KT Corporation · KRX:030200
KT — Q1 2017 Earnings Presentation
18 slides from KT's earnings presentation, Apr 28, 2017
Slide 1: KT 1Q17 Earnings Release
KT 1Q17 Earnings Release Global No. 1 KT Investor Relations | 2017. 4. 28. kt
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp.(the Company”). This presentation contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. This presentation is being presented solely for your information and is subject to change without notice. No pr
Slide 3: Contents
Contents 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
Slide 4: Consolidated Financial Highlights: Income Statement
K-IFRS / Consolidated 1-1 Financial Highlights Income Statement Operating Revenue KRW 5,611.7bn, (YoY) +1.8% Service Revenue KRW 4,948.5bn, (YoY) +1.0% Operating Income KRW 417bn, (YoY) +8.3% Net Income KRW 224.3bn, (YoY) +4.3% EBITDA KRW 1,267.6bn, (YoY) +4.3% (Unit: KRW bn) 1Q16 4Q16 1Q17 QoQ YoY
Slide 5: Consolidated Financial Highlights: Operating Expenses
K-IFRS / Consolidated 1-2 Financial Highlights Operating Expenses Operating Expenses KRW 5,194.7bn, (YoY) +1.3% Labor Cost KRW 869.8bn, (YoY) +1.9% General Expenses KRW 2,408.3bn, (YoY) +0.1% Selling Expenses KRW 462.2bn, (YoY) -3.9% Marketing Expense KRW 639.5bn, (YoY) -2.4% (Unit : KRW bn) 1Q16 4Q
Slide 6: Consolidated Financial Highlights: Financial Position
K-IFRS / Consolidated 1-3 Financial Highlights Financial Position Debt Position Borrowings: KRW 7,345.2bn Net Debt: KRW 5,343.1bn Debt Ratio Debt to Equity: 135.5% Net Debt to Equity: 41.8% (Unit: KRW bn) 1Q16 4Q16 1Q17 QoQ YoY Assets 29,484.8 30,587.7 30,102.6 -1.6% 2.1% Cash and cash Equivalents 2
Slide 7: KT Separate Financial Highlights: CAPEX
K-IFRS / KT Separate 1-4 Financial Highlights CAPEX Total CAPEX 1Q Execution KRW 312.9bn CAPEX Breakdown Access Network: KRW 200.9bn Backbone Network: KRW 42.2bn B2B: KRW 25.6bn Others: KRW 44.2bn 2017 Guidance KRW 2.4tn Execution Ratio: 13.0% 3,711 2,475 476 261 499 2012 3,313 1,870 466 241 736 201
Slide 8: Business Overview
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
Slide 9: Business Overview: Wireless
.K-IFRS / Consolidated 2-1 Business Overview Wireless Wireless Revenue down by 3.1% YoY Wireless Revenue decreased on abolition of activation fee and accounting change in ‘Handset Protection Plan’ Net adds and LTE penetration continues 1Q MNO net adds 242k 2nd device growth continues LTE penetration
Slide 10: Business Overview: Wireline
K-IFRS / Consolidated 2-2 Business Overview Wireline Wireline down by 1.9% YoY Telephony Telephony up by 1.1% QoQ on increased international traffic related revenue Broadband Revenue up by 4.4% YoY on GiGA driven subs/ARPU growth GiGA subs reached 2.8million (Unit : KRW bn) 1Q16 4Q16 1Q17 QoQ YoY Wi
Slide 11: Business Overview: Media / Contents
K-IFRS / Consolidated 2-3 Business Overview Media / Contents Media/Contents up by 16.6% YoY Media Revenue up by 10.2% YoY on ‘GiGA Genie’ launch that led to media platform base expansion and enhanced subs quality IPTV subs reached 7.1million Contents (Nasmedia) Strong growth by targeting digital bro
Slide 12: Business Overview: Finance and Other Service
K-IFRS / Consolidated 2-4 Business Overview Finance and Other service Finance Revenue Revenue up by 3.0% YoY on BC Card’s increased transaction volume of credit /check card Other Service Revenue Revenue up by 6.5% YoY on steep real estate revenue growth Merchandise Revenue Revenue up by 7.7% YoY on
Slide 13: Q & A
Q & A 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
Slide 14: Appendix
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
Slide 15: K-IFRS Quarterly Income Statements
4-1 K-IFRS Quarterly Income Statements Consolidated I/S 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Operating revenue 5,515.0 5,677.6 5,529.9 6,021.1 5,611.7 Service Revenue 4,899.3 5,041.2 5,040.0 5,026.5 4,948.5 Wireless 1,851.0 1,880.1 1,884.1 1,803.1 1,793.9 Fixed line 1,278.7 1,286.2 1,255.0 1,245.0 1,254.3
Slide 16: K-IFRS Statement of Financial Position
4-2 K-IFRS Statement of Financial Position Consolidated 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 Asset 29,484.8 28,624.2 30,135.8 30,587.7 30,102.6 Current assets 9,436.3 8,838.8 10,105.2 9,643.3 9,858.1 Cash & cash equivalents 2,791.9 3,043.2 3,460.8 2,900.3 2,002.1 Trade & other rec 3,331.9 3,353.2 3,312.4 3
Slide 17: Subscribers (KT Separate)
4-3 Subscribers (KT Separate) Wireless 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 QoQ YoY Subscribers (Unit: 1,000)1) Total (LTE+WCDMA) 18,180 18,378 18,678 18,892 19,234 1.8% 5.8% Net additions 141 198 300 214 342 59.8% 142.6% Gross additions 1,144 1,134 1,241 1,244 1,242 -0.2% 8.6% Deactivation2) 1,003 936 941
Slide 18: Thank you
Thank you kt