Catcher Technology : 2023 Q1 Results Material

Catcher Technology

2023 Q1 Earnings Results

2023/05

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-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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1Q23 Financial Summary

• Revenue reached NT$ 3.542bn; -46.7%q-q due to weak demand and inventory adjustment which slowed down shipment, -51.0%y-y due to stagnant global economy.
• Gross margin was 22.9%; -11.2ppq-q and -6.7ppy-y due to a smaller revenue scale despite product mix adjustment and lower depreciation expense.
• OP margin was -0.4%;-20.8ppq-q and -15.5ppy-y on GM contraction.
• Strengthening NTD led to net FX losses of NT$ 849mn.
• NPBT reached NT$ 1.167bn; +301.3% q-q due to a low base, -61.7%y-y due to revenue decline and FX losses.
• NPAT reached NT$ 884mn; +208.7% q-q and -57.0%y-y.
• Basic EPS was NT$ 1.25 in 1Q23 vs. NT$ 0.40 in 4Q22/NT$ 2.81 in 1Q22.
• CAPEX was NT$ 73mn in 1Q23 vs. NT$ 88mn in 4Q22/NT$ 147mn in 1Q22.
• D&A was NT$ 746mn in 1Q23 vs. NT$ 774mn in 4Q22/NT$ 931mn in 1Q22.
• EBITDA was NT$ 730mn in 1Q23 vs. NT$ 2.131bn in 4Q22/NT$ 2.025bn in 1Q22.

* EBITDA = Operating Profit + Depreciation + Amortization

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1Q23 vs. 4Q22 Profit & Loss

(In NTD mn)

Revenue

Gross Profit

Opt. Expense

Opt. Profit

Non-Opt. Income

Net Profit Before Tax

Net Profit After Tax

(attr. to parent company) Basic EPS (NTD)

EBITDA

	1Q23				4Q22
	Amount	%			Amount	%			qoq
	3,542	100.0%			6,646	100.0%			-46.7%
	812	22.9%			2,267	34.1%			-64.2%
	828	23.4%			910	13.7%			-9.0%
	(16)	-0.4%			1,357	20.4%			-101.2%
	1,183	33.4%			(1,066)	-16.0%			N.M.
	1,167	33.0%			291	4.4%			301.3%
	884	25.0%			286	4.3%			208.7%
$	1.25		$	0.40		$	0.85
	730	20.6%			2,131	32.1%			-65.7%

• FX losses reached NT$ 849mn in 1Q23

CATCHER confidential

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1Q23 vs. 1Q22 Profit & Loss

(In NTD mn)

Revenue

Gross Profit

Opt. Expense

Opt. Profit

Non-Opt. Income

Net Profit Before Tax

Net Profit After Tax

(attr. to parent company) Basic EPS (NTD)

EBITDA

	1Q23				1Q22
	Amount	%			Amount	%			yoy
	3,542	100.0%			7,221	100.0%			-51.0%
	812	22.9%			2,139	29.6%			-62.0%
	828	23.4%			1,046	14.5%			-20.9%
	(16)	-0.4%			1,093	15.1%			-101.4%
	1,183	33.4%			1,951	27.0%			-39.4%
	1,167	33.0%			3,045	42.2%			-61.7%
	884	25.0%			2,057	28.5%			-57.0%
$	1.25		$	2.81		-$	1.56
	730	20.6%			2,025	28.0%			-63.9%

• FX losses reached NT$ 849mn in 1Q23

CATCHER confidential

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