- HMG achieved record quarterly performance from global sales growth and higher ASP model mix, with global car sales up 0.2% YoY to 18.5 million units. - HMG maintained prime auto finance asset portfolio based on strong cooperation, with financial assets growing 4.5% YoY to KRW 33 trillion. - Profitability was defended with captive lease-led revenue growth and pre-emptive risk management, though equity method income decreased due to one-off HCBE impairment cost.

1. 1Q 2023
EARNINGS RELEASE

2. Disclaimer
This presentation and its contents have been prepared by Hyundai Capital Services, Inc. (“HCS” or “the
Company”) solely for information purposes, and may not be reproduced, published, redistributed, or
transferred, directly or indirectly to any other person, 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 herein. This presentation shall 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 contents such as market or
industry information have been sourced internally or from various associations. The data contained in this presentation is current as
of the date hereof, but the Company shall not be liable for any updates or verification of the contents thereafter.
Certain information and statements in this presentation contain estimates and other “forward-looking statements” which should be
approached with caution. The Company shall not be responsible for any losses or damages incurred based on these forward-
looking statements.

3. 1.9
3.6
71.1%
73.5% 73.3%
46.6% 52.4% 56.8%
56.0% 58.2% 65.0%
1,589
1,791
1Q22 1Q23 HMC KIA
HMG Domestic Car Sales
HMG Global Car Sales
Record-High Quarterly Performance from Global Sales Growth and Higher ASP Model Mix
18,521 18,564
1Q22 1Q23
(K units)
HMG Global Car Sales①
Global
0.2%
North Americas②
+27.6%
Europe③
+10.4%
Korea
+21.5%
12.7%
Operating
income
Operating
- margin
Revenues
(TN KRW)
HMG
① HMC/KIA Business Performance Report, Wholesale ② HMC North Americas, KIA America ③ HMC Europe, KIA Western Europe ④ HMC SUV+Genesis/KIA RV
1
M/S
(K units)
HMC
KIA
HMC
High ASP Models④
KIA
274 395 278
333
504
307
553 535 542
788 727 688
2020 2021 2022
7…
77.6%
122 142
152
191
1Q22 1Q23
57.2% 57.8%
61.3% 66.1%
6.4%
9.5%
8.8%
12.1%
1,341 1,262 1,230
274
333
30
38
18
24
1.6
2.9
1Q22 1Q23 1Q22 1Q23
• Despite continued external uncertainties, global sales have grown
significantly as a result of improved parts supply and large backorders
• Increased production led to growth in domestic car sales and higher M/S
• Enhanced profitability due to increased portion of high ASP models

4. 2.2 2.3 1.9 1.6
3.5 3.6
3.4
3.2
0.4
0.7 1.6
1.5
0.4
0.4
0.3
0.3
6.5 TN
7.0 TN 7.2 TN
6.5 TN
2020 2021 2022 1Q23
Non-Auto
Auto
① NICE CB Grades 1~4 → 1H21 Credit score 780 and above (’21 credit score scheme in place)
78.9% 77.6% 78.3% 80.2%
Auto %
HMG sales
(K units)
1,341 1,262 1,230 333 X-sell %
Prime %①
• New cars: Asset growth from incremental vehicle production and sales
• Lease: Continued growth from competitive product lineup focused on
high ASP models
• P-Loan: Gradual decline in asset size (4.7% of total financial assets)
• PF: Slight decline in asset size (4.5% of total financial assets)
New car
Lease
Used Car①
P-Loan①
Mortgage
PF
Others
Maintaining Prime Auto Finance Asset Portfolio Based on Strong Cooperation with HMG
Asset
2
65.7% 62.9% 62.3% 70.2%
86.5% 87.5% 91.3% 87.0%
15.5 14.8 15.8 16.2
6.1 6.7
7.6 7.7
2.7 2.8
2.6 2.6
24.2 TN 24.3 TN
26.1 TN 26.5 TN
2020 2021 2022 1Q23

5. 3
①,② Excluding FX and derivatives impact ③ Reflecting 40.5 BN KRW of equity method losses by impairment assessment of HCBE after acquisition of shares in Allane ④ Net income / Average Balance of Financial Assets
Summary of Financial Statements
Stable growth in operating revenue led by auto finance assets
• Financial assets growth of 4.5% YoY from enhanced competitiveness in loan products
• Lease revenue growth of 47.3% YoY from increased demand for high ASP models
Ensuring sound asset quality from pre-emptive risk mgmt.
• Maintained 30+ delinquency at lower 1% level, despite increase in bad debt amidst
concerns for economic slowdown
Defending Profitability with Captive Lease-led Revenue Growth and Pre-emptive Risk Management
P&L
2021 2022 1Q22 1Q23
YoY
Financial Assets 31.3 TN 33.3 TN 31.6 TN 33.0 TN 4.5%
(BN KRW)
Operating Revenue①
2,941.2 3,787.0 768.8 1,053.2 37.0%
Operating Expense②
2,469.8 3,311.8 625.9 954.7 52.5%
Bad Debt 139.5 198.3 31.7 66.4 109.1%
SG&A 620.2 676.0 152.7 164.0 7.4%
Operating Income 486.1 474.5 136.2 96.8 -28.9%
Non-operating
Income
89.1 108.8 27.2 -11.3 -141.3%
Equity Method
Income
71.5 103.8 25.0 -13.4③
-153.7%
IBT 575.2 583.3 163.4 85.5 -47.7%
Net Income 432.6 437.1 124.8 65.0 -47.9%
ROA④
1.4% 1.4% 1.6% 0.8% -0.8%p
30+ %
1.89%
1.48%
0.94% 1.04% 1.12%
2019 2020 2021 2022 1Q23
Equity method income decreased due to one-off cost from impairment
assessment of a global entity
• Equity method income growth of 8.5% YoY eliminating HCBE impairment loss

6. 4
Asset Leverage
(Asset/Equity)
Regulatory
Reserve
Coverage
Domestic
Bonds 57%
Overseas
Bonds
17%
ABS
15%
Bank
8%
Others
3%
Total
Debt Balance
31.9 TN
Provision
• Regulatory reserve coverage kept above government guideline (100%)
Capital Adequacy
• No dividend payout in ’21~‘22
Funding
• Maintaining diversified funding portfolio
Liquidity
• Conservative internal guideline in place for liquidity management
Key Index
Solid Financial Position Maintained Within Regulatory Guidelines
Index
120.7% 123.4% 129.4% 129.3%
2020 2021 2022 1Q23
7.6x 7.2x 7.4x 7.6x
2020 2021 2022 1Q23
Guideline 2021 1Q23
6M Coverage 100% 108% 144%
ALM 100% 120% 125%

7. APPENDIX

8. Consolidated Statement of Financial Position
Consolidated Income Statement
①,② Excluding FX and derivatives effect
(BN KRW) 2020 2021 2022 1Q23
Operating Revenue①
2,834.3 2,941.2 3,787.0 1,053.2
Loan income 807.2 792.6 920.0 239.4
Instalment income 624.9 609.9 629.2 191.2
Lease income 1,137.6 1,359.7 2,051.4 553.5
Gain on sales of loan
receivables
96.7 8.0 24.3 4.1
Others 167.9 171.0 162.1 65.0
Operating Expense②
2,438.6 2,469.8 3,311.8 954.7
Interest expense 588.4 557.7 711.8 254.9
Lease expense 843.5 1,066.9 1670.0 449.2
Bad debt expense 271.0 139.5 198.3 66.4
Loss on sales of loan
receivables
4.5 0.1 2.7 0.6
SG&A 633.3 620.2 676.0 164.0
Others 97.9 85.4 53.0 19.6
Operating Income 397.9 486.1 474.5 96.8
Non-operating Income 79.1 89.1 108.8 -11.3
Equity method
income
67.7 71.5 103.8 -13.4
IBT 477.0 575.2 583.3 85.5
Net Income 348.6 432.6 437.1 65.0
(BN KRW) 2020 2021 2022 1Q23
Assets 33,683.3 34,917.1 38,647.5 39,989.4
Cash and deposit 1,688.0 1,673.9 2,958.9 4,450.9
Securities 1,343.0 1,505.7 1,757.3 1,809.4
Loan receivables 9,212.4 10,118.0 9,942.9 9,200.3
Instalment assets 14,523.4 13,752.1 14,720.8 15,167.7
Lease receivables 2,407.1 2,108.3 2,044.9 2,002.8
Lease assets 3,621.7 4,559.0 5,538.1 5,625.0
Tangible assets 201.8 196.8 209.3 206.1
Others 685.9 1,003.3 1,475.3 1,527.3
Liabilities 28,951.2 29,710.3 33,017.8 34,295.5
Borrowings 27,339.6 28,519.1 31,399.2 32,644.0
Others 1,611.6 1,191.3 1,618.6 1,651.5
Equity 4,732.1 5,206.7 5,629.7 5,693.9
Capital 496.5 496.5 496.5 496.5
Capital surplus 388.6 388.6 388.6 388.6
Retained earnings 3,888.0 4,228.8 4,665.9 4,730.9
Others -41.0 92.8 78.7 77.9
1. Financial Statements

9. (BN KRW) 2020 2021 2022 1Q23
Asset
Quality① 30+ Delinquency 1.48% 0.94% 1.04% 1.12%
Substandard and
below asset ratio
2.7% 2.2% 2.2% 2.3%
Total provision
/30+ receivables
203.1% 275.8% 250.2% 243.3%
Leverage②
7.6x 7.2x 7.4x 7.6x
Total assets 33,359.9 34,412.2 37,977.3 39,251.3
Total capital
(previous quarter)
4,411.6 4,780.2 5,149.0 5,178.9
Debt Balance③
27,568.1 28,209.0 30,818.0 31,940.6
Liquidity④
5,024.3 4,927.5 6,958.1 8,330.1
Cash 1,666.2 1,650.0 2,925.5 4,411.4
Credit Line 3,358.1 3,277.5 4,032.6 3,918.6
(BN KRW) 2020 2021 2022 1Q23
Financial Assets 30,732.3 31,340.7 33,271.6 32,995.3
Auto 24,238.5 24,322.6 26,061.3 26,454.5
New car 15,521.9 14,790.8 15,801.0 16,176.0
Lease/rent 6,071.6 6,736.1 7,641.4 7,686.4
Used car 2,645.0 2,795.7 2,618.8 2,592.1
Non-Auto 6,493.8 7,018.2 7,210.4 6,540.8
P-Loan 2,175.0 2,263.2 1,874.9 1,561.0
Mortgage 3,465.7 3,640.0 3,415.9 3,180.7
PF 407.2 707.1 1,571.3 1,483.9
Others 446.0 407.8 348.3 315.2
①,② Based on separate financial statements ③,④ Based on managerial accounting
2. Key Figures

10. Strategy
Highlights
• Continued asset
growth from strong
car sales and
incremental pen.
• Efforts to defend
profitability through
cost efficiency, amidst
shrinking assets from
slowing HMG sales
• Asset growth from
incremental EV sales
but profitability down
due to increased bad
debt expense
• Despite pen. and asset
growth, profit
decreased due to rising
funding cost in high
interest environment
• Asset growth from
HMG co-marketing,
and continued efforts
for stable profitability
following turnaround
• Volume and profit
growth continued via
portfolio
diversification
Financial
Assets
(BN)
[USD] [RMB] [GBP] [CAD] [EUR] [BRL]
IBT
(MN)
HCA①
US
BHAF
China
HCCA
Canada
HCBE
Germany
HCUK
UK
BHCB
Brazil
① HCS provides management guidance for HCA. HCA shareholding structure: Hyundai Motor (HMA) 80%, Kia (KUS) 20%
Based on local GAAP / Based on IFRS for HCBE, BHCB
3. Global Hyundai Capital
46.7 48.2 49.5
2021 2022 1Q23
23.2 14.9 13.3
2021 2022 1Q23
2.7 3.1 3.3
2021 2022 1Q23
4.9 6.4 6.8
2021 2022 1Q23
3.3 4.3 4.7
2021 2022 1Q23
4.1 4.8 4.9
2021 2022 1Q23
7 21 5
2021 2022 1Q23
1,035 647
139
2021 2022 1Q23
691 615
133
2021 2022 1Q23
87 75 15
2021 2022 1Q23
72 116
10
2021 2022 1Q23
96 141 50
2021 2022 1Q23