1. 1 2012 Annual Report 22 March 2013

2. Agenda Financial Highlights Operations Review Business Prospects 2

3. Financial Highlights 3

4. Annual Results (1) 4

5. 5 2012 (HK$ M) 2011 (HK$ M) Turnover 900.6 758.3 Profit Attributable to Equity Shareholders 354.4280.9 Annual Results (2)

6. Turnover Breakdown by Business 6

7. 7 7

8. Consolidated Income Statement (1) 2012 (HK$’000) 2011 (HK$’000) Turnover 900,611758,317 Cost of services (372,363)(362,038) Gross profit 528,248396,279 Other net income 25,51515,652 Valuation gain on investment properties 896230 Impairment loss recognized in respect of property, plant and equipment -(36,660) Administrative expenses (114,779)(94,643) Profit from operations 439,880280,858 8

9. Consolidated Income Statement (2) 2012 (HK$’000) 2011 (HK$’000) Profit from operations 439,880280,858 Gain on disposal of available For-sale financial asset -111,413 Fair value change on financial instrument designated at fair value through profit or loss (34,211)(9,989) Finance costs (21,250)(21,941) Profit before taxation 384,419360,341 Income tax (29,984)(79,418) Profit after taxation 354,435280,923 9

10. EBITDA Margins 10 Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization and impairment loss as a percentage of turnover.

11. Net worth/ Share 11

12. Assets & Liabilities 2012 (HK$ Million) 2011 (HK$ Million) Total Assets5,0284,768 Total Liabilities1,9412,010 12 (As at 31 December 2012)

13. Gearing 13

14. Cash 2012 (HK$ Million) 2011 (HK$ Million) Free cash729334 Pledged deposits5721 14 (As at 31 December 2012)

15. Operations Review 15

16. Transponder Utilization Rates 20112012 APSTAR 7-74.6% APSTAR 6 81.5%80.4% APSTAR 5 (for APT’s transponders only) 88.2%74.2% 16

17. New Satellite – APSTAR 7  SpaceBus 4000 C2 platform, successfully launched on 31 March 2012 to replace APSTAR 2R with mission life over 18 years  Same orbital slot as APSTAR 2R with 28 C and 28 Ku transponders to ensure seamless service transition for customers  Welcome by famous customers and continue their services with APSTAR 7  Ku-band transponders are built with China Beam, Middle East and North Africa Beam, African Beam, and Steerable Beam, APT can further expand the satellite capacity and coverage of the Group to above said regions  As of 31 December 2012, its utilization was 74.6% 17

18.  Launched in April 2005, located at 134⁰E orbital slot  High-power satellite with 38 C-band and 12 Ku-band transponders  Started commercial operation in June 2005  Operation mission life over 15 years  Maintained high utilization rate with further growth potential  Strong market penetration in Asia Pacific region and China 18 APSTAR 6

19. APSTAR 5 19  Launched in June 2004, located at 138⁰E orbital slot  APT keeps 20 C-Band & 9 Ku-Band Transponders  The mission life is about 15 years  Maintained high utilization rate with further growth potential  Strong competitive edge in Asia Pacific region

20. APSTAR 7B/Chinasat 12 – Assigned  Back up satellite of APSTAR 7, from same suppliers  Based on Spacebus 4000 C2 platform with 28 C-Band & 23 Ku- Band transponders  Transferred to China Satcom  Collected the whole capital investment made for APSTAR 7B  A very successful arrangement because the Group can save up enormous amount of back-up satellite investment while meeting the time schedule requirement.  Additional transponder capacities for future business growth potential 20

21. Expansions of Customer services 21  Transponder lease services have been successfully established new customers and explored markets in Nepal, Philippines, Cambodia, Indonesia, India, New Zealand  New expansion in Data Centre Services for new stream of revenue APT Datamatrix Limited for data centre services in its existing facilities.  Satellite TV Broadcasting Services APT Satellite TV Development Ltd. for Satellite TV Service under Non-Domestic Television Services Licence  Satellite-based Telecommunications Services APT Telecom Services Limited for satellite telecom services under Fixed Carrier Licence

22. Business Prospects 22

23. Business Prospects 23  APSTAR 7 has become a hot bird with strong neighborhood effect  The utilization rate will continue to grow and remain at high level securing significant market share and generating substantial revenue for APSTAR Satellites  High level of demand for transponders services in both broadcasting and telecommunication sectors  Business growth potential from Ku-Band transponders of APSTAR 7 for emerging markets in Asia, Middle East, and Africa.  Additional transponder capacities for future business growth potential

24. 24 APT Satellite Holdings Limited www.apstar.com