Global Sales and FCEV Strategy Update
Hyundai Capital
1 Assets: Auto focused asset portfolio, which has high prime customer mix
New Car: Volume & asset growth from strong HMG domestic car sales
Used Car: Volume up with diversified online & direct sales channels
P-loan: Maintained prime-centric volume with X-sell to Auto customers
- Mortgage: Less market transactions & monthly volume cap maintained
Asset Portfolio (TN KRW)
46.5%
46.3%
40.3%
Pen, rateⓇ
7.7
7.3
7.9
Non-auto
19.1
21,9
23.5
Auto
'18
'19
120
2
Risk: Continued delinquency ratio drop from preemptive risk management
Underwriting: Tightened policy of Non-Auto products, limited
Asset Quality
2.1%
origination of low-credit customers
Collection: Reinforced actions to prevent delinquency
Non-performing loan: Established pre-write-off NPL sales process
1.9%
1.5%
30+%
51.4%
58.2%
63.8%
Prime mix
in volume
3
Profits: Maintained with stable bad debt expense & cost cut efforts
4
5
Bad debt expense: Decrease from mix effect of Auto-centric portfolio &
tightened risk management
SG&A: Optimized cost structure through process digitalization
Treasury: Despite greater market volatility, portfolio stable with
focus on long-term facilities
Funding: Although market crunch occurred due to COVID-19, dealt by
leveraging ABS and ESG bond
Liquidity: Tightened liquidity policy to prepare for possible crisis
Global biz: Widened finance coverage to support HMG sales
Start China Lease business, acquired Germany Sixt Leasing (3Q)
34
'18
'19
'20
20
P&L (BN KRW)
1,5%
1.4%
0.9%
Bad debt
expense
ratio
415
460
465
IBT
19
'20
'18
Liquidity (TN KRW)
138.4%
134.8%
126.0%
ALM
1.7
1.6
1.7
Cash
3.5
3.9
3.4
Credit line
'18
'19
'20
HYUNDAIView entire presentation