Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2021 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Nov 4, 2021
Slide 1: Taiwan Mobile Co., Ltd. 3Q21 Results Summary
Taiwan Mobile Co., Ltd. 3Q21 Results Summary November 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: 3Q21 Highlights
3Q21 Highlights Solid revenue increases in all 3 growth engines Mobile Service Revenue E-commerce Home Broadband +2% YoY +38% YoY +14% YoY Consolidated +9% YoY EBITDA 3Q21 4
Slide 5: 5G Mobile Business – Growth Engine #1
5G Mobile Business – Growth Engine #1 3Q21 results Upselling Postpaid Churn 48M handset bundle iPhone 13 launch momobile Double Play user contribution to e-commerce revenue 1.6% Footprint >70% coverage As of Sep 2021 5
Slide 6: momo – Growth Engine #2
momo – Growth Engine #2 Revenue EBITDA YoY (NT$mn) (NT$mn) YoY +34% +81% -5% Total -0% Others +38% +102% E-commerce Satellite E-commerce E-commerce Warehouses (#) Total Transaction (#) 15.0% Profitability 25 10.0% +44% EBITDA 5.4% Margin 3.7% +6 YoY 5.0% YoY 3Q21 3Q21 0.0% 3Q20 3Q21 -5.0% 6
Slide 7: Broadband – Growth Engine #3
Broadband – Growth Engine #3 3Q21 Basic TV Subscribers 3Q21 Penetration Rate 54.4% 51.3% ('000) Subscribers YoY 42.1% 45.9% TFNM 540 -1.9% Top 4 Top 4 TFNM MSO TFNM MSO Top 4 MSO 3,389 -2.7% DTV BB Source: Market intelligence Source: Market intelligence Revenue EBITDA (NT$mn) YoY (NT$mn) YoY Total +
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 3Q21 15.51 1.56 20.91 37.39 6.44 0.74 1.20 8.49 % of 41% 4% 56% 100% 76% 9% 14% 100% total 3Q21 7.4% 0.0% 34.2% 19.7% 2.1% 1.4% 81.4% 8.9% YoY 2Q21 4.9% 0.5% 40.6% 22.6% 1.5% -1.1% 103.0% 10.1% YoY 1. The
Slide 10: Results Summary
Results Summary 3Q21 NT$bn Amount QoQ YoY Revenues 37.39 -3% 20% Cash Cost & Expense (28.90) -3% 23% Operating Income 4.22 -1% 10% Non-op. Income (Exp.) (0.16) 17% 357% Pre-tax Income 4.06 -2% 7% Net Income 2.84 0% 1% EPS1 (NT$) 1.00 -1% -1% EBITDA 8.49 0% 9% 1. EPS is based on share count of 2.814b
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 3Q21 2Q21 3Q20 NT$bn 3Q21 2Q21 3Q20 Total Assets 187.50 188.93 180.74 Liabilities 117.94 122.63 111.12 Current Assets 34.65 35.79 32.05 Current Liabilities 61.27 68.35 62.91 - Cash & Cash Equivalents 12.67 15.75 10.46 - ST Debts 29.49 24.14 34.69 - Receivable & Contract
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 3Q21 2Q21 3Q20 Operating 6.66 10.03 6.31 Investing (3.76) (3.40) (0.59) Financing (5.99) (2.23) (3.50) NT$bn 3Q21 2Q21 3Q20 Pre-IFRS 16 Operating1 5.63 9.03 5.28 Cash CAPEX2 (2.98) (3.39) (1.65) Free Cash Flow2 2.65 5.65 3.63 1. “Lease expenses” previously under operating ac
Slide 13: Event Updates
Event Updates 13
Slide 14: Awards and Recognitions
Awards and Recognitions Fourteen-time winner of CommonWealth Magazine’s “Excellence in Corporate Social Responsibility Award”. Honored with the 2021 “Smart Innovation Contribution” award from Taiwan Smart City Association. 14
Slide 15: Key Message
Key Message With our strong market positioning and growing intra-group synergies, we expect our three main growth engines, namely 5G, momo and home broadband, to continue firing on all cylinders. Recent 4G price rationalization will provide additional tailwind to the continued expansion of our EBITD
Slide 16: Taiwan Mobile
SIBASAK Taiwan Mobile