Slide 1: 1Q 2024 Operating Results
1Q 2024 Operating Results May 2, 2024 1 © Chunghwa Telecom
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
Slide 3: Chairman's Message
Chairman’s Message Leadership expanded in the post-merger market due to strong business growth ✓ Continuous market share expansion to drive overall performance ✓ Revenue hit a new peak for the same period since 2017 ✓ Income before tax reached a record high for the same period since 2016 excluding t
Slide 4: Business Overview
Business Overview © Chunghwa Telecom 4
Slide 5: Business Overview: Mobile Service
Business Overview Mobile Service Mobile Revenue & Subs 090 Postpaid ARPU 3.4% YoY Market Share 12 Consecutive Quarters of Growth Monthly fee uplift Mobile service revenue(a) from 4G YoY ▲ 5.1％ ▲ 45% CHT’s Mobile revenue market share: 40.4% (Billion) 20 536 545 553 556 554 600 CHT 500 39.8% 15 400
Slide 6: Business Overview: Fixed Broadband Service
Business Overview Fixed Broadband Service ARPU YoY Growth for Higher-Speed Adoption Growth 18 Consecutive Quarters (a) Fixed Broadband Revenue YoY ▲ 3.8％ 300M+ Subs YoY ▲ 29% Fixed Broadband ARPU YoY ▲ 2.0％ (Million) (Thousand) 766 774 775 780 781 12,000 4,381 4,382 4,389 4,403 4,397 700 10,000 24.1
Slide 7: Segment Reporting
Segment Reporting © Chunghwa Telecom 7
Slide 8: Consumer Business Group (CBG) 1Q24 Financial Summary
Consumer Business Group (CBG) 1Q24 Financial Summary Income before tax increased NT$0.28 billion, or 3.7 % YoY Mobile service revenue of CBG Revenue +4.2% YoY due to 5G migration, continued growth of postpaid +1.7% YoY subscribers, and roaming revenue (Billion) 34.05 34.62 35 0.55 0.60 30 9.38 9.2
Slide 9: Consumer Business Group (CBG) 1Q24 Highlights
Consumer Business Group (CBG) 1Q24 Highlights Multiple-Play Package IPTV/MOD + OTT Consumer Cybersecurity Performance Business Performance Subscriptions Fixed-Broadband + Mobile Largest video platform in Consumer Cybersecurity + Wi-Fi Service package Taiwan with subscribers Subscriptions + 17.1 % Yo
Slide 10: Enterprise Business Group (EBG) 1Q24 Financial Summary
Enterprise Business Group (EBG) 1Q24 Financial Summary Income before tax decreased NT$0.53 billion, or 13.4% YoY Excluding one-time item last year, 1.5% YoY EBG revenue -0.9% YoY mainly due to Revenue the higher base resulting from the one- time item in the same period last year, -0.9% YoY exclu
Slide 11: Enterprise Business Group (EBG) 1Q24 Highlights
Enterprise Business Group (EBG) 1Q24 Highlights Emerging Enterprise Application Leveraged data governance and telecommunication data to develop Revenue 5.2% YoY the big data platform for IoT data analysis, intelligent customer service, and smart government, etc. Big Data Cyber Security AIoT YoY
Slide 12: International Business Group (IBG) 1Q24 Financial Summary
International Business Group (IBG) 1Q24 Financial Summary Income before tax increased NT$0.12 billion, or 23.5% YoY IBG revenue +13.3% YoY mainly due Revenue to the growth of overseas ICT projects driven by clients’ global expansion (a) (Billion) +13.3% YoY 2.41 2.5 2.13 0.30 Expand our footprint
Slide 13: Financial Overview
Financial Overview © Chunghwa Telecom 13
Slide 14: Income Statement Highlights
Income Statement Highlights (NT$bn) Q1 2023 Q1 2024 Growth % Revenue 54.21 54.94 1.4 Operating Costs and Expenses 42.04 43.03 2.4 Other Income and Expenses2 - - - Income from Operations 12.17 11.91 -2.2 Income before Tax 12.26 11.99 -2.2 Net Income3 9.64 9.39 -2.6 EPS 1.24 1.21 -2.6 EBITDA4 22.05 21
Slide 15: Balance Sheet Highlights
Balance Sheet Highlights (NT$bn) 2023.12.31 2024.03.31 Growth % Total Assets 523.94 528.41 0.9 Current Assets 103.20 111.26 7.8 Long-term Investments 13.90 14.71 5.8 Property, plant and equipment 292.34 287.07 -1.8 Total Liabilities 129.04 123.77 -4.1 Accounts payable 14.78 9.92 -32.9 Total Equity 3
Slide 16: Cash Flow Summary
Cash Flow Summary (NT$bn) Q1 2023 Q1 2024 Growth % Cash Flows from Operating Activities 11.21 14.13 26.1% Capital Expenditures2 5.42 5.04 -6.9% Mobile2 1.47 0.73 -50.1% Non-Mobile2 3.95 4.31 9.0% Free Cash Flow3 5.79 9.09 56.9% Note: 1. Financials are prepared in accordance with T-IFRSs. Figures for
Slide 17: Operating Results vs. Forecasts
Operating Results vs. Forecasts Q1 2024 Q1 2024 Achieving 2024 Achieving (NT$bn) (A) （E） % (E) % Revenue 54.94 55.18~55.48 99.0~99.6 228.54~230.19 23.9~24.0 Operating Costs and 43.04 43.86~44.05 97.7~98.1 183.30~184.27 23.4~23.5 Expenses Income from 11.91 11.32~11.43 104.2~105.2 45.23~46.50 25.6~26.
Slide 18: Awards and ESG Recognitions
Awards and ESG Recognitions Carbon reduction achievement and commitment ✓ Our success of inverse relationship between carbon emissions and revenue growth • Relative to 2020: 5.7% revenue growth alongside 14% reduction in carbon emissions of the parent company. ✓ The first Taiwanese telco to get EV10
Slide 19: Q&A
Q&A © Chunghwa Telecom 19