Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2012 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Oct 25, 2012
Slide 1: Taiwan Mobile Co., Ltd. 3Q12 Results Summary
Taiwan Mobile Co., Ltd. 3Q12 Results Summary October 25, 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 YoY Change YoY Growth Rate Unit: NT$mn 3,763 5.6% 2,998 1.6% 1 3Q11 1-3Q11 1 3Q12 1-3Q12 1 3Q11 1-3Q11 1 3Q12 1-3Q12 (1,439) ((2,327) , ) Data Voice 4
Slide 5: Our Smartphone Strategy
Our Smartphone Strategy Smartphone as % of total Current exclusive models handsets sold 74% 50% Samsung Galaxy HTC J Samsung Galaxy Note II 32G SIII, red color 3Q11 3Q12 YTD ARPU comparison LG Sony ion Optimus L7 Sony Xperia P 1 400 1,400 783 Samsung Galaxy Moto XT550 TWM TWM Ace II Amazing A2 Amazi
Slide 6: CATV Growth Catalysts
CATV Growth Catalysts y Sub S b no. no Basic TV 3Q12 YoY ARPU Cable internet Digital TV Subscription growth Subscription 579K subs 167K subs 70K subs Analogue TV 1% 502 Cable internet 10% 544 DTV 73% 135 High speed cable internet mix 25% Blended 770, +3% YoY ARPU * 7% * Calculation based on total ca
Slide 7: New Product & Service
New Product & Service Exclusively introduced Samsung Galaxy Note II 32G, Samsung Galaxy SIII (red color) color), HTC JJ, Samsung Ace II and our own brand Amazing A2. E t d an exclusive Entered l i partnership t hi iin T i Taiwan ith E with t a world- Evernote, ld class cloud service provider, to off
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Result Summary
Result Summary 3Q12 YTD NT$mn % of % of ‘12 Amount YoY YoY Forecast Forecast Revenue 24,511 13% 94% 25% 71% S i revenue** Service 18 009 18,009 3% 98% 5% 74% Cost (15,411) 23% 92% 35% 70% Operating expenses (4 306) (4,306) 6% 95% 19% 72% Operating income 4,794 -6% 99% 3% 74% Net non-oper. items (39)
Slide 10: Divisional Performance
Divisional Performance Revenue EBITDA NT$bn Momo* momo* CBG EBG HBG & Total CBG EBG HBG & Total Others Others 3Q12 15.63 2.63 1.54 4.71 24.51 5.40 0.85 0.81 0.17 7.23 % of 64% 11% 6% 19% 100% 75% 12% 11% 2% 100% total QoQ 2% 1% 1% 11% 3% 2% -8% 0% 1% 0% YoY 8% 5% 3% NM 13% -5% 0% 5% NM -4% * momo’s
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 3Q12 2Q12 3Q11 3Q12 2Q12 3Q11 Total Assets 90.17 90.38 93.22 Liabilities 42.93 47.08 46.56 C rrent Assets Current 17 67 17.67 17 96 17.96 18 85 18.85 C rrent Liabilities Current 37 43 37.43 41 63 41.63 37 20 37.20 - Cash & Cash Equivalents 5.74 6.13 7.72 - ST Debts 17.39
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 3Q12 2Q12 3Q11 Operating Cash Flow 5.02 6.38 5.68 Investing Cash Flow (3.08) (1.87) (11.00) Financing Cash Flow (2.32) (4.00) 0.84 NT$bn $ 3Q12 Q 2Q12 Q 3Q11 Q Cash CAPEX (2.35) (1.68) (2.37) Free Cash Flow 2 66 2.66 4 70 4.70 3 30 3.30 12
Slide 13: Event updates & Key Message
Event updates & Key Message 13
Slide 14: Event updates
Event updates Board Resolution − TWM’s board meeting today (October 25) approved to issue in tranches unsecured straight corporate bonds with a maximum amount of NT$16bn and a maximum duration of 7 years. A ard & Recognition Award − Awarded for “Excellence in Corporate Social Responsibility” by Comm
Slide 15: Key Message
Key y Message g Certain high-profile smartphone product launches are expected in 4Q, which is likely to increase quarterly earnings uncertainties. Nevertheless healthy service revenue growth Nevertheless, and solid results from the first three quarters will provide us the confidence to achieve our f
Slide 16: Q&A
Q&A 16