2010 Annual Report 24 March 2010 1 Agenda

  • Slides: 28
Download presentation
2010 Annual Report 24 March 2010 1

2010 Annual Report 24 March 2010 1

Agenda Financial Highlights Operations Review Business Prospects 2

Agenda Financial Highlights Operations Review Business Prospects 2

n. Financial Highlights 3

n. Financial Highlights 3

Annual Results (1) 4

Annual Results (1) 4

Annual Results (2) 2010 (HK$ M) 2009 (HK$ M) Turnover 719. 4 578. 1

Annual Results (2) 2010 (HK$ M) 2009 (HK$ M) Turnover 719. 4 578. 1 Profit Attributable to Equity Shareholders 198. 5 254. 1 Profit excluding Non. Recurring Tax item in 2009 198. 5 165. 2 5

Turnover Breakdown by Business 6

Turnover Breakdown by Business 6

Turnover Breakdown by Region 7

Turnover Breakdown by Region 7

Consolidated Income Statement (1) 2010 (HK$’ 000) 2009 (HK$’ 000) 719, 435 578, 115

Consolidated Income Statement (1) 2010 (HK$’ 000) 2009 (HK$’ 000) 719, 435 578, 115 (369, 359) (322, 049) 350, 076 256, 066 5, 242 35, 535 233 (295) Administrative expenses (76, 788) (80, 680) Profit from operations 278, 763 210, 626 Turnover Cost of services Gross profit Other net income Valuation gain/(loss) on investment properties 8

Consolidated Income Statement (2) Profit from operations Finance costs Gain from liquidation of a

Consolidated Income Statement (2) Profit from operations Finance costs Gain from liquidation of a subsidiary 2010 (HK$’ 000) 2009 (HK$’ 000) 278, 763 210, 626 (6, 330) (4, 868) _ 6, 146 Profit before taxation 272, 433 211, 904 Income tax (expenses)/credit (73, 934) 42, 180 Profit after taxation 198, 499 254, 084 9

Expenses Breakdown 10

Expenses Breakdown 10

Cost of Service Breakdown 11

Cost of Service Breakdown 11

EBITDA Margins Note: EBITDA Margin represents earnings before interest income / expenses, other income,

EBITDA Margins Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization and impairment loss as a percentage of turnover. 12

Trade receivables/ Turnover 13

Trade receivables/ Turnover 13

Net worth/ Share 14

Net worth/ Share 14

Assets & Liabilities 2010 (HK$ Million) 2009 (HK$ Million) Total Assets 3, 802 3,

Assets & Liabilities 2010 (HK$ Million) 2009 (HK$ Million) Total Assets 3, 802 3, 119 Total Liabilities 1, 315 829 (As at 31 December 2010) 15

Gearing 16

Gearing 16

Cash Free cash Pledged deposits 2010 (HK$ Million) 2009 (HK$ Million) 121 276 77

Cash Free cash Pledged deposits 2010 (HK$ Million) 2009 (HK$ Million) 121 276 77 8 (As at 31 December 2010) 17

n. Operations Review 18

n. Operations Review 18

Transponder Utilization Rates APSTAR 6 APSTAR 5 (APT’s transponders) APSTAR 2 R 2010 2009

Transponder Utilization Rates APSTAR 6 APSTAR 5 (APT’s transponders) APSTAR 2 R 2010 2009 78. 7% 70. 8% 80. 6% 80. 5% 83. 2% 87. 4% 19

APSTAR 6 u u Launched in April 2005, positioned at 134⁰E orbital slot High-power

APSTAR 6 u u Launched in April 2005, positioned at 134⁰E orbital slot High-power satellite with 38 C-band 12 Ku-band transponders u Started commercial operation in June 2005 u Operation mission life over 15 years u Maintained high utilization rate with further growth potential 20

APSTAR 5 u Launched in June 2004, positioned at 138⁰E orbital slot u Commenced

APSTAR 5 u Launched in June 2004, positioned at 138⁰E orbital slot u Commenced operation in August 2004 u APT keeps 20 C-Band & 9 Ku-Band Transponders u The mission life is about 15 years u Maintained high utilization rate with further growth potential 21

APSTAR 2 R u Launched in October 1997, positioned at 76. 5⁰E orbital slot

APSTAR 2 R u Launched in October 1997, positioned at 76. 5⁰E orbital slot contains 28 C-band transponder and 16 Ku transponders. u APT terminated the Lease Agreement with Telesat on 9 July 2009 and took up 43 transponders with reputable customers u The C-band transponders cover Europe, Asia, Africa, and Australia, approx. 75% of the world’s population u High filling rate for C-Band transponders with strong income stream 22

New Satellite – APSTAR 7 u u Space. Bus 4000 C 2 platform, Scheduled

New Satellite – APSTAR 7 u u Space. Bus 4000 C 2 platform, Scheduled to be launched in Q 1 2012 to replace APSTAR 2 R Same orbital slot as APSTAR 2 R with 28 C and 28 Ku transponders to ensure seamless service transition for customers Welcome by customers of APSTAR 2 R, including HBO, to continue their services with APSTAR 7 Ku-band transponders are built with China Beam, Middle East and North Africa Beam, African Beam, and Steerable Beam, APT can further expand the satellite capacity and coverage of the Group to above said regions 23

New Satellite – APSTAR 7 B As a back up satellite of APSTAR 7,

New Satellite – APSTAR 7 B As a back up satellite of APSTAR 7, from same suppliers u Based on Spacebus 4000 C 2 platform with 28 C-Band & 23 Ku-Band transponders u Scheduled to be delivered in Q 2 2012 in case launch failure of APSTAR 7 u To be transferred to China Satellite Communications Co. Ltd. in case APSTAR 7 is successfully launched to recoup the capital expenditure made for APSTAR 7 B u It is a very successful arrangement because the Group can save up enormous amount of back-up satellite investment, and meet the time schedule requirement. u 24

Value-added services u u u Satellite TV Broadcasting Services APT Satellite TV Development Ltd.

Value-added services u u u Satellite TV Broadcasting Services APT Satellite TV Development Ltd. Television Service Licence renewed in February 2010 for another 12 years. Satellite-based Telecommunications Services APT Telecom Services Limited. New broadcasting customers including Xin Hua News. Transponder lease services have been successfully established new customers and explored markets in Nepal, Philippines, Cambodia, Indonesia, India, New Zealand 25

n. Business Prospects 26

n. Business Prospects 26

Business Prospects u Global economy and politics still holds uncertainties, however Supply and demand

Business Prospects u Global economy and politics still holds uncertainties, however Supply and demand of transponders has been maintained at a stable level resulting sustainable growth u Fierce market competition u Steady growing demand for transponders and services u Replacement Programme boosts market confidence and gear up the promotion and sales of the Ku-Band transponders of APSTAR for emerging markets in Asia, Middle East, Africa. 27

www. apstar. com APT Satellite Holdings Limited 28

www. apstar. com APT Satellite Holdings Limited 28