senao networks, inc. - twsemops.twse.com.tw/nas/str/355820151006e001.pdfsenao networks, inc. taiwan...
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Senao Networks, Inc. Taiwan TPEX Listed Company
Code : 3558
Presented by Tommy Tsai
Oct, 2015
2
Outline
Company Profile
Financial Performance
Technologies Development Schema
Product Portfolio
Investment Highlights
Company Profile
Company Profile
Founded in 2006
Chairman & CEO : Tommy Tsai
Working Capital : NT$ 489M(US$15M)
Market Capital : NT$10.5Bn(US$324M) of Sep, 2015
Employees : 1200+ around the world
Brand :EnGenius®
OEM / ODM / JDM business
Product focuses:
• WLAN Solutions
• Ethernet Connectivity Products – PoE / L2 / L3
• Network Security Products – VPN / Firewall / UTM
• IP Surveillance Solutions – Mesh IP Cam / VMS / NVR
• Enterprise Cordless Phone
• Industrial Personal Computer (IPC)
• Industrial Switching Power Supply
• Wireless Antenna
4
Finance
Human
Resource
Organization Chart
Quality
Assurance
MQM
SQC
QE
RMA
R&D
Data Comm.
Video Comm.
Voice comm.
SQA
Marketing
& Sales
Sales I
Sales II
RBU IT
President
Board of Directors Remuneration
Committee Internal
Auditing Office
Chairman & CEO
Adm.
Manufacturing
Production &
Mat’l Control
Process
Engineering
Logistics
Operation
5
SENAO Taoyuan, Taiwan
36,300 m2 (Plant 1)
Manufacturing Site
• HQ Location: Taoyuan, Taiwan (15 km from Taoyuan airport)
• Total Manufacture Facility: 48,000 sq. meters
SENAO Taoyuan, Taiwan
11,700 m2 (Plant 2)
6
7
LinKou NeiHu
HsinChu
R&D
Center
R&D Center
Worldwide Service & Support
8
Worldwide branches & distributors :
Los Angeles & Miami / USA, Amsterdam / Netherlands, Singapore, Dubai / UAE.
Financial Performance
10
Financial Performance
Sales Revenue 38.94 48.74 49.81 61.84 36.88
EPS (NT$) 4.22 7.16 10.03 12.63 7.86
2015
1H
In millions of NTD
11
Financial Performance - Sales Revenue
In millions of NTD
12
Y2014 ~ Y2015.Q2
2015
1H
Financial Performance – Net Profit
In millions of NTD
13
EPS Y2014 ~ Y2015.Q2
2015
1H
Financial Performance – EPS
In millions of NTD
14
Y2014 ~ Y2015.Q2
Consolidated Balance Sheets
In millions of NTD
2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2
Cash & Cash equivalents 2,066$ 2,378$ 2,289$ 2,536$ 2,470$ 2,735$
Accounts Receivable 834 913 1020 1032 1,180 1,193
Inventories 548 471 587 542 662 698
Total Assets 3,743$ 4,092$ 4,276$ 4,483$ 4,743$ 5,107$
Accounts Payable 1,422 1,917 1,888 1,930 1,993 2,514
Current Liabilities 1,686 2,202 2,218 2,254 2,323 2,958
Total Liabilities 1,747$ 2,231$ 2,252$ 2,278$ 2,349$ 2,984$
Stockholders' Equity 1,996$ 1,861$ 2,024$ 2,205$ 2,394$ 2,123$
15
Y2014 ~ Y2015.Q2
Consolidated Statements of Cash Flows
In millions of NTD
Y2014Q1 Y2014Q2 Y2014Q3 Y2014Q4 Y2015Q1 Y2015Q2
Cash Balance - Beginning of Period 2,181$ 2,066$ 2,378$ 2,290$ 2,536$ 2,470$
Cash Flows from Operating Activities (101) 339 240 302 (1) 339
Cash Flows from Investing Activities (15) (40) (45) (44) (67) (77)
Cash Flows from Financing Activities (2) 17 (287) (20) 5 6
Effect of Exchange Rate Changes 3 (4) 4 8 (3) (3)
Cash Balance - End of Period 2,066$ 2,378$ 2,290$ 2,536$ 2,470$ 2,735$
16
Y2013
Marketing Territory
Y2014
Y2015 1H
Technologies Development
Schema
Wireless Management Switch
Zone 1 Wireless Managed Access Point
Wireless Managed IP Camera
Neutron NMS
Sector Antenna Access Point NMS
Zone 3
ezMaster Off-site physical server/
Cloud instance
Public / Private Network
Mesh IP Cam
Technologies Development Schema
Zone 2
UTM
Wireless Managed Access Point
Power Module
18
Neutron NMS
Distributed Cloud Network Management Solution
Product Portfolio
Wireless Cloud Management Access Point
20
Indoor Multi-function Dual
Concurrent AP with MIMO
Antenna
Indoor Ceiling Mount High-
power High-sensitivity AP
Indoor Ceiling Mount Dual
Concurrent AP with MIMO Antenna
Long Range Point-to-point CPE
with High-gain Antenna
Cloud Routers
Dual Concurrent (2.4GHz/5GHz) AP
with MIMO Antenna
Phone Routers
Wireless Networking System
Wireless IoT Gateway
Dual Concurrent (2.4GHz/5GHz) AP
with MIMO Antenna (4T4R)
Wireless Management Controller
Layer 2 PoE Managed Switch (L2 : 8/24/48 Ports) PoE Managed Switch (8 Ports)
Wireless Management Switch & Security Appliance
PoE Ethernet Switch
Industrial Personal Computer (IPC intel X86 series)
21
Wireless Management Controller Unified Threat Management (UTM) Switch
Wired Networking System
22
Outdoor Bullet IP Cam Indoor Box IP Cam Indoor Dome IP Cam
Indoor mini Box
IP Cam Outdoor mini
Bullet IP Cam
Indoor Dome
IP Cam Home Cam
IP Surveillance
Network Camera
VMS / Cloud Monitoring System
CMS – 32 Channels Mobile APP
Single Port PoE Adapter
Proprietary 54V Compatible
Gigabit PoE Adapter
802.3af/at Compliant
Gigabit PoE Adapter
Power Module 150W
Open Frame Power Module
Power Adapter 30W Power Adapter 90W
Power Adapter
Proprietary 24V Compatible
10/100 PoE Adapter
Power Module 300W Power Module 900W Power Module 589W
23
Power Module
24
Omni Antenna 2.4GHz 2x2MIMO 10dBi 5GHz 2x2MIMO 13dBi
2.4GHz 3x3MIMO 10dBi 5GHz 3x3MIMO 13dBi
Panel Antenna 2.4GHz 2x2MIMO 20dBi 5GHz 2x2MIMO 23dBi
2.4GHz 3x3MIMO 16dBi 5GHz 3x3MIMO 19dBi
Wireless Antenna
Dipole Antenna 2.4GHz 5dBi 5GHz 7dBi
Sector Antenna 2.4GHz 2x2MIMO 16dBi 5GHz 2x2MIMO 19dBi
2.4GHz 3x3MIMO 12dBi 5GHz 3x3MIMO 15dBi
Wireless Antenna
25
1-Line Frequency Hopping
Long Range Cordless Phone
Up to 1 ~ 3 Km
4-Line Frequency Hopping
Long Range Cordless Phone
Up to 1 ~ 3 Km
Enterprise Cordless Communication System
Enterprise Cordless/ IP Communication System
4 Simultaneously call
Long Range IP & Cordless Phone
Up to 1 ~ 3 Km
Walki-Talki & Cordless
Long Range Dual Mode Phone
Up to 1 ~ 3 Km
26
2012
2013
2014
TAIWAN EXCELLENCE AWARD EP800H
EAP350
reddot design award EAP600
COMPUTEX d&i ESR300H
ENH700EXT
TAIWAN EXCELLENCE AWARD EAP600– Silver Award
ESR750H
ERB300H
COMPUTEX d&i ERB600
ENH900EXT
iF Design Award ETR150
TAIWAN EXCELLENCE AWARD 2014 EDS1130 Day/Night Compact Network Camera
EDS6110 Mini Day/Night Dome Network Camera
ENH1750EXT Wireless Access Point
ESR Cloud Router Series
reddot design award ENH Dual Band Outdoor Access Point
CES Innovation Design and Engineering Award ESR2300 ProAV Wireless AC2300 Gigabit Router
EP800H ESR300H ESR750H ERB300H EAP350 ETR150 ERB600
ENH700EXT
ENH Dual Band Outdoor AP ENH900EXT / ENH1750EXT
EAP Ceiling Mount AP
ESR Cloud Router EDS6110
EDS1130
ESR2300
Product Awards
Investment Highlights
Total Solution Differentiation
Vertical Integration
Innovation
Investment Highlights
28
29
Time
Emerging
Mature
Established
Horizons
Corporate Wireless
Access Point
Unified Threat
Management (UTM)
Long Range Cordless
Phone
Ethernet PoE Switch
IP Cam
2.4G/5G Wifi Antenna
Outdoor / LTE Antenna
Industrial Personal
Computer (x86 series)
Industrial Switching
Power Supply
Mesh IP Cam
2015 2016
Investment Highlights – Technology/Product
R & D
30
Investment Highlights – R&D
R&D expense is average 5~6% of revenue
Total R&D Headcount of 300 people of September/30/2015
Headcount
HQ
RD Lab
Hsinchu
RD Lab
Neihu
RD Lab
Education Experience
Seniority
Q & A