Slide 1: Catcher Technology – Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing 2013 Q2 Earnings Conference Investor Relations 20130805 CATCHER
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”, “i
Slide 3: 2Q13 Business Review
2Q13 Business Review Catcher Confidential 2013
Slide 4: Consolidated Balance Sheet
Consolidated Balance Sheet * IFRS (NTD MM) 2Q13 % 1Q13 % 2Q12 % Total Assets 99,749 100% 110,420 100% 95,030 100% Cash 34,408 35% 47,015 42% 40,147 42% Current Asset 60,640 61% 74,331 67% 61,310 65% Fixed Asset 33,215 33% 31,807 29% 28,622 30% 2,220 2.0% 2,220 2.0% 3,053 3.0% Total Liabilities 32,47
Slide 5: 2Q 2013 Consolidated P/L
2Q 2013 Consolidated P/L * IFRS * IFRS * IFRS (NTD MM) 2Q13 % 1Q13 % QoQ 2Q12 % YoY Revenue 10,460 100.0% 9,232 100.0% 13.3% 9,646 100.0% 8.4% Gross Profit 4,652 44.5% 3,852 41.7% 20.8% 4,359 45.2% 6.7% Op Exp. 1,025 9.8% 922 10.0% 11.2% 1,020 10.6% 0.5% Op Profit 3,627 34.7% 2,930 31.7% 23.8% 3,339
Slide 6: 2013 H1 Consolidated P/L
2013 H1 Consolidated P/L (NTD MM) 2013 H1 % 2012 H1 % YoY Revenue 19,692 100.0% 18,302 100.0% 7.6% Gross Profit 8,504 43.2% 7,920 43.3% 7.4% Op Exp. 1,947 9.9% 1,949 10.6% -0.1% Op Profit 6,557 33.3% 5,971 32.6% 9.8% NPBT 9,516 48.3% 6,333 34.6% 50.3% NPAT 7,558 38.4% 4,255 23.3% 77.6% EPS (NTD) $10
Slide 7: Quarterly Revenue
Quarterly Revenue (NT$ Million) Revenue x Gross Margin Rate 18000 60.0% 52.3% 15000 47.1% 46.3% 50.0% 45.2% 44.5% 44.5% 40.0% 41.1% 42.0% 41.7% 12000 10773 40.0% 10460 9646 9912 8897 9147 8815 9232 8656 9000 30.0% 7096 6000 20.0% 3000 10.0% 0 0.0% 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 Sa
Slide 8: Operating Profit & Margins
Operating Profit & Margins Operating Profit & Margin Rate (NT$ Million) 50.0% 6000 42.1% 36.2% 37.6% 34.7% 40.0% 5000 34.6% 4533 31.9% 34.0% 31.7% 28.5% 30.4% 4000 3627 30.0% 3222 3441 3341 3371 2814 2930 3000 2632 20.0% 2018 2000 10.0% 1000 0 0.0% 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 O
Slide 9: Cash Flow
Cash Flow * IFRS (NTD MM) 2013 H1 2012 H1 Beginning Balance 45,400 35,542 Cash from operating activities 11,733 6,089 Capital expenditures (3,169) (2,840) Cash Dividends 0 0 Short-term & Long-term loans (13,244) 1,438 Proceeds from GDR & bonds 0 0 Others (6,312) 82 Ending Balance 34,408 40,147 EBITD
Slide 10: Appendix
Appendix Catcher Confidential 2013
Slide 11: Annual Revenue (2000 ~ 2012)
Annual Revenue (2000 ~ 2012) NT$ Billion 50 45 40 37.03 35.9 35 30 CAGR = 30.3% 25 21.85 20 18.09 19.05 16.99 15.14 15 9.59 10 5.01 5 3.4 1.19 1.01 1.85 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Sales Revenue Catcher Confidential 2013 11
Slide 12: Gross Margin & Net Profit after Tax (2000~2012)
Gross Margin & Net Profit after TAX (2000~ 2012) Unit: NT Million ; % 16000 52.2% 50.5% 47.1% 50% 14000 48.1% 47.0% 43.6% 43.3% 42.5% 41.5% 39.9% 12000 36.4% 10,909 40% 35.3% 10,665 10000 35.5% 30% 8000 7,216 6,470 6000 20% 4,361 4,447 3,797 4000 3,331 10% 2000 1,735 983 252 305 327 0 0% 2000 2001 2
Slide 13: Thank you!
Thank you! 13 Catcher Confidential 2013