AI assistant
Catcher Technology Co., Ltd. — Earnings Release 2013
Feb 14, 2014
52109_rns_2014-02-14_87938ccf-86d8-4dbc-9b4a-4d93ecc1230f.pdf
Earnings Release
Open in viewerOpens in your device viewer
Catcher Technology – I nnova ti ve ea L d er i n C as i ng
2013 Q4 Earnings Conference
2014/2/6
==> picture [115 x 18] intentionally omitted <==
----- Start of picture text -----
CATCHER
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
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”, or “will”. “intends”, “plans”, “believes”, “seeks”,
Forward-looking statements involve inherent risks and uncertainties. We caution that a number of you important factors could cause actual results to different materially from those contained in statement. Such any forward-looking factors but are not limited to: our include, highly competitive the nature of our our environment; cyclical business; ability to develop new products; and our successful execution in new business developments.
==> picture [140 x 19] intentionally omitted <==
4Q13 Business Review
==> picture [721 x 271] intentionally omitted <==
----- Start of picture text -----
Catcher Confidential 2014
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
4Q 2013 Consolidated P/L
| (NTD MM) 4Q13 % Revenue 13,115 100.0% Gross Profit 5,468 41.7% Op Exp. 1,35510.3% * IFRS Op Profit 4,113 31.4% NPBT 4,597 35.0% NPAT 3,472 26.5% EPS (NTD) $4.62 EBITDA 5,549 42.3% |
3Q13 % q-q 10,438 100.0% 25.6% 4,348 41.7% 25.8% 1,10310.6% 22.9% * IFRS 3,245 31.1% 26.7% 3,415 32.7% 34.6% 2,771 26.5% 25.3% $3.69 +$0.93 4,630 44.4% 19.8% |
4Q12 % y-y 9,912 100.0% 32.3% 4,424 44.6% 23.6% 1,043 10.5% 29.9% * IFRS 3,380 34.1% 21.7% 5,118 51.6% -10.2% 4,583 46.2% -24.2% $6.10 -$1.48 4,610 46.5% 20.4% |
|---|---|---|
- EBITDA = Operating Profit + Depreciation + Amortization
==> picture [140 x 19] intentionally omitted <==
2013 Consolidated P/L
| (NTD MM) | 2013 | % | 2012 | % | y-y | ||
|---|---|---|---|---|---|---|---|
| Revenue | 43,246 | 100.0% | 37,029 | 100% | 16.8% | ||
| Gross Profit | 18,321 | 42.4% | 16,044 | 43.3% | 14.2% | ||
| O E p xp. |
4 405 , |
10 2% . |
3 883 , |
10 5% . |
13 4% . |
||
| Op Profit | 13,916 | 32.2% | 12,160 | 32.8% | 14.4% | ||
| NPBT | 17,528 | 40.5% | 13,944 | 37.7% | 25.7% | ||
| NPAT | 13,801 | 31.9% | 10,812 | 29.2% | 27.6% | ||
| EPS (NTD) | $18.38 | $14.40 | +$3.98 | ||||
| Catcher Confidential | 2014 | 5 |
==> picture [140 x 19] intentionally omitted <==
Quarterly Revenue
(NT$ Million)
Revenue x Gross Margin Rate
==> picture [721 x 389] intentionally omitted <==
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|18000|60.0%|
|52.3%|
|15000|47.1%|46.3%|50.0%|
|45.2%|44.5%|44.5%|
|41.7% 41.7%|
|40.0%|41.1%|42.0%|41.7%|
|12000|40.0%|
|10,773|
|9,147|9|,|646|9,912|9,232|10,460 10,438|13|,|115|
|8,897|8,656|8,815|
|9000|30.0%|
|7,096|
|6000|20.0%|
|3000|10.0%|
|0|0.0%|
|1Q11|2Q11|3Q11|4Q11|1Q12|2Q12|3Q12|4Q12|1Q13|2Q13|3Q13|4Q13|
|Sales Revenue|Gross Margin Rate (%)|
|Catcher Confidential 2014|6|
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
Operating Profit & Margins
Operating Profit & Margin Rate
(NT$ Million)
==> picture [721 x 394] intentionally omitted <==
----- Start of picture text -----
50.0%
6000
42.1%
36.2% 37.6% 34.7% 40.0%
5000
4,533
34.6% 31.9%34.0% 31.7% 31.1% [31.4%]
30.4%
28.4%
4000
3,627 30.0%
3 , 222 3 , 441 3 , 341 3,371 3 , 245 [4,113]
2,930
3000 2,814
2,632
20.0%
2,018
2000
10.0%
1000
0 0.0%
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13
Operating Profit Operating Margin Rate (%)
Catcher Confidential 2014 7
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
2000-2013 EPS Trend
==> picture [721 x 411] intentionally omitted <==
----- Start of picture text -----
20
18.38
18
15.68
16 14.93
14.40
13.93
14 13.29
12
10 9.25
8 7.25
6.66
6.34
6 5.01
4.3
4
2.4 2.44
2
0
EPS
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Catcher Confidential 2014 8
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
Consolidated Balance Sheet
- IFRS
| (NTD MM) Total Assets Cash Current Asset Fixed Asset Catcher Confidential 2014 Total Liabilities Current Liab. Other Liab. Shareholder Equity Total Liab. & Equity BVPS |
4Q13 % 105,379 100% 39,378 37% 65,347 62% 34,903 33% 2.0% 31,699 30% 31,575 30% 124 0% 0.1% 73,509 70% 105,379 100% 98.15 |
3Q13 % 4Q12 % 99,608 100% 101,360 100% 33,161 33% 45,400 45% 59,677 60% 66,560 66% 34,905 35% 30,815 30% 2.0% 3.0% 9 30,318 30% 39,771 39% 30,200 30% 36,792 36% 118 0% 2,979 3% 0.1% 0.1% 69,124 70% 61,410 61% 99,608 100% 101,360 100% 92.08 81.8 |
|---|---|---|
==> picture [140 x 19] intentionally omitted <==
Cash Flow
==> picture [41 x 10] intentionally omitted <==
----- Start of picture text -----
* IFRS
----- End of picture text -----
| (NTD MM) | 2013 | 2012 |
|---|---|---|
| Beginning Balance | 45,400 | 35,542 |
| Cash from operating activities | 20,116 | 9,738 |
| Capital expenditures | (9,629) | (8,396) |
| Cash Dividends | (4,504) | (3,753) |
| Short-term & Long-term loans | (11,736) | 7,628 |
| Others | (269) | 4,641 |
| Ending Balance | 39,378 | 45,400 |
| EBITDA | 19,141 | 16,433 |
| Free Cash Flow | 10,487 | 1,342 |
- EBITDA = Operating Profit + Depreciation + Amortization
*Free cash flow = Cash from operating activities – Capital expenditures
==> picture [140 x 19] intentionally omitted <==
Appendix
==> picture [721 x 271] intentionally omitted <==
----- Start of picture text -----
Catcher Confidential 2014
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
Annual Revenue (2000 ~ 2013)
==> picture [721 x 451] intentionally omitted <==
----- Start of picture text -----
NT$ Billion
50
45 43.25
40
37.03
35 35.9
30 CAGR = 31.8%
25
21.85
20 18.09 [19.05]
16.99
15.14
15
9.59
10
5.01
5 3.4
1.85
1.19 1.01
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Sales Revenue
Catcher Confidential 2014 12
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==
Gross Margin & Net Profit ( 2000~ 2013 )
==> picture [721 x 441] intentionally omitted <==
----- Start of picture text -----
Unit: NT Million ; %
16000
52.2%
50.5%
47.1% 47.0% 13,801 50%
14000 48.1%
43.3%
43.6%42.5%
41.5%
39.9%
12000
36.4% 42.4% 40%
35.3%
10,812
10000
35.5%
10,665
30%
8000
7,216
6,470
6000
20%
4,361 4,447
3,797
4000 3,331
10%
1,735
2000
983
252 305 327
0 0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Net Profit after Tax Gross Margin
Catcher Confidential 2014 13
----- End of picture text -----
==> picture [140 x 19] intentionally omitted <==