Global Sales and FCEV Strategy Update
Beijing Hyundai Automotive Finance (China)
1
Assets: Despite delay in car sales recovery, enhanced penetration
rate and lengthened assets maturity to expand assets
Assets (TN KRW)
31.7%
37.9%
41.6%
Pen, rate
Volume: Increased penetration rate (YoY +3.7%p) to lessen volume decrease
compared to car sales drop
3.9
4.4
4.2
Longer asset maturity: Continually expanded revenue basis by shifting assets
to longer tenor (24M→36M)
'18
'19
'20
Quality
2
Risk: Index stable since year-beginning COVID-19 impact
0.12%
0.08%
0.11%
30+%
30+%: Stable with updated internal risk model
-
Quality: Recovered prime asset mix thru conservative risk management
(Dec'19 78.4% → Dec'20 80.7%)
'18
'19
'20
P&L (BN KRWⓇ)
3
P&L: Annual net income +7.2% YoY from asset effect and reduced
ordinary expenses
2.2%
OPEX ratio over
average balance
1.9%
1.8%
IBT
123.5
109.5
116.2
Revenue: Interest income +2.4% YoY from accumulated financial assets
Interest expense: Cost savings (YoY -0.48%p) from reduced new CoF
'18
'19
'20
Liquidity (TN KRW®)
106.6%
102,9%
4
Treasury
82.2%
ALM
Funding: '21 plan approx. 20.7BN RMB (preparing 5.5BN RMB ABS in March)
Liquidity: Preemptively increased cash holdings to prepare for a possible
market crunch caused by a second COVID-19 wave
123 Applied end-of-term KRW/RMB exchange rate of Seoul Money Brokerage Services
38
1.6
Cash
0.8
0.8
'18
'19
'20
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