Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2017 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Nov 3, 2017
Slide 1: Taiwan Mobile Co., Ltd. 3Q17 Results Summary
Taiwan Mobile Co., Ltd. 3Q17 Results Summary November 3, 2017 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: Telecom Business – Out from the Pack
Telecom Business – Out from the Pack 3Q17 Mobile Service Revenue1&2 YoY Change 3Q17 Spectrum Yield3 NT$mn/MHz 156 CHT FET TWM 119 98 -3.4% -4.0% -4.5% CHT FET TWM 3Q17 Telecom EBITDA2 YoY Change 3Q17 Telecom D&A YoY Change 3.3% 8.1% 1.9% CHT FET TWM CHT FET TWM -3.5% -3.5% -3.0% 3Q17 Telecom EBIT2 Y
Slide 5: CATV – Sequential Improvement
CATV – Sequential Improvement Total revenue(NT$bn) Blended ARPU(NT$) Subscriber Number(K) Cable Broadband subscription mix by speed 5
Slide 6: momo E-commerce - Stellar Growth
momo E-commerce - Stellar Growth E-commerce revenue E-commerce EBITDA (NT$bn) (NT$bn) E-commerce as % of total sales Mobile commerce1 as % of total E-commerce 1. Mobile commerce means online retail sales made through mobile devices. 6
Slide 7: Financial Overview
Financial Overview 7
Slide 8: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 3Q17 19.07 1.63 8.02 28.76 6.98 0.84 0.31 8.26 % of 66% 6% 28% 100% 84% 10% 4% 100% total 3Q17 -5% 0% 19% 1% -4% -3% 6% -4% YoY Ex-roaming YoY 2% -3% 6% 1% 1: The sum of each account of telecom, CATV and m
Slide 9: Results Summary
Results Summary 3Q17 1-3Q17 NT$bn % of % of 3Q Amount YoY Amount YoY full year guidance guidance Revenues 28.76 1% 97% 85.41 -1% 72% Costs (19.80) 4% 97% (58.36) 1% 71% Operating expenses (4.14) -4% 92% (12.26) -7% 68% Operating income 4.82 -5% 105% 14.79 -4% 80% Net non-oper. items (0.09) -27% 74%
Slide 10: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 3Q17 2Q17 3Q16 NT$bn 3Q17 2Q17 3Q16 Total Assets 146.41 146.58 151.26 Liabilities 83.36 87.41 88.76 Current Assets 30.50 30.18 32.41 Current Liabilities 44.54 48.50 51.34 - Cash & Cash Equivalents 5.97 6.18 6.57 - ST Debts 21.86 10.16 27.82 - Accounts Receivable 14.70 14
Slide 11: Cash Flow Analysis
Cash Flow Analysis NT$bn 3Q17 2Q17 3Q16 Operating Cash Flow 6.98 7.87 7.89 Investing Cash Flow (3.43) (2.84) (3.55) Financing Cash Flow (3.75) (6.78) (5.31) NT$bn 3Q17 2Q17 3Q16 Cash CAPEX (2.46) (2.43) (3.05) Free Cash Flow 4.51 5.43 4.84 11
Slide 12: Event Updates & Awards
Event Updates & Awards 12
Slide 13: Event Updates
Event Updates Following Chunghwa Telecom’s return of its 2G spectrum to the National Communication Commission (NCC) at the end of June and Taiwan Mobile’s termination of its 4G heterogeneous network service for 2G users at the end of August, TWM hence has expanded its LTE 1800MHz spectrum to 15MHz c
Slide 14: Awards and Recognition
Awards and Recognition Not only was Taiwan Mobile selected as a constituent of the prestigious Dow Jones Sustainability Index (DJSI) series for the sixth consecutive year, but this year for the first time Taiwan Mobile is listed among the companies in the DJSI World Index and is ranked 2nd among tel
Slide 15: Key Message
Key Message The end of 2G service and the expected rational pricing of the government’s licensing of the 1.8/2.1GHz spectrum will alleviate pressure on our depreciation. A more benign cable industry outlook coupled with the potential revenue acceleration aided by the completion of momo’s automated d
Slide 16: Q&A
Q&A 16