현대카드 IR자료 2011년1분기 국문

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현대카드 IR자료 2011년1분기 국문 Hyundai Card IR 1Q 2011 Investor Presentation

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현대카드 IR자료 2011년1분기 국문

  1. 1. Hyundai Cardis...Investor Presentation Hyundai CardMay 2011
  2. 2. DisclaimerThese presentation materials have been prepared by Hyundai Card Co., Ltd. (“HCC or the Company”), solely for theuse at this presentation and have not been independently verified. No representations or warranties, express or im-plied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the informa-tion presented or contained in this presentation. Neither the Companies nor any of theirs affiliates, advisers or representatives acceptsany responsibility whatsoever for any loss or damage arising from any information presented or contained in this presentation. The informationpresented or contained in this presentation is current as of the date hereof and is subject to change without notice and its accuracy is not guaran-teed. Neither the Companies nor any of their affiliates, advisers or representatives make any undertaking to update any such information subse-quent to the date hereof. This presentation should not be construed as legal, tax, investment or other advice.Certain information and statements made in this presentation contain “forward-looking statements.” Such forward-looking statements can beidentified by the use of forward-looking terminology such as “anticipate,” “believe,” “considering,” “depends,” “estimate,” “expect,” “intend,” “plan,”“planning,” “planned,” “project,” “trend,” and similar expressions. All forward-looking statements are the Companies’ current expectation of futureevents and are subject to a number of factors that could cause actual results to differ materially from those described in the forward-looking state-ments. Caution should be taken with respect to such statements and you should not place undue reliance on any such forward-looking state-ments.Certain industry and market data in this presentation was obtained from various trade associations, and the Companies have not verified such datawith independent sources. Accordingly, the Companies make no representations as to the accuracy or completeness of that data, and such datainvolves risks and uncertainties and is subject to change based on various factors.This presentation does not constitute an offer or invitation to purchase or subscribe for any shares or other securities of the Companies and neitherany part of this presentation nor any information or statement contained therein shall form the basis of or be relied upon in connection with anycontract or commitment whatsoever. Any decision to purchase shares in any offering of shares of the Companies should be made solely on thebasis of the information contained in the offering document which may be published or distributed in due course in connection with any offeringof shares of the Companies, if any.The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, inwhole or in part, for any purpose.
  3. 3. The Premier Korean Credit Card Company 03 - 30 : 0.6% - 1 : 75 - - Super premium Leadership Position GE Capital Partnership - : Committee - GE Capital Business
  4. 4. Growing Partnership with GE Capital 04 - “Point Program” - 2010 GE Capital 2 Credit line - 7,320 2011 3 54.0% 2008 2006 ~ 2008 - Marketing tool BW - 2006 GE Capital : 1,653 - Joint Venture - 2005 GE Capital 2,000 43.0% - GE Capital JV - - 3,130 - - 43%
  5. 5. Investment Highlights 05 2010 14.1% 2011 1 14.6%) 2011 1 - 982 740 Strong commitment 4X - committed credit line Fundamental - 2011 1 AA+
  6. 6. Compelling Business Environment 062011 1 : 4.2% : 2011 1 GDP - 2010 12 4.2% 5.8% 5.7% 6.1% 5.1% 2010 4.2% - : 57.0% Infrastructure 2.2% - - Credit Bureau - 0.2% 2007 2008 2009 2010 1Q11Source : Source : the Credit Finance Association, at the end of 2010
  7. 7. Conservative Strategy Focused on Credit Purchase 07 Market Share Trend 000’s + 91,861 91,487 2009 71,361 21.6% 21.7% 2 15.9% 15.7% 15.7% 15.0% 12.9% 56,161 12.6% 13.8% 14.5% 10.7% 14.1% 14.6% 13.1% 12.6% 25.0% 24.3% 11.2% 25.8% 2Q09 28.9% 2 48.5% 40.7% 40.9% 10,103 44.0% 8,755 9,878 7,616 2008 2009 2010 1Q11 2008 2009 2010 1Q11Source : Company * Source : Company
  8. 8. Innovative Programs Strengthen Bonds with Customers 08 Point Program Income Level Super Premium Premium Prime Middle Point benefit M2 Multiple 5521 MONTH / YEAR 5433 MONTH / YEAR GOOD GOOD THRU THRU MSave Auto M2 Platinum D/C benefit M3 Platinum 5433 MONTH / YEAR GOOD THRU V Shopping 4330 M2 GOOD MONTH / YEAR M THRU M Point M M2 Lady Platinum M Lady/ R R3 Platinum T&E the Black the Purple/ Diners W travel the Red Platinum - Loyalty - / 5521 A2 K2 MONTH / YEAR T2 Niche GOOD THRU 4330 MONTH / YEAR GOOD THRU - - retention 4330 GOOD THRU MONTH / YEAR 4028 GOOD THRU MONTH / YEAR - A2, K2, T2 Platinum F/ O/ H/ T - T3, H3 Platinum
  9. 9. Creative Branding Drives High Awareness 09 Global 83.4% 80.4% 76.0%(ex. / , etc.) 69.0%Super Match Concert- HCC 2007 2008 2009 2010 Source : Company
  10. 10. Pre-emptive Approach to Risk Management 10 (Risk Control Committee) - - GE Capital - GE Capital Asia Chief Risk Officer GE Capital - GE Capital Credit scoring system - Compliance Anti-fraud team - Risk - GE Capital Risk reporting format - Credit risk Risk-based pricing
  11. 11. Combining Strong Governance with Innovation 11 - Committee . Risk Control Committee . Executive Finance Committee . Asset & Liability Committee - GE Capital - GE Capital Veto right - - innovation -
  12. 12. Continuous Improvement in Profitability 12 2009 2010 1Q10 1Q11 YoY 3,787 18,408 23,164 5,441 6,078 11.7% 1,010 17,948 22,399 4,917 5,837 18.7% 2,863 2,578 15,546 19,378 4,502 5,096 13.2% 4.5% 15,085 18,613 3,978 4,856 22.1% 2,777 939 982 1,126 1,847 312 528 69.3% 420 141 10 26 155.4% 2008 2009 2010 1Q10 1Q11 2,863 3,787 939 982 4.5% -ROA 4.7% 4.8% 5.4% 4.3% - - 2,128 2,844 686 740 8.0% -
  13. 13. Excellent Asset Quality & Conservative Reserve Policy 1330 143.3% 123.9% 127.7% 118.7% 0.7% 0.6% 2,087 0.3% 0.4% 249 1,886 226 1,837 1,759 1,660 1,415 1,477 1,348 1,143 941 2008 2009 2010 1Q11 2008 2009 2010 1Q11Source: Company
  14. 14. Solid Capital Base 14Leverage Capital Adequacy Ratio Leverage 4.1X 4.0X 23.5% 3.2X 3.5X 22.5% 18.7% 19.7% Leverage : 4.0x 18,433 18,535 18,107 72,373 16,989 17,371 71,970 14,063 14,832 51,648 12,341 39,799 2008 2009 2010 1Q11 2008 2009 2010 1Q11Source : Company Source : Company
  15. 15. Well Diversified Funding Portfolio 15Funding Portfolio by Product Funding Principles ABS 20%, CP 10% ABS 10.7% ABS CP 10.7% 100% 7.2% Loans Contingency plan 3.9% Loan29.0 CP 3.9% 7.2% Bond 78.1% 78.1% 2011 Funding Status :7 2,373 7,000 Credit line 2,700 : 64.2% CP 5%, 65% Diversification
  16. 16. Effectively Managed Liquidity 16CP Coverage Ratio CP Cash Credit Line CP Coverage Ratio Bond CP Loan ABS 291.7% 20.0% 173.9% 14,439 20.3% 16.3% 14,684 72.1% 500 68.7% 11,794 600 16.0% 13.5% 13.9% 11,600 7,214 2,984 9,782 2,194 10,074 1,100 1,300 1,492 4,978 1,042 800 3,840 13,339 200 11,600 8,070 7,500 8,582 11,700 1,200 5,700 6,600 6,500 5,607 3,910 5,240 3,800 3,600 2008 2009 2010 1Q11 2Q11 2H11 2012 2013 2014 2015~* CP Coverage Ratio = ( Committed Credit Line)/CP Source : CompanySource : Company
  17. 17. Investment Summary 17 2011 1 Target leverage Strong commitment 4X Fundamental
  18. 18. Investor Relations ContactsPhone 02 3770 9932 Phone 02 2167 7051hyungseok_lee@hyundaicapital.com mcseo@hyundaicapital.comPhone 02 2167 6507 Phone 02 3770 9737mjbae@hyundaicard.com youn.chung@hyundaicapital.comPhone 02 2167 6327michelle.cho@hyundaicapital.com http://www.hyundaicard.com

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