Slide 1: KT 3Q23 Earnings Release
KT 3Q23 Earnings Release 2023. 11. 7 | 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: Financial Highlights, Business Overview, Appendix
2 Financial Highlights 3 Business Overview 4 Appendix 3
Slide 4: 3Q23 Highlights
1 3Q23 Highlights Financials Continued robust growth of B2C/B2B businesses and subsidiaries (Unit: KRW) Revenue Consolidated 6,697.4bn (YoY +3.4%) KT Separate 4,673.0bn (YoY +1.8%) Operating Profit 321.9bn (YoY -28.9%) 193.5bn (YoY -40.2%) ※ Excluding the impact of wage negotiation results and conte
Slide 5: Financial Highlights
1 3Q23 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 5
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue +3.4% YoY due to balanced growth of B2C/B2B businesses and subsidiaries • OP -28.9% YoY due to wage negotiation(reflected 4Q’22, 3Q’23) results and content sourcing cost smoothing ※ Excluding the impact of the above, consolidated OP is KRW 512.2bn (
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 3Q22 2Q23 3Q23 QoQ YoY Operating Expenses 6,024.3 5,971.4 6,375.5 6.8% 5.8% Labor Cost 1,075.3 1,131.5 1,191.0 5.3% 10.8% General Expense 2,586.0 2,690.6 2,732.8 1.6% 5.7% - Depreciation 906.8 929.2 937.9 0.9% 3.4% Cost of Service Provided 88
Slide 8: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) Sept 30, ‘22 June 30, ‘23 Sept 30, ‘23 QoQ YoY Assets 40,651.5 39,756.0 43,974.8 10.6% 8.2% Cash & Cash equivalents 3,095.1 1,805.5 3,110.4 72.3% 0.5% Liabilities 22,745.9 21,302.3 25,253.1 18.5% 11.0% Borrowings 10,366.6 10,036.0 10,309.5 2.
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • 3Q23(acc.) CAPEX execution : KRW 1,600.4bn (KT separate), KRW 652.8bn (major subsidiaries) (Unit: KRW bn) KT(별도) KT(Sep.) 주요 그룹사 Major Subsidiaries * KT(sep) + kt cloud 3,452 3,502 3,127 692 782 462 *2,872 *2,855 *2,843 2,253 ■ Major subsidiaries CA
Slide 10: Business Overview
1 3Q23 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 10
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless service revenue +2.4% YoY, with 5G penetration reaching 70% and increased roaming • MVNO revenue continues to grow, reaching 7.17mn subscribers (Unit: KRW bn) 3Q22 2Q23 3Q23 QoQ YoY Wireless 1,681.8 1,722.2 1,708.1 -0.8% 1.6% Wireless Service 1,585.6 1,63
Slide 12: Separate KT – Fixed Line
K-IFRS / Separate 2 KT – Fixed Line • Broadband revenue +3.2% YoY, with GiGA subscribers portion reaching 68% • Media revenue +3.9% YoY, led by increased premium IPTV subscribers (Unit: KRW bn) 3Q22 2Q23 3Q23 QoQ YoY Fixed Line 1,306.4 1,320.7 1,330.1 0.7% 1.8% Broadband 6,00.3 612.4 619.4 1.2% 3.2%
Slide 13: Separate KT – B2B Service
K-IFRS / Separate 3 KT – B2B Service • B2B Service revenue +2.7% YoY, led mainly by gradual monetization of B2B DX project orders • Enterprise DX revenue +16.1% YoY with increased revenue realized from existing orders (Unit: KRW bn) 3Q22 2Q23 3Q23 QoQ YoY B2B Service 956.2 975.8 981.7 0.6% 2.7% Corp
Slide 14: Consolidated Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • BC Card, revenue +1.2% YoY through continued expansion of PLCC revenue and loan business • kt cloud, revenue +34.5% YoY with new private cloud project orders and continued growth of IDC business • kt estate, revenue +30.3% YoY led mainly
Slide 15: Appendix
1 3Q23 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 3Q 22 4Q22 1Q 23 2Q 23 3Q 23 KT Separate 3Q 22 4Q22 1Q 23 2Q 23 3Q 23 Operating revenue 6,477.2 6,583.0 6,443.7 6,547.5 6,697.4 Operating revenue 4,590.2 4,572.8 4,619.0 4,487.4 4,673.0 Service revenue 5,744.8 5,705.0 5,713.9 5,968.6 5,958.8 Serv
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 3Q 22 4Q22 1Q 23 2Q 23 3Q 23 KT Separate 3Q 22 4Q22 1Q 23 2Q 23 3Q 23 Assets 40,651.5 40,980.7 40,214.4 39,756.0 43,974.8 Assets 31,055.2 30,417.8 30,386.9 29,592.2 30,814.8 Current assets 13,042.2 12,681.6 12,202.0 11,405.7 15,520.6 Current assets
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers Wireless 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 QoQ YoY 1) Subscribers (Unit: Thousands) Total 23,827 24,062 24,332 24,621 24,903 +1.1% +4.5% Net additions 418 235 270 289 283 -2.2% -32.4% Gross additions 984 990 979 936 1,155 +23.4% +17.4% Deactivation2) 566 755 709 647 872 +
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