Company Introduction 2021

PART 1.
Company Overview

PART 2.
Management Performance

PART 3.
Construction Waste Management

PART 4.
Landfill Business

PART 5.
Auto Dismantling and Recycling

PART 6.
Auto Shredding Recycling
PART 1. Company Overview

Company Overview

“Lead the construction waste and end-of-life cars recycle market”

Established based on the best technology

1997.11.13

Market No. 1 Market No. 1 in Supply scrap iron

in revenue and Expanding new
Operation of two landfills Operation disused car purchasing
revenueofbusinesses
two landfills for casting,
treatment scale and dismantling first in Korea
Construction waste
Landfill Incineration Auto Dismantling Auto Shredding
management
and Recycling Recycling

The largest
Web-page Capital CEO shareholder No. of employees

www.insun.com KRW 23.3bn Lee Jun-kil IS Dongseo 410

(44.98%)

※ As of 2021.1Q ※ No. of shares : 46,563,612 ※ As of 2021.1Q

(As of 2021.06)
※ Equity capital : KRW 319.1bn
(As of 2021.1Q, Consolidate) - The largest shareholder : 20,943,917
- The others shareholder : 25,619,695

page 3
PART 1. Company Overview

History

Pioneer and leader of Korean Expanding biz area to construction Started Auto Dismantling and recycling,
construction waste mngt. market waste recycling auto shredding recycling business

1997 Established as Insun Company, Ltd 2006 Acquired InsunGS(Geumsan), InsunHS(Hwaseong) 2011 Established Insun Motors

2002 Listed on KOSDAQ (1st CWM company) 2007 Expanded CWM(Opened Sejong branch) 2012 Engaged end of life car recycling plot project with
Renault Samsung Motors (Achieved firstly 95% of
2003 Completed construction of the 1st in 2009 Changed company name from recycle rate in the market)
Korea recycled construction aggregate InsunGS to Insun Gieop
2014 Build Auto resource recycling center /
production plant for use for concrete mix
2019 Started landfill business (Gwangyang, Sacheon Build shredder plant at Icheon office
2004 Designated as the demonstration of recycled branch)
2018 Certification of environmental performance sign
construction aggregate use (by Ministry of 2019 Golden Eco Co.,Ltd. to be Incorporated 'Dismantling Service' obtained
Environment, built HQ building and R&D into subsidiary
center using recycled construction aggregate) 2020 Insun Motors to select 'Green New Deal
2020 Youngheung Industry Environment Co., Ltd. and Promising Companies 100' as green innovative
Paju B&R to be incorporated into subsidiary companies

Major Certificates Major Awards

1998 Got a license for construction waste processing business 1999 Awarded by MoE (Good environmental company)

2000 Established R&D center (Korea Industrial Technology Association) 2002 Korea Best Venture Company (Energy and environ. sector) / KMA

2003 Korea Best Green Management (Green & Pure tech. sector) / KMA
Selected as a good product by Public Procurement Service
2000
(Recycled aggregate) Presidential award for environment friendly management / Best mid-to-small
2006
company in new technology (Korean Standards Association)
2007 Quality certification for recycled aggregate (KICT)
2007 Awarded by National Tax Service
2009 Introduced K-IFRS (First time in KOREA)
2008 Awarded as a management structure improvement company in KOSDAQ market
2011 Certification of no.350 environmental new technology (MoE) 2009 Best green technology (KMA)
2013 Designated as “Korea leading environmental company” from MoE 2014 Awarded as the best innovation company – Insun ENT (KorCham)

2018 2nd Designated as “Korea leading environmental company” from MoE Selection of excellent waste treatment company in 2017 (Sudokwon landfill site
2017
management co.)
2019 Certified as Environmental New Technology No. 566 (MoE)
2019 Selected as a faithful taxpayer by Gyeonggi-do in 2019
2021 Verification as Environmental New Technology No. 252 (MoE) 2021 Awarded as the chairman prize of National Assembly (CEO Lee-Jun-kil)
page 4
PART 1. Company Overview

Organization Structure

Korea's representative environmental comprehensive company

 44.98% shares

▶ Branch  100% shares ▶Subsidiary

Insun ENT Insun Motors

Auto dismantling and

Iisan recycling
Construction waste
processing
lisan

Auto shredding and

Icheon recycling
Construction waste
processing
Sejong

Landfill of designated
 100% shares Construction waste
Gwangyang Insun Gieop processing
wastes

 100% shares
Landfill of general Construction waste
Sacheon Youngheung Processing, Incineration
wastes

 100% shares Construction waste

Recycling of metallic Paju B&R processing
material
Icheon

※ As of 2021.06. page 5
PART 1. Company Overview

Business Area

Construction waste collection and Disassembled resources

transport and trading

Distribution and exportation

Construction waste processing of used parts

Waste Car Used car sales

Incineration & Steam Management recycling

Producing recycled Sales of high purity scrap iron

aggregate and sales (Materials for car steel sheet)

Sales of raw materials for casting

(Materials for auto parts)
Landfill

page 6
PART 1. Company Overview

Waste disposal process & Business establishment Recycling

(Steam Sales) External Vehicles

Self-Vehicle External Vehicle

Waste interim Waste interim

Waste collection & Landfill
processing (Sale of processing
transportation
recycled aggregates) (incineration)

☞ Youngheung ☞ Insun ENT

☞ Insun ENT ☞ Insun ENT
: Gwangyang,
: Head Office, : Head Office,
Sacheon Branch
Sejong Branch Sejong Branch

☞ Insun Gieop ☞ Insun Gieop

☞ Paju B&R ☞ Paju B&R

☞ Youngheung ☞ Youngheung

page 7
PART 2. Management Performance

Business Performance [Unit : KRW 100M]

▶ Sales and O.P Change (Consolidated) ▶ Sales and O.P Change (Separate)

Operating profit (Ratio)

Sales

Sales Composition

2018 2019 2020

※ Based on “The annual report of Insun ENT” and “Audit report of subsidiary”
page 8
PART 2. Management Performance

Key Financial Indicators (Consolidated)

▶ ROE [Unit : %] ▶ Debt Ratio [Unit : %]

▶ Cash and Cashable Assets ▶ Net Loan

[Unit : KRW 100M] [Unit : KRW 100M]

page 9
 PART 2. Management Performance

Summarized Financial Statement

(Separate) Balance Sheet (Unit: KRW mn) (Consolidated) Balance Sheet (Unit: KRW mn)

Type 2017 2018 2019 2020 Type 2017 2018 2019 2020

Assets total 276,458 295,102 330,058 434,975 Assets total 298,345 315,621 347,152 486,281

Liabilities total 113,068 111,739 120,733 123,857 Liabilities total 128,596 128,681 140,807 173,696

Equity capital 163,390 183,363 209,325 311,118 Equity capital 169,749 186,940 206,345 312,585

(Separate) Comprehensive Income Statement (Unit: KRW mn) (Consolidated) Comprehensive Income Statement (Unit: KRW mn)

Type 2017 2018 2019 2020 Type 2017 2018 2019 2020

Sales 74,523 92,503 102,297 131,185 Sales 160,280 175,955 183,949 208,566

Cost of Sales 50,821 63,331 66,438 74,835 Cost of Sales 121,392 135,495 137,744 141,480

Gross Profit 23,701 29,172 35,859 56,350 Gross Profit 38,888 40,460 46,205 67,086

Sales & Sales &

Administrative 9,207 9,085 9,677 10,510 Administrative 16,973 16,607 16,588 18,142
Expenses Expenses

Operating Profit 14,494 20,087 26,182 45,840 Operating

21,915 23,853 29,617 48,944
Profit

EBITDA 18,169 24,010 33,333 57,674 EBITDA 28,211 30,313 39,747 64,646

Net Profit (2,270) 14,037 12,314 30,943 Net Profit 3,151 15,475 16,642 35,504
page 10
 PART 2. Management Performance

Distribution of Sales of Subsidiaries (In 2020)

INSUN ENT
INSUN Gieop
Percentage
Percentage Revenue
Revenue of Revenue
of Revenue
10.2bn won 4.3% 131.9bn won 55.5%

Major Business Field Major Business Field

• Waste collection & transportation • Waste collection & transportation
• Waste interim processing • Waste interim processing
• Sale of recycled aggregates • Sale of recycled aggregates
• Landfill

Paju B&R
The best
Percentage
Revenue
of Revenue
environmental company
14.3bn won 6.0%
INSUN Motors
Major Business Field
• Waste collection & transportation Revenue Percentage
※ Audit Report Performance Criteria
• Waste interim processing (Performance of Yeongheung and
of Revenue
• Sale of recycled aggregates Paju reflects only 4Q connection)
25.6%
60.9bn won

Youngheung Industry
Major Business Field
Environment
Percentage • Sale of dismantling resources
Revenue • Esport of used auto
of Revenue
• Sale of scrap iron
20.2bn won 8.5%

Major Business Field

• Waste collection & transportation
• Waste interim processing
• Sale of recycled aggregates
• Incineration & Steam sale page 11
PART 3. Construction Waste Management

Establishment
Business Status name
Insun ENT Ilsan Head office

240, Dongguk-ro, Ilsandong-gu, Goyang-si, Gyeonggi-

Address
do, Korea

Construction waste collection and transport,

Main business
Producing recycled aggregate and sales

Establishment
Insun ENT Sejong branch
name

Address 494-52, Solti-ro, Jeondong-myeon, Sejong-si, Korea

Construction waste collection and transport,

Main business
Producing recycled aggregate and sales

Establishment
Insun Gieop
name

64, Sumok-ro, Boksu-myeon, Geumsan-gun,

Address
Chungcheongnam-do, Korea

Construction waste collection and transport,

Main business
Producing recycled aggregate and sales

Establishment
Youngheung Industry Environment
name

142-42 Haksu Sosa-gil, Mokchen-eup, Dongnam-gu,

Address
Cheonan-si, Chungcheongnam-do

Construction waste collection and transport,

Main business
Producing recycled aggregate and sales, Incineration

Establishment
Paju B&R
name

Address 160 jungmun-ro, Wolong-myeon, Pju-si, Gyeonggi-do

Construction waste collection and transport,

Main business
Producing recycled aggregate and sales
page 12
 PART 4. Landfill Business

Business Status
Establishment name Insun ENT Gwangyang branch

2412, Jecheol-ro, Gwangyang-si,

Address
Jeollanam-do, korea

Main business Landfill of designated waste

Beginning of business 2019.08

operation period 2~3 years

Business area 60,000㎡

licensed quantity 240,045㎥

Establishment name Insun ENT Sacheon branch

217, Oegukgieop-ro, Sanam-myeon,

Address
Sacheon-si, Gyeongsangnam-do, Korea

Main business Landfill of General waste

Beginning of business 2019.05

operation period about 10 years

Business area 54,824㎡

licensed quantity 1,040,423㎥

Approval and operational status of landfill site

Landfill type 2009 2019 Remarks

• Local Gov. operated (215 ea)
 Exhaustion of available landfill space General waste site 296 277 • Privately operated (30 ea)
• Final disposal compan (32 ea)
 High growth and profitability
• Privately operated (4 ea)
Designated waste site 25 25
• Final disposal company (24 ea)

page 13
PART 5. Auto Dismantling and Recycling

Business Status
Establishment
Insun Mortors Ilsan Head office
name

Address 286, Dongguk-ro, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

• Sales of used auto parts,
Main business • Sales of disassembled resources (Plastic, Glass, Refrigerants, Used Oil, etc.),
• Sales of used car (for domestic, export)
• Largest disassembling facility in Korea (prepared for all models from all manufacturers)
• Established nationwide business network
Competitiveness • Professional corporation with specialized management system and dismantling and recycling
facilities
• Trustworthy one-stop scrapping process

Auto Recycling Center

First-class comprehensive
1st floor  Various heavy maintenance, plating, painting and washing processes
maintenance center

 Eco-friendly system established (collection of liquid wastes, unfolding

airbags, collection of refrigerants, etc.)
Car scrapping line /
 Entire line is operated indoors in order to minimize air and noise pollution
2nd floor Workspaces exclusively for
 40m scale for disassembling with five line-type machines and four cell-
foreigners
type machines
 Five workspaces exclusively for foreigners

 Auto parts logistics center with a floor space of 10,657㎡

3rd floor Auto parts logistics center  Loading capacity of 2,400 engine missions and 240,000 parts
 Real-time management of inventory through ERP system

 Auto part exhibition hall for overseas buyers and investors

4th floor Auto part exhibition hall
 Maintenance, storage and sales of used parts for imported vehicles

page 14
PART 6. Auto Shredding Recycling

Business Status

Establishment
Insun Mortors Icheon branch
name

Address 29-14, 2300, kyeongchungdae-ro Bubale-up Icheon-si Kyeonggido, Korea

Business area 44,273㎡

Main business Steel manufacturer, Component material, Non-ferrous metals

1,000 ton/day (8 hours) // 240,000 ton/annual

Capacity
 the largest capacity in Korea

• Build efficient equipment compared to similar industry

• Good material sorting ability / produce flat scrap products by hammering
Competitiveness
• Excellent scrap quality (complete quality for parts materials)
• Maximize the product quality by best selecting technology

Processing

Purchasing of Producing low Sell (casting Producing auto

Injection Sorter
pressed ELV manganese steel company) parts

page 15
Thank You