Slide 1: Catcher Technology 2014 Q2 Earnings Conference
Catcher Technology 2014 Q2 Earnings Conference 2014/08/11 Investor Relations 20130805
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: 2Q14 Business Review
2Q14 Business Review Catcher Confidential 2014
Slide 4: 2Q 2014 Consolidated P/L
2Q 2014 Consolidated P/L 2Q14 1Q14 (In NTD mn) Amount % Amount % q-q Revenue 13,319 100.0% 10,416 100.0% 27.9% Gross Profit 6,557 49.2% 4,303 41.3% 52.4% Op. Expenses 1,399 10.5% 1,095 10.5% 27.8% Op. Profit 5,157 38.7% 3,208 30.8% 60.8% NPBT 5,436 40.8% 3,859 37.0% 40.9% NPAT 3,644 27.4% 2,984 28.6
Slide 5: 2Q 2014 vs 2Q 2013 P/L
2Q 2014 vs 2Q 2013 P/L 2Q14 2Q13 (In NTD mn) Amount % Amount % y-y Revenue 13,319 100.0% 10,460 100.0% 27.3% Gross Profit 6,557 49.2% 4,652 44.5% 40.9% Op. Expenses 1,399 10.5% 1,025 9.8% 36.5% Op. Profit 5,157 38.7% 3,627 34.7% 42.2% NPBT 5,436 40.8% 4,866 46.5% 11.7% NPAT 3,644 27.4% 3,636 34.8% 0
Slide 6: 1H14 Consolidated P/L
1H14 Consolidated P/L 1H14 1H13 (In NTD mn) Amount % Amount % y-y Revenue 23,735 100.0% 19,692 100% 20.5% Gross Profit 10,860 45.8% 8,504 43.2% 27.7% Op. Expenses 2,495 10.5% 1,947 9.9% 28.1% Op. Profit 8,366 35.2% 6,557 33.3% 27.6% NPBT 9,295 39.2% 9,516 48.3% (2.3%) NPAT 6,627 27.9% 7,558 38.4% (1
Slide 7: Quarterly Revenue & GP Margin
Quarterly Revenue & GP Margin (In NTD mn) Revenue x Gross Margin Rate 18000 60.0% 52.3% 49.2% 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 13,319 40.0% 10,46010,438 10,773 9,646 9,912 13,11510,416 8,897 9,147 8,815 9,232 8,656 9000 30.0% 7,096 6000 20.0% 3
Slide 8: Operating Profit & Margins
Operating Profit & Margins Operating Profit & Margin Rate (In NTD mn) 50.0% 6000 42.1% 38.7% 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% 5,157 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
Slide 9: 2000-2014H1 EPS Trend
2000-2014H1 EPS Trend 20 18.38 18 15.68 16 14.93 14.4 13.93 14 13.29 12 10 9.25 8.81 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 1H14 9 Catcher Confidential 2014
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet * IFRS (In NTD mn) 2Q14 1Q14 2Q13 Total Assets 105,124 100% 104,848 100% 99,749 100% Cash 38,901 37% 39,878 38% 34,408 34% Current Asset 63,113 60% 64,005 61% 60,640 61% Fixed Asset 34,213 33% 35,460 34% 33,215 33% Total Liabilities 27,210 26% 26,924 26% 32,478 33% Current
Slide 11: Cash Flow
Cash Flow (In NTD mn) 2014 H1 2013 H1 Beginning Balance 39,378 45,400 Cash from operating activities 6,086 9,589 Capital expenditures (4,981) (7,099) Short-term & Long-term loans (5,248) (13,293) Others 3,666 (189) Ending Balance 38,901 34,408 EBITDA 11,329 8,962 Free Cash Flow 1,105 2,490 * EBITDA
Slide 12: Appendix
Appendix Catcher Confidential 2014
Slide 13: Annual Revenue (2000 ~ 2013)
Annual Revenue (2000 ~ 2013) NTD 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 13
Slide 14: Gross Margin & Net Profit (2000~ 2013)
Gross Margin & Net Profit (2000~ 2013) In NTD mn ; % 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 2001 2002
Slide 15: Catcher Technology
Catcher Technology – Innovative Leader in Casing http://www.catcher-group.com IR@catcher-group.com 15 Catcher Confidential 2014