SK Telecom Co., Ltd. · KRX:017670
SK Telecom — FY2013 Earnings Presentation
14 slides from SK Telecom's earnings presentation, Jan 28, 2014
Slide 1: Results for the Year Ended December 31, 2013
Results for the Year Ended December 31, 2013 January 28th, 2014 0
Slide 2: Disclaimer
Disclaimer This material contains forward-looking statements with respect to the financial condition, results of operations and business of SK Telecom and its subsidiaries (the “Company”) and plans and objectives of the management of the Company. Statements that are not historical facts, including s
Slide 3: Table of Contents
Table of Contents Financial Results 3 Operating Results (Non-consolidated) 6 Appendix 9 2
Slide 4: Financial Results: Summary of Income Statement (Consolidated)
Financial Results Summary of Income Statement (Consolidated) (KRW bn) 2013 2012 YoY 4Q13 3Q13 QoQ SK Telecom (“SKT” or the “Company”) operating Operating revenue 16,602 16,141 461 2.9% 4,295 4,125 170 4.1% revenues recorded a 2.9% YoY increase led by the Operating expenses 14,591 14,411 180 1.2%
Slide 5: Financial Results: Operating Expenses (Consolidated)
Financial Results Operating Expenses (Consolidated) (KRW bn) 2013 2012 YoY 4Q13 3Q13 QoQ Labor costs increased 23.1% YoY as a result of the SK Labor cost 1,561 1,268 293 23.1% 395 363 32 8.7% M&C’s merger with SK Planet and increased number of Commissions paid 5,499 5,950 (451) -7.6% 1,366 1,350
Slide 6: SK Telecom's Operating Revenues (Non-consolidated)
Financial Results SK Telecom’s Operating Revenues (Non-consolidated) (KRW bn) 2013 2012 YoY 4Q13 3Q13 QoQ Total operating revenues increased 4.3% YoY led by LTE Total operating revenue 12,860 12,333 528 4.3% 3,316 3,223 93 2.9% subscriber growth and increased new business-related Mobile service
Slide 7: Operating Results: ARPU
Operating Results (Non-consolidated) ARPU ARPU1) (KRW) 2013 2012 YoY 4Q13 3Q13 QoQ Annual billing ARPU increased 4.6% YoY led by the Total ARPU 42,377 40,128 2,250 5.6% 44,448 42,780 1,668 3.9% Billing ARPU2) 34,551 33,016 1,535 4.6% 35,650 34,909 741 2.1% growth of LTE subscribers. Quarterly bi
Slide 8: Operating Results: Subscriber Numbers
Operating Results (Non-consolidated) Subscriber Numbers YoY QoQ 2013 2012 4Q13 3Q13 The churn rate fell further to 2.1% in 4Q13, lowering Subscribers ('000) 27,352 26,961 391 1.5% 27,352 27,211 142 0.5% Net adds 391 409 (18) -4.3% 142 71 71 100.2% the annual average to 2.3% Activations 7,755 8,6
Slide 9: Marketing Expenses & Capex
Operating Results (Non-consolidated) Marketing Expenses & Capex (KRW bn) 2013 2012 YoY 4Q13 3Q13 QoQ Annual marketing expenses decreased 1.3% YoY as the Marketing expenses1) 3,428 3,474 (46) -1.3% 842 827 15 1.8% Company’s focus on retention reduces market % of revenues 26.7% 28.2% -1.5%p 25.4%
Slide 10: Consolidated Income Statement
Appendix Consolidated Income Statement (KRW bn) 1Q12 2Q12 3Q12 4Q12 FY12 1Q13 2Q13 3Q13 4Q13 FY13 Operating revenue 3,932.9 3,968.4 4,084.4 4,155.7 16,141.4 4,065.7 4,117.0 4,124.6 4,294.8 16,602.1 Operating expenses 3,441.7 3,561.2 3,791.7 3,616.7 14,411.4 3,661.1 3,571.5 3,573.2 3,785.1 14,590.9
Slide 11: SK Telecom Non-consolidated Income Statement
Appendix SK Telecom Non-consolidated Income Statement (KRW bn) 1Q12 2Q12 3Q12 4Q12 FY12 1Q13 2Q13 3Q13 4Q13 FY13 Operating revenue 3,007.4 3,068.6 3,097.5 3,159.2 12,332.7 3,112.1 3,209.1 3,222.9 3,316.3 12,860.4 Operating expenses 2,524.8 2,675.3 2,847.9 2,609.3 10,657.3 2,692.0 2,676.8 2,685.7 2
Slide 12: Consolidated Balance Sheet
Appendix Consolidated Balance Sheet (KRW bn) 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 Total assets 26,546.9 25,773.4 26,058.5 25,595.6 25,408.8 25,436.4 25,933.5 26,608.1 Current assets 5,555.7 4,754.4 5,443.2 5,294.4 5,081.7 5,230.7 5,381.6 5,155.0 Cash and marketable securities 1) 2,456.9 1,698.6
Slide 13: SK Telecom Non-consolidated Balance Sheet
Appendix SK Telecom Non-consolidated Balance Sheet (KRW bn ) 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 Total assets 23,106.7 22,271.9 22,526.5 22,249.5 22,391.5 22,147.4 22,416.2 22,827.4 Current assets 3,615.3 2,590.2 3,187.6 2,589.7 2,765.8 2,809.9 2,956.8 2,817.8 Cash and marketable securities 1)
Slide 14: IR Contacts
IR Contacts Dong Seop Kim (82-2-6100-1464, sunson@sk.com) Seung Oh Yoon (82-2-6100-1632, monsta@sk.com) Jae Bum Park (82-2-6100-1660, jb.park@sk.com) Won Tuh Chung (82-2-6100-1550, wt.chung@sk.com) Woo Sun Cho (82-2-6100-1638, woosun.cho@sk.com) Jung Hyun Kim (82-2-6100-1582, jane.kim@sk.com) 13