Kumho Petrochemical : 2023 2Q Earnings Release

Aug 4, 2023

2Q 2023 Earnings Release

The business result for the 2nd quarter of 2023 is currently under the audit process, however this is

presented purely for the purposes of investors' convenience.

Hence, please be advised that some of the contents may be altered in the course of audit.

Forecasts and projections contained in this material are based on current business environments and management strategies, so these may differ from the actual result upon changes and unaccounted variables.

1. 2Q 2023 Business Results
2. Divisional Results
3. Appendix

2Q 2023 Business Results

Income Statements

(Unit: KRW bn)

Classification	23.2Q	23.1Q	QoQ	22.2Q	YoY
Sales	1,578.1	1,721.3	-8.3%	2,243.9	-29.7%
Operating Profit	107.9	130.2	-17.1%	353.9	-69.5%
(6.8%)	(7.6%)	(15.8%)
EBITDA	166.8	188.8	-11.7%	411.2	-59.4%
(10.6%)	(11.0%)	(18.3%)
Pre-tax Income	140.5	168.5	-16.6%	387.4	-63.7%
(8.9%)	(9.8%)	(17.3%)
Net Income	117.3	132.6	-11.5%	286.9	-59.1%
(7.4%)	(7.7%)	(12.8%)
Equity Income	23.9	22.0	8.6%	21.0	13.8%

* Net Income is based on Controlling interests.

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2Q 2023 Business Results

Balance Sheet

(Unit: KRW bn)

Classification	23.2Q	22	Change
(End)
Asset	7,658.2	7,719.2	-0.8%
(Cash and	(426.3)	(5,673)	(-24.9%)
equivalents)
Liabilities	1,983.5	2,065.8	-4.0%
(Debt)	(733.2)	(728.8)	(0.6%)
Shareholder's	5,674.7	5,653.4	0.4%
Equity
Liabilities/	35.0%	36.5%	-1.6%p
Equity (%)

Financial Ratios

Classification	23.2Q	22	Change
(End)
Debt/Equity	12.9%	12.9%	0.0%p
Net Debt	5.4%	2.9%	2.6%p
/Equity
Interest	14.4	39.3	-24.9
Coverage
Ratio (x)
ROE	8.8%	19.1%	-10.3%p
ROA	6.5%	13.0%	-6.5%p

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