Kt Corporation · KRX:030200
Kt — Q3 2019 Earnings Presentation
16 slides from Kt's earnings presentation, Nov 8, 2019
Slide 1: KT 3Q19 Earnings Release
PEOPLE. TECHNOLOGY. Global No. 1 KT KT 3Q19 Earnings Release 2019. 11. 8 Investor Relations
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: Contents
Contents 1 2 3 4 Financial Highlights Business Overviews Q&A Appendix
Slide 4: Financial Highlights: Income Statement
K-IFRS / Consolidated 1-1 Financial Highlights Income Statement (Unit: KRW bn) Operating Revenue KRW 6.21tn, YoY +4.5% 3Q18 2Q19 3Q19 QoQ YoY◾ Operating Revenue 5,948.5 6,098.5 6,213.7 1.9% 4.5% Service Revenue KRW 5.06tn, YoY -0.8% Service Revenue 5,096.9 5,088.2 5,058.1 -0.6% -0.8% Merchandise Rev
Slide 5: Financial Highlights: Operating Expenses
K-IFRS / Consolidated 1-2 Financial Highlights Operating Expenses (Unit: KRW bn) Operating Expenses KRW 5.90tn, YoY +5.8% 3Q18 2Q19 3Q19 QoQ YoY◾ Labor Cost Operating Expenses 5,579.0 5,810.3 5,901.2 1.6% 5.8% KRW 959.4bn, YoY +3.1% Labor Cost 930.1 1,006.1 959.4 -4.6% 3.1%◾ General Expense General
Slide 6: Financial Highlights: Financial Position
K-IFRS / Consolidated 1-3 Financial Highlights Financial Position (Unit: KRW bn) Debt Position 3Q 18 2Q 19 3Q 19 QoQ YoY ◾ Borrowings: KRW 6.41tn Assets 32,794.8 33,469.4 33,661.3 0.6% 2.6% ◾ Net Debt: KRW 4.28tn Cash & Cash Equivalents 2,718.1 2,250.1 2,128.4 -5.4% -21.7% Liabilities 18,093.3 18,46
Slide 7: Financial Highlights: CAPEX
K-IFRS / Separate 1-4 Financial Highlights CAPEX (Unit: KRW bn) Access Network Backbone Network B2B Others 2019 CAPEX YTD ◾ Executed KRW 2.1tn ◾ Focused on access network investment for 5G CAPEX Breakdown ◾ Access Network: KRW 1.51tn◾ Backbone Network: KRW 193.4bn◾ B2B: KRW 191.4bn◾ Others: KRW 196.
Slide 8: Contents
Contents Financial Highlights Business Overviews Q&A Appendix 1 2 3 4
Slide 9: Business Overview: Wireless
K-IFRS / Consolidated 2-1 Business Overview Wireless (Unit: KRW bn) Wireless down by 0.2% YoY 3Q18 2Q19 3Q19 QoQ YoY◾ Service revenue up by 1.0% YoY Wireless 1,760.1 1,743.4 1,756.4 0.7% -0.2% due to 5G subscriber increase Service 1,638.9 1,643.6 1,656.0 0.7% 1.0% Interconnection 121.2 99.7 100.4 0.
Slide 10: Business Overview: Wireline
K-IFRS / Consolidated 2-2 Business Overview Wireline (Unit: KRW bn) Wireline down by 1.5% YoY 3Q18 2Q19 3Q19 QoQ YoY Wireline 1,186.4 1,188.9 1,168.2 -1.7% -1.5% Telephony Telephony 421.1 400.1 396.7 -0.9% -5.8%◾ Revenue down by 5.8% YoY Broadband 499.7 506.1 503.3 -0.6% 0.7% on cord-cutting and usa
Slide 11: Business Overview: Media / Contents
K-IFRS / Consolidated 2-3 Business Overview Media / Contents (Unit: KRW bn) Media/Contents up by 13.8% YoY 3Q18 2Q19 3Q19 QoQ YoY Media / Contents 616.2 689.9 701.3 1.7% 13.8% Media Media 493.2 544.1 548.7 0.8% 11.3%◾ IPTV net adds of 116K Contents 123.0 145.8 152.7 4.7% 24.1%◾ Media revenue up by 1
Slide 12: Business Overview: Finance and Others
K-IFRS / Consolidated 2-4 Business Overview Finance and Others (Unit: KRW bn) Finance down by 5.2% YoY 3Q18 2Q19 3Q19 QoQ YoY Finance 882.3 849.8 836.2 -1.6% -5.2% Other Services down by 8.6% YoY Other Services 652.0 616.1 596.0 -3.3% -8.6% ◾ IT/Solution services revenue up IT / Solution 273.1 293.9
Slide 13: Contents
Contents Financial Highlights Business Overviews Q&A Appendix 1 2 3 4
Slide 14: K-IFRS Income Statement
4-1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 KT Separate 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 Operating revenue 5,710.2 5,806.9 5,948.5 5,994.5 5,834.4 6,098.5 6,213.7 Operating revenue 4,297.2 4,283.0 4,358.2 4,418.2 4,334.3 4,558.5 4,705.7
Slide 15: K-IFRS Balance Sheet
4-2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 KT Separate 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 Asset 30,618.1 30,118.3 32,794.8 32,188.8 33,247.8 33,469.4 33,661.3 Asset 24,790.1 24,528.5 24,958.9 26,010.9 26,837.7 26,959.8 27,076.4 Current asset
Slide 16: Subscribers: Wireless
K-IFRS / Separate 4-3 Subscribers Wireless 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 QoQ YoY Subscribers (Unit: 1,000)1) Total 20,378 20,662 20,920 21,120 21,333 21,549 21,771 1.0% 4.1% Net additions 363 284 258 200 213 216 222 2.9% -13.8% Gross additions 1,211 1,160 1,200 1,179 1,181 1,133 1,077 -4