Catcher Technology Co., Ltd. · TWSE:2474
Catcher Technology — Q3 2021 Earnings Presentation
15 slides from Catcher Technology's earnings presentation, Nov 8, 2021
Slide 1: Catcher Technology 2021 Q3 Earnings Results
Catcher Technology 2021 Q3 Earnings Results 2021/11 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: 3Q21 Financial Summary
3Q21 Financial Summary • Revenue NT$ 9.868bn, -5.1% q-q due to component shortage and logistics constraints, -58.3% y-y due to the disposal of the Taizhou plant in 2020; power curb in China slowed down clients’ pull-in. • GM 35.4%, +3.3pp q-q / +6.5pp y-y due to adjustment in product mix and reduced
Slide 4: 3Q21 vs. 2Q21 P/L
3Q21 vs. 2Q21 P/L 3Q21 2Q21 (In NTD mn) Amount % Amount % qoq Revenue 9,868 100.0% 10,402 100.0% -5.1% GP 3,495 35.4% 3,344 32.1% 4.5% OPEX 1,212 12.3% 1,224 11.8% -1.0% OP 2,283 23.1% 2,120 20.4% 7.7% Non-OP 218 2.2% - 503 -4.8% N/M NPBT 2,501 25.3% 1,617 15.5% 54.7% NPAT 2,010 20.4% 681 6.6% 195.0
Slide 5: 3Q21 vs. 3Q20 P/L
3Q21 vs. 3Q20 P/L 3Q21 3Q20 (In NTD mn) Amount % Amount % yoy Revenue 9,868 100.0% 23,668 100.0% -58.3% GP 3,495 35.4% 6,835 28.9% -48.9% OPEX 1,212 12.3% 1,455 6.1% -16.7% OP 2,283 23.1% 5,380 22.7% -57.6% Non-OP 218 2.2% - 1,866 -7.9% N/M NPBT 2,501 25.3% 3,514 14.8% -28.8% NPAT 2,010 20.4% 569 2.
Slide 6: 9M21 Financial Summary
9M21 Financial Summary • Revenue NT$ 32.899bn, -48.5% y-y due to component shortage, logistics constraints and a high base effect, while demand remained solid across major product lines. • GP NT$ 10.858bn, -33.3% y-y; GM 33.0%, +7.5pp y-y thanks to product mix adjustment and lower depreciation expen
Slide 7: 9M21 vs. 9M20 P/L
9M21 vs. 9M20 P/L 9M21 9M20 (In NTD mn) Amount % Amount % yoy Revenue 32,899 100.0% 63,823 100.0% -48.5% GP 10,858 33.0% 16,291 25.5% -33.3% OPEX 3,652 11.1% 4,694 7.4% -22.2% OP 7,206 21.9% 11,597 18.2% -37.9% Non-OP 467 1.4% 1,910 3.0% -75.5% NPBT 7,673 23.3% 13,508 21.2% -43.2% NPAT 5,204 15.8% 7
Slide 8: Revenue & GM
Revenue & GM 35,000 Revenue (NT$ mn) GM 60.0% 32,794 31,933 30,000 29,165 49.0% 50.0% 27,422 27,817 48.1% 25,090 43.5% 25,000 42.6% 42.3% 42.4% 23,668 41.7% 22,538 40.0% 20,755 36.7% 35.4% 20,406 20,000 18,500 32.1% 18,683 16,075 17,616 31.8% 30.0% 15,804 30.1% 14,580 25.4% 28.9% 15,000 25.4% 12,629
Slide 9: Opt Profit & OPM
Opt Profit & OPM 14,000 OP (NT$ mn) OPM 45.0% 38.1% 40.0% 12,000 36.7% 36.2% 33.4% 32.6% 35.0% 32.4% 33.0% 10,000 11,867 9,165 30.0% 27.2% 8,287 8,000 23.1% 25.0% 7,049 7,944 22.7% 6,719 6,654 20.4% 18.0% 22.2% 20.0% 6,000 5,352 5,380 15.4% 16.1% 15.0% 17.9% 15.0% 5,744 16.1% 4,000 9.1% 4,466 3,384
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In NTD mn) 3Q21 2Q21 3Q20 Total Assets 247,566 100% 249,501 100% 244,114 100% Cash 21,414 9% 27,476 11% 91,165 37% Current Asset 197,183 80% 200,256 80% 174,763 72% Fixed Asset 19,460 8% 20,198 8% 34,318 14% Total Liabilities 96,874 39% 100,280 40% 100,367 41% Current Lia
Slide 11: Consolidated Cash Flow
Consolidated Cash Flow (NT$ mn) 9M21 9M20 Beginning Balance 111,883 69,017 Cash from operating activities 4,898 17,288 Depreciation & Amortization 3,895 8,171 Cash from investing activities - 93,219 11,201 Capital Expenditure - 939 - 1,050 Cash from financing activities - 993 - 5,157 Short-term & Lo
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 Christine Lin 林靜文 +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2806 IR@catcher-group.com http://www.catcher-group.com CATCHER confidential