ㆍQuarterly Cash&cash equivalent, Borrowings, Debt-Equity Ratio
9. (Chemical) Capacity
ㆍChemical (Capacity)
Disclaimer
Disclaimer
This presentation represents consolidated earnings results in accordance with K-IFRS. Please be advised that this document is provided solely for the purpose of investor convenience. It was prepared before the completion of the external auditor's review, and therefore is subject to change during this process. These uncertainties may cause our official results to be significantly different from the results recorded and implied in this presentation. Please be informed that DL Holdings' 2020 financial numbers and statements are rewritten through separating E&C Unit's results from Daelim Industrial's 2020 results on Spin-off basis and not reviewed by independent public accountants.
1. Company Outlook
Company Outlook
Company
Ownership
Structure
Division
Business
DL Holdings
-
-
1. Brand
DL Brand Royalty
2. Office Lease
D-tower (Gwanghwamun)
DL Chemical
88.9%
Subsidiary
1. Polyethylene (PE)
Blow/Pipe/Film/Yarn raw material, 71KT
2. Polybutene (PB)
Lubricants Additives, 200 KT
3. EPO
Lubricants Additives, 50 KT
Kraton
100% consolidated by DL Chemical
Subsidiary
1. SBC
High-performance Elastomer (USBC, HSBC)
2. TOFA, TOR, Terpene
Bio-Chemical
Cariflex
100% consolidated by DL Chemical
Subsidiary
1. Isoprene Rubber
Raw Material for IR Latex
2. IR Latex
Raw Material for Surgical Glove
DL FnC
100% consolidated by DL Chemical
Subsidiary
1. BOPP Film
Food Packaging / Tape / Deco-Sheet, 32 KT
2. EVA Film
EVA Coating Film, 7 KT
DL Energy
70%
Subsidiary
Combined Cycle Power Plant
Develop, invest and operate power projects
Renewable Power
12 plants in 7 countries such as Korea, USA, Chille, Pakistan, etc
GLAD
100%
Subsidiary
1. Hotel
2 Hotels in Seoul, 1 Hotel in Jeju island
2. Golf Club
Jeju Ora CC
DL Motors
100%
Subsidiary
1. Car Parts
Ladder frame, Oil fan, Valve body, Transmission case, etc.
2. EV Battery Parts
Endplate, etc.
YNCC
50%
Equity Method
1. Ethylene
Raw material for PE/EG/PVC, 2,285 KT
2. Propylene
Raw material for PP/PO, 1,280 KT
3. Mixed C4
Raw material for BD/Raffinate-1, 740 KT
4. Butadiene
Raw material for BR/SBR/NBR, 370 KT
5. SM
Raw material for PS/ABS/EPS, 350 KT
6. BTX
Raw material for SM/Paint/Solvent, 880 KT
PMC
50%
Equity Method
1. Polypropylene (PP)
Raw material for vehicle/appliance/hygiene/packaging, 730 KT
Ulsan PP 400 KT (50.1% ownership)
DL E&C
23%
Equity Method
1. Housing
2. Civil
3. Plant
2. IS (Consol.)
Income Statement (Consolidated)
1Q23
2022Y
2021Y
2020Y
2019Y
(Unit : KRW)
Sales
1,287,368,068,133
5,170,810,757,434
2,385,420,753,496
1,566,148,811,684
1,660,433,291,503
COGS
1,013,435,796,809
4,168,452,845,252
1,935,220,023,569
1,251,799,225,891
1,400,618,363,390
Gross Profit
273,932,271,324
1,002,357,912,182
450,200,729,927
314,349,585,793
259,814,928,113
SG&A
204,902,639,147
721,644,427,072
228,307,332,245
195,299,820,114
123,829,140,896
Operating Profit
69,029,632,177
280,713,485,110
221,893,397,682
119,049,765,679
135,985,787,217
Other Income
30,980,315,934
261,704,997,152
414,158,821,431
67,288,668,896
31,417,850,980
Other Expenses
24,825,147,369
157,802,068,486
28,549,089,718
177,155,622,704
50,121,670,576
Financial Income
24,191,513,893
69,725,835,556
20,936,420,773
28,780,523,389
21,337,263,251
Financial Expenses
114,114,724,742
296,776,480,577
75,645,613,373
78,038,068,026
59,952,904,072
Equity Method Investment
-8,887,557,197
-47,537,951,523
315,147,891,515
84,487,200,134
190,637,657,491
Net Income Before Tax
-23,625,967,304
110,027,817,232
867,941,828,310
0
44,412,467,368
269,303,984,291
Corporate Tax
14,098,183
21,355,340,078
106,165,152,122
23,363,158,967
28,654,789,099
Net Income from continuing operations
-23,640,065,487
88,672,477,154
761,776,676,188
21,049,308,401
240,649,195,192
Net income from discontinued operations
113,261,652,656
551,607,854,557
469,658,466,581
Net Income
-23,640,065,487
88,672,477,154
875,038,328,844
572,657,162,958
710,307,661,773
3. IS (Separate)
Income Statement (Separate)
1Q23
2022Y
2021Y
2020Y
2019Y
(Unit : KRW)
Sales
80,543,196,891
223,739,891,845
46,197,655,946
859,871,345,880
1,134,484,300,421
COGS
642,277,801
11,811,804,531
40,696,204,114
732,828,301,256
990,329,485,431
Gross Profit
79,900,919,090
211,928,087,314
5,501,451,832
127,043,044,624
144,154,814,990
SG&A
3,155,848,382
16,049,721,079
19,843,647,567
76,779,411,875
79,072,864,592
Operating Profit
76,745,070,708
195,878,366,235
-14,342,195,735
50,263,632,749
65,081,950,398
Other Income
508,280,051
26,019,716,062
28,681,167,823
227,942,979,993
112,026,551,784
Other Expenses
107,080,597
43,331,234,605
43,947,531,613
204,109,451,370
44,588,435,624
Financial Income
1,873,979,783
4,219,991,053
4,252,976,123
23,303,887,904
18,138,826,358
Financial Expenses
4,083,258,775
15,279,848,227
16,509,843,862
25,197,322,113
25,002,466,757
Net Income Before Tax
74,936,991,170
167,506,990,518
-41,865,427,264
72,203,727,163
125,656,426,159
Corporate Tax
2,048,906,875
20,877,366,669
-7,504,622,983
60,636,376,985
24,995,379,564
Net Income from continuing operations
72,888,084,295
146,629,623,849
-34,360,804,281
11,567,350,178
100,661,046,595
Net income from discontinued operations
454,404,036,281
489,428,370,261
296,217,670,668
Net Income
72,888,084,295
146,629,623,849
420,043,232,000
500,995,720,439
396,878,717,263
4. Business Plan
Business Plan
(Unit : KRW Bn)
2023Y
Plan
Results(1Q)
%
DL Holdings (Consol.)
Sales
6,400
1,287
20%
Operating Profit
420
69
16%
DL Holdings (Separate)
Sales
100
81
81%
Operating Profit
-
77
-
DL Chemical (Separate)
Sales
1,950
424
22%
Operating Profit
-
16
-
Kraton
Sales
3,360
663
20%
Operating Profit
-
9
-
Cariflex
Sales
340
57
17%
Operating Profit
-
11
-
DL FnC
Sales
110
21
19%
Operating Profit
-
1
-
DL Energy
Sales
100
44
44%
Operating Profit
-
38
-
GLAD
Sales
100
21
21%
Operating Profit
-
4
-
DL Motors
Sales
340
86
25%
Operating Profit
-
-0
-
DL E&C
Sales
8,200
1,850
23%
Operating Profit
-
90
-
5. Sales
Sales
(Unit : KRW Bn)
2016Y
2017Y
2018Y
2019Y
2020Y
2021Y
2022Y
2023Y
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
DL Holdings (Separate)
49
43
44
70
206
84
107
101
169
462
1,567
460
57
153
2,237
805
805
DL Chemical (Separate)
2,734
2,794
2,721
2,495
10,744
3,041
2,867
2,902
2,810
11,620
2,975
3,144
3,211
2,703
12,033
2,815
2,892
2,862
2,582
11,151
2,526
1,756
2,020
2,091
8,393
2,832
3,639
3,919
4,300
14,690
4,794
4,860
4,544
4,105
18,303
4,242
4,242
Kraton
1,740
7,398
7,422
7,219
23,779
6,629
6,629
Cariflex
75
687
622
604
1,988
501
654
676
778
2,609
680
775
774
795
3,024
567
567
DL FnC
0
196
195
200
591
220
231
223
260
934
271
268
235
218
992
213
213
DL Energy
87
-61
-42
78
62
204
12
112
17
345
178
169
176
338
861
350
137
441
96
1,024
342
137
248
411
1,138
321
156
393
158
1,028
381
181
524
-11
1,075
443
443
GLAD
166
224
209
243
842
190
238
230
249
907
184
246
237
264
931
210
269
247
275
1,001
145
134
166
163
608
118
167
173
221
679
165
221
271
271
928
212
212
DL Motors
1,005
1,024
886
926
3,841
927
908
865
767
3,467
664
732
720
819
2,935
733
795
702
743
2,973
633
484
598
717
2,432
721
827
693
858
3,099
799
871
852
931
3,453
856
856
YNCC
9,353
10,959
11,244
12,184
43,740
15,016
12,973
12,241
13,929
54,159
13,432
15,079
16,008
14,025
58,544
12,630
11,359
13,276
12,799
50,064
12,360
8,421
9,914
8,750
39,445
12,764
16,677
17,011
18,268
64,720
16,619
21,070
17,406
13,474
68,569
15,119
15,119
PMC
1,925
2,044
2,019
2,179
8,167
2,251
2,185
2,212
2,348
8,996
2,292
2,335
2,394
2,340
9,361
2,337
2,414
2,392
2,340
9,483
2,297
2,316
2,228
2,126
8,967
2,408
2,676
2,666
2,807
10,557
2,759
2,735
2,267
2,204
9,965
2,168
2,168
DL E&C
0
0
0
0
0
16,996
19,223
18,068
22,000
76,287
15,147
18,770
18,489
22,562
74,968
18,501
18,501
10
Sales
(Unit : KRW Bn)
2016Y
2017Y
2018Y
2019Y
2020Y
2021Y
2022Y
2023Y
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
DL Holdings (Separate)
5
4
4
7
21
8
11
10
17
46
157
46
6
15
224
81
0
0
0
81
DL Chemical (Separate)
273
279
272
250
1,074
304
287
290
281
1,162
298
314
321
270
1,203
282
289
286
258
1,115
253
176
202
209
839
283
364
392
430
1,469
479
486
454
411
1,830
424
0
0
0
424
Kraton
174
740
742
722
2,378
663
0
0
0
663
Cariflex
8
69
62
60
199
50
65
68
78
261
68
78
77
80
302
57
0
0
0
57
DL FnC
0
20
20
20
59
22
23
22
26
93
27
27
24
22
99
21
0
0
0
21
DL Energy
9
-6
-4
8
6
20
1
11
2
35
18
17
18
34
86
35
14
44
10
102
34
14
25
41
114
32
16
39
16
103
38
18
52
-1
108
44
0
0
0
44
GLAD
17
22
21
24
84
19
24
23
25
91
18
25
24
26
93
21
27
25
28
100
15
13
17
16
61
12
17
17
22
68
17
22
27
27
93
21
0
0
0
21
DL Motors
101
102
89
93
384
93
91
87
77
347
66
73
72
82
294
73
80
70
74
297
63
48
60
72
243
72
83
69
86
310
80
87
85
93
345
86
0
0
0
86
YNCC
935
1,096
1,124
1,218
4,374
1,502
1,297
1,224
1,393
5,416
1,343
1,508
1,601
1,403
5,854
1,263
1,136
1,328
1,280
5,006
1,236
842
991
875
3,945
1,276
1,668
1,701
1,827
6,472
1,662
2,107
1,741
1,347
6,857
1,512
0
0
0
1,512
PMC
193
204
202
218
817
225
219
221
235
900
229
234
239
234
936
234
241
239
234
948
230
232
223
213
897
241
268
267
281
1,056
276
274
227
220
997
217
0
0
0
217
DL E&C
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,700
1,922
1,807
2,200
7,629
1,515
1,877
1,849
2,256
7,497
1,850
0
0
0
1,850
6. Operating Profit
Operating Profit
(Unit : KRW Bn)
2016Y
2017Y
2018Y
2019Y
2020Y
2021Y
2022Y
2023Y
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
DL Holdings (Separate)
-28
-31
0
-44
-103
-59
-33
-25
-25
-142
1,469
400
2
88
1,959
767
767
DL Chemical (Separate)
546
573
515
287
1,921
403
382
384
193
1,362
232
332
327
68
959
214
190
225
120
749
52
184
212
151
599
203
333
259
224
1,019
20
386
243
424
1,073
161
161
Kraton
-61
28
742
-203
506
90
90
Cariflex
3
117
100
113
333
42
116
156
176
490
112
153
173
173
611
112
112
DL FnC
0
9
10
10
29
10
24
27
6
67
21
25
20
6
72
8
8
DL Energy
70
-108
-43
45
-36
178
-30
64
-56
156
127
83
67
173
450
226
-85
335
-53
423
153
-50
171
131
405
190
-8
215
17
414
231
-6
378
-98
505
381
381
GLAD
12
36
28
43
119
4
19
31
33
87
-12
16
19
35
58
-9
23
32
41
87
-28
-31
23
16
-20
-4
11
22
53
81
23
38
91
24
176
41
41
DL Motors
45
59
44
-28
120
14
-8
-4
3
5
6
26
5
15
52
12
40
4
32
88
-4
-16
-65
-210
-295
-59
11
3
2
-43
1
5
5
11
22
-3
-3
YNCC
650
2,003
1,776
2,130
6,559
3,682
1,952
2,302
2,187
10,123
1,771
2,328
1,972
256
6,327
1,636
488
1,452
928
4,504
-1,158
1,485
1,558
1,125
3,010
1,880
2,005
613
-564
3,934
-623
-339
-1,663
-1,243
-3,867
-458
-458
PMC
426
470
381
338
1,615
284
286
297
289
1,156
223
201
210
123
757
218
334
217
105
874
213
510
324
211
1,258
275
274
141
183
873
133
101
14
61
309
64
64
DL E&C
0
0
0
0
0
1,998
2,290
2,589
2,690
9,567
1,257
1,347
1,163
1,196
4,963
902
902
10
Operating Profit
(Unit : KRW Bn)
2016Y
2017Y
2018Y
2019Y
2020Y
2021Y
2022Y
2023Y
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
DL Holdings (Separate)
-3
-3
0
-4
-10
-6
-3
-3
-3
-14
147
40
0
9
196
77
0
0
0
77
DL Chemical (Separate)
55
57
52
29
192
40
38
38
19
136
23
33
33
7
96
21
19
23
12
75
5
18
21
15
60
20
33
26
22
102
2
39
24
42
107
16
0
0
0
16
Kraton
-6
3
74
-20
51
9
0
0
0
9
Cariflex
0
12
10
11
33
4
12
16
18
49
11
15
17
17
61
11
0
0
0
11
DL FnC
0
1
1
1
3
1
2
3
1
7
2
3
2
1
7
1
0
0
0
1
DL Energy
7
-11
-4
5
-4
18
-3
6
-6
16
13
8
7
17
45
23
-9
34
-5
42
15
-5
17
13
40
19
-1
22
2
41
23
-1
38
-10
51
38
0
0
0
38
GLAD
1
4
3
4
12
0
2
3
3
9
-1
2
2
4
6
-1
2
3
4
9
-3
-3
2
2
-2
-0
1
2
5
8
2
4
9
2
18
4
0
0
0
4
DL Motors
5
6
4
-3
12
1
-1
-0
0
1
1
3
1
2
5
1
4
0
3
9
-0
-2
-7
-21
-30
-6
1
0
0
-4
0
1
1
1
2
-0
0
0
0
-0
YNCC
65
200
178
213
656
368
195
230
219
1,012
177
233
197
26
633
164
49
145
93
450
-116
149
156
113
301
188
201
61
-56
393
-62
-34
-166
-124
-387
-46
0
0
0
-46
PMC
43
47
38
34
162
28
29
30
29
116
22
20
21
12
76
22
33
22
11
87
21
51
32
21
126
28
27
14
18
87
13
10
1
6
31
6
0
0
0
6
DL E&C
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200
229
259
269
957
126
135
116
120
496
90
0
0
0
90
7.Equity Method Investment
Equity Method Investment
(Unit : KRW Bn)
2016Y
2017Y
2018Y
2019Y
2020Y
2021Y
2022Y
2023Y
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
YNCC
25
74
67
77
242
137
75
89
83
383
69
83
68
11
231
57
22
55
34
167
-39
53
59
48
122
88
70
27
-29
157
-19
-19
-63
-51
-152
-27
-27
PMC
17
18
15
14
63
11
11
12
11
45
9
7
8
5
29
8
12
8
4
32
8
19
12
6
44
10
9
2
5
26
3
1
-5
-5
-7
-2
-2
DL E&C
13
27
17
58
12
15
24
-0
51
15
15
Total
41
92
82
90
305
148
85
100
94
428
78
90
76
16
260
65
34
63
38
199
-31
72
71
54
166
98
92
57
-7
240
-4
-3
-45
-57
-108
-13
0
0
0
-13
8. Financial Status
Financial Status
(Unit KRW bn)
2020Y
2021Y
2022Y
2023Y
1Q
2Q
3Q
Year-end
1Q
2Q
3Q
Year-end
1Q
2Q
3Q
Year-end
1Q
2Q
3Q
Year-end
DL Holdings (Consolidated)
Cash & Cash Equivalent
3,010
1,313
1,294
1,683
1,830
875
891
2,559
958
878
Total Assets
13,902
6,629
7,477
7,956
8,323
11,879
12,392
13,109
12,151
12,279
Borrowings
3,170
2,399
2,436
2,872
2,937
5,224
5,264
5,569
5,234
5,550
Net Debt
160
1,086
1,142
1,189
1,107
4,349
4,374
3,009
4,276
4,671
Total Liabilities
6,858
3,270
3,214
3,583
3,793
7,264
7,634
8,068
7,400
7,508
Total Equities
7,044
3,359
4,264
4,373
4,530
4,615
4,758
5,041
4,751
4,771
Debt-Equity Ratio
97%
97%
75%
82%
84%
157%
160%
160%
156%
157%
DL Holdings (Separate)
Cash & Cash Equivalent
628
113
110
103
76
228
187
212
219
Total Assets
3,313
3,693
3,652
3,710
3,764
3,758
3,721
3,649
3,722
Borrowings
494
474
494
495
495
553
523
523
523
Net Debt
-134
361
385
391
419
326
335
311
303
Total Liabilities
827
731
696
721
676
641
605
587
610
Total Equities
2,486
2,962
2,956
2,990
3,088
3,116
3,116
3,062
3,112
Debt-Equity Ratio
33%
25%
24%
24%
22%
21%
19%
19%
20%
DL Chemical (Consolidated)
Cash & Cash Equivalent
1,284
1,448
565
479
488
439
346
Total Assets
3,740
4,024
7,405
7,746
8,381
7,619
7,692
Borrowings
1,154
1,236
3,409
3,583
3,915
3,549
3,841
Net Debt
-130
-211
2,843
3,104
3,426
3,109
3,495
Total Liabilities
1,549
1,759
5,155
5,411
5,875
5,365
5,505
Total Equities
2,191
2,265
2,249
2,334
2,506
2,254
2,187
Debt-Equity Ratio
71%
78%
229%
232%
234%
238%
252%
DL Chemical (Separate)
Cash & Cash Equivalent
391
921
1,192
1,353
375
301
297
220
168
Total Assets
1,925
2,549
2,984
3,253
4,201
4,219
4,209
4,110
4,032
Borrowings
389
479
799
777
1,690
1,845
1,962
1,705
1,724
Net Debt
-3
-442
-393
-576
1,315
1,544
1,665
1,485
1,556
Total Liabilities
721
794
1,104
1,241
2,228
2,250
2,277
2,097
2,098
Total Equities
1,204
1,755
1,880
2,012
1,972
1,969
1,932
2,013
1,934
Debt-Equity Ratio
60%
45%
59%
62%
113%
114%
118%
104%
108%
9. (Chemical) Capacity
(Chemical) Capacity
(Unit : MT)
2015Y
2016Y
2017Y
2018Y
2019Y
2020Y
2021Y
2022Y
1Q23
비고
DL Chemical
PE
460,000
460,000
460,000
460,000
460,000
460,000
710,000
710,000
710,000
250 KT expansion in Jan 2021
PB
165,000
175,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
10 KT expansion in 2016, 25 KT expansion in 2017
EPO
5,000
5,000
5,000
7,000
50 KT new plan start up in Jan 2020
Kraton
USBC
240,000
240,000
Acquisition Completed in Mar 2022
HSBC
90,000
90,000
Pine Refinering
670,000
670,000
DL FNC
BOPP & EVA film
37,600
37,600
37,600
37,600
37,600
37,600
37,600
37,600
37,600
YNCC
Ethylene
1,910,000
1,910,000
1,950,000
1,950,000
1,950,000
1,950,000
2,285,000
2,285,000
2,285,000
335 KT expansion in Jan, 2021
Propylene
1,110,000
1,110,000
1,110,000
1,110,000
1,110,000
1,110,000
1,280,000
1,280,000
1,280,000
140 KT expansion in 2015 (OCU), 117 KT expansion in 2021
Butadiene
240,000
240,000
240,000
240,000
240,000
240,000
370,000
370,000
370,000
130 KT expansion in Jan, 2021
SM
290,000
290,000
290,000
290,000
346,000
346,000
346,000
346,000
346,000
156 KT expansion in 2019
BTX
780,000
780,000
780,000
780,000
780,000
780,000
880,000
880,000
880,000
100 KT expansion in Jan, 2021
PMC
PP
700,000
700,000
700,000
730,000
730,000
730,000
730,000
730,000
730,000
30 KT debotlenecking in 2018
┕ UPP
PP
400,000
400,000
400,000
400 KT new plan start up in May, 2021
Attachments
Original Link
Original Document
Permalink
Disclaimer
DL Holdings Co. Ltd. published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 07:20:01 UTC.
DL Holdings Co Ltd, formerly Daelim Industrial Co Ltd, is a Korea-based holding company mainly controls or manages the business activities of other enterprises. The Company operates its business through three segments. The Manufacturing segment manufactures and sells auto parts. The Energy segment is engaged in the business such as management consulting, development of private power generation projects, and renewable energy, among others. The Other segment engages in the operation of hotels, golf courses and resorts, and the rental of real estate.