Leading Digital Video Surveillance Manufacture July-September 2010

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1 GeoVision Quarterly Updates More than 8,804,358 DVR channels and 25,214 Megapixel IP cameras sold to date....and still counting!" Leading Digital Video Surveillance Manufacture July-September 2010

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GeoVision Quarterly Updates More than 8,804,358 DVR channels and 25,214 Megapixel IP cameras sold to date....and still counting!". Leading Digital Video Surveillance Manufacture July-September 2010. About GeoVision. Digital video surveillance company Founded in Feb.1998 by George Tai - PowerPoint PPT Presentation

Transcript of Leading Digital Video Surveillance Manufacture July-September 2010

Page 1: Leading Digital Video Surveillance Manufacture July-September 2010

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GeoVision Quarterly UpdatesMore than 8,804,358 DVR channels and 25,214 Megapixel

IP cameras sold to date....and still counting!"

GeoVision Quarterly UpdatesMore than 8,804,358 DVR channels and 25,214 Megapixel

IP cameras sold to date....and still counting!"

Leading Digital Video Surveillance Manufacture

July-September 2010

Page 2: Leading Digital Video Surveillance Manufacture July-September 2010

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About GeoVisionAbout GeoVision Digital video surveillance company Founded in Feb.1998 by George Tai Listed on TWSE since March 2005 (Code: 3356; Ticker: GeoVision) Capital : TWD$481 M Market Cap: USD$154.1mn (As of Sept. 2010)≒ Number of employees: 282 (208 in HQ)* 5 subsidiaries in Brazil, China, Czech Republic, Japan, the USA Product Lines:

– Hybrid DVR/ NVR– DVR Systems (PC-Based) – Compact DVRs (Standalone Type)– Network Video Solutions (IP Cameras, Video Servers)– Video Integration Solutions (CMS, POS/ATM, GIS, LPR/ANPR, Access Control)

Business Summary:Since its establishment, GeoVision has focused on R&D and manufacturing of video surveillance products and solutions. GeoVision is a leader in the sector of hybrid video surveillance and offers comprehensive support for network video products.

* June 30, 2010

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Video Integration Solutions

License Plate Recognition

Central Monitoring Station

Access Control

Mega-Pixel IP Camera Video Analytics

POS/ ATM/ EAS

GIS

GeoVision Video Surveillance System

3G Mobile Monitoring

Center V2 Demo

Control Center

E-Map Demo

Toll Booth Demo

POS Demo

GIS Demo

IP Cam PIP

LPR Demo

Access Ctrl Demo

3G Mobile Demo

IP Cam PnP

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Free bundled 32-channel GV-NVR Free bundled 32-channel GV-NVR

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DVR ProductsDVR Products

Hardware Compression Card

Combo Cards

Video Capture Cards

GV-Video Capture Card

GV-Hot Swap DVR

GV-Mini DVR

GV-Storage

GV-Systems (PC-based)

GV-DVR/ Hybrid DVR 32CH

GV-Compact DVR (Linux)

Standard Model

Anti-Vibration Model

Mobile Solution

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IP ProductsIP Products

1.3M H.264

1.3M Vandal Proof

H.264 IP Speed Dome

GV-IP Camera

1.3M H.264 Fisheye

1.3M H.264 PTZ

1.3M H.264 Low Lux

GV-IP Camera (Coming Soon)

2M H.264/ 3M H.264

GV-Video Server

H.264 2CH

MPEG4 2CH/ 4CH

NVR Lite

GV-NVR

V8.3 NVR 32Ch

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GV-1.3M H.264 Fisheye IP CameraGV-1.3M H.264 Fisheye IP Camera

• Replace four or more conventional cameras with just one fisheye IP camera• 1.3M progressive scan CMOS • H.264, MPEG 4 and MJPEG • Provides 360 and 180 degrees panorama view • Playback from any view angle and zoom level • Virtual PTZ function • Auto Pan function Privacy mask • Visual automation • Tampering alarm • 16 languages on web interface

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Smart Video AnalyticsSmart Video Analytics

Panorama View

Object TrackingFace Detection Crowd Detection

Vehicle Counting

People Counting

GV-Web Report

Video StabilizationSmart Search

Object DetectionObject Detection

Video Enhancer

PTZ Visual ZoomControl

Tampering AlarmVisual Automation

Single PTZ Tracking

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Digital

Product Road Map

2004 2005 2006

GV-NVRIP S/W

2007 2008

DSP LPR

Compact 4-Ch1.3 Mega IP Cam

Smart Video Analytics:Face Detection,  

Panorama View, DefogVideo Stabilization,Crowd Detection

Single PTZ Tracking

Hybrid Solutions

Access Control

IR Cam

VistaSupport

POS/ATM DVR

TV Wall Solution

PDA/ Smart Phone/ 3G Remote Live View; WebCam MultiView; Email / SMS alerts

License Plate Recognition, LPR+DVR, LPR Center

Central Monitoring Station: Center V2 Pro,VSM,Dispatch Server,Control Center

Geo MPEG4, Geo MPEG4 (ASP), MPEG-4 (ASP), MPEG-2, Geo H264,

Intelligent Video Content Analysis

480 fps Video Card; DVR System; Hardware Compression Card

CMSGIS/GPS Support

MPEG4/ MJPEG Video Server

Blackberry

Support

2009

Geo H264 V2

2010

H.2641.3M IP/ PTZH.264 Speed Dome H.264 Fisheye Cam,H.264 Video Server

GV-iViewfor

iPhoneiPod

Touch

32 CH

GV-Web Report;

Gender/ Age Detection

32CHMultiView

VideoAnalytics

Integra-tion

Remote Network

H.264 Full HD IP

SmartBox

Compact8-CH

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Revenues by QuarterRevenues by Quarter

382

412 408

342318 311 309

319301

331 338

0

50

100

150

200

250

300

350

400

450N

T$m

n

-30.0%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Sales QoQ (%) YoY (%)

2010Q3 salesNT$338mn

QoQ 2%YoY 9%

*The Q3’10 result is un-audited.

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Gross Margins, OP Margins and EBT

Gross Margins, OP Margins and EBT

Annual Results

65%68%68%67%67%

33%38%41%

47% 48%

50%49%

32%

43%38%

0%

15%

30%

45%

60%

75%

Gross Margin OP Margin EBT Margin

Quarterly Results

69% 67% 65% 68% 65% 65%64%

40%36% 36%

39%

33% 34%

32%

42%

35% 37%

38%

27% 28%

41%

0%

15%

30%

45%

60%

75%

*The Q1~Q3’10 result is un-audited. *The Q3’10 result is un-audited.

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Operating ExpensesOperating Expenses

32%

31%32%

30%

29%

32%

29%

0

10

20

30

40

50

60

Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q2'10 Q3'10

25.0%

27.0%

29.0%

31.0%

33.0%

35.0%

37.0%

39.0%

Sales & Mkt Administration R&D Expense %

NT$MN

93 98 91 97 10497

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Earnings & EPSEarnings & EPS

113

93

139

127

7894

2.63

1.63

1.95

2.88

2.351.94

30

50

70

90

110

130

150

Q3'09 Q2'10 Q3'10

1

1.5

2

2.5

3

3.5

4

Income before Tax (NT$mn)Net Income (NT$mn)EPS (NT$)Pre-tax EPS (NT$)

NT$mn NT$NT$mn NT$

358

314

288 272

5.985.66

6.53

7.44

0

50

100

150

200

250

300

350

400

2009 Q1~Q3 2010 Q1~Q3

2

5

8

Income before Tax (NT$mn)Net Income (NT$mn)EPS (NT$)Pre-tax EPS (NT$)

’10Q3 Non-Operating Profit:NT$29.2mn

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Sales in the ProductsSales in the Products

59%

69%

12%

20%

9%10%

5% 4%

5% 6%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Q1-Q3 2010 Q1-Q3 2009

Others

Applications (Access Control/ CMS/LPR/ POS)

DVR Systems &Compact DVRs

IP Products

GV-Cards

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Sales in the RegionsSales in the RegionsQuarterly

0

100

200

300

400

500

600

2010 Q2 2010 Q3

Taiwan

Oceanic,AfricaAsia (incld.Jpn)Europe

America

Annually

0

200

400

600

800

1000

1200

2010 Q1~Q3

48%

31%

15%

3%2%

NT$MN NT$MN

49%

31%

15%3%2%

49%

30%

16%3%2%

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2010Q1~Q3

%2010

Q3% QoQ % YoY %

Net Sales 969,703 100 337,679 100 2 9

Gross Profit 631,502 65 216,350 64 0 8

Operating Profit 323,195 33 109,335 32 (3) 0

Income before Tax 314,051 32 138,577 41 49 23

Net Profit 272,153 28 126,705 38 61 35

Pre-tax EPS (NT$) 6.53 2.88

EPS (NT$) 5.66 2.63

(Unit : NT$K)

Income Statements

(Unit : NT$K)

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ReferencesReferences

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AnalogAnalogCameraCamera+DVR+DVR

Video Surveillance TransitionVideo Surveillance Transition

Network Network VideoVideoSolutionsSolutions

Analog Analog Camera Camera +VCR+VCR

Analog+DigitalAnalog+DigitalHybrid DVRHybrid DVR

Analog SignalsAnalog Signals Digital SignalsDigital Signals

1990 2005 2007

LAN / WAN / Wireless

LAN / WAN /

Wireless

PC-Based CMS Server

PC-Based DVR

Analog VCR

2010

Video ServerLAN / WAN /

Wireless

CMS Server

NVR

IP CamGeoVision Solution

Standalone DVR

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World Market for Video SurveillanceWorld Market for Video Surveillance

Source: IMS Research 2008 Edition

The World Market for Video Surveillance Euqipment

4,317

8,5368,118

7,212 7,676

5,811

2,292 3,162

2009 2010 2011 2012

US

D$

M

Network Video Surveillance (incl. IP cameras, IP software, NVRs)Digital Video Surveillance (incl. analogue cameras)

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World Market for DVRs by ProductsWorld Market for DVRs by Products

1,8682,064

2,3002,553

2,805

658

674

707

738

767

140

159

180

201

224

0

500

1000

1500

2000

2500

3000

3500

4000

'08 '09 '10 '11 '12

DVR Cards

PC-BasedDVR

EmbeddedDVR

USD$Mn’08 GV-Cards Market Share

Otherbrands

74%

GV-Cards26%

'09 GV-Cards Market Share

GV-Cards16%

OtherBrands

84%

DVR Cards CAGR 13.0%

‘07-’12 DVR Total CAGR 9.6%

Source: IMS Research-The World Market for CCTV and Video Surveillance Equipment 2008 Edition

Source: Company Info

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World Market for DVRs by ProductsWorld Market for DVRs by Products

2,4242,598

2,8073,015

3,216

242

299

380

477

580

0

500

1000

1500

2000

2500

3000

3500

4000

'08 '09 '10 '11 '12

Hybrid DVR(analog &digital inputs)

Standard DVR

Hybrid DVR CAGR

25.3%

Standard DVR CAGR 7.7%

GV-Hybrid DVR Market Share (Incld. GV-Cards & GV-Systems)

90.5%

83.0%

9.5%

17.0%

0

50

100

150

200

250

300

350

'08 '09

GV-Hybrid DVR

Other Brandsof Hybrid DVR

USD$ MN

USD$ MN

Source: IMS Research-The World Market for CCTV and Video Surveillance Equipment 2008 Edition

Source: Company Info

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World Market for Megapixel CamerasWorld Market for Megapixel Cameras1-1.99 Megapixel IP Cameras

Shipments

109

193

343

579

902

0

100

200

300

400

500

600

700

800

900

1000

'08 '09 '10 '11 '12

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1-1.99 Mega CAGR

GV-Megapixel IP CamerasShipments Market Share

96.5%96.8%

3.5%3.2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

'08 '09

GV-MegapixelIP Cams

Other BrandsIP Cams

%

Unit Shipments (000s)

Source: IMS Research-The World Market for CCTV and Video Surveillance Equipment 2008 Edition

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World Market for DVRs vs. IP Cameras World Market for DVRs vs. IP Cameras

DVRs(Hybrid & Standard)

2,8033,423

4,113

130

181

246

4,862

323

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

'08 '09 '10 '11 '12

Standard DVR- analog Hybrid DVR- analog+digital

’07-’12 DVRs Shipments

CAGR 22.2%

IP Cameras(Megapixel & Non-Megapixel )

353

628

1,093

1,789

1,879

2,503

3,3174,369

0

1000

2000

3000

4000

5000

6000

7000

'08 '09 '10 '11 '12

MegapixelResolution

StandardResolution

Unit Shipments (000s)Unit Shipments (000s)

Source: IMS Research-The World Market for CCTV and Video Surveillance Equipment 2008 Edition

’07-’12 IP Cameras

Shipments CAGR 38.7%

2010 ASPMega: $728Standard: $387

2010 ASPHybrid: $2,104Standard: $820

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Market Share for IP Cameras & DVRs Market Share for IP Cameras & DVRs

Axis, 33.5%

Sony,10.4%

Panasonic(PCC), 8.4%

Mobotix,7.3%

PanasonicSystem,

5.4%

D-Link,5.3%

BoschSecurity,

3.6%

Vivotek,3.1%

ACTi, 2.5%

DVTel, 2.0%

Others,18.5%

0% 10% 20% 30% 40%

Nice,15.8%

Pelco,11.1%

Verint,7.4%

Mitsubishi, 6.3%

Tyco,5.5%

Toshiba,5.4%

Honeywell, 4.8%

Geutebruech, 4.4%

Hikvision,3.6%

Vicon ,3.9%

Others,31.9%

0% 10% 20% 30% 40%

Source: IMS Research 2008

2007 IP Cameras Revenues: USD$547.9mn 2007 Enterprise DVRs Revenues: USD$285.5mn

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The Best ROE among Top 50The Best ROE among Top 50

ROE Ranking exclusive of Industry Average ROE

32112

18

38.96%39.72%

41.58%

0

5

10

15

20

GeoVision-奇偶 HTC-宏達電 MediaTek-聯發科

37.00%

38.00%

39.00%

40.00%

41.00%

42.00%

ROE ranking Market Cap Ranking ROE%

ROE Rank exclusinve of Market Average ROE

213

12

18 46.61%

41.24%40.74%

0

5

10

15

20

GeoVision-奇偶 HTC-宏達電 MediaTek-聯發科

36.00%

40.00%

44.00%

48.00%

ROE ranking Market Cap Ranking ROE%

• GeoVision is ranked No.1 by Global View Magazine in the “Taiwan’s 50 Best CEOs” survey, based on the annual average ROE performance of all Taiwan listed companies during their current CEOs’ terms. Source: Global View Magazine, ※ 遠見雜誌 , 2010.05

Rank RankROE% ROE%

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Sales Channels & End-UsersSales Channels & End-Users

GeoVision Inc.

System Integrators Distributors Installers

System Integrators Installers

Government(Italy) Prime Minister Building; (Iran) Defense Ministry

Business(Japan) Osaka Shopping Center

Transportation(UK) Double Deck Bus; (Germany) Munich Airport Parking

Healthcare(USA) Harvard Medical Center;UCLA Medical Center

Education(HK) Univ. of Hong Kong

Retail(USA) Hooters / Macy’s / 7-11 / Albertsons/ MacDonald

Gaming(USA) Flamingo Casino(Japan) Pachinko

Banking(France) Banque de France(Morocco) Brink’s

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Video Surveillance PlayersVideo Surveillance Players

PC Based DVR

NVR

Standalone DVR

ProvideoProvideo

IP Cam

IP Storage

IP Software

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Chairman & CEOGeorge Tai

General Manager & COORoger Lin

USA Vision Systems Inc.

GeoVision Japan Inc.

Shanghai GeoVision System Co., Ltd.

Europe Vision Systems s.r.o.

GeoVision Brail Ltd.

OrganizationOrganization

Oversea Subsidiaries

R&DTechnical Support

SalesProduct & Marketing

Administra-tion

Operation & Logistics

Number of Employees: 282(As of April 1, 2010)

Support, 7,3%

RD, 109, 52%

Sales, 32,15%

Admin+Operating, 63,

30%

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Honors & AwardsHonors & Awards

Y2000

Y2001Y2002

Y2004

Y2005Y2006Y2007

Y2008

TaiwanTaiwanPatentPatentUSAUSA

PatentPatent

Frost & Sullivan – Frost & Sullivan – Digital Video MonitoringDigital Video Monitoring

Deloitte Deloitte Fast 500Fast 500

Deloitte Deloitte Fast 500Fast 500

Mini DVRMini DVR Combo DVRCombo DVR

SME-Rising SME-Rising Star AwardStar Award

Taiwan Taiwan EnterpriseEnterprise

Y2009

2009 17th Award for Industrial 2009 17th Award for Industrial Technology Advancement - Technology Advancement - Outstanding Innovation Award Outstanding Innovation Award

2009 18th National Award of 2009 18th National Award of Outstanding Small and Outstanding Small and Medium Enterprises Medium Enterprises