Sk Telecom Co., Ltd. · KRX:017670
Sk Telecom — Q2 2023 Earnings Presentation
23 slides from Sk Telecom's earnings presentation, Aug 8, 2023
Slide 1: Investor Briefing: Earnings for Q2, 2023
Investor Briefing Earnings for Q2, 2023 2023. 8. 8.
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements with respect to the financial condition, results of operations, and business of SK Telecom (the “Company”, or “SKT”) and its subsidiaries, and plans and objectives of the management of the Company. The forward- looking statements are i
Slide 3: 2Q23 Financial Results
2Q23 Financial Results Business Highlights Shareholder Return Appendix
Slide 4: 2Q23 Financial Results Consolidated
2Q23 Financial Results Consolidated Continued YoY growth of consolidated earnings thanks to the increase in SKB B2B sales higher Data Center utilization Consolidated Income Statement Key Metrics (KRW bn) 2Q23 2Q22 YoY 1Q23 QoQ OP & margin (KRW bn) Revenue 4,306 4,290 0.4% 4,372 △1.5% - SKT 3,119 3,1
Slide 5: 2Q23 Financial Results Non-consolidated
2Q23 Financial Results Non-consolidated Slower revenue growth due to temporary response to competition but sustained cost stabilization trend Non-consolidated Income Statement Key Metrics (KRW bn) 2Q23 2Q22 YoY 1Q23 QoQ OP & margin (KRW bn) Revenue 3,119 3,118 0.0% 3,117 0.1% - MNO 2,618 2,616 0.1%
Slide 6: 2Q23 Financial Results SK Broadband
2Q23 Financial Results SK Broadband Revenue and profit growth supported by B2C business growth centered on subscribers with higher ARPU and expansion of B2B business Consolidated Income Statement Key Metrics (KRW bn) 2Q23 2Q22 YoY 1Q23 QoQ OP & margin (KRW bn) Revenue 1,068 1,033 3.4% 1,062 0.6% 83
Slide 7: Business Highlights
2Q23 Financial Results Business Highlights Shareholder Return Appendix
Slide 8: Business Highlights Fixed & Mobile
Business Highlights Fixed & Mobile 5G subscribers & portion Marketing expense (million) (KRW bn) Continuing subscriber growth with new 5G price plans to meet YoY and QoQ decline to maintain a stable trend diverse customer needs 14.7 14.1 13.4 798 12.5 11.7 762 758 757 754 63% 61% 58% 53% 50% 2Q22 3Q
Slide 9: Business Highlights Media
Business Highlights Media Media revenue (KRW bn) PPM1) subscribers (1,000) 403 395 1,411 2)) 1,411 2) 393 387 1,370 382 1,368 1,322 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 1) Pay Per Month 2) Base adjusted with product mix change in Q3 and Q4 Media revenue of KRW 386.5bn, up 1.2% YoY • Eff
Slide 10: Business Highlights Enterprise
Business Highlights Enterprise Enterprise revenue (KRW bn) Data Center revenue (KRW bn) 407 49 392 386 46 380 372 42 40 ) 37 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 Enterprise revenue of KRW 407.1bn, up 9.2% YoY Cloud revenue* (KRW bn) • Continued scale-up with the opening of Bundang 2 Cen
Slide 11: Business Highlights AIVERSE
Business Highlights AIVERSE Subscription GMV Subscription subscribers (T universe) (KRW bn) (million) ※ Recalculated due to changes in GMV basis and addition of businesses 323 2.0 + 311 1.8 + 281 1.6 266 1.4 240 1.2 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 ifland MAU ifland cumulative downl
Slide 12: A Dot service update and direction
Business Highlights A Dot service update and direction Completely revamped A Dot service to expand the spectrum of chat services and strengthen A dot content offerings Plan to offer telco-focused services through A dot by linking it with SKT’s various MNO points of contact Major updates Future servi
Slide 13: Launch of Global Telco AI Alliance
Business Highlights Launch of Global Telco AI Alliance The official launch of the Global Telco AI Alliance to mobilize AI capabilities of global telcos To create new business opportunities by developing AI services and Telco AI Platform Global Telco AI Alliance members Scope of AI business cooperati
Slide 14: Equity investment in Anthropic
Business Highlights Equity investment in Anthropic USD 100m investment in Anthropic that has global top-tier talent and technology in order to develop telco-specific LLM for global AI ecosystem expansion Why Anthropic Investment overview and expected benefits Expand the technology basis to develop a
Slide 15: Equity investment in Joby Aviation
Business Highlights Equity investment in Joby Aviation USD 100m investment in Joby Aviation with outstanding technology on UAM aircraft in order to secure UAM business rights and build a cooperative relationship for UAM commercialization SKT AI technology & UAM Structure of investment and expected s
Slide 16: Shareholder Return
2Q23 Financial Results Business Highlights Shareholder Return Appendix
Slide 17: Shareholder Return
Shareholder Return Q2 DPS determined at KRW 830 and decision to purchase treasury shares worth KRW 300bn and cancel KRW 200bn of them to increase shareholder return Overview of a trust contract to acquire treasury shares Overview of treasury stock cancellation Contract amount: KRW 300bn Size of canc
Slide 18: Appendix
2Q23 Financial Results Business Highlights Shareholder Return Appendix
Slide 19: Financial Statements – Consolidated
Appendix Financial Statements – Consolidated Consolidated Income Statement Consolidated Balance Sheet (KRW bn) 1Q22 2Q22 3Q22 4Q22 ’22년 1Q23 2Q23 (KRW bn) 3-31-22 6-30-22 9-30-22 12-31-22 3-31-23 6-30-23 Operating revenue 4,277.2 4,289.9 4,343.4 4,394.5 17,305.0 4,372.2 4,306.4 Total assets 30,574.7
Slide 20: Financial Statements - Non-consolidated
Appendix Financial Statements - Non-consolidated Non-consolidated Income Statement Non-consolidated Balance Sheet (KRW bn) 2021 1Q22 2Q22 3Q22 4Q22 2022 1Q23 (KRW bn) 12-31-21 3-31-22 6-30-22 9-30-22 12-31-22 3-31-23 Operating revenue 3,077.4 3,118.2 3,122.6 3,096.3 12,414.6 3,117.3 3,119.2 Total as
Slide 21: Financial Statements - SKB
Appendix Financial Statements - SKB Consolidated Income Statement Consolidated Balance Sheet (KRW bn) 1Q22 2Q22 3Q22 4Q22 ’22년 1Q23 2Q23 (KRW bn) 3-31-22 6-30-22 9-30-22 12-31-22 3-31-23 6-30-23 Operating revenue 1,026.0 1,032.8 1,044.2 1,053.3 4,156.3 1,061.5 1,068.3 Assets 5,931.6 6,103.6 6,120.9
Slide 22: Operating Data
Appendix Operating Data Subscribers (Thousands) 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 YoY QoQ SKT MNO Subscribers 1) 29,383 29,422 29,696 29,832 30,250 30,440 30,452 30,552 31,159 3.0% 2.0% Net adds 74 39 274 136 418 190 12 100 607 45.1% 506.8% Activations 777 788 1,057 837 1,076 914 660 757
Slide 23: SK telecom
SK telecom