Hanatour Service (039130) Corporate presentation summary

Company overview

• Leading outbound travel agency in Korea, serving one in five outbound travelers and one in three package travelers from Korea between 2014-2019.

• Achieved 65-fold growth in passenger numbers over 20 years, with a 21% CAGR, outpacing the overall outbound market.

• Operates with a dominant market share, extensive product development, and the largest distribution and global network in the industry.

• Recognized as Korea's top travel brand, with multiple awards for customer satisfaction and brand power.

• 21 subsidiaries (9 domestic, 12 overseas) and a diversified governance structure.

Financial performance

• 2024 annual revenue reached KRW 616.6 billion, up 50% YoY, with operating profit at KRW 50.9 billion (+49% YoY), both record highs.

• Net profit for 2024 was KRW 99.9 billion (+69% YoY), driven by tax benefits, legal settlements, and asset recovery.

• Q4 2024 revenue was KRW 142.2 billion (+19% YoY), with operating profit of KRW 13.6 billion (+22% YoY) and net profit of KRW 49.5 billion (+261% YoY).

• Operating expenses rose 50% YoY to KRW 565.7 billion in 2024, mainly due to increased raw material and personnel costs.

Market trends

• Outbound travel market grew 10x over 20 years, with rising demand due to higher income and leisure time.

• Package travel market showed a 17% CAGR for the company and 13% for the domestic market (2014-2018).

• FIT (Free Independent Traveler) market grew at a 12.5% CAGR (2012-2019), now accounting for 56% of travelers.

• Post-COVID trends include demand for differentiated, value-driven, small group, safe, and contactless travel.