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The Value is Yours CONTENTS

01 The Value is Yours

Company Overview 14 CEO’s Message 16 Vision 17 C&T Business Groups 18 Milestones 20 About Samsung

Business Overview 24 Global Business Sites The Value is Yours 26 Chemicals 28 At Samsung C&T, we are in the 30 Energy business of creating value. With 32 Materials eight decades of experience in 34 New Businesses connecting buyers and sellers 36 Environmental, Social, and Governance 40 Global Network around the globe, we have built the deep know-how, network, and relationships that now enable us to deliver greater value to our customers and partners in every deal and we make. For more information Visit trading.samsungcnt.com for more information about our company and businesses. You can also view a brief video introduction by scanning the QR code above with your mobile device. Trading & Investment

Samsung We C&T create value Corporation for your

Trading world 02 03

The Value is Yours & Investment Group Chemicals Steel Energy Materials New Businesses The Value is Yours Value thatcreates Trading &Investment Chemicals At Samsung C&T,Samsung At globally we from to mining.to fromsemiconductors such as polymers, methanol, and fertilizers fertilizers and methanol, polymers, as such every to value add that solutions and materials the supply source and meet the needs of industries ranging ranging industries of needs the meet as well as specialized chemicals that that chemicals specialized as well as and logistics infrastructure,our extensive global a network by life. Backed of aspect enables us to deliver key commodities commodities key deliver to us enables intelligence product and market 05 04 The Value is Yours Value that strengthens Trading &Investment Steel the world. Our partnerships with our own network of precision stainless precisionstainless of network own our enable us to deliver exceptional quality, exceptional deliver to us enable steel mills and centers service steel and worldwide steelmakers major hot rolled, and stainless steel that shape shape that steel rolled, stainless hot and service, and value to manufacturers manufacturers to value and service, around world. the At Samsung C&T,Samsung At globally we source and supply the cold rolled, cold the supply source and 06 07 The Value is Yours Value thatempowers Trading &Investment Energy At Samsung C&T,Samsung At globally we the operation of a gigawatt-class wind and and wind gigawatt-class a of operation the utilities around the world. We world. aroundthe utilities are solar power cluster in Canada and ongoing and Canada in cluster power solar energyfull linesource a of supply and natural gas and biofuels to power power to biofuels and gas natural liquid supply regions worldwide rich resource- in partnerships and network today’s meet that solutions and products also active in the renewables field through field renewables the in active also tomorrow’s and global Our energy needs. North America. North development of solar PV projects in in projects PV solar of development 08 09 The Value is Yours Value thattransforms Trading &Investment Materials At Samsung At C&T, createwe global We also help businesses utilize their their We utilize businesses help also value chains that enrich life. Our Our enrich life. that chains value cobalt that will anthat essentialcobalt play role in industry encompassesfrom everything fashion global the in involvement resourcestailored with moreeffectively tomorrow’s powering vehicles. electric raw materials and fabric to garments garments to fabric and materials raw and supply metals such as copper and and copper as such metals supply and We infrastructure. fashion and source IT equipment and materials materials and equipment IT chain solutions. management chain remarketing services and supply supply and services remarketing 10 11 The Value is Yours Trading &Investment for yourworld We create value At Samsung C&T,Samsung At are we what we do and how our our how and do we what value in chemicals, steel, steel, chemicals, in value markets. and customers your to value greater deliver you Read on to learn more about moreabout learn to on Read uniquely equipped to help help to equipped uniquely energy, new and materials, businesses for you. for businesses of frontiers new profitable proven globalexperience and expertise can open open can expertise and Creator Global Value Corporation, Samsung C&T valuefor our customers has made to createeven greatervalue for Over the pastyears, 80 our us a respected and valued partner partner valued and respected a us creating on focus unwavering innovativeways. new morecustomers in moreplaces in building on that solid foundation foundation solid that building on around Today,globe. the are we The Value is Yours of value innovation Celebrating eight decades CEO’s Message Chemicals Materials Energy Steel Samsung C&TCorporation Trading &InvestmentGroup President &CEO Jung SukKoh do thesameforyourcustomersandmarkets. talk withyousoonabouthowwecanhelp the globe.We lookforward totheopportunity day asweconnectbuyersandsellersaround capabilities, weare creating greater valueevery financing, marketintelligence,andlogistics worldwide. Backedbyworld-classmarketing, workforce ofmore than5,000in43countries materials, andnewbusinesseswithatalented specializing inchemicals,steel,energy, a trustedglobaltraderandsolutionsprovider We nowenterourninthdecadeinbusinessas markets around theglobe. create valueandsuccess innewfieldsand commitment toexcellencehasenabledus the eightdecadesthathavepassed,same of deliveringsuperiorqualityandvalue.Andin in thelocalmarketwithsimplephilosophy The fledglingbusinessquicklyfoundsuccess opened asmallstore inDaegu,SouthKorea. a youngentrepreneur namedByung-chulLee The SamsungC&Tstorybeganin1938when 15 14 Vision & Company Overview

Vision: Samsung C&T Business Groups Global Value Creator

Trading & Investment Group We are a global trader and solutions provider with 73 offices in 43 countries. Over the past eight decades, our single-minded focus on creating greater value for our customers has transformed us from the proprietor of a small local store to a valued global business partner.

Business Area Chemicals | Steel | Energy | Materials | New Businesses Create Focus on high-value-added the customer businesses and mission We aim to be a company that seizes global market & Group We are an elite, global builder with the skills, technology, and Ensure opportunities and creates experience to take on the world’s most challenging projects. Our transparency added value for our extensive portfolio includes major global landmarks such as the and fairness customers with unique, in Dubai, the world’s tallest building to date. 16 Practice Elevate differentiated services. autonomy 17 professionalism and and pride in Business Area

The Value is Yours responsibility work Building | Civil Infrastructure | Plant | Housing

Fashion Group We are a top South Korean fashion house with global ambitions. Beyond our extensive portfolio, we are making an impact Our Values Our Agenda Our Mission in the industry by sharing fashion and design trend research and creating opportunities that help aspiring young designers make their dreams come true.

Business Area SPA | Men’s Suits | Traditional Casual

“We Create Value” is our motto Resort Group We are in the business of creating environments that entertain Our goal is to create greater value for our customers, and delight. In addition to operating Resort—’s largest theme park—and five prestigious golf clubs, we employees, and communities by tapping the limitless provide landscaping design and management services for possibilities of imagination and entrepreneurism in residential and commercial properties nationwide, creating diverse fields and markets to make dreams come true. world-class places to relax, live, and work.

Business Area Theme Parks | Golf | Landscaping Milestones

At Samsung C&T, we have been creating a world of value for more than 80 years.

18 19 The Value is Yours Then & Now out Pull it

Our journey to create value began back in 1938 as Over the past 80 years, our commitment to delivering a local trader of produce, dried seafood, and value has helped us grow from a trusted local trader to noodles that we produced onsite. From those a respected global trader and solutions provider. Today, humble beginnings in , South Korea, we our 5,000-strong workforce spanning 43 countries steadily grew and prospered as we expanded our across the globe works around the clock to create product portfolio, delivering value that quickly greater value and prosperity for our customers and earned the trust of regional customers. partners. And the world. Milestones

1986 12 Won USD 88 mil order to supply 30,000 ton-class vessels to Malaysia 2000s~2020s 1987 01 Won USD 140 mil order to supply Aiming to be among 6 crude oil tankers to Kuwait the World’s Best National Oil Company 03 Won USD 65 mil order to supply 2003 09 Won order for e-government system At Samsung C&T, 1930s~1990s railway to Nigeria in the Philippines 1988 01 Won USD 25 mil Economic 2006 04 Signed agreement with the Pearl S. Accelerating Growth as South 1976 01 Won USD 101 mil contract for Development Cooperation Fund- Buck Foundation Korea to support we have been creating Korea’s No.1 Global Trader military uniforms from Saudi backed order for railway rolling children a world of value for 1938 03 Founded as Samsung Sanghoe in Arabia stock to Nigeria 2007 01 Supplied medical equipment to Daegu, South Korea 1978 01 Joined general development 08 Exported USD 31 mil spinning Panama more than 80 years. 1951 01 Incorporated as Samsung Mulsan projects in Ghana plant to Indonesia 2008 01 Acquired Japanese precision Co., Ltd. 08 Exported 12 hospital vessels to 12 Won USD 70 mil order for an stainless steel maker Myodo Metal 2017 10 Won order for the National 1953 09 Established Office Libya ethylene oxide/ethylene glycol 01 Acquired Malaysia Samsung Steel Children’s Medical Center in 1963 11 Established Hong Kong Office 1979 06 Completed construction of 6 liquid project in Indonesia Center in Malaysia Uzbekistan 1964 01 Established of Office chemical product storage tanks in 1991 09 Began imports of Malaysian 02 Opened POSS-SLPC steel service 2011 08 Signed 1st and 2nd phase power 2018 04 Completed construction of the 1966 08 Began export of sewn goods to , South Korea LNG, a first for a South Korean center in purchase agreements with the wind and solar power Nigeria 1981 07 Won USD 75 mil order for an oil company 04 Established Samsung Precision Ontario Power Authority in Canada cluster in Canada 1968 06 Won USD 6.14 mil order for 20 storage facility in Libya 1993 08 Won order for construction of the Stainless Steel (Pinghu) in 11 Completed construction of the 2019 05 Received RSPO certification for tuna fishing vessels from Taiwan 1982 03 Became first South Korean Zeskaskan hospital in Kazakhstan 04 Acquired two plantations Manzanillo LNG terminal in Indonesia palm plantations 18 1969 05 Exported military uniform fabric to company to issue corporate paper 1994 10 Won USD 225 mil order for and an covering 24,000 hectares in Indonesia 2013 12 Won order for the BHP Kelar 11 Won order for the construction of 19 Ethiopia (USD 25 mil) in the US ethylene plant project in Thailand 2009 05 Won order for 28 boarding bridges gas-fired combined-cycle power a children’s hospital in Pakistan 1972 11 Established Frankfurt Office 05 Won USD 50 mil contract for 1995 12 Merged with Samsung from the British Airports Authority project in Chile 2020 10 Announced exit from coal The Value is Yours Pull it out Pull it 1975 03 Signed contract for deferred construction of refinery plant in Construction Co., Ltd. 09 Signed agreement with Plan 2014 09 Named a member of the 2014 business payment export of 1,500 railway Libya 1996 08 Began construction of Springvale International to sponsor impoverished Dow Jones Sustainability Index 10 Received overall “A” grade in freight cars to New Zealand 1983 08 Won USD 27 mil order for 8 oil coal mine in Australia children around the world (DJSI) World Index ESG evaluation by KCGI for 5th Then & 05 Designated South Korea’s 1st storage tanks in Kuwait 1997 09 Acquired stainless steel maker 2010 01 Won order for the Ontario wind and 2015 08 Won order for the construction consecutive year Now general trading company 1984 01 Won USD 35 mil order to supply 8 Otelinox in Romania solar power cluster project in Canada of the National Diagnostic and 2021 02 Named Korea’s most respected 12 Launched initial public offering on drilling and supply to Indian 1998 12 Won order for 2nd Tema Oil 08 Won order for the Norte II combined- Treatment Center in Mongolia company by KMAC for the Korea Stock Exchange National Oil & Gas Company Refinery project in Ghana cycle power plant project in Mexico 09 Merged with 17th consecutive year

Our journey to create value began back in 1938 as Over the past 80 years, our commitment to delivering a local trader of produce, dried seafood, and value has helped us grow from a trusted local trader to noodles that we produced onsite. From those a respected global trader and solutions provider. Today, humble beginnings in Daegu, South Korea, we our 5,000-strong workforce spanning 45 countries steadily grew and prospered as we expanded our across the globe works around the clock to create product portfolio, delivering value that quickly greater value and prosperity for our customers and earned the trust of regional customers. partners. And the world. About Samsung

Ranked the world’s 5th most valuable brand in 2020 by Interbrand, Samsung Samsung is a proud global innovator and leader. Samsung is today South Korea’s largest multinational group of companies. Represented by Samsung C&T Corporation and a Companies host of other world-class affiliates, the Samsung The diversified portfolio of Samsung businesses spans a broad range business portfolio spans , of fields including electronics, , trade, engineering and semiconductors, financial services, trade, construction, fashion, leisure, , security, and healthcare. engineering and construction, leisure, advertising, biopharmaceuticals, and much more.

The Samsung story began with the founding of Samsung Sanghoe—the forerunner Electronics · of today’s Samsung C&T Corporation—back in 1938. In the early 1950s, the newly Industries renamed and incorporated Samsung Corporation entered the business of · Samsung SDI

international trade in earnest. Shortly after the , Cheil Jedang and Cheil · Samsung Electro-Mechanics Industries were founded to produce sugar and textiles, respectively, heralding the · Samsung SDS dawn of South Korea’s industrial modernization and the beginning of the end of the · Samsung Display nation’s reliance on imports for basic consumer goods.

Samsung entered the electronics business in the late 1960s, adding chemicals, Financial · Samsung Life 20 Services machinery, and semiconductors during the 1970s. In 1983, Samsung Electronics · Samsung Fire & Marine Insurance 21 developed the world’s first 64-kilobit DRAM chip, seizing the lead in the global · Samsung Securities The Value is Yours memory industry that it has yet to relinquish. During this period of expansion and · innovation, Samsung announced the “New Management” initiative in 1993. Focused on fundamental change and quality-driven management, the initiative laid the · Samsung Investment Trust Management foundation for Samsung’s ascent into the ranks of the world’s top conglomerates · Samsung Venture Investment over the rest of the decade. Other · Since the turn of the 21st century, Samsung has increasingly focused on the themes Fields · The Shilla Hotels & Resorts of sustainability and social responsibility. The Samsung mission statement declares, “We will devote our human resources and technology to create superior products · and services, thereby contributing to a better global society.” As this multinational · S1 Corporation family of blue-chip companies lives this mission 24/7 around the globe with a shared · aspiration to be the world’s best in their respective businesses, Samsung is delivering an expanding world of value that knows no borders. At Samsung C&T, we are in the business of helping businesses create greater value around the world. Our broad portfolio of services encompasses trade and solutions in the fields of chemicals, steel, energy, materials, and new businesses.

How we create value The Value is Yours Global BusinessSites even greater valuetoourcustomers. operations around theworldfocusedondelivering 43 countries,weoverseeagrowing portfolioof Beyond ourglobalnetworkofmore than73offices in plant industries. automobile andpower products forregional precision stainlesssteel produces high-quality Our Otelinoxsubsidiary Targoviste, Romania glue makers. major localcoatingand chemical products to demand deliveryofkey coast provides on- on thecountry’s southern Our tankterminalfacility Yeosu, SouthKorea for EastAsianmarkets. Sumatra produce crudepalmoil 24,000 hectares ontheisland of Our twopalmplantationscovering Pekanbaru, Indonesia industry. bring thelatestinnovationsto partnerships andvaluechainsto materials. We are buildingnew chemicalsand ways bymodern Life isenrichedincountless Chemicals province in2018. spanning 10sitesacross the and windpowergenerationcluster We completeda1,369MWsolar Ontario, Canada country’s most-used LNGterminal. capacity thathasbecomethe 3.72 milliontonannualregasification Terminal in2011,afacilitywith We completedtheManzanilloLNG Manzanillo, Mexico service centers. own networkofmillsandsteel with globalsteelmakersandour worldwide through partnerships stainless steeltocustomers deliver high-qualitycarbonand made stronger bysteel.We Virtually everyaspectoflifeis Steel energy sources. conventional andrenewable energy mixwithboth power utilitiesdiversifytheir provider dedicatedtohelping growth. We are afull-lineenergy affordable energy todrive economiesdependon Modern Energy global marketplace. succeedinthe help up-and-comingfashion business supportsolutions Our comprehensive fashion New York, USA our customers. quality, selection,andvalueto value chainstodelivergreater We focusonintegratingthose the products consumerswant. efficient valuechainstodeliver Today’s marketsdependon Materials 25 24 The Value is Yours Chemicals worldwide. general chemicalstocustomers and supplymethanolother infrastructure enablesustosource Our storageandlogistics Methanol one ofAsia’s topregional traders. logistics infrastructure makesus with ourglobalnetworkand chemicals valuechaincombined and servicesspanningtheentire comprehensive rangeofproducts company in1975.Today our designated generaltrading South Korea’s firstgovernment- our businesssincewebecame trading hasbeenacore partof At SamsungC&T, chemicals Business Overview part of modern products.part ofmodern deliver thepolymersthatare anessential We partnerwithmajorglobalsuppliersto Synthetic resins (Polymerresins) crop yieldsandquality. customers around theglobemaximize crop, season,andregion, helping an optimalproduct portfoliotailored by sales toagrowing listofmarketswith the years,wehavesteadilyexpanded markets backinthemid1970s.Over We beganexportingfertilizertoglobal Fertilizers the globe. customers inover50countriesaround we servemore than500active commodities toengineeringplasticsas customer requirements from global petrochemical supplierstomeet industry leader, partneringwithmajor than 30yearsago.Today, weare an We begantradinginpolymersmore Polymers American markets. trader servingtheAsianandNorth aromatics, weare anemerging top around theglobe.Focusingon Tokyo, andothermajormarkets offices inShanghai,Taipei, Houston, refiners andchemicalfirmsthrough business allianceswithmajorglobal products since1989,building We havetradedinpetrochemical Petrochemicals customers worldwide. portfolio ofgeneralchemicalsto supply methanolandadiverse development, wetodaysource and partner inSouthKorea’s industrial accumulated know-howgainedasa infrastructure, andextensive our ownglobalnetwork,logistics chemicals inthe1970s.Backedby We begantradingingeneral General Chemicals customer-tailored midstream services. term sourcing agreements and mining chemicalsbackedbylong- emerging asaglobaltopplayerin polyurethane materials.Today, weare areas suchasminingchemicalsand our product portfoliotospecialized beginning, wehavesteadilyexpanded since thelate1980s.From the We havetradedinfinechemicals Fine Chemicals 26 27 The Value is Yours Steel customers inkeyregional markets. to betterservetheneedsof steel millsandservicecenters includes severalprecision stainless stainless steel,ourvaluechainalso produced from bothcarbonand rolled flatandlongproducts Focusing ontradeinhotandcold and homeapplianceindustries. automobile, consumerelectronics, world’s ,construction, products tomeettheneedsof and deliverhigh-qualitysteel major globalsteelmakerstosource At SamsungC&T, weworkwith Business Overview customers. bring greater qualityandvaluetoour processing sitesaround theworldto also operateseveralproduction and products, andenergy systems.We as automobiles,electricandelectronic in variousindustrialapplicationssuch Our stainlesssteelproducts are used automobiles andhomeelectronics. cold rolled products are foundin used tobuildshipsandbuildings.Our worldwide. Ourhot rolled products are products toindustriesandcustomers We supplythefullspectrumofsteel Steel Trading manufacturers inthosemarkets. processing needsofautomakersandother and Malaysiameetthesteellogistics Our steelservicecentersinMexico,Slovokia, Cold rolled steel industries. auto, electronics, andothervalue-added precision stainlesssteelproducts forregional Our rolling millsinRomaniaandChinadeliver Stainless steel and costleadership. continuous R&Dfocusedonquality the fieldandacommitmentto backed byourextensiveexperiencein stainless steelproducts andservice delivered world-classprecision production in2010,thecompanyhas Since launchingcommercial high-quality stainlesssteelannually. of processing 15,000metrictonsof (Pinghu) inPinghu,Chinaiscapable Samsung Precision StainlessSteel facilities, Equipped withmodern (Pinghu) Samsung Precision StainlessSteel marketplace. high-precision stainlesssteel pledge tobeatopglobalplayerinthe company continuestodeliveronits total customersatisfaction.Today, the and servicefocusedondelivering board upgradeoflogistics,quality, products aswellanacross-the- addition ofhigh-qualityprecision past twodecadeshasbeenthe company’s growing successoverthe steel products. Thekeytothe with standard andprecision stainless automobile andpowerplantindustries 74,000 metrictonstoservethe boosted totalproduction capacityto added tworolling millsthathave steel makerOtelinoxin1997,wehave in Romanianstate-ownedstainless Since acquiringacontrolling interest Otelinox capacity of125,000metrictons. markets withanannualprocessing Mexico andotherLatinAmerican currently servicescustomersin operations in2011.Thecompany Queretaro, Mexicolaunched Queretaro SamsungSteelCenterin with acapacityof70,000metrictons. neighboring SoutheastAsianmarkets customers inMalaysiaand 2008. Thecompanynowserves Selangor, Malaysiawasacquired in Malaysia SamsungSteelCenterin 60,000 metrictons. Central withacapacityof and automobilemanufacturers across meets thesteelneedsofelectronics launched operationsin2008.Today, it Posco inVoderady, Slovokia, POSS-SLPC, ajoint-venture with manufacturers. logistics servicestolocal customized processing, storage,and markets around theglobetoprovide network ofsteelservicecentersinkey trading services,weoperatea In additiontoourtraditionalmetal Steel ServiceCenters 29 28 The Value is Yours Energy wind andsolarprojects. through ourinvolvementinmajor development natural gasandbiofuelsaswell energy provider dealinginliquid infrastructure, weare afull-line power plantsandotherenergy consortiums tobuildindependent participation innumerous world’s energy needs.Beyondour solutions tohelpsatisfythe supply ofnaturalresources and develop, anddeliverasustainable around theglobetosource, At SamsungC&T, wepartner Business Overview Northeast Asia. customers in PKS biomassfor plantations produce Indonesian palm palm oil,our In additiontocrude Palm fruit clusters inOntario,Canada. largest windandsolar developing oneoftheworld’s and expertisegainedin resources usingexperience their solarandwind tap theunlimitedpotentialof We helputilitiesworldwide Renewable energy of theirrenewable resources. enable customers totakefulladvantage we continuetodeliversolutions that the UnitedStatesoverpast decade as a numberofsolarprojects inEurope and our investment.We havealsocompleted generating asteadylong-termreturn on comprising 805MWoftheproject, 2018. We are currently operatingsites commercial operationasofthefirsthalf MW ofwindand300solarwasin 1,369 MWproject encompassing1,069 in2013andtheentirebegan inearnest of windandsolarpower. Construction Ontario tobuildtheworld’s largest cluster agreement withtheCanadianprovince of in2010whenwesignedan earnest We entered thegreen energy businessin Renewable Energy Kelar gas-fired combined-cyclepowerplant 2016. cycle powerplantinChilecompleted the 517MWKelargas-fired combined- plant inMexicocompleted2013and Norte IIgas-fired combined-cyclepower Latin America.Theseincludethe433MW build-own-operate consortiumprojects in In recent years,wehaveexecutedseveral virtually anywhere intheworld. technically challengingplantprojects capabilities totakeonthelargest, most have theEPCmanagementandexecution our Engineering&ConstructionGroup, we projects around theglobe.Partneringwith experience withindependentpowerplant capabilities through decadesof project organizing andfinancing We havedevelopedandproven our Power &Energy completed in2020. infrastructure. Thefacilitywas subsea pipelineandonshore metric tonsannually, andtherelated module capableofhanding8million floating storageunit,aregasification 174,000 cubicmetersofLNGona offshore LNGterminalcapableofstoring project inBahrain2015tobuildan consortium build-own-operate-transfer Most recently, wewonanother capacity of3.72millionmetrictons. storage andanannualregasification 2012 with300,000cubicmetersofLNG onshore facilityentered operationin LNG Terminal project inMexico.The consortium thatwontheManzanillo chain. In2008,wewere partofa cover allaspectsoftheLNGvalue strategically expandedourexpertiseto Over thepastdecade,wehave resource fortheSouthKorean market. additional sources ofthiscleanenergy Qatar duringthe1990s,securing liquefaction plantprojects inOmanand made equityinvestmentsinnaturalgas metric tonsofLNGannually. We also supply contractstotaling3.5million partnership currently manageslong-term agenttoSouthKorea. This in 1993,becomingtheexclusive marketing agreement withMalaysiaLNG we signedourfirstserviceand launch ofimportsfrom Malaysiain1991, largest LNGimporters.Followingour Gas Corporation,oneoftheworld’s We supplyLNGfrom MalaysiatoKorea LNG and environmental benefits. power plants,providing bothfinancial for orco-fired withcoalinthermal due totheirabilitybesubstituted these products continuestogrowth and SouthKorea. Demandforbothof America topowerutilitiesinJapan Southeast Asia,Russia,andNorth and woodpelletssourced from Indonesian palmplantationoperations shells (PKS)sourced from our biomass field,supplyingpalmkernel We are alsoactivelyinvolved inthe from cookingoiltobiofuels. used inawidevarietyofproducts crude palmoil,aversatilerawmaterial more than100,000metrictonsof operations are capableofproducing Indonesia. Acquired in2008,these 24,000 hectares inSumatra, two palmplantationsencompassing South Korea. We ownandoperate oil tomajorcustomersinChinaand We produce andsupplyrefined palm Agricultural Commodities in overseasprojects. contracts andequityinvestments needs through long-term supply We helpmeetKorea’s LNG LNG 30 31 Business Overview

Textiles Mining Consumables & Services Industrial Equipment & We source synthetic yarn and raw We serve the Asian mining industry, Components Materials materials produced in China and other providing one-stop sourcing and We provide supply chain management parts of Asia for markets worldwide. technical support solutions for off-the- services for plant Since we began trading in textiles back road tires and conveyor belts to hook-up components to help fab in the 1970s, we have strategically companies operating in major mining operators keep their facilities running expanded our role across the industry regions such as Mongolia and optimally. We also connect equipment At Samsung C&T, we build global value chain by acquiring a wealth of Kazakhstan. sellers and buyers in the high-tech partnerships and value chains to expertise in raw material production, semiconductor and display industries fabric printing, garment production, and Copper to remarket idle equipment and deliver essential materials and fashion business support services. We source copper concentrate and facilities. Our total sales solutions solutions to a wide spectrum of electrolytic copper from markets such encompass equipment disassembly, industries. Our extensive global Fashion Business Solutions as Canada, Mexico, Bolivia, Chile, and packaging, shipping, and delivery to expertise across the textile value We partner with small and medium-size the Democratic Republic of Congo to provide greater value for all parties. chain makes us a valuable partner fashion brands around the world to help meet the needs of leading to both garment producers and them take their businesses to the next manufacturers in China, South Korea, Precision Materials level. Our comprehensive business and Southeast Asia. We help South Korean manufacturers fashion brands. We source key Copper support solutions include , source electronic materials and minerals and rare and precious We provide refined logistics, inventory management, and Rare & Precious Metals components from suppliers copper and copper metals from around the world. And accounting services to help up-and- We trade rare metals such as nickel worldwide. We also offer value-added concentrate to Asian we provide key materials, manufacturers. coming brands succeed in the fast- and cobalt as well as precious metals recycling services to help 32 components, equipment, and moving global fashion marketplace. such as gold, silver, and platinum manufacturers around the globe safely 33 recycling services to high-tech group metals. Today, we are and ecologically dispose of electronic Consumable Goods leveraging our existing sourcing materials and components used in The Value is Yours industries We partner with global suppliers to network as well as developing new production. deliver a quality lineup of Samsung- sources to meet rapidly growing brand accessories to demand for rechargeable battery Advanced Materials customers worldwide through materials such as cobalt, nickel, and We ensure major semiconductor fabs Samsung’s global channels. We lithium. in South Korea and across Asia have also develop and supply our branded a stable supply of photoresists, mobile accessories worldwide through ultra-high purity surfuric acid, and major global retail channels. other advanced chemicals by Additionally, we partner with top-tier investing in local paper manufacturers in China and subsidiaries and providing logistics Indonesia to offer our branded and marketing services. We also serve photocopy and printing paper to the renewable energy sector, companies and consumers through a partnering with local specialists to Textiles variety of channels in both South Korea deliver energy storage systems (ESS) We secure quality fabrics and other and Southeast Asian markets. to improve the efficiency of solar PV textiles for customers worldwide. plants as well as sourcing and Industrial equipment Rare metals We provide turn-key We supply cobalt and other rare metals to supplying key solar components such equipment solutions for manufacturers around the globe. as modules and cells. semiconductor, display, and mobile device manufacturers. The Value is Yours Businesses New sustainable businessportfolio. landscape aswebuilda reshaping thebusiness in fieldswhere megatrends are partnerships andopportunities now activelydevelopingnew logistics capabilities,weare market intelligence,and organizing, marketing,finance, Building onourworld-class growth inthecomingyears. enter entirely newonestodrive grow existingbusinessesand work identifyingopportunitiesto At SamsungC&T, weare hard at Business Overview will grow ourgreen businessportfolio. create newproducts andservicesthat spectrum ofindustriesaswestrive to business partnersfrom abroad deepen ourcollaborativetieswith and workforce willenableusto and mobility. Here, ourglobalnetwork ecommerce, thehydrogen economy, market trends infieldssuchasB2B today's rapidtechnicaladvancesand new businessmodelsthatleverage global scale,weare nowdeveloping trends earlyandthenexecutingona being abletoseechangingbusiness As acompanythatcreates valueby we are wellpositionedtobenefitfrom. range ofbusinessopportunitiesthat mobility ecosystemspresent awide The emerging digital,green, and Emerging Ecosystems manufacturers. from rechargeable battery recycling tomeetgrowing demand cobalt recovered duringEVbattery sourcing networktosupplynickeland we willbeleveragingourglobal materials fieldtoourportfolio.Here, the fast-growing rechargeable battery market. We are alsolooking toadd America withafocusontheUSsolar renewable energy projects inNorth Canada, weare nowpursuingnew wind andsolarclustersinOntario, developing oneoftheworld'slargest experience andexpertisegained green economy. Buildingon play importantroles intomorrow's to expandourfocusonfieldsthatwill growth gainmomentum,wecontinue As globalcommitmentstolow-carbon Maturing Industries 35 34 The Value is Yours Environmental, Social,andGovernance Participating inglobalefforts tocombatclimatechange for ashared future Shared values three broad areas. more sustainablefuture focusonthefollowing our valuechains.Ourefforts tohelpcreate a our commitmenttosocialresponsibility across global response toclimate changeandredouble our ESGstrategytothenextlevelaswejoin At SamsungC&T, weare committedtoelevating management missionacross allfacetsofouroperations. role oftheESGCommittee soitcaneffectively carryoutitsESGmonitoringandrisk trade, financeandaccounting, management. We willcontinuetostrengthen the ESG Committeecomposedofindependentdirectors withbackgrounds inlabor, fair In 2020,weimplementedmeasures establishingthe toenhancecorporategovernance, Implementing aboard-centric ESGmanagementframework around theglobe. we are activelypartneringwithlocalcommunitiestomakeadifference incountries ensure workplacesafetyandhealthforouremployeespartners.Lastbutnotleast, all supplychainstakeholders.We are alsoputtingsafety first,redoubling efforts to Our ESGreview systemmonitorsourworkplacesandpartnerstoprotect therightsof Working toensure happier, saferemployees,partners,andcommunities energy. steadily expandourgreen product andserviceportfoliowithafocusonrenewable In October2020,weannouncedourexitfrom thecoalbusiness.We continueto 36 37 The Value is Yours wherever wedobusiness. impact communitiesforgood and welfare organizations to with localfirms,governments, and theenvironment, partnering on youth,localcommunityneeds, programs andinitiativesfocused development through avarietyof We fostersustainablesocial Environmental, Social,andGovernance our communities Serving school andstudentsatisfactionwiththenewprogram. answer studentquestionsandtakefeedbackvialivechat,furtherenhancingboth participation. Anassistantinstructorwasalsoavailableonlineduringeachlessonto All lessonswere streamed liveduringaregular classperiodtofacilitatestudent address thegrowing lackofeducationalresources availabletoKorea's ruralschools. curriculum onshortnotice,wefelttheinvestmentandeffort wasworthittohelp online. Despitethechallengeoftransitioningfrom ateam-basedtoindividual-based In 2020,theCovid-19pandemicnecessitatedthatallacademyprograms berun inspired bythevarietyoffieldsourfourbusinessgroups are involvedin. future career path.Theprograms feature tasks challengingactivity-basedlearning help giveKorean teensattendingruralmiddleschoolsaheadstartondecidingtheir Our JuniorC&TAcademycreates andoperateseducationalprograms designedto Junior C&TAcademy create sustainablevalue. as wepursueourmissionto wide spectrumofstakeholders We are activelyengagingwitha sustainable value Pursuing

by KoreaService(KCGS)since2016. CorporateGovernance efforts usanoverallESGscore haveearned of“A”inannualassessmentsconducted Finally andequallysignificant,ourenvironmental, social,andcorporategovernance 2016 andtheHallofFamePlatinumClubsince2019. Disclosure Project, whichhasnamedusamemberoftheCDPHallFamesince since 2012.Theseeffortsusrecognition haveearned from CDP, formerlytheCarbon As partofourclimatechangeresponse, wehavedisclosedourcarbonemissions World Indexsince2017. that oursustainabilityeffortsusaplaceontheDowJonesSustainability haveearned sustainable principlesandpracticesacross ourorganization. We are particularlyproud Over thepastdecade,wehavemadesignificantprogress indeeplyintegrating Sustainable ManagementRecognition 38 39 Global Network

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Tel: 66-2-264-0527 Tel: 1-905-501-5654 Tel: 1-323-374-6300 Ground Floor, Wing A, West End Towers, Torun Center, Kat:14 D-Blok, 34394, Office No. 204, A2 Bonded Warehouse, PT. Gandaerah Hendana, PT. Inecda, MUMBAI Waiyaki Way, Nairobi, Kenya (P.O. Box Büyükdere Cad. No. 74 Mecidiyeköy, CBZ, 1390 Zonger Road, High-tech Zone, Mega Asri Green Office, Block B2-8, Jl. Vietnam Samsung C&T Corporation India Pvt. Chile Flowfy Commerce Service, LLC. 1750-00600) Istanbul, Turkey Xi’an City, Shaanxi Province, China Arifin Ahmad, Pekanbaru, Riau, Indonesia HANOI Ltd. Mumbai Office SANTIAGO 5601 E. 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The Value is Yours Office Romania Media City, P.O. Box 4246, Dubai, UAE Tel: 852-2862-6013 Mega Asri Green Office, Block B2-8, Jl. Samsung C&T Corporation India Pvt. Colombia 2050 W Sam Houston Parkway South, Tel: 40-245-209-103 Tel: 971-4-270-7101 Arifin Ahmad, Pekanbaru, Riau, Indonesia HO CHI MINH Ltd. Pune Office BOGOTA Suite 1720, Houston, TX 77042, USA PINGHU Tel: 62-761-859-774 Samsung C&T Corporation Ho Chi Minh 708, 7th Floor, East Court, Phoenix Samsung C&T America Inc., Bogota Tel: 1-713-554-7989 Russia UK Samsung Precision Stainless Steel Office Market City, Viman Nagar Pune Office MOSCOW LONDON (Pinghu) Co., Ltd. S&G Biofuel Pte. Ltd. - PT. Inecda L12A-16 Vincom Center, 72 Le Thanh Ton Maharashtra-411014, India Carrera 7 No. 113-43, Oficina 1107 Torre MIDLAND Samsung C&T Deutschland Gmbh Samsung C&T U.K. Ltd. 2318, Xinming Road, Pinghu City, PT. Gandaerah Hendana, PT. Inecda, & 45A Ly Tu Trong, District 1, Ho Chi Minh Tel: 91-20-6689-0101 Samsung, Bogota, Colombia Samsung C&T Oil & Gas Parallel Moscow Office Samsung House, 3 Riverbank Way, Great Zheijang, China (314200) Mega Asri Green Office, Block B2-8, Jl. City, Vietnam Tel: 57-1-703-6855 Corp. 125009, 5th Floor, Vozdvizhenka 10, West Road, Brentford, London, Tw8 9Re, Tel: 86-573-8507-7660 Arifin Ahmad, Pekanbaru, Riau, Indonesia Tel: 84-8-3823-1135 Bangladesh 1004 Big Spring Street, Midland, Moscow, Russia UK Tel: 62-761-859-774 DHAKA México TX 79701, USA Tel: 7-495-797-2535 Tel: 44-20-8232-3200 Mongolia DONG NAI Samsung C&T Corporation Bangladesh MÉXICO CITY Tel: 1-432-688-3623 ULAANBAATAR Malaysia Samsung Chemical Technology Vina Branch Office Samsung C&T America, Inc. Oficina de Saudi Arabia Ukraine Erdsam International Co., Ltd. KUALA LUMPUR LLC. ANZ Haq Eleven Square, 5th Floor, Plot Representacion en México RIYADH KIEV Unit 604, Central Tower Office Building, Samsung C&T Malaysia Sdn. Bhd. Land Plot No. 10 on Road No. 3, Go 01, Road 11, Block-H, Banani, Dhaka, Av. Mariano Escobedo No. 476, Piso 10, Samsung C&T Corporation Riyadh Office Samsung C&T Deutschland Gmbh Kiev Sukhbaatar Square 2, 14200, 8th Khoroo, Suite W-08-02, Level 8, West Wing, The Dau Industrial Zone, Phuoc Thai Village, Bangladesh Oficina 1001, Colonia Nueva Anzures, EUROPE, AFRICA & MIDDLE Al-Mashal Building, 2nd Floor, Office #2, Office Sukhbaatar District, Ulaanbaatar City, Icon, No. 1, Jalan 1/68f, Jalan Tun Razak, Long Thanh District, Dong Nai Province, Tel: 88-017-9010-5993 México D.F., C.P. 11590, México EAST King Fadh Road, Block No. 425, P.O. Box 57, Ul. Lva Tolstogo, 101 Tower, Floor 23, Mongolia 55000 Kuala Lumpur, Malaysia Vietnam Tel: 52-55-4162-2000 69635, Riyadh 11557, Saudi Arabia Kiev 01034, Ukraine Tel: 976-11-314-564 Tel: 60-3-2161-5133 Tel: 84-61-355-1829 Europe, Africa & Middle East Regional Tel: 966-11-462-7641 Tel: 38-044-390-5335 MANZANILLO Headquarters Taiwan KLANG PHU MY Terminal KMS de GNL, S. de R.L. de C.V. Am Kronberger Hang 6, 65824, JEDDAH Uzbekistan TAIPEI MSSC Sdn. Bhd. VSSC Steel Center LLC. Carretera Campos Cuyutlan 7Km. Schwalbach Am Taunus, Germany Samsung C&T Corporation Jeddah TASHKENT Samsung C&T Taiwan Corporation Pt 17244, 4th Mill, Jalan Sekolah Off Jalan N7 Phy My 2 Industrial Zone, Manzanillo Colima, C.P. 28809, México Tel: 49-6196-66-5500 Office Samsung C&T Deutschland Gmbh Room 2203, International Trade Building, Kapar, 42100 Rantau Panjang, Klang, Ba Ria-Vung Tau Province, Vietnam Tel: 52-314-331-3400 (1700) P.O. Box 9484-21413, Ali Reza Tower, 11th Tashkent Office No. 333, Keelung Road, Sec. 1, Taipei 110, Selangor, Malaysia Tel: 84-8-9646-0800 Egypt Floor, Madinah Road, Sharafiyah, Jeddah, 11th Floor, Block A, 107-B, Amir Timur Taiwan Tel: 60-3-3291-4342 QEURETARO CAIRO Saudi Arabia Ave., Tashkent, 100084, Uzbekistan Tel: 886-2-2728-8510 QSSC S.A. de C.V. Samsung C&T Corporation Cairo Office Tel: 966-12-653-4848 Tel: 998-71-238-9432 Myanmar Av. Industria de la Construcción 632, 67, 90th Street, The Address Building, New YANGON Parque Industrial Querétaro, Querétaro, Cairo, Cairo, Egypt Senegal Samsung C&T Corporation Yangon Qro. C.P. 76220, México Tel: 20-2-2537-1077 DAKAR Office Tel: 52-442-101-4902 Samsung C&T Dakar Office New Excellent Condominium, Room No. Germany 2 Voies De Sipres En Face Du Samu 5C, No. 46, Pantra Road, Dagon Township, FRANKFURT Municipal, Immeuble Soda Marieme, 2ème Yangon, Myanmar Samsung C&T Deutschland Gmbh étage, Porte Gauche, Senegal Tel: 95-1-378-505 Am Kronberger Hang 6, 65824, Tel: 221-33-867-88-40 Schwalbach Am Taunus, Germany Tel: 49-6196-66-5500 The Value is Yours

Thank you again for your interest interest your for again you Thank We lookforward to the Make thevalueyours value energy,in chemicals,value steel, for your customers and markets. and customers your for open profitable new frontiers of of frontiers new profitable open opportunity talk to withyou soon in Samsung C&T.Samsung in materials, and new businesses businesses new and materials, and explore how we can together together can we explore how and Published by Samsung C&T Corporation | Produced by MM Partners | Created by Fong Forest | Photographed by SustainWorks | Written by Kevin Newhart | Printed by Shinyoung by Printed | Newhart Kevin by Written | SustainWorks by Photographed | Forest Fong by Created | Partners MM by Produced | Corporation C&T Samsung by Published www.samsungcnt.com

Financial Statements

Financial Position 1 USD thousands

2020 2019

Total assets 49,937,261 42,192,570 Current assets 11,857,131 10,803,028 Cash and cash equivalents 2,208,149 2,485,670 Trade and other receivables 4,667,729 4,016,299 Inventories 1,855,940 1,743,917 Non-current assets 38,080,130 31,389,542 Property, plant and equipment 4,458,880 4,527,600

Total liabilities 19,656,487 17,659,394 Current liabilities 10,007,775 10,045,366 Account payable - trade 1,839,294 1,432,067 Short-term borrowings 1,304,746 1,771,353 Non-current bonds payable & longterm borrowings 650,198 722,227 Accounts payable 685,835 690,758 Non-current liabilities 9,648,712 7,614,028 Bonds payable & longterm borrowings 936,296 647,349

Total shareholders’ equity 30,280,774 24,533,177 Share capital 17,327 17,584

Key Ratios

2020 2019

ROA 2.32% 2.37% ROE 3.81% 4.77% Net income/Revenue 3.84% 3.41% Current ratio 118.48% 107.54% Liability/Equity 64.91% 71.98% Debt/Equity 9.55% 12.80% Net debt/Equity -1.24% 0.19%

* Based on K-IFRS consolidated financial statements 1 USD figures are based on the KRW-USD exchange rate of 1,088.00 as of Dec. 31, 2020.

Financial Statements

Income Statement 2 USD thousands

2020 2019

Revenue 25,605,795 26,067,964 Gross profit 2,851,9861 3,222,600 Operating profit 726,308 734,520 Profit before income tax 1,241,604 1,293,642 Net profit 983,5615 888,005

Revenue by Group Engineering & Construction 9,916,492 9,874,492 Trading & Investment 11,229,679 11,746,673 Fashion 1,309,700 1,467,857 Resort 2,163,824 2,384,399 BIO (L) 986,100 594,544

Operating profit by Group Engineering & Construction 450,243 457,305 Trading & Investment 79,226 90,000 Fashion (30,240) 27,371 Resort 17,722 120,856 BIO (L) 209,357 38,988

Operating margin by Group Engineering & Construction 4.5% 4.6% Trading & Investment 0.7% 0.8% Fashion -2.3% 1.8% Resort 0.8% 5.1% BIO (L) 21.2% 6.6%

Cash Flows 3 USD thousands

2020 2019

Cash at the beginning of the period 2,485,670 2,668,693 Cash flows from operating activities 1,165,346 708,501 Cash flows from investing activities -779,738 558,033 Cash flows from financing activities -566,454 -1,481,944 Net increase/decrease in cash -180,846 -215,409 Cash at the end of the period 2,208,149 2,485,670

* Based on K-IFRS consolidated financial statements 2 USD figures are based on the average 2020 KRW-USD exchange rate of 1,180.05.

3 USD figures are based on the KRW-USD exchange rate of 1,088.00 as of Dec. 31, 2020. Samsung C&T Corporation 123, Olympic-ro 35-gil, Songpa-gu, Seoul, 05510, Republic of Korea Tel. 82-2-2145-2114 Fax. 82-2-2145-3114 www.samsungcnt.com