Slides
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1H. 2025 '25.08.14
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Contents 01
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1H Results
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9,833 9,318 7,334 5,858 17,167 15,176 '24.1H '25.1H Domestic Overseas 398 431 '24.1H '25.1H Operating Profit 10,490 14,529 6,174 2,205 16,664 16,734 '24.1H '25.1H Domestic Overseas Business Highlight Order Intake Driven by Competitive Advantage Products 50% of Yearly Target Improved YoY performance 2.3% New Order Revenue Operating Profit 2.8% 4
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9,075 13,509 7,367 3,098 222 128 16,664 16,734 - 3,000 6,000 9,000 12,000 15,000 18,000 '24.1H '25.1H HDEC HEC Others Core Competency Focus Focus on Competitive Edge Products & Core Capability Enhancement Consolidated Key Orders Urban Redevelopment Busan Beomcheon District 4 KRW 0.6T ′25.06 Energy Transition Leader Value Chain Integration & Business Model Expansion Romania Nuclear Upgrade KRW 0.1T ′25.04Nuclear Growth in “H-Road” Strategy-Driven Orders Group Synergy US LG Battery Plant V/O KRW 0.6T ′25.01Captive TIMBUKTU Data Center KRW 0.7T ′25.04Data Center Mia District 9-2 KRW 0.3T ′25.06 +0.4% Saudi Transmission Line KRW 0.5T ′25.01Transmission 5 Seoul Gaepo Jugong complex 6 & 7 KRW 1.5T ′25.05 New Order 1H25 New Order : (Consolidated) KRW 16.7 trillion [53.7% of yearly target]
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Backlog 1H25 Backlog : (Consolidated) KRW 94.8 trillion [3.1 years of backlog secured] Consolidated Key Backlog Domestic 77% Housing KRW 73.2T Overseas 23% KRW 21.6T (Backlog Ratio) (3.9 years) (4.8 years) (1.9 years) -1.2% KRW 47.5T 6 50% Construction Rights Secured (5.1년치) Construction Rights Secured(Excluded from backlog) Housing Construction Rights Secured Total KRW 70.6T23%KRW 23.1T Housing Backlog Key Sites Guri Sutaekdong(KRW 1.9T) Sinbanpo 2(KRW 1.3T) Yeouido Hanyang(KRW 0.7T) Garak Samyuk(KRW 0.6T)
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8,489 8,045 8,158 6,779 519 352 17,166 15,176 '24.1H '25.1H HDEC HEC Others Revenue 1H25 Revenue : (Consolidated) KRW 15.2 trillion [49.9% of yearly target] Due to the base effect in '24Y, decreased by 11.6% YoY. Domestic Shahin Project KRW 1.2T Consolidated Hillstate The Unjeong KRW 0.4T HDEC THE H Claest KRW 0.3T HDEC THE H Bangbae KRW 0.3T HDEC Overseas Saudi Amiral PKG4 KRW 0.5T HDEC Iraq Basra refinery KRW 0.2T HDEC Panama Metro Line 3 KRW 0.3T HDEC Key Projects US LG Battery Plant KRW 0.5T HEC -11.6% Consolidated Key Revenue Key Projects 7
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243 186 139 214 16 30 398 431 '24.1H '25.1H HDEC HEC Others Profitability 1H25 Operating Profit : (Consolidated) KRW 431 billion [OPM 2.8%] -1.4%p Gross Profit Margin Operating Profit Gradual improvement in profitability (2.3%) (2.8%) ※ HDEC : including SLC(Songdo Landmark City) - SPC established and fully owned by HDEC for housing projects in Songdo, Incheon. 8
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Financial Status -3.1% Financial Status Liquidity -34.4% Temporary Decline Due to the Nature of the Construction Industry (Housing payment schedule, pending overseas milestones) '24.FY D/E Ratio Current Ratio Equity Ratio 179.3% 167.9% 143.9% 145.3% 35.8% 37.3% -11.4%p +1.4%p +1.5%p '25.1H 9 Change 1H25 Total Asset : (Consolidated) KRW 26.1 trillion [Improved D/E Ratio]
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Appendix Financial Statement
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Financial Statement Income Statement(Cumulative) (Unit : KRW bn.) 2025.1H 2024.1HYoY Revenue 15,176.3 -11.6% 17,166.5 Gross Profit 982.0 12.2% 875.5 (Margin) 6.5% +1.4%p 5.1% SG&A Expenses 551.3 15.5% 477.3 Operating Profit 430.7 8.2% 398.2 (Margin) 2.8% +0.5%p 2.3% Earnings before Tax 405.4 -26.4% 550.6 (Margin) 2.7% -0.5%p 3.2% Net Profit 325.3 -8.2% 354.5 (Margin) 2.1% +0.0%p 2.1% Net Profit to Owners of the Parent Company 214.9 -29.7% 305.9 (Margin) 1.4% -0.4%p 1.8% 11
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Financial Statement Income Statement(Quarter) (Unit : KRW bn.) 2025.2Q 2024.2Q 2025.1QYoY QoQ Revenue 7,720.7 -10.4% +3.6% 8,621.2 7,455.6 Gross Profit 468.5 +36.9% -8.8% 342.2 513.5 (Margin) 6.1% +2.1%p -0.8%p 4.0% 6.9% SG&A Expenses 251.5 +29.0% -16.1% 194.9 299.8 Operating Profit 217.0 +47.3% +1.5% 147.3 213.7 (Margin) 2.8% +1.1%p -0.1%p 1.7% 2.9% Earnings before Tax 200.1 -19.2% -2.5% 247.8 205.3 (Margin) 2.6% -0.3%p -0.2%p 2.9% 2.8% Net Profit 158.6 +8.5% -4.9% 146.1 166.7 (Margin) 2.1% +0.4%p -0.1%p 1.7% 2.2% Net Profit to Owners of the Parent Company 94.5 -37.2% -21.6% 150.4 120.4 (Margin) 1.2% -0.5%p -0.4%p 1.7% 1.6% 12
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Financial Statement Balance Sheet (Unit : KRW bn.) 2025.1H 2024Change Asset 26,158.2 -3.1% 27,005.4 Current Assets 20,472.2 -3.0% 21,100.7 Cash & Deposits 3,541.0 -34.4% 5,396.4 Account Receivable 6,287.3 +18.2% 5,319.2 Liabilities 16,393.5 -5.4% 17,336.0 Current Liabilities 14,087.1 -3.9% 14,663.8 Borrowing 3,342.2 +2.9% 3,246.6 Shareholder’s Equity 9,764.6 +1.0% 9,669.4 D/E Ratio -11.4%p 179.3% ➔ 167.9% +1.4%p 143.9% ➔ 145.3% Current Ratio +1.5%p 35.8% ➔ 37.3% Equity Ratio 13
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