Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q1 2012 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Apr 26, 2012
Slide 1: Taiwan Mobile Co., Ltd. 1Q12 Results Summary
Taiwan Mobile Co., Ltd. 1Q12 Results Summary April 26, 2012 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 l off new information, i f i f future events or otherwise, h i and d Taiwan T i M bil Mobile Co., Ltd. (the “Company”) undertakes no obligat
Slide 3: Business Overview
Business Overview 3
Slide 4: Robust Wireless Data Growth
Robust Wireless Data Growth Mobile Service Revenue Data Business – 1Q12 YoY Change in 1Q12 NT$: bn CHT FET TWM Data Data revenue 4.55 4.04 4.06 % of service $1,263mn 25.8% 27.4% 28.0% revenue Data revenue YoY 29% 48% 45% growth $204mn Regulatory interventions $376mn Voice 4
Slide 5: Our Smartphone Strategy
Our Smartphone Strategy 2012 YTD Contribution comparison Current exclusive models 1,503 775 Moto XT615 Moto RAZR Sony Xperia P Post-paid Smartphone ARPU pay-back pay back period Smartphone as % of total SAM Galaxy Nexus HTC Incredible S SE Ray handsets sold 71% 56% HTC SAM Ace TWM T3 BB 9860 EVO 3D
Slide 6: CATV Growth Catalysts
CATV Growth Catalysts y Sub S b no. no Basic TV 1Q12 YoY ARPU Cable internet Digital TV Subscription growth Subscription 577K subs 159K subs 54K subs Analogue TV 1% 505 Cable internet 12% 546 C bl internet Cable i t t DTV 77% 143 New adds speed mix 40% Blended 759, +3% YoY 97% ARPU * 60% * Calculati
Slide 7: New Product & Service
New Product & Service In addition to the well-received well received iPhone4S and two smart phone models of Moto XT615 and Samgsung ACE S5830i (both are exclusive)) introduced in 1Q12,, ten more new will come in 2Q12. Launched mobile shopping services via TWM’s “match” portal and “MoFun” app store,
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Result Summary
Result Summary % of % of in NT$m $ 1Q12 1Q11 Y Y YoY 1Q12 F ll Full-year Unit: NT$m Guidance Guidance Operating p g revenue 23,994 , 18,222 , 32% 99% 24% Operating cost (15,575) (10,911) 43% 98% 24% Marketing expense (3,097) (2,252) 38% 98% 24% G&A expense (1,125) (1,056) 7% 99% 23% Operating income
Slide 10: Divisional Performance
Divisional Performance Revenue EBITDA NT$bn momo momo CBG HBG EBG & Total CBG HBG EBG & Total Others Others 1Q12 15.52 1.51 2.54 4.41 23.99 4.82 0.81 0.69 0.29 6.60 % of 65% 6% 11% 18% 100% 73% 12% 11% 4% 100% total QoQ 3% 2% -1% 4% 2% -1% 7% -6% -3% -1% YoY 8% 4% 6% NM 32% -2% 7% 12% NM 5% 10
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 1Q12 4Q11 1Q11 1Q12 4Q11 1Q11 Total Assets 89.81 91.79 84.44 Liabilities 36.34 41.73 30.25 C rrent Assets Current 17 01 17.01 18 13 18.13 15 66 15.66 C rrent Liabilities Current 30 92 30.92 36 35 36.35 21 16 21.16 - Cash & Cash Equivalents 5.62 6.69 5.93 - ST Debts 9.61
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 1Q12 4Q11 1Q11 Operating Cash Flow 5.04 7.85 6.00 Investing Cash Flow (1.85) (1.50) (1.48) Financing Cash Flow (4.26) (7.38) (4.63) NT$bn $ 1Q12 Q 4Q11 Q 1Q11 Q Cash CAPEX (1.54) (1.46) (1.39) Free Cash Flow 3 49 3.49 6 38 6.38 4 61 4.61 12
Slide 13: Event Update & Key Message
Event Update & Key Message 13
Slide 14: Event Update
Event Update 2011 Earnings Distribution TWM’s board meeting today (April 26) approved a proposal to distribute NT$13.9bn of cash dividends, comprised of 90% of 2011 earnings, NT$822mn of special reserve and NT$937mn of un un-appropriated appropriated earnings, earnings translating into 103% payout t
Slide 15: Key Message
Key y Message g We will continue to commit most of the resources into p pursuing g future revenue growth. Continuous enhancement of operating leverage is underway to ensure the attainment of our financial target for the year. 15
Slide 16: Q&A
Q&A 16