APRIL 2008

ir.orionworld.com

Ticker 001800KS

1

91.7% Orion Food Co.

100% Orion Food(S) Co.

100% Orion Snack Co.

100% Orion Food(G) Co.

100% Orion Food Rus Co.

100% Orion Food Vina Co.

ConfectionaryConfectionary

90.3% OCN

64.8% Badook TV

78.5% On Game

92.9% DigitalOnmedia

76.0% Donggu

65.3% Soosung

68.9% Youngdong

52.8% Dongbu

100.0% Orion Snack

57.5% Mediaplex

100.0% Sports ToTo Online

International

49.0% Beijing Zhongguan

63.2% Sports ToTo

88.8% Rise On

Megabox Cinema

2

2003 2004 2005 2006

46%46% 40%40% 37%37% 46%46%

33%33%34%34%

21%21%30%30%

7%7%

26%26%

28%28%

36%36%

11%11%21%

18%

18%-12%

Sports Betting

EntertainmentRestaurantConfectionery

(KRW : billion)

1,168.8

1,383.0

1,632.51,429.3

2003 2004 2005 2006 2007

86%86% 62%62%

9%9% 7%7%

6.0%

69.9

--45%45%

50%50%

--31%31%

85.1

Growth (yoy)

62%62%

35%35%

164.2

1%1%

48%48%

16%16%

21%21%

187.9

48%48%

31%31%

13.1%

2007

51%51%

7%7%

26%26%

16%16%1,414.5

-1%

21%21%

168.9

26%26%

51%51%

24%24%

EBIT margin

6.2%

6.4%

11.9%

3Production Base

4 Geographies 60 countries12 Production bases

KoreaGreater China

Russia (CIS, East Europe)Vietnam (Southeast Asia)

2003 2004 2005 2006

90%90% 88%88% 82%82%

10%10% 12%12%

18%18%

7%4%

10%

Overseas

Local

(KRW : billion)

537.0557.4

612.8

Growth (yoy)

78%78%

22%22%

8%

661.9

2007

71%71%

29%29%

9%

719.3

513.0 512.1502.9488.1482.0

4

16.3%16.3%

27.0%27.0%

16.5%16.5%

40.2%40.2% 2007

CROWN

LOTTEORION

HAITAI

ORION27.1%

28.1%

25.3%26.1%

2003 2004 2005 2006 2007

27.0%

40.1%

LOTTE40.3%39.7% 40.2%40.0%

2003 2004 2005 2006

1,838

1,9061,871

3.7% -1.8%

Growth (yoy)

(KRW : billion)

1,865

-0.3%

1,826

-1.9%

1,893

2007

Biscuit

Snack

Gum

Pie

Choco

Candy

3.7%

5

R&D (with Swedish AAK)

Trans fat reduced to Zero for all products

Snack

(Palm Oil Sunflower Seed Oil)

(2001~2007) (2001~2007.6)

Started to express ingredients and nutrition of the product on the package

Saturated fat acid reduced by ¼ (83%)

Palm oil Olive oil

Sugar Oligosaccharide

6

Launching 4 healthy Energy Bars

Improving existing products healthier

MSG Artificial Color

Food Preservative

NO NO NO

Calcium Protein Iron DHA Fiber Collagen Whole Grain

CPF Balance

arbohydrate 65%

at 20%

rotein 15%

R&D (with Seoul University, Dr. Tae Woo, You)

High Protein Bar (Soy Bean)

Cereal Bar (99 Kcal)

- 120Kcal, Chia Seed which is good for diet

- Low cal product with vitamin, fiber and mineral

- 100% Whole Grain cake coated with dark chocolateAdopting Green Package system

(environment friendly – bean oil)

Dark Chocolate Cake

Rice Bar

(2001~2008)

- 100% organic rice base bar

7

1997 1998 1999

Operating Profit Margin

Gross Profit Margin

1999 2000 2001 2002

452.7455.7

479.2

528.9

(KRW:billion won )

12%40.7%

38.1%

11%

7%

38.4%

147.4

106.2

142.3

100.7

151.6

110.8

150.6

110.3

0.7%

5.2%

10.4%Growth (%, yoy)

SalesManufacturing CostsMaterial Costs

8

2004 2005 2006 2007

(KRW:billion won )

ChinaRussia

2003

51%

25%

24%

54.8

48%

26%

35%

68.9

53%

25%

22%

109.5

58%

23%

19%

147.9

58%

19%

22%

Vietnam etc207.2

CAGR : 41%

Orion Food G Company (Gwangzau)

Orion Food Company (Beijing)

Orion Food Russia (Moscow)

Orion Snack Company (Beijing)

Orion Food S Company (Shanghai)

Orion Food Vina Company(Hochimin)

9

BeijingQingdao

ShanghaiGuangzou

City Agents

2002004 4 85 12185 121

20052005 150 200150 200

20062006 230230 285285

20072007 350350 340340

2003 2004 2005 2006 2007

53.3

55%

45%

ExportLocal

52%

48%

63.9

94.7

61%

39%

71%

29%

122.5

79%

20%

153.6

CAGR : 43%

122.1

86.5

58.033.229.3

2005 2006 2007

108%115% 95% 132% 93% 127%

OFC

OFS

OFC

OFS

10

Utilization ratio

11

• No.1 Brand recognition for the last

5 years (CCTV/People’s Daily)

• Pie Market Share 60%

• 300 mn pieces

• OFC (Beijing) / OFS (Shanghai)

OSC (Beijing) / OFG (Gwangzau)

• Only selling on cash (NO A/R)

Brand Recognition

Market Share

Numbers of ChocopieSold per a year

Production localization

Bargaining power

12

2003 2004 2005 2006 2007

OFR

Local

13.4

1.9

17.8

27.2

5.7

33.3

17.5

38.8

29.0

IRK●

KRY●

★●

ROS

NOV

KRS EKA

★

SPB

MOSZveni

TverITverII4 trn Market

2 trn Market ★

★

8 trn Market

VLD★Kazakhstan

Ukraina

Ural mountains

CAGR : 30%

★SAM

●

13

HANOI

DANANG

DALAT

HO-CHI-MIN

* * Age Group under 25 accounts for 50% its populationAge Group under 25 accounts for 50% its population

2003 2004 2005 2006 2007

OFVLocal

4.2

1.4

6.9

26.8

8.6

5.2

16.6

CAGR : 41%

14

77.149.611.1-13.0 -40.4Net Profits

77.149.611.1-13.0 -40.4RecurringProfits

86.758.125.7-24.6-31.6Operating Profits

229.7164.290.0 18.0 0.1Sales

1,325.2912.1457.2138.828.3Bet Size

20072006KRWbillion 2003 2004 2005

28.5%

35.4%37.7%OPM

Pools Betting

Fixed Odds

Products

Deregulated twice

1st, 2nd DeregulationsMore Sports Added (2 6, International Events)

Increase in # of Rounds (90 1000)

Fixed Odds Game

-136.7%

-31,600%

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