Taiwan Mobile Co., Ltd. · TWSE:3045
Taiwan Mobile — Q3 2015 Earnings Presentation
15 slides from Taiwan Mobile's earnings presentation, Oct 29, 2015
Slide 1: Taiwan Mobile Co., Ltd. 3Q15 Results Summary
Taiwan Mobile Co., Ltd. 3Q15 Results Summary October 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: Continuous 4G Business Expansion
Continuous 4G Business Expansion 4G Postpaid Penetration Rate Mobile Service Revenue1 Mobile Postpaid ARPU1 +1.3% YoY Unit: NT$m +1.6% Unit: NT$ +3.2% YoY +2.8% +0.2% +0.3% 1. Based on IFRS – Residual Value Method, i.e. excluding revenue adjustments under the current bundle sales accounting policy 4
Slide 5: Steady Growth in the CATV Business
Steady Growth in the CATV Business (Unit: NT$bn) CATV 3Q15 3Q14 YoY Total Revenue 1.63 1.60 2% - Pay-TV related 1.11 1.10 1% - Cable Internet 0.32 0.31 5% - Content & Others 0.20 0.19 2% EBITDA 0.89 0.86 3% EBITDA Margin 54.4% 53.8% 0.6ppts
Slide 6: Retail Business
Retail Business (Unit: NT$bn) momo 1-3Q15 1-3Q14 YoY Total Revenue 18.79 17.56 7% - Online Shopping 12.47 10.86 15% - TV Home Shopping & Others 6.32 6.70 -6% EBITDA 0.91 1.18 -23% EBITDA Margin 4.9% 6.7% -1.8ppts Net Income 0.80 0.85 -5% 6
Slide 7: Financial Overview
Financial Overview 7
Slide 8: Results Summary
Results Summary 3Q15 1-3Q15 NT$mn % of 3Q Amount QoQ YoY Amount YoY Forecast Revenue 27,566 -3% -1% 89% 85,610 4% Cost (18,193) -5% -1% 86% (58,229) 9% Operating expense (4,229) -2% -3% 85% (12,949) -2% Operating income 5,144 4% 1% 104% 14,432 -7% Net non-oper. items (93) -21% -83% 35% (405) -48% In
Slide 9: Performance by Business
Performance by Business Revenue EBITDA NT$bn Telecom CATV momo Total Telecom CATV momo Total 3Q15 19.56 1.63 6.33 27.57 7.33 0.89 0.28 8.58 % of 71% 6% 23% 100% 85% 10% 3% 100% total 3Q15 -2% 2% 1% -1% 9% 3% -39% 6% YoY 2Q15 4% 3% 10% 5% 3% 4% -24% 2% YoY Note: The combined total of telecom, CATV an
Slide 10: Balance Sheet Analysis
Balance Sheet Analysis NT$bn 3Q15 2Q15 3Q14 3Q15 2Q15 3Q14 Total Assets 154.87 156.51 146.66 Liabilities 93.26 98.53 89.41 Current Assets 31.26 32.15 28.71 Current Liabilities 64.81 69.51 55.14 - Cash & Cash Equivalents 7.28 8.79 6.99 - ST Debts 42.37 31.25 28.17 - Accounts Receivable 15.90 15.28 14
Slide 11: Cash Flow Analysis
Cash Flow Analysis NT$bn 3Q15 2Q15 3Q14 Operating Cash Flow 7.25 5.44 7.59 Investing Cash Flow (4.44) (2.30) (3.66) Financing Cash Flow (4.33) (2.56) (2.94) NT$bn 3Q15 2Q15 3Q14 Cash CAPEX 2.96 3.57 3.59 Free Cash Flow 4.29 1.87 4.00 11
Slide 12: Event Updates
Event Updates 12
Slide 13: Event Updates
Event Updates New Product and Service Launched an annual upgrade program for iPhone 6s customers which 1) enables those customers to renew their contract with a subsidized next generation iPhone one year later by trading in their old iPhone 6s and 2) offers a handset warranty within the contract per
Slide 14: Key Message
Key Message The 6% and 11% YoY growth in EBITDA and net profit for 3Q15 reflects our solid execution of 4G strategy. We will continue to scale up our 4G business and strengthen our LTE network leadership through sensible spectrum investments aimed at enhancing both customer experience and shareholde
Slide 15: Q&A
Q&A 15