Investor Relations H Business Performance

Investor Relations 2010 2010 1H Business Performance

GLOVIS Industry Status Growth Potentials 1H Result Appendix Overview Automobile Finished Car Summary Summarized F/P GLOVIS Vision Shipping Raw Material CKD Business Sales Analysis SG&A Analysis Summarized I/S Investment Sec. Used Car Business Non-op Analysis 3PL Business

Overview GLOVIS Business Area Competency As of Jun. 30, 2010 Unit : KRW 1BN Total Logistics Korea International Transporting/ Storage/Packaging Equipment Leasing Port Processing Finished Car Shipping Raw Material Shipping In/Outbound 2009 2010(P) YoY 836.7 898.0 7.3% 951.5 1,343.0 41.1% Employee Company Korea Certified Professional Logistician : 182 CPIM : 23, CPM : 2 Customs Broker : 5 Certified of Integrated Logistics Comp ( 07) Korea RFID Industrialization Presidential Award Establishment of Logistics Research Institute Korea Logistics Award Presidential Citation Distribution Sales C K D Merchandise HMMA / HMMC KMS / KMMG Used Car Auction Supplies 1,224.4 1,388.0 13.4% 180.1 211.0 17.2% Total 3,192.7 3,840.0 20.3% Overseas Subsidiaries Inland Transporting VPC/PDI/Storage/ Assembling 1,064.2 1,190.0 11.8% Korea Network Overseas IT System 22 Logistics Bases - for Cars : 15 (including CKD Center) -for Used Car: 2 - for Others : 5 21 Logistics Bases - Subsidiary : 17 -Branch: 2 - Office : 2 SCM Systemized throughout total logistics -GTMS (Glovis Transportation Management System) - GLCC (Glovis Logistics Control Center) - WMS (Warehouse Management System) -Goals (Glovis Overseas Advanced Logistics System) - RFID System 4

GLOVIS Vision 2015- Global Top 10 Integrated Logistics Company 2010-2014 Globally Growing Active shipping business Expand CKD business Expand 3rd Party Logistics Logistics Company Representing Asia 2008-2009 Expanding Entered into finished car shipping business Expanded CKD business Expanded used car auction center Growth from Business Expansion 2005-2007 Preparing Framework to be Global Logistics Company Entered into CKD business Certified as integrated total logistics company Established global network 2001-2004 Quickening Automotive Specialized Logistics Company Integrated HKMC s logistics Entered into used car business Frameworked as a automotive specialized logistics company 5

Automobile Market Trend Hyundai Auto Group Sales HAG s 10 Sales Plan & 1H Achievement Domestic Sales Export Sales Unit : 1,000 Cars Unit : 1,000 Cars 719 405 315 HMC 856 534 321 511 318 192 KMC 651 423 228 Description HMC KMC Area 10 Sales (P) 1H '10 Sales Accompl ishment Domestic 1,700 860 50.6% International 1,760 920 52.3% Domestic 1,270 650 51.2% International 670 340 50.8% Notes 1H 09 1H 10 1H 09 1H 10 Total 5,400 2,770 51.3% Automobile Market Achievement Automobile Industry Trend Exported Vehicles 1,324 4.6 1H 06 M/S of HAG in USA Unit : 1,000 Cars, % 1,424 1,434 1,334 939 7.4 7.6 4.8 5.2 1H 07 1H 08 1H 09 1H 10 Market share goes up on 1H in USA - HMC[4.6%] and KMC [3.0%] to record high percentage Signs of restore for the Big Three - Affirmative prospect on export for K-vendors HAG will increase its competitiveness on 2H 10 - New models (Elantra and etc.), Cost reduction (Sharing platforms) 7

Shipping Market Trend Shipping Industry Index Container Traffic and Int l Logistics Sales Trend BDI HR Container Sales Container Traffic, 1,000 TEU 1,561.7 2,713.7 2,811.5 3,401.0 3,026.7 2,923.5 2,774 3,235 3,421 3,636 292.3 4,453 348.5 5,038 451.8 493.7 260.2 429.9 218.3 360.1 352.4 180.6 344.3 333.8 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 Increase of container traffic Improved Bulk Market - Major ports have seen 9.7% of increase on 1H 10 to 1H 09 - Bulk Traffic might increase on 3Q 10 after recent recession - Container Traffic will be increasing on 2H 10 due to high-demand season - Volume of coal and iron ore could go up due to winter season 8

Finished Car (Pure Car Carrier) Finished Car Export (Korea) Korean Cars Exported Hyundai Exported Kia Exported Unit : 1,000 Cars 2,850 2,650 2,680 2,140 870 840 1,340 740 730 420 1,030 1,080 1,100 910 530 2006 2007 2008 2009 1H 10 Source : KAMA (Korea Automobile Manufacturer Association), Hyundai and Kia Motors IR Website GLOVIS Finished Car Year Size (CEU) Vessel Name 2008 2009 2010 4,200 Asian Sun 4,200 Asian Venture 6,000 Asian Grace 6,000 Asian Chorus 6,000 Asian Legend 6,500 6,500 Investment (USD MN) Condition 101.6 Bareboat Charter Hire Purchase (BBCHP) 81.3-126.0 New Build Export Routes Global PCC Market As of Jan. 01, 2010 Company Country Fleet # M/S NYK 100 17.0% K-Line Japan 71 12.1% MOL 66 11.2% EUKOR Korea 64 10.9% WWL 62 10.5% Norway Hoegh 52 8.8% Others 174 29.6% Total 589 100.0% Source : World Pure Car Carrier Fleet, Hesnes Shipping AS 10

Raw Material Hyundai Steel Blast Furnace Schedule 2010 2011 2012 2015(P) Blast Furnace mill #1 operation Blast Furnace mill #2 operation Blast Furnace mill ㅇ #3 Max. production capacity : 4 MN ton per 1 B.F mill Volume forecast : 20 MN ton per year for 2011~2014 Source : Hyundai Steel Website BF : Blast Furnace Iron Ore Brazil, W.Australia Coal Canada, E.Australia, China Lime Stone Korea, etc. GLOVIS Raw Material Contract 캐나다 Long-term Transporting Contract Long-term Chartering Contract Shipping Companies Type 1st Contract 2nd Contract Long-term Consecutive Voyage Charter Contract Date Jan. 24th, 2008 Nov. 3rd, 2008 Amount USD 1,404 MN USD 1,015 MN Period 2010 ~ 2030 (for 20 yrs) - 2011 ~ 2025 (for 15 yrs) - 2011 ~ 2031 (for 20 yrs) # of Vessels 5 vessels 4 vessels (15-yr : 3 vessels, 20-yr : 1 vessel) Public Disclosure Entering into Single Sales or Supply Contract (Jan / Nov. 2008) Article 24 Korean Marine Act : Regulation in transporting of strategic raw materials between specially related companies under the legislative process for deregulation 11

CKD Business Supply Status Region Production Capacity Unit : 1,000 Cars Initiation Year Production Status HMMA KMS HMMC KMMG Unit : 1,000 Cars USA (HMMA) 300 2005 Current Czech (HMMC) 300 2009 Slovakia (KMS) 300 2007 USA (KMMG) 300 2009 237 251 145 237 202 195 160 144 154 107 90 Turkey 100 2010 62 New Russia 100 2011 Brazil 100 2012 5 12 2006 2007 2008 2009 15 1H 10 M/S Trend in USA Sonata / Mid-Size Tucson / CUV 12.6 Unit : % GLOVIS CKD Business CKD Sales Sales % 40.5 39.2 34.2 38.3 36.5, % 50.6 7.3 5.0 4.6 4.5 1,201.6 1,224.4 1,399.6 1,017.0 4.4 4.4 4.5 2.1 4.4 2009 10 1. 10 2. 10 3. 10 4. 10 5. 644.1 2006 2007 2008 2009 492.3 1H 09 1H 10 12

Used Car Business Used Car Market in Korea Unit : 1,000 cars GLOVIS Used Car Auction Business Unit : 1,000 cars, % New Car Sales Used Car Sales # of cars exhibited # of cars succeed in bid Ratio of successful bid 63.6 1,800 1,160 1220 1,850 1,150 1,760 1,390 1,960 39 58.3 23 42 56.1 24 48 52.1 25 60 62.3 37 27 17 2006 2007 2008 Source: KAMA (Korea Automobile Manufacturer Association), GLOVIS Forecast 2009 2006 2007 2008 2009 1H 10 Business Operating - Operate 2 auction centers (off-line, wholesale) - Bundang Center (Jul. 03), Sihwa Center (Sept. 08) Used Car Business Revenue Changes Used Car Sales, Profit Structure - Ordinary auction : bid fee + success fee - GLOVIS purchasing : bid price - purchase price 70.1 101.9 133.1 69.6 70.5 High Growth Potential - Small auction M/S compared with Japan(56%) and USA(25%) - Price competitiveness by competitive bidding, reducing distribution channel and cost 51.4 Expansion Plan to Southeast area 2006 2007 2008 2009 1H 09 1H 10 13

3 rd Party Logistics Business GLOVIS 3PL Logistics 3PL Used by Domestic companies 3PL Sales 3PL Usage 600.1 45.9% 48.2% 478.0 38.8% 42.2% 286.2 351.7 301.6 35.6% 2006 2007 2008 2009 1H 10 2005 2006 2007 2008 2009 Source : GLOVIS Source : Korea International Trade Association Comparison of 3PL Use Plans for 3PL Business Expansion 80% 80% Enhance professionalism in Service providing 70% - Provide specialized logistics service : Use of IT System e.g. RFID 60% Established new 3PL business team (2010) 48.2% - Customer expansion (Auto Part Oil, Agricultural Product, Military demands) Main Customers : USA Europe Japan Source : Korea International Trade Association Singapore Korea 14

1H Summarized Results Sales, % 2009 2Q 2010 1Q 2010 2Q YoY QoQ 2,767.3 1,511.1 1,256.2 Sales 773.8 1,256.2 1,511.1 95.3% 20.3% 773.9 Operating Income 38.5 51.4 50.2 30.5% -2.3% 2Q 09 2Q 10 1H 09 Operating Income 1H 10 101.6 (OP Margin) 5.0% 4.1% 3.3% - - 38.5 50.2 70.6 EBITDA 44.3 58.0 57.0 28.7% -1.7% 2Q 09 2Q 10 1H 09 1H 10 EBITDA EBT 101.2 73.9 62.2-38.5% -15.8% 115.1 80.9 Net Income 78.6 57.5 52.9-32.7% -8.0% 44.3 57.0 2Q 09 2Q 10 1H 09 1H 10 16

Sales Analysis Sales Composition Korea Logistics International Logistics Sales Cost Sales Cost 800.3 2,767.3 466.5 (16.9%) 202.3 185.8 241.0 222.1 366.8 338.9 466.5 429.4 218.3 203.5 451.8 413.7 398.9 371.7 733.2 2Q 09 2Q 10 1H 09 1H 10 2Q 09 2Q 10 1H 09 1H 10 800.3 (28.9%) Increased finished car transportation PCC and auto parts In/Outbound expansion Korea Logistics International Logistics C K D 1,348.9 366.8 (27.2%) 398.9 (29.6%) 492.3 (36.5%) 1,399.6 (50.6%) CKD Sales Cost 764.9 306.9 712.6 492.3 280.6 440.3 1,399.6 1,296.9 Merchandise Sales Cost 53.3 46.3 48.2 40.9 90.9 81.8 100.8 90.2 Merchandise 90.9 (6.7%) 100.8 (3.6%) 2Q 09 2Q 10 1H 09 1H 10 2Q 09 2Q 10 1H 09 1H 10 1H 09 1H 10 Continuous sales growth for CKD - Production volume increases in USA and Europe Used Car sales increase - Continuous of exhibition and succeeded bids 17

SG&A Analysis Freight Expense 2009 2Q 2010 2Q YoY 2009 1H 2010 1H YoY 12.7 47.1 270.0% 21.0 84.6 302.9% Salaries 5.8 8.6 48.3% 12.0 17.3 44.2% Others 6.1 8.6 40.9% 11.2 14.2 26.8% Total 24.6 64.3 160.6% 44.2 116.1 162.4% Ratio to Sales 3.2% 4.3% 3.3% 4.2% Key Factors for Increase/Decrease Ratio to Sales, % Freight Expense - Transporting expense for CKD parts - Increase in freight expense due to the increase in CKD sales 3.2% 4.3% 3.3% 51.8 4.2% 116.1 2Q 09 2Q 10 1H 09 1H 10 CKD Sales 306.9 764.9 492.3 1,399.6 Freight 12.7 47.1 21.0 84.6 24.6 24.8 64.3 44.2 Ratio to Sales 4.1% 6.2% 4.3% 6.0% 2Q 09 2Q 10 1H 09 1H 10 18

Non-operating Income/Expense Analysis Non-operating Income Quarterly Non-operating Income 2009 1H 2010 1H 57.6 52.2 103.9 127.3 110.3 2.0 3.7 48.8 24.3 42.3 6.7 Disposition of equity method sec 31.5 63.9 Interest Income F/X Gain Equity Method Gain Others 2Q 09 2Q 10 1H 09 1H 10 Non-operating Expense Quarterly Non-operating Expense 2009 1H 2010 1H 63.5 56.2 61.1 75.8 41.1 51.9 2.8 6.8 0.6 0.0 1.5 5.5 Interest Expense F/X Loss Equity Method Loss Others 2Q 09 2Q 10 1H 09 2H 10 19

Summarized Statement of Financial Position 2007 2008 2009 2010 1H Current Assets 546.6 558.5 885.4 978.5 Cash & Cash Equivalent 130.7 165.9 242.0 292.9 Non-Current Assets 382.9 545.8 775.6 887.5 Total Assets 929.5 1,104.4 1,661.0 1,865.9 Current Liabilities 366.3 340.0 627.1 715.7 Non-current Liabilities 43.8 137.6 203.3 214.0 Long-term Payables - 91.7 127.8 121.2 Total Liabilities 410.1 477.6 830.4 929.7 Capital Stock 18.8 18.8 18.8 18.8 Capital Surplus 153.6 153.6 153.6 153.6 Accumulated Other Comprehensive Income 11.0 19.4 52.4 70.2 Retained Earnings 336.0 434.9 605.9 693.7 Total Stockholders Equity 519.4 626.7 830.7 936.2 Debt-to-Equity Ratio 79.0% 76.2% 100.0% 99.3% 21

Summarized Income Statement 2009 2Q 2010 2Q Change Change 2009 1H 2010 1H YoY % YoY % Sales 773.8 1,511.1 737.3 95.3% 1,348.9 2,767.3 1,418.4 105.2% Cost of Goods & Services Sold 710.7 1,396.6 685.9 96.5% 1,232.7 2,549.6 1,316.9 106.8% Gross Profit 63.1 114.5 51.4 81.4% 116.2 217.7 101.5 87.3% SG&A Expense 24.7 64,3 39.6 160.6% 45.6 116.1 70.5 154.6% Operating Income 38.5 50.2 11.7 30.5% 70.6 101.6 31.0 43.9% Non-operating Income 103.9 63.9-40.0-38.5% 152.7 110.3-42.4-27.8% Non-operating Expense 41.1 51.9 10.8 26.3% 61.1 75.8 14.7 24.1% EBT 101.2 62.2-39.0-38.5% 138.1 136.1-2.0-1.4% Income Taxes 22.6 9.3-13.3-58.8% 28.9 25.8-3.1-10.7% Net Income 78.6 52.9-25.7-32.7% 109.1 110.3 1.2 1.1% EPS(KRW) 2,097 1,410 2,910 2,942 22

Investment Securities Equity Method Investment Company Stake(%) Sales Net Income Book Value Equity Method Gain Trading Securities Company Stake(%) Sales Book Value Remark Hyundai Amco 24.96% 532.4 31.8 98.9 7.2 Hyundai Mobis 0.70% 6,763.7 135.9 Hyundai Food System 13.65% 182.6 11.6 26.1 1.6 Haevichi Hotel and Resort 5.00% 8.3 0.0 Glovis America 100.00% 378.1 19.4 94.8 19.4 Hyundai A&I 16.20% - 14.3 Beijing Glovis 100.00% 44.5 1.9 8.0 2.2 Luco 16.70% - 0.1 Glovis Slovakia 100.00% 22.7 2.1 10.9 1.9 Hyundai Green Development 4.00% - 0.2 Glovis Europe 100.00% 133.4 5.8 16.8 6.1 Glovis Australia 100.00% 14.9 0.5 Glovis Czech 100.00% 17.2 3.1 9.5 3.1 Glovis Turkey 100.00% 14.8 0.5 Glovis India 100.00% 81.1 0.6 5.7 0.8 Glovis Russia 100.00% 25.0 0.7 3.4 0.04 23