Investor Presentation

November 2017

AsiaSat Proprietary and Confidential

Satellite 101 (Overview)

Types of Satellites

3

• Communications, Weather, Imaging, Data Relay, Spy,

Navigation (GPS)

• Orbits

Low Earth Orbit – LEO – 700-2000Km above earth

Medium Earth Orbit – MEO – 8000-20000Km above earth

Geostationary Orbit – GEO - approx. 36000Km above

earth’s equator

Satellite Operation

4

From an Operation’s Point of View the satellite is required to maintain its

footprint over the designated coverage area.

Satellite Frequencies

5

C-band• 3-8 GHz

• Lower Power

• Used for wider coverage, less loss

Ku-band• 10-18 GHz

• Higher Power

• Used for smaller coverage, high loss

Ka-band• 26-40 GHz

• Very High Power

• Small spot beam coverage, very high loss

Satellite Fleet

7

AsiaSat’s In-orbit Satellite Fleet

AsiaSat 3S

122˚E 11 Apr 2003 28 C + 20 Ku

AsiaSat 4

Fleet of 7 satellites providing instantaneous access to

two-thirds of the world’s population

100.5˚E 12 Aug 2009 26 C + 14 Ku

AsiaSat 5

Nominal Orbital Location Launch Date Payload

AsiaSat Presentation

146˚E 21 Mar 1999 28 C + 16 Ku

8

AsiaSat’s In-orbit Satellite Fleet

AsiaSat 6

AsiaSat 7

4˚W 5 Aug 2014 24 Ku (fully leased)

+ Ka

AsiaSat 8

Fleet of 7 satellites providing instantaneous access to

two-thirds of the world’s population

122˚E 29 Sep 2017 28 C + 32 Ku + Ka

AsiaSat 9

Nominal Orbital Location Launch Date Payload

AsiaSat Presentation

105.5˚E 26 Nov 2011 28 C + 17 Ku + Ka

120˚E 7 Sep 2014 14 C

AsiaSat 9 – Asia’s Next Generation Satellite

Successful Launch on 29 September 2017

9

After CATR testing at SSL facilityAsiaSat 9 launch by Proton

M/Breeze M rocket

AsiaSat Fleet C-band Coverage

10AsiaSat Presentation

AsiaSat Fleet Ku-band Coverage

11AsiaSat Presentation

Our Company and What We Do

AsiaSat Introduction

13

Vision Statement

“To be the foremost satellite solutions provider in Asia and the

instinctive and desired partner of choice”

Asia Satellite Telecommunications Company Limited

(AsiaSat)

• Owns and operates communications satellites

• Offices - Hong Kong (Wanchai, Tai Po) & Beijing

• Employees: 140

• Provides capacity to Broadcast and Telecom clients

• Serving 2/3 of the world’s population with our satellite fleet

• Prominent global and regional customer base: Turner, FOX Networks

Group, ZEE, CCTV, China Telecom, Panasonic Avionics, Speedcast…

AsiaSat Shareholding

14

CITIC Group Corporation (PRC)

Carlyle Asia (USA)

Bowenvale Ltd. (BVI) Public

Asia Satellite Telecommunications Holdings Limited (Incorporated in Bermuda)

50.5% 49.5%

74.43% 25.57%

AsiaSat BVI Limited (Incorporated in BVI)

100%

100%

37.59% 36.84%

Asia Satellite Telecommunications Company Limited (Incorporated in Hong Kong)

Listed on HKSE

Sources of Revenue

15

Business Segment 1H 2017 2016

Broadcasting 70% 67%

Telecom/Broadband Distribution 30% 33%

Broadcast and Video Distribution

16

• Transmit 600+ channels from 250+ public & private radio & TV stations

• Broadcast TV & radio services in 40+ languages

• Accessing 830m+ Asian households

Telecom Networks – 2-way Transmission

VSAT Broadband VSAT Backhaul

17

World-class service quality and reliability from

Tai Po Earth Station in Hong Kong

AsiaSat Tai Po Earth Station

• 24/7 broadcast and operations centre

• Satellite carrier monitoring

• Downlink, turnaround and uplink

• Fibre connectivity

• DVB-S2/S MCPC platform

• Channel Encryption

• Data Centre hosting

• Playout service

• Broadway® Internet connectivity service

• Disaster recovery facilities

• Occasional Use and SNG services

• Satellite transfer orbit service

AsiaSat’s Teleport Services

18

Market Outlook

• Video consumption is increasing with viewing habits shifting by

genre and age demographics

• Nevertheless linear TV remains central to audience viewing habits

• Regional HD penetration of 20% represents an ongoing growth

market for all operators in the region

• Disruptive technologies impacting PayTV subscriber revenue but

AsiaSat channel count remains stable

• Telecoms market is in transition with some price erosion resulting

from excess capacity and anticipation of HTS pricing ‘today’

• Mobility and cellular backhaul are the main growth drivers as

‘Satellite’ becomes the go-to solution for remote and underserved

fibre areas

• In-flight and cruise ship connectivity demands are growing

exponentially off the back of the emerging Asian middle class with

disposable income needing to be ‘connected’ whilst travelling

19

Business Development and Future Strategy

Business Development and Future Strategy

21

• Protect and grow our core video business

• Position ourselves to be competitive in the future data business through HTS technology

• M&A to expand service portfolio and scale

22AsiaSat Presentation

2017 Interim Result

Financial Highlights for 2017 Interim Result

• Revenue flat

• EBITDA down 6%

mainly arising from one-off reversal of staff bonus provision in prior period and higher unrealized

exchange loss.

• Net Profits down by 28%

In addition to the above factors, decrease is also due to a higher finance expenses (due to lower

amount of interest to be capitalised), a one-off reversal of tax provision in prior period.

• Interim dividend of HK$0.18 per share

• Backlog remained stable at US$522.6 million, compared to US$521.4

million at 31 December 2016

• Utilisation rate up to 73%, compared to 67% at 31 December 2016

• Gearing ratio dropped to 45%, compared to 49% at 31 December 2016

23

24

Financial Highlights for 2017 Interim Result

1H 2017 1H 2016 Change

HK$M HK$M %

Revenue 642.4 640.0 0%

EBITDA 490.6 523.1 -6%

Operating Profit 230.9 242.1 -5%

Income Tax Expenses 51.2 (7.0) N/A

Net Profit 179.6 249.2 -28%

Earnings Per Share (HK$) 0.46 0.64 -28%

Dividend Per Share (HK$) 0.18 - N/A

Financial Highlights for 2017 Interim Result

642.4

490.6

179.6

640

523.1

249.2

0

100

200

300

400

500

600

700

Revenue EBITDA Net Profit

HK$M

1H 2017 1H 2016

25

90% 90%

10% 10%

0

100

200

300

400

500

600

30/06/2017 31/12/2016Non-PRC PRC

26

Financial Highlights for 2017 Interim Result

US$M

522.6 521.4

Backlog

27

Financial Summary for past 5 years

1,884.9

1,498.6

1,364.9 1,311.1

1,272.4

1,556.50

1,307.80

1,104.501,058.40 1,028.50

914.5

747.6

559.1

439.8 430

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0

12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016

Turnover EBITDA Net Profit

28

AsiaSat Financials

HK$M

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0

12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016

Turnover for the year

Hong Kong Greater China Other Region

HK$M

29

AsiaSat Financials

1,884.9

59%

1,498.61,364.9

1,311.1 1,272.4

63%63% 63% 61%

14%

22%20% 22%27%

25%

17% 15% 14%15%

AsiaSat Financials

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016

1.92 2.42

0.57

12.07

0.20

Dividend per share for the yearHK$

30

AsiaSat Financials

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016

79.20%73.70% 75.40%

72.30%67.30%

Satellite Utilisation at Year End

31

-

100.0

200.0

300.0

400.0

500.0

600.0

12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016

470.3 457.2 409.4 411.7

470.8

34.3 32.5

41.1 39.2

50.6

Backlog Revenue at Year End

Non PRC PRC

US$M

32

AsiaSat Financials