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Dividend Info.

Stock Price Shareholder Info. Dividend Info.

Orion prepares to leaping forward with substantial growth.

Alongside our shareholders, we will create greater corporate value.

Dividend Distribution Policy

Dear Orion shareholders,

I would like to express my sincere gratitude to you for your keen interest in and unsparing support for the Orion Group as we chart our future course.

Since our split-off, we have vigorously overhauled our management practices for the sustainable development of our group by strengthening our key competitiveness, while seeking ways to enhance shareholder value.

The basic principle of our shareholder dividend policy is to enhance shareholder value from a long-term perspective based on continued growth, accompanied by stable cash dividends generated from the company's strong performance.

According to our principle of securing a balance between investments aimed at spurring growth and shareholder returns by improving our performance under reliable corporate management and accounting for our financial capabilities, we plan to provide stable dividends by determining the dividend payout ratio using 20% to 60% of surplus cash flow generated annually in the next three years.

We will continue to re-examine our dividend payout ratio by considering changes in the business landscape, investment plans for growth, corporate management performance, and the cash flow status, so it can be determined with flexibility. Through this, we will manage to achieve growth and enhance shareholder value.

We hope the disclosure of our dividend distribution policy will allow for more accurate predictions on dividends. If our dividend policy changes, we will inform you of this news and communicate with our stakeholders, so we can collect more variety of opinions and present improved shareholder return plans.

I look forward to your continued interest and unsparing support as we make strides in our business growth.

Orion Corporation
CEO Seung-woo Lee
Dividend Policy Guidelines
Dividend Policy Guidelines
Dividend payout ratio
  • We pay 20%-60% of free cash flow (FCF) based on separate profit & loss

    We conduct periodic evaluations of the dividend payout ratio and make a decision.

  • Disclosure of how we calculate FCF

    We disclose our material on operating profit, depreciation expenses, corporate tax expenses, working capital & facility investment data (based on business report).
Dividend plans
  • Dividend period: The dividend payout ratio is maintained for at least 3 years for stability (2022-2024 corporate fiscal year).
  • Dividend plan reviews: We re-examine various factors, including changes in the business landscape, investment & management performance, and the cash flow status.
  • Communication on dividend plans: If our dividend distribution policy is revised, we duly disclose this information and communicate with our shareholders.
Form of dividend payouts
  • Cash
Payment date
  • Annual dividend (paid within one month from the General Meeting of shareholders)
FCF Calculation Method and Standards for Separate Profit & Loss
FCF Calculation Method and Standards for Separate Profit & Loss
구분 Category 2022 2021 2020 2019 2018 2017
Operating Profits 1) 1,402 1,309 1,142 1,078 922 450
+ Depreciation 2) (Depreciation of tangible & intangible assets) 426 458 452 430 390 218
EBITDA 1,828 1,768 1,594 1,508 1,312 668
- Corporate tax 1) (corporate income tax paid) 347 284 245 202 161 0
- Increase/ decrease in working capital 2) (Increase/ decrease in accounts receivable + Increase/ decrease in inventories - Increase/ decrease in accounts payable) -281 79 -54 8 -2 59
Operating cash flow 1,201 1,563 1,295 1,314 1,149 727
- Facility investment (CAPEX) 2) (Acquisition of tangible & intangible assets) 378 396 356 434 619 484
Free Cash Flow 8231,167 939 880 530 243
Cash dividend (Dividend/ FCF) 376 296 296 237 237 237
Dividend payout ratio (%, compared to FCF) 45.6% 25.4% 31.6% 26.9% 44.7% 97.7%
Face value/ share (KRW) 500 500 500 500 500 500
Cash dividend/ share (KRW) 950 750 750 600 600 600

1) Based on separate profit & loss 2) Based on separate cash flow

Dividend Information
Dividend Information
Item Unit 2022 2021 2020 2019 2018 2017
Face value/ share KRW 500 500 500 500 500 500
(Separate) Net income 1 million KRW 104,657 92,263 75,659 76,478 70,765 34,264
(Separate) Earnings per share KRW 2,648 2,334 1,914 1,935 1,790 867
(Separate) Free Cash Flow (FCF) 1 million KRW 82,314 116,729 93,894 88,026 53,024 24,343
Total cash dividend 1 million KRW 37,552 29,647 29,647 23,716 23,716 23,716
Dividend payout ratio %, compared to FCF 45.6% 25.4% 31.6% 26.9% 44.7% 97.4%
Dividend yield % 0.7 0.7 0.6 0.6 0.5 0.6
Cash dividend per share KRW 950 750 750 600 600 600