Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — H1 2017 Earnings Presentation
27 slides from Apt Satellite's earnings presentation, 2017
Slide 1: APT Satellite Holdings Limited 2017 Interim Results
APT Satellite Holdings Limited Stock code: (1045) 2017 Interim Results
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
2017 Interim Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights 1H/2017 1H/2016 Change (HK$ M) (HK$ M) （%） Revenue 598.9 603.5 -0.8% Profit Attributable to 242.0 242.1 -0.1% Equity Shareholders Interim Dividend The Board has resolved to declare a interim dividend of HK3.50 cents per share for the six months ended 30 June 2017. 4
Slide 5: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 1H/2017 1H/2016 Turnover 598.9 603.5 Cost of Services (235.4) (246.1) Gross Profit 363.5 357.4 Other Net Income 5.6 12.1 Valuation (Loss)/Gain on Investment Properties 0.5 (0.3) Administrative Expenses (58.4) (58.5) Profit from operations 311.2
Slide 6: Turnover Breakdown
Turnover Breakdown Others Hong Kong 1% 11% Others 18% Video Greater 33% China 24% 66% Data 47% 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 6/2017 12/2016 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 6,873 6,463 Total Liabilities 1,818 1,614 Cash Free Cash 723 803 Pledged Deposits - - Capital Commitment Contracted for 1,240 1,781 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% 90% 76.6% 80% 600 499.2 505.1 70% 500 457.9 60% 400 50% EBITDA 40% EBITDA Margin 300 30% 200 20% 100 10% 0 0% 6/2015 6/2016 6/2017 8
Slide 9: Key Financial Metrics: Gearing
Key Financial Metrics GEARING 100% 80% 60% 33% 36% 40% 31% 20% 26% 23% 25% 0% 6/2016 12/2016 6/2017 Debt-equity ratio Debt-ratio 9
Slide 10: Satellite Fleet
a ™~ APD TAR 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-6 2005 Spacebus 4000C2 38 12 134E APSTAR-7 2012 Spacebus 4000C2 28 28 76.5E APSTAR-9 2015 DFH-4 32 14 142E 181 available transponders (as of Jun 2017) • Our footprint covers
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 Oct 2015 • 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 transponder in C-band, Ku-band and Ka-band transponder • Will be launched in f
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
a ™~ APD TAR BUSINESS PROSPECTS
Slide 16: Business Prospects
Business Prospects • Looking forward to the whole year of 2017, 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. • Nevertheless, the transponder utilisation rates of the
Slide 17: Business Overview
a ™~ APD TAR BUSINESS OVERVIEW
Slide 18: Customer Portfolio
Customer Portfolio a ™~ APSTAR by APT Satellite . Bie deny macy mmm Py B APSTAR @ PVA HBO Gi 2 a 2 & -w 2 MM % by Ar Sotete ecm mow WA weiuim@we aD ccm G = 2 6 mp 2 & 60 0 = eh) WRN py a@ PSU ay & = ue Gpane Zcafe | es + Ty a4 2 = Bp sniice Cc “) cur 6 oe aes ge mie ane + EBU BabyFrst’ soem rd ap Da
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
a ™~ APD TAR SATELLITE FOOTPRINTS
Slide 22: APSTAR-5
APSTAR-5 SS/LORAL FS1300 C-band 38 Asia Oceania, Pacific C-Coverage island, Hawaii C-EIRP 33-41dBW Ku-band 16 Ku-EIRP 45-59dBW China, Mongolia, Ku-coverage Korea, India Obit 138E 22
Slide 23: APSTAR-6
APSTAR-6 TAS SPACEBUS 4000C2 C-band 38 Asia Oceania, Pacific C-Coverage island, Hawaii C-EIRP 33-42dBW Ku-band 12 Ku-EIRP 46-59dBW Ku-coverage China Obit 134E 23
Slide 24: APSTAR-7
APSTAR-7 TAS SPACEBUS 4000C2 C-band 28 Asia, Australia, C-Coverage Europe, Africa C-EIRP 32-41dBW Ku-band 28 Ku-EIRP 45-56dBW China, Middle East, Ku-coverage Africa, steerable beam Obit 76.5E 24
Slide 25: APSTAR-9
APSTAR-9 DFH-4 C-band 32 China, Asia Oceania, C-Coverage Pacific island, Hawaii C-EIRP 33-42dBW Ku-band 14 Ku-EIRP 46-59dBW Ku-coverage Southeast Asia Obit 142E 25
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-5C 6C 6D NEW Capacities 2018 & 2019
APT Satellite Holdings — H1 2017 Earnings Presentation on 6ix