erae Automotive Systems Co., Ltd. (Formerly Korea Delphi Automotive Systems Corporatio Business Report FY ended Dec. 2015

Financial Overview (Consolidated)

(in millions of won)

	FY ended Dec. 31, 2015	FY ended Dec. 31, 2014	Rate of change (%)
Sales	1,085,413	1,141,824	(4.9)
Operating income	10,762	(14,710)	-
Net income	1,445	(15,578)	-

Parent company change

-erae CS, an automotive body parts manufacturer based in Gimhae, Kyongsang-namdo, Korea, announced that it has acquired an additional 50.0% stake in Korea Delphi and converted it into its subsidiary. erae CS currently owns 92.3% of Korea Delphi shares. erae CS operates its plants in Gimhae and Daegu. It also has a factory in Uzbekistan. (From a press release on September 30, 2015)

Awards

-The Company received the FY 2014 Toyota Quality Award from Toyota Motor Engineering & Manufacturing North America, Inc. in March 2015. The award was given for the company's SP-15 compressors that were supplied to Toyota North America and achieved zero ppm in 2014. Approximately 1.8 million units of Korea Delphi's compressors were supplied for the Tacoma pickup trucks between June 2004 and April 2015. During the next five years from June 2015, Korea Delphi expects to supply 720,000 units of its CSP-15 compressors for the successor to the Tacoma. (From a press release on April 29, 2015)

-The Company was awarded Fiat Chrysler Automobile's (FCA's) Excellent Supplier Award for its Metallic Export business at the FCA APAC Annual Strategy & Supplier Awards Meeting held in Shanghai in November 2015. The Company has been supplying its half shafts for the Chrysler 200C middle-class sedans since 2014. It also began supplying its half shafts for the Chrysler Town & Country minivans in December 2015. (From a press release on December 14, 2015)

-The Company announced that its compressor and powertrain cooling system division has received the Supplier of the Year 2015 from General Motors of the U.S. This is the fifth time that the company (formerly called Korea Delphi) was given this award, following its achievements in 2006, 2012, 2013, and 2014. (From a press release on March 23, 2016)

R&D Structure

-In May 1998, the Company established a technical center in Daegu.

Agreement on Technology Introduction

Partner	Product
Delphi	58mm evaporators, MT-34 ECM, etc.
NTN (Japan)	FTJ (low vibration constant velocity joint) axles
Hitachi (Japan)	P32M front caliber brakes

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