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Samsung Electronics Samsung Electronics September September , 2001 , 2001

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Samsung ElectronicsSamsung Electronics

SeptemberSeptember, 2001, 2001

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Company Overview

Divisional Highlights

ContentsContents

Q2 2001 Results

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Company OverviewCompany Overview

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Vice Chairman & CEO (Yun, Jong Yong)Vice Chairman & CEO (Yun, Jong Yong)

▶ CFO (Choi, Doh Seok)CTO (Yun, Jong Yong) ◀

Organizational StructureOrganizational Structure

SemiconductorSemiconductorLee, Yoon WooLee, Yoon Woo

▶ ▶ MemoryMemory ▶ ▶ System LSISystem LSI ▶ ▶ TFT LCDTFT LCD

Info. & CommInfo. & CommLee, Ki TaeLee, Ki Tae

▶ ▶ HandsetsHandsets ▶ ▶ NetworkNetwork ▶ ▶ Fiber OpticsFiber Optics

Digital Media Sys.Digital Media Sys.Chin, DaejeChin, Daeje

▶ ▶ MonitorMonitor ▶ ▶ PC / PC PeripheralsPC / PC Peripherals ▶ ▶ DTV / DVDPDTV / DVDP

Living AppliancesLiving AppliancesHan, Yong OeHan, Yong Oe

▶ ▶ Microwave OvenMicrowave Oven ▶ ▶ RefrigeratorRefrigerator ▶ ▶ Air ConditionerAir Conditioner

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Global Market Share

No. 126 %26 %• CDMA Handsets

No. 1No. 1

21 %21 %23 %23 %

• DRAM• SRAM

No. 121 %21 %• TFT - LCD

Telecommunication

Semiconductor

No. 1No. 215 %15 %

19 %19 %• Color Monitor• ODD• DVDP

No. 123 %23 %• Microwave Oven

Digital Media

Home Appliances

14 %14 % No. 3

Leading Products (’00)Leading Products (’00)

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Q2 2001 ResultsQ2 2001 Results

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Sales by Quarter Operating Incomes by Quarter

Revenue and EarningsRevenue and Earnings

Digital MediaTelecommunicationSemiconductor Home Appliances

0

2

4

6

8

10

Q3 '00 Q4 '00 Q1 '01 Q2 '01

Trill i

on W

o n

0.0

0.5

1.0

1.5

2.0

2.5

Q3 '00 Q4 '00 Q1 '01 Q2 '01Tr

ill ion

Wo n

8.8 9.1 8.6 8.02.2

1.5 1.6

0.6

43% 36% 35% 27%

19% 23% 22%29%

89%88%

64%

43%

8%

14%14%

50%

31% 35% 34% 27%

7% 9%17%

2%

14%

8%

9%

6%

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Revenue and EarningsRevenue and Earnings

Our Well-Balanced Business Portfolio is Paying-off

0

2

4

6

8

10

Q3 '00 Q4 '00 Q1 '01 Q2 '01

Sales by Quarter Operating Incomes by Quarter

Trill i

on W

o n

0.0

0.5

1.0

1.5

2.0

2.5

Q3 '00 Q4 '00 Q1 '01 Q2 '01Tr

ill ion

Wo n

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11H ’01H ’01 20002000 19991999

Net Debt / EquityNet Debt / Equity 10%10% 9%9% 32%32%Debt / CapitalizationDebt / Capitalization 16%16% 20%20% 30%30%Coverage Ratio*Coverage Ratio* 94x94x 56x56x 14x14x

ROE**ROE** 24%24% 41%41% 31%31%

Profitability (Net Income / Sales)Profitability (Net Income / Sales) 0.130.13 0.180.18 0.120.12Asset Turnover (Sales / Asset)Asset Turnover (Sales / Asset) 1.231.23 1.331.33 1.151.15Leverage (Asset / Equity)Leverage (Asset / Equity) 1.561.56 1.751.75 2.242.24

* Coverage Ratio = EBITDA / Net Interest Expense. ** Annualized for 1H ’01

Financial AnalysisFinancial Analysis

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Net Income 2.1Depreciation 1.5Sale of Marketable Securities 0.5Others 0.7

Total 4.8

(Unit: Trillion, KRW)

Source of Fund Use of Fund

Capex 3.0Increase in W/C 0.7Debt Redemption 0.4Dividend 0.4Others 0.7

Total 5.2

Cash Balance

Beginning : 1.9 Net decrease : 0.4 End : 1.5

※ Cash Balance = Cash&Cash Equivalent + Short-term Financial Instrument

Cash Flow of 1H 2001Cash Flow of 1H 2001

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Revised CAPEX for 2001Revised CAPEX for 2001

0

1

2

3

4

5

6

7

8

Original 1st Revision 2nd Revision

Semiconductor

Telecommunication

Others

7.3

6.1

5.1

(Unit : Trillion, KRW)

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CAPEX Plan - CAPEX Plan - EBITDA vs. CAPEXEBITDA vs. CAPEX

EBITDA has been always larger than CAPEX

(Unit : Trillion, KRW)

0

2

4

6

8

10

12

1997 1998 1999 2000

EBITDACAPEX

4.3

2.5

4.3

1.6

7.2

3.4

10.1

5.2

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Divisional HighlightsDivisional Highlights

- Semiconductor Division- Semiconductor Division

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DRAM Demand and SupplyDRAM Demand and Supply

800

900

1000

1100

1200

1300

1400

1500

1600

1700

Q1 '01 Q2 '01 Q3 '01 Q4 '01 Q1 '02-6%

-4%

-2%

0%

2%

4%

6%

8%

Demand

Supply

Sufficiencyrate

( Unit : Million )

( Source : Company Data )

• Balance is delayed by one quarter : Q3 ’01 Q4 ’01

• Expected demand drivers-XP, Brookdale, New applications (S-T Box, 3G Handsets, Game machines)

Original Forecast

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DRAM Demand and SupplyDRAM Demand and Supply

800

900

1000

1100

1200

1300

1400

1500

1600

Q1 '01 Q2 '01 Q3 '01 Q4 '01 Q1 '02-6%

-4%

-2%

0%

2%

4%

6%

8%

Demand

Supply

Sufficiencyrate

( Unit : Million )

( Source : Company Data )

• Balance is delayed by one quarter : Q3 ’01 Q4 ’01

• Expected demand drivers-XP, Brookdale, New applications (S-T Box, 3G Handsets, Game machines)

Revised Forecast

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• Demand and Supply- Oversupply of 10% for ’01 but expects shortage from Q3 ’02

Outlook for TFT-LCD MarketOutlook for TFT-LCD Market

( Source : Company Data )25

20

15

10

5

(Un i

t : B

r illio

n, U

n its

)

15%

10%

5%

0%

-5%

-10%

Q1 ’01

Q2 ’01

Q3 ’01

Q4 ’01

Q1 ’02

Q2 ’02

Q3 ’02

Q3 ’02

Q1 ’03

Q2 ’03

Q3 ’03

Q4 ’03

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• Flexible product mix- Monitor portion : 17% in 2000 37% in 2001- Niche market (Small size LTPS for HHP, PDA) : 1M in 2001

• Continual cost reduction - Number of components : 120 ~ 150 vs. SEC under 100- Mask steps : 5 ~ 6 vs. SEC 4 ~ 5- Mother glass size : 680 x 880 vs. SEC 730 x 920

Competitiveness Competitiveness

Mother GlassMother Glass 730x920730x920 680x880680x880PanelPanel (Samsung)(Samsung) (Others)(Others)

14”14” 9 panels9 panels 6 panels6 panels

15”15” 6 panels6 panels 6 panels6 panels

17”17” 6 panels6 panels 4 panels4 panels

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Divisional HighlightsDivisional Highlights

- Telecommunication Division- Telecommunication Division

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Revised Forecast(July ’01)

Previous Forecast(March ’01)

480 M units

Global Handset MarketGlobal Handset Market• Revised global handset shipment in 2001Revised global handset shipment in 2001

- Global economy slowdown, Lack of new applications and contents, Reduction of handset subsidies

Asia23%

Americas25%

Europe38%

China14%

410 M units

Asia25%

Americas24%

Europe36%

China16%

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1H 2001

12.5million units

CDMA53%

GSM47%

Achievements in 1HAchievements in 1H

• Outstanding sales in the midst of deteriorating marketOutstanding sales in the midst of deteriorating market

- Sustain ASP by targeting mid to high-end segment

- Timely introduction of new models

- Domestic sales growth of cdma2000 1x handset

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2001(F)

28million units

CDMA55%

GSM43%

Business OutlookBusiness Outlook

• Expect continuous Expect continuous ggrowthrowth in 2H ’01 in 2H ’01

- Increasing adoption rate of 1x handset in domestic market

- Explore new business opportunities with new service providers

“Maintain original target sales of 28M units”

TDMATDMA2%2%

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• Recent achievements in 1H ’01Recent achievements in 1H ’01- Strong presence in 1x system marketStrong presence in 1x system market- CDMA contracts in China and Puerto Rico CDMA contracts in China and Puerto Rico

• 2H ’01 Outlook2H ’01 Outlook- Domestic: 2.5G System expansion and upgrade to 1x EV-DODomestic: 2.5G System expansion and upgrade to 1x EV-DO

- Overseas: Increasing adoption of CDMA technologyOverseas: Increasing adoption of CDMA technology

* China, Japan, Brazil, India, Israel, etc.* China, Japan, Brazil, India, Israel, etc.

““Current macro environment remains challenging”Current macro environment remains challenging”

Wireless systemsWireless systems

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Divisional HighlightsDivisional Highlights

- Digital Media Division- Digital Media Division

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Global Market Share Trends

Rank M / S

1 15%

2 12%

6 13%

5 8%

3 12%

Product 1999 2000 2001 (F)

Digital MediaDigital Media

Rank M / S

1 19%

2 15%

3 16%

4 9%

2 15%

Rank M / S

1 19%

2 14%

2 15%

3 9%

1 16%

Monitors

ODD

DVD Players

Color TVs

VCRs

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Network Network ConvergenceConvergence

• BBroadcasting STBroadcasting STB• Home GatewayHome Gateway

• PDAPDA• Web PAD Web PAD

NewNewBusinessBusiness

Networking Solutions

Establishing global competition Extend P2P connectivity

• PCPC• ServerServer• PrinterPrinter• MonitorMonitor• ODDODD

ComputingComputing

Home solution based on DTV

A/VA/VConsumerConsumer

• DTVDTV• DVDPDVDP• CDPCDP• VCRVCR• DVCDVC• MP3MP3

Convergence VisionConvergence Vision

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THANK YOUTHANK YOU