Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q1 2022 Earnings Presentation
17 slides from Taiwan Mobile's earnings presentation, May 6, 2022
Slide 1: Taiwan Mobile Co., Ltd. 1Q22 Results Summary
Taiwan Mobile Co., Ltd. 1Q22 Results Summary May 6th 2022 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. (or hereafter the “Company”) undertakes no obligation to update
Slide 3: Business Overview
Business Overview 3
Slide 4: 1Q22 Highlights
1Q22 Highlights Solid topline expansions across all 3 main engines Mobile Service Revenue* E-commerce Home Broadband +2% YoY +28% YoY +12% YoY Consolidated -3% → +8% EBITDA YoY 1Q21 1Q22 *Mobile service revenue based on post-IFRS 15 numbers 4
Slide 5: Mobile – Growth Engine #1
Mobile – Growth Engine #1 1Q22 results Smartphone ARPU Postpaid Churn 0.96% 675 665 0.87% 662 0.85% 2Q20 1Q21 1Q22 2020 2021 1Q22 Upselling via Unique Bundles momobile Double Play Disney+ + 5
Slide 6: momo – Growth Engine #2
momo – Growth Engine #2 Revenue YoY EBITDA (NT$mn) 22,937 +25% (NT$mn) YoY 1,303 +21% Total 18,361 1,074 Others 21,634 +28% E-commerce 16,960 1,120 +28% 878 1Q21 1Q22 1Q21 1Q22 Satellite E-commerce E-commerce Total Transaction EBITDA Margin 1 Warehouses (#) 0.99 0.98 0.97 0.96 0.95 0.94 0.93 0.92 0.
Slide 7: Broadband – Growth Engine #3
Broadband – Growth Engine #3 1Q22 Basic TV Subscribers 1Q22 Penetration Rate ('000) Subscribers YoY 55.6% 59.5% 43.4% 51.6% TFNM 534 -1.9% Top 4 Top 4 TFNM MSO TFNM MSO Top 4 MSO 3,350 -2.4% DTV BB Source: Market intelligence Source: Market intelligence Revenue YoY EBITDA YoY 1,551 (NT$mn) -0% (NT$m
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom momo CATV Total1 Telecom momo CATV Total1 1Q22 15.95 22.94 1.55 39.79 6.28 1.30 0.75 8.46 % of 40% 58% 4% 100% 74% 15% 9% 100% total 1Q22 0% 25% 0% 13% 6% 21% 1% 8% YoY 4Q21 2% 30% 2% 17% 1% 44% 3% 7% YoY 1. The sum of each account of telecom, CAT
Slide 10: Results Summary
Results Summary 1Q22 NT$bn Amount QoQ YoY Revenues 39.79 -12% 13% Cash Cost & Expense (31.33) -15% 14% Operating Income 4.10 4% 13% Non-op. Income (Exp.) (0.12) -35% nm Pre-tax Income 3.98 6% 9% Net Income 2.72 10% -4% EPS1 (NT$) 0.97 10% -4% EBITDA 8.46 2% 8% 1. EPS is based on share count of 2.820
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 1Q22 4Q21 1Q21 NT$bn 1Q22 4Q21 1Q21 Total Assets 189.42 190.98 185.00 Liabilities 113.08 117.71 109.61 Current Assets 37.42 38.65 31.69 Current Liabilities 54.89 59.49 55.35 - Cash & Cash Equivalents 14.65 15.40 11.36 - ST Debts 22.34 25.38 25.13 - Receivable & Contract
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 1Q22 4Q21 1Q21 Operating 6.62 7.51 6.00 Investing (3.02) (0.15) (2.33) Financing (4.35) (4.63) (3.08) NT$bn 1Q22 4Q21 1Q21 Pre-IFRS 16 Operating1 5.55 6.49 4.95 Cash CAPEX2 (2.30) 0.28 (2.93) Free Cash Flow 3.25 6.77 2.01 1. “Lease expenses” previously under operating activi
Slide 13: Event Updates
Event Updates 13
Slide 14: 2021 Earnings Distribution
2021 Earnings Distribution On May 6th, 2022, TWM’s Board approved the proposal to distribute NT$12.1bn in cash dividends, translating to c.4% yield to shareholders. Dividend per share is NT$4.30 on 2.82bn shares, excluding treasury shares held by 100%-owned subsidiaries. Post earnings distribution,
Slide 15: Awards and Recognitions
Awards and Recognitions Honored with a “Silver Class Sustainability Award” in S&P Global’s “The Sustainability Yearbook 2022”. Formally joined the RE1001 and committed to 100% renewable electricity by 2040. Received an SGS Qualicert Certification for our direct stores, myfone stores and customer ser
Slide 16: Key Message
Key Message Entering 2022, as demand for faster connectivity, e-commerce and digital entertainment continues to swell, TWM with our 3 growth engines is well- positioned to thrive in this new normal and has been taking advantage by playing a leading role in creating innovative product offerings that
Slide 17: Taiwan Mobile
SIBASAK Taiwan Mobile