Global Sales and FCEV Strategy Update

Cost Innovation Committee Improvement Target KRW34.5T For 5 years 5-year Plan 7.0% Automotive OPM (%) Cost Improvement 8 Sub-committees Commonization Electrification Regional Cost Optimization Sales-related Cost 2,1% 11.9 10.1 Productivity Quality Cost 5.9 4.3 2,3 Genesis Operational Efficiency 2018 2019 2020 2021 2022 Strategic competitiveness with company-wide cost innovation Achieve target profitability by continuous cost improvement ⚫ OP improvement by revenue growth, improvement of COGS and SG&A 23 23 Effective bottom-up Cost improvement activities HYUNDAI

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