Ls Electric Co., Ltd. · KRX:010120
Ls Electric — Q4 2020 Earnings Presentation
27 slides from Ls Electric's earnings presentation, January 2021
Slide 1: 4Q 2020 Review & Outlook
4Q 2020 Review & Outlook
Slide 2: Disclaimer
Disclaimer This presentation material is prepared for investors’ reference, based on data that have not been filed with the financial supervisory commission. Actual business performance may not necessarily be consistent with the projections herein, as a result of unexpected changes in the market env
Slide 3: Ⅰ. Results & Outlook
Ⅰ. Results & Outlook
Slide 4: 4Q 2020 Total Results
4Q 2020 Total Results Sales 610bwn (YoY 89bwn decreased), Operating Profit 33bwn (YoY 11bwn decreased) Sales and Operating profit decrease by Electric Infra Segment Income Statement Sales Breakdown by Business (unit : bwn) (unit : bwn) 141 Subsidiaries Segment 4Q 2019 3Q 2020 4Q 2020 YoY QoQ 158 139
Slide 5: 3Q 2020 Financial Position
3Q 2020 Financial Position Total assets 2,540bwn (YoY 2bwn increased) Total Liabilities/Equity Ratios 80%, Debts/Total Assets Ratios 23% (stable financial structure) Financial Statement Financial Ratios (unit : bwn) (unit : %) Total Liabilities/Equity Debts/Total Assets Segment 4Q 2019 3Q 2020 4Q 20
Slide 6: Business Results & Outlook
Business Results & Outlook Electric Equipment – Sales decreased in Overseas mkt (South East Asia) Electric Infra – Sales decreased due to Domestic and Oversea mkt (Major Company) Electric Equipment (unit : bwn) 161 Sales decreased YoY 4%, OP decreased YoY 26% Sales 155 154 152 152 - Sales decrease
Slide 7: Business Results & Outlook
Business Results & Outlook Automation – Sales increased in Domestic mkt (Machinery mkt ) Renewable - Sales decreased in Smart-Grid(ESS)/Solar, Sales increased in Railway System Automation (unit : bwn) Sales increased YoY 1%, OP increased YoY 21% Sales 67 70 71 71 - Sales increase in Domestic mkt (
Slide 8: Business Results & Outlook
Business Results & Outlook LS Mecapoin – Sales/Profit increased Sales/Profit increased in China Business Subsidiaries (unit : bwn) 156 149 135 139 145 Sales Sales increased YoY 12%, OP increased YoY 302% - LS Metals sales increased 10 8 - Sales recovered in China business OP 3 7 1 3Q 2017 3Q 2018
Slide 9: Ⅱ. Company & Business Introduction
Ⅱ. Company & Business Introduction
Slide 10: Company Introduction: LS Group
Company Introduction 1) LS Group Growing into a World’s Best from the Nation’s First! Leading company in the industrial electric, electronics, materials and energy field following its separation from LG in 2003 LS History 6
Slide 11: Company Introduction: LS ELECTRIC
Company Introduction 2) LS ELECTRIC Leader in Power Solutions, Automation & Green Business The Leading Company in the Power Distribution & Automation Industry The first to build a Smart Grid, Green Village and Green Factory Founded 1974 Sales 2,403billion(KRW) Employees 3,256 Headquarters LS Tower,
Slide 12: Company Introduction: History (1970s–2007)
Company Introduction 3) History 1. A History of Challenging the Future (1970’s ~ 2007) 2007 Feb. Opened Marketing Subsidiary in Dubai 1970’s ’74 Jul. Established Goldstar Instrument & Electrical Co., Ltd 2005 Mar. Renamed from LG to LS Industrial Systems Sep. Constructed the Electric & Automation eq
Slide 13: Company Introduction: History (2007–2012)
Company Introduction 3) History 2. Shifting the strategy to growth paradigm (2007 ~ 2012) 2012 May. completed a EV Relay factory in Cheongju, Korea 2008 Apr. Relocated its headquarters to Anyang LS Tower Jun. Awarded the Best Korean Company Grand Award Dec. Selected as one of the Top 100 Global Inno
Slide 14: Company Introduction: History (2013–2015)
Company Introduction 3) History 3. Challenging for the future of Smart Energy (2013 ~ 2015) 2015 Jan. Declared value-based management Mar. Newly constructed R&D campus in Anyang 2013 Apr. Awarded the Great Place to Work Award for 2 consecutive years May. MOU with China’s Dongfang Group for developin
Slide 15: Company Introduction: History (2016 onward)
Company Introduction 3) History 3. Challenging for the future of Smart Energy (2016~ ) Mar. Anyang R&D Campus acquired BEMS certification 2016 for the first time in Korea. Sep. Selected as the best business in automobiles in terms of KS-QEI for four years in a row. Sep. Anyang R&D Campus certified a
Slide 16: Company Introduction: Subsidiary
Company Introduction 4)Subsidiary Strengthening the Business Portfolio through M&As LS Mecapion LS Sauter October 2009 February 2010 Servo Motors, Drives, BAS, GBS, BEMS, Sensors, Industrial Robots LS Metal April 2010 Copper Piping & Stainless Steel 12
Slide 17: Company Introduction: Plants
Company Introduction 5)Plants We manufacture high-quality products in nine plants around the world • Domestic: 5 Plants (Cheongju 1 & 2, Cheonan, Busan, Busan HVDC) • Overseas: 3 Plants (China: Dalian, Wuxi / Vietnam: Hanoi) Plant Wuxi Dalian PLC, Inverters, High/Low Voltage Automation Equipment, Po
Slide 18: Business Introduction
Business Introduction Leading Provider of Total Electric Power, Automation & Green Business Solutions Electric Infra Business Ultra-high voltage power transmission Primary & distribution system equipment such as Transmission gas insulated switchgear (GIS) Power Plant Primary Substation < Main Produc
Slide 19: Business Introduction
Business Introduction Automation Business From simple automation control to large-scale manufacturing facilities Factory / Building and process control, LSIS provides the (FA/PA) Discrete Automation optimal solutions to diverse industrial fields. < Main Products > - Variable Frequency Drive - PLC (P
Slide 20: HVDC
HVDC HVDC system converts AC to DC to transmit long distance and then converts back again to Connect with the AC grid with very low loss 16
Slide 21: ESS Applications
ESS Applications ESS(Energy Storage System) includes PCS(Power Conversion System) and battery, and make an efficient way of use electricity power Concept of ESS EMSs a Network— ) Function of ESS > Peak Shaving, Load Leveling > Renewable Energy Smothing > Frequency Regulation Load Leveling Peak Snavi
Slide 22: PV Power Plant
PV Power Plant We provide total solution for PV Power Plant. In addition to PV products, we can provide customers with all kinds of electric power equipment manufactured by LS ELECTRIC. System Components PV Power System - Module - Inverter - Balance of System - HV Switchgear - MV Switchgear Substati
Slide 23: Ⅲ. Appendix
Ⅲ. Appendix
Slide 24: Appendix 1. Condensed Statement
Appendix 1. Condensed Statement Income statement Statement of Financial position (unit : bwn, %) (unit : bwn, %) Segment 4Q 2019 3Q 2020 4Q 2020 YoY QoQ Segment 4Q 2019 3Q 2020 4Q 2020 QoQ YoY Sales 699 559 610 △12.7% 9.2% Total Assets 2,538 2,549 2,540 0% △0% Cost of Sales △576 △459 △503 △12.6% 9.6
Slide 25: Appendix 2. Results for the past years
Appendix 2. Results for the past 4 years HQ (unit : bwn) 17 18 19 20 Y-o-Y Segment 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total (4Q) Domestic 115 111 109 100 435 111 107 106 95 419 109 103 105 102 418 108 107 103 103 421 2% Electric Sales Overseas 59 61 56 55 230 52 56 50
Slide 26: Appendix 2. Results for the past years
Appendix 2. Results for the past 4 years Subsidiaries (unit : bwn) 17 18 19 20 Y-o-Y Segment 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total (4Q) Domestic 34 37 41 43 156 39 41 33 40 153 43 43 42 45 174 37 40 44 40 161 △11% LS Sales Overseas 49 39 37 43 167 48 38 38 46 169 31
Slide 27: Appendix 3. Sales details for Convergence & Subsidiaries
Appendix 3. Sales details for Convergence & Subsidiaries Convergence (unit : bwn) 139 117 113 23 102 9 9 7 9 91 14 Railway System 6 72 20 68 27 47 Green Car 10 65 57 14 8 12 44 12 48 4 Photovoltaic 12 40 39 38 10 4 29 13 13 Smartgrid 10 12 13 19 10 72 66 6 9 10 6 11 9 60 13 4 13 47 40 36 7 37 34 24