliged to which may influence The statement is based on the voluntarily update its statements or contents been expectation of the present presentation
Slide 3: Agenda
1. Company Overview AGENDA 2. Financial Information 3. Operational Overview 4. Operational Performance 5. Continuation and Growth Strategies 6. Q1 2024 Business Updates 7. Q&A
Slide 4: Company Overview
Company Overview - Candy Tang, General Manager
Slide 5: Company Overview: About Us
Company Overview About Us 1977 Established Operational Locations Number of Employees Headquarters: Taipei Approximately 370 2001 IPO Branch Offices: Technical Staff: Approximately 60% • Taoyuan With the core technical capabilities of • Hsinchu • each original dealer, the technical team Paid-up capit
Slide 6: Company history: information equipment and software services
Commenced buying and selling of information equipment • Become the first IBM reseller. 1977 • Mainly sell computer equipment, printers and consumables. Increase software value-added services 1993 Introduce the “exceed” warehousing management system and promote the logistics warehousing management
Slide 7: Company history: IT integration and cloud platform
2013 Strengthen IT integration capabilities Develop IT automation management & monitoring management mechanism. • Cooperate with EMC and VMWARE to obtain Partner qualification. • Establish a technical service department to develop core technical capabilities. Develop CMP cloud platform management so
Slide 8: Company history: ISO27001 and awards
2020 Obtained ISO27001 certification. and progressively expanded the scope of verification each year. Fortune Technology Systems Corporation 2021 established 2023 Awarded the Annual 'Best Cloud Platform Technology Integration Award’ by VMware.
Slide 9: Financial Information
FORTUNE Ta Financial Information
Slide 10: Consolidated Income Statements - Recent Year
Financial Information Consolidated Income Statements - Recent Year Unit: NTD in Millions 2023 2022 Difference Item Amount % Amount % Amount Growth Rate Operating revenue 2,338 100% 2,270 100% 68 3% Operating costs 2,067 88% 2,024 89% 43 2% Gross profit 271 12% 246 11% 25 10% Operating expenses 181 8
Slide 11: Operating Revenue, Last Five Years
Financial Information Performance Comparison Over the Last Five Years Unit: NTD in Millions Operating Revenue 2,400 2,350 2,338 2,300 2,270 2,250 2,220 2,200 2,161 2,149 2,150 2,100 2,050 2019 2020 2021 2022 2023 Operating Revenue
Slide 12: Gross Profit & Gross Profit Margin
Financial Information Performance Comparison Over the Last Five Years Unit: NTD in Millions/ % Gross Profit & Gross Profit Margin 400 14% 350 12% 12% 11% 11% 300 271 10% 10% 9% 246 250 222 232 210 8% 200 6% 150 4% 100 50 2% - 0% 2019 2020 2021 2022 2023 Gross Profit Gross Profit Margin
Slide 13: Operating Income & Net Income
Financial Information Performance Comparison Over the Last Five Years Unit: NTD in Millions Operating Income & Net Income 100 90 90 80 78 70 64 64 60 53 50 45 47 46 45 39 40 30 20 10 0 Operating Income Net Income 2019 2020 2021 2022 2023
Slide 14: EPS
Financial Information Performance Comparison Over the Last Five Years Unit: NTD EPS 1.20 1.12 1.00 0.91 0.80 0.66 0.64 0.60 0.55 0.40 0.20 - 2019 2020 2021 2022 2023 EPS
Slide 15: Consolidated Income Statements Q1
Financial Information Consolidated Income Statements Unit: NTD in Millions 2024 2023 Difference Item 01.01-03.31 01.01-03.31 Amount % Amount % Amount Growth Rate Operating revenue 500 100% 489 100% 11 2% Operating costs 435 87% 428 88% 7 2% Gross profit 65 13% 61 12% 4 7% Operating expenses 46 9% 48
Slide 16: Consolidated Balance Sheet
Financial Information Consolidated Balance Sheet Unit: NTD in Millions 2024.03.31 2023.12.31 2023.03.31 Item Amount % Amount % Amount % Cash and cash equivalents 164 8% 384 19% 243 11% Contract assets 670 35% 570 27% 669 31% Accounts receivable 283 14% 197 10% 293 13% Inventories 217 11% 212 11% 288
Slide 17: Financial Ratio Analysis
Financial Information Financial Ratio Analysis Item 2024.03.31 2023.12.31 2023.03.31 Current Ratio 208% 195% 171% Quick Ratio 168% 162% 133% Debts ratio 36% 39% 45% Accounts receivable turnover days 44 43 61 Inventory turnover days 45 37 52 ROE 6.1% 6.3% 4.3%
Slide 18: Operational Overview
Operational Overview - Max Yang, General Manager
Slide 19: Organizational Structure
Company Overview Organizational Structure Co-General Managers Candy Tang, Max Yang Business Product and Technology Center Software Center Management Center Development Center Marketing Center • Sales • Product Marketing • Solution Design • Software Development • Listing Compliance • Business Develop
Slide 20: Technology Center
Company Overview Technology Center 01 02 03 04 05 06 07 08 Project Systems End-Device Call Center Management Engineering Maintenance Pre-sales Product Planning On-site Services Te c h n i c a l Planning Logistics Support
Slide 21: Core Business
Operational Overview Core Business FORTUNE CMP, VMware, GCP, HPE Cloud Service Red Hat, AWS 01 Software 02 Storage and Backup Dell, HPE, Veeam, NetApp, IBM, Nutanix Hardware Network&Security Cisco, Juniper, Forcepoint, Fortinet, Aruba, 03 Radware, CyberArk, FireEye, IP-guard System Service Integrati
Slide 22: Software Solutions
Cloud Management Solution • Fortune CMP, Cloud Management Platform. Membership Management System Information Security Solution • EZ Member, Membership EDU. • Forcepoint DLP, Data Leakage Prevention Management System. F.S. System. MFG. Aviation F.S Retail The Automatic Seal identifying System Documen
Slide 23: Business Scope: Hardware Sales and Storage Backup
Business Scope Brand Sales and Service Hardware Sales Storage Backup System
Slide 24: Business Scope: Security, Cloud and Software
Business Scope Brand Sales and Service Internet Information Security Cloud management platform Software Application
Slide 25: Professional Competence: Partner Status
Operational Overview Professional competence 原廠 合作夥伴資格 Dell Technologies Titanium Partner VMware Principal Level HPE Gold Partner HPI Gold Partner NetApp Gold Partner Veeam Gold Partner IBM Gold Partner Forcepoint Titanium Partner Microsoft Gold Partner Acer Gold Partner ASP Lenovo (Authorized Servi
Slide 26: Professional Competence: Certifications
Operational Overview Professional competence NetApp, 9 ITIL, 5 DataCore, 2 GoogleAnalytics, 2 Fortinet, 2 Citrix, 1 Oracle, 14 PMP, 14 ISO, 11 HPE, 17 RedHat, 19 DELL EMC, 49 800 + Cisco, 56 VMware, 391 IBM, 65 Certifications Lenovo, 89 Microsoft, 146 Technical service team possesses core technical
Slide 27: Customer Trust and Business Competitiveness
Operational Overview Customer Trust and Business Competitiveness BSI ISO /IEC 27001 Imported Information Security Management System (ISMS) and passed BSI ISO/IEC 27001 third- party verification. PMP , Project Management Professional Certification We have a team of professionals with expertise in var
Slide 28: Operational Performance
FORTUNE Ta Operational Performance
Slide 29: The Wins: Cloud Platform and Storage Backup
Operational Overview The Wins Cloud Platform and Virtualization Construction Storage Backup System Construction
Slide 30: The Wins: Virtual Platform and Backup
Operational Overview The Wins Application Virtual Platform Construction Backup Related Application System Setup Services and Redundancy Infrastructure 國家安全局 台灣國際纜網通信
Slide 31: The Wins: Banking, Government, Others
Operational Overview The Wins Banking Government Others • 票交所ACH系統第二異地備援採購案 • 國網中心民生物聯網雲端建置採購案 • 台灣運彩VMware軟體採購案 • 國泰世華伺服器年度統購案 • DNS網路安全升級案 • 台灣運彩DELL設備採購 • 聯徵中心核心系統儲域網路軟硬體汰舊換新案 • 端點資訊安全防護升級案 • 台灣運彩備份備援採購案 • 國泰世華VMware虛擬化軟體採購案 • 國網混合雲 B 標任務型導向 (Mission- • AD網域及虛擬化平台建置採購案 • 行動網銀暨海外網銀異地備援環境建置案 critic
Slide 32: Continuation & Growth Strategies
Continuation & Growth Strategies
Slide 33: Diverse Development of Core Technology
Growth Strategies Diverse Development of Core Technology Cloud Solutions and Innovation Information Security/Zero Trust • Enhancing the Flexibility and Performance of • Providing customers with Information Security Zero Trust Security Cloud Solutions to Meet the Growing Demands of Cloud solutions to
Slide 34: Q1 2024 Business Updates
FORTUNE Ta Q1 2024 Business Updates
Slide 35: SRoR
SRoR (SRERBER RMSE RES as sR MSS RES aS Ree 4; HF BF BS MRE AAR ||BNFRSERSaR EGE Raz Renaeieereax DIREKRANB ES PEERS ARES BSE ||US ES SARTESSR RIL ET ERR bea ec (G2 ShBSe— FROUNBERECSER RES ( |[SSEh XO RARRERASER BOE HARARE RARAR [SEAR cP ts SS i A RE AR oP SPaSkReRAKRRAR ADR ORE KREAR BRERES ASR aR
Slide 36: 2024 Q1 Proportion of Customer Industry
2024 Q1 Proportion of Customer Industry e-Commerce 3% Medical 5% Industry Percentage Financial Services 72% Government 20% Government 20% Medical 5% Financial Services 72% e-Commerce 3%
Slide 37: 2024 Q1 Proportion of Product Category
2024 Q1 Proportion of Product Category Information Security 6% AI Applications 14% Product Line Percentage Cloud Management 41% Backup and Disaster Recovery 39% Cloud Management 41% AI Applications 14% Information Security 6% Backup and Disaster Recovery 39%
Slide 38: Q&A Thank You
THANK Q&A ＹＯＵ
Fortune Information Systems — Q1 2024 Earnings Presentation on 6ix