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7/31/2019 LG H&H. IR Presentation 2012_3Q_eng
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7/31/2019 LG H&H. IR Presentation 2012_3Q_eng
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CONTENTS
Audit of these results is still in progress. Figures in this disclosure are subject to change during the auditing process.
3Q 2012 Sales and Operating Profit
3Q 2012 Sales and Operating Profit by Business
3Q 2012 Results by Business
- Healthy
- Beautiful
- Refreshing
Summary Financial Statements
Attachment: Establishment of CheonAn Complex
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Sales 926.8 1,052.2 13.5%
Operating Profit 112.1 131.1 16.9%
Recurring Profit 105.4 123.3 17.0%
Net Profit 77.1 90.5 17.4%
Increase(Unit: bn won) 3Q 2011 3Q 2012
1/6
08 09 1110
16.9%
12
112.1
131.1
55.6
69.4
98.413.5%
08 09 1110 12 07
38.6
0706 06
28.9276.7 302.0
523.2
600.7
759.3
926.8
1,052.2
3Q 2012 Sales and Operating Profit
Total company in 3Q 2012 delivered 1,052.2 bn won in sales (13.5% growth yoy), 131.1 bn won in operating profit(16.9% growth yoy), and 90.5 bn won in net profit (17.4% growth yoy). Sales, operating profit, and net profit reachedall-time high third quarter results, and sales exceeded one trillion won for the first time for a single quarter.
Accumulated sales as of 3Q YTD exceeded three trillion won as well. Sales has increased for twenty-nine consecutive
quarters since 3Q 2005, and operating profit has increased for thirty-one consecutive quarters since 1Q 2005.
3Q 2012 Results (K-IFRS) (Unit: bn won)
3Q Sales 3Q Operating Profit
7-Year Trend
2006-2007: K-GAAP Non-Consolidated, 2008: K-GAAP Consolidated, 2009~2012: K- IFRS
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926.8
1,052.2
112.1
131.1
32%
31%
37%35%
33%
32%
25%
32%
44%41%
34%
25%
+11.9%
+20.2%
+9.4%
16.9%
+19.5%
+25.9%
+9.0%
13.5%
3Q 2011 3Q 2012 3Q 2011 3Q 2012
% of Sales & Growth
by Business Units(Unit: bn won)
% of Operating Profit & Growth
by Business Units(Unit: bn won)
3Q 2012 Sales and Operating Profit by Business
Healthy
(Household
Goods)
Beautiful
(Cosmetics)
Refreshing
(Beverage)
Healthy
(Household
Goods)
Beautiful
(Cosmetics)
Refreshing
(Beverage)
Both sales and operating profit for all business units Healthy, Beautiful, and Refreshing have maintained theirupward trend in 3Q 2012. In particular, as domestic and international cosmetics business delivered high growthcontinuously from second quarter, cosmetics business sales and operating profit contribution increased, and led totalcompanys operating profit margin expansion. On a yoy basis, sales increased 9.4% in Healthy, 20.2% in Beautiful,
and 11.9% in Refreshing. Operating profit increased 9.0% in Healthy, 25.9% in Beautiful, and 19.5% in Refreshing.
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HEALTH
07 08
28.4
09
30.3
10
39.4
11
53.7
12
44.6
49.3
9.0%
07 08 09 10 11 12
210.2
9.4%232.6
267.2
300.8
339.8
371.8
3Q 2012 Results by Business - Healthy
2007~2009: K-GAAP Non-Consolidated, 2010~2012: K-IFRS
Operating Profit
Sales
(Unit: bn won)
(Unit: bn won)
Despite negative consumption sentiment and input cost increase
from governments strong pressure not to raise prices,
salesincreased 9.4% yoy to 371.8 bn won and operating profit
increased 9.0% yoy to 53.7 bn won.Main categories, including skin care, dishwashing liquid, and
laundry detergent, all showed continued strong sales growth of
more than 10% each. Chu-suk (Korean Thanksgiving) gift-set
sales increased with new differentiated design and function
focused product assortment.
Design and convenience focused new product launches
continued this quarter, such as: (1) Tech OK Melting Sheet
Laundry Detergent, sheet-type laundry detergent that dissolves
in water, (2) Tech 4x Concentrate Laundry Detergent Mix, smallsingle-usage packaged convenient laundry detergent, and (3)
Elastine Dry Shampoo, an instant hair shampoo that cleans hair
and scalp without water.
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BEAUTIFU
07 08
10.2
09
16.3
10
20.7
11
44.5
12
28.7
35.4
07 08 09 10 11 12
95.4
25.9%
20.2%
123.8
146.5
257.4
285.1
342.7
4/6
3Q 2012 Results by Business - Beautiful
Operating Profit
Sales
(Unit: bn won)
(Unit: bn won)
2007~2009: K-GAAP Non-Consolidated, 2010~2012: K-IFRS(Unit: bn won)
Prestige
3Q 11 3Q 12
102.3122.7
20%
Masstige
3Q 11 3Q 12
104.3111.5
7%
Mass
3Q 11 3Q 12
78.5
108.5
38%
OHUI, Whoo, SU:M, Belif,
Frostine, Chungyunjin, Stefany
IsaKnox, LacVert, Sooryehan,
Vonin, Beyond
THEFACESHOP, VDI
Sales increased 20.2% yoy to 342.7 bn won.
Operating profitincreased 25.9% yoy to 44.5 bn won.
In the prestige segment, main focused brand, Su:m, delivered 34%
yoy growth, and Belif delivered over 200% sales growth. The worlds
first refrigerated cosmetics, Frostines (launched this May), is
continuously expanding with positive response from consumers.
Masstige segment delivered 7% yoy growth due to strong growth in
major brands, such as Beyond and IsaKnox. In particular,
environmentally friendly body care brand, Beyond opened two road
shops on top of 216 shop-in-shop stores in discount stores.
In the mass segment, TheFaceShop(TFS) sales increased 27.8% yoy
reaching 100.3 bn won. Overseas sales increased 74% to 21.0 bn won.
Also, recently launched a new color brand shop VDL for both domestic
and overseas markets, utilizing TFS brand shop managing know-how.
Overseas business, on top of strong growth of Ginza Stefany and TFS
is continuously increasing its sales portion from 10%(3Q11) to
16%(3Q12). TFS has total of 2,391 stores - 1,012 stand alone stores in
Korea and 1,379 points of sale (544 stand alone stores and 835 points
of sale). TFS plans to expand to India with Sephora this November 1st.
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08 09 10 11
30.3
12
27.2
11.4%
08 09 10 11
265.1
12
234.3
13.1%
7.5%
72.7
11 12
67.6
11 12
2.5
0.3
07
07
25.1
19.2
11.8
4.9
201.1
170.8151.3
120.2
REFRESHI
Operating Profit
Sales
2007~2009: K-GAAP Non-Consolidated, 2010~2012: K-IFRS
(Unit: bn won)
(Unit: bn won)
Coca-Cola Bev.and others
Haitai Bev.
Coca-Cola Bev.and others
Haitai Bev.
Sales increased 11.9% yoy to 337.8 bn won with continuous growthof both Coca-Cola Beverage and Haitai Beverage.Operating profit increased 19.5% yoy to 32.8 bn won, reaching9.7% operating profit margin with 0.6%p yoy expansion.
Coca-Cola Beverage sales increased 13.1% yoy to 265.1 bn won,and operating profit increased 11.4% yoy to 30.3 bn won
Carbonated beverage sales grew 14% yoy. Cola-Cola brand salesgrew as regular products showed steady growth and differentiatedpackages including Jean Paul Gaultier special package wereintroduced. New product launch continued, including Schweppesand Fanta Smoothie. Non-carbonated beverage sales grew 12%yoy as: (1) Georgia coffee grew with strengthened product portfolio(2) newly introduced Minute Maid Mini Glass Bottle showed stronggrowth, and (3) water category grew.
Haitai Beverage sales increased 7.5% yoy to 72.7 bn won andoperating profit further expanded to 2.5 bn won from successfulmain brand renewals and Sunkist Mini Glass Bottle juice strongperformance.
3Q 2012 Results by Business - Refreshing
ExpandProfit
Sunkist Minute Maid
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Summary Financial Statements (K-IFRS)
Income Statement Balance Sheets
(Unit: bn won) 3Q 2011 3Q 2012 3Q YTD 2011 3Q YTD 2012
Sales 927 1,052 2,622 3,002
COGS 482 526 1,328 1,471
Gross Profit 445 526 1,294 1,531
SG&A and Others 333 395 971 1,155
Operating Profit 112 131 323 376
Non-Operating Loss 7 8 21 22
Recurring Profit 105 123 302 354
Income Tax 28 33 79 95
Net Profit 77 90 224 258
(Unit: bn won) 2011 Year-end
Assets 2,369 2,875
Cash & Cash Equivalent 92 119
Accounts Receivable 327 519
Inventories 306 309
PPE 1,602 1,879
Tangible Asset 855 951
Intangible Asset 664 817
Liabilities 1,308 1,627
Accounts Payable 231 236
Other Payables 151 198
Borrowings 565 729
Short Term Borrowings 183 461
Long Term Borrowings 382 268
Total Shareholders' Equity 1,061 1,248
Shareholders' Equity 89 89
Capital Surplus 97 97
Accumulated Other
Comprehensive Income0 -5
Retained Earnings 884 1,071
Other Capital -72 -73
Minority Interest 63 69
Sep. 2012
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Attachment: Establishment of CheonAn Complex
LG H&H is ready to activate the long-term master plan for future growth and cosmetics globalization.To reinforce the long-term strategy, LG H&H has executed an agreement to acquire 100% of Future Corp.and its 150,000 pyeong land for 49.3 bn won.
- Newly acquired land is at CheonAn, which has high accessibility from Seoul via KTX (11km fromCheonAnAsan KTX station), metropolitan subway line (9km from CheonAn subway station), and CheonAnNonsan expressway (4.5km from South Cheonan IC). The land is also located next to Haitai BeveragesCheonAn factory.
With this acquisition, 280,000 pyeong (229 acre) base for future growth will be established at CheonAn,including Haitais land.