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1 2014 Daewoo International Presentation Material Ver. 2014-12.

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Presentation on theme: "1 2014 Daewoo International Presentation Material Ver. 2014-12."— Presentation transcript:

1 Daewoo International Presentation Material Ver

2 2 Contents II III ▶ Corporate Outlook ▶ Organization & Personnel ▶ Global Network ▶ Core Competency ▶ Vision 2020 Synergy with POSCO Family Business Area Company Profile II

3 3 Corporate Outlook Daewoo International (DWI)  Establishment : 1967  Sales Volume (2013) : USD 16.2 Billion  Vision : Challenging towards Global Top Company  Major Business Sector · International Trade · Project Organizing · Resource Development · Overseas Investment  Employee : 8,139  Global Network : Total 117 (58 countries) $ 16.2 Billion 2012 Sales Volume (CAGR = Compound Annual Growth Rate) (Operating Profit) (Sales Volume) USD 151M * Since 2011, K-IFRS standard used 8 (As of Apr. 2014)

4 4 Organization & Personnel Global Network : 117 Total Employees : 8,139 Trade & Investment Trade Administration  5 Groups  20 Divisions  74 Teams  60 Branches  14 Subsidiaries  26 Subsidiaries - Major 8 - Minor 18  2 Groups  9 Departments  3 Teams HQ (Korea)  712 Domestic Business  Department Store  1 Oil & Gas Resource (East Sea 6-1)  224 Employees Overseas Investment Resources Development  8 Oil & Gas Resource  7 Mineral Resource  2 Agro Resource * Total Employees : Includes 5,906 in overseas manufacturing factories (except for minor manufacturing factories) Employees  Dept. store: 210 Overseas Employees  Koreans : 234  Global Staffs : 853 (As of Apr. 2014)

5 55 Core Competency Trade & PJT Expertise Stable & Synergy-creating Biz Portfolio - Trade : Steel, Metal, Chemical, Machinery etc. - Project Organizing: IPP, Plant, Transportation - Oil/Gas/Mineral Resource/Agro Resources Development: 17 sites - Investment: 26 in 18 countries Global Biz Network Business Portfolio Korea’s No. 1 Overseas Biz Network Overseas Units in ** Countries - 6,000 Partners in 180 Countries 47-year Trading & Investment Know-how Trade & Project Experts - Global Competency and Vast Experience DWI, The Best Trade / PJT Organizing / Resource Development Company Korea’s No. 1 Overseas Biz Network Overseas Units in 58 Countries - 11,000 Partners in 140 Countries

6 66 Vision 2020 Global Major Trader Resources Development Portfolio Operation Top 10 Sales Volume Operating 4 Projects Equity Investment on over 10 Projects Country Marketing Large-size, Complex Project Development ~2020 Sales USD 52 Billion / Pre-tax Income 1.8 Billon Project Developer “Challenging towards Global Top Company” DWI, Achieve Sales Volume of USD 52 Billion through Vision 2020 Nurture All Employees as the Global Best Talent 50% or Higher Long-term Stable Profit Weight Lead and Build up Family Cooperation

7 Contents II ▶ Business Group ▶ Business Sector - International Trade - Resource Development - Project Organizing - Manufacturing Investment Business Area Company Profile Synergy with POSCO Family II III

8 8 Business Group BUSINESS GROUPDIVISIONMAIN BUSINESS/ITEM Business Group 1 Hot Rolled Steel DivisionHot Rolled Steel(POSCO Origin), API Plate & Wire Rod DivisionPlate, Wire Rod, Slab Energy Steel DivisionAPI Plate & HRC, Offshore / Wind Tower Plate, API Pipe Cold Rolled Steel DivisionCold Rolled Steel(POSCO Origin) Automotive Steel DivisionHot-dip Galvanized Steel Special Steel DivisionStainless Steel Business Group 2 Machinery & Plant DivisionIndustrial Machinery, Plant, Defense Industry Products Power Energy Infra DivisionPower Generation Plant Projects Automotive Component Division IAutomotive Components(OE) Automotive Component Division IIAutomotive Components(RE) Electronic Industry Division Electronic/IT Products Business Group 3 Steel Raw Materials DivisionSteel Raw Materials, Steel Semi Products, Deformed Bar Non-Ferrous Metal Division Copper, Nickel, Aluminum, Zinc, Lead, Tin, Finished Products of Copper & Brass Commodity DivisionDevelopment for Agricultural Resources & Textile Materials Mineral Resources DivisionDevelopment for Mineral Resources Business Group 4 Chemical Division 1 Petroleum Products, Petrochemical Raw Materials, Detergent Raw Materials Chemical Division 2 PE, PP, PS, ABS, PVC, PU Raw Materials, PET Resin, Textile Materials, Polyester Raw Materials, Plasticizer Chemical Division 3 Synthetic Rubber, Fertilizer, Inorganic, Fine Chemical Products Resources Development Group Petroleum Exploration DivisionExploration & Production for Oil and Gas Petroleum Production DivisionAdministration & Business Management of E&P Project (As of Apr. 2014)

9 99 Business Sector DWI, Diversifying its Business Model in a way that Creates a Synergy To Create Synergy International Trade Resources Development Project Organization & Development ○ Organization : Industrial/Power Plant, Infrastructure (Ex. Railway, Port) ○ Development : Package Deal (Resource + Plant), IPP Main Business Sectors of DWI International Trade International Trade Project Organizing Project Organizing Resource Development Overseas Investment Stable Supply Exploration Development Production Marketing Raw Material Production Distribution & Processing Package Supply Marketing

10 10 DWI, Trading a Variety of Items / Specialized in Triangular Business Business Sector – International Trade Ex. Steel Raw Materials Triangular Business Resource Development Co. In Overseas Steel Mills in China Sao Paulo Branch Sydney Branch DAEWOO INDIA Moscow Branch Johannesburg Branch DAEWOO CHINA BUYING SELLING Total Steel Non Ferrous Metal Machinery/ Automotive Textile Item HR, CR, STS Non-Ferrous Metal, Steel Raw Materials Machinery, Plant Automotive Components, Parts Cotton, Cotton Yarn & Fabric Textile Materials, Woven Apparels Petroleum Products, Chemical Raw Materials PE/PP, PVC, PET Resin, Fertilizer etc Chemical Agriculture/ Fisheries Electronics Grain, Foodstuff, Coal, Mineral & Construction Materials Electronic / IT Products, System Integration Defense Industry Products 2013 Sales Ratio for Trade Triangular Business (2013) Export51% Triangular43% import6% Unit (%) 43% of Trade is accomplished by Triangular Business

11 11 17 Resources Development Projects including 5 Projects as Main Operators Business Sector – Resource Development 8 Oil/Gas Resources Projects 7 Mineral Resources Projects CANADA Kiggavik (Uranium) PERU Block 8 (Oil) VIETNAM 11-2 (Gas) MYANMAR A-1 / A-3 (Gas) (Operator) MYANMAR AD-7 (Gas) (Operator) OMAN KOLNG (Gas) MADAGASCAR Ambatovy (Nickel) KOREA East Sea 6-1 (Operator) BOLIVIA Corocoro (Copper) AUSTRALIA Marree (Uranium) AUSTRALIA Narrabri (Coal) (As of Mar. 2014) 2 Agro-Resources Projects RUSSIA Tomsk (Woods) INDONESIA Palm Oil (Operator) CAMEROON Mayodale (Tin) Hong Kong SEAGP CANADA Calgary (Tight Oil-Gas) MYANMAR Shangalon (Copper)

12 12 ProjectEquityReserve History & Status Remarks Peru Block 8 (Oil Field) 11.7%28 MM bbl : Participation (Operator : Pluspetrol) - Production: 10,748 bbl/day (Crude Oil) - Earnings: US$ 6 mm in 2013 Vietnam offshore Block 11-2 (Gas Field) 4.9% 0.4 TCF 15 MM bbl : Participation (Operator : KNOC) - Dec. 2006: Commercial Gas Production - Production : 132 mmscf/day (Gas) 3,500 bbl/day (Condensate) - Earnings: US$ 6.3 mm in 2013 Myanmar offshore Block A-1 (Gas Field) 51% (*Operator) 2.2 ~ 3.7 TCF - Jan. 2004: Discovery of Shwe Gas Field - Mar. 2005: Discovery of Shwe-Phyu Gas Field - Dec. 2013: Reserves Certification in Shwe & Shwe-Phyu Gas Fields (RPS Energy) - GSPA in Dec Declaration of Commerciality in Nov EPCIC Contract in Feb FDP Approval in Mar Gas Sales in Jul Myanmar offshore Block A-3 (Gas Field) 51% (*Operator) 0.9 ~ 1.8 TCF - Jan. 2006: Discovery of Mya Gas Field - Dec. 2013: Reserves Certification in Mya Gas Field (RPS Energy) Canada Tight Oil-Gas 10% (Cardium) 7% (Notikewin) 48 MM boe - Aug : Purchase & Sale Contract Signed - Dec : 11 Wells Drilled - Earnings : US$ 0.6 mm in 2013 Myanmar offshore Block AD-7 60% (*Operator)n/a - Feb. 2007: PSC Signed - Mar. 2007~Jun. 2013: Study Period - Jul. 2013~Jun. 2015: Exploration Period - Farm-out 40% Participating Interest to Woodside in 2013 Korea offshore Block 6-1S 70% (*Operator)n/a - Sep. 2011: Concession Contract Signed - Oct. 2011~Sep. 2015: 1 st Exploration Period Myanmar onshore Block RSF-7, MOGE % (*Operator)n/a - Apr : MOA Signed - Apr ~ Mar : Study Period for Unconventional Hydrocarbon Resources MIDSTREAM SEAGP (South East Asia Gas Pipeline Company) %n/a - Jun. 2010: Establishment of a SPC, SEAGP in Hong Kong (Major Shareholder: CNPC) - Apr. 2010: Establishment of Myanmar Branch Office (Mandalay) - May 2011: EPC Construction Started (On-going) - June 2013: Completion of Pipeline Construction - June 2013: Commencement of Gas Transportation - Transportation of gas produced from Myanmar Block A-1/A-3 to Eastern part of China DOWN STREAM Oman LNG (KOLNG) 20% (1% of OLNG) n/a : Participation (Operator : Shell) : LNG Production (Dividend since 2002) - Annual capacity : 6.6mmMT - Earnings: US$ 20 mm in 2013 TCF : Trillion Cubic Feet / KNOC: Korea National Oil Corporation / GSPA : Gas Sales & Purchase Agreement FDP : Field Development Plan / PSC : Production Sharing Contract / SPC: Special Purpose Company Business Sector – Exploration & Production for Oil and Gas OIL & GAS RESOURCES DEVELOPMENT / PRODUCTION EXPLORATION (As of Mar. 2014)

13 13 Business Sector – Mineral and Agro Resource Development ProjectEquityReserveRemarks Madagascar Ambatovy (Nickel) 4.0%169Mt : Participation - Parties: Sherritt 40%, Sumitomo 27.5%, KAC 27.5% (KORES 17.5%, others) - Production in 2012 (Production period : 29 years) - Annual Capacity : Nickel 60,000 t/y, Cobalt 5,600 t/y Australia Narrabri (Coal) 5.0%200Mt - Aug 2009: Participation - Parties : Whitehaven 70%, KORES 2.5%, others - Annual Capacity : 6 Mt/y (Production in 2010) Canada Kiggavik (Uranium) 1.7%40,616t : Participation ~2014: Environmental assessment study, F/S Australia Marree (Uranium) 10%n/a : Participation - Exploration in progress Bolivia Corocoro (Copper) 5%n/a : Participation - Exploration in progress Cameroon Mayo Dale (Tin) 100%n/a : Approval of mining right for Mayo Darle’s Tin - Exploration in Progress Myanmar Shangalon (Copper) 60%n/a : Participation - Exploration in progress Indonesia (Oil Palm)85%36,000 ha - Aug. 2011: Contract signed - Sep. 2012: Initiated Oil Palm planting - Apr. 2013: Oil Palm tree planted (2,400ha, 310,000ea) Russia (Forest)50%209,000 ha - Aug. 2011: Contract Signed - Nov. 2012: Started wood harvesting and marketing - Jun. 2013: Expected to implement construction of veneer mill KC: Korean Consortium / KORES : Korea Resources Corporation MINERAL RESOURCES PRODUCTION EXPLORATION AGRO RESOURCES DEVELOPMENT (As of Mar. 2014)

14 14 DWI, Operating Myanmar Gas Project toward Gas Production in May 2013 Business Sector – Myanmar Gas Project Block Block A-1 (since Aug. 2000) Block A-3 (since Feb. 2004) LocationNorthwest Offshore of Myanmar Contract Production Sharing Contract Investment Total : 1,971 M (USD) Equity DWI (Operator) 51% ONGC Videsh 17% MOGE 15% GAIL (India) Limited 8.5% KOGAS 8.5% GSPA : Gas Sales & Purchase Agreement / EPCIC : Engineering, Procurement, Construction, Installation & Commissioning Process for Gas Production Myanmar Gas Development Project − Dec. 2008: GSPA (CNUOC) − Nov. 2009: Declaration of Commerciality − Feb. 2010: EPCIC Contract − Jun. 2013: Gas Production (As of Mar. 2014)

15 15 DWI, Expanding Canada Tight Oil - Gas Project in 2014 Business Sector – Canada Baptiste Project ContractAsset Purchase and Sale Agreement Investment Total : 271 M (CAD) Equity Cardium Notikewin Bellatrix (Operator) 41% 27% KIS Devonian 31% 21% DWI 10% 7% Others 18% 45% Process for Production Dec : 11 Wells Drilled ~ 2014 : Drilling 39 Wells Planned LocationNW 200Km from Calgary, Canada Total (Wells) : 74 (Cardium : 51 + Notikewin : 23) Development Total (MMBOE) : 48.2 (Cardium : Notikewin : 21.5) Reserves (As of Mar. 2014)

16 16 DWI, Covering Every Step of Project Organizing (Financing / Plant / Operation) Business Sector – Project Organizing Papua New Guinea Power Plant Project Finance Local Government Electric Power Supply Construction/Maintenance Capital Investment Insurance Capital InvestmentProject Organizing Papua Power Plant  Structure Establishment Location Port Moresby, Papua New Guinea Project Scheme BOT (Build Own Transfer) IPP (Independent Power Producer) Investment USD 16 Mil. Sales (2012)USD 25 Mil. Capacity24 Mega Watt/Year  Supply 40% of Papua Metropolitan area electricity demand DWI 49% Doosan Heavy Industry 51% Equity EDCF Green Energy (Sun & Wind Energy) Social Infrastructure Oil & Gas, Refinery, Petrochemical Plants Power Plant (IPP, BOT) EDCF (Economic Develop -ment & Cooperation) (As of Mar. 2014)

17 17 DWI, Positioning to Become the World’s Biggest Lateritic Nickel Mine Business Sector – Resource Development Madagascar Ambatovy Nickel Project  Structure Project Madagascar Ambatovy Nickel Project Investment Total (USD) : 7.9 Bil. Equity DWI 4% Sherritt 40%, Sumitomo 27.5%, SNC-Lavalin 5% KORES 22.5%, STX 1% Reserve % Nickel, 0.10% Cobalt Production Nickel 60,000 ton/year Cobalt 5,600 ton/year  30,000 ton Nickel for Korean Consortium  24,000 ton for Daewoo (80% of Korean Consortium) Ambatovy Plant Site Capital Investment Operation/ Maintenance Investment Structure O&M Company Sponsors Lenders Group Loan Guarantee Off-Taker EPC Contractors Ambatovy Project (As of Mar. 2014)

18 18 DWI, Operating 9 Major Manufacturing Subsidiaries to Create a Synergy with Trading Business Sector – Major Manufacturing Investment Major Overseas Manufacturing Investment CHINA Paper UZBEK Textile UZBEK Subsidiary Investment 8 USD 120 Mil. BRAZIL Daewoo BSPC (Coil Center) (As of Mar. 2014) PNG Power Producer USA Daewoo AAPC (Paper Company) Myanmar Construction & Machinery INDONESIA Palm Oil

19 Contents II 1) POSCO Business Portfolio 2) POSCO Family’s Investment & Activities in Brasil Business Area Company Profile Synergy with POSCO GROUP II III

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27 27 2) POSCO ’ S INVESTMENT & ACTIVITIES  CSP  BSPC  KOBRASCO  NAMISA  CBMM  POSCO  DAEWOO INT’L  POSCO ICT  POSCO E&C [ INVESTMENT ] [ BUSINES ACTIVITIES ]

28 ○ General Overview - Estimated Establishment : Feb. - Location : Pecem in State of Ceara - Capex : U$5 Billion - Capacity : 3 Mil tons/yr (1 st phase) - Product : steel slab (Integrated steel mill) - Shareholder composition : Vale 50% / Dongkuk 30% / POSCO 20% 1. CSP(Companhia Siderurgica do Pecem) ○ Master Schedule Starting construction Dedication 2.1. Water Supply 3.1. Commissioning piling NOW

29 ○ General Overview - Establishment : Sep Location : Suzano City in São Paulo - Capacity : 150,000 tons/yr - Facility : Blanking 1 / Slitter 1 / Shear 1 / Mini shear 1 - Shareholder composition : Daewoo 51% Posco 25% / Bluestar 24% 2. BSPC Steel Service Center

30 ○ General Overview - Establishment : Mar (Starting operation Oct, 1998) - Investment Purpose : Stable provision of raw material(Pellet) - Location : Vitória in State of Espírito Santo - Capacity : Pellet 5 million tons/yr - Shareholder composition : POSCO 50% / Vale 50% 3. KOBRASCO Pellet Plant ○ Production & Sales st HALF Production Sales Amount (million tons / R$ million)

31 4. Investment in Mines ○ NAMISA Iron ore mine - Establishment : Mar Location : State of Minas Gerais - Reserves : 521 million tons (Fe 41~53%) - Production in 2012 : 4 million tons - Sales in 2012 : 21.4 million tons - Shareholder composition : CSN 60% / Korea-Japan consortium 40% (POSCO 6.48%) ○ CBMM Niobium mine - Establishment : Location : Araxa City in State of Minas Gerais - Product : Fe-Nb / Ni-Nb / Nb Oxide / Nb Metal World biggest Nb mine operation & processing - Reserves : 829 million tons - Sales in 2012 : Fe-Nb 65,479 ton(R$3,845 million) - Shareholder composition : Korea-Japan consortium 15% / Moreira Salles Family 85%

32 - Establishment : Location : Av. Paulista in São Paulo - Business Type : Trading - Main Handling Item : Steel / Steel raw material / Non ferros metal / Automotive parts / Electronics / Chemical - Annual Sales : U$ 450 million ○ Daewoo do Brasil - Establishment : Fev, Location : Pecem, Ceara - Business Type : Construction/Civil Engineering - Main Business : CSP construction ○ POSCO Engenharia e Construção do Brasil - Establishment : Location : Centro in São Paulo - Business Type : Engineering & IT service Total solution for manufacturing Railways(PSD, CBTC, Power) - Main Business in Brazil : São Paulo Metro Line 2, 3, 4 PSD CSP Project ○ POSCO ICT do Brasil 5. Business Activities

33 33 Thank You!


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