Slide 1: Catcher Technology 2020 Q4 and Year 2020 Earnings Results
Catcher Technology 2020 Q4 and Year 2020 Earnings Results 2021/03 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: 4Q20 Financial Summary
4Q20 Financial Summary • Rev. NT$18.7bn, -21.1% q-q/ -41.5% y-y due to demand slowdown in legacy smartphone after new model launch. • GM 30.1%, +1.2% q-q/ +4.7% y-y mainly driven by product mix and D&A decline. • OPM 17.9%, -4.8% q-q/ -0.1% y-y due to OPEX increase on one-off expenses related to the
Slide 4: 2020 Financial Summary
2020 Financial Summary • Rev. NT$82.5bn, -10.0% y-y as sound NB/tablet growth offset by demand slowdown in legacy smartphone after new model launch. • GP 21.9bn, -1.6% y-y; GM 26.6%, +2.3% y-y thanks to product mix and D&A decline • OP 14.9bn, +5.9% y-y; OPM 18.1%, +2.7% y-y due to better GM and low
Slide 5: 4Q20 vs. 3Q20 P/L
4Q20 vs. 3Q20 P/L 4Q20 3Q20 (In NTD mn) Amount % Amount % qoq Revenue 18,683 100.0% 23,668 100.0% -21.1% GP 5,628 30.1% 6,835 28.9% -17.7% OPEX 2,290 12.3% 1,455 6.1% 57.4% OP 3,338 17.9% 5,380 22.7% -38.0% Non-OP 24,002 128.5% - 1,866 -7.9% n.m. NPBT 27,340 146.3% 3,514 14.8% 678.0% NPAT 13,873 74.
Slide 6: 4Q20 vs. 4Q19 P/L
4Q20 vs. 4Q19 P/L 4Q20 4Q19 (In NTD mn) Amount % Amount % yoy Revenue 18,683 100.0% 31,933 100.0% -41.5% GP 5,628 30.1% 8,118 25.4% -30.7% OPEX 2,290 12.3% 2,374 7.4% -3.5% OP 3,338 17.9% 5,744 18.0% -41.9% Non-OP 24,002 128.5% - 865 -2.7% n.m. NPBT 27,340 146.3% 4,879 15.3% 460.4% NPAT 13,873 74.3%
Slide 7: 2020 vs. 2019 P/L
2020 vs. 2019 P/L 2020 2019 (In NTD mn) Amount % Amount % yoy Revenue 82,506 100.0% 91,628 100.0% -10.0% GP 21,919 26.6% 22,267 24.3% -1.6% OPEX 6,984 8.5% 8,158 8.9% -14.4% OP 14,935 18.1% 14,109 15.4% 5.9% Non-OP 25,912 31.4% 5,874 6.4% 341.1% NPBT 40,847 49.5% 19,983 21.8% 104.4% NPAT 21,130 25.6
Slide 8: Revenue & GM
Revenue & GM Revenue (NT$ mn) GM 35,000 60.0% 32,794 31,933 30,000 50.0% 29,165 27,817 50.0% 48.1%27,422 49.0% 25,090 43.5% 42.6% 42.3% 25,000 42.8% 24,016 42.6% 42.4% 41.7% 40.0% 36.7% 23,668 36.1% 20,731 20,40620,755 22,538 20,000 18,500 18,683 17,524 17,616 30.1% 16,843 30.0% 15,80416,075 28.9% 1
Slide 9: OP & OPM
OP & OPM OP (NT$ mn) OPM 14,000 45.0% 40.9% 38.1% 11,867 40.0% 12,000 36.7% 36.2% 34.5% 33.6% 33.4% 35.0% 32.6%32.4% 9,824 33.0% 10,000 9,165 28.0% 30.0% 27.2% 8,287 7,944 8,000 25.0% 6,956 7,049 22.7% 6,654 6,719 5,804 5,744 20.0% 6,000 5,380 5,352 18.0% 4,906 16.1% 15.0% 4,466 16.1% 17.9% 15.0% 15
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 4Q20 3Q20 4Q19 Total Assets 255,903 100% 244,114 100% 243,114 100% Cash 111,883 44% 91,165 38% 69,017 28% Current Asset 201,877 79% 174,763 72% 191,845 79% Fixed Asset 22,568 9% 34,318 14% 41,297 17% Total Liabilities 97,832 38% 100,367 41% 94,526 39% Current L
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 2020 2019 Beginning Balance 69,017 29,304 Cash from operating activities 20,304 25,802 Depreciation & Amortization 8,790 12,121 Cash from investing activities 30,959 28,651 Capital Expenditure - 1,452 - 4,030 Cash from financing activities - 6,120 - 13,377 Short-term
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2000 - 2020)
Revenue Trend (2000 - 2020) Revenue (NT$ bn) 120 100 95.42 93.30 91.63 82.41 82.51 79.11 80 60 55.28 43.25 40 35.91 37.03 21.85 20 18.09 19.05 16.99 15.14 9.59 3.42 5.01 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 2019 2020 CATCHER
Slide 14: EPS Trend (2000 - 2020)
EPS Trend (2000 - 2020) 40 Unit: NTD 36.31 35 32.61 30 28.58 28.35 27.65 25 23.52 20 18.38 15.68 14.93 14.4 14.63 15 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 2019 2020 CATCHER confidential
Slide 15: Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing Investor Relations Kristen Fang 方文妍 Elaine Liao 廖乙霖 +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential