Performance Report as the end of 2024/Q1

(Unit : 1 Billion KRW)

21 Q1 21 Q2 21 Q3 21 Q4 2021 22 Q1 22 Q2 22 Q3 22 Q4 2022 23 Q1 23 Q2 23 Q3 23 Q4 2023 24 Q1
Data Service
Revenue 5.70 6.20 6.60 6.88 25.38 7.22 7.42 8.32 8.10 31.05 8.63 8.99 9.15 9.70 36.47 8.34
Operating Income 2.34 2.63 2.55 2.60 10.11 3.08 3.15 3.40 3.47 13.10 3.11 3.40 3.09 2.02 12.08 2.11
OPM 41.0% 42.4% 38.6% 37.8% 39.8% 42.7% 42.5% 40.9% 42.9% 42.2% 36.0% 37.8% 33.8% 21.2% 33.1% 25.3%
Payment Service
Revenue 8.12 8.75 8.54 8.38 33.79 8.18 8.11 8.04 7.31 31.64 7.70 8.16 8.16 7.81 31.83 8.66
Operating Income 1.54 1.28 1.61 1.83 6.26 1.82 1.89 1.69 1.21 6.61 1.26 1.38 1.39 0.90 4.51 1.32
OPM 19.0% 14.7% 18.8% 21.8% 18.5% 22.3% 23.3% 21.1% 16.5% 20.9% 16.4% 16.9% 17.1% 11.5% 14.2% 15.3%
Total
Revenue 13.82 14.95 15.14 15.26 59.18 15.40 15.53 16.36 15.41 62.69 16.32 17.15 17.31 17.51 68.30 16.99
Operating Income 3.88 3.91 4.16 4.43 16.38 4.90 5.04 5.09 4.68 19.71 4.37 4.78 4.48 2.95 16.59 3.43
OPM 28.1% 26.2% 27.4% 29.0% 27.7% 31.8% 32.5% 31.1% 30.4% 31.4% 16.8% 27.9% 25.9% 16.9% 24.3% 20.2%

2023 Annual Revenue & Operating Income was 68.30billion KRW & 16.59billion KRW, respectively

2024/Q1 Revenue & Operating Income was 16.99billion KRW & 3.43billion KRW, respectively

NOTE

1) Expanding new Data Service business in 2024

2) Establishing infrastructure of Data business in 2024

YoY/QoQ Performance Analysis as of the end of 2024/Q1

(Unit : 1 Billion KRW)

Type 2020 2021 YoY 2022 2023 YoY 23 Q1 24 Q1 YoY 23 Q4 24 Q1 QoQ
Data service
Revenue 15.77 25.38 60.9% 31.05 36.47 17.5% 8.63 8.34 -3.3% 9.70 8.34 -14.2%
Operating Income 5.75 10.11 75.8% 13.10 12.08 -11.0% 3.11 2.11 -32.1% 2.02 2.11 2.2%
OPM 36.% 39.8% - 42.2% 33.1% 36.0% 25.3% 21.2% 25.3%
Payment Service
Revenue 33.60 33.79 0.6% 31.64 31.82 0.6% 7.70 8.68 12.5% 7.81 8.68 11.0%
Operating Income 5.25 6.26 19.2% 6.61 4.51 -25.4% 1.26 1.32 4.8% 0.90 1.32 49.0%
OPM 15.6% 18.5% - 20.9% 14.2% 16.4% 15.3% 11.5% 15.3%
Total
Revenue 49.37 59.18 19.9% 62.69 68.30 8.9% 16.32 16.99 4.1% 17.51 16.99 -3.0%
Operating Income 11.00 16.38 48.9% 19.71 16.59 -15.9% 4.37 3.43 -21.5% 2.95 3.43 16.3%
OPM 22.3% 27.7% - 31.4% 24.3% 26.8% 20.2% 16.9% 20.2%

2023 Company Revenue showed 8.9%YoY Growth & Company OP, 15.9%YoY Decrease

2024/Q1 Revenue & OP showed 4.1%YoY and -21.5%YoY Growth, respectively

NOTE

1) For the year 2024, our target YOY growth rate in revenue of Data Service/Payment Service/Company Total is 20~30%/5%~10%/10~15%, respectively.
- For the year 2024/Q1, our OPM of Data Service/Payment Service/Company Total is -3.3%/12.5%/4.1%, respectively
- Since worsening financial environment such as market interest rate hikes and customers request for fee reductions, Data Service revenue decreased


2) Company total OPM in 2024/Q1: 20.2%
- Expanding Data Platform by collecting healthcare data
- Financial Security Cloud Center modernization and renewal
- ISMS certification and Financial Supervisory Service (FSS) security audit response

Yearly Revenue/OP/OPM Trend

Yearly Revenue/OP/OPM Trend
(Company Total)

(Unit : 1 Billion KRW)
그래프 이미지
Type 2019 2020 2021 2022 2023
Revenue 39.53 49.37 59.18 62.69 68.30
Operating Income 6.31 11.00 16.38 19.71 16.59
OPM 16.0% 22.3% 27.7% 31.4% 24.3%

Yearly Revenue/OP/OPM Trend
(by the Service Sector)

(Unit : 1 Billion KRW)
그래프 이미지
Type 2019 2020 2021 2022 2023
Data Service Revenue 12.02 15.77 25.38 31.05 36.47
Operating Income 2.90 5.75 10.11 13.10 12.08
OPM 24.1% 36.5% 39.8% 42.2% 33.1%
Payment Service Revenue 27.51 33.60 33.79 31.64 31.82
Operating Income 3.41 5.25 6.26 6.61 4.51
OPM 12.4% 15.6% 18.5% 20.9% 14.2%

Revenue Ratio

Revenue Ratio of
Payment Service vs. Data Service

(Unit : 1 Billion KRW)
그래프 이미지
Type 2019 2020 2021 2022 2023
Data Service 12.02 15.77 25.38 31.05 364.7
Payment Service 27.51 33.60 33.79 31.64 318.2
Total 39.53 49.37 59.18 62.69 683.0

Revenue Ratio of Fees vs. Set-up Costs

(Unit : 1 Billion KRW)
그래프 이미지