•

•

HHI

Holdings

27.7

HMD

3.9

KCC

6.8 National

Pension

9.1

Hyundai

Motors

2.9

Asan

Foundation

3.0

Treasury

Stock

0.1 Others

46.5

1973 ~ 2010 2011 ~ 2018

12. 1973 Establishment of Hyundai Shipbuilding & Heavy Industries Co. Ltd.

11. 2000 Selected as a main contractor of the next Korean submarine Builder

02. 2009 Completion of ‘H-Dock’, eligible for 1,000K Ton FPSO construction

04. 2011 Completion of World`s largest Saudi MARAFIQ power plant (2,750 MW)

02. 2014 Delivery of the World`s first LNG-FSRU

04. 1975 Establishment of Hyundai Mipo Dockyard

10. 2004 Launch of World`s first ship built on the ground (105K DWT Crude Oil Carrier)

05. 1989 Delivery of World`s biggest Jack (Exxon, 40,000 Ton)

02. 2015 Completion of the World`s largest Cylindrical FPSO

08. 1999 Listed on Korean Stock Exchange

02. 2001 Completion of the World`s largest deep-sea FPSO(343K Ton)

02. 2002 Separation from Hyundai Group and foundation of HHI Group

12. 2015 Produced Eco-friendly Tier-III engine for the first time in the world

03. 2016 Breakthrough the production of accumulating 10,000 HMSEN Engines

01. 2015 Recognition as the World`s Significant Ship for 32 consecutive yrs.

04. 2017 Business Spin-off

06. 1994 Delivery of Korea`s first LNG Carrier

09. 2010 Surpassed cumulative 2-stroke engine production of 100 mil. BHP

10. 2016 Delivery of MOS type LNG Carrier

03. 2018 Rights Offering

08. 2018 Announcement of Corporate Governance Reform

April 2017

HHI Holdings

HDO HCE HEE HHI

[ Spin-off ]

(*)

(*)

(27.7%)

-

-

3,798 4,344

11,426 14,238 14,574

19,907

29,358

20,773

640

8,545

16,795

11,871

20,948

10,806 12,417

5,914

9,852

13,176

8,706 2,662 1,295

796

2,186 3,987

2,843

2,646

5,054

5,178

5,079

5,494

6,149

10,899

7,261 2,830

711

298

2,000

114

603 595

720

898

1,566

1,880

3,248

4,646

1,452

2,283

3,176

1,858

2,425

1,995

1,860

979

1,001

1,363

845

Shipbuilding Offshore & Industrial Plant Engine Machinery

Cost well exceeding chartered

freight for 15 years+ ships

•

••

•

12.6 24.9

•

•

304

523

268

297

Demand Supply

CNTR

17%

Tanker

29%

LNGC

20%

LPGC

4% Bulnker

7%

Naval

11%

Others

12%

Shipbuilding

52%

Container

28%

Tanker

26%

LNGC

22% LPGC

14%

Bulker

2%

Naval

6% Others

2%

9,003 7,849

9,487 9,766 10,159 9,349

8,736 7,536

4,833 4,680

444

4,061

10,905

6,143

9,512

6,192 5,984

3,877 4,702

6,805

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E)

Sales New Order

P/C

74%

LPGC

6% CNTR

1%

Ro-Ro

6%

Others

13%

Tanker

80% LNGC

14%

LPGC

2%

CNTR

1%

Others

3%

2

2

P/C

55%

LPGC

22%

Ro-Ro

7%

Others

16%

Tanker

61%

Container

2% LNGC

8%

LPGC

10%

PCTC

9% Others

10%

•

•

2017 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Target

# of Ships

48 3 3 1 3 9 1 10 2 32 -

Amount 4,702 213 249 210 251 990 192 1,378 215 3,698 6,805

Tanker

20%

LNGC

39%

LPGC

21%

CNTR

20%

Tanker

17%

LNGC

30% LPGC

8% CNTR

13%

Bulker

8%

Others

24%

•

•

• • • •

•

•

2017 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Target

HMD # 64 5 4 3 7 6 5 12 3 45 -

Amount 2,324 126 143 110 278 214 149 386 110 1,406 3.000

HSHI # 36 7 3 6 9 - 2 2 - 29 -

Amount 2,826 743 194 696 1148 - 357 354 - 3,492 3,371

Tanker

35%

LNGC

27%

LPGC

4%

CNTR

19%

Bulker

10%

Others

5% Tanker

22%

CNTR

26%

LNGC

36%

LPGC

4%

Bulker

5%

Others

7%

P/C

56% CNTR

32%

LPGC

11%

Others

1%

P/C

66% CNTR

11%

LPGC

5%

LEGC

5%

Ro-Ro

6%

Bulker

3%

Others

4%

Fixed

75%

Floating

25%

Offshore &

Engineering

17%

3,423 3,413 3,729

4,373 4,753 4,653 4,467

3,448

2,588

1,173

2352 3069

4480

2072

6503

6005

1572

395 264

1600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E)

Sales New Orders

Fixed Platform

74%

Floaters

26%

# of projects

Major Projects

Platforms 92· SHWE Platform (Daewoo Intl., 2013)· Cla ir R idge Platform (BP, 2016)

Onshore Faci l i ties& Others

16· Gorgon LNG Plant Modules (Chevron, 2016)

Jack-up R ig 2 · MSC Jack-up R ig (A. P. Moller 2004)

FPSO 12· Gol iat FPSO (Eni Norge AS, 2015)· Quad 204 FPSO (BP, 2016)

FPU 5· Moho Bi londo FPU (Total E&P Congo, 2008)

TLP 2 · West Seno TLP (Unocal, 2003)

Semi-SubmersibleDri l l ing R ig

3 · Deepwater Horizon (R&B Falcon, 2000)

35· Offshore Gas Spur Line (PTT PCL, 2011)

Fixed

Floating

Subsea Pipel ines

Type

(As of Aug. 2018, Unit: Mil. USD)

Del iverybas is

Salesbas is

2020(1 PJT)

NASR 2 (ADMA-OPCO) 1,889 414 78.1%

Others 0 130

Total (1 Project) 1,889 544

ExpectedDel ivery

Compet ion

Backlog

Major Project(Owner)

(Mil. USD) 2010 2011 2012 2013 2014 2015 2016 2017 '18.08

Fixed 1,501 2,121 1,621 454 4,406 718 69 72 21

Floaters 1,303 1,819 412 5,735 1,470 657 298 187 -2

Pipeline 252 539 31 292 129 197 28 0 0

Others 13 1 8 22 0 0 0 5 0

Total 3,069 4,480 2,072 6,503 6,005 1,572 395 264 19

Power Plant

16%

Oil & Gas

67%

Plant Equip.

17%

Industrial

Plant 13%

1,898

2,826 2,761

1,480 1,259

2,429

4,174

2,240

1,360 1,001

2,826

2,010

1,014

4,077 4,396

1,256 1,258

316 34

400

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E)

Sales New Orders

Power Plant

45%

Oil & Gas

43%

Plant Equip.

12%

•

Jeddah South (Oct. 2012)

- 3.2 bil. USD / Saudi Electricity Co, - 2,400MW Oil fired Conventional Power Plant

Shuqaiq Power Plant (Aug. 2013)

- 3.3 bil. USD / Saudi Electricity Co. - 2,640MW Oil fired Conventional Power Plant

Clean Fuel Project (Apr. 2014)

- 1.1 bil. USD / Kuwait National Petroleum Company, Kuwait - Upgrade and expansion of Refinery

(As of Aug. 2018, Unit: $mil.)

Deliverybasis

Salesbasis

Shuqaiq SteamPower Plant

SEC(Saudi)

2018(PAC*)

3,261 117 96%

Jazan Refinery& Thermal Project**

Aramco(Saudi)

2018 342 37 89%

Clean Fuel ProjectKNPC

(Kuwait)2018 1,096 14 98%

ZOR Refinery ProjectKNPC

(Kuwait)2019 1,087 525 52%

853 277

6,639 970

* PAC: Provisional Acceptance Certificate

** Jazan Refinery & Thermal Proejct : Constructed by HHI s overseas Corp.

Total (4 PJTs)

Others

Com-pletion

BacklogOwner

(Country)Projects

ExpectedDelivery

(Mil. USD) 2010 2011 2012 2013 2014 2015 2016 2017 '18.08

Power Plant 1,601 9 3,510 4,285 6 5 1 0 0

Oil & Gas 409 1,005 567 111 1,250 1,253 315 34 95

Total 2,010 1,014 4,077 4,396 1,256 1,258 316 34 95

Engine &

Machinery

12%

2,772 2,835 3,096 2,967 2,313 2,110

2,414 2,060

1,197 1,005

1452

2283

3176

1858

2425

1996 1860

979 1001 1363

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E)

Sales New Orders

Large-sized

Engine

64%

Mid-sized Engine

9%

Sternpost

4%

Power Plant

Engine 12%

Environmental

Equip. 5% Others

6%

Large-sized

Engine

62%

Mid-sized Engine

8% Sternpost

6% Power Plant

Engine

6%

Environmental

Equip.

13% Others

5%

2,330.5 -144.0 -6.20% 2,151.4 -116.7 -5.40% 2,701.6 145.6 5.40%

273.2 14.5 5.30% 359.4 63.9 17.80% 819.8 25.3 3.10%

247.8 -17.9 -7.20% 247.5 -22.8 -9.20% 342.0 22.0 6.40%

130.9 7.1 5.40% 102.7 -8.8 -8.60% 186.2 26.3 14.10%

94.6 6.3 6.70% 59.5 2.5 4.10% 62.2 -3.4 -5.50%

47.4 -41.7 - 122.0 -41.9 - 134.0 -67.4 -

3,124.4 -175.7 -5.60% 3,042.5 -123.8 -4.10% 4,245.8 148.4 3.50%

7.1

1,953.5 -121.4 -6.20% 1,837.0 -78.1 -4.30% 2,825.5 67.4 2.40%

624.2 -82.4 -13.20% 636.5 -47.5 -7.50% 732.8 51.6 7.00%

555.8 14.0 2.50% 538.9 17.9 3.30% 690.0 37.9 5.50%

113.6 5.8 5.10% 102.3 5.5 5.40% 90.7 6.4 7.10%

-300.9

연결 별도(현중) 별도(미포) 별도(삼호)

부채 177,282 82,196 14,003 19,545

자본 135,224 117,256 23,084 32,266

비율 131.1% 70.1% 60.7% 60.6%

차입금 45,377 28,875 3,850 6,988

현금 43,533 29,889 4,337 6,467

순차입금 1,844 1,014- 487- 521

비율 1.4% -0.9% -2.1% 1.6%

연결

3,124.4 2.7% -26.4% 3,042.5 4,245.8

3,082.8 2.1% -17.8% 3,018.3 3,751.1

41.6 71.9% -91.6% 24.2 494.7

-175.7 Loss

Increase Turned

Loss-making -123.8 148.4

-5.6% -1.5%p -9.1%p -4.1% 3.5%

-125.2 - - -75.2 147.4

-300.9 - - -199.0 295.8

-67.2 - - -66.9 113.0

-233.7 Loss

Increase Turned

Loss-making -132.1 182.8

547.7 0.4% -20.9% 545.4 692.3

507.1 1.9% -18.5% 497.8 622.2

40.6 -14.7% -42.1% 47.6 70.1

18.7 -18.7% -57.9% 23.0 44.4

3.4% -0.8%p -3.0%p 4.2% 6.4%

-80.2 - - 92.0 301.6

-61.5 - - 115.0 346.0

-10.8 - - 27.6 83.5

-50.7 Turned

Loss-making Turned

Loss-making 87.4 262.5

7,725.9 6,776.2 6,546.3

473.5 562.2 804.4

6,301.3 5,080.5 -

1,804.6 1,543.2 2,680.0

7,045.0 5,904.7 5,471.8

456.4 462.4 2,870.2

5,734.6 4,498.9 -

63.9 75.6 1,496.1

- - 464.1

100.0 100.0 1,00.0

271.0 397.9 762.8

1,929.1 1,718.8 1,279.7

121.5 122.4 115.9

4,375 43.0% 22,421 11,938 1.5

3,483 51.2% 12,171 8,607 1.8

2 0.1% 1,889 584 0.5

86 21.5% 6,631 1,017 1.0

533 39.1% 1,730 1,730 1.7

1,406 46.9% 4,334 3,148 1.1

3,492 103.6% 6,873 5,405 2.1

9,273 56.1% 33,628 20,491 1.5

8,383 63.6% 25,267 21,075 2.1