2023_EN. HYUNDAI CAPITAL SERVICES 2023 PERFORMANCEirhcs
- HCS reported strong financial results for 4Q 2023, with record high operating income driven by robust car sales and an improved sales mix at HMG.
- HCS maintained an auto-centric asset portfolio, with new car and lease assets growing due to stable production and sales.
- While expenses increased due to higher interest rates, HCS mitigated profit impacts through competitive auto financing and pre-emptive risk management.
- HMG achieved record quarterly performance from global sales growth and higher ASP model mix, with global car sales up 0.2% YoY to 18.5 million units.
- HMG maintained prime auto finance asset portfolio based on strong cooperation, with financial assets growing 4.5% YoY to KRW 33 trillion.
- Profitability was defended with captive lease-led revenue growth and pre-emptive risk management, though equity method income decreased due to one-off HCBE impairment cost.
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management practices.
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management.
- Sales and profits were impacted by external factors such as chip shortages and the Ukraine war, however margin increased due to an improved product mix.
- Assets and income grew due to increased lease volume and a focus on high-value models, despite a decline in overall vehicle sales.
- Solid financial performance was maintained through efficient operations and strong asset quality, while further diversifying funding sources.
- Sales and profits recovered in 2022 despite external uncertainties such as chip shortages and the Ukraine war. Asset growth was driven by increased car sales, particularly of high-ASP models.
- Profitability increased sharply due to sales growth of more profitable vehicles and a stable domestic car market. The operating margin rose to 7.5% from 5.9% the previous year.
- The lease business continued expanding, contributing to revenue and profit growth. Non-auto assets also increased through partnerships with Hyundai Motor. Financial stability was maintained within regulatory guidelines.
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion KRW in 9M2023 due to an expanded prime portfolio from auto finance.
- Operating profit declined 8.3% year-over-year to 354.8 billion KRW in 9M2023 as lease revenues increased but non-operating income fell.
2023_EN. HYUNDAI CAPITAL SERVICES 2023 PERFORMANCEirhcs
- HCS reported strong financial results for 4Q 2023, with record high operating income driven by robust car sales and an improved sales mix at HMG.
- HCS maintained an auto-centric asset portfolio, with new car and lease assets growing due to stable production and sales.
- While expenses increased due to higher interest rates, HCS mitigated profit impacts through competitive auto financing and pre-emptive risk management.
- HMG achieved record quarterly performance from global sales growth and higher ASP model mix, with global car sales up 0.2% YoY to 18.5 million units.
- HMG maintained prime auto finance asset portfolio based on strong cooperation, with financial assets growing 4.5% YoY to KRW 33 trillion.
- Profitability was defended with captive lease-led revenue growth and pre-emptive risk management, though equity method income decreased due to one-off HCBE impairment cost.
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management practices.
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management.
- Sales and profits were impacted by external factors such as chip shortages and the Ukraine war, however margin increased due to an improved product mix.
- Assets and income grew due to increased lease volume and a focus on high-value models, despite a decline in overall vehicle sales.
- Solid financial performance was maintained through efficient operations and strong asset quality, while further diversifying funding sources.
- Sales and profits recovered in 2022 despite external uncertainties such as chip shortages and the Ukraine war. Asset growth was driven by increased car sales, particularly of high-ASP models.
- Profitability increased sharply due to sales growth of more profitable vehicles and a stable domestic car market. The operating margin rose to 7.5% from 5.9% the previous year.
- The lease business continued expanding, contributing to revenue and profit growth. Non-auto assets also increased through partnerships with Hyundai Motor. Financial stability was maintained within regulatory guidelines.
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion KRW in 9M2023 due to an expanded prime portfolio from auto finance.
- Operating profit declined 8.3% year-over-year to 354.8 billion KRW in 9M2023 as lease revenues increased but non-operating income fell.
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion won in 9M2023. Operating revenues increased 34.5% due to growth in the prime auto finance portfolio.
- Net income declined 11.4% year-over-year to 315.7 billion won in 9M2023 as non-operating income fell and equity method losses increased, though asset quality was maintained with a record-low delinquency rate.
- Global sales and earnings declined in Q1 2022 due to external factors like prolonged COVID-19 pandemic and Russian invasion of Ukraine. However, earnings increased due to higher sales of larger and more profitable models.
- Asset quality was stable with delinquency staying below 1% despite slowing global car sales, supported by diversified funding portfolio and strong partnerships with Hyundai Motor Group.
- While revenue grew with expanding auto loan assets, earnings increased modestly as stable bad debt expenses and improved efficiency offset slowing sales. Financial structure was soundly maintained within regulatory guidelines.
- HCS reported solid growth in auto assets from new models, while maintaining stable financial quality through conservative risk management.
- Net income increased 21.7% YoY for 1Q19 due to growth and cost reductions, despite rising bad debt expenses.
- HCS aims to continue stable growth globally while diversifying products and funding structures in strategic markets like the US, China, and Germany.
- HCS reported solid growth in auto assets from new models, while maintaining stable financial quality through conservative risk management.
- Net income increased 21.7% YoY for 1Q19 due to growth and cost reductions, despite rising bad debt expenses.
- HCS aims to continue stable growth globally while diversifying products and funding structures internationally.
This document provides a summary of Hyundai Capital Services' financial results for the first quarter of 2019. Key highlights include:
- Auto portfolio assets grew 9.5% year-over-year to 27.5 trillion won, driven by new car installment and lease/rent volumes.
- Bad debt expenses rose 11.5% due to overall weakening of industry quality. SG&A expenses declined 3.6% through cost efficiency efforts.
- Net income increased 21.7% to 99.2 billion won compared to the same period last year. Return on assets was 1.5%.
- Capital adequacy remained strong at 128.7% and liquidity was maintained with over 5.3
2018 Hyundai Card Summary
- Grew membership to 7.4 million through diversifying acquisition channels such as online and partner channels.
- Expanded credit purchase volume to 85.5 trillion KRW based on member growth while preemptively managing risk.
- Improved cost structure by reducing acquisition costs and streamlining operations.
- 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.
Hyundai Card Corporation reported an increase in financial receivables and acquisition expenses leading to a 5.7% rise in operating revenue for 1Q16, however net income decreased by 13.8% from higher bad debt expenses and promotion costs; the company maintained its asset quality with a 30+ day delinquency ratio of 0.6% and focused on diversifying its funding portfolio through new long-term commercial paper issuance.
Hyundai Card Corporation reported an increase in financial receivables and acquisition expenses leading to a 5.7% rise in operating revenue for 1Q16, however net income decreased by 13.8% from higher bad debt expenses and promotion costs; the company aims to improve profitability through efficiency gains and exploring new business areas while maintaining sound asset quality and adequate liquidity and capital positions.
- Car sales company reported higher annual sales and profits in 2021 compared to 2020, driven by strong SUV and luxury model sales. However, overall car sales slightly declined due to global chip shortage.
- The company maintained a sales mix focused on higher-priced models which led to expanded profit margins despite the sales decline.
- Financial assets and profits grew in 2021 compared to 2020 due to increased sales of higher-priced vehicles and a recovery in global auto sales, while bad debt expenses remained stable.
The document provides an earnings release and financial summary for Hyundai Capital Services for 3Q15, highlighting asset growth despite market challenges, improved asset quality decreasing bad debt expenses, and expanded overseas operations. Key issues included stagnant auto sales, economic uncertainty, and low interest rates restricting profitability. Financial results showed increased equity method income and a higher capital adequacy ratio, while expenses decreased and asset quality was maintained.
The document provides an earnings release and financial summary for Hyundai Capital Services for 3Q15, noting asset growth despite market challenges, improved asset quality decreasing bad debt expenses, and expanded overseas operations. Key issues included stagnant auto sales, economic uncertainty, and low interest rates restricting profitability. The summary highlights improved profitability through risk management and global business expansion.
The document provides Hyundai Capital Services' 3Q15 earnings release, summarizing that while auto sales were stagnant, the company improved asset quality and profitability through risk management. It also expanded overseas through strengthened global capabilities. However, macroeconomic uncertainty and low interest rates continued to pose challenges for profitability.
Hyundai Capital Services reported strong financial results for 2018. Key highlights included:
- Enhanced market position in auto finance with higher new car and lease penetration rates and improved non-auto asset quality through tighter risk management.
- Improved performance of overseas subsidiaries such as the turnaround of HCA and continued stable growth in other global entities.
- Maintained sound financial status with leverage and liquidity ratios remaining compliant with internal policies despite challenges in the operating environment.
- Strategic focus for 2019 will be on improving business efficiency while maintaining a conservative risk stance, expanding the global presence, and tightening capital management of financial affiliates.
The document provides a summary of Hyundai Capital Services' 2018 earnings and business strategy for 2019. Some key points:
- In 2018, Hyundai Capital enhanced its position in the auto finance market and improved non-auto asset quality through tighter risk management. It also achieved a turnaround at HCA and growth in new global entities.
- For 2019, the strategy is to focus on profitability over expansion, maintain a conservative risk stance, expand the global presence, and tighten capital management of financial affiliates. This is in response to an unfavorable regulatory environment, potential car sales slowdown, and increased credit risk.
- Financial highlights show increased assets and income, with non-auto portfolio
Hyundai Card Corporation reported its 1H16 earnings. During this period, the company saw its total assets grow 2.5% to KRW 13.6 trillion driven by an 11% increase in installment loans. Operating revenue increased 5.1% despite interest rate cuts, while operating expenses rose 7.6% mainly due to higher acquisition costs. Net income declined 14.4% annually to KRW 94.9 billion as profitability was impacted by rising delinquencies and provisions. The company maintained sound capital and liquidity positions with a capital adequacy ratio of 17.5% and short-term debt coverage of 54.9%.
Hyundai Card Corporation reported its 1H16 earnings. While operating revenue increased 5.1% due to sales volume growth, operating income declined 13.4% as operating expenses rose faster than revenue. Asset quality was maintained with the 30+ day delinquency ratio increasing slightly to 0.7% and the financial supervisory service requirement coverage ratio remaining high at 134.9%. Capital adequacy and leverage were managed conservatively within regulatory limits.
Merger and Acquisition PowerPoint Presentation Slides SlideTeam
Mergers and acquisitions are a very complex process, our Merger And Acquisition PowerPoint Presentation Slides can help you to explain this complex process in a simpler way. The merger is a consolidation of two companies into one, whereas acquisition takes place when one company takes over another company. Business valuation PowerPoint compete deck helps you portray the entire process as it contains a set of slides such as key steps, company overview, business, and financial overview, determining new growth market, types of inorganic opportunities, M&A criteria, identify targets, balance sheet KPIs, cash flow statement, financial projections, key financial ratios, liquidity and profitability ratios, activity and solvency ratios, M&A synergy framework, company valuation methodologies, valuation results, business due diligence process, post-merger integration framework, challenges and performance tracker etc. This strategic alliance Presentation template is useful for business as well as educational purposes. Download M&A valuation PPT slide to give a presentation in top-level organizational meetings. Spray your thoughts with our Merger And Acquisition PowerPoint Presentation Slides. Your audience will swoon with their heady aroma.
Merger And Acquisition Powerpoint Presentation SlidesSlideTeam
Mergers and acquisitions are a very complex process, our Merger And Acquisition PowerPoint Presentation Slides can help you to explain this complex process in a simpler way. The merger is a consolidation of two companies into one, whereas acquisition takes place when one company takes over another company. Business valuation PowerPoint compete deck helps you portray the entire process as it contains a set of slides such as key steps, company overview, business, and financial overview, determining new growth market, types of inorganic opportunities, M&A criteria, identify targets, balance sheet KPIs, cash flow statement, financial projections, key financial ratios, liquidity and profitability ratios, activity and solvency ratios, M&A synergy framework, company valuation methodologies, valuation results, business due diligence process, post-merger integration framework, challenges and performance tracker etc. This strategic alliance Presentation template is useful for business as well as educational purposes. Download M&A valuation PPT slide to give a presentation in top-level organizational meetings. Spray your thoughts with our Merger And Acquisition Powerpoint Presentation Slides. Your audience will swoon with their heady aroma. https://bit.ly/3y8H2MI
ICICI Bank reported its financial results for the third quarter of 2024. Key highlights included profit before tax excluding treasury growing 23.4% year-over-year. Core operating profit grew 10.3% year-over-year. Period-end deposits grew 18.7% year-over-year while loans grew 18.8% year-over-year. Retail loans grew 21.4% year-over-year. The net NPA ratio was 0.44% and the provision coverage ratio was 80.7%.
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion won in 9M2023. Operating revenues increased 34.5% due to growth in the prime auto finance portfolio.
- Net income declined 11.4% year-over-year to 315.7 billion won in 9M2023 as non-operating income fell and equity method losses increased, though asset quality was maintained with a record-low delinquency rate.
- Global sales and earnings declined in Q1 2022 due to external factors like prolonged COVID-19 pandemic and Russian invasion of Ukraine. However, earnings increased due to higher sales of larger and more profitable models.
- Asset quality was stable with delinquency staying below 1% despite slowing global car sales, supported by diversified funding portfolio and strong partnerships with Hyundai Motor Group.
- While revenue grew with expanding auto loan assets, earnings increased modestly as stable bad debt expenses and improved efficiency offset slowing sales. Financial structure was soundly maintained within regulatory guidelines.
- HCS reported solid growth in auto assets from new models, while maintaining stable financial quality through conservative risk management.
- Net income increased 21.7% YoY for 1Q19 due to growth and cost reductions, despite rising bad debt expenses.
- HCS aims to continue stable growth globally while diversifying products and funding structures in strategic markets like the US, China, and Germany.
- HCS reported solid growth in auto assets from new models, while maintaining stable financial quality through conservative risk management.
- Net income increased 21.7% YoY for 1Q19 due to growth and cost reductions, despite rising bad debt expenses.
- HCS aims to continue stable growth globally while diversifying products and funding structures internationally.
This document provides a summary of Hyundai Capital Services' financial results for the first quarter of 2019. Key highlights include:
- Auto portfolio assets grew 9.5% year-over-year to 27.5 trillion won, driven by new car installment and lease/rent volumes.
- Bad debt expenses rose 11.5% due to overall weakening of industry quality. SG&A expenses declined 3.6% through cost efficiency efforts.
- Net income increased 21.7% to 99.2 billion won compared to the same period last year. Return on assets was 1.5%.
- Capital adequacy remained strong at 128.7% and liquidity was maintained with over 5.3
2018 Hyundai Card Summary
- Grew membership to 7.4 million through diversifying acquisition channels such as online and partner channels.
- Expanded credit purchase volume to 85.5 trillion KRW based on member growth while preemptively managing risk.
- Improved cost structure by reducing acquisition costs and streamlining operations.
- 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.
Hyundai Card Corporation reported an increase in financial receivables and acquisition expenses leading to a 5.7% rise in operating revenue for 1Q16, however net income decreased by 13.8% from higher bad debt expenses and promotion costs; the company maintained its asset quality with a 30+ day delinquency ratio of 0.6% and focused on diversifying its funding portfolio through new long-term commercial paper issuance.
Hyundai Card Corporation reported an increase in financial receivables and acquisition expenses leading to a 5.7% rise in operating revenue for 1Q16, however net income decreased by 13.8% from higher bad debt expenses and promotion costs; the company aims to improve profitability through efficiency gains and exploring new business areas while maintaining sound asset quality and adequate liquidity and capital positions.
- Car sales company reported higher annual sales and profits in 2021 compared to 2020, driven by strong SUV and luxury model sales. However, overall car sales slightly declined due to global chip shortage.
- The company maintained a sales mix focused on higher-priced models which led to expanded profit margins despite the sales decline.
- Financial assets and profits grew in 2021 compared to 2020 due to increased sales of higher-priced vehicles and a recovery in global auto sales, while bad debt expenses remained stable.
The document provides an earnings release and financial summary for Hyundai Capital Services for 3Q15, highlighting asset growth despite market challenges, improved asset quality decreasing bad debt expenses, and expanded overseas operations. Key issues included stagnant auto sales, economic uncertainty, and low interest rates restricting profitability. Financial results showed increased equity method income and a higher capital adequacy ratio, while expenses decreased and asset quality was maintained.
The document provides an earnings release and financial summary for Hyundai Capital Services for 3Q15, noting asset growth despite market challenges, improved asset quality decreasing bad debt expenses, and expanded overseas operations. Key issues included stagnant auto sales, economic uncertainty, and low interest rates restricting profitability. The summary highlights improved profitability through risk management and global business expansion.
The document provides Hyundai Capital Services' 3Q15 earnings release, summarizing that while auto sales were stagnant, the company improved asset quality and profitability through risk management. It also expanded overseas through strengthened global capabilities. However, macroeconomic uncertainty and low interest rates continued to pose challenges for profitability.
Hyundai Capital Services reported strong financial results for 2018. Key highlights included:
- Enhanced market position in auto finance with higher new car and lease penetration rates and improved non-auto asset quality through tighter risk management.
- Improved performance of overseas subsidiaries such as the turnaround of HCA and continued stable growth in other global entities.
- Maintained sound financial status with leverage and liquidity ratios remaining compliant with internal policies despite challenges in the operating environment.
- Strategic focus for 2019 will be on improving business efficiency while maintaining a conservative risk stance, expanding the global presence, and tightening capital management of financial affiliates.
The document provides a summary of Hyundai Capital Services' 2018 earnings and business strategy for 2019. Some key points:
- In 2018, Hyundai Capital enhanced its position in the auto finance market and improved non-auto asset quality through tighter risk management. It also achieved a turnaround at HCA and growth in new global entities.
- For 2019, the strategy is to focus on profitability over expansion, maintain a conservative risk stance, expand the global presence, and tighten capital management of financial affiliates. This is in response to an unfavorable regulatory environment, potential car sales slowdown, and increased credit risk.
- Financial highlights show increased assets and income, with non-auto portfolio
Hyundai Card Corporation reported its 1H16 earnings. During this period, the company saw its total assets grow 2.5% to KRW 13.6 trillion driven by an 11% increase in installment loans. Operating revenue increased 5.1% despite interest rate cuts, while operating expenses rose 7.6% mainly due to higher acquisition costs. Net income declined 14.4% annually to KRW 94.9 billion as profitability was impacted by rising delinquencies and provisions. The company maintained sound capital and liquidity positions with a capital adequacy ratio of 17.5% and short-term debt coverage of 54.9%.
Hyundai Card Corporation reported its 1H16 earnings. While operating revenue increased 5.1% due to sales volume growth, operating income declined 13.4% as operating expenses rose faster than revenue. Asset quality was maintained with the 30+ day delinquency ratio increasing slightly to 0.7% and the financial supervisory service requirement coverage ratio remaining high at 134.9%. Capital adequacy and leverage were managed conservatively within regulatory limits.
Merger and Acquisition PowerPoint Presentation Slides SlideTeam
Mergers and acquisitions are a very complex process, our Merger And Acquisition PowerPoint Presentation Slides can help you to explain this complex process in a simpler way. The merger is a consolidation of two companies into one, whereas acquisition takes place when one company takes over another company. Business valuation PowerPoint compete deck helps you portray the entire process as it contains a set of slides such as key steps, company overview, business, and financial overview, determining new growth market, types of inorganic opportunities, M&A criteria, identify targets, balance sheet KPIs, cash flow statement, financial projections, key financial ratios, liquidity and profitability ratios, activity and solvency ratios, M&A synergy framework, company valuation methodologies, valuation results, business due diligence process, post-merger integration framework, challenges and performance tracker etc. This strategic alliance Presentation template is useful for business as well as educational purposes. Download M&A valuation PPT slide to give a presentation in top-level organizational meetings. Spray your thoughts with our Merger And Acquisition PowerPoint Presentation Slides. Your audience will swoon with their heady aroma.
Merger And Acquisition Powerpoint Presentation SlidesSlideTeam
Mergers and acquisitions are a very complex process, our Merger And Acquisition PowerPoint Presentation Slides can help you to explain this complex process in a simpler way. The merger is a consolidation of two companies into one, whereas acquisition takes place when one company takes over another company. Business valuation PowerPoint compete deck helps you portray the entire process as it contains a set of slides such as key steps, company overview, business, and financial overview, determining new growth market, types of inorganic opportunities, M&A criteria, identify targets, balance sheet KPIs, cash flow statement, financial projections, key financial ratios, liquidity and profitability ratios, activity and solvency ratios, M&A synergy framework, company valuation methodologies, valuation results, business due diligence process, post-merger integration framework, challenges and performance tracker etc. This strategic alliance Presentation template is useful for business as well as educational purposes. Download M&A valuation PPT slide to give a presentation in top-level organizational meetings. Spray your thoughts with our Merger And Acquisition Powerpoint Presentation Slides. Your audience will swoon with their heady aroma. https://bit.ly/3y8H2MI
ICICI Bank reported its financial results for the third quarter of 2024. Key highlights included profit before tax excluding treasury growing 23.4% year-over-year. Core operating profit grew 10.3% year-over-year. Period-end deposits grew 18.7% year-over-year while loans grew 18.8% year-over-year. Retail loans grew 21.4% year-over-year. The net NPA ratio was 0.44% and the provision coverage ratio was 80.7%.
Similar to Hyundai capital 2024 1q Earnings release (20)
- Hyundai Capital Services, Inc. and subsidiaries provided condensed consolidated interim financial statements as of September 30, 2023 and December 31, 2022.
- The condensed consolidated interim financial statements include the statements of financial position, comprehensive income, changes in equity, and cash flows for the periods ended September 30, 2023 and 2022.
- As of September 30, 2023, total assets were KRW 39.3 trillion and total liabilities were KRW 33.4 trillion, with total equity of KRW 5.9 trillion.
The document contains condensed consolidated interim financial statements for Hyundai Capital Services, Inc. and subsidiaries as of June 30, 2023. It includes an independent auditor's review report stating that nothing has come to their attention that would cause the financial statements not to be fairly presented. The financial statements present the condensed consolidated statements of financial position as of June 30, 2023 and December 31, 2022, as well as the related condensed consolidated statements of comprehensive income, statements of changes in equity, and statements of cash flows for the six-month periods ended June 30, 2023 and 2022.
This document is an independent auditor's report on the consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the years ending December 31, 2020 and 2019. It includes the auditor's opinion that the financial statements present fairly the financial position, financial performance and cash flows of the company in accordance with Korean International Financial Reporting Standards. It also describes the responsibilities of management and the auditors. The financial statements include the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows, along with accompanying notes.
This document is the condensed consolidated interim financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the period ending March 31, 2021. It includes the condensed consolidated statement of financial position, condensed consolidated statements of comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements. The independent auditors' review report verifies that the financial statements were prepared according to accounting standards and that the review did not find any material misstatements.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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. Hyundai Capital Services (HCS)
Leading Captive Finance Company in the Market
Credit Ratings②
• Domestic
Business Portfolio
Auto
captive
Auto
maker 82.4%
Auto
₩
17.6%
Non-Auto
Key Figures①
Financial Assets
34.4
TKRW
IBT
177.4
Bn KRW
Shareholders
• Global
A3
Baa1
Baa2
2022 2023 2024
1
Hyundai Motor Group (HMG)
99.9% ownership
59.7%
40.1%
Hyundai
Motor
KIA
② Rating agencies: Domestic (NICE), Global (Moody’s)
2022 2023 2024
AA+
AA
AA-
AAA
① As of ‘24.03 End
4. 76,814 75,809
81,760
Hyundai Motor Group (HMG)
Maintaining Focus on Profitability, through Improved Regional Mix and Focus on High Value Vehicles
HMG Sales Mix and Profitability
• Slight decrease in sales from temporary shutdown of production due
to EV transition
• Increased share of high ASP models such as Genesis and SUV
HMG Global Car Sales①
6,666 6,845
7,306
2021 2022 2023
• Maintaining high profitability from improved sales mix focused on
high ASP models and hybrid vehicles
Operating
income
Operating
margin
Revenues
(T KRW)
(K units)
Car Sales by Region
Global
HMG Global
Car Sales
Others
India
Europe③
North
Americas②
Korea
2
Korea North Americas
Europe India
HMC KIA
① HMC, KIA Biz. Performance Report, Wholesale ② HMC North Americas, KIA US ③ HMC Europe, KIA Western Europe ④ HMC Genesis+SUV, KIA RV
1,791 1,767
1Q23 1Q24
18,910
19,436
22%
13%
18%
31%
17%
1,767
1Q24
333 298
1Q23 1Q24
504 542
1Q23 1Q24
307 313
1Q23 1Q24
224 226
1Q23 1Q24
57.8%
62.8%
1Q23 1Q24
Portion of
High ASP
Models④
66.1%
72.6%
1Q23 1Q24
HMC KIA
+5.0%p
+6.5%p
2.9 3.4
24
26
3.6 3.6
38
41
12.6%
13.1%
9.5% 8.7%
5. 2.3 1.9
1.0 0.9
3.6
3.4
3.2 3.2
0.8 1.6
1.5 1.6
0.3 0.3
0.5 0.5
7.0T 7.2T
6.2T 6.1T
2021 2022 2023 1Q24
Asset
Stronger HMG Sales Support Resulted in Highest Auto Portion in 12 Years
Auto Non-Auto
• New cars: Maintained asset volume despite decrease in production
• Lease: Continued growth, with focus on high ASP models
• Used cars: Offering captive financing for HMG’s CPO business
• P-Loan: 100% X-Sell to Auto Finance Customers
• PF: Sound portfolio focused on term loan, senior tranche,
metropolitan exposure (4.6%)
New Car
Lease
Used car
Portion
3
(T KRW)
P-Loan
Mortgage
Others
PF
Portion
(T KRW)
73.5% 73.3% 76.8% 78.7%
HMG M/S
77.6% 78.3%
82.1% 82.4%
P-Loan % 7.2% 5.6% 2.8% 2.5%
22.4% 21.7%
17.9% 17.6%
14.8 15.8 17.5 17.3
6.7
7.6
7.9 8.0
2.8
2.6
2.9 3.0
24.3T
26.1T
28.3T 28.4T
2021 2022 2023 1Q24
6. P&L
Stronger Focus on Profitability Led to Income Growth
Summary of Financial Statement
(Bn KRW)
Key Message
• Revenue increase from auto-centric asset growth (34.4T, YoY +4.4%)
Lease income
Operating Revenue①
Operating Expense②
Operating Income
Interest expense
Installment income
IBT
Bad debt expense
Non-operating Income
Equity Method
income
- Sharp increase in Installment income from enhanced product competitiveness
- Lease income boosted from increased demand for high ASP vehicle leasing
30+ %
• Stable delinquency% from pre-emptive risk management
①, ② Excl. FX and derivatives impact ③ Reflects 40.5Bn KRW equity method losses by impairment assessment of HCBE after Allane acquisition
④ Reflecting reduction in corporate tax expense of 99.3Bn, due to change in the accounting treatment of deferred corporate tax following the dividend payout of HCUK, BHAF
Net Income
4
SG&A
2022
3,787.0
3,311.8
474.5
711.8
583.3
1,799.8
610.5
198.3
108.8
103.8
437.1
676.0
2023
4,478.7
4,108.1
364.3
1,087.4
432.7
2,185.5
827.7
279.4
68.4
59.7③
459.9④
704.2
+13.9%
YoY
+10.4%
+54.8%
+16.3%
+107.3%
+29.4%
+19.0%
-15.2%
+344.1%
+280.9%
+112.2%
+8.3%
1Q23
1,053.2
954.7
96.8
254.9
85.5
488.4
186.4
66.4
-11.3
-13.4③
65.0
164.0
1Q24
1,199.7
1,054.2
149.9
296.4
177.4
581.0
241.2
56.3
27.5
24.2
137.8
177.6
1.48%
0.94% 1.04% 0.92% 0.91%
2020 2021 2022 2023 1Q24
• Stronger focus on profitability, increase in operating income
- Increased operating income from revenue growth & stabilized bad debt expense
- Normalized equity method income resulting in IBT growth
7. Key Index
Solid Financial Position Maintained Within Regulatory Guidelines
Provision Funding
• Regulatory reserves managed above government guideline(100%) • Stable funding through portfolio diversification
Debt
Balance
31.1T KRW
1Q24 Guideline
6M Coverage①
130% 100%
ALM②
126% 100%
Liquidity
• Stable liquidity mgmt. based on conservative internal guideline
Capital Adequacy
• Leverage managed well below regulatory guideline (9x)
5
• Leading the ESG bond market, through issuance of Green Bonds
& SLB (Sustainability-linked Bonds)
Asset Leverage
(Asset/Equity)
Regulatory
Reserve
Coverage
① Total liquidity / 6M coverage ② Average maturity of liability / Average maturity of asset
122.6%
129.4% 131.1% 131.5%
2021 2022 2023 1Q24
Domestic
Bond
53%
Overseas
Bond
20%
ABS
17%
Bank
9%
CP
1%
USD JPY AUD CHF
CNY EUR HKD SGD
7.2x 7.4x 7.2x 7.0x
2021 2022 2023 1Q24
No dividend Payout since ’21