DL : 2023 1Q Data Sheet

Contents

Contents
1. Company Outlook	ㆍOwnership ㆍBusiness Outlook
2. Income Statement(Consol.)	ㆍDL Holdings Consolidated P&L
3. Income Statement(Separate)	ㆍDL Holdings Separate P&L
4. Business Plan	ㆍAnnual Target Achievement Rate
5. Sales	ㆍQuarterly / Annual (Consolidated) ㆍQuarterly / Annual (Separate)
6. Operating Profit	ㆍQuarterly / Annual (Consolidated) ㆍQuarterly / Annual (Separate)
7. Equity Method Investment	ㆍQuarterly / Annual
8. Financial Status	ㆍQuarterly Cash&cash equivalent, Borrowings, Debt-Equity Ratio
9. (Chemical) Capacity	ㆍChemical (Capacity)

Disclaimer

Disclaimer

This presentation represents consolidated earnings results in accordance with K-IFRS. Please be advised that this document is provided solely for the purpose of investor convenience. It was prepared before the completion of the external auditor's review, and therefore is subject to change during this process. These uncertainties may cause our official results to be significantly different from the results recorded and implied in this presentation. Please be informed that DL Holdings' 2020 financial numbers and statements are rewritten through separating E&C Unit's results from Daelim Industrial's 2020 results on Spin-off basis and not reviewed by independent public accountants.

1. Company Outlook

Company Outlook
Company	Ownership	Structure	Division	Business
DL Holdings	-	-	1. Brand	DL Brand Royalty
2. Office Lease	D-tower (Gwanghwamun)
DL Chemical	88.9%	Subsidiary	1. Polyethylene (PE)	Blow/Pipe/Film/Yarn raw material, 71KT
2. Polybutene (PB)	Lubricants Additives, 200 KT
3. EPO	Lubricants Additives, 50 KT
Kraton	100% consolidated by DL Chemical	Subsidiary	1. SBC	High-performance Elastomer (USBC, HSBC)
2. TOFA, TOR, Terpene	Bio-Chemical
Cariflex	100% consolidated by DL Chemical	Subsidiary	1. Isoprene Rubber	Raw Material for IR Latex
2. IR Latex	Raw Material for Surgical Glove
DL FnC	100% consolidated by DL Chemical	Subsidiary	1. BOPP Film	Food Packaging / Tape / Deco-Sheet, 32 KT
2. EVA Film	EVA Coating Film, 7 KT
DL Energy	70%	Subsidiary	Combined Cycle Power Plant	Develop, invest and operate power projects
Renewable Power	12 plants in 7 countries such as Korea, USA, Chille, Pakistan, etc
GLAD	100%	Subsidiary	1. Hotel	2 Hotels in Seoul, 1 Hotel in Jeju island
2. Golf Club	Jeju Ora CC
DL Motors	100%	Subsidiary	1. Car Parts	Ladder frame, Oil fan, Valve body, Transmission case, etc.
2. EV Battery Parts	Endplate, etc.
YNCC	50%	Equity Method	1. Ethylene	Raw material for PE/EG/PVC, 2,285 KT
2. Propylene	Raw material for PP/PO, 1,280 KT
3. Mixed C4	Raw material for BD/Raffinate-1, 740 KT
4. Butadiene	Raw material for BR/SBR/NBR, 370 KT
5. SM	Raw material for PS/ABS/EPS, 350 KT
6. BTX	Raw material for SM/Paint/Solvent, 880 KT
PMC	50%	Equity Method	1. Polypropylene (PP)	Raw material for vehicle/appliance/hygiene/packaging, 730 KT
Ulsan PP 400 KT (50.1% ownership)
DL E&C	23%	Equity Method	1. Housing
2. Civil
3. Plant

2. IS (Consol.)

Income Statement (Consolidated)
1Q23	2022Y	2021Y	2020Y	2019Y
(Unit : KRW)
Sales	1,287,368,068,133	5,170,810,757,434	2,385,420,753,496	1,566,148,811,684	1,660,433,291,503
COGS	1,013,435,796,809	4,168,452,845,252	1,935,220,023,569	1,251,799,225,891	1,400,618,363,390
Gross Profit	273,932,271,324	1,002,357,912,182	450,200,729,927	314,349,585,793	259,814,928,113
SG&A	204,902,639,147	721,644,427,072	228,307,332,245	195,299,820,114	123,829,140,896
Operating Profit	69,029,632,177	280,713,485,110	221,893,397,682	119,049,765,679	135,985,787,217
Other Income	30,980,315,934	261,704,997,152	414,158,821,431	67,288,668,896	31,417,850,980
Other Expenses	24,825,147,369	157,802,068,486	28,549,089,718	177,155,622,704	50,121,670,576
Financial Income	24,191,513,893	69,725,835,556	20,936,420,773	28,780,523,389	21,337,263,251
Financial Expenses	114,114,724,742	296,776,480,577	75,645,613,373	78,038,068,026	59,952,904,072
Equity Method Investment	-8,887,557,197	-47,537,951,523	315,147,891,515	84,487,200,134	190,637,657,491
Net Income Before Tax	-23,625,967,304	110,027,817,232	867,941,828,310	0	44,412,467,368	269,303,984,291
Corporate Tax	14,098,183	21,355,340,078	106,165,152,122	23,363,158,967	28,654,789,099
Net Income from continuing operations	-23,640,065,487	88,672,477,154	761,776,676,188	21,049,308,401	240,649,195,192
Net income from discontinued operations	113,261,652,656	551,607,854,557	469,658,466,581
Net Income	-23,640,065,487	88,672,477,154	875,038,328,844	572,657,162,958	710,307,661,773

3. IS (Separate)

Income Statement (Separate)
1Q23	2022Y	2021Y	2020Y	2019Y
(Unit : KRW)
Sales	80,543,196,891	223,739,891,845	46,197,655,946	859,871,345,880	1,134,484,300,421
COGS	642,277,801	11,811,804,531	40,696,204,114	732,828,301,256	990,329,485,431
Gross Profit	79,900,919,090	211,928,087,314	5,501,451,832	127,043,044,624	144,154,814,990
SG&A	3,155,848,382	16,049,721,079	19,843,647,567	76,779,411,875	79,072,864,592
Operating Profit	76,745,070,708	195,878,366,235	-14,342,195,735	50,263,632,749	65,081,950,398
Other Income	508,280,051	26,019,716,062	28,681,167,823	227,942,979,993	112,026,551,784
Other Expenses	107,080,597	43,331,234,605	43,947,531,613	204,109,451,370	44,588,435,624
Financial Income	1,873,979,783	4,219,991,053	4,252,976,123	23,303,887,904	18,138,826,358
Financial Expenses	4,083,258,775	15,279,848,227	16,509,843,862	25,197,322,113	25,002,466,757
Net Income Before Tax	74,936,991,170	167,506,990,518	-41,865,427,264	72,203,727,163	125,656,426,159
Corporate Tax	2,048,906,875	20,877,366,669	-7,504,622,983	60,636,376,985	24,995,379,564
Net Income from continuing operations	72,888,084,295	146,629,623,849	-34,360,804,281	11,567,350,178	100,661,046,595
Net income from discontinued operations	454,404,036,281	489,428,370,261	296,217,670,668
Net Income	72,888,084,295	146,629,623,849	420,043,232,000	500,995,720,439	396,878,717,263

4. Business Plan

Business Plan
(Unit : KRW Bn)
2023Y
Plan	Results(1Q)	%
DL Holdings (Consol.)	Sales	6,400	1,287	20%
Operating Profit	420	69	16%
DL Holdings (Separate)	Sales	100	81	81%
Operating Profit	-	77	-
DL Chemical (Separate)	Sales	1,950	424	22%
Operating Profit	-	16	-
Kraton	Sales	3,360	663	20%
Operating Profit	-	9	-
Cariflex	Sales	340	57	17%
Operating Profit	-	11	-
DL FnC	Sales	110	21	19%
Operating Profit	-	1	-
DL Energy	Sales	100	44	44%
Operating Profit	-	38	-
GLAD	Sales	100	21	21%
Operating Profit	-	4	-
DL Motors	Sales	340	86	25%
Operating Profit	-	-0	-
DL E&C	Sales	8,200	1,850	23%
Operating Profit	-	90	-

5. Sales

Sales
(Unit : KRW Bn)
2016Y	2017Y	2018Y	2019Y	2020Y	2021Y	2022Y	2023Y
1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total
DL Holdings (Separate)	49	43	44	70	206	84	107	101	169	462	1,567	460	57	153	2,237	805	805
DL Chemical (Separate)	2,734	2,794	2,721	2,495	10,744	3,041	2,867	2,902	2,810	11,620	2,975	3,144	3,211	2,703	12,033	2,815	2,892	2,862	2,582	11,151	2,526	1,756	2,020	2,091	8,393	2,832	3,639	3,919	4,300	14,690	4,794	4,860	4,544	4,105	18,303	4,242	4,242
Kraton	1,740	7,398	7,422	7,219	23,779	6,629	6,629
Cariflex	75	687	622	604	1,988	501	654	676	778	2,609	680	775	774	795	3,024	567	567
DL FnC	0	196	195	200	591	220	231	223	260	934	271	268	235	218	992	213	213
DL Energy	87	-61	-42	78	62	204	12	112	17	345	178	169	176	338	861	350	137	441	96	1,024	342	137	248	411	1,138	321	156	393	158	1,028	381	181	524	-11	1,075	443	443
GLAD	166	224	209	243	842	190	238	230	249	907	184	246	237	264	931	210	269	247	275	1,001	145	134	166	163	608	118	167	173	221	679	165	221	271	271	928	212	212
DL Motors	1,005	1,024	886	926	3,841	927	908	865	767	3,467	664	732	720	819	2,935	733	795	702	743	2,973	633	484	598	717	2,432	721	827	693	858	3,099	799	871	852	931	3,453	856	856
YNCC	9,353	10,959	11,244	12,184	43,740	15,016	12,973	12,241	13,929	54,159	13,432	15,079	16,008	14,025	58,544	12,630	11,359	13,276	12,799	50,064	12,360	8,421	9,914	8,750	39,445	12,764	16,677	17,011	18,268	64,720	16,619	21,070	17,406	13,474	68,569	15,119	15,119
PMC	1,925	2,044	2,019	2,179	8,167	2,251	2,185	2,212	2,348	8,996	2,292	2,335	2,394	2,340	9,361	2,337	2,414	2,392	2,340	9,483	2,297	2,316	2,228	2,126	8,967	2,408	2,676	2,666	2,807	10,557	2,759	2,735	2,267	2,204	9,965	2,168	2,168
DL E&C	0	0	0	0	0	16,996	19,223	18,068	22,000	76,287	15,147	18,770	18,489	22,562	74,968	18,501	18,501
10
Sales
(Unit : KRW Bn)
2016Y	2017Y	2018Y	2019Y	2020Y	2021Y	2022Y	2023Y
1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total
DL Holdings (Separate)	5	4	4	7	21	8	11	10	17	46	157	46	6	15	224	81	0	0	0	81
DL Chemical (Separate)	273	279	272	250	1,074	304	287	290	281	1,162	298	314	321	270	1,203	282	289	286	258	1,115	253	176	202	209	839	283	364	392	430	1,469	479	486	454	411	1,830	424	0	0	0	424
Kraton	174	740	742	722	2,378	663	0	0	0	663
Cariflex	8	69	62	60	199	50	65	68	78	261	68	78	77	80	302	57	0	0	0	57
DL FnC	0	20	20	20	59	22	23	22	26	93	27	27	24	22	99	21	0	0	0	21
DL Energy	9	-6	-4	8	6	20	1	11	2	35	18	17	18	34	86	35	14	44	10	102	34	14	25	41	114	32	16	39	16	103	38	18	52	-1	108	44	0	0	0	44
GLAD	17	22	21	24	84	19	24	23	25	91	18	25	24	26	93	21	27	25	28	100	15	13	17	16	61	12	17	17	22	68	17	22	27	27	93	21	0	0	0	21
DL Motors	101	102	89	93	384	93	91	87	77	347	66	73	72	82	294	73	80	70	74	297	63	48	60	72	243	72	83	69	86	310	80	87	85	93	345	86	0	0	0	86
YNCC	935	1,096	1,124	1,218	4,374	1,502	1,297	1,224	1,393	5,416	1,343	1,508	1,601	1,403	5,854	1,263	1,136	1,328	1,280	5,006	1,236	842	991	875	3,945	1,276	1,668	1,701	1,827	6,472	1,662	2,107	1,741	1,347	6,857	1,512	0	0	0	1,512
PMC	193	204	202	218	817	225	219	221	235	900	229	234	239	234	936	234	241	239	234	948	230	232	223	213	897	241	268	267	281	1,056	276	274	227	220	997	217	0	0	0	217
DL E&C	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,700	1,922	1,807	2,200	7,629	1,515	1,877	1,849	2,256	7,497	1,850	0	0	0	1,850

6. Operating Profit

Operating Profit
(Unit : KRW Bn)
2016Y	2017Y	2018Y	2019Y	2020Y	2021Y	2022Y	2023Y
1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total
DL Holdings (Separate)	-28	-31	0	-44	-103	-59	-33	-25	-25	-142	1,469	400	2	88	1,959	767	767
DL Chemical (Separate)	546	573	515	287	1,921	403	382	384	193	1,362	232	332	327	68	959	214	190	225	120	749	52	184	212	151	599	203	333	259	224	1,019	20	386	243	424	1,073	161	161
Kraton	-61	28	742	-203	506	90	90
Cariflex	3	117	100	113	333	42	116	156	176	490	112	153	173	173	611	112	112
DL FnC	0	9	10	10	29	10	24	27	6	67	21	25	20	6	72	8	8
DL Energy	70	-108	-43	45	-36	178	-30	64	-56	156	127	83	67	173	450	226	-85	335	-53	423	153	-50	171	131	405	190	-8	215	17	414	231	-6	378	-98	505	381	381
GLAD	12	36	28	43	119	4	19	31	33	87	-12	16	19	35	58	-9	23	32	41	87	-28	-31	23	16	-20	-4	11	22	53	81	23	38	91	24	176	41	41
DL Motors	45	59	44	-28	120	14	-8	-4	3	5	6	26	5	15	52	12	40	4	32	88	-4	-16	-65	-210	-295	-59	11	3	2	-43	1	5	5	11	22	-3	-3
YNCC	650	2,003	1,776	2,130	6,559	3,682	1,952	2,302	2,187	10,123	1,771	2,328	1,972	256	6,327	1,636	488	1,452	928	4,504	-1,158	1,485	1,558	1,125	3,010	1,880	2,005	613	-564	3,934	-623	-339	-1,663	-1,243	-3,867	-458	-458
PMC	426	470	381	338	1,615	284	286	297	289	1,156	223	201	210	123	757	218	334	217	105	874	213	510	324	211	1,258	275	274	141	183	873	133	101	14	61	309	64	64
DL E&C	0	0	0	0	0	1,998	2,290	2,589	2,690	9,567	1,257	1,347	1,163	1,196	4,963	902	902
10
Operating Profit
(Unit : KRW Bn)
2016Y	2017Y	2018Y	2019Y	2020Y	2021Y	2022Y	2023Y
1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total
DL Holdings (Separate)	-3	-3	0	-4	-10	-6	-3	-3	-3	-14	147	40	0	9	196	77	0	0	0	77
DL Chemical (Separate)	55	57	52	29	192	40	38	38	19	136	23	33	33	7	96	21	19	23	12	75	5	18	21	15	60	20	33	26	22	102	2	39	24	42	107	16	0	0	0	16
Kraton	-6	3	74	-20	51	9	0	0	0	9
Cariflex	0	12	10	11	33	4	12	16	18	49	11	15	17	17	61	11	0	0	0	11
DL FnC	0	1	1	1	3	1	2	3	1	7	2	3	2	1	7	1	0	0	0	1
DL Energy	7	-11	-4	5	-4	18	-3	6	-6	16	13	8	7	17	45	23	-9	34	-5	42	15	-5	17	13	40	19	-1	22	2	41	23	-1	38	-10	51	38	0	0	0	38
GLAD	1	4	3	4	12	0	2	3	3	9	-1	2	2	4	6	-1	2	3	4	9	-3	-3	2	2	-2	-0	1	2	5	8	2	4	9	2	18	4	0	0	0	4
DL Motors	5	6	4	-3	12	1	-1	-0	0	1	1	3	1	2	5	1	4	0	3	9	-0	-2	-7	-21	-30	-6	1	0	0	-4	0	1	1	1	2	-0	0	0	0	-0
YNCC	65	200	178	213	656	368	195	230	219	1,012	177	233	197	26	633	164	49	145	93	450	-116	149	156	113	301	188	201	61	-56	393	-62	-34	-166	-124	-387	-46	0	0	0	-46
PMC	43	47	38	34	162	28	29	30	29	116	22	20	21	12	76	22	33	22	11	87	21	51	32	21	126	28	27	14	18	87	13	10	1	6	31	6	0	0	0	6
DL E&C	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200	229	259	269	957	126	135	116	120	496	90	0	0	0	90

7.Equity Method Investment

Equity Method Investment
(Unit : KRW Bn)
2016Y	2017Y	2018Y	2019Y	2020Y	2021Y	2022Y	2023Y
1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total	1Q	2Q	3Q	4Q	Total
YNCC	25	74	67	77	242	137	75	89	83	383	69	83	68	11	231	57	22	55	34	167	-39	53	59	48	122	88	70	27	-29	157	-19	-19	-63	-51	-152	-27	-27
PMC	17	18	15	14	63	11	11	12	11	45	9	7	8	5	29	8	12	8	4	32	8	19	12	6	44	10	9	2	5	26	3	1	-5	-5	-7	-2	-2
DL E&C	13	27	17	58	12	15	24	-0	51	15	15
Total	41	92	82	90	305	148	85	100	94	428	78	90	76	16	260	65	34	63	38	199	-31	72	71	54	166	98	92	57	-7	240	-4	-3	-45	-57	-108	-13	0	0	0	-13

8. Financial Status

Financial Status
(Unit KRW bn)
2020Y	2021Y	2022Y	2023Y
1Q	2Q	3Q	Year-end	1Q	2Q	3Q	Year-end	1Q	2Q	3Q	Year-end	1Q	2Q	3Q	Year-end
DL Holdings (Consolidated)	Cash & Cash Equivalent	3,010	1,313	1,294	1,683	1,830	875	891	2,559	958	878
Total Assets	13,902	6,629	7,477	7,956	8,323	11,879	12,392	13,109	12,151	12,279
Borrowings	3,170	2,399	2,436	2,872	2,937	5,224	5,264	5,569	5,234	5,550
Net Debt	160	1,086	1,142	1,189	1,107	4,349	4,374	3,009	4,276	4,671
Total Liabilities	6,858	3,270	3,214	3,583	3,793	7,264	7,634	8,068	7,400	7,508
Total Equities	7,044	3,359	4,264	4,373	4,530	4,615	4,758	5,041	4,751	4,771
Debt-Equity Ratio	97%	97%	75%	82%	84%	157%	160%	160%	156%	157%
DL Holdings (Separate)	Cash & Cash Equivalent	628	113	110	103	76	228	187	212	219
Total Assets	3,313	3,693	3,652	3,710	3,764	3,758	3,721	3,649	3,722
Borrowings	494	474	494	495	495	553	523	523	523
Net Debt	-134	361	385	391	419	326	335	311	303
Total Liabilities	827	731	696	721	676	641	605	587	610
Total Equities	2,486	2,962	2,956	2,990	3,088	3,116	3,116	3,062	3,112
Debt-Equity Ratio	33%	25%	24%	24%	22%	21%	19%	19%	20%
DL Chemical (Consolidated)	Cash & Cash Equivalent	1,284	1,448	565	479	488	439	346
Total Assets	3,740	4,024	7,405	7,746	8,381	7,619	7,692
Borrowings	1,154	1,236	3,409	3,583	3,915	3,549	3,841
Net Debt	-130	-211	2,843	3,104	3,426	3,109	3,495
Total Liabilities	1,549	1,759	5,155	5,411	5,875	5,365	5,505
Total Equities	2,191	2,265	2,249	2,334	2,506	2,254	2,187
Debt-Equity Ratio	71%	78%	229%	232%	234%	238%	252%
DL Chemical (Separate)	Cash & Cash Equivalent	391	921	1,192	1,353	375	301	297	220	168
Total Assets	1,925	2,549	2,984	3,253	4,201	4,219	4,209	4,110	4,032
Borrowings	389	479	799	777	1,690	1,845	1,962	1,705	1,724
Net Debt	-3	-442	-393	-576	1,315	1,544	1,665	1,485	1,556
Total Liabilities	721	794	1,104	1,241	2,228	2,250	2,277	2,097	2,098
Total Equities	1,204	1,755	1,880	2,012	1,972	1,969	1,932	2,013	1,934
Debt-Equity Ratio	60%	45%	59%	62%	113%	114%	118%	104%	108%

9. (Chemical) Capacity

(Chemical) Capacity
(Unit : MT)
2015Y	2016Y	2017Y	2018Y	2019Y	2020Y	2021Y	2022Y	1Q23	비고
DL Chemical	PE	460,000	460,000	460,000	460,000	460,000	460,000	710,000	710,000	710,000	250 KT expansion in Jan 2021
PB	165,000	175,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	10 KT expansion in 2016, 25 KT expansion in 2017
EPO	5,000	5,000	5,000	7,000	50 KT new plan start up in Jan 2020
Kraton	USBC	240,000	240,000	Acquisition Completed in Mar 2022
HSBC	90,000	90,000
Pine Refinering	670,000	670,000
DL FNC	BOPP & EVA film	37,600	37,600	37,600	37,600	37,600	37,600	37,600	37,600	37,600
YNCC	Ethylene	1,910,000	1,910,000	1,950,000	1,950,000	1,950,000	1,950,000	2,285,000	2,285,000	2,285,000	335 KT expansion in Jan, 2021
Propylene	1,110,000	1,110,000	1,110,000	1,110,000	1,110,000	1,110,000	1,280,000	1,280,000	1,280,000	140 KT expansion in 2015 (OCU), 117 KT expansion in 2021
Butadiene	240,000	240,000	240,000	240,000	240,000	240,000	370,000	370,000	370,000	130 KT expansion in Jan, 2021
SM	290,000	290,000	290,000	290,000	346,000	346,000	346,000	346,000	346,000	156 KT expansion in 2019
BTX	780,000	780,000	780,000	780,000	780,000	780,000	880,000	880,000	880,000	100 KT expansion in Jan, 2021
PMC	PP	700,000	700,000	700,000	730,000	730,000	730,000	730,000	730,000	730,000	30 KT debotlenecking in 2018
┕ UPP	PP	400,000	400,000	400,000	400 KT new plan start up in May, 2021