Nexen Tire Corp · KRX:002350
Nexen Tire — Q4 2025 Earnings Presentation
29 slides from Nexen Tire's earnings presentation, Mar 18, 2026
Slide 1: IR Presentation Q4 2025 Earnings Release
IR PRESENTATION Q4 2025 Earnings Release (Reflected the results of external audit) March 18, 2026
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: FY2025 Highlights
Business Highlights Financial Results Business Performance Market Status Appendix FY2025 Highlights Global Market Status Financial Results New Car Sales OE RE Revenue EBITDA ≥18 inch +4% +2% +1% KRW 3.2tn KRW 469bn (YoY) (YoY) (YoY) (EBITDA margin 38.3% (YoY +12%) 14.7%) Hybrid-driven Continued grow
Slide 5: Financial Results
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 6: FY2025 Financial Results
Business Highlights Financial Results Business Performance Market Status Appendix FY2025 Financial Results • Stable ramp-up of Phase2 expansion at the European plant, leading to annual revenue exceeding KRW 3 trillion for the first time • Profitability pressure largely mitigated through improved pro
Slide 7: Q4 2025 Financial Results
Business Highlights Financial Results Business Performance Market Status Appendix Q4 2025 Financial Results • YoY revenue growth driven by higher sales of high value-added products(18 inch ↑ and all-weather tires) and new product launches / Changes in accounting treatment for the domestic rental seg
Slide 8: Revenue by Region (1) Europe
Business Highlights Financial Results Business Performance Market Status Appendix Revenue by Region (1) Europe Annual Market Status (Q4 2025) (bn KRW) 25.8% 26.5% (OE) Market contraction driven by weak new car sales 21.1% 21.9% 17.9% (RE) Preemptive exports of Chinese products ahead of anti- 1,3
Slide 9: Revenue by Region (2) North America
Business Highlights Financial Results Business Performance Market Status Appendix Revenue by Region (2) North America Annual Market Status (Q4 2025) (bn KRW) 50.9% 48.0% 48.7% 47.6% 48.9% (OE) New car market realignment following EV tax credit expiration 722 706 (RE) Stable import from low-cost
Slide 10: Revenue by Region (3) Korea
Business Highlights Financial Results Business Performance Market Status Appendix Revenue by Region (3) Korea Annual Market Status (Q4 2025) (bn KRW) 53.4% (OE) Impact on domestic new vehicle production from increased 44.9% sales of imported premium brands and Chinese EVs 38.1% 616 31.5% 33.0% (
Slide 11: Revenue by Region (4) Others
Business Highlights Financial Results Business Performance Market Status Appendix Revenue by Region (4) Others Annual Market Status (Q4 2025) (bn KRW) 34.4% 29.7% 30.7% 30.2% (OE) Market growth slowdown: saturated new car demand in 28.7% China and high interest rates in Latin America 496 547 522 5
Slide 12: Business Performance
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix Future-oriented Concept Tire, NEXIST Solutions for future cities, anticipating reduced road space Designed for fully autonomous UAM(Urban Air Mobility) with vertical take-off capabilities Lightweight performa
Slide 13: FY2026 Guidance
Business Highlights Financial Results Business Performance Market Status Appendix FY2026 Guidance • In 2025, the Company focused on proactive measures to address trade-related volatility and on strengthening its core business competitiveness • 2026 guidance reflects the outcomes of the 2025 initiati
Slide 14: Key Business Strategies
Business Highlights Financial Results Business Performance Market Status Appendix Key Business Strategies • Leveraging development & production growth base to enhance sales capabilities and drive qualitative growth • Translate product competitiveness and premium OE performance into RE brand value an
Slide 15: OE-to-RE
Business Highlights Financial Results Business Performance Market Status Appendix OE-to-RE • Link OE supply achievements to RE sales through the RE launch of OE products certified by global OEMs • Capture replacement tire demand for imported cars with N’FERA Sport, installed on premium vehicles (Sum
Slide 16: Response to Premium Market Needs
Business Highlights Financial Results Business Performance Market Status Appendix Response to Premium Market Needs • Premium tire sales expanding, driven by rising global EV penetration and growing high-value product demand • Demonstrating EV tire technology based on OE achievements, with product in
Slide 17: 2025 New OE Supply
Business Highlights Financial Results Business Performance Market Status Appendix 2025 New OE Supply • Ongoing expansion of new OE supply, including premium and electric vehicles, with a total of 24 models in 2025 • New supply models in Q4: GLC EQ (Mercedes-Benz), iX2 (BMW), X2 (BMW), COUNTRYMAN (MI
Slide 18: Validation of Quality and Technology
Business Highlights Financial Results Business Performance Market Status Appendix Validation of Quality and Technology • Received award at the U.S. SEMA Show(1) and ‘Good’ rating in AUTOBILD Allrad tire test • Production innovation: full-process logistics automation, automated product inspection usi
Slide 19: Market Status
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 20: Global Tire Market
Business Highlights Financial Results Business Performance Market Status Appendix Global Tire Market (OE) • In 2025, the global market records modest growth, supported by China, while growth slows and demand volatility increases in N.A. and Europe • Tire R&D innovation expected in 2026 with major gl
Slide 21: Raw Materials
Business Highlights Financial Results Business Performance Market Status Appendix Raw Materials • In 2025, rubber prices stabilized amid global demand weakness following U.S. tariff • Natural rubber supply remains constrained due to reduced planting areas and adverse weather, while moderate demand s
Slide 22: Maritime Logistics
하이라이트 경영 실적 경영 현황 시장 동향 참고 자료 Maritime Logistics • In 2025, SCFI fluctuated due to cargo volume changes linked to U.S. tariff policies, yet recorded the lowest volatility in recent years • Ongoing demand slowdown with 2026 uncertainties, including Suez Canal reopening and U.S.–China reciprocal port
Slide 23: Appendix
1 Business Highlights 2 Financial Results 3 Business Performance 4 Market Status # Appendix
Slide 24: 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 25: ESG
Business Highlights Financial Results Business Performance Market Status Appendix ESG • 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 Initia
Slide 26: 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 27: Consolidated Income Statement (Quarterly)
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Income Statement (Quarterly) (bn KRW) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Revenue 697.6 771.2 804.7 780.7 833.1 COGS 516.9 569.6 589.7 557.5 599.7 (%) 74.1% 73.9% 73.3% 71.4% 72.0% Gross Profit 180.7 2
Slide 28: Consolidated Balance Sheet
Business Highlights Financial Results Business Performance Market Status Appendix Consolidated Balance Sheet (bn KRW) 2022 2023 2024 2025 Assets 3,944.3 4,232.7 4,574.5 4,709.5 Cash Equivalents(1) 452.4 451.6 336.8 355.1 Account Receivable 382.2 439.2 524.8 706.4 Inventories 649.2 640.8 894.0 865.9
Slide 29: Thank you
jeai NEXEN TIRE