1. DASAN Networks
IR Presentation
1Q 2018

2. Disclaimer
The financial information and business results herein are provided for investor’s convenience, which have not yet been reviewed by external auditors and some figures may be able to be changed according to the audit outcomes.
Forecasts and projections contained in this material are based on current business environments and management strategies. They may differ from the actual results depending on changes and unaccounted variables, therefore DASAN Networks. Inc. does not undertake any obligation to the investment results from those in the forward-looking statements.
The responsibility for investment is ascribed only to investors. These materials can not be used as evidence in any legal dispute. The financial information and business results in this document are based on K-IFRS.

3. Contents P.4 P.5 P.6 P.7 P.8 P.9 P.11 P.14 P.15 1. History
Company history and highlights
2. Shareholders
P.5
Shareholders composition in the last five years, major shareholders holding 5% and above, current status of convertible bonds
3. Organization
P.6
Corporate governance, affiliated companies and organization structure map, overview of DASAN group
4. Product and
Solution
P.7
Business area and product solution
5. Business
Composition
P.8
Sales breakdown by geography and products
6. Overseas
Biz Status
P.9
Main progress, global location, customers
7. Subsidiaries
P.11
Market share and product solution of subsidiaries
8. Overall
Performance
P.14
The progress of business performance and financial results in the last four years
9. Vision
P.15
Mid to Long-term vision

4. 1. History The No.1 Network Solution Provider in Korea
Growth led by expanding our business into global market and diversification since 2009
Foundation / Localization of Network Equipment ( 1993~2003 )
(1993) · Established DASAN Engineering Co., Ltd.
(1995) · Established DASAN R&D Institute
(1998) · Developed Korea’s first Frame Relay Router in Korea
(1999) · Changed the company name to DASAN Internet, Inc.
(2000) · Released General-Purpose Network Solutions (Router, Ethernet Switch, xDSL solution)
· KOSDAQ-listed as DASAN Internet
(2001) · Developed & Commercialized Linux based L2 Switch for Korean Market
(2002) · Changed the company name to DASAN Networks, Inc. · Developed & Commercialized L3 Metro Ethernet Switch
(2003) · Released VDSL IP-DSLAM
Became the No.1 Network Solution Provider ( 2004~2011)
(2004) · Investment from SIMENS
· The largest shareholder changed from Mr. MinWoo Nam to SIEMENS
(2005) · Released ADSL2 IP-DSLAM for Global Market
(2007) · No.1 FTTH EPON & IP-STB provider to KT in Korea
(2008) · Became an affiliate of DASAN Investment · Acquired DASAN TPS · Supplied FTTH GPON to SKB in Korea · No.1 VoIP provider of Samsung networks
· Started supplying Mobile Backhaul solution(GPON) to Softbank in Japan
(2011) · Started supplying 4G LTE Access solution to LG U+ in Korea
· Acquired HANDYSOFT Inc. (merged into DASAN SMC)
· Cancellation of shares : 1,000,000 shares
· Headquarter relocated (DASAN Tower)
Globalization & Diversification
( 2012 ~ Present)
(2012) · Acquired DMC Inc. (previously DongMyeong Trading Company)
(2013) · Started supplying GPON solution to Chunghwa Telecom · Acquired DTS Inc. (previously DongYang TS) · Launched SKB Smart Box (B-Box)
(2014) · Started supplying FTTH solution to Viettel in Vietnam
(2015) · Networks Biz Unit(DNS) Captive Spin-off
· Acquired Solueta Inc.
· Established Taiwan Branch ‘D-Mobile’
(2016) · DMC changed from a subsidiary to a related company.
· Acquired a Nasdaq listed company, Zhone Technologies in Sep. 9
· Started supplying network equipment to Gov. in France and India
· Started supplying 10G EPON to KDDI in JAPAN
(2017) · Globally launched the ‘Alpha-one’, a luxury smartphone of Tonino Lamborghini brand.
· DTS changed from a subsidiary to a related company.

5. 2. Shareholders
Portion of institutional investor (2013A 32.0% → 2014A 24.1% → 2015A 14.0% → 2016A 14.1% → 2017A 11.5%)
■ Shareholders Composition in the last Five Years
■ Major Shareholder
(March 31, 2018)
Shareholder
No. of Stock
Ratio
DASAN Invest, Inc. (The largest shareholder)
6,929,635
24.7%
Mr. MinWoo Nam (CEO)
885,185
3.2%
Treasury Shares
2,301,988
8.2%
ShinYoung Asset Management
2,109,461
7.5%
Etc.
15,795,212
56.4%
Total
28,021,481
100.0%
2016
2013
2014
2015
4.4%
10.0%
22.0%
37.5%
26.1%
21.5%
2.6%
45.4%
11.5%
12.1%
1.9%
51.3%
25.2%
10.6%
11.0%
3.1%
50.1%
Largest
Treasury
Institutional
Individual
9.1%
1.5%
52.2%
27.2%
2017
Foreigner
32.0%
24.1%
14.0%
14.1%
■ Current Status of Bonds
KRW
Amount
Balance
Price
C. Stocks
Period
Rate
4CB
33Bn
3.2Bn
5,680
573,767
1%, 4%
5CB
28Bn
9.9Bn
5,788
1,724,257
0%, 1%
6CB
10Bn
6,760
1,479,289
7EB
0.%, 0%
Total
81Bn
33.2Bn -
5,256,602

6. Subsidiary and Related party Subsidiary and Related party
3. Organization
DASAN Invest
DASAN Invest
Minwoo, Nam
MinWoo Nam
100.0%
Chairman
Holdings SW
DASAN Networks
Kosdaq
28.6%
Consolidated
Subsidiary and Related party
Subsidiary and Related party
Broadband Access
Mobile Network
(5G, LTE)
Network
DZSI
DNS KOR/USA
DASAN JAP, VIET, INDIA
D-Mobile
Manufacturing
SOLUETA
DMC
DTS
Bio Matrix
SW∙IoT
HANDY SOFT
HANDY CAR
DASAN KYS
GH SOFT
Automotive (Electric)
EMC Solution
Heat Exchanger
IoT Service platform
Connected Car
IT Service
57.9%
24.8%
17.6%
Nasdaq
Kosdaq
Kosdaq
100.0%
100.0%
88.9%
50.2%
50.0%
100.0%
66.7%
59.6%

7. 4. Product and Solution Back-bone Customer Access Edge Core Carrier
Enterprise
Wireless
LAN
ONT
1:64
GPON OLT
GPON
10G OLT (MSAN)
EPON OLT
Back-bone
ONT
1:32
EPON
ONT
Wireless AP
Office
Access Switch
School
Wireless AP
Edge Switch
Police Station
Access Switch
Mobile Core AC
RRH
BTS
Ethernet
BTS
Wireless
Access Mobile Backhaul
Metro Mobile Backhaul
IP-PTT
※ Above image is for illustration purpose only, actual configuration may differ.

8. 5. Business Composition 2016A 2017A 2017A 2,098억원 322.2 KRW bn
Revenue by geography
Revenue by Products
23%
25%
30%
37%
2016A
2,098억원
네트워크부문
2017A
322.2 KRW bn
Network business
2017A
322.2 KRW bn
Network business
50%
10%
75%
40%
10%

9. 6.1 Overseas Business Status
Main Progress
Customers
Boost in worldwide construction of High-speed Internet and mobile network,
because of boom up the media contents and 5G.
Win the new projects from the Indian and French governments in 2017.
Participation in global telecommunication carriers business in USA and Japan, etc.
Merger with Nasdaq-listed communication networks equipment company,
Zhone technologies in USA (Sep. 09, 2016)
Expanding global revenue since 2017
Locations
Sales
R&D
Sales
R&D
India
China
Sales
R&D
South Korea
Sales
Sales
Japan
France
U.S.
Sales
Sales
Taiwan
Vietnam
Sales
R&D

10. Average Connection Speed
6.2 Worldwide Average Internet Speed
Revenue of global network equipment is growing steadily (increasing in demand of global media contents)
Average Connection Speed
Norway : 23.5
Sweden : 22.5
Finland : 20.5
South Korea : 28.6
Japan : 20.2
Taiwan : 16.9
Thailand : 15.9
Vietnam : 9.5
China : 7.6
America : 18.7
Canada : 16.2
Mexico : 7.5
France : 10.8
India : 6.5
Kenya : 12.2 M M M
Mbps
(source by Akamai, 1Q 2018)

11. DASAN Network Solutions
7.1 Main Subsidiaries – Network Business
■ Network business Organization
DASAN Networks
DASAN Network Solutions
(US)
DASAN Zhone Solutions
57.9%
100.0%
The Network solution provider for Carrier and Enterprise markets in Korea.
The global leader in network access solutions for service provider and enterprise network (NASDAQ : DZSI)
Subsidiary of DASAN Zhone Solutions, Global network solution company
Which located in North America.
(KOR)
Subsidiary of DASAN Networks Solutions(US),
Network equipment R&D and domestic biz
DASAN Zhone Solutions, Inc.
■ DASAN Zhone Solutions, Inc. Stock Chart
Founded in Jun
Listed on Nasdaq in Nov
CEO : Yung Kim
Around 250 employees
Network equipment development and production
Located in Oakland, CA, U.S.
※ The acquisition of Zhone technologies was
completed on Sept 9, 2016 (NASDAQ: DZSI)
Stock Price .$11.44
Market Cap $188 Million
(Mar. 29, 2018)

12. Global FTTx Revenue by Vendor
7.2 Global Market Share in Network Business
Global FTTx Revenue by Vendor
DASAN Networks, Zhone
DASAN Networks + Zhone
Source by Infonetics Research, 2Q 2015
Huawei
Alcatel-Lucent
ZTE
Calix
Adtran
Fiberhome
Mitsubishi
Zhone
ECI
Zyxel
Fujitsu
DASAN Networks
Huawei
Alcatel-Lucent
ZTE
Calix
Adtran
Fiberhome
DASAN Zhone Solutions
MASKATEL
MTS
OMNILEC
GRM
PRIMUS
TELUS
GOLDEN WEST
SRT
CONSOLIDATED
INTERBEL
BIRCH
NORTH STATE
CURATEL
AXTEL
PRT
YADTEL
GTD
GVT
COPACO
TELEFONICA
ETISALAT
SAUDI TELECOM
CAT
TOT
VENTELO
TELEKOM SRBIJA
MULTIMEDIA
LNTENO
UPDATA.NET
T MOBILE
OGERO TELECOM
MOBILY
TELECOM EGYPT
PCCW
ELMAT KT
SKB
LGU+
NTT
KDDI
SoftBank
VIETTEL
BSNL
CHT
FURUKAWA
OPTICOMM
DASAN Area
Zhone Area

13. 7.3 Main Subsidiaries – besides Network Business
Business structure upstream by subsidiaries cooperation
(Car network, Automotive application component and IoT, etc.)
(Unit: KRW bn)
Kosdaq
Solueta [24.8%]
2017A (For the fiscal year ended December 31, 2017)
Sales 41.8 ㅣ OP 3.1 ㅣ NP 0.7
Kosdaq
Handy Soft
[17.6%]
2017A (For the fiscal year ended December 31, 2017)
Sales 40.1 ㅣ OP -1.3 ㅣ NP -4.6
IoT Platform
Connected Car Service
Collaborative software (Groupware, etc.)
IoT platform
Conductivity material for electromagnetic shield
Subsidiary of Solueta
DMC [100.0%]
2017A (For the fiscal year ended December 31, 2017)
Sales ㅣ OP 0.8 ㅣ NP -4
Subsidiary of Solueta
DTS [50.2%]
2016A (For the fiscal year Ended March 31, 2017)
Sales 33.9 ㅣ OP 0.07 ㅣ NP -1.4
ACC (Air Cooled Vacuum Condenser),
Heat exchangers for industrial
Automotive rubber component and network,
Camera system for vehicle

14. 8. Business Performance and Financial Results (Consolidated)
■ Sales
■ Asset / Cash
(Unit: KRW bn)
(Unit: KRW bn)
371.3
300.0
307.1
355.5
345.6
Total asset
CAGR 23.3%
300.0
222.8
259.0
200.0
200.0
180.6
164.0
100.0
100.0
Cash equivalents
52.8
34.0
47.0
17.0
2014
2015
2016
2017
2014
2015
2016
2017
■ Operating Profit
■ Liability / Short-term Liabilities
(Unit: KRW bn)
(Unit: KRW bn)
10.0
223.6
Total liabilities
200.0
218.6
182.1
2.4
0.03
125.3
(4.1)
(13.3)
100.0
Short-term liabilities
88.3
69.1
-10.0
66.4
63.3
2014
2015
2016
2017
2014
2015
2016
2017

15. 9. DASAN Vision Network Solutions Software Auto Parts Engineering EMC
Creating synergy across primary business units (Network, Software, Automobile, Engineering, etc.)
Developing new business model for continuous growth (IoT, Electric Vehicle, etc.)
Network
Solutions
Software l IoT
Network solutions
Software
Connected Car
Network solutions
Auto Parts
Engineering
EMC
Automotive parts and
network solutions for automobiles
Heat Exchanger
EMC Materials