Slide 1: 1Q24 Earnings Release
KT 1Q24 Earnings Release 2024.05.10 | 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: Agenda
1 1Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 3
Slide 4: 1Q24 Highlights
1 1Q24 Highlights Financials (Unit: KRW bn) Cons. Revenue 6,654.6bn (YoY +3.3%) Sep. Revenue 4,694.8bn (YoY +1.6%) Operating Operating Profit 506.5bn (YoY +4.2%) Profit 393.8bn (YoY +1.5%) 『Continued robust growth in B2C/B2B businesses and major subsidiaries』 • [B2C] Telco continues uptrend through
Slide 5: Financial Highlights
1 1Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 5
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Rev. +3.3% YoY through growth in both B2C/B2B businesses, Cloud/IDC and real estate • OP +4.2% YoY due to robust fundamentals despite increasing costs due to inflation (Unit: KRW bn) 1Q23 4Q23 1Q24 QoQ YoY Operating Revenue 6,443.7 6,687.6 6,654.6 -0.5% 3.3
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 1Q23 4Q23 1Q24 QoQ YoY Operating Expenses 5,957.6 6,422.0 6,148.1 -4.3% 3.2% Labor Cost 1,069.1 1,157.8 1,100.9 -4.9% 3.0% General Expense 2,604.0 2,843.7 2,674.2 -6.0% 2.7% - Depreciation 929.4 1,013.6 973.7 -3.9% 4.8% Cost of Service 717.3
Slide 8: Consolidated Balance Sheet
K-IFRS / Consolidated 3 Balance Sheet (Unit: KRW bn) Mar 31, ‘23 Dec 31, ’23 Mar 31, ‘24 QoQ YoY Assets 40,214.4 42,710.0 42,710.0 0.0% 6.2% Cash & Cash equivalents 2,109.2 2,879.6 3,000.7 4.2% 42.3% Liabilities 22,062.4 24,148.9 24,127.8 -0.1% 9.4% Borrowings 10,577.1 10,218.2 10,151.4 -0.7% -4.0%
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • ’24.Q1 CAPEX Execution: KRW 318.1bn (KT Separate), KRW 188.9 bn (Major Subsidiaries) (Unit: KRW bn) 3,452 3,533 3,319 692 813 907 ■ Major Subsidiaries’ CAPEX Includes Finance, Media, Cloud/IDC, Real Estate and etc. 2,760 2,721 2,412 ■ KT Separate CA
Slide 10: Business Overview
1 1Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 10
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless rev. +1.7% YoY, with 5G penetration reaching 74% and increased roaming revenue • Continued efforts to enhance services through 5G online-only plans, OTT subscription services, etc. (Unit: KRW bn) 1Q23 4Q23 1Q24 QoQ YoY Wireless 1,707.2 1,732.2 1,736.5 0.3
Slide 12: Separate KT - Fixed Line
K-IFRS / Separate 2 KT - Fixed Line • Broadband revenue +2.1% YoY, with increased GiGA subscribers and varied value-added services • Media revenue +2.3% YoY, led by increased premium IPTV subscribers (Unit: KRW bn) 1Q23 4Q23 1Q24 QoQ YoY Fixed Line 1,308.9 1,311.4 1,322.4 0.8% 1.0% Broadband 607.9 6
Slide 13: Separate KT - B2B Services
K-IFRS / Separate 3 KT - B2B Services • B2B Service rev. +5.0% YoY, through monetization of sizable projects and increased demand for AX services - Corp. Broadband/data revenue continued strong growth driven by increasing data traffic - 5 Major Growth Drivers Rev. +4.9% YoY through additional large-
Slide 14: Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • kt cloud revenue +17.8% YoY, with increased demand for IDC colocation and expansion of DBO • kt estate revenue +20.3% YoY, led by balanced growth from hotel, office, and housing rental Revenue of Major Subsidiaries (consolidated) (Unit: K
Slide 15: Appendix
1 1Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 15
Slide 16: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 1Q23 2Q23 3Q23 4Q23 1Q24 KT Separate 1Q23 2Q23 3Q23 4Q23 1Q24 Operating revenue 6,443.7 6,547.5 6,697.4 6,687.6 6,654.6 Operating revenue 4,619.0 4,487.4 4,673.0 4,592.0 4,694.8 Service revenue 5,597.5 5,834.4 5,842.5 5,720.2 5,722.7 Service reve
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q23 2Q23 3Q23 4Q23 1Q24 KT Separate 1Q23 2Q23 3Q23 4Q23 1Q24 Assets 40,214.4 39,756.0 43,974.8 42,710.0 42,710.0 Assets 30,386.9 29,592.2 30,814.8 30,308.9 30,334.8 Current assets 12,202.0 11,405.7 15,520.6 14,518.2 14,997.4 Current assets 6,972.1
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers (Unit: Thousands) Wireless Subscribers 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 QoQ YoY Total 24,332 24,621 24,903 24,897 24,834 -0.3% 2.1% - MNO 17,505 17,643 17,735 17,759 17,743 -0.1% 1.4% - MVNO 6,827 6,978 7,168 7,138 7,091 -0.7% 3.9% 5G Handset1) 8,796 9,117 9,408 9,722 9,
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