The document provides an investor presentation for Hyundai Commercial Inc. for the first quarter of 2015, highlighting increases in operation revenues, income, and market share compared to the same period last year, as well as strategies to further diversify revenue streams and pursue operational efficiencies. Key financial metrics including asset quality, profitability, capital adequacy, and liquidity are presented along with comparisons to prior periods. An appendix includes a fact sheet with historical performance data.

1. 1Q15 Investor Presentation
Hyundai Commercial Inc.

2. Disclaimer
These presentation materials have been prepared by Hyundai Commercial Inc. (“HCI”), 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
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The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person
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3. 2013 2014 1Q14 1Q15 YoY
Op. Revenue 346.2 350.8 84.4 90.3 6.9%
Op. Expenses 270.4 286.3 69.0 74.7 8.3%
Bad debt expense 28.6 33.9 7.9 11.8 49.4%
Op. Income 75.9 64.5 15.4 15.6 1.3%
Net Income 36.6 24.7 7.7 9.4 22.1%
3.0%
2.7%
2.5% 2.5%
2012 2013 2014 1Q15
* New handling ROA
Profitability
Income Statement
(KRW Bn)
Key Highlights
• Increase in operation revenues and Income
- Maintained growth of fundamental by increasing sales volume
- Profit margin of high-yield lease product increased
• Increase in net income
- Loss on equity method valuation of HLI decreased
Outlook & Strategy
• Increase sales volume by diversified revenue stream
• Pursue efficiency by keeping a good balance in expenses
ROA

4. New Auto
47.7%
Used Auto
29.9%
Machine
Tool 4.9%
Corporate
Finance
12.9%
PF 4.5%
Market Share
• Total Balance : 4.3 Tn KRW
• Auto portion : 77.6%
86.0% 81.6%
88.1% 84.1%
53.0% 48.9% 51.7% 51.4%
2012 2013 2014 1Q15
* RV : Residual Value
Asset Portfolio and Market Share
Asset Portfolio Key Highlights
Outlook & Strategy
• Maintained dominant market position
- Beyond B2C and focused on B2B financing
- Enlarged line-up of commodity based on service (lease, RV* etc.)
• Diversified asset portfolio
- Corporate finance, Machine tool increased
- Stable growth on Corporate Finance focusing captive loans for HMG
group
• Continue to develop high-yield products
- Operating lease, Rental, NPL, Structured Finance
Used AutoNew Auto Captive

5. • Superb asset quality
- Delinquency rate decreased despite the recession
- Maintained no-loss in real-estate PF
• Conservative reserve policy
- Total reserve well exceeded regulatory requirement
1.1%
0.7% 0.7% 0.7%
2012 2013 2014 1Q15
Asset Quality and Reserve
30+ day delinquency Rate Key Highlights
Total Reserve Outlook & Strategy
(KRW Bn)
2012 2013 2014 1Q15
Total reserve 38.1 41.3 46.7 47.0
Total reserve
/Regulatory Requirement
142% 137% 145% 144%
• Maintain reinforced risk management
• Maintain current customer portfolio proportion

6. 11.3% 11.0% 11.6%
10.6%
2012 2013 2014 1Q15
16.0X 11.6X
9.5X 9.8X
2012 2013 2014 1Q15
Capital Structure
Leverage Key Highlights
Capital Adequacy Ratio Outlook & Strategy
Total Asset / Total Equity • Comply with FSS regulation
- Increased capital from issue of hybrid-bond in ‘14.1H
(120 Bn KRW)
• Manage leverage and capital adequacy ratio within FSS regulation

7. Bonds
89.9%
ABS 1.2%
Loans
5.5%
CP 3.8%
* KOFC excluded
*
• Total Balance : 4.3 Tn KRW
• Long-term Borrowings : 61.4%
• ALM : 134.1%
Funding
Funding Portfolio by Product Key Highlights
Outlook & Strategy
• Flexibly reflect financial market monitoring results on funding strategy
- Gradually Increased portion of Bonds by using low-interest
situations
- Long-term Funding due to short-term and long-term interest rate
reduction
• Pursue stability and efficiency
(Increase long-term Bonds, low interest CP)
• Long-term borrowings target > 60%, ALM > 120%

8. 46.2% 48.6% 44.5% 38.9%
① Short-term Debt Coverage Ratio
= (cash + Trading securities + Unused committed credit line)/
short-term debt balance
Credit LineCash Short-term Debt Coverage Ratio ①
1,269.9
1,059.0
824.4
1,193.0
29.2%
24.4%
19.0%
27.4%
2015 2016 2017 2018~
282.8 280.5 261.9 268.0
325.0 405.0 405.0 385.0
607.8
685.5 666.9 653.0
2012 2013 2014 1Q15
Liquidity Position
Liquidity Profile Key Highlights
Debt Maturity Outlook & Strategy
(KRW Bn)
(KRW Bn)
• Solid liquidity position
- Debt maturity has been extended to cover 2-year cash flows
• Liquidity coverage target > 3M
• Manage stable liquidity through contingency Plan

9. (Unit : KRW Bn, %) 2009 2010 2011 2012 2013 2014 1Q14 1Q15
Domestic Sales of
Commercial Vehicles
Total (unit) 19,795 21,479 18,842 15,620 14,851 14,757 3,623 4,017
HMG M/S 60.1% 64.2% 65.8% 62.3% 70.2% 77.7% 74.3% 79.0%
Asset
Portfolio
Total 1,439 2,333 2,882 3,254 3,503 4,109 3,669 4,321
Auto Sector 86.4% 85.4% 82.1% 80.7% 77.5% 79.0% 79.0% 77.6%
Others 13.6% 14.6% 17.9% 19.3% 22.5% 21.0% 21.0% 22.4%
Asset
Quality
Substandard & Below 0.7% 0.9% 1.2% 1.5% 1.1% 2.4% 3.1% 1.0%
NPL 0.6% 0.6% 1.0% 1.0% 1.0% 0.6% 0.8% 0.4%
30+ Delinquency 0.9% 1.0% 0.8% 1.1% 0.7% 0.7% 0.7% 0.7%
NPL Coverage Ratio 224.7% 172.5% 84.1% 114.8% 126.4% 215.0% 141.7% 308.7%
Profitability Operating Income 27.6 58.3 87.7 82.8 75.9 64.5 15.4 15.6
Asset & Capital Adequacy Ratio 9.3% 10.1% 14.0% 11.3% 11.0% 11.6% 10.1% 10.6%
Leverage Borrowing Leverage 16.1X 17.2X 16.0X 12.5X 11.6X 9.5X 10.4X 9.8X
Funding
Portfolio
Total 1,481 2,477 3,026 3,464 3,663 4,118 3,813 4,346
Bond / Loan 80.9% 78.9% 83.5% 85.0% 90.2% 93.8% 87.8% 95.1%
CP/Asset backed
short-term bond
19.1% 13.0% 4.6% 6.1% 2.5% 4.0% 5.8% 3.8%
ABS - 8.1% 11.9% 8.9% 7.3% 2.2% 6.4% 1.2%
Short-term debt coverage 13.8% 26.4% 41.0% 46.2% 48.6% 43.5% 48.0% 38.9%
ALM
ALM ratio 105.5% 132.3% 143.0% 129.5% 132.4% 138.0% 130.9% 134.1%
Asset maturity (Y) 1.30 1.28 1.27 1.28 1.27 1.39 1.31 1.42
Debt maturity (Y) 1.37 1.69 1.79 1.66 1.69 1.92 1.72 1.93
[Appendix] Fact Sheet - HCI

10. Further InformationFurther InformationFurther InformationFurther Information
IR Homepage: http://ir.hyundaicommercial.com
IR email address: irHCI@hyundaicommercial.com