Hyundai Motor.ir Presentation 2012_1Q_eng

April 26, 2012April 26, 2012

Hyundai Motor CompanyHyundai Motor Company

2012 12012 1stst QuarterQuarter Business ResultsBusiness Results

Cautionary Statement with Respect to ForwardCautionary Statement with Respect to Forward--Looking Looking

StatementsStatements

In the presentation that follows and in related comments by Hyundai Motor’s management, our

use of the words “expect,” “anticipate,” “project,” “estimate,” “forecast,” “objective,” “plan,”

“goal,” “outlook,” “target,” “pursue” and similar expressions is intended to identify forward

looking statements.

The financial data discussed herein are presented on a preliminary basis before the audit from

Independent Auditor; final data will be included in HMC’s Independent auditors report. While these

statements represent our current judgment on what the future may hold, and we believe these

judgments are reasonable, actual results may differ materially due to numerous important factors.

Such factors include, among others, the following : changes in economic conditions, currency

exchange rates or political stability; shortages of fuel, labor strikes or work stoppages; market

acceptance of the corporation’s new products; significant changes in the competitive environment;

changes in laws, regulations and tax rates; and the ability of the corporation to achieve reductions

in cost and employment levels to realize production efficiencies and implement capital

expenditures at levels and times planned by management.

We do not intend or assume any obligation to update any forward-looking statement, which speaks

only as of the date on which it is made.

� Sales Summary

� Financial Summary

� Revenue & Profit Analysis

Table of ContentsTable of Contents

� Appendix

� Sales Summary

◇◇◇◇ Retail Sales

◇◇◇◇ Wholesale

2011 1Q 2012 1Q

1

Sales Summary : Retail Sales

Source : Company data (Includes shipment of LCV / Excludes CKD sales)

(Unit : 1,000 vehicles)

+6.8%

-7.1%

+14.7%

1,019914

20112011

18116911098

+12.8%

409337

+21.3%

20122012

+11.5%

155167

164143

E U China

Korea

US

Others

Global Retail Sales

2

KoreaKorea USUS EUEU

Sales Results by Key Region

Source : Company data / Automotive News / ACEA

� Sales decrease due to weakened new launch effect of HG & MD compared to ’11 1Q

� Despite of market demand decrease (8.6%↓) in ’12 1Q, M/S has increased

� Maintained strong sales trend of key models (YF 55k / MD 44k)

� Lowest level of incentive spending (’12 1Q Avg. : $823 / units)

� Despite of weak market demand (yoy 7.4%↓) in ’12 1Q, sales of i40 and ix 35 increased

� Robust sales growth in countries covered by direct sales subsidiaries (Germany yoy 20%↑ / France yoy 69%↑)


116 128

2736

2011 1Q 2012 1Q

PC RV

102 99

19 16

4640

2011 1Q 2012 1Q

PC RV CV

46.7%45.9%

M/S

167 155

-7.1%

4.7%4.7%

143164

+14.7%

M/S

62 70

3438

22

2011 1Q 2012 1Q

PC RV CV

2.9%2.4%

98110

+12.8%

M/S

3


Sales Volume by PlantSales Volume by Plant Sales Mix by SegmentSales Mix by Segment

• Sales volume by plant (Wholesale basis)

Sales Summary : Wholesale

838485

151

161

182

185

411

484

14 55

20 20

57

2011 1Q 2012 1Q

Korea

China

India

US

Czech

Turkey

Russia

919

1,073+16.7%

57% 58%

18% 19%

17% 17%

8% 6%

2011 1Q 2012 1Q

CV

RV

Mid-LargePC

Small PC

◇◇◇◇ Statement of Income

◇◇◇◇ Statement of Financial Position

� Financial Summary (K-IFRS)

◇◇◇◇ Cash Flow Highlights

◇◇◇◇ Financial Summary by division

4

82.8%192105Other Operating Income

2,899

207

409

12.2

2,451

15.6

3,148

11.3

2,283

12.6

2,548

23.0

4,639

20,165

2012 1Q

30.6%

27.7%

24.9%

4.7%

11.6%

10.6%

2,367

154

385

10.3

1,877

13.5

2,465

10.0

1,827

13.4

2,434

22.8

4,157

18,233

2011 1Q

EBITDA

Amortization

Depreciation

Margin (%)

Net Profit

Margin (%)

Recurring Profit

Margin (%)

Operating Profit

Portion (%)

SG&A

Margin (%)

Gross Profit

Sales Revenue

Change

(KRW Billion)

Consolidated Statement of Income

• Consolidated Statement of Income (K-IFRS), Business results of BHMC is accounted in equity income accounting

• Net Profit includes non-controlling interest

5

△278

55

370

2,136

2,283

834

2,082

17,249

20,165

2012 1Q

101.8%27Other

24.9%1,827Operating Profit

1.8%819Other

11.2%1,873Finance

11.0%15,541Automotive

Sales Revenue

13.6%

41.8%

10.6%

△31

325

1,506

18,233

2011 1Q

Consolidation

adjustment

Finance

Automotive

Change

• Consolidated Statement of Income (K-IFRS)

Financial Summary by Division

(KRW Billion)

6

26.1 x

27,119

104.4

147.7

42,437

6,775

44,299

35,189

71,605

17,180

51,965

114,042

2012 1Q

△△△△805

2,109

128

960

2,025

2,453

1,765

3,039

4,562

Change

17.2 x

27,924

107.5

147.5

40,328

6,647

43,339

33,164

69,152

15,415

48,926

109,480

2011

EBITDA / Interest Expense

Net Debt

Debt / Equity Ratio (%)

Current Ratio (%)

Equity

Provision

Short & Long-Term Debt

Current Liabilities

Liabilities

Cash & Cash Equivalents*

Current Assets

Assets

Consolidated Statement of Financial Position

(KRW Billion)

• Consolidated Statement of Financial Position (K-IFRS)• Cash & Cash Equivalents : Cash & cash equivalents + Short-term financial instruments

7• Consolidated Cash Flow Highlights (K-IFRS)

• Above figures includes consolidation adjustments by business division (Automotive / Finance / Others)

Consolidated Cash Flow Highlights

Net Income

Depreciation /Amortization Tangible /

Intangible Asset

Others6,232

7,285

+ 616

+ 2,452

BeginningCash Balance

EndingCash Balance

△△△△ 1,294

△△△△ 720

(KRW Billion)

◇◇◇◇ Sales Revenue Analysis

◇◇◇◇ COGS and SG&A

◇◇◇◇ Net Non-Operating Income

� Revenue & Profit Analysis

8

KRW appreciation against the EUR

EUR / KRW 1,540.4 �� 1,489.5 (3.3% ▼▼▼▼)

Sales Revenue Analysis

Positive Factors

Sales RevenueSales Revenue Positive / Negative ContributorsPositive / Negative Contributors

Negative Factors

(KRW Billion)

• Consolidated sales revenue excludes sales revenue of BHMC ·

• Consolidated sales revenue by business division (Automotive / Finance / Others)

Improved global sales

� Unit sales : + 16.7% (919K � 1,073K)

Automotive Finance Others

KRW depreciation against the USD

USD / KRW 1,119.3 �� 1,130.3 (1.0% ▲▲▲▲)

819 8341,873 2,082

15,54117,249

2011 1Q 2012 1Q

18,233

20,165

+ 1,932

( 10.6% ↑↑↑↑)

9

SG&A and Other Operating Income / Expense

SG&A and Other Operating Income / ExpenseCOGSCOGS

(% of Revenue) (% of Revenue, KRW billion)


F/X transactions

Other

Warranty Provision

Saleswarranties

Marketing Expense

SG & A

Other income/ expense (net)

Other

Salary & wage

COGS and SG&A

2011 1Q 2012 1Q 2011 1Q 2012 1Q

105

2,434

192

2,548

2,3292,356

1.2%

2.4%

4.8%

0.4%

1.6%

0.5%

4.1%

0.1%

2.7%

3.7%

0.1%1.0%

0.4%

5.1%

0.5%

77.2% 77.0%

△△△△0.2%pt

10

Financial IncomeFinancial Income Financial ExpenseFinancial Expense

Net Non-Operating Income2011 1Q : 637.1 2012 1Q : 865.6

Equity EarningsEquity Earnings

(KRW Billion)

Net Non-Operating Income


2012 1Q2011 1Q

254274

189 188

2012 1Q2011 1Q

572

779

2012 1Q2011 1Q

� Appendix

◇◇◇◇ Overseas Plant Operations

◇◇◇◇ Statement of Income (Quarterly)

11

1,558

2011 1Q

4%1,618

2012 1Q

Revenue

Chg

2,933

2011 1Q

4%3,054

2012 1Q

Revenue

Chg

US Plant (HMMA)US Plant (HMMA) China Plant (BHMC)China Plant (BHMC)

Sales Volume Revenue Sales Volume Revenue

• Above figures are standalone results base

(Unit : 1,000 vehicles / KRW Billion)

Overseas Plant : HMMA & BHMC

56 56

28 29

2011 1Q 2012 1Q

Sonata Elantra

8584

9272

1432

4231

34 50

2011 1Q 2012 1Q

Elantra Sonata

Tucson Others

182 185

12

1,238

2011 1Q

1%1,251

2012 1Q

Revenue

Chg

292

2011 1Q

10%322

2012 1Q

Revenue

Chg



India Plant (HMI)India Plant (HMI) Turkey Plant (HAOS)Turkey Plant (HAOS)


Overseas Plant : HMI & HAOS

75 66

32

25

34

44

36

2011 1Q 2012 1Q

i10 i20

Eon Others

161151

6

2

14

18

2011 1Q 2012 1Q

Accent Matrix i20

20 20

13

907

2011 1Q

67%1,513

2012 1Q

Revenue

Chg

182

2011 1Q

292%715

2012 1Q

Revenue

Chg


Czech Plant (HMMC)Czech Plant (HMMC) Russia Plant (HMMR)Russia Plant (HMMR)



Overseas Plant : HMMC & HMMR

34 32

1311

10

40

2011 1Q 2012 1Q

i30 ix20

Venga (Kia) ix35

83

57

14

31

24

2011 1Q 2012 1Q

Solaris Rio (Kia)

55

14

Hyundai Motor.ir Presentation 2012_1Q_eng

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