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2013 SAMSUNG ELECTRONICS ANNUAL REPORT 2013 Financial Summary Samsung Electronics and Consolidated Subsidiaries

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2013 SAMSUNG ELECTRONICS ANNUAL REPORT 2013 Financial Summary Samsung Electronics and Consolidated Subsidiaries 2013 SAMSUNG ELECTRONICS ANNUAL REPORT 2013 Financial Summary Samsung Electronics and Consolidated Subsidiaries Income Statements 2011 2012 2013 Sales 165,002 201,104 228,693 228,693 Operating Profit 15,644 29,049 36,785 Net Income 13,759 23,845 30,475 201,104 36,785 Balance Sheets 2011 2012 2013 29,049 Assets 155,800 181,072 214,075 15,644 165,002 Liabilities 54,487 59,591 64,059 Shareholders’ Equity 101,314 121,480 150,016 2011 2012 2013 Cash Flows 2011 2012 2013 Sales and Operating Profit Cash Flows from Operating Activities 22,918 37,973 46,707 (in billions of KRW) Cash Flows from Investing Activities (21,113) (31,322) (44,747) Sales Operating Profit Cash Flows from Financing Activities 3,110 (1,865) (4,137) Challenge, By welcoming challenges of the new, (in billions of KRW) Creativity, creativity that pushes the possible This annual report includes forward-looking statements that relate to future events and can be generally identified by phrases containing words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” Collaboration and close and efficient collaboration, “estimates” or other words or phrases of similar meaning. These forward-looking statements are not guarantees of future performance and may involve known and unknown risks, uncertainties and other Samsung Electronics leads 46,707 factors that may affect our actual results, performance, achievements or financial position, making them materially different from the actual future results, performance, achievements or financial position expressed 37,973 the astonishing evolution of or implied by these forward-looking statements. Unless otherwise specified, all data presented in this report is from our consolidated financial statements. technology, producing positive 22,918 change for the world. 2011 2012 2013 We continue to dream big about forging new paths and ideas. Contents Focused on the excitement of (21,113) challenge, the anticipation of 02 CEOs’ Message (31,322) 06 About the Board creative discovery and the joys of 09 Business Overview warm-hearted collaboration, (44,747) Cash Flows 29 Global Citizenship we are inspiring the future and (in billions of KRW) 37 Financial Statements inventing new tomorrows. Cash Flows from Operating Activities Cash Flows from Investing Activities 108 Global Network CEOs’ Message Dear Samsung Electronics Stakeholder: Enhancing core business capabilities and expanding market leadership Throughout 2013, we pursued growth and innovation, Last year, Samsung Electronics extended its market despite facing challenges in the global economy, by leadership in core businesses, including the mobile continuing to identify new opportunities and possibilities communications, TV and memory chip businesses. Through our continued through our transformative technologies and innovation. In mobile communications, thanks to excellent smartphone performance, we achieved the remarkable commitment to innovation and As a result, we recorded historically high sales and profit result of No. 1 ranking in both sales and market share to to cement our leadership in the global electronics industry. solidify our industry leadership. Meanwhile, our growth transformative technologies, Based on consolidated financial statements, we realized in tablets more than doubled. In the TV business, Samsung Electronics is shaping sales revenue of KRW 229 trillion, operating profit of KRW we were again No. 1 in sales, achieving that rank for Vice Chairman & CEO Oh-Hyun Kwon 37 trillion and net profit of KRW 30 trillion, increases of the eighth consecutive year, as well as leading the industry the future to create new 14%, 27% and 28%, respectively, over the previous year. in profitability. Our memory business saw significant gains in 2013, owing to improved cost savings and advanced experiences for consumers process technology development, which helped boost sales of differentiated and high-value-added products such as SSDs. For the 22nd consecutive year, our memory business achieved No. 1 global market share, which we’ve held now since 1993. Securing core competitiveness while accelerating new growth engines We continued to reinforce our core competencies in R&D and design by recruiting outstanding talent and by restructuring. By establishing an open innovation system, we strengthened partnerships with outside research institutes and launched new professional organizations, such as Softech and the Big Data Center, President & CEO Boo-Keun Yoon to strengthen our software capabilities. We are adding to our extensive global R&D network by building a new R&D Center to develop future technologies including materials. Anticipating future growth engines, we have focused resources and capabilities on health and medical equipment, B2B services and lifecare areas, such as Smart Home and mobile health applications. These new technologies and services are attracting favorable reviews both in Korea and abroad. Overall, we registered 4,676 patents in the US and continued our award-winning performance with nine IDEA International Design Excellence Awards in 2013 and 24 CES 2014 Innovations Awards. We were ranked No. 8 on Interbrand’s Best 100 Global Brands 2013, with a brand value of USD 39.6 billion. Fortune listed Samsung Electronics 21st on its World’s Most Admired Companies list. President & CEO Jong-Kyun Shin 2 2013 SAMSUNG ELECTRONICS ANNUAL REPORT 3 CEOs’ Message Creating new experiences beyond the known limits of Next, we will focus on sound management to increase Upholding corporate citizenship and social responsibility Vice Chairman & CEO Oh-Hyun Kwon markets and technology profi tability. We expect to fortify resource management As a leading global company, Samsung aims to create In 2014, although we anticipate steady global economic effi ciency companywide, including in investments and positive change for people everywhere and help them to recovery, market uncertainty will linger. Competition in global SCM capability, which will result in improved live a better life full of possibilities. We believe in growing the electronics industry will intensify as growth in performance. We expect to reorganize systems in order alongside communities by creating socially shared value. the smartphone and TV markets slows. But despite such to enhance response time, minimize management risk or We are focusing on education, professional training and challenges, we will continue to grow. In 2013, we will uncertainty and monitor ongoing compliance. healthcare. Individual programs are informed by regional President & CEO Boo-Keun Yoon embrace challenges to pursue innovation and bring new characteristics in order to respect and resolve local issues. experiences to consumers beyond the current limits of Third, we will secure the future with sustainable growth. We also support a range of green management and markets and technology. To maximize competitiveness in our diverse value chains, environmental activities, including green products and including components, sets, solutions and services, workplaces and reducing greenhouse gas emissions. First, we will consolidate our electronics industry we will develop innovative technology and new categories We will strive to maintain safe and pleasant work leadership by sharpening competition in our businesses. of products that encourage future core technology. environments for our employees through preventive President & CEO Jong-Kyun Shin Our core areas, including mobile phones, TVs and We also will accelerate new growth engines, such as measures and risk management. As always, we support memory chips, will sustain their market leadership electronic materials and our B2B business. our partners worldwide and promote their competitiveness as we develop premium products and differentiated as we forge win-win partnerships for shared and technologies. In mobile communications, we will broaden sustainable growth. our product lines and lead the LTE market to maintain our leading smartphone position. At the same time, The theme that connects all of our technology, products, we will more aggressively pursue the tablet market. solutions and services is our dream of improving people’s In TVs, we will focus on high value-added premium lives and making a better world. As we move into 2014, product sales, including the UHD/Curved TV and ultra we are working to realize that dream with ceaseless sized TV. Our leadership in the memory business will challenge and continuous innovation. We know that be strengthened as we expand cutting-edge process continuing to grow as a global top-tier company depends technology and push forward with high function and high on the care and support of our customers and shareholders. value-added products and solution mixed strategies. Samsung Electronics will make every effort to perform Additionally, we are moving ahead with mass production as a world-class company as we deliver deep value and of next-generation V-NAND fl ash memory. We are also heartfelt experiences to customers and society. The return preparing for growth by securing core technologies and of that love and respect is the fuel that allows us to grow. expanding retail networks in our developing businesses, such as digital appliances, networks, printing solutions Thank you. and LED. 4 2013 SAMSUNG ELECTRONICS ANNUAL REPORT 5 About the Board Oh-Hyun Kwon Sang-Hoon Lee Kwang-Soo Song •Vice Chairman & CEO (2012~Present) •President & CFO, Corporate Management •Independent Director (2013~Present) •Vice Chairman & Head, Samsung Advanced Office (2012~Present)
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