Catcher Technology Co., Ltd. · TWSE:2474
Catcher Technology — Q1 2023 Earnings Presentation
13 slides from Catcher Technology's earnings presentation, May 9, 2023
Slide 1: Catcher Technology 2023 Q1 Earnings Results
Catcher Technology 2023 Q1 Earnings Results 2023/05 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: 1Q23 Financial Summary
1Q23 Financial Summary • Revenue reached NT$ 3.542bn; -46.7% q-q due to weak demand and inventory adjustment which slowed down shipment, -51.0% y-y due to stagnant global economy. • Gross margin was 22.9%; -11.2pp q-q and -6.7pp y-y due to a smaller revenue scale despite product mix adjustment and l
Slide 4: 1Q23 vs. 4Q22 Profit & Loss
1Q23 vs. 4Q22 Profit & Loss 1Q23 4Q22 (In NTD mn) Amount % Amount % qoq Revenue 3,542 100.0% 6,646 100.0% -46.7% Gross Profit 812 22.9% 2,267 34.1% -64.2% Opt. Expense 828 23.4% 910 13.7% -9.0% Opt. Profit (16) -0.4% 1,357 20.4% -101.2% Non-Opt. Income 1,183 33.4% (1,066) -16.0% N.M. Net Profit Befo
Slide 5: 1Q23 vs. 1Q22 Profit & Loss
1Q23 vs. 1Q22 Profit & Loss 1Q23 1Q22 (In NTD mn) Amount % Amount % yoy Revenue 3,542 100.0% 7,221 100.0% -51.0% Gross Profit 812 22.9% 2,139 29.6% -62.0% Opt. Expense 828 23.4% 1,046 14.5% -20.9% Opt. Profit (16) -0.4% 1,093 15.1% -101.4% Non-Opt. Income 1,183 33.4% 1,951 27.0% -39.4% Net Profit Be
Slide 6: Revenue & Gross Margin
Revenue & Gross Margin 35,000 Revenue (NT$ mn) 60% Gross Margin 30,000 49.0% 50% 48.1% 43.5% 42.3% 42.4% 25,000 42.6% 41.7% 35.4% 40% 36.7% 32.1% 34.1% 34.1% 33.1% 20,000 31.8% 30.1% 28.9% 30% 25.4% 29.6% 15,000 23.1% 28.4% 22.9% 25.4% 23.1% 24.4% 22.9% 20% 10,000 10% 5,000 0 0% 1Q17 2Q17 3Q17 4Q17
Slide 7: Opt Profit & Opt Margin
Opt Profit & Opt Margin 14,000 45% Opt. Profit (NT$ mn) 38.1% Opt. Margin 36.2% 40% 12,000 36.7% 32.6% 33.0% 35% 33.4% 10,000 32.4% 27.2% 30% 8,000 23.1% 25% 22.7% 22.2% 22.0% 20.4% 18.0% 6,000 15.4% 20% 20.4% 16.1% 16.1% 17.9% 19.0% 15% 4,000 15.1% 15.0% 9.1% 11.5% 10% 2,000 5% -0.4% 0 0% 1Q17 2Q17
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 1Q23 4Q22 1Q22 Total Assets 242,532 100% 241,563 100% 244,770 100% Cash 63,547 26% 57,529 24% 41,424 17% Current Asset 152,657 63% 188,978 78% 193,668 79% Fixed Asset 13,823 6% 14,338 6% 17,559 7% Total Liabilities 81,671 34% 75,760 31% 87,750 36% Current Liabi
Slide 9: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 1Q23 1Q22 Beginning Balance 57,529 53,115 Cash from operating activities 2,765 2,992 Depreciation & amortization 746 931 Cash from investing activities 2,216 (7,019) Capital expenditure (73) (147) Cash from financing activities 1,299 (8,854) Short-term & long-term
Slide 10: Appendix
Appendix
Slide 11: 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 12: 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 13: 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