Apt Satellite Holdings Limited · HKEX:1045
Apt Satellite — FY2015 Earnings Presentation
31 slides from Apt Satellite's earnings presentation, 2016
Slide 1: APT Satellite Holdings Limited 2015 Annual Results
APT Satellite Holdings Limited Stock code: (1045) 2015 Annual Results
Slide 2: Table of Contents
Table of Contents 1. Financial Highlights 2. Satellite Fleet 3. Business Prospects 4. Business Overview 5. Satellite Footprints 2
Slide 3: Financial Highlights
2015 Annual Results FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Highlights
Financial Highlights 2015 2014 Change (HK$ M) (HK$ M) （%） Revenue 1,194.4 1,247.5 - 4.3% Profit Attributable to 513.8 508.0 + 1.1% Equity Shareholders Final Dividend The Board has resolved to declare a final dividend of HK5.00 cents per share for the financial year ended 31 December 2015. 4
Slide 5: Annual Results
Annual Results HK$ million Revenue HK$ million Profit Attributable to Equity Shareholders 1300 550 545.5 1,247.5 540 1,194.4 1200 530 1,138.1 520 513.8 510 508.0 1100 500 490 1000 480 2013 2014 2015 2013 2014 2015 5
Slide 6: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss (HK$ million) 2015 2014 % Change Revenue 1,194.4 1,247.5 - 4.3% Cost of Services (465.9) (467.7) -0.4% Gross Profit 728.5 779.8 - 6.6% Other Net Income 68.9 27.7 148.7% Valuation (Loss)/Gain on Investment Property (0.2) 0.3 -166.7% Impairment Loss Recognised
Slide 7: Turnover Breakdown
Turnover Breakdown Others Hong Kong 1% 10% Others Broadcasting 35% 20% 26% Greater China 64% Telecom 44% Southeast Asia Broadcasting Telecom Others Hong Kong Greater China Southeast Asia Others 7
Slide 8: Expenses
Expenses (HK$ million) 2015 2014 % Change Turnover 1,194.4 1,247.5 -4.3% Cost of Services (465.9) (467.7) -0.4% % of Turnover 39.0% 37.5% +1.5% Administrative Expenses (131.9) (118.4) +11.4% % of Turnover 11.0% 9.5% +1.5% Financial Costs (18.0) (25.1) -28.3% % of Turnover 1.5% 2.0% -0.5% 8
Slide 9: Financial
Financial 2015 2014 Asset & Liabilities (HK$ million) (HK$ million) Total Assets 6,141.3 6,564.3 Total Liabilities 1,690.9 2,554.8 Cash Free Cash 1,237.5 1,616.7 Pledged Deposits 15.7 11.1 Capital Commitment Contracted for 2,211.6 593.2 Authorised but not contracted for 235.0 - 2,446.6 593.2 9
Slide 10: Key Financial Metrics
Key Financial Metrics (HK$ million) EBITDA EBITDA Margin 980 100.0% 957.4 960 78.3% 76.7% 80.0% 75.2% 940 920 60.0% 891.3 897.6 900 40.0% 880 20.0% 860 840 0.0% 2013 2014 2015 2013 2014 2015 EBITDA EBITDA Margin 10
Slide 11: Key Financial Metrics
Key Financial Metrics Gearing 100% 80% 64% 60% 55% 40% 36% 39% 38% 28% 20% 0% 2013 2014 2015 Debt-equity ratio Debt-ratio 11
Slide 12: Satellite Fleet
a APSTAR by APT Satellite SATELLITE FLEET
Slide 13: Satellite Fleet
Satellite Fleet Launch Platform C-band Ku-band Orbital Slot APSTAR-5 2004 FS1300 38 (20) 16 (9) 138E APSTAR-6 2005 Spacebus 4000C2 38 12 134E APSTAR-7 2012 Spacebus 4000C2 28 28 76.5E APSTAR-9 Q4 2015 DFH-4 32 14 142E 181 available transponders (as of Dec 2015) • Our footprint covers 75% of world’s
Slide 14: Satellite Fleet
Satellite Fleet APSTAR-7 APSTAR-6 APSTAR-5 APSTAR-9 76.5E 134E 138E 142E 2012 2005 2004 Q4 2015 SPACEBUS 4000C2 SPACEBUS 4000C2 FS1300 DFH-4 28 C-band 38 C-band 38 C-band 32 C-band 28 Ku-band 12 Ku-band 16 Ku-band 14 Ku-band [multi-beam connectivity] 14
Slide 15: Satellite Utilisation Rates
Satellite Utilisation Rates Jun-14 Dec-14 Jun-15 Dec-15 Half year Changes APSTAR-5 77.7% 77.4% 77.7% 75.2% -2.5% APSTAR-6 91.8% 85.6% 80.8% 80.8% 0% APSTAR-7 71.9% 65.8% 60.8% 65.0% 4.2% APSTAR-9 - - - 47.8% - • Overall average utilisation rate was 65.92% 15
Slide 16: New Satellite: APSTAR-9
New Satellite: APSTAR-9 APSTAR-9 – Successfully launched on 17 Oct 2015 • To extend APSTAR satellite coverage in Asia Pacific region • Mainly serve promising mobility broadband market for maritime and inflight connectivity • A leader in providing service to China’s maritime broadband market APSTAR-9
Slide 17: New Satellite: APSTAR-5C
New Satellite: APSTAR-5C APSTAR-5C • Kick off at end of 2015 • APT holds 57.47% interests • C-band, Ku-band and Ka-band transponder capacities • Keep all existing customers base as replacement satellite at 138 degree East orbital slot • Bigger capacities for future business growth • Tap the benefit
Slide 18: New Satellite: APSTAR-6C
New Satellite: APSTAR-6C APSTAR-6C • Kicked off in Oct 2015 • Keep all existing customers base as replacement satellite at 134 degree East orbital slot • A DFH-4 series platform high power geostationary communications satellite with 26 C-band, 19 Ku-band/Ka-band transponders • Tap the benefit of hig
Slide 19: Business Prospects
a APSTAR by APT Satellite BUSINESS PROSPECTS
Slide 20: Business Prospects
Business Prospects • Oversupply situation of transponder market will continue in 2016. The market competition of the satellite industry will be fierce and subject to significant price downward pressure. • The transponder utilisation rates of the Group’s satellites, APSTAR-5, APSTAR-6, and APSTAR-7,
Slide 21: Business Overview
a APSTAR by APT Satellite BUSINESS OVERVIEW
Slide 22: Customer Portfolio
Customer Portfolio a APSTAR by APT Satellite a APSTAR by APT Satellite Oh fie] é 5 es iisen| ar j a ' © BKS enamnene GN =o ver OD EB A K 2 a @ oo e& w © Gay ne BS oe Fame AGN Mie ony = om mo me mm mm © & QO B 2 mw 2 & « 2 MM % DIVA HB® ,,~) —— = HES GMA Hen ss — a OM suse vowmenTy Po) me (5) ‘Zstupi
Slide 23: Services
Services Media Broadband Mobility Video distribution & broadcast Cellular backhaul Maritime broadband Direct to home TV Enterprise network Inflight broadband Content contribution IP access land mobile on the move Broadcasting & Uplink Services Network Services Data Center Services TV broadcast play-
Slide 24: Ground Facilities
Ground Facilities Satellite Control Centre Satellite Access Centre Control & monitor 5 satellites Carrier Signal monitoring (CSM) 7x24 TTC function Transponder spectrum management Customer technical support Network Operation Centre TV Broadcast Centre VSAT network Digital TV playout / DVB platform I
Slide 25: Satellite Footprints
a APSTAR by APT Satellite SATELLITE FOOTPRINTS
Slide 26: APSTAR-5
APSTAR-5 SS/LORAL FS1300 C-band 38 Asia Oceania, Pacific C-Coverage island, Hawaii C-EIRP 33-41dBW Ku-band 16 Ku-EIRP 45-59dBW China, Mongolia, Ku-coverage Korea, India Obit 138E 26
Slide 27: APSTAR-6
APSTAR-6 TAS SPACEBUS 4000C2 C-band 38 Asia Oceania, Pacific C-Coverage island, Hawaii C-EIRP 33-42dBW Ku-band 12 Ku-EIRP 46-59dBW Ku-coverage China Obit 134E 27
Slide 28: APSTAR-7
APSTAR-7 TAS SPACEBUS 4000C2 C-band 28 Asia, Australia, C-Coverage Europe, Africa C-EIRP 32-41dBW Ku-band 28 Ku-EIRP 45-56dBW China, Middle East, Ku-coverage Africa, steerable beam Obit 76.5E 28
Slide 29: APSTAR-9
APSTAR-9 DFH-4 C-band 32 China, Asia Oceania, C-Coverage Pacific island, Hawaii C-EIRP 33-42dBW Ku-band 14 Ku-EIRP 46-59dBW Ku-coverage Southeast Asia Obit 142E 29
Slide 30: Disclaimer
Disclaimer These materials have been prepared by APT Satellite Holdings Limited (“APT”) solely for information use during its presentati on. It may not be reproduced or redistributed to any other person without the permissions from APT. By attending this presentation, you are agreeing to be bound by
Slide 31: APT Satellite Holdings Limited
APT Satellite Holdings Limited Dr. Brian Lo Vice President & Company Secretary +852 2600 2100 brianlo@apstar.com 22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong Apstar 9 NEW Capacity in 2H15
APT Satellite Holdings — FY2015 Earnings Presentation on 6ix