Hyosung : 1Q.2021 Hyosung Corporation Earnings Release

1Q 2021 Earnings Release

Hyosung Corporation

http://www.hyosung.com

CONTENTS

1. Profit & Loss

II. Balance Sheet

III. Profit & Loss

IV. Profit & Loss by Company

1. Business Performance by Company
   Appendix

1. Financial Statement by Company
2. Hyosung P/L Analysis: Consolidated vs. Separate
3. Governing Structure

4. Dividend & Price-Dividend Yield

1Q 2021 consolidated earnings and past consolidated earnings presented in this presentation are based on K-IFRS accounting standards. Historical data is provided for comparison purposes.

Information in this presentation has not been audited nor reviewed yet, and thus, is subject to change during the audit or review. Forward looking statements have been made with consideration of current status of the business environment and are also subject to change according to changes in the business environment, as well as the company's strategy.

- 1 -

• Profit & Loss

Income Statement (Consolidated)

	1Q.2020	4Q.2020
	(reviewed/audited)	(reviewed/audited)
Sales Revenue	6,300	8,199
Gross Profit	719	1,576
(Gross Profit Margin)	(11.4%)	(19.2%)
Operating Profit	53	788
(Operating Profit Margin)	(0.8%)	(9.6%)
Interest Expense	81	64
Gain or Loss on Foreign	▲46	▲65
Exchange/Derivatives
Income before Tax	▲68	518
Net Profit	▲29	455
Net Profit	▲93	260
(Controlling Interests)
EBITDA	123	853

(Unit: Hundred Million KRW)

QoQ	YoY
-16.2%	9.0%
5.4%	131.2%
(5.0%p)	(12.8%p)
27.7%	1788.0%
(5.0%p)	(13.8%p)
-14.7%	-31.9%
Turn Black	Turn Black
96.5%	Turn Black
101.3%	Turn Black
175.2%	Turn Black
25.8%	773.1%

- 2 -

Ⅱ. Balance Sheet

Statement of Financial Position (Consolidated)
			(Unit: Hundred Million KRW)
	December 2020		Change
	(reviewed/audited)
Assets	44,297			4.8%
Current Assets	16,268			6.7%
Cash & Cash Equivalents	2,220			-26.4%
Non-Current Assets	28,030			3.7%
Liabilities	19,154			11.9%
Current Liabilities	10,903			19.4%
Non-Current Liabilities	8,251			1.9%
Equity	25,143			-0.5%
Debt	8,403			7.9%
Net Debt	6,183			20.3%
Debt Ratio	(76.2%)			(9.5%p)
			- 3 -

Ⅲ. Profit & Loss

Quarterly P/L Trends (Consolidated)			(Unit: Hundred Million KRW)
			2019
	1Q	2Q		3Q	4Q	Total
Sales Revenue	6,943	8,866	7,399	8,547	31,756
Operating Profit	363	947	215	496	2,021
(OPM)	(5.2%)	(10.7%)	(2.9%)	(5.8%)	(6.4%)
Net Profit	252	859		▲52	442	1,500
(NPM)	(3.6%)	(9.7%)		(▲0.7%)	(5.2%)	(4.7%)
			2020
	1Q	2Q		3Q	4Q	Total
Sales Revenue	6,300	6,132	7,195	8,199	27,826
Operating Profit	53	93	454	788	1,388
(OPM)	(0.8%)	(1.5%)	(6.3%)	(9.6%)	(5.0%)
Net Profit	▲29	368		▲781	455	12
(NPM)	(▲0.5%)	(6.0%)	(▲10.9%)	(5.6%)	(0.04%)

* 3Q20 Earnings exclude Hyosung Capital's before Net Income below	- 4 -
(Net Income includes Hyosung Capital's PDO(Profit from Discontinued Operations)