2002 3 Q Results Sales Profits 2002 3
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2002 3 Q Results
Sales & Profits 2002 3 Q sales was KRW 315 Billion, an increased of 5% Yo. Y. Recurring Profit totalled KRW 37 Billion, an increase of 19. 6% Yo. Y. Sales Profits (KRW bn) 315 299 2002. 3 Q 2001. 3 Q 5% 34% 33% Sales Cosmetics Household Products 66% 2001 3 Q Yo. Y 315 299 5. 1% Operating Profit 37 36 3. 3% Recurring Profit 37 30 19. 6% 67% 2002 3 Q Operating Margin 11. 9% 12. 1% △ 0. 2%p Recurring Margin 11. 6% 10. 2% 1. 4%p
Household Products Strong sales of seasonal gift sets and product mix improvement contributed to steady growth of sales. In result, sales and operating profit were increased by 5% and 18%. Sales/Profit ■ Slow market growth & Increased competition (KRW bn) 29 24 - Intense competition to strengthen market position Operating Profit ■ Strong sales recorded for seasonal gift sets 213 202 - Increase by 25% Yo. Y 5% ■ Product mix improvement - More premium products (‘Elastine’ Shampoo, ‘Clinx’ toothpaste, ‘Say’ soap) Sales 2001 3 Q 2002 3 Q
Cosmetics Sluggish consumer demand & intense competition caused a stagnant market and slowed the market growth. Through introduction of premium brands & penetration into growing markets, we are overcoming the situation. Sales/Profit ◆ Sluggish demand & Intense competition (KRW bn) 12 7 Operating Profit - The World Cup/Flood affected cosmetics consumption ◆ Distribution channel shift 105 103 3% Sales - Market portion of specialty shops/new door to door channels out of total cosmetics market was reduced ◆ Cultivating growing distribution channels - Aggressive penetration into old type door to door/discount stores markets 2001 3 Q 2002 3 Q
Financial Status Debt-to-equity ratio declined to 145% - a decrease by 33% from the end of 2001. B / S Summary Borrowings (KRW bn) 2001 2002 1 H 2002 3 Q Assets 647 674 720 (Current) 233 261 298 ( Fixed ) 414 413 423 Liabilities 414 408 427 (Current) 315 305 371 ( Fixed ) 99 104 55 Equity 233 266 293 (Capital Stocks) 89 89 89 178% 154% 145% Debt to Equity 2001 2002 1 H 2002 3 Q Short-term 27 16 74 Current Maturities 95 95 101 Corporate Bonds 50 50 - Long-term 33 33 32 Total 205 194 207 Net Borrowings 165 2001 147 156 2002 1 H 2002 3 Q
Thank you ! The figures in this presentation are taken from unaudited and non-consolidated financial statements. They are subject to change during the course of review process.
