Kumho Petrochemical : 2023 1Q Earnings Release

May 2, 2023

1Q 2023 Earnings Release

The business result for the 1st quarter of 2023 is currently under the audit process, however this is

presented purely for the purposes of investors' convenience.

Hence, please be advised that some of the contents may be altered in the course of audit.

Forecasts and projections contained in this material are based on current business environments and management strategies, so these may differ from the actual result upon changes and unaccounted variables.

1. 1Q 2023 Business Results
2. Divisional Results
3. Appendix

1Q 2023 Business Results

Income Statements

(Unit: KRW bn)

Classification	23.1Q	22.4Q	QoQ	22.1Q	YoY
Sales	1,721.3	1,645.5	4.6%	2,199.1	-21.7%
Operating Profit	130.2	114.2	14.0%	449.1	-71.0%
(7.6%)	(6.9%)	(20.4%)
EBITDA	188.8	174.9	7.9%	505.6	-62.7%
(11.0%)	(10.6%)	(23.0%)
Pre-tax Income	168.5	80.5	109.3%	503.7	-66.5%
(9.8%)	(4.9%)	(22.9%)
Net Income	132.6	154.6	-14.2%	373.2	-64.5%
(7.7%)	(9.4%)	(17.0%)
Equity Income	22.0	23.3	-5.6%	49.3	-55.4%

* Net Income is based on Controlling interests.

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1Q 2023 Business Results

Balance Sheet

(Unit: KRW bn)

Classification	23.1Q	22	Change
(End)
Asset	7,986.6	7,719.2	3.5%
(Cash and	(521.4)	(5,673)	(-8.1%)
equivalents)
Liabilities	2,349.9	2,065.8	13.8%
(Debt)	(787.7)	(728.8)	(8.1%)
Shareholder's	5,636.7	5,653.4	-0.3%
Equity
Liabilities/	41.7%	36.5%	5.1%p
Equity (%)

Financial Ratios

Classification	23.1Q	22	Change
(End)
Debt/Equity	14.0%	12.9%	1.1%p
Net Debt	4.7%	2.9%	1.9%p
/Equity
Interest	16.5	39.3	-22.8
Coverage
Ratio (x)
ROE	9.4%	19.1%	-9.7%p
ROA	6.8%	13.0%	-6.2%p

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