2005AnnualResults

1
2005 Annual Results
10 April, 2006
2
Agenda

• Financial Highlights
• Updates on Operations
• Business Outlook

3
Financial Highlights
2 0 0 5 A n n u a l R e s u l t s
4
Results for the Year 2005
5
Turnover Breakdown by Business
6
Turnover Breakdown by Region
7
Consolidated Income Statement (1)
8
Consolidated Income Statement (2)
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Expenses Breakdown
10
Cost of Service Breakdown
11
EBITDA Margins
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.
12
Transponder Utilization Rates
13
Asset Liabilities
As at 31 December 2005
14
Gearing
15
CAPEX

• 2005 HK581 million
• 2006 HK18 million

16
Cash

• Free Cash HK326 million
• Pledged deposit HK69million
• (As at 31 December 2005)

17
Updates on APTs Operations
2 0 0 5 A n n u a l R e s u l t s
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Principle Shareholders
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APSTAR V

• SS/L FS1300
• Commenced operation in August 2004
• APT has taken up 25 C 12 Ku
• Utilization rates 68.5

20
APSTAR V

• C-band cover Asia, Australia, New Zealand,
  Pacific Islands and Hawaii
• Ku-band cover Mainland China, India, Taiwan,
  Hong Kong and Korea

21
APSTAR V

• The mission life is over 15.3 years
• Provides versatile services including DTH,
  internet, VSAT services in the region with
  interconnection to USA.

22
APSTAR VI

• Alcatel SB4100C1
• High-power satellite with 38 C-band and 12 Ku-band

23
APSTAR VI

• Successfully launched on April 12, 2005
• Completed IOT Test and started commercial
  operation on June 7, 2005
• Operation mission life over 15 years

24
APSTAR VI

• Asia Pacific footprints including Hawaii
• Customers migrated from APSTAR IA successfully
• Utilization rate 45.0

25
APSTAR I IA

• APSTAR I IA were re-located to another orbital
  slots
• Continues to contribute to the Groups revenue
  and profit

26
Strategic Alliance with Intelsat

• Signed with Intelsat in December 2005
• Expand business with combined satellite
  capacities and ground resources
• Provide broadcasting, telecom uplink services
• Explore additional growth potential in IPTV,
  uplink services in Asia Pacific region

27
Satellite TV Broadcasting Platform

• APT Satellite TV Development Ltd. (A subsidiary)
• Successfully established a satellite TV uplink
  and broadcasting services platform for
  broadcasting services under the Satellite TV
  Uplink and Downlink Licence of Hong Kong SAR
• As at December 31, 2005,
  the Broadcasting
  Platform
  uplinks and broadcasts up
  to 53 satellite TV
  channels
  for a number of customers.

28
Satellite-basedTelecommunications Service
Satellite-basedTelecommunications Service

• APT Telecom Services Limited(a subsidiary)
• Provides VSAT, wholesales voice services,
  facilities management services and teleport
  uplink services to Hong Kong and Asian telecom
  users including satellite operators, telcos, ISPs
  wholesale voice players
• Provides two-way satellite internet services and
  teleport uplink services

2 0 0 5 A n n u a l R e s u l t s
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Data Centre Business

• APT Satellite Telecommunication Ltd., a jointly
  controlled entity.
• Provide Data Centre Business with its Telepark
• Total floor area 16,890 sq. m.
• Support broadcasting and telecom services of the
  Group
• Actively discussing with potential customers

2 0 0 5 A n n u a l R e s u l t s
30
Corporate Governance

• Substantially met the Code Provisions of the Code
  on Corporate Governance Practices as required by
  the Listing Rules.
• The Board has established the Nomination
  Committee and the Remuneration Committee
  responsible for directors appointments and the
  remuneration packages of directors and senior
  executives.
• Set up an Internal Audit Team which reports
  directly to the Audit Committee.
• Set up the Internal Control and Compliance
  Committee for strengthening internal controls and
  compliance.
• Adopted the Code of Business Conduct and Ethics
  for directors, senior executives and employees in
  compliance with the regulations of the US
  Securities Exchange Commission.

2 0 0 5 A n n u a l R e s u l t s
31
Business Outlook

• 2006 will be a challenging year
• broadcasting and telecom businesses will grow
  slowly, market competition will still be fierce
  due to supply over demand
• keen price pressure
• Better competitive edges
  help increase utilization rates

32

• TTC Phase 2

www.apstar.com

• TTC

APT Satellite Holdings Limited10 April 2006

• Satellite Control