Slide 1: KT 2Q22 Earning Release
KT 2Q22 Earning Release 2022, 8. 10 | Investor Relations DIGICO KT
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: 2Q22 Highlights
1 2Q22 Highlights Financial Revenue Revenue 6,312.2 bn. (YoY +4.7%) 4,517.8 bn. (YoY +0.9%) Consolidated KT Separate Operating Operating 459.2 bn. (YoY -3.5%) 303.5 bn. (YoY -13.6%) Profit Profit Operations Growth Portfolio integration New growth momentum enhancement underpinned by DIGICO/B2B in Med
Slide 5: DIGICO Transformation
2 DIGICO Transformation • Expand growth portfolio and accelerate service revenue growth through DIGICO transformation • B2B/DIGICO revenue portion target to 50% by 2025 Service Rev. +7.8% (KT Separate, each 2Q accumulated revenue) DIGICO Transformation ※Cloud/IDC rev.(including kt cloud) reflected i
Slide 6: Financial Highlights
1 2Q22 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 6
Slide 7: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue increased +4.7% YoY solidifying growth portfolio and leading DX transformation • Operating income decreased -3.5% YoY due to one off labor cost and increase in general expenses (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY 6,027.6 6,277.7 6,312.2 0.5% 4.7%
Slide 8: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY Operating Expenses 5,551.8 5,651.1 5,853.0 3.6% 5.4% Labor Cost 1,025.5 1,040.4 1,120.9 7.7% 9.3% General Expense 2,380.9 2,471.0 2,560.2 3.6% 7.5% - Depreciation 897.3 891.7 928.0 4.1% 3.4% Cost of Service Provided 795
Slide 9: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY Assets 34,139.0 37,301.1 39,066.3 4.7% 14.4% Cash & Cash equivalents 3,097.0 2,682.2 2,821.7 5.2% -8.9% Liabilities 18,475.2 20,707.3 22,161.7 7.0% 20.0% Borrowings 7,755.7 8,894.9 10,074.5 13.3% 29.9% 15,663.8 16,593.8
Slide 10: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • CAPEX executed KRW 1,402.2 bn for KT separate and KRW 314.4 bn for major subsidiaries in 1H22 (Unit: KRW bn) 3,452 3,127 692 462 ■ Major subsidiaries CAPEX Finance, Media·Content, Cloud/IDC, 1,717 Real Estate and etc. 314 2,760 2,666 ■ KT separate C
Slide 11: Business Overview
1 2Q22 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 11
Slide 12: KT Separate – Telco B2C
K K- -IF IFRS RS / / S Sepa epara rate te 1 KT – Telco B2C • Telco B2C revenue up +1.6% with mobile/broadband quality subs growth • Leading Mobile revenue growth, 5G subs reached to about 54% of total handset subs (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY Telco B2C 2,334.8 2,353.5 2,371.9 0.8% 1.6% Wire
Slide 13: KT Separate – DIGICO B2C
K-IFRS / Separate 2 KT – DIGICO B2C • DIGICO B2C revenue up +2.0% YoY based on balanced growth of media and mobile platform biz • IPTV revenue up +6.1% YoY with consistent IPTV subs and platforms revenue growth (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY DIGICO B2C 543.6 549.3 554.4 0.9% 2.0% Media 492.8
Slide 14: KT Separate – Telco B2B
K-IFRS / Separate 3 KT – TELCO B2B • Corporate broadband/data revenue up +5.9% YoY based on data traffic and premium service growth • Corporate telephony revenue up +8.9% with growth of Communication DX and MVNO subscribers (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY Telco B2B 496.0 519.7 529.9 2.0% 6.8%
Slide 15: KT Separate – DIGICO B2B
K-IFRS / Separate 4 KT – DIGICO B2B • Though B2B DX areas like AICC, Smart mobility and others are growing, DIGICO B2B revenue decreased by 2.4% YoY due to kt cloud establishment • Including kt cloud revenue, DIGICO B2B revenue up +17.4% YoY to KRW 578.6 (Unit: KRW bn) 2Q21 1Q22 2Q22 QoQ YoY DIGICO
Slide 16: Major subsidiaries
K-IFRS / consolidated(each subsidiary) 5 Major subsidiaries • BC card revenue up +9.3% with increased credit card transaction volume and new biz expansion • Contents subsidiaries revenue up +34.7% with full-fledged operation of Contents biz and growth of digital ads, T-commerce and others Major Subs
Slide 17: Appendix
1 2Q22 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 17
Slide 18: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 KT Separate 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 Operating revenue 6,027.6 6,217.4 6,623.6 6,277.7 6,312.2 Operating revenue 4,478.8 4,664.7 4,669.5 4,608.4 4,517.8 Service revenue 5,336.8 5,402.4 5,758.1 5,565.5 5,670.5 Se
Slide 19: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 KT Separate 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 34,139.0 35,831.2 37,159.3 37,301.1 39,066.3 28,203.4 28,607.5 29,362.4 29,305.6 30,169.5 Assets Assets Current assets 11,695.3 11,897.4 11,858.4 12,189.9 12,563.7 Current asset
Slide 20: KT Separate Wireless Subscribers
K-IFRS / Separate 3 Subscribers Wireless 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 QoQ YoY 1) Subscribers (Unit: Thousands) Total 22,621 22,735 22,799 23,060 23,409 1.5% 3.5% Net additions 194 114 64 261 349 33.7% 80.0% Gross additions 1,041 986 1,064 1,039 1,010 -2.8% -3.0% 2) Deactivation 847 871 1,000 778 66
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