Catcher Technology Co., Ltd. · TWSE:2474
Catcher Technology — Q4 2023 Earnings Presentation
15 slides from Catcher Technology's earnings presentation, Feb 22, 2024
Slide 1: Catcher Technology 2023 Q4 Earnings Results
Catcher Technology 2023 Q4 Earnings Results 2024/02 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: 4Q23 Financial Summary
4Q23 Financial Summary • Revenue reached NT$ 3.307bn, -23.7% q-q and -50.2% y-y due to continued weakness in demand, a disappointing peak season, transition of new and old models, and clients’ year-end stock taking. • Gross profit reached NT$ 818mn, -20.8% q-q and -63.9% y-y; gross margin was 24.7%;
Slide 4: 2023 Financial Summary
2023 Financial Summary • Total revenue reached NT$ 18.074bn, -35.0% y-y due to weak demand. • Gross profit was NT$ 4.934bn, -44.4% y-y. Gross margin was 27.3%, -4.6pp y-y, due to weak demand dragging down sales momentum, which offset the positive effect from product mix adjustment and lower deprecia
Slide 5: 4Q23 vs. 3Q23 Profit & Loss
4Q23 vs. 3Q23 Profit & Loss 4Q23 3Q23 (In NTD mn) Amount % Amount % qoq Revenue 3,307 100.0% 4,333 100.0% -23.7% Gross Profit 818 24.7% 1,033 23.8% -20.8% Opt. Expense 765 23.1% 811 18.7% -5.6% Opt. Profit 53 1.6% 223 5.1% -76.2% Non-Opt. Income -1,170 -35.4% 5,041 116.3% -123.2% Net Profit Before T
Slide 6: 4Q23 vs. 4Q22 Profit & Loss
4Q23 vs. 4Q22 Profit & Loss 4Q23 4Q22 (In NTD mn) Amount % Amount % yoy Revenue 3,307 100.0% 6,646 100.0% -50.2% Gross Profit 818 24.7% 2,267 34.1% -63.9% Opt. Expense 765 23.1% 910 13.7% -15.9% Opt. Profit 53 1.6% 1,357 20.4% -96.1% Non-Opt. Income -1,170 -35.4% -1,066 -16.0% N.M. Net Profit Before
Slide 7: 2023 vs. 2022 Profit & Loss
2023 vs. 2022 Profit & Loss 2023 2022 (In NTD mn) Amount % Amount % yoy Revenue 18,074 100.0% 27,821 100.0% -35.0% Gross Profit 4,934 27.3% 8,867 31.9% -44.4% Opt. Expense 3,307 18.3% 3,898 14.0% -15.2% Opt. Profit 1,627 9.0% 4,969 17.9% -67.3% Non-Opt. Income 10,666 59.0% 11,574 41.6% -7.8% Net Pro
Slide 8: Revenue & Gross Margin
Revenue & Gross Margin 35,000 Revenue (NT$ mn) 70% Gross Margin 30,000 60% 49.0% 25,000 48.1% 50% 43.5% 42.6% 42.4% 20,000 35.4% 40% 41.7% 42.3% 34.1% 34.1% 36.7% 32.1% 33.1% 31.8% 32.9% 30.1% 15,000 28.9% 30% 25.4% 29.6% 28.4% 25.4% 24.7% 10,000 23.1% 23.1% 24.4% 22.9% 22.9% 23.8% 20% 5,000 10% 0 0
Slide 9: Opt Profit & Opt Margin
Opt Profit & Opt Margin 14,000 Opt. Profit (NT$ mn) 60% Opt. Margin 12,000 50% 10,000 38.1% 36.7% 40% 36.2% 33.0% 8,000 33.4% 32.6% 32.4% 30% 27.2% 23.1% 6,000 22.7% 22.2% 22.0% 18.0% 20.4% 19.8% 20% 20.4% 4,000 17.9% 19.0% 15.4% 16.1% 16.1% 15.1% 15.0% 11.5% 10% 2,000 9.1% 5.1% 1.6% 0% 0 3Q20 1Q17
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 4Q23 3Q23 4Q22 Total Assets 256,380 100% 262,045 100% 241,563 100% Cash 42,463 17% 69,712 27% 57,547 24% Current Asset 121,621 47% 132,273 50% 188,996 78% Fixed Asset 12,772 5% 13,061 5% 14,338 6% Total Liabilities 98,421 38% 99,320 38% 75,760 31% Current Liabi
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 2023 2022 Beginning Balance 57,547 53,874 Cash from operating activities 9,181 13,649 Depreciation & amortization 2,780 3,450 Cash from investing activities -30,268 15,857 Capital expenditure -403 -469 Cash from financing activities 6,457 -33,350 Short-term & long-
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2001 – 2023)
Revenue Trend (2001 – 2023) 120 Revenue (NT$ bn) 95.42 100 93.30 91.63 82.41 82.51 79.11 80 60 55.28 43.25 41.09 40 35.91 37.03 27.82 19.05 21.85 18.09 18.07 20 15.14 16.99 9.59 5.01 1.01 1.85 3.42 0 2008 2001 2002 2003 2004 2005 2006 2007 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 14: EPS Trend (2001 – 2023)
EPS Trend (2001 – 2023) 40.00 EPS (NT$) 36.31 35.00 32.61 28.58 30.00 28.35 27.65 25.00 23.52 20.00 18.38 15.68 14.93 15.14 14.4 14.63 15.00 13.93 13.33 13.29 11.31 9.25 10.00 7.25 6.66 6.34 5.01 5.00 2.40 2.44 0.00 2018 2019 2020 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
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