KT 1Q24 Earnings Release
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, or completeness of the information presented.
If you have any questions related to this material, please contact the IR department.
Tel: +82-70-4193-4036
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Contents
1 1Q24 Highlights
2 Business Overview
3 Appendix
1-1 1Q24 Highlights
- Continued rev. growth centered on KT and core subsidiaries
- 1Q24 Rev. KRW 6.65tr. (YoY 3.3%)
- Increased OP contribution of subsidiaries (esp. finance, data center, real-estate)
- 1Q24 OP contribution recorded KRW 0.11tr. (YoY 15.0%)
(Unit: KRW bn) | ||||||
Consolidated | 1Q23 | 4Q23 | 1Q24 | QoQ | YoY | |
Operating Rev. | 6,443.7 | 6,687.6 | 6,654.6 | -0.5% | 3.3% | |
Operating Exp. | 5,957.6 | 6,422.0 | 6,148.1 | -4.3% | 3.2% | |
Operating | 486.1 | 265.6 | 506.5 | 90.7% | 4.2% | |
Income | ||||||
Net Income | 309.6 | -41.7 | 393.0 | Turn Black | 26.9% | |
EBITDA | 1,415.5 | 1,279.2 | 1,480.2 | 15.7% | 4.6% | |
- Service rev. exceeds KRW 4tr. due to well-balanced growth of B2C/B2B businesses
- 1Q24 service rev. KRW 4.04tr. (YoY 2.2%)
- Enhanced OP growth through improving business structure & cost efficiency
- 1Q24 operating profit KRW 0.39tr. (YoY 1.5%)
(Unit: KRW bn) | |||||
Separate | 1Q23 | 4Q23 | 1Q24 | QoQ | YoY |
Operating Rev. | 4,619.0 | 4,592.0 | 4,694.8 | 2.2% | 1.6% |
Operating Exp. | 4,230.9 | 4,395.7 | 4,301.0 | -2.2% | 1.7% |
Operating | 388.1 | 196.3 | 393.8 | 100.6% | 1.5% |
Income | |||||
Net Income | 319.9 | 97.8 | 354.1 | 262.0% | 10.7% |
EBITDA | 1,167.4 | 1,031.5 | 1,199.1 | 16.3% | 2.7% |
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1-2 Shareholder Return
KT determined first quarterly dividend at W500 and additional cancellation of 2%p of held treasury shares(worth of KRW178.9bn)
First quarterly dividend determined
at W500 per share for 1Q24
1,960
500
2023 1Q24 2Q24E 3Q24E 4Q24E '24년E
To cancel 2%p of total 4.41%
held treasury shares
Cancellation of
4.41% | 2%p held treasury |
shares | |
(W178.9bn / | |
5.14mn shares) |
※ Total issued shares: 257,164,985(As of '24.04) 5
1-3 Management Strategy
Transform to 'AICT Company'
Strengthen core competitiveness
of CT business
by integrating AI & IT
Enhancing capabilities in
AX(AI driven DX)
Explore new businesses
based on AI
(AI+IT SW+Data+Cloud)
Operating Innovation
based on IT
Innovate platform based on
AI & Take advantage of
group synergy
Improving management
system
※ AX Capabilities : ① Capabilities related to installment of App. based in AI+Cloud+IT+Data ② Total MSP ③ Innovation of existing businesses | 6 |
Contents
1 1Q24 Highlights
2 Business Overview
3 Appendix
K-IFRS / Separate
2-1 KT - Wireless
Wireless service revenue up +1.9% YoY with increased 5G penetration and roaming revenue
Aim to expand 5G customer base and increase online channels share with the launch of 5G mid/low-pricing & direct plans ('24.1.19)
(Unit: KRW bn.)
(Unit: KRW) | 34,302 | 34,461 | ||||
1,634.4 | 1,646.4 | 1,649.8 | 33,948 | |||
1,618.6 | 1,623.3 | 33,771 | 33,838 | |||
64.1% 66.8% 69.2% 71.9% 73.9%
1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 8 |
* (5G Handset Subs.) / (MNO Handset Subs.) | ||||||||||
K-IFRS / Separate
2-2 KT - Fixed Line
Broadband revenue +2.1% YoY, Media revenue +2.3% YoY led by increasing premium subscribers
(Unit: KRW bn.) | (Unit: KRW bn.) |
607.9 612.4 619.4 620.3 620.8
1Q23 2Q23 3Q23 4Q23 1Q24
(Unit: Thousands)
1Q23 2Q23 3Q23 4Q23 1Q24 YoY
Total 9,774 9,812 9,810 9,827 9,862 0.9%
GiGA %* 67.3% 67.6% 68.0% 68.3% 68.5% 1.2%p
506.9 | 518.0 | 524.4 | 507.8 | 518.6 |
1Q23 2Q23 3Q23 4Q23 1Q24
(Unit: Thousands)
1Q23 2Q23 3Q23 4Q23 1Q24 YoY
Total 9,451 9,470 9,430 9,409 9,418 -0.4%
15K↑ %* 29.0% 29.8% 30.7% 31.6% 31.6% 2.6%p
* (Cumulative GiGA Subs.) / (Total Broadband Subs.) | * (Cumulative 15K ↑ Subs.) / (Total IPTV Mass Subs.) | 9 |
K-IFRS / Separate
2-3 KT - B2B Services
Rev. up 5.0% YoY with robust demand for telco services and ongoing progress in AICC, IoT, etc.
Streamline low-margin businesses and promote growth potentials of Major Growth Drivers through capabilities in AX(AI driven DX)
(Unit: KRW bn.) | (Unit: KRW bn.) |
852.2 | 891.2 | 903.8 | 895.0 | ||||
813.1 | |||||||
1Q23 2Q23 3Q23 4Q23 1Q24
1Q24 323.5
4Q23 | 318.1 | |||||
1Q23 | 320.0 | |||||
Rev. of 5 Major Growth Drivers | (Unit: KRW bn.) | |||||
1Q24 | ||||||
92.8 | ||||||
4Q23 | 73.7 | |||||
1Q23 | 88.5 |
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Disclaimer
KT Corporation published this content on 21 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2024 04:32:05 UTC.