Chunghwa Telecom Co., Ltd · TWSE:2412
Chunghwa Telecom — Q4 2024 Earnings Presentation
20 slides from Chunghwa Telecom's earnings presentation, Feb 18, 2025
Slide 1: 4Q 2024 Operating Results
4Q 2024 Operating Results JPMorgan Taiwan CEO-CFO Conference February 18, 2025 Taipei 1 © Chunghwa Telecom
Slide 2: Disclaimer
Disclaimer STATEMENT REGARDING UNAUDITED FINANCIAL INFORMATION The unaudited financial information under T-IFRSs in this presentation is preliminary and subject to adjustments and modifications. Adjustments and modifications to the financial statements may be identified during the course of the audi
Slide 3: Recent Strategic Achievements
Recent Strategic Achievements Full-year financial performance hit a seven-year high Operating income, income before tax, and EPS all exceeded the high-end of the full-year guidance Total revenue reached a seven-year peak Accumulated EPS achieved its 5th consecutive year of annual growth, hitti
Slide 4: Business Overview
Business Overview © Chunghwa Telecom 4
Slide 5: Committed to Improving Shareholder Value
Committed to Improving Shareholder Value Cash Return NT$ bn 2024 AGM resolved to distribute 40.00 NT$36.9 billion to shareholders 35.00 30.00 NT$4.758 per share 25.00 20.00 payout ratio 100% 35.7 36.5 36.9 33.4 15.00 10.00 5.00 0.00 2021 2022 2023 2024 Note: a) 1 ADR = 10 common shares b) The re
Slide 6: Business Overview: Mobile Service
Business Overview Mobile Service Mobile Revenue & Subs 090 Postpaid ARPU Market Share Monthly fee uplift from 4G Mobile service revenue(a) YoY + 0.28 bn (1.7％) ▲ 45% CHT’s Mobile revenue (Billion) market share: 40.4% 20 556 554 556 552 552 600 500 15 400 10 300 16.59 16.64 16.73 16.75 16.88 200 CHT
Slide 7: Business Overview: Fixed Broadband Service
Business Overview Fixed Broadband Service ARPU YoY Growth for Higher-Speed Adoption Growth 21 Consecutive Quarters (a) Fixed Broadband Revenue YoY + 0.33bn / 2.9% 300M+ Subs YoY + 229k / 17.7% Fixed Broadband ARPU YoY + NT$13.1 / 1.7% (Billion) (Thousand) 780 781 790 786 793 12 4,403 4,397 4,4
Slide 8: Segment Reporting
Segment Reporting © Chunghwa Telecom 8
Slide 9: Consumer Business Group (CBG) 4Q24 Financial Summary
Consumer Business Group (CBG) 4Q24 Financial Summary Income before tax increased NT$0.77 billion Revenue Mobile service revenue of CBG +3.0% YoY due to 5G migration as well as continued growth of YoY ▲ 0.79 bn (2.2%) postpaid subscribers (Billion) 36.54 37.33 40 0.81 0.90 Fixed broadband revenue 11.
Slide 10: Consumer Business Group (CBG) 4Q24 Highlights
Consumer Business Group (CBG) 4Q24 Highlights Multiple-Play Package IPTV + OTT Consumer Cybersecurity Performance Business Performance Subscriptions Fixed-Broadband + Mobile Subscription YoY +15.2% Consumer Cybersecurity + Wi-Fi Service package thanks to the popular Subscriptions + 22 % YoY subscrip
Slide 11: Enterprise Business Group (EBG) 4Q24 Financial Summary
Enterprise Business Group (EBG) 4Q24 Financial Summary Income before tax decreased NT$0.36billion EBG revenue increased by 2.22 Revenue billion (+10.2%) YoY mainly driven by the strong ICT business YoY ▲ 2.22 bn (10.2%) (Billion) Major growth drivers, such as IDC, 28 cloud, and cybersecurity service
Slide 12: Enterprise Business Group (EBG) 4Q24 Highlights
Enterprise Business Group (EBG) 4Q24 Highlights Emerging Enterprise Application Recurring revenue from our emerging Revenue 23% YoY enterprise applications +22% YoY, with all service offerings achieving positive growth Developed Taiwan’s first integrated 5G smart unmanned vehicle solution to be op
Slide 13: International Business Group (IBG) 4Q24 Financial Summary
International Business Group (IBG) 4Q24 Financial Summary Income before tax increased NT$0.02 billion Secured capacity at the under- Revenue construction IDC for a well-known global hyper-scaler to cater to IDC (a) strong demand and ensure CHT’s (Billion) YoY ▼0.06 bn (2.3%) long-term stable revenue
Slide 14: Financial Overview
Financial Overview © Chunghwa Telecom 14
Slide 15: Income Statement Highlights
Income Statement Highlights (NT$bn) Q42024 Q42023 Growth% 2024 2023 Growth% Revenue 65.35 61.87 5.6 230.03 223.20 3.1 Operating Costs and Expenses 53.83 50.78 6.0 183.27 176.21 4.0 Other Income and Expenses2 0.13 -0.64 120.7 0.12 -0.64 119.2 Income from Operations 11.65 10.45 11.5 46.88 46.35 1.1 In
Slide 16: Balance Sheet Highlights
Balance Sheet Highlights (NT$bn) 2024.12.31 2023.12.31 Growth% Total Assets 534.53 523.94 2.0 Cash & Cash Equivalents 36.28 33.82 7.3 Other current monetary assets 23.42 20.35 15.1 Property, Plant, and Equipment 289.84 292.34 -0.9 Long-term Investments 16.73 13.90 20.4 Total Liabilities 136.43 129.0
Slide 17: Cash Flow Summary
Cash Flow Summary (NT$bn) 2024 2023 Growth% Cash Flows from Operating Activities 79.17 74.56 6.2% Capital Expenditures2 28.82 30.74 -6.2% Mobile2 9.67 11.46 -15.6% Non-Mobile2 19.15 19.28 -0.7% Free Cash Flow3 50.35 43.82 14.9% Note: 1. Financials are prepared in accordance with T-IFRSs. Figures for
Slide 18: Operating Results vs. Forecasts
Operating Results vs. Forecasts Q4 2024 Q4 2024 Achieving 2024 2024 Achieving (NT$bn) (A) (E) % (A) (E) % Revenue 65.35 63.69~64.33 101.6~102.6 230.03 228.54~230.19 99.9~100.7 Operating Costs 53.83 52.30~52.68 102.2~102.9 183.27 183.30~184.27 99.5~100.0 and Expenses Income from 11.65 11.39~11.90 98.
Slide 19: Financial Forecasts for 2025
Financial Forecasts for 2025 Consolidated (NT$bn) 2025 (E) 2024 (A) Growth % Revenues 232.74~233.74 230.03 1.2~1.6 Operating Costs and Expenses 187.58~187.65 183.27 2.4~2.4 Income from Operations 45.30~46.72 46.88 (3.4)~(0.3) Net Income2 35.84~37.39 37.21 (3.7)~0.5 EPS 4.62~4.82 4.80 (3.8)~0.4 EBITD
Slide 20: Q&A
Q&A © Chunghwa Telecom 20