Catcher Technology : 2022 Q4 Results Material

Catcher Technology

2022 Q4 Earnings Results

2023/02

CATCHER confidential

Disclaimer

• This presentation contain "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-lookingstatements 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

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4Q22 Financial Summary

• Total revenue reached NT$ 6.646bn; -23.4%q-q due to weak demand, off-peak season, and ODMs' stricter inventory control which slowed down shipment, -18.9%y-y due to global economic slowdown.
• Gross profit was NT$ 2.267bn, -23.5%q-q/-16.4%y-y. Gross margin was 34.1%, flat q-q/+1.0ppy-y; the y-y increase was attributable to product mix adjustment and better cost control.
• OP margin was 20.4%, -1.6ppq-q/+1.4ppy-y.
• FX losses reached NT$ 2.786bn in 4Q22 as a result of strengthening NTD.
• Dragged by revenue declines and FX losses, NPBT reached NT$ 291mn, -96.7%q-q/-93.4%y-y. NPAT reached NT$ 286mn, -94.3%q-q/-91.5%y-y.
• Basic EPS was NT$ 0.40 in 4Q22 vs. NT$ 7.06 in 3Q22/NT$ 4.48 in 4Q21.
• CAPEX was NT$ 88mn in 4Q22 vs. NT$ 133mn in 3Q22/NT$ 43mn in 4Q21.
• D&A was NT$ 774mn in 4Q22 vs. NT$ 838mn in 3Q22/NT$ 1.024bn in 4Q21.
• EBITDA was NT$ 2.131bn in 4Q22 vs. NT$ 2.75bn in 3Q22/NT$ 2.578bn in 4Q21.

(EBITDA = Operating Profit + Depreciation + Amortization)

CATCHER confidential

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2022 Financial Summary

• Total revenue reached NT$ 27.821bn, -32.3%y-y due to geopolitical turmoil, supply chain disruptions, global economic slowdown and weak demand.
• Gross profit was NT$ 8.867bn, -34.7%y-y. Gross margin was 31.9%, -1.1ppy-y, due to a smaller revenue scale despite product mix adjustment and lower depreciation expenses.
• Operating profit was NT$ 4.969bn, -43.3%y-y. OP margin was 17.9%, -3.4ppy-y due to lower gross margin.
• NPBT was NT$ 16.543bn, +37.1% y-y; NPBT margin was 59.5%, +30.1pp y-y.
• NPAT was NT$ 10.902bn, +27.1% y-y; NPAT margin was 39.2%, +18.3pp y-y.
• Basic EPS was NT$ 15.14 in 2022 vs. NT$ 11.31 in 2021.
• CAPEX was NT$ 469mn in 2022 vs. NT$ 982mn in 2021.
• D&A was NT$ 3.45bn in 2022 vs. NT$ 4.919bn in 2021.
• EBITDA was NT$ 8.419bn in 2022 vs. NT$ 13.679bn in 2021.

(EBITDA = Operating Profit + Depreciation + Amortization)

CATCHER confidential

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4Q22 vs. 3Q22 Profit & Loss

		4Q22				3Q22
(In NTD mn)		Amount	%			Amount	%			qoq
Revenue		6,646	100.0%			8,675	100.0%			-23.4%
Gross Profit		2,267	34.1%			2,962	34.1%			-23.5%
Opt. Expense		910	13.7%			1,050	12.1%			-13.4%
Opt. Profit		1,357	20.4%			1,911	22.0%			-29.0%
Non-Opt. Income		(1,066)	-16.0%			6,812	78.5%			-115.7%
Net Profit Before Tax		291	4.4%			8,724	100.6%			-96.7%
Net Profit After Tax
	286	4.3%			5,046	58.2%			-94.3%
(attr. to parent company)
Basic EPS (NTD)	$	0.40		$	7.06		-$	6.66
EBITDA		2,131	32.1%			2,750	31.7%			-22.5%

• FX losses reached NT$ 2,786mn in 4Q22

CATCHER confidential

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