Slide 1: Catcher Technology 2023 Q3 Earnings Results
Catcher Technology 2023 Q3 Earnings Results 2023/11 CATCHER confidential
Slide 2: Disclaimer
Disclaimer • This presentation contains “forward-looking statements”- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects” , “anticipates”,
Slide 3: 3Q23 Financial Summary
3Q23 Financial Summary • Revenue reached NT$ 4.333bn, -37.1% q-q and -50.0% y-y due to continued weakness in demand, disappointing peak season and transition of new and old models which resulting in a production window period. • Gross margin was 23.8%; -9.1pp q-q and -10.3pp y-y, due to weak demand
Slide 4: 9M23 Financial Summary
9M23 Financial Summary • Total revenue reached NT$ 14.767bn, -30.3% y-y due to weak demand and slow supply chain destocking. • Gross profit was NT$ 4.116bn, -37.6% y-y. Gross margin was 27.9%, -3.3pp y-y, due to weak demand dragging down sales momentum, which offset the positive effect from product
Slide 5: 3Q23 vs. 2Q23 Profit & Loss
3Q23 vs. 2Q23 Profit & Loss 3Q23 2Q23 (In NTD mn) Amount % Amount % qoq Revenue 4,333 100.0% 6,892 100.0% -37.1% Gross Profit 1,033 23.8% 2,271 32.9% -54.5% Opt. Expense 811 18.7% 904 13.1% -10.3% Opt. Profit 223 5.1% 1,367 19.8% -83.7% Non-Opt. Income 5,041 116.3% 5,612 81.4% -10.2% Net Profit Befo
Slide 6: 3Q23 vs. 3Q22 Profit & Loss
3Q23 vs. 3Q22 Profit & Loss 3Q23 3Q22 (In NTD mn) Amount % Amount % yoy Revenue 4,333 100.0% 8,675 100.0% -50.0% Gross Profit 1,033 23.8% 2,962 34.1% -65.1% Opt. Expense 811 18.7% 1,050 12.1% -22.8% Opt. Profit 223 5.1% 1,911 22.0% -88.3% Non-Opt. Income 5,041 116.3% 6,812 78.5% -26.0% Net Profit Be
Slide 7: 9M23 vs. 9M22 Profit & Loss
9M23 vs. 9M22 Profit & Loss 9M23 9M22 (In NTD mn) Amount % Amount % yoy Revenue 14,767 100.0% 21,174 100.0% -30.3% Gross Profit 4,116 27.9% 6,600 31.2% -37.6% Opt. Expense 2,542 17.2% 2,988 14.1% -14.9% Opt. Profit 1,574 10.7% 3,612 17.1% -56.4% Non-Opt. Income 11,836 80.2% 12,641 59.7% -6.4% Net Pr
Slide 8: Revenue & Gross Margin
Revenue & Gross Margin 35,000 70% Revenue (NT$ mn) Gross Margin 30,000 60% 49.0% 25,000 50% 48.1% 43.5% 42.6% 42.4% 20,000 42.3% 35.4% 40% 41.7% 36.7% 34.1% 34.1% 32.1% 33.1% 31.8% 32.9% 30.1% 15,000 28.9% 30% 25.4% 25.4% 29.6% 28.4% 24.4% 23.8% 10,000 23.1% 23.1% 22.9% 22.9% 20% 5,000 10% 0 0% 4Q20
Slide 9: Opt Profit & Opt Margin
Opt Profit & Opt Margin 15,000 38.1% 40% 36.7% Opt. Profit (NT$ mn) 36.2% Opt. Margin 13,000 35% 32.6% 33.0% 33.4% 32.4% 11,000 27.2% 30% 9,000 23.1% 25% 22.7% 22.2% 22.0% 20.4% 7,000 18.0% 20% 20.4% 15.4% 19.0% 19.8% 17.9% 5,000 15% 16.1% 16.1% 15.0% 15.1% 3,000 11.5% 10% 9.1% 5.1% 1,000 5% 3Q20 1Q
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 3Q23 2Q23 3Q22 Total Assets 262,045 100% 253,135 100% 268,558 100% Cash 69,712 27% 57,820 23% 106,912 40% Current Asset 132,273 50% 136,224 54% 215,025 80% Fixed Asset 13,061 5% 13,023 5% 15,356 6% Total Liabilities 99,320 38% 93,436 37% 98,752 37% Current Liab
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 9M23 9M22 Beginning Balance 57,529 53,115 Cash from operating activities 7,903 13,551 Depreciation & amortization 2,161 2,677 Cash from investing activities (4,106) 42,554 Capital expenditure (317) (381) Cash from financing activities 7,117 (11,076) Short-term & lo
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2001 – 2022)
Revenue Trend (2001 – 2022) 120 Revenue (NT$ bn) 100 95.42 93.30 91.63 82.41 82.51 79.11 80 60 55.28 43.25 41.09 37.03 40 35.91 27.82 19.05 21.85 18.09 20 16.99 15.14 9.59 3.42 5.01 1.01 1.85 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2
Slide 14: EPS Trend (2001 – 2022)
EPS Trend (2001 – 2022) 40 EPS (NT$) 36.31 35 32.61 30 28.58 28.35 27.65 25 23.52 20 18.38 15.68 15.14 14.93 14.4 14.63 15 13.93 13.29 11.31 9.25 10 7.25 6.34 6.66 5.01 5 2.40 2.44 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 CATCHER
Slide 15: Catcher Technology – Investor Relations
Catcher Technology – Innovative Leader in Casing Investor Relations Nora Hou Abby Chu nora.hou@catcher-group.com abby.chu@catcher-group.com +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential