Post on 22-May-2020
Copyright © 2014 Alpha Networks Inc. All rights reserved
4Q13 Results Investor ConferenceMarch 14, 2014
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Safe Harbor StatementExcept for statement in respect of historical matters, thestatement contained in this release are “forward-lookingstatements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of Alpha Networks Inc. to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements.
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Agenda2013 Financial Reviews - Mason Liu, Vice President
2013 Business Updates & 2014 Company Outlook - Harrison Chang, President
2014 Growth Drivers - Tim Kang, CTO
Q&A - John Lee, Chairman- Harrison Chang, President- Tim Kang, CTO- Mason Liu, Vice President
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2013 Financial Reviews
Presented by Mason Liu
Vice President
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Unit: NT$ million
4Q13 Consolidated Income Statement & QoQ Comparison
2013 figures are unaudited
1 Attributable to stockholders of parent company, excluding non-controlling interests.
4Q13 3Q13 QoQChanges
Amt % Amt % %
Net Sales 6,809 100.0 6,370 100.0 6.9Cost of Goods Sold 5,810 85.3 5,333 83.7 8.9Gross Profit 999 14.7 1,037 16.3 -3.7Operating Expenses 694 10.2 732 11.5 -5.2Operating Income 305 4.5 305 4.8 -Non-Op. Inc. (Loss) 42 0.6 18 0.3 133.3Income Before Tax 347 5.1 323 5.1 7.4Net Income1 289 4.2 241 3.8 19.9EPS (NT$) 0.59 0.50
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4Q13 3Q13Unit: NT$ million
Interest Gain (Expense)
FX Gain / (Loss)
Others
Total
4Q13 Non-op. Income / Loss Breakdown & QoQ Comparison
2013 figures are unaudited
(6)
45
3
42
0
3
15
18
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2013 Consolidated Income Statement & YoY ComparisonUnit: NT$ million
2013 figures are unaudited
2013 2012 YoYChange
Amt % Amt % %Net Sales 24,104 100.0 24,907 100.0 -3.2Cost of Goods Sold 20,394 84.6 21,033 84.4 -3.0Gross Profit 3,710 15.4 3,874 15.6 -4.2Operating Expenses 2,876 11.9 2,826 11.4 1.8Operating Income 834 3.5 1,048 4.2 -20.4Non-Op. Inc. (Loss) 130 0.5 (91) (0.4) 242.9Income Before Tax 964 4.0 957 3.8 0.7Net Income1 780 3.2 742 3.0 5.1EPS (NT$) 1.60 1.461 Attributable to stockholders of parent company, excluding non-controlling interests.
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2013 2012Unit: NT$ million
Interest Gain (Expense)
FX Gain / (Loss)
Others
Total
2013 Non-op. Income / Loss Breakdown & YoY Comparison
2013 figures are unaudited
(41)
(77)
27
(91)
(18)
112
36
130
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Dec .31’ 2013 Consolidated Balance Sheet & YoY Comparison
Unit: NT$ million
2013 figures are unaudited
Dec.31, 2013 Dec.31, 2012 YoYchange
Amt % Amt % %
Cash 1,543 8.6 2,003 11.9 -23.0Account Receivable 6,005 33.3 5,865 35.0 2.4Inventory 4,394 24.3 3,625 21.6 21.2Other Assets 6,108 33.8 5,282 31.5 15.6Total Assets 18,050 100.0 16,775 100.0 7.6Current Liabilities 7,187 39.8 6,259 37.3 14.8L-T & Other Liabilities 1,076 6.0 1,022 6.1 5.3Total Liabilities 8,263 45.8 7,281 43.4 13.5Common Stock 4,943 27.4 5,138 30.6 -3.8Shareholders’ Equity 9,787 54.2 9,494 56.6 3.1
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2013 Business Updates 2014 Company Outlook
Presented by Harrison Chang
President
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4Q13 Revenue Breakdown by Products & QoQ Comparison
2013 figures are unaudited
2,668866 1,133
3,468
1,523 787 9891,6600
1,0002,0003,0004,000
LAN/MAN Wireless Mobile &Broadband
DigitalMultimedia
3Q13 4Q13NT$M
4Q13
51%22%12% 15%0%
LAN/MAN
Wireless
Mobile & Broadband
Digital Multimedia
Others
3Q13
26%
42%14%18% 0%
30 % QoQ
- 8% QoQ- 9% QoQ - 13% QoQ
Copyright © 2014 Alpha Networks Inc. All rights reserved 122013 figures are unaudited
2013 Revenue Breakdown by Products & YoY Comparison
12,183
2,087 3,453
11,0785,948 2,595 4,3116,779
0
5,000
10,000
15,000
LAM/MAN Wireless Mobile &Broadband
DigitalMultimedia
2012 2013NT$M
2013
46%25%
11%18% 0%
LAN/MAN
Wireless
Mobile & Broadband
Digital Multimedia
Others
20122%14%
8%49%27%
-9 % YoY
- 12 % YoY24 % YoY 25 % YoY
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Expanding cloud business and first–tier customers
Taking off with 4G/LTE
Evolving with Internet of Things (IoT)
Capacity expansion in Changshu, China.
A more favorable product mix
2014 Company Outlook
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2014 Growth Drivers
Presented by Tim Kang
CTO
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24*40GE
Alpha Data Center Experience
24*10GE + 4*40GE48*10GE + 6*40GE
AccessAccess
AggregationAggregation
CoreCore
SDN
SDN10GE
40GE
32*40GE
4*100GE
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Data Center/SDN Switch
SDN/Legacy Software
Experience on 40G/100G, Data Center,
Chassis based Switch
White Box Switch ( 10% by 2015 )
192* 40GE Ports768 *10GE Ports
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Mobile Network
Operator Management
IMS Internet
Broadband RouterResidential
Small Cell4G Base Stations
4G Base Stations
SmartphoneTablet
Laptop
Broadband Access
xDSL/Cable/Fiber
Security/ HeNB Gateway
4GWiFi
LTE Small Cell & Fixed CPE Application
4G
4G
WiFi
LTE & WiFiIntegrated Small Cell
FixedLTE CPE
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LTE Small Cell & Fixed CPE
IAD ( CSFB, VoLTE )
3G/4G + WiFi + PoE
IOT experience with Alpha software
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“Smart” Home Gateway
Operator’s Cloud & APP Store
Smart Home Gateway Application
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Be able to meet specific requirements- Telco, Internet Company, Retail
Complete Solutions - VoLTE, DLNA, Z-Wave, etc.- OpenWRT, OSGI, TR-069, oneM2M,etc.
Smart Home Gateway
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IEEE 802.11ac
Router ( White Box )
Enterprise AP ( Hotspot 2.0, KAPWAP )
Indoor & Outdoor
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24 GHz Intelligent SensorPatent
Detect Range for Short/Long RangeExistence of the ObjectDistinguish the Object
Application Automotive Radar SystemLighting ControlOil Level sensorSecurity SurveillanceContactless Health Monitoring
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IP-Cam
Cloud Device ( Smart phone, Tablet, etc. )
LinknLook ( Cloud Software Platform )
Retail -> Telco
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OTT Box / STBAOS ( Alpha Operating System )
DLNA, UPnP, Miracast
Hybrid IP-STB