H H I at a Glance. Business Performance. Financial Performance

Transcription

1 (2015.1) 1

2 Important Notice This presentation of Hyundai Heavy Industries (HHI) contains forward-looking statements relating to HHI s operations that are based on management s current expectations, estimates and projections. Words such as anticipates, expects, intends, plans, projects, schedules, estimates and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors including new order flows, FX rates, steel plate prices and so on, some of which are beyond company s control and are difficult to predict. Therefore, actual outcomes and actual results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements. HHI undertakes no obligation to update any forward-looking statements to reflect subsequent events. 2

3 Contents H H I at a Glance Business Performance Financial Performance 3

4 HHI at a Glance 4

5 Summary Date of Establishment : Date of Listing : No. of issued stocks: 76,000,000 stocks Paid-in Capital : KRW 380 bil. Market Value : KRW 8,740 bil. (As of December 31, 2014) Credit Rating : A1 (Commercial Paper), AA (Corporate Bond) Korea s large conglomerate ranking : 7th (Excluding public companies, based on total assets, As of December 31, 2013) No. of employees : 25,663 (Average 18.5 years of continuous service) No. of dry docks : 10 (Shipbuilding), 1 (Offshore & Engineering) Business Division : Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro Electric Systems, Construction Equipment, Green Energy, Refinery, Financial Services 5

6 History ~ Establishment of Hyundai Shipbuilding & Heavy Industry Co., Ltd. Inauguration of the Shipyard and Simultaneous Naming of First Two Supertankers Change of Company Name to Hyundai Heavy Industries Co., Ltd. Established Special Vessels, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro Electric Systems, Construction Equipment Divisions Listed on the Korean Securities Dealers Automated Quotations, Delivery of Korea s First LNG Carrier Listed on the Korean Stock Exchange Disaffiliated from Hyundai Group and creation of Hyundai Heavy Industries group (Hyundai Heavy Industries Co., Ltd., Asan Foundation and six other companies) Acquired Samho Heavy Industries Co., Ltd. Acquired HI Investment and Securities Co., Ltd. and HI Asset Management Co., Ltd. (Underwriting company : Hyundai Mipo Dockyard Co., Ltd. ) Acquired Hyundai Corporation Acquired Hyundai Oilbank Co., Ltd. (70% of Ownership and management) Became the world s first shipbuilder to deliver 1,700 th ship 6

7 Business Highlights No.1 in Global shipbuilding Market (Since 1983) HHI, HSHI, HMD : 12.16% (2011 delivery basis) Recognized for building the World Best Ship for the 29 th consecutive year (Since 1983) Total 47 ships, World shipbuilding publications (Maritime Report and Marine Log) First to build LNG Carrier in Korea (Jun. 1994) 125,000 m 3 Completion of World s Largest Elf Girassol FPSO (Feb. 2001) 343,000 Ton Achieved world record production in 2-stroke Markne engines (Sep. 2010) 100 million bhp Delivery of the World s Biggest Jacket (May, 1989) Exxon (U.S.A) 40,000 ton Completed World s largest Saudi Marafiq power plant (Apr. 2011) power generation 2,750 MW + desalination 176 MIGD Achieved domestic record production in Transformers (Feb. 2010) 600,000 MVA 7

8 Ownership Structure (As of December 31, 2013) Chung Mong-joon 10.15% Hyundai Mipo Dockyard Co., Ltd. 7.98% Others 45.08% National Pension Service 6.31% KCC 3.12% (Foreign Ownership : 18.23% ) Hyundai Motors 2.88% Asan Foundation 2.53% Treasury Shares 19.36% POSCO 1.94% Asan Nanum Foundation 0.65% 8

9 Business Structure Division Main Products Major Clients Competitors Capacity Shipbuilding Offshore & Engineering VLCCs, Tankers, Product Carriers, Chemical Tankers Containerships, Bulk Carriers, OBO Carriers Ro-Pax Ships, Ro-Ro Ships, Pure Car Carriers, Tankers/VLCCs LNG Carriers, LPG Carriers Drillships Submarines, Destroyers, Frigates Floating Units: FPSOs, FLNGs, FPUs, TLPs, Semi-Submersible Units Fixed Platforms: Topsides, Jackets & Piles, Jack-ups, Modules & Quarters Pipelines & Subsea Facilities: Subsea Pipelines Offshore Installations: Platforms, Pipelines Land-Based Modules HAPAG-LLOYD (GER) C.P. OFFEN (GER) AP MOLLER (Denmaark) Seaspan (Canada) Diamond Offshore (USA) BP(UK) ExxonMobile(USA) SHELL(USA) TOTAL (FR) CHEVRON (USA) ENI NORGE (NOR) DSME (KOR) SHI (KOR) DSME, SHI (KOR) Technip (FR) Saipem (Italy) McDermott (USA) 8.00 mil. GT Floaters : 1~2 units Fixed Platform : 3~4 units Pipeline laying : 30km Industrial Plant & Engineering Engine & Machinery Power Plants: Combined-Cycle, Cogeneration, Thermal Power Plants Process Plants: Oil and Gas, Refinery, Tank Farm, GTL, and LNG Facilities Plant Equipments: Industrial Boiler, HRSG, CFBF Boiler, Regenerator & Reactor Two-Stroke Diesel Engines, Four-Stroke(HiMSEN)Engines Propellers and Crankshafts Steam Turbines and Turbochargers Diesel and Gas Power Plant Engines Industrial and Marine Pumps, Industrial Robots, Side Thrusters Presses, Conveyor Systems, and Steel Strip Process Lines SHELL (US) MEW (KUWAIT) SEC (SAUDI) HMD(KOR) Shanghai (CHINA) DSME, SHI (KOR) Siemens (GER) Hyundai E&C (KOR) Doosan Heavy (KOR) Samsung C&T Corporation(KOR) Doosan, STX (KOR) Mitsui (JPN) Hudong, Dalian(China) Power plant : 1,000MW (4~5 projects) Large Engines (500 units) :18 mil bhp Medium (1800 Units) : 5 mil bhp Electro Electric Systems Transformers, Gas Insulated Switchgear, Switchgear Low- and Medium-Voltage Circuit Breakers Rotating Machinery Power Electronics and Control Systems State-Owned Power company Utility, IPP company ABB (Sweden) Siemens (GER) Hyosung (KOR) Transformer (620 units) 120,000 MVA Construction Equipment Excavators Wheel Loaders Forklifts Skid Loaders Komatsu (JPN) Caterpillar (USA) Terex (USA) Doosan Infracore (KOR) 29,000 units (Excavators 16,000 units) Green Energy Refinery Financial Services Solar/Wind Power Systems Petroleum: LPG, Gasoline, Kerosene, Jet Fuel Petrochemicals: Propylene, Alkylate, BTX, Naphtha Securities Brokerage Asset Management Futures Corporate Finance Leasing Wagner&Co Solartechnik(GER) MHH Solartechnik (GER) Sun Energy Europe (GER) Albatech (Italy) Suntech, Yingli (CHN) Vestas (DEN), GE (USA) SK Innovation (KOR) GS-Caltex (KOR) S-Oil (KOR) Solar Cell/module : 510 MW Wind Turbine : 600 MW 390,000 B/D 9

10 Sales Breakdown Financial Services (KRW bil.) Others (KRW bil.) Refinery Shipbuilding (KRW 22,220.8 bil.) (KRW 17,018.3 bil.) Green Energy Offshore & Engineering (KRW bil.) (KRW 4,756.0 bil.) Construction Equipment Industrial Plant & Engineering (KRW 3,289.6 bil.) Electro Electric Systems (KRW 2,761.3 bil.) Engine & Machinery (KRW 1,722.2 bil.) (KRW 1,223,8 bil.) (2013 Consolidated basis) 10

11 Affiliates 27 affiliated companies in Hyundai Heavy Industries Group (HHI included, overseas corporations excluded) Changjuk Wind Power : As of Jan , the date of addition as an affiliate Hyundai Energy & Resources : As of May , the date of addition as an affiliate New Korea Country Club & Hyundai Oil Terminal Co., Ltd.: As of March , the date of addition as an affiliate 11

12 Global Network Established 21 Overseas offices and 26 Incorporated firms, a total of 47 global network. 21 overseas offices - Europe : 7, America : 3, Asia : 4, Middle East / Africa : 7 26 Incorporated firms - Production/sales : 14, Sales : 2, Construction : 3, R&D : 2, Management : 3, Agriculture: 2 London Belgium France Spain Europe Nigeria Oslo Rotterdam Bulgaria Germany Hungary Athens Riyadh Al Khobar (office, incorporated) Moscow Istanbul Kuwait Dubai Jebel Ali Abu Dhabi Tai an Mumbai India Khorol Agro, Mikhailovka Agro, Hyundai Electrosystems Chanzhou Beijing Shandong Yantai Weihai Yangzhong Singapore [HHI] Region Overseas Incorporated office firm Total Europe America Asia Middle East / Africa Total Vladivostok Tokyo Osaka HHI China Investment Co., Ltd. Hyudai Heavy Industries Shanghai R&D Co., Ltd. Hyundai Financial Leasing Co., Ltd. Alabama Houston Hyundai Ideal Electric Co. New Jersey Atlanta (office, incorporated) Production / Sales(14) Sales (2) Construction(3) R&D(2) Management(3) Agriculture(2) Offices (21) Luanda Middle East / Africa Asia America Brazil 12

13 Business Performance 13

14 New Orders Trend (Mil. USD) 35,000 30,000 25,000 20,000 15,000 10,000 5, ,400 5,777 9,817 3,025 16,107 13,405 7,835 4,917 18,706 7,236 11,470 4,357 2,968 8,488 8,272 6,792 27,473 25,020 25,324 13,838 9,290 15,730 13,635 10,735 10,291 2,043 2, ,209 14,419 19, % YoY 29,565 27,363 20,415 17,851 13,424 13,147 10,905 9,512 9,150 6,143 4,061 `01 `02 `03 `04 `05 `06 `07 `08 `09 `10 `11 `12 `13 `14 (Target) Shipbuilding Non-Shipbuilding 14

15 Monthly New Orders in 2013 (Non-Consolidated) Achieving 92.2% of annual target, a 39.8% increase YoY on the back of positive order flow of commercial vessels and offshore production facilities - Shipbuilding : 27 Containerships, 19 LPGs, 11 Bulk Carriers, 11 Tankers, 9 LNGs, 5 Special Vessels, 1 Offshore Construction Vessel, 1 Accommodation Vessel, 1 Semi Submersible Rig - Offshore : 1 FPSO (Rosebank, Chevron), 1 TLP & 1 FPU (Moho Nord, Total), 1 Spar Topside (Aasta Hansteen, Statoil) - Industrial Plant : Shuqaiq Oil fired Conventional Power Plant, Saudi Arabia, Az-Zour North Combined-cycle power plant, Kuwait - Engine & Machinery : Four-stroke marine engine orders increased YoY due to demand increase for special vessels such as drillship in Electro Electric Systems : Orders declined YoY as a result of profit-focused order taking - Construction Equipment : Demand declined YoY esp. in the Middle East, America, Russia, South East Asia - Green Energy : The ongoing oversupply problem and slowing demand continued to unfold Monthly New Orders in 2013 (unit : mil. of USD) Division Full year Target Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Full year Achievement (%) Shipbuilding 6,143 7, ,049 1, , , Offshore 2,072 6,000 1, ,064 1, , Industrial Plant 4,077 6, , , Engine & Machinery 1,858 3, , Electro Electric 2,318 3, , Construction Equipment 2,773 3, , Green Energy Total 19,567 29,676 2, ,521 3,598 2,553 1,560 1,443 4,756 1,027 1,745 2,151 1,604 27,

16 Shipbuilding Drillship VLCC Containerships Bulk Carrier LNG LPG Car Carriers Naval Ships Special Vessels 16

17 Market Shipbuilding (Unit: Mil. GT) Global Demand since 2007 Others LPG Carrier LNG Carrier Containers Tankers Bulkers +139% (Unit: Mil. GT) `07 `08 `09 `10 `11 `12 `13 YoY `14.10 Total % 62.5 Bulkers % 28.6 Tankers % 12.3 Containers % 9.0 LNG % 4.0 LPG % '07 '08 '09 '10 '11 '12 '13 * Source : Clarkson others % 5.5 * Others : offshore, cruise vessels, ro-ro ferries, MPP, Reefers, PCC Newbuilding Price Trend since 2007 Capesize K DWT (Left, Mil. USD) VLCC K DWT (Left, Mil. USD) Containership 8,500-9,100 TEU (Left, Mil. USD) LPG Carrier 82,000m³ (Left, Mil. USD) LNG Carrier 160,000m³ (Right, Mil. USD) '07 '08 '09 '10 '11 '12 '13 * Source : Clarkson * Index : 1988=100 (Unit: Mil. USD) `07 `08 `09 `10 `11 `12 `13 YoY `14.10 Price Index % Capesize Bulk(180K) % 54.5 VLCC(320K) % 98.0 Container(8,800teu) % 88.5 LPG(82,000m³) % 79.0 LNG(160,000m³) %

18 Overview Shipbuilding Sales Contribution(2013) Sales Breakdown by Product (2013) Shipbuilding 42.0% Tanker 4% PCTC 3% Special 7% Semi-sub Rig Bulk 1% 2% P/C 1% Others 1% LPG 7% LNG 21% Containership 23% * Non-Consolidated basis 37% * Non-Consolidated basis Drillship Annual Sales & New Orders Main Products 20,000 15,000 10,000 5,000 15,730 13,635 11,470 9,084 9,003 7,557 6,443 (Unit : sales - bil. KRW, New order mil. USD) 10,905 9,487 9,766 10,159 9,512 7,849 6,143 4,061 VLCCs, Tankers, Product Carriers, Chemical Tankers Containerships, Bulk Carriers, OBO Carriers Ro-Pax Ships, Ro-Ro Ships, Pure Car Carriers Tankers / VLCCs LNG Carriers, LPG Carriers Drillships Submarines, Destroyers, Frigates Operational Highlights Sales New Orders * Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP. Completion of Gunsan Shipyard (Mar. 2010) Investment & Technical Corporation Agreement with OSX (May 2010) 10% of stake in OSX(USD 61.9 mil.) in exchange for technical advise for establishment of a shipyard Delivery of first drillship (Sept. 2010) Delivery of 1,700 th vessel (Jan. 2011) 18

19 Performance Shipbuilding New Orders by Shiptype (2013) Backlog by Shiptype (2013) Semi Others 12% Submersible Rig 7% LPG Carrier 14% LNG Carrier 20% Containership 32% Tanker 9% Bulker 6% Special & Naval 7% Drillship 27% Semi Submersible RIg 6% Bulkers 3% Others 3% LPG Carrier 7% Container ship 22% Tanker 4% LNG Carrier 21% The above data is based on the amount Backlogs as of Dec on a delivery basis : 141 vessels. USD bil. The above data is based on the amount New Orders in Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Target Achievement Details (mil. USD) # of ship Amount (mil. USD) 6, ,049 1, , ,512 7, % -27 Containerships (3,053) -9 LNG Carriers (1,902) -19 LPG Carriers (1,372) -11 Tankers (803) -5 Special Vessel (662) -1 Semi Submersible Rig (629) -11 Bulk Carriers (580) -2 Others (511) 19

20 Performance Shipbuilding New Orders by Shiptype ( ) Backlog by Shiptype ( ) LPG Carrier 32% Others 9% Containership 8% Tanker 26% Drillship 6% Bulkers 3% Special & Naval 11% Semi Submersible RIg 7% Others 2% Container ship 16% Tanker 13% LNG Carrier 21% Bulker 4% LPG Carrier 16% LNG Carrier 26% The above data is based on the amount Backlogs as of Dec on a delivery basis : 145 vessels, USD bil. The above data is based on the amount New Orders in Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Target Achievement Details (mil. USD) # of ship Amount (mil. USD) 9,512 1,549 1, ,192 9, % - 26 LPG Carriers (1,964) - 18 Tankers (1,598) - 5 Containerships (501) - 6 LNG Carriers (1,294) - 3 Bulkers (242) - 2 Special Vessel (529) - Others (64) 20

21 Delivery Shipbuilding Annual Delivery (mil. GT) Gunsan Offshore Ulsan Annual Delivery (number of vessels) Ulsan Offshore (on-ground building) Gunsan Total # of Ship

22 Offshore & Engineering FPSO Drilling Rig Semi-Submersible Unit Subsea Pipeline 22

23 Overview Offshore & Engineering Sales Contribution (2013) Sales Breakdown by Product (2013) Offshore & Engineering 20.0% Shipbuilding 1% Subsea Pipeline 11% Fixed Platforms& Floaters 88% * Non-Consolidated basis * Non-Consolidated basis 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Annual Sales & New Orders (Unit : sales - bil. KRW, New order mil. USD) 6,503 4,480 4,373 4,753 3,729 3,423 3,413 3,095 2,978 3,069 2,222 1,997 2,352 2,072 1,935 1, Sales New Orders * Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP. Main Products Floating Units: FPSOs, FLNGs, FPUs, TLPs, Semi Submersible Units Fixed Platforms: Topsides, Jackets & Piles, Jack-ups, Modules & Quarters Pipelines & Subsea Facilities: Subsea Pipelines Offshore Installations: Platforms, Pipelines Land-Based Modules Operational Highlights Received USD 1.1 bil. of Goliat FPSO order (Feb. 2010) Received USD 0.9 bil. of Barzan offshore platform order (Jan. 2011) Received USD 1.2 bil. of BP Q204 FPSO order (Feb. 2011) Received USD 0.6 bil. of BP Clair Ridge platform order (Mar. 2011) Received USD 1.1 bil. of Aasta Hansteen Topside order (Jan. 2013) Received USD 1.9 bil. of Moho Nord TLP & FPU order (Mar. 2013) Received USD 1.9 bil. of Rosebank FPSO order (Apr. 2013) 23

24 Performance Offshore & Engineering Major Projects in 2009/2010 Gorgon LNG (Oct. 2009) - LNG processing modules fabrication ($2.1 bil. from Chevron) New Orders by Type ($ mil.) Dec Fixed 1,113 2,196 1,501 2,121 1, ,406 Floating 1, ,303 1, ,735 1,470 Subsea Pipeline Others Total 2,978 2,351 3,069 4,480 2,072 6,503 6,005 Performance Record Myanmar SHWE Field development project (Feb. 2010) - Installation of gas production & processing platform, pipeline & onshore terminal ($1.4 bil. from Daewoo International Corp.) Fixed Type Total number of projects Platforms 87 Onshore Facilities 10 Jack-up rig 3 Major Projects SHWE Platform (Daewoo Inter, 2013) (1976 ~ present) Sakhalin-1 OPF Onshore Modules Fabrication(ExxonMobil, 2006) Harsh Environment Jack-up Rig 2nd (A.P.Moller, 2004) Semi-submersible Drilling Rig 10 Deepwater Horizon Semi- Submersible Drilling Unit (R & B Falcon, 2000) Goliat FPSO (Feb. 2010) - Cylindrical Floating Production Storage Offloading unit ($1.1 bil. from ENI Norge AS) Floating FPSO 10 Usan FPSO (TOTAL, 2012) TLP 2 West Seno Field Development (Chevron, 2003) FPU 5 Moho Bilondo FPU (TOTAL, 2008) Subsea Pipelines 5,452 km Barzan Offshore Project (RasGas, 2013) 24

25 Performance Offshore & Engineering Major Projects Awarded in 2011 Qatar, Barzan Offshore Project UK, Q204 FPSO UK, Clair Ridge Platform - Date : Jan Price : USD 860 million - Owner : RasGas Company - Completion : Nov Details : Fabrication and Installation of Wellhead Platforms, Living Quarters, Onshore & Offshore pipeline (EPC) - Date : Feb Price : USD 1.2 billion - Owner : BP - Completion : May Details : Construction of FPSO (EPC), Processing 0.32 million bpd, storing 0.8 million bbls - Date : Mar Price : USD 620 million - Owner : BP - Completion : Nov Details : Fabrication and Installation of Drilling and Quarters Platforms (EPC) 25

26 Performance Offshore & Engineering Major Projects Awarded in 2013 Norway, Aasta Hansteen Spar Topside Congo, Moho Nord TLP & FPU UK, Rosebank FPSO TLP (Tension Leg Platform) FPU (Floating Production Unit) - Date : Jan Price : USD 1.1 billion - Owner : Statoil - Completion : Feb Details : Fabrication and Installation of Spar Topsides (EPC) - Date : Mar Price : USD 1.9 billion - Owner : Total - Completion : May 2015 (TLP) Jun (FPU) - Details : Fabrication and Installation of Tension Leg Platform and Floating Production Unit (EPC) - Date : Apr Price : USD 1.9 billion - Owner : Chevron - Completion : Nov Details : Construction of FPSO (EPC) Processing 100,000 BOPD (Oil), 190 MMSCFD (Gas), storing 1.05 million bbls 26

27 Performance Offshore & Engineering Major Projects Awarded in 2014 Indonesia, Jangkrik FPU Malaysia, Bergading Project - Date : Feb Price : USD 250 million - Owner : Eni Muara Bakau B.V. - Completion : Feb Details : Hull/LQ (EPC) - Date : May Price : USD 700 million - Owner : Hess E&P Malaysia - Completion : Nov Details : Central Processing Platform, Wellhead Platform, Bridge (EPCIC) Russia, Odoptu Stage 2 Project Abu Dhabi, NASR Package 2 - Date : Jun Price : USD 270 million - Owner : Exxon Neftegas Limited - Completion : Jun Details : Onshore Modules (EPC) Umm Lulu Nasr Field - Date : Jul Price : USD 1.9 billion - Owner : Abu Dhabi Marine Operating Company - Completion : May Details : Offshore Super Complex Platforms & Power Distribution Platform (EPCI) 27

28 Industrial Plant & Engineering Thermal Power Plant Co-Generation Plant Process Plant Combined Cycle Power Plant 28

29 Overview Industrial Plant & Engineering Sales Contribution (2013) Sales Breakdown by Product (2013) Industrial Plant & Engineering 5.0% Plant Equipments 30% Power Plant 52% Oil & Gas 18% * Non-Consolidated basis * Non-Consolidated basis 5,000 4,000 3,000 2,000 1,000 0 Annual Sales & New Orders (Unit : sales - bil. KRW, New order mil. USD) 4,396 4,077 2,826 2,645 2,761 2,076 1,898 2,010 1,544 1,374 1,480 1,259 1,017 1, Sales New Orders * Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP. Main Products Power Plants Combined-Cycle, Cogeneration, and Thermal Power Plants Process Plants Oil and Gas, Refinery, Tank Farm, GTL, and LNG Facilities Plant Equipments Industrial Boiler, HRSG(Heat Recovery Steam Generator), CFBC(Circulating Fluidized Bed Combustor) Boiler, Regenerator & Reactor Operational Highlights Received a USD 1.0 bil. Das Island order (Jul. 2009) Received a USD 2.6 bil. Sabiya order (Sept. 2009) Signed an MOU for supplying ITER vacuum vessel (Jan. 2010) Received a USD 1.6 bil. Riyadh order (Jun. 2010) Received a USD 3.2 bil. Jeddah South order (Oct. 2012) Received a USD 3.3 bil. Shuqaiq order (Aug. 2013) 29

30 Oil & Gas Power Performance Project Type Oil & Gas Tank Farm Performance Record Industrial Plant & Engineering Major Projects Integrated Gas Development (IGD) Project (ADGAS, UAE, 2013) Escravos Gas Plant Phase Ⅲ (Chevron Nigeria Ltd., Nigeria, 2010) Bonny Terminal Integrated Project (Shell Petroleum Development, Nigeria, 2008) (1976 ~ present) KOC Crude Oil Export Facilities Project (Kuwait Oil Company, 2008) JPR Zarpa Tank Farm Project (Jordan Petroleum Company, 2000) Clean Fuel Project (Kuwait National Petroleum Company, 2018(E)) Jazan Refinery and Terminal Project, Package 2 (Saudi Aramco, 2016(E)) Refinery & HCP No.2 BTX Project Daesan (HC Petrochem, Korea, 2013) Petrochemical Mumbai Diesel Hydro-Desulfurization Project (Hindustan Petroleum Company, India, 2000) HPC 2nd Petrochemical Complex Project (Hyundai Oilbank, 1997) Gas to Liquid Pearl GTL Feed Gas Preparation Project (Qatar Shell, 2011) Riyadh PP 11 Independent Power Project (Dhuruma Electricity Company, Saudi Arabia, 2013) Sabiya Combined Cycle Gas Turbine Project Combined (Ministry of Electricity and Water, Kuwait, 2013) Cycle/ Al Dur Independent Water and Power Project Simple Cycle (Al Dur Power & Water Co., Bahrain, 2012) Power Plant Marafiq Independent Water and Power Project (Jubail Water and Power Company, Saudi Arabia, 2010) Shaybah Power Generation Project (Saudi Aramco, Saudi Arabia, 2008) Tihama Cogeneration Expansion Project Stage II (Tihama Power Company, Saudi Arabia, 2015(E)) Cogeneration Saudi Aramco 3rd party Cogeneration Program (Tihama Power Company, Saudi Arabia, 2006) Jeddah South Power Plant (Saudi Electricity Company, Saudi Arabia, 2017(E)) Shuqaiq Power Plant Thermal (Saudi Electricity Company, Saudi Arabia, 2018(E)) Namjeju #3&4 Thermal Power Plant (KEPCO, Korea, 2007) Makkah-Taif Thermal Power Plant (Saline Water Conversion Corporation, Saudi Arabia, 1989) Desalination Plant Taweelah A1 (ADWEA, UAE, 2002) Taweelah B (ADWEA, UAE, 1995) Umm Al Nar West (ADWEA, UAE, 1982) Al Khobar Phase 2 (SWCC, Saudi Arabia,1981) New Orders by Type (mil. USD) Dec Power Plants 1,727 1,412 1, ,510 4,285 6 Chemical Plants/ Plant equipment 349 1, , ,250 Total 2,076 2,826 2,010 1,014 4,077 4,396 1,256 Major Projects in 2012/2013/2014 Jeddah South (Oct. 2012) Shuqaiq Power Plant (Aug. 2013) Clean Fuel Project (Apr. 2014) bil. USD / Saudi Electricity Company, Saudi Arabia - 2,400MW Oil fired Conventional Power Plant bil. USD / Saudi Electricity Company, Saudi Arabia - 2,640MW Oil fired Conventional Power Plant bil. USD / Kuwait National Petroleum Company, Kuwait - Upgrade and expansion of Refinery 30

31 Engine & Machinery Marine Engine & Equip. Marine & Industrial Turbine Industrial & Marine Pump Industrial Robot & System Marine Propeller 31

32 Overview Engine & Machinery Sales Contribution (2013) Sales Breakdown by Product (2013) Engine & Machinery 9.0% Hydraulic Machinery 7% Power Plant Engine 6% Robotics 9% Marine Engine 78% * Non-Consolidated basis * Non-Consolidated basis Annual Sales & New Orders (Unit : sales - bil. KRW, New order mil. USD) 5,000 4,646 4,000 3,248 3,176 2,772 2,835 3,096 2,967 3,000 2,522 2,283 2,313 2,425 1,880 1,858 2,000 1,646 1,220 1,452 1, Sales New Orders * Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP. Main Products & Capacity Two-Stroke Diesel Engines (500 units, 18 mil. BHP) Four-Stroke(HiMSEN) Engines (1,800 units, 5 mil. BHP) Diesel and Gas Power Plant Engines Propellers and Crankshafts Steam Turbines and Turbochargers Industrial and Marine Pumps, Industrial Robots, Side Thrusters Presses, Conveyor Systems, and Steel Strip Process Lines Operational Highlights Surpassed cumulative four-stroke engine production of 20 mil. bhp (Mar. 2010) Production of eco-friendly marine engine meeting new IMO standards (Mar. 2010) Received a 95MW PPS order from Venezuela (Apr. 2010) Received a 75MW diesel power plant order from Bangladesh (Apr. 2010) Development of high output eco-friendly gas engine (May 2010) - 20% reduction of CO 2 emission and 97% reduction of NO X emission Surpassed cumulative two-stroke engine production of 100 mil. bhp (Sept. 2010) Production of 1,000 th Packaged Power Station (Jul. 2012) 32

33 Performance Engine & Machinery Major Projects in 2010, 2011 Diesel Power Plants order from Bangladesh (Apr. 2010) - USD 70 mil. order for 70 MW diesel power plants from Bangladesh Power Development Board (BPDB) PPS order from Venezuela (Apr. 2010) - USD 160 mil. order for 204 MW, 120 Packaged Power Stations from electricity company Electricidad de Caracas, Venezuela Diesel Power Plants order from Ecuador (May 2011) - USD 74 mil. order for 140 MW diesel power plants from Equitatis, Equador Eco-friendly Engine products Eco-Friendly Diesel Engine -15 % reduction of NOx emission meeting new IMO standards High output Eco-Friendly HiMSEN Gas Engine - 20% reduction of CO2 emission compared to diesel engine - 97% reduction of NOX emission to reach the world s lowest level of 50ppm - 47% improvement in engine performance Market Share in 2013 (%) Large-size Marine Engine Medium-size Marine Engine Propeller Ship Engine New Orders by Region Diesel power plant Domestic Global % 11% 8% 8% 4% 6% 9% 9% 33% 39% 28% 44% 57% 45% 67% 92% 83% 87% 66% Domestic China Others 33

34 Electro Electric Systems Transformers Switchgears High Voltage Circuit Breakers Marine Electrical Equip. 34

35 Overview Electro Electric Systems Sales Contribution (2013) Sales Breakdown by Product (2013) Electro Electric Systems 11.0% Rotating Machinery 19% Others 5% Transformer 34% Switchgear 16% Low Voltage Circuit Breaker High Voltage Circuit Breaker 19% * Non-Consolidated basis 7% * Non-Consolidated basis 4,000 3,000 2,000 1,000 0 Annual Sales & New Orders 2,712 2,281 2,556 1,925 1,766 1,453 1,274 1,057 (Unit : sales - bil. KRW, New order mil. USD) 3,793 3,242 2,843 2,625 2,609 2,319 2,318 1, Sales New Orders * Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP. Main Products Transformers (up to 765kV, 1,300MVA), Gas Insulated switchgear(25.8kv~800kv), Low voltage Switchgear Low and Medium Voltage Circuit Breakers Rotating Machinery Power Electronics and Control Systems Operational Highlights Awarded Asia-Pacific Power Transmission Equipment Company of the Year by Frost & Sullivan (Aug. 2009) Received USD 0.25 bil. transformer order from South Africa (Nov. 2009) Received USD 0.6 bil. transformer order from the US (May 2010) Reached the transformer production milestone of 700,000MVA (Dec. 2010) Received 1,000 GIS order from Russia (Jun. 2011) 35

36 Performance Major performance Electro Electric Systems Major Projects US transformer long-term supply contract (May 2010) Project Type Major Projects - USD 600 mil. Order for supplying transformers ranging from 230kV to 500kV to Southern California Edison(SCE) for 10 years from 2010 to Largest transformer order to date Sales by Region Generator Installation Power Transmission & Mutation Installation Iron Manufacture Installation West Generating Project (U.S.A) British Columbia Hydro & Power Authority (Canada) NUEVA VENTANAS 240MW Coal Fired Power Project (Chile) 35% 38% 49% 51% 46% 54% 3% 4% 3% 18% 2% 29% 8% 21% 2% 16% 7% 20% 18% 7% 23% 11% 6% 4% 2% 5% 1% 3% 5% 4% 3% 4% 6% 9% 1% 5% 14% 14% 14% 11% 12% 10% Water Treatment & Cement & Petrochemical Installation Automotive Goods Marine Goods Ocean Installation Marine Steam Turbine KODECO IKC Project (Indonesia) Seoul Metro (South Korea) Royal Nedlloyd Group (Netherlands) Al-Jubail Saline Water Conversion (Saudi Arabia) Hyundai Merchant Marine LNG Carrier 22,000MW Marine Steam Turbine (South Korea) Domestic Others Middle East Europe Africa Asia North America * The sales of Green Energy division is not included in 2011 & 2012 results Know-how Export Gas Insulated Switchgear : TATUNG Company (Taiwan) * 2007 ~ 2009 sales are based on K-GAAP. Fresh Water Installation Shuweihat S2 IWPP Project (U.A.E.) 36

37 Construction Equipment Mini Excavator Crawler Excavator Wheel Excavator Wheel Loader Forklift Truck Skid Steer Loader 37

38 Overview Construction Equipment Sales Contribution (2013) Sales Breakdown by Product (2013) Construction Equipment 11.0% CKD 9% Others 9% Skid Loader 1% Wheel Loader 11% Excavator 54% Folk Lift 16% * Non-Consolidated basis * Non-Consolidated basis Annual Sales (Unit : sales - bil. KRW) Main Products 3,500 3,000 2,500 2,275 3,052 3,120 2,723 Excavators (Local 16,000 units, China 18,874 units, India 1,800 units) Wheel Loaders (2,900 units) Forklifts (9,500 units) Skid Loaders (600 units) 2,000 1,500 1,198 1,512 1,769 1,190 Operational Highlights 1, * Non-Consolidated basis, 2005 ~ 2009 sales are based on K-GAAP. Introduction of Hi-Mate remote management system (May 2009) 9-series excavators recognized at Korea s Pin-up Design Awards (Dec. 2009) Introduction of new 9-series wheel loader (May 2010) Breaking ground for wheel loader factory in China (Jul. 2010) Introduction of 120-ton excavator (Apr. 2011) Production of 350,000 th construction equipment (Oct. 2011) 38

39 Performance Excavators Sales in China Construction Equipment Excavator Sales in China 180, , ,000 90,000 60,000 30, ,500 60,856 Market size(left) HHI(Right) 71,767 9,138 9,495 8,377 93,237 10, , ,908 18,467 17, , ,917 84,573 8,540 7,532 3, Dec Construction Equipment Sales by Region 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Dec 2013 Dec 2014 YoY Market 104,925 84, % H H I 7,532 3, % M/S 7.2% 4.4% -2.8%p (Source : China construction machinery association) HHI s Excavator Market Share by Region 39% 49% 39% 38% 48% 54% 45% 14% 6% 25% 27% 11% 5% 19% 5% 20% 4% 18% 17% 16% 28% 22% 17% 9% 21% 17% 8% 3% 6% 7% 3% 4% 6% 10% 15% 6% 6% 2% 3% 3% 3% 2% ~ 2009 sales are based on K-GAAP. Others includes Russia (9%), Middle East (9%), Africa (8%), Southeast Asia (7%), Turkey, Australia and etc. Others Brazil China Domestic Europe North America India (Source : Company data) Domestic 28.0% 32.1% 27.5% 27.9% Global (Exclude Japan) 9.7% 10.0% 9.0% 7.8% China 11.3% 10.2% 8.1% 7.2% India 11.1% 14.4% 17.7% 19.7% 39

40 Green Energy Solar Power Wind Power 40

41 Solar Power 600MW capacity of solar cell & solar modules and solar inverter to provide total solution Solar cell & solar modules, solar inverter production facility in 2013 Solar Cell Solar Module Thin-film Solar module Solar System (Inverter) Picture Facilities Solar Cell Plant (Eumseong, Korea) Solar Module Plant (Eumseong, Korea) Hyundai Avancis (Ochang, Korea) Electro Electric Systems Division (Ulsan, Korea) Annual Capacity (2013) 600MW 600MW 100MW 500MW Details - Mono-crystalline, Poly- crystalline solar cells produced - 54 cell(6x9), 60 cell(6x10), 72 cell(6x12) modules produced - JVC with Saint-Gobain (50:50) - CIGS (Cu, In, Ga, Se) thin-film solar module produced - Grid-Tied Solar Inverter with/without transformer Capacity and Sales Capacity Cell (MW) Modules (MW) Sales (KRW bil.) % of total HHI Sales % % % % % % % The above capacity expansion and sales plan is subject to change according to the market situation. The above sales is total sales of Green Energy division. Solar Product Certification - UL IEC edition 2, IEC (TUV) - J-PEC - JET Cert - CE Declaration - MCS (UK) - CSTB (France) - Ammonia resistance (IEC 62716) - Salt mist (IEC ed.2) 41

42 Wind Power Wind Turbine Production facilities Company Name Details Wind Turbine System Structure Wind Turbine plant (HHI) - Located in Gunsan, Korea - Annual Capacity: 600MW Nacelle Part (Installed in Tower) Weihai Hyundai Wind Power Technology - Located in Weihai, China - Annual Capacity: 600MW (2MW X 300 units) - JVC with Datang Shandong Power Generation (80% by HHI) Jahnel-Kestermann (Jake) - Located in Bochum, Germany - Annual Capacity: approx. 500 units of gearbox HHI s Products & Certification Model Rated Power (MW) Gear Type Installation Type On Market HQ Geared Onshore Jun HQ Geared Onshore Jun HQ Geared Offshore Feb * On Market: based on proto-type installation date Gear box (Jake) Generator (HHI) - HHI s production : Nacelle part Power converter (HHI) - Outsourcing : Rotor Part (Blade, Hub), Tower Transformer (HHI) 42

43 Subsidiaries 43

44 Hyundai Oilbank At a Glance Facilities & Products Production Capacity 390,000B/D #1 : 110,000 B/D, #2 : 280,000 B/D Completion of # 2 HOU Plant 34.4% With the completion of # 2 HOU plant in Jan., 2011, Hyundai Oilbank achieved a ratio of 34.4%, the highest upgrading ratio in the industry Domestic Light Oil Market Share 22.1% Crude oil 100% (390,000 b/d) Refining Unit Bunker C 44% LPG, Naphtha, Gasoline 19% Kerosene, Diesel 37% Upgrading Unit Gasoline, LPG 46% Diesel 37% Propylene 9% Others 8% Total CAPEX : KRW2.6 tril. (Jul ~ Feb. 2011) HHI s Management Control 91.1% Acquired by HHI in Aug.,

45 Hyundai Oilbank Income Statement (Unit: KRW billion) Q (Cumulative) 18, , ,295.6 Sales 18, , , ,237.3 Operating Operating Income % Income Sales Net Income % Financial Position (Unit: KRW billion) Q 215.1% 194.6% 181.6% Total Assets 8, , , ,352.1 Total Liabilities 5, , , ,243.5 Total Shareholder s Equity Liabilities-to- Equity Ratio(%) 2, , , ,108.6 * The financial information of 2009 is based on K-GAAP , , , Assets Liabilities-to- Equity Ratio 45

46 Hyundai Samho At a Glance Backlog by Shiptype ( ) Production Capacity - Delivered 42 vessels in # of dry docks : Sales Target 4.3 mil. GT 4,563 bil. KRW FPU 3% LPG Carrier 11% PCTC 9% LNG Carrier 20% Semi Submersible Rig/ HLV / F Dock 9% Containership 20% Bulker 8% Tanker 20% 2014 Order Target 4,000 mil. USD Backlogs as of Dec on a delivery basis : 87 vessels, USD 9.14 bil. The above data is based on the amount New Orders in Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Target Achievement Details (mil. USD) # of ship % Amount (mil. USD) 5,350 1, ,807 4, % New Orders in Containerships (1,119) -12 Tankers (975) -4 PCTCs (298) -4 Bulk Carriers (246) -1 LPG Carrier (79) -Others (90) New Orders in 2013 (65 vessels) -9 Containerships (1,029) -12 LPG Carriers (907) -6 Tankers (495) -12 PCTCs (841) -11 Bulk Carriers (653) -11 P/Cs (547) -2 LNG Carriers (420) -1 FPU Hull (270) -1 High Lift Vessel (188) 46

47 Hyundai Samho Income Statement (Unit: KRW billion) Q (Cumulative) Sales 4, , , ,961.4 Operating Income , , ,506.2 Operating Income Sales % Net Income % Financial Position Q Total Assets 6, , , ,352.3 Total Liabilities 3, , , ,218.9 Total Shareholder s Equity Liabilities-to- Equity Ratio(%) * The financial information of 2009 is based on K-GAAP. (Unit: KRW billion) 3, , , , % 109.1% 97.8% 6, , , Assets Liabilities-to- Equity Ratio 47

48 Financial Performance 48

49 Financial Summary (Consolidated) Sales Operating Profit Net Income (Bil. of KRW) (Bil. of KRW) (Bil. of KRW) 60, , , ,000.0 OP OP Margin 30% 60,000.0 NI NI Margin 30% 40, , Sales 37, , , % 8.5% 5, , % 2, % % 10% 0% 40, , % % 1.9% 4, , % 1, Q (Cumulative) 37, % 53, % 54, % 54, % 38, % Operating Profit 5, % 4, % 2, % % (3,227.2) -8.3% Shipbuilding 2, % 2, % 1, % % (1,913.0) -16.2% Offshore % % % % (412.6) -13.3% Industrial Plant % % % % (1,051.9) -69.6% Engine & Machinery % % % % (3.3) -0.3% Electro Electric % % (74.3) -2.6% % % Construction % % % % % Green Energy - - (175.0) -46.0% (106.3) -31.5% (103.2) -32.8% (10.4) -4.4% Refinery % % % % % Finance services % % % % % Others (239.2) - (304.3) - (314.6) - (293.2) - (196.4) - Net Income 4, % 2, % 1, % % (2,168.2) -5.6% 20% 10% 0% (Bil. of KRW) 49

50 Financial Summary (Consolidated) Assets Liabilities & Total Debt Shareholder s Equity (Bil. of KRW) (Bil. of KRW) (Bil. of KRW) 60, , , , , , , , , , , , , , , , , , , , , , , , (Bil. of KRW) Q Total Assets 46, , , , ,981.7 Current Assets 22, , , , ,304.7 Cash& Cash Equivalents 1, , , , ,603.9 Non Current Assets 23, , , , ,677.0 Total Liabilities 30, , , , ,132.8 Current Liabilities 26, , , , ,938.5 Non-Current Liabilities 4, , , , ,194.3 Total Shareholder's Equity 16, , , , ,848.9 Liabilties-to Equity Ratio 192.4% 169.6% 162.9% 179.6% 220.4% Debt-to-Equity Ratio 61.4% 60.8% 79.1% 83.3% 92.6% Total Debt 9, , , , ,

51 Financial Summary (Non-Consolidated) Sales Operating Profit Net Income (Bil. of KRW) (Bil. of KRW) (Bil. of KRW) 40, ,000.0 OP OP Margin 20% 40,000.0 NP NP Margin 15.9% 30, , , % 10.5% 15% 22, , , , % 20, , % 20, % 4.4% 10, , % 5% 10, % 3, , , , , , % % 15% 10% 5% 0% (Bil. of KRW) Q (Cumulative) Sales 22, % 25, % 25, % 24, % 16, % Operating Profit Net Income 3, % 2, % 1, % % (1,914.6) -11.5% Shipbuilding 1, % 1, % % % (459.9) -4.4% Offshore % % % % (412.7) -21.1% Industrial Plant % % % % (987.9) -26.3% Engine & % % % % % Electro Electric % % (58.7) -2.1% % % Construction % % % % % Green Energy - - (172.7) -46.0% (103.1) -30.0% (100.8) -32.3% (8.7) -5.3% Others (245.3) - (270.7) - (290.5) - (284.6) - (231.2) - 2, % 1, % 1, % % (1,569.6) -9.4% 51

52 Financial Summary (Non-Consolidated) Assets Liabilities & Total Debt Shareholder s Equity (Bil. of KRW) (Bil. of KRW) (Bil. of KRW) 40, , , , , , , , , , , , , , , , , , , , , , , , , , , , (Bil. of KRW) Q Total Assets 28, , , , ,760.6 Total Liabilities Current Assets 11, , , , ,399.6 Cash& Cash Equivalents Non Current Assets 17, , , , , , , , , ,042.1 Current Liabilities 14, , , , ,014.4 Non-Current Liabilities 1, , , , ,027.7 Total Shareholder's Equity Liabilties-to Equity Ratio 13, , , , , % 103.3% 101.7% 106.2% 131.5% Debt-to-Equity Ratio 26.4% 26.9% 43.1% 47.5% 50.2% Total Debt 3, , , , ,

53 2014 Business Plan (Non-Consolidated) 40, , , , Sales (bil. KRW) +9.4% 26, , (E) (E) Change Shipbuilding 10, , % Offshore & Engineering 4, , % Industrial Plant 1, , % Engine & Machinery 2, , % Electro Electric Systems 2, , % Construction Equipment 2, , % Green Energy % Others % Total 24, , % 40, , , , New Orders (mil. USD) +8.0% 27, , (E) (E) Change Shipbuilding 9, , % Offshore & Engineering 6, , % Industrial Plant 4, , % Engine & Machinery 2, , % Electro Electric Systems 1, , % Construction Equipment 2, , % Green Energy % Total 27, , % 53

54 Sales by Division (Non-Consolidated) Sales (bil. KRW) Target Nov. Achievement Full Year Nov. Achievement Shipbuilding 9,619 8, % 10,159 9, % Offshore & Engineering 5,134 3, % 4,753 4, % Industrial Plant & Engineering 3,130 2, % 1, % Engine & Machinery 2,463 1, % 2,313 1, % Electro Electric Systems 2,638 1, % 2,609 2, % Construction Equipment 3,100 2, % 2,723 2, % Green Energy % % Others % % Total 26,570 20, % 24,283 21, % * The financial information above is based on K-IFRS * The backlog above is on a delivery basis 54

55 New Orders by Division (Non-Consolidated) New Orders and Backlog (Mil. USD) New Orders Backlog 2014 Target Dec. Achievement Target Dec. Achievement Dec. Shipbuilding 9,150 6, % 7,750 9, % 18,550 Offshore & Engineering 6,900 6, % 6,000 6, % 21,704 Industrial Plant & Engineering 5,000 1, % 6,000 4, % 9,983 Engine & Machinery 2,900 1, % 3,100 2, % 3,242 Electro Electric Systems 2,424 2, % 3,160 1, % 2,076 Construction Equipment 2,837 2, % 3,272 2, % - Green Energy % % 141 Total 29,565 19, % 29,676 27, % 55,696 * The financial information above is based on K-IFRS * The backlog above is on a delivery basis 55

56 2014 Business Outlook 2013 Trend 2014 Outlook Shipbuilding Offshore & Engineering Industrial Plant & Engineering Engine & Machinery Electro Electric Systems Construction Equipment Green Energy Improvement in volume - The owners took advantage of low vessel prices and demand for the eco-friendly specification increased significantly. Favorable market demand - Bolstered by strong oil prices, offshore resource development continued to increase in Northern Europe, Australia, Southeast Asia and Africa. Competition intensified - Market continued to grow, driven by infrastructure for the industry in the Middle East and Southeast Asia, but became increasingly competitive. Sluggish demand - The marine engines market experienced a sluggish demand as it lags behind the shipbuilding demand. Oversupply Continued -The global electric market grew but remained oversupplied and highly competitive Sluggish demand - Market continued to shrink due to slowing demand in emerging markets, especially China and India. Gradual recovery - Rapid demand increase in Japan and China, and global market restructuring relieved oversupply and stabilize pricing. Improvement in pricing - Shipbuilding demand is expected to decline slightly. (2013: 99 mil.cgt, 2014(E): 66 mil. CGT, *Source: Clarkson) - Newbuilding prices are expected to recover as major shipyards secured optimal level of backlog. Favorable market demand - Shale gas production, fall in oil prices may raise volatility risks in the market. - Offshore resource development will continue to grow and demand for Offshore facilities in Australia & Southeast Asia and deep sea field development in North America & Brazil are expected to rise. Competition eased - Market continued to grow driven by infrastructure for the industry in the Middle East and Southeast Asia. Also, competition among South Korean E&C companies is forecasted to ease to accelerate profit recovery. Gradual Improvement in market demand - Marine engine market is expected to improve gradually from the second half of 2014 Gradual Improvement in market demand - Replacement demand for an aging equipment in developed countries and demand for power infrastructures in the Middle East and Asia will mitigate supply-demand imbalance. Gradual recovery - Demand recovery in the US, the Middle East and China is expected despite sluggish demand is expected to continue in Southeast Asia and Latin America. Oversupply eased - Government incentives in Japan, China, U.S markets are expected to drive growth. - Supply-demand imbalance will be continuously mitigated due to the demand increase and market restructuring. 56

57 Q & A 57

58 Thank You *For More Information IR Team Tel: , 4546, 7858 Fax: Website: (Company) / (IR) 58