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ABOUT

2015 2016 2 3 12 3 4 6 12 2017 5 7

Penguin Ocean Leisure

DerekeKim CEO

08 May 2014 Founded

258 million Won Capital

Head office: Onsan-eup, Ulju-gun, Ulsan Seoul office: Nonhyeon-dong, Gangnam-gu, Seoul

Location

Sold Penguin2.0 (China’s aquarium)

Launched a operating Penguin #1 (Maldives)

Launched a operating Penguin #2 (Maldives)

Launched a operating Penguin2.0(JFC Group, Seychelles)

Sold Penguin2.0 (Hanseo University, Korea)

Raised a crowdfunding (Wadiz, Korea)

Launched a operating Penguin #3 (Maldives)

Designated as a promising startup (Ulsan city, Korea)

Awarded as a Product of the Year(Korea International Boat Show)

Launched a operating Penguin #4 (Maldives)

Our Vision

Trend Leader of Underwater Industry

Underwater Tourism Contents Developer

Development & Custom-built Global Penguin Network

• Providing customized new models.

• Building a stable Penguin network in Maldives.

• Preparing various models fits for areas, natural conditions, business plans.

• Completing the global networks in 5 years.

PENGUIN 1.0

4 person

2 knots

Electric motor

PENGUIN 2.0 FLYING PENGUIN

12 person

4 knots

Electric motor

12 person

7 knots

Gasoline motor

HLB GROUP

Main Affiliates

- Manufacture of Yachts & Boats

- Yacht chartering - Yacht import/sales

- Lifeboat Davit, Provision Crane, Auto Release Hook

- Engineer training, - Lifeboat inspection &

repairs and testing - Marine Engine sales

- Manufacture of Lifeboat & Rescue boat, Marine engine, GRP pipe, HUD

FRP manufacturer established in 1975.

3 corporations listed KOSDAQ

• LSK BioPharma

• Lifeliver

• HLB Lifescience

• HLB

• BADAHI

• HLB Networks

• Penguin Ocean

Leisure

• Gocean

• Hyundai Yacht

• Hyundai & Cosmos

• HLB Power

• HLB Elec ENERGY

LIFEBOAT

BIO

MARINE

HLB Networks BADAHI

(hlbnetworks.com)

Hyundai Yacht

(hdyachts.com) (badahi.co.kr)

HLB

(hlbkorea.com)

Safety of Penguin

1 HLB’s technology manufacturing lifeboats for 45 years.

2 CE certification by Lloyd’s Register.

3 Self inspection & close examination.

Business

Penguin provides memories sharing with family members.

With Family

Underwater Excursion

Penguin is the easiest way to explore under the sea for everyone.

KIHAAD RESORT 2014.12 ~ 2017.03

Case of Penguin Trip

Kihaad Resort

릴리비치 리조트 & 스파

셰프 섬 마린파크

하이더웨이 리조트 & 스파

키하드 리조트

Lily Beach Resort & Spa

셰프 섬 마린파크

하이더웨이 리조트 & 스파

키하드 리조트

릴리비치 리조트 & 스파

셰프 섬 마린파크

Hideaway Resort & Spa

키하드 리조트

릴리비치 리조트 & 스파

Ste Anne Marine National Park

하이더웨이 리조트 & 스파

Penguin in Maldives

Actual Results

• Clean marine ecosystem.

• Clear underwater sight.

• Proper water depth.

Maldives' Market Characteristics

A Growing Tourist Optimal Climate

Optimal Environment One Island One Resort

• 30% of visitor is Chinese.

• The number of visitor from around the world is increasing steadily.

2014 2018

1.2 m 1.54 m

• Tours are arranged all year around.

Monthly work days

Annual occupancy rate

Abt. 25 days

70~80%

• Maldives have 20 atolls.

• 122 resorts were open at 2016.

• The number would increase to 129

in 2019.

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 2016 2017(estimated)

Double Growing Blue Ocean Total sales USD 0.53m in 2016 (3 resorts),

USD 1.3m in 2017 (7 resorts)

Yearly cumulative sales of Penguin Maldives

80 resorts fit the criteria for new Penguin site among 122 in Maldives;

POL is discussing with 5 resorts.

Guideline for New Site

Atoll area

Target

One Island! One Resort! One Penguin!

Chinese visitor

150 rooms

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

Sales(E) Profit(E)

Steady Rise of Place and Sales

2020 POL’s Goal: 25 places, 6 million sales, 2.4 million profit.

2016 2017 2018 2019 2020

3 7 12 18 25

Operating Place

$6m

$2.4m

Penguin Market Analysis

Strategy

Source : UNWTO Tourism Highlights 2016 Edition, The World Tourism Organization

Apr 2017

Global tourism Tourism income $1,260 billion

Tourist 1.18 billion

Sales of 3 potential market(2022)

USD 17.6 million

Maldives Caribbean

Australia

Penguin’s 3 Potential Market

* Source : Tourism Yearbook 2016, Ministry of Tourism Republic of Maldives

Target #1 Maldives

Maldives

Plentiful marine resources

(reefs, fishes, stingrays etc.)

1.2m 129

2022 annual sales $7.5m (30 direct branches)

Annual visitor

Target resorts

2011/2015 tourism income 132% growth.

It is expected to increase $3.3 billion and 1.9 million visitors in 2020.

Launched in 2015

* Source : UNWTO Tourism Highlights 2016 Edition, The World Tourism Organization. Hotel Finder, Google

Target #2 Caribbean

Global tourism site : 25m(2020) ~ 30 m(2030) visitors.

2022 annual sales $ 8m (10 direct branches, 100 units for rental/lease)

Target group: cruise passengers including families.

Caribbean

World’s largest cruise route

23.9m 580

Annual visitor

Target resorts

Launching in 2018

Launching in 2019

* Source : International Visitors In Australia Year Ending December 2016, Tourism Research Australia

Australia

World’s largest barrier reef

(Great Barrier Reef)

7.4m 160

Target #3 Australia

2022 annual sales $2.1m (3 direct branches, 25 units for rental/lease)

It is expected to increase $30 billion and 9.5 million visitors in 2020.

Double digits raise of Asian visitors: China/Japan/Korea.

Annual visitor

Target resorts

E-mail : inquiry@penguinol.com

Tel : +82-2-3443-1458

www.penguinol.com

www.facebook.com/penguinoceanleisure

www.youtube.com/c/penguinol