Hyundai Heavy Industries August 2013 investor presentation

1

2

Important Notice

This presentation of Hyundai Heavy Industries (HHI) contains forward-looking statements relating to HHI’s

operations that are based on management’s current expectations, estimates and projections. Words such as

“anticipates”, “expects”, “intends”, “plans”, “projects”, “schedules”, “estimates” and similar expressions are

intended to identify such forward-looking statements. These statements are not guarantees of future performance

and are subject to certain risks, uncertainties, and other factors including new order flows, FX rates, steel plate

prices and so on, some of which are beyond company’s control and are difficult to predict. Therefore, actual

outcomes and actual results may differ materially from what is expressed or forecasted in such forward-looking

statements. The reader should not place undue reliance on these forward-looking statements. HHI undertakes no

obligation to update any forward-looking statements to reflect subsequent events.

3

Contents

H H I at a Glance

Business Performance

Financial Performance

Appendix (Quarterly Results)

4

HHI at a Glance

5

Date of Establishment : 1973. 12. 28

Date of Listing : 1999. 8. 24

No. of issued stocks: 76,000,000 stocks

Paid-in Capital : KRW 380 bil.

Market Value : KRW 18,392 bil. (As of December 31, 2012)

Credit Rating : A1 (Commercial Paper), AA+ (Corporate Bond)

Korea’s large conglomerate ranking : 7th

(Excluding public companies, based on total assets, As of December 31, 2012)

No. of employees : 25,111 (Average 17.9 years of continuous service)

No. of dry docks : 10 (Shipbuilding), 1 (Offshore & Engineering)

Business Division : Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering,

Engine & Machinery, Electro Electric Systems, Construction Equipment, Green Energy

Summary

6

1973. 12 Establishment of Hyundai Shipbuilding & Heavy Industry Co., Ltd.

1974. 6 Inauguration of the Shipyard and Simultaneous Naming of First Two Supertankers

1978. 2 Change of Company Name to Hyundai Heavy Industries Co., Ltd.

1975.3~1985.6 Established Special Vessels, Offshore & Engineering, Industrial Plant & Engineering,

Engine & Machinery, Electro Electric Systems, Construction Equipment Divisions

1994. 6 Listed on the Korean Securities Dealers Automated Quotations,

Delivery of Korea’s First LNG Carrier

1999. 8 Listed on the Korean Stock Exchange

2002. 2 Disaffiliated from Hyundai Group and creation of Hyundai Heavy Industries group

(Hyundai Heavy Industries Co., Ltd., Asan Foundation and six other companies)

2002. 5 Acquired Samho Heavy Industries Co., Ltd.

2008. 9 Acquired HI Investment and Securities Co., Ltd. and HI Asset Management Co., Ltd.

(Underwriting company : Hyundai Mipo Dockyard Co., Ltd. )

2009. 12 Acquired Hyundai Corporation

2010. 8 Acquired Hyundai Oilbank Co., Ltd. (70% of Ownership and management)

2011. 2 Became the world’s first shipbuilder to deliver 1,700th ship

History

7

Ownership Structure

Chung Mong-joon

10.15% Hyundai Mipo

Dockyard Co., Ltd.

7.98%

National Pension

Service 5.62%

KCC 3.12%

Hyundai Motors

2.88%

Asan Foundation

2.53%

POSCO 1.94%

Asan Nanum

Foundation 0.65% Treasury

Shares19.36%

Others 45.77%

(As of December 31, 2012)

(Foreign Ownership : 19.28% )

8

Shipbuilding

56.0%

Offshore&

Engineering

16.0%

Industrial Plant

7.0%

Engine&

Machinery

10.0%

Electro Electric

9.0%

Construction

Equipment

1.0%

Others

1.0%

Shipbuilding

39.0%

Offshore&

Engineering

18.0%

Industrial

Plant 5.0%

Engine&

Machinery

11.0%

Electro

Electric

12.0%

Construction

Equipment

13.0%

Green

Energy 1.0%Others 1.0%

Shipbuilding

35.0%Offshore&

Engineering

15.0%

Industrial

Plant 12.0%

Engine&

Machinery

12.0%

Electro Electric

12.0%

Construction

Equipment

10.0%

Green Energy

3.0%Others 1.0%

Business Portfolio

2005 2010 2013 (E)

Shipbuilding/Engine

66%

Shipbuilding/Engine

47%

Shipbuilding/Engine

50%

10,354 bil. KRW

of total sales

22,405 bil. KRW

of total sales

26,857 bil. KRW

of total sales (E)

* 2005 sales are based on K-GAAP.

9

First to build LNG Carrier in Korea

(Jun. 1994) • 125,000 m3

Achieved world record production in 2-stroke

Markne engines (Sep. 2010) • 100 million bhp

Delivery of the World’s Biggest Jacket

(May, 1989)

• Exxon (U.S.A)

• 40,000 ton

No.1 in Global shipbuilding Market

(Since 1983) • HHI, HSHI, HMD : 12.16% (2011 delivery basis)

Recognized for building the ‘World Best

Ship’ for the 29th consecutive year

(Since 1983)

• Total 47 ships, World shipbuilding publications (Maritime Report and Marine Log)

Business Highlights

Completed World’s largest Saudi

Marafiq power plant (Apr. 2011)

• power generation 2,750 MW + desalination

176 MIGD

Achieved domestic record production in

Transformers (Feb. 2010)

• 600,000 MVA

Completion of World’s Largest Elf

Girassol FPSO (Feb. 2001) • 343,000 Ton

10

Business Structure

Shipbuilding

Industrial Plant

Engine &

Machinery

Offshore &

Engineering

Construction

Equipment

Electro Electric

Systems

DSME (KOR)

SHI (KOR)

DSME, SHI (KOR) Technip (FR) Saipem (Italy) McDermott (USA) Stolt Offshore (FR)

Siemens (GER) Hyundai E&C (KOR) Doosan Heavy (KOR) Samsung C&T Corporation (KOR)

Doosan, STX (KOR)

Mitsui (JPN)

Hudong, Dalian(China)

ABB (Sweden) Siemens (GER)

Hyosung (KOR)

Komatsu (JPN) Caterpillar (USA) Terex (USA) Doosan Infracore (KOR) Suntech, Yingli (CHN)

Vestas (DEN), GE (USA

HAPAG-LLOYD (GER)

C.P. OFFEN (GER)

AP MOLLER (Denmaark)

Seaspan (Canada)

Diamond Offshore (USA)

BP(UK) ExxonMobile(USA) SHELL(USA) TOTAL (FR) CHEVRON (USA) ENI NORGE (NOR) SHELL (US) MEW (KUWAIT) SEC (SAUDI)

HMD(KOR)

Shanghai (CHINA)

DSME, SHI (KOR)

State-Owned Power company

Utility, IPP company

Wagner&Co Solartechnik(GER) MHH Solartechnik (GER) Sun Energy Europe (GER) Albatech (Italy)

8.00 mil. GT

Floaters : 1~2 units Fixed Platform : 3~4 units Pipeline laying : 30km

Power plant : 1,000MW (4~5 projects)

Large Engines (500 units) :18 mil bhp Medium (1800 Units) : 5 mil bhp

Transformer (620 units)

120,000 MVA

29,000 units

(Excavators 16,000 units)

Solar Cell/module

: 510 MW

Wind Turbine : 600 MW

Division Main Products Major Clients Competitors Capacity Sales 2013(E)

39%

18%

5%

11%

12%

13%

1%

* Others : 1%

• Excavators • Wheel Loaders • Forklifts • Skid Loaders

• VLCCs, Tankers, Product Carriers, Chemical Tankers

• Containerships, Bulk Carriers, OBO Carriers

• Ro-Pax Ships, Ro-Ro Ships, Pure Car Carriers

Tankers / VLCCs

• LNG Carriers, LPG Carriers

• Drillships

• Submarines, Destroyers, Frigates

• Floating Units: FPSOs, FLNGs, FPUs, TLPs, Semi- Submersible Units • Fixed Platforms: Topsides, Jackets & Piles, Jack-ups, Modules & Quarters • Pipelines & Subsea Facilities: Subsea Pipelines • Offshore Installations: Platforms, Pipelines • Land-Based Modules • Power Plants: Combined-Cycle, Cogeneration, and Thermal Power Plants • Process Plants: Oil and Gas, Refinery, Tank Farm, GTL, and LNG Facilities • Plant Equipments: Industrial Boiler, HRSG, CFBF Boiler, Regenerator & Reactor

• Two-Stroke Diesel Engines, Four- Stroke(HiMSEN)Engines • Propellers and Crankshafts • Steam Turbines and Turbochargers • Diesel and Gas Power Plant Engines • Industrial and Marine Pumps, Industrial Robots, Side Thrusters • Presses, Conveyor Systems, and Steel Strip Process Lines

• Transformers, Gas Insulated Switchgear, Switchgear • Low- and Medium-Voltage Circuit Breakers • Rotating Machinery • Power Electronics and Control Systems

Green Energy • Solar/Wind Power Systems

11

Power

Plant

44%

Oil & Gas

32%

Others

24%

Marine

Engine

78%

Power

Plant

Engine 8%

Hydraulic

Machinery

4%

Robotics

10%

Fixed

Platforms&

Floaters

79%

Shipbuilding

5%

Subsea

Pipeline

16%

Shipbuilding Offshore & Engineering

Electro Electric Systems

Industrial Plant & Engineering

Engine & Machinery

Sales Breakdown by Product

* The above results are based on K-IFRS 2012 sales.

Construction Equipment

Green Energy

• Solar Power : 90% • Wind Power : 10%

Excavator

59%Folk Lift

15%

Wheel

Loader

11%

CKD

7%

Others

8%

Transformer

34%

High Voltage

Circuit

Breaker

15%

Low Voltage

Circuit

Breaker

6%

Switchgear

16%

Rotating

Machinery

25%

Others 4%

Container

ship 33%

Tanker

21%

Bulker 2%

Drillship

21%

P/C 4%

Special

4% PCTC 2%

LPG 5% LNG 7% Others 1%

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2012 2013(E) Change

Shipbuilding 9,766.4 10,475.0 7.3%

Offshore & Engineering 4,372.7 4,900.0 12.1%

Industrial Plant 1,479.7 1,357.6 -8.3%

Engine & Machinery 2,967.4 2,821.3 -4.9%

Electro Electric Systems 2,842.7 3,134.0 10.2%

Construction Equipment 3,120.2 3,600.0 15.4%

Green Energy 344.2 385.0 11.9%

Others 161.7 184.1 13.9%

Total 25,055.0 26,857.0 7.2%

19,567.0

29,676.0

-

10,000.0

20,000.0

30,000.0

40,000.0

2012 2013(E)

2013 Business Plan Sales (bil. KRW)

2012 2013(E) Change

Shipbuilding 6,143.0 7,750.0 26.2%

Offshore & Engineering 2,072.0 6,000.0 189.6%

Industrial Plant 4,077.0 6,000.0 47.2%

Engine & Machinery 1,858.0 3,100.0 66.8%

Electro Electric Systems 2,318.0 3,160.0 36.3%

Construction Equipment 2,773.0 3,272.0 18.0%

Green Energy 326.0 394.0 20.9%

Total 19,567.0 29,676.0 51.7%

New Orders (mil. USD)

New orders (mil. USD)

+51.7%

25,086.0 26,857.0

-

10,000.0

20,000.0

30,000.0

2012 2013(E)

Sales (bil. KRW)

+7.2%

13

25 affiliated companies in Hyundai Heavy Industries Group (Overseas corporations excluded)

Affiliates

• Changjuk Wind Power : As of Jan. 3. 2011, the date of addition as an affiliate

• Hyundai Energy & Resources : As of May. 2. 2011, the date of addition as an affiliate

• New Korea Country Club & Hyundai Oil Terminal Co., Ltd.: As of March. 2. 2012, the date of addition as an affiliate

14

Vladivostok

Tokyo

Beijing

Hyundai Financial Leasing Co., Ltd.

Grand China Shipping (Hong Kong) Company Limited

Chanzhou

Singapore

Mumbai Dubai

Jebel Ali

Abu Dhabi

Atlanta

(office, incorporated)

New Jersey

Houston

Istanbul

Athens

Luanda

Nigeria

Oslo

Rotterdam London

France Hyundai Ideal Electric Co.

Osaka

Moscow

NIKORMA

HHI China Investment Co., Ltd.

Tai’an

Saudi Arabia

Al Khobar

Fujairah

Alabama Shandong Yantai

Kuwait

Kuwait Offset

Spain

Hungary

Offices (22)

Production & Sales(14)

Management(5)

Construction(4)

Sales (3)

R&D(2)

Region Overseas

office Incorporated

firm (*1) Total

Europe 6 7 13

America 3 4 7

Asia 4 13 17

Middle East / Africa

9 4 13

Total 22 28 50

India

Bulgaria

Belgium Germany

Hyudai Heavy Industries shanghai R&D Co., Ltd.

VGF (in process)

Brazil

Established 22 Overseas offices and 28 Incorporated firms, a total of 50 global network.

• 22 overseas offices - Europe : 6, America : 3, Asia : 4, Middle East / Africa : 9

• 28 Incorporated firms - Production/sales : 14, Sales : 3, Construction : 4, Management : 5, R&D : 2

【Europe】

【Middle East / Africa】【Asia】

【America】

[HHI]

*1: Local site operation basis

Yangzhong

Global Network

Jakarta

15

Business Performance

16

2,043 2,809

6,792 8,488 8,272

11,470

15,730 13,635

444 4,061

10,905

6,143 7,750 4,357 2,968

3,025

4,917

7,835

7,236

9,290

13,838

10,291

13,147

14,419

13,424

21,926

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

`01 `02 `03 `04 `05 `06 `07 `08 `09 `10 `11 `12 `13

(Target)

Shipbuilding Non-Shipbuilding

6,400 5,777

9,817

13,405

16,107

18,706

25,020

27,473

10,735

25,324

New Orders Trend

(Mil. USD)

17,209

+51.7% YoY

19,567

29,676

17

New Orders & Sales by Division

* The financial information above is based on K-IFRS

* The backlog above is on a delivery basis

Backlog

2013

Target JulyAchieve

mentFull Year July Target July

Achieve

mentFull Year July July

Shipbuilding 10,475 6,053 57.8% 9,766 5,616 7,750 5,887 76.0% 6,143 4,361 21,661

Offshore&

Engineering4,900 2,706 55.2% 4,373 2,397 6,000 5,452 90.9% 2,072 1,246 19,839

Industrial Plant

&Engineering1,358 559 41.2% 1,480 752 6,000 176 2.9% 4,077 540 9,303

Engine &

Machinery2,821 1,198 42.5% 2,967 1,463 3,100 1,632 52.6% 1,858 1,350 3,875

Electro Electric

Systems3,134 1,541 49.2% 2,843 1,631 3,160 1,113 35.2% 2,318 1,479 2,410

Construction

Equipment3,600 1,839 51.1% 3,120 2,050 3,272 1,668 51.0% 2,773 1,817 -

Green Energy 385 162 42.1% 344 174 394 152 38.6% 326 143 128

Others 184 85 46.2% 162 94 - - - - - -

Total 26,857 14,143 52.7% 25,055 14,177 29,676 16,080 54.2% 19,567 10,936 57,216

Sales

2013 2012

(Unit: sales -bil. KRW, New Orders & Backlog -mil. USD)

New Orders

20122013

18

Shipbuilding

Bulk Carrier Containerships Special Vessels LPG VLCC Naval Ships LNG Car Carriers Drillship

19

16.7 18.1

26.1

18.4 20.5

41.9 44.3 45.1

67.8

93.5

54.2

15.3

37.8

28.1 21.3 21.0

0

20

40

60

80

100

1998 2000 2002 2004 2006 2008 2010 2012

Global

Korea

Japan

China

0

50

100

150

200

02 03 04 05 06 07 08 09 10 11 12 13

VLCC

Bulk Carrier(Capesize)

Container(4,800TEU)

Market

(Unit: mil. CGT, Source : Clarkson Research Studies)

Newbuilding Price Trend since 2002

Global Demand by vessel types in 2012, 2013

Shipbuilding

2012 : Global contracts reached 21.3 mil. CGT, decreasing by 24% YoY

2013 : Global contracts as of end of July recorded 21.0 mil. CGT

increasing by 96% YoY

Newbuilding Benchmark price Index

As of the end of July 2013, the shipbuilding price has reduced by 7.9%

from the beginning of 2012

- 4,800 TEU containerships -18.64%, Capesize bulk carriers 0%

(Source: Clarkson Research Studies / As of Aug. 16 2013)

From the beginning of 2012 -VLCC: -9.6% -Capesize B/C: 0% -4,800teu Containership: -18.64%

Global Demand

(Unit: mil. CGT, Source : Clarkson Research Studies)

<New orders in 2013>

Korea : 7.5 mil CGT

(M/S 35.7 %)

China : 8.8 mil CGT

(M/S 41.9 %)

Japan : 2.4 mil CGT

(M/S 11.4 %)

0.0

0.5

1.0

1.5

2.0

2.5

3.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July

Others LPGC LNGC CNTR B/C T/K

2012 2013

2013.July

20

Shipbuilding

39.0%

Others

61.0%

Overview

Annual Sales & New Orders

(Unit : sales - bil. KRW, New order – mil. USD)

Main Products

Sales Breakdown by Product (2012)

• VLCCs, Tankers, Product Carriers, Chemical Tankers

• Containerships, Bulk Carriers, OBO Carriers

• Ro-Pax Ships, Ro-Ro Ships, Pure Car Carriers

Tankers / VLCCs

• LNG Carriers, LPG Carriers

• Drillships

• Submarines, Destroyers, Frigates

Operational Highlights

Completion of Gunsan Shipyard (Mar. 2010)

Investment & Technical Corporation Agreement with OSX (May 2010)

10% of stake in OSX(USD 61.9 mil.) in exchange for technical advise for

establishment of a shipyard

Delivery of first drillship (Sept. 2010)

Delivery of 1,700th vessel (Jan. 2011)

Shipbuilding

<July 2013>

- Sales : 6,053 -New order : 5,887

Sales Contribution(2012)

* 2005 ~ 2009 sales are based on K-GAAP.

6,443 7,557

9,084

9,003 7,849

9,487 9,766

10,475 11,470

15,730

13,635

444

4,061

10,905

6,143 7,750

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2006 2007 2008 2009 2010 2011 2012 2013(E)

Sales New order

Container

ship 33%

Tanker

21%

Bulker 2%

Drillship

21%

P/C 4%

Special

4% PCTC 2%

LPG 5% LNG 7% Others 1%

21

Backlog by Shiptype (2013)

Performance

New Orders in 2013

2012 Jan. Feb. Mar. Apr. May Jun. Jul. Total Target Achievement Details (mil. USD)

# of ship 38 9 0 6 12 9 10 10 56 - -

Amount

(mil. USD)6,143 937 0 570 1,049 1,733 681 917 5,887 7,750 76.0%

New Orders by Shiptype (2013)

Shipbuilding

-20 Containerships (2,204) -14 LPG Carriers (999) -8 Bulk Carriers (406) -5 Tankers (252) -4 Special Vessel (518) -2 LNG Carriers (436) -2 Others (443) -1 Semi Submersible Rig (629)

• Backlogs as of July 2013 on a delivery basis : 132 vessels, USD 21.66 bil.

• The above data is based on the amount • The above data is based on the amount

Bulker

7%LNG Carrier

7%

Others 17% Containership

37%

Tanker 4%LPG Carrier

17%

Semi

Submersible

Rig 11%

Container ship20%

Tanker4%

LNG Carrier18%

LPG Carrier7%

Drillship 31%

Special & Naval8%

Others4%

Semi Submersible

RIg6%

Bulkers 2%

22

5.1

6.4 6.2

4.8

6.2 6.0

0.3

0.81.8

0.9

1.1

0.3 0.9

0.8

1.2

0

1

2

3

4

5

6

7

8

9

10

2007 2008 2009 2010 2011 2012

Gunsan

Offshore

Ulsan

5.4

7.2

8.0

6.6

7.5

8.1

Delivery

Annual Delivery (mil. GT) Annual Delivery (number of vessels)

2007 2008 2009 2010 2011 2012

Ulsan 75 88 80 55 71 69

Offshore

(on-ground

building)

6 14 25 14 13 4

Gunsan - - - 10 9 11

Total

# of Ship81 102 105 79 93 84

Shipbuilding

23

Offshore & Engineering

FPSO Semi-Submersible Unit Drilling Rig Subsea Pipeline

24

Offshore &

Engineering

18.0%

Others 82.0%

1,935 2,222

3,095 3,423

3,413 3,729

4,373 4,900

1,997

1,102

2,978

2,352

3,069

4,480

2,072

6,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2006 2007 2008 2009 2010 2011 2012 2013(E)

Sales New order

Sales Contribution (2012)

Overview




• Floating Units: FPSOs, FLNGs, FPUs, TLPs, Semi Submersible Units

• Fixed Platforms: Topsides, Jackets & Piles, Jack-ups, Modules & Quarters

• Pipelines & Subsea Facilities: Subsea Pipelines

• Offshore Installations: Platforms, Pipelines

• Land-Based Modules

Main Products



<July 2013> - Sales : 2,706 - New order : 5,452


Fixed

Platforms&

Floaters

79%

Shipbuilding

5%

Subsea

Pilepline

16%

Received USD 1.1 bil. of Goliat FPSO order (Feb. 2010)

Received USD 0.9 bil. of Barzan offshore platform order (Jan. 2011)

Received USD 1.2 bil. of BP Q204 FPSO order (Feb. 2011)

Received USD 0.6 bil. of BP Clair Ridge platform order (Mar. 2011)

Received USD 1.1 bil. of Aasta Hansteen Topside order (Jan. 2013)

Received USD 1.9 bil. of Moho Nord TLP & FPU order (Mar. 2013)

Received USD 1.9 bil. of Rosebank FPSO order (Apr. 2013)

25

Performance

New Orders by Type

($ mil.) 2008 2009 2010 2011 2012 July 2013

Fixed 1,113 2,196 1,501 2,121 1,621 194

Floating 1,704 46 1,303 1,819 412 5,178

Subsea Pipeline 145 100 252 539 31 58

Others 16 9 13 1 8 22

Total 2,978 2,351 3,069 4,480 2,072 5,452

Performance Record

Major Projects in 2009/2010

Gorgon LNG (Oct. 2009)

- LNG processing modules fabrication ($2.1 bil. from Chevron)

Myanmar SHWE Field development project (Feb. 2010)

- Installation of gas production & processing platform, pipeline & onshore terminal ($1.4 bil. from Daewoo International Corp.)

Goliat FPSO (Feb. 2010)

- Cylindrical Floating Production Storage Offloading unit ($1.1 bil. from ENI Norge AS)


(1976 ~ July 2013)

Total number

of projectsMajor Projects

Platforms 84· Bongkot 4A Platform

(PTTEP, 2012)

Onshore Facilities 10· Sakhalin-1 OPF Onshore Modules

Fabrication(ExxonMobil, 2006)

Jack-up rig 3· Harsh Environment Jack-up PDQ

(BP, 1994)

Semi-submersible

Drilling Rig10

· Deepwater Horizon Semi-

Submersible Drilling Unit

(R & B Falcon, 2000)

FPSO 10 · Usan FPSO (TOTAL, 2012)

TLP 2· West Seno Field Development

(Chevron, 2003)

FPU 4 · Moho Bilondo FPU (TOTAL, 2008)

5,192 km· Paradip SPM Pipeline

(IOCL, 2012)

Fixed

Floating

Subsea Pipelines

Type

26

Performance

Major Projects Awarded in 2011

Qatar, Barzan Offshore Project

- Date : Jan. 2011

- Price : USD 860 million

- Owner : RasGas Company

- Completion : Nov. 2013

- Details : Fabrication and Installation of

Wellhead Platforms, Living Quarters,

Onshore & Offshore pipeline (EPC)


UK, Q204 FPSO UK, Clair Ridge Platform

- Date : Feb. 2011

- Price : USD 1.2 billion

- Owner : BP

- Completion : May 2016

- Details : Construction of FPSO (EPC),

Processing 0.32 million bpd, storing

0.8 million bbls

- Date : Mar. 2011

- Price : USD 620 million

- Owner : BP



Drilling and Quarters Platforms (EPC)

27

Performance

Norway, Aasta Hansteen Spar Topside

- Date : Jan. 2013


- Owner : Statoil

- Completion : Feb. 2016


Spar Topsides (EPC)


Congo, Moho Nord TLP & FPU UK, Rosebank FPSO

- Date : Mar. 2013


- Owner : Total

- Completion : May 2015 (TLP)

Jun. 2016 (FPU)


Tension Leg Platform and

Floating Production Unit (EPC)

- Date : Apr. 2013


- Owner : Chevron


- Details : Construction of FPSO (EPC)

Processing 100,000 BOPD (Oil),

190 MMSCFD (Gas),

storing 1.05 million bbls

TLP (Tension Leg Platform)

FPU (Floating Production Unit)

Major Projects Awarded in 2013

28


Co-Generation Plant Process Plant Thermal Power Plant Combined Cycle Power Plant

29

Industrial Plant

& Engineering

5.0%

Others 95.0%

602

10171374

1898

2645 2761

1480 1358

846

1,544

2,076

2,826 2,010

1,014

4,077

6,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2006 2007 2008 2009 2010 2011 2012 2013(E)

Plant Sales Plant New order


Overview




Main Products

Power Plants

Combined-Cycle, Cogeneration, and Thermal Power Plants

• Process Plants

Oil and Gas, Refinery, Tank Farm, GTL, and LNG Facilities

• Plant Equipments

Industrial Boiler, HRSG(Heat Recovery Steam Generator),

CFBC(Circulating Fluidized Bed Combustor) Boiler, Regenerator & Reactor



<July 2013>

- Sales : 559 - New order : 176


• Received a USD 1.0 bil. Das Island order (Jul. 2009)

• Received a USD 2.6 bil. Sabiya order (Sept. 2009)

• Signed an MOU for supplying ITER vacuum vessel (Jan. 2010)

• Received a USD 1.6 bil. Riyadh order (Jun. 2010)

• Received a USD 3.2 bil. Jeddah South order (Oct. 2012)

• Received a USD 3.3 bil. Shuqaiq order (Aug. 2013)

Power

Plant

44%

Oil & Gas

32%

Others

24%

30

Performance Performance Record New Orders by Type

(mil. USD) 2008 2009 2010 2011 2012 July 2013

Power Plants 1,727 1,412 1,601 9 3,510 49

Chemical Plants 117 1,177 145 493 253 2

Plant equipment 232 237 264 512 314 125

Total 2,076 2,826 2,010 1,014 4,077 176


Major Projects in 2012/2013

(1976 ~ July 2013)

Project Type Major Projects

Oil & Gas

Oil & Gas

· Integrated Gas Development (IGD) Project (ADGAS, UAE, 2013(E))

· Escravos Gas Plant Phase Ⅲ (Chevron Nigeria Ltd., Nigeria, 2010)

· Bonny Terminal Integrated Project (Shell Petroleum Development, Nigeria, 2008)

Tank Farm

· KOC Crude Oil Export Facilities Project (Kuwait Oil Company, 2008)

· JPR Zarpa Tank Farm Project (Jordan Petroleum Company, 2000)

Refinery & Petrochemical

· Jazan Refinery and Terminal Project, Package. 2 (Saudi Aramco, 2016(E))

· HCP No.2 BTX Project Daesan (HC Petrochem, Korea, 2013(E))

· Mumbai Diesel Hydro-Desulfurization Project (Hindustan Petroleum Company, India, 2000)

· HPC 2nd Petrochemical Complex Project (Hyundai Oilbank, 1997)

Gas To Liquid · Pearl GTL Feed Gas Preparation Project (Qatar Shell, 2011)

Power

Combined Cycle/ Simple Cycle Power Plant

· Riyadh PP 11 Independent Power Project (Dhuruma Electricity Company, Saudi Arabia, 2013(E))

· Sabiya Combined Cycle Gas Turbine Project (Ministry of Electricity and Water, Kuwait, 2013(E))

· Al Dur Independent Water and Power Project (Al Dur Power & Water Co., Bahrain, 2012)

· Marafiq Independent Water and Power Project (Jubail Water and Power Company, Saudi Arabia, 2010)

· Shaybah Power Generation Project (Saudi Aramco, Saudi Arabia, 2008)

Cogeneration

· Tihama Cogeneration Expansion Project Stage II (Tihama Power Company, Saudi Arabia, 2015(E))

· Saudi Aramco 3rd party Cogeneration Program (Tihama Power Company, Saudi Arabia, 2006)

Thermal

· Jeddah South Thermal Power Plant (Saudi Electricity Company, Saudi Arabia, 2017(E))

· Namjeju #3&4 Thermal Power Plant (KEPCO, Korea, 2007)

· Makkah-Taif Thermal Power Plant (Saline Water Conversion Corporation, Saudi Arabia, 1989)

Desalination Plant

· Taweelah A1 (ADWEA, UAE, 2002) · Taweelah B (ADWEA, UAE, 1995) · Umm Al Nar West (ADWEA, UAE, 1982) · Al Khobar Phase 2 (SWCC, Saudi Arabia,1981)

Jeddah South (Oct. 2012)

- 3.2 bil. USD / Saudi Electricity Company, Saudi Arabia - 2,400MW Oil fired Conventional Power Plant

Shuqaiq Steam Power Plant (Aug. 2013)

- 3.3 bil. USD / Saudi Electricity Company, Saudi Arabia - 2,640MW Oil fired Conventional Power Plant

31

Engine & Machinery

Marine Engine & Equip. Marine & Industrial Turbine Industrial & Marine Pump Industrial Robot & System Marine Propeller

32

Overview



Engine & Machinery


Main Products & Capacity


• Two-Stroke Diesel Engines (500 units, 18 mil. BHP)

• Four-Stroke(HiMSEN) Engines (1,800 units, 5 mil. BHP)

• Diesel and Gas Power Plant Engines

• Propellers and Crankshafts

• Steam Turbines and Turbochargers

• Industrial and Marine Pumps, Industrial Robots, Side Thrusters

• Presses, Conveyor Systems, and Steel Strip Process Lines

<July 2013>

-Sales : 1,198 -New order : 1,632



Surpassed cumulative four-stroke engine production of 20 mil. bhp (Mar. 2010)

Production of eco-friendly marine engine meeting new IMO standards (Mar. 2010)

• Received a 95MW PPS order from Venezuela (Apr. 2010)

• Received a 75MW diesel power plant order from Bangladesh (Apr. 2010)

• Development of high output eco-friendly gas engine (May 2010)

- 20% reduction of CO2 emission and 97% reduction of NOX emission

Surpassed cumulative two-stroke engine production of 100 mil. bhp (Sept. 2010)

Production of 1,000th Packaged Power Station (Jul. 2012)

Engine &

Machinery

11.0%

Others 89.0%Marine

Engine

78%

Power

Plant

Engine 8%

Hydraulic

Machinery

4%

Robotics

10%

1,220

1,646

2,522 2,772 2,835

3,096 2,967 2,821

1,880

3,248

4,646

1,452

2,283

3,176

1,858

3,100

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2006 2007 2008 2009 2010 2011 2012 2013(E)

Sales New order

33

Performance

Eco-Friendly Diesel Engine

-15 % reduction of NOx emission meeting new IMO standards

High output Eco-Friendly HiMSEN Gas Engine

- 20% reduction of CO2 emission compared to diesel engine

- 97% reduction of NOX emission to reach the world’s lowest

level

of 50ppm

- 47% improvement in engine performance

Ship Engine New Orders by Region

Engine & Machinery

Market Share in 2012 (%)

Large-size

Marine

Engine

Medium-size

Marine

Engine

Propeller

Diesel

power

plant

Domestic 52 50 90 95

Global 35 23 23 7

Diesel Power Plants order from Bangladesh (Apr. 2010)

- USD 70 mil. order for 70 MW diesel power plants from Bangladesh Power Development Board (BPDB)

Eco-friendly Engine products

Major Projects in 2010, 2011

PPS order from Venezuela (Apr. 2010)

- USD 160 mil. order for 204 MW, 120 Packaged Power Stations from electricity company Electricidad de Caracas, Venezuela

Diesel Power Plants order from Ecuador (May 2011)

- USD 74 mil. order for 140 MW diesel power plants from Equitatis, Equador

57%45%

67%

92%83% 87%

39%44%

33%

8%9% 9%

3% 11% 8% 4%

2007 2008 2009 2010 2011 2012

Domestic China Others

34


Transformers High Voltage Circuit Breakers Switchgears Marine Electrical Equip.

35

1,057

1,453

1,925

2,712

3,242

2,319

2,843 3,134

1,274

1,766

2,281 2,556

3,793

2,625 2,318

3,160

0

1,000

2,000

3,000

4,000

2006 2007 2008 2009 2010 2011 2012 2013(E)

Sales New Orders

Overview





Main Products



• Transformers (up to 765kV, 1,300MVA), Gas Insulated switchgear(25.8kV~800kV),

Low voltage Switchgear

• Low and Medium Voltage Circuit Breakers

• Rotating Machinery

• Power Electronics and Control Systems

<July 2013>

- Sales : 1,541 - New order : 1,113


Electro Electric

Systems 12.0%

Others 88.0%

Awarded Asia-Pacific Power Transmission Equipment Company of the Year

by Frost & Sullivan (Aug. 2009)

Received USD 0.25 bil. transformer order from South Africa (Nov. 2009)

Received USD 0.6 bil. transformer order from the US (May 2010)

Reached the transformer production milestone of 700,000MVA (Dec. 2010)

Received 1,000 GIS order from Russia (Jun. 2011)

Transformer

34%

High Voltage

Circuit

Breaker

15%

Low Voltage

Circuit

Breaker

6%

Switchgear

16%

Rotating

Machinery

25%

Others 4%

36

Performance

Sales by Region


• US transformer long-term supply contract (May 2010)

Major performance

- USD 600 mil. Order for supplying transformers ranging from

230kV to 500kV to Southern California Edison(SCE) for 10 years

from 2010 to 2019

- Largest transformer order to date

* The sales of Green Energy division is not included in 2011 & 2012 results


14% 14% 14% 11% 12%

4% 3% 4% 6% 9%

6% 4% 2% 1% 3%

7%11%

20%

5%7%

16%29%

18%

18%

21%3%

3% 4%

8%2%

49%35% 38%

51% 46%

2008 2009 2010 2011 2012

Domestic Others Middle East Europe

Africa Asia North America

Major Projects

Project Type Major Projects

Generator Installation · West Generating Project (U.S.A)

Power Transmission & Mutation Installation

· British Columbia Hydro & Power Authority (Canada)

Iron Manufacture Installation

· NUEVA VENTANAS 240MW Coal Fired Power Project (Chile)

Water Treatment & Cement & Petrochemical

Installation

· KODECO IKC Project (Indonesia)

Automotive Goods

· Seoul Metro (South Korea)

Marine Goods · Royal Nedlloyd Group (Netherlands)

Ocean Installation · Al-Jubail Saline Water Conversion (Saudi Arabia)

Marine Steam Turbine · Hyundai Merchant Marine LNG Carrier – 22,000MW Marine Steam Turbine (South Korea)

Know-how Export · Gas Insulated Switchgear : TATUNG Company (Taiwan)

Fresh Water Installation

· Shuweihat S2 IWPP Project (U.A.E.)

37


Crawler Excavator Wheel Loader Forklift Truck Skid Steer Loader Mini Excavator Wheel Excavator

38


13.0%

Others 87.0%

1,198 1,512

1,769

1,190

2,275

3,052 3,120

3,600

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2006 2007 2008 2009 2010 2011 2012 2013(E)

Overview

(Unit : sales - bil. KRW)

Annual Sales


Main Products



<July 2013>

- Sales : 1,839

• Excavators (Local 16,000 units, China 18,874 units, India 1,800 units) • Wheel Loaders (2,900 units) • Forklifts (9,500 units) • Skid Loaders (600 units)



Introduction of Hi-Mate remote management system (May 2009)

9-series excavators recognized at Korea’s Pin-up Design Awards (Dec. 2009)

Introduction of new 9-series wheel loader (May 2010)

Breaking ground for wheel loader factory in China (Jul. 2010)

Introduction of 120-ton excavator (Apr. 2011)

Production of 350,000th construction equipment (Oct. 2011)

Excavator

59%Folk Lift

15%

Wheel

Loader

11%

CKD

7%

Others

8%

39

Construction Equipment Sales by Region

Performance Construction Equipment

Excavators Sales in China

※ Others includes Middle East (14%), Russia (9%), South America (7%), Southeast Asia (6%), Africa (6%), Turkey, Australia and etc.

July 2012 July 2013 YoY

Market 77,329 70,382 -9.0%

H H I 6,561 5,405 -17.6%

M/S 8.5% 7.7% -0.8%p

Excavator Sales in China

HHI’s Excavator Market Share by Region

※ 2007 ~ 2009 sales are based on K-GAAP.

(Source : Company data)

(Source : China construction machinery association)

41,500

60,856 71,767

93,237

162,908 162,908

104,908

70,382

9,138 9,495 8,377 10,101

18,467 17,294

8,540

5,405

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

0

30,000

60,000

90,000

120,000

150,000

180,000

2006 2007 2008 2009 2010 2011 2012 2013.July

Market size(Left)

HHI(Right)

6% 6% 2% 3% 3% 3%3% 4% 6% 10%

21% 17%

3%6% 7%

8%

20%17%

28% 22% 17%16%

14%

11%25% 27%

19%4%5%

39%49%

39% 38%48%

54%

2007 2008 2009 2010 2011 2012

Others

Brazil

China

Domestic

Europe

North America

India

2010 2011 2012

Domestic 33.2% 32.4% 27.5%

Global 8.6% 8.0% 8.7%

China 11.3% 10.2% 8.1%

India 11.3% 13.9% 17.3%

40

Green Energy

Solar Power Wind Power

41

Solar Cell Solar Module Thin-film

Solar module Solar System

(Inverter)

Picture

Facilities Solar Cell Plant

(Eumseong, Korea)

Solar Module Plant

(Eumseong, Korea)

Hyundai Avancis

(Ochang, Korea)


Division (Ulsan, Korea)

Annual Capacity

(2012) 600MW 600MW 100MW 500MW

Details

- Mono-crystalline, Poly- crystalline solar cells produced

- 54 cell(6X9), 60 cell(6X10), 72 cell(6X12) modules produced

- JVC with Saint-Gobain (50:50) - CIGS (Cu, In, Ga, Se) thin- film solar module produced

- Grid-Tied Solar Inverter with/without transformer

Solar Power

Vertically Integrated Solar company with 600MW capacity of polysilicon-based solar modules

Thin-film solar cell production facility with 100 MW capacity in 2013

Capacity and Sales

2005 2007 2008 2009 2010 2011 2012

Capacity

Cell (MW) 30 30 60 370 370 580 600

Modules (MW)

20 30 70 170 510 560 600

Sales (KRW bil.)

% of total HHI Sales

50

0.4%

107

0.6%

150

1.3%

591

2.6%

399

1.6%

344

1.4%

Solar Product Certification

- UL Listed

- IEC 61215 edition 2, IEC 61730 (TUV)

- J-PEC

- JET Cert

- CE Declaration

- MCS (UK)

- CSTB (France)

- Ammonia resistance test * The above capacity expansion and sales plan is subject to change according to the market situation.

42

Wind Power

- HHI’s production : Nacelle part (Geared & Gearless)

- Outsourcing : Rotor Part (Blade, Hub), Tower

Generator

(HHI)

Gear box

(Jake)

Power converter

(HHI)

Transformer

(HHI)

(Installed in Tower)

Wind Turbine Production facilities

HHI’s Products & Certification

(Geared Type)

Model

Rated

Power

(MW)

Gear

Type

Installation

Type On Market

HQ1650 1.65 Geared Onshore Jun. 2009

HQ2000 2.0 Geared Onshore Jun. 2010

HQ5500 5.5 Geared Offshore -

Nacelle Part

Wind Turbine System Structure Company Name Details

Wind Turbine plant (HHI)

- Located in Gunsan, Korea

- Annual Capacity: 600MW

- Capex: KRW 110 bil.

Weihai Hyundai Wind Power Technology

- Located in Weihai, China

- Annual Capacity: 600MW (2MW X 300 units)

- JVC with Datang Shandong Power Generation

(80% by HHI)

Jahnel-Kestermann (Jake)

- Located in Bochum, Germany

- Annual Capacity: approx. 500 units of gearbox

* On Market: based on proto-type installation date

43

Subsidiaries

44

Hyundai Oilbank

Refining Unit

Upgrading Unit

Crude oil 100%

(390,000 b/d)

LPG, Naphtha, Gasoline 19% Kerosene, Diesel 37%

Bunker C 44%

Gasoline, LPG 46%

Diesel 37%

Propylene 9%

Others 8%

Total CAPEX : KRW2.6 tril.

(JUl. 2006~ Feb. 2011)

• Completion of # 2 HOU Plant 34.4% With the completion of # 2 HOU plant in Jan., 2011, Hyundai Oilbank achieved a ratio of 34.4%, the highest upgrading ratio in the industry

At a Glance

• Domestic Light Oil Market Share 22.1% Number of Service Stations : 2,359 * As of November 2012

• Production Capacity 390,000B/D #1 : 110,000 B/D, #2 : 280,000 B/D

Facilities & Products

• HHI’s Management Control 91.1% Acquired by HHI in Aug., 2010

45

2010 2011 2012 2013. 1H

Sales 13,295.4 18,958.6 21,523.9 9,716.9

Operating Income 235.4 594.7 308.4 255.6

% 1.8 3.1 1.4 2.6

Net Income 409.2 360.7 156.5 66.3

% 3.1 1.9 0.7 0.7

(Unit: KRW billion)

Income Statement

2010 2011 2012 2013. 1H

Total Assets 7,323.2 8,642.6 8,506.5 8,989.8

Total Liabilities 4,887.3 5,899.5 5,618.8 6,035.0

Total Shareholder’s Equity

2,435.8 2,743.2 2,887.6 2,954.8

Liabilities-to- Equity Ratio(%)

200.6 215.1 194.6 204.2

(Unit: KRW billion)

Financial Position

Hyundai Oilbank

* The financial information of 2009 is based on K-GAAP.

2012 2010 2011

7,323.2 8,642.6 8,506.5

200.6%215.1%

194.6%

Assets

Liabilities-

to-Equity

Ratio

235.4

594.7

308.4

13,295.4

18,958.621,523.9

Operating

Income

Sales

2012 2010 2011

46

Containership16%

Bulker6%

P/C8%

LNG Carrier29%

LPG Carrier6%

Semi Submersible

Rig11%

FPU Hull4%

PCTC13%

Tanker 7%

New Orders in 2013

2012 Jan. Feb. Mar. Apr. May Jun. Jul. Total Target Achievement Details (mil. USD)

# of ship 16 0 0 10 10 6 0 13 39 36 108.3%

Amount

(mil. USD)2,508 0 0 716 689 396 0 1,031 2,832 4,500 62.9%

At a Glance

Hyundai Samho

• Production Capacity 4.3 mil. GT - Delivered 42 vessels in 2012 - # of dry docks : 2

• 2013 Order Target

• 2013 Sales Target

Backlog by Shiptype (2013)

4,500 mil. USD

3,717 bil. KRW

• Backlogs as of July 2013 on a delivery basis : 65 vessels, USD 6.89 bil.

• The above data is based on the amount

-11 P/Cs (547) -10 PCTCs (687) -6 LPG Carriers (450) -4 Bulk Carriers (254) -4 Containerships (322) -2 Tankers (114) -1 FPU Hull (270) -1 High Lift Vessel (188)

47

2010 2011 2012 2013. 1H

Sales 4,316.6 4,828.7 4,231.8 1,798.9

Operating Income 830.3 804.3 254.0 16.9

% 19.2 16.7 6.0 0.9

Net Income 631.6 551.0 -13.4 20.5

% 14.6 11.4 -0.3 1.1

(Unit: KRW billion)

Income Statement

2010 2011 2012 2013. 1H

Total Assets 7,262.8 6,954.7 6,978.9 6,696.2

Total Liabilities 4,325.8 3,741.7 3,641.1 3,390.1

Total Shareholder’s Equity

2,937.0 3,213.0 3,337.7 3,306.1

Liabilities-to- Equity Ratio(%)

147.3 116.5 109.1 102.5

(Unit: KRW billion)

Financial Position

2010 2011 2012

2012 2010 2011

Hyundai Samho

* The financial information of 2009 is based on K-GAAP.

830.3804.3

254.0

4,316.6 4,828.7

4,231.8Operating

Income

Sales

7,262.8 6,954.7 6,978.9

147.3%116.5% 109.1%

Assets

Liabilities-

to-Equity

Ratio

48

Financial Performance

49

455275

-1

879

1,751

2,206

2,223

3,632

2,629

1,285

5.6%

3.4%

0.0%

0.9%

7.0%

11.3% 11.1%10.5%

16.2%

10.5%

5.1%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

-500

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

`02 `03 `04 `05 `06 `07 `08 `09 `10 `11 12

8,134 8,153 9,084

10,354

12,555

15,533

19,957 21,142

22,408

25,020

25,055

0

5,000

10,000

15,000

20,000

25,000

30,000

`02 `03 `04 `05 `06 `07 `08 `09 `10 `11 12

Sales (KRW bil.) Operating profit (KRW bil.)

(Data from 2010 are based on K-IFRS)

Sales & Operating Profit (Parent)

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Sales 8,134 8,153 9,084 10,345 12,555 15,533 19,957 21,142 22,408 25,020 25,055

Operating Profit

455 275 -1 91 879 1,751 2,206 2,223 3,632 2,629 1,285

Net Income

-245 114 37 74 713 1,736 2,257 2,147 2,835 1,946 1,105

49

50

Capital Structure (Parent)

(Unit : bil. KRW)

(Data from 2010 are based on K-IFRS)

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Assets 9,778 10,604 10,930 11,593 12,996 16,824 25,280 24,873 28,570 29,921 30,638

Liabilities 6,874 7,128 7,309 7,832 8,675 11,333 19,685 15,064 15,498 15,201 15,448

Shareholder's Equity 2,904 3,476 3,621 3,659 4,321 5,448 5,595 9,808 13,073 14,719 15,190

Liabilities-to-Equity Ratio 236.7% 205.1% 201.9% 214.0% 200.8% 208.0% 351.8% 153.6% 118.5% 103.3% 101.7%

236.7%

205.1% 201.9% 214.0%

200.8% 208.0%

351.8%

153.6%

118.5%

103.3%

101.7%

0%

50%

100%

150%

200%

250%

300%

350%

400%

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

50

51

Statements of Comprehensive Income (K-IFRS consolidated)

2Q 2013 sales recorded KRW 13,091 bil., operating income 289.0 bil.

- QoQ : Despite sales increase in other major segments, overall sales decreased due to a regular maintenance of #2 CDU in Refinery segment. Operating income decreased due to sales decline and worsening of cracking margin in Refinery segment. - YoY : Sales decreased due to fall in oil prices and a regular maintenance of #2 CDU in Refinery segment. Operating income decreased due to profit decline in Shipbuilding / Engine & Machinery segment.

(unit : bil. KRW)

1Q 2013 2Q 2012

QoQ YoY

13,091.0 -0.4% -4.4% 13,142.9 13,700.4

Cost of sales 12,029.9 -0.8% -5.6% 12,132.5 12,736.8

1,061.1 5.0% 10.1% 1,010.4 963.6

289.0 -23.5% -20.2% 377.7 362.2

2.2% -0.7%p -0.4%p 2.9% 2.6%

364.0 - - 388.8 153.5

(558.7) - - (406.0) (255.8)

Equity method income (0.4) - - (14.0) (48.2)

93.9 -72.9% -55.6% 346.5 211.7

69.3 -78.3% -49.2% 319.7 136.4

0.5% -1.9% -0.5%p 2.4% 1.0%

100.6 -68.4% -25.0% 318.4 134.2Profit attributable to owners of the

company

Net income margin

2Q 2013

Net income

Operating income

Other non-operating income

Sales

Gross profit

Net income before income taxes

Operating income margin

Finance income

52

Statements of Financial Position (K-IFRS consolidated)

(unit: bil. KRW)

As of Jun.30 2013 As of Dec.31 2012

Total Assets 52,724.0 49,273.1 3,450.9 7.0%

28,585.4 25,278.6 3,306.8 13.1%

1,908.7 1,107.7 801.0 72.3%

24,138.6 23,994.5 144.1 0.6%

33,610.5 30,531.8 3,078.7 10.1%

25,179.4 22,174.0 3,005.4 13.6%

8,431.1 8,357.8 73.3 0.9%

19,113.5 18,741.3 372.2 2.0%

175.8% 162.9% 12.9%p -

76.6% 79.1% -2.5%p -

Total borrowings 14,643.8 14,826.5 (182.7) -1.2%

Libilities-to-Equity Ratio

Change

Debt-to-Equity Ratio

Current Assets

Non-current Assets

Total Liabilities

Current Liabilities

Non-current Liabilities

Shareholders' Equity

*Cash & Cash Equivalents

※ Debt status of major consolidated subsidiaries As of Jun. 30 2013 : HHI 6,480 Hyundai Oilbank 3,095 HSHI 1,617 HI Investment & Securities 1,982 As of Dec. 31 2012 : HHI 6,542 Hyundai Oilbank 3,005 HSHI 1,916 HI Investment & Securities 1,829

52

53

Q & A

54

Thank You Http://www.hhiir.com

*For More Information

IR Team

E-mail: [email protected]

Tel: +82-2-746-4728, 4546, 7858

Fax: +82-746-4662

Website: www.hhi.co.kr (Company) /www.hhiir.com (IR)

http://www.hhi.co.kr/

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