investor presentationasiasat.com/sites/default/files/investor presentation - april 2016_0.pdf ·...
TRANSCRIPT
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Investor Presentation
April 2016
AsiaSat Proprietary and Confidential
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Satellite 101 (Overview)
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Types of Satellites
3
• Communications, Weather, Imaging, Data Relay, Spy,
Navigation (GPS)
• Orbits
Low Earth Orbit – LEO – 700-2000Km above earth
Mid Earth Orbit – MEO – 8000-20000Km above earth
Geostationary Orbit – GEO - approx. 36000Km above
earth’s equator
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GEO Stationary Satellites
4
Earth
Sun Light
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Satellite Operation
5
From an Operation’s Point of View the satellite is required to maintain its
footprint over the designated coverage area.
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Satellite Frequencies
6
C-band • 3-8 GHz
• Lower Power
• Used for wider coverage, less loss
Ku-band • 10-18 GHz
• Higher Power
• Used for smaller coverage, high loss
Ka-band • 26-40 GHz
• Very High Power
• Small spot beam coverage, very high loss
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AsiaSat Satellites
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8
AsiaSat’s In-orbit Satellite Fleet (1)
AsiaSat 3S
122˚E 11 Apr 2003 28 C + 20 Ku
AsiaSat 4
Fleet of 6 in-orbit satellites & 1 under construction providing
instantaneous access to two-thirds of the world’s population
100.5˚E 12 Aug 2009 26 C + 14 Ku
AsiaSat 5
Nominal Orbital Location Launch Date Payload
(Generating revenue 21 Mar 1999 28 C + 16 Ku
at other slot)
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9
AsiaSat’s In-orbit Satellite Fleet (2)
AsiaSat 6
AsiaSat 7
105.5˚E 5 Aug 2014 24 Ku + Ka
(Co-locate with AsiaSat 7)
AsiaSat 8
122˚E 2017 (Planned) 28 C + 32 Ku + Ka
(Under construction, to replace AsiaSat 4) (AsiaSat 4’s replacement) AsiaSat 9
Nominal Orbital Location Launch Date Payload
105.5˚E 26 Nov 2011 28 C + 17 Ku + Ka
120˚E 7 Sep 2014 28 C
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AsiaSat Fleet C-band Coverage
10
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AsiaSat Fleet Ku-band Coverage
11
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AsiaSat 9
12
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AsiaSat 6
13
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Our Company and What We Do
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AsiaSat Introduction
15
Vision Statement
“To be the foremost satellite solutions provider in Asia and the
instinctive and desired partner of choice”
Asia Satellite Telecommunications Company Limited (AsiaSat)
• Owns and operates communications satellites
• Offices - Hong Kong (Wanchai, Tai Po) & Beijing
• Employees: about 130
• Provides capacity to Broadcast and Telecom clients
• Serving 2/3 of the world’s population with our satellite fleet
• Prominent global and regional customer base: Turner, News Corp, ZEE,
CCTV, China Telecom, Panasonic Avionics…
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AsiaSat Shareholding
16
CITIC Group Corporation (PRC)
Carlyle Asia (USA)
Bowenvale Ltd. (BVI) Public
Asia Satellite Telecommunications Holdings Limited (Incorporated in Bermuda)
50.5% 49.5%
74.43% 25.57%
AsiaSat BVI Limited (Incorporated in BVI)
100%
100%
37.6% 36.8%
Asia Satellite Telecommunications Company Limited (Incorporated in Hong Kong)
Borrower
Listed on HKSE
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Sources of Revenue
17
Business Segment 2015
Video Distribution 57%
Telecom/Broadband Distribution 43%
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What We Do – Video Services
18
Video Contribution Video Distribution
Content delivery to end users, directly or indirectly
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Broadcast and Video Distribution
19
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What We Do – Telecom Networks
VSAT services Backhaul
Component of Telecoms infrastructure
20
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World-class service quality and reliability from
Tai Po Earth Station in Hong Kong
AsiaSat Tai Po Earth Station
• Downlink, turnaround and uplink
• Fibre connectivity
• Full transponder DVB-S2/S MCPC platform
• Encryption
• Equipment hosting
• Playout service
• Broadway® Internet connectivity service
• 24/7 broadcast and operations centre
• Satellite carrier monitoring
• Disaster recovery facilities
• Occasional use and SNG services
• Satellite transfer orbit service
AsiaSat’s Teleport Services
21
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22
Financial Summary
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2015 Results Highlight
23
(HK$M) 2015
Turnover 1,311
EBITDA 1,058
EBITDA Margin 81%
Net Income 440
Cash Balance 238
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AsiaSat – Financials
-
500.0
1,000.0
1,500.0
2,000.0
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
1,456.2
1,718.2
1,884.9
1,498.6
1,364.9 1,311.0
HK$M
Turnover for the Year
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25
AsiaSat – Financials
-
500.0
1,000.0
1,500.0
2,000.0
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
241.8 234.1
508.0
254.8 211.0 200.6
181.0 231.1
258.6
298.6 290.4 289.6
1,033.4
1,253.0
1,118.3
945.2
863.5 820.8
HK$M
Turnover for the Year
Hong Kong Greater China Other Regions
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26
AsiaSat – Financials
-
400.0
800.0
1,200.0
1,600.0
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
1,143.6
1,343.0
1,556.5
1,307.8
1,104.5 1,058.4
HK$M
EBITDA for the Year
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27
AsiaSat – Financials
-
200.0
400.0
600.0
800.0
1,000.0
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
694.6
822.7
914.5
747.6
559.1
439.8
HK$M
Net Profit for the Year
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28
AsiaSat – Financials
-
5.00
10.00
15.00
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
0.53 0.08
1.92
2.42
0.57
12.07
HK$
Dividends for the Year
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29
AsiaSat – Financials
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
73.3%
81.7% 79.2%
73.7% 75.4% 72.3%
Satellite Utilisation at Year End
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30
AsiaSat – Financials
0.0
100.0
200.0
300.0
400.0
500.0
600.0
31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015
410.8
358.8
470.3 457.2
409.4 411.7
34.0
36.4
34.3 32.5
41.1 39.2
US$M Backlog Revenue at Year End
PRC
Non-PRC
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Thank You – Questions
12/f Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong
www.asiasat.com