Slide 1: KT 2021 Earnings Release
KT 2021 Earnings Release February 9, 2022 | Investor Relations DIGICO 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
2 Financial Highlights 3 Business Overview 4 Appendix 3
Slide 4: 2021 Highlights
1 2021 Highlights Financial Revenue Revenue 24,898.0 bn. (YoY + 4.1%) 18,387.4 bn. (YoY + 2.8%) Consolidated KT Separate Operating Operating 1,671.8 bn. (YoY +41.2%) 1,068.2 bn. (YoY +21.6%) Profit Profit Operations Growth by DIGICO transformation Growth by Group restructuring Successful establishme
Slide 5: DIGICO transformation
2 DIGICO transformation • B2B+DIGICO revenue portion target to 50% by 2025, which is currently 40% in 2021 (KT Separate, service revenue) TELCO DIGICO Mobile·Broadband·TelephonyMedia·Mobile Platform +1.7% +15.0% B 2 9.18 9.34 1.86 2.14 C tr won tr won tr won tr won B2B 2019 2021 2019 2021 DIGICO 40%
Slide 6: 2022 Guidance
3 2022 Guidance • Sustaining solid revenue stream from Telco B2C • 『DIGICO growth acceleration』 with DX(Digital Transformation) and expansion of new biz. Consolidated KT Separate 19tr. +α 18.4tr. 17.9tr. 26tr. +α 2020 2021 2022(E) 24.9tr. 23.9tr. 16tr. +α 15.5tr. 15.1tr. 2020 2021 2020 2021 2022(E)
Slide 7: KT Revenue breakdown change
K-IFRS / 별도기준 4 KT Revenue breakdown change • Revenue breakdown has been changed for more efficient communication about KT DIGICO strategy • 4 Business categories by customer and BM – Telco B2C, DIGICO B2C, Telco B2B, DIGICO B2B As-is To-be Wireless Wireless Broadband Telco B2C Broadband B2C Telepho
Slide 8: Financial Highlights
1 2021 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 8
Slide 9: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Total revenue increased +4.1% YoY with balanced growth in both Telco and DIGICO business • Operating income increased +41.2% YoY with revenue growth and efficient cost spending (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021 YoY Operating Revenue 6,207.3 6,
Slide 10: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021 YoY Operating Expenses 6,045.5 5,835.0 6,254.1 7.2% 3.4% 22,732.6 23,226.2 2.2% Labor Cost 1,053.8 1,090.0 1,076.1 -1.3% 2.1% 4,123.7 4,215.8 2.2% General Expense 2,440.5 2,447.7 2,601.2 6.3% 6.6% 9,425.1 9,75
Slide 11: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY Assets 33,662.5 35,831.2 37,159.3 3.7% 10.4% Cash & Cash equivalents 2,634.6 3,088.9 3,019.6 -2.2% 14.6% Liabilities 18,111.1 19,733.7 20,592.1 4.4% 13.7% Borrowings 7,316.3 8,396.1 8,437.7 0.5% 15.3% Equity 15,551.4 16
Slide 12: Separate CAPEX
K-IFRS / Separate 4 CAPEX • CAPEX executed KRW 2,855.1 bn in 2021 (Unit: KRW bn) 3,313 3,257 2,872 2,855 2,514 2,397 2,359 2,250 1,977 2013 2014 2015 2016 2017 2018 2019 2020 2021 12
Slide 13: Business Overview
1 2021 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 13
Slide 14: Separate KT – Telco B2C
K-IFRS / Separate 1 KT – Telco B2C • Telco B2C revenue up +1.7% YoY with quality subs growth • Wireless revenue up +2.4% YoY with 5G subs portion reaching 45% of handset subscribers (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021 YoY Telco B2C 2,286.3 2,343.3 2,335.8 -0.3% 2.2% 9,186.8 9,339.5 1.7%
Slide 15: Separate KT – DIGICO B2C
K-IFRS / Separate 2 KT – DIGICO B2C • DIGICO B2C revenue up +5.8% YoY based on media, mobile platform biz. expansion • Media revenue up +6.1% YoY with consistent IPTV subs and platform revenue growth (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021 YoY DIGICO B2C 520.1 538.9 537.4 -0.3% 3.3% 2,026.0
Slide 16: Separate KT – Telco B2B
K-IFRS / Separate 3 KT – TELCO B2B • Telco B2B revenue up +5.1% YoY with balanced growth from corporate data and telephony • Corporate broadband/data revenue up +3.5% YoY based on data traffic growth (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021 YoY Telco B2B 463.6 498.9 500.8 0.4% 8.0% 1,884.7 1,
Slide 17: Separate KT – DIGICO B2B
K-IFRS / Separate 4 KT – DIGICO B2B • DIGICO B2B revenue up +2.5% YoY driven by Cloud/IDC • Cloud/IDC revenue up +16.6% YoY with increased Digital Transformation demand (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021 YoY DIGICO B2B 517.1 538.9 518.6 -3.8% 0.3% 1,988.7 2,038.9 2.5% Enterprise DX 290.
Slide 18: Major subsidiaries
K-IFRS / consolidated(each subsidiary) 5 Major subsidiaries • BC card revenue up +5.7% YoY with increased credit card transaction volume • Contents subsidiaries revenue up +20.4% YoY with growth of digital ads, T-commerce and others Major Subsidiaries (Unit: KRW bn) 4Q20 3Q21 4Q21 QoQ YoY 2020 2021
Slide 19: Appendix
1 2021 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 19
Slide 20: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 2021 KT Separate 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 2021 Operating revenue 6,207.3 6,029.4 6,027.6 6,217.4 6,623.6 24,898.0 Operating revenue 4,590.0 4,574.5 4,478.8 4,664.7 4,669.5 18,387.4 Service revenue 5,302.5 5,230.
Slide 21: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 KT Separate 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 33,662.5 33,547.6 34,139.0 35,831.2 37,159.3 28,027.9 27,693.7 28,203.4 28,607.5 29,362.4 Assets Assets Current assets 11,154.2 11,567.1 11,695.3 11,897.4 11,858.4 Current asset
Slide 22: Separate Subscribers
K-IFRS / Separate 3 Subscribers Wireless 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 QoQ YoY 1) Subscribers (Unit: Thousands) Total 22,305 22,427 22,621 22,735 22,799 0.3% 2.2% Net additions -28 122 194 114 64 -43.9% N/A Gross additions 999 1,165 1,041 986 1,064 7.9% 6.5% 2) Deactivation 1,026 1,043 847 871 1,000
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