Preparing for the Future - 6 Core Investment Areas
Beijing Hyundai Automotive Finance (China)
1 Assets: Maintained as pen, rate and maturity improved
despite car sales decline
Volume: Auto sales drop impact offset by pen. rate increase
Maturity lengthening: Focus on longer maturity products (24M→36M)
2 Risk management: Quality index gradually stabilizing
Asset (KRW tnⓇ)
27.8%
37.9%
43.0%
31.7%
Pen, rate
4.0
3.9
4.4
4.4
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'18
'19
H1 20
Asset Quality
-
30+% Gradually stabilizing as COVID-19 impact weakens
(Feb 0.24% vs. June 0.12%)
Quality: Recovered prime asset mix thru conservative risk management
(March '19 81,2% → Feb '20 78,6% → June '20 82.5%)
0.10%
0.12%
0.12%
0.08%
30+% DQ
'17
'18
'19
H1 20
3
P&L: Guarded profitability by maintaining assets and
reducing ordinary expenses
Profits (KRW bn Ⓡ)
2.6%
2.2%
1.9%
OPEX ratio
1.4%
over
Revenue: Interest income increased from asset growth
Ordinary expenses: Continually reduced with labor cost cuts and
cost efficiency increase
avg, balance
162
123
109
76
IBT
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H1 20
4 Treasury
- Funding: Total 12.9BN RMB in 1H (issued 4.4BN RMB ABS in March)
Liquidity: Increased cash holdings based on lowered market rate and
executing liquidity supply policy
123 Applied end-of-term KRW/RMB exchange rate of Seoul Money Brokerage Services
41
Liquidity (KRW tn ³)
111.0%
106.6%
102.9%
102.8%
ALM
1.5
Cash
0.8
0.8
0.8
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'18
'19
H1 20
HYUNDAIView entire presentation