ubiquoss 2013 IR 자료 (영문)

All IP Convergence

2013 ubiQuoss, Inc. All Rights Reserved.

Investor Relations 2013

2 Investor Relations

3. Financial Status

2. Business area

4. Subsidiary company

5. Business Strategy

▣ Appendix

1.Company Introduction CI Introduction, Company Introduction, History, Organization, Shareholders, Dividend

Financial Statement and Business result, Sales Composition

NTIQ Games, Mobile eco

Product line-up, Product Portfolio

Business Roadmap, Investment Focus

Financial Statement Summary, 2013 Network Equipment demand forecasting

3P

9P

11P

13P

15P

17P


1. Company Introduction

CI Introduction

=

ubiQuoss is the combined word of Ubiquitous and Access which means people can communicate each other without any devices or tools at anytime anywhere.



Company Introduction

Company Name ubiQuoss Inc.

CEO Sang Keun Lee

Type of Business Wired Telecommunication Equipment Manufacturing

Key Products L2/L3 Switch, xDSL, FTTH(GPON/GE-PON), LTE Backhaul and Carrier Ethernet Solution

Established Date July 2000

Capital Stock KRW 10.6 billion

No. of Employees 248(as of March 2013)

Web Site www.ubiQuoss.com

Location (HeadQuater) 24F Millennium B/D, 467-12, Dogok-dong, Gangnam-gu, Seoul 135-700 Korea (Sales) 2,6, and 7F NIPA B/D, 79-2 Garakbon-dong, Songpa-gu, Seoul 138-711 Korea (Manufactory) #302 Krantz Tower, 5442-1 Sangdaewon-dong, Jungwon-gu, Sungnam-si, Gyunggi-do 462-729 Korea



HIstory

▶2000 : Company established(Premier Networks)

▶2001 : Company name changed to Locus Networks Corporation

Self-developed Metro Ethernet Switches first in Korea

▶2003 : Developed IP-VDSL 50M

▶2005 : Company name changed to Ubiquoss Inc.

▶2007 : Developed and supplied VDSL2 systems/ Developed and supplied FTTH equipment(LG U+)

▶2008 : Supplied FTTH equipment to KT

▶2009 : Listed on KOSDAQ/ Achieved $110 mil. of sales revenue

▶2010 : Developed a High-capacity Edge Router(E7508) first among Korean vendors &

Commercialized and Supplied it to LG U+/ Appointed as a Promising Export Company

Invested into subsidiary company ‘NTIQ Games’ (93% stake)

▶2011 : Developed and Commercialized Backhaul Access Equipment for LG U+ LTE 4G (CO Switch)

▶2012 : FTTH EPON Supply contract with LG U+ / Take over control of ‘Mobile eco’ (51% stake)

▶2013 : Developed Terra-level high-capacity switch with LG U+


CEO

Customer Service Div.

Domestic Biz Dep.

Biz 2 Div.

Biz 3 Div.

Overseas Biz Dep.

R&D Center

Biz 1 Div.

Production QA Div.

Financial Div.

New Biz Team

Management Div.

Subsidiary company Organization


Ubiquoss Inc.

Mobile Eco NTIQ Games

88.09% 51.02%



Shareholder Composition

(as of Dec 31, 2012.12.31)

CEO and

Affiliates,

32.91%

Treasury Stock,

9.44%

Investment

Trust, 2.40% Other

corporations,

2.38%

Foreign

investors,

1.06%

Individual and

Others, etc.,

51.81%

Individual and Others, etc.

10,982,974 51.81%

1.06%

2.38% Other corporations

Foreign investors

Investment Trust 508,644

2,001,579

2.40%

Treasury Stock 9.44%

CEO and Affiliates 6,977,176 32.91%

Composition Quantity Percentage

505,111

224,516



Dividend per Share

Cash dividend payout ratio (%)

5.1 11.4

1,920

100 Cash dividends per share (won)

Total Cash Dividend (mil. won)

Earnings Per Share (won)

972

20,611

828

Net Income (mil. won)

16,839

Par value per share (won)

500 500

Item 2010 2011

50

1,060

2012

500

16,282

848

100

1,920

11.8

Dividend yield (%)

0.7 2.2 2.1

50

100 100

5.1%

11.4% 11.8%

0.0%

5.0%

10.0%

15.0%

20.0%

-

20

40

60

80

100

120

2010년 2011년 2012년

주당 현금배당금(원) 현금배당성향(%)

2010 2012 2011

Cash dividends per share Cash dividend payout ratio


2. Business Area

Customer promises Access Network Aggregation Core Network

4G LTE

Office

LTE Backhaul

Carrier Ethernet

MSPP / TDM

WDM RoADM

Repeater/RRH RoADM

Internet

ubiQuoss Product

ubiQuoss Product

FTTH FTTH & Switch

ONT Internet Core Network

Fiber Optic LAN(Switch)

Voice

IPTV

Internet ubiQuoss Product

Product line-up


Application

FTTH

Switch

Mobile Backhaul Solution Carrier Ethernet Solution

High-capacity Switch(720G)

High-capacity 10G OLT (1Terra)

Terra-level Core Switch (3.2Terra)

VDSL2, EPON

L2/L3 Switch

QoS Switch

Multi Service platform

2. Business Area

Product Portfolio

VISION for All IP convergence !


3. Financial Status

669

1,114

817 737 745

2008년 2009년 2010년 2011년 2012년 2010년 2011년 2012년

1,223 1,285 1,437

220 223 235

자본총계 부채총계

1,443 1,508 1,672

Assets Sales revenue

2010 2012 2011

Liability Ratio

Operating Profit Ratio

Net Income Ratio

18.0%

21.1%

25.2%

17.3% 16.3%

19.5%

22.9%

18.2%

21.8%

Key Financial Ratio

2010년 2011년 2012년

172 143 136

206

168 163

영업이익 당기순이익

(unit: KRW 100mil.)

Operating Income/Net Income

(unit: KRW 100mil.)

Financial Structure and Business Performance

(unit: KRW 100mil.)

(unit: KRW 100mil.)

2010 2012 2011

Total Capital

Total Liabilities

2010 2012 2011 2008 2009

Operating Income

Net Income

2010 2012 2011


3. Financial Status

Domestic,

98.6%

수출,

1.4%

Domestic,

97.8%

수출,

2.2%

2011 2012

Domestic-Overseas Sales ratio

37,021

29,525 33,647

5,812

3,824

6,936

23,596

15,119

16,320 2,845

6,547 13,504

4,670

15,299

8,842 6,408

2010 2011 2012

기타

모바일백홀

대용량스위치

FTTH

VDSL2

스위치

Etc.

Mobile Backhaul

High-capacity Switch

FTTH

VDSL2

Switch

81,728

73,659 74,528

Sales per product

(unit: KRW mil.)

45%

6%

22%

9%

6%

12% 스위치

VDSL2

FTTH

대용량스위치

모바일백홀

기타

Sales ratio per product in 2012

Sales Composition

Switch

VDSL2

FTTH

High-capacity Switch

Mobile Backhaul

Etc.

Export, 1.4%

Export, 2.2%



Paradigm Shift in Game market

Experienced planners and developers

Participating in the main game exhibitions

Contract with Japanese Publishing company

Multi-platform(wired&wireless) online social MORPG game “ Shadow of Eclipse” developed

Good reputation from famous publishers of North America, Europe, Japan, Chinese, etc.

Game Business NTIQ Games Inc. Established in 2010 Capital Stock: 28.4mil. No. of Employees: 28

1 2

3

4 Japanese Localization, OBT expected with publishers

NTIQ Games [www.ntiqgames.com]

High-quality human resources from the leading game developers



Overseas Biz expansion

Wireless Communication Market - move on LTE

Qualcomm Solution High-technology in LTE module field

• Increasing demand for multimedia • Increasing need for high-speed data

communications equipment • High growth expectation of LTE

based Consumer market

• Exceptional technicians compared to competitors

• Time To Market product release • Expected biz area expansion and

advanced equipment with accumulated technology

• Obtained Qualcomm License • Holding expertise in the field of

Qualcomm 2G/3G Wireless Data modem

• Used more than 80% of wireless communication chipset with Qualcomm Solution

• LTE Router supply contract with MVNO of NTT DoCoMo in Japan for the 1st time in Korea

• Expanding and pioneering market - vulnerable wired market moving on LTE

Mobile Eco

[www.mobileeco.com] Mobile Eco



Business Roadmap



All IP

Strengthen Market Position

Market Expansion

Subsidiary Company

Free Cash

All IP Convergence !

Stagnant market status of ISP, Fast-growth of Internet Traffic, Rapid change of Technology Paradigm, Sufficient potential demand of high entry IP convergence new technology

1ST

Strengthen Market Position & Technology

Advancement of High-capacity switch and FTTH equipment, Strong market position established via successful market entry and Carrier Ethernet commercialization

2ND

Expansion Overseas & Enterprise & Public market

Market expansion via overseas FTTH market and enterprise/public sector Carrier Ethernet market

3RD

Growth of ENTIQ Games and Mobile Eco

ENTIQ Games: OBT expected with Japanese publishers, Seeking foreign market entry Mobile Echo: Expanding market share and brand awareness at overseas including Japan

4TH

The Potential growth through M&A

Seeking New Business for external growth

5TH

Investment Focus


(Unit : KRW mil.) (Unit : KRW mil.)

Balance Sheet Income Statement

2010 2011 2012

Current assets 107,617 101,323 90,139

Quick Assets 101,561 92,713 83,520

Inventory Assets 6,056 8,610 6,619

Long term assets 36,695 49,436 77,074

Investment assets 33,081 36,368 59,363

Tangible assets 2,707 12,110 15,935

Intangible asset 907 958 1,776

Total Assets 144,313 150,759 167,213

Current liabilities 16,561 18,453 21,220

Long term liabilities 5,448 3,816 2,246

Total liabilities 22,009 22,269 23,466

Stock holders’ equity 10,600 10,600 10,600

Capital surplus 6,903 6,903 6,903

Capital adjustments 851 -8,742 -7,846

Retained earnings 103,950 119,729 134,090

Total liabilities and equity 122,304 128,490 143,747

2010 2011 2012

Revenue 81,728 73,659 74,528

Costs and Expenses 42,302 41,058 44,065

Gross Profit 39,426 32,601 30,463

Selling, General & Administration Expenses

22,624 18,266 16,878

Operating Income 16,801 14,335 13,585

Other income net 7,985 6,950 7,079

Other income expense 608 1,356 389

Operating Income Before Depreciation and Amortization

24,178 19,929 20,275

Income tax expense 3,567 3,090 3,993

Net Income 20,611 16,839 16,282

▣ Appendix – Summary Financial Statements(2010-2012, K-IFRS )


(Marked in Red☞ Ubiquoss product group)

▣ Source : 2013 Network Equipment Demand Forecast Seminar (Korea Technology Center)

▣Appendix-2013 Network Equipment Demand Forecast

ITEM Product 2013 forecast (KRW mil.)

First half Second half Total

Transmission WDM (CWDM, DWDM) / ROADM 43,407 58,430 101,837

208,137 MSPP / Carrier Ethernet 50,200 56,100 106,300

Swap Switch (L2 / L3 Switch) 34,700 11,450 46,150

142,818 VoIP equipment (Access G/W, Trunk G/W, IP-PBX) 66,504 30,164 96,668

Subscriber Network

PON (E-PON, G-PON) 47,130 47,300 94,430 153,199

WiFi AP 30,504 28,265 58,769

Mobile Communications

RRH 44,100 127,000 171,100

642,596

Repeater (Fiber optic, RF) 164,100 168,900 333,000

Femtocells 3,000 9,000 12,000

Accessories (antenna, connector, couplers, etc.) 89,300 37,196 126,496

Total 572,945 573,805 1,146,750

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