INNOCEAN WORLDWIDE 3Q 2016 RESULT

Transcription

1 INNOCEAN WORLDWIDE 3Q 2016 RESULT

2 Disclaimer The Financial statements on this presentation is prepared in accordance with Korean International Financial Reporting Standards( K-IFRS ). And for the purpose of comparison, the accompanying consolidated financial statements as of 3Q2016 are prepared and presented by reflecting the K-IFRS transition adjustments. This document is prepared with unaudited financials for investors information. Therefore, some numbers may be revised upon the review of independent auditors of INNOCEAN Worldwide.

3 Table of Contents 1. 3Q 2016 Earnings Summary 2. 3Q 2016 Earnings Analysis 3. 3Q 2016 Year to Date Business Update 4. Business Outlook Appendix. Summary Financial

4 INNOCEAN Investor Relations 2016

5 1. 3Q Earnings Summary Stable earnings amid tough business environment 3Q 3Q Year to Date Gross Profit Operating Income Non-operating Income Earning Before Tax Net Income (Unit: KRW billion) 87.8 (+13.3%) (+23.4%) CANVAS 9.7 CANVAS (+8.7%) 68.0 (+18.6%) 0.7 ( 83.8%) 8.8 ( 20.9%) 22.1 ( 7.8%) 76.9 (+12.1%) 16.0 ( 8.3%) 56.8 (+15.5%) (Unit: KRW billion) Net Income to Parent 13.3 ( 11.8%) Net Income to Parent 49.3 (+13.8%) Investor Relations

6 2. 3Q Earnings Analysis Gross Profit 3Q Gross Profit 3Q YTD (Unit: KRW billion) +13.3% (Canvas +12.5%) % (Canvas +13.8%) Q Q Q YTD Q YTD Domestic Overseas Domestic Overseas Domestic : Premium/ Green car/ Euro 2016/ GAC (Goyang Auto Complex) marketing effect despite the abolishment of individual consumption tax benefit program and production loss from strikes Overseas : Canvas contribution, SUV new car, Euro 2016, and non-captive volume expansion Investor Relations

7 2. 3Q Earnings Analysis Regional Gross Profit Summary 3Q KRW11.5bn(+18.3%) 3Q YTD KRW36.6bn(+16.0%) Americas 3Q 37.4bn(+39.1%) Excluding Canvas KRW27.7 bn 3Q YTD 114.8bn(+52.4%) Excluding Canvas KRW84.3bn(+11.9%) EM 3Q KRW6.1bn(+3.2%) 3Q YTD KRW19.3bn(+16.2%) China Head Quarter 3Q KRW1.8bn( 49.6%) 3Q YTD KRW11.2bn( 4.7%) 3Q KRW31.4bn( 0.7%) 3Q YTD KRW91.4bn (+6.9%) Overseas Entities Gross Profit Contribution by Region Americas USA (IWA, Canvas) / Canada / Brazil / Mexico * 7% 8% HQ 3Q YTD China UK / Germany / Italy / Spain / France Beijing/ Shanghai (2), Innocean CBAC in Beijing (equity method) 13% 42% 34% Americas China EM * Domestic: KRW91.4bn (+6.9%) Overseas :KRW181.0bn (+34.0%) Emerging Markets Russia /Turkey / India / Australia / Dubai *China JV (Equity Method) Included Investor Relations

8 2. 3Q Earnings Analysis OP and NP (Unit: KRW billion) (Unit: KRW billion) (Unit: KRW billion) SG&A Operating Profit Net Profit % Canvas Loss % % '15.3Q YTD Labor '16.3Q YTD Other Expenses '15.3Q YTD '16.3Q YTD '15.3Q YTD '16.3Q YTD SG&A : KRW204.4bn (+25.1%) Excluding Canvas : +5.7% YoY - Labor cost : KRW147.9bn (+24.3%) Excluding Canvas: +8.9% YoY - Other Expenses: KRW56.5bn (+27.2%) Operating Profit : KRW68.0bn (+18.6%) Canvas made 1.1bn operating loss due to delay of GP recognition transferred to 4Q; Canvas will highly likely to turn profit in 4Q (FY 2016 accumulated basis) Net Profit : KRW56.8bn (+15.5%) Net Income to Parent: KRW49.3bn (+13.8%) (Excluding Canvas in 3Q: 6.0% QoQ) Investor Relations

9 3. 3Q Year to Date Business Update Client Portfolio Korea HQ : Non- Captive account 33% (based on GP) Auto/ Auto Parts HQ/Overseas new client Canvas new client Construction/ Shipbuilding Financials Retail Fashion/ Cosmetics/ Furniture Internet/ e-commerce/game Food/Pharmaceutical/ Electronics Overseas : Non- Captive account 6% (based on GP, +41.7% YoY) Americas Emerging Market China z Investor Relations

10 4. Business Outlook - New car marketing effect remains intact 3Q Avante EQ900 (G90) Tucson overseas 4Q IONIQ HEV 1Q Avante US, China 2Q IONIQ EV 3Q G80 IONIQ US i30 4Q Grandeur IG Creta Russia G80 Sports Verna China G80, G90 US, Russia, ME IONIQ PHEV HEV Small SUV 2017 Grandeur IG overseas I30 overseas G70 Global Launch (New car schedules may be subject to change) 2018 ~ Genesis Mid size SUV Genesis Small SUV Premium, Green car marketing Overseas local strategic model, SUV marketing 3Q Q K5 Sportage K5 overseas 1Q K7 Niro HEV 2Q K5 PHEV global K3 F/L China Sportage overseas Mohave F/L 3Q K7 overseas K5 wagon 4Q K2 China Pride (RIO) NIRO HEV overseas Mid SUV China Niro PHEV Global launch ~ Morning Global K5 Wagon PHEV China local strategic model marketing support Premium, Green car marketing Investor Relations

11 Appendix. Summary Financial Balance Sheet (K-IFRS) 1,431 1,328 1,320 1,

12 Appendix. Summary Financial Balance Sheet (K-IFRS) 2015 annual Q YTD Q YTD YoY % Gross Profit excluding Canvas % % % OP/ GP 29.3% 26.0% 25.0% Gross Profit excluding Canvas % OP/GP 29.3% 26.0% 28.6% % % % % Net Income to Parent %

13 Thank you Innocean Investor Relations Calvin Kim David Oh SeungWoo Lee