Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2020 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Nov 6, 2020
Slide 1: Taiwan Mobile Co., Ltd. 3Q20 Results Summary
Taiwan Mobile Co., Ltd. 3Q20 Results Summary Nov. 6th 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: 3Q20 Operational Highlights
3Q20 Operational Highlights Postpaid smartphone Rise in amortization Boosting momo’s monthly fee following 5G launch e-commerce growth turning the corner 110% Achievement Ratio for 3Q20 Net Income 4
Slide 5: Mobile Business in 5G Era
Mobile Business in 5G Era 3Q20 results Service Adoption 5G ARPU 50% higher than 4G ~90% opting for $999 or higher rate plans Double Play bundles Mobile Data Fixed Broadband 5
Slide 6: CATV Business – propelled by Broadband
CATV Business – propelled by Broadband 3Q20 Basic TV Subscribers 3Q20 Penetration Rate 50.1% 47.8% ('000) Subscribers YoY 40.6% 36.7% TFNM 550 -1.1% Top Top TFNM 4 MSO TFNM 4 MSO Top 4 MSO 3,482 -2.0% DTV BB Source: Market intelligence Source: Market intelligence D&A EBIT (NT$mn) (NT$mn) 228 551 YoY
Slide 7: momo – the Growth Engine
momo – the Growth Engine Satellite E-commerce Total E-commerce Warehouses (#) Transaction (#) Profitability Gross 8.52% 8.25% 19 +30.1% 8.50% Margin 7.50% 6.50% 5.50% 4.50% 3.28% 3.70% +6 YoY YoY EBITDA 3.50% 2.50% Margin 1.50% 0.50% 3Q20 -0.50% 3Q20 3Q19 3Q20 Total Revenue EBIT (NT$m) (NT$m) YoY Yo
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBIT NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 3Q20 14.44 1.56 15.58 31.24 2.73 0.55 0.46 3.84 % of 46% 5% 50% 100% 71% 14% 12% 100% total 3Q20 -16% 3% 26% 1% -18% 0% 38% -10% YoY 2Q20 -12% 0% 34% 6% -11% 7% 31% -4% YoY 1. The sum of each account of tele
Slide 10: Results Summary
Results Summary 3Q20 1-3Q20 NT$bn % of 3Q % of full year Amount YoY Amount YoY guidance guidance Revenues 31.24 1% 94% 94.44 5% 70% Cash Cost & Expense (23.45) 4% 92% (70.83) 9% 69% Operating Income 3.84 -10% 104% 12.46 -3% 79% Non-op. Income (Exp.) (0.04) 49% 14% (0.19) -27% 20% Pre-tax Income 3.81
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 3Q20 2Q20 3Q19 NT$bn 3Q20 2Q20 3Q19 Total Assets 180.74 177.39 158.83 Liabilities 111.12 110.89 89.43 Current Assets 32.05 30.27 34.23 Current Liabilities 62.91 60.18 52.66 - Cash & Cash Equivalents 10.46 8.24 13.02 - ST Debts 34.69 21.69 21.67 - Receivable & Contract As
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 1~3Q20 YoY 3Q20 2Q20 3Q19 Operating 23.02 -16% 6.31 7.47 11.83 Investing (33.92) 518% (0.59) (1.54) (2.03) Financing 12.70 nm (3.50) (6.79) (3.54) NT$bn 1~3Q20 YoY 3Q20 2Q20 3Q19 Pre-IFRS 16 Operating1 19.98 -18% 5.28 6.50 10.83 Cash CAPEX2 (5.20) -6% (1.65) (1.90) (2.12) Fr
Slide 13: Event Updates
Event Updates 13
Slide 14: Awards and Recognitions
Awards and Recognitions Thirteen-time winner of CommonWealth Magazine’s “Excellence in Corporate Social Responsibility Award”. Ranked 10th in ISS’s first edition of “Taiwan’s Top 30 Corporations in ESG” and rated the highest in the telecom industry. 14
Slide 15: Key Message
Key Message The competitive landscape in Taiwan’s mobile industry has become more benign, evidenced by the continued decline of ported numbers since 5G launch in July, as all operators introduced higher monthly fees for 5G unlimited data plans. Meanwhile, our 5G service is poised to gain momentum on
Slide 16: SIBASAK
SIBASAK Taiwan Mobile