Slide 1: Catcher Technology 2022 Q4 Earnings Results
Catcher Technology 2022 Q4 Earnings Results 2023/02 CATCHER confidential
Slide 2: Disclaimer
Disclaimer • This presentation contain “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: 4Q22 Financial Summary
4Q22 Financial Summary • Total revenue reached NT$ 6.646bn; -23.4% q-q due to weak demand, off-peak season, and ODMs’ stricter inventory control which slowed down shipment, -18.9% y-y due to global economic slowdown. • Gross profit was NT$ 2.267bn, -23.5% q-q/-16.4% y-y. Gross margin was 34.1%, flat
Slide 4: 2022 Financial Summary
2022 Financial Summary • Total revenue reached NT$ 27.821bn, -32.3% y-y due to geopolitical turmoil, supply chain disruptions, global economic slowdown and weak demand. • Gross profit was NT$ 8.867bn, -34.7% y-y. Gross margin was 31.9%, -1.1pp y-y, due to a smaller revenue scale despite product mix
Slide 5: 4Q22 vs. 3Q22 Profit & Loss
4Q22 vs. 3Q22 Profit & Loss 4Q22 3Q22 (In NTD mn) Amount % Amount % qoq Revenue 6,646 100.0% 8,675 100.0% -23.4% Gross Profit 2,267 34.1% 2,962 34.1% -23.5% Opt. Expense 910 13.7% 1,050 12.1% -13.4% Opt. Profit 1,357 20.4% 1,911 22.0% -29.0% Non-Opt. Income (1,066) -16.0% 6,812 78.5% -115.7% Net Pro
Slide 6: 4Q22 vs. 4Q21 Profit & Loss
4Q22 vs. 4Q21 Profit & Loss 4Q22 4Q21 (In NTD mn) Amount % Amount % yoy Revenue 6,646 100.0% 8,196 100.0% -18.9% Gross Profit 2,267 34.1% 2,711 33.1% -16.4% Opt. Expense 910 13.7% 1,156 14.1% -21.3% Opt. Profit 1,357 20.4% 1,554 19.0% -12.7% Non-Opt. Income (1,066) -16.0% 2,844 34.7% -137.5% Net Pro
Slide 7: 2022 vs. 2021 Profit & Loss
2022 vs. 2021 Profit & Loss 2022 2021 (In NTD mn) Amount % Amount % yoy Revenue 27,821 100.0% 41,095 100.0% -32.3% Gross Profit 8,867 31.9% 13,569 33.0% -34.7% Opt. Expense 3,898 14.0% 4,809 11.7% -18.9% Opt. Profit 4,969 17.9% 8,760 21.3% -43.3% Non-Opt. Income 11,574 41.6% 3,311 8.1% 249.6% Net Pr
Slide 8: Revenue & Gross Margin
Revenue & Gross Margin 35,000 Revenue (NT$ mn) 60% Gross Margin 30,000 49.0% 50% 48.1% 43.5% 25,000 42.3% 42.4% 42.6% 41.7% 40% 36.7% 35.4% 34.1% 34.1% 33.1% 20,000 32.1% 30.1% 28.9% 31.8% 30% 25.4% 29.6% 28.4% 15,000 25.4% 24.4% 23.1% 23.1% 22.9% 20% 10,000 10% 5,000 0 0% 1Q17 2Q17 3Q17 4Q17 1Q18 2
Slide 9: Opt Profit & Opt Margin
Opt Profit & Opt Margin 14,000 Opt. Profit (NT$ mn) 45% Opt. Margin 38.1% 36.2% 40% 12,000 36.7% 33.0% 35% 33.4% 10,000 32.6% 32.4% 30% 27.2% 8,000 23.1% 25% 22.7% 22.0% 22.2% 18.0% 20.4% 19.0% 20% 6,000 20.4% 16.1% 15.4% 17.9% 15.1% 15% 16.1% 4,000 15.0% 11.5% 10% 9.1% 2,000 5% 0 0% 1Q17 2Q17 3Q17
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 4Q22 3Q22 4Q21 Total Assets 241,563 100% 268,558 100% 246,903 100% Cash 57,529 24% 106,912 40% 53,115 22% Current Asset 188,978 78% 215,025 80% 195,318 79% Fixed Asset 14,338 6% 15,356 6% 17,868 7% Total Liabilities 75,760 31% 98,752 37% 95,476 39% Current Liab
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 2022 2021 Beginning Balance 53,115 111,883 Cash from operating activities 13,649 9,525 Depreciation & amortization 3,450 4,919 Cash from investing activities 16,599 (62,263) Capital expenditure (469) (982) Cash from financing activities (33,351) (5,552) Short-term
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 – Innovative Leader in Casing
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