Chunghwa Telecom Co., Ltd · TWSE:2412
Chunghwa Telecom — Q3 2024 Earnings Presentation
18 slides from Chunghwa Telecom's earnings presentation, Jan 30, 2024
Slide 1: 3Q 2024 Operating Results
3Q 2024 Operating Results November 6, 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: Recent Strategic Achievements
Recent Strategic Achievements Maintained #1 industry leadership ✓ #1 5G penetration according to industry regulator ✓ Continuous growth of postpaid subscribers in 2024 against the relatively flattish trend for the rest of the industry ✓ ICT revenue hit a new high over every single third quarter sinc
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 Market Share Maintains Stable & Flat Monthly fee uplift Mobile service revenue(a) from 4G YoY ▲ 2％ ▲ 43% CHT’s Mobile revenue market share: 40.3% (Billion) 20 553 556 554 556 552 600 500 15 400 CHT Others 10 300 16.42 16.59 16.
Slide 6: Business Overview: Fixed Broadband Service
Business Overview Fixed Broadband Service ARPU YoY Growth for Higher-Speed Adoption Growth 20 Consecutive Quarters (a) Fixed Broadband Revenue YoY ▲ 3.4％ 300M+ Subs YoY ▲ 20.5% Fixed Broadband ARPU YoY ▲ 1.5％ (Billion) (Thousand) 775 780 781 790 786 12 4,389 4,403 4,397 4,406 4,419 700 10 600 27.9%
Slide 7: Segment Reporting
Segment Reporting © Chunghwa Telecom 7
Slide 8: Consumer Business Group (CBG) 3Q24 Financial Summary
Consumer Business Group (CBG) 3Q24 Financial Summary Income before tax decreased NT$0.05 billion, or 0.6 % YoY Mobile service revenue of CBG Revenue +3% YoY due to 5G migration as well as continued growth of +2.1% YoY postpaid subscribers (Billion) 33.74 34.43 35 0.59 0.71 Fixed broadband revenue
Slide 9: Consumer Business Group (CBG) 3Q24 Highlights
Consumer Business Group (CBG) 3Q24 Highlights Multiple-Play Package IPTV/MOD + OTT Consumer Cybersecurity Performance Business Performance Subscriptions Fixed-Broadband + Mobile Subscriptions surge due to Consumer Cybersecurity + Wi-Fi Service package promotion of 2024 Paris Subscriptions + 16 % YoY
Slide 10: Enterprise Business Group (EBG) 3Q24 Financial Summary
Enterprise Business Group (EBG) 3Q24 Financial Summary Income before tax decreased NT$0.33 billion, or 9.6% YoY EBG revenue +5.9% YoY mainly Revenue driven by the strong ICT business growth +5.9% YoY (Billion) Major growth drivers in emerging 20 enterprise business delivered strong 17.60 16.62 per
Slide 11: Enterprise Business Group (EBG) 3Q24 Highlights
Enterprise Business Group (EBG) 3Q24 Highlights Emerging Enterprise Application Launched Taiwan's first "5G Private Network Backpack," the smaller and Revenue 30% YoY lighter solution capable of receiving satellite signal in the remote area Acquired a network integration AIoT IDC Cloud Service pro
Slide 12: International Business Group (IBG) 3Q24 Financial Summary
International Business Group (IBG) 3Q24 Financial Summary Income before tax increased NT$0.06 billion, or 11% YoY Revenue IBG revenue +1.4% YoY mainly due to overseas ICT business growth driven by clients’ global (a) expansion in Japan (Billion) +1.4% YoY 2.7 Launched our European subsidiary 2.34
Slide 13: Financial Overview
Financial Overview © Chunghwa Telecom 13
Slide 14: Income Statement Highlights
Income Statement Highlights (NT$bn) Q3 2024 Q3 2023 Growth % 9M 2024 9M 2023 Growth % Revenue 55.61 53.66 3.6 164.67 161.33 2.1 Operating Costs and Expenses 44.23 42.20 4.8 129.44 125.43 3.2 Other Income and Expenses2 - - - - - - Income from Operations 11.38 11.46 -0.8 35.23 35.90 -1.9 Income before
Slide 15: Balance Sheet Highlights
Balance Sheet Highlights Growth % Growth % (NT$bn) 2024.09.30 2023.12.31 2023.09.30 (vs 2023.12.31) (vs 2023.09.30) Total Assets 509.65 523.94 -2.7 512.20 -0.5 Cash & Cash Equivalents 31.22 33.82 -7.7 32.01 -2.5 Other current monetary assets 14.68 20.35 -27.9 12.33 19.1 Prepayments 5.93 2.84 109.0 5
Slide 16: Cash Flow Summary
Cash Flow Summary (NT$bn) 9M 2024 9M 2023 Growth % Cash Flows from Operating Activities 49.76 49.89 -0.3% Capital Expenditures2 16.04 18.88 -15.1% Mobile2 4.18 6.74 -38.0% Non-Mobile2 11.86 12.14 -2.4% Free Cash Flow3 33.72 31.01 8.7% Note: 1. Financials are prepared in accordance with T-IFRSs. Figu
Slide 17: Operating Results vs. Forecasts
Operating Results vs. Forecasts Q3 2024 Q3 2024 Achieving 9M 2024 9M 2024 Achieving (NT$bn) (A) （E） % (A) (E) % Revenue 55.61 55.71~56.08 99.2~99.8 164.67 164.84~165.86 99.3~99.9 Operating Costs 44.23 44.43~44.64 99.1~99.5 129.44 131.00~131.60 98.4~98.8 and Expenses Income from 11.38 11.27~11.79 96.
Slide 18: Q&A
Q&A © Chunghwa Telecom 18