Enhancing Market Position in EV Market
Hyundai Capital America (US)
1 Assets: Loan focused growth with OEM sales recovery
based on better market share & higher penetration rate
Loans: Growth driven by SUV line-up shift and pen. rate increase
Lease: Control asset size to minimize possible lease residual risk
2 Risk management: Continued asset quality improvement
with conservative UW policy & normalized collection activity
3
-
30+ %: Prime customer focused asset growth and stabilized quality
performance with tighter underwriting
Collection: Restart activity after COVID-19 deferral payment &
repossessions hold
Profits: Stronger IBT with topline growth, recovered used
vehicle value & stabilized bad debt expense
-
Revenue: Interest income growth from expanded loan asset
Asset Portfolio (KRW tn )
53.6%
46.1%
55.6%
61.4%
Pen, rate
Wholesale
2.5
2.8
2,2
2.5
17.2
Lease
17.2
17.2
17.0
14.4
14.7
18.6
23.4
Loan
'17
'18
'19
9M20
Asset Quality
2.5%
2.6%
2.3%
1.6%
30+% DQ
78%
78%
80%
79%
Prime mix
in assets
19
9M20
'17
'18
'19
Profits (KRW bn Ⓡ)
Bad debt
1,2%
1.1%
1.0%
1.2%
expense
ratio
-
-
Lease RV: Recovered pricing with rebounded used vehicle demand
Bad debt expense: stabilized due to strong customer payment
performance
4 Capital structure & liquidity
394
283
IBT
116
155
'17
'18
'19
9M20
Liquidity (KRW tn Ⓡ)
7.6X
Debt
6.8X
7.1X
- Funding: 3Q Issued bond (2.5BN USD) & lease ABS(1BN USD)
6.6X
leverage
1.6
-
Liquidity: Strong position supported by broad capital market access
Cash
05
05
1.7
10.5
6.8
7.1
Credit line
4.1
'17
'18
'19
9M20
123 Applied end-of-term KRW/USD exchange rate of Seoul Money Brokerage Services
38
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