Far Eastone Telecommunications Co., Ltd. · TWSE:4904
Far Eastone Telecommunications — Q1 2024 Earnings Presentation
12 slides from Far Eastone Telecommunications's earnings presentation, May 3, 2024
Slide 1: 2024 1Q Investor Update
4904 (TWSE) 2024 1Q Investor Update Chee Ching, President Sharon Lin, CFO & Gary Lai, IR Far EasTone Telecom
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from those expressed or implied by these forward-looking statements. Beca
Slide 3: FET 2024 1Q Financial Performance
FET 2024 1Q Financial Performance All KPIs exceeded guidance with merger synergy Item 1Q 2024 Achieve- 1Q 2024 1Q 2023 YoY% Unit: NT$bn, except for EPS Forecast ment% Total Revenue 25.75 22.31 +15.4% 25.30 102% EBITDA 8.89 7.95 +11.9% 8.77 101% Net Income 2.92 2.75 +6.1% 2.54 115% EPS (NT$) $0.81(1)
Slide 4: 2024 1Q Financial Highlight
2024 1Q Financial Highlight Total Revenue EBITDA Net Income NT$bn NT$bn NT$bn 11.9% 6.1% 15.4% YoY YoY YoY 8.89 2.92 26.47 25.75 Record high 22.31 21.70 23.22 8.15 2.83 2.84 EPS $0.81 7.94 8.08 7.91 2.77 2.75 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 1Q Revenue grew
Slide 5: 2024 1Q Financial Metrics
2024 1Q Financial Metrics Net Debt and Net Debt-to-EBITDA remain healthy Free cash flow continues to be strong Capex in line with 2024 guidance, $8.1bn Item As of As of Unit: NT$bn, unless otherwise stated 1Q 2023 1Q 2024 Net Debt 47.99 50.07 Net Debt to EBITDA(x)(1) 1.54x 1.52x Free Cash Flow(1) –
Slide 6: Mobile Core – Growth Driven by 5G with Merger Kick-in
Mobile Core – Growth Driven by 5G with Merger Kick-in Mobile Service Revenue ▲18.3% Total Customer #s ▲26.6% YoY ‘000 YoY NT$bn 9,075 9,079 14.99 7,172 7,183 7,217 13.45 12.67 12.79 12.94 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 Mobile Postpaid ARPU(1) Achieved Postpaid 5G Penetration 40+%
Slide 7: New Economy – Continuous Growth and Margin Expanded
New Economy – Continuous Growth and Margin Expanded Revenue & Margin Growth Highlights In 1Q 2024, New Economy business revenue showed steady growth, with 12% YoY increase. The margin ($) also rose, with a YoY growth rate of 21% YoY. Digital video ICT business Rev15%YoY New Economy Revenue and Marg
Slide 8: 2024 Q1 Consumer Business Highlight
2024 Q1 Consumer Business Highlight Consumer digital services continue to expand and enhance digital offerings FET friDay video maintained its #1 local OTT platform position, experiencing growth in paid memberships and revenue. Continuously producing high- quality original content, it successfully p
Slide 9: 2024 1Q Enterprise Business Highlight
2024 1Q Enterprise Business Highlight FET’ Smart ICT solutions empowered digital transformation for public sectors and enterprises, and secured major wins across 4 major areas: Sustainable Smart City Smart Healthcare ✓ Air Quality Sensor Maintenance ✓ Telemedicine Project and Operation Project - 5G
Slide 10: 2024 YTD Major Honors and Recognitions
2024 YTD Major Honors and Recognitions Taiwan Stock Exchange – Ranked in the Top 5% of listed companies for Corporate Governance Evaluation for 10 years in a row. Finance Asia – Received awards for Best CEO and Best Mid-Cap Company in Asia‘s Best Companies poll 2024. 2024 Smart City Innovation Appli
Slide 11: FET 2024 2Q & Onwards Priorities
FET 2024 2Q & Onwards Priorities Continue to: Finish RAN network migration and 3G sunset to fully realize cost saving Grow telecom services revenue with expanded customer base for both Mobile and Fixed. Expand New Economy Business Growth with Smart ICT solutions and expanded enterprise custome
Slide 12: Q&A For Further Information
Q&A For Further Information, Websites email http://corporate.fetnet.net Investor Relations http://www.fetnet.net IR@fareastone.com.tw
Far EasTone Telecommunications — Q1 2024 Earnings Presentation on 6ix