SK Telecom Co., Ltd. · KRX:017670
SK Telecom — Q1 2021 Earnings Presentation
15 slides from SK Telecom's earnings presentation, May 11, 2021
Slide 1: Investor Briefing 2021 1Q Results
Investor Briefing 2021 1Q Results (K-IFRS, Non-audited) SK Telecom May 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 fo
Slide 3: Contents
Investor Briefing Contents ’21. 1Q Highlights 3 MNO 7 Media 8 S&C 9 Commerce 10 Financial Results 11 Financial Statements 12 Operating Data 14 2
Slide 4: '21. 1Q Highlights – Consolidated Financial Highlights
‘21. 1Q Highlights Investor Briefing Consolidated Financial Highlights (KRW bn) 1Q21 1Q20 YoY 4Q20 QoQ Operating Revenues 4,780.5 4,450.6 7.4% 4,839.3 -1.2% MNO 1) 2,980.7 2,924.5 1.9% 2,938.4 1.4% Media 2) 967.0 822.1 17.6% 1,008.4 -4.1% S&C 3) 350.5 291.4 20.3% 370.9 -5.5% Commerce 4) 203.7 190.3
Slide 5: '21. 1Q Highlights – Biz. Highlights
‘21. 1Q Highlights Investor Briefing Biz. Highlights □ Announced a decision to pursue corporate restructuring to increase shareholder value and accelerate growth • Announced its plans for a horizontal spin-off, splitting into two companies; tentatively named AI& Digital Infra Company (Surviving Comp
Slide 6: '21. 1Q Highlights – Biz. Highlights
‘21. 1Q Highlights Investor Briefing Biz. Highlights □ SK Broadband continued to grow the pay-tv subscriber base and opened Channel S through its MPP subsidiary • Pay-tv subscribers reaching 8.69 million in 1Q21 IPTV 5.78mn, CATV 2.9mn • Channel S is a total entertainment channel where 70% of the pr
Slide 7: '21. 1Q Highlights – Biz. Highlights
‘21. 1Q Highlights Investor Briefing Biz. Highlights □ Commerce strengthened competitiveness in delivery through partnerships with various companies such as Korea Post, Emart and GS • Launched early morning delivery with Emart Jan. 2021 and GS Fresh Mar. 2021 and next-day delivery with Korea Post Ap
Slide 8: MNO
MNO Investor Briefing Led 5G expansion and drove revenue growth and customer value by increasing 5G subscriber base and improving 5G ecosystem Mobile service revenue Marketing expense Based on sustained 5G subscriber growth, Marketing expense increased 3.2% YoY on MNO continued a revenue growth tren
Slide 9: Media
Media Investor Briefing SK Broadband achieved both top-line and bottom-line growth YoY thanks to the t-broad merger and IPTV subscriber growth SK Broadband revenue SK Broadband pay-tv subscribers 1Q21 revenue grew 17.6% YoY driven by the The pay-tv subscriber base increased to 8.69 t-broad merger an
Slide 10: S&C
S&C Investor Briefing With successful merger of ADT Caps and SK Infosec, S&C’s revenue continued to increase thanks to the rapid growth of new businesses Revenue Key business highlights [1] Cloud 1Q21 revenue grew 20.3% YoY thanks to high growth in new businesses such as cloud, home • Strengthened c
Slide 11: Commerce
Commerce Investor Briefing Commerce achieved both top-line and bottom-line growth YoY, thanks to strategic responses to non-contact consumption trends Revenue Key business highlights Top-line growth continued YoY as online [1] 11st shopping became more prevalent. Based on • Offered differentiated sh
Slide 12: Financial results
Financial results Investor Briefing Consolidated results SKT non-consolidated results 1Q21 revenue grew by 7.4% YoY thanks to 1Q21 revenue grew 1.9% YoY with sustained 5G solid growth in all business areas subscriber net adds 1Q21 operating income increased by 29% 1Q21 operating income was up 19% Yo
Slide 13: Financial Statements – Income Statements
Financial Statements – Income Statements Investor Briefing Consolidated Income Statement 2019 2019 (KRW bn) 1Q20 2Q20 3Q20 4Q20 2020 1Q21 (Historical) (IFRS 16) Operating revenue 17,743.7 17,740.7 4,450.6 4,603.3 4,731.4 4,839.3 18,624.7 4,780.5 Operating expenses 16,633.7 16,632.5 4,149.3 4,246.2
Slide 14: Financial Statements – Financial Position
Financial Statements – Financial Position Investor Briefing Consolidated Balance Sheet 12-31-19 1-1-20 (KRW bn) 3-31-20 6-30-20 9-30-20 12-31-20 3-31-21 (Historical) (IFRS 16) Total assets 44,611.6 45,202.4 45,068.0 46,666.0 47,484.7 47,907.0 47,761.5 Current assets 8,102.3 8,161.9 8,249.7 8,247.4
Slide 15: Operating Data
Operating Data Investor Briefing Subscribers (Thousands) 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 YoY QoQ 1) MNO subscribers 28,648 28,748 28,932 29,034 29,089 29,308 1.9% 0.8% Net adds 506 100 184 101 55 219 119.0% 295.1% Activations 1,613 881 953 856 794 956 8.5% 20.4% Deactivations 837 781 769 755 739 737