[Concall] SK Inno "Proceeding with '10 Trillion Facility Investment' as Planned This Year"
Q1 Earnings Conference Call
On the 4th, SK Innovation stated during its Q1 earnings conference call, "We announced the Hyundai Motor North America joint venture (JV), and we mentioned that the capital expenditure (CAPEX) guidance for this year is 10 trillion KRW, which has already been reflected," adding, "There is no change to this year's CAPEX."
They continued, "Regarding financing, most of it is procured through policy funds or partners' equity, so the actual burden on us is not that significant."
Regarding CAPEX beyond this year, they said, "In July 2021, we announced an investment of 30 trillion KRW by 2025," and added, "We plan to continuously reflect and manage additional investments through further orders and customer cooperation."
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