Nexen Tire Corp · KRX:002350
Nexen Tire — Q2 2025 Earnings Presentation
23 slides from Nexen Tire's earnings presentation, Aug 14, 2025
Slide 1: IR Presentation Q2 2025 Earnings Release
IR PRESENTATION Q2 2025 Earnings Release (Reflected the results of external review) August 14th, 2025 Brno, Czech Republic
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: Q2 2025 Highlights
Business Highlights Financial Results Business Performance Market Status Appendix Q2 2025 Highlights Global Market Status Financial Results New Car Sales OE RE Revenue OP ≥18" +4% +1% +2% KRW 805bn KRW 43bn (Q2 YoY) (6M YTD) (6M YTD) 35.2% (YoY +5%) (OPM 5.3%) Growth from US tariff China strength St
Slide 5: Financial Results
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 6: Q2 2025 Financial Results
Business Highlights Financial Results Business Performance Market Status Appendix Q2 2025 Financial Results • Revenue boosted by the transition of US sales from recovery to sustained growth, along with growth in Europe and Korea • Cost impact from newly imposed tariffs was partially offset by stabil
Slide 7: Sales by Region (1/2)
Business Highlights Financial Results Business Performance Market Status Appendix Sales by Region (1/2) Europe North America (OE) Solid OE sales to key European OEMs (Stellantis (OE) Sales was partially impacted by a decline in preemptive Group, Volkswagen Group, and BMW) despite sluggish new de
Slide 8: Sales by Region (2/2)
Business Highlights Financial Results Business Performance Market Status Appendix Sales by Region (2/2) Korea Others (OE) Despite partial operational disruptions at domestic (OE) Stable sales backed by increased production from EV manufacturing plants, the Company expanded supply, Hyundai Motor
Slide 9: Business Performance
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 10: H1 2025 New OE Supply
Business Highlights Financial Results Business Performance Market Status Appendix H1 2025 New OE Supply • Initiated OE supply for 11 new vehicle models in H1 • Demonstrated versatile expertise with global supply for KIA’s pickup truck ‘Tasman’ and fitment on HYUNDAI Motor’s next-gen FCV ‘NEXO’ Merce
Slide 11: Trade Environment Changes
Business Highlights Financial Results Business Performance Market Status Appendix Trade Environment Changes • Amid increasing trade uncertainties and the global protectionism, strategic initiatives are essential to mitigate profitability impacts • Perform a comprehensive review of market share, grow
Slide 12: Global Retail Networks
Business Highlights Financial Results Business Performance Market Status Appendix Global Retail Networks • Enhance retail presence and strengthen the ‘NEXEN’ brand through partnerships with local distributors in Southeast Asia, the Middle East, and Europe • Effectively communicate product and brand
Slide 13: Edge in Domestic RE Market
Business Highlights Financial Results Business Performance Market Status Appendix Edge in Domestic RE Market • Operating 470+ ‘TIRE TECH’ specialty stores, leveraging advanced equipment and customized services for competitive advantage • Enhance customer trust by creating synergy with the rental bra
Slide 14: Brand Value
Business Highlights Financial Results Business Performance Market Status Appendix Brand Value • Enhanced brand recognition via ‘Good’ rating in tire performance tests and global LED campaigns • Achieved EcoVadis ‘Gold’ rating for 2 consecutive years (within the top 3% globally in sustainability) Tir
Slide 15: Market Status
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 16: Global Tire Market
Business Highlights Financial Results Business Performance Market Status Appendix Global Tire Market • (OE) Amid various EV policies such as the US IRA repeal and China’s national old-for-new initiative, demand declines in Europe and North America have slowed, while growth in China has decelerated,
Slide 17: Raw Materials
Business Highlights Financial Results Business Performance Market Status Appendix Raw Materials • Middle East tensions triggered a short-term rebound in WTI, with limited impact on raw material markets • As the US-led tariff war peaks, both futures and spot rubber prices are trending downward Natura
Slide 18: Maritime Logistics
Business Highlights Financial Results Business Performance Market Status Appendix Maritime Logistics • Fluctuations in ocean freight rates driven by US tariffs and global countermeasures • Future country-specific tariff announcements may affect ocean freight rates but are unlikely to cause sharp flu
Slide 19: Thank you
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Slide 20: Global Production Capacity
Business Highlights Financial Results Business Performance Market Status Appendix Global Production Capacity • Expand production capacity through the phase 2 expansion of the Czech plant and productivity improvements at other facilities, with a focus on passenger car and light truck tires • Accelera
Slide 21: ESG
Business Highlights Financial Results Business Performance Market Status Appendix ESG • In 2025, ‘Gold’ rating from EcoVadis, an ESG evaluation agency, ranking in the top 3% among 150K companies across 185 countries • Committed to ESG management through diverse initiatives and continuous improvement
Slide 22: Consolidated Income Statement
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Income Statement (bn KRW) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Revenue 763.8 708.5 697.6 771.2 804.7 COGS 539.8 497.6 516.9 569.6 589.7 (%) 70.7% 70.2% 74.1% 73.9% 73.3% Gross Profit 223.9 210.9 180.7 2
Slide 23: Consolidated Balance Sheet
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Balance Sheet (bn KRW) 2022 2023 2024 Q2 2025 Assets 3,944.3 4,232.7 4,574.5 4,754.9 Cash Equivalents(1) 452.4 455.4 347.9 380.2 Account Receivable 382.2 430.1 513.7 685.3 Inventories 649.2 640.8 894.0 814