Hyundai Department Store Co., Ltd · KRX:069960
Hyundai Department Store — Non-Deal Roadshow (November 2022)
27 slides from Hyundai Department Store's roadshow presentation, November 2022
Slide 1: Hyundai Department Store IR Presentation
Hyundai Department Store 「069960」 IR Presentation 2022 November
Slide 2: Disclaimer
Disclaimer The financial information in this document is based on K-IFRS. Since this document contains preliminary figures, which can be different from the actual results, It is suggested not to depend solely on this document for any purpose. Readers should acknowledge that the figures and informati
Slide 3: Contents
Contents Business Overview 004 Financial Highlights(FY21) 005 Store Information 006 Hyundai Department Store 007 Hyundai Outlet 009 Hyundai DFS 011 Zinus Transition to Holding Structure : Spin-Off 014 Spin-off Overview 015 Spin-off Balance Sheet 016 Rationale 017 Vision – Hyundai Department Store 01
Slide 4: Business Overview
003 Business Overview 004 Financial Highlights(FY21) 005 Store Information 006 Hyundai Department Store 007 Hyundai Outlet 009 Hyundai DFS 011 Zinus
Slide 5: Financial Highlights (FY21)
004 Financial Highlights(FY21) General Information Financial Statement (Unit : KRW bn) Company Hyundai Department Store Co., Ltd Total Asset Total Liability Total Equity Industry Established Date Retail(Department Store, Outlet, DFS) 1971. 06. 15 8,969bn 3,744bn 5,226bn 3,572 Listed Date 2002. 11 (0
Slide 6: Store Information
005 Store Information Department Store Stores in Seoul Dongdaemun Mia Outlet / DFS 16Stores Outlet Shinchon 7 Stores Mok dong D-Cube The Hyundai Duty Free Store 천 Cheonho Seoul Apgujeong 호 3Stores Gimpo Outlet Space 1 Outlet Trade Centre / DFS Kintex Garden Five Outlet Airport DFS Pangyo Choong Song
Slide 7: Hyundai Department Store
006 Hyundai Department Store Major stores Leading the future for department stores Hyundai Department Store is currently operating 16 department stores. With its premium service, unique content, and trendy MD, we are not only satisfying customers' demands. We are leveling up the expectations for the
Slide 8: Hyundai Outlet
007 Major stores Hyundai Outlet Suggesting new directions for outlets Hyundai Outlet has grown to be the region’s representative shopping and culture complex with its excellent accessibility(close to large cities), entertainment for families, and global luxury brands. With its concept of ‘Cruise the
Slide 9: Department Store Performance & Store Information
008 Department Store Performance & Store Information Performance (FY22 H1) Store Type In Q2, consumption demand recovered rapidly due to Covid re-opening. Department Store Premium Outlet Sales in all categories recovered to the pre-pandemic level. 1. Apgujeong 1. Gimpo * 2. Trade Centre (Coex) * 2.
Slide 10: Hyundai DFS
009 Duty Free Stores Hyundai DFS Overcoming all obstacles Hyundai Department Store opened its first premium duty- free store in Gangnam(Trade Centre branch, Nov 2018), the center of luxury beauty and Korean pop culture. In Feb 2020, the second store opened in one of Korea’s most prominent shopping &
Slide 11: DFS Performance
010 DFS Performance Performance (FY22 H1) Despite COVID-19, the market predicted DFS to score BEP in FY22. However, China’s COVID lockdown and local political events caused DFS to Yearly Performance (Unit : KRW bn) raise promotion level for remaining customers in the market. FY22 FY19 FY20 FY21 Q4 Q
Slide 12: Zinus
011 Main products and Specialty Zinus Zinus meets Hyundai Department Store Easy Delivery Easy Assembly Easy Price Zinus meets Hyundai Department Store. Zinus specializes in producing and selling bed mattresses and furniture. Since its first launch of bedding products in 2004, Zinus has grown to be t
Slide 13: Zinus Performance & Business Model
012 Zinus Performance & Business Model Performance (FY22 H1) Business Model Hyundai Department Store in FY22 H1 acquired Zinus , and will be 【 Zinus 】 ZINUS reflected in consolidated IS from FY22 Q3. Zinus sales for FY22 H1 was 555 bn won, which was the new H1 sales amount record. However, the volat
Slide 14: Transition to Holdings Structure: Spin-off
013 Transition to Holdings Structure : Spin-off 014 Spin-off Overview 015 Spin-off Balance Sheet 016 Rationale 017 Vision – Hyundai Department Store 018 Vision – Hyundai DFS 019 Vision – Zinus 020 Vision – Hanmoo Shopping
Slide 15: Spin-off Overview
014 Spin-off Overview Ownership Structure Details
Slide 16: Spin-off Balance Sheet
015 Spin-off Balance Sheet Balance Sheet Before and After (FY22 H1) (Unit : KRW bn)
Slide 17: Rationale: Two-track Growth
016 Rationale Background Intending to make a ESG 경영을 통한 Undervalued transparent governance Cash-generating structure, the Hyundai Hanmoo Shopping 사회적 가치Dept Hyundai 창출 Department Store Group first value not reflected Store resolved the circular Resolve Circular shareholding structure in 2018 Shareho
Slide 18: Vision / Operating Company: Hyundai Department Store
017 Vision / Operating Company : Hyundai Department Store #01 Department Store New generation : New customers, New role, New MD Luxury, Premium, Classic Purchase and Go 40~60’s Female Customers Fashion and Accessories ▲ Club YP(2021~) : Young VIP program for 2030’s Luxury, premium and TRENDY Purchas
Slide 19: Vision / Operating Company: Hyundai DFS
018 Vision / Operating Company : Hyundai DFS #02 Duty Free Store Turnaround is just around the corner Enhance MD power UNWTO(UN World Travel Organization) announced that 2021 global As DFS started business in late 2018 and expanded two new stores in tourism decreased by ▲72% compared to 2019. 2020,
Slide 20: Vision / Operating Company: Zinus
019 Vision / Operating Company : Zinus #03 Zinus All prepared for global expansion In aim to expand retail channel, Zinus plans to enter markets with friendly business environment (Middle income based population, delivery & self install friendly culture) in 2023. → Target geographic location: South
Slide 21: Vision / Holding Company: Hanmoo Shopping
020 Vision / Holding Company : Hanmoo Shopping (Unit : KRW bn) Hanmoo Shopping Cash 400 bn FY21 To expand beyond the traditional department store business model, Hanmoo Shopping aims to utilize 400bn cash and future cash-generating GMV 3,046 ability to operate a distinct business model compared to t
Slide 22: Appendix
021 Appendix 022 Spin-off : Change in Ownership Structure 024 Financial Data (BS, IS, Credit Rating)
Slide 23: Spin Off: Change in Ownership Structure
022 ※ Spin Off : Change in Ownership Structure
Slide 24: Spin Off: Change in Ownership Structure
023 ※ Spin Off : Change in Ownership Structure
Slide 25: Financial Data: Balance Sheet
024 ※ Financial Data : Balance Sheet □ Consolidated Balance Sheet Unit 2019 2020 2021 Unit 2019 2020 2021 ASSET LIABILITY Current Assets bn won 1,365 1,986 1,945 Non-Current Liabilities bn won 1,200 1,398 1,765 Cash and cashable assets bn won 54 35 47 Corporate bond bn won 399 351 650 Short term fin
Slide 26: Financial Data: Income Statement & Credit Ratings
025 ※ Financial Data : Income Statement & Credit Ratings □ Consolidated Profit and Loss □ Credit Rating Unit 2019 2020 2021 2019 2020 2021 Total sales bn won 6,541 6,833 9,122 Korea Investors Service - A1 A1 Net sales bn won 2,199 2,273 3,572 Commercial Korea Ratings A1 - - Paper Cost of sales bn wo
Slide 27: The Hyundai
THE HYUNDAI
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