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KT(KT) - 2021 Q2 - Earnings Call Presentation
2021-08-10 15:27
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]
KT(KT) - 2021 Q1 - Earnings Call Transcript
2021-05-11 21:31
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(KT) - 2021 Q1 - Earnings Call Presentation
2021-05-11 17:10
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, ...
KT(KT) - 2020 Q4 - Annual Report
2021-04-30 12:12
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(KT) - 2020 Q4 - Earnings Call Transcript
2021-02-09 20:48
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(KT) - 2020 Q3 - Earnings Call Transcript
2020-11-08 06:28
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(KT) - 2020 Q2 - Earnings Call Transcript
2020-08-08 01:29
Financial Data and Key Metrics Changes - Q2 total revenue decreased by 3.6% year-on-year, amounting to KRW5,876.5 billion, primarily due to subdued financial and real estate business impacted by COVID-19 [7] - Operating profit increased by 18.6% year-on-year to KRW341.8 billion, while net profit rose by 2.2% year-on-year to KRW207.6 billion [8] - EBITDA reported at KRW1,252.6 billion, up 5.1% year-on-year [8] - Operating expenses decreased by 4.7% year-on-year to KRW5,534.7 billion due to cost control efforts [9] - Debt-to-equity ratio as of Q2 end was 121.2%, down 1.9 percentage points year-on-year [10] Business Line Data and Key Metrics Changes - Wireless revenue increased by 0.6% year-on-year to KRW1,722.5 billion, with service revenue up 0.2% year-on-year to KRW1,615.5 billion [11] - Fixed line telephony revenue decreased by 7% year-on-year to KRW372.2 billion, while broadband Internet revenue declined by 1.2% year-on-year to KRW496.7 billion [15] - IPTV revenue increased by 0.5% year-on-year to KRW407.6 billion, supported by high-quality subscriber growth [17] - B2B revenue rose by 2.4% year-on-year to KRW701.1 billion, driven by digital transformation demand [18] Market Data and Key Metrics Changes - Total wireless subscribers reached 22,120,000, with 2.24 million 5G subscribers, representing a 16% penetration rate [12] - MNO subscribers increased by 295,000, marking the highest rise since Q1 2018 [12] - The company holds over 70% market share in the public and financial cloud market [18] Company Strategy and Development Direction - The company aims to transform from a telecom service provider to a telecom-based platform provider, focusing on new growth opportunities in 5G and B2B platforms [26] - Plans to enhance media capabilities through partnerships, including a recent collaboration with Netflix to offer a wider range of content [17][31] - Continued investment in AI, cloud, and digital transformation to support B2B growth and innovation [21][42] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the COVID-19 pandemic but highlighted robust subscriber growth in core telecom and high revenue growth in AI and DX businesses [6] - The outlook for the second half of the year is optimistic, with expectations of increased 5G subscriber growth and improved revenue from various segments [56][58] Other Important Information - The company is actively exploring synergies among its subsidiaries, including K-Bank and BC Card, to enhance overall growth [23][63] - The impact of COVID-19 on group affiliates resulted in an 8.2% decline in profit contribution year-on-year [22] Q&A Session Summary Question: Netflix arrangement details - The partnership with Netflix aims to enhance content capabilities and create a virtual cycle to expand the subscriber base [31][32] Question: 5G infrastructure co-investment - Discussions are ongoing among operators regarding potential joint investment in 5G networks to enhance coverage and investment efficiency [35] Question: 5G B2B business direction - The company plans to expand 5G B2B use cases in various sectors and has seen interest from multiple customers [40][41] Question: Competitive landscape in the second half - The company expects increased competition with new handset launches but plans to focus on competitive tariff plans and unique services [54] Question: CapEx outlook - The company aims to maintain its KRW3.1 trillion CapEx guidance despite interruptions in 5G investment due to COVID-19 [49][50] Question: Marketing expenses in Q2 - Marketing expenses appeared elevated due to IFRS accounting standards, but actual spending declined [66] Question: Restructuring plans - The company is considering restructuring affiliates that do not contribute to growth, with potential fast implementation once decisions are made [67]
KT(KT) - 2020 Q1 - Earnings Call Transcript
2020-05-13 21:44
KT Corp (NYSE:KT) Q1 2020 Earnings Conference Call May 13, 2020 2:00 AM ET Company Participants Seung-Hoon Chi - SVP & IR Officer Kyung-Keun Yoon - CFO & EVP Conference Call Participants Hoi Jae Kim - Daishin Securities Hong-sik Kim - Hana Financial Investment Sean Lee - Citigroup Taewon Kim - UBS Investment Bank 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 first quarter earnings results by ...
KT(KT) - 2020 Q1 - Earnings Call Presentation
2020-05-13 14:11
KT 1Q20 Earnings Release kt May 13, 2020 | 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 ...
KT(KT) - 2019 Q4 - Annual Report
2020-04-29 12:24
Table of Contents As filed with the Securities and Exchange Commission on April 29, 2020 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, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPA ...