Hkbn Ltd. · HKEX:1310

Hkbn — FY2022 Earnings Presentation

36 slides from Hkbn's earnings presentation, April 2022

  1. Slide 1: HKBN Ltd. 2022 Annual Results

    HKBN Ltd. 1310 2022 2 28 2022 2 28 2022 2022 34 • 9% 1% 94% 68.03 13.20 7.58 2021 2022 30% 5% 2% • 9% 68.03 1% 13.20 • 40 2021 39 3% –1–

  2. Slide 2: Partnership+ and Metcalfe's Law

    Partnership+ 1990 100 110,000 Metcalfe’s Law Partnership+ Disney+ 2021 11 140,000 Disney+ 100 3.5 SIM 350 1,000 35% 3 5G HOME+ HOME+ $1 $2 HOME+ Cisco Microsoft Apple PwC DarkLab AWS UiPath 10 StarHub 110,000 2,905 (ICT) –2–

  3. Slide 3: Partnership+

    100 4,700 2016 6 Energenz Blue Sky 0 550 * Partnership + –3–

  4. Slide 4: Financial results summary

    1 2022 2 28 2021 2 28 6,803,050 6,229,584 +9% – 2,290,870 2,615,595 -12% – 1,294,917 1,248,523 +4% – 1,224,398 1,224,434 -0% – 1,992,865 1,141,032 +75% 304,330 48,562 >100% 1, 2 479,790 385,016 +25% *1,3 1,319,543 1,311,817 +1% *1,3 1,118,968 1,077,828 +4% *1,4 31.8% 28.1% +3.7 1,5 757,750 391,457 +

  5. Slide 5: Operating metrics and ARPU

    2 2022 2021 2021 2 28 8 31 2 28 7,932 7,584 7,418 +7% – 120 119 118 +2% – 421 423 434 -3% 6 – 37.1% 36.9% 36.7% +0.4 – 24.3% 24.9% 25.1% -0.8 106 107 105 +1% 9 1.3% 1.5% 1.3% +0 ARPU 10 2,905 3,058 3,028 -4% 2,489 2,466 2,438 +2% – 889 886 886 +0% – 458 474 485 -6% 6 – 33.8% 34.2% 34.6% -0.8 – 21.9%

  6. Slide 6: Notes

    (1) (2) (3) (4) (5) II (6) 2021 12 (7) 100% –6–

  7. Slide 7: Notes and definitions

    (8) ARPU IDD ARPU ARPU ARPU (9) 100% (10) ARPU IDD (i) (ii) (11) ARPU IDD ARPU ARPU ARPU (12) IDD –7–

  8. Slide 8: Year highlights and StarHub acquisition

    2022 2022 2022 1 3 StarHub Ltd. HKBN JOS (SINGAPORE) PTE. LTD. HKBN JOS (MALAYSIA) SDN. BHD. 60% 40% StarHub Ltd. 9% 1% 94% 68.03 13.20 7.58 • 3.25 12% 22.91 IDD 2022 2021 2021 12 31 120,000 37.1% ARPU 3,028 2,905 2022 4% 12.95 –8–

  9. Slide 9: Residential and enterprise segment highlights

    FixIT • 12.24 ARPU 2% 187 Disney+ OTT 2022 0.9% 889,000 2021 12 31 33.8% ARPU 3% 111 243,000 5G HOME+ Over-The-Top (OTT) 5G • 75% 19.93 5.73 15% 45 9.33 43% 30.87 IDD 5,200 3% 18.40 700 2,500 3,200 1,600 –9–

  10. Slide 10: ICT and segment performance

    3.25 67% 1.06 4,800 1.45 5,700 3,100 4,200 91% 8,000 527% 3.04 25% 4.80 2022 2.19 13.12 1% 13.20 10.78 4% 11.19 28.1% 3.7 31.8% IDD 94% 7.58 3,400 1.21 1.14 3,000 ICT – 10 –

  11. Slide 11: Strategic initiatives and ARPU

    — 2021 10 IV — — — ARPU Disney+ OTT WiFi 6 HOME+ — 5G — 3.5 2022 2 28 11.54 2021 8 31 15.27 118.14 2021 8 31 121.24 106.60 2021 8 31 105.97 2022 2 28 3.88 2021 8 31 5.08 2022 2 28 2.2 2021 8 31 2.2 – 11 –

  12. Slide 12: Financing and debt

    2022 2 28 4.7 2021 8 31 4.6 2.3% 2021 8 31 2.6% 2022 2 28 3.8 2021 8 31 4.3 2021 8 31 2022 2 28 2022 2 28 16.55 2021 8 31 14.64 2022 2 28 2020 10 30 2023 5 31 2.6 39.00 0.399% 9 2022 2 28 1,700 2021 8 31 3,800 – 12 –

  13. Slide 13: StarHub transaction

    2022 2 28 2.25 2021 8 31 1.91 3,400 1983 7.80 1.00 2021 11 10 HKBN JOS Holdings (C.I.) Limited StarHub Ltd. HKBN JOS (SINGAPORE) PTE. LTD. HKBN JOS (MALAYSIA) SDN. BHD. 60% 1,500 8,700 2022 1 3 40% 2021 11 10 2022 1 3 2022 – 13 –

  14. Slide 14: Share award scheme III Plus

    2022 2 28 4,700 2021 8 31 5,218 2015 2 21 2017 12 27 2019 9 4 2021 10 21 II III III Plus * III Plus IV * (i) 2019 4 30 Metropolitan Light Company Limited WTT Holding Corp WTT WTT (ii) 2019 6 21 III III Plus II II 2015 2 21 7 3 7 3 25% 25% 50% – 14 –

  15. Slide 15: Share award scheme II

    II (i) 2015 3 12 10% (ii) 10% II II II II 5,666,666 0.56% II II 2022 1 30 2 26 2022 2022 2022 2022 2 28 2021 2022 9 1 2 28 2021 2022 2019 1 30 329,330 97,010 – – 97,010 – – – 2019 2 26 126,410 54,002 – – 54,002 – – – 455,740 151,012 – – 151,012 – – – III Plus III Plus 2019 9 4 III – 15 –

  16. Slide 16: Share award scheme III Plus and IV

    III Plus 2019 2020 2021 2019 2020 2021 2.53 2019 2020 2021 3.03 1.33 2019 7 29 2019 2020 2021 2.53 III Plus 2022 10 IV IV 2021 10 21 III Plus IV 2022 2023 2024 2022 2023 2024 3.01 IV CO4 2021 9 21 – 16 –

  17. Slide 17: Share awards granted 2022

    2022 IV 2022 2022 2022 2022 2 28 2 28 2 28 III Plus 2022 * IV C04 — 848,002 1,051,563 – 1,899,565 0.14% 5.14% — 556,007 1,051,563 – 1,607,570 0.12% 4.35% 667,800 99,381 – 767,181 0.06% 2.07% 7,416,120 1,377,656 – 8,793,776 0.67% 23.78% 9,487,929 3,580,163 – 13,068,092 1.00% 35.34% * 2021 9 21 2022 4

  18. Slide 18: Meeting notice

    2022 5 13 2022 5 17 2022 5 12 4 30 183 17 1712 1716 2022 2022 2022 2410 2022 14 10 2022 – 18 –

  19. Slide 19: Directors

    (www.hkexnews.hk) (www.hkbnltd.net) 2022 Bradley Jay HORWITZ 2022 4 21 Bradley Jay HORWITZ SBS JP Zubin Jamshed IRANI – 19 –

  20. Slide 20: Consolidated income statement

    2022 2 28 2022 2021 2 28 2 28 3 6,803,050 6,229,584 4(a) 37,085 5,205 (4,499,739) (3,926,277) (1,839,751) (1,892,206) 4(d) (106,420) (325,496) (744) – (8,794) (272) 4 384,687 90,538 5 (80,357) (41,976) 304,330 48,562 6 23.2 3.7 6 20.6 3.3 – 20 –

  21. Slide 21: Comprehensive income

    2022 2 28 2022 2021 2 28 2 28 304,330 48,562 7,079 9,634 (1,917) – 5,162 9,634 309,492 58,196 – 21 –

  22. Slide 22: Consolidated balance sheet

    2022 2 28 2022 2021 2 28 8 31 9,016,507 9,016,507 3,364,933 3,606,163 3,779,820 3,901,090 194,875 198,828 592,809 681,349 541,900 564,849 53,319 4,816 9,085 17,879 15,359 – 44,544 68,913 73,350 91,958 17,686,501 18,152,352 112,313 110,615 8 1,250,553 1,073,306 513,754 353,015 230,071 211,945 57 – 60

  23. Slide 23: Balance sheet (continued)

    2022 2 28 2022 2021 2 28 8 31 — 2,128 30,397 — 161,448 194,818 840,449 904,848 — 248,402 305,129 62,658 62,442 10,851,632 10,831,416 30,813 37,376 12,197,530 12,366,426 5,292,804 5,537,763 132 132 5,292,672 5,537,631 5,292,804 5,537,763 – 23 –

  24. Slide 24: Dividends

    1 2022 2 28 34 2021 4 21 2022 2021 8 31 2 34 2021 8 31 2410 2022 2 28 1.96 7.79 15 1.40 16 12 – 24 –

  25. Slide 25: Revenue notes

    2 • 16 2021 6 30 2019 • 9 39 7 4 16 — 3 (i) (ii) (iii) (iv) (a) (i) (ii) (iii) (iv) 2022 2021 2 28 2 28 2,322,403 2,373,623 442,584 715,216 183,256 241,648 2,948,243 3,330,487 3,287,782 2,389,555 556,524 480,192 15 6,792,549 6,200,234 10,501 29,350 6,803,050 6,229,584 – 25 –

  26. Slide 26: Segment information

    3 (a) 2022 2021 2 28 2 28 1,224,398 1,224,434 2,290,870 2,615,595 1,294,917 1,248,523 1,992,865 1,141,032 6,803,050 6,229,584 10% 3(b) (b) 2019 12 13 Jardine OneSolution Holdings (C.I.) Limited Adura Hong Kong Limited ADURA CYBER SECURITY SERVICES PTE. LTD. – 26 –

  27. Slide 27: (b) (i) (ii)

    3 (b) (i) (ii) – 27 –

  28. Slide 28: Segment revenue by geography

    3 2022 2021 2022 2021 2022 2021 2 28 2 28 2 28 2 28 2 28 2 28 2,716,360 1,900,673 571,422 488,882 3,287,782 2,389,555 3,333,061 3,602,210 182,207 237,819 3,515,268 3,840,029 6,049,421 5,502,883 753,629 726,701 6,803,050 6,229,584 34,605 17,149 151,392 171,983 185,997 189,132 6,084,026 5,520,032 905,

  29. Slide 29: Expense breakdown

    4 2022 2021 2 28 2 28 (a) (1,535) (1,271) 8,090 11,381 (4,512) (4,512) – 309 (26,859) – (12,269) (11,112) (37,085) (5,205) (b) 172,472 172,514 — 355,454 373,129 — 3,953 3,953 — 95,018 102,733 650 418 – (148) 59,887 43,818 4(c) 509,624 516,565 209,153 241,497 148,658 148,039 284,882 289,688 — 41,145

  30. Slide 30: Staff costs and expenses

    4 (c) 2022 2021 2 28 2 28 830,001 868,444 64,003 59,933 145 269 67 70 894,216 928,716 (24,901) (29,492) (160,048) (197,804) 709,267 701,420 509,624 516,565 199,643 184,855 709,267 701,420 2021 2 28 104,356,000 85,237,000 2022 2 28 – 30 –

  31. Slide 31: Impairment and other items

    4 (d) 2022 2021 2 28 2 28 126,237 95,211 480 528 – 56,640 5,623 2,340 9,473 12,634 631 777 – 145,463 (36,024) 11,903 106,420 325,496 (e) 2022 2021 2 28 2 28 241,246 293,003 — 355,454 373,129 — 3,953 3,953 — 97,852 130,436 205,537 176,635 6,654 7,102 59,887 43,818 16,521 19,047 3,087,159 2,153,892 48

  32. Slide 32: Income tax and earnings per share

    5 2022 2021 2 28 2 28 (112,262) (92,964) (8,572) (6,651) 40,477 57,639 (80,357) (41,976) 2022 2 28 16.5% 2021 2 28 16.5% 2 8.25% 16.5% 2021 6 (a) 304,330,000 2021 2 28 48,562,000 II 1,310,746,140 2021 2 28 1,310,674,671 2022 2021 2 28 2 28 2020 2021 9 1 1,311,599 1,311,599 II (5,667) (5,667) II 4,81

  33. Slide 33: Earnings per share (continued)

    6 (b) 304,330,000 2021 2 28 48,562,000 II II 2022 2021 2 28 2 28 II 1,310,746 1,310,675 II – 411 167,322 167,322 1,478,068 1,478,408 7 2022 2 28 2021 11 10 60% 7,400 2022 1 40% – 33 –

  34. Slide 34: Acquisition details

    7 2022 2 28 2021 8 31 37,969 6,094 51,026 1,245 62,488 22,548 84,573 19,571 3,633 (105,713) (16,101) (1,340) (11,028) (7,406) (1,104) (6,034) (42,498) 97,923 (97,923) 73,719 1,917 49,146 26,859 73,719 – 34 –

  35. Slide 35: Receivables and payables

    8 2022 2021 2 28 8 31 30 425,964 391,683 31 60 230,703 211,658 61 90 149,234 114,712 90 444,652 355,253 1,250,553 1,073,306 30 90 9 2022 2021 2 28 8 31 30 352,488 388,941 31 60 307,907 111,618 61 90 129,895 132,769 90 156,170 302,536 946,460 935,864 – 35 –

  36. Slide 36: Share capital

    10 (i) 2022 2021 2 28 2 28 40 2021 2 28 39 524,640 511,524 2022 1,311,599,356 2021 1,311,599,356 (ii) 2022 2021 2 28 2 28 37.5 2021 2 28 38 491,850 498,408 – 36 –

HKBN — FY2022 Earnings Presentation on 6ix