Slide 1: KT 2Q23 Earnings Release
KT 2Q23 Earnings Release 2023. 8. 7 | Investor Relations
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp.(the “Company”) in accordance with K-IFRS. 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 c
Slide 3: Financial Highlights, Business Overview, Appendix
2 Financial Highlights 3 Business Overview 4 Appendix 3
Slide 4: 2Q23 Highlights
1 2Q23 Highlights Financials Double-digit OP growth through robust fundamentals and improved profitability (Unit: KRW) Consolidated KT Separate Revenue 6,547.5bn (YoY +3.7%) Revenue 4,487.4bn (YoY -0.7%) Operating Operating Profit 576.1bn (YoY +25.5%) Profit 407.5bn (YoY +34.2%) ※ Service revenue (s
Slide 5: Financial Highlights
1 2Q23 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 5
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue +3.7% YoY through balanced growth in both B2B/B2C, and core-portfolio-oriented subsidiaries’ growth (finance/content/DX) • Achieved OP of KRW 576.1bn despite inflation (exceeded KRW 1tr in 1H for 2 consecutive years) (Unit: KRW bn) 2Q22 1Q23 2Q23 Qo
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 2Q22 1Q23 2Q23 QoQ YoY Operating Expenses 5,853.0 5,957.6 5,971.4 0.2% 2.0% Labor Cost 1,120.9 1,069.1 1,131.5 5.8% 0.9% General Expense 2,560.2 2,604.0 2,690.6 3.3% 5.1% - Depreciation 928.0 929.4 929.2 0.0% 0.1% Cost of Service Provided 863
Slide 8: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) June 30, 2022 March 31, 2023 June 30, 2023 QoQ YoY Assets 39,066.3 40,214.4 39,756.0 -1.1% 1.8% Cash & Cash equivalents 2,821.7 2,109.2 1,805.5 -14.4% -36.0% Liabilities 22,161.7 22,062.4 21,302.3 -3.4% -3.9% Borrowings 10,074.5 10,577.1 10,0
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • 1H23 CAPEX execution : KRW 998.5bn(KT separate), KRW 385.3bn(major subsidiaries) (Unit: KRW bn) ■ Major subsidiaries CAPEX 3,502 Finance, Media·Content, Cloud/IDC, 3,452 3,127 Real Estate and etc. 692 782 462 ■ KT separate CAPEX Access network, Back
Slide 10: Business Overview
1 2Q23 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 10
Slide 11: KT Separate – Telco B2C
K-IFRS / Separate 1 KT – Telco B2C • Revenue +0.8% YoY due to premium mobile/broadband subs acq and growth in roaming service • 5G penetration ratio reached 68% among handset subs, and GiGA subs proportion reached 68% (Unit: KRW bn) 2Q22 1Q23 2Q23 QoQ YoY Telco B2C 2,371.9 2,381.1 2,390.2 0.4% 0.8%
Slide 12: KT Separate – DIGICO B2C
K-IFRS / Separate 2 KT – DIGICO B2C • DIGICO B2C revenue +3.8% YoY based on balanced growth of media and mobile platform businesses • IPTV revenue +1.2% YoY through expansion of premium subscriber base (Unit: KRW bn) 2Q22 1Q23 2Q23 QoQ YoY DIGICO B2C 554.4 566.1 575.6 1.7% 3.8% Media 500.8 506.9 518
Slide 13: KT Separate – Telco B2B
K-IFRS / Separate 3 KT – TELCO B2B • Corporate broadband/data revenue +5.2% YoY, due to increase in CCTV lines, small & medium CP orders • Corporate telephony revenue +12.3% YoY centered on high growth of post-paid subscribers of MVNO (Unit: KRW bn) 2Q22 1Q23 2Q23 QoQ YoY Telco B2B 508.0 540.8 546.9
Slide 14: KT Separate – DIGICO B2B
K-IFRS / Separate 4 KT – DIGICO B2B • Revenue +0.6% YoY through revenue from projects such as M-BcN* and real estate business • Strong hotel business due to newly opened hotels (Le Méridien & Moxy) and increased tourists *M-BcN: Military Broadband Convergence Network (Unit: KRW bn) 2Q22 1Q23 2Q23 Qo
Slide 15: Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 5 Major Subsidiaries • BC Card revenue +5.9% YoY with increased credit card transactions and expansion of loan business • kt cloud revenue +18.5% from customer base expansion in both IDC and Cloud businesses • Subsidiaries’ OP contribution of KRW 168.6bn achiev
Slide 16: Appendix
1 2Q23 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 16
Slide 17: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 2Q 22 3Q 22 4Q22 1Q 23 2Q 23 KT Separate 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 Operating revenue 6,312.2 6,477.2 6,583.0 6,443.7 6,547.5 Operating revenue 4,517.8 4,590.2 4,572.8 4,619.0 4,487.4 Service revenue 5,670.5 5,744.8 5,705.0 5,713.9 5,968.6 Ser
Slide 18: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 KT Separate 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 Assets 39,066.3 40,651.5 40,980.7 40,214.4 39,756.0 Assets 30,169.5 31,055.2 30,417.8 30,386.9 29,592.2 Current assets 12,563.7 13,042.2 12,681.6 12,202.0 11,405.7 Current asset
Slide 19: Separate Subscribers
K-IFRS / Separate 3 Subscribers Wireless 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 QoQ YoY 1) Subscribers (Unit: Thousands) Total 23,409 23,827 24,062 24,332 24,621 1.2% 5.2% Net additions 349 418 235 270 289 7.2% -17.2% Gross additions 1,010 984 990 979 936 -4.4% -7.3% Deactivation2) 661 566 755 709 647 -8.8%
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