Chunghwa Telecom : ★ Company Profile

Chunghwa Telecom is the largest integrated telecom service provider in Taiwan. The goal of the company is to be a value-creatingand trustworthy company in providing Information, Communication and Technology, or ICT, services.

INVESTOR FACTSHEET Q2 2021

"We are pleased with Chunghwa's remarkable achievements in the second quarter," said Mr. Chi-Mau Sheih, Chairman and CEO of Chunghwa Telecom. "We maintained our leading market position in the mobile business sector, and I would like to express my personal gratitude to all of our employees navigating the challenging operating environment in the quarter. Our accumulated number of 5G sign-ups exceeded 1 million at the end of the quarter, ahead of schedule, and we expect to reach 2 million sign-ups by the end of this year. To upgrade the quality of 5G services, we accelerated our 5G deployment and accumulated more than 8,000 base stations by quarter end, expecting to approach 12,000 base stations

by the end of this year. Moreover, we are proud to have won the distinction of "Fastest 5G" and "Best

Mobile Coverage" in Q1-Q2 2021, according to the Taiwan 5G Speedtest AwardTM report in July. Given our significant progress in 5G adoption and development, as well as market approval and endorsement, we are optimistic about our growth and strive to maintain our leading status in Taiwan's mobile market." "The trends that fueled our growth during the quarter, such as "work from anywhere", "video everywhere", and the democratization of content creation, have all accelerated. As customer demands continue to grow and our market opportunities expand, we are delighted to see an ongoing increase in fixed broadband services, as subscriber numbers for our MOD/IPTV platform and Hami video continued to grow. In July, we broadcasted the Tokyo Olympic Games with 4K quality on the MOD platform and exclusively delivered the first-ever VR simulation on Hami Video. In addition, overall ICT project revenue in the second quarter continued to increase. We will continue to enhance our ICT technology capabilities to cater to more emerging digital opportunities and remain selective to further increase project profit margin."

Mr. Sheih concluded, "Looking ahead, we will continue to invest in our capabilities, improve the quality of our product and service offerings, and accelerate innovation, as we address the changing needs of our clients."

Mr. Chi-Mau Sheih

Chairman and CEO

MARKET FACT

Market Cap	US$31.8 Billion
NYSE	CHT
Share Price	US$40.99
52 Week Low/High	US$36.22/41.63
TSE	2412
Share Price	NT$115.5
52 Week Low/High	NT$106.5/116.0
Shares Outstanding 7,747 Million
as of July. 26, 2021	Source: Bloomberg

Taiwan's Telecom Leader / Strong Market Positions (a)

Q2 2021 Consolidated Revenue: NT$49.60 bn

Domestic Fixed

• #1 Local
• • 91.9% share by subs (9.81 mn subs)
  • 83.1% share by minutes
• #1 DLD
• • 82.1% share by minutes
• #1 Broadband access
• • 64.4% share by subs (b)(c) (4.35 mn subs)

Source: Company data, MOTC, and NCC statistics

1. Market share as of May 2021
2. CHT access circuits were not included
3. Excluding PWLAN subscriber numbers
4. Revenues are based on T-IFRSs
5. 040 subscribers excluded

Mobile

• #1 Mobile revenue
• • 38.8% market share (d)
• #1 Mobile subscribers
• • 36.0% market share (10.63 mn subs)(e)

Internet

• #1 ISP
• • 61.5% share by subs (3.95 mn subs)

International Fixed

• #1 ILD
• • 45.0% share by minutes

DIFFERENTIATING FACTORS

• Leading Position in Customer Access
• Extensive Product Portfolio with High Quality Services
• Branding & Scale Advantages
• Advanced Network & Technology Capabilities
• Financial Strengths

Leading Position in Mobile Market	#1 Broadband Provider
Better Performance in Mobile Service Revenue	Fixed Broadband Subs

ChinaJapan

Taiwan

Thailand Vietnam

Singapore

Highest Subs & Lowest Churn	MOD Revenue and Subs

For more information visit:

www.cht.com.tw/ir

Consolidated

(NT$bn)	Q2 2021	Q2 2020	Growth	H1 2021	H1 2020	Growth
%	%
Revenues	49.60	47.81	3.8	99.70	95.96	3.9
Operating Costs and	38.37	37.19	3.2	77.36	74.81	3.4
Expenses
Income from Operations	11.23	10.61	5.9	22.34	21.14	5.7
Net Income2	8.93	8.57	4.1	17.73	16.86	5.2
EPS	1.15	1.11	4.1	2.29	2.17	5.2
EBITDA	20.78	19.37	7.3	41.36	38.72	6.8
EBITDA Margin (%)	41.89	40.52		41.49	40.35
Note: 1. Financials are prepared in accordance with T-IFRSs. Figures for 2021 are unaudited. 2. Net income attributable to owners of the parent.
3. EBITDA = operating income + Depreciation & Amortization.		4. The calculation of growth rates is based on NT$mn.

Committed to Improving Shareholder Value

NT$ bn

40.00
35.00
30.00
25.00
20.00	37.2	34.7
	32.8	33.4
15.00
10.00
5.00
0.00
	2018	2019	2020	2021 (E)

Board of directors resolved to distribute NT$33.4 billion to shareholders

• NT$4.306 per share
• payout ratio 100%

Note:

1. 1 ADR = 10 common shares
2. The regular dividend has been calculated based on total share number 7,757,446,545 since year 2011.

Effective and Efficient Capital Expenditure

Capital Expenditure

Budgeted capex for 2021:

NT$43.1 bn

Continue to focus on core businesses for future investments

- 5G

- FTTx

- IDC/ Cloud

- Submarine cable

Commitment to Corporate

Social Responsibility

Corporate Governance	Corporate
		Volunteerism
Consumer
Care	CSR
	Committee	Digital
	since 2006	Opportunities

Employee

Care

Environmental Sustainability

Awards

Recognized by Speedtest as the No.1 Mobile Network Speed and Coverage in Taiwan 5G Speedtest Award report

Recognized by TWSE as one of the TOP 5% companies in Taiwan performing best corporate governance and corporate sustainability in 2020

Received double Champions in CSR Awards from Global Views Monthly

Contact:

Fu-Fu Shen

Assistant Vice President Public Affairs

[phone] [e-mail]

For more information visit:

www.cht.com.tw/ir