Oci Holdings Company Ltd. · KRX:010060
Oci — Q3 2025 Earnings Presentation
26 slides from Oci's earnings presentation, Nov 11, 2025
Slide 1: Financial Results for Q3 2025
INVESTOR RELATIONS Financial Results for Q3 2025 2025. 11. 11
Slide 2: Disclaimer
The following earnings release and the financial, business and other information DISCLAIMER contained herein are current only of the date hereof and readers are cautioned that changes in general macroeconomic, business, financial and other conditions may have occurred since such date and our financi
Slide 3: Table of Contents
TABLE OF CONTENTS I. Financials 1. Quarterly Review 2. Financials by Subsidiaries II. Business Highlights 1. Management Updates III. Appendix
Slide 4: Financials
01 Financials 1. Quarterly Review 2. Financials by Subsidiaries
Slide 5: Quarterly Review: Q3'25 Consolidated Income Statement
01. Quarterly Review_Q3’25 Consolidated Income Statement • Q3’25 Sales KRW 845 billion, Operating Loss 53 billion - Sales recovery and reduced losses, supported by higher poly-si sales volumes at OCI TerraSus and OCI Energy’s project sales Condensed Statement of Income (Unit: KRW bil.) Performance b
Slide 6: Quarterly Review: Q3'25 Consolidated Balance Sheet
01. Quarterly Review_Q3’25 Consolidated Balance Sheet • As of Q3’25 Assets 7,793 billion, Liabilities 3,208 billion, Equity 4,584 billion - Working capital improvements in OCI TRS due to sales recovery - Of the total debt of KRW 1.9 trillion, about KRW 830 billion is related to the urban development
Slide 7: Financials: OCI TerraSus
02. Financials_OCI TerraSus Sales (Unit: KRW bil.) 200 Q3’25 Highlights • Sales volume and revenue rose significantly QoQ, 150 +241.5% driven by stronger demand from U.S.-bound customers amid tighter UFLPA1) enforcement 100 • However, losses persisted due to fixed-cost burdens and ramp-up expenses f
Slide 8: Financials: OCI Enterprises
02. Financials_OCI Enterprises Sales (Unit: KRW bil.) 80 Q3’25 Highlights +37.6% • MSE, commenced C&I1) module supply, amid a modest 60 market-wide price increase • OCI Energy, sale of two solar projects (220 MW) 40 completed and recognized 68 61 55 20 44 32 - Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Operating
Slide 9: Financials: OCI SE
02. Financials_OCI SE Sales (Unit: KRW bil.) 120 Q3’25 Highlights -10.3% • Due to boiler shutdown and unplanned maintenance, 90 electricity and steam output declined, while the decline in SMP1) led to lower revenue and operating profit 60 98 88 81 79 72 30 - Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Operating I
Slide 10: Financials: DCRE
02. Financials_DCRE Sales (Unit: KRW bil.) 200 Q3’25 Highlights • Construction progress on Phases 6 and 7 accelerated 150 following successful pre-sales; supporting stronger +19.1% revenue and profitability 100 151 148 124 50 105 88 - Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Operating Income (Unit: KRW bil.) 1
Slide 11: Financials: OCI
02. Financials_OCI Sales (Unit: KRW bil.) 800 Q3’25 Highlights • Weak market conditions continued to pressure demand, 600 -9.6% leading to lower sales • Additionally, one-off expenses resulted in an expanded 400 operating loss for the quarter 589 539 520 527 476 200 - Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 O
Slide 12: Business Highlights
02 Business Highlights 1. Management Updates
Slide 13: Management Updates: OCI TerraSus' Solar Wafer Investment
01. Management Updates_OCI TerraSus’ Solar Wafer Investment • Following the finalization of the OBBB Act1) in July–August, Non-FEOC2) supply chain concerns came to the forefront, increasing the importance of securing non-China wafers • Entry into the wafer business through equity acquisition in a Vi
Slide 14: Management Updates: OCI Energy Business Opportunity
01. Management Updates_OCI Energy Business Opportunity • OCI Energy maintaining a robust solar and ESS project pipeline across major U.S. power markets • Amid rapid growth in AI and data demand, expanding into power-infrastructure-based data centers leveraging idle land & project expertise Global Da
Slide 15: Management Updates: Mid-to-Long Term Growth
01. Management Updates_Mid-to-Long Term Growth • Continuous portfolio evolution and disciplined investments across core chemicals to new growth sectors, aligned with changing industry trends • Sharpened focus on high-growth, high-margin opportunities- AI infrastructure • Targeting over 30% contribut
Slide 16: Appendix
03 Appendix Holdings
Slide 17: U.S. Solar-related policy watchlist
Appendix. U.S. Solar-related policy watchlist • Tightening U.S. trade regulations continue to pressure China-based solar products, driving a demand shift toward non-China suppliers Policy Details and Updates Impacts and Expectations U.S. may impose tariffs or import restrictions on products deemed t
Slide 18: U.S. Solar-related policy: OBBB Act
Appendix. U.S. Solar-related policy US Solar Policy Key Highlights: OBBB Act Major Amendments under OBBB Act Policy Product Country Details IRA OBBB Subject (2025) Poly-Si (2022) UFLPA China Import ban ~ Module AMPC(45X) Termination 2033 No Change China and Section 232 Poly-Si Under investigation Ot
Slide 19: Solar Value Chain Price Trends
Appendix. Solar Value Chain Price Trends • China polysilicon prices continued to rise in Q3’25, supported price stabilization efforts and expectations of government-led industry restructuring • U.S. module prices under DDP1) terms remain at a premium amid ongoing AD/CVD tariff uncertainties and supp
Slide 20: Solar Wafer Manufacturing Process
Appendix. Solar Wafer Manufacturing Process • Economies of scale and technology efficiency as core competitiveness • Next-generation large-size monocrystalline wafer trend (M10 / G12) • Enhanced cost structure and LCOE improvement through higher wafer efficiency Purification > Crystal Growth > Machi
Slide 21: OCI Holdings' Governance Structure
Appendix. OCI Holdings’ Governance Structure KOSPI OCIH 010060 OCI 456040 Bukwang 003000 Advanced Materials Renewable Energy Energy Solutions Urban Development Life Science / Green Chemicals OCI Specialty OCI SE OCI DCRE Bukwang3) OCI TerraSus OCI E OCI China OCI Energy OCI Japan Shareholders1) MSE
Slide 22: OCI Holdings' Business Performance
Appendix. OCI Holdings’ Business Performance Sales Revenue (Unit: KRW bil.) Shareholder Returns (Unit: KRW bil.) Renewable Energy Energy Solution Advanced Materials OCI Urban Development Others Cash Dividend Buyback % Dividend Yield 3.6% 4,671 3.0% 479 38 3,577 3,244 22.5 70.0 360 2.9% 1,741 2,650 5
Slide 23: Q3'25 Financial Statements (Non-consolidated)
Appendix. Q3’25 Financial Statements (Non-consolidated) (단위: 십억원) Condensed Statement of Income (Unit: KRW bil.) Condensed Statement of Financial Position(Unit: KRW bil.) Sales Total Assets 2,417.2 3.8 Current Assets 392.2 Cost of Goods Sold (COGS) 1.3 Cash & ST Financial Assets 345.6 Selling, Gener
Slide 24: Q3'25 Financial Statements (Consolidated)
Appendix. Q3’25 Financial Statements (Consolidated) (단위: 십억원) Condensed Statement of Income (Unit: KRW bil.) Condensed Statement of Financial Position(Unit: (단위KRW: 억원bil.) ) Sales Total Assets 7,792.8 845.1 Current Assets 4,118.9 Cost of Goods Sold (COGS) 795.1 Cash & ST Financial Assets 1,390.7 Se
Slide 25: Quarterly Financials by Subsidiaries
Appendix. Quarterly Financials by Subsidiaries (단위: 십억원) 2024 FY 2025 YTD 1Q ‘24 2Q ‘24 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 Revenue 3,577.3 2,569.5 864.8 949.9 908.8 853.9 948.1 776.2 845.1 OCI TerraSus 497.1 282.5 161.2 176.2 65.2 94.5 112.5 38.5 131.5 OCI Enterprises 176.0 173.1 53.2 35.7 54.8 32.3
Slide 26: Thank You
Thank You IR Contacts [email protected] OCI Building, 94 Sogong-ro, Jung-gu, Seoul, Republic of Korea 26