Driving Tomorrow NEXEN Business Management

Transcription

1 Nexen Tire Q Result Business Management

2 INDEX I. Financial Result II. China III Financial Result 1

3 I. Financial Result II. China III Financial Result 2

4 2010 4Q Financial Result Balance Sheet (KRW Billion) 2010 (A) 2009 (B) (A)-(B) Assets Current Assets Quick Assets Inventories (Cash and Cash Equivalents) Non-current Assets Liabilities Current Liabilities Non-current Liabilities (Debt) Shareholders Equity Net debt Net Debt % Liabilities % Current ratio Equity ratio % 99.9% 131.6% 50.0% % 98.8% 143.3% 50.3% 3

5 2010 4Q Financial Result Income Statement (KRW Billion) Q Q Q YoY QoQ Net Sales % 3.7% Gross Profit % 3.3% Margin(%) %P 1.8%P Operating Profit % 38.5% Margin(%) %P 4.4%P Non-Op. Income (Loss) % 476.3% Ordinary Profit % 72.1% Depreciation % 9.3% EBITDA % 23.8% Margin(%) %P 4.1%P 2010 end-of-the-year bonus 12.8 billion won (Except the bonus OP 31.2billion won, OPM 10.8%) 4

6 2010 4Q Financial Result Sales by Segment (KRW Billion) Q Q Q YoY QoQ <Sales by Segment> 8.4% 8.8% 10.2% 10.1% 11.6% Net Sales % 3.7% 15.3% 14.4% 15.4% 17.1% 16.6% Export % 2.3% Domestic % 7.4% 76.2% 76.8% 74.3% 72.8% 71.8% - RE % 0.6% - OE % 18.8% 09 4Q 10 1Q 10 2Q 10 3Q 10 4Q Export(RE) Domestic(RE) Domestic(OE) 5

7 2010 4Q Financial Result Export by Region (KRW Billion) <Export by region> Q Q Q YoY QoQ Net Sales % 3.7% 31.5% 31.4% 26.1% 27.2% 31.3% Export % 2.3% N. America % 14.0% 32.0% 25.9% 26.5% 27.8% 30.8% Europe % 13.4% Others % 17.8% 36.5% 42.7% 47.5% 45.0% 37.9% KRW/USD 1,135 1,182 1, % 4.0% KRW/EUR 1,534 1,528 1, % 0.4% 09 4Q 10 1Q 10 2Q 10 3Q 10 4Q N. America Europe Others 6

8 2010 4Q Financial Result UHPT Sales (KRW Billion, 000units) Q Q Q YoY QoQ UHPT Sales % 1.0% UHPT Volume 1,174 1, % 0.1% % / Net Sales 30.9% 32.8% 27.4% 3.5%P 1.8%P % / Total Volume 26.9% 28.4% 23.5% 3.4%P 1.5%P Parent only <UHP by Region> 27.4% 31.7% 33.1% 32.8% 30.9% Domestic 19.9% Others 18.1% N. America 41.7% 09 4Q 10 1Q 10 2Q 10 3Q 10 4Q Europe 20.4% Q KRW-based, Export only 7

9 2010 4Q Financial Result Raw Material Prices ($/TON) Q Q Q YoY QoQ Natural Rubber 3,255 3,117 2, % 4.4% Synthetic Rubber ,479 1, % 2.8% Carbon Black 1,144 1,145 1, % 0.1% T/CORD 4,211 4,111 3, % 2.4% S/CORD 1,796 1,706 1, % 5.2% ETC 1,589 1,574 1, % 0.9% Total 2,194 2,141 1, % 2.5% 8

10 2010 4Q Financial Result Raw Material Prices ($/TON) 4,500 3,500 2,500 1, Q 08 1Q 08 2Q 08 3Q 08 4Q 09 1Q 09 2Q 09 3Q 09 4Q 10 1Q 10 2Q 10 3Q 10 4Q N/R S/R CB T/CORD S/CORD Etc Total 9

11 2010 4Q Financial Result SG&A Expenses (KRW Billion) Q Q Q YoY QoQ SG&A Expenses % 19.7% - Export Transportation % 13.2% - R&D % 37.6% - Salaries % 42.6% - Advertising % 25.9% - Others % 36.7% 10

12 2010 4Q Financial Result Non-Operating Income (Loss) (KRW Billion) Q Q Q YoY QoQ Non-Operating Income (Loss) - Foreign Currency Transaction Gain (Loss) - Foreign Currency Translation Gain (Loss) - Interest Income and Expenses % 476.3% % 69.0% % 123.8% % 470.6% - Equity Method Losses % 198.4% - Currency Swap Gain (Loss) % 99.9% - Others % 39.1% 11

13 I. Financial Result II. China III Financial Result 12

14 2010 4Q China Income Statement (RMB Million) Q Q Q YoY QoQ Net Sales % 2.8% Gross Profit % 39.4% Margin(%) %P 5.9%P Operating Profit % 262.5% Margin(%) %P 7.1%P Ordinary Profit % 245.6% Depreciation % 1.8% EBITDA % 88.1% Margin(%) %P 5.4%P 13

15 2010 4Q China Sales Growth (RMB Million) Q Q Q Q Q Sales by Segment Domestic (RE) 22.7% <Sales by segments> <Export by reagion> N.America 4.10% Europe Etc % 19.10% Export (RE) 77.3% S.America 15.00% Q RMB-based 14

16 I. Financial Result II. China III Financial Result 15

17 2010 Financial Result 1. Korea Income Statement (KRW Billion) YoY Net Sales 1, % Gross Profit % Margin(%) %P Operating Profit , % Margin(%) %P Non-Op. Income (Loss) % Ordinary Profit % Depreciation % EBITDA % Margin(%) %P 16

18 2010 Financial Result 1. Korea Yearly Sales and OP Margin 1, % 16.8% OP Margin 1, , % 8.1% 7.4% 5.1% 10.9% 6.8% % 1, Sales (KRW Billion)

19 2010 Financial Result 1. Korea Sales by segment YoY Sales % Export % Domestic % - RE % - OE % YoY Sales % Export % - N.America % - Europe % - Others % EX(RE) 73.8% Sales by Segment N.America 43.2% Export by Region Europe 27.8% Domestic( RE) 15.9% Domestic( OE) 10.2% Others 29.0% 18

20 2010 Financial Result 1. Korea Yearly UHPT Sales 7, % 26.0% 27.3% UHPT Volume % 6, % , % 0.2 4, % 4,168 4,409 4, ,000 (000 Units) 3, UHPT Volume 2,000 2, ,000 1,

21 2010 Financial Result 1. China Income Statement (RMB Million) 구분 YoY Net Sales 1, % Gross Profit % Margin(%) 15.5% 16.7% 1.2%P Operating Profit % Margin(%) 0.9% 3.8% 4.7%P Non-Op. Income (Loss) % Ordinary Profit % Depreciation % EBITDA % Margin(%) 6.3% 9.2% 2.9%P 20

22 2010 Financial Result 2. China Sales by segment YoY YoY Sales 1, % Sales 1, % Export % Export % -N.America % Domesti c % - Europe % - Others % Sales by Segment Export by Region Export(RE ) 77.6% Domestic( RE) 22.4% Europe 54.1% S.Americ a 10.6% N.Americ a 14.6% Others 20.7% 21

23 # Balance Sheet [Korea] (KRW Billion) Asset Current Assets Quick Assets Inventories Non-Current Assets Investment Assets Property & Equipment Intangible Assets Liabilities Current Liabilities Non-current Liabilities Capital

24 # Income Statement [Korea] (KRW Billion) 2004 (%) 2005 (%) 2006 (%) 2007 (%) 2008 (%) 2009 (%) 2010 (%) Net Sales , Cost of Goods Sold Gross Profit SG&A Operation Profit Non-Operating Income Non-Operating Expenses Ordinary Profit Income Taxes Net Income

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