HYUNDAI MIPO DOCKYARD 2011 10 Investor Relations Contents

HYUNDAI MIPO DOCKYARD 2011. 10 Investor Relations

Contents , m 1. Overview 2. Financial Performance 3. Business Performance 4. Current Issues

1. Overview

Company Profile (2011. 9. 30) Company Data Shareholder Structure 1. 77% Establishment - 1975. 4. 28 Initial Share Listing Employees - 2. 05% 13. 48% 1983. 12. 20 3, 610 (As of Dec 2010) Common Stock - 100 Billion won (20 Million Shares) Main Product - PC, CONT, PCTC, RO-RO, LPG, BC, AC, Etc. 10. 93% 46. 02% 25. 75% 1

Business Structure Shipbuilding Record Main Product Carriers (Chemical Tankers) Major Client (As of April 2011) The number of Delivered Vessels DWT SCORPIO 353 14, 736, 887 Container ships E. R. SCHIFFAHRT 80 3, 371, 911 Bulk Carriers (B/C) E. R. SCHIFFAHRT 18 810, 807 ELETSON HOLDINGS INC. 15 365, 702 NEPTUNE LINE 10 129, 040 ISLAMIC 6 137, 724 GRIMALDI GROUP - NAPOLI 4 43, 200 GRIEG, etc. 24 634, 258 LPG Carriers Pure Car Truck Carriers (PCTC) Multi Purpose Carriers Ro-Ro Ships Special Type of Vessels (Drill Ship, Cable Layer, Power Plant Barge, General Cargo, Con-Ro, Ferry, FPSO, etc. ) 2

Group Structure (As of September 2011) 46. 02% 3

2. Financial Performance

Financial Highlights (Yearly) Sales (Unit: Billions of KRW) Operating Margin/ Profit Ratio (Unit: Billions of KRW) Net Income before Income Tax Expenses Debt-to-Equity & Liabilities-to-Equity Ratio (Unit: Billions of KRW) 4

Financial Highlights (Quarterly) Operating Margin/ Profit Ratio Sales (Unit: Billions of KRW) Net Income before Income Tax Expenses Debt-to-Equity & Liabilities-to-Equity Ratio (Unit: Billions of KRW) 5

Sales & Operating Income (Unit: Billions of KRW) Accounts 2008 Yo. Y 3, 710 3, 805 0. 78% 547 387 537 41. 3% 14. 62% 10. 43% 14. 11% 46 113 179 -59. 29% Net interest income 33 38 129 -13. 16% Net Equity Method gain 33 17 24 94. 12% 454 379 519 19. 79% 12. 14% 10. 22% Sales Operating Income % 　 Net Non-operating Income Net Income % 2010 (A) 2009(B) 3, 739 　 　 6

Capital Structure (Unit: Billions of KRW) Accounts 2010 2009 Yo. Y 7

3. Business Performance

Business Highlights HMD New orders & Backlogs Global Shipbuilding Demand * Source : Clarkson Research Studies New building Price * Source : Clarkson Research Studies BDI 8

New Order & Backlogs ▶ 2010 : Exceeded the new order plan($2. 3 billion) by 30% due to the raised demand on BCs. ▶ 2011 E : New order plan is $3. 3 billion, expecting the actual demand from the changing market circumstances would occur in a few ship types such as Feeder containership which is caused by the increasing large containership delivery, wide beam type ships by the expanding panama canal and the eco-ship by the increasing environmental requirements. (Unit: Thousands of USD) Backlogs New Order 2010 Vessel Amount 2010. 9 Vessel Amount 2011. 9 Vessel Amount 9

Capex Plan (Unit: Billions of KRW) Division 2010 2011 10

HVS 1. Overview Company Data Establishment - Shareholder Structure 1996. 3. 22 10%10% Local Partner - Vietnam Shipbuilding Union Employees - 3, 294 (Local: 3, 246, HMD: 48) Common Stock - USD 33, 456, 938 55% 30% Business Category - Ship Building Dock - Quay - No. 1(80 K DWT), No. 2(400 K DWT) 5% 1. 35 KM (4 EA) 11

HVS 2. Financial Performance Account Sales Operating Income Net Income 2007 (Unit: Thousands of USD) 2008 2009 2010 120, 372 186, 378 238, 567 298, 632 24, 479 49, 195 53, 849 62, 840 21, 783 40, 086 53, 347 66, 255 20. 33% 18. 09% 26. 39% 21. 50% 22. 57% 22. 36% 21. 82% 24. 29% 12

4. Current Issues

Fx Hedge (Unit: Millions of USD) Division Non-trade receivable in Foreign Currency 2008 2009 2010 10, 730 7, 808 6, 246 Net Exposure 6, 493 5, 082 3, 415 Forward Contract 4, 618 2, 991 2, 094 Hedging Ratio(%) 71. 1% 58. 9% 61. 3% 13

Main Mid-Size Shipbuilders (As of December 2010) 1. Facilities Nation Ship-builder HMD CHINA JAPAN Dry Dock Sliding Dock (Floating Dock) NO. 1~3(400 K) NO. 4(350 K) - (Unit : DWT) Crane Main Product Backlogs 12 Cranes (200 tons) PC, BC, CT Etc. 9, 386, 571 4 Cranes (900 tons) PC, BC, PCTC 4, 551, 000 NO. 1(460 m) Erection Facility (320 K), Skid Berth(81 K, 98 K, 181 K, 320 K) SPP NO. 1(310 X 86 m) Floating dock X 2 (230 X 45 m) 9 Cranes (120 ~600 tons) PC, BC, CT 7, 524, 755 SLS NO. 1 (50 K) NO. 2 (50 K) Sliding Dock (50 K X 2, 70 K), Floating dock (50 K) 4 Cranes (1, 600 tons X 1, 200 tons X 3, 120 tons X 2) PC, CT 1, 877, 428 JINLING(CSSC) NO. 1(100 K) NO. 2(200 K) 8 Cranes (150~500 tons) BC, PCC Etc. 3, 075, 879 GSI(SCS) NO. 1(50 K) NO. 2(40 K) NO. 3~4(60 K) PC, Ro-Ro Etc. 5, 614, 526 BOHAI(CSIC) NO. 1(300 K) NO. 2(150 K) NO. 3(50 K) NO. 4(4 K) 3 Cranes (480~600 tons) BC, TK Etc. 8, 271, 656 SHIN KURUSHIMA (ONISHI) NO. 1~2(40 K) NO. 3(150 K) - 9 Cranes (80~300 tons) PC, BC Etc. 1, 344, 839 NO. 3(105 K) (Building Berth) 6 Cranes (20~240 tons) PC, BC 1, 209, 000 STX DAILIAN KOREA * Source : Clarkson Research Studies ONOMICHI NAKAI NO. 1(53 K) NO. 2(40 K) NO. 1~2(40 K) - N/A BC, CT Etc. 618, 300 14

Main Mid-Size Shipbuilders 2. The Market Share Of Product Tanker BC CT Large-Size Shipbuilders : 9, 422, 151(30. 9%) Large-Size Shipbuilders : 112, 663, 863 (53. 9%) Large-Size Shipbuilders : 39, 087, 120 (84. 7%) Mid-Size Shipbuilders : 10, 857, 894 (35. 6%) Mid-Size Shipbuilders : 25, 846, 161 (12. 4%) Mid-Size Shipbuilders : 1, 237, 726 (2. 7%) Small-Size Shipbuilders : 10, 237, 745 (33. 5%) Small-Size Shipbuilders : 70, 411, 047 (33. 7%) Small-Size Shipbuilders : 5, 846, 167 (12. 7%) * Source : Clarkson Research Studies (Unit : DWT) 15

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