a step forward 2017 - atenassets.aten.com/webpage/shared/investor_relations/... · from investing...
TRANSCRIPT
Ver. 161118
TWSE 6277
A Step Forward
2017
Reading ATEN by Numbers
38
1.7K
Years of
Excellence
Employees
Worldwide
Global KVM Market Leader
# Best Taiwan Global Brand
500+ Patents Awarded
50%+ Gross Margin Rate
TOP35
Financial Highlight
3
In NT million YoY
Amount % Amount % %
Net Sales 4,936 100 4,888 100 1
COGS 1,968 40 2,038 42 -3
Gross Profit 2,967 60 2,850 58 4
Operating Expenses 2,028 41 1,966 40 3
Sales Expenses 1,043 21 1,002 21 4
Admin. Expenses 581 12 580 12 0
RD Expenses 404 8 384 8 5
Operating Profit 940 19 884 18 6
Non-Operating Income and Expenses 68 1 48 1.0 44
Net Income before Tax 1,008 20 932 19 8
Net Income 796 16 719 15 11
Net Income Attributable to the parent company 788 16 705 14 12
EPS(NT$) (After Tax) 6.60 - 5.90 - 12
Jan. ~ Dec. ’16 Jan. ~ Dec. ‘15
Note : Taiwan Consolidated Basis
Income Statement – From Jan.- Dec. 2016 YoY
4
In NT million YoY
Amount % Amount % %
Cash and Financial Assets 1,752 30 1,567 28 12Accounts Receivable 610 11 567 10 8Inventory 772 13 834 15 -7Other Current Assets 72 1 79 1 -9
Total Current Assets 3,207 56 3,046 55 5Property, Plant, and Equipment 2,027 35 2,058 37 -2Other Non-Current Assets 517 9 473 8 9Total Non-Current Assets 2,544 44 2,531 45 1
Total Assets 5,751 100 5,578 100 3Short-term Borrowings 652 11 597 11 9Accounts Payable 352 6 439 8 -20Other Current Liabilities 643 11 573 10 12
Total Current Liabilities 1,647 29 1,609 29 2Long-term Borrowings 48 1 68 1 -29Other Non-Current Liabilities 344 6 351 6 -2Total Non-Current Liabilities 393 7 419 8 -6
Total Liabilities 2,040 35 2,028 36 1Total Equity 3,710 65 3,550 64 5
Receivable turnover days 44 8.39 45 8.19
Inventory turnover days 149 2.45 138 2.64
Payable turnover days 73 4.98 75 4.86
Dec. ’16 Dec. ‘15
Balance Sheet – Dec. 2016 YoY
Note : Taiwan Consolidated Basis 5
In NT million Jan.~ Dec. ’ Jan.~ Dec. ‘
Amount AmountCash and cash equivalents at beginning of period 1,086 1,077From Operating 412 789
Net Profit before Tax 1,008 932Depreciation and Amortization 81 82Investment income under equity method -39 -30Financial assets held for trading -476 139Inventory 63 -126Other Operation Sources / (Uses) -224 -208
From Investing -63 -69Property, plant and equipment -61 -68Other Investing Sources / (Uses) -2 -2
From Financing -593 -723Short-Term Borrowings 56 45Long-Term Borrowings -17 -39Cash Dividend -634 -697Other Financing Sources / (Uses) 2 -32
Effect of exchange rate changes on cash and -47 13Cash and cash equivalents at end of period 795 1,086
Free Cash Flow 349 719
Cash Flow – From Jan.- Dec 2016 YoY
Note : Taiwan Consolidated Basis
6
Sales by Product Categories YoY
2016
IT Infrastructure
Access Management
Solution (Enterprise)
Professional
A/V Solution
18%
Others
18%
39%
25 %
IT Infrastructure
Access Management
Solution (SOHO/SMB)
857 895
837 891
1,277 1,238
1,917 1,912
0
1000
2000
3000
4000
5000
2015 2016 NT Million
7
Sales by Product Region YoY
1,073 1,098
1,527 1,451
2,198 2,302
0
1000
2000
3000
4000
5000
2015 2016
Asia 47%
America 29%
Europe 22%
2016
8
NT Million
Return On Equity
16.2%
23.7% 22.4% 20.3%
21.9%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
2012 2013 2014 2015 2016
9
Dividend Policy
4.03
6.2 6.37
5.9
6.6
3.3
5
5.7 5.2
5.8
2012 2013 2014 2015 2016
EPS
Cash Dividend
88% 88% 89% 81%
82%
10
57.4% 58.0% 58.8% 58.3% 60.1%
4.01
6.20 6.37 5.90
6.60
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
2012 2013 2014 2015 2016
Margin Rate EPS
Financial Performance
11
Core Competence
12
Extensive R&D Capabilities
Software
OS/FW Design
HW/ME/ID Design
IC/FPGA Design
User-Centered Design
Management
Software
We got the
know-how
Worldwide Presence
R&D / Manufacturing Canada R&D China R&D/Factory Taiwan R&D/Factory
Corporate Headquarters Taiwan
Asia-Pacific China Subsidiary Taiwan Subsidiary Japan Subsidiary Korea Subsidiary
Europe Belgium Subsidiary UK Subsidiary Russia Office Turkey Office
America US Subsidiary (CA) US Subsidiary (NJ)
Oceania ANZ Subsidiary
CANADA R&D
USA (CA)
USA (NJ)
RUSSIA
TURKEY
UK
BELGIUM
KOREA
JAPAN
TAIWAN HQ
TAIWAN FACTORY
CHINA
CHINA R&D
CHINA FACTORY
AUSTRALIA
TAIWAN R&D
TAIWAN
Localized
Service
Leading Technique World No. 1
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Easy centralized control
Effortlessly create custom video wall layouts
via an intuitive web GUI that centralizes
control
Seamless Switch
Less Than 0.5 sec.
Niche Advantage
Human to Device Ratio
：N Industry 4.0 Automation Trend
Customized Service
Remote, real-time monitoring of production lines with effortless
data sharing for easy management.
Cross Industry Solution
Green Energy Product
IT Infrastructure
Access Management
Solution
Pro-AV Solution
ATEN
Exclusive
16
ATEN Customer List
17
Shareholder
Expectations
Exceptional
ROE
Solid
Management
Team
Niche Market
Diversified
Strategy
Shareholder Expectations
18
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QA
We have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion
plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these
expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us.
We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risk,
uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forward-looking
statements. 20