Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q2 2026 Earnings Presentation
22 slides from Taiwan Mobile's earnings presentation, Aug 14, 2026
Slide 1: Taiwan Mobile Co., Ltd. 2Q26 Results Summary
Taiwan Mobile Co., Ltd. 2Q26 Results Summary Aug 14, 2026
Slide 2: Disclaimer
2 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. (or hereafter the “Company”) undertakes no obligation to update
Slide 3: Business Overview
Business Overview
Slide 4: 2Q26 Highlights
4 2Q26 Highlights Accelerating Momentum Across Our 3-Tier Flywheel Telco+Tech Telco+Tech Businesses +4% YoY New Telco+Tech Businesses (ex-momo) +18% YoY Telco+ Enterprise Business +19% YoY Telco Core Mobile Service Revenue (non-bundle) +3% YoY Two-Decade Highs EPS Consolidated EBIT Net Income 1.38 1
Slide 5: Telco Core: Sustainable Growth Foundation
5 Growth Engine #1 Telco Core: Sustainable Growth Foundation Telco Core Smartphone ARPU Postpaid Churn Rate 5G Penetration of Smartphone User Base +3% 100% 687 687 689 678 YoY 670 Record low 50% 0.59% 0.50% 42% 45% 0% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Monthly Fee Uplift Mob
Slide 6: Telco+: Revenue Up 19% YoY in 2Q26
6 Growth Engine #2 Telco+: Revenue Up 19% YoY in 2Q26 Telco+ Data Center (incl. AIDC) AICT for Enterprise Cybersecurity Services +89% +575% +15% Rev. YoY Rev. YoY Rev. YoY IoT OPBiz TAmedia Business SMS + Mobile Ads +13% +43% +10% Rev. YoY Subscribers YoY Rev. YoY
Slide 7: Telco+Tech: Revenues Up 4% YoY (Up 18% YoY ex-momo)
7 Growth Engine #3 Telco+Tech Telco+Tech: Revenues Up 4% YoY (Up 18% YoY ex-momo) DCB (Direct Carrier Billing) EC Services for Brands OTT & Content +4% +101% +31% Rev. YoY Rev. YoY Rev. YoY
Slide 8: momo: Returning to Growth
8 momo: Returning to Growth Revenues Profitability EC GMV (NT$mn) +4% (1P+3P) YoY 15.0% 26,031 26,593 27,093 +2% 15.0% 13.6% 13.7% Take Rate 14.0% QoQ +7% 13.0% 10.0% EBITDA 4.3% 4.2% 12.0% YoY Margin 11.0% 5.0% 2Q26 10.0% 0.0% 2Q25 1Q26 2Q26 2Q25 2Q26 -5.0% Emerging Growth Drivers Operating Cash Fl
Slide 9: Financial Overview
Financial Overview
Slide 10: Performance by Business
10 Performance by Business Revenue EBIT NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 2Q26 21.85 1.71 27.09 49.43 4.71 0.58 0.79 6.12 % of 44% 3% 55% 100% 77% 10% 13% 100% total 2Q26 4% 14% 4% 4% 25% -3% 3% 18% YoY 1Q26 6% 16% 1% 3% 20% 1% 0% 15% YoY 1. The sum of each account of telecom,
Slide 11: Cost Discipline Accelerates Profit Growth
11 Cost Discipline Accelerates Profit Growth 2Q26 Telecom Revenue +4% YoY Telecom EBIT +25% YoY EBIT Mix of 3-tier Flywheel Telecom EBIT Growth Drivers (2Q26) (2Q26) Revenue CATV Mobile Growth Telco+ 31% & Others SAC/SRC Telco Core Savings 53% (incl. CATV) New Telco+Tech 16% Telecom D&A Savings
Slide 12: Results Summary
12 Results Summary 2Q26 1H26 NT$bn Amount QoQ YoY Amount YoY Revenues 49.43 -1% 4% 99.21 4% Cash Cost & Expense (37.94) -1% 3% (76.36) 3% Operating Income 6.12 3% 18% 12.05 17% Non-op. Income (Exp.) (0.07) -73% -89% (0.33) -61% Pre-tax Income 6.05 7% 33% 11.72 24% Net Income 4.54 9% 38% 8.69 25% EPS
Slide 13: Balance Sheet Analysis
13 Balance Sheet Analysis NT$bn 2Q26 1Q26 2Q25 NT$bn 2Q26 1Q26 2Q25 Total Assets 237.39 236.42 236.68 Liabilities 145.33 136.57 150.11 Current Assets 45.46 41.81 43.49 Current Liabilities 86.52 76.46 70.97 - Cash & Cash Equivalents 12.12 10.06 12.22 - ST Debts 31.00 38.60 18.59 - Receivable & Contra
Slide 14: Cash Flow Analysis
14 Cash Flow Analysis NT$bn 2Q26 1Q26 2Q25 Operating 10.45 10.74 8.77 Investing (1.72) (5.63) (2.41) Financing (6.68) (3.61) (5.70) NT$bn 2Q26 1Q26 2Q25 Pre-IFRS 16 Operating1 9.27 9.52 7.66 Cash CAPEX (1.82) (2.47) (2.37) Free Cash Flow 7.45 7.05 5.29 1. “Lease expenses” previously under operating
Slide 15: Event Updates
Event Updates
Slide 16: 2026 Guidance Update (Excludes Systex Tender Offer)
16 2026 Guidance Update (Excludes Systex Tender Offer) Previous Updated Consolidated revenue up 5~7% YoY Unchanged Telecom-related revenues up 5~7% YoY Unchanged Consolidated operating profit up 1~2% YoY up 7~9% YoY Telecom operating profit up 4~6% YoY up 13~15% YoY *Please refer to material informa
Slide 17: Awards and ESG Recognitions
17 Awards and ESG Recognitions 4 & 5 Consecutive Years in Overall Asia & Rest of Asia Rest of Asia #1 in Telecom Sector 202 Most Honored Company Overall The only Taiwan Telecom Asia Top rankings across 6 categories: Company Ranked Best CEO / Best CFO Best IR Program / Best IR Team Best ESG / Best Co
Slide 18: Key Message
18 Key Message Key Growth Drivers • Sustained momentum in mature core telecom and momo businesses. • Rapid expansion in Telco+ and New Telco+Tech businesses. Already Capturing Alpha in Agentic Era • Industry-leading AI-driven structural cost reduction & productization. • Fast-growing Enterprise AIDC
Slide 19: Proposed Tender Offer for Systex (6214.TW)
19 Subsequent Event: Proposed Tender Offer for Systex (6214.TW) Deal Terms • Acquisition Stake: 39%~58% equity interest at NT$184.5 per share via tender offer • Payment Structure: 50% in cash and 50% in TWM shares held by TCC , a 100%-owned subsidiary of TWM • Total Consideration: Cash: NT$9.8bn~14.
Slide 20: Synergies
20 Synergies Upon completion of this tender offer, we expect to realize the following synergies Cross-Selling AI Regionalization Drive cross-selling across the full Integrate applications and compute Leverage overlapping footprints to product portfolio to accelerate across both companies to accelera
Slide 21: Pro Forma Net Income Contribution
21 Pro Forma Net Income Contribution 1H26 Results 1H26 Net Income Contribution to TWM Current Ownership Stake Net Income Contribution Unit: NT$mn Systex YoY TWM YoY 11.86% NT$197mn Estimated Ownership Scenarios Revenue 27,368 +37% 99,211 +4% Assumed Ownership Stake 1H26 Pro Forma Net Income Contribu
Slide 22: SIBASK
SIBASK Taiwan Mobile