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Chunghwa Telecom Co., Ltd (TAIEX: 2412, NYSE: CHT) (hereinafter referred to as "Chunghwa" or "Company") right now introduced its Guideline for 2019 on a consolidated basis. All figures are based mostly on Taiwan's Worldwide Monetary Reporting Standards (T-IFRS).

Mr. Yu Cheng, Chairman and CEO
Chunghwa Telecom stated: “Despite the fierce competitors from all competitors
In 2018, we noticed the consolidation of our successful customer base
most important segments. In 2019, we attempt to improve general enterprise efficiency
enhancing analysis, gross sales and service supply
and we are confident in our means to take care of robust progress
the pace. In our cellular and broadband corporations, we’ll continue
comply with our confirmed strategy to guide subscribers to larger plans
and further improve margins. In IPTV mode, we continue to grow
our subscriber base and proceed to ship quality content
improve income. In addition, we proceed to take advantage of our pursuits
network infrastructure, cloud providers and enormous knowledge analysis
We anticipate more progress in the introduction of IoT platforms
alternatives in our ICT business. Though the competition is hard,
we are profiting from opportunities during which business strives to fight and favor policies
create aggressive benefits for a sustainable stakeholder

In 2019, the corporate expects revenue to increase by NT $
5.10 – NT $ 7.45 billion, or 2.four% – 3.5% NT for 220.56 – NT for $ 222.91 billion
Comparison of unaudited complete turnover for 2018
revenue progress is predicted to be because of the progress of the ICT challenge
inputs, software VAS inputs, and MOD inputs
is predicted to offset the decrease in voice sales
Continuation of VoIP alternative and decrease in cellular service revenue

Working costs and costs for 2019 are expected to increase by NT
5.90 ~ NT $ 6.31 billion, or three.four% ~ 3.7% NT $ 177.84 ~ NT $ 178.25 billion
compared to the earlier yr. The increase is predicted to be due
improve in ICT undertaking prices.

Operating revenue is predicted to fall by $ 0.93 billion in NT, a rise of $ 1.01 billion.
or -2.1% ~ 2.3% from the previous yr. Revenue earlier than revenue tax and internet revenue
shareholders of the father or mother company
NT $ 43.82 ~ NT $ 45.76 billion and NT $ 34.11 ~ NT $ 35.68 billion.
Internet earnings per share for 2019 are anticipated to be $ four.40 NT at $ four.60.

Tangible asset acquisitions are expected to develop by $ four.64 billion in 2019
in comparison with the previous yr, which is predicted to be due
improve in fairness investments because of our enlargement
business introduction. Materials disposal is predicted to be
From the sale of China Airlines shares.

(billion dollars except EPS) 2019 (F) 2018
(unaudited)
change Yr (%)
Revenue Revenue 220.56 ~ 222.91 215.46 5.10 – 7.45 2.4% – three.5%
Operating prices and prices 177.84 – 178.25 171, 94 5.90 ~ 6.31 three.49 – 3.31 19659012] Other revenue and expenses (zero.03) zero.10 (0, 13) (129.5%)
Income from Operations 42.69 – 44.63 43.62 – 44.63 43.62 43.62 ] 43.62 43.62) ~ 1.01 (2.1%) ~ 2.3%
Unused revenue 1.13 1.35 ( 0.22) (16.3%)
Revenue earlier than revenue tax [19659008] 43.82 ~ 45.76 44.97 (1.15) ~ 0.79 (2.6%) ~ 1.eight%
internet revenue attributable to mum or dad firm shareholders 34.11 ~ 35.68 35.52 (1.41) ~ 0.16 (4.zero%) ~ 0.5%
EPS (NT $) four.40 – four.60 4.58 [19659008] (zero.18) ~ 0.02 (4.0%) ~ zero.5%
EBITDA 78.03 ~ 79.95 75.49 [19659008] 2.54 – 4.46 3.4% ~ 5.9%
3.4% ~ 5.9%
EBITDA margin 35.4% ~ 35.9 % 35.zero% 0.three% ~ zero.eight%
Acquisition of Materials Assets 33.69 29.05 4.64 16.0%
16.0%
Property,
Gear and Gear
28.99 28.55 zero.44 1.5% Other four, 70 zero.50 4.20 850.5% 850.5%
three.10 0.13 2.97 2.97 ] 2363.0%

NOTICE ON FUTURE COMMENTS

This press launch accommodates ahead-wanting statements. These
statements are "forward-looking" statements
Part 27A of the 1933 Securities Act as amended and Part 21E
the 1934 Inventory Trade Act, as amended, and as defined
US Personal Securities Reform Act
Future-oriented statements could be identified by phrases akin to
"Will", "wait", "anticipate", "future", "intend", "plans"
“Believe”, “Estimates” and comparable statements. Statements that are not
historic information, including statements about Chunghwa's beliefs and
expectations, are ahead-wanting statements. Ahead-wanting statements
they contain inherent dangers and uncertainties that can result in actual risks
the outcomes differ basically from forward-wanting statements.
As a consequence of a number of essential elements, actual results might range
in the future opinion.
Buyers are warned that actual events and results might differ
primarily based mostly on quite a few elements
including, but not restricted to, the dangers introduced in Chunghwa's bulletins
US Securities and Inventory Trade Fee Type F-1, F-three, 6-Okay
and 20-F, modified in every case. Future statements
This press launch displays Chunghwa's present perception from that day
this press release and Chunghwa is just not required to update
these ahead-wanting statements about events or circumstances

This press release isn’t a suggestion of securities bought in america. Securities will not be provided or bought in america with out registration or exemption from registration. Public providing of securities in the USA
made with a brochure that can be obtained
issuer or seller and containing detailed info
details about the company and administration in addition to monetary matters

FINANCIAL METHODS

To complete the consolidated monetary statements of the Firm
introduced in accordance with Worldwide Financial Reporting
Standards compliant with FSA necessities
Fee or T-IFRS requirements, Chunghwa Telecom additionally gives EBITDA a
"Non-GAAP financial measure". EBITDA is defined as a gaggle network
(i) depreciation; (ii) complete
internet financial costs (consisting of internet curiosity)
prices, trade fee features or losses, financial achieve or loss and others
(iii) other revenue, internet,
iv) Revenue tax, (v) Lack of discontinued operations (revenue)

Chunghwa Telecom makes use of the enterprise of the corporate to manage EBITDA
as a means of assessing its means to perform as a result of it excludes it
(i) the effect of depreciation a
non-money payments to revenue; ii) certain financing costs which are
exterior elements, together with interest rates, have a big impression on t
low trade charges and inflation charges
or has no effect on the result of our operations, (iii) revenue tax (iv) other
costs or revenue that isn’t associated to business exercise.

WARNINGS NOT USED FOR ECONOMIC EVENTS

Along with the consolidated financial results included in the consolidated financial statements
T-IFRS standards, Chunghwa Telecom also presents non-GAAP monetary measures,
together with “EBITDA”. The corporate believes that non-GAAP funding
the measures give buyers another technique to assess it
performance leads to a method that focuses on its performance

Chunghwa Telecom administration believes buyers will profit
extra transparency on these non-GAAP financial measures
when assessing the corporate's working end result and when
predicting and analyzing future occasions. Nevertheless
The company acknowledges that

  • these non-GAAP monetary measures are limited in their usefulness
    and will solely be thought-about as a complement
    Financing measures for the company's T-IFRS standards;
  • these non-GAAP financial measures shouldn’t be taken under consideration
    separation or alternative from the company's T-IFRS requirements
    measures;
  • these non-GAAP monetary measures should not be thought-about preferable to the Company's T-IFRS financial measures; and
  • these non-GAAP monetary measures weren’t prepared
    T-IFRS requirements and buyers shouldn’t assume that non-GAAP funding
    the measures introduced in this revenue assertion have been prepared a
    comprehensive rules or rules.

In addition, these non-GAAP financial measures could also be distinctive to Chunghwa
Telecom, as they could differ from the non-GAAP financial operations
different corporations. Subsequently, this proposal for non-GAAP funding
measures shouldn’t enhance the comparability of the company's results
results of other corporations. Readers are warned not to look
Non-GAAP outcomes exchange or are in line with T-IFRS standards

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "Company") is Taiwan
the most important built-in communications service company
fastened, cellular, broadband and internet providers. The company also
provides ICT providers to corporations
clients with giant knowledge, security, cloud computing and
IDC capabilities and broaden their enterprise to grow to be revolutionary
Know-how Providers resembling IoT, AI, and so forth. Chunghwa has been in recent times
has actively participated in company social duty and has gained
nationwide and worldwide awards and awards. For extra info,
at www.cht.com.tw.

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HEFFX, Shayne Heffernan's Asset Manager, has a Ph.D. in Economics, with over 25 years of experience in Asia and having expertise in Enterprise Capital, he has been concerned in quite a lot of start-ups that have seen a market worth of more than $ 500 million and 1 that reaches a prime worth of $ 15b. He has led and supervised the establishment of mining, delivery, know-how and finance providers