Slide 1: 1Q17 Results Summary
Taiwan Mobile Co., Ltd. 1Q17 Results Summary May 4, 2017 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation, including all forward- looking information, is subject to change without notice, whether as a result of new information, future events or otherwise, and Taiwan Mobile Co., Ltd. (the “Company”) undertakes no obligation to update or revise the
Slide 3: Business Overview
Business Overview 3
Slide 4: Outperformance in Telecom Business
Outperformance in Telecom Business Key Operating Metrics 1Q17 YoY Change Total Mobile Subscribers Mobile Service Revenue1 Telecom EBIT EPS 1. Based on Residual Value Method, i.e. excluding revenue adjustments under the current bundle sales accounting policy 4
Slide 5: Competition in CATV Tapering Off
Competition in CATV Tapering Off Only 27% TV Subs in an Area with Competition 159,140 27% 422,203 (Unit: NT$bn) 73% 1Q17 QoQ CATV Total Revenue 1.61 0% EBITDA 0.86 2% EBITDA Margin 53.5% +1.5ppts 5
Slide 6: E-commerce – the Bright Spot
E-commerce – the Bright Spot (Unit: NT$bn) momo 1Q17 QoQ YoY Total Revenue 7.58 -1% 8% - E-commerce 5.90 1% 18% - TV Home Shopping & Others 1.68 -7% -16% EBITDA 0.34 0% -14% EBITDA Margin 4.5% +0.0ppts -1.2ppts Equity Investment Income 0.038 73% 52% 6
Slide 7: Financial Overview
Financial Overview 7
Slide 8: Results Summary
Results Summary 1Q17 NT$mn % of 1Q17 Amount YoY QoQ Forecast Revenue 28,841 -1% -6% 97% Cost (19,636) 0% -8% 97% Operating expense (4,131) -8% -10% 91% Operating income 5,074 1% 8% 107% Net non-oper. items (171) -27% -50% 117% Income before tax 4,903 3% 13% 107% Net income 3,961 5% 15% 109% EPS (NT$
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total Telecom CATV momo Total 1Q17 19.61 1.61 7.58 28.84 7.14 0.86 0.34 8.44 % of 68% 6% 26% 100% 85% 10% 4% 100% total 1Q17 -4% -2% 8% -1% 1% -4% -14% 0% YoY 4Q16 -3% -3% 11% 0% 5% -6% 21% 5% YoY Note: The sum of each account of telecom
Slide 10: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 1Q17 4Q16 1Q16 1Q17 4Q16 1Q16 Total Assets 148.73 151.38 153.75 Liabilities 78.25 85.19 84.09 Current Assets 32.58 34.28 32.98 Current Liabilities 31.42 38.14 49.84 - Cash & Cash Equivalents 7.93 7.70 8.70 - ST Debts 8.26 13.62 25.53 - Accounts Receivable 14.77 15.42 15.
Slide 11: Cash Flow Analysis
Cash Flow Analysis NT$bn 1Q17 4Q16 1Q16 Operating Cash Flow 7.49 7.94 10.03 Investing Cash Flow (1.70) (2.36) (2.91) Financing Cash Flow (5.56) (4.44) (7.00) NT$bn 1Q17 4Q16 1Q16 Cash CAPEX (2.66) (2.26) (2.75) Free Cash Flow 4.83 5.68 7.29 11
Slide 12: Event Updates
Event Updates 12
Slide 13: Event Updates
Event Updates 2016 Earnings Distribution TWM’s board meeting today (May 4, 2017) approved a proposal to distribute NT$15.2bn in cash dividends, translating into a 99.5% payout to shareholders. Dividend per share is NT$5.6 on 2.72bn shares, excluding treasury shares held by 100%-owned subsidiaries. A
Slide 14: Key Message
Key Message Maintaining stable profits remains a key area of focus for Taiwan Mobile. Differentiated offerings to mitigate the longer-than-expected industry rationalization have helped us to increase the take-up of higher-end rate plans and lower customer acquisition costs. Looking ahead, we don’t e
Slide 15: Q&A
Q&A 15