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%↑)
(Unit : 1,000 vehicles)
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
(Unit : 1,000 vehicles)
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)
• Consolidated Statement of Income (K-IFRS)
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
• Consolidated Statement of Income (K-IFRS)
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
• Above figures are standalone results base
Sales Volume Revenue Sales Volume Revenue
India Plant (HMI)India Plant (HMI) Turkey Plant (HAOS)Turkey Plant (HAOS)
(Unit : 1,000 vehicles / KRW Billion)
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
• Above figures are standalone results base
Czech Plant (HMMC)Czech Plant (HMMC) Russia Plant (HMMR)Russia Plant (HMMR)
Sales Volume Revenue Sales Volume Revenue
(Unit : 1,000 vehicles / KRW Billion)
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