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Catcher Technology 2014 Q3 Earnings Conference

2014/11/06

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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.

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3Q14 Business Review

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Catcher Confidential 2014
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3Q 2014 Consolidated P/L

(In NTD mn) Revenue Gross Profit Op. Expenses Op. Profit NPBT NPAT EPS (NTD) EBITDA	3Q14 Amount % 14,529 100.0% 7,094 48.8% 1,637 11.3% 5,457 37.6% 6,293 43.3% 4,811 33.1% $6.36 6,866 47.3%	2Q14 Amount % q-q 13,319 100.0% 9.1% 6,557 49.2% 8.2% 1,399 10.5% 17.0% 5,157 38.7% 5.8% 5,436 40.8% 15.8% 3,644 27.4% 32.0% $4.84 $1.52 6,664 50.0% 3.0%

•EBITDA = Operating Profit + Depreciation + Amortization
•EPS was calculated based on 3Q14 weighted average shares of 756,974 K

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3Q 2014 vs 3Q 2013 P/L

(In NTD mn) Revenue Gross Profit Op. Expenses Op. Profit NPBT NPAT EPS (NTD) EBITDA	3Q14 Amount % 14,529 100.0% 7,094 48.8% 1,637 11.3% 5,457 37.6% 6,293 43.3% 4,811 33.1% $6.36 6,866 47.3%	3Q13 Amount % y-y 10,438 100.0% 39.2% 4,348 41.7% 63.2% 1,103 10.6% 48.4% 3,245 31.1% 68.2% 3,415 32.7% 84.3% 2,771 26.5% 73.6% $3.69 $2.67 4,630 44.4% 48.3%

•EBITDA = Operating Profit + Depreciation + Amortization
•EPS was calculated based on 3Q14 weighted average shares of 756,974 K

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9M14 Consolidated P/L

(In NTD mn) Revenue Gross Profit Op. Expenses Op. Profit NPBT NPAT EPS (NTD) EBITDA	9M14 Amount % 38,264 100.0% 17,954 46.9% 4,132 10.8% 13,823 36.1% 15,588 40.7% 11,439 29.9% $15.11 18,194 47.5%	9M13 Amount % y-y 30,130 100.0% 27.0% 12,853 42.7% 39.7% 3,050 10.1% 35.5% 9,803 32.5% 41.0% 12,931 42.9% 20.5% 10,329 34.3% 10.7% $13.76 $1.35 13,592 44.4% 33.9%

•EBITDA = Operating Profit + Depreciation + Amortization
•EPS was calculated based on 3Q14 weighted average shares of 756,974 K

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Quarterly Revenue & GP Margin

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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|(In NTD|mn)|Revenue x Gross Margin Rate|
|18000|60.0%|
|52.3%|
|49.2%|
|48.8%|
|15000|47.1%|46.3%|50.0%|
|45.2%|44.5%|
|40.0%|41.1%|42.0%|41.7%|14,529|
|44.5%41.7%41.7%41.3%|
|13,319|
|12000|40.0%|
|10,46010,438|
|10,773|9|,|646|9,912|9,232|13|,|115|10,416|
|8,897|9,1478,656|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|1Q14|2Q14|3Q14|
|Sales Revenue|Gross Margin Rate (%)|
|Catcher Confidential 2014|7|

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Operating Profit & Margins

Operating Profit & Margin Rate

(In NTD mn)

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50.0%
6000
42.1%
38.7%37.6%
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% 30.8% 5,157 [5,457]
28.4%
4000
3,627 30.0%
3 , 222 3 , 441 3 , 341 3,371 2,930 3 , 245 [4,113] 3 , 208
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 1Q14 2Q14 3Q14
Operating Profit Operating Margin Rate (%)
Catcher Confidential 2014 8
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2000-9M14 EPS Trend

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20
18.38
18
16 15.68
14.93 15.11
14.4
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 9M14
Catcher Confidential 2014 9
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Consolidated Balance Sheet

IFRS

(In NTD mn) Total Assets Cash Current Asset Fixed Asset Total Liabilities Current Liab. Other Liab. Shareholder Equity Total Liab. & Equity BVPS	3Q14 118,769 100% 48,192 41% 72,199 61% 35,473 30% 33,359 28% 27,494 23% 5,864 5% 85,231 72% 118,769 100% 112.6	2Q14 105,124 100% 38,901 37% 63,113 60% 34,212 33% 27,210 26% 25,353 24% 1,856 2% 77,740 74% 105,124 100% 103.4	3Q13
			99,608 100%
			33,161 33% 59,677 60% 34,905 35% 30,318 30% 30,200 30% 118 0%
			69,124 70% 99,608 100% $92.1

•BVPS was calculated based on 9M14 weighted average shares of 756,974k

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Cash Flow

(In NTD mn) 2014 9M 2013 9M Beginning Balance 39,378 45,400 Cash from operating activities 19,409 13,105 Capital expenditures (10,020) (7,278) Short-term & Long-term loans (5,480) (14,891) Others 4,905 (3,175) Ending Balance 48,192 33,161

EBITDA 18,194 13,592 Free Cash Flow 9,389 5,827

EBITDA = Operating Profit + Depreciation + Amortization

*Free cash flow = Cash from operating activities – Capital expenditures

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Appendix

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Catcher Confidential 2014
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Annual Revenue (2000 ~ 2013)

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NTD 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 13
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Gross Margin & Net Profit `(` 2000~ 2013 `)`

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In NTD mn ; %
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 14
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