DOHWA CONSULTING ENGINEERING CO.,LTD

Earth Designer, DOWHA

2

C·o·n·t·e·n·t·s

- Prologue

Chapter 01, Company Overview

Chapter 02, Investment Points

Chapter 03, Growth Strategy

Appendix

3

Prologue

01. Industrial Positioning of Construction Engineering

02. Focus on Consulting Engineering Industry

03. Why Dohwa Consulting Engineers Co., Ltd. ?

4

Multi disciplinary Engineering

Plant

CMConstruction Management

Prologue01. Industry positioning of Construction Engineering

“ Construction Engineering Industry operating various special works on Construction Technology ”

Civil Engineering consulting Architects

DOHWA Consulting

Engineers Co.,Ltd.

. Yooshin Co.

· HanmiParsons Co.

· Heerim Architects Co.

· Samwoo Architects Co.

· Samsung Engineering Co.

· Hyundai Engineering Co.

5

Whole processWhole process

Whole processWhole process

02. Focus on Construction Engineering Industry

“ We provide high quality consulting services in major engineering fields except construction ”

Whole process

Feasibility study

Plan Design Construction Supervision

· By the construction

companies

· Needs the heavy investments such as construction machineries

Tender Business type RegionClients

Details

• Government Supply• Private supply(Domestic)

• PQ, TP,

• T/K• BTO, BTL

• Design• Supervision

• Domestic market• Overseas market

* PQ(Pre-Qualification)* TP (Technical Proposal)* T/K(Turn-Key)

Prologue

6

03. Why Dohwa Construction Engineering Co., Ltd. ?

FeasibilityStudy Basic

Plan

Supervision

“ Dohwa is competitive in 4 areas, we are the leading company ”

Prologue

Stability No.1 sales volume from Korea

industrial field

Over 81% of government supplies

Keeping top orders and contracts

Growth Expansion of environmental plant

business

Aggressive development in overseasmarket

Expansion of the green growth project

ProfessionalismOver 50 years of business Know-How

Highest service records in business

Excellent technical staffs

Profitability Minimize the outsourcing projects

Quality control and Assurance

High performance ability per staff

7

- Corporate Identity

01 .Company overview

02. Company History

03. Business Portfolio

04. Main Businesses - Design

05. Main Businesses - Supervision

06. Main Businesses - New Growth Engine

07. Performances

Chapter 01 Corporate Identity

8

IntroductionIntroduction

The board of Director The board of Director

• Vice president of Korea water and wastewater works association

• 1969~1977 @ Ministry of Construction

• 1966 Seoul Univ. / civil Engineering

Chapter 1 Corporate Identity

Company Dowha Consulting Engineers Co.,LTDCapital(2010)

8,430 million KRW (USD 7,536,879)

Established August 15, 1957IndustrySector

Engineering, Supervision, Surveying, GIS

CEO Kim young yoon Staff 1,840 employees (As of Sep.2010)

Address 942-1, Daechi-dong Kangnam-gu,Seoul, korea Website www.dohwa.co.kr

The board of Director

“4 CEOs who have considerable expertise in their area enabling successful and efficient company management ”

• Professional Engineer Harbor costalengineering

• 1975~1979 worked inDohwa at Harbor & Coast

division

• 2001 Master degree @Seoul National Univ./civil engineering

• Professional Engineer water and wastewater engineering

• 1993~2006 worked inDohwa at water division

• Dongguk Univ./ civil Engineering

• Professional Engineer of Supervision /Construction

• 1966 Donga Univ./civil Engineering

Introduction

Co-CEO Lee Yoon Han Co-CEO Ro Jin Myung Co-CEO Moon Hee Uk

01. Company Overview

Chairman Kim Young Yoon

9

GLOBALTOTAL

ENGENNEERING CONSULTINGCOMPANY

“ SINCE 1957 from the First to the Best , To be the Global Total Engineering Consulting Company ”

1950~1970• Established in 1957

• Registered with the Ministry of Science and Technology as an engineering service provider

• Established a branch Office in Teheran, Iran( Approved by the Bank of Korea )

• Registered with ADB & IBRD for provision ofconsulting services for projects funded by these banks

1980• Registered with the Ministry of Construction as an overseas engineering services provider (No. 5)

• Awarded by the Korea Land Corporation, Best Consulting Service Prize

• Awarded by the President of The Republic of Korea, Bronze Tower Industrial Medal

1990• Registered with the Ministry of Construction as a constructionsupervision service provider

• Registered with E.E.C. for provision of consulting services for project funded by this bank

• Registered with the Ministry of Construction as a construction contractor in Civil and Architectural Works

• Obtained the certification by SGS International Certification Services Ltd

2000• Established a branch office in Vietnam

• Established a branch office in Kazakhstan

• Received a presidential citation of developing of construction new technology

• Listed on KOSPI market 12 of Aug,2010

02. Company history Chapter 1 Corporate Identity

Establishment

Jump-Up

Growth

Progress

10

The main divisional annual turnover (2009)The main divisional annual turnover (2009)

“ Securing Stable Orders ”

Government Supply

Government administration Dep.

Local Government

Government Public Enterprise

Tenders

BTO1

BTL2

1. Build-Transfer-Operate2. Build-Transfer-Lease

Supervision

781

615

334248 236

179

590

1042

Urban Water/Waste

water

Water

Resource

Environment Structure Design Supervision Construction Others

Design New growth engine

The main divisional annual turnover (2009)

• Sales Volume of Design covers 77% ofwhole sales.

• Water related(Water works, Water resources)areas cover 30.7%

25.3%

19.9%

10.8%8.0% 7.7%

19.1%

(Unit : million KRW)

Annual turnover 20093,087million KRW

“ Leading Position in the sectors of urban engineering , Water and Sewage part, Water resources ”

5.8%

02. Business Portfolio Chapter 1 Corporate Identity

Local Government

Government administration Dep.

11

“ Having the best competitive company in the industry, fully meeting the requirements of variousconstruction engineering projects ”

Water &Wastewater

Water Resources

Urban Engineering

Environment

Railway

Road & Structure

Harbor & Coast

Geotechnical Engineering

Engineering

• Urban Planning and Design• Redevelopment, regional planning, land use planning,

site planning and design etc.• Housing impact analysis, population impact analysis• Civic open space, tourist, recreation development planning

• New & Renewable Energy • Wastewater treatment facility• Environmental Impact

assessment(EIA)• plant

• Feasibility study of railwaywork and plan

• Design railway track • Supervision of whole railway

construction

• Close-to-nature river improvement• Dam and Hydropower plant• Ground water development• Bank filtration development• water resources planning and

management

• Water Supply and treatment• Water distribution• Transmission and • Distribution network• Treatment plant

• Road, traffic and Transportationstudies (Highway structure)

• Railway and rail transport

• Design & engineering subsoilimprovement ,earth worksincluding embankment

• Construction estuary

• Commercial, industrial and fishing ports• Container terminal, river and sea transport• ship locks, dry docks and shipway

03. Main Division - Design Chapter 1 Corporate Identity

12

Supervision project fieldsSupervision project fieldsOver 240 projectsOver 240 projects

“ Consistently bring skilled technologies & rich experience to projects performed”

Over 240 projects Supervision project fields

• JeonJu sewage treatment plant 1,2 stage • Hakik sewage treatment plant system • Ulsan water treatment plant• Jongrang sewage treatment plant • Aphae-woonnam road expansion, construction• Inchon International airport stage 2 construction management

• Seoul subway line 2,6 and many others

• Detailed Design for GMS Southern Coastal Corridor

Project Minh Luong to Thu Bay Section in Vietnam• Detailed Design for Northern GMS Transport Network Improvement Project and many others.

Selected notable projects

Gang Won province 15

Metropolitan Area 71

Gyeong Sang province 72

Chung Cheong province 28

Jeolla province 52

Jeju Province 5

03. Main Division - Supervision Chapter 1 Corporate Identity

Domestic Market

Domestic market

Overseas market

13

“ Future development leading changes in the construction engineering market ”

Environmental Plant

Overseas Business

Green Growth

• Increased usage of recycled resources recycling,clean energy

• Alternative water and green life spaces

Established a branch office in Vietnam 2007

Established a branch office in Kazakhstan 2008

• Signing MOU with various middle eastern, SoutheastAsian and Central Asian regional businesses, developing new overseas markets

Recycling system and facilities

• Setting up the environmental plant department in march,2010• Waste Incineration System, sanitary landfill, Wastewater Treatment Systems

• Expand the various project of environment energy business

Expanding the green traffic network

Creation of low carbon emitting green living spaces

Through R&D ,developing high value-added environmental technology

04. Main Division – New Growth Engine Chapter 1 Corporate Identity

14

Sales status

240

283

326

179

2007 2008 2009 10'2Q

214

239

288

171

Profit status

Unit : Million KRW

11%

operating

performanceratio

net income operatingProfit

1,489

1,724

2,391

1,663

530 562 590

434

12755

10443

8

261

2 1

2007 2008 2009 10'2Q

design supervision construction others

2,154 2,602 3,087 1,663

Unit : Million KRW

05. Performances Chapter 1 Corporate Identity

11% 11% 11%

15

Chapter 02 Investment Highlights

- Investment Highlights

01 .Growing the market

02. Market share ranking No.1 in civil engineering industry

03. Top ability of R&D

04. Competitiveness and Specialized expertise

05. Financial soundness

16

Changes in domestic construction companies overseas order records year on year

Changes in domestic construction companies overseas order records year on year

Order status for construction Engineering against SOC investment in domestic market

Order status for construction Engineering against SOC investment in domestic market

“ The continuing growth of the construction engineering industry ”

Order status for construction Engineering against SOC investment in domestic market

Changes in domestic construction companies overseas order records year on year

Unit : billion KRW

22.924.5

27.1

3.3 3.94.6

2006 2007 2008

source : KENCA

Unit : million $

source: ICAK

165

398

476 491

1,088

2006 2007 2008 2009 2010E

2006~2009CAGR 43.8%

14.4%

15.9%

16.9%

Investment amount on SOC

Orders on Construction Engineering Company

Order ratio

01. Growing the market Chapter 2 Investment Highlights

17

Market share of the 5 highest ranking companies (2009)

Market share of the 5 highest ranking companies (2009)

Dohwa manpower (Sep,2010)Dohwa manpower (Sep,2010)

“ Our technical manpower commands the highest market share in the construction industry”

Market share of the 5 highest ranking companies (2009)

PQ. : the document uses in bid

Evaluation criteria by (PQ)1

Other 6 Co. 29%

Dohwa18%

S Co.17%

Y Co.14%

Other 6 Co. 29%

Dohwa

S Co.

K Co. 11%

H Co. 11%

Chapter 2 Investment Highlights02. Dohwa , Top Market share in construction engineering industry

Junior Engineer

Dohwa manpower (Sep,2010)

468

367

209

478

147

182

The special engineers

High-Level engineers

Administration Dep.

Professional engineers

Contents Points

Engineers 50

Experiences & Performances 15

Credibility 10

Technical approach and methodology 15

Work Plan 10

1,851

18

“ Acceleration of our technical development, reflecting the immediate needs of the industry ”

New Technology 3%

Utility model5%

Over 230

(September,2010)

Main patent (210)

• Quick filter spinal backwash auto salvage device

• Sewage Tallinn device etc.

Patent92%

03. Leading R&D Chapter 2 Investment Highlights

• Safety inspection system of highway structure & bridge

• Civil industrial PHC system

New Technologies (8)

Utility models (12)

• New System wall & fence

• SBAF

19

Through expertise to ensure competitivenessThrough expertise to ensure competitivenessThe Main Company of Urban engineering & water and waste water division order ratio in the past three years

The Main Company of Urban engineering & water and waste water division order ratio in the past three years

“ Through our expertise ,we are leading the growth in Urban/Water and waste sector for the past 3 years ”

(2007~2009)

Projectperformance

ability

Securely and keeping orders

Create the high profitability

High skilled manpower

ThoroughQuality control

The highest number of

professional engineers

Throughstandardization

to save the costs

Through expertise to ensure competitiveness

20.1

15.2

4.3

12.7

21.920.9

10.1 10.6

DOHWA S co. Y co. H co.

Water&Waste water Urban Engineering

unit : %

ISO 9001, 14001

The Main Company of Urban engineering & water and waste water division order ratio in the past three years

04. Competitiveness and Specialized expertise Chapter 2 Investment Highlights

20

Main Order & Sales Volume (2009)Order balance in yearOrder balance in year

“ We have built up a stable financial foundation from consistently growing our Oder Balance past 3 years and capturing over 81% of Government Supply orders to date ”

Order balance in year

Unit : Million KRW

1,678

2,126

2,567

1,423 1,430

1,972

39 46149

2007 2008 2009

Design Supervision Construction

Main Order & Sales Volume (2009)

3,140 million KRW 3,602million KRW 4,688million KRW

Unit : Million KRW

1,827

573

104

563

16 0

Design Supervision Construction

Government Supply Private Supply

76%

97%

100%

The record is over 81% from Government supplies

05. Financial soundness Chapter 2 Investment Highlights

21

- Growth Strategy

01 .Participation in Green Growth projects

02. Concentration on Environmental plant industry

03. Aggressive development overseas market

04. Market Growth vision

Chapter 03 Growth Strategy

22

Green Growth project references

Green Growth project references

New Deal business of government

New Deal business of government

“ We have adopted a diversified growth strategy for continuous growth for the future”

Green SOCLow carbon clean, High efficiency industry technology

Eco-friendlyGreen living life

Main business

CoreIndustry

• The Four-River Restoration Project

• Expand green traffic network• Build green national information infra

• Alternative water, dam• Green car, clean energy• Resources recycling

• Forest biomass• Green land, green building• Green living life

New Deal business of government

Green Growth project references

• Related business with the 4 Major Rivers restoration project, alternative water resources , construct a dam

Related business with green living space

Related business with the green trafficnetwork

Related business with recoursesrecycling

• Ham-an river reorganization project• Hwasoon flood control design service • The upper region of the Naesong rivermaster plan

• Heunghae-Kigye highway construction• Kyungbu/Honam high-speed railroad construction.

• Bike-lane master plan

• Tong yong RCE Eco-park project• National baekdudaegan arboretum project• Marine Resort project

• Sunchun recycling• Guangju Waste Composting facility • Recycling business in Dangu

Related business with Clean ,Solar and Windmill Energy energy

Related business with Wind power business

• Solar Power project in Vietnam• Solar irrigation pump and homesystem project in Bangladesh

• Feasibility study for Offshore Wind Energy Resources in Hangman

• Kangwon wind power construction

01. Participation in Green Growth projects Chapter 3 Growth Strategy

23

“ We have secured new growth engine through the Environmental Plant industry, which is a high value-add market”

General plant market trend

Environmental

Plant market

Government project(Green road map)

(Investment amount : 5 trillion won by 2013)

SECURE the new growth

Strategy

WarmingGas reducing

business

New & Renewable

Energy

• Petrochemistry

• Thermal powergeneration

• Large scale financial investment business , Keen competition• Developed countries and major companies dominated the market in advance

RecyclingBusiness

• Blue Gold Water Industry 3 trillion and 460.9 billion won

• Solar energy industry (invest amount of R&D 609.5 billion won• Environmental housing complex, Green land Development

• Enter the Environmental industry market (2010)

• Participate in the Environmental industry with the various domestic performances

02. Concentration on environmental plant industry Chapter 3 Growth Strategy

24

Southeast AsiaEstablish the branch offices Central Asian, the Middle east

“ Aggressive development Overseas Market focused on Asian development Countries ”

Increase the overseas market by the established Overseas branch

Vietnam (2006~2009)∙ Establishment of the Basic Plan for

development of Hanoi’s Hong River Area∙ Detailed Design for GMS Southern Coastal

Corridor Project Minh Luong to Thu BaySection

∙ Design for Dong Truc – Ngoc Liep Ecological city development

∙ Detailed Design for Thien Tan water SupplyProject Phase Ⅱ

∙ Hai Phong International Gateway Port Project∙ Feasibility Study of Wastewater Treatment

Project in Viet Tri City

Kazakhstani(2008~ On-Going)∙ Detailed Design for Al-Farabi IC UnderpassConstruction in Almaty City

Lybia (2010)• Established the branch office in Sep.

From 1973,enter the overseas market

Iran/Iraq Bahrain

Oman Uzbekistan

Indonesia(2007)

∙ Feasibility Study for Tanjung Api-Api Port development plan

∙ 2nd Review on Padang Bypass feasibility study

Philippines(2008)∙ Feasibility Study and Detailed Design on

the improvement of Malinao Dam, BoholProvince

∙ Feasibility Study for Sanitary Landfill Construction for Solid Waste in North Mindanao, the Philippines

Cambodia(2009)• Feasibility study for Kampong Cham wangkyubuilding a steam power generation plant

Laos (2009)• Detailed Design for Northern GMS Transport

network improvement project (Xieng Nguen – Park Khone)

Iran(1975)• Engineering of Koransha port

Iraq(2005)∙ Detailed design for waste landfill at Arvill

Bahrain(2009)• Sewage disposa plant service in Muharraq

Oman(2009)• Darsait Sewage treatment service

Uzbekistan(2009)∙ Feasibility study for Water Supply &

sewerage Construction in Navoi Free industrial Zone

Indonesian Philippines

Cambodia Laos

Vietnam Kazakhstani

India/Algeria

Further investments on SOC

03. Aggressive development overseas market Chapter 3 Growth Strategy

Acceleration of overseas market expansion

25

• Sales volume Ranking No.1 based on high Profitability

performances

• Securing of stable customers by Government

supply portion over 81% in Service sales

• Financial Soundness proved by High Order Balance

Ranked No.1 company in this industry Establish stable business foundation

Aggressive Overseas Market Expansion

Rush to Environmental Plant Industry

Participation in Green Growth Project

“We are closing in on our vision to be a global engineering company, covering all aspects of design, building and operations ”

SOC investment

Projects by

Government

Increase the overseas

project of construction

industry

04. Market Growth Vision Chapter 3 Growth Strategy

26

Appendix

01. Financial summary(F/S)

27

Statement of profit and loss Statement of profit and loss Balance sheetBalance sheet

2007 2008 2009 2010 2Q

Current asset 84,816 110,648 71,019 93,687

Quick asset 62,067 101,001 61,496 84,236

Inventory asset 22,749 9,647 9,524 9,451

Noncurrent asset 47,239 48,622 215,109 213,357

Investment asset 2,616 3,143 7,523 6,570

Tangible asset 38,458 38,045 198,256 199,128

Intangible asset 529 426 352 278

Othernoncurrent asset

5,636 7,007 8,978 7,381

Total Assets 132,055 159,270 286,128 307,044

Current liabilities 29,092 36,459 134,474 139,936

Non-current liabilities

9,125 7,267 9,570 10,114

Total liabilities 38,217 43,736 144,044 150,050

Capital 7,430 7,430 7,430 7,430

Capital surplus 11 11 11 12

Accumulatedincome

86,397 108,093 134,642 149,552

Total capital 93,838 115,534 142,084 156,994

Balance sheet

2007 2008 2009 2010 2Q

Turnover 215,401 260,287 308,708 166,305

Cost of sales 180,161 219,004 260,087 139,273

Profit margin on sales

35,240 41,283 48,621 27,032

Selling andAdministrative

Expenses11,223 13,009 16,001 9,084

Business profit 24,017 28,274 32,620 17,948

Non-operatingIncome

5,270 4,321 5,485 4,876

Non-OperatingExpense

290 723 1,381 1,137

Income BeforeTaxes

28,997 31,872 36,724 21,687

Income TaxExpense

7,560 7,946 7,945 4,548

Net income 21,437 23,925 28,779 17,139

Statement of profit and loss

Unit : one million won

01. Financial Summary Appendix

Unit : one million won