Slide 1: Catcher Technology 2024 Q4 Earnings Results
Catcher Technology 2024 Q4 Earnings Results 2025/02 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: 4Q24 Financial Summary
4Q24 Financial Summary • Revenue reached NT$ 4.636bn; -9.4% q-q amid a slow season, +40.2% y-y due to a low base. • Gross margin dropped 2.4pp q-q to 32.1% as revenue declined, while rising 7.4pp y-y thanks to product mix adjustment and cost control. • Operating margin was 18.5%; -4.9pp q-q and +16.
Slide 4: 2024 Financial Summary
2024 Financial Summary • Total revenue reached NT$ 18.084bn, +0.1% y-y, reflecting demand recovery. • Gross profit was NT$ 5.866bn, +18.9% y-y. Gross margin was 32.4%, +5.1pp y-y, driven by improved revenue momentum, contained cost and product mix adjustment. • Operating profit was NT$ 3.295bn, +102
Slide 5: 4Q24 vs. 3Q24 Profit & Loss
4Q24 vs. 3Q24 Profit & Loss 4Q24 3Q24 (In NTD mn) Amount % Amount % qoq Revenue 4,636 100.0% 5,117 100.0% -9.4% Gross Profit 1,489 32.1% 1,767 34.5% -15.7% Opt. Expense 633 13.7% 569 11.1% 11.2% Opt. Profit 856 18.5% 1,198 23.4% -28.6% Non-Opt. Income 4,221 91.1% 764 14.9% 452.5% Net Profit Before T
Slide 6: 4Q24 vs. 4Q23 Profit & Loss
4Q24 vs. 4Q23 Profit & Loss 4Q24 4Q23 (In NTD mn) Amount % Amount % yoy Revenue 4,636 100.0% 3,307 100.0% 40.2% Gross Profit 1,489 32.1% 818 24.7% 82.0% Opt. Expense 633 13.7% 765 23.1% -17.2% Opt. Profit 856 18.5% 53 1.6% 1515.8% Non-Opt. Income 4,221 91.1% -1,170 -35.4% N.M. Net Profit Before Tax
Slide 7: 2024 vs. 2023 Profit & Loss
2024 vs. 2023 Profit & Loss 2024 2023 (In NTD mn) Amount % Amount % yoy Revenue 18,084 100.0% 18,074 100.0% 0.1% Gross Profit 5,866 32.4% 4,934 27.3% 18.9% Opt. Expense 2,571 14.2% 3,307 18.3% -22.3% Opt. Profit 3,295 18.2% 1,627 9.0% 102.5% Non-Opt. Income 14,196 78.5% 10,666 59.0% 33.1% 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% 90% EPS EPS 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 Supply-chain Aerospace Restructuring Minimally invasive Front-end equipment Aircraft surgical devices, machining Overseas expansion components orthopedic implants components Established a subsidiary Strategic Strategic Strategic in Thailand with initial transfo
Slide 10: ESG Spotlights
ESG Spotlights In June 2024, Catcher was selected again as constituent stocks in the "Taiwan Sustainability Index" • Invested over US$ 70mn in the China Clean Energy Fund and obtained green power certificates to support 100% of the renewable energy used in the China-based plants • Net-zero target of
Slide 11: Appendix
Appendix
Slide 12: Revenue & Gross Margin
Revenue & Gross Margin 35,000 50% Revenue (NT$ mn) 43.5% Gross Margin 42.4% 45% 30,000 42.3% 41.7% 40% 35.4% 25,000 36.7% 32.1% 34.1% 34.1% 34.0% 34.5% 35% 31.8% 32.9% 33.1% 30.1% 28.9% 32.1% 30% 20,000 29.6% 25.4% 25.4% 27.9% 24.4% 28.4% 25% 24.7% 15,000 23.1% 23.1% 23.8% 22.9% 22.9% 20% 10,000 15%
Slide 13: Opt Profit & Opt Margin
Opt Profit & Opt Margin 13,500 45% Opt. Profit (NT$ mn) Opt. Margin 12,000 40% 36.2% 10,500 32.6% 33.0% 35% 32.4% 9,000 27.2% 30% 7,500 23.1% 23.4% 25% 22.7% 22.2% 22.0% 18.0% 20.4% 20.4% 6,000 20% 16.1% 16.1% 20.4% 19.0% 19.8% 15.4% 17.9% 18.5% 4,500 15.1% 15% 15.0% 3,000 11.5% 10% 9.1% 5.1% 7.9% 1
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 4Q24 3Q24 4Q23 Total Assets 233,641 100% 245,821 100% 256,380 100% Cash 50,364 22% 36,808 15% 42,463 17% Current Asset 121,654 52% 132,771 54% 121,621 47% Fixed Asset 11,860 5% 12,000 5% 12,772 5% Total Liabilities 69,065 30% 76,455 31% 98,421 38% Current Liabi
Slide 15: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 2024 2023 Beginning Balance 42,463 57,547 Cash from operating activities -272 9,181 Depreciation & amortization 1,876 2,780 Cash from investing activities 45,819 -30,268 Capital expenditure -1,370 -403 Cash from financing activities -39,426 6,457 Short-term & long-
Slide 16: Revenue Trend (2000 – 2024)
Revenue Trend (2000 – 2024) 110 Revenue (NT$ bn) 100 95.42 93.30 91.63 90 82.41 82.51 79.11 80 70 60 55.28 50 43.25 41.09 40 37.03 35.91 30 27.82 21.85 19.05 18.08 18.09 20 16.99 18.07 15.14 9.59 10 5.01 3.42 1.19 1.01 1.85 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 17: EPS Trend (2000 – 2024)
EPS Trend (2000 – 2024) 40 EPS (NT$) 36.31 35 32.61 28.58 30 28.35 27.65 25 23.52 19.40 20 18.38 15.68 14.93 14.63 15.14 13.93 14.4 15 13.29 13.33 11.31 9.25 10 7.25 6.66 6.34 5.01 4.3 5 2.40 2.44 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2
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