Insyde Software analyst meeting 2012-April ch

CONFIDENTIAL | © 2012 Insyde Software

法人說明會簡報資料法人說明會簡報資料法人說明會簡報資料法人說明會簡報資料法人說明會簡報資料法人說明會簡報資料法人說明會簡報資料法人說明會簡報資料

April, 2012

王志高王志高王志高王志高

董事長兼總經理董事長兼總經理董事長兼總經理董事長兼總經理

CONFIDENTIAL | © 2012 Insyde Software | 2CONFIDENTIAL | © 2012 Insyde Software | 2

Safe Harbor Notice

We may make forward-looking statements in this presentation. Our

forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans or 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 risks, uncertainties and assumptions, the forward-looking information may not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

Agenda

� 公司簡介

� 產品組合

� 成長動能

� 財務概況

� 結論

公司簡介公司簡介公司簡介公司簡介


公司簡介公司簡介公司簡介公司簡介

� 原倍微科技董事長王志高先生與Jonathan Joseph先生於1998年成立系微公司，隔年引進美商英特爾及台灣中華開發投資

� 智慧財產來自公司成立時，所購買美商Systemsoft之已有九年研發經驗的BIOS智慧財產

� 目前資本額新台幣3.78億元

� 海外辦公據點

� 美國波士頓及波特蘭

� 中國昆山辦公室、韓國首爾

� 全球員工總人數約570+人


全球據點

Insyde Office

Agent

Portland, USA Boston, USA

Taipei, Taiwan

Shanghai, China

Japan

Austin, USA

EuropeKorea

(Sales Office)

Kunshan, China

Beijing,China

Shenzhen, China

Taichung, Taiwan


系微合作廠商及客戶系微合作廠商及客戶系微合作廠商及客戶系微合作廠商及客戶

OEM

3rd Parties

ODM

產品組合產品組合產品組合產品組合


產品組合說明產品組合說明產品組合說明產品組合說明

� InsydeH2O™

� Industry leading UEFI firmware for PCs, Embedded, and Servers

� Humanos™

� Leading implementations of

Android and Chromium OS

� Insyde Market™

� Online applications store for Android-based devices


產品組合及整統解決方案產品組合及整統解決方案產品組合及整統解決方案產品組合及整統解決方案完整且客製化的軟體服務完整且客製化的軟體服務完整且客製化的軟體服務完整且客製化的軟體服務


Notebook Desktop Server Embedded

PC Systems Architecture

BIOS & Firmware

Pre-Boot Apps, Tools & Drivers

Systems Integration & Customization

OEMs, ODMs, Semiconductor and OS Vendors

核心競爭優勢及市場核心競爭優勢及市場核心競爭優勢及市場核心競爭優勢及市場


NOR FLASH

BIOS is stored in NOR Flash

電腦軔體架構電腦軔體架構電腦軔體架構電腦軔體架構 - BIOS


Hardware

UEFI-AwareOS

Legacy OSUEFI-Aware

OSLegacy OS

LegacyBIOS Core

ModifiedBIOS CoreAPM

ACPIUSB

PCIPNP

EFI1.1

Hardware

DXE Foundation

UEFI2.0 /EFI 1.1

The Framework Foundation

Com

patibility S

upport M

odule

Fram

ework

Drivers

Architectural Protocols

PlatformD

rivers

“ PI”“ PI”

傳統傳統傳統傳統BIOS和和和和UEFI軔體的差異軔體的差異軔體的差異軔體的差異


2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

系微系微系微系微UEFI重要沿革重要沿革重要沿革重要沿革

2011 2012 2013

Pioneer for UEFI development

Non-Intel production since 2006

Server/Embedded production since 2004

Notebook production since 2005

Desktop production since 2003

Notebook Volume Shipment

ARM

Server Volume Shipment


開啟各種軟硬體平台的開啟各種軟硬體平台的開啟各種軟硬體平台的開啟各種軟硬體平台的UEFI新紀元新紀元新紀元新紀元UEFI導入更廣泛的硬體架構及操作系統導入更廣泛的硬體架構及操作系統導入更廣泛的硬體架構及操作系統導入更廣泛的硬體架構及操作系統

Operating System

InsydeH2O

Hardware Platform

• Supporting operating systems including Windows 7, Windows 8, Android, Chrome OS, Linux and more…

• Configuring CPUs, chipsets and peripherals including x86 from AMD, Intel, Via; and ARM from nVIDIA, Qualcomm, TI and more…

• BIOS: Basic Input Output System

• UEFI: Unified Extensible Firmware Interface

• InsydeH2O provides the bridge from the

Hardware-2-

Operating system

X86: Intel, AMD, Via

Windows Android, Tizan,…

ARM: nVidia, Qualcomm, TI

Operating System

InsydeH2O

Hardware Platform


Humanos™ for Android

� 使用系微快速開機解決方案及應用小程式的作業系統

� 系微將Google作業系統Android，導入筆記型電腦

� 提供Android程式下載平台

� 提供完整Chromium瀏覽器，並結合Android及ChromOS兩者優點

� 強化輸入法 (超過40種語系)

� 支援多點觸控及手寫輸入

� 提供系統安裝、測試及量產工具

� 市場定位在筆記型、小筆電及平板電腦

� 2009年10月第一台搭載Android OS小筆電正式量產

� 具有六代升級版本的量產經驗

成長動能成長動能成長動能成長動能


筆記型電腦的成長動能筆記型電腦的成長動能筆記型電腦的成長動能筆記型電腦的成長動能

� 品牌廠商及代工廠廣泛地導入InsydeH2O

� 品牌廠商: Acer, Dell, HP, Lenovo, Sony, Toshiba and others

� 代工廠: Compal, Inventec, Quanta, Wistron , Pegatron and others

� High-touch/Mid-touch/Low-touch working models

� 筆記型電腦UEFI市佔率的提高

� Intel 及AMD 筆電平台的領導廠商

� 市場競爭逐漸加劇


伺服器市場伺服器市場伺服器市場伺服器市場

� 累計世界級的伺服器客戶HP, Dell, IBM 及 Sun 的出貨量，逾整體伺服器市場70％以上

� 為Quanta, Mitac, Inventec, Foxconn, Wistron 及Flextronics等伺服器廠的主要代工夥伴

� 中國主要伺服器廠商，包括Dawning, Huawei, Inspur 及 Lenovo 等都是系微的客戶

� 系微投資於伺服器產品將於2011年下半年開始收效

� DELL電腦下一世代伺服器使用系微UEFI產品

� 系微客戶遍及台灣多家主要伺服器廠商

� 中國一線伺服器廠商使用系微UEFI產品

� 系微UEFI產品導入全球伺服器廠商及產業


雲端運算雲端運算雲端運算雲端運算

InsydeH2O™

for Servers

Insyde Market™

Live Update

Service

Server-side

Notebook

Netbook

Smartbook

Tablet PC

IPTV

Desktop

Smartphone

Client-side

財務概況財務概況財務概況財務概況


((((台幣台幣台幣台幣////千元千元千元千元))))

合併營收成長動能合併營收成長動能合併營收成長動能合併營收成長動能

0

100,000

200,000

300,000

400,000

Q1'08 Q3'08 Q1'09 Q3'09 Q1'10 Q3'10 Q1'11 Q3'11 Q1'12


合併簡易損益季表合併簡易損益季表合併簡易損益季表合併簡易損益季表

(台幣/千元 )(台幣/千元 )(台幣/千元 )(台幣/千元 ) Q4'11 Q3'11 Q4'10 QoQ % YoY%

營業額營業額營業額營業額 318,952 332,242 319,668 -4.0% -0.2%

營業成本營業成本營業成本營業成本 59,172 38,860 45,734 52.3% 29.4%

營業毛利營業毛利營業毛利營業毛利 259,780 293,382 273,934 -11.5% -5.2%

毛利率毛利率毛利率毛利率 81.45% 88.30% 85.69%

營業費用營業費用營業費用營業費用 173,654 189,093 177,911 -8.2% -2.4%

營業利益營業利益營業利益營業利益 86,126 104,289 96,023 -17.4% -10.3%

營業利益率營業利益率營業利益率營業利益率 27.00% 31.39% 30.04%

營業外收支營業外收支營業外收支營業外收支 4,936 3,998 -3,555

稅前淨利稅前淨利稅前淨利稅前淨利 91,062 108,287 92,468 -15.9% -1.5%

稅後淨利稅後淨利稅後淨利稅後淨利 73,855 92,502 84,430 -20.2% -12.5%

稅後淨利率稅後淨利率稅後淨利率稅後淨利率 23.16% 27.84% 26.41%

每股盈餘每股盈餘每股盈餘每股盈餘（（（（台幣台幣台幣台幣）））） 1.95 2.86 2.45


合併簡易損益年表合併簡易損益年表合併簡易損益年表合併簡易損益年表

(台幣/千元)(台幣/千元)(台幣/千元)(台幣/千元) ) 2011 2010 YoY %

營業額營業額營業額營業額 1,326,146 1,021,958 29.8%

營業成本營業成本營業成本營業成本 179,219 150,148 19.4%

營業毛利營業毛利營業毛利營業毛利 1,146,927 871,810 31.6%

毛利率毛利率毛利率毛利率 86.49% 85.31%

營業費用營業費用營業費用營業費用 742,512 615,485 20.6%

營業利益營業利益營業利益營業利益 404,415 256,325 57.8%

營業利益率營業利益率營業利益率營業利益率 30.50% 25.08%

營業外收支營業外收支營業外收支營業外收支 21,678 -2,240

稅前淨利稅前淨利稅前淨利稅前淨利 426,093 254,085 67.7%

稅後淨利稅後淨利稅後淨利稅後淨利 357,204 241,911 47.7%

稅後淨利率稅後淨利率稅後淨利率稅後淨利率 26.94% 23.67%

每股盈餘每股盈餘每股盈餘每股盈餘（（（（台幣台幣台幣台幣）））） 9.45 6.54


合併資產負債表合併資產負債表合併資產負債表合併資產負債表

台幣台幣台幣台幣/百萬元百萬元百萬元百萬元 Q4’11 Q3’11 Q4’10

Amount % Amount % Amount %

流動資產流動資產流動資產流動資產 1685.8 97.1% 1,311.6 96.0% 995.51 94.5%

固定資產固定資產固定資產固定資產 29.4 1.7% 32.2 2.4% 33.02 3.1%

其他資產其他資產其他資產其他資產 21.0 1.2% 21.7 1.6% 25.03 2.4%

資產總額資產總額資產總額資產總額 1736.2 100.0% 1,365.5 100.0% 1053.6 100.0%

流動負債流動負債流動負債流動負債 464.0 26.7% 538.8 39.5% 309.46 29.4%

長期負債長期負債長期負債長期負債 359.4 20.7% 2.3 0.2% 0 0%

其他負債其他負債其他負債其他負債 6.9 0.4% 0.5 0% 0 0%

負債總額負債總額負債總額負債總額 830.3 47.8% 541.6 39.7% 309.5 29.4%

股東權益股東權益股東權益股東權益 905.9 52.2% 823.9 60.3% 744.1 70.6%


股東分紅表股東分紅表股東分紅表股東分紅表

Cash

Dividend

Stock

Dividend

2011 7.5 0.0 9.45 79%

2010 5.5 0.0 6.54 84%

2009 5.0 1.0 6.85 88%

2008 2.0 0.0 3.84 52%

Year/NT$

Per 1,000 Shares

EPS Payout

*5.2% dividend yield, compared with stock price of NT$144 on 2012/04/06


Intel Capital Invests NT$300mCollaboration on UEFI BIOS and Android for Tablets and Ultrabooks

Insyde Software Announces Latest

Investment by Intel Capital

Reinforces Long-Standing Relationship with

Additional Collaboration on UEFI BIOS

and Android for Tablets and Ultrabooks

TAIPEI , TAIWAN, NOVEMBER 22, 2011

InsydeSoftware, an Intel Capital portfolio

company and leading provider of Unified

Extensible Firmware Interface (UEFI) -based

firmware and customized Android

distributions, today announced an investment

worth NT$300 million by Intel Capital, Intel

Corporation’s global investment and M&A

organization.

“The proliferation of mobiledevices and applications demands new features andcapabilities. Insyde Software is uniquely positioned to provide the software building blocks that will help hardware makers bring these innovative, new products to market.”

Keith Larson, vice president and managing director, manufacturing sector and Taiwan and Korea regions, at Intel Capital.

“Intel is pleased to announce our collaboration with Insyde Software to help drive additional software innovation for Intel platforms. Insyde’s computing solutions optimized for Intel architecture will bring increased value to our shared customers.”

Doug Fisher, corporate vice president and general manager of Intel’s Software and Services Group's Systems Software Division.

[email protected]

Thanks!

Documents

Insyde Software analyst meeting 2012-April ch