Slides
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3Q.26 Business Performance ′26.10
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❖ Disclaimer The financial data in this presentation is based on the K-IFRS consolidated basis for the third quarter of 2026. The data discussed herein are presented on a preliminary basis before the audit from the Independent Auditor, for the convenient use of investors. Therefore, the actual results may change in the process of audit.
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Contents 01 BusinessHighlight 02 Detailed Results Appendix Summary of Financial Statements
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Business Highlight 01
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665 800 '26.9M '26.FY 14,446 14,428 28,875 33,400 '26.9M '26.FY Domestic Overseas 5 12,060 7,304 19,364 27,400 '26.9M '26.FY Domestic Overseas (3.4%) (2.9%) 86.5% 70.7% 83.1% Business Highlight New Order Revenue Operating Profit 86.5% of Yearly Target 70.7% of Yearly Target 83.1% of Yearly Target (Unit: KRW Billion) (Unit: KRW Billion) (Unit: KRW Billion)
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Detailed Results 02
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HDEC (Incl. Construction Co.) HEC 18,267 14,446 7,849 14,428 26,116 28,875 '25.9M '26.9M Domestic Overseas 1,024 1,626 14,391 9,259 5,080 5,863 20,579 16,892 - '25.9M '26.9M Others Plant/New Energy Building/Housing Civil ′26.9M Orders : (consol.) KRW 28,875 billion [86.5% of Annual Target(33,400bil) Achieved] +10.6% 7 ◇ ’26.9M New Orders U.S. DRP-EAF Integrated Steel Mill Project(5.4T), BokjungStation Area Mixed-use Development(3.0T), InchoenBugae5thArea Redevelopment(0.5T), Pohang AI Data Center(0.4T) 669 3,077 3,742 7,742 924 997 5,335 11,815 '25.9M '26.9M Plant/Infra Building/Housing Others Consolidated ◇ ’26.9M New Orders U.S. Hanwha Philly Shipyard Expansion(3.8T), Kazakhstan Gas Processing Facility(2.4T), Gunsan AI Data Center(0.3T) ※Construction Right (KR W7.7T) Apgujeong3 District (5.6T), Apgujeong5 District (1.0T), etc ·마곡 더그리드 ·힐튼호텔 ·부산우동3구역 ※발주처 요청에 따른 비공개 New Order (Unit : KRW Billion) [ 16,892(Domestic : 10,883 / Overseas : 6,009) ] (Unit : KRW Billion) [ 11,815(Domestic : 3,432 / Overseas : 8,383) ] (Unit : KRW Billion) ·M agokThe Grid ·Gaepo 6,7 · Busan Udong3
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74,329 74,525 20,709 25,006 95,039 99,531 '25.FY '26.9M Domestic (단위: 억원) 8 Consolidated +4.7% HDEC (Incl. Construction Co.) HEC 9,042 9,005 48,018 50,834 12,675 13,624 69,736 73,462 - 40,000 80,000 '25.FY '26.9M Plant/New Energy Building/Housing Civil ◇ ’26.9M Backlog U.S. DRP-EAF Integrated Steel Mill Project(4.5T), Iraq WIP(4.1T),BokjungStation Area Mixed-use Development(3.0T), THE H Cleast(2.1T) 7,232 6,176 17,359 19,620 24,626 25,838 '25.FY '26.9M Plant/Infra Building/Housing Others ◇ ’26.9M Backlog U.S. Hanwha Philly Shipyard Expansion(3.6T), Kazakhstan Gas Processing Facility(2.1T), Saudi Amiral PKG1(0.7T) ◇ Housing Backlog : KRW 37,197 billion ※ Construction right(Not Included) : KRW 28,377 billion ◇ Housing Backlog : KRW 10,976 billion ※ Construction right(Not Included) : KRW 4,747 billion Backlog ′26.9M Order Backlog : (consol.) KRW 99,531 billion [3.6 years of workload secured] [ 73,462(Domestic : 58,826 / Overseas : 14,636) ] (Unit : KRW Billion) [ 25,838(Domestic : 15,462 / Overseas : 10,375) ] (Unit : KRW Billion)
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1,416 1,459 7,258 6,192 3,817 3,634 12,598 11,490 - '25.9M '26.9M Others Plant/New Energy Building/Housing Civil 14,214 12,060 8,789 7,304 23,003 19,364 '25.9M '26.9M Domestic Overseas (단위: 억원) 9 HEC Consolidated -15.8% ◇ Major Revenue The H Claest(1.0T), Saudi Amiral PKG4(0.7T), The H Bangbae( 0.4T ),Saudi Jafurah PKG2 (0.4T) ◇ Major Revenue Saudi Amiral PKG1(1.0T), Saudi Jafurah(0.5T ), AnseongHyundai Motor MAAC(0.3T), Ulsan S-oil Shaheen(0.3T ) 3,976 3,381 5,175 3,192 942 1,008 10,093 7,580 - '25.9M '26.9M Plant/Infra Building/Housing Others Revenue ′26.9M Revenue : (Consol.) KRW 19,364 billion [70.7% of Annual Plan(27,400bil) Achieved] HDEC (Incl. Construction Co.) [ 11,490(Domestic : 7,321 / Overseas : 4,170) ] (Unit : KRW Billion) [ 7,580(Domestic : 4,471 / Overseas : 3,109) ] (Unit : KRW Billion)
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94.0% 92.0% '25.9M '26.9M Cost of Sales Ratio -2.0%p 10 Cost of Sales HEC (Unit : %) ′25.9M ′26.9M YoY HDEC 95.5% 93.9% -1.6%p Civil 92.4% 101.3% +8.9%p Building/Housing 95.0% 89.8% -5.2%p Plant/New Energy 99.2% 100.6% +1.4%p (Unit : %) ′25.9M ′26.9M YoY HEC 93.6% 90.3% -3.3%p Plant/Infra 95.9% 94.3% -1.6%p Building/Housing 91.9% 85.7% -6.2%p Others 92.9% 91.4% -1.5%p Cost of Sales Ratio ′26.9M Cost of Sales Ratio : (Consol.) 92.0% [YoY -2.0%p] HDEC (Incl. Construction Co.)
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169 286 233 293 132 86 534 665 '25.9M '26.9M HDEC HEC 11 Operating ProfitSG&A 404 421 417 443 838 878 '25.9M '26.9M HDEC HEC Others (3.6%) (4.5%) (2.3%) +4.8% (Unit: KRW Billion) ′25.9M ′26.9M +/- SG&A 838 878 +40 Labor Costs 404 452 +48 Bidding Costs 129 98 -31 Others 305 328 +23 +24.4% (3.4%) ※ HDEC includes Construction Entity Profitability ′26.9M Operating Profit : (Consol.) KRW 665 billion [83.1% of Annual Plan(800bil) Achieved] (Unit : KRW Billion)(Unit: KRW billion)
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Summary of Financial Statements Appendix
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(Unit : KRW Billion) 2026.9M 2025.9MYoY Revenue 19,364 -15.8% 23,003 Gross Profit 1,542 +12.4% 1,372 (Margin) 8.0% +2.0%p 6.0% SG&A Expense 878 +4.8% 838 Operating Profit 665 +24.4% 534 (Margin) 3.4% +1.1%p 2.3% Earnings before Tax 677 +38.3% 489 (Margin) 3.5% +1.4%p 2.1% Net Profit 410 +4.3% 393 (Margin) 2.1% +0.4%p 1.7% Net Profit to Owners of the Parent Company 328 +26.8% 259 (Margin) 1.7% +0.6%p 1.1% 13 Financial Statement(Consolidated) Income Statement(Cumulative)
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(Unit : KRW Billion) 2026.3Q 2025.3Q 2026.2QYoY QoQ Revenue 6,241 -20.3% -8.8% 7,827 6,842 Gross Profit 492 +26.1% -9.8% 390 545 (Margin) 7.9% +2.9%p -0.1%p 5.0% 8.0% SG&A Expenses 270 -5.7% -4.7% 286 283 Operating Profit 222 +114.2% -15.3% 104 262 (Margin) 3.6% +2.3%p -0.2%p 1.3% 3.8% Earnings before Tax 163 +94.2% -32.2% 84 240 (Margin) 2.6% +1.5%p -0.9%p 1.1% 3.5% Net Profit 46 -31.7% -70.5% 68 157 (Margin) 0.7% -0.2%p -1.6%p 0.9% 2.3% Net Profit to Owners of the Parent Company 38 -13.4% -67.6% 44 116 (Margin) 0.6% +0.0%p -1.1%p 0.6% 1.7% 14 Financial Statement(Consolidated) Income Statement(Quarter)
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(Unit : KRW Billion) 2026.9M 2025.FY변 동 Assets 27,281 -2.8% 28,059 Current Assets 20,494 -6.7% 21,958 Cash / Deposits 3,485 -32.7% 5,177 Account Receivables 6,588 -3.7% 6,842 Liabilities 16,348 -7.4% 17,660 Current Liabilities 13,463 -9.3% 14,843 Borrowing 4,516 +17.3% 3,851 Equity 10,933 +5.1% 10,399 D/E Ratio -20.3%p 169.8% ➔ 149.5% +4.3%p 147.9% ➔ 152.2% Current Ratio +3.0%p 37.1% ➔ 40.1% Equity Ratio 15 Financial Statement(Consolidated) Balance Sheet
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(Unit : KRW Billion) 2026.9M 2025.9M YoY Revenue 11,140 -10.1% 12,388 Gross Profit 691 +20.3% 575 (Margin) 6.2% -1.6%p 4.6% SG&A Expense 417 +3.8% 402 Operating Profit 274 +58.7% 172 (Margin) 2.5% +1.1%p 1.4% Earnings before Tax 420 +98.6% 212 (Margin) 3.8% +2.1%p 1.7% Net Profit 320 +77.3% 181 (Margin) 2.9% +1.4%p 1.5% 16 Financial Statement(Seperate) Income Statement(Cumulative)
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(Unit : KRW Billion) 2026.3Q 2025.3Q 2026.2Q YoY QoQ Revenue 3,609 -16.9% -7.9% 4,342 3,919 Gross Profit 238 +33.1% +21.0% 179 196 (Margin) 6.6% -2.5%p -1.6%p 4.1% 5.0% SG&A Expenses 144 +6.5% +44.9% 136 100 Operating Profit 93 +117.5% -3.6% 43 97 (Margin) 2.6% +1.6%p +0.1%p 1.0% 2.5% Earnings before Tax 90 +1.2% -32.4% 89 133 (Margin) 2.5% +0.5%p -0.9%p 2.0% 3.4% Net Profit 41 -49.0% -65.3% 80 117 (Margin) 1.1% -0.7%p -1.9%p 1.8% 3.0% 17 Financial Statement(Seperate) Income Statement(Quarter)
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(Unit : KRW Billion) 2026.9M 2025.FY변 동 Assets 19,056 +8.7% 17,538 Current Assets 12,507 -3.5% 12,965 Cash / Deposits 1,631 -45.0% 2,965 Account Receivables 4,238 +7.9% 3,928 Liabilities 9,818 -3.4% 10,165 Current Liabilities 7,618 -4.5% 7,978 Borrowing 2,488 +5.4% 2,361 Equity 9,238 +25.3% 7,373 D/E Ratio -31.6%p 137.9% ➔ 106.3% +1.7%p 162.5% ➔ 164.2% Current Ratio +6.5%p 42.0% ➔ 48.5% Equity Ratio 18 Financial Statement(Seperate) Balance Sheet
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