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1 st Half 2010 Business Results July 30, 2010. 2 Notes for Investors This presentation has been prepared with unaudited 1st half 2010 results for investors’

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Presentation on theme: "1 st Half 2010 Business Results July 30, 2010. 2 Notes for Investors This presentation has been prepared with unaudited 1st half 2010 results for investors’"— Presentation transcript:

1 1 st Half 2010 Business Results July 30, 2010

2 2 Notes for Investors This presentation has been prepared with unaudited 1st half 2010 results for investors’ convenience. Therefore, some parts may change upon the review of Kia’s independent auditors.

3 CONTENTS 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 1H Business Results Appendix Sales Overview Income Statement Balance Sheet Cash Flow Revenue COGS and SG&A Non-Operating Income/Expense Global Retail Sales Korea market US market Europe market China market Rest of world Income Statement (Quarterly)

4 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 1H Business Results Sales Overview Income Statement Balance Sheet Cash Flow Revenue COGS and SG&A Non-Operating Income/Expense Global Retail Sales

5 5 663 990 + 49.2 1H `09 1H `10 Chg (%) 510 650 + 27.6 192 227 + 18.6 318 423 + 32.9 154 339 + 120.9 91 161 + 76.8 63 103 + 64.9 - 75 - Sales Overview Sales Volume Korea Plants Domestic Export Overseas Plants China Europe U S (thousand units) * Figures based on Shipment and Revenue

6 6 1H `09 1H `10 (%) Chg (%) 510 650 100 + 27.6 192 227 3835+ 18.6 318 423 6265+ 32.9 8,179 10,629 100 + 30.0 3,038 4,249 3740+ 39.9 5,141 6,379 6360+ 24.1 2,139 2,497 26.223.5+ 16.7 419 733 5.16.9+ 75.0 551 1,230 6.711.6+ 123.3 444 956 5.49.0+ 115.2 758 1,038 9.39.8+ 36.9 Income Statement Sales Volume Domestic Export Revenue Domestic Export Gross Profit Operating Profit Recurring Profit Net Profit EBITDA* (thousand units, KRW billion) *EBITDA = Operating profit + Depreciation + Amortization

7 7 As of Dec. 31st, 2009 As of Dec. 31st, 2009 As of June 30st, 2010 As of June 30st, 2010 Change 16,942 + 263 1,912 - 27 17,205 1,885 9,565 - 556 4,560 - 1,122 9,009 3,438 2,648 - 1,095 1,553 7,376 + 819 8,195 35.9% - 17.0% p 19.0% Balance Sheet (KRW billion) Assets Cash & Cash Equivalent Liabilities Debt Net Debt Equity Net Debt-to-Equity ratio * Net Debt-to-Equity ratio = Net Debt / Equity * Cash & Cash Equivalent = Cash + Short-term Financial Instrument

8 8 956 201 103 150 -189 207 -501 305 1,335 Total -150 -129 -70 -630 105 -874 Total -1,058 33 -97 4 -1,118 Total 1,442 - 657 785 ( 1,885 ) ( 1,912 ) Cash Flows Net Operating Cash FlowsNet Investment Cash Flows Net Financing Cash Flows Net Income Depreciation Amortization Warranty Provision (net) Decrease in Accounts Receivable Increase in Inventory Increase in Accounts Payable Equity Earnings Others Increase in Tangible Assets (PP&E) Increase in Intangible Assets (R&D) Purchase of Equity Securities Short-term financial instrument Others Decrease in Debt (net) Warrant Exercise payment of dividends Others Beginning Cash Balance Ending Cash Balance *( ) ; cash balance including short-term financial instrument (KRW billion)

9 9 1H `09 +2,450 (+30.0%) +2,450 (+30.0%) F/X rate Sales volume Product mix Others - 1,004 + 2,073 + 1,095 + 286 F/X rate Sales volume & Product mix Others USD / KRW 1,353 → 1,158 (-14.4%) EURO / KRW 1,801 → 1,521 (-15.5%) Sales units (thousand units) 510 → 650 (+27.6%) ASP Domestic (KRW million) : 15.3 → 17.7 (+ 15.8%) Export (U$ thousand) : 10.8 → 11.7 (+ 7.9%) Others (KRW billion) 609 → 894 (+46.9%) 1H `10 10,629 8,179 Revenue (KRW billion)

10 10 Salary & Wage Domestic Marketing Exp. Domestic Marketing Exp. Overseas Marketing Exp. Overseas Marketing Exp. Warranty Exp. Export Exp. Others COGSSG&A 3.2 2.7 6.2 2.3 3.3 21.0% 3.2 3.1 2.5 2.1 2.7 3.1 16.6% 1H `09 1H `10 73.8 76.5 1H `09 1H `10 + 2.7% p - 4.4% p COGS and SG&A (% to revenue)

11 11 132 NET 497 -128 -54 -35 10 41 38 1H `09 1H `10 255 502 1H `09 1H `10 Non-Operating Income/Expense Interest Expense * F/X Loss OthersEquity Earnings * Includes Gain/Loss on F/X evaluation (KRW billion)

12 12 `09 `10 [ P ] Chg (%) 1,651 Retail sales 1,8747481,004 +34.1 Korea US Europe China Rest of world 411 300 242 241 455 430 347 250 330 517 192 147 118 91 200 227 170 136 161 310 +18.6 +15.4 +14.6 +76.8 +54.9 * Europe : EU + EFTA 1H `09 1H `10 Global Retail Sales (thousand units)

13 13 http://kmcir.com Thank you

14 Appendix Korea market US market Europe market China market Rest of world Income Statement (Quarterly)

15 15 Sale & M/S 27.4% 29.6% 31.1% 32.1% Growth rate Oct `09DecFeb `10Jun 27.4% 29.7% 36.6% 31.2% ▷ Promote Volume models ▷ Enhance Brand image : K5, K7, SportageR, SorentoR : ‘Design Kia Kia + 18.6 % Market + 14.8 % year-on-year 13% 24% 63% 11% 26% 63% 11% 23% 66% 10% 25% 65% 315 411 192 227 `08 `09 1H`09 1H`10 CV RV PC + 18.6% Korea market [ thousand units ] Market share

16 16 Sale & M/SGrowth rate + 15.4 % + 17.2 % year-on-year 2.1% 2.9% 3.1% 3.0% 44% 56% 40% 60% 47% 53% 46% 54% 273 300 147 170 + 15.4% CV RV PC ’09Feb’10Jun 2.9% 3.1% 3.2% ▷ New Models ▷ Strengthen Dealer network : New Sportage (3Q), K5 (Pre-marketing) ☞ `09 : 691 → 1H`10 : 708 → 2H: 735 US market [ thousand units ] KiaMarket `08 `09 1H`09 1H`10 Market share

17 17 Sale & M/SGrowth rate + 14.6 % + 0.6 % year-on-year 1.5% 1.7% 1.6% 1.8% ▷ New Models : New Sportage (3Q) ▷ Kia’s Dealer enhancement network ▷ Strengthen auto financing 225 242 118 136 1% 27% 71% 1% 20% 79% 1% 19% 80% 1% 15% 84% + 14.6% CV RV PC 37% 28% -7% 3% 22% -6% 13% -8% -5% Kia Market 7% 13% 11% Europe market [ thousand units ] KiaMarket `08 `09 1H`09 1H`10 Monthly Sales Growth (year-on-year) JanFeb May MarAprJun

18 18 Sale & M/SGrowth rate + 76.8 % + 49.8 % year-on-year 2.6% 2.9% 2.6% 3.0% ▷ Increase in SUV demand ▷ Subsidy for high efficiency vehicles ▷ Strengthen Dealer network 142 241 91 161 + 76.8% 76% 81% 83% 77% 24% 19% 17% 23% CV RV PC 242% 103% 51% 128% 38% 55% 31% 19% Kia Market 27% 117% 63% 20% China market [ thousand units ] KiaMarket `08 `09 1H`09 1H`10 Monthly Sales Growth (year-on-year) JanFeb May MarAprJun

19 19 SaleSales by Region ▷ New Models ▷ Recovering Markets : New Sportage (3Q), K5 (4Q) Strategy ▷ Growing Markets SalesPortionGrowth rate 310 124 62 59 (45) 38 (12) 27 + 54.9 % + 43.7 % + 100.6 % + 67.2 % (+ 107.5 %) + 51.1 % (+ 25.1 %) + 19.9 % 100 % 40 % 20 % 19 % (15 %) 12 % (4 %) 9 % 8% 34% 68% 7% 31% 61% 8% 32% 60% 8% 29% 64% 419 455 200 310 + 54.9% CV RV PC Rest of world [ thousand units ] `08 `09 1H`09 1H`10 [ thousand units ] Rest of world Middle East & Africa Latin America East Europe (Russia) Asia & Pacific (Australia) Canada : Middle East & Africa : Latin America, Asia & Pacific, Russia

20 20 220 79 141 290 113 177 280 99 181 352 121 231 1Q 2Q 3Q 4Q `09 `10 1Q 2Q `10 2Q VS. `09 2Q (%) `10 2Q VS. `09 2Q (%) `10 2Q VS. `10 1Q (%) `10 2Q VS. `10 1Q (%) 300 105 196 350 123 227 +20.7 +8.8 +28.3 +16.6 +17.1 +16.3 3,502 1,169 2,333 4,676 1,869 2,808 4,509 1,703 2,806 5,728 2,212 3,516 4,861 1,959 2,902 5,768 2,291 3,477 +23.3 +22.6 +23.8 +18.7 +17.0 +19.8 Margin (%) 89 2.5 330 7.1 313 7.0 412 7.2 310 6.4 424 7.3 +28.3+36.7 Margin (%) 108 3.1 442 9.5 453 10.0 696 12.1 520 10.7 710 12.3 +60.5+36.6 Margin (%) 97 2.8 347 7.4 402 8.9 604 10.5 399 8.2 558 9.7 +60.7+39.9 Income Statement (Quarterly) (thousand units, KRW billion) Sales volume Domestic Export Revenue Domestic Export Operating Profit Recurring Profit Net Profit

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