Slide 1: Catcher Technology 2018 Q3 Earnings Result
Catcher Technology 2018 Q3 Earnings Result 2018/11/07 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: 3Q18 Financial Summary
3Q18 Financial Summary • Rev. up 20.9% qoq as we are heading to the peak season; down 8.5% yoy due to different product launch timelines • GP up 21.3% qoq, down 8.9% yoy; OP up 23.3% qoq, down 9.6% yoy with the same reason as above • GM 42.4%, up 0.1% qoq, down 0.2% yoy, GM remains stable • OPM 33.0
Slide 4: 9M18 Financial Summary
9M18 Financial Summary • Rev. up 9.5% yoy, a historical record-high, due to enhanced product demand • GP up 0.8% yoy; OP up 0.4% yoy, due to revenue growth • GM 42.2%, down 3.6% yoy; OPM 32.7%, down 2.9% yoy due to different business mix • NPBT up 50% yoy thanks to FX gain and other operating income
Slide 5: 3Q18 vs. 2Q18 P/L
3Q18 vs. 2Q18 P/L 3Q18 2Q18 (In NTD mn) Amount % Amount % qoq Revenue 25,090 100.0% 20,755 100.0% 20.9% GP 10,637 42.4% 8,771 42.3% 21.3% OPEX 2,350 9.4% 2,051 9.9% 14.5% OP 8,287 33.0% 6,719 32.4% 23.3% Non-OP 2,933 11.7% 8,479 40.8% -65.4% NPBT 11,221 44.7% 15,198 73.2% -26.2% NPAT 6,563 26.2% 10,
Slide 6: 3Q18 vs. 3Q17 P/L
3Q18 vs. 3Q17 P/L 3Q18 3Q17 (In NTD mn) Amount % Amount % yoy Revenue 25,090 100.0% 27,422 100.0% -8.5% GP 10,637 42.4% 11,671 42.6% -8.9% OPEX 2,350 9.4% 2,506 9.1% -6.2% OP 8,287 33.0% 9,165 33.4% -9.6% Non-OP 2,933 11.7% 1,635 6.0% 79.4% NPBT 11,221 44.7% 10,801 39.4% 3.9% NPAT 6,563 26.2% 7,388
Slide 7: 9M18 vs. 9M17 P/L
9M18 vs. 9M17 P/L 9M18 9M17 (In NTD mn) Amount % Amount % yoy Revenue 66,251 100.0% 60,502 100.0% 9.5% GP 27,926 42.2% 27,712 45.8% 0.8% OPEX 6,266 9.5% 6,146 10.2% 2.0% OP 21,660 32.7% 21,566 35.6% 0.4% Non-OP 9,578 14.5% - 716 -1.2% n.a. NPBT 31,238 47.2% 20,849 34.5% 49.8% NPAT 21,053 31.8% 13,57
Slide 8: Revenue & GM
Revenue & GM 32,794 60.0% 32,000 Revenue (NT$ mn) GM 50.0% 27,422 49.2% 48.1% 47.9% 50.0% 47.4% 49.0% 27,000 48.8% 42.6% 43.5% 44.3% 45.2% 44.5% 44.5% 46.6% 46.5% 25,090 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 20,406 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% 34.3% 34.6% 34.7% 37.6% 35.6% 9,824 34.0% 34.3% 33.6% 35.0% 9,500 35.9% 33.4% 34.5% 32.6%32.4%33.0% 31.9% 31.7% 31.1%31.4%30.8% 9,165 30.4% 8,287 30.0% 8,048 28.0% 7,509 7,625 7,500 7,049 25.0% 6,956 6,654 6
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 3Q18 2Q18 3Q17 Total Assets 241,167 100% 234,563 100% 201,337 100% Cash 32,221 13% 15,896 7% 18,350 9% Current Asset 180,374 75% 170,736 73% 141,475 70% Fixed Asset 50,700 21% 52,922 23% 48,717 24% Total Liabilities 97,684 41% 93,507 40% 75,925 38% Current Liab
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 9M18 9M17 Beginning Balance 17,017 29,667 Cash from operating activities 11,354 18,287 Depreciation & Amortization 9,243 8,408 Cash from investing activities - 2,831 - 32,237 Capital Expenditure - 8,789 - 9,607 Cash from financing activities 8,724 2,230 Short-term & L
Slide 12: Appendix
Appendix CATCHER confidential 2018
Slide 13: Revenue Trend (2000 - 2017)
Revenue Trend (2000 - 2017) Revenue (NT$ bn) 100 93.30 90 82.41 80 CAGR=29.2% 79.11 70 60 55.28 50 43.25 40 37.03 35.91 30 21.85 18.09 19.05 20 16.99 15.14 9.59 10 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 13 CATCHER confident
Slide 14: EPS Trend (2000 - 2017)
EPS Trend (2000 - 2017) 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 14 CATCHER confidential 2018
Slide 15: Catcher Technology – Innovative Leader in Casing
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