Posco Holdings Inc. · KRX:005490
Posco — Q1 2021 Earnings Presentation
14 slides from Posco's earnings presentation, Apr 27, 2021
Slide 1: 2021 1Q Earnings Release
2021 1Q Earnings Release April 26, 2021 Exhibit 99.1
Slide 2: Disclaimer
Disclaimer This presentation was prepared and circulated to release the informations regarding the company’s business performance to shareholders and investors prior to the completion of auditing for the period of the first quarter of 2021. As figures in this presentation are based on unaudited fina
Slide 3: Contents
1Q 2021 Earnings Release Business Performance (Parent/Consolidated) Financial Structure Subsidiary Performance Appendix Contents 2021 Business Outlook
Slide 4: Business Performance: Sales/Production (Parent)
Business Performance_Sales/Production(Parent) 9,066 8,723 Crude Steel Product △20 (thousand tons) QoQ 9,579 9,559 8,920 Production Sales Sales Volume 8,621 8,992 54.8 58.5 8,812 57.4 Domestic Sales Ratio QoQ (thousand tons, %) △180 △1.1%p 1Q20 4Q20 1Q21 ○ Production volume maintained QoQ, with the e
Slide 5: Business Performance: Parent/Consolidated
Business Performance_Parent/Consolidated Parent Revenue Operating Profit QoQ (billion KRW) +723 OP Margin +549 +6.4%p 1Q20 6,970 458 6.6% ○ Operating profit edged up QoQ as margin spread widened led by product price increase 【Operating Profit (billion KRW)】 4Q20 7,077 7.4% 524 1Q21 7,800 13.8% 1,073
Slide 6: Financial Structure
Financial Structure Parent (billion KRW) 1Q20 4Q20 1Q21 QoQ Liabilities ratio 73.5% 65.9% 68.3% +2.4%p EBITDA 1,590 1,800 2,453 +653 ○ Debt rose due to parent-base trade finance and ESG bond issuance of POSCO E&C, while cash levelled up by POSCO Chemical’s raise in capital (billion KRW) 1Q20 4Q20 1Q
Slide 7: Subsidiary Performance: Domestic
Subsidiary Performance _Domestic 377 441 455 16 23 34 1,829 113 1,886 89 1,567 129 422 84 353 19 424 72 5,087 135 1Q20 4,943 79 4Q20 6,303 83 1Q21 Both revenue and profit climbed driven by booming steel and Agro and industrial materials sector - Sales expanded from Steel/Iron ore, Agro crops (Corn s
Slide 8: Subsidiary Performance: Overseas
455 1Q21 51 367 1Q20 △38 4Q20 12 373 PY VINA 3 10 51 △3 89 85 4Q20 6 693 1Q21 20 765 △18 1Q20 555 POSCO Maharashtra 255 △2 272 30 316 52 316 Profit levelled up QoQ as price increased due to steel market upturn continues - Product price (QoQ) : [Slab] +23%, [Plate] +17% Continued profit uptrend throu
Slide 9: 2021 Business Outlook
2021 Business Outlook 9 Parent Consolidated Crude Steel Production 37.8 million tons Product Sales 35.4 million tons CAPEX (trillion KRW) 4.4 6.8 Revenue (trillion KRW) Debt (trillion KRW) 19.8 7.7 32.8 63.2
Slide 10: Appendix: Summarized Financial Statements
Summarized Financial Statements Appendix Summarized F/S_Parent (IS, BS) Summarized F/S_Consolidated (IS, BS)
Slide 11: Summarized F/S Parent Income Statement
11 1Q20 4Q20 1Q21 QoQ Crude Steel Production (thousand tons) 9,066 9,579 9,559 △20 Product Sales (thousand tons) 8,621 8,992 8,812 △180 STS 469 482 480 △2 Carbon Steel Sales Price (thousand KRW) 692 679 763 +84 Revenue 6,970 7,077 7,800 +723 Cost of Goods Sold 6,230 6,286 6,467 +181 Gross Profit 740
Slide 12: Summarized F/S Parent Balance Sheet
12 1Q20 4Q20 1Q21 QoQ Current Assets 20,774 19,580 20,398 +818 Cash Balance* 11,723 11,430 10,938 △492 Accounts Receivable 3,680 3,694 4,107 +413 Inventories 4,768 4,094 4,759 +665 Current Ratio 497.1% 384.7% 354.5% △30.2%p Non-Current Assets 37,662 37,215 37,868 +653 Other Long-term financial asset
Slide 13: Summarized F/S Consolidated Income Statement
13 1Q20 4Q20 1Q21 QoQ Revenue 14,546 15,264 16,069 +805 Gross Profit 1,310 1,469 2,138 +669 (Gross Margin) (9.0%) (9.6%) (13.3%) (+3.7%p) SG&A 605 606 585 △21 Operating Profit 705 863 1,552 +689 (Operating Margin) (4.8%) (5.7%) (9.7%) (+4.0%p) Non-Operating Profit △51 △245 △0.1 +245 Share of Profit(
Slide 14: Summarized F/S Consolidated Balance Sheet
14 1Q20 4Q20 1Q21 QoQ Current Assets 37,813 35,831 39,442 +3,611 Cash Balance* 15,351 16,365 17,568 +1,203 Accounts Receivable 9,344 8,121 8,954 +833 Inventories 10,726 9,052 10,253 +1,201 Current Ratio 206.8% 212.6% 215.7% +3.1%p Non-Current Assets 44,448 43,256 43,380 +124 Other Long-term financia