1. 2009 Annual Report 26 March 2010

2. 2  Financial Highlights  Updates on Operation

3. Financial Highlights

4. 4 2009 (HK$ M.) 2008 (HK$ M.) Turnover 578.1403.7 Profit Attributable to Equity Shareholders 254.1 49.6 Annual Results

5. 5 Turnover Breakdown by Business

6. 6 Turnover Breakdown by Region

7. 7 2009 (HK$ M) 2008 (HK$ M) Turnover578.1403.7 Cost of Services(322.0)(277.6) Gross Profit256.1126.1 Other net income35.568.9 Administrative expenses(80.7)(84.9) Valuation losses on investment properties (0.3)- Impairment Loss recognised in respect of property, plant and equipment -(8.4) Consolidated Income Statement (1)

8. 8 2009 (HK$ M) 2008 (HK$ M) Profit from operations210.6101.7 Finance costs(4.8)(24.8) Share of results of jointly controlled entities-2.4 Gain on disposal of a subsidiary-3.2 Gain on disposal of a jointly controlled entity-9.6 Gain from liquidation of a subsidiary6.1- Profit before taxation211.992.1 Income tax credit/(expense)42.2(42.6) Profit for the year254.149.5 Minority interest-(0.1) Profit attributable to shareholders254.149.6 Earning per share – Basic (HK cents)61.4812.00 Consolidated Income Statement (2)

9. 9 Expenses Breakdown

10. 10 Cost of Service Breakdown

11. 11 Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization, impairment loss and share of results of jointly controlled entities as a percentage of turnover. EBITDA Margins

12. 12 Assets & Liabilities HK$ Million  Total Assets3,119  Total Liabilities829 (As at 31 December 2009)

13. 13 Gearing

14. 14 Cash  Free Cash:HK$276 million  Pledged Deposit :HK$8 million (As at 31 December 2009)

15. Updates on APT’s Operations

16. 16 Transponder Utilization Rates 31 Dec 0931 Dec 08 APSTAR 671%72% APSTAR 5 (APT’s transponders) 81%83% APSTAR 2R87%-

17. 17  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 APSTAR 5

18. 18 APSTAR 6  Thales Alenia Space (formerly known as Alcatel Space) SB4100C1  High-power satellite with 38 C-band and 12 Ku-band  Started commercial operation on June 7, 2005  Operation mission life over 15 years  Maintained high utilization rate with further growth potential

19. 19 APSTAR 2R  Built on SS/L FS1300 and commenced operation in November 1997 with 15 years life  APT terminated the Lease Agreement with Telesat on 9 July 2009 and took up 43 transponders with corresponding customer contracts  The C-band transponders cover Europe, Asia, Africa, and Australia, approximately 75% of the world’s population and Ku-band transponders mainly cover China  High filling rate for C transponders

20. 20 New Satellite – APSTAR 7  APSTAR 7 was signed on 29 Sept 2009 with Thales Alenia Space France  Launch Service Contract was signed on 8 Nov 2009 with China Great Wall  Based on Spacebus 4000 platform, to be located at same orbital slot with 28 C and 28 Ku transponders  Scheduled to be launched in Q1 2012 to replace APSTAR 2R

21. 21 Satellite TV Broadcasting Platform APT Satellite TV Development Ltd. (A Subsidiary)  Successfully established a satellite TV uplink and broadcasting services platform for broadcasting services  APT TV obtained Non-domestic Television Programme Service Licence in February 2010 for the TV programme services  Continue to expand satellite TV uplink and programme services for value-added services

22. APT Telecom Services Limited （ a subsidiary)  Provides VSAT and teleport uplink services to Hong Kong and Asian telecom users including satellite operators, telcos & ISPs  Provides two-way satellite internet services and teleport uplink services including uplink services Satellite-based Telecommunications Service

23. Data Centre  Disposed APT Satellite Telecommunication Ltd., which provide Data Centre Business with its Telepark  Continue to provide Data Centre business in Tower 2 with cooperation with internationally renowned IT firm for an airliner of Hong Kong  Support broadcasting and telecom services of the Group  Additional Revenue started in 2H 2009  Future growth potential

24. Business Outlook Business environment has improved due to economic recovery Market competition still be fierce Demand for transponders and services will grow APT will leverage the increase in business growth from APSTAR 2R and better competitive edges

25. APT Satellite Holdings Limited www.apstar.com