Upload
pravanthbabu
View
20
Download
1
Tags:
Embed Size (px)
DESCRIPTION
afasdfafsdfsd
Citation preview
1
Investor Relations 2012
“Your Value Chain Partner”
HYUNDAI GLOVIS LONDON NDR
2
1. Company Overview History / Growth / Coverage
· History
· Growth
· Coverage
2. Business
3. Strength
4. Financial Status
5. Appendix
3
01 History
2001
• Established Hankook Logitech.Co., Ltd. • Started Domestic Logistics Service (Automotive Industry)
2002 2003 2005 2010 2009 2008 2011
• Completed the construction of Asan CKD Center • Established GLOVIS SLOVAKIA • Established BEIJING GLOVIS • Listed in Korean Exchange Market
• Developed Integrated Transportation Management System (iTMS) • Changed the Company name to GLOVIS Co., Ltd • Started Used Car Auction Business
• Started Pyeongtaek Port Processing Construction • Established GLOVIS AMERICA (HK Logistics America)
• Established GLOVIS RUSSIA • Completed the construction of Sihwa Auction Center • Started PCC Business
• Established GLOVIS CANADA • Awarded Presidential Citation of the 17th Korea Logistics Award
• Established ‘Ja Yeon Chan’ • Changed the Company name to HYUNDAI GLOVIS Co., Ltd. • Established GLOVIS BRAZIL • Established GLOVIS NEW JERSEY • Established GLOVIS MONGOLIA
• Completed construction for Ulsan C/C 2nd plant • Established GLOVIS TIANJIN
4
2005 2006 2007 2008 2009 2010 2011
Distribution
CKD
International Logistics
Domestic Logistics
3,065.2
2,507.2
1,885.1
1,540.8
7,547.8
5,834.0
3,192.8
Unit : KRW 1 BN
Total Sales of HQ
02 Growth
CKD Business Expansion
Entered PCC Business
• PCC Business Expansion(30%) • Raw Material Shipping • CKD Expansion
Entered CKD
Business
5
• Domestic Procurement Logistics
• Logistics for Domestic Sales
Global
• International Procurement Logistics
• Logistics for International Sales
SUPPLY CHAIN
• Manufacturing Logistics
• Local Logistics Overseas
Optimization
• Shipping • Storage
• Air Transportation • Landing ONE-STOP
• Inland • Packaging SERVICE
Transportation
• Logistics Consulting
• Cars • Paper manufacture
• Parts • War supplies Logistics
• Steel Industry • Construction Know-How of
• Heavy Industry • Medical treatment Broad Industry
• Oil • Food supplies
• Electronics parts
03 Coverage
6
1. Company Overview
2. Business Overview / Logistics / Shipping / Distribution / TPL
· Business Overview
· Logistics_Korean/International
· Finished Car Shipping/Raw Material Shipping
· Distribution_CKD/Used Car Auction Business
· TPL_Third Party Logistics
3. Strength
4. Financial Status
5. Appendix
7
01 Business Overview
v Korean Logistics
• Procurement ∙ Production Logistics
• Finished Car, Auto Parts, Steel etc.
v International Logistics
• In/Outbound Logistics
• Finished Car·Raw Material Shipping
Bulk / Container Logistics
v CKD
· Production Line Management (JIT, JIS)
· Packaging ∙ Quality Management
v Merchandise
·Used Car Auction
·Supplies, Other Distribution
LOGISTICS DISTRIBUTION
8
02 Logistics_Korean/International
464.4
2,376.8
2005 2006 2007 2008 2009 2010 2011
International Logistics
v Korean Logistics
· Inland and Coastal Transportation
· Procurement ∙ Production ∙ Sales Logistics
· Finished Car, Auto Parts, Steel etc.
Transportation
v International Logistics
· In/Outbound Logistics
· Finished Car Shipping
· Raw Material Shipping
· Bulk / Containers
v Role
· Realization of JIT/JIS throughout plants
· Provide logistic solutions for various freight
· Consulting, etc. related to logistic
Unit : KRW 1 BN
560.2
1,150.0
2005 2006 2007 2008 2009 2010 2011
Domestic Logistics
9
03 Finished Car Shipping
840 740
740 920 1,080
1,080 1,100
910
1,070
1,200
2007 2008 2009 2010 2011
Finished Car Export Global TOP5
Unit : 1,000 cars
Rank Auto-Maker Sales(E)
1 9,030
2 8,160
3 7,900
4 6,900
5 6,600
As of Dec.31, 2011
Unit : 1,000
※ Source : HIS AutoMotive
Unit : 1 vessel Owned Chartered
PCC Fleet Expansion Total Sales of Finished Car Shipping
Unit : KRW 1 BN
2008 2010 2011 2009
147.1
543.6
792.8
206.2
2008
3 2
2009 5
5 6
5
6
2011
24
2Q ’12
8
32
18
5
2010
10
04 Raw Material Shipping
Australia
Brazil
Canada China
석회석 270만톤
철광석 1,360만톤
석탄 650만톤
2010 2011 2009
Total Sales of Raw Material Shipping
Business Overview 3rd Blast Furnace Schedule
Ground Breaking
Test Operation
C-HRC Completion
3rd Blast Furnace
Completion
’11 1Q ’13 2Q ’13 1Q ’13 3Q
·3rd Blast Furnace Construction Schedule :
about 29 months
37.7
309.7
207.3
Unit : KRW 1 BN
Demand Production Capacity
• Crude Steel 8 MN Ton
• Product 8 MN Ton
- Hot coil: 6.5 MN Ton
- Plate : 1.5 MN Ton
Limestone 2.7MN Ton
Iron Ore 13.6MN Ton
Coal 6.5MN Ton
Iron Ore Brazil, W.Australia
Coal Canada, E.Australia, China
Limestone Korea, etc.
11
Business Flow
HMMC
300
05 Distribution_CKD
Unit : KRW1 BN
Total Sales of CKD Unit: 1,000 cars
HMMR
200
HAOS
100
HMI
600
HMMA
300
KMS
300
KMC
1,640
DYK
430
KMMG
300
BHMC
600
HMC
1,860
HMB
250(P)
P/O
Vendors Packing/ Vanning
Oversea Port Oversea Plant Warehousing
※ JIT, JIS Applies
※ Asan, Ulsan
Inland/ Ocean Transportation
Inland Transportation
2005 2008 2009 2010 2011 2006 2007
1,017.0 1,201.6
1,224.2
2,892.6
3,731.5
644.1 454.1
12
Auction Process
06 Distribution_Used Car Auction Business
Unit : KRW 1 BN
2007 2008 2009 2010 2011
70.1
101.9
133.1 147.4
204.1
Total Sales of U-Car Business View of Auction Center
Yangsan Auction Center
Date of MOU
July, 2010
Opening Date
April, 2012
Size Approx. 39.7㎥
Expected Effect
Market Expansion via Additional Network near the 2nd Largest City
Request Collect
Assess Display
Check
Auction Sold
Unsold
Pre
pare
A
uctio
n
Site Visit
13
07 TPL / Others
Logistics
Korean
Logistics
Int’l
Logistics
Foreign
Subsidiaries
TPL Business
▷ Entered Chemical Industry ▷ Export Chemical Products (e.g., resin)
▷ Korean Logistics ▷ Diversify Items from procurement of Auto parts to oil, Agricultural Products
▷ Project Cargos ▷ Logistics for Oversea Plant Construction, etc.
▷ In/Outbound Logistics ▷ Ocean/Air/Bulk ▷ Commercial Vehicle, Heavy Machines, Auto Parts, etc.
Int’
l
Chem
ical
Pro
ject
Ente
rpri
se
Other Distribution
v Reinforcement of Distribution Business by adding Trading Part
① Products & Resources Trading
- Distribution of natural resources as Aluminum, Coal , etc.
- Finished Car, Auto Part, etc.
② Car Recycled Resources
- Used auto parts
- Remanufactured auto parts
- Iron/nonferrous metals Scrap
14
1. Company Overview
2. Business
3. Strength Network / Specialist / IT systems
· Domestic/Global Network
· Specialist/IT systems
4. Financial Status
5. Appendix
15
01 Domestic/Global Network
1. Pyoungtaek port processng Center
2. Asan KD Business Center
3. Gyeongju KD Business Center
4. Gwangju C/C
5. Ulsan 1C/C, 2C/C
6. Incheon Business Office
7. Dangjin Business Office
8. Suncheon Business Office
9. Pohang Business Office
10. Ulsan Business Office
HQ
Logistics Center
Business Office
13. Gwangju Office
14. Daegu Office
15. Pusan Office
16. Seosan Office
17. Sohari Office
18. Asan Office
19. Ulsan Office
20. Jeonju Office
21. Changwon Office
22. Cheonan Office
23. Hwaseong Office
24. Jincheon Office
11. Bundang Auto Auction
12. Sihwa Auto Auction
Office
Used Car Auction
HQ
Subsidiaries
1. America
2. Alabama
3. Georgia
4. New jersey
5. GAPS CA
6. GAPS Alabama
7. GAPS Georgia
8. GAPS Pennsylvania
9. Canada
10. Brazil
11. Europe(Germany)
12. Czech
13. Slovakia
14. Russia
15. Turkey
16. Beijing
17. Tianjin
18. India
19. Australia
20. Mongolia
Branch Office
21. London
22. Koper
23. Tianjin
24. Qingdao
25. Yancheng
26. Sanghai
27. Vienna
Office
28. Mobile
29. Atlanta
30. Gardena
31. Dubai
32. Moscow
Domestic International
16
KCPL CPIM CPM
331
29
5
“The Most Professionals in the Field”” ※KCPL: Korean Certified Professional Logistician
Lawyer
1
02 Specialist/IT systems
Custom Broker
Distribution Center
Logistics Information
System
Control Center
Transportation
Shipping/Air
Specialists IT Systems
1
17
1. Company Overview
2. Business
3. Strength
4. Financial Status Shareholders / Performance· Plan
· Majority Shareholders/Stock Price
· ’11 Performance/’12 Business Plan
5. Appendix
18
0.00%
5.00%
10.00%
15.00%
20.00%
01 Majority Shareholders & Stock Price
Shareholding
Free Float
32.23%
Wilh.
Wilhelmsen
15.04% Haevichi
Foundation
4.46%
Hyundai
Motor
4.88%
Chairman MK
Chung
11.51%
VE ES Chung
31.88%
Credit Rating
KOSPI Transport & Storage Hyundai Glovis
Change in Share Price Change in Composition
KRW 229,000
vS&P
· BBB+(Stable) Mar. 20th, 2012
· BBB(Positive) June. 7th, 2011
v Moody’s · Baa2(Stable) Sep. 21st, 2010
· Baa3(Stable) Nov. 11th, 2009
Individual Institutions Foreigners
1Q 2Q 3Q 4Q
2009
1Q 2Q 3Q 4Q
2010 2011
1Q 2Q 3Q 4Q
2012
1Q 2Q 2007 2008 2009 2010 2011 2006 ’12 1Q ’12 2Q
19
02 ’11 Performance/’12 Business Plan
2010 2011 YoY (%)
Sales 5,834.0 7,547.8 +29.4
Operating Profit
272.5 339.6 +24.6
(OP Margin) 4.7% 4.5% -
EBITDA 298.6 373.2 +25.0
EBT 284.4 374.1 +31.6
Net Profit 233.1 302.1 +29.6
Unit : KRW 1 BN
2011 2012(P) YoY (%) (%)
Korean Logistics
1,150.0 1,321.9 14.8 +14.9
International Logistics
2,376.8 2,941.1 32.9 +23.7
CKD 3,731.5 4,233.1 47.4 +13.4
Used Car 204.1 240.0 2.7 +17.6
Other Distribution
85.4 193.9 2.2 +127.0
Total 7,547.8 8,930.0 100.0 +18.3
Unit : KRW 1 BN
Foreign Subsidiary
2,180.1 2,234.0 - +2.5
20
1. Company Overview
2. Business
3. Strength
4. Financial Status
5. Appendix Summarized FS / Summarized IS / Subsidiaries
· Summarized Financial Statement
· Summarized Income Statement
· Subsidiaries
21
Appendix
Accounts
Parent Consolidated
2010 K-IFRS
2011 K-IFRS
YoY(%) 2010
K-IFRS 2011
K-IFRS YoY(%)
Current Assets 1,289.1 2,008.1 +55.8 1,777.7 2,529.5 +42.3
Cash&Cash Equivalent 286.4 494.7 +72.7 460.0 636.1 +38.3
Non-Current Assets 989.4 1,181.5 +19.4 1,028.4 1,297.0 +26.1
Total Assets 2,278.5 3,189.6 +40.0 2,806.1 3,826.5 +36.4
Current L 969.5 1,542.2 +59.1 1,405.4 1,948.9 +38.7
Short-term Debt 526.3 668.3 +27.0 748.5 819.8 +9.5
Non-Current L 173.4 217.8 +25.6 256.9 385.9 +50.2
Long-term Payables 122.2 141.6 +8.4
Long-term Debt 137.6 219.8 +59.7
Total L 1,142.9 1,760.0 +54.0 1,662.4 2,334.8 +40.4
Paid-in Capital
Capital Stock 18.8 18.8 - 18.8 18.8 -
Capital Surplus 153.6 153.6 - 153.6 153.6 -
Accumulated Other Comprehensive Income 111.4 130.1 +16.7 101.6 117.9 +16.0
Retained Earnings 851.8 1,127.1 +32.3 870.6 1,202.4 +38.1
Total Stockholders’ Equity
1,135.6 1,429.6 +25.9 1,143.7 1,491.7 +30.4
L-to-Equity Ratio 100.6% 123.1% 145.4% 156.5%
Unit : KRW 1 BN
Summarized Financial Statement
22
Appendix
Accounts
Parent Consolidated
2010 K-IFRS
2011 K-IFRS
YoY(%) 2010
K-IFRS 2011
K-IFRS YoY(%)
Sales 5,834.0 7,547.8 +29.4 7,296.5 9,546.0 +30.8
Cost of Sales 5,351.9 6,916.2 +29.2 6,669.2 8,743.9 +31.1
Gross Profit 482.1 631.6 +31.0 627.3 802.1 +27.9
SG&A Expense 241.7 297.1 +18.0 296.4 341.2 +15.1
Other Gains 133.5 144.2 +8.0 139.3 181.8 +30.5
Other Losses 91.4 139.1 101.9 178.4 +75.2
Operating Profit 272.5 339.6 +52.0 368.3 464.3 +26.1
Financial Income 24.9 45.5 +82.7 9.3 13.9 +49.5
Financial Cost 13.0 11.0 -15.4 16.4 14.2 -13.4
Equity Method Gain 12.8 22.2 +73.4
EBT 284.4 374.1 +31.5 374.0 486.2 +30.0
Income Tax Expense 51.3 72.0 +40.4 94.8 127.4 +34.5
Net Profit 233.1 302.1 +29.6 279.2 358.8 +28.5
Summarized Income Statement
Unit : KRW 1 BN
23
Appendix Subsidiaries
Company Stake 2010 2011
Remarks Sales Net Profit Sales Net Profit
HYUNDAI AMCO 24.96% 1,488.9 60.0 2,303.9 90.4
GLOVIS AMERICA
100.00% 760.4 29.4 935.5 37.7
GLOVIS SLOVAKIA
100.00% 50.3 3.7 55.6 3.0
BEIJING GLOVIS 100.00% 103.0 4.3 211.1 10.9
GLOVIS EUROPE 100.00% 290.1 12.2 360.1 16.2
GLOVIS CZECH 100.00% 44.2 3.1 49.4 1.5
GLOVIS INDIA 100.00% 206.7 6.2 257.7 13.0
GLOVIS RUSSIA 100.00% 59.5 0.7 157.8 0.6
GLOVIS TURKEY 100.00% 34.8 2.7 37.6 2.4
GLOVIS AUSTRALIA
100.00% 31.8 0.2 42.2 0.4
GLOVIS BRAZIL 100.00% 0.3 -1.5
GLOVIS MONGOLIA
100.00%
Overseas Subsidiaries’ Total 1,580.8 62.5 2,107.3 84.2
SUBTOTAL 3,069.7 122.5 4,411.2 174.6
Unit : KRW 1 BN