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Doosan Infracore Profile CONTENTS Doosan Infracore is enhancing our global standing as a world-class 04~05 machinery company while boosting the pride of our stakeholders, Doosan Group customers, and employees through products and services that History meet our customers’ values. We are on our way to realizing Affiliates Financial Highlights mankind’s aspirations as we drive the future of Industry 4.0 Sponsorship under our corporate slogan of ‘Powered by Innovation.’ 06~09 Doosan Infracore History Vision & Slogan Company Profile Financial Highlights Global Network 10~17 Business Overview Business Area Customer Value Future Innovation 18~21 Sustainability Management Communities Environment, Health & Safety Suppliers Doosan Infracore is enhancing our global standing as a world-class machinery company while boosting the pride of our stakeholders, customers, and employees through products and services that Innovation is Doosan Infracore’s core value meet our customers’ values. We are on our way to realizing for shaping the future. mankind’s aspirations as we drive the future of Industry 4.0 Doosan Infracore’s corporate slogan, ‘Powered under our corporate slogan of ‘Powered by Innovation.’ by Innovation’ represents our belief that our core competency for building up the foundations of the world comes from ‘innovation.’ It implies that Doosan Infracore is shaping the future of the machinery industry through ceaseless research and innovation while contributing to realizing the dream of humanity. DOOSAN GROUP Financial Highlights Sponsorship As the first modern enterprise in Korea, Doosan is striving to build a better tomorrow for all people Thanks to the changes in its portfolio, Doosan has achieved Doosan actively promotes its brand worldwide through sports around the world while coping rapidly with changes in the global business environment. remarkable growth. Its sales grew from KRW 3.40 trillion in 2000 marketing and various types of sponsorship. to 18.17 trillion in 2018, showing an average annual growth rate of 10 percent. The OPEN Launched in 1860, The Open Championship Founded in 1896 as the Park Seung-Jik Store, Doosan has undergone constant changes and growth over a Sales is the oldest golf tournament in the world, History century. Doosan began to make a revolutionary shift in its business portfolio from consumer goods – including (Unit: KRW trillion) and it is considered as the top major beer and beverages – to industries with greater growth potential. Since then, Doosan has successfully merged 18.17 tournament among the world’s four major golf and acquired Doosan Heavy Industries & Construction (formerly Korea Heavy Industries and Construction), 16.91 championships. Doosan has been the Official Doosan Engineering & Construction (formerly Korea Industrial Development), Doosan Infracore (formerly 15.78 Patron of the championship since 2010. Daewoo Heavy Industries & Machinery), and Bobcat. In this way, Doosan has expanded its business portfolio to include construction machinery, energy, and production facilities. In addition to expanding the scope of its business by incorporating digital technologies into traditional industries, Doosan is establishing a new territory Major League Doosan is an official sponsor of Major for the manufacturing sector through digital transformation. Baseball League Baseball (MLB) of the USA. In addition to the regular season, Doosan Doosan is making efforts to improve the foundation for human life. Doosan can be found in various fields, implements its marketing program all Affiliates ranging from the entire infrastructure support business that includes industrial facilities, machinery, year round through the MLB’s spring equipment, and construction, to the consumer goods business. KRW trillion training, all-star games and post-season 18.17 3.38 events. Through the sponsorship, 2000 2016 2017 2018 • Doosan Heavy Industries & Construction • Doosan Corporation Electro-Materials • Oricom Doosan is expanding its opportunities to increase its brand value in North America • Doosan Infracore • Doosan Corporation Industrial Vehicle • Hancomm and communicate with customers. • Doosan Bobcat • Doosan Corporation Mottrol • Doosan Magazines Operating Income (Unit: KRW trillion) • Doosan Engineering & Construction • Doosan Corporation Retail • Doosan Bears 1.22 1.17 • Doosan Mecatec • Doosan Fuel Cell Power • Doosan Cuvex FC Viktoria Doosan has successfully raised its brand status in Europe through sponsorship of • Doosan Robotics • Doosan Corporation Digital Innovation • Neoplux Plzen FC Viktoria Plzen, a prestigious football • Doosan Mobility Innovation 0.92 club of the Czech Republic. FC Viktoria • Doosan Solus Plzen is a world-class soccer club that • Doosan Fuel Cell has won the Czech League title numerous • Doosan Logistics Solutions times and advanced to the finals of the UEFA Champions League. 39,400 KRW trillion 1.22 0.24 Number of our global workforce in 36 countries 2000 2016 2017 2018 Doosan Infracore Profile 04 05 DOOSAN INFRACORE Doosan Infracore is growing into a global leader in construction equipment, such as excavators Global Leader in Infrastructure Solutions and loaders, as well as diesel and gas engines, and diverse attachments. Doosan Infracore Vision & Slogan is taking off as a ‘Total Solutions Provider,’ offering customers better value and greater We will grow into a global leader in the infrastructure solutions business by continuously expanding the scope of our business as a Total Solutions Provider that delivers not just top-of-the-line products convenience, by expanding its line-up of ICT-integrated smart equipment and solutions and by but also unprecedented customer value and convenience. strengthening customer service programs. Doosan Infracore started out as the country’s first large-scale machinery manufacturer in 1937. It then became the first Our corporate slogan, ‘Powered by Innovation,’ represents our belief that our potential to build the History engine manufacturer in Korea by rolling out marine diesel engines in 1958, and launched its construction equipment foundation of our world comes out from ‘innovation.’ manufacturing business in 1977. In 2007, Doosan Infracore emerged as the world’s undisputed leading manufacturer of construction machinery after acquiring Bobcat, the global leader in compact construction equipment. The Beginnings Global Growth 1937 2005 2008 2010 2014 2015 Established Chosun Machine Works Reborn as Doosan Infracore Co., Ltd. Acquired Moxy Engineering AS, a Completed the construction of Gunsan Established Doosan Infracore Bobcat Incorporated into Dow Jones Sustainability 1966 Established Doosan Infracore Co., Ltd Norwegian articulated dump truck Construction Equipment Plant Holdings Co., Ltd. (DIBH) Index (DJSI) Asia-Pacific Korea Machinery Industries Corp. listed (Rep. Office) in Dubai company 2011 Completed the construction of Global (for the 5th consecutive year) on the Korea Stock Market 2006 Completed the construction of a wheel The Industrial Vehicle Division was spun R&D Center in Incheon Renamed from Doosan Infracore Bobcat loader factory in China Holdings (DIBH) to Doosan Bobcat Inc. 1975 Established a holding company in China, off – launched as Doosan Corporation Completed the construction of Bobcat Completed the construction of Incheon Doosan Infracore China Investment Co., Industrial Vehicle Acceleration Center in North Dakota, USA 2016 Diesel Engine Factory Ltd. 2012 Completed the construction of Innovation Completed the construction of Advanced Center in Dobris, Czech Republic Excavator Factory in Incheon 1986 2007 Completed the construction of Compact Started mass production of Doosan’s Acquired CTI, a holder of original Diesel Engine Plant in Incheon Doosan Bobcat listed on the Korean Stock own excavator model technology for HCNG engines in America 2013 Market Supplied compact diesel engine (G2) to major 1990 Acquired Yantai Yuhua Machinery Ltd. Completed the construction of Wheel agricultural machinery manufacturers in Established Doosan Infracore Europe S.A. (Currently Doosan Infracore Shandong Loader R&D Center in China Korea in Belgium Co., Ltd.) Completed the Construction Equipment Acquired Ingersoll Rand’s Compact Factory in Brazil Rolled out the first bus loaded with EURO 6 1994 Equipment unit (Bobcat) along with other diesel engine Established Doosan Infracore China Co., units Awarded the ‘USD 2 Billion Export Ltd. in China 2018 Tower’ on the Trade Day Succeeded 5G-based country-to-country 1998 remote control of construction equipment for Established Doosan Infracore America the first time in the world Corp. 2019 Established D20 Capital, LLC, an investment Demonstrated an integrated control solution for the future construction site, Concept-X, for the first time in the world Doosan Infracore Profile 06 07 Company Profile Company Name Year Founded President & CEO Financial Highlights Doosan Infracore Co., Ltd. 1937 Dong-Youn Sohn Global Ranking Portion of Sales by Business Group (Market share based on previous year's revenue) (Unit: %) Main Business Areas Employees Production and sales of 4,468 construction equipment and (Including overseas worksites; as of December 31, 2018) 7th Construction engines (3.8) Equipment 8th Doosan Bobcat 9th (3.6) 42 (3.2) Headquarters Major Subsidiaries Production Subsidiaries Sales Subsidiaries 51 Global Network 16th Parts Distribution Center (PDC) Number of Dealers (1.5) Europe Russia / CIS 214 12 (Heavy: 189, Engine: 25) (Heavy: 10, Engine: 2) 7th Engine 7 2008 2012 2016 2018 * Source:
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    Table of Contents 2 About Doosan A History of Transformation An Explosive Growth Record Global Expansion that Extends Our Reach The Doosan Way 12 Our Infrastructure Support Businesses 36 Holding Company and Others 48 Corporate Social Responsibility 56 Financial Review 62 Domestic/Global Network Doosan has selected “ ” as the corporate slogan, which is based on the conviction that companies must contribute to humankind and help to shape the future. All Doosan employees now embrace this slogan, and we continue to enhance our capabilities as a global company through our unique value and philosophy. Doosan is working at this very moment to provide the basics necessary for improving the quality of people’s lives. Doosan’s presence can be found in every area of the infrastructure support business, which encompasses industrial facilities, machinery, heavy equipment and construction. You are invited to watch how we are helping to shape the future for all. About Doosan A History of Transformation About Doosan Korea’s Oldest Enterprise (formerly Daewoo Heavy Industries & Machinery) in Doosan is Korea’s oldest business organization with 2005. Such major acquisitions have transformed our Our Infrastructure a proud history of 115 years. Doosan began in 1896 as business portfolio to one centered on the infrastructure Support Businesses Korea’s first modern retail business, known then as support business (ISB). Park Seung-jik Store and has grown and developed for Holding Company more than a century. Acquisition of Global Operations and Others Doosan has aggressively acquired companies outside A Journey of Dynamic Change and Innovation Korea to grow and globalize. In 2005, we acquired Corporate Social Responsibility Now a global ISB powerhouse, Doosan’s history the water treatement business of US-based American represents a story of dynamic change and growth.