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G.M.I Investor Presentation 2021
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GMI Techonology
2021 Third Quarter Earnings Conference
GMI Technology Inc. （3312） Q3 Results
Date: 2021/11/26
Manager Office Operator?Head of sales
CEO
CFO
Peggy Yeh
Mana Chiang
Ivan Liu
Jason Lin
Notes:
Safe Harbor Notice
GMI’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.
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.
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Notes:
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2
Financials
Company Profile
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4
Operation Overview
Q&A
Outline
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Notes:
Company Profile
12 Operating locations across China, HK and Taiwan
Listed in Taiwan since 2010,
Ticker 3312 TT
Over 190 employee
Company introduction
Founded in 1995
Capital NTD 1.376 Billion
Based in Taipei
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2
Financials
2021 Q3 Results
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Notes:
Financial - Consolidated Revenue
(In NT$ thousands)
QoQ + 4.68%
YoY + 40.98%
YoY + 36.58%
Chart
| Category | |
|---|---|
| 3Q20 | 3638008.0 |
| 2Q21 | 4746302.0 |
| 3Q21 | 4968643.0 |
Chart
| Category | 營收 |
|---|---|
| Ytd 20 | 9796267.0 |
| Ytd 21 | 13810721.0 |
| 6 |
Notes:
Financial - Gross Margin
QoQ + 0.49pt
YoY+ 1.7pt
YoY + 1.25pt
Chart
| Category | |
|---|---|
| 3Q20 | 0.047811604592403315 |
| 2Q21 | 0.05991970169618368 |
| 3Q21 | 0.0647923386727523 |
Chart
| Category | 毛利率 |
|---|---|
| Ytd 20 | 0.04591830745323704 |
| Ytd 21 | 0.05841954232512553 |
Notes:
Financial - Consolidated Earnings Per Share
(In NT$ )
QoQ + 0.24
YoY + 0.71
YoY + 1.62
Chart
| Category | |
|---|---|
| 3Q20 | 0.47 |
| 2Q21 | 0.94 |
| 3Q21 | 1.18 |
Chart
| Category | EPS |
|---|---|
| Ytd 20 | 0.89 |
| Ytd 21 | 2.51 |
Financial - Consolidated Income Statement - Quarterly
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Financial - Consolidated Income Statement - Yearly
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Financial - Consolidated Balance Sheet
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3
Operation overview
Outlook
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Notes:
Outlook - Strategic Partners
Outlook - New Product Agent
Starmems Semiconductor Corp.
NTD 200 Million
Founded in April, 2021
PC manufacturer Compal Electronics, Inc joint venture with Realtek semiconductor and co-founded IC design house Starmems Semiconductor Corp.
Starmems business include mems microphones, Voice Recognition Interface on PC, smartphone, TWS, Industrial Control Solution, Data Center Solution and Surveillance Solutions.
Bluetooth audio, wearable, Lavalier microphone, Gamepad, Personal Computer, Tablet, Multimedia player.
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Notes:
Outlook - Automobile
Outlook - Automotive
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Notes:
Outlook - Personal sound amplification products (PSAPs)
A Client:
Mold Complete,
1. Synchronize test(5PCS)
2. Trial production Volume: 500
D Client:
Mass Production
Volume: 500
Under Promotion among customers.
B Client:
1. Satisfied with PSAP Quality.
2. Will launch APP soon.
E Client:?Version3.0 under
PCBA Test
C Client:?Existing Mold
1. Under synchronize test(10PCS)
Second phase plan : Develop PSAPs APP’
1) PSAPs & Hearing-Aid test, Audiometer & Amplify Algorithm
2) AI PSAPs. The device could automatically determine PSAPs level by background sound.
Auto-upgrade function.
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Notes:
Outlook - New Product Applications
Zbit: Advanced manufacture process of Nor Flash 50nm has provided 11 million shipment in 2021.
PHYPLUS MICROELECTRONICS LIMITED: BLE related function is applied to large scale projects.
Automotive Ethernet is applied to world famous automobile companies and will be mass produced in 2022.
APEC: Product is applied to NB Company. APEC has shipped 6.5 million shipment since June 2021. ?APEC will be mass produced in 2H/2022.
Personal sound amplification products (PSAPs):Entry Level product is under production. Develop deep learning and Audiometer Algorithm.
Third generation TWS: ANC client is under mass production. Start to launch fourth generation LE Audio design project.
WIFI-6 end customer has entered mass production. WIFI-6 has shipped 2 million shipment in 2021.
2.5 Gigabyte wired internet has shipped 2.5 million shipment in 2021.
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Notes:
Outlook - Main sales
Operator and Open-bid market
IPTV/AP Router/XPON/XDSL/IP-CAM
3Q21 Sales $32-34M account for 18~20% of total revenue
46% YoY Sales
Laptop and Desktop
3Q21 Sales $35-37M account for 20~22% of total revenue
60% YoY Sales
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Outlook - 2021 Overview
Outlook - Overall Assessment in 2021
Partial product volume is under decline. (IOT, Bluetooth, SSD)
Wireless → Among open-bid market,11AC & WiFi6 demand remain strong. Partial 11N demand is fulfilled by supply chain from China.
Ethernet→ Fast Ethernet, Gigabit Ethernet, 2.5GbE demand over supply imbalance trend is likely to continue in 4Q21.
Computer and peripheral application→ Main product demand remain strong. Demand/supply imbalance is slightly getting better in some product.
Automobile → Many Tier-1 product is under mass production. GMI is expecting sales growth in the automobile sector.
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Q&A
弘憶國際股份有限公司（3312）
http://www.gmitec.com
THANK YOU!
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