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1
2010 Interim Results
24 August 2010
2
Financial Highlights Operations ReviewBusiness Outlook
3
1H/2010
(HK$ M)
1H / 2009(HK$ M)
Turnover 363.2 229.5
Profit Attributable
to Equity
Shareholders
97.5 52.8
Interim Results Interim Results
4
34%
60%
6%
33%
64%
3%
0%
20%
40%
60%
80%
100%
1H/2009 1H/2010
BroadcastingTelecomOther
55
24%
10%12%
20%
34%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
China HK Singapore Indonesia Others
1H/2009 1H/2010
33%
13%16%
22%
16%
6
1H/2010
(HK$ M)
1H/2009
(HK$ M)
Turnover 363.2 229.5
Cost of Services (189.9) (132.9)
Gross Profit 173.3 96.6
Other net income 3.0 7.3
Valuation gains/(losses) on Investment Properties
0.1 (0.2)
Administrative Expenses (39.3) (34.2)
Profit from Operations 137.1 69.5
7
1H/2010
(HK$ M)
1H/2009
(HK$ M)
Profit from Operations 137.1 69.5
Finance costs (3.7) -
Profit before taxation 133.4 69.5
Income tax (35.9) (16.7)
Profit after taxation 97.5 52.8
Attributable to:
Equity shareholders of the Company 97.5 52.8
Earnings per share – Basic (HK cents) 23.57 12.78
Earnings per share – Diluted (HK cents) 23.56 12.78
8
80% 81%
20%17%
0% 2%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Cost of Services Admin. Exp. Finance Cost
1H/2009
1H/2010
9
77%
86%
14%9% 8%
4% 1% 1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Depreciation Insurance Licence & OrbitSlot Fees
Satellite-basedTelecom
1H/2009
1H/2010
10
72%82%
0%
20%
40%
60%
80%
100%
1H/2009 1H/2010
Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization and impairment loss as a percentage of turnover.
1111
30 Jun 2010 30 Jun 2009
APSTAR 6 76% 70.3%
APSTAR 5
(APT’s transponders)
78% 80.6%
APSTAR 2R 82% N/A
1212
SS/L FS1300
Commenced operation in August 2004
APT keeps 20 C & 9 Ku Transponders
The mission life is about 15 years
Maintained high utilization rate with further increase potential
1313
APSTAR 6 APSTAR 6 Thales Alenia Space (formerly known as
Alcatel Space) Spacebus4100C1
High-power satellite with 38 C-band and 12 Ku-band
Started commercial operation in June 2005
Operation mission life over 15 years
Maintained high utilization rate with further growth potential
1414
Built on SS/L FS1300 and commenced operation in November1997 with 15 years life
APT terminated the Lease Agreement with Telesat on 9 July 2009 and took up 43 transponders with reputable customers
The C-band transponders cover Europe, Asia, Africa, and Australia, approx. 75% of the world’s population
High filling rate for C transponders with strong income stream
1515
Satellite Procurement Contract was signed on 29 Sept 2009 with Thales Alenia Space France (“TASF”)
Launch Service Contract was signed on 8 Nov 2009 with China Great Wall Industry Corporation (“CGWIC”)
Based on Spacebus 4000 C2 platform, to be located at same orbital slot as APSTAR 2R with 28 C and 28 Ku transponders
Scheduled to be launched in Q1 2012 to replace APSTAR 2R
16
As a back up satellite of APSTAR 7, signed with TASF and CGWIC in April 2010
Based on Spacebus 4000 C2 platform with 28 C and 23 Ku transponders
Scheduled to be delivered in Q2 2012 in the event of launch failure of APSTAR 7
Transferred to China Satellite Communications Co. Ltd. (“CSCC”) under Cooperation Agreement in case APSTAR 7 is successful
16
1717
Satellite TV Broadcasting Services APT Satellite TV Development Ltd. (A
subsidiary)
Satellite-based Telecommunications Services
APT Telecom Services Limited ( A subsidiary)
Data Centre Services
18
Improved business environment
Fierce market competition
Growing demand for transponders and services
Business growth due to APSTAR 2R/7 with increase of transponder capacities and better competitive edges
19
APT Satellite Holdings
Limited
www.apstar.com