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Disclaimer
Index
1. Construction New Orders
2. 2Q Results(QoQ)
3. 1H Results(YoY)
4. Others
5. Consolidated Statements of Income (Summary)
6. Consolidated Statements of Financial Position (Summary)
Overseas
Abu Dhabi DTS
Singapore DTL Ph.3
Singapore Merbau
Saudi
Qurrayah
IPP 1.2 tn
3.6 tn
Plant
Dangjin Thermal PP #9,10 154.0bn
Housing
Goduk Shiyoung
Redevelop
420.0bn
2011.1H
(bn KRW)
2011Plan
2011.1H
Housing
Pyungtek US Army Base 962.4bn
Garak Shiyoung
620.0bn
Goduk Shiyoung
420.0bn
1.5%
End of 2010
New Orders
Building
Overseas
UAE Nuclear PP
2,631.1bn
Singapore LNG Terminal 750.0bn
Abu Dhabi DTS-T01
285.7bn
297.6 bn
187.4 bn
174.2bn
4.9tn
2011target
27.1tn
26.7tn
2011.1H
Order Backlog
Progress
(bn KRW)
End of 2010
2011.1H
Progress
2,715.0
1,083.4
39.9%
Building
3,730.2
3,518.1
212.1
Civil
900.0
98.7
11.0%
Civil
3,103.0
2,704.2
398.8
Plant
535.0
240.9
45.0%
Plant
718.1
687.5
30.6
Housing
3,000.0
1,292.4
43.1%
Housing
12,348.8
13,175.1
826.3
Overseas
6,550.0
918.2
14.0%
Overseas
6,849.6
7,055.4
205.8
Total
13,700.0
3,633.6
26.5%
Total
26,749.7
27,140.3
390.6
Gross Profit
Sales
8.7%
8.6%
406.5
446.2
5,186.4
4,696.1
10.4%
9.8%
2011.1Q
2011.2Q
2.5%
2.3%
118.0
117.0
2011.2Q
Operating Profit
Adjusted OP
Sales - Cost of Sales
- Selling and admin. expenses
2011.1Q
139.5
166.4
71.4
113.0
48.8%
0.8%
32.1%
2011.1Q
2011.1Q
2011.2Q
2011.1Q
2011.2Q
2011.2Q
(bn KRW)
2011. 1Q
Building
Civil
Plant
Housing
Overseas
etc
2011.2Q
Changes
(%)
1,795.0
Building
602.6
692.9
+90.3
(15.0%)
Civil
226.4
271.1
+44.7
(19.7%)
Plant
115.0
156.5
+41.5
(36.1%)
Housing
220.0
271.0
+51.0
(23.2%)
Overseas
324.6
387.8
+63.2
(19.5%)
Etc
11.1
15.7
+4.6
(41.4%)
1,499.7
1,795.0
+295.3
(19.7%)
1,499.7
17.2%
38.6%
40.2%
19.7%
15.1%
7.7%
15.1%
8.7%
15.1%
14.7%
21.6%
21.6%
0.7%
0.9%
2011.1Q
2011.2Q
Total
Sales increase in all sectors such as domestic Building and Overseas etc.
1Q to be the lowest sales figure for the Housing sector
Gross Profit
* Sales - Costs of sales
14.0%
Operating Profit
* Sales - Cost of Sales SG&A
+/- Other operating profit /expenses
12.4%
5.7%
251.4
(bn KRW)
109.9
92.8
4.2%
186.5
63.1%
15.6%
63.2
34.8%
2011.1Q
103.1
2011.2Q
2011.1Q
2011.2Q
2011.1Q
2011.2Q
Increase in gross profit and improvement in gross profit margin due to increase in volume in
the Building sector
Decrease in Operating Profit due to decrease in Other operating profit(dividend income)
compared to the 1st quarter
Sales
2011.1Q
Industrial Materials
Natural Resources
Energy Environment
3,391.4
Industrial
Materials
3,196.4
HQ
Natural
Resources
6.1%
HQ
73.8%
Energy
Environment
83.2%
HQ
14.5%
2.3%
2011.1Q
23.9%
2.3%
2011.2Q
Total
HQ
2011.2Q
2,659.1
2,503.3
155.8
5.9%)
1,912.7
1,890.1
22.6
1.2%)
464.5
811.3
346.8
(74.7%)
101.6
135.6
34.0
(33.5%)
72.8
76.8
4.0
(5.5%)
21.6
32.0
10.4
(48.1%)
3,196.4
3,391.4
195.0
(6.1%)
2,035.9
2,057.7
21.8
(1.1%)
Sales decreased in Industrial Materials due to decrease in prices of chemicals and iron & steel,
However, increased in Natural Resources due to increase in trading volume of copper concentrate,
resulting into an small increase in overall Sales
(%)
Changes
Gross Profit
* Sales - Costs of sales
6.9%
5.7%
220.0
Operating Profit
* Sales - Cost of Sales SG&A
+/- Other operating profit /expenses
1.8%
194.8
1.7%
0.6%
0.4%
11.5%
56.5
54.8
20.2
74.6%
74.6%
2011.1Q
2011.2Q
2011.1Q
13.9
2011.2Q
64.2%
2011.1Q
2011.2Q
Gross profit decrease due to appraisal losses in solar business in Europe and decrease in
stainless steel prices
Increase in expenses due to increase in shipping expenses and developing new markets
Gross Profit
Sales
9.4%
8.6%
9,882.5
8,355.6
18.3%
2010.1H
Adjusted OP
Sales - Cost of Sales
- Selling and admin. expenses
852.7
787.1
8.3%
2010.1H
2011.1H
Operating Profit
2011.1H
2.8%
2.4%
462.2
279.4
235.0
234.4
210.9
39.5%
0.3%
2010.1H
362.4
41.8%
2011.1H
2010.1H
2011.1H
2010.1H
2011.1H
Building
Civil
Plant
Housing
Overseas
etc
(bn KRW)
Building
3,504.8
2010. 1H
2011.1H
Changes
(%)
Building
781.7
1,295.5
513.8
(65.7%)
Civil
426.7
497.5
70.8
(16.6%)
Plant
241.9
271.5
29.6
(12.2%)
Housing
1,203.7
491.0
712.7
59.2%)
14.9%
Overseas
832.7
712.4
120.3
14.4%)
21.6%
Etc
18.1
26.8
8.7
1.4%
2011.1H
Total
3,504.8
3,294.7
210.1
3,294.7
22.3%
39.3%
12.2%
6.9%
6.0% 15.1%
34.3%
8.2%
23.8%
0.5%
2010.1H
(48.1%)
6.0%)
Housing sales decrease due to low pre-sales because of depression in housing market in 2010
Domestic building sales increase due to uptrend in micro chip construction
Gross Profit
* Sales - Costs of sales
Operating Profit
13.3%
12.1%
8.7%
437.9
422.9
5.1%
5.0%
6.2%
305.5
202.7
174.5
3.5%
33.6%
166.3
4.7%
4.7%
2010. 1H
2011.1H
2010.1H
2011.1H
2010. 1H
2011.1H
Gross profit and margin increase due to improvement in the building sector, excluding the other operating
profit of investment asset mergers in 2010, operating profit and margin has also increased
Marginal decrease in Adjusted operating profit due to increase in expenses such as increase in personnel
expenditure (increase in Adjusted Operating profits margins)
Decrease in Operating profit due to last years one-off gain in investment asset mergers
Sales
2010.1H
Industrial Materials
Natural Resources
Energy Environment
5,162.4
Industrial
Materials
HQ
2011.1H
Changes
(%)
4,005.5
5,162.4
1,156.9
(28.9%)
2,753.9
3,802.8
1,048.9
(38.1%)
719.4
1,275.8
556.4
(77.3%)
139.7
237.2
97.5
(69.8%)
125.9
149.6
23.7
(18.8%)
48.9
53.6
4.7
(9.6%)
4,850.8
6,587.8
1,737.0
(35.8%)
2,942.5
4,093.6
1,151.1
(39.1%)
4,850.8
Natural
Resources
HQ
35.8% 78.4%
Energy
Environment
82.6%
HQ
14.8%
2.6%
2010.1H
19.4%
2.3%
2011.1H
Total
HQ
Increase in Sales due to increase in price and volume in chemicals and iron and steel trading
Sales increase in both Headquarters and overseas offices
Gross Profit
* Sales - Costs of sales
7.5%
6.3%
414.8
Operating Profit
1.2%
1.0%
3.2%
1.2%
364.2
156.7
13.9%
76.7
14.9%
68.7
51.1%
59.9
2010.1H
2011.1H
2010.1H
2011.1H
2010.1H
2011.1H
Increase in Gross profit due to increase in price and volume in trading items,
Also excluding last years one-off gains in investment asset mergers, Adjusted Operating Profit has increased
4. Others
15
(bn KRW)
73.6
Total
Net
31.2
53.0
3,193.8
2,601.0
2,372.6
1,742.8
27.7
38.9%
34.2
18.5
8.2
6.8
2010.1H
End of 2010
2011.1H
2011.1H
Housing PF Amount
Dividend Income
Construction
65.0
52.4
1,278.9
1,292.9
164.9
439.9
Pre-Construction
19.4%
Pre-construction
1,114.0
853.0
2010.1H
Construction
2011.1H
End of 2010
2011.1H
Chunho Dong :
307.5 bn
Incheon Okryun : 397.5 bn
Buchun Joongdong :148.0bn
2011. 1Q
Total
Construction
2011. 2Q
T&I
Total
Construction
2011. 1H
T&I
Total
Construction
2010. 1H
T&I
Total
Construction
T&I
4,696.1
1,499.7
3,196.4
5,186.4
1,795.1
3,391.4
9,882.5
3,294.7
6,587.8
8,355.6
3,504.8
4,850.8
406.5
(8.7%)
186.5
(12.4%)
220.0
(6.9%)
446.2
(8.6%)
251.4
(14.0%)
194.8
(5.7%)
852.7
(8.6%)
437.9
(13.3%)
414.8
(6.3%)
787.1
(9.4%)
422.9
(12.1%)
364.2
(7.5%)
288.5
123.3
165.2
329.2
148.4
180.9
617.7
271.7
346.1
552.7
248.4
304.3
Adjusted
Operating Profit
118.0
(2.5%)
63.2
(4.2%)
54.8
(1.7%)
117.0
(2.3%)
103.1
(5.7%)
13.9
(0.4%)
235.0
(2.4%)
166.3
(5.1%)
68.7
(1.0%)
234.4
(2.8%)
174.6
(5.0%)
59.9
(1.2%)
Other operating
profit and
expenses
48.4
46.7
1.7
4.0
10.2
6.3
44.4
36.5
7.9
227.8
130.9
96.8
Operating profit
(Margin %)
166.4
(3.5%)
109.9
(7.3%)
56.5
(1.8%)
113.0
(2.2%)
92.8
(5.2%)
20.2
(0.6%)
279.4
(2.8%)
202.7
(6.2%)
76.7
(1.2%)
462.2
(5.5%)
305.5
(8.7%)
156.7
(3.2%)
Finance income
and expenses
24.0
25.0
49.1
34.3
56.0
17.6
73.6
53.0
Profit before
income tax
198.3
105.6
303.9
480.9
139.5
(3.0%)
71.4
(1.4%)
210.9
(2.1%)
362.4
(4.3%)
Attributable
to owners of
the parent
137.8
68.3
206.1
361.9
Attributable
to not
controlling
assets
1.7
3.1
4.8
0.5
Sales
Gross profit
(Margin %)
Selling and
administrative
expenses
Equity method
profit
Adjusted OP separately calculated for investor reference only, not included in official statements)
End of 2010
(B)
Changes
(A-B)
17,449.0
17,501.1
52.1
7,382.2
6,792.6
589.6
10,066.8
10,708.4
641.6
9,317.4
8,922.7
394.7
Current liabilities
6,424.8
6,126.1
298.7
Non-current liabilities
2,892.6
2,796.6
96.0
8,131.6
8,578.4
446.8
8,095.1
8,545.7
450.6
36.5
32.7
3.8
Current assets
Non-current assets
Total liabilities
Total equity
Equity attributable to owners
of the parent
Non-controlling interests
Thank you
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for reference only and is not intended to give any guideline or information to make any decision. Certain section(s)
of this document contain forward-looking statements that are based on expectations, estimations and assumptions
of Samsung C&T Corporation and outside organizations, and therefore, please be advised that any projections or
estimates may be different from actual results and that Samsung C&T Corporation does not make any representation
or warranty either expressly or implicitly as to the correctness, completeness and accuracy hereof.
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