Gcs Holdings, Inc. · TPEX:4991
Gcs — Q2 2017 Earnings Presentation
25 slides from Gcs's earnings presentation, Aug 4, 2017
Slide 1: Q2 2017 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q2 2017 Quarterly Online Investor Conference (線上法說會) Aug 04, 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) 2Q17 2Q17 2Q17 1Q17 2Q16 Over Over 1Q17 2Q16 Net Operating Revenue 458,228 411,692 481,273 11.3% -4.8% Gross Profit 248,075 187,312 194,426 32.4% 27.6% Gross Margin 54.1% 45.5% 40.4% Operating Expenses (107,349) (111,899) (120,89
Slide 6: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 2Q17 2Q17 2Q17 1Q17 2Q16 Over Over 1Q17 2Q16 Other Income 1,208 966 1,064 25.1% 13.5% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value (51,639) 59,450 10,202 -186.9% -606.2% through profit or loss Net currenc
Slide 7: Statements of Comprehensive Income – YoY
Statements of Comprehensive Income – YoY (in NT$ thousands except EPS) 2017 2016 % % Change (%) Jan to June Jan to June Net Operating Revenue 869,920 100.0% 945,058 100.0% -8.0% Operating Cost (434,533) -50.0% (516,779) -54.7% -15.9% Gross Profit 435,387 50.0% 428,279 45.3% 1.7% Operating Expenses (
Slide 8: Non-operating Income and Expenses - YoY
Non-operating Income and Expenses- YoY (in NT$ thousands) 2017 2016 Change (%) Jan to June Jan to June Other Income 2,174 1,587 37.0% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value 7,811 (45,868) -117.0% through profit or loss Net currency exchange gain or (loss)
Slide 9: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices Selected Items from Balance Sheet (in NT$ thousands) 2Q17 1Q17 2Q16 Amount % Amount % Amount % Cash and Cash Equivalent 1,288,575 45% 1,259,062 44% 1,290,712 46% Available-for-Sale Financial Assets-Current Asset 42,711 2% - - 41,668 2% Accounts Receivable 242,03
Slide 10: Cash Flows
Cash Flows (in NT$ thousands) 2Q17 1Q17 2Q16 Beginning Balance 1,259,062 1,381,894 1,258,482 Cash from Operating Activities 80,188 29,540 43,166 Acquisition of property, plant and equipment (32,301) (67,921) (45,266) Decrease (Increase) in non-current assets 30,830 (31,090) 3,547 Decrease (Increase)
Slide 11: Revenue Mix % vs Gross Margin - QoQ
Revenue Mix % vs Gross Margin - QoQ 10
Slide 12: KGD Revenue Mix - QoQ
KGD Revenue Mix - QoQ KGD Revenure Analysis-By Application 70% 64% 59% 60% 48% 51% 50% 42% 40% 33% 24% 30% 26% 23% 15% 20% 169 10% 0% Qi Q2 Q3 Q4 Qi Q2 2016 2016 2016 2016 2017 2017 ™ DC/AOC m PON @ LTE/Ethernet 11
Slide 13: Market Overview
MARKET OVERVIEW 12
Slide 14: GCS Products
GCS Products Brand Name Chip Wafer Foundry Products RF PD/MPD Power APD Electronics Opto VCSEL electronics LD
Slide 15: 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 16: RF Foundry Products: Applications & Markets
RF Foundry Products: Applications & Markets RF Wafer Foundry RFIC、HEMT、pHEMT、HBT, InP HBT, GaN/Si、GaN/SiC Wireless (Mobile & Infrastructure Base Station Wifi Mobile Phones 802.11AC 4/4.5/5G 802.11AX
Slide 17: Power Electronics Foundry Products: Applications & Markets
Power Electronics Foundry Products: Applications & Markets Power Electronics Wafer Foundry GaN/Si、GaN/SiC, SiC
Slide 18: 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 19: 2H 2017 Optical Market Outlook
2H 2017 Optical Market Outlook 2017年全年全球通信设备市场仍将有3%的小幅下降，但在下半 年资本开支有望触底反弹，4.5G网络扩容，5G及物联网的投资 开始加大; 传统通信市场无线和有线宽带领域都将迎来新的机遇： (1)5G标准制定进入关键阶段，国内企业如华为、中兴等主设 备厂商开始掌握核心话语权，未来全球市场份额仍将提升， 同时专利授权也将从企业支出改为收入; (2)物联网百亿新连接，成为运营商下一个万亿市场。 2017年NB-IOT将正式商用，LTE-V将于2017年3月份全面冻结， 下半年开始试商用，甚至5G都将首先应用于智慧城市及交通领域; (3)光通
Slide 20: 2H CY2017 Optical Module Outlook
2H CY2017 Optical Module Outlook 光模块： * 流量爆发驱动模块升级， * 云计算大潮下数通成增长引擎。 * 电信市场在接入、城域、骨干市场交替发力下，预计未来几年 将保持稳步增长 - 4.5G推动基站光模块从6G/10G向25G升级、 - 10G GPON和EPON将成为接入网主流 (OLT ONU) - 100G将向城域网下沉、 - 400G或于2018年在骨干网规模商用。 * 数通市场在云计算大潮的拉动下快速增长，100G需求迅猛， 根据Infonetics，目前市场中65%的10G/40G/100G需求都已经 来自数据中心。
Slide 21: 5G
5G 根据3GPP的时间表，5G将在3GPP的主导下于2018年9月确定 Release 15早期标准，2019年末～2020年初确定Release 16最终 标准，但现在种种迹象表明，5G或将提前到来! 终端侧：强调芯片、天线的能力提升，多种终端接踵而来; 网络侧：C-RAN、D-RAN、宏基站组网方式更加多样， 内容侧：VR、4K/8K、物联网等成为杀手应用。 China: 5G网络投资总规模达6500亿元
Slide 22: NB-IoT
NB-IoT NB-IoT: Narrow Band Low Power Wide Area Network radio technology standard 第一个面向物联网的运营商级别通信协议。 目前，3GPP已经正式批准通过了支持Band 70的NB-IoT. 中国三大运营商都表示2017年将大规模商用NB-IoT程度的活跃起来。 NB-IoT将在低耗能、低信息量、巨量化传感器网络中应用， 领域包括： ①以水电气的智能抄表业务为代表的智能家居业务; ②以邮筒、垃圾箱、路灯、下水道、停车位管理为代表的智慧城市业务; ③以快递、宠物、畜牧业、儿童老人跟踪为代表的智能追踪业务; ④以可穿戴健
Slide 23: LTE-V2X
LTE-V2X V2X: Celluar Vehicle-to-Everything Standard 车联网专有协议LTE-V2X将于2017年3月份冻结。 LTE-V是中国具有自主知识产权的V2X技术， 由华为、大唐等公司主导提出, 工信部力推智能网联， 大概率会采用LTE-V.LTE-V利好车联网和自动驾驶产业链。 (1)车联网产业链： 终端侧: 车载终端设备(LTE-V通讯模块、北斗/GPS导航模块) 最先收益，弹性大，规模达千亿; 网络侧: 看好主设备商厂商; 服务侧: 主要看好车联网平台和UBI保险。 (2)自动驾驶产业链： 主要受益的有雷达、摄像头等传感器和高精度地图。另外， 可
Slide 24: Q&A
Qk&A 23
Slide 25: For further inquiry
環宇芯系天下 For further inquiry investors@gcsincorp.com 24