SK E&CEngineering & Construction

Content

SK Group Overview

SK E&C Overview

SK E&C’s Strength

Projects in Turkey

Win-win Strategy

*Source : SK Group Business Report, 2012Financial Supervisory Service, 2013 Global Fortune 500, 2013

SK Group OverviewProviding the Most Valuable Solution via SK Group SynergySK E&C can provide the most valuable solution to clients via SK group synergy consisting of 94 affiliates as the 3rd seat among Korean Business Group

57th

in Sales Rank

3rd

among Korean Business Group

94Affiliates

$147.5B

Group’s Annual Sales

SK Group OverviewMajor Affiliated Companies

Trading / Logistics (Developer, Off taker) (Korean Top 5)

Sales : U$ 27.5 Bil.

Engineering, Construction Sales : U$ 6.4 Bil.

LPG Marketing & Trading, Import Terminals

Sales : U$ 5.5 Bil.

City Gas, IPP Biz.(Korean Top / Market Share 25%)

Sales : U$ 4.5 Bil.

Shipping/Logistics Sales : U$ 1.1 Bil.

Satellite Communication(Korean Top / Market Share 51%)

Sales : U$ 15.9 Bil.

IT / System Integration

Sales : U$ 1.7 Bil.

Securities Investment Sales : U$ 633 Mil.

E&P, Battery, R&D Sales : U$ 68.3 Bil.

Internet, Telephone, TV Sales : U$ 2.3 Bil.

fiscal year 2012

Maj

or S

ubsi

diar

ies

Marketing Services Sales : U$ 653 Mil.

Bus

ines

sA

rea

E&P, Refinery, LPG & Gas Supply, Power, Chemicals & Petrochemicals, Life Science [Sales : USD 86 Bil. (56%)]

Mobile Network Operator, U-City, Satellite Communication, Internet TV, Semiconductor[Sales : USD 38 Bil. (25%)]

Trading, Logistics, Engineering & Construction, Hotel, Securities [Sales : USD 31 Bil. (19%)]

Energy & Chemicals Info, Telecom & Semiconductors

Marketing & Services

Semiconductor, memory chip manufacturer

Sales : U$ 10.4 Bil.

Website Design Communication Sales : U$ 262 Mil.

Petrochemical

Sales : U$18.3 Bil.

* Affiliate of SK Innovation

Oil Refining, LPG, Asphalt

Sales : U$59.4 Bil.

* Affiliate of SK Innovation

SK E&C OverviewFuture Growth Drivers, and Acceleration of Overseas Expansion

SalesSales

ENR Rank: 45

Established : 1977

Resources : 6,437 persons (’12)

Sales : US$ 7.0 billion (’12)

Backlog : US$ 20 billion (’12)

225 International Contractor225 International Contractor New Order & BacklogNew Order & Backlog

(Unit: Bil. USD)

3.44.1

5.5

7.0

0.0

2.0

4.0

6.0

8.0

2009 2010 2011 2012

16.617.8 18.6 20.0

8.0 7.0 7.3 8.4

0.0

5.0

10.0

15.0

20.0

2009 2010 2011 2012

Backlog

(Unit: Bil. USD)

New order

1977 Established

1984 Started Engineering Biz

1992 Entered Ghanaian and Mexican markets

1996 Creation of SUPEX-Cut

1997 Cadereyta Project, Mexico

1999 Madero Project, Mexico

2000 Launched SK VIEW Apartment Brand

2002 Development of Underground LNG Storage Technology

2003 Singori Nuclear Power plant

2005 FMP Project, Kuwait

2006 GC-24 Project, Kuwait

2008 F1 Auto Racing Track Project

2009 UAE Ruwais Refinery AI REEM Island Project MRT Subway Project, Singapore

2010 Manabi FEED Project, Ecuador Strategic Crude Oil Project, India Yanbu Export Refinery Project, Saudi Arabia

Tufanbeyli Power Project, Turkey

2011 WASIT Gas Plant, Saudi Arabia Sentosa Gateway Tunnel and DTL C930, Singapore PACO Thermal Power Plant, Panama Certified as the Best Eco-friendly Architecture, Korea

2012 Eurasia Tunnel Project, Turkey JAZAN Refinery & Thermal Project, Saudi Arabia Transmission Cable Tunnel NS/EW Project, Singapore

2013 Bosphorus 3rd Bridge Project, Turkey

SK E&C OverviewDivisions of SK E& C

RefineryPetrochemical

Gas ProcessingLNG

Power Plant(Gas/Coal/Nuclear

Renewable)

RoadTunnelBridge

UndergroundHarbor

OfficeResidential

Multi-ComplexHotel/Resort,

Smart City

Oil & Gas Power Plant Infrastructure Housing & Building, U-Business

SK E&C ‘s Global NetworkProject Offices & Construction SitesSK E&C has offered the best performance and established excellent management capa-bility based on extensive global network of project offices and construction sites

• Strategic Partner (SKEC Invested)- TWRE in Thailand- SBC in Kuwait

• Manufacturing Shop- Pipe Shop in UAE

Ghana• 3 Storage Depots (PPSD)• TOR-CDU Expansion• TOR-RFCC

Brazil• RFCC Revamping Phase I & II

Thailand• Sriracha Tank Farm • Marine TK Terminal• No.1 Aromatics • Sulfuric Acid• Clean Fuel Project• PTT Tank Terminal• OCS#4

• IRPC UHV • Cyclohexane• No.2 Aromatics• THPP #3 • Sour Condensate• Rayong Refinery Upgrading

Spain• E-Project• Cartagena LBO Project

Poland• Eurochem PET Plant

Turkey• Tufanbeyli Power Plant

Eurasia Tunnel• 3rd Bosphorus Bridge

Romania• Pitesti Branch• FCC Feed HDT• Sulfuric Acid Alkylation

Mexico• Mexico City Branch• Cadereyta Refinery• Madero Refinery• SWT • CCR Reformer• MTBE / TAME • SRP• ASU

Ecuador• Quito Branch• Esmeraldas refinery• Manabi F/S, CEP, BEP

Indonesia• Polyester• 3rd LBO• MSG• LNG to Bali• Telkom FTTH

Australia• Gladstone LNG

Colombia• Bogotá Branch• RFCC Revamp

Panama• PACO Coal Fired

Bolivia• Gas Compression Station

Yemen• LNG Offsite

Iraq• Daura Refinery BDP

Singapore• Jurong Aromatics Complex • DTL-2 C915 / DTL-3 C930 Metro• Sentosa Gateway Tunnel• Cable Tunnel EW-2, NS-2

India• Mangalore Crude Oil Storage Cavern• Padur Crude Oil Storage Cavern• Surat-Manor Highway

Vietnam• NSRP Marin Works

Laos• Laos Xe-Pian Xe-Namnoy Hydroelectric Power Plant

United States• PET

Oman• DHDS

UAE• Sulfur Handling II • Bab Gas Compression • RRE (Ruwais Refinery Expansion) • RHC Project• PISA Project

Saudi Arabia• Jubail Export Refinery (Utility)• Yanbu Export Refinery• Wasit Gas Project• Jazan Refinery• KAPSARC Project

Qatar• Dukhan Project• GSUP Project• Doha Metro Red Line North

China• ABS

Kuwait• BS-132 / BS-131• 4th Gas Train Project (FEED)• KOC GC-24• KPPC Aromatics• Facilities Modernization Project• GC-15 and BS-130• MAA Refinery-Reconstruction• ACID GAS Removal (AGRP)• Main Gathering Center Revamping• Elevated Substation

Venezuela• Junin CEP, BEP

Canada• Petrocanada Insulation CM• Suncor FHSE FEED• Husky RLTP Ph.1 FEED

SK E&C’s StrengthSK E&C strives to become a Total Solution Provider Integration and convergence of core competiveness in SK Group deliver full value-chain for business development including EPC service.

Core Competency by domain of SK GroupDevelopment Structure

Equity(Sponsor)

Government, Public

enterprise

Rightto develop

EPCContract

O&MContract

O&M

EPC

Strategic Partner

MainEquip.

Project Organizing - Total Service from Planning to O&M

(Group Pkg. Partnership)

Partnering Structure - Collaboration with Investor, Developer,

EPC & Main Equip. Vendor (incl. O&M service)

Developer

Planning/Development

EPC

FeasibilityStudy

O&M

Basic Eng’g

Detail Eng’g

Procurement

Construction

Commissioning

EPC Core Competency

: Cost/Delivery

Execution of Global EPC

O&M Experience Technical Advisory

Equity Injection

Experience as Developer

Feasibility Study

ECA Financing

MLA, Commercial Bank Loans

Global Operation Networks E&P Experiences Stable Fuel /Feedstock supply

Connecting point with

Supply Chain

Fuel Supply

Group Synergy

DebtFinancing

Fuel/Feedstock Supplier

FinancingArrangement

SK E&C is currently constructing the Eurasia Tunnel Project in Istanbul using a tunnel boring machine (TBM)

Projects in Turkey (1)

•Sponsor : SK Affiliates + Yapi Merkezi •Location : Istanbul, Turkey•Length : 14.6km (tunnel 5.4km / road 9.2km) •Period : Mar. 01, 2012 ~ Oct. 31, 2016•Scope : Investment + Financing + EPC•Features : - Under-sea TBM tunnel

• (D:12.5m, shield type) 5.4km• - Construction of connection roadway 9.2km• - Tollgate and interchange facilities

Eurasia Tunnel Project

SK E&C is capable of building complex bridges based on various experi-ences. We started constructing the Bosphorus 3rd bridge last June.

•Client : KGM (Karayolları Genel Müdürlüğü)•Location : Istanbul, Turkey•Period : Jun. 2013 ~ Oct. 2015•Scope : EPC •Features: - Construction of cable-stayed suspension bridge - Construction of A-shaped concrete tower 321.9m height from the shaft level

- Total bridge length : 2,164m - Main span length : 1,408m - Total bridge width : 57.2m

Bosphorus 3rd Bridge

Projects in Turkey (2)

Tufanbeyli Thermal Power Project

•Client : EnerjiSA•Location : Tufanbeyli, Adana, Turkey •Capacity : 450 MW (150MW x 3)•Fuel : Lignite•Scope : EPC + Financing Arrangement •Period : Mar. 2011 ~ Feb. 2015 •Status : Under Construction•Features : 3 units of CFBC Boilers 3 units of Steam Turbine Generator

SK E&C is constructing a lignite fired power plant in Turkey respectively the Tufanbeyli Thermal Power Plant Project since 2011.

Projects in Turkey (3)

Buyukefe IPP Power Project

•Sponsor : SKE&C, KOSEP, D-Energy•Location : Aydin, Turkey •Capacity : 141 MW•Fuel : Natural Gas•Scope : Investment, EPC & O&M•Period : Construction( 2014 ~ 2016) Operation (45 years after COD ) •Status : Under Financing•Features : 2 units of Gas Turbine Generator 2 units of Heat Recovery Steam Generators (HRSG) 1 unit of Steam Turbine Generator

SK E&C is currently developing a gas fired IPP project in Turkey with a local IPP developer.

Projects in Turkey (4)

Win-win Strategy

Business Opportunity

Create Synergy

SK E&C’s Value

Turkish Contractor’s Strength

• Focusing in Turkish Market • Expanding to Neighboring Country

• Price Competitiveness• Long-term Partnership

• Global Experience in Project Development and EPC• Reliable Quality & Advanced Technology• Delivery of Competitive Financing Package

• Good Market Knowledge• Sufficient local contents • Wide Network

SK E&C’s Today realizes Your Dream TomorrowWe build the future that you dream of