Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

D-LINK Interim / Quarterly Report 2021

Aug 11, 2021

52012_rns_2021-08-11_734f3473-b65f-4581-87b9-4cd96ab647e0.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

2Q21 Investor Conference

2021/8/11

==> picture [81 x 17] intentionally omitted <==

Safe Harbor Statement

• D-Link’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements, including the cyclical nature of our industry, our ability to compete effectively general economic and political conditions, demand in end market, impact of competitive products and pricing, exchange rate fluctuations, and other risks beyond the control of the Company.

  • Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Agenda

  • Company Brief

  • Financial Results

  • Awards & Global Recognition

  • Market Update

  • Q&A

Company Brief

D-Link At a Glance

Who We Are

Established in 1986 , one of the world‘s leading networking companies

Performance

2020 Revenue NTD 15.18 billion

Staff

Over 2,100 employees around the world. Approximately 500 employees in R&D

Business Segments Consumer / Enterprise / Carrier

Global Presence

==> picture [411 x 211] intentionally omitted <==

Over 127 local sales offices in 56+ countries. 20 Regional warehouses in 15 countries. Over 50 RMA repair centers around the globe.

  • Consumer

  • Enterprise

  • Carrier

Product Innovations

Enterprise Solutions

Switch

==> picture [231 x 203] intentionally omitted <==

==> picture [42 x 38] intentionally omitted <==

==> picture [56 x 35] intentionally omitted <==

==> picture [69 x 32] intentionally omitted <==

Fixed Dome Fixed Network Unified Wireless Cameras Cameras Controllers Managed Wireless VPN Switches APs Routers

==> picture [92 x 37] intentionally omitted <==

==> picture [92 x 37] intentionally omitted <==

Product Innovations

Wireless & IoT

==> picture [53 x 52] intentionally omitted <==

==> picture [46 x 53] intentionally omitted <==

Surveillance IoT Cameras Camera

==> picture [54 x 52] intentionally omitted <==

==> picture [77 x 40] intentionally omitted <==

Routers

Product Innovations Mobile & Broadband

Technologies Applications

==> picture [128 x 21] intentionally omitted <==

==> picture [34 x 22] intentionally omitted <==

==> picture [33 x 21] intentionally omitted <==

==> picture [96 x 23] intentionally omitted <==

==> picture [114 x 22] intentionally omitted <==

==> picture [94 x 22] intentionally omitted <==

==> picture [54 x 22] intentionally omitted <==

Infrastructure Management

==> picture [348 x 59] intentionally omitted <==

Network Architecture

==> picture [300 x 83] intentionally omitted <==

Financial Results

2Q21 Income Statement – QoQ/YoY Comparison

Quaterly Results
YTD Results		 Quaterly Results
YTD Results
NT$M
2Q20
1Q21
2Q21
QoQ %
YoY %
YT 2Q20
YT 2Q21
YoY %
Net Sales
3,192
3,898
3,369
-13.6
5.5
6,863
7,267
5.9
Gross Profit
1,031
1,232
945
-23.3
-8.3
2,112
2,178
3.1
OperatingExpenses
1,129
1,100
1,045
-5.0
-7.4
2,264
2,146
-5.2
Operating In
Total Non-Op
Income Befor		 come
-98
132
-100
-175.8
-2.0
-152
32
121.1
. Inc. (Loss)
151
-19
-72
-278.9
-147.7
193
-91
-147.2
e Tax
53
113
-172
-252.2
-424.5
41
-59
-243.9
Net Income
Non-controllin
Net Income A		 23
84
-206
-345.2
-995.7
-16
-122
-662.5
g Interests
28
23
13
-43.5
-53.6
37
36
-2.7
ttributable to Parent
-5
61
-219
-459.0
-4280.0
-53
-158
-198.1
EPS (NT$) -0.01
0.09
-0.34
-0.08
-0.24

Outstandingshares(mn)
652
652
652
652
652
Gross Profit % (GP %)
32.3%
31.6%
28.1%
30.8%
30.0%
Operating Expenses % (OPEX %)
35.4%
28.2%
31.0%
33.0%
29.5%
Operating Margin % (OPM %)
-3.1%
3.4%
-3.0%
-2.2%
0.4%
Net Income % (NI %)
-0.2%
1.6%
-6.5%
-0.8%
-2.2%
Return on Equity (ROE)
-0.6%
-1.7%
Gross Profit
Operating Ex
Operating Ma
Net Income %
Return on Eq

2Q21 Balance Sheet – QoQ/YoY Comparison

Quaterly Results Quaterly Results
NT$M
2Q20
1Q21
2Q21
QoQ %
YoY %
Cash & S-T Investment
3,457
5,088
4,503
(11.5)
30.3
Account Receivable
2,993
3,117
2,946
(5.5)
(1.6)
Inventory
2,358
2,526
3,180
25.9
34.9
Other Current Assets
511
643
704
9.5
37.8
Non-current Assets
5,131
4,197
4,153
(1.0)
(19.1)
Total Assets
14,450
15,571
15,486
(0.5)
7.2


Accounts Payable
2,557
2,586
2,795
8.1
9.3
Other Current Liabilities
2,394
2,350
2,361
0.5
(1.4)
Non-current Liabilities
857
841
895
6.4
4.4
Total Liabilities
5,808
5,777
6,051
4.7
4.2
Total Shareholders' Equity
8,642
9,794
9,435
(3.7)
9.2
Book Value Per Share
12.6
14.2
13.7
Current Ratio
188.2%
230.4%
219.8%
Debt/Asset Ratio
40.2%
37.1%
39.1%
Cash Conversion Cycle
116
85
97

Product Mix

==> picture [684 x 284] intentionally omitted <==

----- Start of picture text -----

Switch & Security Wireless & IoT Mobile & Broadband Others Total
7,267
6,863
(NT$M) 2,855
2,502
4,161 4,155 3,898
QoQ -13.6%
3,192 3,369 YoY +5.9%
1,619 1,578 1,454 YoY +5.5% 2,292 1,911
1,027 1,401
1,391 1,332 1,090 1,131
1,181 821 1,000
559 425 532 619 542 703 593 761 538 609 1,069 1,370
2Q20 3Q20 4Q20 1Q21 2Q21 YT 2Q20 YT 2Q21
32% 39% 38% 37% 42% 36% 39%
37% 33% 32% 28% 24% 33% 26%
18% 13% 13% 15% 16% 15% 16%
13% 15% 17% 20% 18% 16% 19%
2Q20 3Q20 4Q20 1Q21 2Q21 YT 2Q20 YT 2Q21
----- End of picture text -----

Sales by Region

==> picture [690 x 295] intentionally omitted <==

----- Start of picture text -----

America Europe APAC & Others Total
7,267
6,863
803
1,040
(NT$M)
2,465
4,161 4,155 2,020
3,898 QoQ -13.6% YoY +5.9%
3,192 640 534 390 3,369
413 YoY +5.5%
558 1,320 1,406 1,315
880 1,150
3,803 3,999
2,201 2,215 2,193
1,754 1,806
2Q20 3Q20 4Q20 1Q21 2Q21 YT 2Q20 YT 2Q21
17% 15% 13% 10% 12% 15% 11%
28% 32% 34% 34% 34% 29% 34%
55% 53% 53% 56% 54% 55% 55%
2Q20 3Q20 4Q20 1Q21 2Q21 YT 2Q20 YT 2Q21
----- End of picture text -----

Awards & Global Recognition

==> picture [720 x 406] intentionally omitted <==

----- Start of picture text -----

Awards & Recognition
----- End of picture text -----

Awards & Recognition

Market Update

• Optimization

The EAGLE PRO AI engine automatically keeps you on the optimal channel

  • Improvement

Mesh nodes collaborate with each other to optimize network traffic

• Connectivity

The EAGLE PRO AI app provides notifications and usage reports to help you manage your network more efficiently

  • Expandable

The EAGLE PRO AI series can scale to any size home for dead zone free Wi-Fi coverage

Product Strategy

==> picture [91 x 85] intentionally omitted <==

==> picture [126 x 48] intentionally omitted <==

----- Start of picture text -----

AI
----- End of picture text -----

In this new era, more and more devices and clients being connected to internet via Wi-Fi router or extender at home. To well offer solution to it, D-Link devotes itself to apply AI skills into the products in the future to automatically optimize Wi-Fi network for users to enjoy all the internet applications easily without pain.

==> picture [68 x 68] intentionally omitted <==

==> picture [126 x 48] intentionally omitted <==

----- Start of picture text -----

Green
----- End of picture text -----

Innovation is key to our success in utilizing D-Link Green Technology across several platforms. D-Link Green Technology can save up to 66% of the power used for each Internet system. D- Link Green also adopts a green approach for our packaging objectives: Use of ecofriendly packaging material - without sacrificing looks and quality.

==> picture [105 x 83] intentionally omitted <==

MIT

D-Link has been marketing the world under the "D-Link" brand and been committed to bringing the spirit of MIT to its fullest. Our products are made in Taiwan which emphasize the advantages of MIT such as high quality, high reliability, high cost-performance and no worry to be detected.

Q & A

Website : http://ir.dlink.com.tw

Email: [email protected]

Appendix

Consolidated Income Statement

Yearly Results
Quaterly Results
YTD Results		 Yearly Results
Quaterly Results
YTD Results
NT$M
2019
2020
YoY %
2Q20
3Q20
4Q20
1Q21
2Q21
QoQ %
YoY %
YT 2Q20
YT 2Q21
YoY %
Net Sales
16,996
15,179
-10.7
3,192
4,161
4,155
3,898
3,369
-13.6
5.5
6,863
7,267
5.9
Gross Profit
4,740
4,775
0.7
1,031
1,361
1,302
1,232
945
-23.3
-8.3
2,112
2,178
3.1
OperatingExpenses
5,125
4,695
-8.4
1,129
1,160
1,271
1,100
1,045
-5.0
-7.4
2,264
2,146
-5.2
Operating Income
Total Non-Op. Inc. (Loss)
Income Before Tax		 -385
80
120.8
-98
201
31
132
-100
-175.8
-2.0
-152
32
121.1
95
1,417
1391.6
151
144
1,079
-19
-72
-278.9
-147.7
193
-91
-147.2
-290
1,497
616.2
53
345
1,110
113
-172
-252.2
-424.5
41
-59
-243.9
Net Income
Non-controlling Interests
Net Income Attributable to P		 -442
1,311
396.6
23
321
1,006
84
-206
-345.2
-995.7
-16
-122
-662.5
66
71
7.6
28
18
16
23
13
-43.5
-53.6
37
36
-2.7
arent
-508
1,240
344.1
-5
303
990
61
-219
-459.0
-4280.0
-53
-158
-198.1
EPS (NT$)
Outstandingshares(mn)		 -0.78
1.90
0.0
-0.01
0.46
1.52
0.09
-0.34
-0.08
-0.24
652
652
652
652
652
652
652
Gross Profit % (GP %)
27.9%
31.5%
32.3%
32.7%
31.3%
31.6%
28.1%
30.8%
30.0%
Operating Expenses % (OPEX %)
30.1%
30.9%
35.4%
27.9%
30.6%
28.2%
31.0%
33.0%
29.5%
Operating Margin % (OPM %)
-2.3%
0.5%
-3.1%
4.8%
0.7%
3.4%
-3.0%
-2.2%
0.4%
Net Income % (NI %)
-3.0%
8.2%
-0.2%
7.3%
23.8%
1.6%
-6.5%
-0.8%
-2.2%
Return on Equity (ROE)
-5.5%
13.3%
-0.6%
-1.7%

Net Income % (NI %)
Return on Equity (ROE)

Consolidated Balance Sheet

Yearly Results
Quaterly Results
YTD Results		 Yearly Results
Quaterly Results
YTD Results
NT$M
2019
2020
YoY %
2Q20
3Q20
4Q20
1Q21
2Q21
QoQ %
YoY %
YT 2Q20
YT 2Q21
YoY %
Cash & S-T Investment
3,212
6,455
101.0
3,457
3,815
6,455
5,088
4,503
(11.5)
30.3
3,457
4,503
30.3
Account Receivable
3,585
3,064
(14.5)
2,993
3,241
3,064
3,117
2,946
(5.5)
(1.6)
2,993
2,946
(1.6)
Inventory
2,837
2,443
(13.9)
2,358
2,238
2,443
2,526
3,180
25.9
34.9
2,358
3,180
34.9
Other Current Assets
527
590
12.0
511
606
590
643
704
9.5
37.8
511
704
37.8
Non-current Assets
5,550
3,398
(38.8)
5,131
4,947
3,398
4,197
4,153
(1.0)
(19.1)
5,131
4,153
(19.1)
Total Assets
Accounts Payable
Other Current Liabilities
Non-current Liabilities
Total Liabilities		 15,711
15,950
1.5
14,450
14,847
15,950
15,571
15,486
(0.5)
7.2
14,450
15,486
7.2
2,913
2,744
(5.8)
2,557
2,684
2,744
2,586
2,795
8.1
9.3
2,557
2,795
9.3
3,025
2,602
(14.0)
2,394
2,551
2,602
2,350
2,361
0.5
(1.4)
2,394
2,361
(1.4)
847
864
2.0
857
870
864
841
895
6.4
4.4
857
895
4.4
6,785
6,210
(8.5)
5,808
6,105
6,210
5,777
6,051
4.7
4.2
5,808
6,051
4.2
Total Shareholders' Equit y
8,926
9,740
9.1
8,642
8,742
9,740
9,794
9,435
(3.7)
9.2
8,642
9,435
9.2
Book Value Per Share
13.0
14.2
12.6
12.7
14.2
14.2
13.7
12.6
13.7
Current Ratio
171.1%
234.8%
188.2%
189.1%
234.8%
230.4%
219.8%
188.2%
219.8%
Debt/Asset Ratio
43.2%
38.9%
40.2%
41.1%
38.9%
37.1%
39.1%
40.2%
39.1%
Cash Conversion Cycle
110
101
116
105
101
85
97
116
97
Debt/Asset Ratio
Cash Conversion Cycle

Sales Breakdown

==> picture [698 x 228] intentionally omitted <==

More from D-LINK

Regulatory Filings 2026
Jun 10
Regulatory Filings 2026
Jun 10
Director's Dealing 2026
Jun 9
Director's Dealing 2026
Jun 9
Governance Information 2026
Jun 9
AGM Information 2026
Jun 9
Annual Report 2026
Jun 9
Annual Report 2026
Jun 9
Major Shareholding Notification 2026
Jun 9
Share Issue/Capital Change 2026
Jun 8
View all filings →