CHT(US:CHT)2023-02-05 09:29Financial Data and Key Metrics Changes - In Q4 2022, total revenue decreased by 0.7% year-over-year, while revenue from core business increased by 2.3% [16] - Net income decreased by 2.2% primarily due to sales decline and government subsidies granted in Q4 2021 [16] - EBITDA margin increased to 35.05% from 34.82% [16] - For the full year 2022, total revenue increased by 3% compared to 2021, with net income growing by 2.1% [17] Business Line Data and Key Metrics Changes - Mobile service revenue increased by 5.8% year-over-year, marking 20 consecutive months of growth [5] - Fixed broadband revenue grew by 3.7% year-over-year, with a 51.9% increase in subscribers for speeds of 300 Mbps or higher [7] - Consumer Business Group (CBG) revenue decreased by 2.1% year-over-year, despite strong mobile service revenue growth of 7.1% [8] - Enterprise Business Group (EBG) revenue increased by 2.9% year-over-year, driven by ICT business growth [12] Market Data and Key Metrics Changes - Mobile revenue share and subscriber share reached 39.5% and 36.6%, respectively, indicating strong market leadership [5] - International Business Group (IBG) revenue decreased by 7.1% year-over-year but increased by 19.7% when excluding non-recurring impacts [15] Company Strategy and Development Direction - The company aims to build ecosystems and create long-term value for customers, focusing on maintaining its leadership in network and service quality [4] - Plans to roll out new promotion strategies and enhance service speeds to distinguish from competitors [8] - Continued emphasis on digital transformation and ICT services to meet customer demands [20] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the telecom market's recovery and growth, particularly in 5G adoption [4] - The company expects total revenue growth of 2.1% to 2.8% in 2023, driven by core business growth and ICT services [20] - Operating costs are projected to rise by 4% due to investments in infrastructure [21] Other Important Information - The company has been recognized for its ESG efforts and launched a Green ICT Supply Chain initiative [22] - Free cash flows increased by 12.4% compared to 2021, supporting long-term value creation [19] Q&A Session Summary Question: Contribution of roaming and prepaid services - Management noted that while specific numbers are not disclosed, there is a positive trend in prepaid subscriber growth due to increased demand for overseas travel [24] Question: Revenue growth expectations for 5G - Management remains optimistic about 5G revenue growth, although specific internal data is not disclosed [25] Question: Roaming service revenue recovery - Roaming service revenue is expected to recover to about 70% to 80% of pre-pandemic levels [27] Question: Margin of enterprise ICT business - The net margin for the enterprise ICT business is approximately 20% [30] Question: Expectations for ICT business investments - Management indicated that the ICT business will require ongoing investments, with expectations for margin and EBITDA numbers to be provided starting Q1 2023 [30]