2009 Annual Report

26 March 2010

2

Financial Highlights

Updates on Operation

Financial Highlights

4

2009

(HK$ M.)

2008

(HK$ M.)

Turnover 578.1 403.7

Profit Attributable

to Equity

Shareholders

254.1 49.6

Annual Results

5

37%

59%

4%

43%52%

5%

34%

61%

5%

0%

20%

40%

60%

80%

100%

2007 2008 2009

BroadcastingTelecomOther

Turnover Breakdown by Business

6

Turnover Breakdown by Region

7

2009

(HK$ M)

2008

(HK$ M)

Turnover 578.1 403.7

Cost of Services (322.0) (277.6)

Gross Profit 256.1 126.1

Other net income 35.5 68.9

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

2009

(HK$ M)

2008

(HK$ M)

Profit from operations 210.6 101.7

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 subsidiary 6.1 -

Profit before taxation 211.9 92.1

Income tax credit/(expense) 42.2 (42.6)

Profit for the year 254.1 49.5

Minority interest - (0.1)

Profit attributable to shareholders 254.1 49.6

Earning per share – Basic (HK cents) 61.48 12.00

Consolidated Income Statement (2)

9

70% 70%

79%

18%22% 20%

12%6%

1% 0% 2% 0%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Cost ofServices

Admin. Financecosts

I mpairmentloss

2007 2008 2009

Expenses Breakdown

10

77%82%

14%11%

5% 5%1% 1%

3% 1%

0%

20%

40%

60%

80%

100%

Depreciation Insurance Licence & OrbitSlot Fees

Satellite-basedBroadcasting and

Telecommunication

Others

2008

2009

Cost of Service Breakdown

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.

62% 63%

76%

0%

20%

40%

60%

80%

100%

2007 2008 2009

EBITDA Margins

12

Assets & Liabilities

HK$ Million

Total Assets 3,119

Total Liabilities 829

(As at 31 December 2009)

13

Gearing

14

Cash

Free Cash: HK$276 million

Pledged Deposit :

HK$8 million

(As at 31 December 2009)

Updates on APT’s OperationsUpdates on APT’s Operations

16

Transponder Utilization Rates

31 Dec 09 31 Dec 08

APSTAR 6 71% 72%

APSTAR 5

(APT’s transponders)

81% 83%

APSTAR 2R 87% -

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

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

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

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

Satellite TV Broadcasting Platform

APT Satellite TV Development Ltd. (A Subsidiary)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

APT Telecom Services LimitedAPT Telecom Services Limited （（ a subsidiary)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-basedSatellite-basedTelecommunications ServiceTelecommunications Service

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

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

APT Satellite Holdings Limited

www.apstar.com