Slide 1: Catcher Technology 2024 Q3 Earnings Results
Catcher Technology 2024 Q3 Earnings Results 2024/11 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: 3Q24 Financial Summary
3Q24 Financial Summary • Revenue reached NT$ 5.117bn; +9.5% q-q due to improved shipment from certain client, +18.1% y-y due to a low base last year. • Gross margin was 34.5%; +0.5pp q-q and +10.7pp y-y thanks to enlarged revenue scale and continued product mix adjustment. • Operating margin was 23.
Slide 4: 9M24 Financial Summary
9M24 Financial Summary • Total revenue reached NT$ 13.448bn, -8.9% y-y. The narrowing y-y decline suggests recovery in demand. • Gross profit was NT$ 4.377bn, +6.3% y-y. Gross margin was 32.5%, +4.6pp y-y, thanks to improved revenue momentum and product mix adjustment. • Operating profit was NT$ 2.4
Slide 5: 3Q24 vs. 2Q24 Profit & Loss
3Q24 vs. 2Q24 Profit & Loss 3Q24 2Q24 (In NTD mn) Amount % Amount % qoq Revenue 5,117 100.0% 4,672 100.0% 9.5% Gross Profit 1,767 34.5% 1,590 34.0% 11.1% Opt. Expense 569 11.1% 637 13.6% -10.6% Opt. Profit 1,198 23.4% 953 20.4% 25.6% Non-Opt. Income 764 14.9% 3,600 77.1% -78.8% Net Profit Before Tax
Slide 6: 3Q24 vs. 3Q23 Profit & Loss
3Q24 vs. 3Q23 Profit & Loss 3Q24 3Q23 (In NTD mn) Amount % Amount % yoy Revenue 5,117 100.0% 4,333 100.0% 18.1% Gross Profit 1,767 34.5% 1,033 23.8% 71.0% Opt. Expense 569 11.1% 811 18.7% -29.8% Opt. Profit 1,198 23.4% 223 5.1% 437.9% Non-Opt. Income 764 14.9% 5,041 116.3% -84.8% Net Profit Before T
Slide 7: 9M24 vs. 9M23 Profit & Loss
9M24 vs. 9M23 Profit & Loss 9M24 9M23 (In NTD mn) Amount % Amount % yoy Revenue 13,448 100.0% 14,767 100.0% -8.9% Gross Profit 4,377 32.5% 4,116 27.9% 6.3% Opt. Expense 1,938 14.4% 2,542 17.2% -23.8% Opt. Profit 2,439 18.1% 1,574 10.7% 55.0% Non-Opt. Income 9,975 74.2% 11,836 80.2% -15.7% Net Profit
Slide 8: Dividends
Dividends • The BoD resolved to pay cash dividends of NT$7.5 per share from 1H24 earnings, translating into a 64% payout 50 (NT$) 100% EPS EPS 90% 40 每股現金股利 Cash dividend per share 75% 80% 現金股利配發率 Payout ratio (RHS) 68% 66% 30 60% 60% 43% 47% 42% 42% 40% 35% 20 33% 33% 40% 31% 30% 10 27% 26% 20% 25%
Slide 9: Major Progresses
Major Progresses Medtech Semiconductor Minimally invasive surgical Machining components for devices, orthopedic implants front-end equipment Overseas expansion Strategic transformation I Strategic transformation II BoD redolved (2024-11-06) to • Group subsidiary has • Obtained certification and esta
Slide 10: ESG Spotlights
ESG Spotlights Catcher was selected again in June 2024 to be included in the "Taiwan Sustainability Index" constituent stocks • Invested over US$ 70mn in the China Clean Energy Fund and obtained green power certificates to support 100% renewable energy used in the plants in China • Submitted the Sci
Slide 11: Appendix
Appendix
Slide 12: Revenue & Gross Margin
Revenue & Gross Margin 35,000 Revenue (NT$ mn) 50% 43.5% Gross Margin 45% 42.3% 42.4% 30,000 41.7% 40% 35.4% 36.7% 34.5% 32.1% 25,000 33.1% 34.1% 34.1% 34.0% 35% 31.8% 32.9% 30.1% 28.9% 30% 20,000 29.6% 25.4% 25.4% 28.4% 27.9% 24.4% 25% 24.7% 23.8% 15,000 23.1% 23.1% 22.9% 22.9% 20% 10,000 15% 10% 5
Slide 13: Opt Profit & Opt Margin
Opt Profit & Opt Margin 16,000 40% Opt. Profit (NT$ mn) 36.2% Opt. Margin 14,000 32.6% 33.0% 35% 32.4% 12,000 30% 27.2% 10,000 23.4% 25% 22.7% 22.2% 23.1% 22.0% 20.4% 20.4% 8,000 19.8% 20% 18.0% 20.4% 19.0% 16.1% 16.1% 17.9% 15.1% 6,000 15% 15.4% 15.0% 4,000 11.5% 10% 9.1% 7.9% 2,000 5% 5.1% 1.6% 0
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 3Q24 2Q24 3Q23 Total Assets 245,821 100% 265,156 100% 262,045 100% Cash 36,808 15% 28,378 11% 69,718 27% Current Asset 132,771 54% 126,930 48% 132,278 50% Fixed Asset 12,000 5% 12,291 5% 13,061 5% Total Liabilities 76,455 31% 97,912 37% 99,320 38% Current Liabi
Slide 15: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 9M24 9M23 Beginning Balance 42,463 57,547 Cash from operating activities (1,627) 7,903 Depreciation & amortization 1,491 2,161 Cash from investing activities 19,431 (4,118) Capital expenditure (349) (317) Cash from financing activities (24,616) 7,117 Short-term & l
Slide 16: 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 17: 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 18: 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