Hkbn Ltd. · HKEX:1310

Hkbn — H1 2015 Earnings Presentation

22 slides from Hkbn's earnings presentation, Apr 29, 2015

1. Slide 1: HKBN Ltd. 2015 interim results

   HKBN Ltd. 1310 2015 2 28 2015 2 28 2015 2 28 34 • 10% 11.26 • 15% 4.82 • 1.60 4,700 1,100 • 29% 1.60 • 90% 100% 1

2. Slide 2: G.O.D. (Give, Objectivity, Daddy)

   G.O.D. (Give) (Objectivity) (Daddy) 2015 3 (Big Fat Dumb Pipes) 2

3. Slide 3: 1,126,111 1,020,739 +10% (46,688) 10,887 1,2 159,559 ,022 +29% 1,3 482,240 417,736 +15% 1,4

   1 2 28 2015 2014 1,126,111 1,020,739 +10% (46,688) 10,887 1,2 159,559 124,022 +29% 1,3 482,240 417,736 +15% 1,4 42.8% 40.9% +1.9 1,5 184,748 178,084 +4% 1,2 (46,688) 10,887 55,083 131,833 (9,089) (21,752) 96,234 3,054 11,600 – 52,419 – 159,559 124,022 1,3,5 (46,688) 10,887 198,501 96,193 (1,909) (1,

4. Slide 4: ARPU and subscriber metrics

   2 2015 2014 2014 2 28 8 31 2 28 2,119 2,088 2,057 +3% 722 692 662 +9% 6 35.4% 34.2% 33.0% +2.4 7 0.6% 0.7% 1.0% –0.4 ARPU 8 184 181 173 +6% 2.0 1.9 1.9 +5% 31 28 26 +19% 6 13.0% 12.0% 11.6% +1.4 9 0.8% 1.2% 1.1% –0.3 ARPU 10 1,025 1,036 1,053 –3% 35 32 30 +17% 4

5. Slide 5: ARPU definitions

   (1) (2) (3) (4) (5) (6) 2015 2 28 2015 1 31 (7) 100% (8) ARPU ARPU ARPU (9) 100% (10) IDD 5

6. Slide 6: Business review

   2015 2 28 • 10% 11.26 • 9% 8.72 2015 2 28 30,000 722,000 ARPU 6% 184 2014 2 28 33.0% 2015 1 31 35.4% • 10% 2.29 2015 2 28 3,000 35,000 ARPU 3% 1,025 2014 2 28 11.6% 2015 1 31 13.0% • 1.32 2% 1.29 • 7.65 6% 8.14 5,200 • 9,600 106% 1.99 5.25% 1.08 9,600 1,200 2015 1 19 31.00 6

7. Slide 7: 2.06% 5.25% 26.35 2015 3.5 1.453% 85% 3.513% 15% 2.06% 5.25% • 2,200 4,100

   2.06% 5.25% 26.35 2015 2 23 3.5 1.453% 85% 3.513% 15% 2.06% 5.25% • 2,200 4,100 • 1.08 5,200 1.60 2015 2 28 4,700 1,100 • 29% 1.60 • 15% 4.82 40.9% 42.8% • 4% 1.85 • 2015 2 28 1.65 1.33 • II 7

8. Slide 8: • • • • 3.53 2014 4.36 30.10 2014 29.94 26.57 14 8 31

   • • • • 2015 2 28 3.53 2014 8 31 4.36 30.10 2014 8 31 29.94 26.57 2014 8 31 25.58 2015 2 28 221% 2014 8 31 182% 2015 1 19 31.00 2.06% 5.25% 2015 2 28 2014 8 31 2015 2 28 2.00 2014 8 31 1.00 8

9. Slide 9: 2015 3.5 26.35 1.453% 2014 2014 983 7.80 1.00 2,351 2014 8 31 2,596

   2015 2 23 3.5 26.35 1.453% 2015 2 28 2014 8 31 2015 2 28 500 2014 8 31 500 1983 7.80 1.00 2015 2 28 2,351 2014 8 31 2,596 2015 2 21 II 9

10. Slide 10: 2015 2.30 2015 2015 90% 100% 2410 0 10

    2015 3 12 2015 2 28 2.30 2015 2 18 2015 2 28 2015 3 9 90% 100% 2015 2 28 2015 2 28 2410 14 10 10

11. Slide 11: Contact

    (www.hkexnews.hk) (www.hkbnltd.net) 2015 2 28 Bradley Jay Horwitz 2015 4 29 Bradley Jay Horwitz SBS, JP 11

12. Slide 12: Consolidated income statement

    2015 2 28 2 28 2015 2014 4 1,126,111 1,020,739 5(b) 9,841 5,910 (128,851) (131,738) 5(a) (814,147) (765,438) 5(c) (198,501) (96,193) 5 (5,547) 33,280 6 (41,141) (22,393) (46,688) 10,887 7 (4.7) 1.1 12

13. Slide 13: Comprehensive income

    2015 2 28 2 28 2015 2014 (46,688) 10,887 (2,065) (995) (48,753) 9,892 13

14. Slide 14: Consolidated balance sheet

    2015 2 28 2015 2014 2 28 8 31 1,594,110 1,594,110 1,385,585 1,440,668 1,937,114 1,957,006 12,805 9,252 4,929,614 5,001,036 12,565 21,680 8 88,315 79,995 213,523 181,084 352,752 435,630 667,155 718,389 9 10,654 11,611 274,537 306,625 30,903 32,021 65,266 84,399 9,024 9,024 230,158 – 3,215 6,145 83,19

15. Slide 15: Balance sheet (continued)

    2015 2 28 2015 2014 2 28 8 31 13,206 – 12,491 7,932 56,403 60,915 433,873 457,897 – 3,430 – 2,994,058 3,009,908 – 3,525,881 3,524,232 1,363,934 1,642,845 100 8 1,363,834 1,642,837 1,363,934 1,642,845 15

16. Slide 16: Metropolitan Light Company arrangements

    1 2015 2 28 34 2014 11 26 22 2013 Metropolitan Light Company Limited MLCL 2015 2 17 Metropolitan Light Holdings Limited MLHL MLHL MLCL MLCL 2015 3 11 MLHL MLCL 2012 3 15 2012 5 30 MLCL MLCL MLCL MLCL 2015 2014 8 31 2 34 16

17. Slide 17: 2014 2410 2014

    1 2014 8 31 2410 2014 8 31 2 3 8 17

18. Slide 18: Revenue and costs notes

    4 2 28 2015 2014 871,671 798,832 229,328 208,258 25,112 13,649 1,126,111 1,020,739 5 2 28 2015 2014 (a) 191,409 179,427 183,693 157,791 (33) (3,687) 12,028 7,926 5(d) 198,989 171,742 55,083 131,833 52,419 – 120,559 120,406 814,147 765,438 18

19. Slide 19: Notes to financials

    5 2 28 2015 2014 (b) (1,909) (1,361) 724 2,283 (1,979) (2,320) (4,512) (4,512) (2,165) – (9,841) (5,910) (c) 2 28 2015 2014 10,173 – 462 – 66,826 93,139 13,206 – 96,234 3,054 11,600 – 198,501 96,193 19

20. Slide 20: Notes to financials

    5 (d) 2 28 2015 2014 310,628 278,056 24,233 24,034 334,861 302,090 (12,467) (10,051) (123,405) (120,297) 198,989 171,742 2 28 2015 2014 (e) 724 2,283 183,693 157,791 18,151 19,813 61,708 61,617 9,896 8,088 23,159 10,820 20

21. Slide 21: Tax and earnings per share notes

    6 2 28 2015 2014 62,777 40,251 2,388 2,444 (24,024) (20,302) 41,141 22,393 2015 2 28 16.5% 2014 2 28 16.5% 7 (a) 46,688,000 2014 2 28 10,887,000 1,000,000,000 2014 2 28 1,000,000,000 2015 2014 2 28 1,000,000,000 (b) 2015 2014 2 28 21

22. Slide 22: Receivables ageing and other notes

    8 2015 2014 2 28 8 31 30 66,070 55,506 31 60 15,786 13,229 61 90 5,360 4,032 90 1,099 7,228 88,315 79,995 30 9 2015 2014 2 28 8 31 30 4,004 4,503 31 60 1,938 3,237 61 90 163 12 90 4,549 3,859 10,654 11,611 10 2015 2 28 (a) 2015 3 12 (b) 2015 3 27 567 5,666,666 II 22

HKBN — H1 2015 Earnings Presentation on 6ix