This presentation was prepared to release the company's 2Q 2017 business performance prior to the completion of auditing for the purpose of providing information to shareholders and investors. As figures in this presentation are based on unaudited financial statements, certain contents may be subject to modification in the course of auditing process. Therefore, this material can not be used, in any case, as an evidence to clarify legal liability of any investment outcome.
Parent Performance (Production / Sales)
2Q Business Performance
Crude steel production and sales volume decreased by facility maintenance(thousand tons, thousand KRW/ton)
Product Sales Price
Carbon Steel : +34 thousand KRW/ton
STS : -98 thousand KRW/ton
2Q 16
1Q 17
2Q 17
QoQ
Crude Steel Production
9,007
9,081
8,801
-280
Product Production
8,861
8,706
8,520
-186
STS
502
481
518
37
Product Sales
9,005
8,722
8,463
-259
STS
513
483
509
26
Carbon Steel Sales Price
557
671
705
34
WP Sales Ratio (%)
45.3
53.4
56.0
-
Export Ratio (%)
47.0
47.2
46.7
-
Product Inventory
972
974
977
3
WP Ratio : 1Q) 53.4 → 2Q) 56.0% (+2.6%p)
Domestic Sales Ratio
: 1Q) 52.8 → 2Q) 53.3% (+0.5%p)
[ 2017 Maintenance Plan ]
1Q 2Q 3Q 4Q
BF*
Down- stream
P) No.3 BF Revamping (Feb~Jun)
P) CGL (Mar~Apr)
P) No.3 Plate Mill (Apr~May)
P) No.1 Hot Rolling Mill (May~Jun)
G) No.3 Hot Rolling Mill (Oct~Nov)
G) No.3 Cold Rolling Mill (Oct~Jan.'18)
P) New No.3 ZRM* (Feb)
G) New No.7 CGL (Apr)
2Q Earnings Release │ July 20, 2017
* BF : Blast Furnace, P) Pohang Works, G) Gwangyang Works, ZRM : Electrical Steel Mill
3
Parent Performance
2Q Business Performance
OP down from high-priced inventory sales despite rise of sales price(billion KRW)
2Q 16
1Q 17
2Q 17
QoQ
Revenue
6,010
7,067
7,134
67
Cost of Goods Sold
4,851
5,843
6,133
290
Gross Profit
1,159
1,224
1,001
-223
(Gross Margin)
(19.3%)
(17.3%)
(14.0%)
-
SG&A
446
429
416
-13
Operating Profit
713
795
585
-210
(Operating Margin)
(11.9%)
(11.3%)
(8.2%)
-
Non-Operating Profit
-317
275
66
-209
Net Profit
311
840
509
-331
(Net Margin)
(5.2%)
(11.9%)
(7.1%)
-
Operating Profit Variance
Sales Price Increase
(billion KRW)
+217 Sale of Expensive Inventory
'17.1Q 795 | |
Price /Sales Vol. Increase Decrease -106 -40 | '17.2Q 585 |
Raw
MaterialProduction
-281
-210
Net Profit Variance (billion KRW)
Disposal of investment securities : +96
Decrease of operating profit : -210
Base effect from write-back of impairment loss on stock in 1Q : -226
[Financial Structure] Record low liabilities ratio
(billion KRW)
Liabilities Ratio
19.2% 17.6%16.3%
Net Debt 10
-330 -153
'16.2Q
'17.1Q
'17.2Q
4
2Q Earnings Release │ July 20, 2017
POSCO published this content on 20 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 July 2017 07:59:03 UTC.
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