hyundai capital services earning release

hyundai capital services earning release

1. EARNINGS RELEASE
2Q25

2. 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.
Disclaimer

3. Business Portfolio Credit Ratings
Hyundai Capital Services (HCS)
Market leader in auto financing
1
Hyundai Motor Group (HMG)
99.9% ownership
Moody’s S&P Fitch
A3 (S) A-(S) A-(S)
Auto
Captive
Auto
Maker 82.7%
Auto
￦
17.3%
Non-Auto
Financial Assets
34.9
T KRW
IBT
355.8
BnKRW
59.7%
40.1%
Shareholders Key Figures
①
•Domestic
-The only credit financier with standalone
②
rating of AA+
•Global
-As HMG’S captive financier, HCS rating is equal to HMC/KIA
NICE KIS KoreaRatings
AA+ (S) AA+ (S) AA+ (S)
①As of 1H25 ②Based on NICE, KIS ratings
Hyundai
Motor
KIA

4. 7.8 7.2
④HMC Genesis+SUV, KIA RV
HMG Global Car Sales
①
HMG Sales Mix and Profitability
Hyundai Motor Group (HMG)
•Strong sales performance in key markets, and continued
improvement in sales mix
•Sales mix focused on High Average Sales Price(ASP) models
Despite tariff impacts, maintaining solid fundamentals with high-ASP focused sales mix
•Maintaining strong profitability with increased hybrid mix
Operating
income
Operating
margin
Revenues
(T KRW)
(K units)
Car Sales by Region
Global
HMG Global
Car Sales
①
Others
India
Europe
③
North
Americas
②
Korea
2
Korea North Americas
Europe India
Portion of
High ASP
Models
④
HMC KIA
HMC KIA
①HMC, KIA Biz. Performance Report, Wholesale ②HMC North Americas, KIA US③HMC Europe, KIA Western Europe
1H24 1H25 1H24 1H25
75,809
82,612
84,292
6,845
7,307 7,231
2022 2023 2024
40,338
41,342
3,619 3,655
1H24 1H25
61.7% 62.3%
1H24 1H25
70.5% 70.2%
1H24 1H25
86
93
7.1
5.8
54
57
13.1%
10.0%9.1%
7.8%
23%
12%
16%
32%
17%
1H25
3,655
622 631
1H24 1H25
1,130 1,158
1H24 1H25
616 600
1H24 1H25
437 429
1H24 1H25

5. 1.9
1.0
0.6 0.5
3.4
3.2
3.4 3.5
1.6
1.5
1.4 1.5
0.3
0.5
0.6
0.8
7.2T
6.2T 6.1T
6.3T
2022 2023 2024 1H25
15.4
16.8 16.0 15.7
7.6
7.9
8.3 8.5
3.0
3.6 4.2 4.4
26.1T
28.3T 28.6T 28.6T
2022 2023 2024 1H25
Auto Non-Auto
Asset
•New cars/Lease: Maintaining captive asset volume, with
growth in Green Vehicle Leasing
•Used cars: Offering captive financing for HMG CPO vehicles
•P-Loan: 100% X-Sell to Auto Finance customers
•PF: Focused on senior, metropolitan exposure
Maintaining auto-centric asset portfolio
Portion
3
New Car
Lease
Used car
(T KRW)
P-Loan
Mortgage
Others
PF
Portion
(T KRW)
HMG M/S P-Loan %73.3% 76.8% 76.6% 77.7% 5.6% 2.8% 1.8% 1.5%
78.3%
82.1% 82.5% 82.0%
21.7%
17.9% 17.5% 18.0%

6. Summary of Financial Statement Key Message
P&L
•Revenue growth driven by higher lease income
Safeguarding profitability based on Auto-Centric revenue growth and optimized funding
(BnKRW)
-Increase in Lease income, with asset growth from OEM co-marketing
30+ %
4
Lease income
Operating Revenue
①
Operating Expense
②
Operating Income
Interest expense
Installment income
IBT
Bad debt expense
Non-operating Income
Equity method
income
Net Income
SG&A
-Decrease in interest expense based on robust funding capability and
diversified funding portfolio
-Increased bad debt expense due to higher allowances and
expansion of government relief programs
2023
4,478.7
4,108.1
364.3
1,087.4
432.7
2,185.5
827.7
279.4
68.4
59.7
③
459.9
④
704.2
2024
4,898.1
4,425.2
471.8
1,176.9
548.7
2,467.9
978.8
273.7
76.9
68.5
432.7
746.7
①,②Excl. FX and derivatives impact ③Reflects 40.5Bn KRW equity method losses by impairment assessment of HCBE after Allane acquisition
④Reflecting 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
•Reduced funding costs, increased provisioning for preemptive
risk management
•Delinquency maintained below 1%, based on sound asset
portfolio
0.94%
1.04%
0.92% 0.88% 0.89%
2021 2022 2023 2024 1H25
+3.8%
YoY
+5.1%
-11.1%
-3.1%
+3.3%
-1.8%
+6.1%
+43.6%
+98.4%
+33.9%
-1.6%
+10.8%
1H24
2,419.1
2,126.4
299.3
586.7
344.5
1,200.6
485.6
107.3
45.2
42.3
275.8
353.0
1H25
2,509.9
2,235.0
266.1
568.7
355.8
1,274.5
476.9
154.1
89.7
56.6
271.3
391.0

7. Capital Adequacy Liquidity
Provision Funding
Key Index
•Regulatory reserves managed above government guideline(100%) •Stable funding through portfolio diversification
•Leading the ESG bond market, through issuance of Green Bonds
& SLB (Sustainability-linked Bonds)
Solid financial position with prudent level of buffer for regulatory requirements
Debt
Balance
30.5 T KRW
1H25 Guideline
6M Coverage
①
125% 100%
ALM
②
123% 100%
•Stable liquidity mgmt. based on conservative internal guideline
5
Asset Leverage
(Asset/Equity)
Regulatory
Reserve
Coverage
z
No dividend Payout since ’21
•Leverage managed well below regulatory guideline (~‘24 9x, ‘25 8x)
USD JPY AUD CHF
CNY EUR HKD SGD
①Total liquidity / 6M coverage ②Average maturity of liability / Average maturity of asset
7.4x 7.2x
6.7x
6.4x
2022 2023 2024 1H25
129.4%
131.1%
132.4% 132.4%
2022 2023 2024 1H25
Domestic
Bond…
Overseas
Bond…
ABS
14%
Bank
11%
CP
1%

8. 1. Financial Statements
2. Key Figures
Appendix

9. Consolidated Statement of Financial Position Consolidated Income Statement
1. Financial Statements
(BnKRW) 2022 2023 2024 1H25
Operating Revenue
①
3,787.0 4,478.7 4,898.1 2,509.9
Interest income 1,647.3 1,876.4 2,030.9 1,000.2
Installment income 610.5 827.7 978.8 476.9
Otherinterest income 1,036.8 1,048.7 1,052.2 523.4
Fee income 158.7 161.7 181.2 100.6
Lease income 1,799.8 2,185.5 2,467.9 1,274.5
Gain on sales of loan
receivables
24.3 53.7 42.7 41.8
Others 156.9 201.4 175.4 92.8
Operating Expense
②
3,311.8 4,108.1 4,425.2 2,235.0
Interest expense 711.8 1,087.4 1,176.9 568.7
Feeexpense 169.8 180.7 184.7 81.1
Lease expense 1,500.2 1,776.1 1,952.1 1,010.9
Bad debt expense 198.3 279.4 273.7 154.1
Loss on sales of loan
receivables
2.7 2.0 2.3 1.6
SG&A 676.0 704.2 746.7 391.0
Others 53.0 78.3 88.8 27.6
Operating Income 474.5 364.3 471.8 266.1
Non-operatingIncome 108.8 68.4 76.9 89.7
Equity method income 103.8 59.7 68.5 56.6
IBT 583.3 432.7 548.7 355.8
Net Income 437.1 459.9 432.7 271.3
(BnKRW) 2022 2023 2024 1H25
Asset 38,647.5 39,602.0 40,413.9 39,695.7
Cash and deposit 1,973.3 1,136.4 765.5 592.2
Securities 2,743.0 3,371.4 3,784.7 3,505.9
Loan receivables 9,942.9 9,237.7 9,633.4 10,166.9
Installmentassets 14,720.8 16,411.3 15,824.6 15,630.2
Lease receivables 2,044.9 2,011.3 2,294.0 2,386.4
Lease assets 5,538.1 5,876.9 5,997.5 6,029.8
Tangible assets 209.3 195.3 108.2 104.7
Others 1,475.3 1,361.7 2,006.0 1,279.6
Liabilities 33,017.8 33,565.9 33,865.9 32,858.3
Borrowings 31,399.2 31,828.8 32,199.3 31,051.7
Others 1,618.6 1,737.2 1,666.6 1,806.6
Equity 5,629.7 6,036.1 6,548.1 6,837.4
Capital 496.5 496.5 496.5 496.5
Capital surplus 388.6 388.6 388.6 388.6
Retained earnings 4,665.9 5,122.1 5,555.1 5,704.7
Others 78.7 28.8 107.9 125.4
①,②Excluding FX and derivatives effect

10. Business Portfolio Key Index
2. Key Figures
(BnKRW) 2022 2023 2024 1H25
FinancialAssets 33,271.6 34,526.7 34,666.7 34,892.0
Auto 26,061.3 28,341.9 28,605.5 28,610.8
New car 15,449.9 16,834.3 16,044.0 15,731.6
Lease/rent 7,641.4 7,933.1 8,334.0 8,480.3
Used car 2,970.0 3,574.4 4,228.5 4,399.0
Non-Auto 7,210.4 6,184.9 6,060.3 6,281.2
P-Loan 1,874.9 978.2 619.6 518.1
Mortgage 3,415.9 3,156.7 3,378.0 3,540.8
PF 1,571.3 1,528.2 1,419.9 1,455.0
Others 348.3 521.8 642.8 767.2
(BnKRW) 2022 2023 2024 1H25
Asset
Quality
①30+ Delinquency 1.04% 0.92% 0.88% 0.89%
Substandard and
below asset ratio
2.17% 2.12% 2.15% 2.10%
Total provision
/30+receivables
250.2% 278.1% 284.6% 277.8%
Leverage
②
7.4x 7.2x 6.7x 6.4x
Total assets 37,977.3 39,009.039,505.738,653.3
Total capital
(previous quarter)
5,149.0 5,450.65,906.36,042.7
Debt Balance
③
30,818.0 31,360.530,963.330,463.2
Liquidity
④
6,958.1 7,005.86,219.05,173.8
Cash 2,925.5 2,514.61,771.31,129.1
Credit Line 4,032.6 4,491.24,447.74,044.6
①,②Based on separate financial statements ③,④Based on managerial accounting