SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2012
Commission File Number 1-14926
KT Corporation
(Translation of registrant’s name into English)
206 Jungja-dong
Bundang-gu, Sungnam
Kyunggi-do
463-711
Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: February 6, 2012 | ||
| KT Corporation | ||
| By: | /s/ Thomas Bum Joon Kim | |
| Name: | Thomas Bum Joon Kim | |
| Title: | Managing Director | |
| By: | /s/ Young Jin Kim | |
| Name: | Young Jin Kim | |
| Title: | Director | |
KT 2011 4Q Earnings Release Investor Relations FEBRUARY 6, 2012
Disclaimer This presentation has been prepared by KT Corp. (“the-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 representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, actuality, fairness, or completeness of the information presented. The Company, its affiliates or representatives accept no liability whatsoever for any losses arising from any information contained in the presentation. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares of the Company, and no part of this presentation shall form the Basis of or be relied upon in connection with any contract or commitment. Any decision to purchase shares of the Company should be made solely on the Basis of information, which has been publicly filed with the Securities and Exchange Commission or the Korea Stock Exchange and distributed to all investors. The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose.
Financial Highlights (Consolidated) Consolidated Income Statement Consolidated Statement of Financial Position & CAPEX (KT Only) Business Overview (Consolidated) Appendix
I. Financial Highlights 1. Income Statement (unit: bn KRW) Income Statement 4Q11 4Q10 YoY 4Q11 3Q11 QoQ 2011 2010 YoY Operating revenue 6,379.1 5,114.2 24.7% 6,379.1 4,992.2 27.8% 21,990.1 20,339.1 8.1% Operating expense 6,091.4 4,768.9 27.7% 6,091.4 4,475.8 36.1% 20,032.7 18,288.5 9.5% Operating income 287.6 345.3 -16.7% 287.6 516.4 -44.3% 1,957.3 2,050.7 -4.5% Financial income (loss) -90.9 -96.7 -6.0% -90.9 -152.6 -40.4% -375.8 -326.5 15.1% Income before income taxes 196.7 248.6 -20.9% 196.7 363.8 -45.9% 1,581.5 1,724.1 -8.3% Income from con. operation 205.6 179.5 14.6% 205.6 255.7 -19.6% 1,271.1 1,320.1 -3.7% Income from dis. operation 5.0 7.7 -35.3% 5.0 0.0 171.1 18.1 842.9% Net income 210.6 187.1 12.5% 210.6 255.7 -17.7% 1,442.2 1,338.3 7.8% EBITDA 1,030.4 1,038.8 -0.8% 1,030.4 1,267.3 -18.7% 4,913.6 5,159.1 -4.8% EBITDA margin (service rev) 21.5% 25.6% -4.1%p 21.5% 31.3% -9.8%p 29.1% 31.4% -2.3%p 4Q11 Operating Income at KRW 287.6bn / 4Q11 Net Income at KRW 210.6bn FY2011 Operating Income at KRW 1.96tr / FY2011 Net Income at KRW 1. 44tr 4Q11 Operating Revenue at KRW 6. 38tr / FY2011 Operating Revenue at KRW 21.99tr • 4Q11 Operating revenue increased 27.8% QoQ, due to inclusion of BC Card in the consolidated F/S and gains from real estate sales through ABS • FY2011 Operating revenue increased 8.1% YoY due to inclusion of BC Card and kt Skylife in the consolidated F/S 4Q11 Operating Expenses at KRW 6.91tr / FY2011 Operating Expenses at KRW 20.33tr • Inclusion of BC Card in the consolidated F/S and 2G migration expenses led 4Q11 operating expenses to rise by 36.1% QoQ • Rise in the D&A, cost of merchandise sold and addition of kt Skylife caused 9.5% YoY increase
I. Financial Highlights 2. Statement of Financial Position & CAPEX (unit: bn KRW) 4Q11 4Q10 YoY 4Q11 3Q11 QoQ Assets 32,077.4 26,941.6 19.1% 32,077.4 29,472.7 8.8% Cash and cash equivalents 1,445.2 1,161.6 24.4% 1,445.2 1,245.6 16.0% Liabilities 19,549.5 15,587.5 25.4% 19,549.5 17,233.5 13.4% Borrowings 10,998.6 9,382.4 17.2% 10,998.6 11,021.8 -0.2% Equity 12,528.0 11,354.1 10.3% 12,528.0 12,239.1 2.4% Capital stock 1,564.5 1,564.5 0.0% 1,564.5 1,564.5 0.0% Net Debt 9,553.4 8,220.7 16.2% 9,553.4 9,776.1 -2.3% Liabilities to Equity Ratio (%) 156.0% 137.3% 18.8%p 156.0% 140.8% 15.2%p Debt to Equity Ratio (%) 87.8% 82.6% 5.2%p 87.8% 90.1% -2.3%p Net Debt to Equity Ratio (%) 76.3% 72.4% 3.9%p 76.3% 79.9% -3.6%p (unit: bn KRW) CAPEX (KT Only) 4Q11 4Q10 YoY 4Q11 3Q11 QoQ 2011 2010 YoY Wireless 393.3 483.9 -18.7% 393.3 394.0 -0.2% 1,607.7 1,085.6 48.1% Wireline 460.9 616.7 -25.3% 460.9 256.3 79.8% 1,273.3 1,618.4 -21.3% Overhead 201.0 138.2 45.4% 201.0 117.8 70.6% 437.5 353.2 23.9% Total 1,055.2 1,238.8 -14.8% 1,055.2 768.1 37.4% 3,318.5 3,057.2 8.5%
Financial Highlights (Consolidated) Business Overview (Consolidated) Wireless Service Telephone Service Internet Service Other Services Operating Expense Appendix
II. Business Overview 1. Wireless Revenue Breakdown Subscriber Trends 4Q11 4Q10 YoY 4Q11 3Q11 QoQ Voice 801.9 1,062.8 -24.5% 801.9 868.9 -7.7% Data 617.3 430.5 43.4% 617.3 569.8 8.3% Inter-connection 190.5 175.2 8.7% 190.5 189.6 0.5% Others 108.8 92.2 18.0% 108.8 107.1 1.6% Wireless 1,718.5 1,760.7 -2.4% 1,718.5 1,735.5 -1.0% (unit: bn KRW) (*1,000) 18,000 5% 16,299 16,296 16,391 16,563 16,041 15,831 15,368 15,594 16,000 4% 3.5% 14,000 3.4% 3.0% 3.1% 2.9% 2.9% 2.8% 2.9% 3% 12,000 10,000 2% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Mobile Subscribers (LHS) Churn Rate (RHS) Voice Revenue • Additional KRW 1,000 tariff discount and free SMS along with the continued effect of revenue discount plan led to 7.7% QoQ decrease Data Revenue • Smartphone subscribers increased 43.4% YoY, recording 7.65mn as of end of FY2011, which represents 46% of total subscriber base Interconnection Revenue • Interconnection revenue increased slightly QoQ due to rise in the wireless service usage (*1,000) 7,653 8,000 100% 6,317 80% 6,000 5,242 46.2% 60% 4,000 3,837 38.5% 2,737 32.2% 40% 1,099 1,652 684 23.5% 2,000 17.1% 10.4% 20% 7.0% 4.4% 0 0% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 # of Smartphone subscribers (LHS) % of Smartphone subscribers (RHS) K-IFRS / Consolidated (KT only)
II. Business Overview 2. Telephony Revenue Breakdown (unit: bn KRW) 4Q11 4Q10 YoY 4Q11 3Q11 QoQ PSTN 605.1 704.5 -14.1% 605.1 612.3 -1.2% VoIP 80.8 79.0 2.3% 80.8 77.3 4.6% Others 243.9 255.6 -4.6% 243.9 256.7 -5.0% Telephone 929.9 1,039.1 -10.5% 929.9 946.4 -1.7% Subscriber Trends (KT only) (*1,000) 24,000 19,586 19,477 19,432 19,359 19,386 19,272 19,227 30% 20,000 25% 1,972 2,222 2,490 2,724 2,932 3,038 3,156 3,230 16,000 20% 16.4% 16.9% 15.1% 15.8% 14.1% 12,000 12.8% 15% 11.4% 10.1% 8,000 10% 4,000 5% 17,614 17,255 16,942 16,635 16,453 16,234 16,071 15,929 0 0% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 VoIP PSTN % of VoIP(RHS) PSTN PSTN revenue was recorded at KRW 605.1bn, representing a decrease of 1.2% QoQ and 14.1% YoY, as PSTN subscriber decrease slowed down PSTN line loss was 710K in FY2011, which is 50% alleviated, compared to the previous year VoIP Revenue improved 4.6% QoQ, led by continuous subscriber base expansion As PSTN line loss declined, VoIP subscriber growth has also slowed down Others Due to seasonality, international call service revenue fell, resulting other revenue to decrease for QoQ and YoY
II. Business Overview 3. Internet Revenue Breakdown (unit: bn KRW) 4Q11 4Q10 YoY 4Q11 3Q11 QoQ Broadband 453.9 472.4 -3.9% 453.9 481.3 -5.7% IPTV 99.7 59.9 66.3% 99.7 79.3 25.6% IDC 52.4 48.6 7.9% 52.4 52.4 0.1% Others 57.6 67.5 -14.6% 57.6 53.5 7.6% Internet 663.6 648.5 2.3% 663.6 666.6 -0.4% Subscriber Trends (KT only) Broadband Subscribers (*1,000) 7,724 7,823 8,000 7,552 7,629 5% 7,315 7,424 7,090 7,189 4% 7,000 3% 6,000 2% 1.4% 1.3% 1.2% 1.1% 1.0% 1.1% 1.1% 1.0% 5,000 1% 4,000 0% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 # of Subcribers Churn rate Broadband • With competitive network quality and bundling sales increase, broadband subscribers recorded 7.82mn, which is a net addition of 400k in FY2011 • However, revenue fell by 3.9% YoY as discount increased due to more long-term subscribers and higher bundling customers IPTV • kt media business continues to sharpen competitive edge around our distinctive hybrid OTS service • Revenue grew 25.6% QoQ and 66.3% YoY, as value-added service such as PPV and advertising revenue increased (*1,000) IPTV Subscribers 6,000 3,641 3,852 4,036 4,259 4,547 4,709 4,900 5,125 5,000 1,081 1,195 844 966 4,000 641 322 415 148 3,000 1,164 1,247 1,375 1,444 1,549 1,656 1,761 1,881 2,000 1,000 2,330 2,282 2,246 2,174 2,154 2,088 2,058 2,049 0 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 OTS OTV Skylife Only
Revenue Breakdown (unit: bn KRW) 4Q11 4Q10 YoY 4Q11 3Q11 QoQ Data 319.4 323.4 -1.2% 319.4 322.9 -1.1% Other service 1,158.7 283.0 309.4% 1,158.7 378.0 206.6% Sales of merch. 1,192.4 992.9 20.1% 1,192.4 877.7 35.8% Other op. rev 396.5 66.6 495.5% 396.5 65.2 508.5% Details of Other Service (unit: bn KRW) 4Q10 3Q11 4Q11 QoQ YoY Real estate 77.9 90.1 45.2 -49.8% -41.9% Others of others 205.2 287.9 1,113.5 286.8% 442.7% SI 99.6 59.8 81.6 36.5% -18.1% Financial income 48.8 47.5 825.5 1639.5% 1593.0% Security 24.7 24.9 23.7 -4.8% -4.0% Music/Film 7.4 5.5 7.7 38.9% 3.3% Advertisement 15.0 13.5 -1.8 -113.6% -112.2% Others 9.7 136.6 176.8 29.4% 1732.1% Other service 283.0 378.0 1,158.7 206.6% 309.4% K-IFRS / Consolidated II. Business Overview 4. Other Services Other Service Revenue • Real estate: Revenue decreased QoQ, due to base effect of development income in the previous quarter • Others of others: Increased 287% QoQ due to addition of new subsidiaries such as BC Card ? Newly added revenues in 4Q11: KRW 807.9bn from BC Card and KRW 123.9bn from kt Skylife Sales of Merchandise • With more smartphone launched in 4Q, premium handset sales led to 35.8% increase QoQ Other Operating Revenue • Real estate sales through ABS resulted in disposal gain of KRW 295.8bn
II. Business Overview 5. Operating Expense K-IFRS / Consolidated (unit: bn KRW) 4Q11 4Q10 YoY 4Q11 3Q11 QoQ Labor expense 748.1 653.1 14.5% 748.1 700.6 6.8% General expense 2,545.0 1,606.1 58.5% 2,545.0 1,628.6 56.3% Cost of service provided 724.4 700.4 3.4% 724.4 713.9 1.5% Cost of merchandise sold 1,268.0 1,126.0 12.6% 1,268.0 914.2 38.7% Selling expense 487.8 511.8 -4.7% 487.8 442.8 10.2% Other op. expense 318.2 171.4 85.7% 318.2 75.8 319.8% Operating expense 6,091.4 4,768.9 27.7% 6,091.4 4,475.8 36.1% Breakdown of Main Expenses (unit: bn KRW) 4Q10 3Q11 4Q11 QoQ YoY General exp. 1,606.1 1,628.6 2,545.0 56.3% 58.5% —Depreciation 693.5 751.0 742.7 -1.1% 7.1% —Commissions 330.0 348.8 417.3 19.6% 26.5% —Advertising 48.0 40.2 63.2 57.3% 31.7% —Others 534.7 488.7 1,321.7 170.5% 147.2% Cost of service provided 700.4 713.9 724.4 1.5% 3.4% —Cost of service 323.4 327.3 360.8 10.2% 11.5% —Interconnection 299.4 273.4 272.7 -0.2% -8.9% —Others 77.6 113.2 90.9 -19.7% 17.1% * Marketing expenses 478.7 443.4 547.9 23.6% 14.5% —Sales expenses 430.7 403.3 484.7 20.2% 12.5% —Advertising 48.0 40.2 63.2 57.3% 31.7% Labor Expense • With BC Card in the consolidated F/S, labor expense increased 6.8% QoQ • YoY labor expense increased as BC Card and kt Skylife were consolidated in the F/S General Expense • Commissions: As receivables on handset installment sales increased, present value discount account also increased • Advertising: Introduction of new products led to advertising expenses increase Cost of Merchandise Sold : Increased from expanding subscribers and higher smartphone user portion Other Operating Expense • Included 2G migration related expenses, such as repair, maintenance and network removal
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Appendix I. Financial Highlights (Consolidated) II. Business Overview (Consolidated) III. Appendix 1. Income Statement (Consolidated/Separate) 2. Statement of Financial Position (Consolidated/Separate) 3. Factsheet (KT Only)
Appendix K-IFRS Income Statement – Quarterly (Unit: bn KRW) [Consolidated I/S] 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Operating revenue 4,955 4,950 5,320 5,114 5,276 5,343 4,992 6,379 Wireless service revenue 1,712 1,786 1,795 1,761 1,738 1,774 1,735 1,719 Telephone service revenue 1,110 1,116 1,070 1,039 981 954 946 930 Internet service revenue 606 627 631 648 639 660 667 664 Data service revenue 324 329 322 323 308 322 323 319 Other service revenue 393 246 293 283 305 363 378 1,159 Sales of merchandise 735 762 1,104 993 1,072 1,186 878 1,192 Other operating revenue 75 83 105 67 235 83 65 397 Operating expense 4,515 4,275 4,729 4,769 4,555 4,910 4,476 6,091 Labor expense 652 654 634 653 684 724 701 748 General expense 1,839 1,520 1,519 1,606 1,514 1,599 1,629 2,545 Depreciation 1,052 691 672 694 722 741 751 743 Commissions 306 330 326 330 321 365 349 417 Advertising 45 49 40 48 39 42 40 63 Other general expense 435 450 483 535 432 451 489 1,322 Cost of service provided 592 623 651 700 630 768 714 724 Cost of service 199 247 239 323 275 382 327 361 Interconnection expense 299 313 314 299 284 285 273 273 Other cost of service 94 64 98 78 71 101 113 91 Cost of merchandise sold 866 898 1,180 1,126 1,116 1,222 914 1,268 Selling expense 494 506 594 512 567 512 443 488 Sales exp. 464 467 549 431 507 472 403 485 Bad debt expense 31 38 46 81 60 40 40 3 Other operating exp. 73 74 150 171 45 85 76 318 Operating income 440 675 591 345 721 432 516 288 Financial income (loss) -69 -118 -43 -97 -61 -72 -153 -91 Financial income 136 41 12 51 131 112 28 -3 Financial expense 208 177 71 143 197 199 187 57 Income (loss) on equity method 3 18 17 -6 5 15 7 -30 Income before income taxes 371 557 548 249 660 361 364 197 Income tax 77 133 126 67 109 102 108 -9 Income (loss) from Continued ope 294 424 423 179 551 259 256 206 rations Income (loss) from Discontinued o 7 -4 8 8 4 162 0 5 perations Net income 301 420 431 187 555 421 256 211 Net income attributable to KT 293 416 425 187 550 418 252 218 (Unit: bn KRW) [KT Stand alone I/S] 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Operating revenue 4,895 4,834 5,109 5,081 4,863 5,333 4,705 5,266 Wireless service revenue 1,691 1,768 1,776 1,745 1,727 1,750 1,712 1,693 Telephone service revenue 1,107 1,113 1,069 1,033 977 953 947 932 Internet service revenue 582 609 610 624 627 643 654 647 Data service revenue 329 332 326 327 326 340 340 337 Other service revenue 310 118 171 156 71 122 149 113 Sales of merchandise 794 796 1,054 1,112 1,088 1,190 843 1,143 Other operating revenue 82 98 103 84 48 335 60 401 Operating expense 4,466 4,155 4,537 4,726 4,338 4,671 4,199 4,932 Labor expense 571 574 553 557 585 624 585 591 General expense 1,776 1,459 1,452 1,596 1,438 1,515 1,537 1,715 Depreciation 1,036 674 654 676 693 708 717 720 Commissions 315 337 332 371 335 376 360 415 Advertising 41 44 37 43 33 38 36 58 Other general expense 385 405 429 505 377 394 424 521 Cost of service provided 568 580 609 616 530 609 585 576 Cost of service 176 204 198 239 176 224 199 213 Interconnection expense 298 313 313 298 284 285 272 272 Other cost of service 94 63 98 78 71 101 114 91 Cost of merchandise sold 956 953 1,147 1,233 1,162 1,276 932 1,242 Selling expense 525 513 627 566 581 557 483 546 Sales exp. 500 488 598 500 538 526 452 548 Bad debt expense 25 26 29 66 43 31 31 -2 Other operating exp. 71 77 149 159 41 90 75 261 Operating income 429 678 572 355 525 661 506 333 Financial income (loss) -74 -139 -60 -90 -65 -87 -156 -60 Financial income 132 37 9 48 125 106 22 -10 Financial expense 206 176 69 138 191 193 178 50 Income before income taxes 355 539 512 265 460 575 351 273 Income tax 74 131 119 73 105 147 98 19 Net income 280 408 393 191 354 428 253 254
(Unit: bn KRW) [Consolidated I/S] FY2010 FY2011 YoY Operating revenue 20,339 21,990 8.1% Wireless service revenue 7,054 6,965 -1.3% Telephone service revenue 4,335 3,811 -12.1% Internet service revenue 2,512 2,629 4.6% Data service revenue 1,298 1,272 -2.0% Other service revenue 1,216 2,204 81.2% Sales of merchandise 3,594 4,328 20.4% Other operating revenue 330 780 136.5% Operating expense 18,288 20,033 9.5% Labor expense 2,593 2,856 10.1% General expense 6,484 7,287 12.4% Depreciation 3,108 2,956 -4.9% Commissions 1,292 1,453 12.5% Advertising 182 185 1.6% Other general expense 1,902 2,693 41.6% Cost of service provided 2,567 2,836 10.5% Cost of service 1,008 1,345 33.4% Interconnection expense 1,226 1,116 -9.0% Other cost of service 333 376 12.7% Cost of merchandise sold 4,071 4,521 11.1% Selling expense 2,106 2,009 -4.6% Sales exp. 1,910 1,866 -2.3% Bad debt expense 196 143 -27.0% Other operating exp. 468 524 12.0% Operating income 2,051 1,957 -4.5% Financial income (loss) -327 -376 15.1% Financial income 240 267 11.6% Financial expense 599 640 6.9% Income (loss) on equity method 33 -3 -109.3% Income before income taxes 1,724 1,582 -8.3% Income tax 402 310 -22.8% Income (loss) from Continued operations 1,320 1,271 -3.7% Income (loss) from Discontinued operation 18 171 842.9% s Net income 1,338 1,442 7.8% Net income attributable to KT 1,321 1,437 8.8% (Unit: bn KRW) [KT Stand alone I/S] FY2010 FY2011 YoY Operating revenue 19,918 20,167 1.2% Wireless service revenue 6,980 6,881 -1.4% Telephone service revenue 4,322 3,809 -11.9% Internet service revenue 2,424 2,572 6.1% Data service revenue 1,314 1,343 2.2% Other service revenue 756 454 -39.9% Sales of merchandise 3,755 4,264 13.5% Other operating revenue 367 843 129.9% Operating expense 17,885 18,141 1.4% Labor expense 2,255 2,386 5.8% General expense 6,283 6,205 -1.2% Depreciation 3,039 2,838 -6.6% Commissions 1,355 1,485 9.6% Advertising 164 165 0.5% Other general expense 1,724 1,717 -0.4% Cost of service provided 2,372 2,301 -3.0% Cost of service 817 811 -0.7% Interconnection expense 1,222 1,113 -9.0% Other cost of service 333 377 13.3% Cost of merchandise sold 4,288 4,613 7.6% Selling expense 2,231 2,168 -2.8% Sales exp. 2,085 2,065 -1.0% Bad debt expense 146 103 -29.4% Other operating exp. 456 468 2.6% Operating income 2,034 2,026 -0.4% Financial income (loss) -363 -368 1.2% Financial income 226 244 8.0% Financial expense 589 611 3.8% Income before income taxes 1,670 1,658 -0.7% Income tax 398 369 -7.2% Net income 1,272 1,289 1.3% Appendix K-IFRS Income Statement – Yearly
Appendix K-IFRS Statement of Financial Position (Unit: bn KRW) Consolidated 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Asset 26,220 26,693 27,134 26,942 28,198 29,080 29,473 32,077 Current assets 7,342 7,832 8,350 7,497 7,958 8,182 8,434 9,791 Cash and cash equivalents 1,148 1,740 1,803 1,162 1,141 1,118 1,246 1,445 Trade & other cur. Rec. 4,067 3,999 4,156 4,171 4,542 4,764 4,887 5,298 Inventories 729 608 650 711 737 729 646 675 Other current assets 1,398 1,485 1,742 1,454 1,538 1,572 1,655 2,373 Non-current assets 18,878 18,860 18,784 19,444 20,241 20,898 21,038 22,287 Trade & other non-c. Rec. 875 920 945 1,148 1,308 1,411 1,401 1,723 P.P.E 13,225 13,089 13,095 13,398 13,556 13,582 13,724 14,009 Other non-current assets 4,779 4,851 4,744 4,899 5,376 5,904 5,914 6,555 Liabilities 15,686 15,742 15,785 15,588 16,635 17,079 17,234 19,549 Current liabilities 7,615 7,845 8,016 7,885 8,000 8,397 7,731 8,745 Trade & other cur. Pay. 4,325 4,009 4,198 4,415 4,642 4,647 4,074 5,892 Short-term borrowings 2,723 3,151 3,081 2,722 2,605 3,034 3,034 2,112 Other current liabilities 567 685 737 747 753 716 623 740 Non-current liabilities 8,071 7,896 7,768 7,703 8,635 8,682 9,503 10,805 Trade & other non-c. Pay. 169 192 266 382 381 651 655 652 Long-term borrowings 7,465 7,197 6,947 6,660 7,489 7,130 7,988 8,886 Other non-cur. liabilities 437 507 555 661 765 900 860 1,267 Equity 10,535 10,951 11,349 11,354 11,563 12,001 12,239 12,528 (Unit: bn KRW) KT Stand Alone 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Asset 23,696 24,239 24,510 24,345 24,731 25,509 25,791 26,454 Current assets 5,711 6,284 6,599 5,800 5,905 6,172 6,218 6,376 Cash and cash equivalents 896 1,527 1,572 901 804 874 891 790 Trade & other cur. Rec. 3,883 3,812 3,957 3,945 4,217 4,426 4,517 4,832 Inventories 576 473 531 593 606 596 487 514 Other current assets 356 472 539 360 278 276 323 239 Non-current assets 17,985 17,955 17,911 18,545 18,825 19,337 19,573 20,078 Trade & other non-c. Rec. 753 807 846 1,038 1,167 1,298 1,297 1,608 P.P.E 12,708 12,648 12,652 12,957 12,963 13,100 13,224 13,305 Other non-current assets 4,524 4,500 4,414 4,550 4,696 4,939 5,052 5,165 Liabilities 13,401 13,545 13,442 13,254 13,839 14,192 14,242 14,720 Current liabilities 6,367 6,697 6,919 6,842 6,723 7,003 6,238 6,036 Trade & other cur. Pay. 3,730 3,935 4,128 4,295 3,764 4,371 3,878 4,425 Short-term borrowings 1,672 2,205 2,184 1,940 1,773 2,073 1,904 1,086 Other current liabilities 965 557 607 606 1,187 560 456 524 Non-current liabilities 7,034 6,848 6,523 6,412 7,116 7,189 8,004 8,684 Trade & other non-c. Pay. 107 105 167 266 287 597 604 597 Long-term borrowings 6,514 6,301 5,875 5,557 6,178 5,915 6,763 7,415 Other non-cur. liabilities 413 441 480 589 651 677 637 672 Equity 10,296 10,695 11,068 11,091 10,892 11,317 11,549 11,734
Appendix Factsheet (KT Only) • Wireless 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 4Q 11 QoQ YoY Total Wireless Subscribers 15,679 15,928 16,179 16,417 16,726 16,776 17,042 17,307 1.6% 5.4% CDMA 2,411 2,012 1,641 1,393 1,105 533 293 100 -65.9% -92.8% WCDMA 12,957 13,582 14,190 14,648 15,194 15,763 16,099 16,463 2.3% 12.4% WiBro 311 334 348 377 427 480 651 744 14.3% 97.4% Mobile Subscribers (*1,000) Gross addition 1,855 1,752 2,037 1,636 1,684 1,861 1,621 1,808 11.6% 10.5% Deactivation 1,503 1,526 1,800 1,427 1,426 1,864 1,526 1,636 7.2% 14.6% Net addition 352 226 237 209 258 -3 95 172 81.0% -17.8% Churn rate (%) 2.9% 3.0% 3.5% 2.9% 2.8% 3.4% 2.9% 3.1% 0.2%p 0.2%p Subscribers 15,368 15,594 15,831 16,041 16,299 16,296 16,391 16,563 1.0% 3.3% ? Mobile: CDMA+WCDMA Mobile ARPU (Won) Voice 23,882 24,101 23,527 22,457 20,424 19,689 18,155 16,574 -8.7% -26.2% Mobile data 7,384 7,785 8,031 8,824 9,823 10,489 11,454 12,252 7.0% 38.8% Interconnection 4,743 4,921 4,957 3,743 4,014 4,118 3,961 3,943 -0.5% 5.3% Excl. Interconnection 31,267 31,885 31,559 31,281 30,247 30,178 29,609 28,826 -2.6% -7.8% Incl. interconnection 36,010 36,807 36,515 35,024 34,261 34,296 33,570 32,768 -2.4% -6.4% ? ARPU: CDMA+WCDMA subscribers • Wireline 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 QoQ YoY Subscribers (*1,000) Telephony 19,586 19,477 19,432 19,359 19,386 19,272 19,227 19,159 -0.4% -1.0% PSTN 17,614 17,255 16,942 16,635 16,453 16,234 16,071 15,929 -0.9% -4.2% VoIP 1,972 2,222 2,490 2,724 2,932 3,038 3,156 3,230 2.3% 18.6% Broadband 7,090 7,189 7,315 7,424 7,552 7,629 7,724 7,823 1.3% 5.4% IPTV 1,312 1,569 1,790 2,085 2,393 2,622 2,842 3,076 8.2% 47.5%