Hyundai Capital Services reported strong asset growth and stable profitability in 2015. Total assets grew 7.6% to KRW 24.2 trillion driven by enhanced co-marketing with Hyundai Motor and an expansion in the personal auto lease market. Net income increased 16.4% to KRW 276.7 billion due to lower interest expenses and improved asset quality. The company also benefited from increased equity method income from overseas subsidiaries such as China and the UK. Capital adequacy remained solid at 14.9% and asset quality continued to improve with delinquencies falling to 1.9%. Looking ahead, Hyundai Capital Services aims to further its global strategy by expanding overseas operations to align with Hyundai Motor

1. 2015 Earnings Release
Hyundai Capital Services

2. 1
Disclaimer
These presentation materials have been prepared by Hyundai Capital Services., Inc. (“HCS” or “the Company”), solely
for the use at this presentation. This presentation material may not be reproduced, redistributed or passed on, directly
or indirectly, to any other person or published, in whole or in part, for any purpose.
The Company has not taken measures to independently verify data contained in this material. No representations or warranties, express or
implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained
in this presentation. This presentation should not be construed as legal, tax, investment or other advice.
Financial statements in this document have been prepared in accordance with K-IFRS. Other additional market information has been sourced
from the Company or from other external institutions. The information presented or contained in this presentation is current as of the date
hereof and is subject to change without notice and its accuracy is not guaranteed.
Certain information and statements made in this presentation contain “forward-looking statements.” Caution should be taken with respect to
such statements and you should not place undue reliance on any such forward-looking statements.

3. 2
2015 Review
 Asset growth through enhanced OEM co-marketing
 Secure stable profitability based on cost cut and equity method income increase from overseas
entities
 “Global Hyundai Capital” in full action

4. 3
Asset
Asset Portfolio 2015 Strategies & Results
(unit: KRW bn)
2012 2013 2014 2015 YoY
New car 11,000 10,510 10,472 11,552 10.3%
Auto lease 3,805 3,976 3,818 3,997 4.7%
Used car 1,410 1,484 1,464 1,396 -4.6%
P-loan 1,959 2,111 2,162 2,061 -4.7%
Mortgage 1,641 1,796 1,745 1,836 5.2%
Reinforce OEM co-marketing
• OEM-Finco co-operation on promotions from planning stage
- target models, customers, type of financial product etc.
• Recover Captive M/S through competitive products
Advance into personal lease market
• Provide convenience at a reasonable monthly payment
• Successful launch led to growth of auto lease asset
(unit: KRW bn)
16,214 15,970 15,754 16,944
4,071 4,427 4,569
4,868
20,285 20,397 20,323
21,812
79.9% 78.3% 77.5% 77.7%
2012 2013 2014 2015
Auto Non-Anto % of Auto Assets
 2015 OEM co-marketing programs and special products
Jan 1% rate cut on all Kia models
Mar 1% rate cut on all Hyundai models
Hyundai Avante – ‘KRW 100,000 Miracle’
May Hyundai Sonata – interest free installment
Nov Kia K3, K5 – ‘Free 2015’
Source: managed asset

5. 4
Profitability
① Excluding FX effects
Summary of Income Statement
(unit: KRW bn)
2013 2014 2015 YoY
Operating revenue 2,915.1 2,745.9 2,601.7 -5.2% • Lower product interest rate (New Car APR ’14 6.0% → ’15 4.7%)
Operating expenses 2,486.8 2,423.8 2,265.6 -6.5%
Interest expenses 800.6 752.6 649.1 -13.8% • Lower interest expenses on new funding proceeds
Bad debt expenses 453.1 418.3 307.2 -26.6% • Improved asset quality through new-car oriented asset growth
Operating income 429.1 321.9 339.1 5.3%
Non-operating income 95.1 9.1 32.7 259.4%
Equity method income 7.0 17.0 30.9 81.2% • 20.0bn from China, 9.5bn from UK, 1.4bn etc.
Net income 391.4 237.7 276.7 16.4%
ROA 1.9% 1.2% 1.3% 0.1%p
①
①

6. 5
Asset Quality
Delinquency Reserve
(unit: KRW bn)
2.5%
2.7%
2.4%
1.9%
1.0% 1.1% 1.0%
0.7%
2012 2013 2014 2015
30+ days delinquency ratio
New car 30+ days delinquency ratio
385 437 440 465
280
326 334 254
665
763 774 719
144.9%
154.4% 162.2%
171.9%
2012 2013 2014 2015
Allowance Reserve 30+days delinquent asset coverage
Continuous stabilization
• Reinforced underwriting led to continuance of asset quality
improvement
Conservative reserve policy
• Max of expected loss, incurred loss or FSS requirement
• Total asset growth driven by new car financing led slight
decrease of total reserve
①
① (Allowance + Reserve) / 30+ days delinquent asset

7. 6
Capital Structure
Capital Adequacy RatioLeverage
2012 2013 2014 2015 YoY
Total asset 21,885 22,369 22,508 24,219 7.6%
Total capital① 3,031 3,383 3,395 3,671 8.1%
(unit: KRW bn)
7.2X
6.6X 6.6X 6.6X
2012 2013 2014 2015
14.5% 15.1% 15.4% 14.9%
2012 2013 2014 2015
Source: separate financial statement
① Based on previous quarter’s total capital since 2013
Major Issues
• Interim dividend in November 2015
: Total dividends of KRW 250bn (KRW 2,517 per share)
(Ref) 1Q16 leverage expected to be 7.0X

8. 7
Funding
Funding Position Maturity
2014 2015
Total Funding 5,893 8,135
Bond 3,353 4,029
Domestic 2,510 3,001
Overseas 843 1,028
ABS 600 1,626
CP, Bank loan 1,940 2,480
(unit: KRW bn) Funding guidelines
• Long-term debt: 60% or more
• By Product: ABS <20%, CP <10%
• ALM ratio: 100% or more
Domestic
Bond
52.9%
Overseas
Bond
20.9%
Domestic
ABS
9.5%
Overseas
ABS
6.8%
Bank loan
6.4%
CP and
short-term
debt
3.5%
2014 2015
2.0yr 2.0yr
1.9yr 2.0yr
148.0%
142.0%
132.0% 129.8%
2012 2013 2014 2015
Debt maturity ALM ratio
Domestic
Bond
52.0%
Overseas
Bond
26.2%
Domestic
ABS
7.6%
Overseas
ABS
5.3%
Bank loan
7.8%
CP and
short-term
debt
1.1%
KRW
17.8tn
KRW
19.3tn
Source: company
New funding
Portfolio by product

9. 8
Liquidity
Liquidity Position Short-term debt Coverage
Contingency framework
• Early warning and response system in place
• Daily monitoring of key market indicators
(unit: KRW bn) (unit: KRW bn)
Liquidity Management
• Satisfies Basel III Liquidity coverage ratio
• Diversified Credit lines by lender and tenor
1,100 1,304 1,375 1,551
2,480 2,345 2,524
2,712
3,580 3,649 3,899
4,263
2012 2013 2014 2015
Cash Credit line
5,176 4,953
5,790 5,772
69.2% 73.7%
67.3%
73.9%
2012 2013 2014 2015
Short-term debt Short-term debt coverage
Source: company

10. 9
Organization of Global Business Division(Strategy, Corp mgt etc.)
Launch of HCCA (Canada)
• Asset size ’15 KRW 0.4 tn → ’16 KRW 1.0tn (E)
Overseas Business
Strategy
2015 Results
Source: company (FX rate as of 2015-end)
※ Germany: applied for internet bank license
※ Brazil, Russia, India, Australia: Financial Advisory
USA
(HCA)
UK
(HCUK)
China
(BHAF)
Canada
(HCCA)
Founded 1989.9 2012.2 2012.6 2014.4
Shares
structure
HMA 80%
KMA 20%
HCS 30%
HMUK 10%
KMUK 10%
SCUK 50%
HCS 46%
HMC 7%
BHMC 14%
BAI 33%
HMC 60%
KMC 40%
Finance growth in alignment with OEM sales
HCS to match Hyundai Motor Group’s global presences
 Overseas Entities
Overseas Performance
USA
(HCA)
UK
(HCUK)
China
(BHAF)
Canada
(HCCA)
Receivables (KRW tn)
26.8
32.7
1.8 2.4
2.0
3.4
0.4
2014 2015
2014 2015
2014 2015
2014 2015
IBT (KRW bn)
2014 2015
2014 2015
2014 2015
2014 2015
“Expenses
increase
(Bad debt
etc.)”
434.7
334.3
-18.2
31.1
40.0
24.0
58.1

11. 10
Appendix
① Separate financial statement
② Total asset(current period) / Total capital(previous period) as of 2013
Item 2011 2012 2013 2014 2015
Asset
Total 19.8tn 20.3tn 20.4tn 20.3tn 21.8tn
% of Auto asset 82.8% 79.9% 78.3% 77.5% 77.7%
Asset Quality
30+ days DQ ratio 2.0% 2.5% 2.7% 2.4% 1.9%
NPL Coverage 122.0% 103.0% 94.4% 104.2% 133.9%
Capital Structure
CAR①
13.0% 14.5% 15.1% 15.4% 14.9%
Leverage②
8.3X 7.2X 6.6X 6.6X 6.6X
Funding
Total 17.3tn 17.3tn 17.8tn 17.8tn 19.4tn
Bond 72.0% 74.2% 76.1% 78.2% 73.8%
Bank loan 8.7% 9.4% 8.4% 7.8% 6.4%
CP, Short-term debt 4.3% 3.4% 1.8% 1.1% 3.5%
ABS 15.0% 13.0% 13.6% 12.9% 16.3%
ALM
ALM ratio 163.7% 148.0% 142.0% 132.0% 129.8%
Asset maturity 1.3yr 1.4yr 1.4yr 1.5yr 1.5yr
Debt maturity 2.1yr 2.0yr 2.0yr 1.9yr 2.0yr

12. Further Information
IR Homepage: http://ir.hyundaicapital.com
IR email address: irhcs@hyundaicapital.com