某某电信营运报告

2005年上半年營運報告中華電信

ChunghwaTelecom2023/1/130本報告係由中華電信股份有限公司（以下簡稱本公司）提供，報告中之資訊並未被獨立簽證。因此本報告中之資訊或意見並未明示或暗示陳述或保證其具有公正性、準確性、完整性或隨時更新，亦非完全可信賴。報告中之資訊係以發布時點之環境變動為考量，日後亦不可能為反映此時點後之重大發展狀況而更正相關資訊。本公司、轄屬機構、關係人、代表均不就使用（例如疏忽或其他情況）本報告資訊或其內容或其他與本份報告有關資訊所引發之損害負責。本報告之陳述可能會表達出本公司對未來願景之信心與期望，但這些前瞻性之陳述係建立在若干與本公司營運及超出本公司管控因素外之假設條件上，因此，實際結果與上開前瞻性陳述可能有很大的差異。本報告並不構成在美國、中華民國或任何其他地方購買或申購本公司股票之要約或要約之引誘或認購，本報告之任一部分非可成立契約，亦不得作為承諾之依據。未經美國證管會註冊或經豁免註冊，本公司股票不可能出售，本公司為在美國銷售股票業已登錄註冊在案，在美國公開發行股票只能依據註冊書內之公開說明書來進行，公開說明書包括本公司、管理階層及財務報表之詳細資訊。任何決定在美國或其他地方購買股票者，應依據公開說明書相關資訊予以判斷。本報告之任一部分不可因任何目的而被直接或間接複製、再散佈或傳遞予任何其他人（不論公司內或公司外）或出版（部份或全部）。本報告亦不得被散佈、重製、使用、攜入或傳送至美國、加拿大或日本。聲明2023/1/131財務

損益與財務指標(新台幣億元)損益表*根據ROCGAAP編制成長率1H051H04成長率2Q051Q052005上半年營運成果豐碩，累積每股稅後盈餘新台幣2.52元（註）EBITDA不包含業外2023/1/132財務

各項業務營收主要業務營收組合*根據ROCGAAP編制

(新台幣億元)成長率1H051H04成長率2Q051Q052023/1/133NT$908.2億NT$897.2億*根據ROCGAAP編制NT$457.2億成長業務營收比例持續提高主要業務營收比例NT$440億2023/1/134財務

成本與費用營業成本與費用(新台幣億元)成長率1H051H04成長率2Q051Q05*根據ROCGAAP編制2023/1/135資本支出

持續控制資本支出資本支出組合新台幣億元94.897.952.6745.25固網無線網際網路及數據其他資本支出佔營收比例10％11％12％10％2023/1/136高額現金流量財務

現金流量(新台幣億元)1H051H042Q051Q05成長率成長率*根據ROCGAAP編制2023/1/137HiNet客戶數網際網路

持續領導ISP市場3.703.823.96客戶(百萬)以47.9%市場佔有率持續領導ISP市場網際網路加值營收較去年同期成長23.6%Xuite(2005.3.29開放)新增會員數：約7000人/日會員數：153萬(截至2005.08.29

)Pageview：平均321萬人/日

(高於HiNet：167萬人)2023/1/138網際網路

寬頻接取市場領導者-鼓勵客戶升速

ADSL客戶數3,0703,363客戶(千)BroadbandAPRU每月新台幣元14.9%1.1%51.0%39.3%34.8%45.1%54.1%51.4%others2,7275.7%1.0%2023/1/139中華電信MOD大電視網際網路

多媒體隨選視訊全國開播 2005年8月(2004年3月開播)服務區域 全國13個縣市客戶數 上半年為4.8萬戶(截至七月止5.5萬)，預估今年底可 達20萬戶經營策略 爭取全球知名頻道加入

經營在地化節目

成立24小時網路監控、客服及媒體中心

以媒體經營角度思考市場策略

2023/1/1310行動電話

持續領導市場811萬用戶用戶數市佔率：39.3%（註）營收數市佔率：35.2%（註）「預付卡瘦身計畫」提高客戶品質行動數據的領導者來電答鈴持續成長3G於7/26開台截至8/30止，客戶數為1.8萬戶行動電話客戶數客戶(千)（註）電信總局6月份資料2023/1/1311行動電話

擁有穩定之客戶群平均ARPU月租型客戶數比例91%，為業界最高，貢獻度亦高2005第二季ARPU大幅增長提升加值服務營收以提高ARPU加值營收2005上半年比去年同期成長32.6%Mobile

Internet營收2005上半年較去年同期成長93.5%3.3%5.2%2023/1/1312行動電話

行動數據與加值服務營收攀高營收(百萬元)佔行動業務營收比例行動數據與加值服務營收攀高2023/1/1313固網營收穩定

固網營收組合營收(新台幣億元)根據ROCGAAP編制2023/1/1314固網

市內電話14.6%1.7%1.5%2.9%市話通信量平均單價2023/1/1315固網

國內長途8.8%3.4%1.2%國內長途通信量平均單價2023/1/1316固網國際去話量

國際長途去話量12%7.1%平均單價

(新台幣元/分鐘)NT$6.5NT$5.51NT$5.66NT$5.38-15%-4.9%2023/1/1317民營化健全體質重新出發股權結構今年淨省用人費用2.8億元註：資料截至94/08/12。員工持股含民營化員工認股3.957%(於8/30完成過戶)。離退873人民營化時進用約400人2023/1/1318積極推展寬頻業務經營團隊之承諾持續發展行動數據與加值業務以現金股利回饋股東嚴控營運成本費用2023/1/1319ChunghwaTelecom–UpdateonFinancialandOperatingResults

7:00pm,Wednesday,August31,2005

ConferenceCallScript2023/1/1320ChunghwaTelecom–UpdateonFinancialandOperatingResults

7:00pm,Wednesday,August31,2005

ConferenceCallScriptOverallOverall,ourrevenuesforthesecondquarter2005increasedby3.6%overthefirstquarterof2005.Operatingcostsandexpensesincreasedby5.3%,EBITDAincreasedby0.2%andnetincomeincreasedby6.0%comparedtofirstquarter2005.Lookingatthefirsthalfof2005,revenuesdecreasedby1.3%year-over-year.Operatingcostsandexpensesincreasedby1.5%ascomparedtolastyear.OurEBITDAdecreasedby4.1%andournetincomedecreasedby6.0%year-over-year.Oureffectivetaxrateswere17.6%and18.6%forthefirsthalfof2004and2005,respectively.Thehighereffectivetaxrateforthefirsthalfof2005wasprimarilyduetoadecreaseinrealizeddeferredincometaxassetsaswellasinvestmenttaxcredits.

RevenuesTotalrevenuesforthesecondquarterof2005wereNT$46.2billion,representinga3.6%increaseoverthefirstquarter.Ofourrevenues,approximately36.5%werefromfixedline,39.5%fromwirelessand22.3%fromInternetanddata.Lookingatindividualsegments,mobilerevenueincreasedby4.6%overthefirstquarter.InternetandDatarevenuesincreasedby2.3%inthesecondquarter.Ofthese,Internetrevenuesincreasedby3.0%,drivenbycontinuedgrowthinourADSLbusiness.Infixedline,localandDLDrevenuesincreasedby1.5%and2.6%respectivelyinQ2duetomorebusinessdayscomparedwithQ1.ILDrevenuesincreasedby1.5%inthesecondquarter,mainlyduetoanincreaseinILDtrafficandgrowthininternationalcallingcardsandwholesalebusinesses.Forthefirsthalfof2005,totalrevenuesdecreasedby1.3%year-over-yeartoNT$90.7billion.Oftheindividualsegments,InternetandDataincreasedby2.2%whilemobilerevenuesincreasedby2.7%.Localdecreasedby7.3%mainlyduetothedecreaseindial-upminutesandmobilesubstitution.DLDdecreasedby8.0%mainlyduetomobilesubstitution.ILDrevenuedecreasedby5.3%duetothedeclineinaverageusagefeeresultingfromseverecompetition.However,theincreaseofthewholesalerevenuepartiallyoffsetthedeclineoftheretailrevenue.Overall,fixedlinerevenuedecreasedby7.0%year-over-year.2023/1/1321ChunghwaTelecom–UpdateonFinancialandOperatingResults

7:00pm,Wednesday,August31,2005

ConferenceCallScriptCostsandExpensesComparingQ2toQ1,operatingcostsandexpensesincreasedby5.3%.Thiswasprimarilyduetoincreaseinmaintenanceexpenses,increasedmarketingexpensesforthemobilebusiness,andhandsetsubsidies.Forthefirsthalf2005,operatingcostsandexpensesincreasedby1.5%year-over-year.The

increaseinmarketingexpenseofNT$654millionandpersonnelexpenseofNT$568millionwaspartiallyoffsetbythedecreaseinbaddebtexpenseofNT$342million.

EBITDAandNetIncomeEBITDAforthesecondquarterincreasedby0.2%comparedtothefirstquarter,resultinginanEBITDAmarginof53.3%fortheperiod.EBITDAforthefirsthalfdecreasedby4.1%year-over-yearwhileEBITDAmarginforthefirsthalf2005was54.2%.Netincomeforthesecondquarterincreasedby6.0%comparedtoQ1,resultinginanetmarginof27.7%fortheperiod.Netincomeforthefirsthalfdecreasedby6.0%year-over-yearandnetmarginforthefirsthalfof2005was27.4%.CAPEXOurcapitalexpenditurestotaledNT$4.5bninthesecondquarterandNT$9.8bninthefirsthalfof2005representinga3.3%increasecomparedtothefirsthalfof2004.WeexpectfullyearcapitalexpenditurestobeNT$22.7bn,includingapproximatelyNT$1.9bnforthe3Grollout.CashFlowCashflowfromoperationscontinuestobestrong,reachingNT$20.2bninthesecondquarterandNT$37.5bnforthefirsthalf2005.AsofJune30th,2005,ourcashandcashequivalentstotaledNT$51.4bn,andtotaldebtamountedtoNT$0.5bn.2023/1/1322ChunghwaTelecom–UpdateonFinancialandOperatingResults

7:00pm,Wednesday,August31,2005

ConferenceCallScriptNow,Iwillmoveontoexplaintheoperationalperformancebehindourfirsthalfresults:First,onourInternetandDataoperations:Wefinishedthefirsthalfwith3.96millionInternetsubscribers,representing7.1%increaseyear-over-yearanda2.3%increasefromthefirstquarter.WehavealsocontinuedouraggressiveADSLrollout,reaching3.36millionsubscribersbytheendofJune,upfrom3.2millionattheendofMarch.Weareontracktoachieveouryear-endtargetof3.7millionADSLsubscribers.AsoftheendofJune,ourmarketshareoftheTaiwanbroadbandmarketremainsat83.6%,andover79%ofourADSLsubscribersalsouseourHiNetISPservice.Wehavebeenaggressivelypromotingour2Mbpsand8Mbpsservice.Thenumberof2Mbpsand8Mbpscustomersreached1.7millionand182thousandrespectivelyattheendofJune,togetherrepresenting56.8%oftotalADSLsubscribers.WereducedourADSLtariffonJune1st2004.ThetariffreductionstimulatedcustomerstoupgradetohigherspeedpackagesandispavingthewayfortheupcomingbroadbandVASservices.OuraverageADSLbroadbandARPUwasNT$791forthefirsthalf2005.Wedecreasedthetarifffor256kbpsserviceinordertoencouragedial-upsubscriberstomigratetobroadbandservice.ThoughweexpectARPUtobelowerforthesecondhalfthisyearduetohigherpercentageof256kbpssubscriberswithlowerARPUtototalsubscriberbase,totalADSLbroadbandrevenueisexpectedtoincreaseforthewholeyearbecauseofthecontinuingincreaseoftotalsubscribernumber.Now,ontoourmobileoperations:Ourstrongmarketingactivitiesandcompetitivetariffpackageshavehelpedustomaintainourleadingmarketshare.AttheendofJune,wehad8.1millionsubscribers,representinga39.3%subscribershareanda35.2%revenueshare.OurblendedmobileARPUwasNT$728permonthforthefirsthalf2005,andisexpectedtobehigherforthewholeyear.Wehavecontinuallytakenmeasurestolimitthenumberofinactiveusersbyloweringthepercentageofprepaidsubscriberstoassurelargerpercentageofhighervaluecustomers.AsoftheendofJune,wehad0.7millionprepaidsubscribers,representing8.7%ofoursubscriberbase,whichisthelowestinthemarket.2023/1/1323ChunghwaTelecom–UpdateonFinancialandOperatingResults

7:00pm,Wednesday,August31,2005

ConferenceCallScriptMonthlychurnrateforpost-paidsubscribersinthefirsthalf2005was0.7%,whichdecreasedfrom0.9%inthesameperiod2004.Finally,ourfixedlineoperations:Ourtotalfixedlinesubscribersstoodat13.3millionattheendoffirsthalf2005,representinga0.6%year-over-yearincrease.Localcallminutesdecreasedby14.6%year-over-yearduetocontinuousmigrationofdial-upsubscriberstobroadbandservicesandmobilesubstitution.Localcallminutesincreasedby1.7%quarter-over-quarterbecauseofagreaternumberofbusinessdayscomparedtothefirstquarter.Averageper-minutetariffincreasedby1.5%year-over-yearand2.9%quarter-over-quarter.Domesticlongdistancecallminutesdecreasedby8.8%year-over-yearowingtomobilesubstitutionandincreasingcompetition.However,DLDminutesincreasedby3.4%quarter-over-quarterduetoagreaternumberofbusinessdayscomparedtothefirstquarter.Averageper-minutetariffremainedflatyear-over-yearandincreasedby1.2%quarter-over-quarter.Outgoinginternationalcallminutesincreasedby12.0%inthefirsthalfduetotheincreaseinwholesaleminutes.Outgoingminutesincreasedby7.1%inthesecondquartercomparedtothefirstquarter.TheILDaverageper-minutetariffdecreasedby15.2%year-over-yearanddecreasedby4.9%quarter-over-quarter.Thelowerper-minutetariffinthefirsthalf2005wasduetotheincreaseinwholesaleminutesaspercentageoftotaloutgoingminutes.Intermsofinternationalsettlements,wehadreceiptsofNT$1.59billioninthefirsthalf2005versusNT$2.33billioninpayments.IwillnowturnthepresentationbacktoChairmanHoChenforabriefdiscussionofournear-termbusinessoutlook.2023/1/1324ChunghwaTelecom–UpdateonFinancialandOperatingResults

7:00pm,Wednesday,August31,2005

ConferenceCallScriptI’dliketostartoffmycommentswithadiscussionofourInternetanddataservices.OurADSLrolloutcontinuestobeverysuccessfulandweremainthedominantplayerinTaiwan’sbroadbandmarket.BroadbandhouseholdpenetrationinTaiwanhasnowreached55.6%andisoneofthehighestinAsia.Weexpecttoaddanetof650thousandADSLandFTTXsubscribersbytheendofthisyeartoreachourtargetof3.7millionbroadbandsubscribers.AlongwiththeADSLtariffreductioninJune2004,westrategicallylauncheda2Mbpspromotionalpackageandhavemaintainedsustainablegrowthinbothsubscribernumbersandrevenue.Currently,subscribersof2Mbpsandhigherspeedsmakeup58%ofourtotalADSLsubscribers.OurARPUfortheADSLbusinessiscurrentlyNT$791permonth,adecreaseof14.9%fromtheyearbefore.Wedecreasedourtariff47%inApril2005for256kbps,withatotalweightedaverageratereductionof2%,inordertoencouragedial-upsubscriberstomigratetobroadband.WewillalsoinitiateFiber-to-the-Building/Fiber-to-the-Homeservicesforretailcustomersinthenearfuturewithspeedsof10Mbps,20Mbps,and100Mbps,andweexpecttheseservicestocontributetoincrementalARPU.Webeganofferingmultimedia-on-demandinteractiveservicesinTaipeimetropolitanareasthroughour“MOD”brandinMarch2004,andtherewere55,000subscribersattheendofJuly.Weexpandedtheserviceisland-wideinAugust,andthepopulationcoverageis75.2%oftheisland.Ourgoalistogainonemillionsubscribersislandwidebytheendof2007.Currently,weprovide24broadcastingchannelsandover1,400ondemandprograms.Goingforward,weplantolaunchhomebankingandkaraokevalue-addedservices.WeplantorolloutVoIPserviceinthefourthquarterthisyearforcorporateandselectiveretailcustomers.ThelaunchofthisservicedemonstratestheCompany’scapabilitytorespondtonewtechnologyaswellastheCompany’sabilitytopreventcustomersfrommigratingtootherISPs.Inourmobilebusiness,subscribermarketshareisover39%becauseofourseamlesscoverage,accuratebillingsystemandcompetitivepromotionpackages.Inaddition,weanticipatethatbyc