2006 Annual Report SEIZING FUTURE OPPORTUNITIES
Contents 03 04 06 16 18 20 24 28 32 36 38 41 50 52 58 62 63
OPENNESS, ENTHUSIASM AND EVOLUTION... THIS IS SK ENGINEERING & CONSTRUCTION SK E&C Annual Report 2006_3
Operating results 2006 30,730 5,334 12,817 12,265 314 4,114 1,496 1,508 1,045 2005 25,707 3,871 12,093 9,299 444 3,743 1,684 1,531 1,095 2004 21,811 3,730 11,349 6,646 86 2,911 1,275 710 199 Financial position 19,546 14,401 5,145 15,437 11,468 3,969 14,349 11,744 2,605 Data per share 4,931 24,786 5,208 19,464 924 12,064 Ratio 3.4% 5.97% 22.9% 279.9% 4.3% 7.36% 33.3% 288.9% 0.9% 1.4% 8.1% 450.9% Others 20,294,937 2,601 20,294,937 2,160 20,294,937 1,818 4_SK E&C Annual Report 2006
19.5% UP 22.9% 92,032 2006 30,730 2005 25,707 2004 21,811 2006 1,496 2005 1,684 2004 1,275 2006 44,030 2005 45,659 2004 26,521 2006 92,032 2005 78,133 2004 57,048 SK E&C Annual Report 2006_5
6_SK E&C Annual Report 2006
2,623
8_SK E&C Annual Report 2006
11,480
10_SK E&C Annual Report 2006
5,268
12_SK E&C Annual Report 2006
4,159
14_SK E&C Annual Report 2006
12,424
16_SK E&C Annual Report 2006
SK E&C Annual Report 2006_17
2006 HIGHLIGHTS 18_SK E&C Annual Report 2006
Civil Engineering 20_SK E&C Annual Report 2006
37.8% up 3,730 3,871 5,334 2004 2005 2006 SK E&C Annual Report 2006_21
1400 22_SK E&C Annual Report 2006
10,431 10,400 8,840 2005 2006 2007(E) 32,952 28,442 24,936 2005 2006 2007(E) >> SK E&C Annual Report 2006_23
Architecture & Housing 24_SK E&C Annual Report 2006
6.0% up 11,349 12,093 12,817 2004 2005 2006 SK E&C Annual Report 2006_25
21,804 26_SK E&C Annual Report 2006
14,213 18,845 21,804 >> 2005 2006 2007(E) 49,957 41,417 34,876 2005 2006 2007(E) SK E&C Annual Report 2006_27
Petrochemical Plants 28_SK E&C Annual Report 2006
52.0% up 8,124 5,345 2,676 2004 2005 2006 SK E&C Annual Report 2006_29
26,317 30_SK E&C Annual Report 2006
26,317 17,354 12,126 2005 2006 2007(E) 29,534 19,801 15,799 >> 2005 2006 2007(E) SK E&C Annual Report 2006_31
Industrial Plants 32_SK E&C Annual Report 2006
4.7% up 3,970 3,954 4,141 2004 2005 2006 SK E&C Annual Report 2006_33
7,633 34_SK E&C Annual Report 2006
7,633 >> 3,597 4,159 2005 2006 2007(E) 4,653 2,106 2,124 2005 2006 2007(E) SK E&C Annual Report 2006_35
Forestry Property 36_SK E&C Annual Report 2006
29.3% down 444 314 2004 2005 2006 SK E&C Annual Report 2006_37
Research & Development 38_SK E&C Annual Report 2006
14.2% up 181 218 249 2004 2005 2006 SK E&C Annual Report 2006_39
40_SK E&C Annual Report 2006
SK E&C Annual Report 2006_41
Unit 2702, 27th Floor, Two Pacific Place,142 Sukhumvit Road, Klongtoey, Bangkok 10110, Thailand PASEO DE LA REFORMA 404, PISO 3, COL. JUAREZ 06600 MEXICO, D.F. #412 MANGAF COMPLEX, BLOCK NO. 4, MANGAF, KUWAIT / P.O. BOX 46389, FAHAHEEL, CODE 64014, KUWAIT 3RD FLOOR, DOOR NO. 303, SIDDIQUE GIFT BUILDING (NEAR K. M. TRADING), AL SALAM STREET, ABU DHABI, U.A.E. (P.O. BOX 45828, ABU DHABI, U.A.E.) #1501 1108 6 Avenue S.W, Calgary Alberta, T2P 5K1, Canada S. Widjojo 7th Fl. Jl. Jenderal Sudirman 71 Jakarta 12910 Pitesti, Str. Libertatii, Nr.1, Bloc D6 BIS, Scara A, Ap.3 Judetul Arges, Romania P.O. Box 79800, Al-Khobar 31952, KSA 10Floor, Tower B. GATEWAY, No.18, XiaGuang Li, North Road, East 3rd Ring, Chaoyang District, Beijing, 100027, China 219 2,243 42 97 261 2,340 2,462 139 2,601 42_SK E&C Annual Report 2006
SK E&C Annual Report 2006_43 20,294,937 3,900,000 24,194,937 101,474,685,000 46,250,000,000 147,724,685,000 69% 31% 100% 1977.08.01 1977.12.31 1978.03.14 1979.02.06 1981.06.26 1982.06.30 1983.06.28 1983.09.22 1988.12.28 136,000 170,000 210,000 600,000 140,000 1,800,000 2,400,000 3,000,000 3,600,000 500 170 200 1,950 4,000 2,000 3,000 3,000 3,000 680 850 1,050 3,000 7,000 9,000 12,000 15,000 18,000 1989.06.24 1989.11.28 1990.07.26 1990.11.26 1991.02.27 1991.07.26 1992.02.11 1992.11.24 1996.12.06 1997.12.30 1998.12.24 1999.10.29 2000.12.30 2001.12.19 2002.11.16 2003.12.19 2004.06.05 2004.09.25 2004.12.29 2005.12.03 2006.02.06 2006.09.25 2006.09.28 4,400,000 5,200,000 6,000,000 6,800,000 8,000,000 8,800,000 10,024,000 11,088,000 13,858,000 18,858,000 38,858,000 39,400,000 58,996,800 4,000,000-4,000,000 19,665,600 3,000,000 2,350,000 20,294,937 1,400,000-3,000,000-2,350,000 2,500,000 4,000 4,000 4,000 4,000 6,000 4,000 6,120 5,320 13,850 25,000 100,000 2,710 97,984 20,000 0-216,656 15,000 11,750 3,146 7,000 0 0 12,500 22,000 26,000 30,000 34,000 40,000 44,000 50,120 55,440 69,290 94,290 194,290 197,000 294,984 314,984 314,984 98,328 113,328 125,078 128,224 135,224 135,224 135,224 147,724
04.06.11 04.07.15 04.07.30 04.09.08 05.02.14 05.02.14 05.03.08 05.03.08 06.06.02 30,000 10,000 20,000 30,000 27,040 10,000 30,000 10,000 40,000 207,040 8.20% 8.40% 8.10% 7.48% 7.16% 7.00% 7.00% 7.00% 5.42% 2007.06.11 2009.07.15 2007.07.30 2007.09.08 2007.02.14 2008.02.14 2007.03.08 2008.03.08 2009.06.02 2,415,650 597,524 51,306 8,540 3,073,020 2,125,752 331,715 108,458 4,790 2,570,715 2,142,438 469,632 41,608 7,904 2,661,582 1,852,398 257,877 82,025 4,100 2,196,400 44_SK E&C Annual Report 2006
11,776,718 20,294,937 58.03% SK E&C Annual Report 2006_45
3,073,020 2,661,582 411,439 261,823 149,616 98,046 96,856 150,806 690 1,337 150,160 45,707 104,452 2,570,715 2,196,400 374,314 205,862 168,452 56,788 72,110 153,130 800 0 153,930 44,374 109,556 2,181,119 1,889,989 291,129 163,624 127,505 246,034 302,454 71,084 7,062 19,463 58,683 38,820 19,863 1,392,964 1,243,694 149,270 561,630 458,573 91,606 11,452 1,954,594 1,201,856 238,253 1,440,109 147,725 119,209 247,142 410 514,485 1,954,594 1,034,789 971,346 63,443 508,983 417,880 78,050 13,053 1,543,772 784,876 361,962 1,146,838 135,225 81,955 182,605-2,851 396,934 1,543,772 1,012,247 968,614 43,633 422,652 332,207 74,815 15,630 1,434,898 838,624 335,809 1,174,433 128,225 60,993 74,729-3,482 260,465 1,434,898 46_SK E&C Annual Report 2006
11,776,718 2,765,431 1,950,004 1,302,784 20,294,937 58.03% 13.63% 12.32% 9.61% 6.41% 100.00% SK E&C Annual Report 2006_47
94,240 2,167,520 1,009,280 1,591,920 12,060 199,000 199,000 11,940 39 12.40% 17.80% 16.00% 20.10% 20.10% 19.90% 19.90% 19.90% 39.00% 100.00% 12,000 1,650 224,954 29,021 125,000 9,780 15.00% 33.00% 29.99% 10.00% 12.50% 16.30% 1,500 15.00% 270 90.00% 90.00% 80.00% 15.00% 100.00% 1,000,000 100.00% 37,500 75.00% 35,000 70.00% 48_SK E&C Annual Report 2006
05.02.14 05.03.08 07.01.29 27,040 30,000 30,000 7.16% 7.00% 5.64% 07.02.14 07.03.08 09.01.29 SK E&C Annual Report 2006_49
50_SK E&C Annual Report 2006
SK E&C Annual Report 2006_51
1,392,963,362 1,243,693,635 119,457,353 1,069,098 935,665,411 (-)42,779,206 892,886,205 110,812,516 (-)3,136,062 107,676,454 16,279,140 (-)3,361,120 12,918,020 24,993,057 14,801,107 69,892,341 149,269,727 69,859,858 27,543,228 45,407,536 6,285,597 173,508 561,630,381 458,573,074 2,423,000 174,573,836 30,100,681 25,490,932 (-)247,000 25,243,932 110,832,678 (-)3,670,000 107,162,678 184,100,865 (-)89,385,646 94,715,219 24,353,728 91,605,630 63,376,223 11,515,744 (-)3,979,994 7,535,750 1,034,789,061 971,346,205 72,975,765 1,642,689 730,341,989 (-)11,478,529 718,863,460 86,798,547 (-)5,142,275 81,656,272 11,051,487 (-)6,294,120 4,757,367 19,604,800 8,583,156 63,262,696 63,442,856-6,358,444 42,525,873 14,282,216 276,323 508,982,758 417,880,095 2,423,000 149,889,796 30,409,565 31,441,814 (-)13,909,585 17,532,229 92,108,143 (-)3,670,000 88,438,143 197,674,008 (-)100,563,727 97,110,281 32,077,081 78,049,719 54,376,805 7,861,807 (-)2,742,486 5,119,321 52_SK E&C Annual Report 2006
403,343 (-)365,451 37,892 439,545 (-)433,667 5,878 7,861,415 (-)5,916,058 1,945,357 1,929,276 (-)1,149,589 779,687 15,940,119 1,984,724 11,451,677 (-)1,828,889 7,164,140 6,116,426 1,954,593,743 516,745 (-)436,242 80,503 474,784 (-)461,727 13,057 7,066,827 (-)5,070,364 1,996,463 1,585,187 (-)971,289 613,898 15,064,672 785,000 13,052,944 (-)1,913,410 8,428,490 6,537,864 1,543,771,819 137,964,440 (-)114,073 70,000,000 (-)566,987 1,201,855,579 671,211,805 203,844,360 50,015,829 32,148,153 137,850,367 37,102,740 69,682,325 238,253,267 69,433,013 7,448,440 290,100 33,685,405 127,396,309 1,440,108,846 71,635,120 (-)42,036 184,340,000 (-)1,108,195 784,876,423 435,084,975 118,451,428 2,520 50,000,000 32,418,459 71,593,084 20,395,249 56,930,708 361,962,172 183,231,805 8,372,880 294,900 31,236,789 138,825,798 1,146,838,595 SK E&C Annual Report 2006_53
104,452,288 109,556,157 147,724,685 101,474,685 46,250,000 119,208,509 78,626,203 30,167,179 233,552 10,181,575 247,142,048 35,007,836 1,833,333 2,183,202 208,117,677 409,655 3,285,523 (-)2,733,111 (-)142,757 514,484,897 135,224,685 101,474,685 33,750,000 81,955,344 41,373,038 30,167,179 233,552 10,181,575 182,604,774 35,007,836 3,333,333 2,183,202 142,080,403 (-)2,851,579 2,557,560 (-)608,283 (-)4,800,856 396,933,224 1,954,593,743 1,543,771,819 54_SK E&C Annual Report 2006
3,073,020,482 3,013,173,189 51,305,519 8,541,774 2,661,581,519 2,612,070,100 41,607,974 7,903,445 411,438,963 261,822,828 76,973,380 11,161,198 16,548,777 5,823,903 8,004,793 2,771,289 59,379,727 4,882,110 14,551,120 1,796,113 5,405,138 31,315,278 4,900,060 8,668,867 9,641,075 149,616,135 98,046,318 14,086,978 3,997,576 12,365,949 679,268 568,227 47,296 2,570,714,651 2,457,466,610 108,457,970 4,790,071 2,196,400,437 2,110,274,431 82,025,191 4,100,815 374,314,214 205,862,597 56,593,201 9,092,072 13,483,685 4,360,645 5,659,212 2,981,810 78,123,197 3,323,998 8,665,267 1,556,453 2,066,357 4,061,880 2,732,114 7,598,937 5,563,769 168,451,617 56,788,794 15,800,302 5,165,724 4,663,669 300,302 2,100,000 767,640 1,002,713 160,938 SK E&C Annual Report 2006_55
4,954 5,179 4,931 5,208 62,800 9,298,774 17,520,082 9,823,125 16,526,213 13,070,030 96,856,129 34,109,330 5,363,877 16,496,395 806,814 646,118 1,485,883 65,461 72,714 467,519 16,408,480 3,050,365 17,883,173 150,806,324 690,468 690,468 1,336,857 1,336,857 150,159,935 45,707,647 104,452,288 163,366 632,058 5,266,358 20,765,724 72,110,453 33,255,933 3,530,691 6,339,782 3,158,333 1,863,482 2,515,044 85,712 104,735 8,383,036 2,473,562 323,029 481,512 956,441 8,639,161 153,129,958 799,584 799,584 153,929,542 44,373,385 109,556,157 56_SK E&C Annual Report 2006
208,117,677 103,665,389 104,452,288 1,500,000 1,500,000 209,617,677 142,080,403 32,524,246 109,556,157 1,500,000 1,500,000 143,580,403 20,000,000 4,072,822 3,000,000 27,072,822 182,544,855 34,775,000 5,140,014 39,915,014 103,665,389 SK E&C Annual Report 2006_57
>> 58_SK E&C Annual Report 2006
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>> 60_SK E&C Annual Report 2006
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Global Networks Romania Beijing Qingdao Nanjing America Kuwait Saudi Arabia U.A.E Bangkok Vietnam Mexico Jakarta SKEC(THAI) LTD. Unit 2702, 27th Floor, Two Pacific Place 142 Sukhumvit Road, Klongtoey, Bangkok 10110, Thailand Tel: 66-2-254-7211-3 Fax: 66-2-254-7215 Thai Woo Ree Engineering Company Limited (Global Venture) 239 Huaypong-Nongbon Road, Tambon Huaypong, Amphur Muang Rayong, Rayong 21150, Thailland Tel: 66-38-606-234 Fax: 66-38-606-164~5 PT.CAZ Konstruksi (Global Venture) Twink Center Lt.5, Jl. Kapten P. Tendean No.82, Mampang Prapatan, Jakarta Selatan 12790 Tel: 62-21-799-1314~5 Fax: 62-21-799-1316 SKEC(Nanjing) Co., Ltd. 20F-A Jinlun Plaza, No108-112, Hanzhong Ro, Nanjing, JiangSu, China (postcode : 210029) Tel: 86-25-8470-0623-808 Fax: 86-25-8470-1809 QINGDAO SHINYOUNG ENGINEERS SO., LTD. (Global Venture) #909 Zhong-Tian-Heng Plaza, No.8 Fu-Zhou-Nan Street, Shi-Nan District, Qingdao, P.R.China Tel: 86-532-8587-1865 Fax: 86-532-8597-1864 HIVICO (Global Venture) 93B Vo Van Tan, Ward 6, Dist 3, Ho Chi Minh City, Vietnam Tel: 84-8-930-7076 Fax: 84-8-930-7075 SBC General Trading & Contracting Co., Ltd. (Global Venture) Office #2, 2nd Floor, Naif Dabbous, Complex, Dabbous Steet Fahaheel Kuwait (P.O Box : 46069, Code No.64011, Kuwait) Tel: 965-392-4884~5 Fax: 965-392-4883 betek Corp. 620 Newport ctr. dr. 220 Newport Beach, CA92660 Tel: 1-949-706-7611 Fax: 1-949-706-7786 Bangkok Branch Office Unit 2702, 27th Floor, Two Pacific Place,142 Sukhumvit Road, Klongtoey, Bangkok 10110, Thailand Tel: 66-2-254-7211~4 Fax: 66-2-254-7215 Jakarta Branch Office S. Widjojo 7th Fl. Jl. Jenderal Sudirman 71, Jakarta 12910 Tel: 62-21-527-3349 Fax: 62-21-527-7881 Beijing Branch Office 10Floor, Tower B. GATEWAY, No.18, XiaGuang Li, North Road, East 3rd Ring, Chaoyang District, Beijing, 100027, China Tel: 86-10-5928-0172 Fax: 86-10-5928-0190 Kuwait Branch Office Kuwait Branch, #412 Mangaf Complex, Block No. 4, Mangaf, Kuwait / P.O. Box 46389, Fahaheel, Code 64014, Kuwait Tel: 965-371-6781 Fax: 965-371-6783 Abu Dhabi Branch Office Abu Dhabi Branch, 3rd Floor, Door No. 303, Siddique Gift Building (Near K. M. Trading), Al Salam Street, Abu Dhabi, U.A.E. (P.O. Box 45828, Abu Dhabi, U.A.E.) Tel: 971-2-674-7227 Fax: 971-2-676-5308 Al-Khobar Branch Office P. O. Box 79800, Al-Khobar 31952 Nesma Building II, 3rd Floor, Prince Majid Street/ 6th Crossing of Cornish Road Al-Khobar, Saudi Arabia Tel: 966-3-865-7055 (Ext. 401) Fax: 966-3-865-5785 Mexico City Branch Office SK Engineering & Construction Co., Ltd. Paseo de la Reforma 404, Piso 3, Col. Juarez 06600 Mexico, D.F. Tel: 521-55-5241-1120 (Ext. 105) Fax: 521-55-5525-7536 Pitesti Branch Office Str. Libertatii, Nr.1, Bloc D6 BIS, Scara A, Ap.3 Judetul Arges, Romania Tel: 40-740-012-852 Cal-Pac Engineering Co. 811 Wilshire Blvd. #1003, Los Angeles, CA 90017, USA Tel: 1-213-622-0093 Fax: 1-213-622-2647 62_SK E&C Annual Report 2006
History 1977 1980 1984 1985 1987 1988 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 IR Members Hong, Ho Eun / Senior Manager Tel. 82-2-3700-7306 Nam, Ki Cheol / Manager Tel. 82-2-3700-7235 Han, Jeong Hee / Junior Manager Tel. 82-2-3700-8389 Kim, Seon Kang / Junior Manager Tel. 82-2-3700-9248
Copyright 2006 by SK E&C Produced by IR-Plus