Slide 1: Taiwan Mobile Co., Ltd. 4Q14 Results Summary
Taiwan Mobile Co., Ltd. 4Q14 Results Summary January 29, 2015 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: Mobile Operating Performance
Mobile Operating Performance 4G User Penetration Rate1 Mobile Service Revenue2 Unit: NT$mn +0.5% YoY Non-voice Revenue2 25% YoY Unit: NT$mn Note 1: 4G postpaid user number as % of postpaid installed base 2: Based on IFRS – Residual Value Method, i.e. excluding revenue adjustments under the current b
Slide 5: Steady CATV Business
Steady CATV Business Sub base 4Q14 ARPU YoY growth Analogue TV 1% $493 Cable Internet 5% $545 DTV 35% $133 Blended ARPU * $806 +2% YoY * Calculation based on total cable TV revenue excluding content agency revenue
Slide 6: Growing Online Shopping Business
Growing Online Shopping Business momo 4Q14 YoY 2014 YoY (Unit: NT$bn) Total Revenue 6.33 13% 23.90 16% - Online Shopping 4.11 24% 14.98 30% - TV Home Shopping & Others 2.22 -2% 8.92 -1% EBITDA 0.39 29% 1.56 50% EBITDA margin 6.1% +0.8ppts 6.5% +1.5ppts Note: momo announced the sale of its cosmetics
Slide 7: Financial Overview
Financial Overview 7
Slide 8: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total Telecom CATV momo Total 4Q14 22.22 1.61 6.33 30.19 5.96 0.86 0.39 7.26 % of 74% 5% 21% 100% 83% 12% 5% 100% total 4Q14 4% 2% 13% 6% -8% 6% 29% -5% YoY 3Q14 -3% 2% 23% 3% -4% 5% 113% 1% YoY Note: The combined total of telecom, CATV
Slide 9: Results Summary
Results Summary as % of 2014 NT$mn 4Q14 YoY 4Q14 YoY Full-year Guidance Revenue 30,194 6% 100% 112,624 4% Cost (21,456) 14% 98% (75,098) 8% Operating expenses (4,618) 1% 101% (17,815) 0% Operating income 4,120 -18% 106% 19,711 -6% Net non-operating items (68) -89% 12% (846) -49% Income before tax 4,
Slide 10: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 4Q14 3Q14 4Q13 4Q14 3Q14 4Q13 Total Assets 153.54 146.66 138.35 Liabilities 87.03 89.39 79.83 Current Assets 32.83 28.71 29.49 Current Liabilities 53.47 55.14 58.61 - Cash & Cash Equivalents 7.90 6.99 7.95 - ST Debts 26.70 28.17 34.00 - Accounts Receivable 15.02 14.77 14
Slide 11: Cash Flow Analysis
Cash Flow Analysis NT$bn 4Q14 3Q14 2014 2013 Operating Cash Flow 7.23 7.59 28.34 24.83 Investing Cash Flow (10.23) (3.66) (19.66) (42.37) Financing Cash Flow 3.90 (2.94) (8.74) 19.29 NT$bn 4Q14 3Q14 2014 2013 Cash CAPEX (4.07) (3.59) 14.70 12.01 Free Cash Flow 3.16 4.00 13.63 12.82 11
Slide 12: 2015 Guidance & Event Updates
2015 Guidance & Event Updates 12
Slide 13: 2015 Guidance
2015 Guidance NT$bn 2015F 2014A YoY Revenue 125.23 112.62 11% EBITDA 32.94 31.29 5% D&A Expense (13.99) (11.58) 21% Operating Income 18.95 19.71 -4% Non-operating Expense (1.48) (0.85) 75% Net Income 13.91 15.01 -7% EPS* (NT$) 5.05 5.56 -9% * EPS is based on total share counts of 2.756bn for 2015 an
Slide 14: Event Updates: Capex Guidance and Regulatory Update
Event Updates Capex Guidance The board today (January 29, 2015) approved a NT$13.9bn capex for 2015, including NT$9.8bn for mobile, NT$1.7bn for fixed-line, NT$0.9bn for CATV and NT$1.5bn for momo and other subsidiaries. Regulatory Update NCC has approved TWM’s 5MHz spectrum purchase from Ambit on J
Slide 15: Event Updates: Awards and Recognition
Event Updates Awards and Recognition − Named a recipient of “The Best of Asia: Icon on Corporate Governance” award for the second year in a row (2013~2014) − Received the international renowned Swiss SGS Qualicert certification for its quality direct stores channel and customer service system for th
Slide 16: Key Message
Key Message Taiwan Mobile will be reaping the benefits of the 4G LTE service in 2015 from the extra spectrum acquired on the 700 frequency band and more spectrum to be freed up on the 1800 frequency band. 16
Slide 17: Q&A
Q&A 17