Slide 1: KT 1Q22 Earnings Release
KT 1Q22 Earnings Release J 2022. 5. 12 | 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: 1Q22 Highlights
1 1Q22 Highlights Financial Revenue Revenue 6,277.7 bn. (YoY +4.1%) 4,608.4 bn. (YoY +0.7%) Consolidated KT Separate Operating Operating 626.6 bn. (YoY +41.1%) 429.9 bn. (YoY +17.5%) Profit Profit Operations Strengthen new growth portfolio through Accelerating DIGICO·B2B growth partnership & coopera
Slide 5: DIGICO Transformation
2 DIGICO Transformation • Expand biz. portfolio and accelerate service revenue growth through DIGICO transformation • B2B/DIGICO revenue portion target to 50% by 2025, which is currently 40% in 2021 Service Rev. +8.7% (KT Separate(,별 ea 도 ch 1 분 1Q 기 ac 누 cu 적 m서 ul비 at스 ed매 re 출 ve 기 nu 준 e)) tr wo
Slide 6: Financial Highlights
1 1Q22 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 6
Slide 7: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Operating revenue increased +4.1% YoY with balanced growth in both Telco and DIGICO business • OP and NI increased +41.1%, +39.5% YoY respectively with visible outcome of DIGICO transformation (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY Operating Revenue 6,029.4
Slide 8: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY Operating Expenses 5,585.2 6,254.1 5,651.1 -9.6% 1.2% Labor Cost 1,024.2 1,076.1 1,040.4 -3.3% 1.6% General Expense 2,320.7 2,601.2 2,471.0 -5.0% 6.5% - Depreciation 901.2 914.1 891.7 -2.4% -1.1% Cost of Service Provide
Slide 9: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY 33,547.6 37,301.1 0.4% 11.2% Assets 37,159.3 2,753.1 2,682.2 -11.2% -2.6% Cash & Cash equivalents 3,019.6 Liabilities 18,209.7 20,592.1 20,707.3 0.6% 13.7% Borrowings 7,724.6 8,437.7 8,894.9 5.4% 15.1% Equity 15,337.9 1
Slide 10: Separate CAPEX
K-IFRS / Separate 4 CAPEX • CAPEX executed KRW 346.4 bn in 1Q22 (Unit: KRW bn) 3,257 2,872 2,855 2,514 2,397 2,359 2,250 1,977 346 2014 2015 2016 2017 2018 2019 2020 2021 1Q22 10
Slide 11: Business Overview
1 1Q22 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 11
Slide 12: Separate KT – Telco B2C
K-IFRS / Separate 1 KT – Telco B2C • Telco B2C rev. up +1.2% YoY with premium subs and contents bundle subscription services expansion • 5G subscribers grow to account for 50% of handset subscribers, driving wireless revenue growth (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY Telco B2C 2,325.6 2,335.8 2,35
Slide 13: Separate KT – DIGICO B2C
K-IFRS / Separate 2 KT – DIGICO B2C • DIGICO B2C rev. up +4.7% YoY with balanced growth in both media and mobile platform business • IPTV rev. up +9.3% YoY with subs and platform revenue expansion, driving growth of media business (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY DIGICO B2C 524.4 537.4 549.3 2.
Slide 14: Separate KT – Telco B2B
K-IFRS / Separate 3 KT – TELCO B2B • Corp. BB/data rev. up +3.7% YoY with increased data traffic and demand for high-speed lines • Corp. Telephony rev. up +14.3% YoY with increased demand for VoIP and telephony DX biz. expansion (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY Telco B2B 485.4 500.8 519.7 3.8%
Slide 15: Separate KT – DIGICO B2B
K-IFRS / Separate 4 KT – DIGICO B2B • DIGICO B2B rev. up +10.5% YoY due to rapid growth of AICC and growing demand for DX • Cloud/IDC rev. up by +14.7% YoY. Established a company specialized in digital infrastructure, ‘kt cloud’ (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY DIGICO B2B 488.5 518.6 539.6 4.1%
Slide 16: Major subsidiaries
K-IFRS / consolidated(each subsidiary) 5 Major subsidiaries • BC card rev. grew +7.5% YoY due to recovery of consumer sentiment • Contents subsidiaries rev. up +35.5% YoY with business and portfolio expansion Subsidiaries Revenue (Unit: KRW bn) 1Q21 4Q21 1Q22 QoQ YoY -4.5% 7.5% BC card 839.5 945.2 9
Slide 17: Appendix
1 1Q22 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 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 Consolidated 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 Operating revenue 6,029.4 6,027.6 6,217.4 6,623.6 6,277.7 Operating revenue 4,574.5 4,478.8 4,664.7 4,669.5 4,608.4 Service revenue 5,230.4 5,336.8 5,402.4 5,758.1 5,565.5 S
Slide 19: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 KT Separate 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 33,547.6 34,139.0 35,831.2 37,159.3 37,301.1 27,693.7 28,203.4 28,607.5 29,362.4 29,305.6 Assets Assets Current assets 11,567.1 11,695.3 11,897.4 11,858.4 12,189.9 Current asset
Slide 20: Separate Subscribers Wireless
K-IFRS / Separate 3 Subscribers Wireless 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 QoQ YoY 1) Subscribers (Unit: Thousands) Total 22,427 22,621 22,735 22,799 23,060 1.1% 2.8% Net additions 122 194 114 64 261 310.5% 113.8% Gross additions 1,165 1,041 986 1,064 1,039 -2.3% -10.8% 2) Deactivation 1,043 847 871 1,0
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