Slide 1: KT 2022 Earnings Release
KT 2022 Earnings Release 2023. 2. 9 | Investor Relations DIGICO KT
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: 2022 Highlights
1 2022 Highlights Financials (Unit: KRW) Record high consolidated rev. since listing, OP exceeds 1.6tr(consolidated)/1.0tr(separate) for 2 consecutive years (Unit: KRW) Revenue Revenue Consolidated KT Separate 25,650.0bn (YoY +3.0%) 18,289.3bn (YoY -0.5%) Operating Operating 1,690.1bn (YoY +1.1%) 1,
Slide 5: DIGICO Transformation
2 DIGICO Transformation DIGICO B2B continues to expand, accounting for 41% of service revenue in FY22 (38% in ‘19) Service Revenue +7.3% cum. 2022 (Unit: KRW, KT Separate, service revenue) 16.03tr TELCO B2C DIGICO B2C 14.94tr FY2019 +3.1% +19.5% 9.46 9.18 2.23 1.86 tr tr tr tr B2B 2019 2022 2019 202
Slide 6: Financial Highlights
1 2022 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 6
Slide 7: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue up +3.0% YoY mainly through DIGICO·B2B growth and enhanced subsidiaries portfolio including Finance/Real Estate/Media • Operating income up +1.1% YoY through efficient cost execution and revenue growth despite inflation (Unit: KRW bn) 4Q21 3Q22 4Q22
Slide 8: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses (Unit: KRW bn) 4Q21 3Q22 4Q22 QoQ YoY 2021 2022 YoY 6,254.1 6,024.3 6,431.5 6.8% 2.8% 23,226.2 23,959.9 3.2% Operating Expenses Labor Cost 1,076.1 1,075.3 1,259.3 17.1% 17.0% 4,215.8 4,495.9 6.6% 2,601.2 2,586.0 2,771.2 7.2% 6.5% 9,750.6 10,388.5 6.5% Gener
Slide 9: Consolidated Financial Position
K-IFRS / Consolidated 3 Financial Position (Unit: KRW bn) 4Q21 3Q22 4Q22 QoQ YoY Assets 37,159.3 40,651.5 40,980.7 0.8% 10.3% Cash & Cash equivalents 3,019.6 3,095.1 2,449.1 -20.9% -18.9% Liabilities 20,592.1 22,745.9 22,566.0 -0.8% 9.6% Borrowings 8,437.7 10,366.6 10,006.7 -3.5% 18.6% 16,567.2 17,9
Slide 10: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • 2022 CAPEX execution : KRW 2,720.6 bn(KT separate), KRW 781.7bn(major subsidiaries) (Unit: KRW bn) 3,502 3,452 3,127 692 782 462 ■ Major subsidiaries CAPEX Finance, Media·Content, Cloud/IDC, Real Estate and etc. 2,760 2,721 2,666 ■ KT separate CAPEX
Slide 11: Business Overview
1 2022 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 11
Slide 12: Separate KT – Telco B2C
K-IFRS / Separate 1 KT – Telco B2C • Telco B2C revenue up +1.3% YoY with mobile/broadband quality subs growth • 5G subs reached 62% of total handset subs, and GiGA subs continued growth to reach 67% (Unit: KRW bn) 4Q21 3Q22 4Q22 QoQ YoY 2021 2022 YoY Telco B2C 2,335.8 2,356.7 2,382.3 1.1% 2.0% 9,339
Slide 13: Separate KT – DIGICO B2C
K-IFRS / Separate 2 KT – DIGICO B2C • DIGICO B2C revenue up +3.9% YoY based on balanced growth of media and mobile platform biz • IPTV revenue up +6.5% YoY with consistent IPTV subs adds and platforms revenue growth (Unit: KRW bn) 4Q21 3Q22 4Q22 QoQ YoY 2021 2022 YoY DIGICO B2C 537.4 558.5 565.5 1.3
Slide 14: Separate KT – Telco B2B
K-IFRS / Separate 3 KT – TELCO B2B • Corporate broadband/data revenue up +7.7% YoY based on increased data traffic • Corporate telephony revenue up +7.7% YoY with growth of MVNO market (Unit: KRW bn) 4Q21 3Q22 4Q22 QoQ YoY 2021 2022 YoY Telco B2B 500.8 546.4 538.6 -1.4% 7.5% 1,981.2 2,134.6 7.7% Cor
Slide 15: Separate KT – DIGICO B2B
K-IFRS / Separate 4 KT – DIGICO B2B • Despite the separation of kt cloud, DIGICO B2B rev. continues to exceed KRW 2tr through growth of AICC, Enterprise DX • Including kt cloud revenue, DIGICO B2B revenue up +11.4% YoY to KRW 2,272bn (Unit: KRW bn) 4Q21 3Q22 4Q22 QoQ YoY 2021 2022 YoY 518.6 482.9 43
Slide 16: Major Subsidiaries
K-IFRS / consolidated(each subsidiary) 5 Major Subsidiaries • BC card revenue up +8.8% YoY with increased credit card transaction and finance biz expansion • Contents subsidiaries revenue up +25.4% YoY with full-fledged operation of Contents biz and growth of digital ads, T-commerce and others Major
Slide 17: Appendix
1 2022 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix 17
Slide 18: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 4Q 21 1Q 22 2Q 22 3Q 22 4Q22 2022 KT Separate 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 2022 6,623.6 6,277.7 6,312.2 6,477.2 6,583.0 25,650.0 4,669.5 4,608.4 4,517.8 4,590.2 4,572.8 18,289.3 Operating revenue Operating revenue Service revenue 5,758.1 5,565.5
Slide 19: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 KT Separate 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 Assets 37,159.3 37,301.1 39,066.3 40,651.5 40,980.7 Assets 29,362.4 29,305.6 30,169.5 31,055.2 30,417.8 Current assets 11,858.4 12,189.9 12,563.7 13,042.2 12,681.6 Current asset
Slide 20: Separate Subscribers Wireless
K-IFRS / Separate 3 Subscribers Wireless 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 QoQ YoY 1) Subscribers (Unit: Thousands) Total 22,799 23,060 23,409 23,827 24,062 1.0% 5.5% Net additions 64 261 349 418 235 -43.7% 270.5% Gross additions 1,064 1,039 1,010 984 990 0.7% -6.9% 2) Deactivation 1,000 778 661 566 755
Slide 21: Slide 21