Slide 1: KT 2014 Earnings Release
KT 2014 Earnings Release Global No.1 KT Investor Relations | 2015. 1. 30 kt
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp. (“the Company”). 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 change without notice. No
Slide 3: Contents
Contents 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 2
Slide 4: Financial Highlights: Income Statement
K-IFRS / Consolidated 1-1 Financial Highlights Income Statement Operating revenue 23,421.5bn (YoY) -1.6% Service revenue 19,961bn (YoY) 0.6% Merchandise revenue 3,460.6bn (YoY) -12.8% Operating loss 291.8bn Early Retirement Program expenses included Net loss 965.5bn EBITDA 3,483.5bn (Unit: KRW bn) 2
Slide 5: Financial Highlights: Major Subsidiaries
K-IFRS / Consolidated 1-2 Financial Highlights Major Subsidiaries (Unit: KRW bn) Operating Revenue Operating Income 3,294.3 171.2 3,128.9 3,090.4 154.9 143.1 Consolidated from 4Q11 (KT’s share : 69.5%) 2012 2013 2014 2012 2013 2014 653.0 99.5 574.8 627.4 79.2 skyLife 65.8 Consolidated from 1Q11 (KT’
Slide 6: Financial Highlights: Financial Position
K-IFRS / Consolidated 1-3 Financial Highlights Financial Position Debt Ratio Debt to Equity : 186.5% Net Debt to Equity : 92.3% Debt Position Borrowings : 12,774.5bn Net Debt : 10,885.8bn ERP led to increase in Borrowings 11.2% YoY (Unit: KRW bn) 4Q14 4Q13 YoY 4Q14 3Q14 QoQ Assets 33,778.3 34,846.5
Slide 7: Financial Highlights: CAPEX
K-IFRS / KT Separate 1-4 Financial Highlights CAPEX Total CAPEX FY2014: 2,514.1bn Recorded run rate of 93.1% compared to FY2014 guidance of KRW 2.7tn Wireless CAPEX FY2014 : 900.5bn Wireline CAPEX FY2014 : 1,283.2bn (Unit: KRW bn) 3,710.6 3,318.5 3,312.5 2,105.2 1,293.8 2,514.1 1,607.7 Wireless 900.
Slide 8: Business Overview
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 7
Slide 9: Business Overview: Wireless
K-IFRS / Consolidated 2-1 Business Overview Wireless Wireless service revenue recorded 7,314.8bn, increased by 4.8% YoY Service revenue rose 6.4% YoY due to wireless ARPU growth through LTE subscriber expansion Interconnection revenue decreased due to interconnection fee rate adjustment in 4Q Contin
Slide 10: Business Overview: Wireline
K-IFRS / Consolidated 2-2 Business Overview Wireline Wireline revenue declined by 7.2% YoY Telephony Telephony revenue fell by 12.5% YoY, mainly due to line loss and MOU decline Broadband Despite subscriber net gains of 62K, broadband revenue fell by 0.4% YoY, as a result of increase in bundling dis
Slide 11: Business Overview: Media / Contents
K-IFRS / Consolidated 2-3 Business Overview Media / Contents Media/Contents revenue grew 11.3% YoY Media revenue increased 11.4% YoY due to IPTV subscriber expansion IPTV media subscribers recorded 5.8m with net gains of 89K Contents revenue increased by 11.2% YoY KT music : Contents services revenu
Slide 12: Business Overview: Finance / Rental
K-IFRS / Consolidated 2-4 Business Overview Finance / Rental Finance/Rental revenue Finance revenue increased by 4.5% YoY, recording 3,400.7bn Rental revenue increased by 26.9% YoY, recording 768.9bn Other Service revenue IT/Solution and Real estate sales decline led Other Service revenue to fall 15
Slide 13: Business Overview: Operating Expenses
K-IFRS / Consolidated 2-5 Business Overview Operating Expenses Operating expenses was recorded at 23,713.4bn, representing increase of 3.2% YoY Labor cost increased by 21.6% YoY mainly due to Early Retirement Program Cost of service provided decreased by 15.9% YoY, due to declines in interconnection
Slide 14: Q & A
Q & A 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 13
Slide 15: Appendix
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix 14
Slide 16: K-IFRS Quarterly Income Statements
4-1 K-IFRS Quarterly Income Statements (Unit: KRW bn) Consolidated I/S 4Q13 1Q14 2Q14 3Q14 4Q14 Operating revenue 6,214.5 5,846.1 5,895.5 5,955.6 5,724.4 Service Revenue 5,029.8 4,858.7 4,988.0 5,130.5 4,983.7 Wireless 1,753.9 1,783.4 1,798.8 1,912.7 1,820.0 Fixed line 1,473.4 1,420.1 1,408.0 1,371.
Slide 17: K-IFRS Yearly Income Statements
4-2 K-IFRS Yearly Income Statements (Unit: KRW bn) Consolidated I/S 2012 2013 2014 YoY Operating revenue 23,856.4 23,810.6 23,421.5 -1.6% Service Revenue 19,255.5 19,844.1 19,961.0 0.6% Wireless 6,913.4 6,976.5 7,314.8 4.8% Fixed line 6,392.3 5,965.4 5,538.3 -7.2% Media/Contents 1,067.9 1,354.5 1,50
Slide 18: K-IFRS Statement of Financial Position
4-3 K-IFRS Statement of Financial Position (Unit: KRW bn) Consolidated 4Q13 1Q14 2Q 14 3Q 14 4Q14 Asset 34,846.5 34,317.5 34,116.4 34,118.2 33,778.3 Current assets 9,968.4 10,009.0 9,556.2 9,678.9 8,747.2 Cash & cash equivalents 2,070.9 1,694.8 2,315.8 2,041.3 1,888.7 Trade & other rec 3,739.1 3,402
Slide 19: Subscribers (KT only)
4-4 Subscribers (KT only) Wireless 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 QoQ YoY Total Wireless Subscribers(*1,000) 17,371 17,354 17,205 17,300 17,293 17,564 17,955 18,080 0.7% 4.5% 3G + LTE 16,443 16,439 16,325 16,454 16,473 16,774 17,184 17,328 0.8% 5.3% WiBro 928 915 880 846 820 790 771 753 -2.
Slide 20: Thank you
Thank you kt