2012 Annual Report 22 March 2013
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Transcript of 2012 Annual Report 22 March 2013
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2012 Annual Report
22 March 2013
Agenda
Financial Highlights Operations ReviewBusiness Prospects
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Financial Highlights
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Annual Results (1)
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2012
(HK$ M)
2011(HK$ M)
Turnover 900.6 758.3
Profit Attributable to
Equity Shareholders354.4 280.9
Annual Results (2)
Turnover Breakdown by Business
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Consolidated Income Statement (1)2012
(HK$’000)
2011
(HK$’000)
Turnover 900,611 758,317
Cost of services (372,363) (362,038)
Gross profit 528,248 396,279
Other net income 25,515 15,652
Valuation gain on investment properties 896 230
Impairment loss recognized in respect of property, plant and equipment
- (36,660)
Administrative expenses (114,779) (94,643)
Profit from operations 439,880 280,858 8
Consolidated Income Statement (2)2012
(HK$’000)
2011
(HK$’000)
Profit from operations 439,880 280,858
Gain on disposal of availableFor-sale financial asset
- 111,413
Fair value change on financial instrument designated at fair value through profit or loss
(34,211) (9,989)
Finance costs (21,250) (21,941)
Profit before taxation 384,419 360,341
Income tax (29,984) (79,418)
Profit after taxation 354,435 280,923
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EBITDA Margins
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Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization and impairment loss as a percentage of turnover.
Net worth/ Share
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Assets & Liabilities
2012(HK$ Million)
2011(HK$ Million)
Total Assets 5,028 4,768
Total Liabilities 1,941 2,010
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(As at 31 December 2012)
Gearing
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Cash
2012(HK$ Million)
2011(HK$ Million)
Free cash 729 334
Pledged deposits
57 21
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(As at 31 December 2012)
Operations Review
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Transponder Utilization Rates
2011 2012
APSTAR 7 - 74.6%
APSTAR 6 81.5% 80.4%
APSTAR 5
(for APT’s transponders only)
88.2% 74.2%
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New Satellite – APSTAR 7 SpaceBus 4000 C2 platform, successfully
launched on 31 March 2012 to replace APSTAR 2R with mission life over 18 years
Same orbital slot as APSTAR 2R with 28 C and 28 Ku transponders to ensure seamless service transition for customers
Welcome by famous customers and 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
As of 31 December 2012, its utilization was 74.6%
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Launched in April 2005, located at 134⁰E orbital slot
High-power satellite with 38 C-band and 12 Ku-band transponders
Started commercial operation in June 2005
Operation mission life over 15 years
Maintained high utilization rate with further growth potential
Strong market penetration in Asia Pacific region and China
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APSTAR 6APSTAR 6
APSTAR 5
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Launched in June 2004, located at 138⁰E orbital slot
APT keeps 20 C-Band & 9 Ku-Band Transponders
The mission life is about 15 years
Maintained high utilization rate with further growth potential
Strong competitive edge in Asia Pacific region
APSTAR 7B/Chinasat 12 – Assigned Back up satellite of APSTAR 7, from same suppliersBased on Spacebus 4000 C2 platform with 28 C-Band
& 23 Ku-Band transpondersTransferred to China Satcom Collected the whole capital investment made for
APSTAR 7BA very successful arrangement because the Group can
save up enormous amount of back-up satellite investment while meeting the time schedule requirement.
Additional transponder capacities for future business growth potential
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Expansions of Customer services
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Transponder lease services have been successfully established new customers and explored markets in Nepal, Philippines, Cambodia, Indonesia, India, New Zealand
New expansion in Data Centre Services for new stream of revenue
APT Datamatrix Limited for data centre services in its existing facilities.
Satellite TV Broadcasting Services APT Satellite TV Development Ltd. for Satellite
TV Service under Non-Domestic Television Services Licence
Satellite-based Telecommunications Services APT Telecom Services Limited for satellite
telecom services under Fixed Carrier Licence
Business Prospects
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Business Prospects
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APSTAR 7 has become a hot bird with strong neighborhood effect
The utilization rate will continue to grow and remain at high level securing significant market share and generating substantial revenue for APSTAR Satellites
High level of demand for transponders services in both broadcasting and telecommunication sectors
Business growth potential from Ku-Band transponders of APSTAR 7 for emerging markets in Asia, Middle East, and Africa.
Additional transponder capacities for future business growth potential
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APT Satellite Holdings
Limited
www.apstar.com