Preparing for the Future - 6 Core Investment Areas
Hyundai Capital
1 Assets: Captive oriented stable portfolio
-
-
New Car: Stronger competitiveness based on OEM co-marketing
Used Car Prime dealer centric volume
-
Personal-loan: Cross-sell focused targeting Auto prime customers
Mortgage : Limited loss with RV Ⓡ insurance & monthly sales cap
2 Risk: Quality controlled by taking preemptive actions
-
-
-
Underwriting Tightened policy on Non-auto products
Collection: Focus on short-term collection and prevention of roll-over
Non Performing Loan Pre-write-off process of all products
3 Profits: Income maintained with stable bad debt expense
and efficient cost
-
debt expense: Stabilizing since conservative risk management in '18
-
SG&A: Efficient labor cost and marketing cost structure
Asset Portfolio (KRW tn)
46.5%
43.2%
46.3%
40.3%
Pen, rate 2
7.7
7.3
6.8
7.9
Non-auto
17.7
19.1
21,9
22.5
Auto
2017
2018
2019
H1 2020
Asset Quality
2.0%
2,1%
1.9%
1.7%
30+%DQ®
Prime mix
44.7%
51.4%
58.2%
62.9%
in volume
2017
2018
2019
H1 2020
Profits (KRW bn)
1.5%
1.4%
1.4%
0.9%
Bad debt
expense ratio
401
415
460
249
IBT
2017
2018
2019
H1 2020
4 Treasury
Liquidity (KRW tn)
-
Funding: Utilized bank loan and ABS during market crunch in early
COVID19 and issued offshore green bond
154.2%
134.8%
126.0%
134.0%
ALMⓇ
-
Liquidity: Increased focusing on cash (6 Months Coverage 110% → 120%)
2.0
1.7
1.6
1.9
Cash
Rating (domestic): Standalone rating stable at AAO
3.3
3.5
3.9
3.7
Credit line
with excellent fundamentals
2017
2018
2019
H1 2020
①Residual value ② Penetration rate ③Delinquency ratio P-loan and mortgage ⑤Asset Liability Management
37
HYUNDAIView entire presentation