#1台灣大哥大 Taiwan Mobile Taiwan Mobile Co., Ltd. 2Q23 Results Summary Aug 7th 2023 1#2Disclaimer The information contained in this presentation, including all forward- looking information, is subject to change without notice, whether as a result of new information, future events or otherwise, and Taiwan Mobile Co., Ltd. (or hereafter the "Company") undertakes no obligation to update or revise the information contained in this presentation. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is the information intended to be a complete statement of the Company, markets or developments referred to in this presentation. 2#3Business Overview 3#42Q23 Highlights Solid top-line expansions across all 3 core engines 5G Mobile Service Revenue* +6% YoY = E-commerce +6% YoY Home Broadband +6.5% YoY Consolidated EBITDA Record High *Mobile service revenue based on IFRS 15 numbers 4#5Mobile - Growth Engine #1 2Q23 results Smartphone ARPU Postpaid Churn Upselling via Unique Bundles 700 681 667 2Q21 2Q22 2Q23 Unique Bundle Users 0.87% 0.84% 0.73% 2021 2022 1H23 21% 17% 11% 2Q22 4Q22 2Q23 as a percentage of smartphone postpaid users momobile Double Play + Disney+ OP Life 5#6momo - Growth Engine #2 Revenue (NT$mn) YoY Total 25,138 26,212 +4% 1,314 Others EBITDA (NT$mn) YOY 1,290 -2% E-commerce 23,894 25,229 +6% 1,144 1,170 +2% 2Q22 2Q23 1Q22 1Q23 Main + Satellite E-commerce Warehouses (#) Total Transaction (#) E-commerce EBITDA Margin 55 P +5% 4.8% 4.6% +4 YoY YOY 2Q23 2Q23 2Q22 2Q23 6#7≥300Mbps <300Mbps Broadband - Growth Engine #3 2Q23 Penetration Rate Cable BB Subscriber (TFNM+Double Play) YOY +65% 2Q22 Source: Market intelligence 2Q23 57.9% 47.5% 66.4% 57.9% TFNM Top 4 MSO TFNM Top 4 MSO DTV Broadband Source: Market intelligence Revenue (NT$mn) Total 1,569 1,571 744 Broadband 479 510 +6% Pay-TV & Others 1,090 1,061 -3% 2Q22 3Q22 4Q22 1Q23 2Q23 EBITDA YOY (NT$mn) 754 +1% 2Q22 3Q22 4Q22 1Q23 2Q23 7#8Financial Overview 8#9Performance by Business Revenue EBITDA NT$bn Telecom momo CATV Total¹ Telecom momo CATV Total¹ 2Q23 16.41 26.21 1.57 43.55 6.75 1.29 0.75 8.91 % of 38% 60% 4% 100% 76% 14% 8% 100% total 2Q23 7% 4% 0% 5% 2% -2% 1% 1% YOY 1Q23 8% 10% 1% 8% 3% 6% -1% 3% YOY 1. The sum of each account of telecom, CATV and momo does not equal to the consolidated total number due to other revenue and inter company eliminations. 9#10NT$bn Results Summary 2Q23 1H23 Amount QoQ YOY Amount YOY Revenues 43.55 1% 5% 86.56 7% Cash Cost & Expense (34.64) 1% 6% (68.97) 8% Operating Income 4.48 4% 2% 8.77 3% Non-op. Income (Exp.) (0.14) -41% 12% (0.36) 52% Pre-tax Income 4.34 7% 2% 8.41 2% Net Income 3.04 12% 1% 5.75 1% EPS1 (NT$) 1.08 13% 2% 2.04 0% EBITDA 8.91 3% 1% 17.59 2% 1. EPS is based on share count of 2.820bn in 2Q23 10#11Balance Sheet Analysis NT$bn Total Assets 2Q23 1Q23 2Q22 NT$bn 2Q23 1Q23 2Q22 186.39 191.46 191.30 Liabilities 120.51 115.34 125.35 Current Assets 36.29 40.43 38.95 Current Liabilities 63.15 64.24 71.16 - Cash & Cash Equivalents 11.23 14.26 15.28 - ST Debts 18.55 31.37 25.67 - Receivable & Contract Assets 16.56 16.37 16.00 - Accounts & Notes Payable 12.87 12.48 12.43 - Inventories 6.63 7.89 5.60 - Current Lease Liabilities 3.64 3.66 3.72 - Other Current Assets 1.86 1.91 2.08 - Other Current Liabilities 28.10 16.72 29.33 Non-current Assets 150.11 151.03 152.34 Non-current Liabilities 57.36 51.10 54.20 - Long-term Investment 8.38 7.83 6.08 - Long-term Borrowings 44.66 38.21 41.43 - Property, Plant and Equipment 46.54 46.76 47.14 - Non-current Lease Liabilities 6.08 6.08 6.31 - Right-of-use Assets 9.72 9.76 9.98 - Other Non-current Liabilities 6.61 6.81 6.45 - Concession 54.02 55.10 58.34 - Other Non-current & Contract Assets 31.44 31.59 30.81 Shareholders' Equity 65.89 76.13 65.95 Paid-in Capital 35.19 35.19 35.19 2Q23 1Q23 2Q22 Capital Surplus 13.11 15.37 15.33 Current Ratio Net Debt to Equity Net Debt to EBITDA (x) ROE¹ (annualized) 1. 2. ROE = Accumulated Net Income (Annualized) /Average Shareholders' Equity Including accumulated profits and other equity items. 57% 63% 55% Legal Reserve 33.50 32.60 32.60 79% 73% 79% Treasury Shares (29.72) (29.72) (29.72) 1.47 1.57 1.49 Un-appropriated Earnings 0.00 0.00 0.00 17% 15% 16% Non-controlling Interest 7.49 8.85 7.38 Retained Earnings & Others² 6.32 13.82 5.16 11#12NT$bn Operating Investing Financing NT$bn Pre-IFRS 16 Operating¹ Cash CAPEX Free Cash Flow Cash Flow Analysis 2Q23 1Q23 2Q22 8.71 4.81 7.73 (2.06) (2.61) (4.67) (9.67) (2.88) (2.44) 2Q23 1Q23 2Q22 7.65 3.66 6.70 (2.12) (2.37) (3.73) 5.52 1.29 2.97 1. "Lease expenses" previously under operating activities was reclassified into financing cash flow and investing cash flow (to a lesser extent) in accordance with IFRS 16 in 2019. 12#13Event Updates 13#14Awards and ESG Recognitions Institutional Overall Asia Investor 2023 ASIA (EX-JAPAN) EXECUTIVE TEAM MOST HONORED COMPANY #1 in telecom sector & Most Honored Company #1 in Best CEO, Best CFO, Best IR Program, Best IR Team, Best ESG, Best Company Board Rest of Asia (ex-China) #1 in telecom sector & Most Honored Company for 2 years in a row #1 in all categories → "All-Star" status Top 5% in the "Corporate TAIWAN STOCK EXCHANGE Governance Evaluation" for 臺灣證券交易所 the 9th consecutive year 8 SUSTAINABLE DEVELOPMENT GOALS 22023第19屆 I:SG Annual Honor Roll for the 2nd year #1 in Human Resources Development 遠見ESG企業永續獎 Model Award in Education Promotion W Taiwan Mobile has declared 2023 as the starting year of Biodiversity Conservation and is committed to reaching No Gross Deforestation by 2050. TN FID Other ESG Highlights Our "Solar for Good" project has built 524.7 kW of solar power systems over the past 6 years, and is expected to generate stable income of NT$72.85 million for 6 NPOs in 20 years. 種福電 Solar for Good 14#152023 Capex Budget Additions On August 4, 2023, the Board approved network related capex budget additions for 2023. Total capex budget will be NT$15.653bn, with actual cash payments subject to the actual progress of the network deployment. 15#16Key Message TWM continues to fire on all cylinders, with our unique bundles momobile, Double Play, Disney+ and OP Life propelling our telecom service revenue. Coupled with steady growth in e-commerce and home broadband, our 2Q23 consolidated EBITDA reached an all-time high. Free cash flow also went up by 10% YoY during the first half of this year, reflecting our strong fundamentals. Meanwhile, we are one step closer toward establishing a sustainable foundation for long- term growth. 16#17台灣大哥大 Taiwan Mobile Q&A 17