Kt Corporation · KRX:030200
Kt — Q3 2020 Earnings Presentation
17 slides from Kt's earnings presentation, Nov 6, 2020
Slide 1: KT 3Q20 Earnings Release
KT 3Q20 Earnings Release November 6, 2020 | Investor Relations KT
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp.(the “Company”) in accordance with K-IFRS. 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 c
Slide 3: Financial highlights, Business Overview, Appendix
1 Financial highlights 2 Business Overview 3 Appendix 3
Slide 4: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement â^™ Service revenue up +0.8% YoY due to the growth in Wireless/IPTV/B2B biz whereas Total revenue down -3.4% YoY with decrease in Handset sales â^™ Net income up +7.9%, Operating income down -6.4% - KT Separate OP: KRW 206.8 billion (YoY +4.6%) / Affiliates’
Slide 5: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 3Q19 2Q20 3Q20 QoQ YoY 19 YTD 20 YTD YoY Operating Expenses 5,901.2 5,534.7 5,708.8 3.1% -3.3% 17,143.8 16,692.1 -2.6% Labor Cost 959.4 983.7 1,082.3 10.0% 12.8% 2,949.3 3,069.9 4.1% General Expense 2,433.5 2,343.3 2,386.9 1.9% -1.9% 7,219.9
Slide 6: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 3Q 19 2Q 20 3Q 20 QoQ YoY Assets 33,661.3 34,003.4 35,860.5 5.5% 6.5% Cash & Cash Equivalents 2,128.4 2,942.2 2,990.9 1.7% 40.5% Liabilities 18,430.1 18,629.6 20,204.0 8.5% 9.6% Borrowings 6,408.3 7,987.6 7,850.9 -1.7% 22.5% Equity 15,231.1 1
Slide 7: Separate CAPEX
K-IFRS / Separate 4 CAPEX • FY2020 CAPEX guidance 3.1 trillion won and 1.78 trillion won executed till 3Q20 - Access Network 1,013.9bn, Backbone Network 246.9bn, B2B communications 321.5bn, others 201.8bn (Unit: KRW bn) 3,711 Access Network 3,313 Backbone Network 3,257 B2B Others 2,514 2,397 2,359 2
Slide 8: Business Overview
1 Financial Highlights 2 Business Overview 3 Appendix 8
Slide 9: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless â^™ Wireless service revenue up by +0.6% YoY with net addition of MNO subs despite the roaming sales decline affected by COVID-19 pandemic â^™ Total number of 5G subscribers reached 2.81 million (20% of Handset subscribers) in 3Q20 (Unit: KRW bn) 3Q19 2Q20 3Q20 QoQ
Slide 10: Separate KT – Fixed Line/IPTV
K-IFRS / Separate 2 KT – Fixed Line/IPTV â^™ Telephony and Broadband revenue down -7.0% and -0.3% YoY, respectively â^™ IPTV revenue up +11.9% YoY with subs increase and contract renewal of Home shopping transmission fee (Unit: KRW bn) 3Q19 2Q20 3Q20 QoQ YoY 19 YTD 20 YTD YoY Telephony 397.0 372.2 3
Slide 11: Separate KT – B2B and others
K-IFRS / Separate 3 KT – B2B and others â^™ B2B revenue up +0.8% YoY maintaining competitive advantage in IDC and expanding Cloud biz area toward public and finance sector (Unit: KRW bn) 3Q19 2Q20 3Q20 QoQ YoY 19 YTD 20 YTD YoY B2B 684.9 701.1 690.3 -1.5% 0.8% 1,993.2 2,066.2 3.7% Corporate Fixed Li
Slide 12: Major subsidiaries
4 Major subsidiaries â^™ BC card and KT Estate’s revenue down by -0.6% and -39.4%, respectively, due to decreased usage of credit cards and slump in rental business, impacted by COVID-19 â^™ Contents subsidiaries revenue up +8.6% YoY with volume growth in Digital Ad and T-Commerce Sales Revenue (Uni
Slide 13: Appendix
1 Financial Highlights 2 Business Overview 3 Appendix 13
Slide 14: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 1Q 19 2Q 19 3Q 19 4Q 19 2019 1Q 20 2Q 20 3Q 20 KT Separate 1Q 19 2Q 19 3Q 19 4Q 19 2019 1Q 20 2Q 20 3Q 20 Operating revenue 5,834.4 6,098.5 6,213.7 6,195.5 24,342.0 5,831.7 5,876.5 6,001.2 Operating revenue 4,334.3 4,558.5 4,705.7 4,606.218,204.7
Slide 15: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 KT Separate 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 Assets 33,247.8 33,469.4 33,661.3 34,061.3 32,631.0 34,003.4 35,860.5 Assets 26,837.7 26,959.8 27,076.4 27,733.9 27,069.1 27,578.0 28,185.5 Current asset
Slide 16: Separate Subscribers Wireless
K-IFRS / Separate 3 Subscribers Wireless 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 QoQ YoY Subscribers (Unit: Thousands)1) Total 21,333 21,549 21,771 21,922 21,976 22,133 22,333 0.9% 2.6% Net additions 213 216 222 150 55 157 200 27.0% -10.2% Gross additions 1,181 1,133 1,077 1,067 938 1,030 1,033 0.
Slide 17: KT
Kt