Hkbn Ltd. · HKEX:1310

Hkbn — FY2022 Earnings Presentation

36 slides from Hkbn's earnings presentation, Oct 27, 2022

  1. Slide 1: HKBN Ltd. annual results highlights

    HKBN Ltd. 1310 2022 8 31 2022 8 31 • 1% 116.26 * 2022 2021 6% • 2% 26.09 11.33 • 20 2021 37.5 22% 60 2021 76.5 * 2022 1 3 StarHub Ltd. HKBN JOS (SINGAPORE) PTE. LTD. HKBN JOS (MALAYSIA) SDN. BHD. 60% –1–

  2. Slide 2: (WTT) (NWT) JOS

    • (NWT) (WTT) JOS 870 * JOS JOS 2022 2,000 — 2022 2023 * Statista 2010–2020 –2–

  3. Slide 3: Financial summary

    1 2022 2021 8 31 8 31 11,626,164 11,463,745 +1% – 4,427,441 4,965,553 -11% – 2,351,289 2,310,286 +2% – 2,433,159 2,465,294 -1% – 2,414,275 1,722,612 +40% 553,321 206,872 >100% 1,2 904,875 755,975 +20% * 1,3 2,609,053 2,568,507 +2% * 1,3 2,298,759 2,226,459 +3% * 1,4 +3.5 33.5% 30.0% 1,5 1,132,556 1,

  4. Slide 4: Operating statistics

    2 2022 2021 8 31 8 31 8,006 7,584 +6% – 119 119 -0% – 413 423 -2% 6 – 37.0% 36.9% +0.1 – 24.4% 24.9% -0.5 105 107 -2% 9 1.4% 1.5% -0.1 ARPU 10 2,906 3,036 -4% 2,513 2,466 +2% – 897 886 +1% – 432 474 -9% 6 – 34.0% 34.2% -0.2 – 21.3% 22.1% -0.8 7 1.0% 0.9% +0.1 ARPU8 184 192 -4% ARPU8 184 190 -3% 241

  5. Slide 5: Notes

    (1) (2) (3) (4) (5) II (6) 2022 7 (7) 100% –5–

  6. Slide 6: Definitions and notes

    (8) ARPU IDD ARPU ARPU ARPU (9) 100% (10) ARPU IDD i) ii) (11) ARPU IDD ARPU ARPU ARPU (12) IDD –6–

  7. Slide 7: Business review

    2022 2022 ICT — 1% 2% 116.26 26.09 11.33 • 2022 7 31 37.0% • 2022 2021 15% 22.18 • 2022 2021 ARPU 1% 2,865 • 2022 1.0% 897,000 3,200 1% 24.33 ARPU 3% 184 Disney+ OTT • 40% 24.14 –7–

  8. Slide 8: Residential and IDD business

    2.05 3% 71.56 7.66 21% 44.54 IDD 1.66 4% 35.32 7,200 3,400 4,500 1,800 4.81 50% 2.39 1.03 1.45 2,100 5,700 9,500 1.18 34% 1.59 167% 5.53 20% 9.05 2022 7,600 1.66 25.69 2% 26.09 22.26 3% 22.99 30.0% 33.5% IDD –8–

  9. Slide 9: ICT business

    11.33 4,000 5,000 6,500 6,400 2,300 1.14 3.56 2023 ICT – – – • • • –9–

  10. Slide 10: Outlook and strategy

    – – – StarHub ViewQwest – – – 5G – Disney+ OTT WiFi 6 Wi-Fi Smart D – 10 –

  11. Slide 11: Financial position

    2022 8 31 11.29 2021 8 31 15.27 118.65 2021 8 31 121.24 107.36 2021 8 31 105.97 2022 8 31 5.18 2021 8 31 5.08 2022 8 31 2.4 2021 8 31 2.2 2022 8 31 4.6 2021 8 31 4.6 2.7% 2021 8 31 2.6% 2022 8 31 3.3 2021 8 31 4.3 2022 8 31 2021 8 31 2022 8 31 17.13 2021 8 31 14.64 2022 8 31 2020 10 30 2023 5 31 2.6

  12. Slide 12: StarHub investment

    2022 8 31 8,800 2021 8 31 3,800 2022 8 31 2.27 2021 8 31 1.91 3,600 1983 7.80 1.00 2021 11 10 HKBN JOS Holdings (C.I.) Limited StarHub Ltd. 60% 1,500 8,700 2022 1 3 40% 2021 11 10 2022 1 3 2022 8 31 – 12 –

  13. Slide 13: Loans and financing

    2022 8 31 4,864 2021 8 31 5,218 2015 2 21 2017 12 27 2019 9 4 2021 10 21 II III III Plus * III Plus IV * (i) 2019 4 30 Metropolitan Light Company Limited WTT Holding Corp WTT WTT (ii) 2019 6 21 III III Plus II II 2015 2 21 7 3 7 3 25% 25% 50% – 13 –

  14. Slide 14: Share options and schemes

    II (i) 2015 3 12 10% (ii) 10% II II II II 5,666,666 0.56% II II 2022 8 31 1 30 2021 2022 2 26 9 1 8 31 2022 2023 2019 1 30 329,330 97,010 – – 97,010 – – – 2019 2 26 126,410 54,002 – – 54,002 – – – 455,740 151,012 – – 151,012 – – – – 14 –

  15. Slide 15: Debt and capital commitments

    III Plus III Plus 2019 9 4 III III Plus 2019 2020 2021 2019 2020 2021 2.53 2019 2020 2021 3.03 1.33 2021 2021 2019 7 29 2019 2020 2021 2.53 III Plus 2023 10 IV IV 2021 10 21 III Plus IV 2022 2023 2024 2022 2024 3.01 IV CO4 2021 9 21 – 15 –

  16. Slide 16: Share awards

    2022 8 31 IV 2022 8 31 2022 2022 2022 8 31 8 31 8 31 2022 III Plus 8 31 * IV CO4 – 848,002 1,051,563 – 1,899,565 0.14% 5.14% – 556,007 1,051,563 – 1,607,570 0.12% 4.35% 667,800 99,381 – 767,181 0.06% 2.07% 7,416,120 1,377,656 364,838 8,428,938 0.64% 22.80% 9,487,929 3,580,163 364,838 12,703,254 0.96

  17. Slide 17: Dividends and closure of register

    75% 33,464,442 2022 8 31 20 167,322,212 2023 1 6 2022 2022 2022 12 13 2022 12 16 2022 2022 12 12 4 30 183 17 1712 1716 2022 12 23 2022 12 29 2022 12 22 4 30 183 17 1712 1716 2022 8 31 – 17 –

  18. Slide 18: 2022 2022 – –

    2022 8 31 2022 8 31 2022 8 31 2022 8 31 14 10 2022 8 31 2022 9 1 2022 9 1 – 18 –

  19. Slide 19: Publication and board

    (www.hkexnews.hk) (www.hkbnltd.net) 2022 8 31 Bradley Jay HORWITZ 2022 10 27 Bradley Jay HORWITZ SBS JP Zubin Jamshed IRANI – 19 –

  20. Slide 20: Consolidated income statement

    2022 8 31 2022 2021 8 31 8 31 3 11,626,164 11,463,745 4(a) 62,842 23,251 (7,155,803) (6,950,885) 4(b) (3,532,453) (3,698,309) 4(d) (239,204) (481,029) 4,167 – (53,497) (31,508) 4 712,216 325,265 5 (158,895) (118,393) 553,321 206,872 6 42.2 15.8 6 37.4 14.0 – 20 –

  21. Slide 21: Comprehensive income statement

    2022 8 31 2022 2021 8 31 8 31 553,321 206,872 (18,129) 8,869 (935) – (1,917) – (20,981) 8,869 532,340 215,741 – 21 –

  22. Slide 22: Consolidated balance sheet

    2022 8 31 2022 2021 8 31 8 31 9,016,507 9,016,507 3,202,607 3,606,163 3,731,436 3,901,090 – 198,828 705,607 681,349 513,045 564,849 56,920 4,816 17,110 17,879 15,359 – 26,724 68,913 98,531 91,958 17,383,846 18,152,352 111,478 110,615 8 967,414 1,073,306 463,892 353,015 25 – 237,189 211,945 57,449 45

  23. Slide 23: Consolidated balance sheet (continued)

    2022 8 31 2022 2021 8 31 8 31 9 778,651 935,864 — 960,778 1,018,271 — 600,097 632,492 89,144 90,475 — – 6,771 4,542 4,816 10,000 10,750 297,703 481,283 — 136,271 166,649 240,428 189,496 13,214 12,863 – 314,514 3,130,828 3,864,244 (87,576) (248,163) 17,296,270 17,904,189 — 54,000 30,397 — 145,807 194

  24. Slide 24: Notes to financial statements

    1 2022 8 31 2 2022 8 31 8,800 (i) 6 15 (ii) 1.36 16 12 2 • 9 39 7 4 16 — • 16 2021 6 30 2019 – 24 –

  25. Slide 25: Notes to financial statements

    2 16 9 39 7 4 16 — (i) (ii) 16 2021 6 30 2019 2021 16 2019 1(j) 2021 2021 6 30 2022 6 30 2021 2021 9 1 3 (i) (ii) (iii) (iv) (a) (i) (ii) (iii) (iv) – 25 –

  26. Slide 26: Revenue analysis

    3 (a) 2022 2021 4,697,959 4,647,113 750,192 1,123,966 364,789 390,819 5,812,940 6,161,898 4,765,564 4,032,898 1,037,159 1,215,245 15 11,615,663 11,410,041 10,501 53,704 11,626,164 11,463,745 2,433,159 2,465,294 4,427,441 4,965,553 2,351,289 2,310,286 2,414,275 1,722,612 11,626,164 11,463,745 2022 20

  27. Slide 27: Segment information

    3 (b) (i) (ii) (i) – 27 –

  28. Slide 28: Segment results

    3 (b) 2022 2021 8 31 2022 2021 2022 2021 2022 2021 3,773,979 2,985,304 991,585 1,047,594 4,765,564 4,032,898 6,586,239 6,943,842 274,361 487,005 6,860,600 7,430,847 10,360,218 9,929,146 1,265,946 1,534,599 11,626,164 11,463,745 45,521 20,979 317,178 355,391 362,699 376,370 10,405,739 9,950,125 1,583

  29. Slide 29: Segment reconciliation

    3 (c) 2022 2021 2,594,152 2,568,507 (239,204) (481,029) 2,857 2,200 (933,828) (1,011,892) (411,384) (456,754) (293,854) (295,767) (6,523) – 712,216 325,265 (d) (i) (ii) 2022 2021 2022 2021 10,360,218 9,929,146 17,288,978 17,995,081 781,784 635,630 67,817 87,139 116,759 332,476 – – 367,403 566,493 32

  30. Slide 30: Other income and expenses

    4 2022 2021 8 31 8 31 (a) (2,857) (2,200) 2,313 15,669 (6,771) (9,024) 6,523 – – 309 – (188) (40,033) – (22,017) (27,817) (62,842) (23,251) (b) 372,138 369,792 – 728,941 752,019 – 7,367 7,972 – 191,852 201,701 (1,459) 827 – (167) 61,327 79,002 4(c) 912,022 984,184 411,384 456,754 293,854 295,767 555

  31. Slide 31: Staff costs

    4 2022 2021 8 31 8 31 (c) 1,580,628 1,685,362 126,251 123,039 145 293 67 127 1,707,091 1,808,821 (49,119) (56,158) (397,169) (403,420) 1,260,803 1,349,243 912,022 984,184 348,781 365,059 1,260,803 1,349,243 2022 19,798,000 2021 104,356,000 2021 85,237,000 – 31 –

  32. Slide 32: Profit before tax items

    4 2022 2021 8 31 8 31 (d) 302,161 210,908 3,834 536 – 56,640 3,125 8,313 18,621 23,772 1,180 1,498 – 145,463 – 20,569 (89,717) 13,330 239,204 481,029 (e) 475,570 556,531 – 728,941 752,019 – 7,367 7,972 – 197,520 251,901 – 514,254 474,372 – 13,028 15,877 – 7,464 8,350 – 785 750 – 759 640 – 1,721 3,17

  33. Slide 33: Income tax and earnings per share

    5 2022 2021 8 31 8 31 — 202,234 207,759 (151) (813) — 15,896 13,421 2,424 (662) (61,508) (101,312) 158,895 118,393 2022 16.5% 2021 16.5% 200 8.25% 16.5% 2021 6 (a) 553,321,000 2021 206,872,000 2022 2021 8 31 8 31 9 1 1,311,599 1,311,599 II (5,666) (5,666) II 4,860 4,770 1,310,793 1,310,703 – 33 –

  34. Slide 34: Earnings per share

    6 (b) 553,321,000 2021 206,872,000 II II 2022 2021 8 31 8 31 II 1,310,793 1,310,703 II – 34 167,322 167,322 1,478,115 1,478,059 7 2022 8 31 2021 11 10 73,719,000 60% 2022 1 40% 2022 7 6 204,344,000 203,981,000 2022 8 31 363,000 2022 9 – 34 –

  35. Slide 35: Trade payables ageing

    8 2022 2021 8 31 8 31 30 418,724 391,683 31 60 177,519 211,658 61 90 104,103 114,712 90 267,068 355,253 967,414 1,073,306 30 90 9 2022 2021 8 31 8 31 30 262,486 388,941 31 60 146,918 111,618 61 90 134,080 132,769 90 235,167 302,536 778,651 935,864 – 35 –

  36. Slide 36: Dividends

    10 (i) 2022 2021 8 31 8 31 40 2021 39 524,640 511,524 20 2021 37.5 262,320 491,850 786,960 1,003,374 (ii) 2022 2021 8 31 8 31 37.5 2021 38 491,850 498,408 – 36 –

HKBN — FY2022 Earnings Presentation on 6ix