Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q2 2013 Earnings Presentation
16 slides from Taiwan Mobile's earnings presentation, Jul 30, 2013
Slide 1: Taiwan Mobile Co., Ltd. 2Q13 Results Summary
Taiwan Mobile Co., Ltd. 2Q13 Results Summary July 30, 2013 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: Higher Mobile Revenue Growth
Higher Mobile Revenue Growth TWM Mobile Service Revenue Revenue YoY Change Peer Comparison Unit: NT$mn NT$mn CHT FET TWM 2Q13 19,048 15,344 15,899 2Q12 18,090 14,912 14,902 YoY 5% 3% 7% Voice Revenue 2Q13 YoY -6% -8% -3% VAS Revenue 2Q13 YoY 34% 29% 32% * Based on IFRS – Residual Value Method, i.e.
Slide 5: Our Smartphone Strategy
Our Smartphone Strategy Smartphone as % of total Current exclusive models handsets sold Sony Huawei Samsung BB BB Z10 Sony Xperia P Xperia ZR Ascend P6 Grand Duos Bold 9790 Mobile data adoption rate TWM LG Nokia Sony Samsung Samsung HTC Amazing L4 II Lumia 720 Sola Ace II Ace One SV A6 TWM TWM TWM T
Slide 6: CATV Growth Catalysts
CATV Growth Catalysts Basic TV Digital TV Sub base Cable Internet 2Q13 ARPU Subscription Subscription YoY growth 176K subs 98K subs 582K subs Analogue TV 1% $493 Cable 8% $544 internet Penetration rates DTV 58% $140 Blended $779 +2% YoY ARPU * * Calculation based on total cable TV revenue excluding
Slide 7: New Products & Services
New Products & Services Mobile Cable TV / broadband − “Super Save 250/349/549” – rate plans Introduced the high-speed 100Mbps cable with the widest range of 30 smartphone internet service, available for over 90% of models for bundling in the industry the households in TWM’s service areas, for − “NT$
Slide 8: Financial Overview
Financial Overview 8
Slide 9: Results Summary
Results Summary as % of NT$mn 2Q13 YoY 1H13 1H13 Guidance Revenue 26,770 12% 53,327 99% Telecom revenue1 14,981 2% 29,554 99% Cost (16,823) 16% (33,697) 96% Operating expenses (4,639) 9% (9,335) 102% Operating income 5,308 3% 10,296 108% Net non-operating items (464) 177% (748) 162% Income before ta
Slide 10: Divisional Performance
Divisional Performance Revenue EBITDA NT$bn momo momo Total CBG EBG HBG & Total CBG EBG HBG & Others Others 2Q13 17.46 2.74 1.55 5.03 26.77 5.73 1.03 0.83 0.19 7.78 % of 65% 10% 6% 19% 100% 74% 13% 11% 2% 100% total 2Q YoY 10% 6% 2% 26% 12% 1% 15% 2% 3% 2% 1Q YoY 5% -1% 2% 21% 7% -3% 21% 2% -34% -2%
Slide 11: Balance Sheet Analysis
Balance Sheet Analysis 2Q13 1Q13 2Q12 2Q13 1Q13 2Q12 NT$bn IFRS IFRS IFRS IFRS IFRS IFRS Total Assets 111.86 104.42 97.21 Liabilities 61.40 42.76 47.77 Current Assets 32.85 26.21 21.77 Current Liabilities 42.36 29.67 40.27 - Cash & Cash Equivalents 11.28 7.11 4.76 - ST Debts 4.77 7.42 5.85 - Account
Slide 12: Cash Flow Analysis
Cash Flow Analysis 2Q13 1Q13 2Q12 NT$bn IFRS IFRS IFRS Operating Cash Flow 7.38 3.94 6.35 Investing Cash Flow (5.07) (4.31) (3.07) Financing Cash Flow 2.89 0.25 (4.01) 2Q13 1Q13 2Q12 NT$bn IFRS IFRS IFRS Cash CAPEX (2.67) (3.97) (1.69) Free Cash Flow 4.71 (0.03) 4.66 12
Slide 13: Event Updates & Key Message
Event Updates & Key Message 13
Slide 14: Awards and Recognition
Awards and Recognition TWM has outperformed its local peers by being named as a recipient of “The Best of Asia: Icon on Corporate Governance, Taiwan region” in recognition of its continuous excellence, the highest honor given by Corporate Governance Asia (CGA) magazine. This marks the seventh year i
Slide 15: Key Message
Key Message As expected, we achieved our goals for the first half and have recently completed the spinoff of our direct stores. Looking ahead, the most important task for all the telcos will be the 4G spectrum auction. TWM is confident in its preparation for the challenge. 15
Slide 16: Q&A
Q&A 16