(2016.01) - hhi.co.kr · (2016.01) 2 Important Notice This presentation of Hyundai Heavy Industries (HHI) contains forward-looking statements relating to HHI’s operations that are

1

(2016.01)

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

HHI at a Glance

Financial Performance

Business Performance

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 6,672 bil. (As of December 30, 2015)

Credit Rating : A2+ (Commercial Paper), A+ (Corporate Bond)

Korea’s large conglomerate ranking : 8th

(Excluding public companies, based on total assets)

No. of employees : 26,710 (Average 17.6 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,

Refinery, Financial Services

Summary

6

History

1970~2002 2002~2011 2012~2015

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

11. 2000 Selected as a main contractor of the next Korean submarine builder

02. 2009 Completion of ‘H-Dock’, eligible for 1,000K Ton FPSO construction

04. 2011 Completion of World’s largest Saudi MARAFIQ power plant (2,750MW)

02. 2014 Delivery of the world’s first LNG-FSRU

04. 1975 Establishment of Hyundai Mipo Dockyard

05. 2002 Acquisition of Samho Heavy Industries Co., Ltd.

10. 2004 Launch of World’s first ship built on the ground (105K DWT Crude Oil Carrier)

06. 1994 Delivery of Korea’s first LNG Carrier

02. 2015 Completion of the World’s largest cylindrical FPSO

03. 2015 Breakthrough the production of accumulating 9,000 HiMSEN Engines

08. 1999 Listed on the Korean Stock Exchange

02. 2001 Completion of the World’s largest deep-sea FPSO (343K Tons)

08. 2010 Acquisition of Hyudai Oilbank Co., Ltd. (70% of ownership and management)

02. 2002 Separation from Hyundai Group and foundation of HHI Group

05. 2015 Delivery of 2,000 ships, for the first in the world.

12.2015 Produced Eco-friendly ‘Tier-III’ engine for the first in the world

01. 2015 Recognition as the World’s Significant Ship for 32 consecutive years

7

Delivery of 2,000 ships, for the first in the world

(May, 2015)

Formation of the world record in production of 2-stroke marine engines (Sep. 2010)

• 100 million BHP

Delivery of World’s Biggest Jacket (May .1989) • Exxon (USA) • 40,000 ton

Delivery of Korea’s first LNG Carrier (Jun. 1994)

• 125,000 m3

Delievery of World Largest Containership

(Nov.2014)

Business Highlights

Completed World’s largest Saudi MARAFIQ power plant (Apr. 2011)

• Power generation of 2,750 MW • Desalination of 176 MIGD

Achievement of domestic record in production of Transformers(Feb. 2010)

• 600,000 MVA

Completion of World’s largest cylindrical FPSO (Feb. 2015)

8

Ownership Structure

(As of December 31, 2014)

Chung Mong-joon

10.15%

Hyundai Mipo

Dockyard Co., Ltd.

7.98%

National Pension

Service 4.69%

KCC 3.04%

Hyundai Motors 2.88%

Asan Foundation 2.53%

POSCO 1.94%

Asan Nanum

Foundation 0.65%

Treasury Shares 19.36%

Others 46.78%

(Foreign Ownership : 12.14% )

9

Business Structures

Shipbuilding

Offshore & Engineering

Industrial Plant &

Engineering

Engine & Machinery

Electro Electric Systems

Green Energy

Construction Equipment

Refinery

Financial Services

Divisions

• VLCCs, Tankers, Product Carriers, Chemical Tankers • Containerships, Bulk Carriers, OBO Carriers • Ro-Pax Ships, Ro-Ro Ships, Pure Car and Truck Carriers • LPG Carriers, LNG Carriers • Drill Ships, Semi-Submersible Rigs • Submarines, Destroyers, Frigates

• Floating Units : FPSO, FLNG, FPU, TLP, Semi Submersible Unit • Fixed Platforms : Topsides Jacket & Pile, Jack-up, : Modules & Quarters • Pipelines & Subsea Facilities, Land-based Modules • Offshore Installations

• Power Plants t : Combined-Cycle, Thermal Power Plants • Process Units t : Oil and Gas Refinery, Tank Farm, GTL and LNG Facilities • Plant Equipment : Industrial Boiler, HRSG, CFBF, Boiler, Regenerator and Reactor

• Marine Engines : 2-Stroke and 4-Stroke(HiMSEN) Engines, Components, Marine Propulsion & Equipment • Industrial Machinery : Pump, Compressor • Robot & Automation : Processor, Conveyor System, Robot

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

• Excavator • Wheel Loader, Skid Loader • Forklift

• Solar Power Systems

• Petroleum : LPG, Gasoline, Kerosene, Jet Fuel • Petrochemicals : Propylene, Alkylate, BTX, Naphtha

• Securities Brokerage • Asset Management, Leasing • Futures • Corporate Finance

Main Products

• Hapag-Lloyd (DEU) • C.P. Offen (DEU) • CMA CGM (FRA) • A.P. Moller (DEN) • Seaspan (CAN) • Enesel S.A. (GRC)

• BP (GBR) • Exxon Mobil (USA) • Shell (USA) • Chevron (USA) • Total (FRA) • ENI Norge (NOR)

• Shell (USA) • MEW (KWT) • SEC (SAU)

• HMD (KOR) • DSME (KOR) • SHI (KOR) • Shanghai (CHN)

• Aramco (SAU) • KEOCI (KOR) • DSME (KOR) • Daelim (KOR)

Main Clients

• DSME (KOR) • SHI (KOR)

• DSME (KOR) • SHI (KOR) • Technip (FRA) • Saipem (ITA) • Mc Dermott (USA)

• Siemens (DEU) • Hyundai E&C (KOR) • Doosan Heavy (KOR) • Samsung C&T Corp. (KOR)

• Doosan (KOR) • STX (KOR) • Mitsui (JPN) • Hudong Dalian (CHN)

• ABB (SWE) • Siemens (DEU) • Hyosung (KOR)

• Komatsu (JPN) • Caterpillar (USA) • Doosan Infracore (KOR)

• LG, Hanwha (KOR) • SolarWorld (GER)

• SK Innovation (KOR) • GS-Caltex (KOR) • S-Oil (KOR)

Competitors Capacity

• 10 mil. GT

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

• Power Plant : 1,000MW (4~5 PJTs)

• Large Engines (500 units) : 18 mil. BHP • Medium (1,800 units) : 5 mil. BHP

• Transformer (620 units) : 121,400 MVA • Wind Turbine : 600MW

• 42,900 units (Excavator 26,200 units)

• Solar Cell/Module : 600MW

• 390,000 B/D

10

Sales Breakdown

Shipbuilding

(KRW 16,432.2 bil.)


(KRW 4,653.4 bil.)

Industrial Plant & Engineering

(KRW 2,409.2 bil.) Engine & Machinery

(KRW 1,518.1bil.)


(KRW 2,354.6 bil.)


(KRW 2,866.8 bil.)

Green Energy

(KRW 312.3 bil.)

Others

(KRW 206.2 bil.)

Financial Services

(KRW 742.5 bil.)

Refinery

(KRW 21,087.1 bil.)

31.3%

8.8%

4.6%2.9%4.5%5.5%

0.6%

40.1%

1.4% 0.4%

(2014 Consolidated basis, preliminary results)

11

27 affiliated companies in Hyundai Heavy Industries Group (Including HHI, excluding overseas corporations)

Affiliates

12

Vladivostok

Tokyo

Beijing

Hyundai Financial Leasing Co., Ltd.

Singapore

Atlanta (office, incorporated)

New Jersey

Houston

Istanbul

Athens

Luanda

Nigeria

Oslo

Rotterdam London

France Hyundai Ideal Electric Co.

Osaka

Moscow

HHI China Investment Co., Ltd.

Tai’an

Riyadh Al Khobar

(office, incorporated)

Alabama

Kuwait

Hungary

Offices (17)

Production / Sales(14)

Management(3)

Construction(4)

Sales (3)

R&D(2)

Region Overseas office

Incorporated firm Total

Europe 5 9 14 America 3 4 7

Asia 3 12 15 Middle East /

Africa 6 3 9

Total 17 28 45

India

Bulgaria

Belgium Germany

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

Khorol Agro, Mikhailovka Agro, Hyundai Electrosystems

Brazil

Established 17 Overseas offices and 28 Incorporated firms, a total of 45 global network.

• 17 overseas offices - Europe : 5, America : 3, Asia : 3, Middle East / Africa : 6

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

【Europe】

【Middle East / Africa】【Asia】

【America】

[HHI]

Yangzhong

Global Network

Agriculture(2)

Dubai Jebel Ali

Shandong Yantai Weihai Chanzhou

Jakarta

13

Financial Performance

14

Quarterly Operating Income Margin (Consolidated)

Recorded KRW 3.2 tril.of operating loss in 2014 reflecting KRW 1.6 tril.of provision mostly for three semi rigs, two power plant projects and offshore production facilities

One off losses of early retirement benefit reflected in 2015

13.47%

7.69% 6.99% 6.05%

7.07%

2.64%

4.55%

0.41%

2.87% 2.21% 1.69%

-0.59% -1.40%

-8.62%

-15.60%

-0.16% -1.57% -1.43%

-8.22%

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

15

Financial Summary (Consolidated)

Operating Profit (in billion KRW) Sales (in billion KRW)

Liabilities to Equity Ratio Debt to Equity Ratio

4,561

2,006 802

-3,250 -1,261

8.5%

3.6% 1.5%

-6.2% -3.6%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

-4,000

-2,000

0

2,000

4,000

6,000

'11 '12 '13 '14 '15.3Q

Operating Profit(Left) OP Margin(Right)

53,711.7

54,973.7

54,188.1

52,582.4

51,000.0

52,000.0

53,000.0

54,000.0

55,000.0

56,000.0

'11 '12 '13 '14

30,824 30,532 34,175 36,746 36,461

169.6% 162.9% 179.6%

220.8% 234.1%

0.0%

50.0%

100.0%

150.0%

200.0%

250.0%

0

10,000

20,000

30,000

40,000

'11 '12 '13 '14 '15.3Q

Liabilities(Left) Liabilities to Equity(Right)

11,057 14,827 15,843 16,543 17,886

60.8% 79.1% 83.3%

99.4% 114.8%

0.0%

50.0%

100.0%

150.0%

0

5,000

10,000

15,000

20,000

'11 '12 '13 '14 '15.3Q

Debt(Left) Debt to Equity Ratio(Right)

16

Financial Summary (Consolidated) (Unit : Bil. KRW)

53,711.7 100.0% 54,973.7 100.0% 54,188.1 100.0% 52,582.4 100.0% 35,092.6 100.0%

4,561.0 8.5% 2,005.5 3.6% 802.0 1.5% (3,249.5) -6.2% (1,261.0) -3.6%

Shipbuilding 2,494.3 13.6% 1,047.1 5.9% 12.6 0.1% (1,895.9) -11.5% (618.9) -4.9%

Offshore 391.0 10.5% 319.3 7.3% 282.4 5.9% (230.3) -4.9% (1,019.9) -33.1%

Industrial Plant 252.4 9.4% 106.5 7.4% 61.4 5.0% (1,130.8) -46.9% 17.1 0.5%

Engine &Machinery

602.2 28.0% 347.7 17.3% 118.3 6.9% (10.9) -0.7% 23.8 1.8%

Electro Electric 153.2 6.4% (74.3) -2.6% 90.5 3.3% 86.3 3.7% 87.7 4.7%

ConstructionEquipment

461.9 10.8% 276.5 7.3% 194.3 5.9% (33.4) -1.2% (29.9) -1.6%

Green Energy (175.0) -46.0% (106.3) -31.5% (103.2) -32.8% (16.5) -5.3% 14.8 6.1%

Refinery 595.6 3.2% 308.7 1.4% 404.4 1.8% 228.4 1.1% 458.6 4.6%

Finance services 89.7 13.0% 94.9 15.0% 34.5 5.2% 36.3 4.9% 48.6 5.1%

Others (304.3) - (314.6) - (293.2) - (282.7) - (242.9) -

2,743.4 5.1% 1,029.6 1.9% 146.3 0.3% (2,206.1) -4.2% (985.2) -2.8%

Operating Profit

Sales

Net Income

2012 2015.3Q(Cummulative)

2011 2013 2014

17

(Unit : bil. KRW)

2011 2012 2013 2014At the end of

Sep. 2015

49,000.8 49,273.1 53,205.0 53,384.4 52,039.2

Current Assets 23,076.4 25,278.6 29,254.2 29,871.6 28,603.4

Cash& Cash Equivalents 1,609.9 1,107.7 1,336.6 3,229.3 3,015.8

Non Current Assets 25,924.4 23,994.5 23,950.8 23,512.8 23,435.8

30,824.3 30,531.8 34,175.4 36,745.8 36,461.2

Current Liabilities 25,490.8 22,174.0 26,516.4 27,702.7 25,251.7

Non-Current Liabilities 5,333.5 8,357.8 7,659.0 9,043.1 11,209.5

18,176.5 18,741.3 19,029.6 16,638.6 15,578.0

169.6% 162.9% 179.6% 220.8% 234.1%

Debt-to-Equity Ratio 60.8% 79.1% 83.3% 99.4% 114.8%

Total Debt 11,057.0 14,826.5 15,843.2 16,543.1 17,885.6

Total Assets

Total Liabilities

Total Shareholder's Equity

Liabilties-to Equity Ratio

Financial Summary (Consolidated)

18

Business Performance

19

2,043 2,809

6,792 8,488 8,272

11,470

15,730 13,635

444 4,061

10,905

6,143 9,512

6,192 8,350 4,357 2,968

3,025

4,917

7,835

7,236

9,290

13,838

10,291

13,147

14,419

13,424

17,851

13,642

14,600

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 `14`15 (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

+15.7% YoY

19,567

27,363

19,834

22,950

20

(Unit : Mil. USD)

Backlog

2016 2015

Target Target Dec. Achievement Target Annual Dec.

Shipbuilding 8,468 8,350 5,984 71.7% 9,150 6,192 16,766

Offshore & Engineering 3,200 5,300 1,572 29.7% 6,900 6,005 21,436

Industrial Plant& Engineering

1,000 1,650 1,258 76.2% 5,000 1,256 10,913

Engine & Machinery 2,407 2,571 1,860 72.3% 2,900 1,995 2,239

Electro ElectricSystems

2,291 2,445 1,873 76.6% 2,424 2,022 1,940

Construction Equipment 1,814 2,298 1,692 73.6% 2,837 2,071 -

Green Energy 315 336 299 89.0% 354 293 27

Total 19,495 22,950 14,538 63.3% 29,565 19,834 53,321

2015 2014

New Orders

og above is on the delivery basis

2015 Orders & Backlog by Division (Non-Consolidated)

Lower than expected achievement ratio in Offshore division due to lower oil prices and profit oriented order policy

21

Shipbuilding

Bulker LPGC LNGC Naval Ship Car Carrier Containership Drill ship VLCC Semi-Rig

22

World shipbuilding Market share Shipbuilding

<Output in 2015>

Rank ShipbuilderNo. of

Vessels

Output in 2014

(in thousand CGT)

Market share

(%)

1 Hyundai Heavy Industries (KOR) 64 2,905 7.9%

2 Hyundia Mipo Dockyard (KOR) 81 1,899 5.2%

3 Samsung Heavy Industires (KOR) 32 1,895 5.2%

4 Daewoo Shipbuilding & Marine Engineering (KOR) 30 1,786 4.9%

5 Hyundai Samho Heavy Industries (KOR) 35 1,491 4.1%

6 Dalian Shipbuilding (CHN) 23 890 2.4%

7 Jiangsu New YZJ (CHN) 31 666 1.8%

8 Imabari Shipbuilding (JPN) 47 584 1.6%

9 Shanghai Waigaoqiao (CHN) 16 584 1.6%

10 Japanese Marine United (JPN) 29 512 1.4%

Rest 1,454 23,446 64.0%

Total 1,842 36,658 100.0%

HHI Group 180 6,295 17.2%

* Source : Clarkson

23

Demand

<Global Demand> (Unit : Million GT)

'07 '08 '09 '10 '11 '12 '13 '14 YoY '14.12 '15.12 YoY

Total 177.2 111.4 34.6 95.9 62.8 41.3 117.1 78.9 -32.6% 73.6 68.5 -6.9%

Bulkers 92.6 57.0 21.1 58.6 23.7 13.8 56.7 34.9 -38.4% 32.7 9.9 -69.7%

Tankers 28.0 29.9 8.6 20.7 6.1 9.1 21.5 15.2 -29.3% 14.6 25.1 71.9%

Containers 35.0 12.7 1.0 6.6 20.1 4.6 23.1 11.4 -50.6% 9.5 22.5 136.8%

LNGC 2.5 0.6 0.0 0.5 5.4 4.1 4.1 7.1 73.2% 7.1 3.5 -50.7%

LPGC 0.7 0.6 0.1 0.6 0.4 1.1 2.8 3.4 21.4% 3.3 2.3 -30.3%

Others 18.4 10.6 3.8 8.9 7.1 8.6 8.9 6.9 -22.5% 6.4 5.2 -18.8%

* Others : Offshore, Cruise vessels, Ro-Ro ferries, MPP, Reefers, PCC* Source : Clarkson

177.2

111.4

34.6

95.9

62.8 41.3

117.1

78.9 73.6 68.5

0.0

50.0

100.0

150.0

200.0

'07 '08 '09 '10 '11 '12 '13 '14 Dec.

'14

Dec.

'15

Global Demand (in million GT)

Bulkers Tankers Containers LNGC's LPGC's Others

32.7

14.6

9.5 7.1

3.3 6.4

9.9

25.1 22.5

3.5 2.3 5.2

0

5

10

15

20

25

30

35

Bulkers Tankers Containers LNGC's LPGC's Others

New Orders by ship type (in million GT)

Dec. '14 Dec. '15

24

Competition Shipbuilding

* Source : Clarkson

<Market Share of Global Demands>

(%) (%) (%) (%) (%)

Korea 26 41.4 13.3 32.2 36.3 31.1 24.1 29.7 23.1 33.7

China 23.5 37.4 14.9 36.1 51.7 44.3 33.2 40.9 20.5 29.9

Japan 8.1 12.9 8.9 21.5 19.7 16.9 17.3 21.3 19.1 27.9

Others 5.2 8.3 4.2 10.2 9.1 7.8 6.5 8.0 5.8 8.5

TotalDemand

62.8 - 41.3 - 116.8 - 81.1 - 68.5 -

(Unit : mil. GT)

RegionDec. 20152014201320122011

41.4 37.4

12.9

32.2 36.1

21.5

31.1

44.3

16.9

29.7

40.9

21.3

33.7 29.9 27.9

0.0

10.0

20.0

30.0

40.0

50.0

Korea China Japan

Global Market Share (%)

2011

2012

2013

2014

Dec.2015

24.1 17.2 7.8

3.8 39.6

23.6

11.1

1.5

3.5

13.4

15.1

7.8

0

20

40

60

80

100

Korea China Japan

Backlog (in million GT)

Tanker Bulk LNGC LPGC

Containership Drilling ship Others

25

Price Trend

30

80

130

180

230

280

30

50

70

90

110

130

150

170

190

'07 '08 '09 '10 '11 '12 '13 '14 '15 '16

Capesize 180K dwt (Left)

VLCC 320K dwt (Left)

Containership 13,000 teu(Left)

LPG carrier 78-84K ㎥(Left)

LNG Carrier 160K ㎥ (Right)

※ Source : Clarkson (Containership data starts from 2008)

Shipbuilding

<Price Trend> (Unit : Million USD)

'07 '08 '09 '10 '11 '12 '13 '14 YoY '14.12 '15.12 YoY

Clarkson Index 185.1 177.7 138.0 142.4 139.0 126.3 133.2 137.7 3.4% 138.5 130.9 -5.5%

Bulkers(180K) 97.0 88.0 56.0 57.0 48.5 46.0 53.5 54.0 0.9% 54.0 46.0 -14.8%

Tankers(320K) 146.0 150.0 101.0 105.0 99.0 93.0 94.0 97.0 3.2% 97.0 93.5 -3.6%

Containerships(13,000TEU)

- 166.0 118.0 129.0 128.0 107.0 113.5 116.0 2.2% 116.0 116.0 0.0%

LNGC(160K㎥) 237.0 245.0 211.5 202.0 202.0 199.5 198.0 200.0 1.0% 200.0 199.0 -0.5%

LPGC(82K㎥) 93.0 92.0 72.0 72.8 73.0 70.0 74.5 79.0 6.0% 79.0 77.0 -2.5%

* Source : Clarkson (Index=100 in year 1988)

26

Shipbuilding

40%

Annual Sales & New Orders (Unit : sales - bil. KRW, New order – mil. USD)

Sales Breakdown by Product (2014) Sales Contribution(2014)

•Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP.

* Non-Consolidated basis

6,443 7,557

9,084 9,003 7,849

9,487 9,766 10,159 9,349 11,470

15,730

13,635

444

4,061

10,905

6,143

9,512

6,192

0

5,000

10,000

15,000

20,000

2006 2007 2008 2009 2010 2011 2012 2013 2014

Sales New Orders

29%

20%17%

10%

7%5% 5%

7%

Container

Drillship

LNGC

LPGC

Semi-Rig

Bulk Carrier

Special Naval

Others

* Non-Consolidated basis

Overview Shipbuilding

Main Products • VLCCs, Tankers, Product Carriers, Chemical Tankers • Containerships, Bulk Carriers, OBO Carriers • Ro-Pax Ships, Ro-Ro Ships, Pure Car and Truck Carriers • LNG Carriers, LPG Carriers • Drillships, Semi-Submersible Rigs • 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) Recorded delivery of 100 million GT in ships (Mar. 2011) Delivery of the World’s first LNG-FSRU (Feb. 2014)

27

New Orders in 2014 (Unit : Mil. USD)

2013 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Target Achievement Details

# ofShips

85 19 14 5 1 4 5 0 3 3 0 5 1 60 - -

Amount 9,512 1,549 1,127 511 78 279 644 0 220 528 0 916 340 6,192 9,150 67.7%

25.8%

8.1%

20.9%

31.7%

3.9% 9.6%

New Oredrs by shiptype (12.2014)

Tanker

Containership

LNGC

LPGC

Bulk

Others

13.0%

15.8%

25.6% 16.2%

3.3%

6.3% 7.0%

10.7%

2.1%

Backlog by shiptype (12.2014)

Tanker

Containership

LNGC

LPGC

Bulk

Drillship

Semi-Rig

Naval ship

Others

Performance Shipbuilding

• Backlog as of 2014 (YTD) : 145 vessels, USD 18.55 bil.

• Based on the amount • Based on the amount

- 26 LPG Carriers (1,964) - 18 Tankers (1,598) - 5 Containerships (501) - 6 LNG Carriers (1,294) - 3 Bulkers (242) - 2 Special Vessel (529) - Others (64)

28

New Orders in 2015 (Unit : Mil. USD)

2014 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total TargetAchieve-ment Details

# of ship 60 2 6 0 4 10 8 9 2 7 7 4 1 60 - -

Amount 6,192 198 411 27 435 1,212 902 1,083 142 515 519 408 132 5,984 8,350 71.7%

• Based on the amount

- 25 Tankers (1,973) - 15 Containerships (1,753) - 2 LNGC (564) - 15 LPGCs (1,087) - 3 Others (606)

Performance Shipbuilding

33.0%

29.3%

9.4%

18.2%

10.1%

New Orders by Shiptype (Dec. 2015)

Tanker

Containership

LNGC

LPGC

Others

23.4%

12.3%

25.3%

16.4%

1.3%

3.7% 13.4%

4.1%

Backlog by Shiptype (Dec. 2015)

Tanker

Containership

LNGC

LPGC

Bulk

Semi-Rig

Naval ships

Others

• Backlogs as of Dec. 2015(YTD) : 141 vessels, USD 16.77 bil.

• Based on the amount

29

5.16.4 6.2

4.86.2 6.0

3.74.6 4.9

0.3

0.8 1.8

0.9

1.10.3

0

0.9

0.81.2

1.20.7

0

1

2

3

4

5

6

7

8

9

10

2007 2008 2009 2010 2011 2012 2013 2014 2015

GunsanOffshoreUlsan

5.4

7.28.0

6.6

7.58.1

4.9 5.3

6.2

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

2007 2008 2009 2010 2011 2012 2013 2014 2015

Ulsan 75 88 80 55 71 69 44 46 50

Offshore(on-groundbuilding)

6 14 25 14 13 4 0 0 0

Gunsan - - - 10 9 11 12 10 15

Total# of Ship

81 102 105 79 93 84 56 56 65

Delivery Shipbuilding

30


FPSO Modules Fixed Platform Subsea Pipelines Installation

31

1,935

2,222 3,095

3,423 3,413 3,729

4,373 4,753 4,653

1,997

1,102

2,978

2,352 3,069

4,480

2,072

6,503 6,005

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2006 2007 2008 2009 2010 2011 2012 2013 2014

Sales New Orders

Offshore &

Engineering

20%

Sales Contribution (2014)

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

Annual Sales & New Orders

Sales Breakdown by Product (2014)

• 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

Operational Highlights

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)

Fixed Platforms&

Floaters

93%

Subsea Pipeline

7%

* Non-Consolidated basis * Non-Consolidated basis


Overview Offshore & Engineering

32

New Orders by Type

($ mil.) 2009 2010 2011 2012 2013 2014 Dec. 2015

Fixed 2,188 1,501 2,121 1,621 454 4,406 718

Floating 47 1,303 1,819 412 5,735 1,470 657

Subsea Pipeline 108 252 539 31 292 129 197

Others 9 13 1 8 22 0 0

Total 2,352 3,069 4,480 2,072 6,503 6,005 1,572

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 ~ present)

Total numberof projects

Major Projects

Platforms 87· SHWE Platform (Daewoo Inter, 2013)

Onshore Facilities 10· Sakhalin-1 OPF Onshore Modules Fabrication(ExxonMobil, 2006)

Jack-up rig 3· Harsh Environment Jack-up Rig 2nd (A.P.Moller, 2004)

Semi-submersible Drilling Rig 10

· 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 5 · Moho Bilondo FPU (TOTAL, 2008)

5,452 km · Barzan Offshore Project (RasGas, 2013)

Fixed

Floating

Subsea Pipelines

Type

Performance Offshore & Engineering

33

Major Projects Awarded in 2011

Qatar, Barzan Offshore Project

- Date : Jan. 2011

- Price : USD 860 million

- Owner : RasGas Company

- 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

- 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)


34

Norway, Aasta Hansteen Spar Topside

- Date : Jan. 2013


- Owner : Statoil


Spar Topsides (EPC)

Congo, Moho Nord TLP & FPU UK, Rosebank FPSO

- Date : Mar. 2013


- Owner : Total


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)



35

Indonesia, Jangkrik FPU

- Date : Feb. 2014 - Price : USD 250 million - Owner : Eni Muara Bakau B.V. - Details : Hull/LQ (EPC)


Abu Dhabi, NASR Package 2

- Date : Jul. 2014 - Price : USD 1.9 billion - Owner : Abu Dhabi Marine Operating Company - Details : Offshore Super Complex Platforms & Power Distribution Platform (EPCI)

Nasr Field

Umm Lulu

Russia, Odoptu Stage 2 Project

- Date : Jun. 2014 - Price : USD 270 million - Owner : Exxon Neftegas Limited - Details : Onshore Modules (EPC)

- Date : May. 2014 - Price : USD 700 million - Owner : Hess E&P Malaysia - Details : Central Processing Platform, Wellhead Platform, Bridge (EPCIC)

Malaysia, Bergading Project


36

Industrial Plant & Engineering

Combined Cycle Power Plant

Thermal Power Plant

Co-generation Power Plant

RFCC Plant Equipment

Oil & Gas Process Plant

37

Industrial Plant &

Engineering 10%





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


Power

Plant

87%

Oil & Gas

2%

Plant

Equipments

11%

602

1,017 1,374

1,898

2,645 2,761

1,480 1,259

2,429

846

1,544

2,076

2,826

2,010

1,014

4,077 4,396

1,256

0

1,000

2,000

3,000

4,000

5,000

2006 2007 2008 2009 2010 2011 2012 2013 2014Sales New Orders



Overview Industrial Plant & Engineering

• 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) • Received a USD 1.1 bil. NRP order (Oct. 2015)

38

Performance Record New Orders by Type (mil. USD) 2009 2010 2011 2012 2013 2014 Dec. 2015

Power Plants 1,412 1,601 9 3,510 4,285 6 5

Chemical Plants/Plant equipment

1,414 409 1,005 567 111 1,250 1,253

Total 2,826 2,010 1,014 4,077 4,396 1,256 1,258

Major Projects in 2012/2013/2014

Jeddah South (Oct. 2012)

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

Shuqaiq Power Plant (Aug. 2013)

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

(1976 ~ present) Project Type Major Projects

Oil &

Gas

Oil & Gas

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

· 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

· Clean Fuel Project (Kuwait National Petroleum Company, 2018(E))

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

· HCP No.2 BTX Project Daesan (HC Petrochem, Korea, 2013) · 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) · Sabiya Combined Cycle Gas Turbine Project (Ministry of Electricity and Water, Kuwait, 2013) · 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 Power Plant (Saudi Electricity Company, Saudi Arabia, 2017(E)) · Shuqaiq Power Plant (Saudi Electricity Company, Saudi Arabia, 2018(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)

Clean Fuel Project (Apr. 2014)

- 1.1 bil. USD / Kuwait National Petroleum Company, Kuwait - Upgrade and expansion of Refinery

Performance Industrial Plant & Engineering

39

Engine & Machinery

Marine Engine Power Plant Engine Marine Propeller Robotics Industrial Machinery

40

Engine &

Machinery

9%




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


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)

Marine

Engine

78%

Power Plant

Engine 6%

Hydraulic

Machinery

7%

Robotics

9%

1,220 1,646

2,522 2,772 2,835 3,096 2,967

2,313 2,110 1,880

3,248

4,646

1,452

2,283

3,176

1,858

2,425

1,996

0

1,000

2,000

3,000

4,000

5,000

2006 2007 2008 2009 2010 2011 2012 2013 2014

Sales New Orders



Overview Engine & Machinery

41

Eco-friendly Diesel Engine - 15% 3eduction of NOx emission meeting new IMO standards

High output Eco-friendly HiMSEN Gas Engine - 20% reduction of CO2 emission compared to disel 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

Market Share in 2014 (%)

Large-s iz eM arineEngine

M id-s iz eM arineEngine

DieselPow erPlant

Domes tic 54 45 -

Global 35 21 7

- USD 70 mil. order for 70 MW Diesel Power Plants from Bangladesh Power Development Board (BPDB)

Eco-friendly Engine Products

Major Projects

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

- USD 74 mil. order for 140 MW Diesel Power Plants from Equitatis, Equador

Diesel Power Plants order from Bangladesh (Apr. 2010)

PPS order from Venezuela (Apr. 2010)

Diesel Power Plants order from Ecuador (May 2011)

57%45%

67%92% 83% 87%

66% 69%

39%44%

33%8%

9% 9%28% 17%

3% 11% 8% 4% 6% 14%

2007 2008 2009 2010 2011 2012 2013 2014

Domestic China Others

Performance Engine & Machinery

- USD 32 mil., order for 57MW, 34 Packaged Power Station from JINRO, Panama

PPS order from JINRO, Panama (Jun. 2015)

42


Transformer Switchgear Circuit Breaker Wind Power Rotating Machinery

43

Transformer

28%

High Voltage

Circuit

Breaker

18%Low Voltage

Circuit

Breaker

6%

Switchgear

17%

Rotating

Machinery

22%

Others 9%

1,057

1,453

1,925

2,712

3,242

2,319

2,843 2,609

2,241

1,274

1,766

2,281 2,556

3,793

2,625

2,318 1,820 2,006

0

1,000

2,000

3,000

4,000

2006 2007 2008 2009 2010 2011 2012 2013 2014Sales New Orders





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

Electro Electric

Systems 10%

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)



Overview Electro Electric Systems

44

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

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.)

14% 14% 11% 12% 10% 7%

3% 4% 6% 9%5% 8%

4% 2% 1%3%

1% 0%

11% 20%5%

7%

5% 6%

29% 18%

18%21%

23%21%

3%4%

8%

2%

2%0%

35% 38%51% 46%

54% 58%

2009 2010 2011 2012 2013 2014

Domestic Others Middle East Europe Africa Asia North America

Performance Electo Electric Systems

45


Mid Excavator Forklift Electric Excavator Skid Loader Wheel Loader Small Excavator Roller

46


9%

(Unit : sales - bil. KRW)

Annual Sales


Main Products


• 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

56%Folk Lift

17%

Wheel

Loader

10%

CKD

6%

Others

10%

Skid

Loader 1%

1,198 1,512

1,769

1,190

2,275

3,052 3,120 2,723

2,215

0

500

1,000

1,500

2,000

2,500

3,000

3,500

2006 2007 2008 2009 2010 2011 2012 2013 2014



Overview Construction Equipment

47

6% 6% 2% 3% 3% 3% 2% 3%3% 4% 6% 10% 15% 10%21% 17%

3% 6% 7%8%

9% 12%

20%17%

28% 22% 17%16%

18% 19%

14%11% 25% 27%

19% 4%5% 3%5%6% 10%

39%49%

39% 38%48% 54%

45% 43%

2007 2008 2009 2010 2011 2012 2013 2014

Others

Brazil

China

Domestic

Europe

North America

India

Construction Equipment Sales by Region

Excavators Sales in China

※ Others includes Middle East (12%), Africa (11%), Russia (6%), Asia, Turkey and etc.

Dec. 2014 Dec. 2015 YoY

Market 84,573 49,009 -42.1%

H H I 3,743 1,889 -49.5%

M/S 4.4% 3.9% -0.6%p

Excavator Sales in China

HHI’s Excavator Market Share by Region

※ 2007 ~ 2009 sales are based on K-GAAP, 2014 preliminary results

(Source : Company data)

(Source : China construction machinery association)

71,767

93,237

162,908 169,182

104,908 162,908 84,573

49,009

8,377 10,101

18,467 17,294

8,540 7,532

3,743

1,889

0

5,000

10,000

15,000

20,000

25,000

30,000

0

40,000

80,000

120,000

160,000

200,000

2008 2009 2010 2011 2012 2013 2014 2015. Dec

Market size(Left)HHI(Right)

2012 2013 2014

Domestic 27.5% 27.9% 25.1%

Global(Exclude Japan) 9.0% 7.8% 6.2%

China 8.1% 7.2% 4.4%

India 17.7% 19.7% 20.4%

Performance Construction Equipment

48

Green Energy

Solar Power

49

Solar Cell Solar Module Solar System (Inverter)

Picture

Facilities Solar Cell Plant (Eumseong, Korea)

Solar Module Plant (Eumseong, Korea)

Electro Electric Systems Division (Ulsan, Korea)

Annual Capacity (2014) 600MW 600MW 500MW

Details - Mono-crystalline, Poly- crystalline solar cells produced

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

- Grid-Tied Solar Inverter with/without transformer

Solar Power 600MW capacity of solar cell & solar modules and solar inverter to provide total solution Solar cell & solar modules, solar inverter production facility in 2014

Capacity and Sales

2005 2007 2008 2009 2010 2011 2012 2013 2014

Capacity

Cell (MW) 30 30 60 370 370 580 600 600 600

Modules (MW) 20 30 70 170 510 560 600 600 600

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%

312 1.3%

317 1.4%

Solar Product Certification - UL (UL 1703/USA, Canada) - VDE (IEC 61215, IEC 61730-1/61730-2/International) - CE Declaration (International) - J-PEC (Japan) - JET (IEC 61215, IEC 61730-1/61730-2/Japan) - MCS (IEC 61215, IEC 61730-1/61730-2/UK) - CSTB (France) - Ammonia resistance (IEC 62716) - Salt mist (IEC 61701) - Fire test (UN9177/Italy)

50

Subsidiaries

Hyundai Oilbank Hyundai Samho

51

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 : KRW 2.6 tril.

(Jul. 2006~ Feb. 2011)

At a Glance Facilities & Products

• Completion of #2 HOU Plant 36.7% With the completion of #2 HOU plant in Jan. 2011, Hyundai Oilbank achieved a ratio of 36.7% (the highest upgrading ration in the industry)

• Domestic Light Oil Market Share 22.0%

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

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

Competitors : SK Innovation, GS Caltex, and S-Oil

52

8,642.6 8,506.5 8,597.97,701.2

215.1% 194.6% 181.6%151.0%

Assets

Liabilities-to-

Equity Ratio

2011 2012 2013 2014

Sales 18,958.6 21,523.9 20,295.6 18,258.0

Operating Income 594.7 308.4 403.3 192.8

% 3.1 1.4 2.0 1.1

Net Income 360.7 156.5 152.4 31.1

% 1.9 0.7 0.8 0.2

(Unit: KRW billion) Income Statement

2011 2012 2013 2014

Total Assets 8,642.6 8,506.5 8,597.9 7,701.2

Total Liabilities 5,899.5 5,618.8 5,544.5 4,633.1

Total Shareholder’s Equity 2,743.2 2,887.6 3,053.5 3,068.1

Liabilities-to- Equity Ratio(%) 215.1 194.6 181.6 151.0

(Unit: KRW billion) Financial Position

Hyundai Oilbank

* The financial information from 2011 on is based on K-IFRS.

594.7

308.4403.3

192.8

18,958.621,523.9 20,295.6

18,258.0

Operating

income

Sales

2011 2012 2013 2014

2011 2012 2013 2014

53

2014 Jan Feb Mar Apr May Jun Jul Aug. Sep Oct Nov Dec Total TargetAchieve-ment

Details (mil. USD)

# of ship 31 2 2 1 7 8 7 0 0 6 4 4 0 41 - -

Amount(mil. USD)

2,807 159 145 87 645 703 873 0 0 431 316 284 0 3,643 3,800 95.87%

New Orders in 2015

At a Glance

Hyundai Samho

• Backlogs as of Dec. 2015 on a delivery basis : 91 vessels, USD 8.66 bil. • The above data is based on the amount

New Orders in 2014 -10 Containerships (1,119) -12 Tankers (975) -4 PCTCs (298) -4 Bulk Carriers (246) -1 LPG Carrier (79) -Others (90)

New Orders in 2015 - 20 Tankers (1,676) - 5 Containerships (515) - 2 LNG Carriers (397) - 4 LPG Carriers (307) - 10 PCTCs (718) - Others (30)

• Production Capacity 2.9 mil. GT - Delivered 30 vessels in 2014 - # of dry docks : 2

• 2015 Order Target

• 2015 Sales Target

3,800 mil. USD

4,599 bil. KRW

38.6%

16.8%

2.6%

19.1%

7.1%

3.1% 12.6%

Backlog by Shiptype (Dec. 2015)

Tanker

Containership

Bulker

LNG Carrier

LPG Carrier

FPU

PCTC

54

804.3 254.0

-35.6-502.2

4,828.7

4,231.83,506.2

4,172.1

Operating

incomeSales

6,954.7 6,978.9 6,782.77268.7

116.5% 109.1%102.2% 136.3%

Assets

Liabilities-to-

Equity Ratio

2011 2012 2013 2014

Sales 4,828.7 4,231.8 3,506.2 4,172.1

Operating Income 804.3 254.0 -35.6 -502.2

% 16.7 6.0 -1.0 -12.0

Net Income 551.0 -12.5 -52.1 -215.2

% 11.4 -0.3 -1.5 -0.5

(Unit: KRW billion) Income Statement

2011 2012 2013 2014

Total Assets 6,954.7 6,978.9 6,782.7 7,268.7

Total Liabilities 3,741.7 3,641.1 3,428.9 4,192.4

Total Shareholder’s Equity 3,213.0 3,337.7 3,353.9 3,076.3

Liabilities-to- Equity Ratio(%) 116.5 109.1 97.8 136.3

(Unit: KRW billion) Financial Position

Hyundai Samho

* The financial information from 2010 is based on K-IFRS.

2011 2012 2013 2014

2011 2012 2013 2014

55

Thank You http://www.hhiir.com

*For More Information

IR Team E-mail: [email protected]

Tel: +82-2-746-7568, 7508, 4728 Fax: +82-746-4662

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

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

http://www.hhiir.com/

Documents

(2016.01) - hhi.co.kr · (2016.01) 2 Important Notice This presentation of Hyundai Heavy Industries (HHI) contains forward-looking statements relating to HHI’s operations that are