HYUNDAI MIPO DOCKYARD 2012 02 Investor Relations Contents

HYUNDAI MIPO DOCKYARD 2012. 02 Investor Relations

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

1. Overview

Company Profile (2012. 01. 31) Company Data Shareholder Structure 3. 26% Establishment - 1975. 4. 28 Initial Share Listing Employees - 2. 05% 1983. 12. 20 13. 04 % 3, 520 (As of Dec 2011) Common Stock - 100 Billion won (20 Million Shares) Main Product - PC, CONT, PCTC, RO-RO, LPG, BC, AC, Etc. 46. 00% 10. 12% 25. 54% 1

Business Structure Shipbuilding Record (As of December 2011) (Unit: Million of USD) Main Product Major Client The number of Delivered Vessels Product Carriers (Chemical Tankers) INTERORIENT 375 15, 832, 584 13, 431 Container ships E. R. SCHIFFAHRT 88 3, 399, 111 3, 661 Bulk Carriers (B/C) E. R. SCHIFFAHRT 60 2, 786, 799 2, 159 ELETSON 17 412, 102 1, 079 RAY 15 212, 620 899 Ro-Ro Ships GRIMALDI 6 64, 800 400 Con-Ro Ships GRIMALDI 5 122, 000 432 GRIEG, etc. 28 648, 712 1, 215 LPG Carriers Pure Car Truck Carriers (PCTC) DWT Amount Special Type of Vessels (Drill Ship, Cable Layer, Power Plant Barge, General Cargo, MPC, Ferry, FPSO, etc. ) 2

Group Structure 3

2. Financial Performance

Financial Highlights (Yearly) Sales 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) 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) 5

Sales & Operating Income (Unit: Billions of KRW) Accounts 2011 (A) 2010(B) 2009 Yo. Y 6

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

(Long-Term) Investment Securities (As of January 2012) (Unit: Billions of KRW) Company Shares 6, 063, 000 HYUNDAI HEAVY INDUSTRIES Listed Companies ( %) 7. 98% 1, 889 POSCO 872, 000 1. 00% 361 KCC 397, 000 3. 77% 121 1, 648, 000 3. 30% 6 KOENTEC SUM HI INVESTMENT AND SECURITIES Subsidiary & Affiliated Companies Market Value HI ASSET MANAGEMENT HVS IN VIETNAM MIPO ENGINEERING HYUNDAI ENERGY & RESOURCES SUM TOTAL 2, 377 292, 493, 502 83. 24% 739 521, 102 7. 57% 24 - 55. 00% 111 280, 000 100% 1 3, 500, 000 35% 18 893 3, 270 8

3. Business Performance

Business Highlights Global Shipbuilding Demand HMD New orders & Backlogs (Unit: Thousands of USD) BDI New building Price (Unit: Millions of USD) ‘’ 12. 01 * Source : Clarkson Research Studies ‘’ 12. 01 9

New Order & Backlogs ▶ 2011 : New order record in 2011 is $2. 0 billion. ▶ 2012 E: New order plan in 2012 is $3. 2 billion. Compared to 2011, new orders of total shipbuilding market might be decreased. However, in terms of small medium size vessel market , we expect the order in chemical tankers and container carriers shall be increased. Also we jump into fuel-efficient vessels, green ship, PSV and other specialized vessels. (Unit: Thousands of USD) Backlogs New Order 2011 Vessel Amount 2011. 01 Vessel Amount 2011 2012. 01 Vessel Amount % Vessel Amount Vessel 2011. 01 2012. 01 Amount Vessel Amount 10 %

Capex Plan (Unit: Billions of KRW) Division 2011 2012 11

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) 12

HVS 2. Financial Performance (Unit: Thousands of USD) Account Sales Operating Income Net Income 2007 2008 2009 2010 2011. 3 Q 120, 372 186, 378 238, 567 298, 632 376, 522 24, 479 49, 195 53, 849 62, 840 19, 396 21, 783 40, 086 53, 347 66, 255 15, 342 20. 33% 18. 09% 26. 39% 21. 50% 22. 57% 22. 36% 21. 04% 22. 19% 5. 15% 4. 07% 13

4. Current Issues

Fx Hedge (Unit: Millions of USD) Division Non-trade receivable in Foreign Currency 2008 2009 2010 2011 10, 730 7, 808 6, 246 3, 931 Net Exposure 6, 493 5, 082 3, 415 2, 362 Forward Contract 4, 618 2, 991 2, 094 1, 871 Hedging Ratio(%) 71. 1% 58. 9% 61. 3% 79. 2% 14

Main Mid-Size Shipbuilders (As of December 2011) 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. 7, 068, 798 4 Cranes (900 tons) PC, BC, PCTC 3, 440, 765 6, 139, 511 NO. 1(460 m) Erection Facility (320 K), Skid Berth(81 K, 98 K, 181 K, 320 K) NO. 1(310 X 86 m) Floating dock X 2 (230 X 45 m) 9 Cranes (120 ~600 tons) PC, BC, CT Shina. SB (S L S) 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 JINLING(CSSC) NO. 1(100 K) NO. 2(200 K) 8 Cranes (150~500 tons) BC, PCC Etc. 1, 841, 936 GSI(SCS) NO. 1(50 K) NO. 2(40 K) NO. 3~4(60 K) PC, Ro-Ro Etc. 5, 696, 009 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. 6, 043, 981 SHIN KURUSHIMA (ONISHI) NO. 1~2(40 K) NO. 3(150 K) - 9 Cranes (80~300 tons) PC, BC Etc. 766, 969 NO. 3(105 K) (Building Berth) 6 Cranes (20~240 tons) PC, BC 611, 000 BC, CT Etc. 375, 890 STX DAILIAN KOREA * Source : Clarkson Research Studies SPP ONOMICHI NAIKAI NO. 1(53 K) NO. 2(40 K) NO. 1~2(40 K) - N/A 497, 825 15

Main Mid-Size Shipbuilders 2. The Market Share Of Product Tanker BC Container Large-Size Shipbuilders : 5, 128, 842 (29. 3%) Large-Size Shipbuilders : 77, 511, 416 (49. 3%) Large-Size Shipbuilders : 42, 005, 726(86. 7%) Mid-Size Shipbuilders : 6, 522, 619 (37. 3%) Mid-Size Shipbuilders : 16, 928, 957 (10. 7%) Mid-Size Shipbuilders : Small-Size Shipbuilders : 5, 855, 305 (33. 4%) Small-Size Shipbuilders : 62, 941, 076 (40. 0%) Small-Size Shipbuilders : 4, 684, 026 (9. 7%) 1, 734, 194 (3. 6%) (As of December 2011) * Source : Clarkson Research Studies (Unit : DWT) 16

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