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SAMSUNG C&T CORPORATIONSAMSUNG C&T CORPORATION
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The figures provided in this presentation are based on unreviewed
2 2011 financial statements. Certain numbers ma be resented
Disclaimer
differently once reviewed, and the company takes no responsibility
and accepts no liability for such changes.
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Index
1. Construction New Orders
2. 2Q Results(QoQ)
3
.
4. Others
5. Consolidated Statements of Income (Summary)
6. Consolidated Statements of Financial Position (Summary)
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1. Construction New Orders
New Orders: 3,633.6 bn Order Backlog: 27,140.3 bn
Major New Orders
13.7tn 26.7tn 27.1tnMajor Orders in Backlog
Overseas
Abu Dhabi DTS 297.6 bn
Singapore DTL Ph.3 187.4 bn
Singapore Merbau 174.2bn
Saudi QurrayahIPP 1,218.0 bn(E)
Plant
Dangjin Thermal PP #9,10 154.0bn
Housing
Goduk Shiyoung
1.5%
Overseas
UAE Nuclear PP 2,631.1bn
Singapore LNG Terminal 750.0bn
Abu Dhabi DTS-T01 285.7bn
Housing
Pyungtek US Army Base 962.4bn
Garak Shiyoung 620.0bn
Goduk Shiyoung 420.0bn
4
3.6 tn
(4,851.6 bn Including Saudi Qurrayah IPP)
Saudi
Qurrayah
IPP 1.2 tn
4.9tn
2011Plan 2011.1H Progress
Building 2,715.0 1,083.4 39.9%
Civil 900.0 98.7 11.0%
Plant 535.0 240.9 45.0%
Housing 3,000.0 1,292.4 43.1%
Overseas 6,550.0 918.2 14.0%
Total 13,700.0 3,633.6 26.5%
End of 2010 2011.1H2011target 2011.1H
End of 2010 2011.1H Progress
Building 3,730.2 3,518.1 212.1
Civil 3,103.0 2,704.2 398.8
Plant 718.1 687.5 30.6
Housing 12,348.8 13,175.1 826.3
Overseas 6,849.6 7,055.4 205.8
Total 26,749.7 27,140.3 390.6
Redevelop 420.0bn
(bn KRW)(bn KRW) Order BacklogNew Orders
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2011.1Q 2011.2Q
Sales Gross Profit
8.7% 8.6%
5,186.4
4,696.1406.5 446.2
10.4% 9.8%
(bn KRW)
*Sales minus Cost of sales
2. 2Q Results_ Summary (Consolidated)
2011.1Q 2011.2Q
5555
Operating Profit Profit for the Period
139.5
71.4
48.8%
2.5% 2.3%
118.0 117.0
0.8%
2011.1Q 2011.2Q
166.4
113.0
32.1%
2011.1Q 2011.2Q
Adjusted OP
2011.1Q 2011.2Q
Dividend income 42.0 bn, Equity Method 38.4bn decrease from 1Q
Dividend Income(Other profit)
42.0bn decrease from 1Q
Sales - Cost of Sales
- Selling and admin. expenses
Sales - Cost of Sales SG&A
+/- Other operating profit/expenses
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2011. 1Q 2011.2Q Changes (%)
Building 602.6 692.9 +90.3 (15.0%)
Civil 226.4 271.1 +44.7 (19.7%)
(bn KRW)Sales
BuildingCivilPlant
OverseasHousing
etc
38.6%17.2%
40.2%
1,499.7
1,795.0
6666
2. 2Q Results_ Construction Sales (Consolidated)
. . . .
Housing 220.0 271.0 +51.0 (23.2%)
Overseas 324.6 387.8 +63.2 (19.5%)
Etc 11.1 15.7 +4.6 (41.4%)
Total 1,499.7 1,795.0 +295.3 (19.7%)2011.1Q 2011.2Q
19.7%15.1%
8.7%
15.1%
0.9%
21.6%
15.1%
7.7%
0.7%
14.7%
Sales increase in all sectors such as domestic Building and Overseas etc.
1Q to be the lowest sales figure for the Housing sector
2 1 . 6 %
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(bn KRW)
12.4%
14.0%
Gross Profit
251.4
Operating Profit
109.992.8
K-GAAP
Adjusted Operating Profit
4.2%
5.7%
7777
2. 2Q Results_ Construction Profit (Consolidated)
* Sales - Costs of sales
* Sales - Cost of Sales SG&A
+/- Other operating profit /expenses
*Sales - Cost of Sales SG&A
2011.1Q 2011.2Q
34.8%
.
15.6%
2011.1Q 2011.2Q
63.1%63.1%
2011.1Q 2011.2Q
63.2
103.1
Increase in gross profit and improvement in gross profit margin due to increase in volume in
the Building sector
Decrease in Operating Profit due to decrease in Other operating profit(dividend income)
compared to the 1st quarter
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2. 2Q Results_ T&I Sales (Consolidated)
Sales
2011.1Q 2011.2Q Changes (%)
Industrial
Materials2,659.1 2,503.3 155.8 ( 5.9%)
HQ 1,912.7 1,890.1 22.6 ( 1.2%)
Natural
Resources464.5 811.3 346.8 (74.7%)
(bn KRW)
3,391.4
3,196.4
8888
Natural Resources
Energy Environment
Industrial Materials
2 0 1 1 . 1 Q
2 0 1 1 . 2 Q
. . . .
Energy
Environment72.8 76.8 4.0 (5.5%)
HQ 21.6 32.0 10.4 (48.1%)
Total 3,196.4 3,391.4 195.0 (6.1%)
HQ 2,035.9 2,057.7 21.8 (1.1%)
6 . 1 %
8 3 . 2 %
1 4 . 5 %
2 . 3 %
7 3 . 8 %
2 3 . 9 %
2 . 3 %
Sales decreased in Industrial Materials due to decrease in prices of chemicals and iron & steel,
However, increased in Natural Resources due to increase in trading volume of copper concentrate,
resulting into an small increase in overall Sales
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6.9%
5.7%
220.0 194.8 1.8%
0.6%1.7%
0.4%
9999
2. 2Q Results_ T&I Sales (Consolidated)
(bn KRW)
Gross Profit Operating ProfitAdjusted Operating Profit
* Sales - Cost of Sales SG&A
+/- Other operating profit /expenses
*Sales - Cost of Sales SG&A
* Sales - Costs of sales
2011.1Q 2011.2Q
11.5%
64.2%
2011.1Q 2011.2Q
56.5
20.2
2011.1Q 2011.2Q
54.8
13.9
74.6%74.6%
Gross profit decrease due to appraisal losses in solar business in Europe and decrease in
stainless steel prices
Increase in expenses due to increase in shipping expenses and developing new markets
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Building 2010. 1H 2011.1H Changes (%)
Building 781.7 1,295.5 513.8 (65.7%)
Civil 426.7 497.5 70.8 (16.6%)
Sales
39.3%22.3%
12.2%
3,294.73,504.8
11111111
BuildingCivilPlant
Overseas
Housing
etc
3. 1H Results_ Construction Sales (Consolidated)
(bn KRW)
. . . .
Housing 1,203.7 491.0 712.7 ( 59.2%)
Overseas 832.7 712.4 120.3 ( 14.4%)
Etc 18.1 26.8 8.7 (48.1%)
Total 3,504.8 3,294.7 210.1 ( 6.0%)2010.1H 2011.1H
6.0% 15.1%
8.2%
14.9%
1.4%
21.6%
6.9%
34.3%
0.5%
23.8%
Housing sales decrease due to low pre-sales because of depression in housing market in 2010
Domestic building sales increase due to uptrend in micro chip construction
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(bn KRW)
12.1%
13.3%
422.9437.9
8.7%6.2%
305.5
202.7
5.0% 5.1%
12121212
Gross Profit Operating ProfitAdjusted Operating Profit* Sales - Costs of sales
* Sales - Cost of Sales SG&A
+/- Other operating profit /expenses
* Sales - Cost of Sales SG&A
3. 1H Results_ Construction Sales (Consolidated)
2010. 1H 2011.1H
3.5%
33.6%
2010. 1H 2011.1H
4.7%4.7%
2010.1H 2011.1H
174.5166.3
Gross profit and margin increase due to improvement in the building sector, excluding the other operating
profit of investment asset mergers in 2010, operating profit and margin has also increased
Marginal decrease in Adjusted operating profit due to increase in expenses such as increase in personnel
expenditure (increase in Adjusted Operating profits margins)Decrease in Operating profit due to last years one-off gain in investment asset mergers
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2010.1H 2011.1H Changes (%)
Industrial
Materials4,005.5 5,162.4 1,156.9 (28.9%)
HQ 2,753.9 3,802.8 1,048.9 (38.1%)
Natural
Resources719.4 1,275.8 556.4 (77.3%)
5,162.4
4,850.8
13131313
3. 1H Results_ T&I Sales (Consolidated)
(bn KRW)
Natural Resources
Energy Environment
Industrial Materials
SalesSales
2010.1H 2011.1H
. . . 69.8%
Energy
Environment125.9 149.6 23.7 (18.8%)
HQ 48.9 53.6 4.7 (9.6%)
Total 4,850.8 6,587.8 1,737.0 (35.8%)
HQ 2,942.5 4,093.6 1,151.1 (39.1%)
35.8%
82.6%
14.8%
2.6%
78.4%
19.4%
2.3%
Increase in Sales due to increase in price and volume in chemicals and iron and steel trading
Sales increase in both Headquarters and overseas offices
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7.5%
6.3%
364.2
414.8 3.2%
1.2%
1.2% 1.0%
14141414
Gross Profit Operating ProfitAdjusted Operating Profit
* Sales - Cost of Sales SG&A
+/- Other operating profit /expenses
*Sales - Cost of Sales SG&A
* Sales - Costs of sales
(bn KRW)
3. 1H Results_ T&I Profit (Consolidated)
2010.1H 2011.1H
13.9%
51.1%
2010.1H 2011.1H
156.7
76.7
2010.1H 2011.1H
59.9
68.714.9%14.9%
Increase in Gross profit due to increase in price and volume in trading items,
Also excluding last years one-off gains in investment asset mergers, Adjusted Operating Profit has increased
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38.9%
2,601.0
3,193.8
1,742.8
2,372.653.0
73.6
27.7
31.2
34.2
15151515
4. Others
Equity Method Profit Total/Net Debt
Samsung General Chemicals
Samsung Petrochemicals
Others
(bn KRW)
Equity method profit, Dividend Income Debt & PF Amount
Net
Total
End of 2010 2011.1H2010.1H 2011.1H
.
6.8 8.2
End of 2010 2011.1H2010.1H 2011.1H
19.4%
65.052.4
Chunho Dong : 307.5 bn
Incheon Okryun : 397.5 bn
Buchun Joongdong :148.0bn
Suwon Gwanggyo : 54.2bn
Gimpo H angang : 49.7bn
Suwon Sindong : 336.0bn439.9
853.0
164.9
1,114.0
1,292.91,278.9
Housing PF AmountDividend Income
Pre-Construction
Construction
Construction
Pre-construction
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2011. 1Q 2011. 2Q 2011. 1H 2010. 1H
Total Construction T&I Total Construction T&I Total Construction T&I Total Construction T&I
Sales 4 , 6 9 6 . 1 1 , 4 9 9 . 7 3 , 1 9 6 . 4 5 , 1 8 6 . 4 1 , 7 9 5 . 1 3 , 3 9 1 . 4 9 , 8 8 2 . 5 3 , 2 9 4 . 7 6 , 5 8 7 . 8 8 , 3 5 5 . 6 3 , 5 0 4 . 8 4 , 8 5 0 . 8
Gross profit
(Margin %)
4 0 6 . 5
( 8 . 7 % )
1 8 6 . 5
( 1 2 . 4 % )
2 2 0 . 0
( 6 . 9 % )
4 4 6 . 2
( 8 . 6 % )
2 5 1 . 4
( 1 4 . 0 % )
1 9 4 . 8
( 5 . 7 % )
8 5 2 . 7
( 8 . 6 % )
4 3 7 . 9
( 1 3 . 3 % )
4 1 4 . 8
( 6 . 3 % )
7 8 7 . 1
( 9 . 4 % )
4 2 2 . 9
( 1 2 . 1 % )
3 6 4 . 2
( 7 . 5 % )
Selling andadministrative
expenses
2 8 8 . 5 1 2 3 . 3 1 6 5 . 2 3 2 9 . 2 1 4 8 . 4 1 8 0 . 9 6 1 7 . 7 2 7 1 . 7 3 4 6 . 1 5 5 2 . 7 2 4 8 . 4 3 0 4 . 3
Adjusted
Operating Profit
1 1 8 . 0
( 2 . 5 % )
6 3 . 2
( 4 . 2 % )
5 4 . 8
( 1 . 7 % )
1 1 7 . 0
( 2 . 3 % )
1 0 3 . 1
( 5 . 7 % )
1 3 . 9
( 0 . 4 % )
2 3 5 . 0
( 2 . 4 % )
1 6 6 . 3
( 5 . 1 % )
6 8 . 7
( 1 . 0 % )
2 3 4 . 4
( 2 . 8 % )
1 7 4 . 6
( 5 . 0 % )
5 9 . 9
( 1 . 2 % )
Other operating
4 8 . 4 4 6 . 7 1 . 7
4 . 0
1 0 . 2 6 . 3 4 4 . 4 3 6 . 5 7 . 9 2 2 7 . 8 1 3 0 . 9 9 6 . 8
(bn KRW)
16161616
5. Consolidated Statements of Income (Summary)
expenses
4 8 . 4 4 6 . 7 1 . 7
4 . 0
1 0 . 2 6 . 3 4 4 . 4 3 6 . 5 7 . 9 2 2 7 . 8 1 3 0 . 9 9 6 . 8
Operating profit
(Margin %)
1 6 6 . 4
( 3 . 5 % )
1 0 9 . 9
( 7 . 3 % )
5 6 . 5
( 1 . 8 % )
1 1 3 . 0
( 2 . 2 % )
9 2 . 8
( 5 . 2 % )
2 0 . 2
( 0 . 6 % )
2 7 9 . 4
( 2 . 8 % )
2 0 2 . 7
( 6 . 2 % )
7 6 . 7
( 1 . 2 % )
4 6 2 . 2
( 5 . 5 % )
3 0 5 . 5
( 8 . 7 % )
1 5 6 . 7
( 3 . 2 % )
Finance income
and expenses
2 4 . 0
2 5 . 0
4 9 . 1
3 4 . 3
Equity method
profit 5 6 . 0 1 7 . 6 7 3 . 6 5 3 . 0
Profit beforeincome tax 1 9 8 . 3 1 0 5 . 6 3 0 3 . 9 4 8 0 . 9
Profit for the
period
(Margin %)
1 3 9 . 5
( 3 . 0 % )
7 1 . 4
( 1 . 4 % )
2 1 0 . 9
( 2 . 1 % )
3 6 2 . 4
( 4 . 3 % )
Attributableto owners ofthe parent
1 3 7 . 8 6 8 . 3 2 0 6 . 1 3 6 1 . 9
Attributable
to notcontrollingassets
1 . 7 3 . 1 4 . 8 0 . 5
* Adjusted Operating Profits = Sales - COGS SG&A Expenses (
Adjusted OP separately calculated for investor reference only, not included in official statements)
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for reference only and is not intended to give any guideline or information to make any decision. Certain section(s)
of this document contain forward-looking statements that are based on expectations, estimations and assumptions
of Samsung C&T Corporation and outside organizations, and therefore, please be advised that any projections or
estimates may be different from actual results and that Samsung C&T Corporation does not make any representation
or warranty either expressly or implicitly as to the correctness, completeness and a ccuracy hereof.
Samsung C&T Corporation shall not be liable for any direct, indirect, consequential, incidental or special damages
due to your Reliance on the information
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