Chunghwa Telecom Co Ltd (NYSE:CHT)

Q4 2024 Chunghwa Telecom Co Ltd Earnings Call Transcript

Jan 23, 2025 / 07:00AM GMT

Release Date Price: $38.81 (+2.59%)

Transcript

Key Points

Positve

Chunghwa Telecom Co Ltd (CHT) reported a seven-year high in revenue and EPS for 2024, driven by robust growth across all business sectors.
The company maintained its leading position in Taiwan's mobile market with a 37.9% subscriber share and a 38.8% 5G subscriber share.
Fixed broadband revenue and ARPU increased by 2.9% and 1.7% year-over-year, supported by successful speed upgrade strategies.
The ICT business saw a 24.1% year-over-year growth, with significant contributions from IDC, cloud, and cybersecurity services.
Chunghwa Telecom Co Ltd (CHT) was included in the Dow Jones Sustainability World Index and Newsweek's list of the world's most trustworthy companies for 2024, highlighting its commitment to sustainability and responsible business growth.

Negative

International business group revenue dipped by 2.3% due to a decline in international voice revenue.
Despite growth in ICT and mobile services, the enterprise business group's core business performance was relatively flat year-over-year.
The company faces ongoing challenges with declining mobile voice and fixed voice revenues.
Operating costs and expenses are expected to rise by 2.4% in 2025, driven by investments in talent and infrastructure, as well as higher electricity costs.
Non-mobile CapEx is projected to increase by 25.2% in 2025, which may impact financial flexibility if not managed effectively.

Operator

Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom conference call for the company's fourth-quarter 2024 operating results. (Operator Instructions) And for your information, this conference call is now being broadcasted live over the Internet and webcast replay will be available within an hour after the conference is finished. Please visit CHT IR website, www.cht.com.tw/ir under the IR Calendar section.

And now, I would like to turn the call over to Ms. Angela Tsai, Assistant Vice President of Investor Relations. Thank you. Ms. Tsai, please go ahead.

Angela Tsai

Chunghwa Telecom Co Ltd - Assistant Vice President of Investor Relations

Thank you. I'm Angela Tsai, Assistant Vice President of the Financial Department for Chunghwa Telecom. Welcome to our fourth-quarter 2024 results conference call. Joining me on the call today are our President, Rong-Shy Lin; and our Chief Financial Officer, Audrey Hsu.

During today's call, management will begin by providing the CEO

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