Doosan Bobcat (241560) Corporate presentation summary

Growth strategy and progress

• Targeting $12B in revenue by 2030 through M&A, innovation, and leveraging core competencies.

• Near-term growth faces external headwinds like U.S. interest rates and tariffs, managed by inventory discipline and flexible pricing.

• Enhancing market leadership via agile demand response, product competitiveness, and channel optimization.

• Actively pursuing adjacent business opportunities and investing in next-generation technologies.

Shareholder return initiatives

• Shifted to quarterly dividends with a minimum payout of KRW 400 per quarter (KRW 1,600 annually).

• KRW 500 final dividend approved for payment after AGM; total dividends paid KRW 162.7B in FY25.

• Completed KRW 200B share buyback and full cancellation by February 2025.

• Shareholder return ratio reached 40.4%, recognized as a High Dividend Company.

• Improved market perception led to higher P/E and P/B ratios.

Capital allocation and financial stability

• Maintained cash reserves for resilience and growth, with net cash position rising from $33M to $353M from 2024 to 2025.

• Operates within 2.5x Net Debt to EBITDA, supporting disciplined capital allocation.

• Obtained first domestic credit rating (AA-, Korea Ratings, June 2025), enabling diversified funding.