4. Performance & Plan Ready for running on the track 2008 We never want a miracle, but just make the better our constitution for the sustainability 1. Industry Outlook 2. Company now and then, Business Results in 2007 Business Plans for 2008 3. Global Strategy 금호타이어 본자료의 2007년도실적부분은외부감사인의회계감사가완료되지않은상태에서투자자여러분들의편의를위하여작성된자료로서회계감사과정에서일부변동될수있음을양지하여주시기바랍니다. 본자료의 2008년도계획및목표는당사의합리적근거또는가정에기초하여성실하게작성된예측치로서사내외상황및여건에따라실제결과와상이할수있음을양지하여주시기바랍니다.
1. Industry Outlook 세계타이어시장현황 Global Top10 및연간매출성장율 (2005~2006 기준 ) ( 단위 : US$ mn) Rank Company 2006 Sales 2005 1 Bridgestone 19,400.0 18,333.0 2 Michelin 19,300.0 17,920.0 3 Goodyear 18,000.0 17,500.0 4 Continental 6,800.0 6,350.0 5 Pirelli 4,955.5 4,513.0 6 Sumitomo 3,702.7 3,616.4 7 Yokohama 3,185.5 2,965.8 8 Hankook 3,110.0 2,477.5 9 Cooper 2,676.2 2,155.2 10 KUMHO 2,448.0 1,911.4 Source : Tire Business 미국프리미엄타이어시장점유율 Rank Company 2006 MS(%) of HP/UHP 2005 2004 1 Goodyear 16.5% 17.0% 17.0% 2 Michelin 13.0% 13.0% 13.0% 3 Bridgestone 8.5% 8.5% 8.0% 4 BFGoodrich 6.5% 6.5% 6.5% 5 Yokohama 6.5% 6.0% 6.0% 6 KUMHO 6.0% 6.0% 5.5% 7 Toyo 6.0% 6.0% 6.0% 8 Falken 5.5% 5.0% 4.5% 9 Dunlop 4.5% 4.5% 5.0% 10 Firestone 4.5% 4.5% 4.5% 11 Continental 3.5% 3.0% 2.5% 12 Hankook 3.5% 3.0% 2.5% Source : Modern Tire Dealer 2
1. Industry Outlook 선진프리미엄시장의지속적성장 미국시장 HP/UHP 판매량추이 ( 단위 : 백만본 ) 53% 43.2 45.1 40.0 36.4 29.5 2002 2003 2004 2005 2006 미국프리미엄타이어시장비중 46% 22.6% 15.5% 2002 2006 3
1. Industry Outlook 세계타이어메이커동향 매출액대비투자규모 (2006 년기준 ) 매출액대비연구개발비 (2006 년기준 ) 9.6% 3.0% 8.6% 3.6% 3.1% 1.9% 5.4% 2.4% 5.6% 3.7% 10.4% 3.3% 8.2% 4.1% 2.3% 7.0% 0.9% 8.1% 4.2% Source : Tire Business 4
2. Company now and then / Business Results in 2007 2007 년경영실적 손익부문 매출액영업이익률 5.5% 4.4% 2,029,309 1,813,794 구분 2006 2007 증감율 매출액 1,813,794 2,029,309 11.9% 매출총이익 351,157 433,976 23.6% EBITDA 218,767 256,501 17.2% 영업이익 80,306 111,589 39.0% 경상이익 2,102-26,094 - 대차부문 구분 2006 2007 증감율 유동자산 591,413 691,125 16.9% 고정자산 1,818,369 1,793,065-1.4% 유동부채 818,211 719,092-12.1% 고정부채 681,645 881,852 29.4% 자본총계 909,926 883,246-2.9% 5
2. Company now and then / Business Results in 2007 2007 년손익변동분석 매출원가율판매관리비율광고선전비선임 (Shipment) 80.6% 78.6% 16.4% 41,458 90,336 14.9% 66,179 24,951 이자비용 (Netting) 파생상품손실 (Netting) 지분법손실 (Netting) 매출채권처분손실 58,838 19,970 34,455 31,563 23,510 17,282 29,060 5,595 6
2. Company now and then / Business Plans for 2008 2008 년사업계획 손익부문 매출액영업이익률 7.8% 5.5% 2,481,000 2,029,309 구분 2007 2008(P) 증감율 매출액 2,029,309 2,481,000 22.3% 매출총이익 433,976 595,090 37.1% EBITDA 256,501 343,000 33.7% 영업이익 111,589 193,000 73.0% 경상이익 -26,094 33,831 - 대차부문 구분 2007 2008(P) 증감율 유동자산 691,125 759,448 9.9% 고정자산 1,793,065 1,917,866 7.0% 유동부채 719,092 581,193-19.2% 고정부채 881,852 1,181,557 34.0% 자본총계 883,246 914,564 3.5% 7
2. Company now and then / Business Plans for 2008 2008 년분기별손익추정 분기별손익추정 2007 년 2008 년 매출액 2 조 293 억원 영업이익율 5.5% 매출액 2 조 4,810 억원 영업이익율 7.8% 매출액영업이익률 8.7% 7.0% 10.2% 4.3% 614,160 641,219 706,519 519,101 1Q 2Q 3Q 4Q 8
2. Company now and then / Business Plans for 2008 2008 년주요지표및가정 매출원가율판매관리비율광고선전비선임 (Shipment) 78.6% 76.0% 16.4% 16.2% 41,458 46,736 137,680 90,336 이자비용 (Netting) 파생상품손익 (Netting) 지분법이익지분법손실 97,101 2007 2,973 2008(P) 12,138 11,219 69,267 43,701 58,838-19,970 9
2. Company now and then / Business Plans for 2008 원재료추세및추정 5,000 4,800 (US$/Ton) 2008 estimation 4,600 4,400 4,200 4,000 3,800 3,600 3,400 3,200 N/Rubber S/Rubber T/Cord S/Cord C/Black B/Wire Chemical P/Oil 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Q1/06 Q2/06 Q3/06 Q4/06 Q1/07 Q2/07 Q3/07 Q4/07 H1/08(P) H2/08(P) 10
2. Company now and then / Business Plans for 2008 수출대행상품매출비중확대 ( 외주포함 ) 연도별수출대행상품매출추이 Resale from the low-cost areas 총매출대비율 28.3% 24.8% 19.2% 15.6% 9.9% 6.3% 2005 2008(P) 2009(E) 2010(E) 11
2. Company now and then / Business Plans for 2008 CAPEX 계획 국내 / 외설비투자계획 해외투자 ( 신규 ) 국내투자 ( 경상 ) ( 단위 : 억원 ) ( 단위 : 억원 ) 2006 625 2,089억원 1,464 1,119 2007 2,939 억원 1,820 1,825 2008(P) 3,977 억원 2,152 830 2009(E) 2,307 억원 1,477 12
3. Global Strategy 글로벌성장전략 Globalization to the sales 2009 해외생산비중 61% 국내생산비중 39% 미국 APU 완공 Globalization from production focused on the emerging markets 2005 국내외동시상장해외신증설시작 ( 중국 / 베트남 ) Strengthening Domestic business 2000 UHP 성형기국산화성공세계 10 대타이어사진입중국천진타이어매각 1960 국내기반구축 13
3. Global Strategy 글로벌마케팅전략 Advanced Technology & Relationship Dynamic Motor Sports BP Ultimate Masters of F3 Le Mans 24 Hours ALMS(American Le Mans Series) F3 Euro Series Innovative UHP Run-Flat Tires Aroma Tires X-Speed Tires Smoke Tires Color Tires Aviation Tires Premium OEM Benz Chrysler VW Ford Hyundai MU Sponsorship Transferring to the Global leading brand 14
3. Global Strategy 금호타이어글로벌생산전략 글로벌생산네트워크 Planning Operating Changchun Tianjin TBR Nanjing Automation (Georgia, U.S.) Vietnam 베트남 : 1. 타이어생산공장 2. 천연고무가공공장 글로벌생산능력 ( 단위 : 백만본 ) 미국베트남중국한국 3 2 7 24 30 37 31 31 31 2009(E) 구분 2007 2008(P) 2009(E) Korea 31 31 31 China 24 30 37 Vietnam 0 3 7 U.S. 0 0 2 Total 55 64 77 15
3. Global Strategy 글로벌 OEM 사업현황 Spread out toward the premium brands I II IV III V I. EUROPE II. CHINA III. N.AMERICA IV. KOREA V. AUSTRALIA 16
3. Global Strategy 지분변화 지분구조 53.0% 35.5% 34.2% Dec. 2006 KUMHO Petrochemical Cooper Tire & Rubber Mellon (sum of parts) KDB 기타 Dec. 2007 45.9% 2.1% 10.7% 2.1% 5.8% 10.7% 외국인지분동향 Expiration of lock-up period from mid of February, 2008 Plan of the block deal to another party from Cooper Tire & Rubber 35% 30% 25% 20% 15% 10% 5% Foreigners% 0% 2005 년 2 월 (IPO) 2008 년 1 월 17