Catcher Technology Co., Ltd. · TWSE:2474
Catcher Technology — Q4 2019 Earnings Presentation
15 slides from Catcher Technology's earnings presentation, March 2020
Slide 1: Catcher Technology 2019 Q4 & Year 2019 Earnings Results
Catcher Technology 2019 Q4 & Year 2019 Earnings Results 2020/03 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: 4Q19 Financial Summary
4Q19 Financial Summary • Rev. NT$31.9bn, +14.8% q-q; +9.5% y-y; due to new product launch. • GM 25.4%, +2.3% q-q driven by revenue growth, but down 11.3% y-y mainly from lower ASP. • OPM 18%, +1.9% q-q/ -9.3% y-y. • NPBT 4.9bn, -17.8% q-q/ -51.6% y-y due to lower GM and FX losses as a result of US d
Slide 4: 2019 Financial Summary
2019 Financial Summary • Rev. NT$91.6bn, down 4% y-y due to lukewarm phone demand in H1 & lower ASP. • GP 22.3bn, -42.3% y-y; GM 24.3%, -16.2% y-y. • OP 14.1bn, -52.3% y-y; OPM 15.4%, -15.6% y-y; both due to lower UTR & ASP. • NPBT 20.0bn, -51.6% y-y. Margin 21.8%, -21.5% y-y. • NPAT 11.3bn, -59.7%
Slide 5: 4Q19 vs. 3Q19 P/L
4Q19 vs. 3Q19 P/L 4Q19 3Q19 (In NTD mn) Amount % Amount % qoq Revenue 31,933 100.0% 27,817 100.0% 14.8% GP 8,118 25.4% 6,435 23.1% 26.2% OPEX 2,374 7.4% 1,970 7.1% 20.6% OP 5,744 18.0% 4,466 16.1% 28.6% Non-OP - 865 -2.7% 1,473 5.3% -158.7% NPBT 4,879 15.3% 5,938 21.3% -17.8% NPAT 3,449 10.8% 3,399
Slide 6: 4Q19 vs. 4Q18 P/L
4Q19 vs. 4Q18 P/L 4Q19 4Q18 (In NTD mn) Amount % Amount % yoy Revenue 31,933 100.0% 29,165 100.0% 9.5% GP 8,118 25.4% 10,698 36.7% -24.1% OPEX 2,374 7.4% 2,753 9.4% -13.8% OP 5,744 18.0% 7,944 27.2% -27.7% Non-OP - 865 -2.7% 2,137 7.3% -140.5% NPBT 4,879 15.3% 10,081 34.6% -51.6% NPAT 3,449 10.8% 6,
Slide 7: 2019 vs. 2018 P/L
2019 vs. 2018 P/L 2019 2018 (In NTD mn) Amount % Amount % yoy Revenue 91,628 100.0% 95,416 100.0% -4.0% GP 22,267 24.3% 38,624 40.5% -42.3% OPEX 8,158 8.9% 9,020 9.5% -9.6% OP 14,109 15.4% 29,604 31.0% -52.3% Non-OP 5,874 6.4% 11,715 12.3% -49.9% NPBT 19,983 21.8% 41,319 43.3% -51.6% NPAT 11,272 12.
Slide 8: Revenue & GM
Revenue & GM 35,000 Revenue (NT$ mn) GM 60.0% 32,794 31,933 30,000 50.0% 29,165 27,817 50.0% 48.1% 27,422 49.0% 25,090 43.5% 42.6% 42.3% 25,000 42.8% 24,016 42.6% 42.4% 41.7% 40.0% 36.7% 36.1% 20,731 20,406 20,755 20,000 18,500 17,524 16,843 30.0% 15,804 16,075 14,580 15,000 25.4% 23.1% 23.1% 25.4%
Slide 9: OP & OPM
OP & OPM 14,000 45.0% OP (NT$ mn) OPM 40.9% 38.1% 11,867 40.0% 12,000 36.7% 36.2% 34.5% 33.6% 33.4% 35.0% 32.6% 32.4% 9,824 33.0% 10,000 9,165 28.0% 30.0% 27.2% 8,287 7,944 8,000 25.0% 6,956 7,049 6,654 6,719 6,000 5,804 5,744 20.0% 5,352 18.0% 4,906 16.1% 4,466 15.0% 15.4% 4,000 9.1% 10.0% 2,432 2,
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 4Q19 3Q19 4Q18 Total Assets 243,114 100% 252,051 100% 257,160 100% Cash 69,017 28% 66,594 26% 29,305 11% Current Asset 191,845 79% 197,769 78% 196,505 76% Fixed Asset 41,297 17% 44,255 18% 50,264 20% Total Liabilities 94,526 39% 102,542 41% 105,836 41% Current
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 2019 2018 Beginning Balance 29,305 17,017 Cash from operating activities 25,802 26,929 Depreciation & Amortization 12,121 12,243 Cash from investing activities 28,651 - 29,972 Capital Expenditure - 4,030 - 10,988 Cash from financing activities - 13,377 16,007 Short-te
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2000 - 2019)
Revenue Trend (2000 - 2019) Revenue (NT$ bn) 120 100 95.42 93.30 CAGR=25.7% 91.63 82.41 79.11 80 60 55.28 43.25 40 35.91 37.03 21.85 20 18.09 19.05 16.99 15.14 9.59 3.42 5.01 1.19 1.01 1.85 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CATCHER
Slide 14: EPS Trend (2000 - 2019)
EPS Trend (2000 - 2019) 40 36.31 35 32.61 30 28.58 28.35 25 23.52 20 18.38 15.68 14.93 14.4 14.63 15 13.93 13.29 10 9.25 7.25 6.66 6.34 5.01 5 4.3 2.4 2.44 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CATCHER confidential 14
Slide 15: Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing Investor Relations Kristen Fang 方文妍 Teresa Wang 王彤 +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential