Enhancing Market Position in EV Market
Hyundai Capital
1 Assets: Auto centric portfolio (prime customers mixt)
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New Car: HMG sales increase & Stronger OEM co-marketing
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-
Used Car: Channel diversification (online, direct sales) led to growth
P-loan: Focused on auto prime customers
Mortgage: Less market transactions & monthly volume cap maintained
2 Risk: Tightened risk to prepare for prolonged COVID-19
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Underwriting: Tightened policy of Non-Auto products
Collection: Reinforced actions to prevent delinquency
Non-Performing Loan: Established pre-write-off NPL sales process
3 Profits: Maintained with stable bad debt expense & cost
savings
Bad debt expense: Decrease from mix effect of an Auto centric portfolio
SG&A: Optimized cost structure through process digitalization
4 Treasury
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Funding: Leveraging short-term, ABS and offshore green bond
Liquidity: Tightened liquidity policy to prepare for possible crisis
5 Global business: Widened finance coverage to support
HMG sales
Launched China Lease business, acquired Germany Sixt Leasing (3Q)
①Penetration rate 2 P-loan and mortgage
35
Asset Portfolio (KRW tn)
46.5%
43.2%
46.3%
40.6%
Pen, rateⓇ
7.7
7.3
Non-auto
7.9
6.8
17.7
19.1
21.9
23.0
Auto
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'19
9M20
Asset Quality
2.0%
2.1%
1.9%
1.7%
30+% DQ
44.7%
51.4%
58.2%
65.4%
Prime mix
in volume
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Profits (KRW bn)
1.5%
Bad debt
1.4%
1.4%
expense ratio
0.8%
IBT
401
415
460
382
'17
'18
'19
9M20
Liquidity (KRW tn)
154.2%
134.8%
126.0%
138.3%
ALM
2.0
1.7
1.6
1,2
Cash
3.3
3.5
3.9
3.6
Credit line
'17
'18
'19
9M20
HYUNDAIView entire presentation