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.
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Tel: +82-70-4193-4036
2
- Financial Highlights
- Business Overview
- Appendix
3
1 1Q24 Highlights
Financials
(Unit: KRW bn)
Cons.
Revenue
Operating
Profit
6,654.6bn (YoY +3.3%) | Sep. | Revenue |
506.5bn (YoY +4.2%) | Operating | |
Profit |
4,694.8bn (YoY +1.6%)
393.8bn (YoY +1.5%)
『Continued robust growth in B2C/B2B businesses and major subsidiaries』
- [B2C] Telco continues uptrend through premium subscribers (WirelessYoY +1.7%, BroadbandYoY +2.1%, MediaYoY +2.3%)
- [B2B] Rev. growth led by broadband/data, project orders, and demand increase for AX Services (B2B ServiceYoY +5.0%)
- [Subsidiaries] Double-digit growth from IDC/Cloud, real estate (kt estate YoY +20.3%, kt cloud YoY +17.8%)
Shareholder Return
'24.Q1 First Quarterly Dividend | Treasury Share Cancellation | |
• Dividend per Share : 500 KRW | • To cancel : 2% of total shares issued | |
(5.14 mnshares / total value: KRW 178.9 bn) |
4
- 1Q24 Highlights
- Financial Highlights
- Business Overview
- Appendix
5
K-IFRS / Consolidated
1 Income Statement
- Rev. +3.3% YoY through growth in both B2C/B2Bbusinesses,Cloud/IDC and real estate
- OP +4.2% YoY due to robust fundamentals despite increasing costs due to inflation
(Unit: KRW bn) | ||||||
1Q23 | 4Q23 | 1Q24 | QoQ | YoY | ||
Operating Revenue | 6,443.7 | 6,687.6 | 6,654.6 | -0.5% | 3.3% | |
Service Revenue | 5,597.5 | 5,720.2 | 5,722.7 | 0.0% | 2.2% | |
Sale of goods | 846.1 | 967.4 | 931.9 | -3.7% | 10.1% | |
Operating Expense | 5,957.6 | 6,422.0 | 6,148.1 | -4.3% | 3.2% | |
Operating Income | 486.1 | 265.6 | 506.5 | 90.7% | 4.2% | |
Margin | 7.5% | 4.0% | 7.6% | +3.6%p | +0.1%p | |
Margin1 | 8.7% | 4.6% | 8.9% | +4.3%p | +0.2%p | |
Non-op. Income/Loss | -48.5 | -277.6 | 22.5 | - | - | |
Income before taxes | 437.6 | -12.0 | 529.0 | - | 20.9% | |
Net Income | 309.6 | -41.7 | 393.0 | - | 26.9% | |
Margin | 4.8% | -0.6% | 5.9% | +6.5%p | +1.1%p | |
EBITDA | 1,415.5 | 1,279.2 | 1,480.2 | 15.7% | 4.6% | |
Margin | 22.0% | 19.1% | 22.2% | +3.1%p | +0.2%p | |
1) OP Margin1 = Operating Income/Service Revenue
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K-IFRS / Consolidated
2 Operating Expenses
(Unit: KRW bn) | |||||||
1Q23 | 4Q23 | 1Q24 | QoQ | YoY | |||
Operating Expenses | 5,957.6 | 6,422.0 | 6,148.1 | -4.3% | 3.2% | ||
Labor Cost | 1,069.1 | 1,157.8 | 1,100.9 | -4.9% | 3.0% | ||
General Expense | 2,604.0 | 2,843.7 | 2,674.2 | -6.0% | 2.7% | ||
- Depreciation | 929.4 | 1,013.6 | 973.7 | -3.9% | 4.8% | ||
Cost of Service | 717.3 | 725.5 | 726.5 | 0.1% | 1.3% | ||
Selling Expense | 600.9 | 645.9 | 599.6 | -7.2% | -0.2% | ||
Cost of Goods sold | 966.3 | 1,049.1 | 1,046.9 | -0.2% | 8.3% | ||
[Selling Expense (KT Separate) | (Unit: KRW bn) | ||||
] | 1Q23 | 4Q23 | 1Q24 | QoQ | YoY |
Selling Expense | 626.1 | 644.2 | 620.6 | -3.7% | -0.9% |
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K-IFRS / Consolidated
3 Balance Sheet
(Unit: KRW bn) | ||||||||
Mar 31, '23 | Dec 31, '23 | Mar 31, '24 | QoQ | YoY | ||||
Assets | 40,214.4 | 42,710.0 | 42,710.0 | 0.0% | 6.2% | |||
Cash & Cash equivalents | 2,109.2 | 2,879.6 | 3,000.7 | 4.2% | 42.3% | |||
Liabilities | 22,062.4 | 24,148.9 | 24,127.8 | -0.1% | 9.4% | |||
Borrowings | 10,577.1 | 10,218.2 | 10,151.4 | -0.7% | -4.0% | |||
Equity | 18,152.0 | 18,561.1 | 18,582.2 | 0.1% | 2.4% | |||
Capital Stock | 1,564.5 | 1,564.5 | 1,564.5 | 0.0% | 0.0% | |||
Net Debt | 8,467.9 | 7,338.6 | 7,150.7 | -2.6% | -15.6% | |||
Debt / Equity | 121.5% | 130.1% | 129.8% | -0.3%p | 8.3%p | |||
Net Debt / Equity | 46.6% | 39.5% | 38.5% | -1.0%p | -8.1%p | |||
118.7% | 117.9% | 122.6% | 124.3% | 124.8% | 131.1% | 127.0% | 122.5% | 121.5% | 115.4% | 134.9% | 130.1% | 129.8% | |
Debt/Equity | 46.6% | ||||||||||||
Net Debt/Equity | 32.4% | 29.7% | 33.0% | 32.7% | 37.4% | 42.9% | 40.6% | 41.0% | 44.6% | 38.5% | 39.5% | 38.5% | |
1Q 21 | 2Q 21 | 3Q 21 | 4Q 21 | 1Q 22 | 2Q 22 | 3Q 22 | 4Q 22 | 1Q 23 | 2Q 23 | 3Q 23 | 4Q 23 | 1Q 24 |
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K-IFRS / Separate and major subsidiaries
4 CAPEX
• '24.Q1 CAPEX Execution: KRW 318.1bn (KT Separate), KRW 188.9 bn (Major Subsidiaries)
(Unit: KRW bn)
3,452 3,533
692 813
2,760 2,721
3,319
907
■ Major Subsidiaries' CAPEX
Includes Finance, Media, Cloud/IDC,
Real Estate and etc.
2,412
■ KT Separate CAPEX
507
Access network, Backbone Network,
189 | ||||||||||
318 | B2B and etc. | |||||||||
2021 | 2022 | 2023 | 1Q24 | |||||||
KT | ||||||||||
MajorSubsidiari | es | |||||||||
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- 1Q24 Highlights
- Financial Highlights
- Business Overview
- Appendix
10
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Disclaimer
KT Corporation published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 23:15:12 UTC.