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2002 3Q Results

2002 3Q Results. Sales & Profits. 2002 3Q sales was KRW 315 Billion, an increased of 5% YoY. Recurring Profit totalled KRW 37 Billion, an increase of 19.6% YoY. Sales. Profits. (KRW bn). (KRW bn). 315. 299. Sales Operating Profit Recurring Profit Operating Margin Recurring Margin.

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2002 3Q Results

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  1. 2002 3Q Results

  2. Sales & Profits 2002 3Q sales was KRW 315 Billion, an increased of 5% YoY. Recurring Profit totalled KRW 37 Billion, an increase of 19.6% YoY. Sales Profits (KRW bn) (KRW bn) 315 299 Sales Operating Profit Recurring Profit Operating Margin Recurring Margin 2001. 3Q 299 36 30 12.1% 10.2% 5.1% 3.3% 19.6% △ 0.2%p 1.4%p YoY 2002. 3Q 315 37 37 11.9% 11.6% 5% 33% 34% Cosmetics 67% 66% Household Products 2001 3Q 2002 3Q

  3. Household Products Strong sales of seasonal gift sets and product mix improvement contributed to steady growth of sales. In result, sales and operating profit were increased by 5% and 18%. Sales/Profit ■ Slow market growth & Increased competition - Intense competition to strengthen market position ■ Strong sales recorded for seasonal gift sets - Increase by 25% YoY ■ Product mix improvement - More premium products (‘Elastine’ Shampoo, ‘Clinx’ toothpaste, ‘Say’ soap) (KRW bn) 29 24 Operating Profit 213 202 5% Sales 2001 3Q 2002 3Q

  4. Cosmetics Sluggish consumer demand & intense competition caused a stagnant market and slowed the market growth. Through introduction of premium brands & penetration into growing markets, we are overcoming the situation. Sales/Profit ◆ Sluggish demand & Intense competition - The World Cup/Flood affected cosmetics consumption ◆ Distribution channel shift - Market portion of specialty shops/new door to door channels out of total cosmetics market was reduced ◆ Cultivating growing distribution channels - Aggressive penetration into old type door to door/discount stores markets (KRW bn) 12 7 Operating Profit 105 103 3% Sales 2001 3Q 2002 3Q

  5. Financial Status Debt-to-equity ratio declined to 145% - a decrease by 33% from the end of 2001. B / S Summary Borrowings (KRW bn) (KRW bn) 2001 2002 1H 2002 3Q 2001 2002 1H 2002 3Q 27 95 50 33 205 16 95 50 33 194 74 101 - 32 207 Short-term Current Maturities Corporate Bonds Long-term Total 647 233 414 414 315 99 233 89 178% 720 298 423 427 371 55 293 89 145% Assets (Current) ( Fixed ) Liabilities (Current) ( Fixed ) Equity (Capital Stocks) Debt to Equity 674 261 413 408 305 104 266 89 154% Net Borrowings 165 156 147 2001 2002 1H 2002 3Q

  6. Thank you ! The figures in this presentation are taken from unaudited and non-consolidated financial statements. They are subject to change during the course of review process.

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