Hyundai Capital Services reported financial results for the first half of 2017. While total assets grew 3.4% to 25.9 trillion won, net income decreased 28.6% to 162.3 billion won due to one-time gains in the prior year period. Asset quality remained stable with the 30+ day delinquency ratio unchanged at 2.1% and the FSS requirement coverage ratio slightly decreased to 120.8%. Overseas subsidiaries continued growing, contributing 42.4 billion won in equity method income. Going forward, Hyundai Capital will focus on expanding its global operations and diversifying its funding sources.

1. 1H17
Earnings Release

2. Disclaimer
These presentation materials have been prepared by Hyundai Capital Services., Inc. (“HCS” or “the Company”), solely
for the use at this presentation. This presentation material 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.
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 in this presentation. This presentation should 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 market information has
been sourced from the Company or from other external institutions. 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.
Certain information and statements made in this presentation contain “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.

3. 15,754 16,944 16,948 16,995
4,569
4,868 5,620 6,076
20,323
21,812 22,568 23,071
2014 2015 2016 1H17
Auto Non-auto
Captive
• Enhance competitiveness through OEM co-marketing
(e.g. 100bps APR cut in 17.04)
• Stagnant asset size due to decreased auto sales
Non-captive
• Mortgage: Volume increase with focus on prime customer
& asset
(LTV 70% or lower, Risk hedging through RVI, Senior lien 98%)
• Corporate: Stable growth based on secured loan product
(Prime Corp, mostly asset-backed, conservative risk policy)
2
2014 2015 2016 1H17 YTD
New Car 10,472 11,552 11,564 11,628 0.6%
Lease 3,818 3,997 4,042 4,028 -0.3%
Used Car 1,464 1,396 1,343 1,339 -0.3%
P-loan 2,162 2,061 2,095 2,168 3.5%
Mortgage 1,745 1,836 2,457 2,686 9.3%
Corporate 350 597 813 911 12.1%
1,242
1,194
628 601
2015 2016 1H16 1H17
Asset
Asset Portfolio Performance Review
(unit: bn KRW)
unit: K
(unit: bn KRW)
HMC·KMC
Domestic
sales
Source: Financial Receivables
(consumption tax cut)

4. 2015 2016 1H16 1H17 YoY
Operating revenue①
2,601.7 2,586.0 1,342.0 1,259.7 -6.1%
• Base-effect of NPL disposal in 1H16
(-0.1% after normalization of one-off disposal)
Operating expenses②
2,265.6 2,243.5 1,071.3 1,090.5 1.8%
Interest expenses 649.1 585.8 305.0 267.6 -12.2%
• Despite recent market rate increase, HCS’s lower-cost
refinanced funding effect continues
Bad debt expenses 307.2 295.4 123.7 141.4 14.3%
• Increased due to asset growth but BDE/Asset at 1.3%
(Stable 30+DQ : ’16-end 2.1% → ’1H17-end 2.1%)
Operating income 339.1 343.3 271.1 166.7 -38.5% • 12.1% after normalization of one-off disposal in 1H16
Non-operating
income
32.7 60.2 35.9 46.0 28.3%
Equity method
income
30.9 55.8 32.6 42.4 29.8%
• Growth & improved profits from overseas subsidiaries
(BHAF 35.7bn, HCUK 5.8bn)
Net income 276.7 300.7 227.5 162.3 -28.6% • -2.9% after normalization of one-off disposal in 1H16
ROA③ 1.3% 1.4% 2.1% 1.4% -0.7%p
3
Summary of Income Statement
(unit : bn KRW)
Profitability
① ② Excluding FX effects
③ Bi-annual figures are annualized

5. 440 465 529 531
334 254 208 198
774 719 737 729
110.6%
124.0% 124.0%
120.8%
2014 2015 2016 1H17
Allowance Reserve FSS reruirement coverage
2.4%
1.9%
2.1% 2.1%
1.0%
0.7% 0.7% 0.7%
2014 2015 2016 1H17
30+ days DQ ratio New car 30+ days DQ ratio
②
4
Delinquency Reserves
Asset Quality
① Assets written off at 7th time overdue → 8th time overdue
② (Allowance + Reserves) / FSS requirement
Asset quality management
• Reinforced U/W led to asset quality improvement
Reserve policy
• Max of expected loss, incurred loss or FSS requirement
• [1H17] Slight decease of FSS requirement coverage
- Reinforced FSS required allowance amount
①
(unit: bn KRW)

6. 5
2014 2015 2016 1H17 YTD
Total Asset 22,508 24,219 25,049 25,912 3.4%
Total Capital
(previous Q)
3,395 3,671 3,725 3,759 0.9%
6.6X 6.6X 6.7X 6.9X
2014 2015 2016 1H17
15.4% 14.9% 15.3% 15.2%
2014 2015 2016 1H17
Capital Structure
Leverage Capital Adequacy Ratio
Source: separate financial statement, according to FSS guidelines
(unit: bn KRW)
Capital adequacy management
• Manage under FSS regulations
: Leverage under 10X
: CAR over 7%
*Regular dividend paid out in April ‘17 : 82.9bn (Dividend payout ratio : 27.6%)

7. 53.5%
22.1%
9.6%
6.0%
6.6%
2.2%
Domestic Bond Overseas Bond Domestic ABS
Overseas ABS Bank Loan CP & ST debt
1.9yr 2.0yr 2.0yr
2.1yr
132.2% 129.8%
134.9%
145.2%
2014 2015 2016 1H17
Debt maturity ALM ratio
21.0tn
KRW
6
Funding Position Maturity
Funding
Source: Internal sources
Portfolio diversification
• Stable portfolio through product, maturity, currency
diversification
• [1H17]Overseas Bond: USD 600mn, AUD 400mn, EUR 400mn
Funding guidelines
• By product: ABS <20%, Short-term funding <10%
• ALM ratio: 100% or higher

8. 1,375 1,551 1,339
1,990
2,524
2,712 3,204
3,025
3,899
4,263
4,543
5,015
2014 2015 2016 1H17
Cash Credit line
5,790 5,772
6,534 6,862
67.3% 73.9% 69.5% 73.1%
2014 2015 2016 1H17
Short-term debt Short-term debt coverage
7
Liquidity Position Short-term debt Coverage
Liquidity
(unit: bn KRW)
Source: Internal sources
(unit: bn KRW)
Liquidity management
• Satisfies Basel III liquidity coverage ratio
• Diversified credit lines by lender and tenor
Contingency framework
• Early warning and response system in place
• Daily monitoring of key market indicators

9. USA
(HCA)
UK
(HCUK)
China
(BHAF)
Canada
(HCCA)
Germany
(HCBE)
Founded 1989.9 2012.2 2012.6 2014.4 2015.7
Shareholding
structure
HMA 80%
KMA 20%
HCS 30%
HMUK 10%
KMUK 10%
SCUK 50%
HCS 46%
HMC 7%
BHMC 14%
BAI 33%
HCS 20%
HMC 50%
KMC 30%
HCS 65%
HMC 20%
KMC 15%
-3.9
(36.2 tn KRW)
322.8
742.6
(43.9 bn KRW)
(24.0 bn KRW)
(103.6 bn KRW)
(-3.3 bn KRW)
(2.6 tn KRW)
(3.9 tn KRW)
(1.2 tn KRW)
8
295.4
102.0
-20.6 -15.0
Strategy
※ Brazil, Russia, India, Australia:
HCS advisories provide affiliate financing through domestic financiers
 Overseas Entities
Overseas Performance
US
HCA
(USD)
UK
HCUK
(GBP)
China
BHAF
(RMB)
Canada
HCCA
(CAD)
Receivables (bn) IBT (mn)
Support HMC/KMC sales by providing captive financing
• 5 overseas financiers(US, UK, China, Canada, Europe)
• Target mutual growth of auto sales & financing
Global coverage expansion
• ‘17.01 Hyundai Capital Bank Europe (HCBE, Germany)
started full operation
• ‘17.05 Participation in 20% of HCCA ‘s shares
• Preparing additional financiers (India, Brazil)
Started Operation
(’14.12)
Overseas Business
Source: Internal sources
* FX rate : Period-end rate for Receivables, Period-average rate for IBT applied
1.4 1.6 1.8 23.1
30.8
16.7
0.5
1.2 1.4
18.6
25.4 23.4
27.9
31.3 31.7
'15 '16 '1H17
38.4
'15 '16 '1H17
622.7

10. Item 2013 2014 2015 2016 1H17
Asset
Total 20.4tn 20.3tn 21.8tn 22.6tn 23.1tn
% of Auto asset 78.3% 77.5% 77.7% 75.1% 73.7%
Asset Quality
30+ days DQ ratio 2.7% 2.4% 1.9% 2.1% 2.1%
FSS requirement Coverage 94.4% 108.9% 133.9% 120.1% 120.8%
Capital
Structure
CAR①
15.1% 15.4% 14.9% 15.3% 15.2%
Leverage②
6.6X 6.6X 6.6X 6.7X 6.9X
Funding
Total 17.8tn 17.8tn 19.4tn 19.9tn 21.0tn
Bond 76.1% 78.2% 73.8% 72.7% 75.6%
Bank loan 8.5% 7.8% 6.4% 7.1% 6.6%
CP, Short-term debt 1.8% 1.1% 3.5% 1.5% 2.2%
ABS 13.6% 12.9% 16.3% 18.7% 15.6%
ALM
ALM ratio 142.0% 132.2% 129.8% 134.9% 145.2%
Asset maturity 1.4yr 1.5yr 1.5yr 1.5yr 1.4yr
Debt maturity 2.0yr 1.9yr 2.0yr 2.0yr 2.1yr
Appendix
9
① Separate financial statement
② Total asset(current period) / Total capital(previous period) as of 2013

11. Further Information
IR Homepage: http://about.hyundaicapital.com
IR email address: irhcs@hyundaicapital.com