슬라이드 1

[Virtual Presenter] We are here today to welcome you to the JEL Meeting April 2025, where we will discuss various topics related to our organization's future plans and initiatives. Let's begin..

1 Samsung C&T Overview.

[Audio] Engineering and construction projects involve a broad spectrum of activities, ranging from high-rise buildings to water infrastructure. Our business area encompasses various sectors, including residential, road, bridge, and tunnel constructions, as well as railway and metro developments. We also work on harbor and marine projects, power generation, nuclear power plants, energy storage, and renewable energy initiatives. Moreover, we possess expertise in general building and high-tech building projects. This diverse portfolio enables us to contribute to some of the world's most remarkable architectural wonders, such as the top 10 list..

[Audio] Our organization operates across multiple business areas, including engineering and construction, which encompasses various sectors such as life-style services, smart healthcare services, hydrogen production, small modular reactors, photovoltaic systems, modular solutions, smart villages, and smart solutions. Additionally, we have a data center dedicated to health care, focusing on three main areas..

[Audio] We have established a global presence across 26 countries, as of March 2023. This significant milestone demonstrates our commitment to expanding our reach and serving customers worldwide. With operations spanning multiple regions, we are well-positioned to deliver innovative solutions and services that meet the evolving needs of our clients..

[Audio] Our global operation is delivering 33 projects worth USD 29.9 billion worldwide. In the Americas, we have three projects valued at USD 7.2 billion. The Asia Pacific region has 19 projects with a total value of USD 9.9 billion. We also have one project in Canada and the United States, valued at USD 2.4 billion. In the Middle East and Africa, we have 11 projects worth USD 12.7 billion. These projects include building, infrastructure, and plant construction initiatives across various countries such as KSA, UAE, Qatar, and Algeria..

6 Samsung C&T Plant Biz.

[Audio] Our company's products have been implemented globally, resulting in a total capacity of 29 gigawatts. This achievement was made possible by 24 projects, distributed across 11 countries. Moreover, we have successfully completed 13 gigawatts worth of projects in three countries, while another 12 gigawatts were generated from four projects in two countries. Furthermore, our portfolio comprises 3 gigawatts of projects in five countries. We provide a diverse array of solutions, encompassing solar, wind, high-voltage direct current, fuel cell, and biomass energy production..

[Audio] Samsung C&T is a specialized EPC contractor with extensive experience in combined cycle power projects. The company has successfully executed numerous mega projects across the Middle East and North Africa region, including those in Qatar, United Arab Emirates, and Saudi Arabia. These projects have been delivered to clients such as Kahramana, SEC, EMAL, and ADWEA. The company's expertise spans a wide range of capacities, from 1,023 megawatts to 4000 megawatts, and includes the use of various gas turbine technologies, such as SGT6-5000F, STG6-5000F, 9FA, and STG5-4000F. Samsung C&T's projects have also incorporated seawater reverse osmosis systems, like the one used in the IWPP project. With a proven track record of delivering large-scale power projects, Samsung C&T is well-positioned to continue its growth in the industry..

9 9 Biz. Strategy.

[Audio] In the future strategy, we are seeking to establish a long-term partnership with Genecon to execute our business model through shared scope. This collaboration will enable us to concentrate on engineering and procurement, while simultaneously expanding our business model into international markets. With Genecon's expertise in resource management, we can align our goals and objectives. Furthermore, we will have the opportunity to share innovative technologies, such as anchoring robots and re-bar automation systems, which may contribute to their growth potential..

[Audio] We will extend our business model beyond its current limitations by expanding into new markets, including the Middle East and Southeast Asia, where we will partner with strategic partners to secure major subcontracts. Our goal is to become a single relationship country market player, like we are in Australia, by launching EP+C projects in these new markets and establishing joint venture companies with our partners. This collaborative approach will allow us to leverage each other's strengths and resources, resulting in sustainable business models and long-term partnerships. Through our investments in independent power producer projects, we will enhance trust and secure new projects..

12 12 Partnership with JEL.

[Audio] We will discuss the upcoming project in the United Arab Emirates, which is currently in the open bidding stage. All interested parties can submit their quotations for the project, focusing on the discipline of mechanical and piping. The unit price for this project is UAE Taweelah-C, and we must discuss the escalation clause with our partners..

14 14 Upcoming Project.

[Audio] The UAE Taweelah C Independent Power Plant project is located in the Taweelah complex, approximately 50 kilometers from Abu Dhabi. The project has a capacity of 2,600 megawatts, consisting of two gas turbines, two heat recovery steam generators, and one steam turbine per block. The configuration is 1 gas turbine, 1 heat recovery steam generator, and 1 steam turbine per block, supplied by Siemens. The project's construction period is anticipated to last around 43 months, commencing from the Notice to Proceed date. The bidding process is slated to commence in July 2025, with the award expected in September 2025. The developer responsible for this project is Emirates Utilities Development Company, also referred to as EUDC..

[Audio] The UAE Al Nouf 1 Independent Power Plant project is located in Abu Dhabi, with a capacity of 3,300 megawatts. The project will be developed by EtihadWE, Aljomaih, Sumitomo, and KEPCO CEEC. The bidding process is scheduled to take place in August 2025, with the award expected in December 2025. The project's configuration is approximately 30 kilometers long, and it will be operated by the Emirates Water Electricity Company, also known as EWEC..

[Audio] The UAE Taweelah-C IPP project is located in the United Arab Emirates, with the off-taker being EWEC (Emirates Water Electricity Company). The developer is EUDC (Emirates Utilities Development Company), with a capacity of 2,600 megawatts. The configuration consists of two gas turbines plus two heat recovery steam generators plus one steam turbine, and one gas turbine plus one heat recovery steam generator plus one steam turbine. The original equipment manufacturer is Siemens (SGT-9000HL). The period for commercial operation is not-to-plan plus 43 months. The bidding process will take place in July 2025, with an expected award in September 2025. Notable competitors include Sumitomo+KIND, Doosan+SEPCO3..

[Audio] The KSA Shoaiba/Shuqaiq Independent Power Plant project is located in Jeddah, Saudi Arabia. The project has a capacity of 3,600 megawatts from Shoaiba and 2,400 megawatts from Shuqaiq. The configuration of the plant is designed by the Original Equipment Manufacturer, with a planned completion date of 2029's fourth quarter. The bidding process began in 2025's fourth quarter, with an expected award in 2026's second quarter. The off-taker for this project is the Saudi Power Procurement Company..

[Audio] The KSA Shoaiba/Shuqaiq IPP project is located in Saudi Arabia, with an off-taker being SPPC. The developer, Jeddah, has partnered with others to deliver this project. With a capacity of 3,600 MW/2,400 MW, the configuration will be Shoaiba 3.6 GW and Shuqaiq 2.4 GW. The project's period of construction, delivery, and operation, known as PCOD, will take approximately until 2029, 4th quarter. The bidding process is scheduled to begin in 2025, 4th quarter, with an expected award date in 2026, 2nd quarter. The bidders involved include EPC, SCT EPC, and others. Similarly, the UAE Taweelah C IPP project is located in the United Arab Emirates, with an off-taker being EWEC. The developer, EUDC, has partnered with others to deliver this project. With a capacity of 2,600 MW, the configuration will be 2GT+2HRSG+1ST x 1 block and 1GT+1HRSG+1ST x 1 block. The project's period of construction, delivery, and operation, known as PCOD, will take approximately NTP + 43 months. The bidding process is scheduled to begin in July 2025, with an expected award date in September 2025. The bidders involved include EPC, SCT EPC, and others such as Sumitomo+KIND, Doosan+SEPCO3..

[Audio] The KSA Shoaiba/Shuqaiq Independent Power Project is located in Saudi Arabia, with the off-taker being SPPC, also known as Saudi Power Procurement Company. The developer of this project is Jeddah, with a capacity of 3,600 megawatts and 2,400 megawatts. The configuration of this project is Shoaiba 3.6 gigawatts and Shuqaiq 2.4 gigawatts. The period for the construction of this project is expected to take until 2029's fourth quarter, with the bidding process scheduled for the fourth quarter of 2025. The award is expected to be given in the second quarter of 2026. The bidders involved in this project include unknown parties..

[Audio] We are grateful to each and every one of you for your attention and engagement throughout this meeting. Your participation has been invaluable, and we appreciate the time you've taken to listen to our ideas and solutions for creating a better sustainable world. We thank you again, and we hope that our efforts will contribute to a brighter future for generations to come..