2013년 4분기 ir 자료 en

Hyundai Capital Hyundai Capital is...Investor Presentation Hyundai Capital 2013

DisclaimerThese presentation materials have been prepared by Hyundai Capital Services., Inc. (“HCS or the Company”) , solely forthe use at this presentat ion and have not been independently veri f ied. No representat ions or warrant ies , express orimplied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in thispresentation. Neither the Companies nor any of theirs affiliates, advisers or representatives accepts any responsibility whatsoever for any loss ordamage arising from any information presented or contained in this presentation. The information presented or contained in this presentation iscurrent as of the date hereof and is subject to change without notice and its accuracy is not guaranteed. Neither the Companies nor any of theircurrent as of the date hereof and is subject to change without notice and its accuracy is not guaranteed. Neither the Companies nor any of theiraffiliates, advisers or representatives make any undertaking to update any such information subsequent to the date hereof. This presentation shouldnot be construed as legal, tax, investment or other advice.

Certain information and statements made in this presentation contain “forward-looking statements.” Such forward-looking statements canbe identified by the use of forward-looking terminology such as “anticipate,“ “believe,“ “considering,“ “depends,“ “estimate,“ “expect,““intend,“ “plan,“ “planning,“ “planned,“ “project,“ “trend,“ and similar expressions. All forward-looking statements are the Companies’ currentexpectation of future events and are subject to a number of factors that could cause actual results to differ materially from those described in theforward-looking statements. Caution should be taken with respect to such statements and you should not place undue reliance on any suchforward-looking statements.

Certain industry and market data in this presentation was obtained from various trade associations, and the Companies have not verified such datawith independent sources. Accordingly, the Companies make no representations as to the accuracy or completeness of that data, and such datainvolves risks and uncertainties and is subject to change based on various factors.

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Key Highlights 20131

• Strong Fundamentals

- Solid profitability: Operating income of KRW 435 billion and ROA of 1.9%

- Stable asset quality: 30+ day delinquency rate of 2.7%

- Strong capital structure: Leverage of 6.6x and capital adequacy ratio of 15.1%

• Committed & Capable Shareholder Support

- HMC continues to deliver resilient performance(2013 global sales up 7.3% vs 2012)

- GE Capital committed to provide financial and operational support

• Solid Credit Profiles

- Global Ratings: S&P (BBB+)“Positive”, Moody's (Baa1), Fitch (BBB+)

- Niche Markets: RAM (AAA), JCR (A+)

- Domestic Ratings: AA+

• New Growth Engine: Global Expansion

- True captive financing arm, expanding global coverage beyond domestic market

Committed Shareholder Financial & GE Support History

Relationship with Shareholders GE Capital’s Financial Support

2

- Leading auto maker in Korea

with approximately 80% market share

- Strong & solid operational base

2013201320132013 -GE Capital total investment as of 4Q13 (US$ 1.6bn)

56.5%- Strong & solid operational base

- Extensive sales network

- Captive finance company

- HMG’s marketing tool

- Most successful joint venture

- Sole consumer finance channel in Korea

- GE Capital increases its back-up credit Line to US$ 1 bn

2009200920092009

- GE Capital provides US$ 871mm in direct funding

2007200720072007

2012201220122012 - GE Capital extends credit line

43.3% - Expertise on risk management

- Committed financial support

- Active involvement in dailyoperations as well as management

- GE Capital provides US$ 600mmback-up credit line

2006200620062006

- GE Capital increases its holdings to 43.3%

2005200520052005

- GE Capital acquires 38% equity interest in HCS

2004200420042004

Hyundai Motors Group Structure

� Global OEM creates synergy between “Automotive Division”& “Financial Service Division”

� Financial Service Division recognized as a core subsidiary, supporting car sales activities (ie. Marketing)

3

Automotive Division Financial Service Division

• Captive Finance Company, led by HCS

• Auto sales consulting and market research company

1. Auto Captive Finance Sector Auto Captive Finance Sector Auto Captive Finance Sector Auto Captive Finance Sector : AutoAutoAutoAuto Group Growth DriverGroup Growth DriverGroup Growth DriverGroup Growth Driver

2 12� Hyundai Motors� KIA Motors

� MOBIS� WIA� Power Tech� DYMOS …. EuropeAmericasAsia / Pacific

� HCSHCSHCSHCS (Korea)(Korea)(Korea)(Korea)� BHAF (China)� India� Australia

� HCA (US)� Brazil

� HCE� HCUK (UK)� HCG (Germany)� RussiaETCETCETCETC

OEM

Steel

Parts

Others

153� Hyundai Steel� Hyundai Hysco� Hyundai BNG Steel

� Glovis (Logistics)� Innocean (Marketing)� ……

� Australia � RussiaETCETCETCETC

• X-sell to Auto customers

2. Other Finance Sector : Synergy from Financing2. Other Finance Sector : Synergy from Financing2. Other Finance Sector : Synergy from Financing2. Other Finance Sector : Synergy from Financing

LifeCommercialHyundai Card HMC IB

Steel Others

Source: Company data

Strategic Integration with HMG

� Joint marketing efforts between HMG & GHC(Global Hyundai Capital) to maximize efficiency

� Synergy creation through leveraging HMG’s vast sales network

4

Global Strategic Partner with HMG HMG Global Sales Growth

� HMG SalesHMG SalesHMG SalesHMG Sales (Unit: 10,000)

Global Competency

ReinforceBrand Value

Eco-mgtSystem

DiverseProduct

Innovative Management

737

'06 '08 '09 '12 '13

77.7% 77.8% 71.1% 83.8% 85.4%

382 400 385

710

Overseas

Domestic

� HMG SalesHMG SalesHMG SalesHMG Sales (Unit: 10,000)

� Global Financial ReceivablesGlobal Financial ReceivablesGlobal Financial ReceivablesGlobal Financial Receivables (Unit: KRW tn)

Overseas%

44.439.2

Lifetime financial service for drivers

Competency

StrategicStrategicStrategicStrategicMarketing Marketing Marketing Marketing

PartnerPartnerPartnerPartner

�On the back of rapidly growing overseas operations, further growth from Auto Finance is expected.

'06 '08 '09 '12 '13

7.5% 19.4% 19.5% 48.0% 54.1%

14.619.9 20.5

Overseas%

* Overseas : HCA, HCUK, BHAF.

Overseas

Domestic

5

Expanding HMG Auto Market Sales Coverage

20121989 2015 2016 ~

USA UK,CHN CAN, GER BRA, AUS, RUS, IND

1993

KORCorporation/Office (Advisory)

Financing Company (Captive finance)

� HCS now plays a role of captive finance company covering global market, beyond domestic market coverage

US

△0.4%

Korea

△4.3%

EU

△4.8%

744782

+17.0%

China

+18.5%

+3.7%+3.7%+3.7%+3.7%

India

Russia

Germany

UK1,2561,261

1,0991,1481,5741,328

744782

7 manufacturing plants ( ), 6 R&D facilities ( ), 12 direct sales subsidiaries ( ), sales in more than 190 countries globally

Source: Company data (Retail sales excluding CKD sales).

(Unit: 1,000 vehicles)2012 2013Worldwide Sales

2012 2013

Aus

Brazil2,709

7,1017,1017,1017,101 7,3677,3677,3677,367

Resilient Economic Growth and Sluggish Demand for New Cars

GDP Growth Rate & Unemployment Rate

6

2010 2011 2012 2013

GDP Growth Rate 6.1% 3.6% 2.0% 2.8%

Key Highlights

� Two years of low GDP growth under 3%

- Slow recovery, albeit government expenditure

Source: Bank of Korea

Domestic Auto Sales (‘000s)

HMC+KMC Market Share

GDP Growth Rate 6.1% 3.6% 2.0% 2.8%

Unemployment (yr.) 3.7% 3.4% 3.2% 3.1%

78.2% 79.9% 81.5% 79.4%

- Slow recovery, albeit government expenditure

increase

� Slow domestic new car sales

- Absence of new models and increase in imported

car sales

- HMG M/S 80% maintained

Source: KAMA (Korean Automobile Manufacturer’s Association)

1,466 1,475 1,411 1,383

2010 2011 2012 2013

� Continuous GDP growth backed by strongContinuous GDP growth backed by strongContinuous GDP growth backed by strongContinuous GDP growth backed by strong

government stimulationgovernment stimulationgovernment stimulationgovernment stimulation

� New model to boost salesNew model to boost salesNew model to boost salesNew model to boost sales

- Full model change of HMC/KMC’s main models

(Genesis, Sonata, Sorento)

Receivables Breakdown by Product

Low Risk-focused Product Portfolio7

Key Highlights and Strategy

� Auto Asset

- New Car: decline in volume in 1H13 from the

GECK*, 0.7%

Others, 1.8%

revocation of up-front fee and elevated

competition → started recovering from 2H13

� Non-Auto asset kept within 20%

- Mortgage: increased due to government

regulation change

- Personal Loan: temporary volume increase

for profitability

New Car, 51.5%

Lease, 19.5%

Used Car, 7.3%

P. Loan, 10.3%

Mortgage, 8.8%

� Maintained 8:2 principal for Auto to Non-Auto

- Main model’s Full model change and drive in

new car sales volume will increase New Car

proportion in asset* GECK: GE Commercial Korea merged with HCS in 2012

** Auto Asset: New Car, Lease, Used Car

�Auto related: 78.3%Auto related: 78.3%Auto related: 78.3%Auto related: 78.3%

�Total Financial ReceivablesTotal Financial ReceivablesTotal Financial ReceivablesTotal Financial Receivables : KRW 20.4: KRW 20.4: KRW 20.4: KRW 20.4 TnTnTnTn

2010 2011 2012 2013 YoY

Operating Revenue* 2,889 3,125 3,071 2,921 -4.9%

Income Statement (KRW Bn)

Good Profitability, albeit Slow Economy


8

� Decrease in operating revenue

- Up-front fee revocation for new cars

Operating Expenses* 2,259 2,466 2,477 2,486 0.4%

Bad debt expense 145 354 377 453 20.2%

Operating income 630 659 595 435 -26.9%

Net Income 489 507 437 391 -10.4%

ROA

- Slowing new car sales and elevated competition

� Increase in Operating expenses

- Increase in bad debt expenses due to stagnant

macro economy condition

� Above industry average ROA (1.9%)* Excluding FX effect

2.8% 2.6%2.2%

1.9%

2010 2011 2012 2013

ROA� Reinforce profitability to set base for profit

turnaround

- More sales volume from economic recovery and

increased auto sales

- Competent product and APR to increase sales and

reduce expenses

2.5%2.7%

Stable Asset Quality and Conservative Reserve Policy

30+ Day Delinquency Rate (%)

Total Asset

9

Excluding purchased NPL


� Delinquency edged up but without signs of further

deterioration2.7%

1.6%

2.0%

2.5%

2.3% 2.4%

2010 2011 2012 2013

* Excludes NPL asset acquired from commercial banks

Total Reserve (KRW Bn)

- Slight increase, yet still under industry average

- Purchased NPL contributing to artificial increase

- Conservative underwriting policy maintained

� Total reserve increasedTotal reserve increasedTotal reserve increasedTotal reserve increased

(over 100% vs. FSS regulatory requirement)

* *

1H13

2010 2011 2012 2013

Total Reserve* 474 610 665 763

% of Asset 2.5% 3.1% 3.3% 3.7%

* Reserve under accounting principles + supplemental reserve

� Tighten underwriting process and employ more Tighten underwriting process and employ more Tighten underwriting process and employ more Tighten underwriting process and employ more

efficient collection strategy to enhance asset qualityefficient collection strategy to enhance asset qualityefficient collection strategy to enhance asset qualityefficient collection strategy to enhance asset quality

Sound Capital Structure Maintained

Leverage Trend (KRW Bn)

10

9.3X

Total Equity Total Asset / total Shareholder’s Equity

Leverage Regulation


2,237 2,657

3,031 3,235

9.3X8.3X

7.2X6.6X

2010 2011 2012 2013

< 8X

�Earnings retained for conservative leverageEarnings retained for conservative leverageEarnings retained for conservative leverageEarnings retained for conservative leverage

Capital Adequacy Ratio

2010 2011 2012 2013

Capital Adequacy Ratio 13.7% 13.0% 14.5% 15.1%

� Maintain dividend payout policy within

8.0X in line with FSS guideline

* FSS guideline: 7.0%

Diversified Funding by Type, Duration & Region

Funding Portfolio by Product

11

ABS, 13.6%


� Strategic funding based on market condition

- Exploit tightening spread in longer tenor

• Balance : KRW 17.8 Tn

• Long term : 72.1%

• Overseas : 34.6%Bonds, 76.1%

CP, 1.8%

Loans, 8.4%

65.4%KRW

Funding Portfolio by Currency

- Exploit tightening spread in longer tenor

(change based on curve flattening)

- Bond proportion increased to accommodate low

interest environment

- Market diversification: Australia Kangaroo market

debut and 10th Samurai issuance

0.5%

3.7%

1.4%

3.4%

4.6%

20.9%

65.4%

CNY

JPY

MYR

AUD

CHF

USD

KRW

Major funding in 2013

• Kangaroo Bond: AUD 250 mm, 4 yr.

• Samurai Bond: JPY 25 bn, 2 yr.

� Establish funding portfolio with

ABS under 20%, CP under 10%

39.1%

63.5% 69.2% 73.7%

12

Liquidity Profile (Unit: KRW Bn)

Credit LineCash Short-term Debt Coverage Ratio*

Strong Liquidity Position and Well-Spread Debt Maturity


1,027 1,297 1,100 1,304

1,338

2,511 2,480 2,345 2,365

3,808 3,580 3,649

2010 2011 2012 2013

39.1%

* Short-term Debt Coverage Ratio= (Cash + Unused committed credit line)/ Short-term debt balance

� More Cash for Liquidity Reinforcement

� ALM based funding: only 28% matures in 1st year

� Keep duration of liability > asset : ALM over 140%

� Maintain short-term debt coverage ratio over 60%4,953 4,735 3,653 2,703 1,481 230

27.9% 26.7% 20.6%15.2%

8.3% 1.3%

~1Y 1-2Y 2-3Y 3-4Y 4-5Y Over 5Y

Liabilities (Debt) (Unit: KRW Bn)

Appendix

Korean Consumer Finance Market’s Unique Features13

• Conservative lending environmentConservative lending environmentConservative lending environmentConservative lending environment- Average auto loan life of 1.5Y (notional life of 36M + amortization structure)

- Average down-payment for a car is approximately 30%- Average down-payment for a car is approximately 30%

- Less usage of revolving credit card products

• Favorable market environment for captive finance companiesFavorable market environment for captive finance companiesFavorable market environment for captive finance companiesFavorable market environment for captive finance companies- New car dealerships exclusively managed by automakers

- Stable second-hand car market: high residual value of used cars

• Strong credit infrastructureStrong credit infrastructureStrong credit infrastructureStrong credit infrastructure• Strong credit infrastructureStrong credit infrastructureStrong credit infrastructureStrong credit infrastructure- Government’s strict regulation on LTV & DTI ratios

· Average LTV ratio for mortgages is less than 50% (Commercial Banks)

-Well developed credit bureau system

• Industry Assets

Hyundai Capital's Position in the Industry

Dominant Position in Industry* Incomparable Profitability and Sound Asset quality

Total Industry Asset Size :

KRW 45,236 bn

14

OthersHCS

•Profitability: ROE (Net Income/Equity)

21.3% 22.0%20.3%

14.8% 14.7%

5.8% 5.5% 4.6% 4.6% 5.3%

2009 2010 2011 2012 3Q13

KRW 45,236 bn

• Industry Operating Income

Total size of

•Asset Quality: 30+Day Delinquency Rate

OthersOthersOthersOthers52.5%52.5%52.5%52.5%

HCSHCSHCSHCS47.5%47.5%47.5%47.5%

Total size of Industry Operating Income:

KRW 681 bn

*Source: Financial Statistics Information System, at end of Sep. 2013* Installment Finance Industry

1.8%1.6%

2.0%2.5% 2.6%

3.2% 3.2%2.8%

3.2%3.5%

2009 2010 2011 2012 3Q13

OthersOthersOthersOthers42.6%42.6%42.6%42.6%

HCSHCSHCSHCS57.4%57.4%57.4%57.4%

Committed to Transparent Corporate Governance15

Board of DirectorsBoard of DirectorsBoard of DirectorsBoard of Directors

•Members : 4 from HMC, 3 from GECCGECC’s veto rightGECC’s veto right

Risk Control CommitteeRisk Control CommitteeRisk Control CommitteeRisk Control Committee

• Member : 5 from HMC, 5 from GECC

• Frequency : Monthly

• Function

-Determination of risk indicator levels and appropriate course of actions in

Executive Finance CommitteeExecutive Finance CommitteeExecutive Finance CommitteeExecutive Finance Committee


• Frequency : Monthly

• Function

-Approval of various operating expenses, Capex, business and

Compliance Review BoardCompliance Review BoardCompliance Review BoardCompliance Review Board


• Frequency : Quarterly

• Function

-Formulation and execution of compliance strategy, schemes, and and appropriate course of actions in

respect thereofexpenses, Capex, business and funding plans

compliance strategy, schemes, and improvements

• C-Suite executives: Vice President, Deputy CFO, Deputy CRO, Deputy CMO, Controller

• Working level : GE employees also involved in day-to-day operations

• Transfer of advanced knowledge in various functions through best practice sharing program

GEPresence

16

Key Indicators

(Unit : KRW Bn, %) 2006 2007 2008 2009 2010 2011 2012 2013

Domestic Auto Market

Sum(1,000 unit) 1,164 1,219 1,154 1,394 1,465 1,474 1,411 1,383

HMC/KMC M/S 73.2% 73.6% 76.9% 80.0% 78.1% 79.8% 81.6% 79.4%

Total 13,472 15,130 16,030 16,480 18,788 19,806 20,286 20,397

New Car 63.3% 59.9% 56.8% 58.1% 57.2% 57.6% 54.2% 51.5%

Asset PortfolioAuto Lease 14.4% 14.3% 14.8% 15.8% 16.3% 17.3% 18.8% 19.5%

Used Car 9.4% 8.0% 8.0% 7.2% 8.4% 7.9% 6.9% 7.3%

Personal Loan 7.4% 7.8% 7.8% 7.4% 8.7% 9.1% 9.7% 10.3%

Mortgage 4.0% 7.7% 10.9% 9.9% 8.8% 7.4% 8.1% 8.8%

Profit Operating Income 320 476 505 541 630 659 595 435

Asset Quality

30+ Delinquency 1.7% 1.6% 2.3% 1.8% 1.6% 2.0% 2.3%* 2.4%*

Allowance for Loan Loss 364 382 423 442 474 345 385 437

Total Reserve** 364 382 423 442 474 610 665 763

Capital AdequacyCapital Adequacy Ratio 12.8% 11.7% 11.5% 15.7% 13.7% 13.0% 14.5% 15.1%

Asset Leverage 10.2X 9.7X 9.7 7.4X 9.3X 8.3X 7.2X 6.6X

Funding Portfolio

Total 12,568 13,412 14,335 14,378 16,560 17,330 17,338 17,755

Bond 56.7% 57.2% 60.0% 65.6% 67.5% 72.0% 74.2% 76.1%

Bank Loans 9.9% 8.3% 10.3% 8.2% 7.4% 8.7% 9.4% 8.4%

CP 13.3% 16.9% 10.6% 6.8% 8.5% 4.3% 3.4% 1.8%

ABS 20.1% 17.6% 19.1% 19.4% 16.5% 15.0% 13.0% 13.6%

Liquidity

Cash 401 398 707 739 1,027 1,297 1,100 1,304

Credit Line 931 938 1,082 1,367 1,338 2,511 2,480 2,345

S-T Debt coverage 25.0% 23.7% 30.4% 36.0% 39.1% 63.5% 69.2% 73.7%

* Excluded purchased NPL asset** Bad debt reserve amount included

2008 2009 2010 2011 2012 2013 YoY

Good Profitability, albeit Slow Economy

Income Statement (KRW Bn)

KKKK----IFRSIFRSIFRSIFRSKKKK----GAAPGAAPGAAPGAAP

17

Operating Revenues 4,330 2,989 3,274 3,332 3,542 3,222 -9.0%

(excl. FX effect) 2,384 2,485 2,889 3,126 3,071 2,921 -4.9%

Operating Expenses 3,824 2,448 2,645 2,672 2,947 2,787 -5.4%

(excl. FX effect) 1,879 1,944 2,259 2,466 2,477 2,486 0.4%

Interest expenses 674 679 890 956 895 801 -10.6%

Lease expenses 587 550 557 505 517 506 -2.1%

SG&A Expenses 498 496 586 603 631 672 6.4%

PPOP 600 717 775 1,014 972 888 -8.6%

Bad Debt expenses 95 176 146 354 377 453 20.2%

Operating Income 505 541 630 659 595 435 -26.9%

Income before Tax 518 538 639 663 590 524 -11.1%

Net Income 377 411 489 507 437 391 -10.4%

ROA 2.4% 2.6% 2.8% 2.6% 2.2% 1.9%

ROE 25.1% 21.3% 22.0% 20.3% 14.8% 12.1%

Funding by Currency & Outstanding Global Bonds

Funding Portfolio by Currency Outstanding Global Bonds*

Issue Date Maturity Amount

144A/Reg S

Nov.’09 5.5 years USD 500m

Jan.’11 5.5 years USD 700m

18

JPY 3.7%JPY 3.7%JPY 3.7%JPY 3.7%

AUD 3.4%AUD 3.4%AUD 3.4%AUD 3.4%CNYCNYCNYCNY0.70.70.70.7%%%%

144A/Reg S Jan.’11 5.5 years USD 700m

Mar.’12 5.5 years USD 500m

Samurai

Nov. ‘12 1.5 years JPY 20,000m

Nov. ‘12 2 years JPY 8,000m

Oct. ‘13 2 years JPY 25,000m

Swiss Franc

Jul. ’10 5 years CHF 150m

Oct. ’10 4 years CHF 200m

May’11 5 years CHF 150m

Feb.’12 5 years CHF 200m

KRWKRWKRWKRW65.4%65.4%65.4%65.4%

USDUSDUSDUSD20.9%20.9%20.9%20.9%

CHF 4.6%CHF 4.6%CHF 4.6%CHF 4.6%

MYR 1.4%MYR 1.4%MYR 1.4%MYR 1.4%

Feb.’12 5 years CHF 200m

Malaysian RinggitFeb.’12 5 years MYR 320m

May ’12 3 years MYR 370m

Australian Dollar Jun. ’12 3 years AUD 175m

Kangaroo May ’13 4 years AUD 250m

Dim Sum Sep. ‘12 1.5 years RMB 500m

(*As of Dec, 2013)

• Funding Balance: KRW 17.8 Tn

• Foreign Exchange Risk:

-100% of foreign currency exposure is hedged

through swap transactions entered into at the

time of bond issuance.

19

Credit Ratings & Rationale

HCS’ Global Credit Ratings Credit Rating Rationale

BBB+

A+

AAA•Strong Standalone Profile

– Sustainable track record of strong profit performance and robust credit fundamentals

Baa1(S) ("Positive”) BBB+(S)

Moody's S&P Fitch JCR RAM

HCS & Competitors’ Domestic Credit Ratings

AA+

AA-

performance and robust credit fundamentals

– Low risk-focused product portfolio and prudent risk management

– Adequate liquidity and sound capitalization

– Strong market position as HMC's key captive financing arm

•Capable & Willing Shareholder Support

- Solid backup line provided by GE Capital throughAA-

A+ A+

Hyundai Capital

W Financial A Capital W Capital

- Solid backup line provided by GE Capital throughits capital and managerial support

- HMC’s assistance in contingency highly likely

given its strong relationship with HMC, evident in capital contribution, board members and business base.

20

Overseas Business Highlights

HCAHCAHCAHCA BHAFBHAFBHAFBHAF HCUKHCUKHCUKHCUK

Dates• Established 1989

(vs. HCS 1993)• Established: 2012

• Biz since 2H12

• Established: 2011

• Biz since 2H12

Biz Model

• Captive Installment/Lease

• Inventory, used-car, insurance finance

• Captive Auto financing focused

• Captive Installment/Lease

• Inventory finance

Financial

• Asset: USD 21.1 Bn

• 2013 Volume: USD 20.3 Bn

• Paid in Capital: USD 1.9 Bn

• Asset : RMB 4,011 Mn

• 2013 Volume : RMB 4,757 Mn

• Paid in Capital : RMB 962 Mn

• Asset : ￡ 693 Mn

• 2013 Volume : ￡ 2,296 Mn

• Paid in Capital : ￡ 43 Mn

HMG M/S 8% 9% 6%

Financials • Paid in Capital: USD 1.9 Bn • Paid in Capital : RMB 962 Mn • Paid in Capital : ￡ 43 Mn

Shareholder

• HMA: 85%

• KMA :15%

• HCS: 46%

• HMC 14%

• BAI: 40%

• HCS 29.99%

• HMUK: 10.00%

• KMUK: 10.00%

• Santander UK: 50.01%

Robust OEM Parent21

Operating Profit & Margins (Unit: KRW Bn, %)

8.8%10.3% 10.0%

9.5%

Operating Profit Operating Margin

Revenue by Sector & % of Finance

9.8% 10.9%12.9% 11.3%

84.584.584.584.5 87.387.387.387.3

Auto % of FinanceFinance Others

• Global #5 in sales volume, exporting to more than

190 countries

5,918

8,029 8,441 8,316

2010 2011 2012 2013

Cash & Equivalents (Unit: KRW Tn)

19.121.7

57.2 67.1 71.3 71.5

6.67.3 8.7 9.9

3.23.4

4.5 5.9

2010 2011 2012 2013

67.067.067.067.077.877.877.877.8

84.584.584.584.5 87.387.387.387.3

190 countries

• Consistent profitability throughout the cycle with

c.10% operating margin achieved for the past 3 years

• Strong balance sheet with approx. US$20bn

in cash & equivalent as of year end 2013

13.615.4

19.1

2010 2011 2012 2013

* Source: HMC public filing, based on consolidated K-IFRS financial statements

Investor Relations Contacts

Jungsang Kim, Head of Investor RelationsPhone +82 2 2167 [email protected]

Suh ye Choi, Manager of Investor RelationsPhone +82 2 2167 [email protected]

Justin Lee, Manager of Investor RelationsPhone +82 2 2167 8082

Jay Moon, Assistant Manager of Investor RelationsPhone +82 2 2167 5312

http://ir.hyundaicapital.com/

Phone +82 2 2167 [email protected]

Phone +82 2 2167 [email protected]

Hyunyoung Jang, Assistant Manager of Investor RelationsPhone +82 2 2167 [email protected]

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2013년 4분기 ir 자료 en