GCS Holdings, Inc. · TPEX:4991
GCS — Q1 2022 Earnings Presentation
18 slides from GCS's earnings presentation, May 3, 2022
Slide 1: Q1 2022 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q1 2022 Quarterly Online Investor Conference (線上法說會) May 03, 2022
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, Senior Director & Special Assistant to CEO Market Overview: 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) 1Q22 1Q22 1Q22 4Q21 1Q21 Over Over 4Q21 1Q21 Net Operating Revenue 297,485 308,643 301,307 -3.6% -1.3% Gross Profit 94,603 66,373 100,005 42.5% -5.4% Gross Margin 31.8% 21.5% 33.2% Operating Expenses (109,847) (77,645) (99,221) 4
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 7 90% pa 81% 78% 80% 76% 76% _ 70% 64% 64% 65% 60% 50% 40% 31% 31% 32% 30% 20% 19% 7 20% 14% pa % 10% 10% % % % % % 1% 1% Q4 Qi Q2 Q3 0% Q2 Q3 a4 Qi 2020 2020 2020 2021 2021 2021 2021 2022 ™MDC/AOC MPON MLTE/Ethernet & Other
Slide 8: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 1Q22 1Q22 1Q22 4Q21 1Q21 Over Over 4Q21 1Q21 Other Income - other 780 181 1,935 330.9% -59.7% Other Income - Income from forgiveness of PPP loan - - 6,838 - -100.0% Other Gains and Losses Net currency exchange gain or (loss) (14,902) 3,611 (1
Slide 9: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices Selected Items from Balance Sheet (in NT$ thousands) 1Q22 4Q21 1Q21 Amount % Amount % Amount % Cash and Cash Equivalent 778,385 16% 1,839,765 37% 1,159,644 31% Accounts Receivable and Notes Receivable 197,007 4% 155,873 3% 197,894 5% Accounts Receivable and Note
Slide 10: Cash Flows
Cash Flows (in NT$ thousands) 1Q22 4Q21 1Q21 Beginning Balance 1,839,765 909,407 1,106,476 Cash from Operating Activities (8,474) 73,215 28,131 Acquisition of investments accounted for under the equity method (1,043,899) (56,065) - Acquisition of property, plant and equipment (60,038) (35,909) (32,4
Slide 11: Market Overview
MARKET OVERVIEW 10
Slide 12: Optical Communication Market
Optical Communication Market Ethernet Optical Transceiver 2021 - CAGR 18% in 2011-2021 - $4.6 billion: up 25% from 2020 (2020: 32% GR) (2019: -18% GR) - 14% CAGR in 2022-2027 (fcst by LC), $10 billion by 2027 2021 Growth Drivers: - Legacy products picked up after pandemic disruption - Strong gro
Slide 13: RF Semiconductors Market
RF Semiconductors Market China 2021: total base station 9.96M (2G/3G/4G/5G) (2020 9.31M) - 5G 1.42M (2020 770K) Global 2021: 5G services - only 78 countries and 200 services providers offer commercial 5G services, 3.5GHz, 600MHz or 700MHz. MMwave: 16 countries, 28 services provides, mainly US, J
Slide 14: GaN RF Device Market
GaN RF Device Market 2019-2025 packaged GaN RF device market SOPECARE split by ap plicatecn (Source: GaN RF Market: At ayers, Technology, and Substrates 2020 report, Yole Développement, 2020) ® Telecom infrastructure © Military ® Wired broadband Pr eae ae 2025 RF energy Commercial radar and avionics
Slide 15: GaN RF Device Market
GaN RF Device Market Senne =i RF device ae eeiotion (Source: GaN RF Market: Applic s, Players, Technology, and Substre 202! report, Yole Dévelor 2020 Defense Co-existence 14
Slide 16: Global GaN RF Device Suppliers
Global GaN RF Device Suppliers 15
Slide 17: Q&A
Qk&A 16
Slide 18: For further inquiry
環宇芯系天下 For further inquiry [email protected] 17