Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — H1 2016 Earnings Presentation
30 slides from Apt Satellite's earnings presentation, 2016
Slide 1: APT Satellite Holdings Limited 2016 Interim Results
APT Satellite Holdings Limited Stock code: (1045) 2016 Interim 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
2016 Interim Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights 1H/2016 1H/2015 Change (HK$ M) (HK$ M) （%） Revenue 603.5 597.9 +0.9% Profit Attributable to 242.1 285.2 -15.1% Equity Shareholders Interim Dividend The Board has resolved to declare a interim dividend of HK3.50 cents per share for the six months ended 30 June 2016. 4
Slide 5: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 1H/2016 1H/2015 Turnover 603.5 597.9 Cost of Services (246.1) (231.6) Gross Profit 357.4 366.3 Other Net Income 12.0 26.1 Valuation (Loss)/Gain on Investment Properties (0.3) 0.1 Administrative Expenses (58.5) (56.5) Profit from operations 310.6
Slide 6: Turnover Breakdown
Turnover Breakdown Others Hong Kong 1.5% 10.8% Others Broadcasting Greater 34.1% 17.7% China 25.8% 64.4% Telecom 45.7% 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 6/2016 12/2015 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 6,064.3 6,141.3 Total Liabilities 1,418.7 1,690.9 Cash Free Cash 875.2 1,237.5 Pledged Deposits 2.0 15.7 Capital Commitment Contracted for 1,882.9 2,211.6 Authorised but not contracted for 194.7 235.0 2,
Slide 8: Key Financial Metrics: EBITDA & EBITDA Margin
Key Financial Metrics EBITDA & EBITDA MARGIN (HK$ million) 800 100.0% 700 82.7% 90.0% 77.8% 76.6% 80.0% 600 499.2 70.0% 488.5 500 457.9 60.0% 400 50.0% EBITDA 40.0% EBITDA MARGIN 300 30.0% 200 20.0% 100 10.0% 0 0.0% 6/2014 6/2015 6/2016 8
Slide 9: Key Financial Metrics: Gearing
Key Financial Metrics GEARING 100.0% 80.0% 61.3% 60.0% 40.0% 38.0% 38.0% 27.5% 30.5% 20.0% 23.4% 0.0% 6/2015 12/2015 6/2016 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-9 Q4 2015 DFH-4 32 14 142E 181 available transponders (as of Dec 2015) • Our footprint covers 75% of world’s
Slide 12: Satellite Fleet
Satellite Fleet APSTAR-7 APSTAR-6 APSTAR-5 APSTAR-9 76.5E 134E 138E 142E 2012 2005 2004 2015 SPACEBUS 4000C2 SPACEBUS 4000C2 FS1300 DFH-4 28 C-band 38 C-band 38 (20) C-band 32 C-band 28 Ku-band 12 Ku-band 16 (9) Ku-band 14 Ku-band [multi-beam connectivity] 12
Slide 13: Satellite Utilisation Rates
Satellite Utilisation Rates Dec-14 Jun-15 Dec-15 Jun-16 Half year Changes APSTAR-5 77.4% 77.7% 75.2% 74.6% -0.6% APSTAR-6 85.6% 80.8% 80.8% 78.1% -2.7% APSTAR-7 65.8% 60.8% 65.0% 65.1% 0.1% APSTAR-9 - - 47.8% 56.1% 8.3% • Overall average utilisation rate was 67.5% 13
Slide 14: New Launched Satellite: APSTAR-9
New Launched Satellite: APSTAR-9 APSTAR-9 – Successfully launched on 17 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
Slide 15: New Satellite: APSTAR-5C
New Satellite: APSTAR-5C APSTAR-5C • Kick off at end of 2015 • APT holds 57.47% interests • C-band, Ku-band and Ka-band transponder capacities • Keep all existing customers base as replacement satellite at 138 degree East orbital slot • Bigger capacities for future business growth • Tap the benefit
Slide 16: New Satellite: APSTAR-6C
New Satellite: APSTAR-6C APSTAR-6C • Kicked off in Oct 2015 • Keep all existing customers base as replacement satellite at 134 degree East orbital slot • A DFH-4 series platform high power geostationary communications satellite with 26 C-band, 19 Ku-band/Ka-band transponders • Tap the benefit of hig
Slide 17: New Satellite: APSTAR-6D
New Satellite: APSTAR-6D APSTAR-6D • Will be commissioned in Q4 2016 • High-throughput satellite project • A joint venture in Mainland China • APT will invest RMB 600 million (30% interest in the joint venture) • The first milestone of China’s high-throughput broadband satellite communication system
Slide 18: Business Prospects
a APSTAR by APT Satellite BUSINESS PROSPECTS
Slide 19: Business Prospects
Business Prospects • The oversupply situation of transponder market will continue in the Asia Pacific region, Middle East and African region. The market competition of the satellite industry will continue to be fierce and subject to substantial price downward pressure. • The transponder utilisation
Slide 20: Business Overview
a APSTAR by APT Satellite BUSINESS OVERVIEW
Slide 21: 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 22: 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 23: 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 24: Satellite Footprints
a APSTAR by APT Satellite SATELLITE FOOTPRINTS
Slide 25: 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 25
Slide 26: 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 26
Slide 27: 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 27
Slide 28: 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 28
Slide 29: 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 30: 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
APT Satellite Holdings — H1 2016 Earnings Presentation on 6ix