Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — H1 2018 Earnings Presentation
27 slides from Apt Satellite's earnings presentation, Oct 15, 2018
Slide 1: APT Satellite Holdings Limited 2018 Interim Results
APT Satellite Holdings Limited Stock code: (1045) 2018 Interim Results With updates 15 October 2018
Slide 2: Table of Contents
Table of Contents 1. Financial Highlights 2. Satellite Fleet 3. Business Prospects 4. Business Overview 5. Satellite Footprints 2
Slide 3: Financial Highlights
2018 Interim Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights 1H/2018 1H/2017 Change (HK$ M) (HK$ M) （%） Revenue 623.3 598.9 4.1% Profit Attributable to 279.6 242.0 15.5% Equity Shareholders Interim Dividend The Board has resolved to declare a interim dividend of HK4.00 cents per share for the six months ended 30 June 2018. 4
Slide 5: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 1H/2018 1H/2017 Turnover 623.3 598.9 Cost of Services (237.3) (235.4) Gross Profit 386.0 363.5 Other Net Income 153.1 5.6 Valuation (Loss)/Gain on Investment Properties - 0.5 Impairment loss recognized in respect of PPE (150) - Administrative Ex
Slide 6: Turnover Breakdown
Turnover Breakdown Others Hong Kong 3% 11% Others 15% Video Greater 31% China 26% 66% Data 48% Southeast Asia Video Data Others Hong Kong Greater China Southeast Asia Others Note: Greater China includes Mainland China, Taiwan, Macau but excludes Hong Kong 6
Slide 7: Assets & Liabilities
Assets & Liabilities 6/2018 12/2017 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 8,083 7,326 Total Liabilities 2,606 2,025 Cash Free Cash 648 531 Pledged Deposits - - Capital Commitment Contracted for 391 913 Authorised but not contracted for 195 195 7
Slide 8: Key Financial Metrics EBITDA & EBITDA Margin
Key Financial Metrics EBITDA & EBITDA MARGIN (HK$ million) 800 100% 700 82.7% 84.3% 83.9% 90% 80% 600 499.2 505.1 523.2 70% 500 60% 400 50% EBITDA 40% EBITDA Margin 300 30% 200 20% 100 10% 0 0% 6/2016 6/2017 6/2018 8
Slide 9: Key Financial Metrics Gearing
Key Financial Metrics GEARING 100% 80% 60% 48% 33% 36% 40% 20% 32% 25% 26% 0% 12/2016 6/2017 6/2018 Debt-equity ratio Debt-ratio 9
Slide 10: Satellite Fleet
ADA SATELLITE FLEET
Slide 11: Satellite Fleet & Utilisation Rate
Satellite Fleet & Utilisation Rate Launch Platform C-band Ku-band Orbital Slot APSTAR-5 2004 FS1300 38 (20) 16 (9) 138E APSTAR-6C 2018 DFH-4 26 19 Ku/Ka 134E APSTAR-7 2012 Spacebus 4000C2 28 28 76.5E APSTAR-9 2015 DFH-4 32 14 142E 181 available transponders (as of Jun 2018) • Our footprint covers 75
Slide 12: New Satellite: APSTAR-5C
New Satellite: APSTAR-5C APSTAR-5C • Kicked off at end of 2015 • APT holds 57.47% interests • Replace APSTAR 5 satellite to ensure continuity of service at the 138E orbital slot, as well to expand the coverage and capacity for business growth • Total 63 transponder in C-band, Ku-band wideband transp
Slide 13: New Satellite: APSTAR-6C
New Satellite: APSTAR-6C APSTAR-6C • Kicked off in 2015 • APT holds 100% ownership • Replace APSTAR 6 satellite to ensure continuity of service at the 134E orbital slot, as well to expand the coverage and capacity for business growth • Total 45 transponders including 26 C-band, 19 Ku-band/Ka- band t
Slide 14: New Satellite: APSTAR-6D
New Satellite: APSTAR-6D APSTAR-6D • The satellite is developed by group’s joint venture in Mainland China • APT will invest RMB 600 million (30% interest in the joint venture) • APSTAR-6D is a high-throughput satellite, the design is optimized to serve the fast growing satellite mobility and broadb
Slide 15: Business Prospects
APSTAR BUSINESS PROSPECTS
Slide 16: Business Prospects
Business Prospects • Looking forward to the whole year of 2018, the oversupply situation of the global transponder market will continue. • The market competition of the satellite industry will be fierce and subject to price downward pressure. • The Group will tap the rapid growing of HTS businesses
Slide 17: Business Overview
aaa BUSINESS OVERVIEW
Slide 18: Customer Portfolio
Customer Portfolio PSTAR by APT Satellite B ae APSTAR © by APT satelite ra % ue $ 24s on _ ke = Voitlor PBR Sufy Ly FX tho ong ey = Bs a zz 2 % wi sos B Ed oa me bio 3s es ' minir ne own Se 2 ae % Me GS estar ry ee* = a= (2 St oe la alee Bloomberg J mm Ge @ MA pm om om fe ~ 18
Slide 19: Services
Services Media Broadband Mobility Video distribution & broadcast Cellular backhaul Maritime broadband Direct to home TV Enterprise network Inflight broadband Content contribution IP access land mobile on the move Broadcasting & Uplink Services Network Services Data Center Services TV broadcast play-
Slide 20: Ground Facilities
Ground Facilities Satellite Control Centre Satellite Access Centre Control & monitor 5 satellites Carrier Signal monitoring (CSM) 7x24 TTC function Transponder spectrum management Customer technical support Network Operation Centre TV Broadcast Centre VSAT network Digital TV playout / DVB platform I
Slide 21: Satellite Footprints
Dak SATELLITE FOOTPRINTS
Slide 22: APSTAR-5
APSTAR-5 Model SSL FS1300 Orbit position 138°E Mission life >15 years Station keeping ±0.05° (E/W, N/S) Payload C-band Ku-band Coverage Asia, Oceania, China, Mongolia, Pacific-island, Korea, India Hawaii Transponder 38 16 EIRP 33~41 dBW 45~59 dBW G/T -9~+1 dB/K -5~+10 dB/K Gain control FGM FGM and A
Slide 23: APSTAR-6C
APSTAR-6C Model CASC DFH-4 Orbit position 134°E Mission life >15 years Station keeping ±0.05° (E/W, N/S) Payload C-band Ku-band Ka-Band Coverage Asia, Oceania, China, Indo-China, Regional Pacific-island, Mongolia Hawaii Transponder 32 20 EIRP 33~41 dBW 45~59 dBW G/T -9~+0 dB/K -2~+13 dB/K Gain contr
Slide 24: APSTAR-7
APSTAR-7 Model TAS SB 4000C2 Orbit position 76.5°E Mission life >15 years Station keeping ±0.05° (E/W, N/S) Payload C-band Ku-band Coverage Asia, China, Middle Australia, East, Africa, Europe,Africa steerable beam Transponder 28 28 EIRP 32~41 dBW 43~56 dBW G/T -10~+1 dB/K -4~+11 dB/K Gain control FG
Slide 25: APSTAR-9
APSTAR-9 Model CASC DFH-4 Orbit position 142°E Mission life >15 years Station keeping ±0.05° (E/W, N/S) Payload C-band Ku-band Coverage Asia, Oceania, east Indian Pacific-island, Ocean to west Hawaii Pacific Ocean, steerable beam Transponder 32 14 EIRP 35~44 dBW 45~54 dBW G/T -9~+2 dB/K -2~+8 dB/K G
Slide 26: 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 27: APT Satellite Holdings Limited Investor Relations
APT Satellite Holdings Limited Investor Relations ir@apstar.com +852 2600 2100 22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong APSTAR-6D NEW Capacities 2020
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