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Cheil Industries. May, 2010. CONTENTS. Company Overview Business Target FY2010 Earnings Release 1Q10 Appendix `. This document is provided for the convenience of investors only, before the completion of an - PowerPoint PPT Presentation

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  • Cheil Industries May, 2010

  • CONTENTSCompany OverviewBusiness Target FY2010Earnings Release 1Q10 Appendix` This document is provided for the convenience of investors only, before the completion of an external audit. Some figures may be subject to change according to the audit outcomes. As the forward-looking statements this release may contain are based on the companys own business outlook, they may differ from the real result. Therefore, the responsibility for investment on this material is imputed only to investors.

  • 1. Company Overview

  • Company History A Journey BeginsA Refining RevolutionBig AchievementsReaching New HeightsAdvanced into Fashion BusinessAcquired Fashion Div.from Samsung Corp. Founded as a Textile PlayerLaunched Koreas First Textile Exports Advanced into PlasticResin Business Advanced into Artificial Marble BusinessLaunched ECM BusinessStarted Polarizer Business with the Acquisition of Ace-digitech

  • Business Transformation

  • 2. Management Target FY2010

  • *Management Target FY10 Chemicals Accelerate sales of high-end products including PC-related and resins for auto Reinforce capability of global business with expansion of manufacturing bases in overseas

    Electronic Chemical Materials Implement the early penetration into market with development of the new semicon. processing materials Strengthen intensively film business through early ramp-up of new production for polarizer and development of high-end films for semi & display

    Fashion Enhance distribution competitiveness for mens wear by diversifying retail channel. Early stabilization of new brands Develop new growth driver including outdoor 5,0004,261 Chemicals ECM FashionCAPEX231125 Textiles sales excluded[ Won in billions ]

    Sales

    Business Tasks

    Chart1

    200001700012500

    182721209411416

    2,000

    1,827

    1,700

    1,209

    1,250

    1,142

    Sheet1

    FY 10(E)$20,000$17,000$12,500

    FY 09$18,272$12,094$11,416

    .

  • 3. Earnings Release 1Q10

  • 1,1401,164924*Business Results 1Q10[ Won in billions ][ Won in billions ] Exports Domestic

    Sales

    Profitability

    4Q 09QoQ1Q 10YoY1Q 09O P61 28%78 70%46R P41 95%80 196%27N P39 69%66 247%19

  • 1,164*Quarterly Business Results Sales O P1,1401,1101,08792446 (4.9%)81 (7.4%)77 (6.9%)61 (5.3%)78 (6.7%)[ Won in billions ]

    Chart1

    9238

    10866

    11112

    11395

    11642

    Sheet1

    1Q092Q093Q094Q091Q10

    $9,238$10,866$11,112$11,395$11,642

    .

  • *Financial Status[ % ][ Won in billions ] Total Liabilities / Equity Total Borrowings / Total Assets Shareholder Equity Ratio Net Debt to Equity251614715861596362422022

    Financial Position

    Financial Ratios

    1Q 104Q 09ChangeAssets3,2793,119160 Quick73065872 Inventories52448836 Investments86481252 PP&E9939885 Intangible6061-1 Other non-current108112-4Liabilities1,2391,14990 Current 752607145 Non-Current487542-55Shareholders Equity2,0401,97070

    Total Borrowings475494-19Net Borrowings44041030

    4Q 084Q 091Q 10

  • *Chemicals Strong pricing trend maintained both in the raw materials and products.

    Substantial revenue increase was fueled by the incremental demand growth in high-end products amid the favorable environment of IT industry. The margin improvement was rather small due to the sharp increase in input costs despite the rise in ASP. Steady near-term demand outlook on the back of solid IT market condition.

    [ Won in billions ]468519368

    Business Results

    Business Review & Outlook

    ($/bbl,ton)1Q104Q091Q09Crude Oil787644S M1,2771,097741A N2,1511,616887B D1,8541,443513 ABS(Spot)1,8221,4751,108

    Chart1

    4Q 0946834Q 09

    1Q 1051921Q 10

    1Q 0936771Q 09

    ABS/PS

    EP

    Sheet1

    ABS/PSEP

    4Q 09$4,683

    1Q 10$5,192

    1Q 09$3,677

    .

  • *E C M[ Won in billions ] Polarizer Display Semi Others

    311321271 Sales increase and margin improvement followed by demand recovery in semiconductor and LCDs.

    Despite the volume increase, polarizer sales slightly decreased YoY due to KRW appreciation * 1Q09 : KRW 1,409/$ 1Q 10: KRW 1,145/$

    New semi-materials are expected to be widely adopted by captive users on the back of the acceleration in their process migration and upturn in semiconductor industry.

    Focus to stabilize the 3rd production line for polarizer and commercialize TV application

    Business Results

    Business Review & Outlook

    Chart1

    135106628

    149111611Q 10

    15970375

    Sheet1

    4Q 09$135$106628

    1Q 10$149$11161

    1Q 09$159$70375

    .

  • *343311270Fashion[ Won in billions ] Casual Men Women etc. Others

    Overall, sales increased and margin improved, thanks to the consumer sentiment recovery.

    Casual - Revenue grew by 13% YoY mainly with strong sales growth of Bean Pole

    Mens wear - Revenue increased by 9% backed by demand pick-up Womens line - Growth in KUHO , theory & LEBEIGE and development of new brands contributed to continuing sales growth. (+66% YoY) S/S collection roll-out will make positive contribution to the overall profitability in 2Q10.

    `

    Business Results

    Business Review & Outlook

    Chart1

    1381294927

    1441045112

    130943115

    Casual

    Men

    Women

    Sheet1

    CasualMenWomen

    4Q 09$138$1294927

    1Q 10$144$1045112

    1Q 09$130$943115

    .

  • 1.7*Non op side[ Won in billions ][ Won in billions ] Net Interest ExpensesOthers2542187.177.580.14.1Net Equity Method GainsDividend Income

    Analysis

    Net Equity Method Gains

    4Q 09QoQ1Q 10YoY1Q 09Ace Digitech2.02.7-0.7+0.2-0.9Samsung Petro-chem7.3 0.96.4+ 5.50.9Others-2.4 7.4-9.8 6.3-3.5Total6.9-11.0-4.1 0.6-3.5

    O P R P

    Chart1

    11341

    1

    Sheet1

    1 2 3

    111,3412.42

    22.54.42

    33.51.83

    44.52.85

    .

    Chart1

    11341

    1

    Sheet1

    1 2 3

    111,3412.42

    22.54.42

    33.51.83

    44.52.85

    .

  • 4. Appendix

  • *Quarterly Business Results - Appendix

    (Won in billions)08.1Q08.2Q08.3Q08.4Q09.1Q09.2Q09.3Q09.4Q10.1QSales8299801,0388819241,0871,1101,1401,164Chemicals396466553358368473518468519E C M156229220211271306321311321Fashion260256241291270281247343311Others172924211526.241814OP566868494681776178Chemicals202326242345391623E C M152928231624302530Fashion21131431011102125Others-3--1-3--2-2-1.0Non-op Profit303061979720293246Non-op Expenses34377312411648715244Net Interest Expenses67911119887RP526156222753354180NP464844201947233966

    **