Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2013 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Oct 31, 2013
Slide 1: Taiwan Mobile Co., Ltd. 3Q13 Results Summary
Taiwan Mobile Co., Ltd. 3Q13 Results Summary October 31, 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: Higher Mobile Revenue Growth
Higher Mobile Revenue Growth TWM Mobile Service Revenue Revenue YoY Change Peer Comparison Unit: NT$mn NT$mn CHT FET TWM 3Q13 19,590 15,581 16,299 3Q12 18,494 15,335 15,256 YoY 6% 2% 7% 3Q13 YoY CHT FET TWM Voice Revenue -7% -9% -4% VAS Revenue 37% 26% 32% * Based on IFRS – Residual Value Method, i.
Slide 5: Our Smartphone Strategy
Our Smartphone Strategy Smartphone as % of total Current exclusive models handsets sold Samsung BB HTC Sony Samsung Sony Huawei Z10 Desire 500 Xperia P Core Xperia ZR Ascend P6 Grand Duos Mobile data adoption rate LG Nokia Lumia 720 Sony Sola TWM Amazing Samsung HTC Nokia L4 II Ace II One SV Lumia 5
Slide 6: CATV Growth Catalysts
CATV Growth Catalysts Sub base 3Q13 ARPU YoY growth Analogue TV 1% $493 Cable internet 7% $541 DTV 62% $139 Blended ARPU * $785 +2% YoY * Calculation based on total cable TV revenue excluding content agency revenue 6
Slide 7: New Products & Services
New Products & Services mySports TWM has launched the mySports app and integrated website which allow users to track their fitness activities and share them and pictures taken along the way with their friends as well as recommend the most ideal route for the user’s fitness level. myVideo myVideo has
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Results Summary
Results Summary 3Q13 YTD NT$mn % of % of 2013 Amount YoY Amount Forecast Forecast Revenue 27,262 10% 97% 80,589 72% Telecom revenue1 15,230 2% 97% 44,784 73% Cost (17,322) 15% 96% (51,119) 71% Operating expenses (4,461) 4% 95% (13,689) 74% Operating income 5,479 4% 103% 15,781 78% Net non-oper. item
Slide 10: Divisional Performance
Divisional Performance Revenue EBITDA NT$bn CBG EBG HBG momo Total CBG EBG HBG momo Total 3Q13 17.73 2.74 1.57 5.30 27.26 5.99 1.00 0.82 0.17 7.98 % of 65% 10% 6% 19% 100% 75% 13% 10% 2% 100% total 3Q YoY 10% 3% 2% 19% 10% 2% 15% 1% 10% 3% 2Q YoY 10% 6% 2% 26% 12% 1% 15% 2% 29% 2% Note: The combined
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis 3Q13 2Q13 3Q12 3Q13 2Q13 3Q12 NT$bn IFRS IFRS IFRS IFRS IFRS IFRS Total Assets 109.35 111.86 97.55 Liabilities 54.49 61.40 43.90 Current Assets 28.86 32.85 21.03 Current Liabilities 35.41 42.36 36.26 - Cash & Cash Equivalents 7.79 11.28 4.71 - ST Debts 12.73 4.77 17.39 - Accou
Slide 12: Cash Flow Analysis
Cash Flow Analysis 3Q13 2Q13 3Q12 NT$bn IFRS IFRS IFRS Operating Cash Flow 5.93 7.38 5.00 Investing Cash Flow (2.57) (5.07) (2.70) Financing Cash Flow (6.86) 2.89 (2.35) 3Q13 2Q13 3Q12 NT$bn IFRS IFRS IFRS Cash CAPEX (2.67) (2.67) (2.46) Free Cash Flow 3.26 4.71 2.54 12
Slide 13: Event Updates & Key Message
Event Updates & Key Message 13
Slide 14: Event Updates
Event Updates Board Resolutions On October 31, the Board approved NT$29bn spending to acquire A4 and C1 blocks in the mobile broadband spectrum auction and an additional NT$0.66bn capital expenditure in 2013 to accelerate mobile data network deployment. The group’s capex budget would be raised to ar
Slide 15: Key Message
Key Message With an aim to better position the company and in accordance with our latest marketing and network deployment plans, TWM has resolved to increase expenditures, resulting in higher than forecasted expenses in 4Q. That said, we are confident in achieving our annual EPS target. Having won 2
Slide 16: Q&A
Q&A 16