Far Eastone Telecommunications Co., Ltd. · TWSE:4904
Far Eastone Telecommunications — Q3 2024 Earnings Presentation
13 slides from Far Eastone Telecommunications's earnings presentation, Nov 7, 2024
Slide 1: 2024 3Q Investor Update
4904 (TWSE) 2024 3Q 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 3Q and YTD Financial Performance
FET 2024 3Q and YTD Financial Performance 3Q Revenue slightly fell short of guidance for less handset sales to maintain margins EBITDA and EPS exceeded guidance with merger synergy Projected “~3bn EBITDA merger synergy in a year” delivered in 9 month Item 2024 2023 Ach. 2024 2023 Ach. FY2024 Unit: N
Slide 4: FET 2024 3Q Financial Highlight
FET 2024 3Q Financial Highlight Total Revenue EBITDA Net Income 3Q Revenue grew 6.5% YoY, 3Q EBITDA $9.10bn, a new 3Q net income $3.16bn with driven by 1) merger synergy, 2) record high in FET history. EPS of $0.88, achieving 109% more 5G plan upgrades driven by 12.7% YoY EBITDA growth was of 3Q gui
Slide 5: FET 2024 3Q Financial Metrics
FET 2024 3Q Financial Metrics Net Debt and Net Debt-to-EBITDA both sound and healthy Free cash flow remains strong Capex expected to be slightly lower than the guidance of $8.1bn Item As of As of As of Unit: NT$bn, unless otherwise stated 3Q 2023 4Q 2023 3Q 2024 Net Debt 49.11 55.88 50.26 Net Debt t
Slide 6: Telecom Core – Growth Driven by 5G and Merger Synergies
Telecom Core – Growth Driven by 5G and Merger Synergies Mobile Service Revenue Postpaid 5G Penetration NT$bn % FET #1 ▲18.0% 51.9 YoY 37% 42% 47.7 48.4 49.8 38.4 45.3 32% 22% 6% 1-3Q 1-3Q 3Q 2020 2021 2022 2023 2020 2021 2022 2023 2023 2024 2024 Mobile Postpaid ARPU(1) Postpaid Churn Rate NT$/month
Slide 7: New Economy – Revenue Growth and Margin Expansion
New Economy – Revenue Growth and Margin Expansion FET continues to grow its Consumer 2024 1-3Q New Economy Contributors Digital services and optimize its Smart Revenue from Consumer Digital (44%) ICT portfolio and Solutions efficiency for better margin($), which rose 18% Handset Fraud Insurance Prev
Slide 8: About (6997.tw)
About (6997.tw) ⚫ Main Business ⚫ Founded in 2006 ⚫ Market Position ✓ Top-tier multi-cloud service ⚫ Acquired by FET in 2019 ✓ #1 AWS (Amazon Web Service) AWS Partner of The Year and managed service ⚫ Listed on Emerging Stock ✓ #2 GCP (Google Cloud Platform) provider, offering multi-cloud Market in
Slide 9: 2024 3Q Enterprise ICT Business Highlights
2024 3Q Enterprise ICT Business Highlights Strong ICT demand from public sector and enterprises drove robust Enterprise ICT revenue, reaching record high in 1-3Q 2024; total Smart ICT contract value continues to grow with double-digit YoY. Major contributors included: MSFT LSP Business: Jan-Sep cont
Slide 10: 2024 3Q Consumer Service Highlight
2024 3Q Consumer Service Highlight New iPhone launch boosts 5G upgrades: ◼ iPhone 16 bundled sales slightly surpassed iPhone 15 in the 1st month, but standalone handset sales were low due to limited supply; ◼ Close to 90% signed up for rate plan at NTD$999 or higher FET’s friDay Video – holds #1 loc
Slide 11: 2024 3-4Q Major Honors and Recognitions
2024 3-4Q Major Honors and Recognitions Environmental Sustainability ✓ 2024 TIBA (Taiwan Intelligent Building Association) AWARD for Taiwan’s Excellent Smart Green Building and System Products – Platinum Award for Kaohsiung Port and Cruise Service Center Smart Operation Management Platform ✓ 2024 Ta
Slide 12: FET 2024 4Q Focus and Onwards
FET 2024 4Q Focus and Onwards Deliver Smart ICT Projects on time on budget Cloud HIS readiness for 1Q Soft Launch Finish the year STRONG! 11
Slide 13: 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 — Q3 2024 Earnings Presentation on 6ix