Catcher Technology Co., Ltd. - Earnings Release 2020

Catcher Technology

2020 Q1 Earnings Results

2020/04

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CATCHER confidential

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”, “intends”, “plans”, “believes”, “seeks”, or “will”.

• Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to different materially from those contained in any forward-looking statement. Such factors include, but are not limited to: our highly competitive environment; the cyclical nature of our business; our ability to develop new products; and our successful execution in new business developments.

CATCHER confidential

1Q20 Financial Summar y

Rev. NT$17.6bn, -44.8% q-q due to seasonality and Corona virus; +11.5%
y-y driven by demand recovery.
GM 24.4%, -1.0% q-q and y-y mainly due to production disruption impacted
by the virus.
OPM 16.1%, -1.9% q-q, but +0.7% y-y due to lower OPEX.
NPBT 5.4bn, +10.2% q-q/ +74.4% y-y because of Non-OP impact.
NPAT 3.9bn, +13.7% q-q/ +131.2% y-y.
Basic EPS NT$5.09 in 1Q20 vs NT$ 4.48 in 4Q19/NT$2.20 in 1Q19.
CAPEX 367mn in 1Q20 vs 1.68bn in 1Q19.
D&A 2.81bn in 1Q20 vs 2.83bn in 4Q19/3.15bn in 1Q19.
EBITDA 5.65bn in 1Q20 vs 8.57bn in 4Q19/5.58bn in 1Q19.
•EBITDA = Operating Profit + Depreciation + Amortization

CATCHER confidential

1Q20 vs. 4Q19 P/L

	1Q20	4Q19
(In NTD mn)	Amount %	Amount %
Revenue	17,616 100.0%	31,933 100.0%
GP	4,291 24.4%	8,118 25.4%
OPEX	1,457 8.3%	2,374 7.4%
OP	2,834 16.1%	5,744 18.0%
Non-OP	2,544 14.4%	- 865 -2.7%
NPBT	5,379 30.5%	4,879 15.3%
NPAT (attributable to parent company)	3,923 22.3%	3,449 10.8%
Basic EPS (NTD)	$ 5.09	$ 4.48
EBITDA	$ 5,647 32.1%	$ 8,572 26.8%

`※` FX gains was NT$729mn in 1Q20

CATCHER confidential

1Q20 vs. 1Q19 P/L

	1Q20	1Q19
(In NTD mn)	Amount %	Amount %	yoy
Revenue	17,616 100.0%	15,804 100.0%	11.5%
GP	4,291 24.4%	4,007 25.4%	7.1%
OPEX	1,457 8.3%	1,575 10.0%	-7.5%
OP	2,834 16.1%	2,432 15.4%	16.5%
Non-OP	2,544 14.4%	652 4.1%	290.2%
NPBT	5,379 30.5%	3,084 19.5%	74.4%
NPAT (attributable to parent company)	3,923 22.3%	1,696 10.7%	131.2%
Basic EPS (NTD)	$ 5.09	$ 2.20	$ 2.89
EBITDA	$ 5,647 32.1%	$ 5,584 35.3%	1.1%

`※` FX gains was NT$729mn in 1Q20

CATCHER confidential

Revenue & GM

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Revenue (NT$ mn) GM
35,000 60.0%
32,794
31,933
30,000 50.0% 29,165
50.0%
27,817
27,422
49.0% [48.1% ]
25,090
43.5%
42.6% 42.3%
25,000 42.8% 24,016
42.6%
42.4%
41.7% 40.0%
36.7%
20,731
20,406 [ 20,755 ]
36.1%
20,000
18,500
17,616
16,843 [ 17,524 ] 30.0%
15,804 [ 16,075 ]
14,580
15,000
25.4% [23.1% ]
23.1% [25.4% ]
24.4%
20.0%
10,000
10.0%
5,000
- 0.0%
1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20
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CATCHER confidential

OP & OPM

- 2,000 4,000 6,000 8,000 10,000 12,000 14,000	5,804 4,906 6,956 9,824 5,352 7,049 9,165 11,867 6,6546,719 8,287 7,944 2,432 1,468 4,466 5,744 2,834 34.5% 28.0% 33.6% 40.9% 36.7% 38.1% 33.4% 36.2% 32.6% 32.4% 33.0% 27.2% 15.4% 9.1% 16.1% 18.0% 16.1% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 OP (NT$ mn) OPM

CATCHER confidential

Consolidated Balance Sheet

(In NT$ mn)	1Q20	4Q19	1Q19
Total Assets	244,143 **100% **	243,114 **100% **	251,586 *100%*
Cash	117,895 48%	69,017 28%	11,233 4%
Current Asset	195,578 80%	191,845 79%	191,200 76%
Fixed Asset	38,783 16%	41,297 17%	50,182 20%

Total Liabilities	92,047 **38% **	94,526 **39% **	96,435 *38%*
Current Liab.	90,523 37%	93,271 38%	94,893 38%
Long-term Liab.	1,524 1%	1,255 1%	1,542 1%

Shareholders Equity	151,965 **62% **	148,463 **61% **	155,041 *62%*
Total Liab. & Equity	244,143 100%	243,114 100%	251,586 100%
BVPS	197.3	192.7	201.3

Weighted Average Shares (mn)	770.300	770.391	770.391

CATCHER confidential

Consolidated Cash Flow

(NT$ mn)	1Q20	1Q19 29,305 2,766 3,152 - 22,274 - 1,679 1,459 1,736 - 22 - 18,071 11,233 5,584 1,087
Beginning Balance	69,017
Cash from operating activities	7,640
Depreciation & Amortization	2,812
Cash from investing activities	39,218
Capital Expenditure	- 367
Cash from financing activities	1,511
Short-term & Long-term loans	2,335
FX Impact	509
Change in cash	48,878
Ending Balance	117,895

EBITDA	5,647
Free Cash Flow	7,273

CATCHER confidential

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A endix pp

100

Revenue Trend (2000 - 2019)

Revenue (NT$ bn)

120

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0
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93.30[95.42 ] 91.63

CAGR=25.7%

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82.41
79.11
55.28
43.25
35.91 [37.03 ]
21.85
15.14 [18.09 ] [19.05 ] [16.99 ]
9.59
1.19 1.01 [1.85 3.42 5.01 ]
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
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CATCHER confidential

EPS Trend (2000 - 2019)

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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
9.25
10
7.25
6.34 6.66
5.01
4.3
5
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
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14.63
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CATCHER confidential

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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

[email protected] http://www.catcher-group.com

CATCHER confidential

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Catcher Technology Co., Ltd. Earnings Release 2020

52109_rns_2020-08-24_2b3d2ded-fb4a-4ef6-af8f-817925b2a4a1.pdf