Slide 1: Earnings Presentation: 2Q 2024 Financial Results
Investor Relations Earnings Presentation: 2Q 2024 Financial Results 2024.7.24
Slide 2: 2Q, 2024 Financial Results Summary
2Q, 2024 Financial Results Summary (Wbn, %) Sales New Orders Backlog Net Debt Sales increment and enhances Approximately 16.1 billion Increase in order backlog due to Total debt of 91.7 billion won, operating margin based on high increase by compared to the new orders and exchange rate and 123 billi
Slide 3: Income Statement
Income Statement ✓ Sales : 286.5bn KRW ✓ Operating Profit : 18.6bn KRW (Wbn) 구분 ‘24.2Q ‘23.2Q YoY ‘24.1Q QoQ Key Features 1 (Wbn) Sales 287 189 97 293 -7 1 Sales +51.5% YoY COGS(%) (90.5%) (93.9%) (-3.3%p) (90.1%) (+0.5%p) 278 293 287 Gross Profit 27 12 16 29 -2 199 189 188 Non-Marine Engine SG&A 9
Slide 4: Sales
Sales ✓ ‘24 2Q Sales W287bn (’24 1H total sales : W580bn) ✓ Improved sales and operating profit in ’24 2Q by significantly reducing low profit engine orders and delivering high profit orders contracted in 2022 quarterly Sales & OP Margin Sales Breakdown (Wbn) (Wbn) 278 293 287 • Increased engine sal
Slide 5: New Orders
New Orders ✓ 2Q New Orders: W422bn ✓ Sales of DF engine* accounts for 73% in 2Q 2024 of new orders contracted in 2024, LNG carrier accounts for 69%, and ✓ diesel engine orders PJT profitability diesel engine orders has risen as high as DF engine Quarterly New Orders Proportion of DF engine Orders (W
Slide 6: Backlog
Backlog ✓ Backlog: W2,806bn, Marine Engine takes for 96% of Hanwha Engine orderbook Backlog Breakdown (Wbn, %) 2,695 2,695 SCR 4% Tanker 13% China 28% Container 30% Marine W2,806bn Engine Marine Engine (2024.06.30) 96.0% (W2,695bn) SHI/HO 72% 57% LNG By Ship-type By Customer Confidential | 6
Slide 7: Balance Sheet
Balance Sheet ✓ Net Debt : -W32bn, ✓ Net Debt ratio 257% ✓ By capital injection from Hanwha and advances receipt from shipbuilding, Net debt turns into net cash in 2024 (Wbn) ’23.12 ’24.2Q +/- Current Assets 656 700 44 Non-current Assets 481 520 39 Interest-bearing Debt Total Assets 1137 1,220 83 (W