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Page 1: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Dec, 2013

Page 2: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Disclaimer

※ This presentation is given to investors for their convenience and for informational purposes ONLY.

Interpark does not make any representations or warranties, expressed or implied, as to the accuracy or completeness of

the information regarding the plan, estimates and projections contained in this presentation.

Such estimates and projections are subject to change according to circumstances.

Stand alone financial statements of Interpark Corp. have not been audited or reviewed by an independent auditor.

Neither consolidated financial statements of the holding company nor financial statements of subsidiaries have been

audited or reviewed.

Hence, numbers in financial statements might be revised based on the results of the independent auditor’s audit or

review.

Also, “GMV”(Gross Merchandise Volume) on this document is different from revenue on the financial statements.

2

Page 3: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Table of Contents

1. Introduction of Interpark------------------------------------------------------------------------ 4

2. Investment Highlight------------------------------------------------------------------------------- 8

3. The Growth in IMK ---------------------------------------------------------------------------------- 22

* Appendix

3

Page 4: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

1. Introduction of Interpark

Company Profile

Company History

Interpark & Subsidiaries

4

Page 5: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

35.9%

Company Profile Structure of Shareholders

Outstanding Shares : 60,842,093 (100%)

Company Profile

As of 10 Dec. 2013

Ki-hyung Lee (CEO)

Foreign Investors

15.5%

Others 31.9%

Treasury Stock 9.1%

National Pension 7.6%

Interpark Corporation (Holding company)

CEO: Ki-hyung Lee (Founder)

June 1996 : Opened first on-line shopping mall in Korea

June 1999 : Listed on KOSDAQ

Dec. 2006 : Converted to the holding company

Interpark INT (B2C) / iMarket Korea (B2B)

Employees : About 2,300 members

- Interpark : 16 members

- Interpark INT : 838members (included Interpark Tour : 196)

- IMK : 540 members

5

Page 6: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Company History As the pioneer of domestic e-commerce companies, Interpark has led the expansion of the e-commerce

Interpark INT has changed from “a living history of e-commerce” to “a theme park of culture”

After acquiring IMK, Interpark can cover the whole e-commerce from B2B, B2C, and C2C

1996 1998 2002 2006 2010 2012

Opened first e-commerce Site

in Korea (Interpark.com)

Began Tour Reservation

Opened first On-line Book Market (BOOK PARK)

Spun-off from DACOM Integrated into Interpark INT from 4 companies

(Shopping, Books, ENT, Tour)

Listed on KOSDAQ

Became the ‘2002 World Cup’ Official Ticket Seller

Opened Market Place Platform

Opened HM service

Opened a venue (Blue Square)

Founded INTERPARK THEATER

Began Selling Tickets

Diverged from e-commerce into Shopping, Books, ENT, Tour companies

Acquired iMarket Korea

Sold G-market to E-bay

6

Page 7: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Interpark & Subsidiaries

As of 30 Sep. 2013

90%

65%

Interpark (Holding Company)

37%

100%

Interpark INT (e-commerce : B2C, C2C)

Shopping, Books, ENT, Tour

100%

iMarket Korea (e-commerce:B2B)

100% 54% 99%

Interpark

International

• Interpark Global(US) (100%)

• Live Tone(63%)

• Interpark HM (100%)

└ Interpark Homestory (100%)

└ De-chocolate Coffee(China) (100%)

• Interpark Paedea(88%)

• Digital Idea (84%)

└ DigiArt Production (78%)

Interpark

Logistics

100%

IMA/IMV/IME/IMX

50%

└ Global M&S (100%)

└ Interpark Int’l (HK) (100%)

└ Interpark Int’l PTE(SGP)(100%)

└ Shenzhen Interpark Trading Company(100%)

Rui Sound

Enerband China

Koreit Interpark

Thater

Interpark Tour

7

Page 8: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2. Investment Highlight

1. Strategy of Interpark in 2013

2. Growth in Interpark INT

2-1 Category trend of Domestic e-commerce

2-2 Growth in Interpark INT

2-3 Growth in ENT

2-4 Growth in Tour

2-5 Qualitative Development in Shopping and Book

3. Improve Profitability of Other Subsidiaries

8

Page 9: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

1. Strategy of Interpark in 2013

Interpark INT

(B2C,C2C)

점진적인 성장과 수익성 강화

4. Increase consolidated result from IMK

5. Improve profitability of other subsidiaries

IMK

(B2B)

Other

Subsidiaries

1. Stable growth in ENT 2. High growth in Tour 3. Qualitative Development in Shopping and Book

“ Collaborating and building the ultimate e-commerce business model based on the B2C-B2B line-up”

Consolidated profit improvement in 2013

9

Page 10: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2. Category trend of Domestic e-commerce

(Unit: bil. KRW)

- Cosmetics, house wares, food, travel/reservations for events are fast growing categories

- Due to increase in GDP per capita(more than 20,000 dollars), travel & reservation categories are growing

Tour & ENT

Books

Shopping

Covered by

•Source: “Cyber Shopping Survey” by National Statistical Office (May, 2013)

2,416 2,857 2,670 3,445 4,066 5,577 744 875 1,030

1,169 1,274

1,273

1,124 1,503 1,940

2,323 2,963

3,848

3,868 4,102

4,718

5,505

6,046

6,815

1,485 1,710

1,959

2,572

3,044

3,655

2,714

2,996

3,524

4,248

4,869

5,550

793

917

1,104

1,414

1,605

1,946

2,621

3,185

3,698

4,527

5,204

5,405

2007 2008 2009 2010 2011 2012

Others

Cosmetics

Apparel

Housewares, Car

accessories

Electronics&PC

Food

Books

Travel, Reservations for

events

25,203

20,643

18,146

15,766

29,071

34,068 [Ratio] [YoY]

[16.3%]

[16.4%]

[20.0%]

[11.3%]

[3.7%]

[5.7%]

[10.7%]

[15.9%]

[14.0%]

[37.2%]

[12.7%]

[29.9%]

[-0.1%]

[21.2%]

[20.1%]

[3.9%]

10

Page 11: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2-1. Growth in InterparkINT

18%

42%

27%

21%

12%

40%

(Unit:mil.KRW)

2011 2012

Tour

ENT

Books

Shopping

40%

21.2%

21%

27%

2,101,164 2,117,544

12%

40%

32%

27%

11%

29%

Yearly GMV

(Unit:mil.KRW)

The 3Q GMV ratio : Goods (Shopping , Books) 35%, contents (ENT, Tour) 65%

The total GMV has increased in 2013 based on the growth of tour businesses,

the GMV in Shopping is falling at a slower pace than before

Although the 2Q/3Q GMV in ENT has decreased due to the Yeosu Expo in 2012,

pure entertainment ticket sales(except display, sports) has increased 29%/15%, respectively, in 2Q/3Q

[28%]

[-12%]

[-28%]

[21%]

Quarterly GMV

29% 29% 28% 25% 25%

26%

10% 14% 9%

10% 12%

28% 20% 24% 23%

34% 33% 37%

42% 42%

3Q12 4Q12 1Q13 2Q13 3Q13

[-2%]

[5%]

[-3%]

[39%]

526,180 526,826 510,130 560,935 591,764

YoY+12%

11

Page 12: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2-2. Growth in ENT

Contents 2009 2010 2011 2012

Classic/Dance 2,622 2,407 3,080 3,572

Play 1,458 1,600 1,500 1,539

Musical 1,653 1,880 2,140 2,495

Concert 1,215 1,374 1,728 2,117

Total 6,948 7,261 8,445 9,723

GMV by Performance Sector (Interpark ENT)

Number of Performances (Interpark ENT)

Korea’s No.1. on-line performance ticket seller

70% M/S in performance ticket market

(including sports & displays)

The total number of performances is 3 times larger than

the No.2 player

The increase of national events

- Sun-cheon bay garden Expo in 2013

Expected market size of W600bn in 2013 (YoY+10%)

Korea’s GDP per capita surpassed 20,000 dollars in 2011

: Demands for the entertainment & culture will increase

Money spent on entertainment & culture in Korea only

accounts for 3.7% of its GDP,

compared with 6.5% in the US and 6.2% in Japan

58.7 83.7

143.4 131.2

74.4

97.1

130.0 166.1

20.5

23.2

24.8 24.4

14.2

14.9

17.4 13.6

2009 2010 2011 2012

Classic /

Dance

Play

Musical

Concert

167.7

218.9

315.5 335.3

(Unit : bil.KRW) (Unit : event )

12

Page 13: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Vertically-integrated Entertainment Business Model

2-2. Growth in ENT

13

Interpark

INT

Invest and produce for

performances

Obtain and manage

the venues

Sell

tickets

The largest partnership with agencies

- The biggest sales channels

Planning & Producing

- Investing, producing and supporting expected

performance

-Know-how & DBs from ticket sales for 15 years

Construction of infrastructure

- Operating venues

(Blue square, Lotte card art-center)

Ticket selling system

- Operating ticket systems for domestic main venues

- Synergy with performance investment

and performance consulting

Page 14: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

뮤지컬 전용극장 (삼성전자홀) - 1,767석

대중음악공연장(삼성카드홀)- 1,400석 (스탠딩 3,000명)

Interpark theater (which is a subsidiary of Interpark INT) operates the venues

(Blue square, Lotte Card Art Center)

The best network, the largest DBs and many experts

The best location among venues in Seoul – the best accessibility

2-2. Growth in ENT

지하철6호선 한강진역 (바로 연결) Lotte Card Art Center

< Blue Square > at Han-nam dong in Nov, 2011

<Lotte Card Art Center> at Seo-kyo dong in Oct, 2012

Musical Hall (Samsung Electronics Hall) - 1,767seats

Concert Hall (Samsung Card Hall) - 1,400 seats / Standing 3,000seats

Seats : 450 Seats / Standing 1,200 Seats

14

Page 15: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2-2. Growth in ENT

10s :

8%

20s :

42% 30s: 32%

40s :

14%

50s:

5%

Customer Age Spread

Customers in their 20s and 30s account for 75% of

all customers

- Because their disposable income is high &

their purchase style is focused on their values

20s>30s>40s >over 50s>under10s

Rates of Direct Inflow

Customers’ direct access reduces commission cost of

price comparison

As InterparkINT obtained good performances and

new sales channels like SNS, the direct inflow rate

has increased 15

89%

90%

92%

2011 2012 3Q2013

Page 16: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2-4. Growth in Tour

BSP (Billing and Settlement) Results in Korea

16

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

01 02 03 04 05 06 07 08 09 10 11

(Unit: bil. KRW)

Source : travel newspaper, 2012

57

35

40

45

3

20

2005 2010

에어텔

개별여행

전체패키지

Flight + Hotel

FIT

Package

Travel Trend of the Korean

Growth in travel market and expansion of FIT( Free individual tour)

On-line global purchase trends (on-line reservation for airline tickets : U.S.- 53%, Korea - 30%)

The growth in on-line travel agency : Expedia, Priceline in U.S. / Rakuten Travel in Japan / Qunar in China

The rate of traveling abroad (Korea) : 26% / The rate of traveling abroad (developed country): 40% in 2011

Increased short-distance trips due to expansion of LCC (Low cost carrier)

Source : the Korea Tourist Service, Inc., 2011

Page 17: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2-4. Growth in Tour

Price Competitiveness of Airline Tickets including Easy & Convenient Booking System

Strengthen Hotel Booking Service

17

Competitiveness : brand power, good relationship with

airlines, quick decision-making

Product mix of airline tickets

( overseas : 50% , domestic : 45%, lcc : 5%)

One stop reservation system (flight + hotel)

- Choose the lowest price from the price comparison of

airline tickets, hotel rooms at the same time

200 thousands hotel databases provided from expedia, agoda

1. Hotel Price Comparison !

2. Overseas Hotel : 5% Extra Discount !

3. Easy & Convenient with the Korean Language!

Linked with hotel aggregators such as Agoda or Expedia. Able to compare up to the 20thousand hotels at one time!

When you use a flight, you can get a 5% discount coupon to reserve a hotel room

You don’t have to worry about in booking and canceling itineraries in English. A Korean call center is always waiting for you!

2. Accumulation of HEART

3. If repeated, the customer gets a 10thousand won discount coupon

4. Enroll in the air-line insurance for free (guaranteed W100mn)

Guaranteed a minimum price

Guaranteed a minimum

price

W100mn

1. Guaranteed 3 times at a minimum price

Page 18: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

2-4. Growth in Tour

Continuous increase of overseas airline tickets(3Q, yoy 31%)

Profitable non-airline ticket products has strongly increased

: overseas hotel (yoy 72%), domestic business (yoy 75%)

Portion of mobile reservations in 3Q ( vs. total tour GMV )

: overseas airline tickets 21%, domestic airline tickets 25%,

domestic accommodations 21%

No.1 among online B2C airline tickets (M/S 40%)

Polarization of travel company due to stopped commission

from airlines(Korean airline, Asiana) in 2011 & VI system

Concentration of traffic at top-ranking players

No.1 mobile traffic among total tour companies based on

Oct. 2013

Mobile GMV in 3Q has increased yoy 340% 18

Strong growth of accommodations based on growth of air-lines

Comparison with tour competitors of the UV traffic

551,955

1,363,676

841,310 1,124,751

377,549 430,516

264,499 45,080

Nov-10 Nov-11 Nov-12 Nov-13

Interpark Tour H M O

Source: Dec.2013 , insight

86% 80% 79% 75%

6%

8% 6% 6%

2% 4% 5%

6%

2% 5% 5% 7%

3% 4% 5% 6%

2008 2010 2012 2013E

Domestic travel

Domestic accodations

Oversea hotel

Oversea travel

Airline tickets

97,407

842,614

115,289 513,906

50,508

May-12 Aug-12 Nov-12 Mar-13 Jul-13 Nov-13

[Mobile]

[On-line]

Source: GMV of InterparkINT Tour div.

Page 19: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Grow to the complete online travel agency from starting direct sales package

19

2-4. Growth in Tour

Easy to obtain group seats and special airline ticket prices from relationship with airlines

From no.1 on-line airline ticket company to complete online travel agency : Strengthen the brand image (Interpark Tour)

Opportunity to discover new customers based on previous online customers

Diversification of tour businesses from synergy between “previous businesses” and “starting package”

- After obtaining group airline tickets from hard-block, possible to sell airline tickets through individual sales channel

which is “One stop reservation system“

* Low risk of hard block compared to the package company

* Possible to VI maximization depending on increase of BSP

* Obtaining price competition of individual airline tickets

- Expand to direct sales of overseas hotel rooms

Differentiated package product :“For eating - For taking a picture”, “All inclusive pack”, “One-day free pack”, “Guide open pack”

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20

2-5. Qualitative development in Shopping, Book

Open market

• 220 thousand vendors

• 26.5 millions of selling products

• Living/leisure/fashion/food/shoes/kids

• Strong in kitchen, living categories

Specialized mall

• Building the specialized mall from open-market

based on differentiate merchandise of various

types and prices

• Main specialized mall

- Fashion : selling the brand, alliance with outlet

- Shoes : sports, fashion shoes

- Furniture : essture living

- Kids : pram, toy, books

• In the Open market: M/S 4%(based on 2012)

• High brand awareness based on long career

• Obtained loyalty customer

• Qualitative development from strengthening

specialized mall

M/S &

Competitiveness

• In the online book market

: M/S 23%(based on 2012)

• Obtained the highest level logistics center

(Paju, Busan)

M/S &

Competit

iveness

Books

• A collection of 2.6 million books

• Price and delivery competitiveness

(1 day nation-wide delivery service)

• Good DB of Kids/Child & International books

e-books

• Competitiveness of contents

(120 thousand e-book content)

• e-book provider (biscuit, biscuit tab)

Expand to businesses

• Expanded to channels: opened book market

(target : customers sensitive to price)

• Expand into related businesses (publishing)

• Expand to B2B (Samsung SDS mall)

Shopping Books

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Subsidiary

2012 3Q 2013 (Total)

Main Business Shares Sales OP NP Sales OP NP

Interpark HM 18,527 268 324 15,573 -136 -135 Home management, coffee franchising

100%

Interpark International

46,223 936 481 36,456 631 328 Sale of

imported goods

99% (sold to IMK

2013.06)

Interpark Theater

13,426 1,348

(EBITDA 4,688)

-1,386 8,838 814

(EBITDA 3,435)

-760 Theater rental,

performance planning 100% by

Interpark INT

Digital Idea

11,385 -3,325 -3,315 6,862 -1,157 -1,584 CG, visual effect 84%

Interpark Paedea

5,765 -1,536 -1,535 5,490 -236 -243 English education 88%

Interpark Global

1,282 -1,234 -1,246 1,230 -500 -482 Online book store

in U.S. 100%

21

3.Improvement Profitability of Other Subsidiaries

Due to the turn around of Digital Idea, the total OP of other subsidiaries recorded W1.3bn in 3Q. 2013

( Unit : mil.KRW, %) Summary / K-IFRS

Page 22: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

3. The Growth in IMK

1. Acquisition of IMK

2. Business Model of IMK

3. Overview of IMK

4. Strategic Direction of IMK

22

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1. Acquisition of IMK

23

1. Company Name : i-MarketKorea

2. Main Business : B2B e-commerce (MRO : maintenance, repair and operations)

3. Purpose of an Acquisition : Securing future growth engine

4. Seller : Samsung electronics Co. and 8 interrelated enterprises

5. Acquisition Consortium (Based on 26 Dec.2011)

Note) 'Woori PE’ is a Private Equity Fund based on ‘the first Woori PE Blackstone Korea opportunity’.

6. Closing Date : 23 Dec. 2011 (acquisition completed)

Host Shares Percentage of Shareholding

(%)

Interpark 13,291,770 36.98

Woori PE 4,150,000 11.55

Venture company association 63,900 0.18

Total 17,505,670 48.70

Page 25: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

3.Overview of IMK

25

The financial result -’solid growth’

Non-Samsung Customers : 3,923

New Customers in 2012 Major Customers (non-Samsung)

18

28

41 46

52

13

21

3135

39

'08 '09 '10 '11 '12

1,065 1,182

1,549 1,682

2,045

'08 '09 '10 '11 '12

(unit : bil.kwn)

CAGR 18%

CAGR 30%, 31%

Sales Profit

before tax Net

Income

Page 26: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

26

4. Strategic Direction of IMK

Local Market

Overseas Market

• Samsung overseas branches • First vendors of Samsung in overseas • Local and global companies

• Global sourcing to increase GP margin

• New business in overseas market

Customers

Global Sourcing

New Business

Strong momentum : Expanded to the overseas market

Page 27: 슬라이드 1 - incorp.interpark.comincorp.interpark.com/gate/company_info/201312_Interpark_IR_eng.pdf · - Sun-cheon bay garden Expo in 2013 Expected market size of W600bn in 2013

Interpark (Consolidated) – Summary of Result in 3Q

Recent Issue : Proposal to IPO on KOSDAQ

Appendix

27

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( Unit : mil.KRW,%)

Earnings Summary / K-IFRS

1.Interpark (Consolidated) – 3Q Result

28

3Q13 2Q13 QoQ 3Q12 YoY

Sales 722,749 737,804 -2.0% 624,482 15.7%

Operating Profit 13,882 14,377 -3.4% 10,485 32.4%

Profit before Tax 21,749 -347 Turn around 22,038 -1.3%

Net Profit(Losses) 16,799 -843 Turn around 16,833 -0.2%

EBITDA 20,650 21,372 -3.4% 10,485 96.9%

1. 3Q Sales(consolidated)(↑16% yoy)

-Sales of Interpark INT increased (↑ 12% yoy)

-Sales of IMK increased (↑16% yoy)

2. 3Q Operating Profit (consolidated) (↑ 32% yoy)

-Interpark INT posted record-high OP of W6.8bn (↑ 75% yoy)

-IMK posted OP of W11.1bn (↑ 6% yoy)

-Due to the turn around of digital idea & improvement of

other subsidiaries, other subsidiaries recorded W1.3bn profit

3. 3Q Profit before Tax & Net Profit

-Financial debt valuation profit (W8.3bn) stemming from the

increase in IMK’s share price at end-3Q13

※ Due to the W13.2bn of financial debt valuation profit in 3Q 2012,

Other non-operating profit decreased 4.9bn in 3Q 2013

4. 3Q EBITDA (↑ 97% yoy)

- W4.6bn of amortization of intangible assets (quarterly)

related to IMK

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2. Interpark (Consolidated) – 3Q

3Q Earnings Summary / K-IFRS

29

3Q13 2Q13 QoQ 3Q12 YoY

Sales 722,749 737,804 -2.0% 624,482 15.7%

Cost of Goods Sold 643,740 659,690 -2.4% 563,679 14.2%

Gross Profit on Sales 79,009 78,115 1.1% 60,803 29.9%

Selling and Administrative Expenses

65,127 63,738 2.2% 50,317 29.4%

Operating Profit 13,882 14,377 -3.4% 10,485 32.4%

Financial Income 730 815 -10.4% 1,052 -30.6%

Financial Expenses 1,568 1,679 -6.6% 2,321 -32.4%

Other Non Operating Revenues 2,650 3,670 -27.8% 16,479 -83.9%

Other Non Operating Expenses -6,055 17,530 -135% 3,657 -266%

Profit before Tax 21,749 -347 Turn around 22,038 -1.3%

Income Tax Expenses 4,950 495 - 5,205 -4.9%

Net Profit(Losses) 16,799 -843 Turn around 16,833 -0.2%

EBITDA 20,650 21,372 -3.4% 10,485 96.9%

( Unit : mil.KRW,%)

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3. Interpark INT – 3Q Result

3Q13 2Q13 QoQ 3Q12 YoY

GMV

Shopping

Books

ENT

Tour

591,764

148,702

63,710

132,868

246,484

560,935

138,967

51,449

135,307

235,212

5.5%

7.0%

23.8%

-1.8%

4.8%

526,180

152,750

60,874

135,053

177,503

12.5%

-2.7%

4.7%

-1.6%

38.9%

Sales 94,268 80,268 17.4% 84,520 11.5%

Operating Profit 6,824 3,951 72.7% 3,904 74.8%

Net Profit 5,288 2,688 96.7% 3,313 59.6%

3Q GMV : increased 12%(yoy) due to the growth in Tour divisions.

- Although the 3Q GMV in ENT has decreased due to the Yeosu Expo in last year, pure entertainment ticket sales has increased 15% in 3Q

3Q Sales : 3Q sales increased 12% due to the growth of Book / Tour divisions

3Q OP : 3Q OP increased by 75%(yoy) due to the profit realization of good results of ENT/ Tour divisions

30

( Unit : mil.KRW, %) Earnings Summary / K-IFRS

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4. IMK – 3Q Result

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3Q13 2Q13 QoQ 3Q12 YoY

Sales 601,466 630,636 -4.6% 517,842 16.1%

Operating Profit 11,075 17,220 -35.7% 10,429 6.2%

Profit

before Tax 12,099 17,173 -29.5% 12,328 -1.9%

Net Profit 9,270 13,134 -29.4% 9,457 -2.0%

31

IMK is listed on KOSPI, it is consolidated to the Interpark from the 1Q. 2013

Attached result is from IMK’s official result (25, Oct 2013)

Interpark has an amortization(intangible assets) of W4.6bn from IMK quarterly, because IMK is adopt to the

consolidation

Earnings Summary / K-IFRS ( Unit : mil.KRW, %)

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5. Other Subsidiaries – 3Q Result

Earnings Summary / K-IFRS

Company Name

Sales OP NP Main Business Holdings

Interpark International

(Consolidated) 11,843 180 82

sale of international luxury goods

99% (sold to IMK 2013.06)

Interpark HM (Consolidated)

5,477 -170 -177 Home Management &

Coffee Franchising 100%

Interpark Theater

2,804 291

(EBITDA 1,169) -231

Theater rental, Performance Planning

100% by

Interpark INT

Live Tone

265 18 18 Rental for music

equipment 63%

Digital Idea (Consolidated)

3,723 1,235 713 CG, Visual effect 84%

Interpark Paedea 1,798 -103 -95 English Education 88%

Interpark Global 419 -148 -143 Online book store in USA 100%

Total 26,329 1,303 167

( Unit : mil.KRW, %)

32

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33

CEO : Dong-up Kim

Foundation date : 01, Dec. 2006

The largest share holders : Interpark (share ratio : 90% -> after IPO : 71%)

Offering Shares : New Issue(5,400,000 shares)/Existing Shares Offering(1,407,073 shares)

/Total Shares to be offered 6,807,073 shares

The expected number of listed shares : 32,430,190 shares

The expected issue price : 5,700KRW ~ 6,700KRW

The expected IPO amount : 38.8bn KRW ~ 45.6bn KRW

Use of proceeds : Extension of business of Ent & Tour , R&D of Mobile, and other general

Offering Structure : Institutional 70%, Retail 20%, ESOP 10%

Free Floating : 24.1%

The agent : Daewoo securities

Schedule

- 6, Jan. 2014~17,Jan. 2014 : Book Building

- 23, Jan. 2014~24,Jan. 2014 : Subscription

- 27, Jan. 2014 : Allocation

- 28, Jan. 2014 : Payment

- Early February : Listing

6. Recent Issue

Interpark INT, Proposal to IPO on KOSDAQ

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Thank you!

Contact

- Interpark IR Team 82-2-6004-6836

- Jean Lee (IR manager) [email protected]

- Yoonna Kim (IR assistance manager) [email protected]