Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — 4Q24 Earnings Presentation
19 slides from Taiwan Mobile's earnings presentation, Feb 27, 2025
Slide 1: Taiwan Mobile Co., Ltd. 4Q24 Results Summary
Taiwan Mobile Co., Ltd. 4Q24 Results Summary Feb 27, 2025 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 o
Slide 3: Business Overview
Business Overview 3
Slide 4: 2024 Highlights
2024 Highlights Solid Growth in Mobile and Broadband Mobile Service Revenue Broadband Revenue +23% YoY* +15% YoY Consolidated Consolidated Net income Revenue & EBITDA Operating Income +9% & +19% YoY +15% YoY >10% YoY New highs! 11-year high! 2 years in a row! *YoY comparison reflects T Star’s contri
Slide 5: Mobile – Growth Engine #1
Mobile – Growth Engine #1 Smartphone ARPU Mobile Service Revenue (non-bundle) TWM +4% Alone YoY NT$16.35 bn Unique Bundles momobile Double Play OP Life 700 4G 666 669 653 655 5G 64% + 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24 Monthly Fee Uplift Stable Conversion Rate 5G Penetration of from R
Slide 6: Broadband – Growth Engine #2
Broadband – Growth Engine #2 Cable Broadband Subscriber 2024 Penetration Rate (TFNM+Double Play) YoY 74.7% 60.1% 65.0% ≥300Mbps +37% 53.8% <300Mbps Top 4 Top 4 TFNM MSO TFNM MSO 2023 2024 DTV Broadband Source: Market intelligence Broadband Revenue CATV EBITDA (NT$mn) (NT$mn) YoY YoY 602 +15% 791 +9%
Slide 7: momo
momo Revenue EBITDA (NT$mn) (NT$mn) YoY YoY 32,836 33,476 +2% +4% 1,705 1,776 4Q23 4Q24 4Q23 4Q24 Active Users EBITDA Margin 15.0% +11% 10.0% 5.2% 5.3% 5.0% YoY 0.0% 4Q24 -5.0% 4Q23 4Q24 7
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom momo CATV Total1 Telecom momo CATV Total1 4Q24 22.71 33.48 1.47 56.15 8.03 1.78 0.79 10.82 % of 40% 60% 3% 100% 74% 16% 7% 100% total 4Q24 10% 2% -7% 5% 16% 4% 9% 15% YoY 2024 84.85 112.56 5.89 199.37 32.97 5.65 3.16 42.52 % of 43% 56% 3% 100% 78%
Slide 10: Results Summary
Results Summary 4Q24 2024 NT$bn Amount QoQ YoY Amount YoY Revenues 56.15 19% 5% 199.37 9% Cash Cost & Expense (45.33) 24% 3% (156.85) 6% Operating Income 5.47 6% 22% 20.25 15% Non-op. Income (Exp.) (0.50) nm nm (0.72) 880% Pre-tax Income 4.97 -12% 1% 19.53 12% Net Income 3.45 -17% -4% 13.82 13% EPS
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 4Q24 3Q24 4Q23 NT$bn 4Q24 3Q24 4Q23 Total Assets 241.43 237.47 242.96 Liabilities 147.50 147.89 149.58 Current Assets 44.64 40.12 44.16 Current Liabilities 81.77 85.07 75.73 - Cash & Cash Equivalents 11.95 9.48 13.24 - ST Debts 41.70 46.78 35.05 - Receivable & Contract A
Slide 12: Cash Flow Analysis
Cash Flow Analysis NT$bn 4Q24 4Q23 2024 2023 Operating 8.89 7.69 36.05 29.06 Investing (2.26) 0.51 (14.90) (7.07) Financing (4.16) (6.14) (22.45) (23.67) NT$bn 4Q24 4Q23 2024 2023 Pre-IFRS 16 Operating1 7.73 6.45 30.79 24.53 Cash CAPEX (1.85) (1.43) (11.05) (8.10) Free Cash Flow 5.88 5.01 19.74 16.4
Slide 13: Event Updates
Event Updates 13
Slide 14: 2024 Earnings Distribution
2024 Earnings Distribution On February 27, Taiwan Mobile’s Board approved the proposal to distribute NT$13.6bn in cash dividends, translating to c.4% yield to shareholders. Dividend per share increased to NT$4.5 on 3.025bn shares, excluding treasury shares held by 100%-owned subsidiaries. 14
Slide 15: 2025 Guidance
2025 Guidance Consolidated revenue: up 8~10% YoY Telecom-related revenues: up 5~7% YoY Consolidated operating profit: up 7%~9% YoY Group capex: NT$8.58bn Telecom: NT$6.87bn Cable TV: NT$0.93bn momo & others: NT$0.78bn Note: Please refer to material information announcement for full details. 15
Slide 16: Awards and ESG Recognitions
Awards and ESG Recognitions TWM’s IDC achieved Taiwan Blue Carbon Mangrove DJSI World Index Top 3 in the telecom industry 100% renewable energy Restoration Project for 8 years in a row 6 years ahead of schedule to transform fish farms into carbon sinks DJSI Emerging Markets Index for 13 years in a r
Slide 17: Key Message
Key Message Taiwan Mobile delivered a record-breaking 2024, achieving all-time highs in consolidated revenues and EBITDA, along with robust growth across all key financial metrics. This success was fueled by our merger with T Star, sustained organic expansion, and our Telco+Tech strategy. Full-year
Slide 18: SIBASAK
SIBASAK Taiwan Mobile
Slide 19: Appendix: TWM – TST Merger
Appendix: TWM – TST Merger • The merger with T Star was effective on December 1, 2023. • Approximately 204mn new shares were issued, bringing total outstanding shares to 3,723mn (including 699mn treasury shares which are excluded from EPS calculation and dividend distribution). Combined Sub 6GHz Spe