GCS Holdings, Inc. · TPEX:4991
GCS — Q1 2018 Earnings Presentation
26 slides from GCS's earnings presentation, May 4, 2018
Slide 1: Q1 2018 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q1 2018 Quarterly Online Investor Conference (線上法說會) May 4, 2018
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) 1Q18 1Q18 1Q18 4Q17 1Q17 Over Over 4Q17 1Q17 Net Operating Revenue 479,020 526,812 411,692 -9.1% 16.4% Gross Profit 214,304 236,957 187,312 -9.6% 14.4% Gross Margin 44.7% 45.0% 45.5% Operating Expenses (124,401) (104,199) (111,89
Slide 6: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 1Q18 1Q18 1Q18 4Q17 1Q17 Over Over 4Q17 1Q17 Other Income 1,696 1,257 966 34.9% 75.6% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value 2,322 (19,196) 59,450 -112.1% -96.1% through profit or loss Net currency
Slide 7: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices Selected Items from Balance Sheet (in NT$ thousands) 1Q18 4Q17 1Q17 Amount % Amount % Amount % Cash and Cash Equivalent 1,215,937 40% 1,119,712 38% 1,259,062 44% Accounts Receivable and Notes Receivable 267,580 9% 297,515 10% 228,471 8% Inventory 331,345 11% 329
Slide 8: Cash Flows
Cash Flows (in NT$ thousands) 1Q18 4Q17 1Q17 Beginning Balance 1,119,712 1,102,027 1,381,894 Cash from Operating Activities 149,134 139,933 29,540 Acquisition of property, plant and equipment (25,452) (36,105) (67,921) Decrease (Increase) in non-current assets - - (31,090) Acquisition of intangible
Slide 9: Revenue Mix % vs Gross Margin - QoQ
Revenue Mix % vs Gross Margin - QoQ 8
Slide 10: KGD Revenue Mix - QoQ
KGD Revenue Mix - QoQ KGD Revenue Analysis-By Application 70% 60% 50% 40% 30% 20% 10% 0% at Q2 Q3 a4 at Qa 3 a4 qi 2016 2016 2016 2016 2017 2017 2017 2017 2018 m™DC/AOC = PON WLTE/Ethernet and Other
Slide 11: Market Overview
MARKET OVERVIEW 10
Slide 12: GCS Products
GCS Products Brand Name Opto Wafer Foundry Chip Products RF PD/MPD Power KGD APD Electronics (Known Opto Good electronics VCSEL Die) LD 11
Slide 13: GCS Brand Name Products (KGD): Applications & Markets
GCS Brand Name Products (KGD): Applications & Markets PD, MPD, APD, VCSEL, LD Consumer LTE Data & BASE PON Centers IoT STATION 40G AOC LTE FTTx 100G HDMI 4G 2.5G 200G Mobile 4.5G 10G 400G Wearable 5G 25G 12
Slide 14: 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 15: Power Electronics Foundry Products: Applications & Markets
Power Electronics Foundry Products: Applications & Markets Power Electronics Wafer Foundry GaN/Si、GaN/SiC, SiC
Slide 16: Optoelectronics Foundry: Applications & Markets
Optoelectronics Foundry: Applications & Markets Optoelectronics Wafer Foundry APD, VCSEL, FP/DFB LD, EML, 2D Image Sensors Photonic Integrated Circuits…… Optical Fiber Industrial Medical Consumer Networks VCSEL/DFB VCSEL/APD VCSEL VCSEL EML/PIC LD Imager (3D Sensing) LD 15
Slide 17: 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 18: GCS Is Ready for 5G
GCS IS READY FOR 5G Super High High Frequency Linearity PHEMT and HBT InP HBT 6” Process Processes Wafer Fab High Frequency BAW Filters Process 17
Slide 19: GCS Is Ready for 400G
GCS IS READY FOR 400G 100G/200G in production 400G: PAM4 8x50Gbps, 4x100Gbps 25G/100G VCSEL coming soon 18
Slide 20: 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 19
Slide 21: Global Sales of Optical Transceivers
Global Sales of Optical Transceivers 20
Slide 22: 光網絡市場
光網絡市場 光網絡市場: 電信運營商，互聯網公司以及獨立第三方運營商。 2012年以後電信運營商市場的投資已經趨於飽和， 大型互聯網 公司，尤其是谷歌，亞馬遜，蘋果，微軟等的投資持續增長。 2017年 的水平已經是幾年前的幾倍以上。從2009到2017，年均增長22.3%。 未來幾年，互聯網公司的投資總額有望達到1000億美元， 占到同期電信投資的三分之一以上。 互聯網公司自身 - 進入了一個大投資的雄心勃勃的新階段 - 傳統的數據中心內部開始到城域，長途甚至海纜系統。比如穀歌就已經在建設 自己的海纜。而且有意思的是谷歌的跨大西洋海纜著陸 點選擇了丹麥和愛爾蘭 兩個數據中心集中的地方，而不是人
Slide 23: 數據中心
數據中心 第四次工業革命 - 數據中心:中心和驅動所在 － 數據中心的大規模建設成了推動當前通信市場的中心 － 而數據中心對光通信提出的要求是： 高帶寬， 更低功耗， 更低成本。 － 光子集成是滿足這些挑戰的最好頒發。包括 矽光集成在內，光子集成的市場已經逐步 成形，但是，市場規模， 封裝，光源的問題等等依然限制著光子集成產業的發展 22
Slide 24: 5G in China
5G in China ‘Source: GSMA Inteligence “Source: GSMA Intel (2) 4G evolution in China 5) China - forecast for 5G connections 5G connections (million) 2020 2021 2022 2023 2024 2025 2014 2015 2016 2017 (f) Total mobile connections 4G connectic (million) lion 4G penetration 23
Slide 25: Q&A
Qk&A 24
Slide 26: For further inquiry
環宇芯系天下 For further inquiry [email protected] 25