Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q1 2021 Earnings Presentation
17 slides from Taiwan Mobile's earnings presentation, May 4, 2021
Slide 1: Taiwan Mobile Co., Ltd. 1Q21 Results Summary
Taiwan Mobile Co., Ltd. 1Q21 Results Summary May 4th 2021 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: 1Q21 Highlights
1Q21 Highlights Mobile Service Upbeat e-commerce Broadband Revenue turned YoY momentum Cross-selling positive in March Consolidated +7% +11% Revenue YoY YoY 1Q20 1Q21 4
Slide 5: 5G Mobile Business – Growth Engine #1
5G Mobile Business – Growth Engine #1 1Q21 results Service Adoption 5G ARPU Postpaid Monthly fee 11% 26% uplift Penetration To exceed 50% 1st population coverage Superior 5G Bundles Postpaid Churn Double Play & momobile 5
Slide 6: momo – Growth Engine #2
momo – Growth Engine #2 Revenue EBITDA (NT$m) (NT$m) YoY YoY 18,361 +22% +43% Total 15,106 1,401 -6% -1% Others 1,485 E-commerce +25% +58% 16,960 13,621 1Q20 1Q21 Satellite E-commerce E-commerce Warehouses (#) Total Transaction (#) Profitability 23 +21% EBITDA +8 YoY Margin YoY 1Q21 1Q21 6
Slide 7: Broadband – Growth Engine #3
Broadband – Growth Engine #3 1Q21 Basic TV Subscribers 1Q21 Penetration Rate 52.4% 49.3% ('000) Subscribers YoY 43.3% 40.3% TFNM 545 -1.4% Top 4 Top 4 TFNM MSO TFNM MSO Top 4 MSO 3,432 -2.5% DTV BB Source: Market intelligence Source: Market intelligence Revenue EBITDA (NT$mn) (NT$mn) YoY 741 YoY Tot
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 1Q21 15.90 1.55 18.36 35.31 5.91 0.74 1.07 7.85 % of 45% 4% 52% 100% 75% 9% 14% 100% total 1Q21 2% 1% 22% 11% -9% 0% 43% -3% YoY 4Q20 -1% 5% 30% 13% -12% 1% 36% -6% YoY 1. The sum of each account of teleco
Slide 10: Results Summary
Results Summary 1Q21 NT$bn Amount QoQ YoY Revenues 35.31 -8% 11% Cash Cost & Expense (27.46) -11% 16% Operating Income 3.64 1% -19% Non-op. Income (Exp.) 0.01 nm nm Pre-tax Income 3.65 14% -16% Net Income 2.83 35% -15% EPS1 (NT$) 1.01 36% -14% EBITDA 7.85 2% -3% 1. EPS is based on share count of 2.8
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 1Q21 4Q20 1Q20 NT$bn 1Q21 4Q20 1Q20 Total Assets 185.00 184.58 178.73 Liabilities 109.61 112.59 102.56 Current Assets 31.69 32.09 30.69 Current Liabilities 55.35 58.53 51.60 - Cash & Cash Equivalents 11.36 10.78 9.10 - ST Debts 25.13 26.93 26.63 - Receivable & Contract A
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 1Q21 4Q20 1Q20 Operating 6.00 8.73 9.24 Investing (2.33) (5.40) (31.79) Financing (3.08) (3.01) 22.99 NT$bn 1Q21 4Q20 1Q20 Pre-IFRS 16 Operating1 4.95 7.76 8.21 Cash CAPEX2 2.93 6.35 1.65 Free Cash Flow2 2.01 1.41 6.56 1. “Lease expenses” previously under operating activitie
Slide 13: Event Updates
Event Updates 13
Slide 14: 2020 Earnings Distribution
2020 Earnings Distribution On May 4th, 2021, TWM’s Board approved the proposal to distribute NT$12.1bn in cash dividends, translating to a 4.3% yield to shareholders. Dividend per share is NT$4.30 on 2.81bn shares, excluding treasury shares held by 100%-owned subsidiaries. Post earnings distribution
Slide 15: Awards and Recognitions
Awards and Recognitions Received the world-renowned SGS “QualiCert Service Quality Certification” for 9 consecutive years. Honored with a “Gold Award” in S&P Global’s “The Sustainability Yearbook 2021”, ranking first in the global telecommunications industry. 15
Slide 16: Key Message
Key Message TWM is currently growing at full speed and expects to further accelerate as our 3 main growth engines, 5G, momo and broadband, continue to gain traction. As a result, we are on track to reach our 2021 guidance for consolidated EBITDA. Given that 5G capex has peaked, our free cash flow sh
Slide 17: Taiwan Mobile
SIBASAK Taiwan Mobile