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1、 Chunghwa Telecom 11Q1Q 20252025Operating ResultsOperating ResultsMay 8,2025 Chunghwa Telecom 2DisclaimerDisclaimerSTATEMENT REGARDING UNAUDITED FINANCIAL INFORMATIONThe unaudited financial information under T-IFRSs in this presentation is preliminary and subject to adjustments and modifications.Adj

2、ustments and modifications to the financial statements may be identified during the course of the audit/review work,which could result in significant differences from this preliminary unaudited financial information.NOTE CONCERNING FORWARD-LOOKING STATEMENTSThis presentation contains forward-looking

3、 statements.These statements constitute“forward-looking”statements within the meaning of Section 27A of the Securities Act of 1933,as amended,and Section 21E of the Securities Exchange Act of 1934,as amended,and as defined in the U.S.Private Securities Litigation Reform Act of 1995.These forward-loo

4、king statements can be identified by terminology such as“will,”“expects,”“anticipates,”“future,”“intends,”“plans,”“believes,”“estimates”and similar statements.Statements that are not historical facts,including statements about Chunghwas beliefs and expectations,are forward-looking statements.Forward

5、-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.Investors are caut

6、ioned that actual events and results could differ materially from those statements as a result of a number of factors including,but not limited to the risks outlined in Chunghwas filings with the U.S.Securities and Exchange Commission on Forms F-1,F-3,6-K and 20-F,in each case as amended.The forward

7、-looking statements in this presentation reflect the current belief of Chunghwa as of the date of this presentation and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date,except as required under applicable law.

8、This presentation is not an offer of securities for sale in the United States.Securities may not be offered or sold in the United States absent registration or an exemption from registration.Any public offering of securities to be made in the United States will be made by means of a prospectus that

9、may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management,as well as financial statements.SPECIAL NOTE REGARDING NON-GAAP FINANCIAL MEASURESA body of generally accepted accounting principles is commonly referred to as GAAP.

10、A non-GAAP financial measure is generally defined by the SEC as one that purports to measure historical or future financial performance,financial position or cash flows but excludes or includes amounts that would not be so adjusted in the most comparable U.S.GAAP measure.We disclose in this report c

11、ertain non-GAAP financial measures,including EBITDA.EBITDA for any period is defined as consolidated net income(loss)excluding(i)depreciation and amortization,(ii)total net comprehensive financing cost(which is comprised of net interest expense,exchange gain or loss,monetary position gain or loss an

12、d other financing costs and derivative transactions),(iii)other expenses,net,(iv)income tax,(v)cumulative effect of change in accounting principle,net of tax and(vi)(income)loss from discontinued operations.In managing our business we rely on EBITDA as a means of assessing our operating performance.

13、We believe that EBITDA can be useful to facilitate comparisons of operating performance between periods and with other companies because it excludes the effect of(i)depreciation and amortization,which represents a non-cash charge to earnings,(ii)certain financing costs,which are significantly affect

14、ed by external factors,including interest rates,foreign currency exchange rates and inflation rates,which have little or no bearing on our operating performance,(iii)income tax and tax on assets and statutory employee profit sharing,which is similar to a tax on income and(iv)other expenses or income

15、 not related to the operation of the business.EBITDA is not a measure of financial performance under U.S.GAAP or T-IFRSs.EBITDA should not be considered as an alternate measure of net income or income from operations,as determined on a consolidated basis using amounts derived from statements of oper

16、ations prepared in accordance with U.S.GAAP or T-IFRSs,as an indicator of operating performance or as cash flows from operating activity or as a measure of liquidity.EBITDA has material limitations that impair its value as a measure of a companys overall profitability since it does not address certa

17、in ongoing costs of our business that could significantly affect profitability such as financial expenses and income taxes,depreciation,pension plan reserves or capital expenditures and associated charges.These non-GAAP measures are not in accordance with or an alternative for GAAP financial data,th

18、e non-GAAP results should be reviewed together with the GAAP results and are not intended to serve as a substitute for results under GAAP,and may be different from non-GAAP measures used by other companies.Chunghwa Telecom 3Recent Strategic Achievements Recent Strategic Achievements Strong financial

19、 position to support global expansion Strong EPS YoY growth in 1Q25,demonstrating our solid operation performance Harnessing rapidly changing global landscape to seize opportunities in global market A new office launched in Texas in May to support business developmentMultiple accolades in ESG,climat

20、e action,tech innovation,and corporate integrityFirst Taiwanese telco to win the Asian Telecom Awards Technology Innovation of the Year for“5G Smart Port”Ranked Top 5%for S&P Global ESG score in the Sustainability Yearbook 2025 for the 3rd consecutive yearSecured the highest“A”ranking from CDP for b

21、oth climate and supplier engagement leadership for the 2nd consecutive yearFirst Taiwanese telco to receive ISO 37001 anti-bribery certificationReinforcing“Sea,Land and Sky”network Realizing GEO satellite video calls based on the latest 3GPP communication protocol,advancing connection between Land a

22、nd Sky via GEO satellite and 5G communication Partnered with US company Astranis to launch Taiwans first dedicated MicroGEO satellite,complementing our existing multi-orbit architecture Announced investment in the new E2A submarine cable connecting Asia to North AmericaOPERATION HIGHLIGHTTECHNOLOGY

23、ADVANCEMENTESG EXCELLENCE Chunghwa Telecom 4Business OverviewBusiness Overview Chunghwa Telecom 5Business OverviewBusiness OverviewMobile ServiceCHTOthersa)Source：Company data as of Mar.2025.Consolidated Mobile Service Revenue(Including IoT)16.6416.7316.7516.8816.955545565525525530100200300400500600

24、051015201Q242Q243Q244Q241Q25Mobile Service Revenue090 Postpaid ARPU(Billion)b)Source:Company data,NCC statistics.Rev：Jan 2025 to Mar.2025.Sub：as of Mar.2025.Revenues definition from NCC(excluding IoT SIMs)CHTs Mobile revenue market share:40.5%CHTOthersCHTs Mobile subs(b)market share:39.1%CHTs 5Gsubs

25、(b)market share:38.7%090 Postpaid ARPU Mobile Revenue&Subs Market Share Monthly fee uplift from 4G42%Mobile service revenue(a)YoY+0.31 bn(1.9)090 Postpaid Sub.YoY+191k5G 090 Postpaid Sub.YoY+639k Chunghwa Telecom 6Business OverviewBusiness OverviewFixed Broadband ServiceARPU YoY Growth for 22 Consec

26、utive QuartersHigher-Speed Adoption Growth Note:(a)Revenue is calculated based on T-IFRSs4,397 4,406 4,419 4,428 4,432 31%32%33%34%36%01,0002,0003,0004,0001Q242Q243Q244Q241Q25(Thousand)Fixed Broadband Subscriber300M+Subscriber%11.18 11.39 11.32 11.4511.46781 790 786 793798010020030040050060070002468

27、10121Q242Q243Q244Q241Q25(Billion)Fixed Broadband RevenueFixed Broadband ARPUFixed Broadband Revenue(a)YoY+0.28bn/2.5%Fixed Broadband ARPU YoY+NT$16.5/2.1%300M+Subs YoY+215k/15.9%Chunghwa Telecom 7IPTV/MOD+OTT Business PerformanceConsumer Cybersecurity Subscriptions+20.7%YoY Fixed-Broadband+Mobile+Wi

28、-Fi Service package subscriptions+33.3%YoYConsumer Consumer ApplicationApplication ServicesServices1Q25 HighlightsSubscriptions surge due to promotion of World Baseball Classic 2025 Qualifiers；Subscriptions+12.5%YoY Multiple-Play Package PerformanceConsumer Cybersecurity Subscriptions1Q242Q243Q244Q2

29、41Q251Q242Q243Q244Q241Q251Q242Q243Q244Q241Q251Q242Q243Q244Q241Q251Q242Q243Q244Q241Q251Q242Q243Q244Q241Q25 Chunghwa Telecom 8Enterprise ICT PerformanceEnterprise ICT Performance1Q25 HighlightsEnterprise ICT Revenue+12.9%YoYYoY 40%CybersecurityYoY 13%Cloud ServiceIDCYoY 29%5G private networkYoY 10%YoY

30、 3%AIoTEmerging Application Revenue+17.6%YoY1Q242Q243Q244Q241Q25ICT RevenueICT Recurring RevenueSeized network resilience opportunities by securing a network integration contract worth over NT$1 billion from a leading financial holding company in Taiwan The first company in Taiwan to be honored as A

31、WS Premier Tier Service Partner,holding a record of nine AWS service certifications,demonstrating our leading cloud expertiseOutpaced competitors to secure Taipowers AMI expansion project contract to offer data analysis servicesThe exclusive winner from telecom industry to be honored with four major

32、 awards at CIO Taiwans 2025 Elite Vendor Awards,including Outstanding Service Provider for the fourth consecutive year Chunghwa Telecom 9International International PerformancePerformance1Q25 HighlightsSecured an ICT solution contract from a Taiwanese AIDC supplier for factory construction in the U.

33、S.Continuing to invest in international submarine cables,strengthening Taiwans position as an Asia-Pacific cable hub,enhancing network resilience,and driving steady growth in fixed-line business revenueE2A,the newly invested submarine cable,is expected to operate in 2028SJC2 and Apricot,the submarin

34、e cables under construction with 80%bandwidth sold,are scheduled to operate in 3Q25International Subsidiaries Revenue+8.2%YoY SEA Market(SG,VN,TH)U.S.Market SEA Market highlightOverseas ICT revenues from Southeast Asia market exhibited double-digit YoY growth in the first quarterDemand for ICT servi

35、ces from high-tech companies continued to develop in Southeast Asian marketU.S.Market highlightObserve rising business opportunities aligned with the growing Taiwanese investment in the U.S.Expect that opportunities from the relocation of AI supply chain will continue to grow to enhance IBGs perform

36、anceExpanded our Arizona office in April,followed by the launch of our Texas office in May Chunghwa Telecom 102.252.298.338.245.315.931.050.880481216201Q241Q25Mobile ServicesFixed-line ServicesICT BusinessOthers14.09 14.53 10.69 10.69 9.24 8.61 0.60 0.73 08162432401Q241Q25 Mobile ServicesFixed-line

37、ServicesSalesOthers1.271.270.841.020.300.150.00.51.01.52.02.51Q241Q25Fixed-line ServicesICT BusinessOthersConsumer Business Group34.5734.62Enterprise Business Group(Billion)17.3416.95International Business Group(Billion)2.412.44 CBGs core business(mobile+fixed-line)maintained strong growth momentum

38、despite a modest decrease in sales revenue due to seasonal factors EBGs ICT business demonstrated robust and continuous+11.6%YoY growth EBGs mobile service growth thanks to the ongoing 5G migration and an increase in text revenues Driven by clients global expansion,IBGs overseas ICT revenues+21.4%Yo

39、YBusiness GroupsBusiness Groups1Q25 Financial Summary(Billion)Note:(a)The calculation of growth rate is based on actual amount Income before tax+4.9%YoY Income before tax-3.8%YoY Income before tax+1.6%YoY Chunghwa Telecom 11Financial OverviewFinancial Overview Chunghwa Telecom 12Note:1.Financials ar

40、e prepared in accordance with T-IFRSs.Figures for 2025 are unaudited.2.Other income and expenses includes gains(losses)on disposal of property,plant and equipment(PP&E)and investment property,and impairment loss on PP&E and investment property.3.Net income attributable to owners of the parent.4.EBIT

41、DA is defined as consolidated net income excluding(i)depreciation and amortization,(ii)certain financing costs,(iii)other expenses or income not related to the operation of the business,(iv)income tax,(v)(income)loss from discontinued operations.5.The calculation of growth rates is based on NT$mn.In

42、come Statement HighlightsIncome Statement Highlights(NT$bn)Q1 2025Q1 2024Growth%Revenue55.81 54.94 1.6 Operating Costs and Expenses43.29 43.02 0.6 Other Income and Expenses2-Income from Operations12.52 11.92 5.0 Income before Tax12.69 11.99 5.9 Net Income39.80 9.39 4.3 EPS1.26 1.21 4.3 EBITDA422.53

43、21.83 3.2 EBITDA Margin(%)40.37%39.74%Chunghwa Telecom 13Balance Sheet HighlightsBalance Sheet HighlightsNote:1.Financials are prepared in accordance with T-IFRSs.Figures for 2025 are unaudited.2.The calculation of growth rates is based on NT$mn.3.Debt includes short-term and long-term liabilities.T

44、he debt ratio is defined as the ratio of total debt to total assets.4.Net Debt includes short-term loans+short-term bills payable+current portion of long-term loans+long-term loans+bonds payable cash and cash equivalents.(NT$bn)2025.03.312024.12.31Growth%Total Assets537.21 534.49 0.5 Cash&Cash Equiv

45、alents29.05 36.26-19.9 Other current monetary assets36.77 23.41 57.1 Property,plant and equipment286.59 289.84-1.1 Others184.80 184.98-0.1 Total Liabilities128.94 136.39-5.5 Accounts payable10.76 18.22-41.0 Other payables23.64 26.58-11.1 Others94.54 91.59 3.2 Total Equity408.27 398.10 2.6 Current Ra

46、tio(%)162.84 141.40 15.2 Debt Ratio(%)324.00 25.52-5.9 Net Debt/EBITDA(x)400 Chunghwa Telecom 14Note:1.Financials are prepared in accordance with T-IFRSs.Figures for 2024 are unaudited.2.Numbers or percentages are on cash basis.3.Free cash flow is calculated by subtracting CapEx from Net Cash Flows

47、from Operating Activities.Cash FlowCash Flow SummarySummary(NT$bn)Q1 2025Q1 2024Growth%Cash Flows from Operating Activities12.91 14.13-8.6%Capital Expenditures25.41 5.04 7.2%Mobile21.43 0.47 205.6%Non-Mobile23.98 4.57-13.0%Free Cash Flow37.50 9.09-17.4%Chunghwa Telecom 15Note:1.Financials are prepar

48、ed in accordance with T-IFRSs.Figures for 2024 are unaudited.2.Net income attributable to owners of the parent.3.EBITDA is defined as consolidated net income excluding(i)depreciation and amortization,(ii)certain financing costs,(iii)other expenses or income not related to the operation of the busine

49、ss,(iv)income tax,(v)(income)loss from discontinued operations.Operating ResultsOperating Results vs.vs.ForecastsForecasts(NT$bn)Q1 2025(A)Q1 2025（E）Achieving%2025(E)Achieving%Revenue55.8155.9056.1499.499.8232.70233.7023.924.0Income from Operations12.5211.1611.35110.3112.245.3046.7226.827.6Net Income29.808.818.99108.9111.235.8437.3926.227.3EPS1.261.141.16108.9111.24.624.8226.227.3EBITDA322.5321.1721.36105.5106.486.0387.4625.826.2EBITDA Margin(%)40.3737.8738.0536.9737.42 Chunghwa Telecom 16QQ&A A