Chunghwa Telecom Co., Ltd · TWSE:2412

Chunghwa Telecom — Q1 2021 Earnings Presentation

16 slides from Chunghwa Telecom's earnings presentation, May 4, 2021

  1. Slide 1: 1Q 2021 Operating Results

    1Q 2021 Operating Results May 4, 2021 1 © Chunghwa Telecom

  2. Slide 2: Disclaimer

    Disclaimer STATEMENT REGARDING UNAUDITED FINANCIAL INFORMATION The unaudited financial information under T-IFRSs in this presentation is preliminary and subject to adjustments and modifications. Adjustments and modifications to the financial statements may be identified during the course of the audi

  3. Slide 3: Business Overview

    Business Overview 3 © Chunghwa Telecom

  4. Slide 4: Mobile and broadband customer growth

    Mobile Increased adoption of higher price plans Always Broadband Connected Fixed Home Wi-Fi Broadband (Mesh) 300Mbps ↑ Customers Home Wi-Fi Devices YoY 58% YoY 352% 4 © Chunghwa Telecom

  5. Slide 5: #1 Mobile Services Provider

    #1 Mobile Services Provider #1 Mobile Revenue (a)(b)(c) #1 Mobile Subscribers (c) Other, 15.8% CHT CHT, 39.0% FET, 35.9% Other 24.1% TWM, Source: Company data, MOTC and NCC statistics Note : 24.2% a) Market share as of February 2021 b) Revenues are based on T-IFRSs c) Excluding IoT SIMs Better Perfo

  6. Slide 6: Fixed Broadband Service

    Fixed Broadband Service Broadband Revenue Fixed Broadband Subs ARPU( NT$) Fiber ≥ 300M 715 722 725 733 734 8,000 700 YoY 58 % 7,000 600 4,388 4,375 4,365 4,348 4,339 6,000 5,305 5,356 5,370 5,416 5,456 7% 500 8% 9% 10% 11% 5,000 30% 30% 30% 30% 30% 400 4,000 4,499 4,530 4,528 4,578 4,559 300 3,000 2

  7. Slide 7: MOD/ IPTV Service

    MOD/ IPTV Service Packaging SVODs ALL PASS to enhance SVOD revenue 2,500 300 4,000 1000 900 243.2 245.9 238.3 231.5 240.2 3,500 912 915 906 904 911 800 2,000 250 3,000 700 200 2,500 2,086 2,085 2,080 2,069 2,065 600 1,500 2,000 500 42 150 400 1,000 1,500 100 300 1,000 1,328 1,264 1,303 1,300 1,225 2

  8. Slide 8: ICT Business

    ICT Business YoY 14% YoY 20% 雲端 cloud services YoY 16% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 YoY 31% Cyber Security 8 © Chunghwa Telecom

  9. Slide 9: Financials Overview

    Financials Overview 9 © Chunghwa Telecom

  10. Slide 10: Financials: Income Statement Highlights

    Financials: Income Statement Highlights Consolidated Growth Growth (NT$bn) Q1 2021 Q1 2020 % 2020 2019 % Revenues 50.10 48.15 4.1 207.61 207.52 0.0 Operating Costs and 38.99 37.62 3.7 166.84 166.75 0.1 Expenses Income from 11.11 10.53 5.5 42.36 40.65 4.2 Operations Net Income2 8.82 8.28 6.4 33.41 32

  11. Slide 11: Financials: Business Segment Revenues

    Financials: Business Segment Revenues (NT$bn) Q1 2021 Q1 2020 Growth 2020 2019 Growth Domestic Fixed 15.40 14.69 4.8 69.47 65.59 5.9 Local 5.88 6.11 (3.8) 24.46 25.56 (4.3) DLD 0.46 0.50 (7.8) 2.02 2.20 (8.2) Broadband Access 4.56 4.50 1.3 18.14 17.98 0.9 MOD 0.91 0.91 (0.1) 3.64 3.60 0.9 ICT and Ot

  12. Slide 12: Financials: Costs & Expenses

    Financials: Costs & Expenses Consolidated Growth Growth (NT$bn) Q1 2021 Q1 2020 % 2020 2019 % Operating Costs 31.89 30.39 4.9 137.03 135.95 0.8 Operating Expenses 7.10 7.23 (1.7) 29.81 30.80 (3.2) Marketing 4.93 5.08 (3.0) 20.96 22.10 (5.1) General and Administrative 1.30 1.21 7.4 5.00 4.76 5.2 R&D

  13. Slide 13: Financials: Cash Flow

    Financials: Cash Flow Consolidated Growth Growth (NT$bn) Q1 2021 Q1 2020 % 2020 2019 % Net Cash Flow from 9.88 13.32 (25.8) 74.46 72.43 2.8 Operating Activities CapEx 4.44 3.73 19.1 23.31 24.17 (3.5) Free Cash Flow 5.44 9.59 (43.3) 51.15 48.26 6.0 Cash and Cash Equivalents at the end of period 30.06

  14. Slide 14: Operating Results vs. Forecast

    Operating Results vs. Forecast Consolidated Q1 2021 Q1 2021 Achieving 2021 Achieving (NT$bn) (A) （E） % (E) % Revenues 50.10 50.76~50.81 98.6~98.7 209.26~209.72 23.9~23.9 Operating Costs and 38.99 40.30~40.34 96.7~96.8 167.58~167.66 23.3~23.3 Expenses Income from 11.11 10.12~10.20 108.9~109.8 41.72~4

  15. Slide 15: Capex as % of Revenue

    Effective and Efficient Capital Expenditure Capital Expenditure NT$ Budgeted capex for 2021: NT$43.1 bn bn 20.6% 50 20% Continue to focus on core businesses 45 13.2% 43.1 for future investments 11.6% 11.3% 1.7 8.9% – 5G 2.2 7.7% 10% – FTTx 40 35 8.8 – IDC/ Cloud 28.6 0% – Submarine cable Capex as %

  16. Slide 16: Q&A

    me DHeE CChunghwaTelecom Q&A Chunghwa Telecom

Chunghwa Telecom — Q1 2021 Earnings Presentation on 6ix