KT : 2024 1Q

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.

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1. Financial Highlights
2. Business Overview
3. Appendix

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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)

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1. 1Q24 Highlights
2. Financial Highlights
3. Business Overview
4. Appendix

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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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1. 1Q24 Highlights
2. Financial Highlights
3. Business Overview
4. Appendix

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