Slide 1: KT 2023 Earnings Release
KT 2023 Earnings Release 2024. 2. 8 | Investor Relations
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: Financial Highlights, Business Overview, Appendix
2 Financial Highlights 3 Business Overview 4 Appendix 3
Slide 4: 2023 Highlights
1 2023 Highlights Financials Both consolidated/separate revenues continue to achieve YoY growth (Unit: KRW) Revenue Consolidated 26,376.3bn (YoY +2.8%) KT Separate 18,371.4bn (YoY +0.4%) Operating Profit 1,649.8bn (YoY -2.4%) 1,185.4bn (YoY +1.5%) • [B2C] Telco continues uptrend through premium subs
Slide 5: Financial Highlights
1 2023 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 5
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue +2.8% YoY due to balanced growth of B2C/B2B businesses and subsidiaries • OP -2.4% YoY, due mainly to base effect of a one-time gain from real estate sales in 2022 (Unit: KRW bn) 4Q22 3Q23 4Q23 QoQ YoY 2022 2023 YoY Operating Revenue 6,583.0 6,697.4
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 4Q22 3Q23 4Q23 QoQ YoY 2022 2023 YoY Operating Expenses 6,431.5 6,375.5 6,432.8 0.9% 0.0% 23,960.0 24,726.5 3.2% Labor Cost 1,259.3 1,191.0 1,157.8 -2.8% -8.1% 4,495.9 4,549.4 1.2% General Expense 2,771.2 2,732.8 2,843.7 4.1% 2.6% 10,388.5 10
Slide 8: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) Dec 31, ‘22 Sept 30, ‘23 Dec 31, ’23 QoQ YoY Assets 40,980.7 43,974.8 42,710.0 6.2% 4.2% Cash & Cash equivalents 2,449.1 3,110.4 2,879.6 36.5% 17.6% Liabilities 22,566.0 25,253.1 24,148.9 9.5% 7.0% Borrowings 10,006.7 10,309.5 10,218.2 -0.9%
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • 2023 CAPEX Execution: KRW 2,411.6bn(KT Separate), KRW 907.4bn(major subsidiaries) (Unit: KRW bn) * KT(sep.) + kt cloud 3,452 3,533 3,319 3,127 692 813 462 *2,872 *2,855 *2,874 907 *2,609 ■ Major subsidiaries CAPEX Finance, Media·Content, Cloud/IDC,
Slide 10: Business Overview
1 2023 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 10
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless rev. +2.3% YoY, with 5G penetration reaching 73% and increased roaming revenue • Various efforts to expand customer base, including new online-only plans (Unit: KRW bn) 4Q22 3Q23 4Q23 QoQ YoY 2022 2023 YoY Wireless 1,685.1 1,708.1 1,732.2 1.4% 2.8% 6,713.
Slide 12: Separate KT - Fixed Line
K-IFRS / Separate 2 KT - Fixed Line • Broadband revenue +2.8% YoY, with GiGA subscribers portion reaching 68.3% • Media revenue +2.3% YoY, led by increased premium IPTV subscribers (Unit: KRW bn) 4Q22 3Q23 4Q23 QoQ YoY 2022 2023 YoY Fixed Line 1,311.3 1,330.1 1,311.4 -1.4% 0.0% 5,220.2 5,271.1 1.0%
Slide 13: Separate KT - B2B Services
K-IFRS / Separate 3 KT - B2B Services • B2B Service rev. +2.0% YoY, through high demand for telco. services and emerging businesses (AI, IoT, etc.) • Corp. Broadband/data revenue +4.7% YoY, driven by increase in data traffic (Unit: KRW bn) 4Q22 3Q23 4Q23 QoQ YoY 2022 2023 YoY B2B Service 835.3 903.8
Slide 14: Consolidated Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • BC Card rev. +3.3% YoY, through expansion of loan business and increased revenue from Paybooc • kt cloud rev. achieved double-digit growth to reach KRW 678.3bnwith leadership in public cloud and IDC market • kt estate rev. +21.8% YoY led
Slide 15: Appendix
1 2023 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 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 2022 2023 KT Separate 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 2022 2023 Operating revenue 6,583.0 6,443.7 6,547.5 6,697.4 6,698.4 25,650.0 26,376.3 Operating revenue 4,572.8 4,619.0 4,487.4 4,673.0 4,592.0 18,289.2 18,371.4 Se
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 KT Separate 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Assets 40,980.7 40,214.4 39,756.0 43,974.8 42,710.0 Assets 30,417.8 30,386.9 29,592.2 30,814.8 30,280.2 Current assets 12,681.6 12,202.0 11,405.7 15,520.6 14,518.1 Current asset
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers (Unit: Thousands) Wireless 4Q22 1Q 23 2Q 23 3Q 23 4Q 23 QoQ YoY Total 24,062 24,332 24,621 24,903 24,897 0.0% 3.5% - MNO 17,500 17,505 17,643 17,735 17,759 0.1% 1.5% └ 5G 8,449 8,882 9,213 9,514 9,834 3.4% 16.4% └ 4G(LTE) 8,310 8,003 7,855 7,669 7,393 -3.6% -11.0% - M
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