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 7. Overall Performance 8. Consolidated Performance P.5 P.6 P.7 P.8 P.9 P.10 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 The progress of business performance and financial affairs during the past three years Consolidated business performance during the past three years 9. VISION P.11 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 : 1,000,000 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) Strategic Alliance with UTStarcom 3

4 2. Shareholders Portion of institutional investor (the end of % the end of % the end of % the end of % the end of %) Shareholder composition during the past five years Major shareholder (as of the end of 2013) Shareholder No. of Stock Ratio DASAN Invest, Inc. (controlled by Mr. Nam) 4,104, % 16.8% 4.8% % 32.7% 43.6% 37.5% Individual Mr. Nam Min Woo (CEO of DASAN Networks & DASAN Invest) 672, % Treasury shares 815, % 15.9% 30.9% 10.3% 13.5% 18.5% % 23.1% 17.3% 2.7% 4.4% 4.4% % 10.0% 4.4% 32.0 Foreigner Domestic institutional investor Treasury shares Standard Chartered PE 3,432, % National Pension 929,196 5% Etc. 8,522, % Total 18,476, % Acquisition and cancelled treasury shares - Merger with DASAN TPS and the consequential treasury shares 31.6% 25.0% 26.2% 26.2% 26.1% Largest shareholder acquisition (Y2008, 2,782,000 share) - Sold 2,782,000 to Standard Chartered PE Profits attribution to shareholders Y 2009 Y 2010 Y 2011 Y 2012 Y Cancellation of 1,000,000 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 ) 3.6% Biggest shareholder (Mr. Nam Min Woo) 100.0% CEO (Mr. Nam Min Woo) 22.2% DASAN Invest COO, Auditor, Advisor Management Dpt. Finance planning Dpt. DASAN Networks DMC (45.5%) DASAN Develop (52.6%) DASAN RND (5.1%) CMO Dpt. Strategic business Dpt. DASAN RND (85.7%) PANDA Media (90.0%) DMC (45.5%) Handysoft (25.6%) 39.0% Domestic business Dpt. Overseas business Dpt. Smart Business Dpt. R&D Center Quality/ Production Dpt. DASAN Networks USA (100.0%) DASAN Networks JAPAN (100.0%) DYTS (43.5%) J-Mobile (45.0%) 49.5% ( Global Network ) Tomato Soft Ltd. (100.0%) Xian (100.0%) Chashan Networks (60.0%) 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 Upstream business strategy and supply of network equipment in close cooperation with the affiliated company DASAN Networks Affiliated Companies Solution Core Network Handysoft DASAN Networks Business Area FTTH OLT Cooperative work S/W Solution Network Solution G-PON E-PON Access Switch PANDA Media IP- DSLAM L2, L3 Switch IP-DSLAM OTT Services Smart Monitor TPS Device J-Mobile OTT Box ATM Phone Hub AP IP PTT(Car) IP PTT(Portable) 6

7 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 (2013) Sales segment (2013) Others (28%) Ethernet Switch (30%) LGU (14%) Others (14%) Overseas (33%) FTTX (42%) SKB (10%) KT (29%) 7

8 6. Subsidiaries Automobile rubber parts, automation / Engineering & consulting for power plant DMC (Automobile rubber components specialized enterprise) Foundation date : C E O : Yoo choon-yeol, Shin dal-suck DMC Capital : KRW 6,527,200,000 (fixed date: ) No. of employees : 271 Automobile rubber parts production Main Establishment HQ(DASAN Tower), Manufacture(Young Cheon), Storage(Pyeongtaek), Overseas(Cheongdo) Lease Business: DASAN Tower Main Customer: : Hyundai(34%), KIA(39%), GMK(20%), GM etc.(7%) DASAN RND Automobile production&research automation solutions Car exhaust gas inspection system Business Strategy - Overseas Business Expansion (Marketing via North America Branch, Expansion in South- East Asia Market through Chinese Factories) - Business Synergy with DASAN R&D (Expansion in Business Spectrum, Enhancement in R&D) DYTS ACC (Air Cooled Vacuum Condenser) Combined Cycle Power Plant AFC (Air Fin Cooler) Petrochemical plant RADIATOR Sales (55) OP 783 (5) (16) , ,150(E) (1Q) 8

9 7. Overall Performance 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 1,000 Export 43% 43% 30% 1,308 33% 1,736 (E) 30% 337 2,000 1,000 2, , , , ,204 Total assets Cash (1Q) (1Q) Separate Financial Statements Operating Profit Separate Financial Statements Liabilities (debt ration) / Borrowing ,000 1, % % % Total debt Borrowing Separate Financial Statements 2014(1Q) (1Q) Separate Financial Statements 9

10 8. Consolidated Performance Visualization of investment performance to subsidiaries or partnership : DMC, DASAN RND, etc. Consolidated sales Overseas business JAPAN SBB : Provide MBH solution IP-PTT : Service Providing Business via J-Mobile United States Setting up local channels 1,441 1,339 1,427 1,923 Brand awareness and potential customer increases Strategic Alliance and Partnership with UTStarcom targeting North America and Global market DASAN Networks Asia 1,306 1,227 1,308 1,736 Taiwan : CHT, Taipei City GPON business Thailand, Hong Kong, etc : FTTH supply Vietnam, India and others OP : 11 OP : 60 OP : OP : (E) Eastern Europe/Nordic/South America Russia, Poland, Brazil, etc. FTTH market extension Indirect Sales enhancement 10

11 9. Mid- to Long-term Vision DASAN Networks aims to become one of the world s top 5 network equipment providers by 2016 Global TOP 5 Network Equipment Provider DYTS DASAN RND DMC HANDYSOFT J-Mobile PANDA Media 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 11