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Corporate Identity

Jan 12, 2016

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Corporate Identity. 주제품인 SSP(Stainless steel paper), PWP(Plug wrapping paper), ABP(Aluminum laminating base paper), RP(Release paper) 등 국내 M/S 1 위 석권 신규시장 개척을 위한 중국시장진출 ( 특수기능지 부분 해외진출 1 호 기업 ). 27 년간 친환경 특수지만을 연구 개발한 기업 제품고급화를 통한 환경 개선 강화 산학연구를 통한 친환경적 신제품 개발 - PowerPoint PPT Presentation

  • Corporate Identity 1 SSP(Stainless steel paper), PWP(Plug wrapping paper), ABP(Aluminum laminating base paper), RP(Release paper) M/S 1 ( 1 ) 27 ( ) 12.3 20 3 - 01~03 CAGR 8.3%, CAGR 67.9% 03 ROE 38.0%, ROA 25.1%, 15.7% portfolio

  • At a Glance ,

    1978 8 2152 (D21129), , 668-4 6/ 151-3103www.kukilpaper.co.kr

    / / // //

  • Market Positioning /

    Box()

  • Sales Breakdown () (03) ()(%) 03 438 3 8.3% SSP, PWP, ABP RP 12 03 44.2% 93.9, 21.4% CAGR 8.3%

  • Major Products

    SSPPWP / ABPRP(03) 7,000 14,000 KT&G 744 KT&G 22 22 : 3,000 : 5~6 , sheet , 2 Porosity

  • vs

  • SSP SSP (source : , 2004.6) SSP1,2707,9962,540)

  • SSP ()() 20% 03~10(E) 18.7% , 3 52.4% - ( ) : 03 6004(E) 90 - : 03 2604(E), 40 SSP 05 SSP 70.4% -> SSP 11.8% SSP SSP SSP (source : STS, )

  • PWP ABP KT&G ()9.2% PWP ABP () PWP ABP 03 KT&G 5,264 , 12.2% 04 KT&G 9.2% 04 PWP ABP (source : KT&G 2004.1H IR )(source : ) 144.781.7

  • know-how R&D 12.3 20

  • Market share(%)

    SSP

    ABP , ABP

    , PWP(source : )

  • SSPPWP, , , , B&G, ()KT&G, STMA(), TTM(),FTC() , , , , , (), , ,, (, , ), , ,, End User

  • portfolio portfolio

  • Vision Item R&D Vision * : , ,

  • : : : US 4,500 ( US 1,500, US 3,000) SSP , : SSP, PWP, : 109,737 M2, : 18,701 M2 : 21,200 ton/ (40gms ) : 2004 4/4

  • SWOT AnalysisSWtrengtheaknessTOpportunityhreat ( ) - SSP: , 98 - PWP : 99 - PWP : KT&G 1~2 - SSP : 07 28.5% - RP : ,

  • 337, 66 21,200 (, , , ) 05 336.8 05 82.1 24.4% 66.1 ()(source : )

  • / (TF Team) ( ) IT

  • Business Plan(Sales) () ()04-1H, 17.5%

    02-1H~04-1H 12.9% 04-1H 40.5 4.3% PWP (31.0% 25.9%) - PWP () : 04-1H 6,215 03 5,948 , 04(E) 6.5% (YoY)

    04(E) 7.5% 100.9 PWP (31.0%) 04-1H 04(E)

  • Business Plan(Earnings) ()04-1H, 19.0

    : - () : 04-1H 3,957 03 3,810 (ex, L.B.K.P) : 11.3 - 6.3, 2.2 : 04-1H 11.4 (03-1H 0) ,

    04(E) 94.1 2%, 20.2% 100% 05 () 04-1H 04(E)

  • ) 15,000 () ()

    FY02FY03FY04(E) ()50.050.072.0 ()1,000.01,000.01,440.0 ()1,000.01,000.01,119.7 ()3,3986,8905,667 ()14,56421,68830,578PER (x)4.42.22.6PBR (x)1.00.70.5EV/EBITDA(X)2.81.63.5

  • (X)200220032004(E)1.63.75.36.71.63.26.67.11.22.68.07.2

    (%)200220032004(E)ROEROA14.79.125.214.321.015.738.025.120.213.622.716.9

    (%,YoY)200220032004(E)EPS-0.30.539.05.317.768.2102.825.86.52.0-17.845.9

    (%)200220032004(E)177.766.922.7191.3166.741.011.0333.8323.030.39.0375.5

  • Investment HighlightsMarket Leader Biz Model 27 , Know-How Market Share 1 20 05(E) 337, 66 03 21.0%, 15.7%, ROE 38.0%, ROA 25.1% 03 68.2%, 102.8% portfolio Item Biz Model (, ) 10%

  • 50.0% 19.8%16.7%6.7% 6.8% ()(%)) 04(E) 10 ,

  • : 2004 10 6 : 2004 10 12 ~ 13 : 2004 10 19 : 2004 10 : 15,000 ~ 20,000 : 400,000 : 1,440,0005272 87.7% 8.6% 3.7% 63.3% 20.2% 8.2%() 8.3% () 1,440,000

    63.3%912,00028.2%118,000171.5%1,030,000

  • ,

    ()2001200220032004(E)120.3150.4128.6265.5110.492.7177.3180.8 7.07.299.3106.0 103.485.477.974.8230.7243.1305.8446.390.484.677.182.216.812.811.821.7107.297.488.9103.950.050.050.072.033.533.535.775.740.062.4131.3194.70.0-0.20.00.0123.6145.6216.9342.4 230.7243.1305.8446.3

    ()2001200220032004(E)373.6372.3438.2466.8 283.8282.2305.7328.089.890.0132.5138.835.335.240.344.854.554.892.294.15.08.512.23.626.512.36.77.633.051.097.790.133.051.097.790.1 8.617.028.826.6 24.434.068.963.5