Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q1 2020 Earnings Presentation
18 slides from Taiwan Mobile's earnings presentation, Apr 30, 2020
Slide 1: Taiwan Mobile Co., Ltd. 1Q20 Results Summary
Taiwan Mobile Co., Ltd. 1Q20 Results Summary April 30, 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
1) S535 XS X | Business Overview
Slide 4: 1Q20 Operational Highlights
1Q20 Operational Highlights Stay-at-home YoY EBIT growth in Readying for 5G economy booms all businesses amid COVID-19 4
Slide 5: Versatility in Telecom Business
Versatility in Telecom Business 1Q20 results Double Play bundles +36% YoY Mobile Data IoT connections Fixed Broadband Early bird +36% YoY migration ICT/IoT/Cloud service revenue 5
Slide 6: Resilience in Pay-TV Business
Resilience in Pay-TV Business 1Q20 Basic TV Subscribers 1Q20 Penetration Rate 46.3% 47.8% 38.8% (‘000) Subscribers YoY(%) 34.6% TFNM 553 -1.7% Top 4 Top 4 MSO 3,518 -2.3% TFNM MSO TFNM Top 4 MSO BB DTV Source: Market intelligence Source: Market intelligence D&A EBIT +10% YoY (NT$mn) (NT$mn) 295 559
Slide 7: momo – the Growth Engine
momo – the Growth Engine Satellite E-commerce Average Warehouses (#) Customer Order (#) 1Q19 1Q20 1Q19 1Q20 5 15 2.87 3.27 +10 YoY +14% YoY (+8.5% in 4Q19) Total Revenue YoY EBIT (NT$m) (NT$m) +29% YoY 15,106 1,485 -12% 562 +24% Total 11,736 454 154 Others 1,681 -11% 172 13,621 +35% E-commerce 10,05
Slide 8: Superior Overall Performance
Superior Overall Performance Total Revenue EBIT Net Income YoY Change YoY Change YoY Change 7.9% 6.6% 6.0% 1.2% CHT TWM FET CHT TWM FET CHT TWM FET -0.4% -2.7% -3.3% -6.2% -6.9% 1Q20 Achievement Ratio 105% 104% 95% 101% 97% ~109% 112% 106% ~108% 112% 103% 8
Slide 9: Financial Overview
1) ABsSXKSX | Financial Overview
Slide 10: Performance by Business
Performance by Business Revenue EBIT NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 1Q20 15.62 1.54 15.11 31.85 3.29 0.56 0.56 4.48 % of 49% 5% 47% 100% 73% 12% 13% 100% total 1Q20 -6% -1% 29% 7% 2% 10% 24% 6% YoY 4Q19 -1% -6% 28% 8% 1% 6% 15% 2% YoY 1. The sum of each account of telecom, C
Slide 11: Results Summary
Results Summary 1Q20 NT$bn % of 1Q Amount YoY guidance Revenues 31.85 7% 101% Cash Cost & Expense (23.75) 11% 99% Operating Income 4.48 6% 112% Non-op. Income (Exp.) (0.15) 11% 81% Pre-tax Income 4.33 6% 114% Net Income 3.31 8% 112% EPS1 (NT$) 1.18 4% 112% EBITDA 8.10 -4% 105% 1. EPS is based on sha
Slide 12: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 1Q20 4Q19 1Q19 NT$bn 1Q20 4Q19 1Q19 Total Assets 178.73 153.92 155.21 Liabilities 102.56 79.74 82.53 Current Assets 30.69 29.91 28.60 Current Liabilities 51.60 44.52 39.41 - Cash & Cash Equivalents 9.10 8.66 7.84 - ST Debts 26.63 18.47 13.60 - Receivable & Contract Asset
Slide 13: Cash Flow Analysis
Cash Flow Analysis NT$bn 1Q20 4Q19 1Q19 Operating 9.24 2.88 8.44 Investing (31.79) (2.88) (2.09) Financing 22.99 (4.36) (6.02) NT$bn 1Q20 4Q19 1Q19 Pre-IFRS 16 Operating1 8.21 1.90 7.47 Cash CAPEX2 (1.65) (1.62) (2.02) Free Cash Flow2 6.56 0.28 5.45 1. “Lease expenses” previously under operating act
Slide 14: Event Updates
("| 838K X | Event updates 14
Slide 15: Event Updates
Event Updates 2019 Earnings Distribution On April 30, 2020, TWM’s board meeting approved the proposal to distribute NT$13.4bn in cash dividends, translating into around 4.5% yield to shareholders. Dividend per share is NT$4.75 on 2.81bn shares, excluding treasury shares held by 100%-owned subsidiari
Slide 16: Awards and Recognition
Awards and Recognition The only telecommunications company in Taiwan that received the top grade “ A ” from the CDP in its “Climate Change 2019 Program”. Received a Silver Class award in SAM’s “2020 Sustainability Yearbook” for three consecutive years. The only telecommunications company in Taiwan t
Slide 17: Key Message
Key Message B2C e-commerce as well as subscription-based wireless, broadband and enterprise solutions are increasingly essential to everyday life under this new normal. As such, we are better poised for the extended stress on the economy caused by COVID-19. Investing in critical areas like 5G, broad
Slide 18: IR Website Q & A
IR Website Q&A 18