- Hyundai Capital reported record sales and earnings for 2022 driven by global sales growth and higher priced models. - Despite a slight decline in global car sales due to chip shortages, operating income increased through sales of high-priced SUVs and Genesis models. - Earnings remained stable with prime auto assets as the main portfolio, while maintaining conservative risk management.

1. 4Q 2022
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. 6,666
6,844
2021 2022
7.3%
8.4%③
6.7
9.8③
70
87
5.1
7.2③
HMC KIA
118
143
HMG Domestic Car Sales
HMG Global Car Sales
Record-High Performance Driven by Global Sales Growth and Higher ASP Model Mix
1,262 1,588
1,051
1,230
1,809
1,116
76,814 76,035
2021 2022
(K units)
HMG Global Car Sales①
Global
-1.0%
North Americas
+13.9%
Europe
+6.2%
Korea
-2.5%
2.7%
• Global sales have recovered thanks to production and volume
growth, strong SUV sales
• Despite the strong demand, car sales went down slightly due to
the prolonged chip shortages
• Profitability growth boosted by increased sales of high ASP models
Operating
income
Operating
- margin
Revenues
(TN KRW)
5.7%
6.9%③
2021 2022 2021 2022
HMG
① HMC/KIA Business Performance Report, Wholesale ② HMC SUV+Genesis/KIA RV
③ Incl. quality cost, if excl. quality cost, HMC operating margin 7.8%, operating income 11.1 trillion/KIA operating margin 10.1%, operating income 8.8 trillion
1
M/S
553 535 542
788 727 688
2020 2021 2022
71.1%
73.5% 73.3%
(K units)
HMC
KIA
1,341 1,262 1,230
HMC
High Asp Models②
KIA
46.6% 52.4% 56.8%
56.0% 58.2% 65.0%

4. 2.2 2.3 1.9
3.5 3.6
3.4
0.9
1.1 1.9
6.5 TN
7.0 TN 7.2 TN
2020 2021 2022
15.5 14.8 15.8
6.1 6.7
7.6
2.7 2.8
2.6
24.2 TN 24.3 TN
26.1 TN
2020 2021 2022
Non-Auto
Auto
① Vehicle-backed loan products are reclassified (P-Loan → Used car) ② NICE CB Grades 1~4 → 1H21 Credit score 780 and above (’21 credit score scheme in place)
78.9% 77.6% 78.3%
Auto %
HMG sales
(K units)
1,341 1,262 1,230 X-sell %
Prime % 65.7% 62.9%② 62.3%②
86.5% 87.5% 91.3%
• New cars : Despite fierce competition, penetration and assets
increased by stronger relations within HMG
• Lease : Growth continued particularly in high ASP models
• P-Loan: Targets prime auto customers with a focus on X-selling
• Others: Corporate finance volume increased slightly but the share
is less than 5% in entire assets
New car
Lease
Used Car①
P-Loan①
Mortgage
Others
Portfolio Built with Prime Auto Assets in Stronger Cooperation with HMG
Asset
2

5. 3
①,② FX and derivatives effect excluded ③ Net income / Financial assets average balance
2020 2021 2022
YoY
Financial Assets 30.7 TN 31.3 TN 33.3 TN 6.2%
(BN KRW)
Operating Revenue①
2,834.3 2,941.2 3,787.0 28.8%
Operating Expense②
2,438.6 2,469.8 3,311.8 34.1%
Bad debt 271.0 139.5 198.3 42.1%
SG&A 633.3 620.2 676.0 9.0%
Operating Income 397.9 486.1 474.5 -2.4%
Non-operating
Income
79.1 89.1 108.8 22.1%
Equity method
income
67.7 71.5 103.8 45.3%
IBT 477.0 575.2 583.3 1.4%
Net Income 348.6 432.6 437.1 1.0%
ROA③
1.2% 1.4% 1.4% 0.0%p
Summary of Financial Statements
Operating revenue growth continued, effected by prime auto portfolio
• Lease revenue up 50.9% YoY by increased demand for high yield models
Ensuring asset quality through conservative risk management
• Delinquency kept at a stable level thanks to pre-emptive risk management in
preparation for continued economic slowdown that would worsen asset quality
Equity method income increased by stabilization of global entities
• Strong performance in Canada and Germany contributed to 45.3% of profit
growth YoY
Stable Profitability Contributed by Lease & Global Business Performance
P&L
2.12% 1.89%
1.48%
0.94% 1.04%
2018 2019 2020 2021 2022
30+ %

6. 4
120.7% 123.4% 129.4%
2020 2021 2022
7.6x 7.2x 7.4x
2020 2021 2022
Asset Leverage
(Asset/Equity)
Regulatory
Reserves
Coverage
Guideline 2022
6M Coverage 100% 155%
ALM 100% 122%
Domestic
Bonds 54%
Overseas
Bonds
19%
ABS
17%
Bank
7%
Others
3%
Total
Debt Balance
30.8 TN
Provision
• Regulatory reserves coverage remained above government
guideline (100%)
Capital Adequacy
• No dividend payout in ’21~‘22
Funding
• Borrowings stabilized by well-diversified funding portfolio
Liquidity
• Stability enhanced by conservative internal liquidity guideline
Key Index
Solid Financial Position Within Regulatory Guidelines
Index

7. APPENDIX

8. Consolidated Statement of Financial Position
Consolidated Income Statement
①,② Excluding FX and derivatives effect
(BN KRW) 2020 2021 2022
Operating Revenue①
2,834.3 2,941.2 3,787.0
Loan income 807.2 792.6 920.0
Installment income 624.9 609.9 629.2
Lease income 1,137.6 1,359.7 2,051.4
Gain on sales of loan
receivables
96.7 8.0 24.3
Others 167.9 171.0 162.1
Operating Expense②
2,438.6 2,469.8 3,311.8
Interest expense 588.4 557.7 711.8
Lease expense 843.5 1,066.9 1670.0
Bad debt expense 271.0 139.5 198.3
Loss on sales of loan
receivables
4.5 0.1 2.7
SG&A 633.3 620.2 676.0
Others 97.9 85.4 53.0
Operating Income 397.9 486.1 474.5
Non-operating Income 79.1 89.1 108.8
Equity method income 67.7 71.5 103.8
IBT 477.0 575.2 583.3
Net Income 348.6 432.6 437.1
(BN KRW) 2020 2021 2022
Assets 33,683.3 34,917.1 38,647.5
Cash and deposit 1,688.0 1,673.9 2,958.9
Securities 1,343.0 1,505.7 1,757.3
Loan receivables 9,212.4 10,118.0 9,942.9
Installment assets 14,523.4 13,752.1 14,720.8
Lease receivables 2,407.1 2,108.3 2,044.9
Lease assets 3,621.7 4,559.0 5,538.1
Tangible assets 201.8 196.8 209.3
Others 685.9 1,003.3 1,475.2
Liabilities 28,951.2 29,710.3 33,017.8
Borrowings 27,339.6 28,519.1 31,399.2
Others 1,611.6 1,191.3 1,618.6
Equity 4,732.1 5,206.7 5,629.7
Capital 496.5 496.5 496.5
Capital surplus 388.6 388.6 388.6
Retained earnings 3,888.0 4,228.8 4,665.9
Others -41.0 92.8 78.6
1. Financial Statements

9. (BN KRW) 2020 2021 2022
Asset
Quality① 30+ Delinquency 1.48% 0.94% 1.04%
Substandard and
below asset ratio
2.7% 2.2% 2.2%
Total provision
/30+ receivables
203.1% 275.8% 250.2%
Leverage②
7.6x 7.2x 7.4x
Total assets 33,359.9 34,412.2 37,977.3
Total capital
(previous quarter)
4,411.6 4,780.2 5,149.0
Debt Balance③
27,568.1 28,209.0 30,818.0
Liquidity④
5,024.3 4,927.5 6,958.1
Cash 1,666.2 1,650.0 2,925.5
Credit Line 3,358.1 3,277.5 4,032.6
(BN KRW) 2020 2021 2022
Financial Assets 30,732.3 31,340.7 33,271.6
Auto 24,238.5 24,322.6 26,061.3
New car 15,521.9 14,790.8 15,801.0
Lease/rent 6,071.6 6,736.1 7,641.4
Used car 2,645.0 2,795.7 2,618.8
Non-Auto 6,493.8 7,018.2 7,210.4
P-Loan 2,175.0 2,263.2 1,874.9
Mortgage 3,465.7 3,640.0 3,415.9
Corporate
finance
594.0 908.3 1,695.6
Others 259.2 206.6 224.0
①, ② Based on separate financial statements ③, ④ Based on managerial accounting
2. Key Figures

10. Strategy
Highlights
• Asset growth
continued with
above-market-
average car sales
• Profitability
protected despite
shrinking car sales
and assets
• Volume on the rise by
EV sales growth but
profitability on the
decline by higher
interest expenses
• Pen. and assets
expanded, profit
growth continued
with bad debt
management
• Profitability
continued improving
after HCBE expanded
assets with OEM co-
marketing and turned
into profit
• Volume and profit
growth continued
via portfolio
expansion
Financial
Assets
(BN)
[USD] [RMB] [GBP] [CAD] [EUR] [BRL]
IBT
(MN)
2 7 21
2020 2021 2022
HCA①
US
BHAF
China
HCCA
Canada
HCBE
Germany
38.8 46.7 48.2
2020 2021 2022
26.0 23.2 14.9
2020 2021 2022
2.3 2.7 3.1
2020 2021 2022
3.0 4.9 6.4
2020 2021 2022
HCUK
UK
2.5 3.3 4.3
2020 2021 2022
530 1,035 647
2020 2021 2022
696 691 615
2020 2021 2022
51 87 75
2020 2021 2022
29 72 116
2020 2021 2022
BHCB
Brazil
2.8 4.1 4.8
2020 2021 2022
57 96 141
2020 2021 2022
① HCS provide management guidance for HCA. HCA shareholding structure: Hyundai Motor (HMA) 80%, Kia (KUS) 20%
Based on local GAAP standards / Based on IFRS for HCBE, BHCB
3. Global Hyundai Capital