HMD 3.9 KCC 6.8 National Pension 9.1 Hyundai Motors 2.9 HHI Holdings 27.7 Asan Foundation 3.0 Others 46.5 Treasury Stock 0.1
1973 ~ 2010 2011 ~ 2018 12. 1973 Establishment of Hyundai Shipbuilding & Heavy Industries Co. Ltd. 04. 1975 Establishment of Hyundai Mipo Dockyard 05. 1989 Delivery of World`s biggest Jack (Exxon, 40,000 Ton) 06. 1994 Delivery of Korea`s first LNG Carrier 08. 1999 Listed on Korean Stock Exchange 11. 2000 Selected as a main contractor of the next Korean submarine Builder 02. 2001 Completion of the World`s largest deep-sea FPSO(343K Ton) 02. 2002 Separation from Hyundai Group and foundation of HHI Group 10. 2004 Launch of World`s first ship built on the ground (105K DWT Crude Oil Carrier) 02. 2009 Completion of H-Dock, eligible for 1,000K Ton FPSO construction 09. 2010 Surpassed cumulative 2-stroke engine production of 100 mil. BHP 04. 2011 Completion of World`s largest Saudi MARAFIQ power plant (2,750 MW) 02. 2014 Delivery of the World`s first LNG-FSRU 01. 2015 Recognition as the World`s Significant Ship for 32 consecutive yrs. 02. 2015 Completion of the World`s largest Cylindrical FPSO 12. 2015 Produced Eco-friendly Tier-III engine for the first time in the world 03. 2016 Breakthrough the production of accumulating 10,000 HMSEN Engines 10. 2016 Delivery of MOS type LNG Carrier 04. 2017 Business Spin-off 03. 2018 Rights Offering 08. 2018 Announcement of Corporate Governance Reform
[ Spin-off ] April 2017 HHI Holdings HHI HEE HCE HDO (*) (*)
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Shipbuilding Offshore & Industrial Plant Engine Machinery 3,248 2,425 2,646 4,646 10,899 603 595 2,662 1,295 3,798 4,344 720 796 11,426 1,566 898 3,987 2,186 14,238 14,574 1,880 2,843 19,907 29,358 5,054 20,773 1,452 5,178 640 2,283 5,079 8,545 3,176 5,494 16,795 1,858 6,149 11,871 20,948 1,995 7,261 10,806 1,860 2,830 12,417 979 711 5,914 1,001 298 9,852 1,363 2,000 13,176 845 114 8,706
Cost well exceeding chartered freight for 15 years+ ships 24.9 12.6
Demand Supply 523 304 297 268
Shipbuilding 52% Tanker 26% Container 28% LNGC 22% LPGC 14% Bulker 2% Naval 6% Others 2% Tanker 29% LNGC 20% CNTR 17% LPGC 4% Bulnker 7% Others 12% Naval 11% 9,003 10,905 9,487 9,766 10,159 9,512 9,349 7,849 6,143 4,061 8,736 7,536 6,192 5,984 6,805 4,833 4,680 3,877 4,702 444 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E) Sales New Order
2 2 Tanker 61% Container 2% LNGC 8% Others 10% LPGC 10% PCTC 9% Tanker 80% CNTR 1% LNGC 14% LPGC 2% Others 3% P/C 55% LPGC 22% Ro-Ro 7% Others 16% P/C 74% LPGC 6% CNTR 1% Ro-Ro 6% Others 13%
CNTR 20% Tanker 20% Others 24% Tanker 17% LPGC 21% LNGC 39% Bulker 8% CNTR 13% LPGC 8% LNGC 30% 2017 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Target # of Ships 48 3 3 1 3 9 1 10 2 32 - Amount 4,702 213 249 210 251 990 192 1,378 215 3,698 6,805
Bulker 5% LPGC 4% LNGC 36% Others 7% Tanker 22% CNTR 26% CNTR 19% Bulker 10% LPGC 4% Others 5% LNGC 27% Tanker 35% CNTR 32% LPGC 11% Others 1% P/C 56% Bulker Ro-Ro 3% 6% LEGC 5% LPGC 5% CNTR 11% Others 4% P/C 66% 2017 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total Target HMD HSHI # 64 5 4 3 7 6 5 12 3 45 - Amount 2,324 126 143 110 278 214 149 386 110 1,406 3.000 # 36 7 3 6 9-2 2-29 - Amount 2,826 743 194 696 1148-357 354-3,492 3,371
Offshore & Engineering 17% Fixed Platform 74% Fixed 75% Floaters 26% Floating 25% 6503 6005 4480 4,753 4,373 4,653 4,467 3,729 3,423 3,413 3,448 3069 2352 2,588 2072 1572 1600 1,173 395 264 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E) Sales New Orders
(Mil. USD) 2010 2011 2012 2013 2014 2015 2016 2017 '18.08 (As of Aug. 2018, Unit: Mil. USD) Fixed 1,501 2,121 1,621 454 4,406 718 69 72 21 Floaters 1,303 1,819 412 5,735 1,470 657 298 187-2 Pipeline 252 539 31 292 129 197 28 0 0 Others 13 1 8 22 0 0 0 5 0 Expected Delivery Major Project (Owner) Delivery basis Backlog Sales basis Competion Total 3,069 4,480 2,072 6,503 6,005 1,572 395 264 19 2020 (1 PJT) NASR 2 (ADMA-OPCO) 1,889 414 78.1% Others 0 130 Fixed Floating Type # of projects Platforms 92 Onshore Facilities & Others 16 Major Projects SHWE Platform (Daewoo Intl., 2013) Clair Ridge Platform (BP, 2016) Gorgon LNG Plant Modules (Chevron, 2016) Jack-up Rig 2 MSC Jack-up Rig (A. P. Moller 2004) FPSO 12 FPU 5 Goliat FPSO (Eni Norge AS, 2015) Quad 204 FPSO (BP, 2016) Moho Bilondo FPU (Total E&P Congo, 2008) TLP 2 West Seno TLP (Unocal, 2003) Total (1 Project) 1,889 544 Semi-Submersible Drilling Rig 3 Deepwater Horizon (R&B Falcon, 2000) Subsea Pipelines 35 Offshore Gas Spur Line (PTT PCL, 2011)
Industrial Plant 13% Oil & Gas 43% Plant Equip. 17% Power Plant 45% Oil & Gas 67% Plant Equip. 12% Power Plant 16% 4,077 4,396 4,174 2,826 2,826 2,761 1,898 2,010 1,480 1,014 1,259 2,429 1,256 1,258 2,240 1,360 1,001 316 34 400 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E) Sales New Orders
(As of Aug. 2018, Unit: $mil.) (Mil. USD) 2010 2011 2012 2013 2014 2015 2016 2017 '18.08 Power Plant 1,601 9 3,510 4,285 6 5 1 0 0 Projects Owner (Country) Expected Delivery Delivery basis Backlog Sales basis Completion Oil & Gas 409 1,005 567 111 1,250 1,253 315 34 95 Total 2,010 1,014 4,077 4,396 1,256 1,258 316 34 95 Shuqaiq Steam Power Plant SEC (Saudi) 2018 (PAC*) 3,261 117 96% Jazan Refinery & Thermal Project** Aramco (Saudi) 2018 342 37 89% Jeddah South (Oct. 2012) - 3.2 bil. USD / Saudi Electricity Co, - 2,400MW Oil fired Conventional Power Plant Clean Fuel Project ZOR Refinery Project KNPC (Kuwait) KNPC (Kuwait) 2018 1,096 14 98% 2019 1,087 525 52% Shuqaiq Power Plant (Aug. 2013) - 3.3 bil. USD / Saudi Electricity Co. - 2,640MW Oil fired Conventional Power Plant Others Total (4 PJTs) 853 277 6,639 970 Clean Fuel Project (Apr. 2014) - 1.1 bil. USD / Kuwait National Petroleum Company, Kuwait - Upgrade and expansion of Refinery * PAC: Provisional Acceptance Certificate ** Jazan Refinery & Thermal Proejct : Constructed by HHI`s overseas Corp.
Engine & Machinery 12% Large-sized Engine 64% Mid-sized Engine 9% Others 6% Sternpost 4% Power Plant Engine 12% Environmental Equip. 5% Large-sized Engine 62% Mid-sized Engine 8% Sternpost 6% Power Plant Engine 6% Others 5% Environmental Equip. 13% 3176 2283 1452 2,772 2,835 1858 3,096 2,967 2425 1996 2,313 2,110 1860 2,414 979 1001 2,060 1363 1,197 1,005 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (E) Sales New Orders
2,330.5-144.0-6.20% 2,151.4-116.7-5.40% 2,701.6 145.6 5.40% 273.2 14.5 5.30% 359.4 63.9 17.80% 819.8 25.3 3.10% 247.8-17.9-7.20% 247.5-22.8-9.20% 342.0 22.0 6.40% 130.9 7.1 5.40% 102.7-8.8-8.60% 186.2 26.3 14.10% 94.6 6.3 6.70% 59.5 2.5 4.10% 62.2-3.4-5.50% 47.4-41.7-122.0-41.9-134.0-67.4-3,124.4-175.7-5.60% 3,042.5-123.8-4.10% 4,245.8 148.4 3.50%
7.1
1,953.5-121.4-6.20% 1,837.0-78.1-4.30% 2,825.5 67.4 2.40% 624.2-82.4-13.20% 636.5-47.5-7.50% 732.8 51.6 7.00% 555.8 14.0 2.50% 538.9 17.9 3.30% 690.0 37.9 5.50% 113.6 5.8 5.10% 102.3 5.5 5.40% 90.7 6.4 7.10%
-300.9
3,124.4 2.7% -26.4% 3,042.5 4,245.8 3,082.8 2.1% -17.8% 3,018.3 3,751.1 41.6 71.9% -91.6% 24.2 494.7-175.7 Loss Turned Increase Loss-making -123.8 148.4-5.6% -1.5%p -9.1%p -4.1% 3.5% -125.2 - - -75.2 147.4-300.9 - - -199.0 295.8-67.2 - - -66.9 113.0-233.7 Loss Turned Increase Loss-making -132.1 182.8
547.7 0.4% -20.9% 545.4 692.3 507.1 1.9% -18.5% 497.8 622.2 40.6-14.7% -42.1% 47.6 70.1 18.7-18.7% -57.9% 23.0 44.4 3.4% -0.8%p -3.0%p 4.2% 6.4% -80.2 - - 92.0 301.6 7,725.9 6,776.2 6,546.3 473.5 562.2 804.4 6,301.3 5,080.5-1,804.6 1,543.2 2,680.0 7,045.0 5,904.7 5,471.8 456.4 462.4 2,870.2 5,734.6 4,498.9-63.9 75.6 1,496.1 - - 464.1-61.5 - - 115.0 346.0-10.8 - - 27.6 83.5 Turned Turned -50.7 Loss-making Loss-making 87.4 262.5 100.0 100.0 1,00.0 271.0 397.9 762.8 1,929.1 1,718.8 1,279.7 121.5 122.4 115.9
4,375 43.0% 22,421 11,938 1.5 3,483 51.2% 12,171 8,607 1.8 2 0.1% 1,889 584 0.5 86 21.5% 6,631 1,017 1.0 533 39.1% 1,730 1,730 1.7 1,406 46.9% 4,334 3,148 1.1 3,492 103.6% 6,873 5,405 2.1 9,273 56.1% 33,628 20,491 1.5 8,383 63.6% 25,267 21,075 2.1