Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2022 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Nov 10, 2022
Slide 1: 3Q22 Results Summary
Taiwan Mobile Co., Ltd. 3Q22 Results Summary November 10th 2022 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. (or hereafter the “Company”) undertakes no obligation to update
Slide 3: Business Overview
Business Overview 3
Slide 4: 3Q22 Highlights
3Q22 Highlights Solid topline expansions across all 3 core engines Mobile Service Revenue* E-commerce Home Broadband +2.5% YoY +14% YoY +9% YoY Consolidated Flat YoY EBITDA *Mobile service revenue based on post-IFRS 15 numbers 4
Slide 5: Mobile – Growth Engine #1
Mobile – Growth Engine #1 3Q22 results Smartphone ARPU Postpaid Churn 682 0.96% 674 0.87% 662 0.83% 3Q20 3Q21 3Q22 2020 2021 1-3Q22 Upselling via Unique Bundles momobile Double Play Disney+ + 5
Slide 6: momo – Growth Engine #2
momo – Growth Engine #2 Revenue EBITDA (NT$mn) YoY (NT$mn) YoY 23,558 +13% 1,197 Total 20,907 1,159 -3% Others E-commerce 19,677 22,468 +14% 1,066 -4% 1,026 3Q21 3Q22 3Q21 3Q22 Main + Satellite E-commerce E-commerce Warehouses (#) Total Transaction (#) EBITDA Margin 51 +8% 5.4% 4.6% +12 YoY YoY 3Q22
Slide 7: Broadband – Growth Engine #3
Broadband – Growth Engine #3 3Q22 Basic TV Subscribers 3Q22 Penetration Rate ('000) Subscribers YoY 56.8% 62.3% 54.3% 44.7% TFNM 529 -1.9% Top 4 Top 4 TFNM MSO TFNM MSO Top 4 MSO 3,316 -2.1% DTV BB Source: Market intelligence Source: Market intelligence Revenue EBITDA (NT$mn) YoY (NT$mn) YoY Total 1
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom momo CATV Total1 Telecom momo CATV Total1 3Q22 15.88 23.56 1.55 40.47 6.43 1.16 0.74 8.44 % of 39% 58% 4% 100% 76% 14% 9% 100% total 3Q22 2% 13% -1% 8% 0% -3% -1% 0% YoY 2Q22 2% 13% 1% 8% 5% -2% 2% 3% YoY 1. The sum of each account of telecom, CAT
Slide 10: Results Summary
Results Summary 3Q22 1-3Q22 NT$bn Amount YoY Amount YoY Revenues 40.47 8% 121.60 9% Cash Cost & Expense (32.02) 11% (95.92) 11% Operating Income 4.08 -3% 12.57 4% Non-op. Income (Exp.) 0.01 nm (0.23) -20% Pre-tax Income 4.08 1% 12.34 4% Net Income 2.84 0% 8.56 1% EPS1 (NT$) 1.00 0% 3.03 0% EBITDA 8.
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 3Q22 2Q22 3Q21 NT$bn 3Q22 2Q22 3Q21 Total Assets 189.03 191.30 187.50 Liabilities 119.73 125.35 117.94 Current Assets 36.43 38.95 34.65 Current Liabilities 64.77 71.16 61.27 - Cash & Cash Equivalents 11.79 15.28 12.67 - ST Debts 31.72 25.67 29.49 - Receivable & Contract
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 3Q22 2Q22 3Q21 Operating 7.03 7.73 6.66 Investing (1.89) (4.67) (3.76) Financing (8.62) (2.44) (5.99) NT$bn 3Q22 2Q22 3Q21 Pre-IFRS 16 Operating1 5.94 6.70 5.63 Cash CAPEX (1.81) (3.73) (2.98) Free Cash Flow 4.14 2.97 2.65 1. “Lease expenses” previously under operating activ
Slide 13: Event Updates
Event Updates 13
Slide 14: Awards and Recognitions
Awards and Recognitions Honored with CommonWealth Magazine’s “Excellence in Corporate Social Responsibility Award” for the fifteenth time and ranked 1st in the telecom industry for the seventh time. MyVideo co-productions were nominated for a total of 12 awards in the 57th Golden Bell Awards. 14
Slide 15: Key Message
Key Message Seeing dependable increase in 5G penetration, solid traction of our unique bundles and growing group synergies, we will keep our full-year EBITDA growth guidance unchanged. Looking ahead, we will maintain a disciplined approach while we broaden our high-value customer base and maintain o
Slide 16: Taiwan Mobile
SIBASAK Taiwan Mobile