Kt Corporation · KRX:030200
Kt — Q1 2021 Earnings Presentation
22 slides from Kt's earnings presentation, May 2021
Slide 1: KT IR Presentation
KT IR PRESENTATION May 2021 | Investor Relations
Slide 2: 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 change witho
Slide 3: Financial Highlights / Appendix
2 Financial Highlights 3 Appendix 3
Slide 4: Revenue and operating profit
(Unit: KRW bn) (Unit: KRW bn) QoQ -2.9%, YoY 3.4% (Consolidated) QoQ 174.7%, YoY 15.4% (Consolidated) QoQ -0.3%, YoY 3.3% (KT Separate) QoQ 221.0%, YoY 21.4% (KT Separate) 444 6,207 6,001 6,029 385 5,832 5,877 344 366 294 301 4,590 4,575 4,521 254 4,429 4,340 209 162 114 1Q20 2Q20 3Q20 4Q20 1Q21 1Q2
Slide 5: AI/DX business growth with Telco + DX Platform
AI/DX* biz such as IDC/Cloud grew with ‘Telco + DX Platform’ such as Call Check-in ‘Un-tact’(Contact-free culture) expansion and Corp Messaging SVC launched in market Telephone Ⅹ AI/Intelligence NW Call DX Messaging Ⅹ AI/E-Authentication Messaging DX High-value subs in M· I ·T increased Group restru
Slide 6: AI/DX Revenue
(Unit: KRW bn) 684.2 (QoQ -2.8% , YoY 2.3%) AI/DX Revenue AI/DX (134.5) QoQ 4.6%, YoY 7.5% 134.5 * Design & Build & Operation Corp. IT/ Solution (280.4) 128.6 Corp. 125.2 Lines (269.3) 1Q21 1Q20 4Q20 1Q21 6
Slide 7: Group Media & Content Restructuring
Group Media & Content Restructuring – Establishing KT StudioGenie, Investment in kind, etc. Jan. 2021 March 2021 Apr. 2021 2H21 (E) Established Content Expert Secured a stake in Original Content StudioGenie joined as CO-CEO* StoryWiz and SkyTV to be released * Cheolyeon Kim, the CO-CEO, formerly ded
Slide 8: Financial subsidiary results: card and bank
Earnings grew as card transactions in a Rapid growth in asset size and number of recovery trend customers continues Revenue Deposit (KRW) 12.1T Operating Profit Loan (KRW) QoQ -2.6%, YoY 5.1% (Revenue) # of Accounts 8.7T QoQ 300.0%, YoY 0.9% (OP) (Unit: KRW, bn) 856 851 849 827 3.7T 787 2.7T 1.8T 4.
Slide 9: Wireless service revenue and subscribers
(Excl. Interconnection) YoY 2.2% YoY 0.7% QoQ 0.5% QoQ 0.2% 1,659 1,668 1,632 1,636 (KRW) 1,616 * 32,003 31,946 31,773 31,620 31,393 * 1.8 12.5% 2.2 15.7% 2.8 19.6% 3.6 25.2% 30.7% 4.4 20.2 19.9 19.5 18.7 18.0 1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21 SVC Revenue (KRW, bn) # of Subscribers (
Slide 10: Internet, TV and fixed-line revenue and subscribers
(Excl. Interconnection) (Excl. Interconnection) YoY 0.6% YoY 6.8% YoY -3.2% QoQ 0.5% QoQ 1.7% QoQ -1.1% 485.8 486.3 488.8 459.3 479.9 482.3 446.2 318.5 312.7 309.4 311.8 438.6 308.4 417.7 407.6 14.03 13.86 13.73 13.58 13.46 9.17 9.28 9.04 9.13 8.96 8.56 8.69 8.76 8.89 8.42 1Q20 2Q20 3Q20 4Q20 1Q21 1
Slide 11: 2021 outlook
(Unit : KRW trillion) (Unit : KRW trillion) 25+α 4% growth 24.3 15.1 23.9 14.9 2019 2020 2021(E) 2019 2020 2021(E) 11
Slide 12: ESG: RE100, Net Zero, governance
‘RE100*’ Domestic TOP level in Transparency·Independence·Diversity Net Zero by 2050 Customer information security In Board of Director *Renewable Energy 100% : A global initiative that businesses commit to 100% renewable electricity 12
Slide 13: Appendix
1 Business Overview 2 Financial Highlights 3 Appendix 13
Slide 14: Income Statement
K-IFRS / Consolidated 1 Income Statement • Total revenue increased YoY +3.4% with balanced growth in both Telco and Digital platform business • Operating income increased YoY +15.4% with efficient cost spending (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY Operating Revenue 5,831.7 6,207.3 6,029.4 -2.9% 3.4
Slide 15: Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY Operating Expenses 5,446.9 6,045.5 5,585.2 -7.6% 2.5% Labor Cost 1,003.9 1,053.8 1,024.2 -2.8% 2.0% General Expense 2,257.7 2,440.5 2,320.7 -4.9% 2.8% - Depreciation 912.4 905.4 901.2 -0.5% -1.2% Cost of Service Provide
Slide 16: Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY Assets 33,167.9 33,662.5 33,547.6 -0.3% 1.1% Cash & Cash equivalents 1,627.1 2,634.6 2,753.1 4.5% 69.2% Liabilities 18,099.2 18,111.1 18,209.7 0.5% 0.6% Borrowings 7,286.9 7,316.3 7,724.6 5.6% 6.0% Equity 15,068.8 15,55
Slide 17: CAPEX
K-IFRS / Separate 4 CAPEX • CAPEX executed 289.4 bn won in 1Q21 - Access Network 149.7 bn, Backbone Network 34.2 bn, B2B communications 61.1 bn, others 44.4 bn (Unit: KRW bn) Access Network Backbone Network B2B 3,313 Others 3,257 2,872 2,514 2,397 2,359 1,870 2,250 1,977 2,199 1,593 1,362 1,133 1,31
Slide 18: Appendix
1 Business Overview 2 Financial Highlights 3 Appendix 18
Slide 19: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 1Q 20 2Q 20 3Q 20 4Q 20 2020 1Q 21 KT Separate 1Q 20 2Q 20 3Q 20 4Q 20 2020 1Q 21 Operating revenue 5,831.7 5,876.5 6,001.2 6,207.3 23,916.7 6,029.4 Operating revenue 4,429.1 4,339.6 4,520.5 4,590.0 17,879.2 4,574.5 Service revenue 5,107.0 5,196.
Slide 20: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 KT Separate 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 Assets 33,167.9 34,572.2 36,449.2 33,662.5 33,547.6 Assets 27,606.1 28,146.8 28,774.1 28,027.9 27,693.7 Current assets 10,881.6 12,474.5 14,211.2 11,154.2 11,567.1 Current asset
Slide 21: Subscribers
K-IFRS / Separate 3 Subscribers Wireless 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 QoQ YoY Subscribers (Unit: Thousands)1) Total 21,976 22,133 22,333 22,305 22,427 0.5% 2.1% Net additions 55 157 200 -28 122 N/A 123.4% Gross additions 938 1,030 1,033 999 1,165 16.7% 24.2% Deactivation2) 884 873 833 1,026 1,043 1
Slide 22: Slide 22