Enhancing Market Position in EV Market
Beijing Hyundai Automotive Finance (China)
1
Assets: Growth from stronger penetration rate & longer
assets maturity
-
Volume: Lessened impact of volume decline compared to drop in car
sales by increasing penetration rate (YoY +4.7%p)
Asset (KRW tnⓇ)
27.8%
37.9%
42.0%
Pen, rate
31,7%
4.0
3.9
4.4
4.3
Maturity lengthening: Continually expanding income basis by shifting
assets to longer tenor (24M-36M)
'17
'18
'19
9M20
Asset Quality
2
3
Risk: Quality index stabilizing since year-beginning
COVID-19 hit
30+%: Stabilizing since updating internal risk model (vs. Feb'20 0.24%)
Quality: Recovered prime asset mix through conservative risk
management (Feb'20 78.6% → Sep'20 81.0%)
Profits: Income grew from asset effect & ordinary expenses
reduction
-
Operating revenues: Interest income grew 6.3% YoY as an effect of
accumulated financial assets
0.15%
0.10%
0.12%
0.08%
30+%
'17
Profits (KRW bn )
2,6%
'18
'19
9M20
2.2%
1.9%
OPEX ratio
1.6%
over
avg.balance
161.6
123.5
107.9
109.5
IBT
-
Ordinary expenses: Continually reduced with labor cost cuts and
deferred marketing cost
'17
'18
'19
9M20
Liquidity (KRW tn Ⓡ)
4 Treasury
Funding: Obtained 1.4BN RMB bank loan, planning ABS/bond 6BN RMB
in 4Q
111,0%
106.6%
102.9%
87.5%
ALM
-
Liquidity: Preemptively increased cash holdings to prepare for a possible
market crunch caused by a second COVID-19 wave
1.3
Cash
0.8
0.8
0.8
'17
'18
'19
9M20
123 Applied end-of-term KRW/RMB exchange rate of Seoul Money Brokerage Services
39
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