Slide 1: Catcher Technology 2021 Q4 Earnings Results
Catcher Technology 2021 Q4 Earnings Results 2022/02 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: 4Q21 Financial Summary
4Q21 Financial Summary • Revenue NT$ 8.196bn; -16.9% q-q due to component shortage and logistics constraints, -56.1% y-y due to supply chain restrictions and a high base. Year- end inventory adjustment undertaken by some assemblers also slowed down shipment. • Gross margin 33.1%; -2.3pp q-q due to a
Slide 4: 4Q21 vs. 3Q21 Profit & Loss
4Q21 vs. 3Q21 Profit & Loss 4Q21 3Q21 (In NTD mn) Amount % Amount % qoq Revenue 8,196 100.0% 9,868 100.0% -16.9% Gross Profit 2,711 33.1% 3,495 35.4% -22.4% Opt. Expense 1,156 14.1% 1,212 12.3% -4.6% Opt. Profit 1,554 19.0% 2,283 23.1% -31.9% Non-Opt. Income 2,844 34.7% 218 2.2% 1204.6% Net Profit B
Slide 5: 4Q21 vs. 4Q20 Profit & Loss
4Q21 vs. 4Q20 Profit & Loss 4Q21 4Q20 (In NTD mn) Amount % Amount % yoy Revenue 8,196 100.0% 18,683 100.0% -56.1% Gross Profit 2,711 33.1% 5,628 30.1% -51.8% Opt. Expense 1,156 14.1% 2,290 12.3% -49.5% Opt. Profit 1,554 19.0% 3,338 17.9% -53.4% Non-Opt. Income 2,844 34.7% 24,002 128.5% -88.2% Net Pr
Slide 6: 2021 Financial Summary
2021 Financial Summary • Revenue NT$ 41.095bn, -50.2% y-y due to component shortage, logistics constraints and a high base effect. • GP NT$ 13.569bn, -38.1% y-y due to a smaller scale; GM 33.0%, +6.4pp y-y thanks to product mix adjustment and lower depreciation expenses. • OP NT$ 8.76bn, -41.3% y-y;
Slide 7: 2021 vs. 2020 Profit & Loss
2021 vs. 2020 Profit & Loss 2021 2020 (In NTD mn) 金額 % 金額 % yoy Revenue 41,095 100.0% 82,506 100.0% -50.2% Gross Profit 13,569 33.0% 21,919 26.6% -38.1% Opt. Expense 4,809 11.7% 6,984 8.5% -31.1% Opt. Profit 8,760 21.3% 14,935 18.1% -41.3% Non-Opt. Income 3,311 8.1% 25,912 31.4% -87.2% Net Profit Be
Slide 8: Revenue & GM
Revenue & GM 35,000 Revenue (NT$ mn) 60% Gross Margin 30,000 49.0% 50% 48.1% 43.5% 42.3% 25,000 42.6% 41.7% 42.4% 40% 36.7% 35.4% 20,000 32.1% 28.9% 31.8% 33.1% 30% 23.1% 25.4% 22.9% 15,000 30.1% 25.4% 23.1% 24.4% 20% 10,000 10% 5,000 14,580 18,500 27,422 32,794 20,406 20,755 25,090 29,165 15,804 16
Slide 9: Opt Profit & OPM
Opt Profit & OPM 14,000 Opt. Profit (NT$ mn) 45% Opt. Margin 38.1% 40% 36.2% 12,000 36.7% 32.6% 33.0% 35% 32.4% 10,000 33.4% 30% 27.2% 8,000 23.1% 22.7% 25% 22.2% 20.4% 18.0% 20% 6,000 16.1% 19.0% 17.9% 16.1% 15% 15.4% 4,000 15.0% 10% 9.1% 2,000 5% 5,352 7,049 9,165 11,867 6,654 6,719 8,287 7,944 2,
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 4Q21 3Q21 4Q20 Total Assets 246,903 100% 247,566 100% 255,903 100% Cash 53,115 22% 21,414 9% 111,883 44% Current Asset 195,318 79% 197,183 80% 201,877 79% Fixed Asset 17,868 7% 19,460 8% 22,568 9% Total Liabilities 95,476 39% 96,874 39% 97,832 38% Current Liabi
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (In NTD mn) 2021 2020 Beginning Balance 111,883 69,017 Cash from operating activities 9,525 20,303 Depreciation & amortization 4,919 8,790 Cash from investing activities (62,263) 30,959 Capital expenditure (982) (1,452) Cash from financing activities (5,552) (6,119) Short-term
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2001 – 2021)
Revenue Trend (2001 – 2021) 100 Revenue (NT$ bn) 95.42 93.30 91.63 90 82.41 82.51 79.11 80 70 60 55.28 50 43.25 41.09 40 37.03 35.91 30 19.05 21.85 18.09 16.99 20 15.14 9.59 10 5.01 3.42 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 2
Slide 14: EPS Trend (2001 – 2021)
EPS Trend (2001 – 2021) 40 36.31 35 32.61 28.58 30 28.35 27.65 25 23.52 20 18.38 15.68 14.93 14.63 15 13.93 14.4 13.29 11.31 9.25 10 7.25 6.66 6.34 5.01 5 2.4 2.44 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 CATCHER confidential 14
Slide 15: Catcher Technology – Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing Investor Relations Nora Hou Christine Lin nora.hou@catcher-group.com christine.lin@catcher-group.com +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2806 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential