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GEMTEK — Investor Presentation 2022
Mar 16, 2022
52434_rns_2022-03-16_c4d38354-ff23-4c2c-a79d-91801e700588.pdf
Investor Presentation
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Gemtek Technology
© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Product Breakdown By Revenue
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2020 PRODUCT BREAKDOWN BY REVENUE
Integrated product Connected home Infrastructure Module Others
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2%
55%
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2021 PRODUCT BREAKDOWN BY REVENUE
Integrated product Connected home Module Infrastructure others
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51%
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17%
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產品別兩年的比較，比例無太大差異
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以各產品別貢獻之營收來講，各產品別均有明顯的成長
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Market
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Europe
30-35%
America
45-50%
Asia
20-25%
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主要客戶為美系及歐系電信設備商
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2021 年底與美系軟體公司合作，拿下美系電信運營商客戶
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舊有歐系客戶拿到大型標案
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歐系電信設備商客戶進入成長期，多款產品 2022 年 MP
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Product Line
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xPON
5G / LTE
mmWave, Sub-6 CPE
Small Cell
Outdoor, 5G O-Ran
Car Electronics
DVR, mm Wave Radar, Car Tracker
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xPON
SFP/SFP+, SFU, HGU
DSL
xDSL, G.Fast
STB
IP-STB, Cable-STB, OTT Box
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Wi-Fi
AP, Router, IoT
Module
Wi-Fi, Motherboards, Graphics Card, SIP
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Gemtek’s innovative Wi-Fi solution
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6E
6E
2021 2022 2024
Since 4Q Since 1Q Since 1Q
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Global Sites
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Taiwan HQ
Plant Size: 19,975 m[2] Land Size: 29,915 m[2]
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Czech Republic
Land Size: 9,500 m[2] Plant Size: 5,200 m[2]
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Vietnam
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Plant Size: 26,000 m[2] Land Size: 36,000 m[2]
China CS
Plant Size: 41,000 m[2] Land Size: 152,000 m[2]
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China KS
Plant Size: 30,660 m[2] Land Area: 14,000 m[2]
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Manufacturing Capacity
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Hsinchu, Taiwan Ha Nam, Vietnam Kunshan & Changshu, China Capacity ≈12% ≈38% ≈ 50% (by product) Capacity ≈ 5% ≈ 45% ≈ 50% (by revenue)
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
Global Sites
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Global Sites
| GMQ | GMK | GMC | GMV | GCZ | |
|---|---|---|---|---|---|
| (TW) | (CN) | (CN) | (VN) | (Czech) | |
| Est. | 1988 | 2004 | 2009 | 2019 | 2009 |
| Employees | 1000 | 1300 | 1000 | 1300 | 300 |
| SMT | 5 | 13 | 9 | 9 | - |
| DIP | 1 | 6 | 4 | 4 | - |
| Test/ Assembly | 3 | 28 | 16 | 17 | 4 |
| Packing | 1 | 6 | 5 | 6 | - |
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Key Technology Focus
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Fiber
Wireless Telecom
Wi-Fi
Fixed Broadband
Wi-Fi 5 IEEE802.11ac
NGPON2 / 25G PON / 50G PON
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4G/5G Technology Device One Stop Shopping - IDU, ODU, Dongle, Tracker, Module
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LPWAN
IOT
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WAN - 600Mbps +
Wi-Fi 5
WAN – 300Mbps
Gb LAN
Wi-Fi 5
WAN – 150Mbps VoLTE
Gb LAN
Wi-Fi 4
VoLTE/CS Voice
FE LAN
VoLTE/CS Voice
LTE LTE Adv LTE Adv Pro
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WAN – 1Gbps +
Wi-Fi 6
Multi-Giga LAN
VoNR / VoLTE
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5G NR
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Gemtek 5G End to End Total Solution
Enterprise Private core network
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Gemtek NSA developing
Gemtek CBRS ng-eNB Gemtek SA gNB
HW platform (B3+N78)
Support SAS client function developing
FCC Certification Passed HW platform
Compatible to 5G SA core (n78)
Cat 12/18 Indoor CPE 5G Sub-6 CPE Local 5G IOT Gateway Cat 12/18 Outdoor CPE 5G mmWave CPE
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FWA
5G Indoor Platform ( Sub-6GHz only )
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802.11 802.11ax
5G NR
b/g/n
VoLTE VoIP VoNR
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802.11 802.11ac
LTE-A Pro
b/g/n
VoLTE VoIP
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5G outdoor CPE
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5G NR LTE-A Pro
5G NR LTE-A Pro
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LTE-A Pro GNSS
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Open-RAN Product Solution
5G Open RAN
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5GC
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O-DU+O-CU
O-RU
25G Fiber /eCPRI
A split RAN with RU, BBU (DU/CU)
Gemtek Compact 5GC
O-CU
10G Fiber
O-RU+O-DU A split RAN with integrated RU/DU, CU
All-In-One gNB
An all integrated RAN with disaggregation at SW and HW level
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Continue Trending Up
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Revenue
25000000
22.83B
20000000
19.93B
18.06B
17.33B
15000000
13.58B
10000000
5000000
0
2017 2018 2019 2020 2021
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2021 Revenue : YoY+14.81%
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Consolidated Comprehensive Income (IFRS)
| In NTD (thousand) | 1Q-3Q 2021 | 1Q-3Q 2020 |
|---|---|---|
| Operating Revenue | 17,302,318 | 15,040,706 |
| Gross Profit | 1,586,274 | 1,729,702 |
| Operating Expenses | 1,224,544 | 1,349,577 |
| Operating Income | 361,730 | 380,125 |
| Non-Operating Income and Expenses |
123,646 | 1,075,967 |
| Net Income | 410,512 | 1,298,764 |
| Net Income Rate | 2.37% | 8.63% |
| Basic EPS（NTD） | 1.14 | 3.55 |
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Top US broadband providers surpass 100 Million subscribers
| Wireline Phone Companies Subscribers at end of 2Q 2021 Net Adds in 2Q 2021 AT&T 15,481,000 46,000 Verizon 7,263,000 70,000 CenturyLink/Lumen 4,666,000 -62,000 Frontier^ 2,798,000 -22,000 Windstream 1,131,800 9,500 TDS 513,600 11,900 Cincinnati Bell 437,800 200 Consolidated^^ 393,480 -4,522 Total Top Telco 32,684,680 49,078 |
Cable Companies Subscribers at end of 2Q 2021 Net Adds in 2Q 2021 |
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| Comcast 31,388,000 354,000 |
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| Charter 29,634,000 400,000 |
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| Cox* 5,485,000 50,000 |
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| Altice** 4,401,300 200 |
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| Mediacom 1,468,000 14,000 |
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| Cable One** 1,017,000 14,000 |
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| WOW (WideOpenWest) 826,300 3,400 |
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| Atlantic Broadband 517,851 6,847 |
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| Total Top Cable 74,737,451 842,447 |
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^ In 2Q 2021, Frontier no longer included wholesale subscribers
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^^ In 2Q 2021, Consolidated began reporting only residential subscribers
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LRG (Leichtman Research Group) estimate
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** Includes recent acquisitions and LRG pro forma estimates of net adds
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Challenge & Opportunity
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Challenge
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Worsen Condition of Electricity China Restriction Material COVID 19 Manufacturing Tariff Currency Risk In China Shortage
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Opportunity – Clean Network Program
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Clean Carriers
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Clean App Stores
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Clean Apps (Exclude TikTok, WeChat, etc.)
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Clean Cloud
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Clean Cable (Exclude Hong Kong. Connect Taiwan and the Philippines)
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– Opportunity Biden government’s $1.2 trillion USD Infrastructure bill
$65 billion USD will be used to improve States’s internet equipment
Airports ports and waterways 27%
Roads and Bridges 6.5%
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Broadband upgrade 45%
Transit and Rail 25%
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Opportunity – New Technology
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LEO
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Fiber
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Opportunity - Transfer Order Effect
Gemtek Can Do
The Orders place in China product line
Transfer
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Shipment / Manufacture outside of China.
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• Highly customize production
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Orders from Big EMS company
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary
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Q & A
Founder & executive broader Dr. Young
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© 2021 Gemtek Technology Co., Ltd – Confidential & Proprietary