Catcher Technology Co., Ltd. - Interim / Quarterly Report 2021

Catcher Technology

2021 Q1 Earnings Results

2021/05

==> picture [75 x 101] intentionally omitted <==

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

1Q21 Financial Summar y

Revenue NT$12.6bn, -32.4% q-q and -28.3% yoy as Taizhou subsidiaries divestment was completed by end-2020 and no revenue contribution starting from year 2021.
GM 31.8%, +1.7% q-q and +7.4% y-y mainly due to product mix.
OPM 22.2%, +4.3% q-q and +6.1% y-y due to GM improvement and cost
control.
NPBT 3.6bn, -87.0% q-q due to one-off gains from the sale of Taizhou

subsidiaries; -33.9% y-y because of revenue decline and Non-OP impact.

.
NPAT (attributable to parent company) 2.5bn, -81.9% q-q/ 35.9% y-y
Basic EPS NT$3.30 in 1Q21 vs NT$ 18.16 in 4Q20/NT$5.09 in 1Q20.
CAPEX 142mn in 1Q21 vs 367mn in 1Q20.
D&A 1.42bn in 1Q21 vs 0.62bn in 4Q20/2.81bn in 1Q20.
EBITDA 4.22bn in 1Q21 vs 3.96bn in 4Q20/5.65bn in 1Q20.
•EBITDA = Operating Profit + Depreciation + Amortization

CATCHER confidential

1Q21 vs. 4Q20 P/L

	1Q21	4Q20
(In NTD mn)	Amount %	Amount %
Revenue	12,629 100.0%	18,683 100.0%
GP	4,019 31.8%	5,628 30.1%
OPEX	1,216 9.6%	2,290 12.3%
OP	2,803 22.2%	3,338 17.9%
Non-OP	752 6.0%	24,002 128.5%
NPBT	3,555 28.2%	27,340 146.3%
NPAT (attributable to parent company)	2,513 19.9%	13,873 74.3%
Basic EPS (NTD)	$ 3.30	$ 18.16
EBITDA	4,222 33.4%	3,956 21.2%

CATCHER confidential

1Q21 vs. 1Q20 P/L

	1Q21	1Q20
(In NTD mn)	Amount %	Amount %
Revenue	12,629 100.0%	17,616 100.0%
GP	4,019 31.8%	4,291 24.4%
OPEX	1,216 9.6%	1,457 8.3%
OP	2,803 22.2%	2,834 16.1%
Non-OP	752 6.0%	2,544 14.4%
NPBT	3,555 28.2%	5,379 30.5%
NPAT (attributable to parent company)	2,513 19.9%	3,923 22.3%
Basic EPS (NTD)	$ 3.30	$ 5.09
EBITDA	4,222 33.4%	5,647 32.1%

CATCHER confidential

Revenue & GM

==> picture [687 x 398] intentionally omitted <==

----- Start of picture text -----

Revenue (NT$ mn) GM
35,000 60.0%
32,794
31,933
30,000 29,165
50.0%
27,817
49.0% 27,422
48.1%
42.6% [43.5% ] 25,090
25,000 42.3% 23,668
42.4%
41.7% 22,538 40.0%
36.7%
20,406 [ 20,755 ]
20,000
18,500
18,683
17,616
30.0%
28.9% 30.1% [31.8% ]
15,804 [ 16,075 ]
25.4%
14,580
15,000
22.9%
25.4% [23.1% ] 24.4% 12,629
23.1%
20.0%
10,000
10.0%
5,000
- 0.0%
1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21
----- End of picture text -----

CATCHER confidential

OP & OPM

- 2,000 4,000 6,000 8,000 10,000 12,000 14,000	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 3,384 5,380 3,338 2,803 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% 15.0% 22.7% 17.9% 22.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 OP (NT$ mn) OPM

CATCHER confidential

Consolidated Balance Sheet

(In NT$ mn)	1Q21	4Q20	1Q20
Total Assets	250,872 **100% **	255,903 **100% **	244,143 *100%*
Cash	20,657 8%	111,883 44%	117,895 48%
Current Asset	198,278 79%	201,877 79%	195,578 80%
Fixed Asset	21,187 8%	22,568 9%	38,783 16%

Total Liabilities	90,325 **36% **	97,832 **38% **	92,047 *38%*
Current Liab.	83,771 33%	91,463 36%	90,523 37%
Long-term Liab.	6,554 3%	6,369 2%	1,524 1%

Shareholders Equity	160,442 **64% **	157,975 **62% **	151,965 *62%*
Total Liab. & Equity	250,872 100%	255,903 100%	244,143 100%
BVPS	210.7	206.7	197.3

Weighted Average Shares (mn)	761.618	764.102	770.300

CATCHER confidential

Consolidated Cash Flow

(NT$ mn)	1Q21	1Q20 69,017 8,007 2,812 39,218 - 367 1,511 2,335 142 48,878 117,895 5,647 7,640
Beginning Balance	111,883
Cash from operating activities	- 569
Depreciation & Amortization	1,419
Cash from investing activities	- 89,822
Capital Expenditure	- 142
Cash from financing activities	- 428
Short-term & Long-term loans	- 317
FX Impact	- 406
Change in cash	- 91,226
Ending Balance	20,657

EBITDA	4,222
Free Cash Flow	- 711

CATCHER confidential

==> picture [166 x 174] intentionally omitted <==

A endix pp

Revenue Trend (2000 - 2020)

Revenue (NT$ bn)

120

==> picture [697 x 412] intentionally omitted <==

----- Start of picture text -----

100
93.30 [95.42 ]
91.63
82.41 82.51
79.11
80
60
55.28
43.25
40 35.91 [37.03 ]
21.85
18.09 [19.05 ]
20 16.99
15.14
9.59
1.19 1.01 [1.85 3.42 5.01 ]
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CATCHER confidential
----- End of picture text -----

EPS Trend (2000 - 2020)

==> picture [683 x 401] intentionally omitted <==

----- Start of picture text -----

40 Unit: NTD
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
9.25
10
7.25
6.66
6.34
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 2020
----- End of picture text -----

CATCHER confidential

==> picture [245 x 540] intentionally omitted <==

==> picture [76 x 102] intentionally omitted <==

Catcher Technology – Innovative Leader in Casing

Investor Relations Kristen Fang 方文妍 Elaine Liao 廖乙霖 +886-2-2701-5900 # 2811 +886-2-2701-5900 # 2812

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

CATCHER confidential

AI assistant

Catcher Technology Co., Ltd. Interim / Quarterly Report 2021

52109_rns_2021-09-14_97a8781e-6b3d-45fe-b345-1b003e1832a1.pdf