::: Tentative :::

1H 2011

Results

Jul. 2011

www.samsungengineering.com

Safe Harbor
Statement

The financial information in this document are consolidated earnings

results based on K-IFRS. Previous earnings results have also been
restated in compliance with K-IFRS.
This document is provided for the convenience of investors only, before
our external audit on 1H 2011 financial results of our headquarters is
completed. The audit outcomes may cause some parts of this
document to change. The audited figures of Samsung Engineering are
slated to be announced as part of 1H 2011 results by Aug 29 2011.

Contents

1H 2011 Results Summary

YoY Performance
Vs. Annual Target
1H 2011 Financial Updates
New Orders
Revenues
2Q
2011 Financial
Updates
2Q
Profit
Appendix
Income Statement
Statement of Financial Position
3 / 10

YoY Performance

1H 2011 Results Summary

(KRW bn)

New Orders
91.1%
91.1%

Revenues
81.0%
81.0%

Gross Profit
39.1%
39.1%

7,896.9
3,942.4
4,132.9

1H 2010

372.9

2,178.7

1H 2011

1H 2010

518.6

1H 2011

1H 2010

1H 2011

Operating Profit

Pre-tax Profit

Net Profit

77.2%
77.2%

50.5%
50.5%

40.8%
40.8%

321.7
325.8

213.8

233.9
166.1

183.9

1H 2010

1H 2011

1H 2010

1H 2011

4 / 10

1H 2010

1H 2011

1H 2011 Results Summary

Vs. Annual Target

(KRW bn)

Category

FY 2011 Target

1H 2011 Results

Achieved

New Orders

14,000.0

7,896.9

56.4%

Revenues

8,300.0

3,942.4

47.5%

Pre-tax Profit

660.0

321.7

48.7%

(%)

(8.0)

(8.2)

5 / 10

1H 2011 Financial Updates

New Orders
Hydrocarbon

I&I

New Orders

7,896.9

(KRW bn)

Abundant New orders in the I&I sector due to

product diversification
(KRW bn)

40.0%
4,132.9
64.5%

60.0%

35.5%
1H 2010

1H 2010

1H 2011

YoY Growth

Hydrocarbon

2,665.5

3,159.7

18.5%

I & I*

1,467.4

4,737.2

222.8%

New Orders
Total

4,132.9

7,896.9

91.1%

Backlog

16,360.5

20,464.8

25.1%

1H 2011

20,464.8

Backlog

16,360.5

1H 2010

1H 2011
* I&I : Industrial and Infrastructure

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1H 2011 Financial Updates

Revenues

Hydrocarbon

I&I

(KRW bn)

81.0%
81.0%

81% increase in revenues due to early

recognition of Samsung affiliated
projects and abundant backlogs

Revenues

3,942.4

(KRW bn)

`1H 2010

`1H 2011

YoY Growth

Hydrocarbon

1,780.1

2,557.8

43.7%

I & I*

398.6

1,384.5

247.3%

Total

2,178.7

3,942.4

81.0%

2,178.7
64.9%

81.7%

18.3%
1H 2010

35.1%
1H 2011

* I&I : Industrial and Infrastructure

7 / 10

2Q 2011 Financial Updates

Profit

(KRW bn)

Gross Profit

Operating Profit

47.9%
47.9%

66.2%
66.2%

254.4
163.9

Margin Trend
Gross Profit
Pre-tax Profit

Operating Profit
Net Profit

172.0
98.6

15.8%
12.0%
9.1%

2Q 2010

2Q 2011

Pre-tax Profit
29.1%
29.1%

2Q 2010

7.7%

2Q 2011

Net Profit

11.2%
7.5%

16.6%
16.6%

158.1
8.9%

122.5

112.5

5.3%

96.5

2Q 2010

2Q 2011

2Q 2010

2Q 2011

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2Q 2010

2Q 2011

Income Statement

APPENDIX
(KRW bn)

1H 2010
Revenues

1H 2011

YoY(%)

2,178.7

3,942.4

81.0%

Gross Profit

372.9

518.6

39.1%

Operating Profit

183.9

325.8

77.2%

Pre-tax Profit

213.8

321.7

50.5%

Net Profit

166.1

233.9

40.8%

GP Margin (%)

17.1

13.2

3.9p

OP Margin (%)

8.4

8.3

0.1p

PTP Margin (%)

9.8

8.2

1.6p

NP Margin (%)

7.6

5.9

1.7p

9 / 10

Statement of
Financial Position

APPENDIX
(KRW bn)

FY 2010

1H 2011

YoY (%)

Total Assets

3,534.9

4,660.9

31.9%

Current Assets

2,831.7

3,800.5

34.2%

703.2

860.4

22.4%

Total Liabilities

2,578.1

3,563.5

38.2%

Current Liabilities

2,404.6

3,334.3

38.7%

Long-term Liabilities

173.5

229.2

32.1%

Total Equities

956.8

1,097.4

14.7%

Capital Stock

200.0

200.0

56.6

56.6

937.8

1,079.8

15.1%

237.6

239.0

Non-current Assets

Paid-in Capital Over Par

Retained Earnings
Other Capital Adjustments

10 / 10