Global Sales and FCEV Strategy Update
Hyundai Capital America (US)
1 Assets: Strong asset growth on OEM sales outperformance and solid
financing penetration
-
Loans: Growth driven by SUV line up expansion & penetration rate increase
Lease: Control asset size to minimize possible lease residual risk
Asset Portfolio (TN KRW)
Pen, rate
63.8%
55.6%
46.1%
2,6
Wholesale
2.8
2.5
15.6
17.2
Lease
17.0
14.7
18.6
24.0
Loan
'18
'19
'20
2
Risk management: Continued asset quality improvement with
conservative UW and collection activities
Asset Quality
-
30+%: Prime customer focused asset growth and stabilized quality
performance with tighter underwriting
2,6%
2.3%
1,8%
30+%
Collection: Enhance activity after COVID-19 deferral payment &
repossessions hold
Prime mix
78%
80%
80%
in assets
'18
'19
'20
3
Profits: Highest profitability driven by revenue growth & solid asset
performance
Profits (BN KRW)
Bad debt
expense
1.1%
1.0%
1.1%
ratio
-
Revenue: Interest income increase with retail loan growth
-
Lease RV: Strong used vehicle demand supported lease RV performance
Bad debt expense: Provision increase in accordance with asset growth, but
stabilized trend in 2H by improving macro outlook
577
IBT
283
155
'18
'19
'20
Liquidity (TN KRW)
4
Capital structure & liquidity
7.3X
6.6X
6.8X
Debt leverage
Funding: 4Q Issued bond (0.7BN USD), ABS(1.2BN USD)
Cash
1.0
-
Liquidity: Strong position supported by broad capital market access
0.7
0.6
6.8
7.1
8.3
Credit line
'18
'19
120
123 Applied end-of-term KRW/USD exchange rate of Seoul Money Brokerage Services
37
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