2008 Interim Results

11 September 2008

AgendaAgenda

Financial HighlightsFinancial Highlights

Updates on OperationsUpdates on Operations

Business OutlookBusiness Outlook

Financial Highlights

1H / 2008(HK$ M)

1H / 2007(HK$ M)

Turnover 198.0 230.7

Profit Attributable

to Equity

Shareholders

6.9 5.0

Interim Results

27%

69%

4%

42%

53%

5%

0%

20%

40%

60%

80%

100%

1H/2007 1H/2008

BroadcastingTelecomOther

Turnover Breakdown by Business

Turnover Breakdown by Region

37% 40%

16%13%

8%16%

25%

14% 14% 17%

0%

20%

40%

60%

80%

100%

China HK S'pore Indonesia Others

1H/2007 1H/2008

1H/2008

(HK$ M)

1H/2007

(HK$ M)

Turnover 198.0 230.7

Cost of Services (141.5) (165.3)

Gross Profit 56.5 65.4

Other net income 8.9 12.7

Revaluation gain on investment

property

0.1 -

Administrative Expenses (47.6) (37.1)

Profit from Operations 17.9 41.0

Consolidated Income Statement (1)

1H/2008

(HK$ M)

1H/2007

(HK$ M)

Profit from operations 17.9 41.0

Finance costs (15.0) (28.7)

Share of results of jointly controlled entities Profit from disposal of business operation

2.03.2

(0.6)-

Profit before taxation 8.1 11.7

Income tax (1.3) (7.3)

Profit after taxation 6.8 4.4

Attributable to:

Equity shareholders of the Company 6.9 5.0

Minority interests (0.1) (0.6)

Profit after taxation 6.8 4.4

Earnings per share – Basic (HK cents) 1.67 1.22

Consolidated Income Statement (2)

Expenses Breakdown

71% 69%

16%24%

13%7%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Cost of Services Admin. Exp. Finance Cost

1H/2007

1H/2008

Cost of Service Breakdown

67%

77%

15% 14%6% 7%

12%

2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Depreciation Insurance Licence & OrbitSlot Fees

Satellite-basedTelecom

1H/2007

1H/2008

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.

62% 62%

0%

20%

40%

60%

80%

100%

YE/2007 1H/2008

Asset & Liabilities

Total Assets HK$3,027 million

Total Liabilities HK$1,028 million

Bank borrowings due within one year

HK$243 million

Bank borrowings due after one year

HK$339 million

(As at 30 June 2008)

Gearing

51%

34%

58%

37%

0%

10%

20%

30%

40%

50%

60%

70%

YE/2007 1H/2008

Debt-equity ratio

Debt-ratio

Cash

Free Cash: HK$283 million

Pledged Deposit : HK$79 million

(As at 30 June 2008)

Updates on APT’s OperationsUpdates on APT’s Operations

Transponder Utilization Rates

As at

30 June 08

APSTAR VI 53.0%

APSTAR V 67.4%

SS/L FS1300

Commenced operation in August 2004

APT keeps 23 C & 12 Ku

The mission life is over 15 years

High utilization rates with further increase potential

Provides versatile services including DTH, internet, VSAT services in the region with interconnection to USA.

APSTAR V

APSTAR VI

Thales Alenia (formerly known as Alcatel) SB4100C1

Started operation in June 2005

High-power satellite with 38 C-band and 12 Ku-band

Operation mission life over 15 years

Equipped with advanced anti-jamming feature

Increase potential on utilization rates

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 under the Satellite TV Uplink and Downlink Licence of Hong Kong SAR

As at June 30, 2008, the Broadcasting Platform uplinks and broadcasts up to 81 satellite TV channels

APT Telecom Services LimitedAPT Telecom Services Limited （（ a subsidiary)a subsidiary)

Provides VSAT, facilities management services and teleport uplink services to Hong Kong and Asian telecom users including satellite operators, telcos, ISPs players

Provides two-way satellite internet services and teleport uplink services

Satellite-basedSatellite-basedTelecommunications ServiceTelecommunications Service

Business Outlook

Broadcasting and telecom businesses grow steadily

Market competition will still be fierce due to supply over demand

Better competitive edges help further increase utilization rates

Continue to expand in overseas market

APT Satellite Holdings Limited

www.apstar.com