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遠傳 FET 4904 ( TWSE ) 2026 2Q Investor Update Chee Ching , President Sharon Lin , CFO & Gary Lai , IR Far EasTone Telecom
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Disclaimer This presentation contains forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from those expressed or implied by these forward-looking statements. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this presentation might not occur in the way we expect, or at all. You should not place undue reliance on any forward-looking information. In preparing the information herein, FET have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to FET or which was otherwise reviewed by FET. Neither FET nor its advisors have made any representation or warranty as to the accuracy or completeness of such information and nor do they assume any undertaking to supplement such information as further information becomes available or in light of changing circumstances. None of FET, nor any of their respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. Neither this presentation nor any of its contents may be reproduced to a third party without the prior written consent of FET. 1
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Record-Breaking Performance with All KPIs Exceeding Guidance FET 2026 2Q Financial Performance 2 Item Unit: NT$bn, except for EPS 2Q 2026 2Q 2025 YoY% 2Q 2025 Re-stated YoY% 2Q 2026 Guidance Ach. Rate% Total Revenue 28.66 25.23 +13.6% 26.11 +9.8% 28.03 102% EBITDA 10.15 9.39 +8.1% 9.68 +4.9% 9.66 105% Op Income 5.02 4.21 +19.4% 4.32 +16.4% 4.49 112% Net Income 4.01 3.37 +18.8% 3.37 +18.8% 3.40 118% EPS (NT$) $1.11 $0.94 +18.8% $0.94 +18.8% $0.94 118% Margin % 35.4% 37.2% 37.1% 34.5% Margin % 17.5% 16.7% 16.5% 16.0% Margin % 14.0% 13.4% 12.9% 12.1% Note: (1) 2Q 2025 figures excluded Far Eastern Electronic Toll Collection Co. (FETC), which has been consolidated since January 2026 (2) Based on re-stated 2Q 2025 figures, as reported in the financial statements to reflect FETC consolidation from inception. (1) (2) 以2Q來看, FET在rev, Op Income 成長領先三雄
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Delivered Growth Above Guidance Across All Key Performance Metrics FET 2026 1H Financial Performance 3 Item Unit: NT$bn, except for EPS 1H 2026 1H 2025 YoY% 1H 2025 Re-stated YoY% 1H 2026 Guidance Ach. Rate% FY2026 Guidance Total Revenue 56.47 51.27 +10.1% 52.83 +6.9% 55.13 102% 117.48 EBITDA 20.23 18.87 +7.2% 19.41 +4.2% 19.37 104% 39.83 Op Income 9.92 8.52 +16.5% 8.71 +14.0% 9.04 110% 19.00 Net Income 7.72 6.62 +16.7% 6.62 +16.7% 6.83 113% 14.17 EPS (NT$) $2.14 $1.83 +16.7% $1.83 +16.7% $1.89 113% $3.93 Margin % 35.8% 36.8% 36.7% 35.1% Margin % 17.6% 16.6% 16.5% 16.4% Margin % 13.7% 12.9% 12.5% 12.4% (1) (2) 以1H來看, FET在total rev成長 領先三雄 Note: (1) 1H 2025 figures excluded Far Eastern Electronic Toll Collection Co. (FETC), which has been consolidated since January 2026 (2) Based on re-stated 2Q 2025 figures, as reported in the financial statements to reflect FETC consolidation from inception.
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Net Income Total Revenue EBITDA 2026 2Q: Another Quarter of Record Results 2Q Revenue reached a record 2Q high of NT$28.66bn, ▲13.6% YoY outpacing peers Growth was driven by 5G upgrades, Consumer Essential Services, handset sales, and ICT project deliveries, marking the 23rd consecutive Q of YoY growth 2Q Net Income reached a record high of NT$4.01bn (EPS NT$1.11), ▲18.8% YoY Net Income grew YoY for the 15th consecutive quarter, reflecting resilient profitability 2Q EBITDA reached a record quarterly high of NT$10.15bn, ▲8.1% YoY, driven by continued margin improvement Operating income ▲19.4% YoY, leading the industry 26.04 25.23 26.39 32.68 27.81 28.66 1Q 2Q 3Q 4Q 1Q 2Q 2025 2026 NT$bn Record 2Q High 13.6% YoY 9.48 9.39 9.39 9.82 10.08 10.15 1Q 2Q 3Q 4Q 1Q 2Q 2025 2026 NT$bn Highest Q 8.1% YoY 4 3.24 3.37 3.45 3.67 3.71 4.01 1Q 2Q 3Q 4Q 1Q 2Q2025 2026 EPS $1.11 NT$bn 18.8% YoY Highest Q 以2Q來看, FET在rev, Op Income 成長領先三雄
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Note: (1) Net Debt is defined as Total Borrowing plus ROU lease liabilities, less Cash & Cash Equivalents (2) Net Debt-to-EBITDA and Free Cash Flow are calculated in accordance with IFRS 16 (3) 2025 figures excluded Far Eastern Electronic Toll Collection Co. (FETC), which has been consolidated since January 2026 5 Net Debt reduced to NT$32.8bn and Net Debt-to-EBITDA improved to 0.83x YTD free cash flow remained strong at NT$14.5bn YTD Capex of NT$3.0bn remains in line with FY2026 guidance of NT$9.6bn FET 2026 2Q Financial Metrics Item Unit: NT$bn, unless otherwise stated As of 2Q 2025 As of 4Q 2025 As of 2Q 2026 Net Debt(1) 43.28 46.45 32.81 Net Debt-to-EBITDA(2) 1.16x 1.22x 0.83x Free Cash Flow(2) – YTD 13.32 25.91 14.47 Cash-based Capex – YTD 3.04 7.01 3.03 (3) (3) ◼ Net Debt用新的定義(配合 IFRS16包含ROU lease liab) ◼ Net Debt較去年同期減少許多, ◼ 現金流很強 (擁有很強的配息 能力
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1H Revenue, EBITDA, Operating Income and EPS All reached Record Highs! 5.0 6.1 6.8 7.3 8.5 9.9 1H21 1H22 1H23 1H24 1H25 1H26 40.3 42.6 44.0 50.7 51.3 56.5 1H21 1H22 1H23 1H24 1H25 1H26 Total Revenue (NT$bn) 1H26: Another Record-Breaking Performance 1H26 13.8 15.2 15.9 17.8 18.9 20.2 1H21 1H22 1H23 1H24 1H25 1H26 EBITDA (NT$bn) 1.16 1.42 1.69 1.68 1.83 2.14 1H21 1H22 1H23 1H24 1H25 1H26 Operating Income (NT$bn) 1H26 EPS (NT$) 1H26 1H26 6 +16.5% YoY +16.7% YoY +7.2% YoY +10.1% YoY
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Mobile & Essential Services Continued 4G-to-5G migration with over 40% monthly fee uplift for 5G renewals Effective churn management Growth in Essential Services fueled by new services and ongoing upgrades to existing offerings: Digital Entertainment (▲29% YoY), Fraud Prevention (▲56% YoY) and Mobile Financial Services (▲8% YoY). Merchandise Steady 5G upgrades Effective channel strategies execution ICT & Fixed Business ICT revenue +23% YoY, driven by Cloud (▲30% YoY), Smart City IoT (▲102% YoY) with subsidiaries’ contribution FETC’s solid business growth and international toll collection footprint expansion 7 2026 1 H Key Drivers for Revenue Growth 1H 2025 1H 2026 ▲10.1% 51.27 56.47 53% 30% 17% 50% 30% 20% Mobile & Essential Services ICT & Fixed Business Merchandise +2.4% +32.7% +11.1% Total Revenue (NT $bn)
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Mobile Service Revenue 705 719 729 733 689 569 2024 2025 1Q26 2Q26 15.3 15.4 15.5 15.8 15.7 15.8 1Q 2Q 3Q 4Q 1Q 2Q NT$/month F T C 37% 43% 47% 49.3% 2023 2024 2025 1H26 FET% 0.9% 0.9% 0.8% 0.7% 2023 2024 2025 1H26 1H26 Record Low 1H26 FET 2Q Note: (1) Mobile postpaid ARPUs from each company's factsheets, with Company C using fair- value and the others adopting residual value.8 2025 2026 2026 2Q Mobile Business Highlights Solid Mobile Growth Continued 5G upgrades and strong NP momentum; Mobile service revenue grew 3% YoY in 2Q26, marking the 21st consecutive quarter of growth; FET maintained industry- leading ARPU at NT$733, with nearly 50% 5G penetration; Postpaid churn reached a record-low 0.7% NT$bn Postpaid 5G Penetration Mobile Postpaid ARPU(1) Postpaid Churn Rate % +3% YoY ◼ 擴展企業客群+提升價值 ◼ pre-APT merger level ARPU 平均~740
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New Mobile Products 9 New Digital Services Fraud PreventionEntertainment Business friDay Video strengthened its Taiwan’s OTT leadership , achieving +20% YoY subscriber growth & +17% revenue YoY Expanding FET’s Entertainment Ecosystem, and IP; recent event: “ID. Music Festival” partnered with Spotify Taste Taiwan - the homegrown one-stop dinning service app attracted over 200K users within 75 days of its launch in April. Partnered with adjoe - the “Play-to-Earn” gaming service, created new revenue stream for Mobile Circle, achieved annual target within 2 months of its launch in May “5G FWA + Home Entertainment“ service received strong market response, exceeding target by 23% “Youthful Companions “ targeted at Gen Z customers, 33% of new subscribers from younger segments FET Guardian Network paid subs grew 44% YoY , with AI enhanced anti-fraud capabilities; blocked over 200M attempted visits total at unsafe websites for subscribers in 2Q. 2026 2Q Consumer Service Highlights
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10 1H Smart ICT Revenue grew +23% YoY Smart Campus Solutions Revenue grew +46% YoY; Big Wins: • Taipei City Smart Streetlights • Taoyuan City CCTV Monitoring System • National Defense University - Energy Storage System • Taichung Port Energy Management System Digital Transformation Telecom Based SI Cloud and AI demand accelerated DTS growth, resulting in 50% YoY revenue growth in 1H, and contract value surpassing the full-year 2025 total; Big Wins: • A Central Gov. Ministry Cloud Migration Project • Two Leading Global Taiwan-Based Electronics & Cloud Infrastructure Companies Secured multiple large-scale Telecom SI projects across transportation and smart infrastructure; Major Wins: • Taiwan Railways • A Leading Technology Company -Taipei Digital Content Service BOT- Smart Building • A Government Agency Training Center Telemedicine Contracts grew +76% YoY; Smart Hospital Solutions +114% YoY; Big Wins: • A Leading Hospital in Central Taiwan- Local Community Smart Healthcare Project • A Tier-1 Private Hospital in Northern Taiwan – Next-Generation Digital Pathology Platform Sustainable Smart City Smart Healthcare CHT FET 簽約金額 +80% YoY +103% YoY (未揭露) 簽約金額 +30% YoY +145% YoY (未揭露) 營收 +14% YoY +5% YoY (未揭露) Data n/a +34% YoY ISSDU +12% YoY Rev Group ICT Rev +32% YoY ICT/Fixed/ETC +33% YoY Smart ICT +23% YoY +9% YoY n/a
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11 Major Honors and Recognitions Product and Service ✓ BSI Data Centre Mark of Trust (DC MoT) – the First IDC Operator worldwide recognized for Excellence in IT Service Management ✓ Taiwan’s Best Customer Service Golden Award winner for 15 consecutive years – the only company in Taiwan to Achieve this Distinction Environmental Sustainability ✓ Included in the FTSE4Good TIP Taiwan ESG Index for 9 consecutive years Corporate Governance ✓ Extel 2026 Asia Executive Team – Top 3 for Best CEO and Best IR (Small & Mid-Cap) ✓ TWSE Corporate Governance Ranking – Top 5% for 12 consecutive years ✓ Commercial Times Taiwan Happy Enterprise Evaluation – Gold Award Far EasTone TPKC Cloud Computing Center Data Hall
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Accelerate growth in Consumer Essential Services Ensure timely delivery of Smart ICT projects Scale AI projects delivery capacity & capabilities Advance 5G Standalone deployment and LEO Satellite service readiness 12 FET 2H Priorities 這是上一季的: Maximize investment and subsidiary synergies ✓ Deepen ESG solutions penetration ✓ Scale Smart Health from telemedicine into AI-enabled Cloud HIS ✓ Drive ICT and Cloud business expansion overseas Expand the consumer service ecosystem via FET Mobile Circle and the “Taste Taiwan” initiative Monetize AI at scale by leveraging FET’s AI platform to accelerate enterprise transformation and product innovation Advance 5G SA network buildout and plan for LEO satellite services
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Q & A websites email Investor Relations IR@fareastone.com.tw http://corporate.fetnet.net http://www.fetnet.net For further Information,