Nexen Tire Corp · KRX:002350
Nexen Tire — Q1 2026 Earnings Presentation
23 slides from Nexen Tire's earnings presentation, May 18, 2026
Slide 1: IR Presentation Q1 2026 Earnings Release
IR PRESENTATION Q1 2026 Earnings Release (Reflected the results of external audit) May 18, 2026
Slide 2: Disclaimer
Disclaimer The financial and business information in this document is consolidated earnings results based on K-IFRS. This document is based on the facts as of the date of its preparation and should not be used as legal evidence for the investment outcomes under any circumstances.
Slide 3: Contents
Contents 1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 4: Q1 2026 Highlights
Business Highlights Financial Results Business Performance Market Status Appendix Q1 2026 Highlights Global Market Status Financial Results New Car Sales OE RE Revenue OP ≥18" -4% -4% 0% KRW 838bn KRW 54.2bn 40.8% (Q1 YoY) (Q1 YoY) (Q1 YoY) (YoY +9%) (OPM 6.5%) (YoY +4%p) EV subsidies cuts and China
Slide 5: Financial Results
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 6: Q1 2026 Financial Results
Business Highlights Financial Results Business Performance Market Status Appendix Q1 2026 Financial Results • Continued top-line growth supported by increased sales of high value-added products and expansion in key markets • Stabilization of the cost structure reflecting lower raw material prices an
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) Increased supply to premium brands such as BMW ▪ (OE) Increasing sales driven by expanded supply of mid- and and AUDI large-sized vehicles ▪ (RE) Strong performance i
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 in major EV models resulted from the ▪ (OE) Stable supply for major OEMs in Japan and China early confirmation of EV subsidy policies in January ▪ (RE) An influx
Slide 9: Business Performance
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 10: Q1 2026 New OE Supply
Business Highlights Financial Results Business Performance Market Status Appendix Q1 2026 New OE Supply • Expansion of portfolio for newly launched vehicles in domestic and overseas markets and strengthened partnerships with major OEMs • Demonstrated product performance tailored to all-terrain capab
Slide 11: Launch of Market-tailored Products
Business Highlights Financial Results Business Performance Market Status Appendix Launch of Market-tailored Products • Expanding sales regions for key products validated by highly demanding European OEMs and local consumers • Strengthening demand responsiveness and growth foundation by expanding mar
Slide 12: Operations in LATAM · APAC
Business Highlights Financial Results Business Performance Market Status Appendix Operations in LATAM · APAC • In addition to new product launches, implementation of localized strategies reflecting demand trends and operational infrastructure • Strengthening ‘NEXEN’ retail store branding activities
Slide 13: Enhancing Mid to Long Term Growth Base
Business Highlights Financial Results Business Performance Market Status Appendix Enhancing Mid to Long Term Growth Base • Securing market dominance by entering downstream distribution through the expansion of regional distribution centers • Establishment of a dedicated center in Europe’s largest au
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) Demand decline in China due to NEV subsidies cuts / Prolonged weak new vehicle demand after expiry of EV tax credits in U.S. • (RE) Increased imports of Chinese tires in Europe in 4Q25 followi
Slide 16: Raw Materials
Business Highlights Financial Results Business Performance Market Status Appendix Raw Materials • Rubber prices declined in 2H25 on weaker demand amid U.S. tariffs, rebounded in early 2026 due to seasonal factors • In March 2026, heightened geopolitical risks in the Middle East led to increased vola
Slide 17: Maritime Logistics
Business Highlights Financial Results Business Performance Market Status Appendix Maritime Logistics • Stable SCFI, rebound amid escalating geopolitical tensions in the Middle East, followed by flat trend since mid-April • Continued transport uncertainty until normalization of transit across the Mid
Slide 18: 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 AI/ML-driven productivity improvements at existing plants • Optimizing operations across 4 global plants with a 48
Slide 19: 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 20: Consolidated Income Statement (Quarterly)
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Income Statement (Quarterly) (bn KRW) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Revenue 771.2 804.7 780.7 833.1 838.3 COGS 569.6 589.7 557.5 599.7 591.8 (%) 73.9% 73.3% 71.4% 72.0% 70.6% Gross Profit 201.6 2
Slide 21: Consolidated Income Statement (Annual)
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Income Statement (Annual) (bn KRW) 2022 2023 2024 2025 Revenue 2,597.4 2,701.7 2,847.9 3,189.6 COGS 2,165.9 1,962.4 2,055.0 2,316.5 (%) 83.4% 72.6% 72.2% 72.6% Gross Profit 431.5 739.3 792.9 873.1 (%) 16.6
Slide 22: Consolidated Balance Sheet
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Balance Sheet (bn KRW) 2023 2024 2025 March 2026 Assets 4,232.7 4,574.5 4,709.5 4,859.2 Cash Equivalents(1) 451.6 336.8 355.1 331.4 Account Receivable 439.2 524.8 706.4 819.3 Inventories 640.8 894.0 865.9
Slide 23: Thank you
jeai NEXEN TIRE