1. SM Line Standard Presentation
4Q 2017

2. CONTENTS 1. SM Group 2. SM Line 3. Service Advantage of SM Line
▶ History
▶ Chairman message
2. SM Line
▶Timeline
▶Strength
▶Vessel Fleet
▶Terminal Operation Business
3. Service Advantage of SM Line
▶ Overall
▶ Transpacific Trade
▶ Intra Asia Trade

3. CONTENTS 1. SM Group 2. SM Line 3. Service Advantage of SM Line
▶ History
▶ Chairman message
2. SM Line
▶Timeline
▶Strength
▶Vessel Fleet
▶Terminal Operation Business
3. Service Advantage of SM Line
▶ Overall
▶ Transpacific Trade
▶ Intra Asia Trade

4. History Growth Early Years Establishment SM Group
With its roots firmly entrenched in the construction business, SM Group has dynamically grown its business portfolio into manufacturing and service businesses through several significant mergers and acquisitions over the years.
1988~2003
2004~2007
2008~2015
Samra Engineering & Construction
Established (1988)
Growth
Group sales reached
KRW 500 billion
Group sales surpassed
KRW 2.6 trillion
Early Years
Establishment
Incorporated
Jinduk Industrial(2004),
Choyang(2005), Bexel(2005),
Knwool Textile GMB(2006)
Acuqired Namsun Aluminum(2007)
Incorporated
TK Chemical(2008), Woobang(2010),
Hiplus Card(2011),
Shinchang Construction(2011),
Jeil GMB(2012), KT Ceramic,
Seoulim Highpack(2012),
Haksan Construction,
Sanbon St Shopping Center
Korea Line Corp(2013),
DongYang Life Science(2014)
IPO for TK Chemical(2011)
The success of Samra MidasVill
laid the foundation for group

5. “Affiliates in SM Group are financially supporting the SM Line”
History
SM Group
“Affiliates in SM Group are financially supporting the SM Line”
TK CHEMICAL Co., Ltd.
TK CHEMICAL Co., Ltd. CONSTRUCTION PARTS
TONGYANG LIFE SCIENCE Co., Ltd. BEXEL Co., Ltd..
CHOYANG Co., Ltd NAMSUN ALUMINUM Co., Ltd.
NAMSUN ALUMINUM Co., Ltd. AUTOMOTIVE PARTS
KYUNGNAM WOOL Co., Ltd. GMB DEPARTMENT
KYUNGNAM WOOL Co., Ltd. KT CERAMIC DEPARTMENT
SEOULIM HIGHPACK Co., Ltd. ADM21 Co., Ltd SAMRA Co., Ltd.
WOOBANG Co., Ltd.
WOOBANG CONSTRUCTION Co., Ltd.
WOOBANG ENGINEERING
&CONSTRUCTION Co., Ltd.
WOOBANG INDUSTRY CO., Ltd.
Construction
Social
&
Service
Manufacture
Shipping
KOREA LINE CORPORATION
KOREA SHIPPING CORPORATION
KLC SHIP MANAGEMENT CORPORATION
KOREA MARITIME FINANCIAL
HIPLUS CARD Co., Ltd.
SM CREDIT INFORMATION Co., Ltd.
SANBON STATION SHOPPING CENTER Co., Ltd.
SAMRA HOPE FOUNDATION

6. Chairman message SM Group
Our very existence depends on customers, which is why we always try to conduct our business from their point of view. In fact, our prompt response to their needs has been the driving force of our growth over the years.
Today, customer value comes before everything else in our business activities. This is how SM Group ensures its continued growth while maintaining the unparalleled trust of customers. Moving forward, this will remain the defining principle when we carry out our business, even as we continue with R&D efforts to introduce better products and services.
The trust our customers bestow upon us is the driving engine that propels us forward as we work hard to make life better for individuals, organizations, and society as a whole. At the same time, interdependence and co-existence among all stakeholders is imperative in our sustainable growth.
To that end, we are working tirelessly to build a platform for mutual growth with our stakeholders. This also extends to our labor union, subcontractors, customers and investors, all of whom are helping to facilitate the sustainable growth of SM Group.
While putting co-prosperity with customers and society first, SM Group will continue with its ethical practices in all business activities and in a highly transparent and fair manner.
Additionally, we will faithfully fulfill our corporate social responsibilities, while maintaining a high level of trust with customers, stockholders and investors.

7. CONTENTS 1. SM Group 2. SM Line 3. Service Advantage of SM Line
▶ History
▶ Chairman message
2. SM Line
▶Timeline
▶Strength
▶Vessel Fleet
▶Terminal Operation Business
3. Service Advantage of SM Line
▶ Overall
▶ Transpacific Trade
▶ Intra Asia Trade

8. “Stably Build up TPS and IAS network in record time”
Timeline
SM Line
Incorporation of SM LINE Corporation
Delivery of the first owned vessel 1,100 TEU Container Vessel ‘SM TOKYO’
Acquisition of Hanjin Shipping Gwangyang & Gyeong-In Terminal
Launched VTX (Vietnam Thailand Express,
Deploy 1,300teu x 3)
Launched KHX (Korea Haiphong Express, Deploy 1,000teu x 2)
Launched WIN (West India Service, slot purchase)
Launched KCX (Korea China Express, Deploy 1,000teu x 1)
Launched CPX (China Pacific Express, Deploy 6,500teu x 5)
Launched EIN (East India Express, slot purchase)
Launched KJX
(Korea China Express,
Deploy 1,000teu x 1)
Launched VIX
(Vietnam Indonesia Express,
Deploy 1,300teu x 4)
“Stably Build up TPS and IAS network in record time”
Launched NMS (North Asia Malaysia Service, slot exchange)

9. Strength
SM Line
SM Line and its members are a group of liner shipping specialist.
With our finest knowledge in trades all over the world,
we are ready to deliver the greatest value to customers.
Customers can discuss the logistics problems that they want to solve
and our specialist will offer the best solution.
2017 will be another crucial year for the most of shipping liner.
SM Line is one of the most cost-effective and TPS/IAS focused carrier which enable us to maintain financial stability.

10. Strength
SM Line
Provides premium express service through minimization of transit time.
Assign a Customer Service Manager for the major US customers, enabling premier customer service.
Provides reliable vessel
schedule and stable space
throughout the year with
Independently operating own vessel fleets or partnership with reliable
partners
Armed with shipping big data and advanced IT solutions to provide high visibility for SCM

11. “Stable increase of fleet with high own ship rate”
Vessel Fleet Status
SM Line
“Stable increase of fleet with high own ship rate”
• Current Own Vessel capacity : 120k teu / Current Operating capacity in Services : 52,441 teu
• Reliable fleet operation with high own ship rate (94%)
• Most ships are under financial support from Korea Asset Management Corporation funded by Korean Government.
• By 2020, SM Group will expand to 100 vessels at group level 4
Charter
Vessel (6%) 21
Own Vessel
(94%)
8,600 Class x 4
6,500 Class x 8
6,000 Class x 2
4,500 Class x 3
1,700 Class x 4
1,500 Class x 2
1,000 Class x 2
Total 25

12. “Maximize synergy with container business”
Terminal Operation Business
SM Line
“Maximize synergy with container business”
Gyeong-In Terminal
Gwangyang Terminal
Busan
Seoul
• Invested terminal asset in Korea
• Revenue of Both Terminal in 1st Half of 2017 is $11.3m
• SM Line will continue to purchase terminal assets to make synergy with container business

13. CONTENTS 1. SM Group 2. SM Line 3. Service Advantage of SM Line
▶ History
▶ Chairman message
2. SM Line
▶Timeline
▶Strength
▶Vessel Fleet
▶Terminal Operation Business
3. Service Advantage of SM Line
▶ Overall
▶ Transpacific Trade
▶ Intra Asia Trade

14. Worldwide Overseas Offices 1 H/O in Seoul 29 Branch/Agencies worldwide
[THAILAND]
Bangkok
[PHILIPPINES]
Manila
[JAPAN]
Tokyo, Osaka
[MALAYSIA]
Port Klang
[KOREA]
Seoul, Busan
[CHINA]
Shanghai
Qingdao
Tianjin
Dalian
Ningbo
Shenzhen
Hong Kong
Xiamen
Taiwan
[US]
Phoenix
Long Beach
Chicago
New York
[PAKISTAN]
Karachi
[INDIA]
Mumbai
Chennai
[BANGLADESH]
Dhaka
[Burma]
Yangon
[VIETNAM]
Ho Chi Minh
[SRI LANKA]
Colombo
기존 파일에 한국이 빠져있습니다.
[INDONESIA]
Jakarta
[SINGAPORE]
1 H/O in Seoul
29 Branch/Agencies worldwide

15. Transpacific Trade - CPX
2017 Service Map
“Market Best Transit Time from
Shanghai, Busan and Gwangyang to Long Beach (Pier A)”
Region
Ports (POL/POD)
ETA/D
E/B (To LGB)
W/B (From LGB)
Direct
Busan
TH/FR
9 Best
15 Best +2
Gwangyang
WE/TH
10 Best
16 Best
Shanghai
MO/TU
12 Best 19
Ningbo
SU/SU 14 18
North China
Qingdao
FR/SA
13 Best 26
Xingang
SU/MO
15 Best 24
Dalian 27
South China
Yantian
SA/SA 40
Xiamen 25
Hongkong 21
Vietnam
Ho Chi Minh
17 Best +1 29
Haiphong 22 23
Thailand
Laem Chabang
20 Best +1 34
Bangkok
21 Best 32
Malaysia
Port Klang
20 Best 35
Japan
Kobe
14 Best
Osaka
Yokohama 15
Tokyo
FR/FR 16
Indonesia
Jakart 36
Surabaya 39
Long Beach
Shanghai(12)
Ningbo(14)
Busan(9)
Gwangyang(10)
Xingang(15)
Qingdao(13)
Jakarta(23)
Surabaya(21)
Port Klang(21)
Laem Chabang(20)
Bangkok(21)
Ho Chi Minh(17)
Haiphong(22)
Yantian(15)
Hongkong(15)
Xiamen(19)
Osaka, Kobe(14)
Tokyo
Yokohama(16)
Dalian(13)
Direct Calling Port
T/S Connection Port
Trunk CPX Lane
Off-Line Lane
(#) Transit time to Long Beach

16. 4. Intermodal Rail Connection
Transpacific Trade – Cargo Operation
2017 Service Map
1. Import Cargo
Availability Summary
Within 24 hours
Average 70~80%
Within 48 hours
Average 100%
2.Truck Turn Time
Above Average compare to other LA/LGB Terminals
Pier A
Average 65 ~75 Minutes
LA/LGB Terminals Average 85~90 Minutes
Busan 12 Days
Shanghai 14 Days
Ningbo 16 Days
*Criteria :  Origin Departure
 to final destination out-gate basis
Ocean Supply Chain Total Transit Time Summary
3. Import Cargo Local
Delivery
Within 4 days
4. Intermodal Rail Connection
On Time Connection Above Average
1st Train within 2 Days 2nd Train within 3 Days after discharge
T/T to Chicago : 4 Days

17. “SM Line is expending its service coverage step by step”
Transpacific Trade – Intermodal
2017 Service Map
“SM Line is expending its service coverage step by step”
Chicago, IL
JIT Global IV
Chicago
Kansas City, MO
Neff Yard
Rail Carrier : UP
Address : 3000 Centerpoint
Way Joliet, IL 60436
Firms : I206
Transit Time from LGB : 4 Days
Kansas City
Rail Carrier : UP
Address : 4801 Gardner Avenue
Kansas City, MO 64120
Firms : J178
Transit Time from LGB : 4 Days
Dallas
Rail Carrier : UP
Address : 3701 South Interstate
45 Wilmer, TX 75172
Firms : V963
Transit Time from LGB : 5 Days
CY Only
Dallas, TX
Dallas Intermodal
Terminal(DIT)

18. Intra Asia Trade (Service Summary) Service Map
1. KJX(Korea Japan Express)
2. KCX(Korea China Express)
Route: KAN- BUS – TYO – YOK – OSA– UKB – KAN
Sole Service with 1,000teu x 1
Route: BUS – XGG – TAO – BUS
Sole Service with 1,000teu x 1
North China
(DLC, XGG, TAO)
3. VTX(Vietnam/Thailand Express)
4. KHX(Korea Haiphong Express)
Route: KAN – BUS – SHA – SGN – BKK – LCH – SGN – YIT – BUS
Sole Service with 1,300teu x 3
Route : INC – KAN – BUS – HKG – HPH – XMN - INC
Sole Service with 1,000teu x 2
5. WIN(West India Service)
6. EIN(East India Service)
Route: SHA – NBO – SHU – SIN – PKG –NAH
– PAV – CMB – PKG – SIN – VUN – HKG – SHA
Route: BUS – TAO – SHA – SHU – SIN –PKG
– MAA – PKG – SIN – MNL – BUS
8. VIX(Vietnam Indonesia Express)
7. NMS(North East Asia Malaysia Service )
Route: BUS – SHA – NBO – SHU – SIN –PKG – HKG – BUS
Route: KAN – TAO – PUS – SHA – SGN –JKT – SUB – YIT - KAN
9. CMX(China Middle East Express )
Route: XGG – TAO - SHA – NBO – SHU – PKG – CMB – KHI
– JEA –CMB – PKG – SIN- XGG

19. Intra Asia Trade KJX(Korea Japan Express) Service Map
⊙ Service Highlights
- Deploy 1,000TEU X 1 under SM Line sole operation
- Provide connection between Japan and USWC
- Provide Stable service under experienced know-how
- Flexible Service Offerings with Port/Route Changes on Customer Need
- Provide special EQ for special business (Ultra freezer, RF DG)
Transit Time
Terminal Info.
Kwangyang
SMGT
Busan
BPT
Tokyo
Aomi
Yokohama
Daikoku
Osaka
NANKO
Kobe
Rokko
** Reference only, subject to change
E Bound
Tokyo
Yokohama
Osaka
Kobe
Kwangyang 3 4 5
Busan 2
W Bound
Kwangyang
Busan
Tokyo 5 4
Yokohama 3
Osaka 2
Kobe

20. Intra Asia Trade KCX(Korea China Express) Service Map
⊙ Service Highlights
- Deploy 1,000TEU X 1 under SM Line sole operation
- Provide connection between Northern China port and USWC
- Provide Stable service under experienced know-how
Transit Time
Terminal Info.
W Bound
Xingang
Qingdao
Busan 2 4
E Bound
Busan
Xingang 4
Qindao 2
Busan
PNC
Xingang
CSX
Qingdao QQ
** Reference only, subject to change

21. Intra Asia Trade VTX(Vietnam/Thailand Express) Service Map
⊙ Service Highlights
- Deploy 1,300TEU X 3 under sole operation of SM Line
- Provide connection between South China port and USWC
- Cover major ports in Vietnam/Thailand
- With double call in Hochiminh City, diversified service providing
- Market best T/time and SKD from SHA to Vietnam and Thailand
Terminal Info.
Transit Time
Kwangyang
SMGT
Busan
BPT
Shanghai
WGQ
Hochiminh
Cat Lai
Bangkok
Unithai
Laemchabang
DPW
** Reference only, subject to change
W Bound
Hochiminh
Bangkok
Leam Chabang
Kwangyang 8 11
Busan 7 10
Shanghai 5★ 8★
E Bound
Kwangyang
Busan
Shanghai
Bangkok 9 10 13
Laem chabang 8 12
Hochiminh 5 6
★ Market Best Transit Time

22. Intra Asia Trade KHX(Korea Haiphong Express) Service Map
⊙ Service Highlights
- Deploy 1,000 TEU x 2 under sole operation of SM Line
- Availability of T/S connection to/fr N. China using Bus as a stable T/S hub port
- Market best level T/T fr BUS to HPH with competitive weekend schedule
- Provide Stable service for special cargo under experienced know-how
- Complete service coverage with direct calls to all Korean base ports
Offerings of preferable port-pairs of HKG-HPH & XMN-INC to meet demands
Transit Time
Terminal Info.
W Bound
Haiphong
Inchon 8
Kwangyang 6
Busan
Hongkong 2
E Bound
Xiamen
Inchon
Kwang
yang
Busan
Hong
kong
Haiphong 2 5 6 7 11 3 4 9
Inchoen E1
Kwangyang
SMGT
Busan
BPT
Hongkong
TBN
Haiphong
Haian
Xiamen
XHCT
** Reference only, subject to change

23. Intra Asia Trade WIN(West India Service) Service Map
⊙ Service Highlights
- Wide coverage from Center/South China port to West India
- Provide competitive coverage from West India subcontinent to China
- Competitive Transit time from China to India (Second best)
- Provide stable service through skilled & well experienced service liners
Terminal Info.
Transit Time
Shanghai
WQG
Ningbo
NMICT
Shekou
SCT
Singapore
PSA
Port Kelang NP
Nhava Sheva
GTI
Pipavav
GPPL
Colombo
SAGT
** Reference only, subject to change
W Bound
Nhava Sheva
Pipavav
Colombo
Shanghai 16 18 22
Ningbo 15 17 21
Shekou 12 14
Singapore 8 10
Port Kelang 6
E Bound
Port Kelang
Vung Tau
Hong kong
Shang hai
Ningbo
Nhava Sheva 10 14 18 22 24
Pipavav 9 13 17 21 23
Colombo 4 8 12 16

24. Intra Asia Trade EIN(East India Service) Service Map
⊙ Service Highlights
- Wide coverage from Korea/Center/South China port to East India
- Provide competitive coverage from E/India subcontinent to China / Korea
- Attractive T/T linking the major ports in Far East/South Asia and Chennai
- Competitive, diverse and regular service to reflect growing Indian market
Terminal Info.
Pusan
BPT
Qingdao
QQCT
Shanghai
WGQ
Shekou
SIT
Singapore
PSA
Port Kelang WP
Chennai
CITPL
VISAKHAPATNAM
VCT
Manila
MICT
** Reference only, subject to change
Transit Time
E Bound
Pusan
Qingdao
Shanghai
Shekou
Chennai 15 17 19 23
VISAKHAPATNAM 14 16 18 22
Port Kelang 10 12
Singapore 9 11 13
Manila 4 6 8
W Bound
Singapore
Port Kelang
Chennai
VISAKHAPATNAM
Pusan 11 13 17 18
Qingdao 9 15 16
Shanghai 7 14
Shekou 4 6 10 1 5

25. Intra Asia Trade NMS(North East Asia Malaysia Service ) Service Map
⊙ Service Highlights
- Wide coverage from Korea/Center/South China port to East India
- Provide competitive coverage from E/India subcontinent to China / Korea
- Attractive T/T linking the major ports in Far East/South Asia and Chennai
- Competitive, diverse and regular service to reflect growing Indian market
Terminal Info.
Transit Time
Busan
PNC
Shanghai
WGQ1
Ningbo
NBCT
Shekou
CCT
Singapore
PSA
Port Kelang WP
Hongkong
HIT
** Reference only, subject to change
W Bound
Singapore
Port Kelang
Busan 11 12
Shanghai 8 9
Ningbo 6 7
Shekou 3 4
E Bound
Busan
Port Kelang 9
Hong Kong 3

26. Intra Asia Trade VIX(Vietnam Indonesia Express) Service Map
⊙ Service Highlights
Sole operation of SM Line with 1700Teu x 4
Exclusive SVC designed for Ho Chi Minh & Indonesia
Extensive loading ports coverage (Qingdao, Shanghai & Pusan)
Competitive T/time from Shanghai and Weekend SVC from Pusan
Providing preferable terminal, CAT-LAI at Ho Chi Minh
Terminal Info.
Transit Time
Gwangyang
SMGT
Busan
BPT
Shanghai
WGQ
Ho Chi Minh
Cat Lai
Jakarta T3
Surabaya
SAGT
Yantian
YICT
** Reference only, subject to change
W Bound
Ho Chi Minh
Jakarta
Surabaya
Gwangyang 13 17 19
Qingdao 10 16
Busan 8 11 14
Shanghai 7
E Bound
Yantian
Gwangyang
Qingdao
Busan
Shanghai
Ho Chi Minh 11 14 16 18 19
Jakarta 8 13 15
Surabaya 6 9

27. Intra Asia Trade CMX(China Middle East Express) Service Map
⊙ Service Highlights
Direct calling service covers Karachi, Jebel Ali from North China and Provide Faster Transit Time
Wide Service Coverage of Middle East , Indian Area , South East Asia via Colombo double calling.
- . Connect to Middle East from Indian Area
- . Provide South India service via Colombo (To be)
Transit Time
Terminal Info.
W Bound
Colombo
Karachi
Jebel Ali
Xingang 18 23 26
Qingdao 16 21 24
Shanghai 14 19 22
Ningbo 13
Shekou 10 15
Port Kelang 4 9 12
E Bound
Port Kelang
Singapore
Xingang
Karachi 14 15 24
Jebel Ali 11 12 21
Colombo 5 6
Xingang
TCT
Qingdao
QQCTN
Shanghai
WGQ5
Ningbo
BN SCT
Shekou
SCT
Port Kelang WP
Colombo
SAGT
Karachi
SAPT
Jebel Ali
JACT-1
Colombo
JCT
Singapore
PSA

28. Contact Window – Korea, Japan, China

29. Contact Window – South East Asia

30. Contact Window – South East Asia

31. Contact Window – U.S.A.
Contact Window

32. Thank You