![[Appendix 1] Fact Sheet - HCI
(Unit : KRW Bn) 2009 2010 2011 2012 1Q’13
Domestic Sales
of Commercial
Vehicles
Sum(unit) 19,795 21,479 18,842 15,620 4,615
HMC/KMC M/S 60.1% 64.2% 65.8% 62.3% 59.7%
Asset
Portfolio
Total 1,439 2,333 2,882 3,254 3,350
Auto Sector 86.4% 85.4% 82.1% 80.7% 80.6%
Others 13.6% 14.6% 17.9% 19.3% 19.4%
Asset
Quality
Substandard & Below 0.7% 0.9% 1.2% 1.5% 1.4%
NPL 0.6% 0.6% 1.0% 1.0% 0.9%
30+ Delinquency 0.9% 1.0% 0.8% 1.1% 1.1%
NPL Coverage ratio 224.7% 172.5% 84.1% 114.8% 124.7%
Profitability Operating Income 27.6 57.5 88.2 82.8 16.0
Asset & Capital Adequacy Ratio 9.3% 10.1% 14.6% 11.7% 10.9%
Leverage Borrowing Leverage 15.0X 14.5X 9.9X 11.6X 11.7X
Funding
Portfolio
Bond / Loan 80.9% 78.8% 83.5% 85.0% 86.5%
CP 19.1% 13.0% 4.6% 6.1% 4.8%
ABS - 8.1% 11.9% 8.9% 8.7%
Total 1,481 2,477 3,026 3,464 3,555
CP Coverage 34.2% 77.4% 322.1% 289.4% 393.8%
Debt
Maturity
Debt Maturity 1.37Y 1.69Y 1.79Y 1.66Y 1.71Y
Maturity 2Q’13 ~ 4Q’13 2014 2015 2016 2017∼
Volume 1,000 1,206 625 421 303](https://image.slidesharecdn.com/20131qhciengfinal-130603183758-phpapp01/85/2013-1-q_hci_-_-_eng_final-7-320.jpg)
2013년 1 q_hci_실적_발표자료_eng_final
- 1. Hyundai Commercial is… Investor Presentation Hyundai Commercial
- 2. 58 88 83 23 16 2010 2011 2012 1Q'12 1Q'13 2 * K-IFRS standards 2011201120112011 2012201220122012 1Q1Q1Q1Q’12121212 1Q1Q1Q1Q’13131313 YoYYoYYoYYoY Operating Revenue 324324324324 347347347347 84848484 87878787 4.2% Operating Expense 236236236236 264264264264 61616161 71717171 17.3% Interest Expense 148 164 40 40 0.3% SG&A Expense 59 66 14 18 28.5% Bad Debt Expense 20 22 5 8 59.4% Other-Operating Expense 8 13 2 6 165.8% Operating Income 88888888 83838383 23232323 16161616 -30.4% Non-Operating Revenue 12121212 ----17171717 2222 ----3333 -244.5% EBT 100100100100 66666666 25252525 13131313 -49.3% Income Statement (KRW Bn) Solid Profit Underscores Strong Fundamentals Operating Income (KRW Bn) Operating Income decreased due to increase of Operating Expense - Increase of labor costs by hiring professionals for risk management and new business opportunities - Increase of bad debts write-off due to economic downturns
- 3. 3 2,333 2,882 3,254 3,010 3,350 2010 2011 2012 1Q'12 1Q'13 New Car Used Car Machine Tool Corporate Finance PF 8.88.88.88.8 %%%% Financial Asset Portfolio (KRW Bn) Market Share Captive New Car 90.7% 86.8% 86.3% 85.8% 2010 2011 2012 1Q'13 Used Car* 61.9% 55.8% 52.8% 57.2% 2010 2011 2012 1Q'13 Disciplined Asset Diversification & Market Position 55.7% 26.4% 4.3% 3.7% 9.9% 55.4% 30.0% 3.7% 3.5% 7.4% 53.2% 27.6% 4.2% 3.4% 11.7% 85.4%85.4%85.4%85.4% 82.1%82.1%82.1%82.1% 80.7%80.7%80.7%80.7% 53.2% 27.4% 4.4% 3.3% 11.7% 80.6%80.6%80.6%80.6% 86.3%86.3%86.3%86.3% 58.6% 27.6% 4.2% 3.3% 6.2% * Top 5 Capital firms
- 4. 4 17 25 27 28 16 22 23 22 2 3 15 17 18 25 38 39104.6% 101.5% 141.7% 138.6% 20 24 37 37 1.0% 0.8% 1.1% 1.1% 2010 2011 2012 1Q'13 2010 2011 2012 Delinquency Ratio* 30+ (KRW Bn) FSS Guideline vs. Actual Reserve(KRW Bn) 30+ 연체율 연체액 Outstanding Asset Quality * FSS reported, excluding subrogation receivables of HMG 1Q’13 FSS Guideline Reserve under Accounting Principles Supplemental Reserve Total Reserve/ Regulatory Requirement
- 5. 175 346 325 329 74 119 100 79 249 465 425 408 10.1% 14.6% 11.7% 10.9% 2010 2011 2012 1Q'13 5 Leverage Trend Capital Adequacy (KRW Bn) Stable Capital Base 14.5x 9.9x 11.6x 11.7x14.2x 8.7x 10.2x 10.3x 2010 2011 2012 1Q'13 * K-IFRS standards Total Assets / Total Shareholders' Equity Managed Borrowings / Total Shareholders' Equity Core Capital CARSupplementary Capital
- 6. 947 1,101 1,317 1,366 150 175 325 400100 276 283 270 250 451 608 670 26.4% 41.0% 46.2% 49.0% 6 Funding Portfolio BondsBondsBondsBonds 71.9%71.9%71.9%71.9% LoansLoansLoansLoans 12.1%12.1%12.1%12.1% KOFCKOFCKOFCKOFC 2.5%2.5%2.5%2.5% CPCPCPCP 4.8%4.8%4.8%4.8% ABSABSABSABS 8.7%8.7%8.7%8.7% • Funding Balance : 3,555 KRW Bn • Long-Term Funding Ratio : 61.6% * Short-term Debt Coverage Ratio = (Cash + Unused committed credit line)/ Short-term debt balance Short-term Coverage Ratio (KRW Bn) Well Diversified Funding Portfolio 2010 2011 2012 1Q’13 Committed LineCash Short-term Debt Coverage Ratio* Short-term Debt Balance
- 7. [Appendix 1] Fact Sheet - HCI (Unit : KRW Bn) 2009 2010 2011 2012 1Q’13 Domestic Sales of Commercial Vehicles Sum(unit) 19,795 21,479 18,842 15,620 4,615 HMC/KMC M/S 60.1% 64.2% 65.8% 62.3% 59.7% Asset Portfolio Total 1,439 2,333 2,882 3,254 3,350 Auto Sector 86.4% 85.4% 82.1% 80.7% 80.6% Others 13.6% 14.6% 17.9% 19.3% 19.4% Asset Quality Substandard & Below 0.7% 0.9% 1.2% 1.5% 1.4% NPL 0.6% 0.6% 1.0% 1.0% 0.9% 30+ Delinquency 0.9% 1.0% 0.8% 1.1% 1.1% NPL Coverage ratio 224.7% 172.5% 84.1% 114.8% 124.7% Profitability Operating Income 27.6 57.5 88.2 82.8 16.0 Asset & Capital Adequacy Ratio 9.3% 10.1% 14.6% 11.7% 10.9% Leverage Borrowing Leverage 15.0X 14.5X 9.9X 11.6X 11.7X Funding Portfolio Bond / Loan 80.9% 78.8% 83.5% 85.0% 86.5% CP 19.1% 13.0% 4.6% 6.1% 4.8% ABS - 8.1% 11.9% 8.9% 8.7% Total 1,481 2,477 3,026 3,464 3,555 CP Coverage 34.2% 77.4% 322.1% 289.4% 393.8% Debt Maturity Debt Maturity 1.37Y 1.69Y 1.79Y 1.66Y 1.71Y Maturity 2Q’13 ~ 4Q’13 2014 2015 2016 2017∼ Volume 1,000 1,206 625 421 303