AVer — Interim / Quarterly Report 2019

Aug 23, 2019

圓展科技法人說明會 AVer Information Investor Conference 2019 年第二季 / 2019Q2 | 23-Aug-2019 | AVer Information Inc. | www.aver.com

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• 免責聲明 Safe Harbor Statement •

• 本簡報包含對於未來展望的表述，該項表述是基於對現況的預期，未來受限於已 知、未知風險或不確定因素的影響，因此實際結果可能與表述內容有所差異。這 些未來展望的表述，反應本公司目前對於未來的看法，本公司並不負責隨時提醒 或更新。 This presentation contains forward-looking statements subject to significant risks and uncertainties. Actual results may differ significantly from those contained in the forward-looking statements. The forward-looking statements should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally.

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• 公司簡介 Company Briefing

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創立時間 / Founded

2008 年一月 / January 2008 台灣上市公司 ( 代碼 3669) / Publicly traded on Taiwan stock market (TWSE: 3669)

資本額 / Capital

台幣 9.29 億元 / US$ 30 million

總公司地點 / Head Office 員工人數 / Employees 專利數 / Patents 2018 年營收 / 2018 Revenue

台灣新北市 / New Taipei City, Taiwan 全球 510 員工 / 510 employees worldwide R&D 員工人數超過三分之一 / R&D staffs representing 30% of total workforce 超過 256 項專利 / Over 256 patents worldwide 台幣 21.10 億元 / US$ 68 million

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• 研發創新成就 Innovative Breakthroughs

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• 首創針對平板教學之 • 首創整合式 10 點視訊 • 首創多方會議使用的 • 首創 8 百萬像素 USB3.0 • • 首創透過 USB3.0 ，提供 先進的小型會議室和攝 . 影像捕捉、視訊串流 會議系統 協作軟體 . 傳輸 4K 影像實物攝影 4K Ultra HD 畫質的小 影鏡頭技術，創新全功 • • 方案的無線實物攝影 首創結合無線及有線 機 . 首創可串聯式平板電 型會議專用網路攝影機 能設計， 4K PTZ 和超優 機 . 傳輸的實物投影機 . . • • 、 腦充電同步櫃 首創遠距教學專用高 WebRTC 首創支援 質音效的視訊S oundbar . 、 、 畫質 HD 攝影機 . SIP H.323 Skype for • Released our first 獨家自動取景及自動追 Introduced our 10Revolutionized Business 等通訊協定的 wireless camera and 踨攝影技術，提供穩定 site embedded MCU collaboration Changed education 多點視訊會議系統 video streaming and new visualizer 的攝影品質. software for MCU with a 4K 8- solution for tablet First 4K USB huddle image transfer and introduced our megapixel visualizer Advanced huddle room . learning software for mobile room camera and VC mobile device and HD camera for and camera technology devices. educational system with WebRTC, charging cabinet. with an all-in-one video SIP, H.323, and Skype applications. soundbar and new for Business support. auto-framing and tracking technologies.

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• 創新獲獎紀錄 Recognition of Innovation

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• 全球銷售網路 A Global Presence

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台灣總公司
Taiwan Headquarters
12
+100
子 / 分公司及在地代表
銷售及服務國家
Branches & Local Reps. Countries with Sales & Services
亞太 APAC
美洲 MEA 台灣 , 日本 , 越南 , * 印尼 ,
歐中東非洲
the Americas 荷 , 法 , 西 , * 德 , * 英 * 南韓 , * 泰國
Taiwan, Japan, Vietnam, Indonesia,
The Netherlands, France, Spain,
美國 USA German, UK S. Korea, Malaysia, Thailand
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• local representatives

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• 全球行銷活動 Global Marketing

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• 事業與解決方案 Businesses and Solutions

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智慧產業解決方案
Smart Industry Solutions
高效能會議
Meeting
Effectiveness
、
中 大型會議室
視訊攝像機
通信協同軟體
Collaboration Software Medium to Large
Rooms Solution
視訊會議系統
Video 協同合作
Conferencing
Versatile
小型會議空間 Versatile
視訊 Soundbar CollColl aboratio n n
Huddle Room
小型會議室
Solution
視訊攝影機
Huddle & Small
Room Solution
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教育解決方案 Education Solutions

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實物
攝影機
自動追蹤
Visualizers
攝影機
互動式觸控螢幕
Interactive
Auto Tracking
Flat Panels
協同學習 Cameras
Collaborative
Learning 遠距教學
Distance
多元互動學習雲
AVer CaptiSphere 充電 Learning
車 / 櫃
8
Charge Carts & Cabinets
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World-Class Service 世界級的服務

圓展工廠座落於新北巿土城工業區，累積紮實的影像、鏡頭、 影音科技產品研發、製造經驗，提供世界級的品質和服務。 Our in-house factory is situated in New Taipei City, Taiwan. With years of manufacturing experience, we provide top quality products and services. 國際 認證 CERTIFIED ISO 9001 ISO 14001 OHSAS 18001 ICEQ QC 08000 ISO28000 ISO13485 RoHS WEEE ERP Sony Green Partner

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不僅是一個想法，
不只是一個產品，
它是一種藝術！
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Not Just An Idea
Not Just A Product
It’s an Art ！
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專業服務 : Offering Premium:

• ODM/OEM Services

• ODM/OEM 代工服務

• • 台灣製造品質

• • 10,000m² 工廠佔地

• Made In Taiwan Quality

• 10,000m² Production Space

• 3.5

• 導入工業 自動化 ， 引進工業人工智慧 Introduction of Industrie 3.5 Automation w/ A.I.

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• 公司治理 Corporate Governance

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台灣資訊揭露評鑑 A+ 等級
A+ Information Transparency
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• 2014 年，圓展為資訊揭露評鑑 A+ 等級公司

Rated A+ in 2014’s Taiwan Information Transparency Assessment

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公司治理評鑑名列 前 21~35%
Top 21~35% Corporate Governance
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• 2018 年臺灣證交所公司治理評鑑

Rated in 2018 by the Taiwan Stock Exchange

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天下企業公民中堅企業 Top 10
Top Ten Corporate Social Responsibility
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• 2013 年獲天下企業公民中堅企業第六名

Among mid-sized Taiwanese companies, rated by Commonwealth Magazine in 2013

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歷年合併營收與獲利 Consolidated Revenues and Profits

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(Unit: K-NTD)
2,400,000
2,109,636
2,000,000
1,953,813
1,899,480
1,622,087
1,600,000
1,200,000
1,030,583
800,000
400,000
126,378
44,069
46,066
(12,600)
0 (26,450)
2015 2016 2017 2018 2019H1
合併營業收入 稅後淨利
Consolidated Revenue Net Profit After Tax
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2019 上半年合併綜合損益表 2019 H1 Consolidated Income Statement

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2019上半年合併綜合損益表 2019 H1 Consolidated Income Statement
Q2 2019 Q1 2019 Q2 2018 營業收入淨額 (Net Sales Revenue) 565,907 464,676 580,053 (Unit: K-NTD)	QoQ% YoY% 22% -2%
營業毛利 (Gross Profit) 287,727 177,296 257,527	62% 12%
毛利率% (Gross Profit %) 51% 38% 44%	+3% +5%
營業費用 (Total Operating Expense) 247,403 234,673 235,340	5% 5%
營業淨利 (Net Operating Income) 40,324 (57,377) 22,187	* 82%
業外收支 (Non-Operating Gain and Loss) 11,386 (570) 4,348	* 162%
稅前淨利 (Net Income before Tax) 51,710 (57,947) 26,535	* 95%
所得稅費用 (Income Tax Expense) 6,226 137 4,782	4445% 30%
歸屬母公司業主之本期淨利 (Consolidated Net Income Attributed to Stockholders of the Company) 45,484 (58,084) 21,753	* 109%
基本每股盈餘(新台幣元) (Basic EPS, NTD Dollar) 0.49 $ ($0.63) 0.23 $

*Note ： Because the number change from negative to positive, the QoQ ratio is meaningless and ignored

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教育事業 Education Business

• 平板與筆電充電方案 Charging Solution

• 美國通路市占 20% Americas – AVer Leading With 20% in USA channel Sales

• ODM 另增加一主要 客戶 Win one ODM customer

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Equipped with Intelligent and Smart Cycle Charging Technology, AVer Charging Solutions not only manage your devices cables and cords, but automatically regulate charging to protect from overcharging and circuit overloads.

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• 實物攝影機 Document Camera

• 2018 年在美國市占率 27% 穩定位居領先地位 Americas – AVer Leading With 27% of Sales in 2018

• 全球首創 4K 無線實物攝影機 First 4K wireless document camera in worldwide

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無線
15
鵝頸設計 機械手臂
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USB
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Source: Future Source 2019
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• 全新互動式觸控螢幕 IFP

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通訊管理台

Communication & Management Console

電子白板

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Whiteboard
觸控螢幕
教室佈告欄
Touch Computer
Classroom Bulletin Board
IFP III – Integrated Classroom Experience
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觸控螢幕
Touch Computer
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螢幕分享 Screen Share

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• K-12 教育科技趨勢 Trend of EDU Tech

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AVerTouch - 教育雲技術的解決方案 AVerTouch, the solutions for cloud-based technologies

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使用 AVerTouch 軟體，教師學生不再擔心遺失重要文件。所有教學所需文件分享於共同網路上，加速 教師作業與學生學習。 With New AVerTouch software, teachers/students will no longer have to worry about losing important documents, All the documents necessary for teaching will be shared in the joint network, to facilitate the teachers’ tasks and the pupils learning. 17

• 產業未來 Our View to Future Education

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數位內容教學 Enabling e-learning 遠距教學管理 Cloud management and sharing 完全整合方案 Total Solution with classroom technology

Interactive Display Cloud and sharing Classroom Camera Charging Solution

2010

2022

2015

2018 18

智慧產業事業 Smart Industry Business

事業範圍 Business Coverage

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Cloudy
Video
Conferencing
Devices
All-in-one
Enterprise IFP
On-Premise
Video
Conferencing
Solutions for business
communication
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• 雲端視訊會議設備 Cloudy Video Conferencing Device

• 支持高清 , 全高清 , 及超高清視訊輸出 ,Support HD, FHD and 4K Video output

• 支持回聲消除 , 降低背景噪音等功能 , Support Echo cancellation, Noise reduction

• 搭載智能自動對焦功能 , With AI solution for auto-framing function  相容於各式雲端視訊會議平台 (compatible with Cloudy based Video Conferencing Service), like Skype for business, Zoom, BlueJeans, RingCentral, UNITE, Google Hangouts, U 會議 , V-cube, True conference. etc.

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4K 變焦視訊攝影機 視訊會議 Soundbar 4K 定焦視訊攝影機 雲端視訊會議專用設備 加值軟體
Video/Audio system for EZLive
4K optic-zoom Video Conferencing 4K Conferencing Cam
Conference Cam Soundbar Cloudy Video Conferencing
and Collaboration
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• 企業協作視訊會議白板 All-in-one Enterprise IFP

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• 具有 20 點同步觸控與 4K 高畫質顯示螢幕 , 4K Ultra HD panel with 20 points of touch

• 內建超高清攝影機與麥克風陣列 , Built in 4K Ultra HD camera and Beamforming mic

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• array

• Zoom 搭載 視訊會議軟體與微軟作業系統 , integrated with Zoom software and high powered Windows IoT pluggable PC module

• 視訊會議終端系統設備 On-Premise Video Conferencing

• 單點視訊會議終端機 , Point-to-point CODEC VC (endpoint)  多點視訊會議主機 , Multi-point CODEC VC (16 points MCU)  視訊會議加值行動協同軟體 , add-on mobile and collaborative s/w  支持 Skype for business 雲端通訊協定 , Support SFB communication protocol  支持視訊推播功能 , Support RTMP real time streaming feature

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單點終端機 多點主機 智慧型 行動視訊 視訊會議 螢幕分享
視訊會議 視訊會議 會議助理軟體 會議軟體 互動筆記軟體 軟體
End-point CODEC VC Multipoint CODEC VC VCAssist East Meetup Easy Draw ScreenShare
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• 未來趨勢與機會 (I) Total VC Trend and Opportunity

• The increasing market demand of conference camera

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 2023 年 USB 視訊會議攝影機市場預估可達美金 10 億元 The market size of USB conference room cams can reach US$1.07B in 2023

• 預估 2018-2023 USB 視訊會議攝影機的出貨量複合年均增長率可達 30.2% The 5 Year unit shipment CAGR of USB conference room cams will be 30.2%

Frost & Sullivan, “Global Video Conferencing Market Analysis, Forecast to 2023 “, January 2019

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未來趨勢與機會 (2) USBCAM Trend and Opportunity

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• Huddle room:  3 2 USBCAM 全球 千 百萬的小會議空間，布建會議設備的比例仍低 , 需求快速成長 的主因 There are currently 32.4 million huddle room spaces in offices worldwide

• but most contain little or no technology, Main force to drive USBCAM needs

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Frost & Sullivan, “Global Video Conferencing Market Analysis, Forecast to 2023 “, January 2019

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• 未來趨勢與機會 (3) CODEC Trend and Opportunity

• The opportunity of codec (On-Premise) in Asia  Codec 在未來全球出貨的複合年均增長率增加 2.0% Global unit shipments to increase at 2.0% CAGR

• 亞洲地區將佔整體營收的 44% Asia Pacific is the largest geography with 44% of total revenue

• Global Competition Status : 全球市場競爭趨於穩定

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EVC Series

Orbit Series SVC100/500

Wainhouse Research Market Survey, “2018 Standards-centric Group Video Conferencing Endpoints WW Market Sizing & 5-Year Forecast”, Analysts: Andrew H. Nilssen, April 2018

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• 未來趨勢與機會 (4) EIFP Trend and Opportunity

• The opportunity of EIFP(Enterprise Interactive Flat Panel)

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30%
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

• 預估未來 5 年企業協作視訊會議白板 的出貨量複合年均增長率可達 30% The 5 Year unit shipment CAGR of Corporate IFP will be 30%

• 預估在 2021 年 IFP 的數量將會超過電子白板的 5 倍

 預估在 2021 年 IFP 的數量將會超過電子白板的 5 倍 By 2021 IFP will be over five-times the volume of IWBs FutureSource, “QUARTER 1 2018 WORLD INTERACTIVE DISPLAYS”, May 2018

Q & A

AVer Information Inc. | www.aver.com