Hyundai Capital Services released its earnings for the first quarter of 2018. Total assets grew slightly compared to the same period last year, driven by growth in auto and non-auto loan portfolios. Operating revenue increased by 10.9% due to growth across all product lines. However, net income declined by 8.6% as bad debt expenses rose significantly and equity method income from investments decreased. Asset quality remained stable with delinquency rates similar to previous periods.
JM Financial's loan against shares enables you to borrow funds against listed securities such as mutual funds, shares, insurance and bonds to meet your current financial needs. Visit for more info: https://jmfl.com/what-we-do/fund-based-activities
We at JM financial provides m&a advisory on corporate mergers, acquisitions and divestitures as well as debt and equity financing. To explore more about our financial services, click on our website jmfl.com
JMFL is one of the leading asset reconstruction company. Our aim is to manage and to make profit to those assets which have been underperforming or become formally classified as NPA’s. To know how to generate sufficient revenue, do visit our website. Know more - https://www.jmfl.com/what-we-do/fund-based-activities/asset-reconstruction
JM Financial's loan against shares enables you to borrow funds against listed securities such as mutual funds, shares, insurance and bonds to meet your current financial needs. Visit for more info: https://jmfl.com/what-we-do/fund-based-activities
We at JM financial provides m&a advisory on corporate mergers, acquisitions and divestitures as well as debt and equity financing. To explore more about our financial services, click on our website jmfl.com
JMFL is one of the leading asset reconstruction company. Our aim is to manage and to make profit to those assets which have been underperforming or become formally classified as NPA’s. To know how to generate sufficient revenue, do visit our website. Know more - https://www.jmfl.com/what-we-do/fund-based-activities/asset-reconstruction
Symptoms like intermittent starting and key recognition errors signal potential problems with your Mercedes’ EIS. Use diagnostic steps like error code checks and spare key tests. Professional diagnosis and solutions like EIS replacement ensure safe driving. Consult a qualified technician for accurate diagnosis and repair.
What Does the PARKTRONIC Inoperative, See Owner's Manual Message Mean for You...Autohaus Service and Sales
Learn what "PARKTRONIC Inoperative, See Owner's Manual" means for your Mercedes-Benz. This message indicates a malfunction in the parking assistance system, potentially due to sensor issues or electrical faults. Prompt attention is crucial to ensure safety and functionality. Follow steps outlined for diagnosis and repair in the owner's manual.
What Exactly Is The Common Rail Direct Injection System & How Does It WorkMotor Cars International
Learn about Common Rail Direct Injection (CRDi) - the revolutionary technology that has made diesel engines more efficient. Explore its workings, advantages like enhanced fuel efficiency and increased power output, along with drawbacks such as complexity and higher initial cost. Compare CRDi with traditional diesel engines and discover why it's the preferred choice for modern engines.
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.
5 Warning Signs Your BMW's Intelligent Battery Sensor Needs AttentionBertini's German Motors
IBS monitors and manages your BMW’s battery performance. If it malfunctions, you will have to deal with an array of electrical issues in your vehicle. Recognize warning signs like dimming headlights, frequent battery replacements, and electrical malfunctions to address potential IBS issues promptly.
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.
Core technology of Hyundai Motor Group's EV platform 'E-GMP'Hyundai Motor Group
What’s the force behind Hyundai Motor Group's EV performance and quality?
Maximized driving performance and quick charging time through high-density battery pack and fast charging technology and applicable to various vehicle types!
Discover more about Hyundai Motor Group’s EV platform ‘E-GMP’!
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!
"Trans Failsafe Prog" on your BMW X5 indicates potential transmission issues requiring immediate action. This safety feature activates in response to abnormalities like low fluid levels, leaks, faulty sensors, electrical or mechanical failures, and overheating.
Why Is Your BMW X3 Hood Not Responding To Release CommandsDart Auto
Experiencing difficulty opening your BMW X3's hood? This guide explores potential issues like mechanical obstruction, hood release mechanism failure, electrical problems, and emergency release malfunctions. Troubleshooting tips include basic checks, clearing obstructions, applying pressure, and using the emergency release.
In this presentation, we have discussed a very important feature of BMW X5 cars… the Comfort Access. Things that can significantly limit its functionality. And things that you can try to restore the functionality of such a convenient feature of your vehicle.
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. HCS : Asset
2
Auto growth from H/KMC new model
releases and co-marketing w/OEM
Non-Auto growth from more mid-tier
APR programs for prime and risk mgt
11,552 11,564 12,039 12,159
3,997 4,042 4,230 4,322
1,396 1,343 1,406 1,489
16,945 16,949 17,675 17,970
2015 2016 2017 1Q18
• Non-Auto asset portfolio• Auto asset portfolio (unit: BN KRW)
New car
Lease/rent
Used car (＋1.7%)
HMG
sales
(unit: BN KRW)
① Mix of prime credit customers in P-loan volume (excluding Mortgage and Vehicle-secured loan)
Source: Product asset basis
1,836 2,457 3,046 3,230
2,061
2,095
2,407 2,542971
1,068
1,362
1,421
4,868
5,620
6,815
7,193
2015 2016 2017 1Q18
Mortgage
P-loan
Corporate, etc.
(＋5.6%)
2015 2016 2017 1Q18 YoY
Prime
mix
46.4% 45.5% 51.6% 53.5% 1.9%p
Average
APR
24.7% 22.3% 17.2% 16.4% -0.8%p
• H/KMC new releases • Index
①
1.24 MM 1.19 MM 1.21 MM 0.29 MM
[ HMC Santa Fe ] [ KMC K3 ]
4. HCS : Profitability
3
2016 2017 1Q17 1Q18 YoY
Operating revenue①
2,586.0 2,634.1 619.3 686.8 10.9%
Product revenue 2,305.1 2,352.8 567.5 620.6 9.3%
Operating expense②
2,243.5 2,306.2 523.2 598.0 14.3%
Interest expense 585.8 539.5 133.0 135.6 2.0%
SG&A 726.5 752.2 179.5 180.6 0.6%
Bad debt expense 295.4 324.7 59.6 104.5 75.4%
Operating income 343.3 323.6 93.2 88.6 -4.9%
Non-operating
income
60.2 77.3 23.8 20.4 -14.3%
Equity method
income
55.8 68.9 22.1 18.5 -16.3%
IBT 403.5 400.9 116.9 109.0 -6.8%
Net income 300.7 299.9 89.2 81.5 -8.6%
ROA 1.4% 1.3% 1.6% 1.3% -0.3%p
• Summary of Income Statement
• Operating revenue
: Increase from growth in all Auto/Non-Auto products
① ② Excluding FX and derivatives effect
(unit: BN KRW)
Year 2015 2016 2017 1Q17 1Q18
SG&A/volume 4.8% 4.9% 4.8% 5.2% 4.3%
Operating expense
: Increase in line with volume/asset growth
- SG&A : Ratio improved thru higher promotion efficiency
- Bad debt expense
: Increase from volume growth and weakened quality
• Equity method income
: Decline due to reduced revenue in BHAF
(BHAF 15.2BN, HCUK 3.0BN)
5. ①
HCS : Asset Quality / Capital
4① (Allowance+reserve)/FSS requirement
2015 2016 2017 1Q18 YoY
Total provision 719 737 780 799 2.4%
Allowance 465 529 571 662 15.8%
Reserve 254 208 209 137 -34.4%
FSS
Coverage
124.0% 124.0% 127.4% 119.3% -0.8%p
• Leverage• 30+ delinquency rate
0.53% 0.52% 0.52% 0.54%
1.92%
2.06% 2.02% 2.10%
2015 2016 2017 1Q18
New car
DQ%
Total
DQ%
(unit: BN KRW)• Provision • Total asset and capital
6.6X 6.7X
7.0X
6.8X
2015 2016 2017 1Q18
2015 2016 2017 1Q18 YoY
Total asset 24,219 25,049 27,137 27,243 0.4%
Total capital
(previous quarter)
3,671 3,724 3,890 3,985 2.4%
(unit: BN KRW)
Stable quality from conservative U/W
policies and reserving at highest level
FSS-compliant capital management
: Leverage 10X or below
