Korea Zinc Co., Ltd. · KRX:010130
Korea Zinc — Q1 2025 Earnings Presentation
23 slides from Korea Zinc's earnings presentation, May 9, 2025
Slide 1: Korea Zinc 1Q25 Earnings Release
Korea Zinc 1Q25 Earnings Release May 9th, 2025
Slide 2: Contents
CONTENTS 1Q 2025 Business Results Results & Outlook by Business • Korea Zinc (Standalone) • KZ Trading • Sun Metals Corporation Business Highlights Appendix
Slide 3: Disclaimer
Disclaimer This presentation contains forward looking information and statements with respect to market conditions, financial conditions, results of operations and business, and plans of the management. Please note they may differ from actual results. Financial results herein are under audit review,
Slide 4: 1Q 2025 Business Results (Consolidated)
1Q 2025 Business Results (Consolidated) Quarterly Sales by Business (bn KRW) Quarterly Results (bn KRW) 고려아연 (별도) KZ Trading SMH 스틸싸이클 및 기타법인 1Q24 2Q24 3Q24 4Q24 1Q25 QoQ YoY 3,833 3,413 3,209 1,016 Sales 2,375 3,058 3,207 3,413 3,833 +420 +1,457 3,058 907 777 683 314 Gross Profit 266 362 270 243 40
Slide 5: 1Q 2025 Business Results (Consolidated) - Balance Sheet
1Q 2025 Business Results (Consolidated) Balance Sheet (bn KRW) Financial Ratios 3Q24 4Q24 1Q25 QoQ 부채비율 차입금비율 순차입금비율** ** Asset 13,641 14,792 14,376 -416 94.8% Current Assets 6,386 7,567 6,957 -610 88.1% Cash and Equivalents 1,510 894 577 -317 Short-term Investments* 638 1,721 1,003 -718 63.5% 58.6%
Slide 6: Results & Outlook by Business: Korea Zinc (Standalone)
Results & Outlook by Business Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Sales by Product (bn KRW) 1Q Results 2,389 • Revenue and operating profit increased 2,258 7% (Revenue ratio) due to strong precious metal prices and 1,988 2,029 7% 5% 기타 Others favorable exchange rate 1
Slide 7: Results & Outlook by Business: KZ Trading
Results & Outlook by Business Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Sales by Product (bn KRW) 90 2% 7% 1Q Results 5% (Revenue ratio) 7% 기타 Others • Increased sales and improved profitability 57 14% 53 비스무스 Bismuth 2% due to price increase and high yields of 2% 8% 텔루륨 Te
Slide 8: Results & Outlook by Business: Sun Metals Corporation
Results & Outlook by Business Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Sales by Product (bn KRW) 310.8 308.5 265.6 279.6 17.8 17.3 1Q Results 257.8 17.3 17.0 16.7 94.2 • Despite a decreased sales of zinc and 기타 Others 106.0 149.5 94.8 lead, revenue maintained at the previo
Slide 9: Results & Outlook by Business: Sun Metals Corporation
Results & Outlook by Business Korea Zinc (Standalone) KZ Trading Sun Metals Corporation Quarterly Sales by Product (bn KRW) 213,796 205,269 194,076 1Q Results 21,983 25,270 4,791 33,725 3,984 143,655 3,333 • Sales increase and profitability improved LGLC* and others 9,160 Acid 3,075 109,116 as produ
Slide 10: Business Highlights
Business Highlights Rare Metal Market Renewable Energy Business Update
Slide 11: Rare Metal Market
Rare Metal Market Price & Production • Enhanced production capacity of rare metals such as antimony and indium improves revenue and operating profit • Prices of rare metals remains on an upward trend due to supply chain disruptions driven by China’s export controls of critical minerals Antimony* Ind
Slide 12: Renewable Energy Update
Renewable Energy Update MacIntyre Wind Farm Project and SMC RE100 Roadmap • MacIntyre Wind Farm will begin commercial operation in 1H26; renewable power supply is to operate in full capacity (92.73% complete) • Cost-effective, reliable clean energy secures additional revenue, produces Green Zinc and
Slide 13: Appendix
APPENDIX Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials
Slide 14: Holding Structure
Holding Structure Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Holding Structure Smelting Renewables & Hydrogen Secondary Battery Materials Resource Recycling KOREA ZINC % Equity Stake
Slide 15: Shareholder Return Policy
Shareholder Return Policy Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Historical Shareholder Return Total Shareholder Return (bn) Total Shareholder Return (%) 231.4% Shareholder Retur
Slide 16: Historical Sales Volume
Historical Sales Volume Holding Structure Shareholder Return Policy Historical Historical Sales Volume Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Unit : 10kt(Zinc, Lead), 100t(Silver), %(Actual/Target) 102% 99% 99% 16 65 64 64 17 63 19 9
Slide 17: Metal Prices & FX
Metal Prices & FX Holding Structure Shareholder Return Policy Historical Sales Volume Metal Metal Prices & Prices & FX FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials USD/KRW (Avg.) Zinc (USD/MT) Lead (USD/MT) 1,450 1,450 1,500 3,500 3,049 2,400 1,450 1,452 1,450 1,400
Slide 18: LME Price & Raw Materials Cost Trend
Metal Prices & FX Holding Structure Shareholder Return Policy Historical Sales Volume Metal Metal Prices & Prices & FX FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials LME Price & Raw Materials Cost Trend (USD/t) Zinc Lead 4,000 3,000 Loss from LME price decline 3,500 2,
Slide 19: Zinc TC & Earnings
Zinc TC & Earnings Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Benchmark TC, FX & OP (Standalone) (bn KRW, USD/t) 3,485 8,081 8,089 2,894 2,925 7,163 7,291 2,779 3,005 2,649 2,549 5,5
Slide 20: Sales Volume by Metal
Sales Volume by Metal Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials KZ (Standalone) 1Q24 2Q24 3Q24 4Q24 1Q25 QoQ YoY Zinc(MT) Domestic 60,305 59,526 62,097 67,885 63,163 -7.0% 4.7% Expo
Slide 21: Sales Revenue by Metal
Sales Revenue by Metal Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials KZ (Standalone) bn KRW 1Q24 2Q24 3Q24 4Q24 1Q25 QoQ YoY Zinc Domestic 216 234 254 295 283 -3.9% 31.4% Export 381 365
Slide 22: Financials
Financials Holding Structure Shareholder Return Policy Historical Sales Volume Metal Prices & FX Zinc TC & Earnings Sales Volume by Metal Sales Revenue by Metal Financials Korea Zinc (Consolidated) KZ Trading PL (bn KRW) 1Q24 2Q24 3Q24 4Q24 1Q25 QoQ YoY PL (bn KRW) 1Q24 2Q24 3Q24 4Q24 1Q25 QoQ YoY S
Slide 23: IR contact
APPENDIX IR contact IR@koreazinc.co.kr