Doosan Corporation · KRX:000150
Doosan — Investor Presentation (September 2019)
71 slides from Doosan's investor presentation, September 2019
Slide 1: Doosan Investor Relations 2019
DOOSAN BUILDING YOUR TOMORROW) TODAY Investor Relations 2019
Slide 2: Disclaimer
본 자료는 투자자 여러분의 투자판단을 위한 참고자료로 작성된 것입니다. 일부 내용은 경영환경, 외부정보 및 당사 전략에 근거한 예측 정보를 포함하고 있습니다. 이러한 정보는 이미 알려졌거나 아직 알려지지 않은 위험과 시장상황, 기타 불명확한 사정에 따라 영향을 받으며, 실제 결과와 차이가 있을 수 있습니다. 당사는 이 자료의 내용에 대하여 투자자 여러분에게 어떠한 보증을 제공하거나 책임을 부담하지 않습니다. 또한 당사는 투자자 여러분의 투자가 자신의 독단적이고 독립적인 판단에 의하여 이루어질 것으로 신뢰합니다.
Slide 3: Investor Relations 2019 Doosan Corporation
Investor Relations 2019 DOOSAN CORPORATION Chapter 1. Chapter 2. Chapter 3. By AC Th Jb Jb 2 4 WW 'DOOSAN x= = eal al = ox of on ox on rH iu dn sn gt
Slide 4: Chapter 1.
lf ft ¥ Chapter 1. Apes S2St as 01. PA AALS Hsfo| BS: A OS 02. GAT AAIALE] At Bret : New and Expanded Portfolio 03. FA AAT AAS SS 05. HMA] / MAH Apo] Bett at
Slide 5: Value chain and business overview
Investor Relations 2019 Doosan Corporation 01. EAL AALS HSfo] eS : ees oH AHIAH FIBA SHH Value chain 212 = A = = BUA AVS Abed Bhat DAE AIS Be | | | + AuAHAISE OZ (SBIR BS wee nen a | MRVARRYSLES StH al « HISHALAFSH OHZ = ° | HISHALALS! _, APSISEARSY Ez “ | BENE SOLAN Asie axe se CES cle, tate Value
Slide 6: New and Expanded Portfolio
Doosan Corporation Investor Relations 2019 2. FA! APAAPSY AVA BrSk : New and Expanded Portfolio oo oo a chain 2!2t S$t Scale-up( t ), DMA Aes 21B() ‘M642 12 § 7B Se aH] OLA] | 3S | Hole oh aurey oupay > = Sescc IxHEI ASA eet aug a ; : { ae 28 e707 eet] AnH HHEN2| ES) i +1 VAR tl) wa 7S | ae AE < aR]
Slide 7: Business portfolio comparison
Investor Relations 2019 Doosan Corporation 03. tt AAI AU ae Bet @EFAL LH BG/BUE 2S ARIE 2S BE BD 7a TS Flesh) FAVS OLED Bio a Eee BEtss 56281 k aus ‘o: Soe EER) cezix| PSN) eS) @S=* aexx, sea Ane SOFC Al p iat sat yYevvvy Vv x vev # Arete] oe YOY x vv x x x x x cee m2 vy ov x vyvevovyeyv x x x AZ|¥t
Slide 8: Financial overview
Doosan Corporation Investor Relations 2019 Sal 090 AS Zt tau ° 920 [ l fo} eo} ° lH FA mag rat ara | ° tlael Ta ia am - SRA SALA! AA] StS Sst APS 7|3] 271 M8 - Gla SHA! 71s AIS 7H SlAt Ht XH xt Kt o BAH Het 6.32 0.425 5.625 0.32 _ AIXWAIRE SHAIAIO! lat alas -SFSSi SSER, SES ABA ASI oy O.52ZE | | one
Slide 9: Capacity and growth outlook
Investor Relations 2019 Do .osan Corporation 05. ABA / MAKE Apeo| sta} AIA pt hue aRal en) r= oz om Ata at i Liz|42 |S CEP O14 Sal ABBA AIS At PSVAbS tAQ Byit=5 CFL O14 ay SEubsix|ut Atel Alt AVBIO| Ab aol Az Sow ae AEST wet [204014 HazMat +4 SF] Ul 8GW, + 7GW (SBF 19% YAH BAM HE H7/AASSS [202514 AP
Slide 10: Advanced Material & Energy Logistics Solution Provider
Advanced Material & Energy Logistics Solution Provider ARVOL|A| AH APSA StH Bass! S24 7PVABS ABA AA Ss HS2e 522 Aeu2| Advanced Material & Energy AI] B2t7| SHE MS SEzty| Ate SH Logistics Solution Provider Ard B2t7| SH Machinery GFA Ia Ateix}2F Downstream Ate] SHC BES 2S Sich 2 SAL7| 2 MIS ct2tst OF H
Slide 11: Business trends and growth by segment
Investor Relations 2019 Doosan Corporation GEA AA YO! Ya Bet Advanced Material & Energy} Logistics Solution AAWSE MAt SOF S}OH, Machinery Ar2i2| CrSAl SS, AMA SS AS HS 2 Ss 7s! Bas 2x1 AJo1o1o4 Al Trend Sa MASS 201914 nes ME AM&E EE Machinery t 201914 ons Mm Ls Mm SSaESH + 5G, AKBESYEITIRt, “YES wus
Slide 12: Advanced Material & Energy market trends
Advanced Material & Energy Logistics Solution Provider Machinery Doosan Corporation Advanced Material & Energy 5G, Al, ABBA at, Bets JIA S a AIS 7[sloll SAL hSo 7PVBSS ABM tof Att at 5G(RTA/ SAW ARIAS) ABS} & AIZHAHOI|L-|X\(Clean Energy) SICH ZB 24, Al AA AR/VR, ie 28H St ase a“ Ares HEE] AeA] 4257}
Slide 13: Market position and global share
Advanced Material & Energy Logistics Solution Provider Machinery Doosan Corporation 1) MA/OL|A] AAH ATS SICH B27 | Ss SE AlBfo| HS} al azar Market Position 2! AZPH2F IKARH AI SAIOIAL 9-212 56 AlcH 23 Heol oe CCL A}e} 315151 Global Position PARE / Mt / O|L|%] AXH Sopa cesS -CIQBI DAIS AN AE ZESaloS S
Slide 14: Fuel cell market and position
Advanced Material & Energy Logistics Solution Provider Machinery Doosan Corporation 2) 7FH/ASS ARM AS Bs TAGA| ZEXO! HE Ala 7|s/EB GIS 7 Sut MS AtSst Sell APA SICH ow $49] SABA SEBO CS ARMA ASS olla [+$Aq] BOB] SADIE 018 2022 2040 PAR FABMA — 1.82} 8.1BtCH © 620BtCH fe 1474 3107H —1,2007H Hes ARMA]
Slide 15: Fuel cell types and applications
Logistics Solution Provider § Machinery Doosan Corporation aXe] SOFC 7} Ai Fe ARTA] AS ASD FOR CHASIOH CHS 9] n> at HI ‘Olt | RACH SOFC | 287| Stet ;. ABA 7|s BEZ2/°E Sith AEA] Application St HH SS SAl +2 HSS SOFC 71S 27| MH Cieet Applicationol] 48 7hset AMA] 7|S SS & an PAFC(22tare2) PEMFC SOFC CHP
Slide 16: Advanced Material & Energy sales targets
Logistics Solution Provider Machinery Doosan Corporation Advanced Material & Energy Al] S2!7| SH * Advanced Material i SN 7 J HH — 35/2 201914 nS * Advanced Material 2,100 2 { &Energy j§| 202314 DHS 3,000 7.02% Machinery "19d cc mit OLA] 7HSSHEBS "23 Ae Logistics Solution Provider 16
Slide 17: Logistics Solution Provider market
Advanced Material & Energy Logistics Solution Provider PRWEtiutiay Doosan Corporation Logistics Solution Provider SENSE SEM ANS FSR AGV, ME AIL HSSS, ABA CS Aes Sich Logistics Solution , LSZH] S)2} SVWV(WMS, WES, WCS) 2} Provider ‘2314 APAE5.5A (CAGR 41%) ‘2314 AIS 14128 (CAGR 16%) ‘2314 AlZt 5.125
Slide 18: E-commerce logistics market
Advanced Material & Energy Logistics Solution Provider [MEniuoag Doosan Corporation 1) SrAtss} SSM e-Commerce #2 7|#t BHIEIA Al Su} Buey2a}o! 7424 S7-= Multi-channels} = Stel 7S 22 SEY SS Ss} Ad IA SE ZAIOF S1h/Stlo; Se Ss} A[ARIAiar BEY SF Asst ANB] [Hu + Setol” Saas AB de: 2a Bea 141 48 121 a A 4
Slide 19: Logistics automation solutions
Advanced Material & Energy Logistics Solution Provider PRElsuting Doosan Corporation i) SaxSs oe 7|Ste1St SW 7|SS HEtOe MAI} 7[|SAS S 27} Set StS meres M7 SMe =u BRalsst “AL/SW SASS SW 7|eetet ia site! ae = 7|5 DES} SIAHE 2S AO BE OIA: He] SW 2! Bt] AAVAX|L[OFS! Shed = TIBET bes BE Shh Sale} MEPs AS
Slide 20: Logistics market data
Advanced Material & Energy Le ics Solution Provider 2) #Sze Machinery Doosan Corporation BEAR SS MatSIOH, =5| See AS Aa ot BEH SS BS AI de: 2A 5.1 4.0 . ‘2184 ‘224 ‘234 19 13 0.8 [] 184 1914 ‘2014 Source : M&M Oly] S7h CeeAted DAA S MA SOS Global #22 42Qt to AzHY [R78 SSER AZ] CAGR tec (18~'23) eos
Slide 21: Logistics line-up and market
Advanced Material & Energy Logistics Solution Provider PRElsuting Doosan Corporation 2) #Sze RAVAPSAVASAAA SS SRI Clofet inal Holl BS 7tset Line-up Siri Sol GS BU | os Se (..) mosoe , seszon By C}2fSt Line-up SHH Say Sv: el x ‘ = hea © WHE BES tet IRIS 23L4 41004 Ett ‘a M1509 © FALSE AtSAt =a © Be t
Slide 22: Market growth outlook
Advanced Material & Energy Logistics Solution Provider PRWEtiutiay Doosan Corporation 3) SES Hews! a) EE BS Hoy Sry B! MMA AIS SIH So ABIAVS74a|HIY 7HSBt AWS CH ARS = AA EES ABM Ast SiH Hot [S23 ARM! AG] Reel ela} 0.0 ‘1914 ‘2014 ‘214 ‘2214 ‘2314 “1914 ‘2014 ‘2114 ‘2214 ‘2314 Source : TEAL Group 22
Slide 23: Logistics robot solutions
Advanced Material & Energy Logistics Solution Provider PRElsuting Doosan Corporation 3) SES AEA zl SAlZ ole 7hset 71S PSHE 7|= wHEY2| = cyy| re taha ptt 2I=st ylst Alzt HE] = HISHAIZE HSA 20~30 2AIZE ZIAIZE HSH Al, C}QESt Application 2S 7S Ae! SiS Ste/SM EHUS/S24 USS Sr His Ot SuUEa aa aa BS SALES (
Slide 24: AGV line-up strategy
Advanced Material & Energy Logistics Solution Provider PRElsuting Doosan Corporation 4) MS SHAH AS StH SE Bul AS Azol| HSSlO| AS Line-up SICH B! YAH 74a Stet Sz 474 '4Ql4 214 ZBAzN| MA Mek as eh HE] fe) fe) re) + C}QSSt 215 Line-up Sic Sal ate ST AIPA] AEE SE Se 3 2]S-o| Suez] (e) re) (7) AMC 7 A St
Slide 25: Logistics sales targets
Advanced Material & Energy Logistics Solution Provider [MEniuoag Doosan Corporation Logistics Solution Provider A}2i S2!7| Sat i Logistics Fe/BEstl i i =a 201944 OHS 2S) Solution Provider Bzb| WS SE pz Advanced Material aia & Energy 14, 3.42% - ‘400 1,300 Machinery 3,600 * Logistics 3,700 3,500 2,30
Slide 26: Machinery
Advanced Material & Energy Logistics Solution Provider Doosan Corporation Machinery ba Ges oil7 Downstream Af2 Sci AIS StH SAR cits pt BA 7A ALE BS Petrochemical = After Service Sst ‘al eh) als, =yig © HIBAL VARGI? [7 @ \ HIE ‘
Slide 27: Downstream and after-service expansion
Advanced Material & Energy Logistics Solution Provider Doosan Corporation 1) AKIXEF Downstream A-Q SICH MIZL/BHOHY SIZE AEAOIAd Downstream A}Sd SHLHS SH Total Service Provider= AtZt 00 + MUA SoH SIcHstO4 IZ 2h ae AGRE AivLO® AfeY SICH (4~5%) STEP 1 ARIA ZO] Ballet 7} AISA Aatow Global 2 7424 SICH AI
Slide 28: Machinery line-up expansion
Logistics Solution Provider Advanced Material & Energy Doosan Corporation 2) BES AIS Sch 8! BA7| 9] AE Chz4st ZAV|S Set MBO| M/S SIH, AGPALSE SICH B! BAI | O| MB ch2tske AA Sz WEEE Ss Al M/s Sth, SS gl clare Stel ele /S0/ we AS Sth CAT, Bobcat, John deere & EDA ail “19 ‘2314 OL VCH Line-up Stet AIC}
Slide 29: New business: plasma technology
Advanced Material & Energy Logistics Solution Provider Doosan Corporation 3) OF PEN ead BA 7 [APH ATS OEIXIOWAY WASHES SAI 7A BI ELAS AAS MSH SI AHAPSSHE SIS APO OHEIAI Microwave Plasma #kS7| CO (giAisiEHA) AIG. AA JIAHRH APS SH tet: 2221 oyeI7tA CO, + CH, (HIE!) —» Al ! i ‘2314 4,6004 Et Magnetron
Slide 30: Sales targets by business 2023
Advanced Material & Energy Logistics Solution Provider Doosan Corporation Machinery Af] B2!7| SH weeeeH ° . ES zon t 201914 onze ] t 201914 onze ] | Machinery Sa | Ss SH oad Logistics Solution Provider 24,500 1 _ 1,400 | 1,800 Advanced Material & Energy Bn x fi 16,300 r 202314 one } r 202314 one } J
Slide 31: World Best Innovation Partner
WORLD'BEST INNOVATION PARTNER Slogan Design the future; Spark the growth! Vision Statement B2B 2124 ShEnd' User0jj74] SiAlt] SE Maes yi x|= Aloft D2t7|S0l Chet AA SxS SS Sol AO] LISS Ae Stef. Aspiration 2019t4 OHS Advanced FEBASi Material & 20234 1S 31
Slide 32: Chapter 3.
Chapter 3.
Slide 33: Shareholder returns and dividends
Investor Relations 2019 Doosan Corporation PAL HS BAH AS FAS Value Creator= AfS] 7EX| BESSHOY A O[P!S Os AIRMOH wStS Srysyton FSB USS Plo 184 127 FE] ae 1,300H2| 27 |WHES AAI DPS 2! HHEIACI= 20 EEF: 2% m (eto m= Sze HES oN DPS 1,300 Fue 1,300 Fe) 1,300 Blew 1,300 Ble] ‘08 ‘09 10 11 12 13 14 15 16 47
Slide 34: Design the future, Spark the growth!
Design the future, Spark the growth!
Slide 35: Investor Relations 2019
Investor Relations 2019 Chapter 1. S|A} 27} Chapter 2. -AIBBA 3) Highlights
Slide 36: Chapter 1.
Chapter 1. SIA} ATH 01. Company Overview 02. History 3! #8 SEA 03. X|HHAZZ B! APS|AE SASt
Slide 37: Doosan Solus company overview
Investor Relations 2019 Doosan Solus 01. Company Overview A |X} HEALS Ax|4t [AF BHEA2I SIAt 712 Sit AnH SA PUSRAG) — CHIE OR Aoya = - CHE lzSGirg) Sut aay SoA sae 2019.10.01 oe arsig 201910.19@Am) = | Ret 2,601)” ANHES, LES eizI~ = 6008 Display TWH aletits ° OLED 2! Display AxH BALOIz AS AA Aete112
Slide 38: Doosan Solus growth outlook
Investor Relations 2019 Doosan Solus i=) N = o 3 42 AL nd ‘ol Mlk = [> 2474] S19] RASHES! AMIE SHS SEY Me 7/eOe Mz, ‘2344 HS 1 My Nar Display 21H AE HA |S Stet Bio DA SIZE MH Sa7FlSs S7 el SuE ors CWSTES (Lek) SaGMp cls 23(19.01) Capa, Sth nhs +01 10,000 iA: 2 mi eee +40% ACA AIS 2011 2014 2015 2019
Slide 39: Doosan Solus structure
Doosan Solus Investor Relations 2019 03. X|HHT2Z B! XES|AL S (Se) + AK) + Display, Bio 7HEEC Display, Bio AYAKOIAH oO *AX|Ht —— 100% AX|HY DCE xiKIst Eto} — — (g7t2I) oO st 100% DEL (ai#e5) 100% 100% eSut DE o MBE 7H atrebOH/ALAL (7 }2)) 7H ANAT CFL (S445) 39
Slide 40: Doosan Solus global sites
Investor Relations 2019 Doosan Solus @ BAAS @ Boneie! | Io of aj . (eaves) Sut OP evieraney , a | ft C on) ' VSS | | | & yO O on “fBranch) | i ‘ i \
Slide 41: Chapter 2. Highlights
@ ReeE Chapter 2. EAIS2AC Highlights FAIS#A6) Highlights FAR|Ht / SYt / Display / Bio Ole 2g Ad Portfolio APS LH SHHAO! SIA] PU i2tL ae Meat SABA HIM
Slide 42: Doosan Solus Highlights
Investor Relations 2019 Doosan Solus FANS#A6 Highlights DeHAleEAy TSI 42! Portfolio + M7 at Stoll Chet AREY 2) 15H IH(25) + 5G 7HS}0l] tt} High-end St 1.54} 4424'23) + Mobile/TV OLED 4 SiH OLED AAAH AIS HH I2H'23) + Bio Target AE Hei 27H Needs 37 he 2H BBH'23) + ISA SAS Sais} Mepoe T12HO17i] APASHEL
Slide 43: Battery foil market and capacity
£m i Display Bio Doosan Solus OlaHXISEM TALE ted Portfolio 7a} SHAtol Chet HE AE 2 15H BS HS Global A}Sa} AlZt Het LAT [et AhSsAt SSSoh= HHA, 7 |x} 1084 At bo] HH cH babe mais 106 86 96 (81%) “HS lz 1% 94 (98%) 20 Bawka (19%) BEE 2 (2% 184 ‘254 Source : SNE Research FE LH HHE{2] Ai]28 Capa. EHS]: GW
Slide 44: Delivery competitiveness and customer support
경쟁사 대비 납기 경쟁력 우위 • • 고객 밀착 지원 • • 주요 배터리 고객사와 공급계약 추진 중
Slide 45: Battery foil capacity expansion
EE sy Display Bio Doosan Solus Ch |Z uu AMEt AB HHEJ2| a22HAt == 204] SEF] Ctl Capa. SME ‘254 OS 8,000% Hat TANI Ape! Oe SR scents cle]: of 2 8,000 6,000 4,300 3,000 1,600 0 250 494 ‘2014 ‘21 ‘22K ‘231 ‘2A ‘254 ~ SBRE PA] 7| Stet SIP SA OM OH Stet SE AIS HHEfe| 1ZHAt 2a SER AMAIAO1 Ct7i[t Capacity S
Slide 46: 5G high-end CCL market
ot) EE Display Bio Doosan Solus OjehASt44 DAAt Ate} Portfolio 5G 7HS}0] tke} High-end S4 ute! Data AABeF Met F =1 +2 1.544 B7} ctel: Qlet B Data AS SHGB) 98 a 5G 7HsH01 cat / 33HH Data Bet 33uHS | 27} 3 18I4 234 Source : 5G.CO.UK, Prismark. CCL” 49 Hat High-end $4} 4S aaa CCL 1.5HH S7} Aat CAGR 14 3
Slide 47: Global No.1 in high-end copper foil
et EE isiay Bio Doosen Solus AJZt LY SHAS! OK 604 AHS Sst High-end SY! AZ Global No.1 Ml TIZHAE 5G SHY AAW M/S 194(70%)” * High-end S#t : Low loss, High-Frequency S$ ame Mice HUAWEI High-end Set Aa No.1 NOKIA Z ERICSSON 1959 Circuit Foil Corporation Bordentown Inc. 42\(Al, O|=) GOLA O]At 7HET BI OFA
Slide 48: High-end copper foil sales plan
PARE | ost Display Bio Doosan Solus Cr [Zt LH AAR Agr High-end 37-2! AZ Portfolio Stty#= Sal ‘2344 ofS 2,400H Hat st Atel he Het AMZ! TAS} Met IB High-end (413) out cig]: of 5Get 2! AS Ste - Low loss HAE SY, DATS StS 2,400 5G Ale S 1,600 400 2,260 BEA 2=4t(2um Olsh) oA) FAL 7 |g THES Alt Ace ~ 201 o
Slide 49: OLED materials market
BASt st Display Bio Doosan Solus OeHAISFY TAIAt Ated Portfolio Mobile/TV2| OLED 4S StH=|Ol Axq 2 34H S7t Mobile eh}: oy, OmD e7) 9 FQ ADEE MBA (Arya 521 OLED Display <HE4 Sit zat 1814 34% — '23144 60% 184 ‘2314 TV tol: Herd, OLED 42TV 15 OLED Display 7/& Eto] (het 2 TV AIZSAt (AHS/LG S)2| OLED TV FA
Slide 50: OLED materials IP and references
FAZ|BY i Display Bio Doosan Solus Alar uu =H x0] ° BS] ISI AA SHAIIP 2! Top THEA} Reference 2:9 N OLED Blue 7/544 A2H(aETL) SHA IP ES 1) > Mel ADI} S Blued| MASS 30% SHAT BI SIE THM * Core IP: 1344 128 BH, 164 78 SS AME ADHERE HI-ZALEAL RISE SHH, aETL HEE OPM & SHELLS MSS 191 ° AHI: S6 ~ $10, NoteS
Slide 51: OLED materials sales outlook
FAZ|BY i Display Bio Doosan Solus Eb7 ZF LH At or OLED TV 2! ayo] THA} Ser Sty Say ‘2314 oe 2,500% Mar Display AzH Af} oH Het Ae 71st MEF ea: 9 a OLED TVs} HZ 2a SICH OLES she] HEAKS St) SS MS Ht sit gi Ut zie S8t 2a Sich BOE MiTIANMA (7827 Visionox 700 JIE} ARH HS Set ONS Chest TFE?/ DBRSAIMS 1914
Slide 52: Bio materials market
aH} si Display | Bio Doosan Solus Dlayxlsta At Ard Portfolio HS 7 |b AxHol] CHSt Needs S7}= 2Hy At aki He SS olfet BI S250 CHE Bio Axi Target AIS BS BA] 7/2 Obl Aah ated Hol 7/ot SH (i440) _ 14% Os =a) 2,900 6% lets AJOley 237} SloH| chap ~ ZI FS THAUAI EE SSH) oll a SDPO! PC APE TAIZ Sat Hol Ssh 7
Slide 53: Bio business customers and strategy
AIZE LY SEIHO1 O17] AG 7 |B Bio AxH HAY AIA 71S BS LH SAO] AA Mato fOlS MAMAS AIAHISS 95% * Global Hal AA MleHOlO|= A287 |S wla}opo.e” * SLi Major Salo] 44 Mletoro|S SS AlZAal AMOREPACIFIC @LGWHu2 dee List = & Ale, 2S S CpOrst MA Ae 7|HtO| Bio AAW 71S HS ashe ° BD |B AC SHH ATH oS (dl2}of0 =) ° CtSt
Slide 54: Bio business sales target
Doosan Solus Display | Bio CHSOY ‘2344 1,60094 22t Sh st = Az|4} He Sst ale Eb IZE LH zt ot | ChZts} 2! Value Chain 214k AMZt ISS Het Va hain seta E> Bio AtS] OHS Mt cle} : 21 el e io A Aa Bio AH (1948) SRS olekS UW lSssts sy © ose B7HeM aeleam Beavis els . (letoto =) (Pcs) TWSIA| (PS) SAT | Enteral
Slide 55: Global No.1 Material Solutions Partner
westor Relations 2019 Doosan Solus EASEAG HI GLOBAL.NO.1 MATERIAL SOLUTIONS PARTNER Slogan Aspiration Create the Value, Change the/Future nov Vision Statement (ca) st ny) FASRAE Ola 7/a)e Soh 71S Abeer, fe BIEL Axio} SAI SAS 17H01|7 |e 4914 DHE BES M27/20| SAtSUCh, ‘2314 OS 55
Slide 56: Doosan Fuel Cell Highlights
Investor Relations 2019 DOOSAN —Chavter 2 Sa Highligh FUEL CELL Paci | Power tow a poe
Slide 57: Chapter 1.
Chapter 1. S|At AH 01. Company Overview ie) 02. History 9! HS? S Hell
Slide 58: Doosan Fuel Cell company overview
Investor Relations 2019 Doosan Fuel Cell 01. Company Overview 1) 18th B71 PAA) TAA) 2019.10.01 2019.10.18(2AM}) 4,2204 3128 AS OA] ALS 627 we AeA 7x Sst a7| SAE AMuIA ALS 201471 2HEO| OFAC Att SxVele| MBIA HZ 58
Slide 59: History and growth
Investor Relations 2019 Doosan Fuel Cell 02. AG History 2 aS Fas WS AA CETR| Hof ME 7/YOe [Ot ‘23H OHS 175 Map UTGit HEAAR| Boyd By OWaetEe Ea (zl SICH Aa OBE SFM (OIE CEPR’ OIA) eBMw7zse 100MW EAN AA BA 300MW | Ax Oe =0] cil: el 10,000 2014 2015 2016 2017 2018 2019 2023(F) 1) 1344 UTCHLS| AMA] AP O
Slide 60: Doosan Fuel Cell Highlights
EAHTOIAIe) Highlights SALT CHGS Highlights OHYAON TAI ALS ALE LY Sh O18] te ' AGS} USE PAFC 71Ht 7B SHH ASAE oF oraael IA AS Ha SHo| ANS ASAT] Atel 7/5] Shey Alar AE ASS} Sh] HS BS SSS Set BAY Shes Suze} S42 Application StH PG AS BS Aas I SSS TANT TS OFC Sel Het I AS st PARR RHE) HIS
Slide 61: Doosan Fuel Cell Highlights detail
Investor Relations 2019 Doosan Fuel Cell EABEOMe) Highlights + CHAI AI SI ANoe + ASS} ZIBEl PAFC 7/BS + Alt & 42 Application ttH So Ma Al Bay SU A ASS Sich “SS EL Azteca = RPS Ala 32 BIS WI 40 ofa Sit -LINGSEIIA, ADHE ZA HLS "301A AIAWANEIZI 28% -BS8/4424 A7/e YSst - $A Sa Bo: - SAL} BRS 1 zAT] IS 1
Slide 62: Fuel cell market and RPS policy (1/2)
es ele ASW SHA eae Be 74st Met Sal Doosan Fuel Cell QHEAOI TAIZ ALS BBL (1/2) RPS) O}FH 20] 57/9} BAx|Plol| CHa} AIS CIMOS Az} St Wow Zig} RPS OFHS Bele 7 Hie? © PPsAaly tse als Stel - 7| +0.5%pt~+3.0%pt7 A] SE SIH oles © = ese! cHy] ZY aS We Mal7 12), HS Salas -ER| ka M5 7HS SAG - 28S BSS Mul @ ssy
Slide 63: Fuel cell market outlook (2/2)
SRD Atti Serie! eixi al | eat 7isah set Sal Doosan Fuel Cell QHIMO! TAIZ ALS TBE (2/2) ‘2344 300MW AlZ}0| SHINO = OILAHE|CH, THIS! SPC PIT 22 TAY Al ATIC! ALS ZAHA ELS - BESAL 24] Z1a} SPC PIT Pool BOA Me 7S HS PIT DAY S|: MW Van 27/9188] Sel SPC Bat ~2GW 22) * 300 ~'2314 TER] Sf GW SB. 707H PIT 7Ht
Slide 64: Overseas expansion and value chain
es ele ASW SHA eae Be 74st Met Sal Doosan Fuel Cell ste] FNS ARMA] APA7/s] Sted He ste] +24 Value Chain 350i] (HE BAS AeA] APY |S] Sich Het "2s. Value Chain 5" + BERL AMA nil ge) Alt + KASS, Bz iol FAIEA! 7H + MOWARIGEA) SAKE LED Aly 33 + ISH, HUE, SYS A AA AAR tA Ta AzV/es + lo} xHAMOW|x| Arts O}St
Slide 65: PAFC market and sales
rasa ETERS RECN 22 7isst ses Doosan Fuel Cel AIVS} ZZ PAFC 7[Ht 7/2 SALY A[At AI or PAFC 7|Ht S2 Sees 243 a “1514~"191(F) M/S 79%,12| Siss = = [AGH AZ get” 109 46 41 : 37 5 “151 at) ‘174 ‘18d ‘19K4(F) BPACIBIOILIZ| (30MW) StS} CHAT (SOMW) = RI/E ESE: IZ RPS Alail 12/2 IcH A(74| B|SS/B ICH SANA wZt S
Slide 66: Cost reduction and competitiveness
Sel DSS AS BAR em Se Sst Met S41 Doosan Fuel Cell MZ ASS} Mu PSG HE BASS Sot Yael Stet 50\4 SFA 7/3! Se atist 27il BI ASS} Au] Stet =Ats}8 98%)” 3 AMAH7} ate] Sl Sy Sal + HIE = . o-——> SALA H O|= MAt 48% 100 =m AEH HZ gay one ozaa SHUI PPT Ss == JHLECHAAR PTH HAL aeu7t Le FALICHAAR STH DAE 1) Bw 66
Slide 67: New applications market potential
CPSsOIDSS AS ASU SSI eI Rees om x m9 rf ra Y +H ra Doosan Fuel Cell AaMEF ‘231A IA| BS 71Sst ofO} 7 Aan S! MHA OS St IA SH ‘2314 OS SE APE Bet caja © SF on eee BBVAZE Oa ae “INGSWIIA, Ante Bh LPG + LPGING BZ Se Shs 2 oo ore pea StAratSBR 4,690 FSStA | - A/S A MALE Ste AS aS Set +38 FANT Z\KH 4,320 S
Slide 68: Marine and LNG applications
Doosan Fi uel Cell om x m9 bh ra Ju +H r CCDS A Au Seale! elise EY AeMA| PY SS 282 + UE ARMA| 244 B SS Application eI: MW cya = “ iS BAS +2 HHA OS BAS Seis ee AwWeVAZS | BMA BI Azte Sei chal) ina LNG LNG +) BBA + LNG =| 7 [st 7X2] Hest (B.0.G”) - + 37/0 2st ILA] SS 2a AoLe # eaves Asst Ss ZA 1) B.0.
Slide 69: LPG and tri-generation
2) LPG 2 ay! LPG AS oe (LPG/NG) o Ss. r \ (Tri-gen”! \ ! . 7 Sa. --? Baan 7H Bled B (~'20.12) 1) M7VAVEA MAO] 7HSSt AAA] GS 3) SZELPG AS Au| ZASt HS Py Doosan Fuel Cell + AlZ Ste : ~1914 1121 + LPG AS Bel Aedst + LPG JIA AFI EAE MIA BCH SPAN A SESt CHA (GOMW) So AS 0.9 GW» AS 15GW® S38 F4 DTS -FA SH
Slide 70: SOFC commercialization hurdles and solutions
CSR DSSAS AU SHA aM Bee ie Doosan Fuel Cell 3) SOFC Set 7Hidt B! AKSSt SOFC 7H#! Hurdle 2! Solution SOFC 7H! S44 AI2s| 1 » S10] REID IESE AIS EAE At=s| Hurdle Solution ~ PAFC Salat 4380] Ate] SI Sic} B! 2s} Step1 Step2 J 2| AI a ui Ss et al I - "2514 Grid Parity 232 eta orga 21S Rae | | eee - BAS JI
Slide 71: Global No.1 Player
investor Relations 2019 Doosan Fuel Cell Global No.1 Player Slogan Aspiration Accelerate the hydrogen world 40,000 Vision Statement Pole 2H ApOlaAy S|4b) OG Al SM Siieeroene ye 6 a OS at ME 52» 1914 OH ‘2314 OS 71