Slide 1: Catcher Technology 2023 Q2 Earnings Results
Catcher Technology 2023 Q2 Earnings Results 2023/08 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: 2Q23 Financial Summary
2Q23 Financial Summary • Revenue reached NT$ 6.892bn, +94.6% q-q thanks to continued de-stocking and new product launch, +30.6% y-y due to de-stocking and a low base. • Gross margin was 32.9%; +10.0pp q-q and +4.5pp y-y driven by revenue expansion, product mix adjustment and lower depreciation expen
Slide 4: 1H23 Financial Summary
1H23 Financial Summary • Total revenue reached NT$ 10.434bn, -16.5% y-y as demand hasn’t fully recovered. • Gross profit was NT$ 3.083bn, -15.3% y-y; gross margin was 29.5%, +0.4pp y-y, thanks to product mix adjustment and lower depreciation expenses. • Operating profit was NT$ 1.351bn, -20.5% y-y;
Slide 5: 2Q23 vs. 1Q23 Profit & Loss
2Q23 vs. 1Q23 Profit & Loss 2Q23 1Q23 (In NTD mn) Amount % Amount % qoq Revenue 6,892 100.0% 3,542 100.0% 94.6% Gross Profit 2,271 32.9% 812 22.9% 179.7% Opt. Expense 904 13.1% 828 23.4% 9.2% Opt. Profit 1,367 19.8% (16) -0.4% N.M. Non-Opt. Income 5,612 81.4% 1,183 33.4% 374.3% Net Profit Before Tax
Slide 6: 2Q23 vs. 2Q22 Profit & Loss
2Q23 vs. 2Q22 Profit & Loss 2Q23 2Q22 (In NTD mn) Amount % Amount % yoy Revenue 6,892 100.0% 5,279 100.0% 30.6% Gross Profit 2,271 32.9% 1,499 28.4% 51.4% Opt. Expense 904 13.1% 893 16.9% 1.3% Opt. Profit 1,367 19.8% 607 11.5% 125.3% Non-Opt. Income 5,612 81.4% 3,877 73.4% 44.8% Net Profit Before Ta
Slide 7: 1H23 vs. 1H22 Profit & Loss
1H23 vs. 1H22 Profit & Loss 1H23 1H22 (In NTD mn) Amount % Amount % yoy Revenue 10,434 100.0% 12,499 100.0% -16.5% Gross Profit 3,083 29.5% 3,638 29.1% -15.3% Opt. Expense 1,731 16.6% 1,938 15.5% -10.7% Opt. Profit 1,351 13.0% 1,700 13.6% -20.5% Non-Opt. Income 6,795 65.1% 5,828 46.6% 16.6% Net Prof
Slide 8: Revenue & Gross Margin
Revenue & Gross Margin 35,000 60% Revenue (NT$ mn) Gross Margin 30,000 49.0% 50% 43.5% 48.1% 42.3% 25,000 42.6% 40% 41.7% 42.4% 36.7% 35.4% 32.1% 34.1% 34.1% 20,000 31.8% 33.1% 32.9% 30.1% 28.9% 30% 25.4% 29.6% 28.4% 15,000 25.4% 24.4% 22.9% 23.1% 23.1% 22.9% 20% 10,000 10% 5,000 0 0% 3Q19 4Q22 1Q17
Slide 9: Opt Profit & Opt Margin
Opt Profit & Opt Margin 14,000 45% Opt. Profit (NT$ mn) 38.1% Opt. Margin 36.2% 40% 12,000 36.7% 33.0% 35% 33.4% 10,000 32.6% 32.4% 30% 27.2% 8,000 23.1% 25% 22.7% 22.2% 22.0% 18.0% 20.4% 6,000 20% 16.1% 20.4% 19.8% 16.1% 17.9% 19.0% 15.4% 15% 4,000 15.0% 15.1% 11.5% 10% 2,000 9.1% 5% 0 0% 2Q19 3Q20
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 2Q23 1Q23 2Q22 Total Assets 253,135 100% 242,532 100% 252,762 100% Cash 57,820 23% 63,547 26% 178,586 71% Current Asset 136,224 54% 152,657 63% 199,992 79% Fixed Asset 13,023 5% 13,823 6% 16,074 6% Total Liabilities 93,436 37% 81,671 34% 97,605 39% Current Liab
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 1H23 1H22 Beginning Balance 57,529 53,115 Cash from operating activities 4,577 8,860 Depreciation & amortization 1,461 1,838 Cash from investing activities (7,416) 122,087 Capital expenditure (212) (247) Cash from financing activities 3,275 (8,089) Short-term & lon
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2001 – 2022)
Revenue Trend (2001 – 2022) 120 Revenue (NT$ bn) 100 95.42 93.30 91.63 82.41 82.51 79.11 80 60 55.28 43.25 41.09 37.03 40 35.91 27.82 19.05 21.85 18.09 20 16.99 15.14 9.59 3.42 5.01 1.01 1.85 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2
Slide 14: EPS Trend (2001 – 2022)
EPS Trend (2001 – 2022) 40 EPS (NT$) 36.31 35 32.61 30 28.58 28.35 27.65 25 23.52 20 18.38 15.68 15.14 14.93 14.4 14.63 15 13.93 13.29 11.31 9.25 10 7.25 6.34 6.66 5.01 5 2.40 2.44 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 CATCHER
Slide 15: Catcher Technology – Innovative Leader in Casing
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