Slide 1: Catcher Technology 2017 Q3 Earnings Conference
Catcher Technology 2017 Q3 Earnings Conference 2017/11/07 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: 3Q17 Financial Summary
3Q17 Financial Summary • Rev/GP/OP > +30% yoy; core profit 2nd highest all time/ 1st in Q3. • Rev. hit historical high NT$27.4bn, up 48% qoq / 32% yoy; thanks to the strong demand of Smartphone, NB & tablet PC. • GP 11.7bn, up 31% qoq / 32% yoy, 17% higher than Q3/2015. • GM 42.6%, flattish yoy; wit
Slide 4: 9M17 Financial Summary
9M17 Financial Summary • Net sales NT$60.5bn, up 9.8% yoy, historical high. • GP 27.7bn, up 23.8% yoy. GM 45.8%, up 5.2% yoy. • OP 21.6bn, up 22.1% yoy. OPM 35.6%, up 3.5% yoy. • NPBT 20.8bn, up 11.0% yoy. Margin 34.5%, up 0.4% yoy. • NPAT 13.6bn, up 8.6% yoy. Margin 22.4%, down 0.3% yoy. • Basic EP
Slide 5: 3Q17 vs. 2Q17 P/L
3Q17 vs. 2Q17 P/L 3Q17 2Q17 (In NTD mn) Amount % Amount % qoq Revenue 27,422 100.0% 18,500 100.0% 48.2% GP 11,671 42.6% 8,904 48.1% 31.1% OPEX 2,506 9.1% 1,854 10.0% 35.1% OP 9,165 33.4% 7,049 38.1% 30.0% NPBT 10,801 39.4% 6,964 37.6% 55.1% NPAT 7,388 26.9% 4,094 22.1% 80.5% EPS (NTD) $ 9.59 $ 5.31
Slide 6: 3Q17 vs. 3Q16 P/L
3Q17 vs. 3Q16 P/L 3Q17 3Q16 (In NTD mn) Amount % Amount % yoy Revenue 27,422 100.0% 20,731 100.0% 32.3% GP 11,671 42.6% 8,840 42.6% 32.0% OPEX 2,506 9.1% 1,884 9.1% 33.0% OP 9,165 33.4% 6,956 33.6% 31.8% NPBT 10,801 39.4% 6,289 30.3% 71.7% NPAT 7,388 26.9% 4,471 21.6% 65.2% EPS (NTD) $ 9.59 $ 5.80 E
Slide 7: 9M17 vs. 9M16 P/L
9M17 vs. 9M16 P/L 9M17 9M16 (In NTD mn) Amount % Amount % yoy Revenue 60,502 100.0% 55,098 100.0% 9.8% GP 27,712 45.8% 22,378 40.6% 23.8% OPEX 6,146 10.2% 4,712 8.6% 30.4% OP 21,566 35.6% 17,666 32.1% 22.1% NPBT 20,849 34.5% 18,789 34.1% 11.0% NPAT 13,572 22.4% 12,492 22.7% 8.6% EPS (NTD) 17.62 $ 16
Slide 8: Revenue & GM
Revenue & GM 27,422 60.0% 27,000 Revenue (NT$ mn) GM 50.0% 52.3% 44.9% 24,016 49.2% 23,479 50.0% 48.8% 47.4% 46.3% 49.0% 47.1% 47.9% 42.6% 22,000 45.2% 44.5% 44.5% 46.5% 48.1% 44.9% 41.7% 46.6% 20,731 42.6% 21,405 42.8% 42.0% 41.2% 41.7% 41.7% 41.3% 20,129 40.0% 40.0% 18,500 36.1% 17,400 17,014 16,8
Slide 9: OP & OPM
OP & OPM 9,824 45.0% 42.1% OP (NT$ mn) OPM 9,500 40.9% 9,165 38.7% 40.0% 37.6% 38.1% 37.6% 37.3% 8,500 36.2% 36.7% 36.5% 35.6% 34.6% 34.7% 8,048 34.7% 34.0% 35.9% 34.5% 33.6% 33.4% 35.0% 7,625 31.9% 31.7% 31.4% 7,500 7,509 34.3% 30.4% 31.1% 6,956 7,049 28.4% 30.8% 30.0% 28.0% 6,500 6,243 6,202 25.0%
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 3Q17 2Q17 3Q16 Total Assets 201,337 100% 186,065 100% 174,884 100% Cash 18,350 9% 31,170 17% 51,017 29% Current Asset 141,475 70% 129,298 69% 115,086 66% Fixed Asset 48,717 24% 47,264 25% 52,765 30% Total Liabilities 75,925 38% 69,327 37% 61,496 35% Current Lia
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 9M17 9M16 Beginning Balance 29,667 65,679 Cash from operating activities 18,287 9,597 Depreciation & Amortization 8,408 8,397 Cash from investing activities (32,237) (28,248) Capital Expenditure (9,607) (6,266) Cash from financing activities 2,230 7,564 Short-term & L
Slide 12: Executive Overview
Executive Overview 2017 Review: • Growth in all product lines: Smartphone, NB, Tablets. • Record high Q3 Rev., +48% qoq、+32% yoy. • Oct. Rev. record high 12.39 bn; Strong growth in Q4 qoq/yoy. • Another year of solid execution & financial performance. 2018 Outlook: • Strong growth in all product lin
Slide 13: Executive Overview: Catcher's Long Term Outlook
Executive Overview Sector Outlook: • More predictable in Material/Design. • More stable competition landscape. • Design trend favors to premium metal/ composite material. • Execution & Profitability => Long Term Sustainability. Catcher’s Long Term Outlook: • All around capabilities matrix in Materia
Slide 14: Appendix
Appendix Catcher confidential 2017
Slide 15: Revenue Trend (2000 - 2016)
Revenue Trend (2000 - 2016) Revenue (NT$ bn) 90 82.41 79.11 80 70 CAGR=32.6% 60 55.28 50 43.25 40 37.03 35.91 30 21.85 18.09 19.05 20 16.99 15.14 9.59 10 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 15 Catcher confidential 2017
Slide 16: EPS Trend (2000 - 2016)
EPS Trend (2000 - 2016) 35 32.61 30 28.58 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 16 Catcher confidential 2017
Slide 17: Catcher Technology
Catcher Technology – Innovative Leader in Casing Investor Relations Nicole Lee 李品瑛 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com 17 Catcher confidential 2017