2016 Hyundai Commercial Annual Presentation

1. 2016 Earnings Release
Hyundai Commercial Inc.

2. 1
Disclaimer
These presentation materials have been prepared by Hyundai Commercial Inc. (“HCI 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
 Channel innovation & product advantage Strengthened Market Dominance
 Robust asset growth & cost managements led to Significant Profitability Growth
 Underwriting expertise and risk policy made the Superb Quality Assets
Overview

4. 3
Asset
Asset Portfolio Business Strategies
(Unit: KRW bn)
(Unit: KRW bn)
2,716
3,247 3,370 3,713
745
834
1,146
1,324
3,460
4,081
4,517
5,036
78.5% 79.6%
74.6% 73.7%
2013 2014 2015 2016
Auto Asset Non-Auto Asset Auto Share
Commercial Auto Financing
• Increased sales from B2B channels
• More client values through platform services
Corporate Financing
• Stable growth from captive loan business (Financing
provider of HMG eco-system)
• Diversified asset portfolio (NPL, PF, Structured, etc.)
2013 2014 2015 2016 YoY
New Auto
Captive
748 949 1,071 1,091 1.9%
New Auto
Non-Captive
868 1,019 1,092 1,328 21.6%
Used Auto 1,100 1,279 1,208 1,294 7.1%
Corporate
Finance
745 834 1,146 1,324 15.5%

5. 4
Profitablity
Summary of Income Statement Comments
(Unit: KRW bn)
Operating Revenue
• Strong fundamentals for growth
• Increased lease sales
Operating Expense
• Lowered funding cost
• Increased investments & hiring
• More improvements in asset quality
Net Income
• Gain on equity method investments
① Earnings Before Tax/Average Managed Assets
2014 2015 2016 YoY
Operating Revenue 350.8 369.1 386.4 4.7%
Loans 288.6 293.7 282.3 -3.9%
Installment Finance 23.8 22.7 21.6 -4.7%
Lease 18.1 26.6 39.7 49.5%
Operating Expense 286.3 292.4 299.1 2.3%
Interest Exp. 152.7 140.5 129.4 -7.9%
SG & A Exp. 81.7 94.0 104.9 11.5%
Bad Debt Exp. 33.9 39.6 31.0 -21.7%
Operating Income 64.5 76.7 87.3 13.8%
Non-operating
Income (Net)
-22.5 -5.0 4.8 –
Equity Method (Net) -22.4 - 5.4 4.4 –
Net Income 24.7 53.5 71.3 33.2%
ROA①
0.7% 1.3% 1.5% 0.2%p
*Accumulated basis (Jan. 1 – Dec. 31)

6. 5
Asset Quality
Delinquency Reserve
0.7% 0.7%
0.5% 0.5%
0.1%
0.2%
0.3%
0.2%
2013 2014 2015 2016
30+days Delinquency Ratio 90+days Delinquency Ratio
25 27 31
38
16
21
19
22
41
48 50
60179.5%
170.4%
202.0%
245.5%
2013 2014 2015 2016
Allowance Reserve 30+ Days Coverage
(Unit: KRW bn)

7. 6
Capital Structure
Capital Adequacy RatioLeverage
2013 2014 2015 2016 YoY
Total Asset 4,155 4,782 5,314 6,017 13.2%
Total Equity① 358 504 603 655 8.6%
2013 2014 2015 2016 YoY
Adjusted
Total Asset
3,870 4,535 5,098 5,766 13.1%
Adjusted
Total Equity
427 526 550 549 -0.3%
①Prior quarter-end figure
11.0%
11.6%
10.8%
9.5%
2013 2014 2015 2016
11.6X
9.5X
8.8X 9.2X
2013 2014 2015 2016
(Unit: KRW bn) (Unit: KRW bn)

8. 7
Funding
Funding Portfolio Asset-Liability Maturity
Funding Guidelines
• Long-term debt : No less than 60%
• By Vehicle : ABS <20%, CP <10%
• ALM Ratio : No less than 100%
1.7
1.9
1.7 1.7
132.4%
138.0%
120.9%
126.5%
1.0%
21.0%
41.0%
61.0%
81.0%
101.0%
121.0%
141.0%
161.0%
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2013 2014 2015 2016
Debt Maturity (Yrs) ALM Ratio
Diversified Funding Portfolio
• LT funding takes majority share
• (2Q16) Issued USD $250M Off-shore ABS
- The 1st Commercial Auto Loan Securitization in S.Korea
2015
Bond
84.8%
ABS
5.6%
CP
5.6%
Bank
Loans
4.0%
KRW
5.2Tn
2016
Bond
87.7%
CP
6.8%
Bank
Loans
5.5%
KRW
4.5Tn

9. 8
Liquidity
Liquidity Position Short-term Debt Coverage
Contingency framework
• Early warning and response system
Liquidity Management
• Satisfies Basel III Liquidity Coverage Ratio (LCR) criteria
281 262
377
485
405 405
410
460
686 667
787
945
2013 2014 2015 2016
Cash Credit Line
1,405
1,500
1,770 1,812
48.8%
44.5% 44.5%
52.2%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
(200)
300
800
1,300
1,800
2,300
2,800
3,300
2013 2014 2015 2016
Short-term Debt Short-term Debt Coverage
(Unit: KRW bn) (Unit: KRW bn)

10. 9
Further Information