Far Eastone Telecommunications Co., Ltd. · TWSE:4904
Far Eastone Telecommunications — Q2 2024 Earnings Presentation
12 slides from Far Eastone Telecommunications's earnings presentation, Aug 8, 2024
Slide 1: 2024 2Q Investor Update
4904 (TWSE) 2024 2Q 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 2Q and 1H Financial Performance
FET 2024 2Q and 1H Financial Performance All KPIs exceeded guidance with merger synergy Item 2024 2023 Ach. 2024 2023 Ach. FY2024 Unit: NT$bn, YoY% Rate% YoY % Rate % Guidance except for EPS 2Q 2Q 1H 1H Total Revenue 24.97 21.70 +15.1% 101% 50.72 44.00 +15.3% 102% 104.92 EBITDA 8.94 7.91 +13.0% 104%
Slide 4: FET 2024 2Q Financial Highlight
FET 2024 2Q Financial Highlight Total Revenue EBITDA NetEPS Income NT$bn NT$bn NT$bn 13.0% 12.3% 15.1% YoY YoY YoY Record high 3.11 26.47 25.75 24.97 8.89 8.94 EPS $0.86 22.31 21.70 23.22 2.92 8.15 2.83 2.84 7.94 7.91 8.08 2.75 2.77 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 1Q23 2Q
Slide 5: FET 2024 2Q Financial Metrics
FET 2024 2Q Financial Metrics Net Debt and Net Debt-to-EBITDA remain healthy Free cash flow continues to be strong Capex in line with 2024 guidance, $8.1bn Item As of As of As of Unit: NT$bn, unless otherwise stated 2Q 2023 4Q 2023 2Q 2024 Net Debt 43.74 55.88 45.23 Net Debt to EBITDA(x)(1) 1.39x 1.
Slide 6: Telecom Core – Growth Driven by 5G and Merger
Telecom Core – Growth Driven by 5G and Merger Mobile Postpaid ARPU Postpaid 5G Penetration $/month 707 (%) FET #1 704 699 700 32% 37% 40.5% 693 694 22% FET maintains the 6% lead post merger 1H24 2024 Jan Feb Mar Apr May Jun 2020 2021 2022 2023 2024 Merger Mobile Service Revenue Synergies Fixed Servi
Slide 7: New Economy – Revenue Increased with Bigger Margin
New Economy – Revenue Increased with Bigger Margin New Economy business continued to 2024 1H Growth Highlights grow @10% YoY on revenue, and the margin ($) also increased by 22%. Microsoft LSP business is on track, revenue grew 155% YoY, and contract value up 311% YoY Smart ICT & Digital video Subsi
Slide 8: 2024 2Q Enterprise Business Highlight
2024 2Q Enterprise Business Highlight FET Enterprise Business’ new business focus on 4 areas, serving both public sectors and enterprises, recent major wins included: Sustainable Smart City Smart Healthcare ✓ Charging Stations and management ✓ 5G ambulance reaches 12 counties system for public parki
Slide 9: 2024 2Q Consumer Digital Service Highlight
2024 2Q Consumer Digital Service Highlight Entertainment: friDay Video Fraud Prevention: Guardian Network #1 local OTT platform, friDay FET’s AI-enpowered Guardian video’s total paid memberships Network service on the average growing by 20% YoY in 1H. blocks 100K scam calls, 200K The original movie
Slide 10: 2024 2-3Q Major Honors and Recognitions
2024 2-3Q Major Honors and Recognitions Environmental Sustainability ✓ Taiwan ESG Index inclusion for 7 years in a row ✓ FET Cloud Computing Center - TPKC was certified for ISO 46001 Water Efficiency Corporate Governance ✓ Institutional Investor – 2024 Asia Executive Team: Ranked #1 for all 6 awards
Slide 11: FET 2024 2H Priorities
FET 2024 2H Priorities Continue to grow telecom services revenue with expanded customer base for both Mobile and Fixed. Grow New Economy Business : 1) Smart ICT solutions with expanded enterprise customer base; 2) Accelerate developing and investing in FET digital services Invest for the Future: A
Slide 12: Q & A
Q&A For further Information, websites email http://corporate.fetnet.net Investor Relations http://www.fetnet.net IR@fareastone.com.tw
Far EasTone Telecommunications — Q2 2024 Earnings Presentation on 6ix