Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q1 2013 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Apr 30, 2013
Slide 1: Taiwan Mobile Co., Ltd. 1Q13 Results Summary
Taiwan Mobile Co., Ltd. 1Q13 Results Summary April 30, 2013 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: Steady Wireless Data Growth
Steady Wireless Data Growth Mobile Service Revenue Revenue YoY Change Unit: NT$mn Unit: NT$mn * Based on IFRS – Residual Value Method, i.e. excluding revenue adjustments under the current accounting policy. 4
Slide 5: Our Smartphone Strategy
Our Smartphone Strategy Smartphone as % of total Current exclusive models handsets sold Samsung BB BB Z10 Sony ion Grand Duos Bold 9790 Mobile data adoption rate Sony Xperia P Samsung Samsung Nokia HTC Galaxy Galaxy Lumia 720 One SV Ace II Ace TWM TWM Samsung Mini Nokia Sony Sola Amazing Amazing Lum
Slide 6: CATV Growth Catalysts
CATV Growth Catalysts Basic TV Digital TV Sub no. Cable Internet 1Q13 ARPU Subscription Subscription YoY growth 173K subs 86K subs 581K subs Analogue TV 1% $494 Cable 9% $546 internet Penetration rates DTV 60% $141 Blended $776 +2% YoY ARPU * * Calculation based on total cable TV revenue excluding c
Slide 7: New Products & Services
New Products & Services myPlay1 TWM acquired exclusive agency rights to the popular 3D mobile SLG (Simulation Game), “Red Cliff in the era of Three Kingdoms” (赤壁 三國), for the areas of Taiwan, Macau and Hong Kong and launched an Android version on its mobile game platform, myPlay1, through Google Pla
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Results Summary
Results Summary % of % of NT$mn 1Q13 YoY 1Q13 Full-year Guidance Guidance Revenue 26,557 7% 99% 24% Telecom revenue* – Fair Value 14,542 -1% 99% 24% Telecom revenue* – Residual Value 16,151 2% 98% 23% Cost (16,874) 10% 95% 23% Operating expenses (4,695) 11% 103% 25% Operating income 4,987 -4% 111% 2
Slide 10: Divisional Performance
Divisional Performance Revenue EBITDA NT$bn momo momo CBG EBG HBG & Total CBG EBG HBG & Total Others Others 1Q13 17.36 2.59 1.54 5.07 26.56 5.53 0.91 0.82 0.20 7.46 % of 65% 10% 6% 19% 100% 74% 12% 11% 3% 100% total QoQ 1% -3% 0% 2% 1% -2% -7% 1% -9% -3% YoY 5% -1% 2% 21% 7% -3% 21% 2% -34% -2% 10
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis 1Q13 4Q12 1Q12 1Q13 4Q12 1Q12 NT$bn IFRS IFRS IFRS IFRS IFRS IFRS Total Assets 104.42 100.41 96.42 Liabilities 42.76 42.77 36.81 Current Assets 26.21 24.87 20.60 Current Liabilities 29.67 29.95 29.44 - Cash & Cash Equivalents 7.11 7.22 5.62 - ST Debts 7.42 7.16 9.61 - Accounts
Slide 12: Cash Flow Analysis
Cash Flow Analysis 1Q13 4Q12 1Q12 NT$bn IFRS IFRS IFRS Operating Cash Flow 3.94 9.68 5.05 Investing Cash Flow (4.31) (2.71) (1.84) Financing Cash Flow 0.25 (5.49) (4.28) NT$bn 1Q13 4Q12 1Q12 Cash CAPEX (3.75) (2.35) (1.71) Free Cash Flow 0.19 7.33 3.34 12
Slide 13: Event Updates & Key Message
Event Updates & Key Message 13
Slide 14: Event Updates
Event Updates 2012 Earnings Distribution TWM’s board meeting today (April 30) approved a proposal to distribute NT$14.8bn of cash dividends and cash returns, comprised of 90% of 2012 earnings, NT$1.3bn of un-appropriated earnings and NT$269mn of legal reserve, translating into a 101% payout to share
Slide 15: Key Message
Key Message Our efforts in committing resources over a wider range of areas continues to pay off as reflected in the 2% YoY EBITDA growth of the telecom business, when compared to our peers on a like- for-like basis. We will continue our endeavors to strengthen our market position and are confident
Slide 16: Q&A
Q&A 16