Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q4 2020 Earnings Presentation
17 slides from Taiwan Mobile's earnings presentation, Mar 3, 2021
Slide 1: Taiwan Mobile Co., Ltd. 4Q20 Results Summary
Taiwan Mobile Co., Ltd. 4Q20 Results Summary (The updated version of Feb. 25th conference presentation. Please refer to page 15 “2021 Guidance”) Mar. 3rd 2021 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. (the “Company”) undertakes no obligation to update or revise the
Slide 3: Business Overview
Business Overview 3
Slide 4: 2020 Operational Highlights
2020 Operational Highlights 5G D&A and 5G-driven recovery in Robust e-commerce COVID-19 postpaid smartphone momentum headwinds monthly fee 101% Achievement Ratio for 2020 Net Income 4
Slide 5: Mobile Business in 5G Era
Mobile Business in 5G Era 2020 results Service Adoption 5G ARPU Boosted by iPhone 12 5G overall – ~90% in $999 or higher rate plans iPhone 12 series – >80% in $1399 or higher bundle plans Double Play bundles Postpaid Churn Mobile Data Fixed Broadband 5
Slide 6: CATV Business – propelled by Broadband
CATV Business – propelled by Broadband 4Q20 Basic TV Subscribers 4Q20 Penetration Rate 51.3% 48.6% ('000) Subscribers YoY 42.2% 39.3% TFNM 548 -1.1% Top 4 Top 4 TFNM MSO TFNM MSO Top 4 MSO 3,461 -2.1% DTV BB Source: Market intelligence Source: Market intelligence D&A EBIT (NT$mn) (NT$mn) 200 FY20 FY
Slide 7: momo – the Growth Engine
momo – the Growth Engine Satellite E-commerce Total E-commerce Warehouses (#) Transaction (#) Profitability 9.00% 8.00% 22 +36% 7.00% 6.00% 3.4% 3.9% EBITDA5.00% 4.00% +8 YoY YoY Margin3.00% 2.00% 1.00% 2020 2020 2019 2020 Total Revenue EBITDA (NT$m) (NT$m) YoY YoY +30% 67,198 3,034 +30% Total 51,83
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBIT NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 4Q20 17.12 1.55 20.68 38.42 2.27 0.53 0.74 3.60 % of 45% 4% 54% 100% 63% 15% 21% 100% total 4Q20 -1% 5% 30% 13% -31% 5% 42% -18% YoY 2020 61.53 6.19 67.20 132.86 11.32 2.21 2.22 16.06 % of 46% 5% 51% 100% 71
Slide 10: Results Summary
Results Summary 2020 NT$bn % of Amount YoY guidance Revenues 132.86 7% 99% Cash Cost & Expense (101.53) 12% 99% Operating Income 16.06 -7% 102% Non-op. Income (Exp.) (0.60) -2% 61% Pre-tax Income 15.46 -7% 104% Net Income 11.29 -10% 101% EPS1 (NT$) 4.01 -11% 101% EBITDA 31.33 -6% 99% 1. EPS is based
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 4Q20 3Q20 4Q19 NT$bn 4Q20 3Q20 4Q19 Total Assets 184.58 180.74 153.92 Liabilities 112.59 111.12 79.74 Current Assets 32.09 32.05 29.91 Current Liabilities 58.53 62.91 44.52 - Cash & Cash Equivalents 10.78 10.46 8.66 - ST Debts 26.93 34.69 18.47 - Receivable & Contract As
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 4Q20 3Q20 4Q19 2020 2019 Operating 8.73 6.31 2.88 31.74 30.22 Investing (5.40) (0.59) (2.88) (39.32) (8.37) Financing (3.01) (3.50) (4.36) 9.69 (20.67) NT$bn 4Q20 3Q20 4Q19 2020 2019 Pre-IFRS 16 Operating1 7.76 5.28 1.90 27.75 26.33 Cash CAPEX2 (6.35) (1.65) (1.62) (11.55) (
Slide 13: Event Updates
Event Updates 13
Slide 14: Awards and Recognitions
Awards and Recognitions Selected for the Dow Jones Sustainability Indices (DJSI) “DJSI World” for 4 consecutive years and once again ranked No.1 in its “Global Telecom Industry” segment. Listed in the DJSI “Emerging Markets” for 9 years in a row. Recognized as an A-list climate change enterprise by
Slide 15: 2021 Guidance
2021 Guidance Consolidated revenue: up 12~15% YoY E-commerce, new technology services and other revenue: up 19~23% YoY Telecom related revenues: up 4~6% YoY Consolidated EBITDA: flat to slightly down by 2% YoY Gross profit margin: between 20% and 23% Operating profit margin: between 9% and 11% Group
Slide 16: Key Message
Key Message With momo firing on all cylinders and mobile ARPU seeing an uplift from better 5G coverage and more compelling bundles, accelerating top line growth will be our No.1 priority in 2021. We believe that this will translate into greater shareholder value in the long-run. 16
Slide 17: Taiwan Mobile
SIBASAK Taiwan Mobile