Nexen Tire Corp · KRX:002350
Nexen Tire — Q2 2026 Earnings Presentation
24 slides from Nexen Tire's earnings presentation, Aug 21, 2026
Slide 1: IR Presentation: Q2 2026 Earnings Release
IR PRESENTATION Q2 2026 Earnings Release (Reflected the results of external audit) August 21, 2026 2026년 7월 29일 Warehouse at the Žatec Manufacturing Plant, Czech Republic
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: 2Q 2026 Highlights
Business Highlights Financial Results Business Performance Market Status Appendix 2Q 2026 Highlights Global Market Status Financial Results New Car Sales OE RE Revenue OP 18"↑ -4% -4% 0% KRW 891bn KRW 34.3bn 38.8% (2Q YoY) (6M YTD) (6M YTD) (YoY +11%) (OPM 3.9%) (YoY +3.6%p) Growing impact of Ongoin
Slide 5: Financial Results
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 6: 2Q 2026 Financial Results
Business Highlights Financial Results Business Performance Market Status Appendix 2Q 2026 Financial Results • Continued top-line growth supported by sales volume growth and strong sales across key markets, particularly in Europe and Korea, as well as APAC and LATAM. • Increased raw material and ocea
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) Strong sales of key OE vehicle models for ▪ (OE) Resilient sales driven by pickup trucks and SUVs despite automakers including Stellantis and Audi weaker North Americ
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 of for EVs and SUVs despite OEM ▪ (OE) First OE supply to BYD and resilient supply to major production disruptions OEMs ▪ (RE) Sales growth and improved product
Slide 9: Earnings Results
Business Highlights Financial Results Business Performance Market Status Appendix Earnings Results Operating Profit Net Profit ▪ Higher cost of sales driven by rising raw material and ▪ Lower non-operating profit due to reduced gains on financial freight costs following the Middle East conflict asse
Slide 10: Business Performance
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 11: 2Q 2026 New OE Supply
Business Highlights Financial Results Business Performance Market Status Appendix 2Q 2026 New OE Supply • Achieved first OE supply to BYD, expanding collaboration with global OEMs based on a proven EV supply track record • Continued OE supply to premium OEMs, including BMW and Audi, demonstrating te
Slide 12: Global Market Strategy
Business Highlights Financial Results Business Performance Market Status Appendix Global Market Strategy • Growing importance of strategic decisions on production footprint, production volume and pricing amid continued expansion of global trade protectionism and tightening trade regulations • Contin
Slide 13: Key Growth Strategies for North America
Business Highlights Financial Results Business Performance Market Status Appendix Key Growth Strategies for North America • Negative impact on North American performance due to combined effects of external factors, including weakened consumer sentiment and inventory build-up in low-cost distribution
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) Continued contraction in the global OE market amid declining new vehicle sales. Growth slowed in North America as the average vehicle age reached a record high, while increased EV sales in Eur
Slide 16: Raw Materials
Business Highlights Financial Results Business Performance Market Status Appendix Raw Materials • Increased volatility across rubber prices amid surging oil prices driven by heightened geopolitical risks in the Middle East during Q2 • Despite the recent decline in oil prices, renewed geopolitical ri
Slide 17: Maritime Logistics
Business Highlights Financial Results Business Performance Market Status Appendix Maritime Logistics • SCFI surpassed 3,000 points for the first time in approximately 25 months since the Red Sea crisis-driven freight rate surge • Freight rate volatility is expected to remain elevated in H2 due to re
Slide 18: Appendix
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
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 AI/ML-driven productivity improvements at existing plants • Optimizing operations across 4 global plants with a 48
Slide 20: ESG
Business Highlights Financial Results Business Performance Market Status Appendix ESG • 2024-2025, 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 I
Slide 21: Consolidated Income Statement (Quarterly)
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Income Statement (Quarterly) (bn KRW) 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Revenue 804.7 780.7 833.1 838.3 891.3 COGS 589.7 557.5 599.7 591.8 645.5 (%) 73.3% 71.4% 72.0% 70.6% 72.4% Gross Profit 214.9 2
Slide 22: 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 23: Consolidated Balance Sheet
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Balance Sheet (bn KRW) 2023 2024 2025 June 2026 Assets 4,232.7 4,574.5 4,709.5 5,017.1 Cash Equivalents(1) 451.6 336.8 355.1 367.1 Account Receivable 439.2 524.8 706.4 883.1 Inventories 640.8 894.0 865.9 8
Slide 24: Thank you
Thank you jeai NEXEN TIRE