DASAN Networks IR Presentation FY Q

Transcription

1 DASAN Networks IR Presentation FY Q

2 Contents 1. Business Highlight 2. Shareholders P.3 P.4 History of corporate name, business area, corporate governance, affiliated company Shareholders composition during the past five years, major stockholder of 5% and above, increase and decrease of treasury shares, profits attribution to shareholders 3. Organization 4. Product and Solution 5. Business Composition 6. Subsidiaries P.5 P.6 P.8 P.9 Corporate governance, affiliated company and organization structure map Business area and product solution of DASAN Networks and affiliated company Sales status by product and market Business area and product solution of subsidiaries 7. Overall Performance P.10 The progress of business performance and financial affairs during the past five years 8. Overseas Business P.13 Global location & Customer & Partners 9. VISION P.14 Mid- to long-term vision

3 1. Business Highlight Maintenance of the NO.1 provider position in the domestic network equipment market since its foundation Entrance of the global market in Japan, USA, China etc. and diversification drive since 2009 Foundation / Localization of Networks equipment (1993 ~ 2003) No1 Provider in the domestic market (2004 ~ 2008) Globalization & Diversification (since 2009) (1993) DASAN Engineering Co. Ltd. Founded (1995) DASAN R&D Center established (1998) Developed Frame Relay Router & AICPS (1999) Corporate name changed (DASAN Engineering DASAN Internet) (2000) Launched new series of Ethernet switch & xdsl solution World first commercial based Linux Router Listed to KOSDAQ (2001) Launched Metro Ethernet solution Released L2 Switch (2002) Corporate name changed (DASAN Internet DASAN Networks) Released L3 Metro Ethernet Switch (2003) Released VDSL IP-DSLAM (2004) Investment from Siemens AG Biggest shareholder changed (Mr. Nam Min Woo SIEMENS) (2005) Released ADSL2 IP-DSLAM to global market (2006) Headquarter relocated (2007) No. 1 E-PON provider to KT No. 1 IP-STB provider to KT Biggest shareholder changed (SIEMENS Nokia Siemens Networks) (2008) Biggest shareholder changed (Nokia Siemens Networks DASAN Invest) Acquired by DASAN TPS Provided G-PON to SKB No.1 IP phone provider of Samsung Networks (2009) Provided G-PON to BSNL, India Provided Mobile Backhaul solution to SBB, Japan (2010) Acquired 86% share of DASAN RND Acquired 51% share of EPWORKS USA branch founded (2006) Provided 4G LTE Access solution to LGU+ Acquired 100% share of Handysoft Handysoft was merged into DASAN SMC Cancellation of shares :,000 shares Headquarter relocated (DASAN Tower) (2012) Provided OTT BOX to NTT West Acquired 75.08% share of DMC (2013) Selected as the Supplier of Chunghwa Telecom & Taipo in Taiwan(G-PON) Released SKB Smart Set Top Box(B-Box) Acquired 43.5% share of DYTS (2014) Provided FTTH solution to Viettel in Vietnam (2015) DASAN Network Solutions, Inc. established (captive spin-off) Acquired 27.21% share of Solueta 3

4 2. Shareholders Portion of institutional investor (the end of % the end of % the end of % the end of % the end of % the end of % ) Shareholder composition during the past five years Major shareholder ( Q) Shareholder No. of Stock Ratio DASAN Invest, Inc. (controlled by Mr. Nam) 4,104, % 32.7% 32.7% 43.6% 37.5% 45.4% Individual Mr. Nam Min Woo (CEO of DASAN Networks & DASAN Invest) 885, % Treasury shares 2,301, % 10.3% 13.5% 18.5% 25.0% % 23.1% 17.3% 22.0% 2.6% 21.5% 10.0% 2.7% 4.4% 4.4% 4.4% 4.4% 26.2% 26.2% 26.1% 26.1% Y 2010 Y 2011 Y 2012 Y 2013 Y Foreigner Domestic institutional investor Treasury shares Largest shareholder Shinyoung Asset Management 2,372, % Natioanl Pension Service 758, % Etc. 9,539, % Total 19,962, % Acquisition and cancelled treasury shares - Merger with DASAN TPS and the consequential treasury shares acquisition (Y2008, 2,782,000 share) Profits attribution to shareholders - Cancellation of,000 shares (Jun, 2011) - Earned surplus : 31.4billion (as of the end of 2011) (In benefit, expectation of dividend policy in consideration) 4

5 3. Organization Diversification of overseas customer through USA branch founded in 2010, China branch founded in 2012 (State of subsidiary and affiliated companies) (DASAN Networks & DASAN Network Solutions ) 4.4% Biggest shareholder (Mr. Nam Min Woo) 100.0% ( Q) DASAN Networks (Mr. Nam Min Woo) 20.6% DASAN Invest 100.0% DASAN Networks DMC (35.5%) DASAN Network Solutions, USA (Mr. Nam Min Woo) DASAN Network Solutions,USA (100.0%) DASAN Network Solutions (100%) D-Mobile(100%) Solueta (27.2%) Handysoft (25.6%) 39.0% 100.0% DASAN Network Solutions, Korea (Mr. Yoo Chun Yeol) DMC (45.5%) DTS (81.6%) J-Mobile (45.0%) SPA CondorDASAN (30.0%) ( Global Network ) PANDA Media (90.0%) Subsidiaries Affiliated Companies DASAN Networks USA DASAN Networks Japan DASAN Networks China (Xian, Shenzhen) Taiwan liaison office Headquarter(Pangyo) India[ODC] Vietnam[ODC] Distribution Center (Janghowon) 5

6 4. Product and Solution Customer Access Edge Core ONT 1:64 GPON OLT Carrier GPON 10G OLT (MSAN) ONT EPON ONT 1:32 EPON OLT Enterp rise Wireless AP Wireless AP office Access Switch Edge Switch Back bone Police Station school AC Access Switch Mobile Core Wirele ss LAN Ethernet RRH Wireless Access Mobile Backhaul Metro Mobile Backhaul IP-PTT 6

7 4. Product and Solution Carrier Solutions FTTH Mobile Backhaul Ethernet Switches GPON EPON XG-PON MSAN Aggregation Router L2 Switch L3 Switch Access Router Enterprise Solutions Security Switches Wi-Fi Push-to-talk L2 Switch L3 Switch Access Point (AP) Access Point Controller (AC) IP-PTT (Push-to-talk) 7

8 5. Business Composition Diversification of overseas customers and improvement of profitability through product mix of Ethernet switch and OLT/ONUs for FTTx applications Sales status by product Sales status by Market NETWORK TPS & Wi-Fi Domestic Overseas Ethernet Switch OTT BOX KT JAPAN FTTX Android Series Tablet SKB NSN etc. Mobile IP Phone / Wi-Fi Phone LGU USA Mobile Backhaul Solution Wi-Fi AP, AC Enterprise CHINA IP - DSLAM Others Others Sales segment (2015.3Q) Sales segment (2015.3Q) FTTX (27%) Others (23%) Ethernet Switch (50%) Enterprise (9%) LGU (22%) Others (7%) export (23%) SKB (9%) KT (30%) 8

9 6. Subsidiaries Upstream business strategy and supply of network equipment in close cooperation with the affiliated company Internal Diversification including, but not limited to, automotive parts, and automated solutions subsidiary affiliated companies DMC [45.5%] Solueta [27.2%] Automobile rubber parts production Electromagnetic wave shielding (EMI/EMC) material solution IoT Platform DTS Handysoft [81.6%] ACC (Air Cooled Vacuum Condenser) Combined Cycle Power Plant AFC (Air Fin Cooler) Petrochemical plant RADIATOR [25.6%] Cooperative work S/W Solution Network Solution 9

10 7. Overall Performance [non-consolidated] 2013 Turn into surplus in net profit Healthy cash flow and stable financial structure Sales Assets / Cash 2,000 1,939 1,306 1,227 Export 43% 43% 30% 1,549 1,308 40% 33% 2,000 억 억 2, , , , ,283 Total assets Cash Operating Profit Liabilities (debt ration) / Borrowing , Total debt % % % % % 534 Borrowing

11 7. Overall Performance [consolidated] Sales Assets / Cash 2,000 1,339 1,427 1,640 2,000 2,136 2,410 2,590 Total assets Cash Operating Profit Liabilities (debt ration) / Borrowing ,026 74% 588 1,253 94% 778 Total debt % Borrowing

12 7. Overall Performance [2015.3Q] Assets / Cash Sales / Operating Profit consolidated consolidated consolidated 2,000 3,408 consolidated 2,277 2,584 2,527 Total assets Cash Q Q 500 1, OP : -6 OP : ,708 OP : OP : -14 OP : -31 Liabilities (debt ration) / Borrowing consolidated 500 1, , consolidated 2,056 Total debt 1,097 debt ration Borrowing Q Q % 95% 83% 152% Q Q 12

13 8. Overseas business Asia - Japan: Provide MBH solution, Securing of new clients - Taiwan : CHT, Taipei City GPON business - Vietnam: Viettel Group, VNPT etc. - Thailand, India and others United States - Setting up local channels, Direct Sales enhancement Eastern Europe/Nordic/South America - Russia, Poland, Brazil, etc. FTTH market extension Customer & Partners Global Location Sales R&D Sales R&D 인도 중국 Sales R&D 대한민국 Sales Sales 미국 프랑스 Sales 일본 Sales 대만 베트남 Sales R&D 13

14 9. Mid- to Long-term Vision DASAN Networks aims to become one of the world s top 5 network equipment providers by 2018 Global TOP 5 Network Equipment Provider DTS PANDA Media DMC HANDYSOFT Solueta J-Mobile Product line reinforcement Overseas new customer securement Domestic enterprise market extension Innovative Technology Product Competitiveness Customized Solution Customer Experience Early adaptation and market-driven R&D capability with customer Stronger relationship with leading partners in this business Various product line-up Wide-spread deployment in the world Interoperability test for network stability Wide-spread deployment in the world Worldwide customer support License for supplying to major ISPs in Korea and worldwide 14