GCS Holdings, Inc. · TPEX:4991
GCS — Q1 2017 Earnings Presentation
24 slides from GCS's earnings presentation, May 5, 2017
Slide 1: Q1 2017 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q1 2017 Quarterly Online Investor Conference (線上法說會) May 5, 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) 1Q17 1Q17 1Q17 4Q16 1Q16 Over Over 4Q16 1Q16 Net Operating Revenue 411,692 418,921 463,785 -1.7% -11.2% Gross Profit 187,312 150,061 233,853 24.8% -19.9% Gross Margin 45.5% 35.8% 50.4% Operating Expenses (111,899) (119,749) (142,
Slide 6: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 1Q17 1Q17 1Q17 4Q16 1Q16 Over Over 4Q16 1Q16 Other Income 966 1,190 523 -18.8% 84.7% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value 59,450 29,283 (56,070) 103.0% -206.0% through profit or loss Net currency
Slide 7: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices (in NT$ thousands) 1Q17 4Q16 1Q16 Amount % Amount % Amount % Cash and Cash Equivalent 1,259,062 44% 1,381,894 47% 1,258,482 46% Accounts Receivable 228,471 8% 197,245 7% 234,699 9% Inventory 333,501 12% 348,402 12% 348,075 13% Available-for-Sale Financial Assets
Slide 8: Cash Flows
Cash Flows (in NT$ thousands) 1Q17 4Q16 1Q16 Beginning Balance 1,381,894 1,355,827 1,237,513 Cash from Operating Activities 29,540 159,222 71,306 Acquisition of property, plant and equipment (67,921) (62,433) (35,539) Increase in non-current assets (31,090) - - Acquisition of intangible assets - (2,
Slide 9: Revenue Mix % vs Gross Margin - QoQ
Revenue Mix % vs Gross Margin - QoQ 8
Slide 10: KGD Revenue Mix - QoQ
60% 50% 40% 30% 20% 10% 0% KGD Revenue Mix - QoQ (cs) KGD Revenue Analysis-By Application 59% 34% 26% 15% 2Q 48% 42% 37% 28% 24% = 21% 3Q 4Q 52% 14% 1Q 1Q 2016 2016 2016 2016 2017 mDC/AOC PON’ B@LTE/Ethernet and Other
Slide 11: Market Overview
MARKET OVERVIEW 10
Slide 12: Global Data Center and Cloud-based Data Traffic
Global Data Center and Cloud-based Data Traffic 1) Go Fiber 2) Higher Data Rate Data center/cloud traffic is 5-7 times higher than network traffic The CAAGR of this traffic is nearly 27% over the forecast period, Nearly 80% of the data center/cloud data stays within the data center
Slide 13: Optical Components and Modules
Optical Components and Modules Total market for optical components: 2015 - ~$6.5 billion 2021 - $30+ billion 100 Gbps: 2015 - ~80% share 2021 - ~68% share 200 Gbps: CAAGR of nearly 100% for next 5 yrs 2021 - 31% share 40 Gbps: 2015 – 17% share 2021 – 1% share
Slide 14: Optical Components and Modules Market
Optical Components and Modules Market • InP accounts for the largest portion, with ~ 71% of total revenue in 2016 • GaAs revenue will grow, but its share of the market will stay relatively constant, at 17-18% • The value of silicon photonics-enabled transceivers: ~ $600 million in 2016 $2.4 billion
Slide 15: 全球移动运营商的固定资产投资(CAPEX)
全球移动运营商的固定资产投资(CAPEX) 全球移动运营商的固定资产投资(CAPEX) (GSMA)： 2015年 - 接近2000亿美元 2016年 - 接近1880亿美元，降低了6% 2017年 - 降低3% (estimated) GSMA预计这一下滑趋势将一直持续到2020年5G网络投资逐步启动。 中国市场： 中国移动2017年资本开支预期为1760亿元，同比下降6%; 中国电信资本开支预期为890亿元，同比下降8.1%; 中国联通资本开支预计为450亿元，同比下降37.6%; 2017年三大运营商资本开支将减少462.1亿元，同比降幅高达13%， 现金及现金等价物余额折算成美元分别是
Slide 16: 2017年无线与移动领域趋势展望
2017年无线与移动领域趋势展望 2017年无线与移动领域趋势展望: 市场： 全球移动用户增加至约为80亿户。到2021- 90亿户。 流量： 2021年全球移动数据流量将增加10倍，中国人均流量增长18倍 (7GB) 产业链： 4.5G/NB-IOT将于2017年启动商用 5G：开展第二阶段5G试验 推动全球统一5G标准形成 2018 开始商用？ 终端：全球手机出货量增速<5%
Slide 17: 5G Status
5G Status 中国: 中国移动将于2017年开始5G大规模外场实验 4月1日雄安设立国家级新区，随后中国电信和中国移动先 后表态将在河北雄安新区率先展开5G移动网络部署 韩国: SK 已经开始了5G外场的实验和部署， 2018年平昌冬奥会启用5G通信 美国: 2017年上半年在美国11个城市提供5G服务 5G: 1.7 billion 5G subscribers anticipated 日本: in 2025 计划在2020年前实现5G商用以支持东京奥运会 欧洲: 2018年开始测试5G试验网, 2020年实现城市热点区域的5G覆盖 16
Slide 18: PON Status
PON Status China: grow in 10G PON US: AT&T预计到2017年底可能会增加200万个家庭 (total 4.6M) 2019 – 12.5M Netherland, Africa, Vietnam, Turkey, New Zealand, Australia 10G PON: 中国电信刚发布2017年度PON设备集采招标， 其中EPON设备已经失去踪影，取而代之的是10G EPON设备， 采购规模达65万(包含OLT端口45万和ONU端口20万) 无线领域热炒5G的同时，低调的固网并未停止前进的脚步。 三大运营商2016年全力拓展4K视频业务，4K视频的
Slide 19: 2016年底中国FTTH用户数量已达2.277亿
2016年底中国FTTH用户数量已达2.277亿 (Digitimes Research) Figure 8. Broadband subscribers added in Q4 2016. Source – Point Topic. 2016年底使用20Mbps及以上下载速度的固网宽带上网用户比例上升至77.8%。 In 12 months to the end of 2016, China added nearly 92 million FTTH connections. This figure is almost as high as the total fixed broadband
Slide 20: Data Center
Data Center Bandwidth demand from Cloud companies connecting their data centers (Cloud DCI) is expected to be very high in 2017. Amazon and Facebook reported that traffic inside of their datacenters is increasing by 100% annually. Traffic between their datacenters is expected to grow at a slower pac
Slide 21: NA Data Center
NA Data Center 北美数据中心市场发展的5个预测 一、最大的数据中心市场规模增长最快 (增加的电力总容量近300MW,包括预租赁) 二、云计算应用将持续增长 三、并购市场活动将会持续 四、数据中心运营商, 通过扩大园区面积而拓展 五、二级数据中心市场将会继续增长
Slide 22: GCS Products: Applications & Markets
GCS Products: Applications & Markets RF & Power Electronics Optoelectronics RFIC、HEMT、pHEMT、HBT, PD, APD, VCSEL, FP/DFB LD, 40G InP HBT, GaN/Si、GaN/SiC、 Photonic Integrated Circuits, 100G SiC… 2D Image Sensors …… 200G 400G Wireless Consumer Power Data Fiber Optical （mobile + / Electronics Centers Ne
Slide 23: Q&A
Q&A 22
Slide 24: For further inquiry
環宇芯系天下 For further inquiry [email protected] 23