2010 Business Result &

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1 Investor Relations 2011 Business Result & 2011 Business Forecast GLOVIS, a compound word of global & vision means global service corporation which shows new vision at global age

2 GLOVIS Result Market Trend Business Appendix Business Plan / Business Area Summary Automobile Finished Car Shipping Financial Position Overview Sales Analysis Shipping Raw Material Shipping Income Statement Vision SG&A Analysis CKD Investment Securities Op, Non-Op Analysis Used Car TPL 2

3 G L O V I S Business Plan / Business Area Overview Vision Result Market Trend Business Appendix 3

4 Business Plan / Business Area Business Plan Business Area (E) 2011(P) Total Logistics Sales & Distribution Total Logistics Korea ,112.8 International 1, ,944.1 YoY +17.7% YoY % 2, , , Sales & Distribution C K D 2, ,063.1 Merchandise Total 5, ,370.0 Transporting/Storage/Packagi ng Equipment Leasing Port Processing Finished Car Shipping Raw Material Shipping In/Outbound YoY +84.1% HMMA/HMMC KMS/KMMG HAOS/HMMR Used Car Auction Supplies YoY +13.5% , Overseas Subsidiaries 1, ,

5 Company Profile Company Profile Competency Establishment Feb. 22, 2001 Group Hyundai Motor Group Employee / Company Network IT System Capital KRW BN KCPL : 242 Total Issued Shares 37,500,000 Shares Face Value per Share KRW 500 CPIM : 21, CPM : 1 Customs Broker : 5 25 Korea Bases - for cars :18 - for used cars : 2 -for others: 5 SCM Systemized - GLOVIS Transportation Management System Shareholding Hyundai Motor 4.88% Chairman MK Chung 18.11% Haevichi Foundation 1.37% Wilhelmsen Group 15.04% Free Float 28.73% As of Mar. 14, 2011 Institutions 9.15% Foreigners 12.65% Individuals 4.92% Certification of Integrated Logistics Company Korea RFID Industrialization Presidential Award Presidential Citation for Logistics Moody s : Baa2(stable) Forbes 28 Overseas Bases - Subsidiary : 17 -Branch: 6 - Office : 5 - GLOVIS Logistics Control Center -Warehouse Management System -GLOVIS Overseas Advanced Logistics System - RFID System Vice Chairman ES Chung 31.88% Others 2.01% Asia Fabulous 50 Award 5

6 Vision Vision by Year Global Top 10 Integrated Logistics Company Globally Growing Logistics Company Representing Asia Active Shipping Business Expand CKD Business Expand TPL Expanding Growth from Business Expansion Finished Car Shipping Expanded CKD Business U-Car Auction Center Preparing Framework to be Global Logistics Company CKD Business Certified Integrated Logistics Co. Global Network Quickening Automotive Specialized Logistics Company Integrated Group Logistics U-CarU Auction Auto-Specialized a ed Logistics Co. 6

7 GLOVIS Result Summary Sales Analysis SG&A E Analysis Op, Non-Op Analysis Market Trend Business Appendix 7

8 Summary Sales 5, , , ,192.8, % YoY Sales 3, , , % OP Profit Operating Profit % (OP Margin) 4.2% 4.6% 3.9% EBITDA % EBITDA Unit : KRW 1BN EBT % Net Profit %

9 Sales Analysis Composition Korea L Sales Cost of Sales Increase in finished car production & New car sales 3, , Korea L 26.2% 2% 16.9% 30.0% International L 1, ,609.7 Expansion & Increase in finished car / raw material Increase in auto parts ex/import Int l L 29.8% 49.6% C K D 2, , , , , , ,652.3 New plant & models added - KMMG, HMMR, etc. C K D Merchandise 38.4% 5.6% 3.5% Merchandise Gradual & countinuous increase in u-car business

10 SG&A Expense Analysis 2009 YoY Freight Expense % 21.4% 14.4% Salaries % % Others % 23.9% 71.3% 54.7% Total % To Total Sales 3.6% 4.3% Freight Expense Salaries Others Key Factors for change Freight Expense To CKD / Total Sales : Freight Expense to CKD Sales : SG&A Expense to Tatal Sales - Transporting expense for CKD - Change in freight expense due to the change in CKD sales 5.4% 5.3% 5.6% 6.2% % 3.6% 3.6% 4.3% Salaries - Salaries + Retirement Allowance Employment Benefit - More employees from business expansion

11 Operating, Non-Operating Analysis Operating Profit Non-Operating Profit Interest Income F/X Gain Equity Method Gain Others Interest Expense F/X Loss Equity Method Loss Others Equity Method Gain Others (3Q 10 : Gain on Disposal of Equity Method Sec, KRW 24.2 BN) - GLOVIS Holding Share in Hyundai Food System merged into Hyundai Green Food (Jul. 5, )

12 GLOVIS Result Market Trend Automobile Shipping Business Appendix 12

13 Market Trend (Automobile) Hyundai Motor Group 10 Result & 11 Plan Hyundai Motor Group Sales Unit : 1,000 Cars Descriptio n HMC KMC Total Productio n Region Korea Oversea s Korea Oversea s Sales Result 1,730 1,900 1, , Plan 1,850 2,060 1, ,330 YoY 7.1% 8.4% 6.4% 27.4% 9.7% Remarks Source : KAMA(Korea Automobile Manufacturer Association), Market Forecast Domestic Sales Export Sales Unit : 1,000 Cars HMC KMC 1,613 1,732 1,149 1, , Hyundai Motor Group Global M/S Hyundai Motor Group Status China USA Europe Unit : % HMG s 2011 Sales Plan - Approximately 63.3 MN Cars (YoY 10.1% ) Expecting New Car Effect both in Korea & Overseas - Korea : Accent (Dec. ), Azera, Morning (Jan), Veloster (Feb.), Pride (TBA) - Overseas : SonataVF, K5, Azera, Veloster, etc. HMC Expands R&D for Eco Vehicles - Increase R&D budget by 53.5% for Hybrid, Electric, Fuel Cell Electric, and etc. 13

14 Market Trend (Shipping) Shipping Index Container % Int l Logistics Trend BDI HR Container GLOVIS International Logistics Sales, 1,000 TEU Container Traffic 2,812 3,027 17,927 18,967 1, ,621 17, , , Bulk Market - Concerns for double dip increases since BDI goes below 1,500 - Quantity of bulk traffic decreases due to retrenchment from China and flood in Australia Container Market - Market has been through upside from high freight rate & scheduled order for vessels -Forecast to increase of freight rate in 2 nd quarter due to seasonal reasons 14

15 GLOVIS Result Market Business Finished Car Shipping Raw Material CKD Used Car TPL Shipping Appendix 15

16 Finished Car Shipping Business Finished i Car Export (Korea) Car Carrier Fleet HMC Export KMC Export Korean Cars Export Unit : 1,000 Cars Year Size (CEU) Name Investment (USD MN) Condition 840 1,080 2, ,100 2, , ,070 2, ,200 Asian Sun 4,200 Asian Venture 6,000 Asian Grace 6,000 Asian Chorus 6,000 Asian Legend Bareboat Charter Hire Purchase (BBCHP) ,500 6, New Build Source : KAMA Exporting Route Global PCC Market As of Jun. 30, Middle East Asia Pacific Australia / New Zealand West Coast of America Central America Southwest America Company Nationality Fleet # M/S NYK % Japan MOL % EUKOR Korea % WWL Norway % K-Line Japan % Hoegh Norway % Others % Total % Source : World Pure Car Carrier Fleet, Hesnes Shipping AS 16

17 Raw Material Shipping Business Hyundai Steel Blast Furnace Schedule GLOVIS Raw Material Shipping Business Contract 캐나다 Shipping Company B/F Mil B/F Mil B/F Mil #1 #2 #3 #3 Canada China Jan. Nov. 2014(P) Demand Production Capacity Australia Iron Ore Coal Limestone Brazil, W. Australia Canada, E. Australia,China Korea, etc. Brazil Iron Ore 13.6 MN t Crude Steel 8 MN t Coal 6.5 MN t Product 8 MN t Limestone 2.7 MN t - Hot coil : 6.5 MN t -Plate : 1.5 MN t Blast Furnace Mil #3 Source : Hyundai Steel Website - Construction will be started within year of 2011 and Hyundai Steel will have 12 MN ton of production capacity per year - Construction Period on average : 29 months Contract 1 st (Jan. 2008) 2 nd (Nov. 2008) Type Long-term Consecutive Voyage Charter Contract Amount USD 1,404 MN USD 1,015 MN Period ~ 2030 (20 yrs) ~ 2025 (15yrs) ~ 2031 (20yrs) Vessel 5 vessels 4 vessels Additional Long-term Contract (Dec. ) - Period : 20 yrs (1 vessel) - Amount : USD 389 MN Article 24 Korean Marine Act : Regulation in transporting of strategic raw materials between specially related companies under the legislative process for deregulation 17

18 CKD Business Overview Overseas Production Status 단위 : 만대 CGS Sales HMMA KMS HMMC KMMG Unit : 1,000 Cars Vendor 300 Vendor Vendor ORDER Vendor Package Vanning Inland Transport Ship Overseas Car Plant Vendor Vendor In Charge of GLOVIS Korea In Charge of Overseas Subsidiaries CKD Supplying GLOVISCKD Business Sales, % Region Production Capacity Unit : 1,000 Cars Production Initiation Year USA (HMMA) Czech (HMMC) Current Turkey (HAOS) 100 New Slovakia (KMS) USA (KMMG) Russia Brazil % to Total Sales 34.2% % 1, % 38.3% 1, , % 2,

19 Used Car Business Used Car Market in Korea Unit : 1,000 Cars New Car Sales Used Car Sales 2,730 GLOVIS Used Car Business # of Cars Succeed in bid # of cars exhibited % of successful bid Unit : 1,000 Cars, % 1,220 1,850 1,150 1,760 1,390 1, % 58.3% 56.1% 1, % % Source : KAMA, GLOVIS Forecast Business Operation - Operate 2 auction centers (off-line, wholesale) - Process : Request/Collect Check/Assess Auction Sold/Unsold GLOVIS Used Car Business Sales Sales Profit Structure - Ordinary auction: bid fee + success fee - GLOVIS purchasing: bid price purchase price High Growth Potential - Small auction M/S compared with Japan(56%) and USA(25%) - Price competitiveness by competitive bidding, reducing distribution channel and cost Expansion Plan to Megalopolis area (in Busan Area) Execute on-line bidding when necessary

20 TPL Business GLOVIS TPL Sales Comparison of Global TPL Use TPL Use % 80.0% 70.0% 60.0% 48.2% USA Europe Japan Singapore Korea Source : Korea International Trade Association GLOVIS TPL Major Customer TPL Used by Korean Companies Korea Logistics International Logistics Int l L (Overseas Subsidiary) TPL Use 35.6% 38.8% 8% 42.2% 46.3% 48.2% Source : Korea International Trade Association 20

21 GLOVIS Result Market Trend Business Appendix Financial Income Investment Position Statement Securities 21

22 Summarized Financial Position Statement 2009 % Current Assets Cash & Cash Equivalent Non-Current Assets , Total Assets 1, , Current Liabilities Non-Current Liabilities Long-Term Payables Total Liabilities Capital Stock Capital Surplus Accumulated Other Comprehensive Income Retained Earnings Total Stockholders Equity , YoY Liabilities-to-Equity Ratio 100.0% 0% 72.0%

23 Summarized Income Statement 단위 : 10 억원 2009 YoY % Sales 3, , , Cost of Sales 2, , , Gross Profit SG&A Expense Operating Profit Non-Operating Profit Non-Operating Expense EBT Income Tax Expense Net Profit EPS(KRW) 5,061 7,083 2,022 23

24 Investment Securities Equity Method Investment Trading Securities Company Stake(%) Sales Net Profit Book Value Equity Method Gain Company Stake(%) Sales Book Value Remarks Hyundai Amco 24.96% 1, Hyundai Mobis 0.7% Hyundai Green Food 505% 5.05% Haevichi Hotel and Resort 50% 5.0% Glovis America % Hyundai A&I 16.2% Beijing Glovis % Luco 16.7% Glovis Slovakia % Hyundai Green Development 4.0% Glovis Europe % Glovis Australia 100.0% Glovis Czech % Glovis Turkey 100.0% Glovis India % Glovis Russia %