Far Eastone Telecommunications Co., Ltd. · TWSE:4904

Far Eastone Telecommunications — FY2004 Earnings Presentation

16 slides from Far Eastone Telecommunications's earnings presentation, Feb 24, 2005

  1. Slide 1: 2004 Result Investor Update

    4904 (OTCT) 2004 Result Investor Update Jan Nilsson President February 24, 2005 6:00pm

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from those expressed or implied by these forward-looking statements. Beca

  3. Slide 3: Agenda

    Agenda I. Market Overview II. Operational Performance III. Financial Performance IV. Investment Highlights 3

  4. Slide 4: Balanced Taiwan Wireless Market Continue to Show Stable and Rational

    Balanced Taiwan Wireless Market Continue to Show Stable and Rational Wireless Wireless Market Market Revenue Revenue && Subs Subs && Outgoing Outgoing Minutes Minutes Total market service revenue Ï 5.3% (2004 vs. 2003) while FET+KGT Ï 9.4% Total market outgoing minutes Ï 8.3% (2004 vs. 2003) while F

  5. Slide 5: Gaining Market Share

    Gaining Market Share Solid #2 position – Closing the Gap on CHT 2003 2003 Service Service Revenue Revenue Share Share 2004 Service Revenue Share 38 38 37 37 Wireless Revenue Market Share (%) Wireless Revenue Market Share (%) 36 35.7% 36.1% 36 35 35 3.6% 34 33.3% 4.7% 34 33 33 32.5% 32 32 31.4% 31.0%

  6. Slide 6: Agenda

    Agenda I. Market Overview II. Operational Performance III. Financial Performance IV. Investment Highlights 6

  7. Slide 7: Operational Performance Continue to Generate Higher ARPU

    Operational Performance Continue to Generate Higher ARPU FET & KGT Blended ARPU vs. Peer Avg ARPU 900 827 846 811 823 819 805 795 790 779 800 730 700 705 706 707 716 FET & KGT 675654 694 700 651 666 676 Blended 626622 635 ARPU: 600 18% higher 500 than Peer 400 average 300 200 100 0 NT$ Jan04 Feb04 M

  8. Slide 8: Operational Performance Maintain Dominant Position in Data Use

    Operational Performance Maintain Dominant Position in Data Use Market MarketData DataRev Revvs. vs.FET+KGT FET+KGTData DataRev Rev 2004 Data % of Service Revenue FET Ç 30% vs. Market Ç18% (2004 vs. 2003) FET is the best-placed in Taiwan to FET commands 46% of market data rev share take advantage of

  9. Slide 9: Agenda

    Agenda I. Market Overview II. Operational Performance III. Financial Performance IV. Investment Highlights 9

  10. Slide 10: Quarterly Consolidated Financial Steady Revenue and Margin Growth

    Quarterly Consolidated Financial Steady Revenue and Margin Growth Service Service Revenue Revenue EBITDA EBITDA and and EBITDA EBITDA Margin Margin (%) (%) Service Rev QoQ È 1.8% Total Rev QoQ È 1.2% NT$ mm % 52.7% 55% 52.3% NT$ mm 9,000 50.7% 17,000 16,688 16,482 16,166 16,180 47.6% 47.7% 47.9% 47.

  11. Slide 11: Quarterly Consolidated Financial Maintain Profit Growth and Operation Efficiency

    Quarterly Consolidated Financial Maintain Profit Growth and Operation Efficiency Net Net Income Income and and Net Net Income Income Margin Margin Opex Opex && Opex Opex % % of of Service Service Rev Rev NT$ mm 4,500 25% NT$ mm % 22.9% 22.9% 5,000 28.4% 30% 26.0% 25.5% 4,000 20.6% 3,828 4,500 4,308

  12. Slide 12: Quarterly Consolidated Financial 2004 Other Key Financial Stats

    Quarterly Consolidated Financial 2004 Other Key Financial Stats (NT$ mm unless otherwise stated) 4Q 2004 3Q 2004 2Q 2004 1Q 2004 Cash & Cash Equivalents 8,503 3,601 8,841 2,680 Total Borrowing 22,783 26,320 32,585 28,199 Net Debt 14,280 22,719 23,744 25,519 Shareholders’ Equity 69,712 64,396 59,670

  13. Slide 13: Combined Financial Overview Comparison of 2003 vs. 2004

    Combined Financial Overview Comparison of 2003 vs. 2004 Balanced Growth & Profitability in All Aspects Compared to Peers Mobile Service Revenue Growth Service EBITDA Growth 15% 30% 24.4% 9.4% 25% 10% 20% 6.8% (%) 15% 12.5% (%) 5% 10% 0.4% 5% 0% N/A FET+KGT CHT TCC+TAT+MBT 0% -5% FET+KGT CHT TCC+TAT+

  14. Slide 14: Agenda

    Agenda I. Market Overview II. Operational Performance III. Financial Performance IV. Investment Highlights 14

  15. Slide 15: Key Investment Highlights

    Key Investment Highlights 1. Always deliver what we commit to the investor world 9 Maintain investor relations, keep financial transparency 9 Achieve Financial Forecast 2. High Quality Customer Base 9 Market leading ARPUs 9 Leading position in Data Usage 3. Strong dividend payout ratio: 80%+ 4. Movi

  16. Slide 16: Q&A

    Q&A For Further Information: Websites Email http://www.fareastone.com.tw http://www.fareastone.com.tw Investor Investor Relations Relations http://www.fetnet.net http://www.fetnet.net IR@fareastone.com.tw IR@fareastone.com.tw 16

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