4Q 2024 Earnings Release

4Q '24 Results

Sales

(KRW Tn)

Resources

Trading/New Biz

Logistics

4.6

3.7

4.2

2.2

2.1

1.7

1.8

2.1

1.8

0.2

0.3

0.3

4Q '23

3Q '24

4Q '24

  • YoY +0.5 (3.7→ 4.2)

▪Increase in ocean freight rates and volume ▪Increase in resources trading volume ▪Consolidation effect of AKP nickel mine

  • QoQ △0.4 (4.6→ 4.2)

▪Decrease in LCD Panel prices and sales volume ▪Decrease in ocean freight rates and volume

1/6

Profit/Loss

(KRW Bn)

Items 4Q '23 3Q '24 4Q '24 YoY QoQ

Operating

78.5

154.7

94.2

+20%

△39%

Profit

2.1%

3.4%

2.2%

EBITD

162.0

246.5

188.8

+16%

△23%

EBITDA

A

4.4%

5.4%

4.5%

세Profit전이

171.8

△12.6

+78%

Turned

Before Tax △57.1

to

익

Loss

Net

△84.1

120.7

△62.4

+26%

Turned

to

Profit

Loss

  • One-offImpairment Losses on Intangible Assets(△126.3) are included in profit before tax of 4Q '24

Business performance ('24 annual)

Sales

(KRW Tn)

Resources

Trading/New Biz

Logistics

14.5

16.6

7.9

6.8

6.6

7.5

1.1

1.2

'23

'24

YoY +2.1 (14.5 → 16.6)

[Resources]

▪ Consolidation effect of AKP nickel mine ▪ Increase in CPO prices

[Trading/New Biz]

▪ Increase in resources trading volume ▪ Increase in LCD Panel prices

[Logistics]

▪ Increase in ocean freight rates and volume

2/6

Items

Operating

Profit

EBITD

AEBITDA

세Profit전이 Before익 Tax

Net

Profit

Profit/Loss

'23

'24

433.1

489.2

3.0%

2.9%

746.7

852.9

5.1%

5.1%

342.8 460.4

193.4 269.5

(KRW Bn)

YoY

+13%

+14%

+34%

+39%

Resources

Results

[4Q]

Sales

Operating Profit

259.7

295.9

293.5

35.0

5.8

15.7

[Annual]

1,078.1

105.9

(KRW Bn)

1,157.5

109.7

Commodity Prices

(U$/t)

942

(U$/t)

1,000

35,000

800

778

777

826

30,000

714

600

25,000

400

17,208

16,589

18,415

16,259

20,000

4Q '23

3Q '24

4Q '24

[Operating Profit] YoY +9.9

(5.8 → 15.7)

▪Decrease in mining costs ▪Increase in CPO prices

QoQ △19.3

(35.0 → 15.7) ▪Decrease in coal prices ▪Increase in mining costs

'23

'24

YoY +3.8

(105.9 → 109.7)

▪ Increase in CPO prices

[Annual commodity prices] (U$)

Items

'23 Avg

'24 Avg

ICI4

63

54

NEWC

173

135

PTPN

737

833

LME

21,506

16,812

3/6

200

140

16,038

15,000

135

126

136

138

0

59

57

55

52

52

10,000

4Q '23

1Q '24

2Q '24

3Q '24

4Q '24

ICI4(L) NEWC(L) PTPN(L) LME(R) *ICI4(Indonesian Coal): Argus, GAR 4,200kcal *NEWC(Australian Coal): Globalcoal, GAR 6,322kcal *PTPN(Indonesian CPO): PT Perkebunan Nusantara CPO Tender Price *LME(Nickel): London Metal Exchange, Nickel Spot Price

Trading/New Biz

Results

[4Q]

Sales

Operating Profit

2,054.9

1,773.81,806.7

43.7 40.7

27.6

4Q '23

3Q '24

4Q '24

[Operating Profit]

YoY △16.1 (43.7 → 27.6) ▪Decreased profit in LX Glas ▪Decrease in LCD Panel prices

and sales volume

QoQ △13.1 (40.7 → 27.6) ▪Decrease in LCD Panel prices

and sales volume

[Annual]

Prices of major products

(KRW Bn)

(U$/t, U$, U$/MT)

6,645.9

7,532.1

400

326

340

353

344

345

171.8

300

156.1

200

140

138

135

126

136

'23

'24

100

62

60

64

62

60

YoY △15.7

0

(171.8 → 156.1)

4Q '23

1Q '24

2Q '24

3Q '24

4Q '24

▪ Decreased profit in LX Glas

[Annual prices of major products] (U$)

NEWC

LCD Panel

Methanol

Items

'23 Avg

'24 Avg

NEWC

173

135

*NEWC(Australian Coal): Globalcoal, GAR 6,322kcal

LCD Panel

60

62

*LCD Panel: DSCC, 43'' FHD Price

Methanol

324

345

*Methanol: Platts, CFR Korea

4/6

Logistics

Results

[4Q]

Sales

Operating Profit

2,209.5 2,127.4

1,681.2

79.0

[Annual]

(KRW Bn)

(U$/FEU, TEU)

Freight Rates

(P)

7,948.0

9,000

3,073

3,500

6,790.3

8,000

3,000

2,628

7,000

223.4

6,302

2,244

2,500

6,000

155.4

2,038

5,076

2,000

5,000

4,327

29.0

50.9

4,000

4,177

4,092

1,500

1,065

3,156

3,000

4Q '23

3Q '24

4Q '24

[Operating Profit] YoY +21.9

(29.0 → 50.9)

▪ Increase in ocean freight rates and volume

QoQ △28.1

(79.0 → 50.9)

▪ Decrease in ocean freight rates and volume

'23

'24

2,554

2,565

1,000

2,000

1,836

500

YoY +68.0

1,000

923

(155.4 → 223.4)

▪ Increase in ocean freight rates

0

0

4Q '23 1Q '24

2Q '24 3Q '24

4Q '24

and volume

(P, U$)

[Annual freight rates]

USWC(L)

Europe(L)

SCFI(R)

Items

'23 Avg

'24 Avg

SCFI

1,004

2,496

*Shanghai Shipping Exchange

USWC

1,606

4,971

Europe

874

3,092

5/6

Financial Highlights

Financial Positions

(KRW Bn)

'23

'24

Assets

7,995.3

8,930.9

Cash & Cash Equivalents

1,138.9

1,218.0

Trade Receivables

1,266.5

1,581.2

Inventories

904.8

877.6

Investments/Intangible Assets

2,087.3

2,281.6

Others1)

2,597.8

2,972.5

Liabilities

4,920.4

5,611.3

Trade Payables

1,275.5

1,390.8

Borrowings2)

2,206.0

2,366.0

Others1)

1,438.9

1,854.5

Shareholders' Equity

3,074.9

3,319.6

Capital Stock

193.8

193.8

Surplus, etc.

2,881.1

3,125.8

Net Borrowings3)

1,031.9

1,118.1

Financial Ratio

'23

'24

Total Liabilities/

160%

+9%p

169%

Shareholder's Equity

Interest Bearing

72%

71%

Liabilities/

△1%p

Shareholder's Equity

Net Interest

34%

-

34%

Bearing Liabilities/

Shareholder's Equity

  1. Others(Assets): Tangible Assets, Non-Trade Receivables / Others(Liabilities): Lease Liabilities, Non-Trade Payables
  2. Short-termBorrowings + Long-term Borrowings + Current Portion of Bonds and Long-Term Borrowings + Bonds Payables
  3. Net Borrowings = Borrowings - (Cash & Cash Equivalents + Short term financial instrument)

6/6

Balance Sheet (K-IFRS Consolidated)

Items

Assets

Current Assets

Cash & Cash Equivalents

Trade Receivables

Inventories

Other Current Assets

Non-Current Assets

Tangible Assets

Investments

Intangible Assets

Other Non-Current Assets

Liabilities

Current Liabilities

Trade Payables

Short-term Borrowings

Current Portion of Bonds and

Long-Term Borrowings

Other Current Liabilities

Non-Current Liabilities

Bonds Payables

Long-term Borrowings

Other Non-Current Liabilities

Equity

1Q

2023

3Q

4Q

2Q

8,361.6

8,358.7

8,703.0

7,995.3

4,384.3

4,381.1

4,621.1

4,033.7

1,324.0

1,213.2

1,241.5

1,138.9

1,406.4

1,311.3

1,369.9

1,266.5

742.9

940.5

1,020.5

904.8

911.0

916.1

989.2

723.5

3,977.3

3,977.6

4,081.9

3,961.6

1,439.1

1,459.2

1,526.6

1,584.1

796.5

764.9

781.9

851.7

1,418.7

1,422.1

1,445.9

1,235.6

323.0

331.4

327.5

290.2

5,256.1

5,205.8

5,481.8

4,920.4

2,995.7

2,797.6

3,125.7

2,608.4

1,225.4

1,258.9

1,450.0

1,275.5

210.2

218.0

138.8

130.9

293.2

252.6

350.3

314.0

1,266.9

1,068.1

1,186.6

888.0

2,260.4

2,408.2

2,356.1

2,312.0

469.1

668.5

668.6

668.7

1,300.9

1,241.9

1,164.2

1,092.4

490.4

497.8

523.3

550.9

3,105.5

3,152.9

3,221.2

3,074.9

[Appendix]

(KRW Bn)

2024

1Q

2Q

3Q

4Q

8,534.9

8,990.6

8,769.1

8,930.9

4,253.6

4,616.3

4,389.4

4,577.0

1,078.0

1,107.8

1,051.6

1,218.0

1,552.6

1,653.7

1,698.4

1,581.2

882.9

1,088.3

878.6

877.6

740.1

766.5

760.8

900.2

4,281.3

4,374.3

4,379.7

4,353.9

1,662.2

1,670.6

1,656.2

1,745.5

836.6

986.3

908.4

1,001.9

1,460.6

1,466.9

1,434.9

1,279.6

321.9

328.4

302.3

326.9

5,333.7

5,608.8

5,345.2

5,611.3

3,029.2

3,297.0

3,163.9

3,397.1

1,426.5

1,681.8

1,465.2

1,390.8

203.2

177.9

216.9

323.6

472.2

488.0

498.9

552.2

927.3

949.3

982.9

1,130.5

2,304.5

2,311.8

2,181.3

2,214.2

558.9

519.0

519.1

519.2

1,092.5

1,097.0

966.5

971.1

653.1

695.8

695.7

723.9

3,201.2

3,381.8

3,423.9

3,319.6

Income Statement (K-IFRS Consolidated)

Items

Sales

Cost of Sales

Gross Profit

SG&A Expenses

Operating Profit

Non-Operating Profit

Finance Income/Costs

Gain(loss) of Equity

Method

Other Income and

Expenses

Profit Before Tax

Income Tax

Net Profit

Owners of the Parent

Non-Controlling Interests

1Q

2Q

2023

4Q

Total

3Q

3,699.9

3,440.4

3,659.4

3,714.7

14,514.3

3,301.7

3,069.5

3,364.5

3,403.0

13,138.7

398.2

370.9

294.9

311.7

1,375.6

236.5

241.7

231.3

233.2

942.5

161.7

129.2

63.6

78.5

433.1

50.7

(18.4)

13.1

(135.6)

(90.3)

(10.2)

(18.9)

(27.4)

(43.0)

(99.5)

64.4

(1.8)

40.7

34.0

137.3

(3.5)

2.3

(0.2)

(126.6)

(128.1)

212.4

110.8

76.7

(57.1)

342.8

56.0

38.7

27.7

27.0

149.4

156.4

72.1

49.0

(84.1)

193.4

125.3

40.9

37.8

(87.0)

117.1

31.1

31.2

11.2

2.9

76.3

(KRW Bn)

2024

1Q

2Q

3Q

4Q

Total

3,776.1

4,073.6

4,560.3

4,227.6

16,637.6

3,429.1

3,693.0

4,156.2

3,852.3

15,130.5

347.0

380.6

404.1

375.3

1,507.1

236.3

251.0

249.4

281.1

1,017.9

110.7

129.6

154.7

94.2

489.2

19.5

41.3

17.1

(106.8)

(28.8)

(21.8)

(28.4)

(28.8)

(26.6)

(105.6)

32.8

69.2

36.8

41.9

180.6

8.5

0.5

9.1

(122.1)

(103.8)

130.2

170.9

171.8

(12.6)

460.4

32.2

57.8

51.1

49.8

190.9

98.0

113.1

120.7

(62.4)

269.5

80.2

90.3

85.0

(79.9)

175.7

17.8

22.8

35.7

17.5

93.8

* The difference between Total and quarterly sum is due to rounding.

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LX International Corp. published this content on February 07, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 07, 2025 at 04:52:05.954.