Kt Corporation · KRX:030200
Kt — Q1 2021 Earnings Presentation
19 slides from Kt's earnings presentation, May 11, 2021
Slide 1: KT 1Q21 Earnings Release
KT 1Q21 Earnings ReleaseKT 1Q21 Earnings Release
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
2 Financial Highlights 3 Business Overview 4 Appendix 32 Financial Highlights 3 Business Overview 4 Appendix 3
Slide 4: 1Q21 Highlights
1 1Q21 Highlights Revenue and OP improved with balanced growth in Telco and Financial Digital Platform Business (unit: KRW) Service Revenue Service Revenue 6,029.4 bn. (YoY + 3.4%) 4,574.5 bn. (YoY + 3.3%) (Consolidated) (KT separate) Operating Profit Operating Profit 366.0 bn. (YoY +21.4%) 444.2 bn
Slide 5: Financial Highlights
1 1Q21 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 51 1Q21 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 5
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Total revenue increased YoY +3.4% with balanced growth in both Telco and Digital platform business • Operating income increased YoY +15.4% with efficient cost spending (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY Operating Revenue 5,831.7 6,207.3 6,029.4 -2.9% 3.4
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY 5,446.9 6,045.5 5,585.2 -7.6% 2.5% Operating Expenses Labor Cost 1,003.9 1,053.8 1,024.2 -2.8% 2.0% 2,257.7 2,440.5 2,320.7 -4.9% 2.8% General Expense - Depreciation 912.4 905.4 901.2 -0.5% -1.2% 759.2 860.6 757.4 -12.0
Slide 8: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY Assets 33,167.9 33,662.5 33,547.6 -0.3% 1.1% Cash & Cash equivalents 1,627.1 2,634.6 2,753.1 4.5% 69.2% Liabilities 18,099.2 18,111.1 18,209.7 0.5% 0.6% Borrowings 7,286.9 7,316.3 7,724.6 5.6% 6.0% 15,068.8 15,551.4 15,
Slide 9: Separate CAPEX
K-IFRS / Separate 4 CAPEX • CAPEX executed 289.4 bn won in 1Q21 - Access Network 149.7 bn, Backbone Network 34.2 bn, B2B communications 61.1 bn, others 44.4 bn (Unit: KRW bn) Access Network Backbone Network B2B Others 3,313 3,257 2,872 2,514 2,397 2,359 2,250 1,870 1,977 2,199 1,593 1,362 1,133 1,31
Slide 10: Business Overview
1 1Q21 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 101 1Q21 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 10
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless ∙ Wireless service revenue up +2.2% YoY with 5G subscribers growth ∙ Total number of 5G subscribers recorded 4.4 million(30.7% of Handset subscribers) (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY Wireless 1,735.7 1,733.4 1,770.7 2.1% 2.0% Service 1,632.4 1,658.5 1,667.6 0.
Slide 12: Separate KT – Fixed Line/IPTV
K-IFRS / Separate 2 KT – Fixed Line/IPTV ∙ Telephony revenue decline mitigated(YoY -0.3%), Broadband revenue maintained last year’s level despite interconnection rates decrease ∙ IPTV revenue up +6.8% YoY with consistent subs growth and platform revenue growth (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY T
Slide 13: Separate KT – B2B and others
K-IFRS / Separate 3 KT – B2B and others ∙ B2B revenue up +2.3% with balanced growth in all sub businesses, AI/DX including IDC/Cloud revenue up +7.5% YoY (Unit: KRW bn) 1Q20 4Q20 1Q21 QoQ YoY B2B 668.9 704.3 684.2 -2.8% 2.3% Corporate Fixed Line 267.5 266.8 269.3 0.9% 0.7% Corporate IT/Solution 276.
Slide 14: Major subsidiaries
K-IFRS / consolidated(each subsidiary) 4 Major subsidiaries ∙ BC card partly recovered from COVID-19 slump and its revenue grew YoY +5.0% with the increase of credit card transaction ∙ Contents subsidiaries revenue up +12.2% YoY with volume growth in both music distribution and T-Commerce (Unit: KRW
Slide 15: Appendix
1 1Q21 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 151 1Q21 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 1Q 20 2Q 20 3Q 20 4Q 20 2020 1Q 21 KT Separate 1Q 20 2Q 20 3Q 20 4Q 20 2020 1Q 21 Operating revenue 5,831.7 5,876.5 6,001.2 6,207.3 23,916.7 6,029.4 Operating revenue 4,429.1 4,339.6 4,520.5 4,590.0 17,879.2 4,574.5 Service revenue 5,107.0 5,196.
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 KT Separate 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 33,167.9 34,572.2 36,449.2 33,662.5 33,547.6 27,606.1 28,146.8 28,774.1 28,027.9 27,693.7 Assets Assets Current assets 10,881.6 12,474.5 14,211.2 11,154.2 11,567.1 Current asset
Slide 18: Separate Subscribers Wireless
K-IFRS / Separate 3 Subscribers Wireless 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 QoQ YoY 1) Subscribers (Unit: Thousands) 21,976 22,133 22,333 Total 22,305 22,427 0.5% 2.1% Net additions 55 157 200 -28 122 N/A 123.4% Gross additions 938 1,030 1,033 999 1,165 16.7% 24.2% 2) Deactivation 884 873 833 1,026 1,043
Slide 19: Slide 19