Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — FY2017 Earnings Presentation
28 slides from Apt Satellite's earnings presentation, 2018
Slide 1: APT Satellite Holdings Limited 2017 Annual Results
APT Satellite Holdings Limited Stock code: (1045) 2017 Annual Results
Slide 2: Table of Contents
Table of Contents 1. Financial Highlights 2. Satellite Fleet 3. Business Prospects 4. Business Overview 5. Satellite Footprints 2
Slide 3: Financial Highlights
2017 Annual Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights 2017 2016 Change (HK$ M) (HK$ M) （%） Revenue 1,207 1,230 -1.8% Profit Attributable to 505 493 +2.2% Equity Shareholders Dividend The Board has resolved to declare a final dividend of HK10.50 cents per share for the financial year ended 31 December 2017. 4
Slide 5: Annual Results
Annual Results Revenue Profit Attributable to Equity HK$ million 1,230 1,207 HK$ million Shareholders 1,194 1,200 514 505 493 500 1,000 400 800 300 600 400 200 200 100 0 0 2015 2016 2017 2015 2016 2017 5
Slide 6: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 2017 2016 % Change Revenue 1,207 1,230 -1.8% Cost of Services (467) (493) -5.2% Gross Profit 740 737 +0.4% Other Net Income 19 14 +31.5% Valuation Gain on Investment Properties 1 - +100% Administrative Expenses (122) (119) +2.7% Profit from oper
Slide 7: Turnover Breakdown
Turnover Breakdown Others Hong Kong Others 10.1% 0.8% Video 16.1% Greater China 33.1% 25.9% 66.1% 47.9% Data Southeast Asia Video Data Others Hong Kong Greater China Southeast Asia Others Note: Greater China includes Mainland China, Taiwan, Macau but excludes Hong Kong 7
Slide 8: Financial
Financial 2017 2016 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 7,326 6,463 Total Liabilities 2,025 1,614 Cash Free Cash 967 803 Capital Commitment Contracted for 913 1,781 Authorised but not contracted for 195 195 1,108 1,976 8
Slide 9: Key Financial Metrics
Key Financial Metrics (HK$ million) EBITDA EBITDA Margin 1,050 1,019 1,019 100% 83% 84% 1,000 80% 75% 950 60% 898 900 40% 850 20% 800 0% 2015 2016 2017 2015 2016 2017 EBITDA EBITDA Margin 9
Slide 10: Key Financial Metrics
Key Financial Metrics Gearing 100% 80% 60% 38% 38% 40% 33% 20% 28% 28% 25% 0% 2015 2016 2017 Debt-equity ratio Debt-ratio 10
Slide 11: Satellite Fleet
a APSTAR by APT Satellite SATELLITE FLEET
Slide 12: Satellite Fleet & Utilisation Rate
Satellite Fleet & Utilisation Rate 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-9 2015 DFH-4 32 14 142E 181 available transponders (as of December 2017) • Our footprint c
Slide 13: New Satellite: APSTAR-5C
New Satellite: APSTAR-5C APSTAR-5C • Kicked off in Dec 2015 • APT holds 57.47% interests • To replace APSTAR 5 satellite with expanded coverage and capacity • Total 63 C, Ku and Ka-band transponders • Ku-band HTS (high throughput satellite) capacity to serve South East Asia region • Will be launched
Slide 14: New Satellite: APSTAR-6C
New Satellite: APSTAR-6C APSTAR-6C • Kicked off in Oct 2015 • To replace APSTAR 6 satellite with expanded coverage and capacity • Total 45 C, Ku and Ka-band transponders • Satellite has been shipped to Xichang launch site • Target to launch in second quarter of 2018 14
Slide 15: New Satellite: APSTAR-6D
New Satellite: APSTAR-6D APSTAR-6D • The satellite is developed by the Group’s joint venture in Mainland China • As at 31 December 2017, APT (Shenzhen) has paid RMB300,000,000, to the joint venture, representing 50% of its committed contribution. • APSTAR-6D is a sister satellite of APSTAR-6C and wi
Slide 16: Business Prospects
a APSTAR by APT Satellite BUSINESS PROSPECTS
Slide 17: Business Prospects
Business Prospects • Looking forward to the whole year of 2018, the market competition of the satellite industry will be fierce. • Nevertheless, the transponder utilisation rates of the Group’s satellites, APSTAR-5, APSTAR- 6, APSTAR-7 and APSTAR-9, as the premium satellite resources, will continue
Slide 18: Business Overview
a APSTAR by APT Satellite BUSINESS OVERVIEW
Slide 19: Customer Portfolio
Customer Portfolio a APSTAR by APT Satellite a APSTAR by APT Satellite Oh fie] é 5 es iisen| ar j a ' © BKS enamnene GN =o ver OD EB A K 2 a @ oo e& w © Gay ne BS oe Fame AGN Mie ony = om mo me mm mm © & QO B 2 mw 2 & « 2 MM % DIVA HB® ,,~) —— = HES GMA Hen ss — a OM suse vowmenTy Po) me (5) ‘Zstupi
Slide 20: Services
Services Media Broadband Mobility Video distribution & broadcast Cellular backhaul Maritime broadband Direct to home TV Enterprise network Inflight broadband Content contribution IP access land mobile on the move Broadcasting & Uplink Services Network Services Data Center Services TV broadcast play-
Slide 21: Ground Facilities
Ground Facilities Satellite Control Centre Satellite Access Centre Control & monitor 5 satellites Carrier Signal monitoring (CSM) 7x24 TTC function Transponder spectrum management Customer technical support Network Operation Centre TV Broadcast Centre VSAT network Digital TV playout / DVB platform I
Slide 22: Satellite Footprints
a APSTAR by APT Satellite SATELLITE FOOTPRINTS
Slide 23: APSTAR-5
APSTAR-5 SS/LORAL FS1300 C-band 38 Asia Oceania, Pacific C-Coverage island, Hawaii C-EIRP 33-41dBW Ku-band 16 Ku-EIRP 45-59dBW China, Mongolia, Ku-coverage Korea, India Obit 138E 23
Slide 24: APSTAR-6
APSTAR-6 TAS SPACEBUS 4000C2 C-band 38 Asia Oceania, Pacific C-Coverage island, Hawaii C-EIRP 33-42dBW Ku-band 12 Ku-EIRP 46-59dBW Ku-coverage China Obit 134E 24
Slide 25: APSTAR-7
APSTAR-7 TAS SPACEBUS 4000C2 C-band 28 Asia, Australia, C-Coverage Europe, Africa C-EIRP 32-41dBW Ku-band 28 Ku-EIRP 45-56dBW China, Middle East, Ku-coverage Africa, steerable beam Obit 76.5E 25
Slide 26: APSTAR-9
APSTAR-9 DFH-4 C-band 32 China, Asia Oceania, C-Coverage Pacific island, Hawaii C-EIRP 33-42dBW Ku-band 14 Ku-EIRP 46-59dBW Ku-coverage Southeast Asia Obit 142E 26
Slide 27: 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 28: APT Satellite Holdings Limited Investor Relations
APT Satellite Holdings Limited Investor Relations ir@apstar.com +852 2600 2100 22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong APSTAR-5C 6C 6D NEW Capacities 2018 & 2019
APT Satellite Holdings — FY2017 Earnings Presentation on 6ix