Korea Electric Power Corporation · KRX:015760
Korea Electric Power — Q2 2026 Earnings Presentation
30 slides from Korea Electric Power's earnings presentation, Aug 12, 2026
Slide 1: Investor Presentation Q2 2026
Investor Presentation Q2 2026 a —@ ae)
Slide 2: Disclaimer
Disclaimer This presentation material is being presented to you solely for your information and may not be taken away by you and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. This presentation materi
Slide 3: Table of Contents
Table of Contents Company Overview 4 Roadmap to Net Zero 9 Business & Operation 16 Financials 21 Appendix 26
Slide 4: 01
01
Slide 5: Key Stats
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Key Stats Total assets KRW 262.6 trillion Revenue 51% owned by the Korean In accordance with the Promote power infrastructure for KRW 46.3 trillion government KEPCO Act stable electricity Sales of electricity KRW 44.0 tril
Slide 6: Shareholding Structure
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Shareholding Structure (as of Jun 30, 2026) Employee Stock KEPCO Act Ownership, 1.3% Public, 40.7% The National Act on the Management of Electricity Business Act Pension Fund, 6.9% Public Institutions Power Supply and Dema
Slide 7: Ratings on Par with Korean Sovereign
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Ratings on Par with Korean Sovereign (Stable) (Stable) (Stable) Moody’s S&P “The very high support assessment for KEPCO reflects its essential public policy role, its strategic importance in supplying power as the country'
Slide 8: Korean Government ownership and group structure
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Korean Government (51%) Transmission 2Q 2026 Consolidated & Total assets: KRW262.6tn Total revenue: KRW46.3tn distribution 2Q 2026 Separate Total assets: KRW146.7tn Total revenue: KRW45.0tn (100%) (100%) (100%) (100%) (100
Slide 9: Roadmap to Net Zero
0 02 Roadmap to Net Zero
Slide 10: 2050 Net Zero Roadmap
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix 2050 Net Zero Roadmap Korea’s Carbon Emission Reduction Plan Key Net Zero Strategies (in mil ton CO2eq) Energy Energy Renewable 742 53~61% reduction Transformation Efficiency Energy Expansion by 2035 ▪ Shut down of aged co
Slide 11: Basic Policy Electric Power Supply Plan
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Basic Policy Electric Power Supply Plan ▪ Stably respond to the increasing power demand from emerging sectors such as AI and semiconductors Newly Required Target Capacity Confirmed Capacity ▪ Harmoniously utilize various c
Slide 12: Nationwide Capacity Outlook
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Nationwide Capacity Outlook *(α): Detailed construction plan and investment type is to be determined (Unit : MW) Current Capacity Net Increase Future Capacity Dec 31, 2025 % 2026 2027 2028-2030 2031-2038 Total End of 2038
Slide 13: ZERO For Green
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix ZERO For Green Zero Emission Reliable Energy On Time ◼ Abort coal-based generation by 2050 ◼ Improve efficiency of electricity grid ◼ Secure key technologies in a timely manner network ◼ Expansion of offshore windpower , s
Slide 14: 52 Units of Coal Plants
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Timeline and Targets Offshore Coal Projects ▪ No Additional Coal Project (Announced Oct.2020) Achieve 11 Units (reduced capacity 3.8GW) ▪ Exit Coal in Multiple Stages ment units of원자력 Coal 및 수력 abolished since 2017 Plants
Slide 15: Structure Overview
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Structure Overview ESG Governance Board of Directors ▪ Strengthen ESG management ▪ Conduct ethical management and enhance anti-corruption system ESG Committee ESG Advisory Committee ▪ Establish cooperative relationship (Es
Slide 16: Business & Operation
03 Business & Operation
Slide 17: Historical Power Sales Growth
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Historical Power Sales Growth Power sales volume(TWh) Power sales growth(%) GDP growth(%) 546 550 549 526 533 548 508 520 509 478 484 497 467 475 4.7 3.0 3.3 3.1 3.0 2.7 2.5 2.6 2.7 2.0 2.0 267 4.0 1.4 3.6 1.0 2.8 2.3 2.6
Slide 18: Unit Price (Sales / Purchase)
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Unit Price (Sales / Purchase) Unit Sales Price (KRW/kWh) Unit Purchase Price (KRW/kWh) 182 176 176 180 174 177 174 175 175 175 172 172 172 174 166 165 159 162 159 157 161 159 160 160 150 151 153 164 156 155 142 139 141 138
Slide 19: Generation Mix
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Generation Mix Capacity Mix KEPCO Group Nationwide KEPCO Group Nationwide 11% 11% 12% 27% 19% 21% 22% 29% 29% 32% 29% 29% 31% 38% 53% 24% 43% 38% 38% 29% 26% 26% 43% 31% 17% 16% 55% 46% 34% 29% 18% 27% 31% 31% 32% 23% 28%
Slide 20: 31 projects in 12 countries
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Jordan UAE China United States Fujeij Wind 89MW Barakah 5,600MW Shanxi 1 8,150MW California Photovoltaic 235MW Al-Qatrana 373MW Shuweihat 1,600MW Shanxi Photovoltaic etc 1,592MW Guam Photovoltaic 60MW Amman 573MW HVDC Subm
Slide 21: AI-Focused Strategy
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix KEPCO with new energy technologies DC Distribution SEDA ADMS IDPP ESS Substation Equipment Next Generation Advanced Distribution Intelligent Digital Energy Storage Diagnosic & Analysis DC Power Grid Management System Power
Slide 22: Financials
04 Financials
Slide 23: Earnings Summary
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Earnings Summary Consolidated Separate KRW tn KRW tn KRW tn KRW tn KRW tn KRW tn (YoY +0.3%) (YoY +2.8%) (YoY -976.8bn) (YoY -1.0%) (YoY +0.6%) (YoY -734.7bn) Major Factors Consolidated 0.2% unit sales price increase, ❶ Sa
Slide 24: Capital Structure
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Capital Structure (Jun 30, 2026) Debt Ratio & Interest Rate (Unit : KRW tn) Interest bearing debt to equity ratio(Consolidated) Other liabilities Average interest rate(KEPCO and 6 GENCOs) Other liabilities Equity 77.4 33.5
Slide 25: KEPCO Group's Capital Expenditure
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix KEPCO Group’s Capital Expenditure (KEPCO and 6 GENCOs) Others(IT/intangibles) (KRW bn) 1H 2026 Expenditure New&Renewable 23,127 Total KRW 10.7tn Thermal(Coal&LNG) 1,547 Nuclear 963 T&D 18,689 ▪ Construction KRW 3,364bn 1,0
Slide 26: Operating Profit Margin and Net Profit Margin
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Operating Profit Margin and Net Profit Margin Return on Equity (ROE) Net Profit Margin Operating Profit Margin 13.9% 7.0% 9.0% 20.0% 19.4% 60% -5.2% 20% 9.2% -9.6% 2.9% -8.0% 8.8% 20% -20.0% 3.7% -20% -12.6% 3.4% -20% -45.
Slide 27: Appendix
8 : S 05 Appendix
Slide 28: Listing Status
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Listing Status Issued shares ▪ 641,964,077 common shares Shareholder Korean Government 18.2 % ▪ Korea Exchange (KRX) Korea Development Bank 32.9 % Underlying shares ▪ Listed in August 1989, Ticker 015760 Foreigners (Underl
Slide 29: Consolidated Separate
Company Overview Roadmap to Net Zero Business & Operation Financials Appendix Consolidated Separate (KRW bn, %) ’25.1~6 ’26.1~6 YoY (KRW bn, %) ’25.1~6 ’26.1~6 YoY 1. Revenue 46,174 46,317 0.3 1. Revenue 45,462 44,996 -1.0 Sales of electricity 44,157 43,964 -0.4 Sales of electricity 44,755 44,307 -1
Slide 30: Global Energy & Solutions Leader
Global Energy & Solutions Leader