SK Telecom Co., Ltd. · KRX:017670
SK Telecom — Q2 2021 Earnings Presentation
15 slides from SK Telecom's earnings presentation, Aug 13, 2021
Slide 1: Investor Briefing 2021 2Q Results
Investor Briefing 2021 2Q Results (K-IFRS, Non-audited) SK Telecom August 11, 2021 0
Slide 2: Disclaimer
Investor Briefing 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 aforementioned f
Slide 3: Contents
Investor Briefing Contents ’21. 2Q Highlights 3 MNO 7 Media 8 S&C 9 Commerce 10 Financial Results 11 Financial Statements 12 Operating Data 14 2
Slide 4: '21. 2Q Highlights: Consolidated Financial Highlights
‘21. 2Q Highlights Investor Briefing Consolidated Financial Highlights (KRW bn) 2Q21 2Q20 YoY 1Q21 QoQ Operating Revenues 4,818.3 4,603.3 4.7% 4,780.5 0.8% MNO 1) 3,021.6 2,941.5 2.7% 2,980.7 1.4% Media 2) 997.1 917.2 8.7% 967.0 3.1% S&C 3) 369.8 323.0 14.5% 350.5 5.5% Commerce 4) 211.0 192.6 9.6% 2
Slide 5: '21. 2Q Highlights: Biz. Highlights
‘21. 2Q Highlights Investor Briefing Biz. Highlights □ Spin-off into SK Telecom and SKT Investment Co., Ltd. (tentative) and stock split • The Board decided June 2021 to split the Company into SK Telecom (Surviving Company) and SKT Investment Co., Ltd. (New Company) at a ratio of approximately 6-to-
Slide 6: '21. 2Q Highlights: Biz. Highlights
‘21. 2Q Highlights Investor Briefing Biz. Highlights □ wavve continued to sharpen its competitive edge by establishing Studio wavve and signing an exclusive content distribution contract with HBO • Plans to invest in and produce more original content with Studio wavve Est. in May 2021 • With an excl
Slide 7: '21. 2Q Highlights: Biz. Highlights
‘21. 2Q Highlights Investor Briefing Biz. Highlights □ Mobility built a foundation for growth through business portfolio expansion • No. of calls was up more than 20% after the launch of UT April 2021, a JV with Uber • Expanded its business into the goods delivery sector by acquiring YLP May 2021, a
Slide 8: MNO
MNO Investor Briefing Pursue continued growth of revenue and income based on 5G and develop new growth drivers based on AI and Digital infrastructure Mobile service revenue Growth strategy Based on 5G subscriber growth, MNO revenue Pursue solid growth of revenue and income continued a growth trend s
Slide 9: Media
Media Investor Briefing SK Broadband sustained revenue growth based on IPTV subscriber growth, but operating income declined QoQ due to higher investment in infrastructure and content SK Broadband revenue SK Broadband pay-tv subscribers 2Q21 revenue posted KRW 997.1bn, up 8.7% The pay-tv subscriber
Slide 10: S&C
S&C Investor Briefing S&C continued its growth by leading the market with new businesses such as cloud, home, unmanned solution and converged security Revenue Key business highlights With a QoQ growth of 5.5%, S&C revenue grew [1] Cloud 14.5% YoY, thereby sustaining a two-digit YoY growth, thanks to
Slide 11: Commerce
Commerce Investor Briefing Commerce continued volume growth with SK stoa posting positive results and 11st responding strategically to the fierce competition in the e-commerce market. Revenue Key business highlights With growing competition having a positive impact [1] 11st on market growth, 11st co
Slide 12: Financial results
Financial results Investor Briefing Consolidated results SKT non-consolidated results 2Q21 revenue grew by 4.7% YoY thanks to 2Q21 revenue grew by 2.7% YoY with sustained solid growth in all business areas 5G subscriber net adds 2Q21 operating income increased by 10.8% 2Q21 operating income was up 2
Slide 13: Financial Statements – Income Statements
Financial Statements – Income Statements Investor Briefing Consolidated Income Statement (KRW bn) 1Q20 2Q20 3Q20 4Q20 2020 1Q21 2Q21 Operating revenue 4,450.6 4,603.3 4,731.4 4,839.3 18,624.7 4,780.5 4,818.3 Operating expenses 4,149.3 4,245.6 4,371.7 4,508.1 17,275.3 4,391.7 4,421.7 Labor cost 742
Slide 14: Financial Statements – Financial Position
Financial Statements – Financial Position Investor Briefing Consolidated Balance Sheet (KRW bn) 3-31-20 6-30-20 9-30-20 12-31-20 3-31-21 6-30-21 Total assets 45,068.0 46,666.7 47,484.7 47,907.0 47,761.5 50,057.6 Current assets 8,249.7 8,256.6 9,024.3 8,775.1 8,865.2 9,140.9 Cash and short-term fin
Slide 15: Operating Data
Operating Data Investor Briefing Subscribers (Thousands) 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 YoY QoQ 1) MNO subscribers 28,748 28,932 29,034 29,089 29,308 29,383 1.6% 0.3% Net adds 100 184 101 55 219 74 -59.6% -66.0% Activations 881 953 856 794 956 777 -18.5% -18.8% Deactivations 781 769 755 739 737 702