This material was prepared prior to the final reconciliation of the accounts by the independent auditors in order to inform the
shareholders and the investors of the Company's results for
Q2 FY 2022.
Therefore, the final financial accounts could be changed during the final audit and thus no part of this document should serve as the basis for any foregoing investment. Investors are urged to make investment decisions based on official company documents filed with FSS.
The companies, their respective connected and associated corporations, affiliates and their respective directors, officers, employees and agents accept no liability whatsoever for any direct, indirect consequential loss of profit arising from any use of this document and/or further communication given in relation to this document.
2/13
2Q FY 2022 Performance
(1) Consolidated earnings of GS Holdings and its subsidiaries
Revenue
Operating Profit
Net Profit
(Unit: Wbn)
2Q21
2Q22
YoY
2Q21
2Q22
YoY
2Q21
2Q22
YoY
GS Holdings*
4,440.5
7,262.7
4%
485.5
1,527.8
215%
205.8
936.3
355%
GS Caltex
7,747.4
16,098.8
108%
379.2
2,132.1
462%
223.7
1,435.6
542%
GS Energy**
743.1
2,096.4
182%
347.1
1,361.2
292%
114.2
819.3
617%
GS Retail
2,285.6
2,816.9
23%
42.8
47.4
11%
25.4
45.1
78%
GS EPS
258.1
428.8
66%
12.6
46.6
270%
4.8
33.7
602%
GS E&R
357.3
579.3
62%
37.4
42.8
14%
11.0
11.7
6%
GS Power
126.2
363.9
188%
0.5
72.4
N/A
-3.4
52.3
N/A
GS Global
801.4
1,369.9
71%
11.3
19.9
76%
8.4
19.3
130%
Consolidated
Includes earnings of its subsidiaries (GS Caltex, GS Power etc.)
3/13
2Q FY 2022 Performance
(2) Performance by Subsidiaries - GS Caltex ① Overview
2Q22 revenue increased y-y thanks to crude oil price hike and demand recovery
2Q22 OP increased due to expanded product margin and inventory-related gain in petroleum division, while OP from petrochem division decreased y-y
(Unit: Wbn)
2Q21
1Q22
2Q22
YoY
QoQ
16,098.8
Revenue
7,747.4
11,289.2
16,098.8
108%
43%
OP
379.2
1,081.2
2,132.1
462%
97%
7,747.4
OP Margin
5%
10%
13%
NP
223.7
785.8
1,435.6
542%
83%
2Q21
2Q22
Revenue
2,132.1
379.2
2Q21
2Q22
OP
4/13
2Q FY 2022 Performance
(2) Performance by Subsidiaries - GS Caltex
② by Div.
< Performance Breakdown >
(Unit: Wbn)
2Q21
1Q22
2Q22
YoY
QoQ
Petroleum
Revenue
6,040.3
8,862.8
13,223.2
119%
49%
OP
134.3
1,060.9
2,007.6
1,395%
89%
Petrochem
Revenue
1,301.3
1,971.9
2,317.7
78%
17%
OP
85.6
-50.7
22.0
-74%
-143%
Lube
Revenue
405.8
454.6
557.9
37%
23%
OP
159.2
71.1
102.5
-36%
44%
Total
Revenue
7,747.4
11,289.2
16,098.8
108%
43%
OP
379.2
1,081.2
2,132.1
462%
97%
< Utilization Rate >
Segment
Items
2Q21
1Q22
2Q22
YoY
QoQ
Petroleum
Refining
88%
94%
94%
6%p
0%p
Petrochem
Aromatics(PX)
93%
93%
91%
-2%p
-2%p
PP
99%
102%
100%
1%p
-2%p
Lube
Base Oil
75%
104%
102%
27%p
-2%p
5/13
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GS Holdings Corp. published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 05:53:07 UTC.
GS Holdings Corp is a Korea-based holding company mainly engaged in the petroleum refining. The Company operates its businesses through subsidiaries including GS Caltex Corp, GS Power Co Ltd, GS Retail Co Ltd and GS Global Corp. The Company is mainly engaged in the petroleum refining, power generation, operation of convenience stores, supermarkets and hotels, distribution of steel and metal products as well as others. GS Caltex Corp is engaged in the production and sale of refineries, lubricants and petrochemical products. GS Retail Co Ltd is engaged in the convenience stores, supermarkets, hotels and others. GS Global Corp is engaged in the distribution of steel and metal products as well as others. GS Power Co Ltd is engaged in the power generation and heating business.
GS HOLDINGS CORP. 
