Sercomm Corp. · TWSE:5388
Sercomm — Q2 2008 Earnings Presentation
12 slides from Sercomm's earnings presentation, Aug 5, 2008
Slide 1: SerComm Corporation 2Q'08 Investor Conference
SerComm Corporation 2Q’08 Investor Conference August 5th, 2008
Slide 2: Safe Harbor Notice
Safe Harbor Notice The following presentation may contain forward-looking statements regarding, among other things, our financial condition, future expansion plans and business strategies based on our current expectations and projections about future events. Although we believe that these expectatio
Slide 3: Agenda
Agenda - Welcome and Introduction - 2Q’08 & 1H’08 Financial Results - Business Update - Q&A
Slide 4: 2Q08 Income Statement QoQ Comparison
2Q08 Income Statement QoQ Comparison Consolidated 2008 2008 NT$ Million 2Q % 1Q % Change Net Sales 2,298 100.0% 2,204 100.0% 4.3% Cost of Goods Sold 1,920 83.6% 1,848 83.8% 3.9% Gross Profit 378 16.4% 356 16.2% 6.2% Operating Expenses 254 11.1% 237 10.8% 7.2% Operating Profit 124 5.4% 119 5.4% 4.2%
Slide 5: 2Q08 Income Statement YoY Comparison
2Q08 Income Statement YoY Comparison Consolidated 2008 2007 NT$ Million 2Q % 2Q % Change Net Sales 2,298 100.0% 2,742 100.0% -16.2% Cost of Goods Sold 1,920 83.6% 2,318 84.5% -17.2% Gross Profit 378 16.4% 424 15.5% -10.8% Operating Expenses 254 11.1% 216 7.9% 17.6% Operating Profit 124 5.4% 208 7.6%
Slide 6: 1H08 Income Statement
1H08 Income Statement Consolidated 2008 2007 NT$ Million 1H % 1H % Change Net Sales 4,502 100.0% 5,180 100.0% -13.1% Cost of Goods Sold 3,768 83.7% 4,414 85.2% -14.6% Gross Profit 734 16.3% 766 14.8% -4.2% Operating Expenses 491 10.9% 409 7.9% 20.0% Operating Profit 243 5.4% 357 6.9% -31.9% Non-oper
Slide 7: Revenue Breakdown by Product
Revenue Breakdown Year 2007 by Product T-Play 16% Adapter 7% HR Other 18% 1H 2008 4% BR 10% Triple-Play Adapter PS HG Other 16% 9% 7% 38% 4% Business Home Router Router 10% 16% Print Server Home 6% Gateway 39%
Slide 8: Balance Sheet
Balance Sheet Consolidated June 30, 2008 December 31, 2007 NT$ Million Amount % Amount % Cash Equivalents 1,149 20% 1,256 24% A/R 1,268 23% 1,360 26% Inventory 811 14% 802 15% Restricted Assets 484 9% 12 0% Fixed and Other Assets 1,818 32% 1,752 33% Long-term Investment 83 1% 48 1% Total Assets 5,61
Slide 9: Consolidated Cash Flow
Consolidated Cash Flow NT$Million June 30, 2008 June 30, 2007 -Net profit 206 264 -Depreciation & Amortization 90 84 -Other Op Sources/(Uses) (213) 56 From Operation 83 404 -L-T Investment (35) 0 -Restricted Assets (471) (1) -Fixed Assets (53) (39) -Other Investing Sources/(Uses) (118) (21) From Inv
Slide 10: Business Update
Business Update Better Product Mix and Operation Initiatives Contributed to Gross Margin Improvement - Year 2007: 15.8% 1Q08: 16.2% 2Q08: 16.4% Solid Market Leading Position in Broadband Networking Equipment Market despite Lukewarm Demand - Total shipment of over 5.2 million units of software-en
Slide 11: Business Update
Business Update Increased Business Penetration to Emerging Markets - China - Eastern and Southern Europe Market Share Gain in Service Provider Segment with Pleasant Progress in New Products Development - Increasing broadband services (VoIP, MOD,…etc) offered by Service Providers/Telecom with the
Slide 12: Q&A
Q&A ~ j- = Cc O/TINN www.sercomm.com Embedded Server Provider