Chunghwa Telecom Stories Un-Audited Consolidated Running Effects for the 3rd Quarter of 2024

TAIPEI, Nov. 6, 2024 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) these days reported its un-audited working effects for the 3rd quarter of 2024. All figures had been ready in keeping with Taiwan-World Monetary Reporting Requirements (“T-IFRSs”) on a consolidated foundation.

(Comparisons all over the click loose, except another way mentioned, are made with reference to the prior yr duration.)

3rd Quarter 2024 Monetary Highlights

• Overall income larger by way of 3.6% to NT$ 55.61 billion.
• Shopper Trade Workforce income larger by way of 2.1% to NT$ 34.43 billion.
• Undertaking Trade Workforce income larger by way of 5.9% to NT$ 17.60 billion.
• World Trade Workforce income larger by way of 1.4% to NT$ 2.37 billion.
• Overall working prices and bills larger by way of 4.8% to NT$ 44.23 billion.
• Running source of revenue diminished by way of 0.8% to NT$ 11.38 billion.
• EBITDA diminished by way of 0.5% to NT$ 21.26 billion.
• Web source of revenue as a consequence of stockholders of the father or mother diminished by way of 1% to NT$ 9.01 billion.
• Unadorned profits consistent with percentage (EPS) used to be NT$1.16.
• Running source of revenue, internet source of revenue as a consequence of stockholders of the father or mother, and EPS all exceeded our proposed steering.

“The Company delivered solid results in this quarter highlighted by exceptional operational performance across all business segments,” mentioned Mr. Chih-Cheng Chien, Chairman and CEO of Chunghwa Telecom. “We have set a new record for total revenue for the same quarter over the past seven years, reinforcing our leadership in Taiwan’s mobile market with a revenue market share of 40.3% and a subscriber share of 37.8%. Our blended 5G penetration rate continued to expand to 33.5%, maintaining leadership in Taiwan. Additionally, thanks to our expansion on cross-tier upgrade promotion package to include 1Gbps service offerings, our 1 Gbps subscriber net-adds doubled during the quarter.”

“Looking into the details of our three business groups, the Consumer Business Group maintained its healthy growth trajectory, driven by 5G migration and increasing postpaid subscribers, steady fixed broadband revenue, and higher OTT revenue from our exclusive broadcast of the Paris Olympic Games. We achieved double-digit year-over-year growth in video-related revenue, driven by the increasing subscriptions to our video platforms, which have exceeded 3 million,” stated Mr. Rong-Shy Lin, President of Chunghwa Telecom. “Our Enterprise Business Group performed as anticipated, driven by a robust 22% year-over-year growth in our ICT business revenue. Notably, revenue from 5G private networks and big data analysis surged significantly, fueled by the 5G O-RAN project and smart government initiatives. Furthermore, we are pleased with the performance of our International Business Group, where income before tax increased by 11% year-over-year, primarily driven by our overseas ICT business. Excitingly, our European subsidiary in Frankfurt commenced operations on July 30, and we are well-prepared to offer ICT solutions to high-tech European markets,” added Mr. Lin.

“In terms of development of advanced networks and technologies, Chunghwa Telecom continues to lead the industry by initiating the world’s first IOWN APN between Taiwan and Japan with NTT Group during the quarter. We are also the exclusive provider of OneWeb low-earth-orbit satellite, with more than 90% coverage in Taiwan by the third quarter,” Mr. Chien persevered. “On the ESG front, we have received SBTi’s verification for our Net-Zero greenhouse gas emissions target, making us the first operator in Taiwan to commit to achieving Net-Zero by 2045, ahead of the world roadmap of 2050. Additionally, we have obtained carbon footprint verification for all of our service centers nationwide, distinguishing us as the only telecom company in Taiwan to achieve this milestone. We remain dedicated to leading the way in ESG best practices.”

“Our solid performance across various sectors underscores our commitment to providing high-quality, advanced, and convenient telecom services. We remain confident that our new management team will continue to drive our progress and create value for our stakeholders,” Mr. Chien added.

Earnings

Chunghwa Telecom’s general revenues for the 3rd quarter of 2024 larger by way of 3.6% to NT$ 55.61 billion.

Shopper Trade Workforce’s income for the 3rd quarter of 2024 larger by way of 2.1% YoY to NT$ 34.43 billion. Cell carrier income larger 3% YoY, basically because of 5G migration and lengthening postpaid subscribers, the secure expansion of constant broadband income, and the rise of OTT income generated from our unique broadcast of the Paris Olympic Video games. Gross sales income larger 1.3% YoY basically because of the establishing of iPhone 16 order. CBG’s source of revenue earlier than tax diminished 0.6% YoY, basically because of the one-time broadcasting rights rate of the Paris Olympic Video games.

Undertaking Trade Workforce’s income for the 3rd quarter of 2024 larger 5.9% YoY to NT$ 17.60 billion, basically pushed by way of our powerful expansion in ICT trade, which noticed a 22% year-over-year building up in income, fueled by way of the sturdy efficiency of our rising services and products. The lessen in cellular and glued tonality services and products offset the expansion of 5G migration and velocity upgrades, to bring about a minute year-over-year scale down in EBG’s cellular and fixed-line revenues within the 3rd quarter, time source of revenue earlier than tax additionally skilled a year-over-year scale down.

World Trade Workforce’s income for the 3rd quarter of 2024 larger by way of 1.4% to NT$ 2.37 billion, time its source of revenue earlier than tax larger 11% YoY. The certain expansion used to be basically because of the colourful call for for ICT trade within the world marketplace.

Running Prices and Bills

Overall working prices and bills for the 3rd quarter of 2024 larger by way of 4.8% to NT$ 44.23 billion, basically because of upper manpower value and the one-time broadcasting rights rate of the Paris Olympic Video games.

Running Source of revenue and Web Source of revenue

Running source of revenue for the 3rd quarter of 2024 diminished by way of 0.8% to NT$ 11.38 billion. The working margin used to be 20.5%, as in comparison to 21.4% in the similar duration of 2023. Web source of revenue as a consequence of stockholders of the father or mother diminished by way of 1% to NT$ 9.01 billion. Unadorned profits consistent with percentage used to be NT$1.16.

Money Stream and EBITDA

Money stream from working actions, as of September 30^th, 2024, diminished by way of 0.3% yr over yr to NT$ 49.76 billion, basically because of a get up in agreement of tax bills, which have been deferred to This autumn latter yr.

Money and coins equivalents, as of September 30^th, 2024, diminished by way of 2.5% to NT$ 31.22 billion as in comparison to that as of September 30^th, 2023.

EBITDA for the 3rd quarter of 2024 used to be NT$ 21.26 billion, reducing by way of 0.5% yr over yr. EBITDA margin used to be 38.23%, as in comparison to 39.84% in the similar duration of 2023.

Trade Highlights

Cell

As of September 30^th, 2024, Chunghwa Telecom had 13.01 million cellular subscribers, representing a nil.6% year-over-year building up. Within the 3rd quarter, general cellular carrier income larger by way of 2% to NT$ 16.75 billion, time cellular post-paid ARPU except IoT SIMs maintained solid and flat yr over yr at NT$ 552.

Mounted Broadband/HiNet

As of September 30^th, 2024, the choice of broadband subscribers fairly larger by way of 0.7% to 4.42 million. The choice of HiNet broadband subscribers larger by way of 1.3% to a few.73 million. Within the 3rd quarter, general constant broadband income grew 3.4% yr over yr to NT$ 11.32 billion, time ARPU larger 1.5% to NT$ 786.

Mounted crease

As of September 30^th, 2024, the choice of fixed-line subscribers used to be 8.95 million.

Monetary Statements

Monetary statements and supplementary operational information can also be discovered at the Corporate’s website online at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings

NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press loose comprises forward-looking statements. Those statements represent “forward-looking” statements throughout the which means of Division 27A of the Securities Operate of 1933, as amended, and Division 21E of the Securities Alternate Operate of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Operate of 1995. Those forward-looking statements can also be known by way of terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and homogeneous statements. Statements that aren’t historic info, together with statements about Chunghwa’s ideals and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties that might reason latest effects to fluctuate materially from the forward-looking statements. Various impressive components may reason latest effects to fluctuate materially from the ones contained in any forward-looking remark. Buyers are cautioned that latest occasions and effects may fluctuate materially from the ones statements on account of numerous components together with, however no longer restricted to the hazards defined in Chunghwa’s filings with the U.S. Securities and Alternate Fee on Methods F-1, F-3, 6-Ok and 20-F, in each and every case as amended. The forward-looking statements on this press loose mirror the tide trust of Chunghwa as of the time of this press loose and Chunghwa undertakes disagree legal responsibility to replace those forward-looking statements for occasions or cases that happen next to such time, excluding as required underneath acceptable regulation.

This press loose isn’t an deal of securities on the market in the US. Securities might not be presented or offered in the US absent registration or an exemption from registration. Any people providing of securities to be made in the US will probably be made by way of a prospectus that can be got from the issuer or promoting safety holder and that can include realistic to life details about the corporate and control, in addition to monetary statements.

NON-GAAP FINANCIAL MEASURES

To complement the Corporate’s consolidated monetary statements offered in keeping with World Monetary Reporting Requirements pursuant to the necessities of the Monetary Supervisory Fee, or T-IFRSs, Chunghwa Telecom additionally supplies EBITDA, which is a “non-GAAP financial measure”.  EBITDA is outlined as consolidated internet source of revenue (loss) except (i) depreciation and amortization, (ii) general internet complete financing value (which is made from internet pastime expense, change acquire or loss, financial place acquire or loss and alternative financing prices and by-product transactions), (iii) alternative source of revenue, internet, (iv) source of revenue tax, (v) (source of revenue) loss from discontinued operations.

In managing the Corporate’s trade, Chunghwa Telecom is based on EBITDA as a way of assessing its working efficiency as it excludes the impact of (i) depreciation and amortization, which represents a non-cash fee to profits, (ii) sure financing prices, which might be considerably suffering from exterior components, together with rates of interest, foreign currencies change charges and inflation charges, that have tiny or disagree touching on our working efficiency, (iii) source of revenue tax (iv) alternative bills or source of revenue no longer alike to the operation of the trade. 

CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES

Along with the consolidated monetary effects ready underneath T-IFRSs, Chunghwa Telecom additionally grant non-GAAP monetary measures, together with “EBITDA”. The Corporate believes that the non-GAAP monetary measures grant traders with some other mode for assessing its working leads to a fashion this is centered at the efficiency of its ongoing operations.

Chunghwa Telecom’s control believes traders will take pleasure in higher transparency in referring to those non-GAAP monetary measures when assessing the Corporate’s working effects, in addition to when forecasting and examining life classes. Then again, the Corporate admires that:

• those non-GAAP monetary measures are restricted of their importance and will have to be thought to be handiest as a complement to the Corporate’s T-IFRSs monetary measures;
• those non-GAAP monetary measures will have to no longer be thought to be in isolation from, or as an alternative choice to, the Corporate’s T-IFRSs monetary measures;
• those non-GAAP monetary measures will have to no longer be thought to be to be stunning to the Corporate’s T-IFRSs monetary measures; and
• those non-GAAP monetary measures weren’t ready in keeping with T-IFRSs and traders will have to no longer suppose that the non-GAAP monetary measures offered on this profits loose had been ready underneath a complete algorithm or idea.

Additional, those non-GAAP monetary measures could also be distinctive to Chunghwa Telecom, as they could also be other from non-GAAP monetary measures impaired by way of alternative corporations. As such, this presentation of non-GAAP monetary measures would possibly not make stronger the comparison of the Corporate’s effects to the result of alternative corporations. Readers are cautioned to not view non-GAAP effects as an alternative choice to effects underneath T-IFRSs, or as being related to effects reported or forecasted by way of alternative corporations.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Company”) is Taiwan’s biggest built-in telecommunications services and products corporate that gives fixed-line, cellular, broadband, and web services and products. The Corporate additionally supplies knowledge and communique generation services and products to company consumers with its heavy information, knowledge safety, cloud computing and IDC functions, and is increasing its trade into leading edge generation services and products corresponding to IoT, AI, and so forth. Chunghwa has been actively and regularly applied environmental, social and governance (ESG) projects with the objective to reach sustainability and has gained diverse world and home awards and recognitions for its ESG loyalty and absolute best practices. For more info, please seek advice from our website online at www.cht.com.tw

Touch: Angela Tsai

Telephone: +886 2 2344 5488

Electronic mail: [email protected]

SOURCE Chunghwa Telecom

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