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1、Apr 25,2024Hyundai Motor Company Hyundai Motor Company Q1 2024 Business ResultsQ1 2024 Business Results1Cautionary Statement with Respect to ForwardCautionary Statement with Respect to Forward-Looking StatementsLooking StatementsIn the presentation that follows and in related comments by Hyundai Mot

2、ors management,our use of thewords“expect,”“anticipate,”“project,”“estimate,”“forecast,”“objective,”“plan,”“goal,”“outlook,”“target,”“pursue”and similar expressions is intendedto identify forward looking statements.The financial data discussed herein are presented on a preliminary basis before the a

3、udit from ourIndependent Auditor;final data will be included in HMCs Independent auditors report.While thesestatements represent our current judgment on what the future may hold,and we believe these judgmentsare reasonable,actual results may differ materially due to numerous important factors.Such f

4、actorsinclude,among others,the following:changes in economic conditions,currency exchange rates orpolitical stability;shortages of fuel,labor strikes or work stoppages;market acceptance of thecorporations new products;significant changes in the competitive environment;changes in laws,regulations and

5、 tax rates;and the ability of the corporation to achieve reductions in cost and employmentlevels to realize production efficiencies and implement capital expenditures at levels and times planned bymanagement.We do not intend or assume any obligation to update any forward-looking statement,which spea

6、ks onlyas of the date on which it is made.P.3 5P.6 9AppendixP.10 14 Table of ContentsSales SummaryFinancial SummarySales SummaryGlobal Wholesale/Retail SalesP.4Sales AnalysisP.54Global Wholesale/Retail Sales1 US and Europe are based on retail sales,China ex-Factory,India Wholesale 2 AMEA,Asia-Pacifi

7、c,Other regions,CV(ex.Korea,China CV)3Europe excluding CV4Wholesales including CV155155157157152152153153+1.8%+0.7%606048486161525219.9%14.3%19119116016019119116016016.3%16.3%43137912.0%3,5923,7604.7%3,9564,1905.9%4,5004,6984.4%1,0251,14311.5%18,91019,4362.8%+2.0%+11.1%2582582872872362362412411,022

8、1,022 1,007 1,007 987 987 947 947 4.0%1.5%0.3%3.4%962 959 926 895 1401381321321201201311311231236.6%8.6%65656363636363630.2%3.2%149149161161140140145145+8.1%+3.3%121210101212101017.9%14.1%Wholesale Retail salesWholesale Retail sales(ex.China)ChinaEuropeKoreaN.AmericaIndiaRussiaS.AmericaOthers2KoreaU

9、SChinaIndiaGlobalEurope3Global Demand1(Thousand units)HMC Global Sales4Q1 2023Q1 2024YoY(Thousand units)Q1 2023 WholesaleQ1 2024 WholesaleQ1 2023Retail SalesQ1 2024 Retail Sales34.6%6.2%40.1%6.0%50.6%6.7%54.7%6.3%FCEVPHEVHEVEV34.6%40.1%5.1%6.3%5Sales AnalysisSales of Eco-Friendly VehiclesSales by Se

10、gment(Thousand units)(Thousand units)Based on wholesale Portion compared to total sales Based on wholesale GV60,GV70,GV80 are included in Genesis,when included in SUV,the portion is 60.6%ABCDGenesisSUVOthers5.9%5.9%5.4%5.4%53.2%53.2%57.2%57.2%5.1%5.1%5.6%5.6%6.7%6.7%4.7%4.7%12.3%12.3%11.0%11.0%9.5%9

11、.5%9.3%9.3%7.3%7.3%6.8%6.8%1Q 20231Q 20246.5%6.5%4.5%4.5%8.2%8.2%9.7%9.7%0.9%0.9%0.9%0.9%0.2%0.2%0.1%0.1%1Q 20231Q 2024 Others include commercial vehicles/each segment includes CKD volumesFinancial SummaryFinancial SummaryP.7Revenue&Operating Income AnalysisP.8Status of IncomeP.9Q1 2023Q1 2023Q4 202

12、3Q4 2023Q1 2024Q1 2024YoYQoQRevenueRevenue37,770 37,770 41,669 41,669 40,659 40,659 7.6%2.4%Automotive30,638 33,462 31,718 3.5%5.2%Finance5,089 5,662 6,656 30.8%17.6%Others2,043 2,545 2,285 11.8%10.2%SG&A4,129 4,944 4,870 18.0%1.5%Operating IncomeOperating Income3,642 3,642 3,408 3,408 3,557 3,557 2

13、.3%4.4%Automotive2,898 3,115 2,999 3.5%3.7%Finance368 209 425 15.4%103.4%Others171 228 232 36.1%1.9%Adjustment205 144 99 148.3%31.1%Income before Tax4,647 3,258 4,727 1.7%45.1%NetNet IncomeIncome3,419 3,419 2,203 2,203 3,376 3,376 1.3%53.3%7(Billion KRW)Financial Summary8Revenue&Operating Income Ana

14、lysis1Q 20231Q 20231Q 20241Q 202437,77037,77040,65940,659VolumeMixFXOthers+2,889+2,889(+7.6%)+1,809+942231+3691Q 20231Q 20231Q 20241Q 20243,6423,6423,5573,557VolumeFinanceOthers8585(2.3%)Mix+57OPM(9.6%)OPMOPM(8.7%)(8.7%)21322FX+25150 Mix and incentive effectRevenue(Billion KRW)Operating Income9Statu

15、s of IncomeCOGS RatioSG&ANon-operating IncomeNet Income1 Commission Fees,depreciation,etc.SalaryMarketingResearchOthers1WarrantiesNon-controllingControllingFinanceEquityIncomeOthers24.1Q23.1Q756 879 165 208 84 8323.1Q24.1Q+164(+16.5%)1,151 1,244 456 479 511 983 1,116 1,146 895 1,018 23.1Q24.1Q4,8704

16、,8704,129+741(+17.9%)3,3123,23110814523.1Q24.1Q44(1.3%)3,3763,3763,42079.4%79.3%79.3%(Billion KRW)1,1701,1701,005Statement of IncomeP.12Statement of Financial PositionP.13AppendixSales by RegionP.11Statement of Cash FlowsP.14HEVPHEVFCEVEV11Sales by RegionUSKoreaOthersEurope(Thousand units)PVSUVCVSal

17、es by typeSales of Eco-Friendly Vehicles Based on wholesale/Portion compared to total sales by region Others:N.America(ex.US),China,India,Russia,S.America,Other regions9.0%4.4%14.7%21.0%1.0%0.4%1Q 20231Q 20244141473.2%8.4%8.0%6.6%5.5%10.4%10.9%0.8%1.0%0.03%0.01%1Q 20231Q 20244141393.2%8.4%8.0%15.9%1

18、0.7%15.2%15.7%4.6%4.1%0.01%0.004%1Q 20231Q 20244848553.2%8.4%8.0%2.2%2.0%2.1%2.4%0.1%0.3%0.003%0.003%1Q 20231Q 20242323201Q 20231Q 20241Q 20231Q 20241Q 20231Q 202440.1%37.2%29.1%49.7%16016019124.9%75.1%24.7%75.3%24024021936.5%61.9%39.6%58.3%15715715522.7%21.2%1Q 20231Q 202444.0%52.9%38.7%57.5%449449

19、4573.1%3.8%1.6%2.1%(Billion KRW)Q1 2023Q1 2023Q4 2023Q4 2023Q1 2024Q1 2024YoYYoYQoQQoQRevenueRevenue37,77037,77041,66941,66940,65940,6597.6%2.4%Cost of Good SoldCost of Good Sold29,99929,99933,31733,31732,23132,2317.4%3.3%GrossGross ProfitProfit7,7717,7718,3528,3528,4288,4288.4%0.9%Margin(%)20.6%20.

20、0%20.7%SG&ASG&A4,1294,1294,9444,9444,8704,87018.0%1.5%Portion(%)10.9%11.9%12.0%OperatingOperating IncomeIncome3,6423,6423,4083,4083,5573,5572.3%4.4%Margin(%)9.6%8.2%8.7%IncomeIncome before Taxbefore Tax4,6474,6473,2583,2584,7274,7271.7%45.1%Margin(%)12.3%7.8%11.6%TaxTax1,2271,2271,0551,0551,3511,351

21、NetNet IncomeIncome3,4193,4192,2032,2033,3763,3761.3%53.3%Margin(%)9.1%5.3%8.3%D&AD&A1 11,3261,3261,3011,3011,2811,281EBITDAEBITDA4,9684,9684,7094,7094,8394,83912Statement of Income1Including lease amortization under IFRS 16(Billion KRW)4Q 20234Q 2023Q1 2024Q1 2024Diff.Diff.%changechange AssetAsset2

22、82,463282,463295,934295,93413,4714.8%Current Asset(a)101,725106,0844,3594.3%LiabilitiesLiabilities(b)(b)180,654180,654191,027191,02710,3735.7%Current Liability(c)73,36272,3919711.3%Debt(d)124,748131,8827,1345.7%Provision(g)11,65111,9753242.8%EquityEquity(e)(e)101,809101,809104,906104,9063,0973.0%Cap

23、ital Stock1,4891,489-Capital Surplus4,3784,37530.1%Retained Earnings88,66689,3767100.8%Current Ratio(a/c)138.7%146.5%Liability to Equity(b/e)177.4%182.1%Debt to Equity(d/e)122.5%125.7%13Statement of Financial Position(Billion KRW)Q1 2023Q1 2023Q2 2023Q2 2023Q3 2023Q3 2023Q4 2023Q4 2023Q1 2024Q1 2024

24、BeginningBeginning20,86520,86522,36922,36920,778 20,778 20,31320,31319,16719,167Net Income3,419 3,347 3,304 2,2033,376 Depreciation803 823 817 841 819 Amortization448 416 409 390 384 Acquisition of Tangible1,478 1,497 1,4522,6441,857 Acquisition of Intangible301 302 561617379 Dividends paid0 1,712 3943930 Others1,387 2,666 2,5889261,841 EndingEnding22,36922,36920,77820,77820,313 20,313 19,167 19,167 19,66919,66914Statement of Cash FlowsThank youQ&A