Slide 1: 3Q24 Earnings Release
KT 3Q24 Earnings Release 2024. 11. | 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: Contents
Contents 1 3Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 4: 3Q24 Highlights
1 3Q24 Highlights Financials Strong B2C/B2B businesses and accelerated growth of real estate, DC/Cloud Cons. Revenue 6,654.6bn (YoY -0.6%) Sep. Revenue 4,765.0bn (YoY +2.0%) Operating Operating Profit 464.1bn (YoY +44.2%) Profit 338.9bn (YoY +75.1%) Management Strategy Accelerate transformation into
Slide 5: Contents
Contents 1 3Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Rev. -0.6% YoY due to decline in content subsidiaries despite growth in Telco/real estate/data center • OP +44.2% due to base effect of 3Q23 wage negotiations and continued growth of core businesses (Unit: KRW bn) 3Q23 2Q24 3Q24 QoQ YoY Operating Revenue 6,
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses • Op. expenses -2.9% YoY, due to decrease in labor cost, selling expense, general expense, and cost of service (Unit: KRW bn) 3Q23 2Q24 3Q24 QoQ YoY Operating Expenses 6,375.5 6,052.4 6,190.5 2.3% -2.9% Labor Cost 1,191.0 1,213.2 1,118.3 -7.8% -6.1% General
Slide 8: Consolidated Balance Sheet
K-IFRS / Consolidated 3 Balance Sheet • Net debt/equity ratio decreased by YoY 8.2%p. (Unit: KRW bn) Sept 30, 2023 Jun 30, 2024 Sept 30, 2024 QoQ YoY Assets 43,974.8 43,144.4 42,750.4 -0.9% -2.8% Cash & Cash equivalents 3,110.4 3,786.7 3,953.9 4.4% 27.1% Liabilities 25,253.1 24,162.5 23,564.0 -2.5%
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • ’24.3Q Total CAPEX Execution: KRW 1,416.0bn (KT Separate), KRW 617.8 bn (Major Subsidiaries) (Unit: KRW bn) 3,452 3,533 3,319 692 782 907 2,034 ■ Major Subsidiaries’ CAPEX 618 Includes Finance, Media, Cloud/IDC, 2,760 2,721 Real Estate, etc. 2,412 1
Slide 10: Contents
Contents 1 3Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless service revenue +2.0% YoY with increased 5G penetration (76.3%) and MVNO/roaming • Continued expansion of customer base, through online-focused promotions and new online-only plans (Unit: KRW bn) 3Q23 2Q24 3Q24 QoQ YoY Wireless 1,708.1 1,765.1 1,740.4 -1.
Slide 12: Separate KT - Fixed Line
K-IFRS / Separate 2 KT - Fixed Line • Broadband rev. +0.4% YoY due to expansion in premium plans and value-added services • Media rev. -1.2% YoY due to decrease in PPV and advertising revenue despite net subscriber additions (Unit: KRW bn) 3Q23 2Q24 3Q24 QoQ YoY Fixed Line 1,330.1 1,316.6 1,312.6 -0
Slide 13: Separate KT - B2B Services
K-IFRS / Separate 3 KT - B2B Services • B2B Service rev. +2.5% YoY with focus on service-based businesses despite streamlining low-profit businesses (Unit: KRW bn) 3Q23 2Q24 3Q24 QoQ YoY B2B Service 903.8 882.7 926.4 4.9% 2.5% Real Estate, etc. 77.9 83.6 89.6 7.3% 15.1% Corp. Broadband/Data Revenue
Slide 14: Consolidated Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • kt cloud rev. +6.8% YoY, with increased demand for data centers and expansion of DBO* business *DBO(Design-Build-Operate): a project where a single contractor is appointed to design, build and operate a data center for a certain period •
Slide 15: Contents
Contents 1 3Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 16: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 3Q23 4Q23 1Q24 2Q24 3Q24 KT Separate 3Q23 4Q23 1Q24 2Q24 3Q24 Operating revenue 6,697.4 6,687.6 6,654.6 6,546.4 6,654.6 Operating revenue 4,673.0 4,592.0 4,694.8 4,548.3 4,765.0 Service revenue 5,842.5 5,720.2 5,722.7 5,776.6 5,752.0 Service reve
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 3Q23 4Q23 1Q24 2Q24 3Q24 KT Separate 3Q23 4Q23 1Q24 2Q24 3Q24 Assets 43,974.8 42,710.0 42,710.0 43,144.4 42,750.4 Assets 30,814.8 30,308.9 30,334.8 30,464.8 29,957.1 Current assets 15,520.6 14,518.2 14,997.4 15,175.2 15,197.0 Current assets 7,505.4
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers (Unit: Thousands) Wireless Subscribers 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 QoQ YoY Total 24,903 24,897 24,834 24,904 25,203 1.2% 1.2% - MNO 17,735 17,759 17,743 17,770 17,997 1.3% 1.5% - MVNO 7,168 7,138 7,091 7,134 7,207 1.0% 0.5% 1) 5G Handset 9,408 9,722 9,948 10,093 10,
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