Nexen Tire Corp · KRX:002350
Nexen Tire — Q3 2025 Earnings Presentation
22 slides from Nexen Tire's earnings presentation, Nov 5, 2025
Slide 1: IR Presentation Q3 2025 Earnings Release
IR PRESENTATION Q3 2025 Earnings Release November 5, 2025
Slide 2: Disclaimer
Disclaimer The financial and business information in this document is consolidated earnings results based on K-IFRS. Please note that some of the contents provided in this document are for the convenience of investors only before the external audit on our financial results is completed. Some of the
Slide 3: Contents
Contents 1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 4: Q3 2025 Highlights
Business Highlights Financial Results Business Performance Market Status Appendix Q3 2025 Highlights Global Market Status Financial Results New Car Sales OE RE Revenue OP ≥18" +5% +2% +1% KRW 781bn KRW 46.5bn (Q3 YoY) (9M YTD) (9M YTD) 38.1% (YoY +10%) (OPM 6.0%) Strong EV sales N.America & EU Q3 de
Slide 5: Financial Results
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 6: Q3 2025 Financial Results
Business Highlights Financial Results Business Performance Market Status Appendix Q3 2025 Financial Results • High year-over-year revenue growth driven by strong sales in Europe and domestic markets • COGS ratio improved for three consecutive quarters, supported by the gradual stabilization of raw m
Slide 7: Revenue by Region (1/2)
Business Highlights Financial Results Business Performance Market Status Appendix Revenue by Region (1/2) Europe North America (OE) Expanded supply across mass and premium car (OE) Strong EV demand ahead of the tax credit expiration brands, sustaining revenue growth despite market instability dr
Slide 8: Revenue by Region (2/2)
Business Highlights Financial Results Business Performance Market Status Appendix Revenue by Region (2/2) Korea Others (OE) Strong sales for new vehicle models and overall (OE) Production reduction in Japan for US exports ahead portfolio upshifting improved product mix of the tariff cut impacted
Slide 9: Business Performance
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 10: Q3 OE Supply Expansion
Business Highlights Financial Results Business Performance Market Status Appendix Q3 OE Supply Expansion • Optimized performance by vehicle type, building a diversified OE portfolio encompassing ICEs, EVs, and purpose-built vehicles • Expanded brand presence and strengthened partnerships with major
Slide 11: Product Portfolio Diversification
Business Highlights Financial Results Business Performance Market Status Appendix Product Portfolio Diversification • Expanded the ‘EV Root’ lineup to ensure top quality across all vehicle types, including EVs • Launched regional-specific tire models as part of a localized product strategy [NEW] N'F
Slide 12: Global Footprint Expansion
Business Highlights Financial Results Business Performance Market Status Appendix Global Footprint Expansion • Sales hubs expanded and segmented to improve market access and operational efficiency; new hubs planned based on demand and channel growth Sales Growth in Key Hubs 1) Romania * NEXEN * 2020
Slide 13: Sustainable Growth
Business Highlights Financial Results Business Performance Market Status Appendix Sustainable Growth • Industry-first High Dynamic Driving Simulator in Korea introduced to strengthen R&D; virtual design drives sustainability efforts • SBTi-approved GHG reduction targets; established a globally align
Slide 14: Market Status
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 15: Global Tire Market
Business Highlights Financial Results Business Performance Market Status Appendix Global Tire Market • (OE) Q3 demand recovery in Europe & North America compared to H1 Market expansion focused on high-performance premium products driven by the growing adoption of eco-friendly vehicles • (RE) Despite
Slide 16: Raw Materials
Business Highlights Financial Results Business Performance Market Status Appendix Raw Materials • Steady demand from the tire industry supports rubber prices, although a clear downward stabilization trend persists Natural Rubber (USD/ton) (USD/bbl) 2,500 200 Production declines in key countries (T
Slide 17: Maritime Logistics
Business Highlights Financial Results Business Performance Market Status Appendix Maritime Logistics • Cautious stance with shippers delaying shipments due to uncertainty over US tariff policies, leading to an early end to the peak season • Temporary vessel suspensions after China’s National Day (ea
Slide 18: Thank you
jeai NEXEN TIRE
Slide 19: Global Production Capacity
Business Highlights Financial Results Business Performance Market Status Appendix Global Production Capacity • Expanding production capacity via phase 2 expansion of the Czech plant and productivity improvements at other facilities • Targeting ‘Volume & Profit’ with a total production capacity of 50
Slide 20: ESG
Business Highlights Financial Results Business Performance Market Status Appendix ESG • 2025, EcoVadis ‘Gold’ rating - top 3% among 150K companies across 185 countries • Committed to ESG management through diverse initiatives and continuous improvement in evaluation metrics Major Performances Initia
Slide 21: Consolidated Income Statement
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Income Statement (bn KRW) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Revenue 708.5 697.6 771.2 804.7 780.7 COGS 497.6 516.9 569.6 589.7 557.5 (%) 70.2% 74.1% 73.9% 73.3% 71.4% Gross Profit 210.9 180.7 201.6 2
Slide 22: Consolidated Balance Sheet
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Balance Sheet (bn KRW) 2022 2023 2024 Q3 2025 Assets 3,944.3 4,232.7 4,574.5 4,941.7 Cash Equivalents(1) 452.4 455.4 347.9 365.2 Account Receivable 382.2 430.1 513.7 759.2 Inventories 649.2 640.8 894.0 868