Chunghwa Telecom (CHT) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 1, 2022 3:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom Conference Call for the company’s Third Quarter 2022 Operating Results. [Operator Instructions] For information, this conference call is now being broadcasted live over the internet. 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.

Now, I’d like to turn it over to Ms. Angela Tsai, the Director of Investor Relations. Ms. Tsai, please go ahead.

Angela Tsai

Thank you. This is Angela Tsai, Director of Investor Relations for Chunghwa Telecom. Welcome to our third quarter 2022 results conference call. Joining me on our call today are Harrison Kuo, our President and Vincent Chen, our Chief Financial Officer.

During today’s call, management will begin by providing an overview of our business in the third quarter, followed by a discussion of our segment performance and the financial highlights. After, we will move on to the question-and-answer session.

On Slide 2, please note our Safe Harbor statement. Now I will turn the call over to President Kuo. President Kuo, please go ahead.

Harrison Kuo

Thank you, Angela and hello everyone. Welcome to our third quarter results conference call. I will now provide an update on our robust performance in the third quarter.

Let’s begin on Slide 4 for an overview of our mobile business. In the third quarter, we see the positive development of Taiwan’s mobile market of operators towards 5G migration in a steady manner. Focusing on creating value for customers, which we predict is good for healthy market competition.

Looking into quarter four, the mobile market in Taiwan is expected to remain steady in potential economic uncertainty. In terms of market position, we are pleased not only to maintain our leadership in Taiwan’s mobile market, but also successfully to achieve year-over-year growth in terms of both revenue and the subscriber share for four consecutive quarters. In the third quarter, we increased our revenue share to 39.4% and the subscriber share to 36.5% on a year-over-year basis respectively. Our overall positioned revenue share is larger than the subscriber share suggesting that our customer attention business strategy is proving successful. We are confident that we can maintain our leadership position going forward.