Slide 1: Catcher Technology 2020 Q2/H1 Earnings Results
Catcher Technology 2020 Q2/H1 Earnings Results 2020/08 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: 2Q20 Financial Summary
2Q20 Financial Summary • Rev. NT$22.5bn, +27.9% q-q/ +40.2% y-y due to sound smartphones demand and NB/tablet growth driven by work from home/home education. • GM 22.9%, -1.4% q-q and -0.2% y-y mainly due to product mix and FX impact. • OPM 15.0%, -1.1% q-q due to lower GM, but +5.9% y-y thanks to l
Slide 4: 1H20 Financial Summary
1H20 Financial Summary • Rev. NT$40.2bn, +26% y-y with demand growth across major product lines. • GP 9.5bn, +22.6% y-y; GM 23.5%, -0.7% y-y due to production disruption impacted by the virus, product mix and FX impact. • OP 6.2bn, +59.4% y-y; OPM 15.5%, +3.3% y-y due to lower OPEX. • NPBT 10bn, +9%
Slide 5: 2Q20 vs. 1Q20 P/L
2Q20 vs. 1Q20 P/L 2Q20 1Q20 (In NTD mn) Amount % Amount % qoq Revenue 22,538 100.0% 17,616 100.0% 27.9% GP 5,165 22.9% 4,291 24.4% 20.4% OPEX 1,782 7.9% 1,457 8.3% 22.3% OP 3,384 15.0% 2,834 16.1% 19.4% Non-OP 1,232 5.5% 2,544 14.4% -51.6% NPBT 4,615 20.5% 5,379 30.5% -14.2% NPAT 2,766 12.3% 3,923 2
Slide 6: 2Q20 vs. 2Q19 P/L
2Q20 vs. 2Q19 P/L 2Q20 2Q19 (In NTD mn) Amount % Amount % yoy Revenue 22,538 100.0% 16,075 100.0% 40.2% GP 5,165 22.9% 3,706 23.1% 39.4% OPEX 1,782 7.9% 2,239 13.9% -20.4% OP 3,384 15.0% 1,468 9.1% 130.5% Non-OP 1,232 5.5% 4,614 28.7% -73.3% NPBT 4,615 20.5% 6,082 37.8% -24.1% NPAT 2,766 12.3% 2,728
Slide 7: 1H20 vs. 1H19 P/L
1H20 vs. 1H19 P/L 1H20 1H19 (In NTD mn) Amount % Amount % yoy Revenue 40,154 100.0% 31,879 100.0% 26.0% GP 9,456 23.5% 7,714 24.2% 22.6% OPEX 3,238 8.1% 3,814 12.0% -15.1% OP 6,218 15.5% 3,900 12.2% 59.4% Non-OP 3,776 9.4% 5,266 16.5% -28.3% NPBT 9,994 24.9% 9,166 28.8% 9.0% NPAT 6,689 16.7% 4,424 1
Slide 8: Revenue & GM
Revenue & GM Revenue (NT$ 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% 36.1% 20,731 20,40620,755 22,538 20,000 18,500 17,524 17,616 16,843 30.0% 15,80416,075 14,580 15,000 23.1% 25.4% 2
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 6,654 6,719 6,000 5,804 5,744 20.0% 5,352 18.0% 4,906 16.1% 15.0% 4,466 16.1% 15.0% 15.4% 4,000 9.1% 3,
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NT$ mn) 2Q20 1Q20 2Q19 Total Assets 241,951 100% 244,143 100% 249,336 100% Cash 119,354 49% 117,895 48% 22,074 9% Current Asset 196,331 81% 195,578 80% 191,415 77% Fixed Asset 35,987 15% 38,783 16% 47,953 19% Total Liabilities 98,787 41% 92,047 38% 101,203 41% Current
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 1H20 1H19 Beginning Balance 69,017 29,305 Cash from operating activities 14,916 8,337 Depreciation & Amortization 5,497 6,290 Cash from investing activities 37,026 - 14,093 Capital Expenditure - 712 - 2,594 Cash from financing activities - 352 - 724 Short-term & Long-
Slide 12: Appendix
Appendix
Slide 13: Revenue Trend (2000 - 2019)
Revenue Trend (2000 - 2019) Revenue (NT$ bn) 120 100 95.42 93.30 CAGR=25.7% 91.63 82.41 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 CATCHER
Slide 14: EPS Trend (2000 - 2019)
EPS Trend (2000 - 2019) 40 36.31 35 32.61 30 28.58 28.35 25 23.52 20 18.38 15.68 14.93 14.4 14.63 15 13.93 13.29 10 9.25 7.25 6.66 6.34 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 CATCHER confidential 14
Slide 15: Innovative Leader in Casing
Catcher Technology – Innovative Leader in Casing Investor Relations Kristen Fang 方文妍 Teresa Wang 王彤 +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2812 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential