Slide 1: Catcher Technology – Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing 2014 Q1 Earnings Conference 2014/4/29 CATCHER
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”, “i
Slide 3: 1Q14 Business Review
1Q14 Business Review Catcher Confidential 2014
Slide 4: 1Q 2014 Consolidated P/L
1Q 2014 Consolidated P/L * IFRS * IFRS * IFRS (NTD MM) 1Q14 % 4Q13 % q-q 1Q13 % y-y Revenue 10,416 100.0% 13,115 100.0% -20.6% 9,232 100.0% 12.8% Gross Profit 4,303 41.3% 5,468 41.7% -21.3% 3,852 41.7% 11.7% Op Exp. 1,095 10.5% 1,355 10.3% -19.2% 922 10.0% 18.8% Op Profit 3,208 30.8% 4,113 31.4% -22
Slide 5: 2013 Consolidated P/L
2013 Consolidated P/L (NTD MM) 2013 % 2012 % y-y Revenue 43,246 100.0% 37,029 100% 16.8% Gross Profit 18,321 42.4% 16,044 43.3% 14.2% Op Exp. 4,405 10.2% 3,883 10.5% 13.4% Op Profit 13,916 32.2% 12,160 32.8% 14.4% NPBT 17,528 40.5% 13,944 37.7% 25.7% NPAT 13,801 31.9% 10,812 29.2% 27.6% EPS (NTD) $1
Slide 6: Quarterly Revenue & GP Margin
Quarterly Revenue & GP Margin (NT$ Million) Revenue x Gross Margin Rate 18000 60.0% 52.3% 15000 47.1% 46.3% 50.0% 45.2% 44.5% 44.5% 40.0% 41.1% 42.0% 41.7% 41.7%41.7% 41.3% 12000 10,46010,438 40.0% 10,773 9,646 9,912 13,115 10,416 8,897 9,147 8,815 9,232 8,656 9000 30.0% 7,096 6000 20.0% 3000 10.0%
Slide 7: Operating Profit & Margins
Operating Profit & Margins Operating Profit & Margin Rate (NT$ Million) 50.0% 6000 42.1% 36.2% 37.6% 34.7% 40.0% 5000 34.6% 4,533 31.9%34.0% 31.7% 31.1% 31.4%30.8% 30.4% 4000 28.4% 3,627 30.0% 3,441 3,371 3,222 3,341 3,245 4,113 3,208 2,814 2,930 3000 2,632 20.0% 2,018 2000 10.0% 1000 0 0.0% 1Q11 2Q
Slide 8: 2000-2013 EPS Trend
2000-2013 EPS Trend 20 18.38 18 16 15.68 14.93 14.40 13.93 14 13.29 12 10 9.25 8 7.25 6.34 6.66 6 5.01 4.3 4 2.4 2.44 2 0 EPS 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 8 Catcher Confidential 2014
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet * IFRS (NTD MM) 1Q14 % 4Q13 % 1Q13 % Total Assets 104,848 100% 105,379 100% 110,420 100% Cash 39,878 38% 39,378 37% 47,015 42% Current Asset 64,005 61% 65,347 62% 74,331 67% Fixed Asset 35,460 34% 34,903 33% 31,807 29% 2.0% 2.0% 3.0% Total Liabilities 26,924 26% 31,699 30%
Slide 10: Cash Flow
Cash Flow * IFRS (NTD MM) 2014 Q1 2013 Q1 Beginning Balance 39,378 45,400 Cash from operating activities 3,946 5,966 Capital expenditures (880) (1,503) Short-term & Long-term loans (3,445) 1,967 Others 879 (4,815) Ending Balance 39,878 47,015 EBITDA 4,664 4,134 Free Cash Flow 3,066 4,463 * EBITDA =
Slide 11: Appendix
Appendix Catcher Confidential 2014
Slide 12: Annual Revenue (2000 ~ 2013)
Annual Revenue (2000 ~ 2013) NT$ Billion 50 45 43.25 40 37.03 35 35.9 30 CAGR = 31.8% 25 21.85 20 18.09 19.05 16.99 15.14 15 9.59 10 5.01 5 3.4 1.19 1.01 1.85 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Sales Revenue Catcher Confidential 2014 12
Slide 13: Gross Margin & Net Profit (2000~ 2013)
Gross Margin & Net Profit (2000~ 2013) Unit: NT Million ; % 16000 52.2% 50.5% 47.1% 47.0% 13,801 50% 14000 43.6% 48.1% 42.5% 43.3% 41.5% 39.9% 12000 36.4% 42.4% 40% 35.3% 10,812 10000 35.5% 10,665 30% 8000 7,216 6,470 6000 20% 4,361 4,447 3,797 4000 3,331 10% 2000 1,735 983 252 305 327 0 0% 2000 200
Slide 14: Thank you!
Thank you! 14 Catcher Confidential 2014