CJ 2007
CONTENTS 2006 CJ IR Presentation Overview 4 Non-performing Asset Company Profile Vision & Mission 4 4 - & 4-4 - & 4 - - - - ROE / EPS - - DreamWorks Animation Net Asset Value (NAV) Disclaimer IR 1 1
Overview
COMPANY PROFILE Overview,, CJ CJ 1953 1996,. CJ 4,,.,.,,. CJ.,,, CJ. 3 3
VISION & MISSION Overview :, :, 4 4
Overview Global ( 2, 10 ) 1 Globalization Global Global Master-plan, Leading 5 5
4대 핵심사업 전략
CJ 4 &,, &. CJ 4.. CJ ᆞ CJ 21,,,. CJ 4,,.. 7 7
CJ (2006 ) 48% 11% 12% 27% & CJ (/) CJ ( /) CJ ( ) CP ( ) CJ () ( ) F&G () PT. CJI ( )... 8 CJ CGV () CJ ( ) () CJ () CJ (PP) CJ (SO).. 8 CJ ( ) CJ GLS () CJ Olive Young ( / )...
1, /, - (M&A / ) - - - - -Integration CJ Competency Business Environment / - 6 9 ᆞ -,, /, / 9 9
: : Global Player / ( ) R&D, CJ Competency / R&D R&D / 10 10 Business Environment / / Quality of life Block Buster
(,,,, ) Global Top-tier - - - Target - (Globalization ) -,,, -Leading company CJ Competency Business Environment Market Leadership / / - : CJ, CJ CGV, CJ - (PP / SO): CJ, CJ - : CJ - : CJ, IT,,, 11 11
(,,, Healthy & Beauty Store) / Top Player 1 / - - - / Global Market Place - - Global SCM / CJ Competency Business Environment ( ) -, (CJ ) CJ - Health & Beauty Store CJ ( CJ, Global Logistics) Supply Chain Management (SCM) - Global - One-Stop Service - Trend Health & Beauty 12 12
48% & 11% 7% 8% 9% 8.1 22.3% 15.7% 22.1% 2.1 2.6 4.1 0.5 0.7 12% 2003 2005 2010(E) 2003 2005 2010(E) 27% & 0.3 19% 0.8 20% 1.0 22% 3% 4% 1.3 1.8 7% 5.0 2003 2005 2010(E) 2003 2005 2010(E) -- 2005 13 13 (: )
- 4 4-2000 (50%) (CJ ) (CJ **) 2002 2004 CP 2005 (100%) 2006 CJ F&G (46.3%) 2004 * 2006 1996 CJ CGV* 1997 CJ 2000 CJ * 2002 CJ 2004 CJ ** 2006 CJ CJ, (95.5%) ** (20.4%) 1998 CJ GLS 2000 CJ ** 2002 CJ * ** & & 2000 2001,, 1995~ 2001 2002,, 2003 1 2004, Lion 2005 2006 DWS, DWA 15 15 4 2000
- CJ 1999 2005 & & 29% 3% 1% 26,447 55% 6.9% 8.8% 12.9% 53,774 12.3% 59.1% 12% CJ 1999 2006 () 16% 6% 12% 22,120 66% 5.9% 14.7% 26,504 79.4% 16 16
- (: ) 800 600 400 200 0 4 424 379-109 -120 200-200 -400 2000 2001 2002 2003 2004-425 2005 2006 2007(E) -600-800 -1000-866 17 17
- ROE / EPS EPS ( ) ROE (%) 6,216 5,236 4,753 4,769 4,553 12.5% 2,197 1,981 8.6% 10.2% 8.8% 9.0% 4.6% 4.4% 2000 2001 2002 2003 2004 2005 2006 * 18 18
- / (: ) 1,009 980 595 370 272 327 62.0 136.3% 122.2% 102.5%81.9% 88.6% 66.5% 107.3% 94.8% 66.9% 54.4% 61.8% 42.0% 105.4% 75.1% 2000 2001 2002 2003 2004 2005 2006 2000 2001 2002 2003 2004 2005 2006 19 19
- (: ) % 2006 2005 CJ - 19.2 CJ 0 59.5 & CP 71 99.6 CJ 0 95.8 6 100.0 F&G Subtotal - PT.CJI() - 100.0 Subtotal - CJ CGV 36.7 CJ 15 25.2 & CJ 3 100.0 CJ 0 60.2 Subtotal - CJ 100 33.9 Subtotal 20 20
Non-Core Asset
Non-Core Asset Information 30 160 : 2002.6. : 325,000 : 2006. 6. Coupon Rate: 2.41% ( ): 809 : 750,000 (2007 4 ) :2006. 5. 29 : 981 160 ( 8%) Valuation ( 21,600~39,500 ) - (): 32.5~75.0 - : 5,200 ~11,990-21,600~39,500 CJ value CJ value 22 22
DreamWorks Animation Non-Core Asset Information 1996 1 2004 11, (DWA) NYSE LEE (99.4%) DWA (28$) 77 : 218 2006 1, DreamWorks studio( SKG ) (4.95%) USD 35.8 million 2006 11, DreamWorks Animation (1.35%) (DWS) (DWA) ( : 1.35%) : 4.95% : 4.95% Valuation DWA - 490 ( : 10$) - Current Price 25.6$ (2006. 5. 23 ) - : (360 *27.7$) - ( 360*10$) = USD 6,372 (= 592) (2006 ) -CJ 592 Value 1,950 CJ Value ( 1,950 ) CJ value 23 23
Non-Core Asset Information () Valuation () * *, (: ) 673 6,000 (: ) 4,000 283 696 1,100 2,000 ( 15,080 ) CJ ( 4,000 Value ) (2005. 12. 31 ) 24 24
Net Asset Value (NAV) Non-Core Asset Net Asset Value (Net Asset Value ), CJ CJ CJ CJ F&G CP PT.CJI CJ CJ CGV CJ CJ CJ CJ CJ GLS F&G CJ CP CJ CJ PT.CJI CJ CJ CJ CJ CJ CJ GLS CJ CGV 42,500 (36%) CJ discount 42,500 25 25 CJ ( 117,500 ) ( 160,000 ) (2007. 7. 6 )
(:, %) 2006 2005 %* %* %** 26,504 24,599 1,905 7.7 17,561 66.3 16,483 67.0 1,078 6.5 8,943 33.7 8,116 33.0 827 10.2 7,026 26.5 6,191 25.2 835 13.5 1,917 7.2 1,925 7.8-08 -0.4 2,157 8.1 1,822 7.4 335 18.4 1,399 5.3 1,370 5.6 29 2.1 * % ** % 27 27
*,, % ** % 2006 2005 28 28 (:, %) %* %* %* 5,015 15.2 4,603 16.5 412 9.0 28,066 84.8 23,375 83.5 4,691 20.1 17,018 51.4 137,37 49.1 3,281 23.9 10,861 32.8 9,572 34.2 1,289 13.5 33,081 100.0 27,978 100.0 5,103 18.2 8,487 50.0 7,599 57.8 888 11.7 8,486 50.0 5,541 42.2 2,945 53.1 16,973 100.0 13,141 100.0 3,832 29.2 105.4 88.6 12,427 77.1 9,405 63.4 3,022 32.1 16,108 100.0 14,837 100.0 1,271 8.6
29 29 CJ CJ- (:, %) 4.6 4.4 7.5 9.5 7.2 ROE (%) 7,570 2,833 5,421 5,970 5,122 EPS ( ) 1.8 1.4 2.2 3.6 2.6 (%) 591 620 1,213 1,662 1,471 258 3,153 3,458 3,723 3,827 32,171 45,094 54,560 46,150 55,866 1,363 1,370 1,389 1,389 1,472 12,917 15,355 16,971 17,985 22,844 42,780 45,487 44,020 44,551 51,980 2000 2001 2002 2003 2004 6.0 3,785 2.2 1,378 3,408 62,611 1,820 22,464 72,003 2006 5.6 2.3 1,289 4,171 53,774 1,505 23,428 59,901 2005 4,283
DISCLAIMER 2006 CJ IR Presentation This presentation contains forward-looking statements with respect to the financial condition, results of operations and business of CJ and plans and objectives of the management of CJ. Statements that are not historical facts, including statements about CJ s beliefs and expectations, are forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of CJ to be materially different from any future results or performance expressed or implied by such forward looking statements. CJ does not make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained in this management presentation, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. Such forward-looking statements were based on current plans, estimates and projections of CJ and the political and economic environment in which CJ will operate in the future, and therefore you should not place undue reliance on them. And such estimates and projections are subject to change according to circumstances. Forward-looking statements speak only as of the date they are made, and CJ understates no obligation to update publicly any of them in light of new information or future events.,,. 30 30
*For More Information CJ Corp. IR Team E-mail: ir@cj.net Tel: +82-2-726-8593 Fax: +82-2-726-8219 Website: www.cj.co.kr