SK Telecom Co., Ltd. (SKM) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Kim Yang-seop, CFO Kim Yang-seop, CFO Good afternoon. I am Heejun Jung, IRO of SK Telecom. Let us begin the earnings conference call for the fourth quarter and the fiscal year 2024. Today, we will first deliver a presentation on the financial and business highlights followed by a Q&A session. Please note that all forward-looking statements are subject to change depending on various factors such as market and management situations. Let me now present our CFO. Hello, I am SK Telecom CFO Kim Yang-seok. 2025년 처음 인사드립니다. 새해 복 많이 받으시고 건강하고 평안한 한 해 되시기를 기원합니다. 지난 한 해를 돌이켜보면 SK Telecom의 2024년은 OI와 AI로 요약될 것입니다. For SK Telecom, 2024 was all about operational improvements and artificial intelligence. While operational improvement efforts further strengthened our competitiveness in the telecom business, The AI pyramid strategy guided us in refining business models and establishing execution systems to lay the foundation to become an AI company. The AI pyramid strategy guided us in refining business models and establishing execution systems to lay the foundation to become an AI company. We focused on operational improvements not just to reduce costs, but also to enhance our overall portfolio, processes, and culture to strengthen the company's business fundamentals. Thanks to these efforts, the consolidated operating profit grew 4% year-over-year, and the OP margin exceeded 10%. Let me now report on the consolidated financial results for 2024. Consolidated revenue reported $17,940.6 billion, up 1.9% year-over-year. As wireless, wired, enterprise, and AI all business areas grow evenly, sales continue to rise steadily after the 2021 company split. Wireless business growth has been slightly reduced, but roaming services, which are one step closer to customers, contributed to increas...