1. 2013 Annual Report
24 March 2014

2. Agenda
Financial Highlights
Operations Review
Business Prospects

3. Financial Highlights

4. Annual Results (1)

5. Profit Attributable to Equity Shareholders
Annual Results (2)
2013
(HK$ M)
2012
Turnover
1,138.1
900.6
Profit Attributable to Equity Shareholders
545.5
354.4

6. Turnover Breakdown by Business

7. Turnover Breakdown by Region7

8. Consolidated Income Statement (1)
2013
(HK$’000)
2012
Turnover
1,138,055
900,611
Cost of services
(408,075)
(372,363)
Gross profit
729,980
528,248
Other net income
43,119
25,515
Valuation gain on investment property
1,568
896
Administrative expenses
(133,578)
(114,779)
Profit from operations
641,089
439,880

9. Consolidated Income Statement (2)
2013
(HK$’000)
2012
Profit from operations
641,089
439,880
Fair value changes on financial instrument designated at fair value through profit or loss
34,470
(34,211)
Finance costs
(27,928)
(21,250)
Profit before taxation
647,631
384,419
Income tax
(102,160)
(29,984)
Profit after taxation
545,471
354,435

10. EBITDA Margins
Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization, impairment loss and fair value changes on financial instrument as a percentage of turnover.

11. Net Worth/ Share

12. Assets & Liabilities 2013 (HK$ Million) 2012 Total Assets 5,546 5,028
Total Liabilities
1,970
1,941
(As at 31 December)

13. Gearing

14. Cash 2013 (HK$ Million) 2012 Free cash 1,549 729 Pledged deposits 1657
(As at 31 December)

15. Capital Commitment 2013 (HK$’000) 2012 Contracted for *
1,653,799
14,091
Authorised but not contracted for -
4,740
18,831
(As at 31 December)
* including APSTAR 9 Satellite contract

16. Operations Review

17. Transponder Utilization Rates
2012
2013
APSTAR 5
(29 transponders)
74.2%
85.5%
APSTAR 6
80.4%
90.9%
APSTAR 7
74.6%
70.4%

18. Satellite under Construction – APSTAR 9
China Aerospace DFH-4 platform, to be launched around Q4 of 2015
Located at 142⁰E orbital slot with 32 C and 14 Ku transponders
Broad coverage for entire Asia and pacific island countries to meet requirement in broadcasting section for emerging market
One of the highest C-band performance in East Asia region
Sophisticated Ku-band coverage in East India Ocean to West Pacific ocean region, to address increasing demand in maritime and in-flight connectivity

19. APSTAR 9A Lease certain transponders of Chinasat 5A from China Satcom
Located at 142⁰E orbital slot, and was renamed as APSTAR 9A
Develop customer base for APSTAR 9 Satellite

20. APSTAR 7
High power geostationary telecommunication satellite based on SpaceBus 4000 C2 platform of Thales Alenia Space
Launched in 31 March 2012 with mission life of 18.5 years, located at 76.5 ⁰E orbital slot
28 C-band and 28 Ku-band transponders
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

21. APSTAR 7B / Chinasat 12 - Assigned
Based on SpaceBus 4000 C2 platform of Thales Alenia Space with 28 C-band and 23 Ku-band transponders
Transferred to China Satcom
Additional transponder capacities for future business growth potential

22. APSTAR 6
High power geostationary telecommunication satellite based on a SpaceBus 4000 C1 platform of Thales Alenia Space
Launched in April 2005, positioned at 134⁰E orbital slot
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

23. APSTAR 5
High power geostationary telecommunication satellite based on FS1300 made by SS/L of USA
Launched in June 2004, positioned 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

24. Customer Services Satellite TV Broadcasting Services
APT Satellite TV Development Ltd. for Satelite TV Service under Non-Domestic Television Programme Licence
Satellite-based Telecommunications Services
APT Telecom Services Limited for satellite telecom services under Fixed Carrier Licence
Data Centre Services
APT Datamatrix Limited for data centre services in its existing facilities.

25. Business Prospects

26. Business Prospects
Supply of transponders will increase rapidly in the Asia Pacific Region, Middle East and African region. The market competition of the satellite industry will become very fierce with price pressure
Transponder utilisation rates of the Group’s satellites will be maintained at a high level and will achieve satisfactory revenue and profit
Various value- added services in TV broadcasting services, telecommunication services and data centre services will boost business growth

27. TT&C
APT Satellite Holdings Limited
Satellite Control