Slide 1: Catcher Technology 2020 Q3 Earnings Results
Catcher Technology 2020 Q3 Earnings Results 2020/10 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: 3Q20 Financial Summary
3Q20 Financial Summary • Rev. NT$23.7bn, +5.0% q-q due to sound NB/tablet growth driven by work from home/home education; -14.9% y-y due to high base on new smartphone model shipment. • GM 28.9%, +6.0% q-q/ +5.7% y-y mainly driven by revenue growth, product mix or cost control. • OPM 22.7%, +7.7% q-
Slide 4: 9M20 Financial Summary
9M20 Financial Summary • Rev. NT$63.8bn, +6.9% y-y with demand growth across major product lines. • GP 16.3bn, +15.1% y-y; GM 25.5%, +1.8% y-y thanks to revenue growth, product mix and cost control. • OP 11.6bn, +38.6% y-y; OPM 18.2%, +4.2% y-y due to better GM and lower OPEX. • NPBT 13.5bn, -10.6%
Slide 5: 3Q20 vs. 2Q20 P/L
3Q20 vs. 2Q20 P/L 3Q20 2Q20 (In NTD mn) Amount % Amount % qoq Revenue 23,668 100.0% 22,538 100.0% 5.0% GP 6,835 28.9% 5,165 22.9% 32.3% OPEX 1,455 6.1% 1,782 7.9% -18.3% OP 5,380 22.7% 3,384 15.0% 59.0% Non-OP - 1,866 -7.9% 1,232 5.5% n.m. NPBT 3,514 14.8% 4,615 20.5% -23.9% NPAT 569 2.4% 2,766 12.3
Slide 6: 3Q20 vs. 3Q19 P/L
3Q20 vs. 3Q19 P/L 3Q20 2Q19 (In NTD mn) Amount % Amount % yoy Revenue 23,668 100.0% 27,817 100.0% -14.9% GP 6,835 28.9% 6,435 23.1% 6.2% OPEX 1,455 6.1% 1,970 7.1% -26.1% OP 5,380 22.7% 4,466 16.1% 20.5% Non-OP - 1,866 -7.9% 1,473 5.3% n.m. NPBT 3,514 14.8% 5,938 21.3% -40.8% NPAT 569 2.4% 3,399 12.
Slide 7: 9M20 vs. 9M19 P/L
9M20 vs. 9M19 P/L 9M20 9M19 (In NTD mn) Amount % Amount % yoy Revenue 63,823 100.0% 59,695 100.0% 6.9% GP 16,291 25.5% 14,149 23.7% 15.1% OPEX 4,694 7.4% 5,783 9.7% -18.8% OP 11,597 18.2% 8,365 14.0% 38.6% Non-OP 1,910 3.0% 6,739 11.3% -71.7% NPBT 13,508 21.2% 15,104 25.3% -10.6% NPAT 7,257 11.4% 7,
Slide 8: Revenue & GM
Revenue & GM Revenue (NT$ mn) GM 35,000 60.0% 32,794 31,933 30,000 50.0% 29,165 27,817 50.0% 48.1%27,422 49.0% 43.5% 42.6% 42.3%25,090 25,000 42.8% 24,016 23,668 42.6% 42.4% 41.7% 22,538 40.0% 36.7% 36.1% 20,731 20,40620,755 20,000 18,500 17,524 17,616 16,843 30.0% 15,80416,075 28.9% 14,580 15,000 2
Slide 9: OP & OPM
OP & OPM 14,000 OP (NT$ mn) OPM 45.0% 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 22.7% 25.0% 6,956 7,049 6,654 6,719 6,000 5,804 5,744 20.0% 5,352 18.0% 5,380 4,906 16.1% 15.0% 4,466 16.1% 15.0% 15.4% 4
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 3Q20 2Q20 3Q19 Total Assets 244,114 100% 241,951 100% 252,051 100% Cash 91,165 37% 119,354 49% 66,594 26% Current Asset 174,763 72% 196,331 81% 197,769 78% Fixed Asset 34,318 14% 35,987 15% 44,255 18% Total Liabilities 100,367 41% 98,787 41% 102,542 41% Current
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 9M20 9M19 Beginning Balance 69,017 29,305 Cash from operating activities 17,289 11,188 Depreciation & Amortization 8,171 9,293 Cash from investing activities 11,201 28,820 Capital Expenditure - 1,050 - 3,144 Cash from financing activities - 5,158 - 2,733 Short-term &
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 – Investor Relations
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