Slide 1: Catcher Technology 2019 Q3 Earnings Results
Catcher Technology 2019 Q3 Earnings Results 2019/11 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: 3Q19 Financial Summary
3Q19 Financial Summary ▪ Rev. NT$27.8bn, +73% q-q; +10.9% y-y; due to new product launch. ▪ GM 23.1%, remaining the same q-q, -19.3% y-y; OPM 16.1%, + 7.0% q- q/ -16.9% y-y; due to lower ASP. ▪ NPBT 5.9bn, -2.4% q-q/ -47.1% y-y. ▪ NPAT 3.4bn, +24.6% q-q/ -48.2% y-y. ▪ Basic EPS NT$4.41 vs. NT$ 3.54
Slide 4: 9M19 Financial Summary
9M19 Financial Summary ▪ Rev. NT$59.7bn, -9.9% y-y; due to lukewarm phone demand in H1 & lower ASP. ▪ GP 14.1bn, -49.3% y-y; GM 23.7%, -18.5% y-y; OP 8.4bn, - 61.4% y-y; OPM 14.0%, -18.7% y-y; both due to lower UTR & ASP. ▪ NPBT 15.1bn, -51.6% y-y. Margin 25.3%, -21.9% y-y. ▪ NPAT 7.8bn, -62.8% y-y.
Slide 5: 3Q19 vs. 2Q19 P/L
3Q19 vs. 2Q19 P/L 3Q19 2Q19 (In NTD mn) Amount % Amount % qoq Revenue 27,817 100.0% 16,075 100.0% 73.0% GP 6,435 23.1% 3,706 23.1% 73.6% OPEX 1,970 7.1% 2,239 13.9% -12.0% OP 4,466 16.1% 1,468 9.1% 204.2% Non-OP 1,473 5.3% 4,614 28.7% -68.1% NPBT 5,938 21.3% 6,082 37.8% -2.4% NPAT 3,399 12.2% 2,728
Slide 6: 3Q19 vs. 3Q18 P/L
3Q19 vs. 3Q18 P/L 3Q19 3Q18 (In NTD mn) Amount % Amount % yoy Revenue 27,817 100.0% 25,090 100.0% 10.9% GP 6,435 23.1% 10,637 42.4% -39.5% OPEX 1,970 7.1% 2,350 9.4% -16.2% OP 4,466 16.1% 8,287 33.0% -46.1% Non-OP 1,473 5.3% 2,934 11.7% -49.8% NPBT 5,938 21.3% 11,221 44.7% -47.1% NPAT 3,399 12.2% 6,
Slide 7: 9M19 vs. 9M18 P/L
9M19 vs. 9M18 P/L 9M19 9M18 (In NTD mn) Amount % Amount % yoy Revenue 59,695 100.0% 66,251 100.0% -9.9% GP 14,149 23.7% 27,926 42.2% -49.3% OPEX 5,783 9.7% 6,266 9.5% -7.7% OP 8,365 14.0% 21,660 32.7% -61.4% Non-OP 6,739 11.3% 9,578 14.5% -29.6% NPBT 15,104 25.3% 31,238 47.2% -51.6% NPAT 7,823 13.1%
Slide 8: Revenue & GM
Revenue & GM 32,794 60.0% 32,000 Revenue (NT$ mn) GM 29,165 27,817 49.2% 47.9% 48.1% 50.0% 47.4% 50.0% 27,000 48.8% 44.9% 49.0% 27,422 25,090 44.5% 46.6% 46.5% 43.5% 42.3% 41.7% 23,479 42.6% 24,016 42.4% 42.8% 42.6% 41.7% 41.7% 41.7% 36.7% 41.3% 21,405 40.0% 22,000 36.1%20,731 20,406 20,129 20,755 1
Slide 9: OP & OPM
OP & OPM 11,867 45.0% OP (NT$ mn) OPM 11,200 40.9% 38.7% 40.0% 37.3% 38.1% 36.5% 36.7% 36.2% 37.6% 35.6% 9,824 34.6% 34.7% 34.0% 34.3% 33.6% 35.0% 35.9% 33.4% 34.5% 32.6% 33.0% 9,200 31.9% 31.7% 9,165 31.1% 30.8% 32.4% 30.4% 31.4% 8,287 8,048 30.0% 28.0% 27.2% 7,944 7,5097,625 7,200 6,956 7,049 25.0
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 3Q19 2Q19 3Q18 Total Assets 252,051 100% 249,336 100% 241,167 100% Cash 66,594 26% 22,074 9% 32,221 13% Current Asset 197,769 78% 191,415 77% 180,374 75% Fixed Asset 44,255 18% 47,953 19% 50,700 21% Total Liabilities 102,542 41% 101,203 41% 97,684 40% Current L
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 9M19 9M18 Beginning Balance 29,305 17,017 Cash from operating activities 11,188 11,354 Depreciation & Amortization 9,293 9,243 Cash from investing activities 28,820 - 2,831 Capital Expenditure - 3,144 - 8,789 Cash from financing activities - 2,733 8,724 Short-term & L
Slide 12: Appendix
“ Appendix 12 CATCHER confidential
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 13 CATCHER confident
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 14 CATCHER confidential
Slide 15: Catcher Technology – Investor Relations
Catcher Technology – Innovative Leader in Casing Investor Relations Teresa Wang 王彤 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential