Investor Relations 2011

2011 2Q Business Results

Contents
1.

Income Statement

2.

Statement of Financial Position

3.

Summary [by region]

The financial numbers and statements included in the following presentation represent statements
made before the external review by independent public accountants for the financial results of 2011 2Q,
and are presented here today solely for the purpose of offering the investor an understanding of the
company. Part of the presentation is subject to change in the process of final reviewing by independent
public accountants.

1. Income Statement
(Bil.KRW)

2011 2Q

2011 1Q

Amount

Amount

QoQ

2010 2Q

YoY

Description
Amount

(%)

Amount

Amount

(%)

Sales

1,109.4

1,028.3

81.1

7.9%

914.6

194.8

21.3%

EBIT

83.0

69.6

13.4

19.2%

86.3

-3.3

-3.8%

(%)

7.5%

6.8%

0.7%

9.4%

Pre-Tax Profit

80.8

68.2

18.4%

80.4

(%)

7.3%

6.6%

0.7%

8.8%

Net Income

61.9

58.8

5.2%

57.8

(%)

5.6%

5.7%

-0.1%

6.3%

12.6

3.1

-1.9%
0.4

0.5%
-1.5%

4.1

7.2%
-0.7%

K-IFRS Consolidated

2. Statement of Financial Position

(Bil.KRW)

Descriptiom

2011 2Q

2010

Change

Assets

2,931.3

2,536.0

395.3

(Cash)

211.8

129.9

81.9

1,581.3

1,296.4

284.9

(Debt)

465.8

246.6

219.2

Equity

1,350.0

1,239.6

110.4

(Capital Stock)

91.1

91.1

L/E Ratio

117.1%

104.6%

12.5%

D/E Ratio

34.5%

19.9%

14.6%

Liabilities

3. Summary [by region]

1) By Region

(Bil.KRW)

Description

Korea

China

US

Others

2011 2Q

2011 1Q

Amount

Amount

QoQ
Amount

2010 2Q
(%)

Amount

YoY
Amount

(%)

Sales

775.3

695.8

79.5

11.4%

603.9

171.4

28.4%

EBIT

49.2

27.7

21.5

77.6%

44.1

5.1

11.6%

(%)

6.3%

4.0%

2.3%

7.3%

Sales

215.4

205.1

10.3

5.0%

179.9

35.5

19.7%

EBIT

29.7

27.3

2.4

8.8%

27.1

2.6

9.6%

(%)

13.8%

13.3%

0.5%

15.1%

Sales

241.0

259.0

-18.0

-6.9%

231.9

9.1

3.9%

EBIT

2.1

6.7

-4.6

-68.7%

10.1

-8.0

-79.2%

(%)

0.9%

2.6%

-1.7%

4.4%

Sales

-122.3

-131.6

9.3

-7.1%

-101.1

-21.2

21.0%

EBIT

2.0

7.9

-5.9

-74.7%

5.0

-3.0

-60.0%

Sales

1,109.4

1,028.3

81.1

7.9%

914.6

194.8

21.3%

EBIT

83.0

69.6

13.4

19.2%

86.3

-3.3

-3.8%

(%)

7.5%

6.8%

0.7%

9.4%

-1.0%

-1.3%

-3.5%

(%)
Consolidated

-1.9%

Others : India, EU, Brazil, Internal trading between regions

3. Summary [by region]

2) Korea

(Bil.KRW)
11 2Q

11 1Q

QoQ

10 2Q

YoY

Amount

Amount

(%)

Amount

(%)

Description

Sales

775.3

695.8

11.4%

603.9

28.4%

EBIT

49.2

27.7

77.6%

44.1

11.6%

(%)

6.3%

4.0%

2.3%

7.3%

-1.0%

Subsidiaries(3 companies)
- Mando
- Meister
- Halla Stackpole

100

7.3%
4.0%

50
0

6.3%

27.7

49.2

2010 2Q

2011 1Q

2011 2Q

- Sales
Seasonal Increase (Increase of Working days)
Contribution margin(+)

Brake Div.
Halla Stackpole
Suspension Div.

0.0%

Margin(%)

QoQ

- EBIT

Major Customers

R&D Center
Steerin Div.

5.0%

44.1

EBIT

10.0%

Meister

YoY
- Sales
Domestic sales increase (HMC/KMC, GM , etc.)
Export increase
- EBIT
Contribution margin(+), F/X loss(-), Raw material increase(-)

3. Summary [by region]

3) China

(Bil.KRW)
11 2Q

11 1Q

QoQ

10 2Q

YoY

Amount

Amount

(%)

Amount

(%)

Description

Sales

215.4

205.1

5.0%

179.9

19.7%

EBIT

29.7

27.3

8.8%

27.1

9.6%

(%)

13.8%

13.3%

0.5%

15.1%

-1.3%

30

15.1%

16.0%
13.3%

25

27.1

27.3

2010 2Q

2011 1Q
EBIT

13.8%
29.7

14.0%

- MSC(Suzhou)
- MHC(Harbin)
- MTC(Tianjin)

MHC(Harbin)
MBC(Beijing)
MTC(Tianjin)
MSC(Suzhou)

- Others(Beijing R&D, etc)

Major Customers

2011 2Q
Margin(%)

- Sales
Increase of sales for Global Automakers (DYK, SGM, etc)

Contribution margin(+)

- MBC(Beijiing)

12.0%

QoQ

- EBIT

Subsidiaries(10 Companies)

YoY
- Sales
Increase of sales for Global Automakers (DYK, SGM, etc)
Increase of sales for Chinese Automakers(CHERY/GEELY,etc)
- EBIT
Contribution margin(+), Geely JV(-), Raw material cost(-)

3. Summary [by region]

4) US

(Bil.KRW)

Description

11 2Q

11 1Q

QoQ

10 2Q

YoY

Amount

Amount

(%)

Amount

(%)

Sales

241.0

259.0

-6.9%

231.9

3.9%

EBIT

2.1

6.7

-68.7%

10.1

-79.2%

(%)

0.9%

2.6%

-1.7%

4.4%

-3.5%

20

4.4%

5.0%
2.6%

10

- MCA
- Uriman

Major Customers

MCA
(Opelika, Alabama)

0.9%

10.1

6.7

0
2010 2Q

Subsidiaries(2 Companies)

2011 1Q
EBIT

2.1

0.0%

2011 2Q
Margin(%)

QoQ
- Sales
Decrease of sales for GM, KMMG (Summer Shutdown)
- EBIT
Contribution margin(-), Transfer price adjustment in 2011 2Q(-)

YoY
- Sales
Increase of sales for GM, KMMG
- EBIT
Contribution margin(+), Transfer price adjustment in 2011 2Q(-),
Raw material cost(-)