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SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report for the Quarter Ended September 30, 2018

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SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report for the Quarter Ended September 30, 2018 SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report For the quarter ended September 30, 2018 Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』. Samsung Electronics Interim Business Report 1 / 213 WorldReginfo - 7c737214-7873-40a1-9e51-af19e2fdf705 Table of Contents Certification ................................................................................................................................................................................ 3 I. Corporate Overview ............................................................................................................................................................... 4 II. Businesses Overview ......................................................................................................................................................... 27 III. Financial Affairs ................................................................................................................................................................. 72 IV. Auditor’s Report ............................................................................................................................................................... 150 V. Management Discussion and Analysis ........................................................................................................................... 152 VI. Corporate Governance .................................................................................................................................................... 153 VII. Information on Shareholders ......................................................................................................................................... 163 VIII. Executives and Employees ........................................................................................................................................... 169 IX. Affiliates and Subsidiaries .............................................................................................................................................. 173 X. Related Party Transactions .............................................................................................................................................. 203 XI. Other Information ............................................................................................................................................................. 207 Samsung Electronics Interim Business Report 2 / 213 WorldReginfo - 7c737214-7873-40a1-9e51-af19e2fdf705 Certification Letter of Certification We, Ki-Nam Kim and Hee-Chan Roh, as executives in charge of reporting, certify that we have reviewed the interim business report of Samsung Electronics Co., Ltd. for the nine-months ended September 30, 2018. Based on our knowledge, this report does not contain any untrue statements or omissions of necessary material facts that would be misleading with respect to the period covered by this report. Based on our knowledge, the financial statements, and other financial information included in the report, are fairly presented in all materials and respect the financial condition, results of operations, and cash flows of the company as of, and for, the periods presented in this report. We confirm that Samsung Electronics operates an Internal Accounting Management System, responsible for establishing and maintaining disclosure controls and procedures and internal controls over financial reporting, as defined in Article 2.2 and 2.3 of the External Audit Act. We have disclosed our most recent evaluation of internal controls over financial reporting to the Company’s auditors and to the audit committee of the Company’s board of directors. Date: November 14, 2018 Samsung Electronics Interim Business Report 3 / 213 WorldReginfo - 7c737214-7873-40a1-9e51-af19e2fdf705 I. Corporate Overview 1. Overview A. Legal, Commercial Name: - Samsung Electronics Co., Ltd. B. Date of Establishment: - Samsung Electronics Co., Ltd. (“SEC”) was established as Samsung Electronics Industry Co., Ltd. on January 13, 1969, and held an initial public offering on June 11, 1975. - SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following a resolution passed at the Annual General Meeting (AGM) of shareholders on February 28, 1984. C. Address, Phone Number, and English Language Website of the Corporate Headquarter - Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea - Phone Number: 82-31-200-1114 - Website: https:// www.samsung.com/sec D. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises. E. Core Businesses - The Company (defined below) comprises business divisions that operates independently (each a “Division”): CE (Consumer Electronics), IM (Information Technology & Mobile Communications), DS (Device Solutions), and Harman (Harman International Industries, Inc. and its subsidiaries), which produces automotive electronics components. Products in each Division are presented below: Division Products CE TVs, monitors, refrigerators, washing machines, air conditioners, etc. IM HHPs, network systems, computers, etc. DS DRAM, NAND flash, mobile APs, TFT-LCD panels, OLED panels, etc. Harman Head units, infotainment systems, telematics, speakers, etc. SEC is a global electronics firm comprised of the headquarters in Korea and 256 subsidiaries (collectively, “Samsung Electronics” or the “Company”) across the world including nine (9) regional headquarters for the CE and IM Divisions, five (5) regional headquarters for the DS Division, and Harman’s subsidiaries. [CE Division] The CE Division is leading the global digital era by continuously offering new products with innovative technology, unique design, and enhanced value propositions. TV is the core product of CE. The Company has maintained its position as the market leader for twelve (12) consecutive years by leveraging competitive advantages in hardware such as LCD/LED TVs as well as software driven product Samsung Electronics Interim Business Report 4 / 213 WorldReginfo - 7c737214-7873-40a1-9e51-af19e2fdf705 features within our Smart TV product portfolio. We plan to solidify our market leadership by continue developing new technologies and making innovations. [IM Division] The IM Division operates the Mobile Communication Business, which produces and sells smart mobile devices such as smartphones, tablets, wearable devices, etc. For smartphones, a key product of the business, we have developed a product lineup ranging from low-end to premium models, and achieved growth in both advanced and emerging markets with the Galaxy series. The division leads the smartphone market with innovative hardware features including flexible OLED panels, high- definition cameras, and biometric sensors. For software, we will continue innovating to enhance user experience by investing in cutting edge technology ranging from Samsung Pay and Bixby to Cloud, IoT, healthcare, AR, and VR. At the same time, we will lead the global network business via 5G commercialization, the next-generation technology. [DS Division] The DS Division comprises the Memory Business, System LSI Business, Foundry Business, and Display Panel (“DP”) Business. The Memory Business manufactures and sells DRAM and NAND products; the System LSI Business designs and sells mobile application processors (“mobile APs” or “APs”) and camera sensor chips; the Foundry Business is in charge of consignment production of semiconductors; and the DP Business manufactures and sells display panels. The Company is constantly working to increase its influence on end-product manufacturers and create new demand through technological breakthroughs and the development of high quality components as it has done with APs—which serve as the brains of mobile products—and with memory components like DRAM via enhanced capacity and density. The Memory Business produces differentiated products and has maintained the top position in the global memory market by being the first to apply the latest advanced process technology for each technological iteration. The System LSI Business has not been complacent, expanding its focus from mobile to include automotive chips, and will stay at the forefront of the market by offering differentiated products such as APs and CISs and strengthening competitiveness via its advanced manufacturing process technology. The Foundry Business partners with fabless corporations based on its advanced process technologies. The business in 4Q16 started supplying 10nm products—an industry first—and now seeks to solidify its leadership on the back of being the first to develop 7nm and 8nm processes. The business has diversified its portfolio to include 8-inch offerings and, in 2018, successfully introduced the world’s
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