Hkbn Ltd. · HKEX:1310

Hkbn — FY2023 Earnings Presentation

32 slides from Hkbn's earnings presentation, November 2023

  1. Slide 1: HKBN Ltd. 2023 annual results highlights

    HKBN Ltd. 1310 2023 8 31 2023 8 31 • 1% 116.92 9% 48.25 18% 19.34 • 3.20 12% 22.90 3.69 5% 75.25 24 • 12.67 194% 7.02 12 • 75% 20 2022 20 40 2022 60 * 33% * 2023 11 1 2.73 15% –1–

  2. Slide 2: ICT ICT Jardine One Solution

    ICT 2000 100% 30 ICT 2020 Jardine One Solution JOS 2021 2022 2023 1,000 1,001–10,000 10,001–100,000 AegisConnect AegisConnect DDoS • IT 600 –2–

  3. Slide 3: 100M 2000M Global SIM

    — 100M 2000M Global SIM OTT OTT Netflix Disney+ myTV SUPER ESG MSCI ESG AAA AA + 500 10% –3–

  4. Slide 4: 2023 11,692,176 11,626,164 +1% – 4,825,008 4,427,441 +9% – 1,934,378 2,351,289 -18% – 2,392,820

    1 2023 2022 8 31 8 31 11,692,176 11,626,164 +1% – 4,825,008 4,427,441 +9% – 1,934,378 2,351,289 -18% – 2,392,820 2,433,159 -2% – 2,539,970 2,414,275 +5% (1,267,408) 553,321 ->100% 1,2 194,634 904,875 -78% *1,3 2,289,914 2,609,750 -12% 1,4 763,249 1,133,253 -33% 1,2 (1,267,408) 553,321 ->100% 384,727

  5. Slide 5: ARPU and subscriber figures

    2 2023 2022 8 31 8 31 8,090 8,006 +1% – 117 119 -2% – 388 413 -6% 5 101 105 -4% 2,560 2,513 +2% – 920 897 +3% – 386 432 -11% ARPU 6 179 184 -3% 239 241 -1% 972 976 0% 4,428 4,864 -9% (1) (2) –5–

  6. Slide 6: II ARPU ARPU

    (3) (4) II (5) (6) ARPU ARPU ARPU ARPU –6–

  7. Slide 7: JOS and ARPU segment results

    2020 JOS 2023 2023 2021 2022 2023 2023 ARPU 2 3 2023 ARPU x 1% 116.92 12% 33% 22.90 7.63 • 9% 48.25 • 2% 23.93 • 5% 25.40 3.69 5% 75.25 8,800 2% 34.45 1,600 2,900 4,600 1,400 1,100 600 –7–

  8. Slide 8: ICT solutions results

    2.39 194% 7.02 3.79 5,900 2,500 1.59 77% 3,600 12 2022 5.53 2023 12.67 3.20 12% 22.90 3.69 5% 75.25 24 11.33 33% 7.63 3.20 2.47 7,400 1.85 2,800 600 1,600 3,600 ICT 2024 ICT ICT –8–

  9. Slide 9: Enterprise solutions strategy

    • 2023 18% 19.34 Windows 11 2024 • AegisConnect AegisConnect • • IT • IT • ARPU • • • • • IDC OTT –9–

  10. Slide 10: Residential and mobile strategy

    • 100M 2000M 2023 4 24 • OTT Netflix Disney+ myTV SUPER iQIYI • Wi-Fi 6 Gateway Wi-Fi • Global SIM 5G • ARPU • Shoppy 2023 8 31 10.17 2022 11.29 115.89 2022 118.65 105.72 2022 107.36 2023 8 31 5.36 2022 5.18 2023 8 31 3.8 2022 2.4 – 10 –

  11. Slide 11: 5.1 2022 4.6 5.3% 2022 2.7% 2.4 2022 3.3 17.63 2 17.13 2020 10

    2023 8 31 5.1 2022 4.6 5.3% 2022 2.7% 2023 8 31 2.4 2022 3.3 2023 8 31 2022 8 31 2023 8 31 17.63 2022 17.13 2023 8 31 2020 10 30 2023 5 31 2.6 39.00 0.399% 2023 2023 6 1 2025 11 24 2.5 52.50 3.95% 9 2023 8 31 4,900 2022 8,800 – 11 –

  12. Slide 12: 2.67 2022 2.27 4,000 2,400 1983 7.80 1.00 4,428 4,864 9% – 12 –

    2023 8 31 2.67 2022 2.27 4,000 2,400 1983 7.80 1.00 2023 8 31 2023 8 31 4,428 2022 8 31 4,864 9% – 12 –

  13. Slide 13: II III Plus IV

    II III III Plus III Plus 2023 10 IV 2023 5 11 IV IV 2023 8 31 II III Plus IV 2023 8 31 2023 12 15 2023 2023 75% 2023 12 28 2023 8 31 20 2022 20 2023 2024 1 8 – 13 –

  14. Slide 14: TPG Wireman, L.P. Twin Holding Ltd

    TPG Wireman, L.P. Twin Holding Ltd 970,468,828 33,464,442 2023 8 31 20 167,322,212 2024 1 8 2023 8 31 2023 2023 12 12 2023 12 15 2023 2023 12 11 4 30 183 17 1712 1716 2023 12 22 2023 12 28 2023 12 21 4 30 183 17 1712 1716 2023 8 31 2023 8 31 – 14 –

  15. Slide 15: – –

    2023 8 31 2023 8 31 2023 8 31 14 10 2023 8 31 – 15 –

  16. Slide 16: Website and board information

    (www.hkexnews.hk ) (www.hkbnltd.net ) 2023 8 31 Bradley Jay HORWITZ 2023 11 2 Bradley Jay HORWITZ SBS JP – 16 –

  17. Slide 17: Consolidated income statement

    2023 8 31 2023 2022 3 11,692,176 11,626,164 4(a) 18,708 62,842 (7,525,019) (7,155,803) 4(b) (3,444,559) (3,532,453) 4(e) (1,200,000) – 4(d) (702,303) (239,204) (742) 4,167 (69,592) (53,497) 4 (1,231,331) 712,216 5 (36,077) (158,895) (1,267,408) 553,321 6 (96.7) 42.2 6 (96.7) 37.4 – 17 –

  18. Slide 18: Consolidated comprehensive income statement

    2023 8 31 2023 2022 (1,267,408) 553,321 (14,750) (18,129) (326) (935) 1,051 (1,917) (14,025) (20,981) (1,281,433) 532,340 – 18 –

  19. Slide 19: Consolidated statement of financial position

    2023 8 31 2023 2022 7,816,507 9,016,507 2,775,801 3,202,607 3,418,992 3,731,436 689,568 705,607 464,533 513,045 4,332 56,920 6,284 17,110 – 15,359 66,674 26,724 72,289 98,531 15,314,980 17,383,846 105,681 111,478 7 909,394 967,414 465,921 463,892 – 25 315,420 237,189 5,663 57,449 – 192 1,016,769 1,1

  20. Slide 20: Statement of financial position (continued)

    2023 8 31 2023 2022 8 927,666 778,651 — 869,699 960,778 — 573,977 600,097 83,277 89,144 4,332 4,542 10,000 10,000 284,861 297,703 — 150,910 136,271 193,843 240,428 13,575 13,214 3,112,140 3,130,828 (279,515) (87,576) 15,035,465 17,296,270 — 18,000 54,000 — 160,162 145,807 684,672 800,662 — 385,105 3

  21. Slide 21: Notes to the financial statements

    1 2023 8 31 2 2023 8 31 2.80 (i) 5.74 15 (ii) 1.51 16 12 2 (a) 16 – 21 –

  22. Slide 22: Notes to the financial statements

    2 (a) 37 — 2022 9 1 (b) 2022 6 2022 2025 5 1 2023 7 2022 6 19 93(b) 19 93(b) 2022 6 2022 8 31 – 22 –

  23. Slide 23: Revenue notes

    3 (i) (ii) (iii) (iv) (a) (i) (ii) (iii) (iv) 2023 2022 4,670,790 4,697,959 1,117,214 750,192 368,288 364,789 6,156,292 5,812,940 4,474,348 4,765,564 1,061,536 1,037,159 15 11,692,176 11,615,663 – 10,501 11,692,176 11,626,164 2,392,820 2,433,159 4,825,008 4,427,441 1,934,378 2,351,289 2,539,970 2,41

  24. Slide 24: Notes on subsidiaries

    3 (b) 2019 12 13 Jardine OneSolution Holdings (C.I.) Limited Adura Hong Kong Limited ADURA CYBER SECURITY SERVICES PTE. LTD. (i) (ii) (i) – 24 –

  25. Slide 25: Segment information

    3 (b) (i) 2023 2022 8 31 2023 2022 2023 2022 2023 2022 3,604,800 3,773,979 869,548 991,585 4,474,348 4,765,564 7,055,052 6,586,239 162,776 274,361 7,217,828 6,860,600 10,659,852 10,360,218 1,032,324 1,265,946 11,692,176 11,626,164 39,007 45,521 296,542 317,178 335,549 362,699 10,698,859 10,405,739 1

  26. Slide 26: Segment reconciliation

    3 (b) (ii) 2023 2022 2,222,592 2,594,152 (702,303) (239,204) 8,853 2,857 (900,820) (933,828) (384,727) (411,384) (274,926) (293,854) – (6,523) (1,200,000) – (1,231,331) 712,216 (iii) (i) (ii) 2023 2022 2023 2022 10,659,852 10,360,218 15,191,136 17,288,978 656,716 781,784 56,292 67,817 – 116,759 – –

  27. Slide 27: Other income and expense notes

    4 2023 2022 8 31 8 31 (a) (8,853) (2,857) 2,460 2,313 – (6,771) – 6,523 – (40,033) (6,264) – (6,051) (22,017) (18,708) (62,842) (b) 356,622 372,138 – 714,198 728,941 – – 7,367 – 184,714 191,852 (584) (1,459) (888) – 66,786 61,327 4(c) 922,698 912,022 384,727 411,384 274,926 293,854 541,360 555,027 –

  28. Slide 28: Finance cost and impairment notes

    4 (c) 2023 2022 8 31 8 31 1,540,648 1,580,628 113,716 126,251 – 145 – 67 1,654,364 1,707,091 (51,149) (49,119) (420,531) (397,169) 1,182,684 1,260,803 922,698 912,022 259,986 348,781 1,182,684 1,260,803 (d) 2023 2022 8 31 8 31 681,096 302,161 4,283 3,834 – 3,125 20,853 18,621 829 1,180 25,470 – (30,

  29. Slide 29: Expense notes

    4 (e) 2023 2022 8 31 8 31 426,808 475,570 – 714,198 728,941 – – 7,367 – 186,622 197,520 – 514,060 514,254 – 11,848 13,028 – 6,959 7,464 – 785 785 – 719 759 – 1,508 1,721 66,786 61,327 * 1,200,000 – 32,201 32,118 2022 775,000 – (5,360) 4,255,791 4,453,689 1,068 1,581 * 2023 8 31 1,200,000,000 2022 20

  30. Slide 30: Income tax and earnings per share

    5 2023 2022 8 31 8 31 — 181,497 202,234 (907) (151) — 8,366 15,896 3,133 2,424 (156,012) (61,508) 36,077 158,895 2023 16.5% 2022 16.5% 200 8.25% 16.5% 2022 6 (a) 1,267,408,000 2022 553,321,000 2023 2022 8 31 8 31 9 1 1,311,599 1,311,599 II (5,666) (5,666) II 4,906 4,860 1,310,839 1,310,793 – 30 –

  31. Slide 31: Earnings per share and trade receivables

    6 (b) 2023 8 31 2023 8 31 2022 8 31 553,321,000 II II 2022 8 31 II 1,310,793 167,322 1,478,115 7 2023 2022 8 31 8 31 30 408,287 418,724 31 60 175,967 177,519 61 90 96,351 104,103 90 228,789 267,068 909,394 967,414 30 90 – 31 –

  32. Slide 32: Trade payables and dividends

    8 2023 2022 8 31 8 31 30 305,627 262,486 31 60 217,892 146,918 61 90 111,128 134,080 90 293,019 235,167 927,666 778,651 9 (i) 2023 2022 8 31 8 31 20 2022 40 262,320 524,640 20 2022 20 262,320 262,320 524,640 786,960 (ii) 2023 2022 8 31 8 31 20 2022 37.5 262,320 491,850 – 32 –

HKBN — FY2023 Earnings Presentation on 6ix