Enhancing Market Position in EV Market
Hyundai Commercial
1
Assets: Industrial finance turnaround & steady growth in
corporate finance
-
-
Industrial finance: maintained stable origination focusing on safe assets
& visible results gained in new business
Corporate finance: Increased volume in prime PF & NPL assets
2 Risk: Differentiated UW policy based on risk appetite
Underwriting: Continually cutting off high-risk (multi-debt, thin file, etc.)
Collection: Reinforced monitoring through field inspections &
expediting collection on non-performing/high-risk receivables
3 Profits: Improved from solid bad debt expense & related
company income
-
Bad debt expense: Ratio improved with lower delinquency
-
Related companies: Hyundai Card's strong performance continued,
Fubon Hyundai Life's equity method income turned to surplus
4 Treasury
5
-
-
Funding: Diversified into long-term CP, sustainability bond, etc.
Liquidity: Tightened liquidity policy to prepare for possible crisis
(year-end targets: 6M Coverage 110%, ALM 130%)
New growth engine: Shift to platform business
Korea's first ever corporate finance market platform
- Deal matching and various corporate related services provided
①Industrial finance
Asset Portfolio (KRW tn)
49.0%
45.0%
47.0%
Penetration rate
43.0%
Corporate
2.2
1.9
2.6
2.7
Finance
Industrial
4.2
4.5
4.2
4.3
Finance
'17
'18
19
3Q20
Asset Quality
0.74%
0.65%
0.48%
30+% DQ
0.23%
Safe assets
mix in
40.4%
45.7%
21.3%
25.5%
volume
(Industrial
'17
'18
'19
3Q20
Finance)
Profits (KRW bn)
1.73%
1,68%
0.81%
0.93%
Bad debt
expense ratio
115
106
80
96
IBT
'17
'18
18
Liquidity (KRW tn)
'19
3Q20
143.8%
125.1%
135.7%
135.0%
ALM
1.1
Cash
1.0
0.7
0.8
0.9
0.9
Credit Line
0.5
0.5
'17
'18
'19
3Q20
37
⑧HYUNDAIView entire presentation