Sky Perfect Jsat Corporation · TSE:9412
Sky Perfect Jsat — Q3 FY2022 Earnings Presentation
35 slides from Sky Perfect Jsat's earnings presentation, Feb 1, 2023
Slide 1: 3Q 2022 Presentation Material
Securities Code: 9412 SKY Perfect JSAT Holdings Inc. 3Q 2022 Presentation Material For the 9-month period ended December 31, 2022 February 1, 2023
Slide 2: Forward-looking Statements
Forward-looking Statements Statements about the SKY Perfect JSAT Group’s forecasts, strategies, management policies, and targets contained in this presentation that are not based on historical facts constitute forward-looking statements. These statements are based on management’s assumptions, plans,
Slide 3: Toward 2030
Toward 2030 Investment will be over ¥200 billion for New business field S PA C E MEDIA Using new technology Driving new business Ｏver and Over ¥150B beyond viewing ¥50B Expanding business field experience Universal NTN Satellite Connected TV Satellite Communi Optical Data Relay broad Media Solutions
Slide 4: Consolidated Financial Results
Consolidated Financial Results Third Quarter of FY2022
Slide 5: Consolidated Earning Results for 3Q of FY2022
Consolidated Earning Results for 3Q of FY2022 Revenue and Income was in line with the plan against the FY2022 Forecast. The decrease in Net Income was mainly due to disappearance of a reduction in tax expenses (¥0.9B) incurred in FY2021. (in Millions of ¥) FY2021 3Q FY2022 3Q Change FY2022 Progr
Slide 6: Trends of Consolidated Financial Results by Quarter
セグメント別 連結業績の推移(2018年度1Q ～ 2019年度4Q) Trends of Consolidated Financial Results by Quarter （FY2021 1Q – FY2022 3Q） Revenue Operating Income Net Income (in Millions of ¥) (in Millions of ¥) (in Millions of ¥) 35,000 6,000 5,000 5,566 30,597 30,000 5,000 4,000 3,683 25,000 4,000 20,000 3,000 3,000 15,000
Slide 7: Earnings Overview: Space Business
Earnings Overview: Space Business Revenue was increased due to an increase in sales of JCSAT-1C and Horizons 3e despite a decrease in broadcasting transponder-related revenue. Profit increased due to a decrease in depreciation expenses and amortization. Major factors of change (YoY) Revenue Oper
Slide 8: Earnings Overview: Media Business
Earnings Overview: Media Business Revenue decreased due to a decline of revenue from decrease in cumulative subscribers though an increase in sales of FTTH business. Depreciation expenses decreased but Operating Expense increased due to increase in promotion expenses etc. Major factors of change
Slide 9: Topics: Initiatives for Future Growth
Topics ― Initiatives for Future Growth ―
Slide 10: Universal NTN Data Collection Network
S P A C E Space Business Vision -Toward Realization of Society 5.0- CYBER Intelligence Analysis processing Universal NTN Data transfer Analysis result GEO SPACE Digitization sensing Feedback Network LEO HAPS Data Collection Network Disaster anticipation Industrial revitalization PHYSICAL Improving t
Slide 11: Advancement of Developing Universal NTN
S P A C E Advancement of Developing Universal NTN Universal NTN SKY Perfect JSAT and NTT DOCOMO successfully conducted World’s first radio wave propagation test using 38GHz from the stratosphere Demonstrated the feasibility of providing wireless-connectivity service by testing from underlayer of t
Slide 12: Towards Realization of Space Data Center Business
Towards Realization of S P A C E Space Data Center Business Optical Data Relay Space Compass and Skyloom finalized partnership to bring optical data relay services to the earth observation market Concluded joint business development agreement in January 2023 The first GEO satellite “SkyCompass-1
Slide 13: Business Contributing to National Security
S P A C E Business Contributing to National Security Defense National Security Strategy ＜Policy direction for Japan’s security on space＞ Japan’s 1. Enhancing utilization of space 3 defense National Defense Strategy documents 2. Response to threats to the stable use of space Defense Buildup Program 3
Slide 14: Media Business Growth Story
M E D I A Media Business Growth Story “Broadcasting＋Distribution＋Real” Enhance the fan experience Connected TV Dongle／Ad Platform Multi-channel／Basic services／Live・VOD Broadcasting Real Distribution Real Experience Fan Experience Live・VOD Event Niche content merchandise / Tour 2030 FTTH Segment re-t
Slide 15: Broadcasting Popular Sports Games (1)
M E D I A Broadcasting Popular Sports Games (1) Broadcasting/Distribution To enable subscribers to watch games outside away from home by providing convenient distribution channel plus TV Japanese Professional Baseball Bundesliga （Opening on 30 March, 2023） • Broadcasting and distribution of official
Slide 16: Broadcasting Popular Sports Games (2)
M E D I A Broadcasting Popular Sports Games (2) Broadcasting 2023 WORLD BASEBALL CLASSIC™（March 8 Start） Live broadcasting 39 games throughout the first round – quarterfinal on “J SPORTS” （Recorded broadcast in April for final, semi final and all Japanese games） Upper Left：Sandy Alcántara（Dominica）
Slide 17: Holding a Wide Variety of Events
M E D I A Holding a Wide Variety of Events Real Broadcasting＋Distribution＋Real (Event and Merchandise sales) Enhance the Fan Experience December- November, 2022 November-December December December January, 2023 February- Bundesliga Japan Tour SPOOX MUSIC Professional Baseball Rakugo★ALL STARS Period
Slide 18: Expanding the Service Provision Area of FTTH Redistribution
Expanding the Service Provision Area M E D I A of FTTH Redistribution FTTH FTTH redistribution service started in Fukui prefecture from February 1, 2023, and continuously expanding more service provision area is planned. ●Number of FTTH available households: 42.65M (in 36 prefectures) ●Household cov
Slide 19: Promotion of Sustainability Management and Activities
Promotion of Sustainability Management and Activities Advancing practice toward achievement to realize our 9 (Nine) important material themes E：Environment Support for TCFD（January 2023） • Disclosing information based on the disclosure framework accordance with the TCFD recommendations from 2022
Slide 20: Space for your Smile
Space for your Smile Toward a world where uncertainty turns to peace of mind, difficulty turns to ease, and interest turns to passion py SKY Perfect JSAT Group
Slide 21: References
References
Slide 22: Satellite Fleet Update
Satellite Fleet Update A total of 16 satellites covering from North America to the Indian Ocean Horizons-2 (As of the end of January 2023) (74°W) Horizons-1 (127°W) Horizons 3e JCSAT-85 (169°E) (85°E) Superbird-B3 (162°E) JCSAT-110R BS/CS Hybrid satellite (110°E) Superbird-C2 (144°E) JCSAT-2B (154°E
Slide 23: Revenue Composition ratio in Space Business
Revenue Composition ratio in Space Business 100% 1% 3% 21% 22% 23% 25% 23% 21% 32% 31% 32% 26% 25% 30% 47% 47% 45% 45% 50% 51% 0% FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Domestic Broadcasting Global & Mobile New Business ※Excluding the impact of the sale of communications satellites to the Ministr
Slide 24: Trends of Quarterly Financial Results by Segment
Trends of Quarterly Financial Results by Segment Space Business (in Millions of ¥) Revenue * (in Millions of ¥) Operating Income (in Millions of ¥) Segment Profit 20,000 5,000 5,000 15,000 4,000 4,000 3,000 3,000 10,000 2,000 2,000 5,000 1,000 1,000 0 0 0 FY21 1Q 2Q 3Q 4Q FY22 1Q 2Q 3Q FY21 1Q 2Q 3Q
Slide 25: Trends of Quarterly Financial Results by Segment
セグメント別 連結業績の推移(2018年度1Q Trends of Quarterly ～ 2019年度4Q) Financial Results by Segment (in Millions of ¥) FY2021 FY2022 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Revenue 29,078 29,311 30,046 31,196 119,632 28,806 29,190 30,597 Space 13,843 14,121 15,030 16,504 59,500 13,841 14,319 15,677 Media 17,896 17,811 17,557 1
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and Net Assets Equity Ratio： 64.0% 65.8% (in Millions of ¥) (in Millions of ¥) 378,166 385,490 378,166 385,490 51,701 53,658 83,387 76,823 206,321 209,440 243,077 255,008 119,154 118,774 5,139 4,583 47,550 52,692 End of March End of December End of March
Slide 27: Consolidated Cash Flows
Consolidated Cash Flows (in Millions of ¥) FY2021 3Q FY2022 3Q Net Cash from Operating activities 26,902 42,962 Net Cash from Investing activities (7,659) (16,923) Free Cash Flows *1 19,243 26,039 Net Cash from Financing activities (15,523) (18,773) Cash and Cash Equivalents at Term-end(a) 77,158 94
Slide 28: Key Indicators of Media Business (FY2022 3Q)
Key Indicators of Media Business (FY2022 3Q) (in 10 Thousands) Annual Target FY2021 3Q FY2022 3Q For FY2022 New Subscribers(IC cards or chips) 39.8 39.2 57.2 Net Increase (IC cards or chips) (10.9) (14.5) (9.5) - SKY PerfecTV! (4.3) (8.7) (0.5) - SKY PerfecTV! Premium Service (6.3) (5.3) (8.4) - SKY
Slide 29: Number of New Subscribers (IC cards or chips)
Number of New Subscribers (IC cards or chips) ■ (in Thousands) 181 ■ 1 ■ 140 131 127 10 137 150 1 1 1 5 1 6 6 4 1 5 105 1 4 169 144 132 126 121 130 100 FY2021 1Q 2Q 3Q 4Q FY2022 1Q 2Q 3Q 29
Slide 30: Churn Rate (IC cards or chips)
Churn Rate (IC cards or chips) Churn rate * (Quarterly) Numbers of Churn Note: SKY PerfecTV! three services Total (in Thousands) 6.8% 6.9％ 5.3% 5.2% 4.8% 4.8% 210 5.7% 208 165 172 149 148 157 FY2021 1Q 2Q 3Q 4Q FY2022 1Q 2Q 3Q * The churn rate is calculated by dividing the total number of cancellati
Slide 31: Average Monthly Contractor's Payment
Average Monthly Contractor’s Payment *1 3,347 3,345 3,316 3,293 3,340 3,362 3,311 （Yen） 2,969 2,967 2,938 2,915 2,962 2,984 2,933 378 378 378 378 378 378 378 FY2021 1Q 2Q 3Q 4Q FY2022 1Q 2Q 3Q FY2021/1Q 2Q 3Q 4Q FY2022/1Q 2Q 3Q 3,607 3,587 3,540 3,490 3,559 3,562 3,491 3,173 3,153 3,107 3,058 3,128
Slide 32: Total Subscribers Acquisition Cost (SAC)
Total Subscribers Acquisition Cost (SAC) (in Millions of ¥) 3,710 289 420 271 2,287 1,971 627 2,164 1,772 127 1,851 37 387 59 380 283 60 252 410 1,426 222 463 394 378 211 99 317 230 160 372 261 2,101 338 282 144 1,141 279 1,205 736 871 831 529 FY2021/1Q FY2021/2Q FY2021/3Q FY2021/4Q FY2022/1Q FY2022
Slide 33: 9 Important Materiality Themes
9 (Nine) Important Materiality Themes Please view here for the details of the sustainability of the Group https://www.skyperfectjsat.space/en/sustainability/ 33
Slide 34: ESG Data
ESG Data Energy consumption Total waste emissions * a « (10m) 300,000— 9,000 10 FY2021 (Ape 1, 2021 - Mar. 31, 2022) (w 268780 269,375, 26307 248815 oatsog ; ‘Total amount of industial waste, et. 5917 6.56 rt Total amount of general waste, etc 54594 200,000— 5,000 6 ‘Total emissions 160511 100,000 3
Slide 35: SKY Perfect JSAT Group
* go? SKY Perfect JSAT Group
SKY Perfect JSAT Holdings — Q3 FY2022 Earnings Presentation on 6ix