Slide 1: Catcher Technology 2024 Q1 Earnings Results
Catcher Technology 2024 Q1 Earnings Results 2024/05 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: 1Q24 Financial Summary
1Q24 Financial Summary • Revenue reached NT$ 3.659bn, +10.6% q-q due to improved shipment after the Chinese Lunar New Year holiday, +3.3% y-y due to a low base. • Gross profit reached NT$ 1.02bn, +24.6% q-q and +25.6% y-y; gross margin was 27.9%, +3.2pp q-q and +5.0pp y-y due to a larger revenue sca
Slide 4: 1Q24 vs. 4Q23 Profit & Loss
1Q24 vs. 4Q23 Profit & Loss 1Q24 4Q23 (In NTD mn) Amount % Amount % qoq Revenue 3,659 100.0% 3,307 100.0% 10.6% Gross Profit 1,020 27.9% 818 24.7% 24.6% Opt. Expense 731 20.0% 765 23.1% -4.4% Opt. Profit 288 7.9% 53 1.6% 444.1% Non-Opt. Income 5,610 153.3% (1,170) -35.4% N.M. Net Profit Before Tax 5
Slide 5: 1Q24 vs. 1Q23 Profit & Loss
1Q24 vs. 1Q23 Profit & Loss 1Q24 1Q23 (In NTD mn) Amount % Amount % yoy Revenue 3,659 100.0% 3,542 100.0% 3.3% Gross Profit 1,020 27.9% 812 22.9% 25.6% Opt. Expense 731 20.0% 828 23.4% -11.6% Opt. Profit 288 7.9% (16) -0.4% N.M. Non-Opt. Income 5,610 153.3% 1,183 33.4% 374.2% Net Profit Before Tax 5
Slide 6: Revenue & Gross Margin
Revenue & Gross Margin 35,000 Revenue (NT$ mn) 70% Gross Margin 30,000 60% 49.0% 25,000 50% 48.1% 43.5% 42.4% 20,000 42.6% 42.3% 40% 35.4% 41.7% 36.7% 32.1% 33.1% 34.1% 34.1% 31.8% 32.9% 30.1% 15,000 28.9% 29.6% 27.9% 30% 25.4% 25.4% 28.4% 24.7% 23.8% 23.1% 23.1% 24.4% 22.9% 10,000 20% 22.9% 5,000 1
Slide 7: Opt Profit & Opt Margin
Opt Profit & Opt Margin 12,000 Opt. Profit (NT$ mn) 60% Opt. Margin 10,000 50% 38.1% 8,000 36.2% 40% 32.6% 33.0% 36.7% 6,000 33.4% 30% 32.4% 27.2% 23.1% 22.7% 22.2% 22.0% 20.4% 4,000 18.0% 19.0% 19.8% 20% 15.4% 20.4% 17.9% 15.1% 16.1% 16.1% 15.0% 11.5% 2,000 7.9% 10% 9.1% 5.1% 1.6% 0 0% 2Q17 3Q21 1Q
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 1Q24 4Q23 1Q23 Total Assets 254,702 100% 256,380 100% 242,532 100% Cash 32,524 13% 42,463 17% 63,556 26% Current Asset 116,756 46% 121,621 47% 152,667 63% Fixed Asset 12,581 5% 12,772 5% 13,823 6% Total Liabilities 88,199 35% 98,421 38% 81,671 34% Current Liabi
Slide 9: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 1Q24 1Q23 Beginning Balance 42,463 57,547 Cash from operating activities (965) 2,765 Depreciation & amortization 592 746 Cash from investing activities 522 2,208 Capital expenditure (62) (73) Cash from financing activities (10,807) 1,299 Short-term & long-term loan
Slide 10: Appendix
Appendix
Slide 11: Revenue Trend (2001 – 2023)
Revenue Trend (2001 – 2023) 120 Revenue (NT$ bn) 95.42 100 93.30 91.63 82.41 82.51 79.11 80 60 55.28 43.25 41.09 40 35.91 37.03 27.82 19.05 21.85 18.09 18.07 20 15.14 16.99 9.59 5.01 1.01 1.85 3.42 0 2008 2001 2002 2003 2004 2005 2006 2007 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 12: EPS Trend (2001 – 2023)
EPS Trend (2001 – 2023) 40.00 EPS (NT$) 36.31 35.00 32.61 28.58 30.00 28.35 27.65 25.00 23.52 20.00 18.38 15.68 14.93 15.14 14.4 14.63 15.00 13.93 13.33 13.29 11.31 9.25 10.00 7.25 6.66 6.34 5.01 5.00 2.40 2.44 0.00 2018 2019 2020 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Slide 13: 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