Slide 1: Catcher Technology 2021 Q2/H1 Earnings Results
Catcher Technology 2021 Q2/H1 Earnings Results 2021/08 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: 2Q21 Financial Summary
2Q21 Financial Summary • Revenue NT$ 10.402bn, -17.6% q-q due to component shortage, -53.8% y-y due to the disposal of the Taizhou plant in 2020. • GM 32.1%, +0.3pp q-q / +9.2pp y-y due to adjustment in product mix and reduced depreciation. • OPM 20.4%, -1.8pp q-q due to increased R&D, +5.4pp y-y th
Slide 4: 1H21 Financial Summary
1H21 Financial Summary • Revenue NT$ 23.031bn, -42.6% y-y due to component shortage and a high base impact, while demand remained solid across major product lines. • GP 7.363bn, -22.1% y-y; GM 32%, +8.5pp y-y thanks to product mix adjustment. • OP 4.923bn, -20.8% y-y; OPM 21.4%, +5.9pp y-y due to hi
Slide 5: 2Q21 vs. 1Q21 P/L
2Q21 vs. 1Q21 P/L 2Q21 1Q21 (In NTD mn) Amount % Amount % qoq Revenue 10,402 100.0% 12,629 100.0% -17.6% GP 3,344 32.1% 4,019 31.8% -16.8% OPEX 1,224 11.8% 1,216 9.6% 0.7% OP 2,120 20.4% 2,803 22.2% -24.4% Non-OP - 503 -4.8% 752 6.0% -166.9% NPBT 1,617 15.5% 3,555 28.2% -54.5% NPAT 681 6.6% 2,513 19
Slide 6: 2Q21 vs. 2Q20 P/L
2Q21 vs. 2Q20 P/L 2Q21 2Q20 (In NTD mn) Amount % Amount % yoy Revenue 10,402 100.0% 22,538 100.0% -53.8% GP 3,344 32.1% 5,165 22.9% -35.3% OPEX 1,224 11.8% 1,782 7.9% -31.3% OP 2,120 20.4% 3,384 15.0% -37.4% Non-OP - 503 -4.8% 1,232 5.5% -140.8% NPBT 1,617 15.5% 4,615 20.5% -65.0% NPAT 681 6.6% 2,76
Slide 7: 1H21 vs. 1H20 P/L
1H21 vs. 1H20 P/L 1H21 1H20 (In NTD mn) Amount % Amount % yoy Revenue 23,031 100.0% 40,154 100.0% -42.6% GP 7,363 32.0% 9,456 23.5% -22.1% OPEX 2,440 10.6% 3,238 8.1% -24.6% OP 4,923 21.4% 6,218 15.5% -20.8% Non-OP 249 1.1% 3,776 9.4% -93.4% NPBT 5,172 22.5% 9,994 24.9% -48.2% NPAT 3,195 13.9% 6,689
Slide 8: Revenue & GM
Revenue & GM 35,000 Revenue (NT$ mn) 60.0% 32,794 31,933 GM 30,000 29,165 49.0% 50.0% 27,422 27,817 43.5% 25,090 48.1% 42.3% 25,000 23,668 41.7% 42.4% 22,538 40.0% 42.6% 20,755 36.7% 20,406 20,000 18,500 18,683 32.1% 16,075 17,616 15,804 28.9% 30.1% 31.8% 30.0% 14,580 25.4% 15,000 22.9% 12,629 25.4%
Slide 9: Opt Profit & OPM
Opt Profit & OPM 14,000 45.0% OP (NT$ mn) OPM 38.1% 40.0% 12,000 36.7% 36.2% 33.4% 32.6% 32.4% 33.0% 35.0% 10,000 11,867 9,165 30.0% 8,287 27.2% 8,000 25.0% 7,049 22.7% 22.2% 6,654 6,719 7,944 20.4% 18.0% 20.0% 6,000 5,352 5,380 16.1% 15.4% 15.0% 17.9% 16.1% 15.0% 4,000 5,744 3,384 3,338 9.1% 4,466
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 2Q21 1Q21 2Q20 Total Assets 249,501 100% 250,872 100% 241,951 100% Cash 27,476 11% 20,657 8% 119,354 49% Current Asset 200,256 80% 198,278 79% 196,331 81% Fixed Asset 20,198 8% 21,187 8% 35,987 15% Total Liabilities 100,280 40% 90,325 36% 98,787 41% Current Lia
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 1H21 1H20 Beginning Balance 111,883 69,017 Cash from operating activities 2,892 14,915 Depreciation & Amortization 2,731 5,497 Cash from investing activities - 87,453 37,026 Capital Expenditure - 568 - 712 Cash from financing activities 1,106 - 351 Short-term & Long-t
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2000 – 2020)
Revenue Trend (2000 – 2020) 100 (NT$ bn) 95.42 93.30 91.63 90 82.41 82.51 79.11 80 70 60 55.28 50 43.25 40 35.91 37.03 30 21.85 20 18.09 19.05 16.99 15.14 9.59 10 5.01 3.42 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 CATCH
Slide 14: EPS Trend (2000 – 2020)
EPS Trend (2000 – 2020) 40 (NT$) 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 14
Slide 15: Catcher Technology – Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing Investor Relations Nora Hou 侯乃鳳 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