Hyundai Capital Services reported asset growth of 3.4% in the first half of 2015 despite unfavorable market conditions, with improvements in profitability through reduced bad debt expenses and better asset quality. The company also expanded its overseas operations through new subsidiaries and increased its global business capabilities. Liquidity and capital adequacy ratios remained strong with diversified funding sources.
Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. The company operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations. The company's investments are categorized into three categories, held to maturity, held for trading and available for sale. Karur Vysya Bank
Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. The company operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations. The company's investments are categorized into three categories, held to maturity, held for trading and available for sale. Karur Vysya Bank
Comprehensive program for Agricultural Finance, the Automotive Sector, and Empowerment . We will define the full scope and provide a detailed two-week plan for identifying strategic partners in each area within Limpopo, including target areas.:
1. Agricultural : Supporting Primary and Secondary Agriculture
• Scope: Provide support solutions to enhance agricultural productivity and sustainability.
• Target Areas: Polokwane, Tzaneen, Thohoyandou, Makhado, and Giyani.
2. Automotive Sector: Partnerships with Mechanics and Panel Beater Shops
• Scope: Develop collaborations with automotive service providers to improve service quality and business operations.
• Target Areas: Polokwane, Lephalale, Mokopane, Phalaborwa, and Bela-Bela.
3. Empowerment : Focusing on Women Empowerment
• Scope: Provide business support support and training to women-owned businesses, promoting economic inclusion.
• Target Areas: Polokwane, Thohoyandou, Musina, Burgersfort, and Louis Trichardt.
We will also prioritize Industrial Economic Zone areas and their priorities.
Sign up on https://profilesmes.online/welcome/
To be eligible:
1. You must have a registered business and operate in Limpopo
2. Generate revenue
3. Sectors : Agriculture ( primary and secondary) and Automative
Women and Youth are encouraged to apply even if you don't fall in those sectors.
𝘼𝙣𝙩𝙞𝙦𝙪𝙚 𝙋𝙡𝙖𝙨𝙩𝙞𝙘 𝙏𝙧𝙖𝙙𝙚𝙧𝙨 𝙞𝙨 𝙫𝙚𝙧𝙮 𝙛𝙖𝙢𝙤𝙪𝙨 𝙛𝙤𝙧 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚𝙞𝙧 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙨. 𝙒𝙚 𝙝𝙖𝙫𝙚 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙥𝙡𝙖𝙨𝙩𝙞𝙘 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙪𝙨𝙚𝙙 𝙞𝙣 𝙖𝙪𝙩𝙤𝙢𝙤𝙩𝙞𝙫𝙚 𝙖𝙣𝙙 𝙖𝙪𝙩𝙤 𝙥𝙖𝙧𝙩𝙨 𝙖𝙣𝙙 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙛𝙖𝙢𝙤𝙪𝙨 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙗𝙪𝙮 𝙩𝙝𝙚 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙛𝙧𝙤𝙢 𝙪𝙨.
Over the 10 years, we have gained a strong foothold in the market due to our range's high quality, competitive prices, and time-lined delivery schedules.
What Are The Immediate Steps To Take When The VW Temperature Light Starts Fla...Import Motorworks
Learn how to respond when the red temperature light flashes in your VW with this presentation. From checking coolant levels to seeking professional help, follow these steps promptly to prevent engine damage and ensure safety on the road.
How To Fix The Key Not Detected Issue In Mercedes CarsIntegrity Motorcar
Experiencing a "Key Not Detected" problem in your Mercedes? Don’t take it for granted. Go through this presentation to find out the exact nature of the issue you are dealing with. Have your vehicle checked by a certified professional if necessary.
Learn why monitoring your Mercedes' Exhaust Back Pressure (EBP) sensor is crucial. Understand its role in engine performance and emission reduction. Discover five warning signs of EBP sensor failure, from loss of power to increased emissions. Take action promptly to avoid costly repairs and maintain your Mercedes' reliability and efficiency.
Things to remember while upgrading the brakes of your carjennifermiller8137
Upgrading the brakes of your car? Keep these things in mind before doing so. Additionally, start using an OBD 2 GPS tracker so that you never miss a vehicle maintenance appointment. On top of this, a car GPS tracker will also let you master good driving habits that will let you increase the operational life of your car’s brakes.
What Could Cause The Headlights On Your Porsche 911 To Stop WorkingLancer Service
Discover why your Porsche 911 headlights might flicker out unexpectedly. From aging bulbs to electrical gremlins and moisture mishaps, we're delving into the reasons behind the blackout. Stay tuned to illuminate the road ahead and ensure your lights shine bright for safer journeys.
Your VW's camshaft position sensor is crucial for engine performance. Signs of failure include engine misfires, difficulty starting, stalling at low speeds, reduced fuel efficiency, and the check engine light. Prompt inspection and replacement can prevent further damage and keep your VW running smoothly.
Welcome to ASP Cranes, your trusted partner for crane solutions in Raipur, Chhattisgarh! With years of experience and a commitment to excellence, we offer a comprehensive range of crane services tailored to meet your lifting and material handling needs.
At ASP Cranes, we understand the importance of reliable and efficient crane operations in various industries, from construction and manufacturing to logistics and infrastructure development. That's why we strive to deliver top-notch solutions that enhance productivity, safety, and cost-effectiveness for our clients.
Our services include:
Crane Rental: Whether you need a crawler crane for heavy lifting or a hydraulic crane for versatile operations, we have a diverse fleet of well-maintained cranes available for rent. Our rental options are flexible and can be customized to suit your project requirements.
Crane Sales: Looking to invest in a crane for your business? We offer a wide selection of new and used cranes from leading manufacturers, ensuring you find the perfect equipment to match your needs and budget.
Crane Maintenance and Repair: To ensure optimal performance and safety, regular maintenance and timely repairs are essential for cranes. Our team of skilled technicians provides comprehensive maintenance and repair services to keep your equipment running smoothly and minimize downtime.
Crane Operator Training: Proper training is crucial for safe and efficient crane operation. We offer specialized training programs conducted by certified instructors to equip operators with the skills and knowledge they need to handle cranes effectively.
Custom Solutions: We understand that every project is unique, which is why we offer custom crane solutions tailored to your specific requirements. Whether you need modifications, attachments, or specialized equipment, we can design and implement solutions that meet your needs.
At ASP Cranes, customer satisfaction is our top priority. We are dedicated to delivering reliable, cost-effective, and innovative crane solutions that exceed expectations. Contact us today to learn more about our services and how we can support your project in Raipur, Chhattisgarh, and beyond. Let ASP Cranes be your trusted partner for all your crane needs!
Ever been troubled by the blinking sign and didn’t know what to do?
Here’s a handy guide to dashboard symbols so that you’ll never be confused again!
Save them for later and save the trouble!
Fleet management these days is next to impossible without connected vehicle solutions. Why? Well, fleet trackers and accompanying connected vehicle management solutions tend to offer quite a few hard-to-ignore benefits to fleet managers and businesses alike. Let’s check them out!
2. 1
Disclaimer
This presentation material is being presented to you solely for your information only and may not be taken away by you and 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.
These presentation materials have been prepared by Hyundai Capital Services., Inc. (“HCS 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
Companies nor any of theirs 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 Companies nor any of their 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 Companies’ 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 Companies have not verified such
data with independent sources. Accordingly, the Companies 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 Companies 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 Companies 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 Companies, if any.
3. 2
Major Issues in 1H15
Asset growth through Enhanced Business as a Captive Finance despite unfavorable market
conditions
Laid foundations for better profitability through Asset Quality improvement and Bad Debt
Expense decrease, as a result of constant risk management.
Overseas operation expansion through strengthened Global Business capabilities
4. 3
Business Environment
Domestic Economy Domestic Auto Sales
Stagnant captive auto sales
• Strong sales recorded by Import auto makers
• Improvement expected in 2H through full model change of
best-sellers (HMC Avante, KMC K5 etc.)
(unit : *1,000)
Economic recovery delayed
• GDP growth rate lowered (Bank of Korea, ‘15. 7)
Low interest continued
• Competition intensified as funding cost gap narrows
2.0%
2.8%
3.3%
2.4%
2.75%
2.50%
2.00%
1.50%
2012 2013 2014 1H15
GDP growth rate Key rate
668 641 685
336
482 458 465
243
392 441 510
279
1,542 1,540 1,660
857
74.6%
71.4%
69.3%
67.5%
2012 2013 2014 1H15
HMC KMC Others HMG M/S
5. 4
Asset
Asset Portfolio Business Strategies 2015
(unit: KRW bn)
2012 2013 2014 1H15 YTD
New car 11,000 10,510 10,472 10,832 3.4%
Auto lease 3,805 3,976 3,818 3,896 2.0%
Used car 1,410 1,484 1,464 1,418 -3.1%
P-loan 1,959 2,111 2,162 2,075 -4.0%
Mortgage 1,641 1,796 1,745 1,667 -4.5%
Auto-finance
• Competitiveness reinforced through OEM co-marketing
• Specialized products launch to meet customer needs
(PCP, Personal lease)
Personal-finance
• Strengthened marketing to target prime customers
Reference : OEM co-marketing(unit: KRW bn)
Jan Interest lowered by 1% on all KMC vehicles
Mar Interest lowered by 1% on all HMC vehicles
KMC “Morning Coffee” promotion
HMC “KRW 100,000 Miracle – Avante”
promotion
May HMC interest-free on Sonata
16,214 15,970 15,754 16,146
4,070 4,428 4,569 4,590
20,285 20,397 20,323 20,735
79.9% 78.3% 77.5% 77.9%
2012 2013 2014 1H15
Auto asset Non-auto asset % of Auto asset
6. 5
Profitability
① Excluding FX effects
② Including one-off disposal loss
Summary of Income Statement
2013 2014 1H14 1H15 YoY
Operating Rev①
2,915.1 2,745.9 1,355.6 1,328.2 -2.0%
Operating Exp①
2,486.8 2,423.8 1,212.0 1,121.3 -7.5%
Interest expense 800.6 752.6 387.3 336.2 -13.2%
Lease expense 505.9 500.5 250.1 250.3 0.1%
SG & A 671.7 702.3 321.2 360.1 12.1%
Bad debt expense 453.1 418.3 226.6 149.2 -34.2%
Operating Income 429.1 321.9 143.3 207.4 44.8%
Non-operating
Income
3.3 9.1 11.0 21.8 98.2%
Equity method
income
4.5 17.0 -20.9 19.1 TB
Net Income 391.4 237.7 85.1 173.9 104.3%
ROA 1.9% 1.3% 0.8%②
1.7% 0.9%p
Analysis on Income Statement
Operating Revenue
• Product interest lowered due to key rate drop
Operating Expense
• Interest expense decreased due to key rate drop
• Bad debt expense decreased due to asset quality
improvement
Net Income
• Equity method income increased due to stabilized
overseas operation
(unit: KRW bn)
6.8% 6.6% 6.0%
5.0%
2012 2013 2014 1H15
New car finance APR
8. 7
Capital Structure
Capital Adequacy RatioLeverage
① Based on previous quarter’s total capital since 2013
2012 2013 2014 1H15 YTD
Total Asset 21,885 22,369 22,508 22,682 0.8%
Total Capital① 3,031 3,400 3,395 3,502 3.2%
(unit: KRW bn)
2012 2013 2014 1H15 YTD
Adjusted
Total Asset
20,438 20,673 21,793 21,955 0.7%
Adjusted
Total Capital
2,954 3,130 3,346 3,552 6.2%
(Unit: KRW bn)
7.2X
6.6X 6.6X 6.5X
2012 2013 2014 1H15
14.5% 15.1% 15.4% 16.2%
2012 2013 2014 1H15
9. 8
Domestic
bond
56.1%
Overseas
bond
22.0%
Domestic
ABS
9.3%
Overseas
ABS
3.9%
Loans
7.2%
CP
1.5%
Funding
Funding Portfolio by product Asset-Liability Maturity
2014 1H15
Total Funding 5,893 3,317
Bond 3,353 1,957
Domestic 2,510 1,511
Overseas 843 446
ABS 600 400
CP, Bank loan 1,940 960
2014 1H15
(unit: KRW bn)
Funding Guidelines
• Long-term debt : 60% or more
• By Product: ABS <20%, CP <10%
• ALM ratio : 100% or more
2.0yr 2.0yr
1.9yr
2.0yr
148.0%
142.0%
132.0%
139.2%
2012 2013 2014 1H15
Debt maturity ALM ratio
Domestic
bond
52.0%Overseas
bond
26.2%
Domestic
ABS
7.6%
Overseas
ABS
5.3%
Loans
7.8%
CP
1.1%
KRW
17.8tn
KRW
17.8tn
10. 9
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 1,210
2,480 2,345 2,524 2,894
3,580 3,649 3,899 4,104
2012 2013 2014 1H15
Cash Credit line
5,176 4,953
5,790
4,889
69.2% 73.7%
67.3%
83.9%
2012 2013 2014 1H15
Short-term debt Short-term debt coverage ratio
11. 10
Overseas Business
Overseas Operations
Country
(Corp. name)
Founded
Equity
structure
Financial Asset
(local currency)
(HCA)
1989.9
HMA 80%
KMA 20%
KRW 28.7tn
(USD 25.5bn)
(HCUK)
2012.2
HCS 29.99%
HMUK 10%
KMUK 10%
SCUK 50.01%
KRW 2.2tn
(GBP 1.3mn)
(BHAF)
2012.6
HCS 46%
HMC 14%
BAI 40%
KRW 2.5tn
(CNY 13.7bn)
(HCCA)
2014.4
HMC 60%
KMC 40%
KRW 216bn
(CAD 238mn)
Growth of Overseas Asset
(unit: KRW tn)
CAGR=36%
① FX rate as of 1H15-end
①
5
9
14
19
24
31
34
'09 '10 '11 '12 '13 '14 1H15
12. 11
Appendix
Personal Lease Launch Certified Used Car Center Open
Reinforce Auto-finance Value chain
• Utilize systematically managed Lease-returned vehicles
• Manage Vehicles’ residual value efficiently
Initiate changes on vehicle “possession”
• Boost new car sales and shorten replacement period
• “Use” easy-to-manage cars on lower monthly payment