Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q2 2021 Earnings Presentation
17 slides from Taiwan Mobile's earnings presentation, Aug 5, 2021
Slide 1: Taiwan Mobile Co., Ltd. 2Q21 Results Summary
Taiwan Mobile Co., Ltd. 2Q21 Results Summary August 5th 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: 2Q21 Highlights
2Q21 Highlights Telecom EBITDA Robust e-commerce Solid revenue growth turned YoY positive momentum despite WFH Consolidated +10% YoY EBITDA 2Q21 4
Slide 5: 5G Mobile Business – Growth Engine #1
5G Mobile Business – Growth Engine #1 2Q21 results Service Adoption 5G Upselling Postpaid Smartphone Penetration Postpaid ARPU turned YoY positive Differentiated Bundles Postpaid Churn 1.18% Double Play & momobile 0.96% 0.85% 0.77% 2019 2020 1Q21 2Q21 5
Slide 6: momo – Growth Engine #2
momo – Growth Engine #2 Revenue YoY EBITDA (NT$m) (NT$m) YoY +41% +103% -2% +19% Total Others +45% +129% E-commerce Satellite E-commerce E-commerce Warehouses (#) Total Transaction (#) 15.0% Profitability 23 10.0% +48% EBITDA 5.5% Margin 3.5% +6 YoY 5.0% YoY 2Q21 2Q21 0.0% 2Q20 2Q21 -5.0% 6
Slide 7: Broadband – Growth Engine #3
Broadband – Growth Engine #3 2Q21 Basic TV Subscribers 2Q21 Penetration Rate 53.4% 50.2% ('000) Subscribers YoY 44.6% 41.2% TFNM 542 -1.7% Top 4 Top 4 TFNM MSO TFNM MSO Top 4 MSO 3,409 -2.6% DTV BB Source: Market intelligence Source: Market intelligence Revenue EBITDA (NT$mn) YoY (NT$mn) YoY Total +
Slide 8: Accelerated Transformation amid COVID-19
Accelerated Transformation amid COVID-19 May 2021 Post-pandemic Level 3 Alert Change of Hybrid Working Style Workplace Work From Home Back office and Northern New Work Model Taiwan customer service >90% • WFH to continue • Shared Workspace Store Traffic • Virtual Channels Decreased initially but Sta
Slide 9: Financial Overview
Financial Overview 9
Slide 10: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total1 Telecom CATV momo Total1 2Q21 15.06 1.55 22.26 38.42 6.28 0.73 1.34 8.49 % of 39% 4% 58% 100% 74% 9% 16% 100% total 2Q21 4.9% 0.5% 40.6% 22.6% 1.5% -1.1% 103.0% 10.1% YoY 1Q21 1.8% 0.6% 21.6% 10.9% -9.1% -0.4% 42.6% -3.1% YoY 1. T
Slide 11: Results Summary
Results Summary 2Q21 NT$bn Amount QoQ YoY Revenues 38.42 9% 23% Cash Cost & Expense (29.93) 9% 27% Operating Income 4.26 17% 3% Non-op. Income (Exp.) (0.14) nm 2741% Pre-tax Income 4.12 13% 0% Net Income 2.84 0% -7% EPS1 (NT$) 1.01 0% -6% EBITDA 8.49 8% 10% 1. EPS is based on share count of 2.814bn
Slide 12: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 2Q21 1Q21 2Q20 NT$bn 2Q21 1Q21 2Q20 Total Assets 188.93 185.00 177.39 Liabilities 122.63 109.61 110.89 Current Assets 35.79 31.69 30.27 Current Liabilities 68.35 55.35 60.18 - Cash & Cash Equivalents 15.75 11.36 8.24 - ST Debts 24.14 25.13 21.69 - Receivable & Contract A
Slide 13: Cash Flow Analysis
Cash Flow Analysis NT$bn 2Q21 1Q21 2Q20 Operating 10.03 6.00 7.47 Investing (3.40) (2.33) (1.54) Financing (2.23) (3.08) (6.79) NT$bn 2Q21 1Q21 2Q20 Pre-IFRS 16 Operating1 9.03 4.95 6.50 Cash CAPEX2 (3.39) (2.93) (1.90) Free Cash Flow2 5.65 2.01 4.60 1. “Lease expenses” previously under operating ac
Slide 14: Event Updates
Event Updates 14
Slide 15: Awards and Recognitions
Awards and Recognitions The first telecom service provider in Taiwan to reach 50% 5G population coverage, certified by the National Communications Commission (NCC). Honored with Global Views Monthly’s “ESG Comprehensive performance – Telecom Industry” award for 3 consecutive years and received the 2
Slide 16: Key Message
Key Message We have weathered through telecom EBITDA compression and restored its YoY growth in 2Q21, while accelerating momo’s EBITDA upswing. This turnaround in our operations shows our strategic resilience amid the pandemic. The societal shift to “everything from home”, where the world increasing
Slide 17: Taiwan Mobile
SIBASAK Taiwan Mobile