Global Sales and FCEV Strategy Update
Hyundai Commercial
1
Assets: Continued growth centering on Corporate Finance
2
-
-
Industrial Finance: Maintaining prime centric volume stance and gained
visible results in new business (rental, commercial vehicles, etc.)
Corporate Finance: Increased prime PF assets and expanded Fee Biz (AR
securitization/sell-down, etc.)
Risk: Maintained conservative policy as COVID-19 prolonged
Underwriting: Continually cutting off high-risk (multi-debt, thin file, etc.)
Collection: Reinforced monitoring through field inspections & expediting
collection on non-performing/high-risk receivables
3 P&L: Huge improvement from bad debt expense and equity income
Assets (TN KRW)
45.0%
47.0%
Pen, rate
41.7%
2.2
2.6
2.8
Corporate
Finance
4.5
4.2
4.2
Industrial
Finance
'18
'19
'20
Quality
0.74%
0.48%
30+%
0.27%
Safe assets mix
40.4%
45.2%
25.5%
in volume
(Industrial
Finance)
-
Bad debt expense%: Declined as delinquency low from tighter risk action
'18
'19
'20
4
-
Related companies: Increased equity method income from Hyundai Card
and Fubon Hyundai Life
Treasury: Conservative policy as financial market is more volatile
P&L (BN KRW)
Bad debt
1.73%
1,68%
0.99%
expense
ratio
148
IBT
96
80
Funding: Maintaining longer liabilities maturity structure and diversified
funding sources (ABS, long-term CP, etc.)
'18
'19
'20
- Liquidity: Managing under tighter policy vs. existing guideline
(6M coverage 108%, ALM 132% as of '20)
Liquidity (TN KRW)
125.1%
135.7%
132.3%
ALM
5
New growth engine: Enhanced data competitiveness with Platform Biz
expansion
1.1
Cash
1.1
0.8
0.5
0.9
Credit line
0.6
Continually expanding platform services, e.g. Go-Truck, Go-Funding, etc.
'18
'19
'20
â‘ Industrial finance
36
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