Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — H1 2015 Earnings Presentation
19 slides from Apt Satellite's earnings presentation, 2015
Slide 1: APT Satellite Holdings Limited 2015 Interim Results
APT Satellite Holdings Limited Stock code: (1045) 2015 Interim Results
Slide 2: Table of Contents
Table of Contents 1. Financial Highlights 2. Satellite Fleet 3. Business Prospects 4. Business Overview 2
Slide 3: Financial Highlights
2015 Interim Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights 1H/2014 1H/2015 Change (HK$ M) (HK$ M) （%） Turnover 627.9 597.9 - 4.8% Profit Attributable to 260.4 285.2 + 9.6% Equity Shareholders Interim Dividend The Board has resolved to declare an interim dividend of HK3.50 cents per share for the six months ended 30 June 2015. 4
Slide 5: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 1H/2014 1H/2015 Turnover 627.9 597.9 Cost of Services (232.1) (231.7) Gross Profit 395.8 366.2 Other Net Income 23.5 26.1 Valuation Gain on Investment Properties 0.4 0.1 Administrative Expenses (55.4) (56.5) Profit from operations 364.3 335.9 Fa
Slide 6: Turnover Breakdown
Turnover Breakdown Others Hong Kong 1% 9% Others Broadcasting Greater 35% 23% China 25% 64% Telecom 43% Southeast Asia Broadcasting Telecom 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 12/2014 6/2015 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 6,564.3 6,864.2 Total Liabilities 2,554.8 2,609.3 Cash Free Cash 1,616.7 1,626.4 Pledged Deposits 11.1 31.7 Capital Commitment Contracted for 593.2 277.8 Authorised but not contracted for - - 593.2 277.8
Slide 8: Key Financial Metrics
Key Financial Metrics (HK$ million) EBITDA EBITDA Margin 500 489 100.0% 474 84.8% 458 77.8% 76.6% 80.0% 450 60.0% 400 40.0% 350 20.0% 300 0.0% 1H/2013 1H/2014 1H/2015 1H/2013 1H/2014 1H/2015 EBITDA EBITDA Margin 8
Slide 9: Key Financial Metrics
Key Financial Metrics Gearing 100.0% 80.0% 63.7% 60.0% 50.3% 61.4% 40.0% 33.4% 38.9% 38.0% 20.0% 0.0% 6/2014 12/2014 6/2015 Debt-equity ratio Debt-ratio 9
Slide 10: Satellite Fleet
a APSTAR by APT Satellite SATELLITE FLEET
Slide 11: Satellite Fleet
Satellite Fleet 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 9A 1998 A2100A 18 - 142E APSTAR 9 Oct 2015 DFH-4 32 14 142E 153 available transponders (as of Jun 2015) • Our
Slide 12: Satellite Fleet
Satellite Fleet APSTAR 7 APSTAR 6 APSTAR 5 APSTAR 9A APSTAR 9 Under-construction 76.5E 134E 138E 142E 142E 2012 2005 2004 1998 Oct 2015 SPACEBUS 4000C2 SPACEBUS 4000C2 FS1300 A2100A DFH-4 28 C-band 38 C-band 38 C-band 18 C-band 32 C-band 28 Ku-band 12 Ku-band 16 Ku-band 14 Ku-band [multi-beam connec
Slide 13: Satellite Utilisation
Satellite Utilisation Dec-14 Jun-15 change APSTAR 5 77.4% 77.7% 0.3% APSTAR 6 85.6% 80.8% - 4.8% APSTAR 7 65.8% 60.8% - 5.0% APSTAR 9A 86.0% 86.0% 0.0% Fierce Market Competition • Supply of traditional transponders & Emerge of high-throughput satellite projects Overall utilisation remains high • Ove
Slide 14: New Satellite: APSTAR 9
New Satellite: APSTAR 9 APSTAR 9 will be launched in Oct 2015 • To extend APSTAR satellite coverage in Asia Pacific region • Mainly serve promising mobility broadband market for maritime and inflight connectivity • A leader in providing service to China’s maritime broadband market APSTAR 9 • One of
Slide 15: New Satellite: APSTAR 5C
New Satellite: APSTAR 5C APSTAR 5C • Kick off in 2H 2015 • Keep all existing customers base as replacement satellite at 138 degree East orbital slot • Build satellite with bigger capacities for future business growth • Tap the benefit of high-throughput capacity 15
Slide 16: Business Prospects
a APSTAR by APT Satellite BUSINESS PROSPECTS
Slide 17: Business Prospects
Business Prospects • Supply of transponders increased, market competition become fiercer, subject to substantial price downward pressure. • Transponder utilisation rates of the Group’s satellites will be maintained at a high level and will continue to achieve satisfactory profit. • The Group will ac
Slide 18: Disclaimer
Disclaimer These materials have been prepared by APT Satellite Holdings Limited (“APT”) solely for information use during its presentati on. 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 19: APT Satellite Holdings Limited
APT Satellite Holdings Limited Dr. Brian Lo Vice President & Company Secretary +852 2600 2100 brianlo@apstar.com 22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong Apstar 9 NEW Capacity in 2H15
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