Nexen Tire Q Result Business Management

Transcription

1 Nexen Tire Q Result Business Management

2 This presentation is consolidated financial result in compliance with K-IFRS with unaudited 4 th quarter of 2013 for investors convenience. Therefore, some parts may change upon the review of independent auditors. 1

3 2013 Highlights Leveraging Partnership with MLB Through the partnership with LA Dodgers, Atlanta Braves and Detroit Tigers, Nexen Tire will experience a good chance to improve brand image and enhance the brand status in the US market Las Vegas SEMA Show, Frankfurt Motor Show Participating in the motor shows will help buyers to find more about Nexen Tire s RE and OE products

4 2013 Highlights OE Tires to Volkswagen, Germany N Blue HD had been selected as the official OE tires for the Volkswagen Group, Germany, one of the largest carmaker in Europe. Nexen Tire is to supply tires for Polo, VW s best selling model Nexen Tire has also won OE tire supply contracts with other global car makers, including Mitsubishi (Japan), Fiat (Italy),Chrysler (US) and Skoda (Czech) Nexen Heroes Sponsorship Agreement By securing the main sponsor, the team was granted an opportunity to operate stably and Nexen Tire has a chance to contribute to the development of the Korean Professional Baseball and return the support and love received from the customers VfL Wolfsburg Sponsorship Nexen Tire signed a sponsorship contract with top level, professional German football club VfL Wolfsburg This sponsorship will enhance Nexen Tire s brand image and help with growth strategy in German market

5 2013 Highlights Winning Various Design Awards Winning Korea Good Design Award and the first Korean tire maker to win German Design Award, Japanese G-Mark Award Chang-Nyeong Factory 2 nd Stage Expansion 5mn unit (KRW 330bn ) expansion (Feb. 2013~) Production will start in 2014 Jun., Expansion will be completed in 2014 Oct. Total Capacity 6mn/yr 11mn/yr (2015)

6 INDEX I. Consolidated Result II. Result by Plant 5

7 Consolidated Result Annual Profit (In KRW Billion) 16.4% 11.9% 8.0% 10.6% 10.2% 1, , , , , K-IFRS applied from 2010 Sales OP OPM(%) 6

8 Consolidated Result Income Statement (in KRW billion) Q Q Q QoQ YoY Net Sales % -1.4% Gross Profit % 13.0% Margin(%) 29.3% 28.4% 25.6% 0.8%P 3.7%P Operating Profit % 52.9% Margin(%) 9.2% 10.6% 5.9% -1.4%P 3.3%P Ordinary Profit % 130.8% Margin(%) 7.4% 12.0% 3.2% -4.6%P 4.2%P Depreciation % 15.7% EBITDA % 34.6% Margin(%) 15.9% 16.4% 11.6% -0.5%P 4.2%P 7

9 Consolidated Result Balance Sheet (in KRW billion) Q (A) 2012 (B) (A)-(B) Assets 2, , Current Assets Quick Assets Inventories (Cash and Cash Equivalents) Non-Current Assets 1, , Liabilities 1, , Current Liabilities Non-Current Liabilities (Debt) Shareholders Equity Net Debt Net Debt % Liabilities % Current Ratio Equity Ratio Q % 188.5% 105.8% 34.7% % 201.5% 106.9% 33.2% 8

10 Consolidated UHPT Sales UHPT Sales (in KRW billion) Q Q Q QoQ YoY UHPT Sales % 12.5% % / Net Sales 38.7% 39.5% 34.1% -0.8%P 4.6%P % / Total Volume 33.0% 34.3% 30.0% -1.3%P 3.0%P Sum of each plant shipment, exclusive of the internal transaction <UHPT Sales by Region> 34.1% % 36.5% % 38.7% Korea 27% N. America 28% 12 4Q 13 1Q 13 2Q 13 3Q 13 4Q (in KRW billion) Other 25% Q KRW-based Europe 21% 9

11 Consolidated Result Operating Expenses (in KRW billion) Q Q Q QoQ YoY Freight & Logistic Expense % -2.5% SG&A Expenses % 2.2% - Salaries % -28.2% - R&D % 21.4% - Advertising % 25.6% - Others % 14.7% Other Income & Expenses % 2.3% 10

12 Consolidated Result Financial Income & Expenses (in KRW billion) Q Q Q QoQ YoY Financial Income & Expenses % 46.2% - Interest % 0.2% - Foreign Currency Transaction - Foreign Currency Translation % 43.3% % 66.2% - Others % % 11

13 INDEX I. Consolidated Result II. Result by Plant 12

14 Korea Annual Profit (In KRW Billion) 16.8% 9.4% 8.6% 10.8% 10.3% 1, , , , K-IFRS applied from 2010 Sales OP OPM(%) 13

15 Korea Income Statement (in KRW billion) Q Q Q QoQ YoY Net Sales % -1.6% Gross Profit % 12.4% Margin(%) 28.7% 27.1% 25.1% 1.6%P 3.6%P Operating Profit % 59.3% Margin(%) 10.4% 8.8% 6.4% 1.6%P 4.0%P Ordinary Profit % 120.1% Margin(%) 9.9% 11.3% 4.4% -1.4%P 5.5%P Depreciation % 4.1% EBITDA % 34.7% Margin(%) 15.8% 14.2% 11.6% 1.7%P 4.3%P 14

16 Korea Balance Sheet (in KRW billion) Q (A) 2012 (B) (A)-(B) Assets 1, , Current Assets Quick Assets Inventories (Cash and Cash Equivalents) Non-Current Assets 1, , Liabilities 1, , Current Liabilities Non-Current Liabilities (Debt) Shareholders Equity Net Debt Net Debt % Liabilities % Current Ratio Equity Ratio Q % 144.9% 123.4% 40.8% % 150.6% 127.0% 39.9% 15

17 Korea Operating Expenses (in KRW billion) Q Q Q QoQ YoY Freight & Logistic Expense % -2.1% SG&A Expenses % -4.1% - Salaries % -33.2% - R&D % 19.9% - Advertising % 3.8% - Others % 6.8% Other Income & Expenses % 342.7% 16

18 Korea Financial Income & Expenses (in KRW billion) Q Q Q QoQ YoY Financial Income & Expenses % 35.1% - Interest % -0.7% - Foreign Currency Transaction - Foreign Currency Translation % -53.0% % 83.7% - Others % -64.5% 17

19 China Annual Profit (in RMB million) 10.8% 6.7% -3.8% 0.9% 2.3% 1, , , , K-IFRS standard format Sales OP OPM(%) 18

20 China Income Statement (in RMB million) Q Q Q QoQ YoY Net Sales % 14.5% Gross Profit % 30.2% Margin(%) 26.0% 25.9% 22.8% 0.1%P 3.1%P Operating Profit % 96.5% Margin(%) 12.0% 12.0% 7.0% 0.0%P 5.0%P Ordinary Profit % 88.9% Margin(%) 11.0% 12.6% 6.7% -1.6%P 4.3%P Depreciation % 34.5% EBITDA % 71.5% Margin(%) 17.6% 17.3% 11.7% 0.2%P 5.8%P K-IFRS standard format 19

21 China Income Statement (in RMB million) Q Q Q QoQ YoY Net Sales % 14.5% Gross Profit % 30.2% Margin(%) 26.0% 25.9% 22.8% 0.1%P 3.1%P Operating Profit % 91.1% Margin(%) 11.1% 12.7% 6.7% -1.6%P 4.5%P Ordinary Profit % 88.9% Margin(%) 11.0% 12.6% 6.7% -1.6%P 4.3%P Depreciation % 34.5% EBITDA % 67.5% Margin(%) 16.7% 18.1% 11.4% -1.4%P 5.3%P China-GAAP 20

22 China Balance Sheet (in RMB million) Q (A) 2012 (B) (A)-(B) Assets 2,976 2, Current Assets Quick Assets Inventories (Cash and Cash Equivalents) Non-Current Assets 2,094 1, Liabilities 2,010 1, Current Liabilities 1,145 1, Non-Current Liabilities (Debt) 1,680 1, Shareholders Equity Net Debt Net Debt % Liabilities % Current Ratio Equity Ratio Q 1, % 208.3% 77.0% 32.4% , % 235.8% 72.6% 29.8% 21

23 Consolidated Income Statement (in KRW Billion) 2008 (%) 2009 (%) 2010 (%) 2011 (%) 2012 (%) 2013 (%) Net Sales , , , , , % Cost of Goods Sold , , , % Gross Profit % SG&A % Operation Profit % Non-Operating Income % Non-Operating Expenses % Ordinary Profit % Income Taxes % Net Income % K-IFRS applied from

24 Consolidated Balance Sheet (in KRW Billion) Asset , , , , ,299.8 Current Assets Quick Assets Inventories Non-Current Assets , , ,564.8 Investment Assets Property & Equipment , , ,482.2 Intangible Assets Liabilities , , ,502.7 Current Liabilities Non-Current Liabilities Capital K-IFRS applied from

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