2. Disclaimer
These presentation materials have been prepared by Hyundai Commercial Inc. (“HCI or the Company”), solely for the use at this presentation and have
not been independently verified. 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. Neither the Company nor any of its affiliates,
advisers or representatives accepts any responsibility whatsoever for any loss or damage arising from any information presented or contained in this
presentation. 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. Neither the Company nor any of its affiliates, advisers or representatives make any undertaking to update any such
information subsequent 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 be
identified 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 Company’s current expectation of future
events and are subject to a number of factors that could cause actual results to differ materially from those described in the 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.
Certain industry and market data in this presentation was obtained from various trade associations, and the Company have not verified such data with
independent sources. Accordingly, the Company make no representations as to the accuracy or completeness of that data, and such data involves 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 Company and neither any
part of this presentation nor any information or statement contained therein shall form the basis of or be relied upon in connection with any contract or
commitment whatsoever. Any decision to purchase shares in any offering of shares of the Company should be made solely on the basis of the
information contained in the offering document which may be published or distributed in due course in connection with any offering of shares of the
Company, if any.
The contents of this presentation 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.
3. 3
손손손손익익익익계계계계산산산산서서서서(단위 : 억원)
2012 2013 3Q13 3Q14 YoY
영업수익 3,467 3,462 2,574 2,591 0.7%
영업비용 2,639 2,704 1,991 2,089 4.9%
대손상각비 216 251 188 245 30.3%
영업이익 828 759 583 503 -13.7%
당기순이익 436 366 292 294 0.7%
RRRROOOOAAAA
2.9% 3.0%
2.7%
2.4%
2011 2012 2013 3Q14
* 신규취급 ROA
수익기반 다변화로 영업수익 증가세 유지
- 저금리 기조에 따라 대출금리 하락하였으나,
고수익 자산인 리스 수익의 증가(59%↑)
- 취급액 증가로 성장 Fundamental 유지(20%↑)
영업이익 감소
- 대손 비용의 일시적 증가
- 지분법 평가손실 부담 감소에 따라 당기순이익 증가
저성장, 저금리 장기화 대비 손익체력 강화
- 새로운 사업기획 발굴 및 역량 축적
- 비용 구조의 Rebalancing을 통한 효율화 추진
수수수수익익익익성성성성
KKKKeeeeyyyy HHHHiiiigggghhhhlllliiiigggghhhhttttssss
전전전전망망망망및 전전전전략략략략
4. 4
PF 3.4%
중고차
32.7%
시시시시장장장장점점점점유유유유율율율율
• 총 여신규모 : 3.9 조원
• Auto 비중 : 76.9%
신차
44.2%
87.7% 91.0% 86.5% 85.0%
51.4% 52.5% 50.5% 53.7%
2011 2012 2013 3Q14
공작기계
3.7%
기업금융
16.0%
신차Captive 중고차
Auto 시장 지배적 지위 유지
- 서비스 기반 상품 Line-up 확대(리스, RV * 등)
- B2C에서 탈피, B2B 판매금융 강화
사업포트폴리오 다변화
- Auto 이외 기업금융, 공작기계 등 지속 확대
안정적인 기업금융 취급 확대
- Captive 협력사 위주의 동반성장 대출 확대
- 부동산 PF 부실 Zero 유지
고수익 및 안정적 사업모델 지속 발굴
- 운용리스 확대, 렌탈 사업, 재고금융 등
* RV : Residual Value
자자자자산산산산 및 시시시시장장장장점점점점유유유유율율율율
KKKKeeeeyyyy HHHHiiiigggghhhhlllliiiigggghhhhttttssss
전전전전망망망망및 전전전전략략략략
자자자자산산산산포포포포트트트트폴폴폴폴리리리리오오오오
5. 5
33330000일이이이이상상상상연연연연체체체체율율율율
0.8%
1.1%
0.7%
0.8%
2011 2012 2013 3Q14
충충충충당당당당금금금금적적적적립립립립액액액액(단위 : 억원)
2011 2012 2013 3Q14
실적립액* 253 381 413 416
요적립 coverage** 102% 142% 137% 140%
* 대손충당금 + 대손준비금
** (대손충당금+ 대손준비금) / 요적립액
경쟁사 대비 탁월한 자산건전성
- 경기침체에도 불구 연체율 안정화 지속
보수적인 충당금 정책 지속
- 요적립액을 상회하는 적립율 지속 유지
심사 기준 및 Collection 관리 강화로 우수한
자산건전성 지속 유지
자자자자산산산산건건건건전전전전성성성성 및 충충충충당당당당금금금금
KKKKeeeeyyyy HHHHiiiigggghhhhlllliiiigggghhhhttttssss
전전전전망망망망및 전전전전략략략략
