KT Corporation (NYSE:KT) Q4 2021 Earnings Conference Call February 9, 2022 12:00 AM ET Company Participants Seung-Hoon Chi – Investor Relations Officer Kim Young-Jin – Chief Financial Officer Conference Call Participants Kim Hoi Jae – Daishin Securities Kim Joonsop – KB Securities Ahn Jae-min – NH Investment & Securities Neale Anderson – HSBC Park Seyon – Morgan Stanley Seung-Hoon Chi [Foreign Language] Good afternoon, I am Chi Seung-Hoon, KT's IRO. I would like to begin KT's 2021 Earnings Presentation. For ...

KT Corporation (NYSE:KT) Q3 2021 Earnings Conference Call November 9, 2021 1:00 AM ET Company Participants Seung-Hoon Chi - SVP & IR Officer Young Jin Kim - CFO Conference Call Participants Hoi Jae Kim - Daishin Securities Joonsop Kim - KB Securities Hong-sik Kim - Hana Financial Investments Operator Good morning and good evening. Thank you all for joining this conference call. And now we will begin the conference of the 2021 third quarter earnings results by KT. We would like to have welcoming remarks from ...

Financial Data and Key Metrics Changes - Consolidated revenue increased by 2.6% year-on-year to KRW6,027.6 billion, while operating profit rose by 38.5% year-on-year to KRW475.8 billion [7][22] - Net profit surged by 77.4% year-on-year to KRW370.8 billion, and EBITDA increased by 9.4% year-on-year to KRW1,373.2 billion [22] - Operating expenses rose by 0.3% year-on-year to KRW5,551.8 billion due to increased labor costs and selling expenses [22][23] Business Line Data and Key Metrics Changes - Wireless revenue grew by 3.8% year-on-year to KRW1,788.5 billion, with wireless service revenue up by 4.5% year-on-year to KRW1,688.5 billion, driven by 5G subscriber growth [24] - Fixed line revenue decreased by 1.6% year-on-year to KRW370.5 billion, while broadband Internet revenue increased by 2.1% year-on-year to KRW507.4 billion [25] - B2B revenue declined by 0.8% year-on-year to KRW691.3 billion, but excluding certain declines, it recorded a growth of 3.2% year-on-year [26] Market Data and Key Metrics Changes - The number of wireless subscribers reached 22,620,000, with 5G subscribers accounting for 35% of handset subscribers [24] - Corporate fixed line revenue increased by 4.2% year-on-year, supported by demand for digital transformation [27] - AI and DX business revenue grew by 6.2% year-on-year, reflecting strong performance in IDC and AI contact centers [27] Company Strategy and Development Direction - The company is transitioning from a traditional telecom to a Digico, focusing on digital platform growth and new business areas such as AI robotics and digital healthcare [29][31] - KBank is considering an IPO in 2023, aiming to enhance its financial platform capabilities and customer base [32] - The media content business is undergoing structural realignment to enhance synergies and drive original content production [20] Management Comments on Operating Environment and Future Outlook - Management expects the growth trend to continue into the second half of the year, with service revenue guidance above 4% [36][37] - Profit growth in the second half may be lower due to increased expenses and business restructuring [38][39] - The company aims to maintain revenue growth while being conservative about profit expectations for the second half [40] Other Important Information - CapEx for Q2 2021 was KRW574.7 billion, with a total of KRW864.1 billion for the first half [23] - The debt-to-equity ratio improved to 117.9%, down 7 percentage points year-on-year [23] Q&A Session Summary Question: Outlook for the second half of the year and ARPU growth - Management forecasts continued growth in service revenue and expects ARPU to increase due to new 5G handset launches [36][41] Question: KBank's strategic direction - KBank plans to enhance customer retention through unique product offerings and leverage its online banking efficiency [43][44][46] Question: Group affiliates' earnings and CapEx stability - All group affiliates contributed positively to earnings, with BC Card showing significant growth [50][52] - CapEx is expected to be stable, with a higher spend anticipated in the second half of the year [55][56] Question: Implications of moving to stand-alone 5G - Transitioning to stand-alone 5G will reduce latency and operational costs, enabling advanced services like network slicing [60][62] Question: Dividend policy - The company maintains a dividend policy of 50% based on adjusted net profit, aiming to improve shareholder value [63]

Financial Highlights - Consolidated service revenue increased by 26% year-over-year, reaching KRW 60276 billion[7, 11] - Consolidated operating profit increased significantly by 385% year-over-year, amounting to KRW 4758 billion[7, 11] - KT separate service revenue grew by 32% year-over-year, totaling KRW 44788 billion[7] - KT separate operating profit also saw a substantial increase of 381% year-over-year, reaching KRW 3512 billion[7] Business Performance - AI/DX revenue experienced a growth of 62% year-over-year, driven by IDC, Cloud, and AICC[7, 27] - Mobile subscribers increased by 533k in the first half of 2021[7] - Mobile ARPU (Average Revenue Per User) increased by 3% year-over-year[7, 34] - Broadband revenue increased by 21% year-over-year[7, 23] - IPTV revenue increased 145% year-over-year[23] Subscriber Growth - The total number of 5G subscribers reached 501 million, representing 35% of handset subscribers[20] - Broadband subscribers increased to 9359 thousand[24] - IPTV subscribers increased to 9021 thousand[25]

Financial Data and Key Metrics Changes - Consolidated revenue increased by 3.4% year-on-year to KRW 6,029.4 billion, while operating profit rose by 15.4% to KRW 444.2 billion [6][14] - Net profit surged by 43.7% year-on-year to KRW 326.5 billion, and EBITDA increased by 3.7% to KRW 1,345.3 billion [14] - Operating expenses grew by 2.5% year-on-year to KRW 5,585.2 billion due to higher business-related and sales expenses [14] Business Line Data and Key Metrics Changes - Wireless revenue grew by 2% year-on-year to KRW 1,770.7 billion, with wireless service revenue up 2.2% to KRW 1,667.6 billion, driven by steady 5G subscriber growth [15] - Fixed line telephony revenue decreased by 0.3% to KRW 377.3 billion, while broadband Internet revenue slightly increased by 0.1% to KRW 503.2 billion [16][17] - IPTV revenue rose by 6.8% year-on-year to KRW 446.2 billion, and B2B revenue increased by 2.3% to KRW 684.2 billion [17] Market Data and Key Metrics Changes - The company reported a market share of 1 in quarterly net additions with broadband Internet subscribers increasing by more than 100,000 [11] - 5G subscribers reached 4.4 million, accounting for 31% of the total handset subscriber base [15] Company Strategy and Development Direction - The company aims to transition into a digital company (Digico) and expects consolidated revenue to exceed KRW 25 trillion in 2021, with a stand-alone service revenue growth target of above 4% year-on-year [21] - KT is focusing on expanding its platform businesses and enhancing synergies across group affiliates, including investments in digital transformation services [12][21] Management's Comments on Operating Environment and Future Outlook - Management attributed the strong performance to growth in core businesses, AI and DX, and improved results from affiliates [23] - The company anticipates continued growth in digital platform-based businesses and aims to improve cost efficiencies for year-on-year operating profit improvement [26] Other Important Information - The company plans to make strategic equity investments in Banksalad, an asset management service application, to bolster competitiveness in finance and telecom [12] - CapEx for Q1 was KRW 289.4 billion, reflecting ongoing investments in growth areas [14] Q&A Session Summary Question: Assessment of Q1 performance and reasons for slowing PSTN erosion - Management highlighted strong results from core businesses and growth in AI and DX as key factors for good performance, along with increased 5G and premium subscriber acquisition [23][24] - Slowing PSTN erosion was attributed to growth in enterprise Internet-based telephony and the introduction of flat rate tariff products [26][27] Question: Projections for group affiliates impacted by COVID - Management expects a slight dip in overall revenue for KT Estate due to the end of one-off sales-related revenues, while BC Card is seeing recovery in domestic acquiring volumes [31][32] - Skylife is experiencing subscriber growth in satellite services, and management is optimistic about future performance from media and advertisement-related affiliates [33][34] Question: Guidance for wireless business growth and dividend payout ratio - The company maintains its guidance of 4% growth for wireless service revenue, citing increasing 5G penetration and high ARPU subscribers [38] - Management confirmed the commitment to a 50% payout ratio based on adjusted net profit, as previously communicated [39] Question: Achievement of operating profit target and treasury shares - Management stated that the plan is to achieve higher operating profit year-on-year and will reassess the target for 2022 based on performance [42] - The use of treasury shares is under review, with potential applications in strategic alliances or M&As [43]

KT 1Q21 Earnings Release kt 2021. 5. 11 | Investor Relations 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 change without notice. No presentation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, actuality, fairness, ...

Table of Contents As filed with the Securities and Exchange Commission on April 30, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPA ...

KT Corporation (NYSE:KT) Q4 2020 Earnings Conference Call February 9, 2021 1:00 AM ET Company Participants Seung-Hoon Chi - IRO Conference Call Participants Joonsop Kim - KB Securities Hoi Jae Kim - Daishin Securities Jae-min Ahn - NH Investment & Securities Min Jun Jang - Kiwoom Securities Neale Anderson - HSBC Operator Good morning and good evening. First of all, thank you all for joining this conference call. And now we will begin the conference for the 2020 fourth quarter earnings results by KT. We'd li ...

KT Corporation (NYSE:KT) Q3 2020 Earnings Conference Call November 6, 2020 1:00 AM ET Company Participants Seung-Hoon Chi - IRO Kyung-Keun Yoon - Chief Financial Officer Conference Call Participants Hoi Jae Kim - Daishin Securities Joonsop Kim - KB Securities Operator [Foreign Language] Good morning and good afternoon. First of all, thank you all for joining this conference call. And now, we will begin the conference of the 2020 Third Quarter Earnings Results by KT. We would like to have welcoming remarks f ...

KT Corp (NYSE:KT) Q2 2020 Earnings Conference Call August 7, 2020 2:00 AM ET Company Participants Seung-Hoon Chi - IRO Kyung-Keun Yoon - CFO & EVP, Financial Management Office Conference Call Participants Hoi Jae Kim - Daishin Securities Joonsop Kim - KB Securities Seyon Park - Morgan Stanley Operator Good morning, and good evening. First of all, thank you all for joining this conference call. And now we will begin the conference of the fiscal year 2020 second quarter earnings results by KT. We would like t ...