Slide 1: 2013 Earnings Release
2013 Earnings Release Investor Relations | 2014. 1. 28 kt kt, global ICT convergence leader
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp. (“the Company”). 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 change without notice. No
Slide 3: Contents
Contents 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 2
Slide 4: Financial Highlights: Income Statement
K-IFRS / Consolidated 1-1 Financial Highlights Income Statement (Unit: KRW bn) Yearly Results 2013 2012 YoY 4Q13 3Q13 4Q12 QoQ YoY Operating revenue 23,810.6bn Operating revenue 23,810.6 23,856.4 -0.2% 6,214.5 5,734.6 6,213.0 8.4% 0.0% (YoY) -0.2% Service revenue 19,844.1 19,255.5 3.1% 5,029.8 4,935
Slide 5: Financial Highlights: Major Subsidiaries
K-IFRS / Consolidated 1-2 Financial Highlights Major Subsidiaries BC Consolidated from 4Q11 Operating Revenue 3,150.4 3,128.9 3,090.4 2011 2012 2013 Operating Profit 103.6 143.1 154.9 2011 2012 2013 kt skylife Consolidated from 1Q11 478.3 574.8 627.4 2011 2012 2013 34.4 65.8 99.5 2011 2012 2013 kt r
Slide 6: Financial Highlights: Operating Revenue
K-IFRS / Consolidated 1-3 Financial Highlights Operating Revenue (Unit: KRW bn) 2013 Operating revenue 23,810.6bn (YoY) -0.2% 2013 2012 YoY 4Q13 3Q13 4Q12 QoQ YoY - Wireless revenue increased 0.9% YoY backed by wireless ARPU growth Wireless 6,976.5 6,913.4 0.9% 1,753.9 1,713.8 1,703.0 2.3% 3.0% Wire
Slide 7: Financial Highlights: Operating Expenses
K-IFRS / Consolidated 1-4 Financial Highlights Operating Expenses (Unit: KRW bn) 2013 Operating expenses 22,936.6bn (YoY) +1.3% Labor cost 2013 3,288.9 2012 3,075.8 YoY 6.9% 4Q13 858.3 3Q13 813.0 4Q12 834.5 QoQ 5.6% YoY 2.9% - Labor costs increased 6.9% YoY due to consolidation of subsidiaries and w
Slide 8: Financial Highlights: Non-Operating Income(Loss)
K-IFRS / Consolidated 1-5 Financial Highlights Non-Operating Income(Loss) (Unit: KRW bn) 2013 non-operating loss 2013 2012 YoY 4Q13 3Q13 4Q12 QoQ YoY 560.3bn (YoY) TR Non-operating income 608.8 1,286.1 -52.7% 221.4 21.2 556.7 942.1% -60.2% - Due to less sales of real estate and copper, non-operating
Slide 9: Financial Highlights: Financial Position
K-IFRS / Consolidated 1-6 Financial Highlights Financial Position (Unit: KRW bn) Debt Position 4Q13 3Q13 4Q12 QoQ YoY - Total Debt : 11,479.8bn Assets 35,039.9 34,127.2 34,557.9 2.7% 1.4% - Net Debt : 9,408.9bn Cash and cash equivalents 2,070.9 2,033.1 2,057.6 1.9% 0.6% Debt Ratio Liabilities 22,022
Slide 10: Financial Highlights: CAPEX
K-IFRS / kt Separate 1-7 Financial Highlights CAPEX (Unit: KRW bn) 2013 Total CAPEX - 2013 : KRW 3,312.5bn (YoY) -10.7% - Recorded run rate of 93.3% compared to the guidance of KRW 3.5tn Wireless CAPEX - 2013 : KRW 1,293.8bn Wireline CAPEX - 2013 : KRW 1,282.5tn 2014 CAPEX Guidance - Wireless : KRW
Slide 11: Business Overview
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 10
Slide 12: Business Overview: Wireless
K-IFRS / Consolidated 2-1 Business Overview Wireless (Unit: KRW bn) Despite business suspensions, Wireless service revenue recorded 0.9% YoY increase, backed by ARPU growth from LTE subscriber expansion 2013 2012 YoY 4Q13 3Q13 4Q12 QoQ YoY Service 5,932.4 5,794.6 2.4% 1,480.6 1,463.9 1,472.1 1.1% 0.
Slide 13: Business Overview: Wireline
K-IFRS / Consolidated 2-2 Business Overview Wireline (Unit: KRW bn) Due to decrease in both subscriber and MOU of Telephony, total Wireline revenue fell 6.7% YoY 2013 2012 YoY 4Q13 3Q13 4Q12 QoQ YoY Telephony 2,979.4 3,375.6 -11.7% 715.5 717.2 797.2 -0.2% -10.3% Broadband 1,770.1 1,758.7 0.6% 448.5
Slide 14: Business Overview: Media / Contents
K-IFRS / Consolidated 2-3 Business Overview Media / Contents (Unit: KRW bn) Expansion of kt Group Media subscribers led to 25.3% YoY revenue growth 2013 2012 YoY 4Q13 3Q13 4Q12 QoQ YoY Media 1,178.0 987.3 19.3% 302.5 302.9 282.4 -0.1% 7.1% Contents 159.8 80.6 98.4% 35.2 48.2 40.9 -26.9% -13.9% kt Gr
Slide 15: Business Overview: Finance / Rental
K-IFRS / Consolidated 2-4 Business Overview Finance / Rental (Unit: KRW bn) Finance/Rental revenue Revenue rose 7.4% YoY with stable BC Card revenue and kt Rental’s revenue growth from auto rental customer expansion Other Services revenue SI growth through KT ens and consolidation of kt estate led O
Slide 16: Q&A
Q&A 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 15
Slide 17: Appendix
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 16
Slide 18: K-IFRS Quarterly Income Statements
4-1 K-IFRS Quarterly Income Statements (Unit: KRW bn) Consolidated I/S 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 Operating revenue 5,723 5,732 6,188 6,213 6,104 5,757 5,735 6,214 Service Revenue 4,725 4,760 4,876 4,895 4,941 4,938 4,935 5,030 Wireless 1,716 1,740 1,754 1,703 1,757 1,752 1,714 1,754 Fi
Slide 19: K-IFRS Yearly Income Statements
4-2 K-IFRS Yearly Income Statements (Unit: KRW bn) Consolidated I/S 2011 2012 2013 YoY Operating revenue 21,258 23,856 23,811 -0.2% Service Revenue 16,947 19,255 19,844 3.1% Wireless 6,969 6,913 6,976 0.9% Fixed line 6,951 6,392 5,965 -6.7% Media/Contents 803 1,068 1,338 25.3% Finance/Rental 997 3,5
Slide 20: K-IFRS Statement of Financial Position
4-3 K-IFRS Statement of Financial Position (Unit: KRW bn) Consolidated 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 Asset 33,209 32,253 33,871 34,558 34,075 33,490 34,127 35,040 Current assets 10,967 9,872 10,582 10,517 10,546 10,108 10,057 9,967 Cash &cash equivalents 1,590 1,411 1,279 2,058 1,493 1,882
Slide 21: Subscribers (kt only)
4-4 Subscribers (kt only) Wireless 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 QoQ YoY Total Wireless Subscribers 17,435 17,389 17,416 17,436 17,371 17,354 17,205 17,300 0.6% -0.8% 3G + LTE 16,599 16,488 16,480 16,502 16,443 16,439 16,325 16,454 0.8% -0.3% WiBro 836 902 936 934 928 915 880 846 -3.9% -9.
Slide 22: Thank you
Thank you | kt