Lg H&h Co., Ltd. · KRX:051900
Lg H&h — Q2 2009 Earnings Presentation
13 slides from Lg H&h's earnings presentation, Jul 22, 2009
Slide 1: LG H&H 2009 2Q Results
LG ᷛ㍚ॲओ 2009โ 2᪂ମ ῢ⓿ 2009โ 7⏒ 22⑺
Slide 2: Contents: 2Q 2009 results
¾ 2009โ 2᪂ମ ᛢ⪚ ᤍ ⋿⋃⑲⑳ (᧶ᶪ ᤍ ⋮ম) ¾ 2᪂ମ ᛢ⪚ ᤍ ⋿⋃⑲⑳ ḯ⒣⪒Ḷ ¾ ᶪ⋃ᧂ 2᪂ମ ⋿⋃⑲⑳৺ ⋿⋃⑲⑳ᙞ ⪒⑲ ¾ ᷛ㍚⎧ㆆ ᶪ⋃ 2009โ 2᪂ମ ῢ⓿ ¾ ㍒⒣ㆆ ᶪ⋃ 2009โ 2᪂ମ ῢ⓿ ¾ ⑊ᗊ ᶪ⋃ 2009โ 2᪂ମ ῢ⓿ ¾ चᧂ ⎒≻⒪ᠲ┚ㅚ ¾ ⋮ম ⎒≻⒪ᠲ┚ㅚ ¾ ମⶾ – ⤦⒃ଆ ㌂㍧ ᧶ ⒎ᗊྒ ⍶ऎᶪ⑶ ॾ⺞ࣾ ⍂ᗊᄖ⚾ ≈ ᶿⷚ⋎Ḛ ⒏ḯᄚ ⒎ᗊ⒃࿆. ሮᑺḚ ⎧ ☏ ⑺ྒ ⍶ऎᶪ⑶ ⩚▃ ॾ⺞৺┓⋎Ḛ ᑺ⛆ ⒆ᾳ࿆.
Slide 3: 2Q 2009 Sales and Operating Profit (Standalone and Consolidated)
2009โ 2᪂ମ ᛢ⪚ ᤍ ⋿⋃⑲⑳ (᧶ᶪ ᤍ ⋮ম) 2᪂ମ ᧶ᶪᛢ⪚ 3,610⊳⏎, ⋿⋃⑲⑳ 425⊳⏎, ମἚ⑲⑳ 401⊳⏎ᕚ │โთମᭂ ᛢ⪚ 11.3%, ⋿⋃⑲⑳ 34.2%, ମἚ⑲⑳ 60.3% ⚛ࣾᄖ⋆ᾳ࿆. ⱒ⭲ⱚᑺ⌾ ㉲⍶ᶪ⋃⑂ リ㉦㉚ ⋮মᛢ⪚ 5,481⊳⏎, ⋿⋃⑲⑳ 587⊳⏎, ମἚ⑲⑳ 375⊳⏎ᕚ │โთମᭂ ࣿࣿ 13.3%, 42.0%, 49.5% ῞⒣㉖⋾ᾳ࿆. 2᪂ମ ῢ⓿ (␂: ⊳⏎, %) 5चโ ᭂ (⋮মῢ⓿) (␂: ⊳⏎) 2008 2009 2᪂ମ ⋿⋃⑲⑳ ੪ ᪂ ⚛ऎ 2᪂ମ
Slide 4: 2Q Sales and Operating Profit Trend
2᪂ମ ᛢ⪚ ᤍ ⋿⋃⑲⑳ ḯ⒣⪒Ḷ │โᭂ ⋿⋃⑲⑳ ԺԸԸԽโ Թ᪂ମ ⑲㏂ ԹՀ᪂ମ ⋮ẋ ḯ⒣㉖ ⒆ᝮԴԨᛢ⪚ ԺԸԸԽโ Ի᪂ମ⑲ᒖ ԹԾ᪂ମ ⋮ẋ ḯ⒣㉖ ⒆ᾳ࿆ԶԨ Ժ᪂ମ ῢ⓿⑂ ⒎Ḷ㒆 ᶲゲ᧲ᝲ ⋿⋃⑲⑳ Լโ│⑶ ԺԸԸԽโ ᭂ Լ ḯ⒣ԴԨᛢ⪚ ԺԶԻ ḯ⒣㉖⋾ᾳ࿆Զ ᪂ମᧂ 1Q 41% 19% 2Q 3Q 4Q 42% ⋿⋃⑲⑳⪒⑲ 31% 679 59% 44% ␂ՂԨ⊳⏎Ա 21% 573 587 35% 556 41% 40% 405 27% 413 33% 386 37% 309 287 59% 284 256 260 205 2
Slide 5: Operating Profit and Margin by Division
ᶪ⋃ᧂ 2᪂ମ ⋿⋃⑲⑳৺ ⋿⋃⑲⑳ᙞ ⪒⑲ ⚾ක 5โं ⋿⋃⑲⑳৺ ⋿⋃⑲⑳ᙞ ㍒⒣ㆆ৺ ᷛ㍚⎧ㆆ, ⑊ᗊ ឦᅎ ⚛ࣾ⪒Ḷᙺ ⑲⊲ࣾ ⒆ᾳ࿆. 2009โ 2᪂ମ ⋿⋃⑲⑳ᙞ ᷛ㍚⎧ㆆ 8.5%, ㍒⒣ㆆ 16.0%, ⑊ᗊ 11.7%ᕚ ឦᇞ ᶪ⋃ࣾ ৺८ 5चโ৺ ᭂῚ ࣾ⒣ ຐ ⋿⋃⑲⑳ᙞ⑂ ḯ㉖⋾ᾳ࿆. ᷛ㍚⎧ㆆ ㍒⒣ㆆ ⑊ᗊ ⋿ (⊳⏎) (⊳⏎) (⊳⏎) ⋃ 160 250 190 ⑲ 130 200 160 ⑳ 100 150 130 70 0 0 05 06 07 08 09 05 06 07 08 09 05 06 07 08 09 ⋿ ⋃ 9%
Slide 6: Household Goods Division Results
ᷛ㍚⎧ㆆ ᶪ⋃ 2009โ 2᪂ମ ῢ⓿ ᷛ㍚⎧ㆆ (␂: ⊳⏎) ⋿⋃⑲⑳ 174 (8.5%) ⏎⒎⒪ ࣾধ ≆┓ ᤍ ᬊᒚᇚ リ⾶ヲᚪ⌢ ओ㍒ ㍚თᕚ ᛢ⪚ │โთମᭂ 4.7% ῞⒣㉚ 2,036⊳⏎⑂ ḯ㉖⋾ᝮ, ⋿⋃⑲⑳ 174⊳⏎ᕚ │โთମᭂ 30.2% ⚛ࣾ㉖⋾ᾳ࿆. ⋿⋃⑲⑳ᙞ ጎ㉚ 1.7%p चḞᄚ 8.5%ᙺ ḯ㉖⋾ᾳ࿆. 134 +30.2% (6.9%) ㅚᬊᒚᇚᇢ⑂ ☏Ὺᕚ ᬊᒚᇚ ⺳㉧⒏⋃⑂ ⛂㊇Ὶⶢ ⒆ᝮ ⑲ᙺ ⺳㉚ ㈂ᚪ⋂ ┚ㆆ੮ ओ㍒⋎ ⚾ẋ⓿ᕚ ᔣ㉖ ⒆ᾳ࿆. ᛢ⪚ ⭚㍖ ᤒሒ⯾⊲ ᬊᒚᇚ⑶ ᭂ⎖ᇚࣾ 9
Slide 7: Cosmetics Division Results
㍒⒣ㆆ ᶪ⋃ 2009โ 2᪂ମ ῢ⓿ ㍒⒣ㆆ (␂: ⊳⏎) ⋿⋃⑲⑳ 251 Prestige ᬊᒚᇚᇢ ḯ⒣৺ Mass ᬊᒚᇚ ㈂ᚪ⋂㍒ᕚ ᛢ⪚ (16.0%) │โთମᭂ 18.6% ῞⒣㉚ 1,575⊳⏎, ⋿⋃⑲⑳ │โთମᭂ 37.2% ⚛ࣾ㉚ 251⊳⑂ ḯ㉖⋾ᾳ࿆. ⋿⋃⑲⑳ᙞ ጎ㉚ 2.2%p चḞᄖ⊲16.0%ᙺ ḯ㉖⋾ᾳ࿆. 183 +37.2% ῞ ᬊᒚᇚ ἦ(SU:M)⑲ ಶ◾㉚ ḯ⒣ ⪒Ḷᙺ ᧲⑲ྒ ঁ৺ თῚ⋎ (13.8%) ⌢㐖⌾ ㏂ ᬊᒚᇚࣾ ᚪི⊺৺ ⊏㉚ ᑺ⑶᧲ओ⑂ ⺳㉲ ຐ ᛢ⪚ ḯ⒣ Ḷᙺ ⑲⊲ࣾ ⒆ᾳ࿆.
Slide 8: Refreshment Division Results
⑊ᗊ ᶪ⋃ 2009โ 2᪂ମ ῢ⓿ ⑊ᗊ (␂: ⊳⏎) ⋿⋃⑲⑳ 195 ⑊ᗊྒ ⊏㉚ ᬊᒚᇚ ㍚თ ᤍ ῞┚ㆆ ⪚Ὶ, coverage ㍓ ᇯ⑂ (11.7%) ⺳㉖⋪ │โთମᭂ ᛢ⪚ 18.3% ῞⒣, ⋿⋃⑲⑳ 68.4% ⚛ࣾ ਂឧ㉞ᛊ㉚ ḯ৺ᙺ ⑲ᗦ⋆ᾳ࿆. ⷂᶮ⑊ᗊྒ 3⏒ ⪚Ὶᄚ ㍖ⶾ ⑲⯢ࣾ 2᪂ମ⋎ᛊ 85⊳ ᛢ⪚⑂ ḯ㉖ᝮ 115 +68.4% ḯ৳⓿ᕚ Ὶ⒣⋎ ⛂⒃㉖⋪ ḯ⒣㉖ ⒆ᝮ, ᶿ⓿ᕚ Ὶ⒣⚾ᔣ⑲ (8.2%) ≻㉚ ᶪ⑲Ὶ⒣⑂ ৳ᒳ㉖⒎ ⪚Ὶ㉚ DK ┚ㆆ ㍓ᶮ⋎ ◺ᔣ㉖ ⒆ᾳ࿆. ⑲ᓪ㉚ ㍚თ ম৺ᕚ ⷂᶮ┚ㆆ
Slide 9: Standalone Financial Statements: Income Statement
चᧂ ⎒≻⒪ᠲ┚ㅚ Ẏ⑳ূᶮḚ – 2᪂ମ Ẏ⑳ূᶮḚ Ե ᶿᤖମ 2009โ 2᪂ମ 2008โ 2᪂ମ 2009โ ᤖମ 2008โ ᤖମ (unit: ⊳⏎, %) (unit: ⊳⏎, %) ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ᛢ⪚≟ 3,610 100.0 3,245 100.0 ᛢ⪚≟ 7,476 100.0 6,755 100.0 ᛢ⪚⏎ࣾ 1,547 42.8 1,456 44.9 ᛢ⪚⏎ࣾ 3,231 43.2 2,976 44.1 ᛢ⪚⨛⑲⑳ 2,064 57.2 1,790 55.1 ᛢ⪚⨛⑲⑳ 4,246 56.8 3,779 55.9 『ᛢ৾ᚪᭂ
Slide 10: Standalone Financial Statements: Balance Sheet
चᧂ ⎒≻⒪ᠲ┚ㅚ ⤦╮ㅚ 2009โ 6⏒ᛎ 2008โ ମᛎ (unit: ⊳⏎, %) ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ⒎ᶮ 10,618 100.0 10,401 100.0 ㌂ଆ ᤍ ㌂ଆḯ⒎ᶮ 97 0.9 231 2.2 ᛢ⪚⥂ઊ 1,634 15.4 1,524 14.7 ⒪⒎ᶮ 1,105 10.4 1,233 11.9 ᭂ␞თ⒎ᶮ 7,488 70.5 7,095 68.2 ⼪⒎⒎ᶮ 4,066 38.3 3,842 36.9 ⥂ 5,230 49.3 5,554 53.4 ᛢ⒃⥂ᠲ 978 9.2 938 9.0 ⤦⒃ଆ 700 6.6 940 9.0 ㎊ᶪ⥂ 1,9
Slide 11: Consolidated Financial Statements: Income Statement
⋮ম ⎒≻⒪ᠲ┚ㅚ Ẏ⑳ূᶮḚ – 2᪂ମ Ẏ⑳ূᶮḚ Ե ᶿᤖମ 2009โ 2᪂ମ 2008โ 2᪂ମ 2009โ ᤖମ 2008โ ᤖମ (unit: ⊳⏎, %) (unit: ⊳⏎, %) ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ᛢ⪚≟ 5,481 100.0 4,837 100.0 ᛢ⪚≟ 10,900 100.0 9,660 100.0 ᛢ⪚⏎ࣾ 2,489 45.4 2,273 47.0 ᛢ⪚⏎ࣾ 4,937 45.3 4,437 45.9 ᛢ⪚⨛⑲⑳ 2,992 54.6 2,564 53.0 ᛢ⪚⨛⑲⑳ 5,962 54.7 5,222 54.1 『ᛢ৾ᚪᭂ
Slide 12: Consolidated Financial Statements: Balance Sheet
⋮ম ⎒≻⒪ᠲ┚ㅚ ⤦╮ㅚ 2009โ 6⏒ᛎ 2008โ ମᛎ (unit: ⊳⏎, %) ଆ≟ ੪ḯᭂ ଆ≟ ੪ḯᭂ ⒎ᶮ 12,566 100.0 12,573 100.0 ㌂ଆ ᤍ ㌂ଆḯ⒎ᶮ 286 2.3 378 3.0 ᛢ⪚⥂ઊ 2,173 17.3 2,022 16.1 ⒪⒎ᶮ 1,538 12.2 1,636 13.0 ᭂ␞თ⒎ᶮ 8,218 65.4 8,098 64.4 ⼪⒎⒎ᶮ 242 1.9 227 1.8 ⥂ 6,797 54.1 7,316 58.2 ᛢ⒃⥂ᠲ 1,233 9.8 1,183 9.4 ⤦⒃ଆ 812 6.5 1,366 10.9 ㎊ᶪ⥂ 1
Slide 13: Appendix: Net Debt
ମⶾ – ⤦⒃ଆ ㌂㍧ ␂ՂԨ⊳⏎Ա 2008โᛎ 2009โ 6⏒ᛎ 2008โᛎ ᭂ LGᷛ㍚ॲओ 2,936 2,697 -239 CCB 319 6 -313 ㉲⍶ᦓ⑶ 107 105 -2 ㉧ূ 3,362 2,809 -553 11/11