Slide 1: Catcher Technology 2018 Q4 Earnings Results
Catcher Technology 2018 Q4 Earnings Results 2019/3/22 Investor Relations 20130805 CATCHER confidential 2018
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: 4Q18 Financial Summary
4Q18 Financial Summary • Q4 Rev NT$29.165bn, up 16.2% qoq, but down 11.1% yoy due to weak handheld demand • GP 10.698bn, up 0.57% qoq, but down 24.97% yoy; GPM 36.68%, down 5.71% qoq, and down 6.8% yoy due to low UTR, ASP pressure, and higher cost per unit. • OP 7.944bn, down 4.1% qoq and down 33.1%
Slide 4: 2018 Financial Summary
2018 Financial Summary • Sales Rev. NT$ 95.416bn, GP 38.624bn, OP 29.604bn, NPBT 41.319bn, NPAT 27.972bn, EPS 36.31. • GM 40.48% and OPM 31.03% both below historical average, due to weak demand, ASP pressure, and higher cost per unit. • CAPEX 10.988bn • D&A 12.243bn 4 CATCHER confidential 2018
Slide 5: 4Q18 vs. 3Q18 P/L
4Q18 vs. 3Q18 P/L 4Q18 3Q18 (In NTD mn) Amount % Amount % qoq Revenue 29,165 100.0% 25,090 100.0% 16.2% GP 10,698 36.7% 10,637 42.4% 0.6% OPEX 2,753 9.4% 2,350 9.4% 17.2% OP 7,944 27.2% 8,287 33.0% -4.1% Non-OP 2,137 7.3% 2,933 11.7% -27.2% NPBT 10,081 34.6% 11,221 44.7% -10.2% NPAT 6,920 23.7% 6,56
Slide 6: 4Q18 vs. 4Q17 P/L
4Q18 vs. 4Q17 P/L 4Q18 4Q17 (In NTD mn) Amount % Amount % yoy Revenue 29,165 100.0% 32,794 100.0% -11.1% GP 10,698 36.7% 14,258 43.5% -25.0% OPEX 2,753 9.4% 2,391 7.3% 15.2% OP 7,944 27.2% 11,867 36.2% -33.1% Non-OP 2,137 7.3% 28 0.1% 7422.4% NPBT 10,081 34.6% 11,896 36.3% -15.3% NPAT 6,920 23.7% 8,
Slide 7: 2018 vs. 2017 P/L
2018 vs. 2017 P/L 2018 2017 (In NTD mn) Amount % Amount % yoy Revenue 95,416 100.0% 93,296 100.0% 2.3% GP 38,624 40.5% 41,970 45.0% -8.0% OPEX 9,020 9.5% 8,536 9.1% 5.7% OP 29,604 31.0% 33,433 35.8% -11.5% Non-OP 11,715 12.3% - 688 -0.7% n.a. NPBT 41,319 43.3% 32,745 35.1% 26.2% NPAT 27,972 29.3% 21
Slide 8: Revenue & GM
Revenue & GM 32,794 60.0% 32,000 Revenue (NT$ mn) GM 29,165 50.0% 27,422 49.2% 48.1% 47.9% 50.0% 47.4% 49.0% 27,000 48.8% 46.5% 42.6% 43.5% 44.5% 25,090 44.5% 46.6% 44.0% 45.2% 42.0% 44.9% 24,016 42.4% 41.7% 23,479 42.6% 41.2% 41.7% 41.7% 42.8% 41.7% 42.3% 41.3% 40.0% 22,000 21,405 36.1% 20,755 20,1
Slide 9: OP & OPM
OP & OPM 11,867 45.0% OP (NT$ mn) OPM 11,500 38.7% 40.0% 40.9% 36.5% 37.3% 38.1% 36.7% 36.2% 37.6% 35.6% 9,824 34.6% 34.7% 34.0% 34.0% 35.9% 34.3% 33.6% 33.4% 35.0% 9,500 34.5% 32.6% 33.0% 31.9% 31.7% 31.1%31.4%30.8% 9,165 30.4% 32.4% 8,287 30.0% 8,048 28.0% 7,944 7,5097,625 7,500 27.2% 7,049 25.0%
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 4Q18 3Q18 4Q17 Total Assets 257,160 100% 241,167 100% 213,864 100% Cash 29,305 11% 32,221 13% 17,017 8% Current Asset 196,505 76% 180,374 75% 151,436 71% Fixed Asset 50,264 20% 50,700 21% 52,066 24% Total Liabilities 105,836 41% 97,684 41% 80,729 38% Current Li
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 2018 2017 Beginning Balance 17,017 29,667 Cash from operating activities 26,929 32,862 Depreciation & Amortization 12,243 10,666 Cash from investing activities - 29,972 - 45,280 Capital Expenditure - 10,988 - 13,192 Cash from financing activities 16,007 1,403 Short-te
Slide 12: Appendix
Appendix CATCHER confidential 2018
Slide 13: Revenue Trend (2000 - 2018)
Revenue Trend (2000 - 2018) Revenue (NT$ bn) 120 100 CAGR=27.6% 93.30 95.42 82.41 79.11 80 60 55.28 43.25 40 35.91 37.03 21.85 18.09 19.05 20 16.99 15.14 9.59 5.01 3.4 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 CATCHER confidential
Slide 14: EPS Trend (2000 - 2018)
EPS Trend (2000 - 2018) 40 36.31 35 32.61 30 28.58 28.35 25 23.52 20 18.38 15.68 14.93 15 14.4 13.93 13.29 10 9.25 7.25 6.34 6.66 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 CATCHER confidential 2018 14
Slide 15: Catcher Technology
Catcher Technology – Innovative Leader in Casing Investor Relations Nicole Lee 李品瑛 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com 15 CATCHER confidential 2018