Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q2 2020 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Aug 4, 2020
Slide 1: Taiwan Mobile Co., Ltd. 2Q20 Results Summary
Taiwan Mobile Co., Ltd. 2Q20 Results Summary Aug. 4th 2020 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: 2Q20 Operational Highlights
2Q20 Operational Highlights Soft Demand for Readying for 5G Robust e-commerce High-end Handsets Launch Performance at momo 104% Achievement Ratio for 2Q20 Net Income 4
Slide 5: Versatility in Telecom Business
Versatility in Telecom Business 2Q20 results Double Play bundles +40% YoY Mobile Data IoT connections Fixed Broadband +NT$46 YoY +35% YoY handset bundle plan tariff ICT/IoT/Cloud of new sign-ups service revenue 5
Slide 6: Resilience in Pay-TV Business
Resilience in Pay-TV Business 2Q20 Basic TV Subscribers ('000) Subscribers YoY TFNM 551 -1.3% Top 4 MSO 3,501 -2.1% Source: Market intelligence Source: Market intelligence D&A EBIT (NT$mn) (NT$mn) YoY 264 564 +7% YoY 529 177 -33% 2Q19 3Q19 4Q19 1Q20 2Q20 2Q19 3Q19 4Q19 1Q20 2Q20 6
Slide 7: momo – the Growth Engine
momo – the Growth Engine Satellite E-commerce Total E-commerce Average Warehouses (#) Transaction (#) Ticket Size (NT$) 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20 8 17 4.9m 6.8m $2,095 $2,118 +9 YoY +39.5% YoY +1.1% YoY Total Revenue EBIT (NT$m) YoY (NT$m) 15,834 +34% YoY 1,375 -12% Total 11,815 +31% 461 1,554 3
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBIT NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 2Q20 14.36 1.54 15.83 31.34 3.04 0.56 0.46 4.13 % of 46% 5% 51% 100% 73% 14% 11% 100% total 2Q20 -12% 0% 34% 6% -11% 7% 31% -4% YoY 1Q20 -6% -1% 29% 7% 2% 10% 24% 6% YoY 1. The sum of each account of telecom
Slide 10: Results Summary
Results Summary 2Q20 1H20 NT$bn % of 2Q % of full year Amount YoY Amount YoY guidance guidance Revenues 31.34 6% 99% 63.19 6% 47% Cash Cost & Expense (23.63) 12% 99% (47.38) 11% 46% Operating Income 4.13 -4% 100% 8.61 1% 55% Non-op. Income (Exp.) (0.00) -95% 2% (0.16) -35% 16% Pre-tax Income 4.13 -2
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 2Q20 1Q20 2Q19 NT$bn 2Q20 1Q20 2Q19 Total Assets 177.39 178.73 153.60 Liabilities 110.89 102.56 89.18 Current Assets 30.27 30.69 27.10 Current Liabilities 60.18 51.60 49.76 - Cash & Cash Equivalents 8.24 9.10 6.77 - ST Debts 21.69 26.63 8.70 - Receivable & Contract Asset
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 2Q20 1Q20 2Q19 Operating 7.47 9.24 7.07 Investing (1.54) (31.79) (1.37) Financing (6.79) 22.99 (6.76) NT$bn 2Q20 1Q20 2Q19 Pre-IFRS 16 Operating1 6.50 8.21 6.12 Cash CAPEX2 (1.90) (1.65) (1.38) Free Cash Flow2 4.60 6.56 4.73 1. “Lease expenses” previously under operating act
Slide 13: Event Updates
Event Updates 13
Slide 14: Events, Awards and Recognition
Events, Awards and Recognition TWM launched commercial 5G services on July 1st, 2020. Honored with the 2020 “Annual CSR Survey – Telecom Service Industry” award and “Eco-friendly” award from Global Views Monthly. Ranked among the top 5% of listed companies in the “Corporate Governance Evaluation” co
Slide 15: Key Message
Key Message Taiwan’s big 3 mobile operators have entered the new era with restrained pricing and a consensus on 5G unlimited data plans starting from NT$1,399 a month. As 5G iPhone and the likes arrive alongside continuous network build-out, we expect 5G service adoptions to accelerate, and hence, i
Slide 16: Taiwan Mobile
SIBASAK Taiwan Mobile