Doosan Bobcat (241560) Corporate Presentation summary

Company overview

• Manufactures construction, portable power, and material handling equipment, with a global presence and nearly 10,000 employees as of September 2024.

• Achieved key milestones such as launching the first compact loader, expanding globally, and introducing electric and hydrogen-powered equipment.

• Revenue in 2023 was primarily from compact construction equipment (51%), with North America accounting for 74% of regional sales.

• Demonstrated consistent growth since its 2016 listing, with revenue CAGR of 11% and EBITDA CAGR of 9%.

Growth strategy

• Targets $12B in revenue by 2030 through organic growth and M&A, aiming to outpace the construction equipment industry CAGR.

• Focuses on expanding into adjacent sectors such as mining, forestry, logistics, and agriculture via M&A.

• Leverages core competencies and innovation, including all-electric and autonomous equipment, to drive future growth.

Shareholder returns

• Commits to a 40% shareholder return ratio and a minimum annual dividend per share (DPS) of KRW 1,600 from 2025 to 2027.

• Transitioning to quarterly dividends and announced a KRW 200B special buyback and cancellation in December 2024.

• Dividend yield and payout ratios have steadily increased, with a focus on stable and growing returns.