Slide 1: 2024 Earnings Release
KT 2024 Earnings Release 2025. 02. | 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: Contents
Contents 1 2024 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 4: 2024 Highlights
1 2024 Highlights Financials Record high annual revenue since listing driven by CT, real estate, AX (Unit: KRW) Cons. Revenue 26,431.2bn (YoY +0.2%) Sep. Revenue 18,579.7bn (YoY +1.1%) Operating Operating Profit 809.5bn (YoY -50.9%) Profit 346.5bn (YoY -70.8%) * Excluding one-off expenses (KT: 986.3
Slide 5: Contents
Contents 1 2024 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue growth due to core CT, real estate, and DC growth • OP decreased by 50.9% due to one-off labor cost (Unit: KRW bn) 4Q23 3Q24 4Q24 QoQ YoY 2023 2024 YoY Operating Revenue 6,687.7 6,654.6 6,575.6 -1.2% -1.7% 26,376.3 26,431.2 0.2% Service Revenue 5,72
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses • Op. expenses +3.6% YoY due to workforce restructuring despite decline in the selling and service costs (Unit: KRW bn) 4Q23 3Q24 4Q24 QoQ YoY 2023 2024 YoY Operating Expenses 6,422.0 6,190.5 7,230.7 16.8% 12.6% 24,726.5 25,621.7 3.6% Labor Cost 1,157.8 1,1
Slide 8: Consolidated Balance Sheet
K-IFRS / Consolidated 3 Balance Sheet • Net debt/equity ratio decreased by YoY -1.9%p (Unit: KRW bn) Dec 31, 2023 Sept 30, 2024 Dec 31, 2024 QoQ YoY Assets 42,710.0 42,750.4 41,880.0 -2.0% -1.9% Cash & Cash equivalents 2,879.6 3,953.9 3,729.5 -5.7% 29.5% Liabilities 24,148.9 23,564.0 23,850.4 1.2% -
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • 2024 Total CAPEX Execution: KRW 2,299.9bn (KT Separate), KRW 823.5bn (Major Subsidiaries) (Unit: KRW bn) 3,452 3,533 3,319 3,123 692 813 907 824 ■ Major Subsidiaries’ CAPEX Includes Finance, Media, Cloud/DC, 2,760 2,721 Real Estate, etc. 2,412 2,300
Slide 10: Contents
Contents 1 2024 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless service revenue +1.7% YoY with increased 5G penetration (77.8%) and MVNO/roaming • Expanded customer choice with mid-tier and online-only plans and strengthened online marketing (Unit: KRW bn) 4Q23 3Q24 4Q24 QoQ YoY 2023 2024 YoY Wireless 1,732.2 1,740.4
Slide 12: Separate KT - Fixed Line
K-IFRS / Separate 2 KT - Fixed Line • Broadband rev. +1.1% YoY, due to increase in GiGA subscribers and value-added services • Media rev. +1.2% YoY, driven by premium subs. expansion and increase in high-quality STB (Unit: KRW bn) 4Q23 3Q24 4Q24 QoQ YoY 2023 2024 YoY Fixed Line 1,311.4 1,312.6 1,317
Slide 13: Separate KT - B2B Services
K-IFRS / Separate 3 KT - B2B Services • B2B Service rev. +2.9% YoY, led by growth of service-based businesses including AX platform and Corp. broadband • Continued to streamline low-margin businesses (Unit: KRW bn) 4Q23 3Q24 4Q24 QoQ YoY 2023 2024 YoY B2B Service 813.1 926.4 856.5 -7.5% 5.3% 3,460.4
Slide 14: Consolidated Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • kt cloud rev. +15.5% YoY, due to strong demand for data centers and increased CDN1) traffic 1) Content Delivery Network • kt estate rev. +1.7% YoY, due to steady growth of hotel and office rentals Revenue of Major Subsidiaries (consolidat
Slide 15: Contents
Contents 1 2024 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 16: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 4Q23 1Q24 2Q24 3Q24 4Q24 2023 2024 KT Separate 4Q 23 1Q24 2Q24 3Q24 4Q24 2023 2024 Operating revenue 6,687.7 6,654.6 6,546.4 6,654.6 6,575.6 26,376.3 26,431.2 Operating revenue 4,592.0 4,694.8 4,548.3 4,765.0 4,571.6 18,371.4 18,579.7 Service rev
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 4Q23 1Q24 2Q24 3Q24 4Q24 KT Separate 4Q23 1Q24 2Q24 3Q24 4Q24 Assets 42,710.0 42,710.0 43,144.4 42,750.4 41,880.0 Assets 30,308.9 30,334.8 30,464.8 29,957.1 29,528.9 Current assets 14,518.2 14,997.4 15,175.2 15,197.0 14,252.0 Current assets 7,088.6
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers (Unit: Thousands) Wireless Subscribers 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 QoQ YoY Total 24,897 24,834 24,904 25,199 26,132 3.7% 5.0% - MNO 17,759 17,743 17,770 17,997 18,950 5.3% 6.7% - MVNO 7,138 7,091 7,134 7,203 7,182 -0.3% 0.6% 1) 5G Handset 9,722 9,948 10,093 10,251 1
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