01 ㅣ Business Update. 02 ㅣ Investment Highlights. 03 ㅣ Appendix -2-

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2 Contents 01 ㅣ Business Update 02 ㅣ Investment Highlights 03 ㅣ Appendix -2-

3 Business Results and Outlook Business Update ㅣ 01 Rapid Growth in New Orders & Revenue with Differentiated Capabilities New Order Trend Revenue Trend (1BN KRW) (1BN KRW) 10,117 2% 3% 11,000 4% 5% 13,500 4% 15,000 6% 5,000 8,000 10% 10,000 9% 4,846 13% 9% 78% 5,846 5% 1 78% 95% 91% 89% 8 2,269 18% 20% 62% 3,215 13% 16% 71% 4,035 9% 10% 81% 11% 82% 83% 84% '07 '08 '09 '10(E) '11(E) '12(E) '07 '08 '09 '10(E) '11(E) '12(E) * Consolidated Base Hydrocarbon Environmental Industrial -3-

4 Business Results and Outlook Business Update ㅣ 01 High Growth Potential with Increased Backlogs Order Backlog Trend 2009 Order Backlog Overview (1TR KRW) % 4% % 5% % 5% % 2% 94% % % 14% 91% 9% 11% 82% 80% '07 '08 '09 '10(E) '11(E) '12(E) Domestic Latin 13% America Asia 9% Africa 19% [Region] UAE 33% Saudi Arabia 19% Industrial Environmental 2% gas Petrochemical 22% Refinery 62% [Product] Hydrocarbon Environmental Industrial * Consolidated Base -4-

5 Key Financial Index Business Update ㅣ 01 Stable Profitability to Continue with Differentiated Business Capabilities Margin Trend Investment Index 14.5% % 15.3% % 9.2% 8.3% 8.3% EPS (KRW) 3,000 3,900 5,000 6, % 5.6% 8.1% EBITDA (BN KRW) '06 '07 '08 '09 ROE 26% 29% 35% 32% Gross Profit Margin Operating Profit Margin Recurring Profit Margin -5-

6 Human Resource Update Business Update ㅣ 01 Continued Global Expansion of Human Resources and Overseas Offices Recruitment Trend Overseas Strategy Total Employees Overseas Employees 7,000 8,500 United States (SEA) : Basic Engineering Basic Engineering Center focusing on Energy business Ensuring to acquire technology to enter Upstream business (PMC, FEED, etc) Training center for basic engineering expertise 3,400 4,100 4,700 5,600 India (SEI) : Detail Engineering Sourcing Global Engineering Manpower Securing Cost Competency Overseas Employment Per Capital Sales (1 Bn KRW) 1, ,400 '07 '08 '09 '10(E) '11(E) '12(E) 16% 1 18% 18% 20% 22% Global Overseas Offices Enhancing local partnership with localization Integrated construction offices for streamlined project execution Overseas Offices: Saudi Arabia, Abu Dhabi, etc Strengthened Global Operation -6-

7 Differentiated Strengths Investment Highlights ㅣ 02 Project Management Use integrated leadership to meet deadlines for each EPC function Speedy and flexible decision-making system Eliminating Gray Area and Q-cost with interface management between processes Engineering Precedent schedule management by executing Fast Track Competitive cost through Value Engineering, providing customer satisfaction Procurement Established Global Alliance Vendor Network Fixed costs with pre-order commitment Construction Construction operation streamlined with construction overseas offices Direct operation for construction labors and equipment Systematic line-up of local construction sub-con -7-

8 Investment Points Investment Highlights ㅣ 02 Growth Continue 30% Annual Growth in Revenue Accelerated Global Operation with Market, Client, Product Diversification Enter hydrocarbon upstream market such as LNG, GOSP, Offshore, etc Penetrate non-hydrocarbon market such as metallurgy, power, desalination, etc Profitability Stable Profitability through Avg. 30% EPS Growth Differentiated quality, cost, delivery, and value engineering management Continue stable profitability with system management Stability Strong Balance Sheet Excellent Cash Flow: No Debt (since 2005), Influx of cash (KRW 1.2 Trillion, 09) Conservative foreign exchange rate policy for risk hedging Shareholder Value Build Credibility with Management Philosophy Maintain confidence by achieving business goals Priority on shareholder value: payout ratio of 30%, share buy-back etc. -8-

9 Income Statement Appendix ㅣ 03 (1 BN KRW) New Order 4,846 5,846 10,117 Backlog 5,620 8,252 13,955 Revenue 2,269 3,215 4,035 Gross Profit Operating Profit Recurring Profit Net Income Gross Profit(%) % 15.3% Operating Profit(%) 6.6% 5.6% 8.1% Recurring Profit(%) 9.2% 8.3% 8.3% Net Income(%) 6.9% 6.2% 6.1% YoY + 73% + 69% + 26% + 33% + 82% + 26% + 23% + 0.9P + 2.5P - 0.1P * Consolidated Base -9-

10 Balance Sheet Appendix ㅣ 03 (1 BN KRW) Total Assets 1,433 1,632 2,077 2,769 Current Assets 1,193 1,352 1,739 2,305 Non-current Assets Total Liabilities 973 1,106 1,497 2,006 Current Liabilities ,344 1,852 Long-term Liabilities Total Equities Capital Stock Capital Surplus Retained Earnings Capital Adjustment * Consolidated Base -10-

11 Cash & Dividends Appendix ㅣ 03 Key Stability Index Dividends & Investment Outlook (1 BN KRW) 1,400 Net Cash Capex 1, Dividend Per Share (KRW) ,200 1,500 2,000 '06 '07 '08 '09 '10(E) Payout Ratio 29% 30% 30% 30% (1 BN KRW) CAPEX Plan New HQ Investment IT 75 Current Dividend Rate Par Dividend 1.9% 1.3% 3.4% 1.9% 26% 24% 30% 40% Rate * Consolidated Base '09 '10(E) ** Head Office Base -11-

12 Global Network Appendix ㅣ 03 Samsung Engineering Head Office India Delhi Slovakia Seoul, Korea Budapest Italy Shanghai Tokyo Algeria Abu Dhabi Saudi Arabia New Delhi Vietnam Thailand Malaysia Samsung Engineering America Houston Houston Mexico Trinidad & Tobago Venezuela Samsung Engineering Saudi Arabia Al-Jubail Saudi Arabia Samsung Engineering Thailand Rayong Australia Ma aden Amonia Project (Ras, Al Zour) Jubail Refinery Complex / GAS ASU Aramco DHT Project (Ras Tanura) Subsidiaries Overseas Branch Offices Global Engineering Centers Project Offices International Procurement Offices -12-

13 Major On-going Hydrocarbon Projects 수주년도 Appendix ㅣ 03 Yr. Awarded Category Project Region Client Award (in mil $) Completion 2007 Petro IOCL EG India Indian Oil Corporation Ltd Energy PTT ESP Thailand Petroleum Authority of Thailand Energy PTT GSP-6 Thailand Petroleum Authority of Thailand Petro UAE Borouge OCU UAE Abu Dhabi Polymers Company Energy Aramco DHT Saudi Arabia Saudi Arabian Oil Company Petro Kayan PP Saudi Arabia Saudi Kayan Petrochemical Company Petro Ma aden Ammonia Saudi Arabia Saudi Arabian Mining Company Energy S-Oil Aromatics Korea S-Oil 1, Energy Bapco Lube base Oil Bahrain Bahrain Petroleum Company Energy CFE LNG Terminal Mexico Commission Federal de Electricidad Petro ONGC Ethylene India Oil and Natural Gas Corporation Petro CO2 Recovery Vietnam PVFCCO Energy NIGC ASU Saudi Arabia National Industrial Gases Company Energy Petrotrin ULSD T&T Petroleum Company of T&T Energy Sonatrach Refinery Algeria Sonatrach 2, Petro Fertil Fertilizer UAE Ruwais Fertilizer Industries 1, Energy Aramco Jubail #3 Aromatics Saudi Arabia Saudi Arabian Oil Company Energy Takeer Refinery #3 UAE Abu Dhabi Oil Refining Company 2, Energy Aramco Jubail #4 Coker Saudi Arabia Saudi Arabian Oil Company