IR Presentation SAMSUNG ENGINEERING 2 0 1 4

CONTENTS

Introduction 1

Business Update 2

Appendix 3

CDU/VDU

Heavy Oil Upgrading

Aromatics, HDS

Ethylene

EO/EG

Fine Chemicals

PDH

Polymers

Fertilizers

Offshore Platforms

FPSO(FLNG)

Pipeline

Gas Processing

Air Separation Unit

LNG(Liquefaction, Terminal)

Thermal (Coal/ Oil/ Gas Fired)

Steel Mills

Non-Ferrous Plants (Aluminum 外)

IT Facilities

Industrial Manufacturing Facilities

BT Facilities

Sewage Treatment

Wastewater Treatment

Desalination

Introduction

Business Portfolio

Hydrocarbon

Non Hydrocarbon

Refinery Gas Petrochemical Upstream

Power Industrial Facility Water Treatment

O&M

Ultra-Pure/Reuse

GOSP GTL(Gas To Liquid)

Coal Gasification

3/13

Business Results & Outlook Business Update

Sales

’14(E)

9,000 9,806

37%

71%

29%

New Order

(\ billion)

Hydrocarbon

Non Hydrocarbon ’14(E) ’13

Operating Profit

74%

26%

’13

6,288

63%

’14(E) ’13

250

△1,028

(\ billion)

8,500

67%

33%

4/13

\15.6 trillion

2010 5%

2011 16%

2012 50%

2013 25%

Year Awarded

2013

Before 2010 4%

Yr. Awarded

Category Project Award

($ million) Completion

2010

Petrochemical Borouge 3 (LDPE) 170 ‘14. 08

Petrochemical Borouge 3 (Polyolefins) 552 ‘14. 09

Gas Shah Gas Development 1,496 ’14. 09

Water Muharraq STP (EPC+O&M) 555 ’14. 04(EPC)

2011

Power Shaybah NGL #3 534 ’14. 03

Upstream Shaybah NGL #4 922 ’14. 07

Gas Shaybah NGL #1, #2 1,302 ’14. 07

Upstream West Qurna Ph.2 (GOSP) 998 ’14. 05

Upstream Banyu Urip (GOSP) 336 ’15. 01

Petrochemical UGCC PKG #B (GSP, PE/PP) 817 ’15. 07

2012

Upstream Senoro Gas 233 ’14. 12

Refinery Yanbu Refinery Expansion 871 ’15. 07

Petrochemical Carrasco Ammonia and Urea 811 ’15 .10

Refinery Carbon Black & Delayed Coker 2,477 ’16. 01

Power Balkash Thermal Power Plant 2,078 -

Power Yanbu Power Plant Phase 3 1,506 ’17. 08

2013

Gas Badra CPF Phase 2 879 ’16. 01

Petrochemical Ammonia & Urea 648 ’16. 06

Refinery Riyadh Clean Transportation Fuel 211 ’16. 09

Power Cogen IPP 483 ’16. 07

Gas TGAST 778 ’16. 09

’13 Order Backlog Breakdown

Major Ongoing Projects

5/13

Business Update

Product

Domestic 15% CIS 22%

America 5%

Asia 10%

MENA 7% GCC 41%

’13

(MENA : Iraq + Africa)

Region Domestic 18%

America 8%

Asia 6%

MENA 7% GCC 46%

CIS 15%

’12

\19.4 trillion

Non Hydrocarbon 18%

Gas 7%

Petrochemical 19%

Refinery 29%

Upstream 4%

’12

Power 23%

Power 28%

Gas 11%

Petrochemical 17%

Refinery 19%

Upstream 6%

’13

Non Hydrocarbon 19%

Order Backlog Breakdown

6/13

Business Update

\19.4 trillion

\15.6 trillion

\15.6 trillion

Debt & Credit Line

’14(E) ’13

1,100

(\ billion)

1,000

Net Debt

’14(E) ’13

Credit Line

2,500 2,500

(\ billion)

Available

In Use

56% 52%

44% 48%

’14(E) ’13

1,400

(\ billion)

1,300

Debt

7/13

Business Update

Foreigner Ratio

Per Capita Sales

634 672

104 115

SEI(India) SEA(USA) SSA(Saudi)

267 321

STEC(Thai)

122 122

17.2% 17.8%

1.15 1.00

8,811

’12 ’13 ’14(E)

8,500

1.30

Manpower Update

Manpower Trend Manpower Breakdown

Foreigner Ratio & Per Capita Sales Global Operation

2013

18.2%

’12 ’13 ’14(E)

8,517

’13 ’14(E) ’12 ’13 ’14(E) ’12 ’13 ’14(E) ’12 ’13 ’14(E) ’12

635

114

281 125

8,517 Hydrocarbon 56%

Non Hydrocarbon 30%

Admin 14%

8,517

Support 10%

Engineering 33%

Procurement 7%

Product Division

Construction 24%

Project Management 19%

8/13

Marketing 3%

Quality/Safe 4%

Business Update

(\ billion)

(\ billion)

Income Statement

2011 2012 2013

Revenue 9,298 11,440 9,806

Gross Profit 1,079 1,291 △547

Operating Profit 626 737 △1,028

Pre-tax Profit 687 705 △917

Net Income 515 525 △709

Gross Profit(%) 11.6 % 11.3 % △5.6 %

Operating Profit(%) 6.7 % 6.4 % △10.5 %

Pre-tax Profit(%) 7.4 % 6.2 % △9.4 %

Net Income(%) 5.5 % 4.6 % △7.2 %

9/13

Business Update

Statement of Financial Position

2011 2012 2013

Total Assets 5,189 5,674 5,929

Current Assets 4,157 4,188 4,266

Non-current Assets 1,032 1,486 1,663

Total Liabilities 3,875 3,985 5,023

Current Liabilities 3,645 3,554 4,277

Long-term Liabilities 230 431 746

Total Equities 1,314 1,689 906

Capital Stock 200 200 200

Capital Surplus 57 57 57

Retained Earnings 1,358 1,776 958

Capital Adjustment △301 △344 △309

10/13

Business Update

(\ billion)

Financial Index Capex

‘11 ‘12 ’13

Gross Profit Margin

11.6% 11.3% △5.6%

Pre-tax Profit Margin

7.4% 6.2% △9.4%

ROE 39% 31% △78%

EPS 12,875 13,125 △17,725

DPS 3,000 3,000 -

’12 ‘13 ‘14(E)

Facilities 220 70 70

Capital Expenditure

68 10 10

R&D 9 6 7

Total 297 86 87

(\ billion)

Financial Index & Capex

11/13

Business Update

Yr. Awarded Category Project Region Client Award

($ million) Completion

2010

Petrochemical Borouge 3 (LDPE) UAE Borouge 170 ‘14. 08

Petrochemical Borouge 3 (Polyolefins) UAE Borouge 552 ‘14. 09

Gas Shah Gas Development UAE ADNOC 1,496 ’14. 09

Water Muharraq STP (EPC+O&M) Bahrain MOW 555 ’14. 04(EPC)

2011

Power Shaybah NGL #3 Saudi Arabia Saudi Aramco 534 ’14. 03

Upstream Shaybah NGL #4 Saudi Arabia Saudi Aramco 922 ’14. 07

Gas Shaybah NGL #1, #2 Saudi Arabia Saudi Aramco 1,302 ’14. 07

Upstream West Qurna Ph.2 (GOSP) Iraq Lukoil (Russia) 998 ’14. 05

Upstream Banyu Urip (GOSP) Indonesia MCL(Exxon Mobil) 336 ’15. 01

Petrochemical UGCC PKG #B (GSP, PE/PP) Uzbekistan UZ-Kor Gas Chemicals LLC 817 ’15. 07

2012

Upstream Senoro Gas Indonesia Pertamina 233 ’14. 12

Refinery Yanbu Refinery Expansion Saudi Arabia Luberef 871 ’15. 07

Petrochemical Carrasco Ammonia and Urea Bolivia YPFB 811 ’15 .10

Refinery Carbon Black & Delayed Coker UAE Takreer 2,477 ’16. 01

Power Balkhash Thermal Power Plant Kazahstan Samruk-Energy 2,078 -

Power Yanbu Power Plant Phase 3 Saudi Arabia SWCC 1,506 ’17. 08

2013

Gas Badra CPF Phase 2 Iraq Gazprom 879 ’16. 01

Petrochemical Ammonia & Urea Azerbaijan SOCAR 648 ’16. 06

Refinery Riyadh Clean Transportation Fuel Saudi Arabia Aramco 211 ’16. 09

Power Cogen IPP Saudi Arabia Aramco 483 ’16. 07

Gas TGAST Malaysia Petronas 778 ’16. 09

Major Ongoing Projects Appendix

12/13

Subsidiary & Branch Office (23)

Global Engineering Center(4)

Head Office

North America

United States

Mexico

Latin America

Trinidad & Tobago

Venezuela

Brazil

Europe CIS

Russia

Uzbekistan

Kazakhstan

Middle East & Africa

Saudi Arabia

UAE

Kuwait

Iraq

Algeria

Egypt

Hungary

Italy

Asia

India

Vietnam

Indonesia

Thailand

Malaysia

China

Japan

Global Operations

13/13

Appendix