Apt Satellite Holdings Limited · HKEX:1045

Apt Satellite — H1 2013 Earnings Presentation

20 slides from Apt Satellite's earnings presentation, Aug 26, 2013

1. Slide 1: 2013 Interim Report

   1 2013 Interim Report 26 August 2013

2. Slide 2: Highlights, Operations Review, Business Prospects, Financial

   2 • Highlights • Operations Review • Business Prospects • Financial

3. Slide 3: Financial Highlights

   3  Financial Highlights

4. Slide 4: Interim Results

   4 Interim Results 1H/2012 1H/2013 Increase (HK$ M) (HK$ M) Turnover 402.3 559.1 39% Profit Attributable 1.66 to Equity 104.7 279.0 times Shareholders

5. Slide 5: Interim Dividend

   5 Interim Dividend The Board has resolved to declare an interim dividend of 5.00 cents per share for the six months ended 30 June 2013. Increased 1.5 times as compared to interim dividend in 2012.

6. Slide 6: Turnover Breakdown by Business

   Turnover Breakdown by Business 69% 66% 70% 60% 50% 31% 29% 40% 30% 20% 3% 2% 10% 0% 1H/2012 1H/2013 Broadcasting Telecom Other 6

7. Slide 7: Consolidated Income Statement (1)

   7 Consolidated Income Statement (1) 1H/2012 1H/2013 (HK$M) (HK$M) Turnover 402.3 559.1 Cost of services (188.9) (183.6) Gross profit 213.4 375.5 Other net income 8.3 14.0 Valuation gains on investment property 0.5 1.1 Administrative expenses (53.0) (48.6) Profit from operations 169.2 342.0

8. Slide 8: Consolidated Income Statement (2)

   Consolidated Income Statement (2) 1H/2012 1H/2013 (HK$ M) (HK$ M) Profit from Operations 169.2 342.0 Fair value changes on financial instrument (22.0) 4.5 designated at fair value through profit or loss Finance costs (4.5) (14.2) Profit before taxation 142.7 332.3 Income tax (38.0) (53.3) Profit aft

9. Slide 9: Expenses Breakdown

   Expenses Breakdown 77% 74% 80% 70% 60% 50% 40% 22% 20% 30% 20% 1% 6% 10% 0% Cost of Services Admin. Finance costs 1H/2012 1H/2013 9

10. Slide 10: Cost of Service Breakdown

    Cost of Service Breakdown 86% 90% 80% 80% 70% 60% 50% 40% 30% 20% 5% 8% 6% 9% 3% 3% 10% 0% Depreciation Insurance Licence & Orbit Satellite-based Slot Fees Broadcasting and Telecommunic ation 1H/2012 1H/2013 10

11. Slide 11: EBITDA Margins

    11 EBITDA Margins 84.8% 100.0% 80.1% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 1H/2012 1H/2013 Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization and impairment loss as a percentage of turnover.

12. Slide 12: Operations Review

    12 Operations Review

13. Slide 13: Transponder Utilization Rates

    Transponder Utilization Rates 30 June 2012 30 June 2013 APSTAR 5 (APT’s 82.10% 82.33% transponders) APSTAR 6 75.18% 87.24% APSTAR 7 71.25% 75.08% 13 13

14. Slide 14: APSTAR 5

    14 APSTAR 5  High power geostationary telecommunication satellite based on FS1300 made by SS/L of USA.  Launched in June 2004, positioned at 138⁰E orbital slot  APT keeps 20 C-Band & 9 Ku-Band Transponders  The mission life is about 15 years  Maintained high utilization rate with further growth

15. Slide 15: APSTAR 6

    15 APSTAR 6  High power geostationary telecommunication satellite based on a SpaceBus 4000 C1 platform of Thales Alenia Space  Launched in April 2005, positioned at 134⁰E orbital slot  38 C-band and 12 Ku-band transponders  Started commercial operation in June 2005  Operation mission life over

16. Slide 16: APSTAR 7

    16 APSTAR 7  High power geostationary telecommunication satellite based on SpaceBus 4000 C2 platform of Thales Alenia Space, successfully launched in 31 March 2012 to replace APSTAR 2R with mission life of 18.5 years, located at 76.5 ⁰E orbital slot  28 C and 28 Ku transponders to ensure seamless

17. Slide 17: Customer Services

    17 Customer Services  Satellite TV Broadcasting Services APT Satellite TV Development Ltd. for Satelite TV Service under Non-Domestic Television Programme Licence.  Satellite-based Telecommunications Services APT Telecom Services Limited for satellite telecom services under Fixed Carrier Licence 

18. Slide 18: Business Prospects

    18 Business Prospects

19. Slide 19: Business Prospects

    19 Business Prospects  APSTAR 7 has been well received by customers  Business growth potential from Ku-Band transponders of APSTAR 7 for emerging markets in Asia, Middle East, and Africa  The utilization rate will continue to remain at high level securing significant market share and generating s

20. Slide 20: www.apstar.com

    20 www.apstar.com APT Satellite Group

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