Samsung C&T 1Q2012 Earnings Release
Transcript of Samsung C&T 1Q2012 Earnings Release
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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
2012.1 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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3
5,943.5
406.5
481.7
+1,247.4 (26.6%) +75.2 (18.5%)
4,696.1
1. 2012.1Q _ Earnings Summary
Sales Gross Profit
(bn KRW)
2011.1Q 2012.1Q
139.5130.6
8.9 (6.4%)
174.6166.4
+8.2 (4.9% )
2011.1Q 2012.1Q
2011.1Q 2012.1Q 2011.1Q 2012.1Q
Profit for the PeriodOperating Profit
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2011.1Q 2012.1Q Change (%)
Building 698.7 801.2 102.5 14.7%
Civil 364.7 394.0 29.3 8.0%
4444
1,928.7
Construction Sales
9.2(Target)
2. 2012.1Q _ Construction Sales
(bn KRW)
Building
Plant
Civil
Housing
Plant 205.2 423.8 218.6 106.5%
Housing 231.1 309.7 78.6 34.0%
Total 1,499.7 1,928.7 429.0 28.6%
Domestic 1,175.0 1,331.6 156.6 13.3
Overseas 324.7 597.1 272.4 83.9
2011.1Q 2012.1Q
28.6%
41.5%
20.4%
22.0%
16.1%
46.6%
24.3%
15.4%
13.7%
1,499.7
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256.2
13.3%12.4%
+69.7 (37.4%) +2.6 (2.4%)
7.3%
5.8%
Construction Gross Profit Construction Operating Profit
(bn KRW)
3. 2012.1Q _ Construction Profit
186.5
2011.1Q 2012.1Q
109.9
112.5
2011.1Q 2012.1Q
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2.3tn
16tn
Building
Singapore DTL-3 PJT(M&E)
Suwon R&D Center
Civil
Qatar Lusail Road
Housing
87.5
388.0
334.5
2.3tn (Achievement Rate 14.4%)
Overseas0.5tn
Overseas
8.6tn
Domestic
New Orders Major New Orders
4. 2012.1Q _ Construction New Orders
(bn KRW)
Orders Backlog2012 Target 2012. 1Q
2012 Target 2012.1Q Ach. Rate
Building 4,800.0 890.9 18.6%
Civil 3,000.0 398.6 13.3%
Plant 5,200.0 85.1 1.6%
Housing 3,000.0 932.6 31.1%
Total 16,000.0 2,307.2 14.4%
Domestic 7,437.5 1,777.3 23.9%
Overseas 8,562.5 529.9 6.2%
End of 2011 2012.1Q Change
Building 5,285.1 5,374.8 1.7%
Civil 4,629.7 4,634.3 0.1%
Plant 8,049.1 7,710.4 4.2%
Housing 13,616.8 14,258.2 4.7%
Total 31,580.7 31,977.7 1.3%
Domestic 21,471.7 21,935.9 2.2%
Overseas 10,109.0 10,041.8 0.7%
Segok Dong 2-3 Apt
Gangnam Jagok Dong Apt
105.6
700.0
Domestic1.8tn
7.4tn
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4,014.8
(bn KRW)
T&I Sales2011.1Q 2012.1Q Change (%)
Industrial
Materials2,659.1 2,995.9 336.8 12.7%
Natural
Resources464.5 902.0 437.5 94.2%
5 3 %
5 3 %5 3 %
5 3 %
4 7 %
4 7 %4 7 %
4 7 %
17.8tn(Target)
Energy
Environment
Natural
Resources
Industrial
Materials
5. 2012.1Q _ T&I Sales
2011.1Q 2012.1Q
25.6%
83.2%
14.5%
2.3%
74.6%
22.5%
2.9%
3,196.4Energy &Environment 72.8 116.9 44.1
60.6%
Total 3,196.4 4,014.8 818.4 25.6%
HQ 1,489.9 1,635.1 145.2 9.7%
Overseas 1,706.5 2,379.7 673.2 39.4%
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5.6%
6.9%
+5.5 (2.5%) +5.6 (9.9%)
1.8% 1.5%
(bn KRW)
6. 2011_T&I Profit
T&I Gross Profit T&I Operating Profit
225.5220.0
2011.1Q 2012.1Q
56.5
2011.1Q 2012.1Q
62.1
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26.8 (47.9%)
29.28.6
5.7 (12.5%)
4,994.9
Total
4,230.7
Total
56.0
Samsung Electronics
Other AffiliatesSamsung General Chemicals
Samsung Petrochemicals
Others
Equity Method Profit Dividend Profit Total/Net Debt
(bn KRW)
7. Others
2011.1Q 2012.1Q 2011.1Q 2012.1Q End of 2011 2012.1Q
29.223.0
24.4
27.4
4.3
15.6
3,790.1
Net
3,228.5
Net
6.1
29.9
9.9
39.8
29.9
45.5
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2012. 1Q 2011. 1Q
Total Const. T&I Total Const. T&I
Sales 5,943.5 1,928.7 4,014.8 4,696.1 1,499.7 3,196.4
Gross Profit 481.7 256.2 225.5 406.5 186.5 220.0
SG&A 388.0 174.5 213.5 288.5 123.3 165.2
Other Profit 80.9 30.8 50.1 48.4 46.7 1.7
Operating
Profit174.6 112.5 62.1 166.4 109.9 56.5
2011
Total Const. T&I
21,545.6 7,313.8 14,231.8
1,702.3 904.2 798.1
1,351.6 637.1 714.5
246.2 131.3 114.9
596.9 398.4 198.5
8. Consolidated Statements of Income (Summary)10
(bn KRW)
income tax179.7 198.3
Profit for the
Period130.6 139.5
2012. 1Q 2011. 1Q
Total Const. T&I Total Const. T&I
GP Margin 8.1% 13.3% 5.6% 8.7% 12.4% 6.9%
OP Margin 2.9% 5.8% 1.5% 3.5% 7.3% 1.8%
SG&A(%) 6.5% 9.0% 5.3% 6.1% 8.2% 5.2%
Profit before
income tax (%)3.0% 4.2%
Profit for the
Period (%)2.2% 3.0%
610.0
409.1
2011
Total Const. T&I
7.9% 12.4% 5.6%
2.8% 5.4% 1.4%
6.3% 8.7% 5.0%
2.8%
1.9%
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End of 2011
(A)
End of 2010
(B)
Change
(A-B)
Total Assets 23,794.9 20,922.0 2,872.9
Current assets 9,343.3 8,146.3 1,197.0
Non-current assets 14,451.6 12,775.7 1,675.9
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9. Consolidated Statements of Financial Position (Summary)
(bn KRW)
o a a es , . , . , .
Current liabilities 8,290.9 7,447.8 843.1
Non-current liabilities 4,981.4 3,989.1 992.3
Total Equity 10,522.6 9,485.1 1,037.5
Equity attributable to owners
of the parent10,420.0 9,385.0 1,035.0
Non-controlling interests 102.6 100.1 2.5
Debt-Equity Ratio (%) 126% 121% 5%p
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Ownership Ratio (%)Shares
(Thousand)Price per share
End of 2012. 1QPurchase Price
Book valueEnd of 2012.1Q
Listed
Samsung Electronics 4.06% 5,976 1,275,000 395.1 7,619.9
Cheil Worldwide 12.64% 14,539 18,100 20.6 263.2
Samsung Techwin 4.28% 2,273 68,000 28.3 154.6
Samsung Fine Chemicals 5.59% 1,442 54,500 34.0 78.6
Samsung Card 2.39% 2,942 39,450 104.0 116.1
(bn KRW)
10. Investment Assets (Affiliates)12
Samsung Securities 0.26% 202 56,800 4.5 11.5
Non-
Listed
Samsung General Chemicals 38.68% 18,954 n/a 116.6 458.7
Samsung Petrochemical 27.27% 1,082 n/a 37.2 130.7
Samsung Everland 1.48% 37 n/a 3.4 67.4
*Samsung Biologics 10.44% 774 n/a 38.1 38.1
Samsung Data Systems 18.29% 13,216 n/a 180.4 817.8
Total 962.2 9,786.4
* Samsung Biologics: Purchase price expected to increase to 61.2bn KRW by August 2013, due to the decision to participate in capital increase
of Samsung Biologics
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Thank youThis material is prepared by Samsung C&T Corporation for its shareholders and candidate investors as Information
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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