HYUNDAI GLOVIS Q Business Result

Transcription

1 Investor Relations 2011 Your Value Chain Partner HYUNDAI GLOVIS Q Business Result

2 (1) GLOVIS 3 (2) 3Q Result 8 (3) Business 13 (4) Appendix 20 Disclaimer Statement This Presentation has been prepared with un-reviewed Q results for investors convenience. Therefore, some parts may change upon the audit of external auditors. 2

3 (1) GLOVIS Overview Competency Vision 3Q News 3

4 Company Profile : Overview <HYUNDAI GLOVIS co., LTD.> Establishment : Feb. 22, 2001 Capital : KRW BN Unit : KRW 1 MN CAGR 32.6% 5,833,983 Listed Date : Dec. 26, 2005 Total Issued Shares : 37,500,000 Shares Face Value per Share : KRW 500 Credit Rating : S&P [BBB (Positive)] ,885,087 2,510,188 3,065,235 3,192,755 Credit Rating : Moody s [Baa2(Stable)] <Shareholding & Share Price> VC ES Jung 31.88% Free Float 32.23% As of Oct. 31, 2011 <Free Float> KOSPI GLOVIS Transport & Storage Period : Jan. 2, 2008 ~ Oct. 31, 2011 Institutions 15.90% Chairman MK Jung 11.51% Foreigners 13.88% Individuals 0.74% Others 1.71% Hyundai Motor 4.88% Haevichi Foundation 4.46% Wilh. Wilhelmsen 15.04% 1Q 2Q 3Q 4Q Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Q 2Q 3Q Q 4

5 Company Profile : Competency Logistic Industry s KEY WORD IT SYSTEM NETWORK PROFESSIONALISM GLOVIS Transportation Management System GLOVIS Logistics Control Center Warehouse Management System GLOVIS Overseas Advanced Logistics System RFID System 25 Korean Bases - for Cars : 18 - Used Cars : 2 - for Others : 5 32 Overseas Bases - Subsidiary : 20 - Branch : 7 - Office : 5 KCPL : 284 CPIM : 29 CPM : 1 Custom Broker : 5 As of Sept. 30,

6 Company Profile : Vision Resource Circulation Your Value Chain Partner 2015 Global Top10 in Logistics & Trading Resource Development R&D / Procurement Distribution LOGISTICS Production Sales A/S We Maximize Your Value! 6

7 Company Profile : 3Q News Naming Ceremony of PCC, GLOVIS PASSION - The Naming ceremony of PCC, GLOVIS PASSION, was held on July 13th. GLOVIS PASSION is a vehicle carrier with 3,600 capacity and began - its first sail on the 14 th of July carrying about 2,900 cars and heavy equipment. GLOVIS INDIA starts Finished Vehicle Transportation - GLOVIS INDIA kicked off a new business for its sustainable growth. - GLOVIS INDIA will start the business based on the main transportation route - 1,500KM, from HMI(Chennai) to Mahindra(Nasik/Pune), vise versa, and expand - business by increasing the number of transported vehicles and procuring goods - from other car makers GLOVIS TURKEY begins transporting Construction Materials - GLOVIS TURKEY transported the first supply of construction materials to - Afghanistan. This project is to transport construction materials to a Turkish - construction company which operates construction sites in Afghanistan, - and our hard work of expanding global 3PL is starting to pay off. 7

8 (2) 3Q Result Summary Sales Analysis SG&A Analysis Other Gains & Losses / Financial Income & Cost 8

9 3Q Performance: Summary Unit : KRW 1 BN 3Q 10 2Q 11 3Q 11 YoY K-GAAP K-IFRS K-IFRS K-IFRS (%) QoQ (%) Sales 1, , , , Operating Profit Other Gains & Losses Total (OP Margin) 4.2% 7.5% 4.8% 4.4% - - EBITDA EBT Net Profit

10 3Q Performance: Sales Analysis Sales Cost of Sales Unit: KRW 1 BN 1,945.4 Merchandise 1, % <Korean Logistics> <International Logistics> % CKD 49.7% 3Q 10 2Q 11 Increase in finished car production & sales 3Q 11 3Q 10 2Q 11 3Q 11 Expansion & Increase in finished cars & raw materials Increase in auto parts ex/import 50.7% <CKD> <Merchandise> Int l Logistics 30.4% % 3Q 10 2Q 11 3Q 11 3Q 10 2Q 11 3Q 11 Korean Logistics 16.5% Production increase in Europe plants and New models - HMMR PRIDE, KMMG K5 etc. Gradual & continuous increase in used car business 14.7% 3Q 10 3Q 11 10

11 3Q Performance: SG&A Analysis Unit : KRW 1 BN 3Q 10 2Q 11 3Q 11 YoY (%) QoQ (%) Freight Expense Salaries Others Total To Total Sales 4.3% 3.8% 3.8% < To Total Sales> Unit : KRW 1 BN 6.2% Freight Expense to CKD Sales 5.3% 4.3% SG&A Expense to Total Sales 3.8% Freight Expense - Transporting expense for CKD - Change in freight expense due to change in CKD sales Salaries - Salaries + Severance payment + Long Term Employee Benefit + Employment Benefit 3Q 10 3Q 11 3Q 10 3Q 11 11

12 3Q Performance : Other Gains & Losses / Financial Income & Cost <Other Gains & Losses> <Financial Income & Cost> Unit : KRW 1 BN FX Gains Other Gains FX Losses Other Losses Unit : KRW 1 BN Dividends Income Interest Revenues Financial Cost Other G&L : 45.6 Other G&L : 6.0 Financial I&C : 7.5 Financial I&C : Q 10 Accumulated 3Q 11 Accumulated 3Q 10 Accumulated 3Q 11 Accumulated 12

13 (3) Business Korean / International Logistics CKD Used Car TPL 13

14 Logistics : Korean & International <Business Overview> 1 Korean Logistics - Procurement ㆍ Production ㆍ Sales Logistics - Finished Car, Auto Parts, Steel etc. - Transportation 2 International Logistics - In/Outbound Logistics - Finished Car, Raw Material, Auto Parts, - Equipment etc. Shipping Hyundai Motor Group / Non-affiliates Logistics Provider Enhance efficiency by providing One-stop Logistic Service Reduce cost price for customers through Scale of Economy Transport Auto parts with JIT/JIS system Providing Logistics Solution for various freight Service related to Logistics as Consulting 14

15 Logistics : Finished Car Shipping <Finished Car Export> Unit : 1,000 cars Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 <PCC Fleet Expansion> <Global PCC Market> Owned Chartered Unit : 1 Vessel Unit : 1 Vessel, As of Dec. 31, NYK MOL K-Line Eukor 65 WWL Q 11 Hoegh Others

16 Logistics : Raw Material Shipping <Business Overview> 캐나다 China Canada Brazil Australia Iron Ore Coal Limestone Brazil, W.Australia Canada, E.Australia, China Korea etc. <Contract> Shipping Companies <Business Scale> Demand Production Capacity Contract 1 st (Jan. 2008) 2 nd (Nov. 2008) 3 rd (Dec. 2010) Type Long-term Consecutive Voyage Charter Contract Amount USD 1,404 MN USD 1,015 MN USD 389 MN Period 2010 ~ 2030 (20yrs.) 2011 ~ 2025 (15yrs.) 2011 ~ 2031 (20yrs.) 2012 ~ 2032 (20yrs.) Vessel 5 vessels 4 vessels 1 vessels Coal 6.5 MN Ton Limestone 2.7 MN Ton Iron Ore 13.6 MN Ton Crude Steel 8 MN Ton Product 8 MN Ton - Hot Coil : 6.5 MN Ton - Plate : 1.5 MN Ton Article 24 Korean Marine Act : Regulation in transporting of strategic raw materials (Natural Gas, Iron Ore) between specially related companies 3 rd Blast Furnace : Construction began in Apr 고로 3 기 : (will take approx. 29 Mnths) 16

17 CKD Business <Business Overview> <KD Specialization> P/O Vanning Inland M I P Vendors Packing Ocean Module C K D <Overseas Production Status> HMMC 300 HMMR 150 Unit : 1,000 Cars 300 Unit : 1,000 cars 10 Annual 3Q accumulated KMS 300 HMMA 300 KMMG HAOS HMB 250 (Estimated) HMMA KMS HMMC KMMG HMMR 17

18 Used Car Business <Auction Center Status> Sihwa Auction Center Service Center Date of MOU Jul., 2010 Bundang Opening Date 2012 Size Appx m3 Yangsan Expected Effect Market expansion via additional network near 2 nd biggest city <Auction Process> <Used Car Business Sales> Unit: KRW 1 BN Request Collect Auction Sold Prepare Auction Unsold Assess Display Site Visit Check (E) 18

19 TPL Business <TPL Business Area> Int l Chem Enterprise Project SCM Int l Logistics (Export/Import) Ocean/Air/Bulk Commercial Vehicle, Heavy Machines, Auto Parts, etc. Entered Chemical industry Exporting chemical products (e.g., resin) Korean Logistics Diversify Items from Procurement (Auto Parts,) to Oil, Agricultural Products Project Cargos Logistics for overseas plant construction etc. Consulting work Develop SCM Solution Tool Propose rationalized logistics and cost reduction methods 19

20 (4) Appendix Financial Statement Income Statement Subsidiaries 20

21 Appendix : Summarized Financial Statement Unit : KRW 1 BN Accounts Q 11 Variation Current Assets 1, , Cash & Cash Equivalent Non-Current Assets , Total Assets 2, , Current Liabilities , Short -term Debt Non-Current Liabilities Long-term Payables Total Liabilities 1, , Paid-in Capital Capital Stock Capital Surplus Accumulated Other Comprehensive Income Retained Earnings , Total Stockholders Equity 1, , Liabilities-to-Equity Ratio 87.9% 109.2% - - % 21

22 Appendix : Summarized Income Statement Unit : KRW 1 BN 3Q 10 K-GAAP 3Q 10 K-IFRS 2Q 11 K-IFRS 3Q 11 K-IFRS YoY (%) Variation QoQ (%) Sales 1,479.0 Sales 1, , , Cost of Sales 1,354.0 Cost of Sales 1, , , Gross Profit Gross Profit SG&A Expense 63.4 SG&A Expense Other Gains & Losses Operating Profit 61.5 Operating Profit Non-Operating Profit & Loss 46.1 Financial Income & Cost EBT EBT Income Tax Expense 19.7 Income Tax Expense Net Profit 87.9 Net Profit

23 Appendix : Subsidiaries Unit : KRW 1 BN Company Stake Sales 1Q 11 2Q 11 3Q 11 Net Profit Book Value Sales Net Profit Book Value Sales Net Profit Book Value Remarks HYUNDAI AMCO 24.96% GLOVIS AMERICA % GLOVIS SLOVAKIA % BEIJING GLOVIS % GLOVIS EUROPE % GLOVIS CZECH % GLOVIS INDIA % GLOVIS RUSSIA % GLOVIS TURKEY % GLOVIS AUSTRALIA % GLOVIS BRAZIL % GLOVIS MONGOLIA % TOTAL ,