Nexen Tire Corp · KRX:002350

Nexen Tire — Q1 2025 Earnings Presentation

22 slides from Nexen Tire's earnings presentation, May 15, 2025

  1. Slide 1: IR Presentation Q1 2025 Earnings Release

    IR PRESENTATION Q1 2025 Earnings Release (Reflected the results of external review) May 15th, 2025

  2. 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

  3. Slide 3: Contents

    Contents 1. Business Highlights 2. Financial Results 3. Business Issues 4. Market Status 5. Appendix 3

  4. Slide 4: Q1 2025 Highlights

    Business Highlights Financial Results Business Issues Market Status Appendix Q1 2025 Highlights Global Market Status Financial Results New Car Sales OE RE Revenue OP ≥18" +5% -1% +4% 771bn KRW 41bn KRW 37.0% (YoY) (YTD) (YTD) (YoY +14%) (OPM 5.3%) Strong growth in Weak demand Solid demand Record-hig

  5. Slide 5: 2. Financial Results

    tev NEXEN TIRE 2. Financial Results

  6. Slide 6: Q1 2025 Financial Results

    Business Highlights Financial Results Business Issues Market Status Appendix Q1 2025 Financial Results • Achieved revenue growth YoY and QoQ driven by increased sales volume, including a higher portion of 18inch(or larger), and FX effects • The ratio of transportation costs, including ocean freight,

  7. Slide 7: Sales by Region (1/2)

    Business Highlights Financial Results Business Issues Market Status Appendix Sales by Region (1/2) Europe North America  (OE) Despite soft market demand, the Company’s sales  (OE) Profitability improved with a higher share of large-rim tire remained stable, especially expanding supply focused on s

  8. Slide 8: Sales by Region (2/2)

    Business Highlights Financial Results Business Issues Market Status Appendix Sales by Region (2/2) Korea Others  (OE) EV sales surge in Jan. on renewed subsidy /  (OE) Robust sales in Japan and Mexico, including Commenced supply for KIA’s ‘EV4’ Mitsubishi's 'Outlander‘, led to a YoY revenue increa

  9. Slide 9: 3. Business Issues

    tev NEXEN TIRE 3. Business Issues

  10. Slide 10: Status of major regions

    Business Highlights Financial Results Business Issues Market Status Appendix Status of major regions • Enhancing competitiveness and expanding presence with customized strategies tailored to regional market conditions • Strengthening core competencies throughout the business cycle; new product devel

  11. Slide 11: Product Strategy

    Business Highlights Financial Results Business Issues Market Status Appendix Product Strategy • By providing performance suitable for both EVs and ICEs with the same product, we aim to elevate the entire product lineup • Focusing on tire selection based on key performance strengthens our customer-ce

  12. Slide 12: R&D

    Business Highlights Financial Results Business Issues Market Status Appendix R&D • Improving product development efficiency with dedicated testing centers for validating and testing winter tire performance • Enhancing responsiveness to stricter regulations and strengthening snow performance to gain

  13. Slide 13: Award Achievements

    Business Highlights Financial Results Business Issues Market Status Appendix Award Achievements • Proven excellence not only in driving performance but also in environmental capabilities and design innovation • Contributing to brand position through enhanced technological capabilities and a commitme

  14. Slide 14: 4. Market Status

    tev NEXEN TIRE 4. Market Status

  15. Slide 15: Global Tire Market

    Business Highlights Financial Results Business Issues Market Status Appendix Global Tire Market • (OE) Increased new car sales from China’s Old-for-New Policy; conversely, continued declines elsewhere due to Europe’s EV subsidy cuts and U.S. consumer spending slowdown • (RE) Europe drives global dem

  16. Slide 16: Raw Materials

    Business Highlights Financial Results Business Issues Market Status Appendix Raw Materials • Prolonged supply shortage of natural rubber due to declining arable land and abnormal weather conditions • Policy uncertainty, including tariffs, could slow global raw material demand, particularly in China,

  17. Slide 17: Maritime Logistics

    Business Highlights Financial Results Business Issues Market Status Appendix Maritime Logistics • A slowdown in global shipping and falling freight rates due to U.S. tariff policy uncertainty • Market to be stabilized amid economic slowdown and intensified competition among alliances (pt) 6,000 SCFI

  18. Slide 18: 5. Appendix

    tev NEXEN TIRE 5. Appendix

  19. Slide 19: Global Production Capacity

    Business Highlights Financial Results Business Issues Market Status Appendix Global Production Capacity • Production capacity of 50mn+ units by 2025, through the 2 nd phase expansion of European plant and productivity improvement • As a global tire manufacturer specializing in Passenger Car and Ligh

  20. Slide 20: ESG

    Business Highlights Financial Results Business Issues Market Status Appendix ESG • In 2024, gold medal rating from ‘EcoVadis’, the ESG evaluation agency, with the top 3% score among 130K companies in 180 countries • Practicing ESG management through various initiatives and the improvement of evaluat

  21. Slide 21: Consolidated Income Statement

    Business Highlights Financial Results Business Issues Market Status Appendix Consolidated Income Statement (bn KRW) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Revenue 678.1 763.8 708.5 697.6 771.2 COGS 500.6 539.8 497.6 516.9 569.6 (%) 73.8% 70.7% 70.2% 74.1% 73.9% Gross Profit 177.4 223.9 210.9 180.7

  22. Slide 22: Consolidated Balance Sheet

    Business Highlights Financial Results Business Issues Market Status Appendix Consolidated Balance Sheet (bn KRW) 2022 2023 2024 Q1 2025 Assets 3,944.3 4,232.7 4,574.5 4,760.8 Cash Equivalents(1) 452.4 455.4 347.9 360.5 Account Receivable 382.2 430.1 513.7 652.6 Inventories 649.2 640.8 894.0 870.9 Ta

Nexen Tire — Q1 2025 Earnings Presentation on 6ix