2016 Hankook Tire

1y ago
41 Views
2 Downloads
812.91 KB
15 Pages
Last View : 2d ago
Last Download : 3m ago
Upload by : Maxton Kershaw
Transcription

2016 Hankook Tire 3rd Quarter Results 2016. 11

The information in this presentation is based upon management forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, accuracy and completeness of all information available from public sources of which was provided by us or which was reviewed by us. The information in this presentation does not take into account the effects of a possible transaction or transactions involving an actual or potential change of control, which may have significant valuation and other effects.

3rd Quarter Overview Financial Highlights 3Q Sales 1,657.6 Billion KRW, Operating Profit at 297 Billion KRW (OPM 17.9%) 3Q YTD Sales 5,011 Billion KRW, Operating Profit 858.6 Billion KRW (OPM 17.1%) Sales growth in Europe and China RE markets, decent OE growth in mature markets and strong OE sales growth in China 3Q UHP Revenue mix at 34.2%, up 3.6%p YoY Major Events Opening of new R&D center ‘Hankook Tire Technodome’ - Expected to pioneer future tire technology through evolutionary R&D Expanding Europe Truck tire business - Start supplying OE tires to Scania and intensifies partnership with ‘Schmitz Cargobull’ 3

HKT TECHNODOME Hankook Tire reveals new R&D center ‘Technodome’ 1 Comprehensive Tire Research Laboratory Location: Daejeon, South Korea Floor space 96,328 Investment: KRW 266.4 billion Designed by Foster and Partners 2 Foundation for Future Tire Technology Encouraging innovative thinking and efficient collaboration, addressing rapid change and satisfying needs of both OE and RE customers. Equipped with high-tech facilities; driving simulator, SPMM(suspension parameter measuring machine), anechoic chamber etc., the facility will help develop future technologies and improve original technologies. 4

Expanding Europe TBR Business Expanding TBR OE and Fleet Business in Europe 1 New partnership with Scania Starting Nov. 2016, Hankook will supply 18 tire dimensions to Scania’s R-series, P-series and G-series Adding Scania to the list, Hankook now supplies OE tires to Europe’s major commercial manufacturers including Mercedes-Benz Truck and Volkswagen’s MAN Truck. 2 Intensifying partnership with Schmitz Cargobull Hankook expands partnership with Europe premium truck trailer manufacturer ‘Schmitz Cargobull’ After starting business in 2013, the two parties recently signed and sealed details for long term cooperation Hankook will continue to focus on expanding mega fleet business in mature markets 5

2016 3Q Results 3Q Overview Financial Highlights 1) Performance : Sales Results by Region 2) Stability : B/S Appendix

2016 3Q Financial Highlights

Financial Highlights 2016 3Q Global Performance [100 Million KRW, %] 2015 3Q 2016 2Q 2016 3Q QoQ YoY Sales 17,253 17,274 16,576 -4.0% -3.9% COGS 11,062 10,379 10,072 (64.1%) (60.1%) (60.8%) -3.0% -8.9% Operating Profit 2,417 3,103 2,971 (14.0%) (18.0%) (17.9%) -4.3% 22.9% 2,189 (12.7%) 3,107 2,669 (18.0%) (16.1%) -14.1% 21.9% 3,637 4,332 4,306 (25.1%) (26.0%) -0.6% 18.4% Ordinary Profit EBITDA (21.1%) 8

1) Performance - Regional Korea [Unit: Billion KRW, %] China [Unit: Billion KRW, %] 44.3 26.6 316 27.7 2015 3Q 38.1 28.6 39.5 40.6 40.8 217 213 26.3 346 96 84 232 28.8 250 2015 4Q Tire sales 267 280 274 77 80 72 189 221 98 79 88 87 117 123 121 129 126 2015 3Q 2015 4Q 2016 1Q 2016 2Q 2016 3Q 72 190 200 202 2016 1Q 2016 2Q 2016 3Q UHPT sales sales UHPT 매출액대비 UHPT sales/Tire sales (%) Slight decline in RE sales due to weak demand Poor OE sales due to Auto maker’s labor strike 200 Tire sales UHPT sales UHPT sales/Tire sales (%) 매출액대비 UHPT sales RE sales increased benefiting from improvements in retail and product mix Strong OE sales with government’s tax cut and increased supply to OE manufacturers 9

1) Performance - Regional Europe [Unit: Billion KRW, %] 41.9 34.9 41.5 36.0 524 497 405 525 North America 37.6 534 30.6 507 208 218 201 259 289 307 333 352 2015 4Q 2016 1Q 2016 2Q 2016 3Q 2015 3Q 183 155 146 341 2015 3Q Tire sales UHPT sales UHPT sales/Tire 매출액대비 UHPTsales sales(%) 33.7 [Unit: Billion KRW, %] 36.5 36.4 484 35.6 460 471 155 172 176 162 305 299 308 293 2015 4Q 2016 1Q 2016 2Q 2016 3Q Tire sales UHPT sales 455 UHPT sales/Tire sales (%) 매출액대비 UHPT sales Winter tire sales drove RE sales growth in major markets RE sales declined due to unfavorable market situations OE sales stable YoY OE sales slightly up due to increase of pick-up supply 10

2) Stability : B/S Asset [100 million KRW] 97,662 94,961 83,201 94,961 12,951 14,303 [100 million KRW] Liability & Equity 83,201 29,069 14,460 30,693 44,560 44,940 97,662 28,831 14,485 13,227 51,407 55,604 7,343 40,204 28,537 2014 Inventory 45,165 35,718 40,151 2015 2016 3Q Tangible Asset Etc. 2014 2015 Current Non-Current 2016 3Q 2016 2Q Equity [100 Million KRW] Liability Ratio Net Worth to Asset Net Debt Ratio Net Debt Amount 88.7% 53.0% 49.4% 84.7% 80.2% 76.3% 75.6% 54.1% 55.5% 56.7% 56.9% 41.6% 41.1% 37.0% 36.0% 25,065 21,403 2015 3Q 2015 4Q 21,639 2016 1Q 20,300 2016 2Q 20,003 2016 3Q 11

End of The Document

Appendix. Raw Material N/R : Trending between 1,350 1,450. Surge of synthetic rubber, strong demand in China and severe rainstorm in Thailand raised price and tightened supply. S/R : Asia’s spot butadiene(BD) price spiked with utilization issues aligned with the Hangzhou G20 Summit and National Holiday. BD prices will continue show an upward trend with strong demand from China and tightened supply. Raw Material Price Trend [USD/ton] TSR20 3,000 BR 1,998 1,731 2,000 1,422 1,629 1,000 1,506 1,227 1,516 1,450 1,344 1,317 1,200 1,147 1,432 1,492 1,375 1,319 2016 2Q 2016 3Q 1,166 1,159 1) TSR20 : SICOM price (Natural Rubber) 2) BR(Butadiene Rubber) : ICIS CFR SE Asia average price 0 2014 3Q 2014 4Q 2015 1Q 2015 2Q 2015 3Q 2015 4Q 2016 1Q 13

Appendix. F/S – Consolidated B/S [KRW 100 Mil] 2015 Amt. 2016 3Q % Amt. Diff. % Amt. % Assets 94,961 100.0% 97,662 100.0% 2,701 2.8% Current Assets 33,887 35.7% 36,784 37.7% 2,897 8.5% Cashable assets 7,553 8.0% 9,172 9.4% 1,619 21.4% Accounts receivable 11,307 11.9% 12,604 12.9% 1,297 11.5% Inventories 14,303 15.1% 12,951 13.3% -1,352 -9.5% 61,074 64.3% 60,878 62.3% -196 -0.3% 44,940 47.3% 44,560 45.6% -380 -0.8% Liabilities 43,554 45.9% 42,058 43.1% -1,496 -3.4% Current Liabilities 29,069 30.6% 28,831 29.5% -238 -0.8% Non-Current Liabilities 14,485 15.3% 13,227 13.5% -1,258 -8.7% Shareholders’ Equity 51,407 54.1% 55,604 56.9% 4,197 8.2% Debt 28,957 29,175 Net debt 21,403 20,003 Non-current Assets Tangible assets Liability Ratio 84.7% 75.6% Net Worth to Assets 54.1% 56.9% Net Debt Ratio 41.6% 36.0% 14

Appendix. F/S – Consolidated I/S [KRW 100 Mil] 2015 3Q Amt. 2016 2Q % Amt. 2016 3Q % Amt. % YoY QoQ (%) (%) Sales 17,253 100.0% 17,274 100.0% 16,576 100.0% -3.9% -4.0% COGS 11,062 64.1% 10,379 60.1% 10,072 60.8% -9.0% -3.0% Gross Profit 6,191 35.9% 6,895 39.9% 6,504 39.2% 5.1% -5.7% SG&A 3,774 21.9% 3,793 22.0% 3,533 21.3% -6.4% -6.9% Operating Profit 2,417 14.0% 3,102 18.0% 2,971 17.9% 22.9% -4.2% Other Revenue 759 4.4% 391 2.3% 311 1.9% -59.0% -20.5% Other Expense 652 3.8% 251 1.5% 647 3.9% -0.8% 157.8% Financial Revenue 344 2.0% 207 1.2% 494 3.0% 43.6% 138.6% Financial Expense 762 4.4% 419 2.4% 460 2.8% -39.6% 9.8% Equity-method gain (loss) 83 0.5% 77 0.4% 0.0% - - Income Before Income Tax 2,189 12.7% 3,107 18.0% 2,669 16.1% 21.9% -14.1% EBITDA 3,637 21.1% 4,332 25.1% 4,306 26.0% 18.4% -0.6% Depreciation 1,220 7.1% 1,230 7.1% 1,335 8.1% 9.4% 8.5% 15

1) Performance - Regional 10 Winter tire sales drove RE sales growth in major markets OE sales stable YoY RE sales declined due to unfavorable market situations OE sales slightly up due to increase of pick-up supply 341 259 289 307 333 183 146 208 218 201 34.9 36.0 41.9 41.5 37.6 2015 3Q 2015 4Q 2016 1Q 2016 2Q 2016 3Q Tire sales UHPT sales ·Ö x UHPT sales

Related Documents:

HANKOOK TIRE Original Equipment 1213 K415 S400 K715 HYUNDAI HANKOOK TIRES FITTED ON HYUNDAI CARS. Car Model Model Type Tire Size Tire Pattern OBS (: )-O/D (Overall )Diameter -S/W Section Width -O.S.D (Original Skid Depth) i30 K415 K415 K415 K415 S400 185/65R15 88H 195/65R15 91H 205/55R16 91H 225/45R17 91V T125/80D15 95M 618

Hankook Tire endeavors to produce high quality tires and to provide an immediate solution to consumer complaints referring to Hankook’s products. Hankook Tire regards accurate . T125/80D15 SONATA (NF SONATA) 215/65R15V 215/60R16V T125/80D16 EQUUS 235/55R17V 225/55R17V XL 225/55R17V XL 557 / 21.9 126 / 5.0 3.3 / 4.1

Tire Gauges TIRE REPAIR TIRE GAUGES Digital, lighted display, tire gauge 5-99 PSI Accuracy /- 1 PSI PSI and BAR settings Built-in tire depth gauge Victor Digital Carabiner Tire Gauge VIC 22-5-80003-8 Digital, backlit display, tire gauge 5-99 PSI . Rasp tools included for improved torque Includes (5) 4-inch .

These are tire charts for Checkered Flag Tire Beads. Scroll Down For Tire Charts Look at the correct section for your type tires 1. The tire beads DO NOT work with all tire sizes. If you do not see your tire size on the charts please contact us before you purchase. 2. If you are using PVC sewer pipe inside your tires as some sort of bead lock / run

Nov 13, 2013 · Receive a Visa prepaid card by mail for 20 when you buy 4 installed new Hankook Optimo H727 or Hankook RF10 ATm tires. Get up to an additional 40 by mail-in rebate when you purchase 4 select Hankook tires**. Receive a Visa prepaid card by mail for 80 when you buy 4

Goodyear Tire & Rubber Co. U.S. 18,800 Sumitomo Rubber Industries Ltd. Japan 7,400 Pirelli & C SpA Italy 6,400 Yokohama Rubber Corp. Japan 6,200 Hankook Tire Co. South Korea 5,100 Toyo Tire & Rubber Co. Japan 3,500 Cooper Tire & Rubber Co. U.S. 3,300 Triangle Group Co. China 3,300 Cheng Shin Rubber/Maxxis Taiwan 2,900

Sears Auto Centers, will carry a 100,000-mile limited tread-wear warranty. The first tire new line is being pro-duced by Hankook Tire Co. in South Korea, and will be formally called “RoadHandler Touring by Hankook.” It hit Sears outlets in November 2012 in 11 initial sizes. Moving forward, Sear

wide competition. Despite these circumstances, Hankook Tire achieved KRW 6.62 trillion in sales and KRW 1.10 trillion in operating profit. By implementing a premium brand strategy based on innovation, the company succeeded in supplying new-car tires for premium brand top models, such as the BMW 7 Series and Audi Q7, and by building sales of