Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — FY2014 Earnings Presentation
21 slides from Apt Satellite's earnings presentation, March 2015
Slide 1: APT Satellite Holdings Limited 2014 Annual Results
APT Satellite Holdings Limited Stock code: (1045) 2014 Annual Results
Slide 2: Table of Contents
Table of Contents 1. Financial Highlights 2. Satellite Fleet 3. Business Prospects 2
Slide 3: Financial Highlights
2014 Annual Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights • Turnover increased by 9.6% to HK$1,247.5 million in 2014 • EBITDA increased by 7.4% to HK957.4 million in 2014 • Profit attributable to equity shareholders declined by 6.9% to HK$508.0 million in 2014 • Excluding the impact of unrealized fair value losses on financial instrume
Slide 5: Annual Results
Annual Results HK$ million Profit Attributable to Turnover HK$ million Equity Shareholders 1400 + 9.6% 1247.5 600 - 6.9% 545.5 1200 1138.1 508 500 1000 900.6 400 354.4 800 300 600 400 200 200 100 0 0 2012 2013 2014 2012 2013 2014 5
Slide 6: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 2013 2014 % Change Turnover 1,138.1 1,247.5 9.6% Cost of Services (408.1) (467.7) 14.6% Gross Profit 730.0 779.8 6.8% Other Net Income 43.1 27.7 (35.7%) Valuation Gain on Investment Property 1.6 0.3 (75.1%) Administrative Expenses (133.6) (118.4
Slide 7: Turnover Breakdown
Turnover Breakdown Others Hong Kong 1% 10% Others 32% Broadcasting 25% 22% Greater China 67% Telecom Southeast Asia Broadcasting Telecom 43% Others Hong Kong Greater China Southeast Asia Others 7
Slide 8: Expenses
Expenses (HK$ million) 2013 2014 % Change Turnover 1,138.1 1,247.5 9.6% Cost of Services (408.1) (467.7) 14.6% % of Turnover 35.9% 37.5% - Administrative Expenses (133.6) (118.4) (11.4%) % of Turnover 11.7% 9.5% - Financial Costs （ 27.9 ） (25.1) (10.0%) % of Turnover 2.5% 2.0% - 8
Slide 9: Assets & Liabilities
Assets & Liabilities 2013 2014 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 5,546.3 6,564.3 Total Liabilities 1,969.9 2,554.8 Cash Free Cash 1,548.6 1,616.7 Pledged Deposits 15.5 11.1 Capital Commitment Contracted for 1,653.8 593.2 Authorised but not - - contracted for 1,653.8 593.2
Slide 10: Key Financial Metrics
Key Financial Metrics (HK$ million) EBITDA EBITDA Margin 1200 100% 957.4 80% 1000 891.3 78% 77% 80% 800 721.5 60% 600 40% 400 200 20% 0 0% 2012 2013 2014 2012 2013 2014 EBITDA EBITDA Margin 10
Slide 11: Key Financial Metrics
Key Financial Metrics Gearing 100% 80% 63% 60% 55% 64% 39% 40% 36% 39% 20% 0% 2012 2013 2014 Debt-equity ratio Debt-ratio 11
Slide 12: Satellite Fleet
“aN APSTAR by APT Satellite SATELLITE FLEET
Slide 13: Satellite Fleet
Satellite Fleet Launch Platform C-band Ku-band Orbital Slot APSTAR 5 2004 FS1300 38 (20) 16 (9) 138E APSTAR 6 2005 Spacebus 4000C2 38 12 134E APSTAR 7 2012 Spacebus 4000C2 28 28 76.5E APSTAR 1998 A2100A 18 - 142E 9A APSTAR 9 Q4 2015 DFH-4 32 14 142E 153 available transponders (as of Dec 2014) • Our
Slide 14: Satellite Fleet
Satellite Fleet APSTAR APSTAR APSTAR APSTAR APSTAR 9 7 6 5 9A Under-construction 76.5E 134E 138E 142E 142E 2012 2005 2004 1998 Q4 2015 SPACEBUS 4000C2 SPACEBUS 4000C2 FS1300 A2100A DFH-4 28 C-band 38 C-band 38 C-band 18 C-band 32 C-band 28 Ku-band 12 Ku-band 16 Ku-band 14 Ku-band [multi-beam connect
Slide 15: Satellite Utilisation
Satellite Utilisation Jun-13 Dec-13 Jun-14 Dec-14 change APSTAR 5 82.33% 85.5% 77.7% 77.4% - 0.3 % APSTAR 6 87.24% 90.9% 91.8% 85.6% - 6.2% APSTAR 7 75.08% 70.4% 71.9% 65.8% - 6.1% APSTAR 9A - - 78.5% 86.0% 7.5% Fierce Market Competition • Supply of traditional transponders & Emerge of high-throughp
Slide 16: New Satellite: APSTAR 9
New Satellite: APSTAR 9 APSTAR 9 will be launched in Q4 2015 • To extend APSTAR satellite coverage in Asia Pacific region • Mainly serve promising mobility broadband market for maritime and inflight connectivity • A leader in providing service to China’s maritime broadband market APSTAR 9 • One of t
Slide 17: New Satellite: APSTAR 5C
New Satellite: APSTAR 5C APSTAR 5C • Kick off in mid 2015 • Keep all existing customers base as replacement satellite at 138 degree East orbital slot • Build satellite with bigger capacities for future business growth • Tap the benefit of high-throughput capacity 17
Slide 18: Business Prospects
“aN APSTAR by APT Satellite BUSINESS PROSPECTS
Slide 19: Business Prospects
Business Prospects • Because of the increase of supply of transponders in the Asia Pacific Region, Middle East and African region, the market competition of the satellite industry will become very fierce with price pressure • Transponder utilisation rates of the Group will be maintained at a high le
Slide 20: Disclaimer
Disclaimer These materials have been prepared by APT Satellite Holdings Limited (“APT”) solely for information use during its presentation. It may not be reproduced or redistributed to any other person without the permissions from APT. By attending this presentation, you are agreeing to be bound by
Slide 21: APT Satellite Holdings Limited
APT Satellite Holdings Limited Dr. Brian Lo Vice President & Company Secretary +852 2600 2100 brianlo@apstar.com 22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong Apstar 9 NEW Capacity in 2H15
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