Hyundai Commercial presented its 2012 financial results showing: 1) Operating income slightly decreased from the previous year due to increases in other operating expenses from government regulations. 2) While ordinary income decreased due to one-time factors, the company's fundamentals remained solid with a high return on assets of 3.01%. 3) The company maintained disciplined asset diversification across its financial businesses and stable capital levels above regulatory requirements.

1. Hyundai Commercial
is…
Investor Presentation Hyundai Commercial

2. Solid Profit Underscores Strong Fundamentals
2
Income Statement (KRW Bn) Operating Income (KRW Bn)
2009 2010 2011 2012 YoY
86
83
Operating
1,63 236 324 349 7.7%
Revenue
58
Operating
1,35 178 238 267 12.0%
Expense
Interest
Expense
78 111 148 164 10.2%
28
SG&A
Expense
39 52 60 66 10.2%
Bad Debt
Expense
11 10 21 25 18.4%
2009 2010 2011 2012
Other-Operating
Expense
9 6 9 12 40.8%
Operating Operating Income slightly decreased
28 58 86 83 -4.2%
Income
- Increase of other operating expense due to reinforcement of
Non-Operating
4 16 13 -17 -226.4% government regulations
Revenue
Ordinary income decreased due to one-time factors
EBT 32 73 100 66 -33.6%
Fundamentals stay solid with high ROA(3.01%)
* Since 2010 : IFRS standards

3. Disciplined Asset Diversification & Market Position
3
Financial Asset Portfolio (KRW Bn) Market Share
New Car Used Car Machine Tool Corporate Finance PF
Captive New Car
3,254
8.8 3.4%
% 2,882
11.7%
3.7%
4.2%
9.9% 91.1% 90.7%
2,333 86.8% 86.3%
4.3%
3.5%
7.4% 27.6%
3.7% 26.4% 2009 2010 2011 2012
30.0%
1,439
5.5%
4.4% 80.7%
3.6% 82.1% Used Car
29.0%
85.4%
55.7% 53.2%
86.5% 55.4%
57.5% 60.6% 61.9%
55.8% 52.8%
2009 2010 2011 2012 2009 2010 2011 2012

4. Outstanding Asset Quality
4
Delinquency Ratio* 30+ (KRW Bn) FSS Guideline vs. Actual Reserve (KRW Bn)
30+ Delinquency Ratio Total Overdue balances FSS Guideline Reserve under Accounting Principles
Supplemental Reserve Total Reserve/ Regulatory Requirement
222.8% 141.7%
104.6% 101.5%
1.1%
1.0% 38
0.8% 0.8%
15
27
25 25
3
18
17
2
37 23
10 22 22
24 16
20
12
2009 2010 2011 2012 2009 2010 2011 2012
* FSS reported, excluding subrogation receivables of HMG

5. Stable Capital Base
5
Leverage Trend Capital Adequacy (KRW Bn)
Core Capital Supplementary Capital CAR
Total Assets / Total Shareholders' Equity
Managed Borrowings / Total Shareholders' Equity
14.6%
15.0x 14.5x
11.7%
10.1%
11.5x 9.3%
13.6x 14.2x
9.9x 465
425
10.2x
119
8.7x 100
249
74
149 346 325
40
175
109
2009 2010 2011 2012 2009 2010 2011 2012

6. Well Diversified Funding Portfolio
6
Funding Portfolio Short-term Coverage Ratio (단위 : 억원)
Short-term Debt Balance Cash Committed Line
ABS Short-term Debt Coverage Ratio*
KOFC 8.9%
CP
2.6% 6.1%
46.2%
41.0%
Loans
1,317
12.3%
Bonds 26.4%
70.2% 1,101
13.8%
947
700
608
451
283
• Funding Balance : 3,464 KRW Bn 250 276
325
100
• Long-Term Funding Ratio : 61.8% 97 27
70 150 175
2009 2010 2011 2012
* Short-term Debt Coverage Ratio
= (Cash + Unused committed credit line)/ Short-term debt balance

7. [Appendix 1] Fact Sheet - HCI
(Unit : KRW Bn) 2008 2009 2010 2011 2012
Domestic Sales of Sum(unit) 20,152 19,795 21,479 18,842 15,620
Commercial Vehicles HMC/KMC M/S 54.0% 60.1% 64.2% 65.8% 62.3%
Total 1,050 1,439 2,333 2,882 3,254
Asset
Auto Sector 77.8% 86.4% 85.4% 82.1% 80.7%
Portfolio
Others 22.2% 13.6% 14.6% 17.9% 19.3%
Substandard & Below 1.2% 0.7% 0.9% 1.2% 1.5%
Asset NPL 1.2% 0.6% 0.6% 1.0% 1.0%
Quality 30+ Delinquency 2.1% 0.9% 1.0% 0.8% 1.1%
NPL Coverage ratio 140.8% 224.7% 172.5% 84.1% 114.8%
Profitability Operating Income 14.1 27.6 57.5 86.4 82.8
Asset & Capital Adequacy Ratio 7.8% 9.3% 10.1% 14.6% 11.7%
Leverage Borrowing Leverage 15.3X 15.0X 14.5X 9.9X 11.5X
Bond / Loan 91.1% 80.9% 78.8% 83.5% 85.0%
CP 8.9% 19.1% 13.0% 4.6% 6.1%
Funding
ABS - - 8.1% 11.9% 8.9%
Portfolio
Total 998 1,481 2,477 3,026 3,464
CP Coverage 124.1% 34.2% 77.4% 322.1% 289.4%
Debt Maturity - 1.37Y 1.69Y 1.79Y 1.66Y
Debt
Maturity 2013 2014 2015 2016 2017∼
Maturity
Volume 1,317 1,062 586 300 200