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Hyundai Card is... Investor Presentation Hyundai Card 2012 2012

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  • 1. Hyundai Cardis...Investor Presentation Hyundai Card2012
  • 2. DisclaimerThese presentation materials have been prepared by Hyundai Card Co., Ltd. (HCC or the Company), solely for the use atthis presentation and have not been independently verified. No representations or warranties, express or implied, are madeas to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or containedin this presentation. Neither the Company nor any of its affiliates, advisers or representatives accepts any responsibilitywhatsoever for any loss or damage arising from any information presented or contained in this presentation. The informationpresented 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 Company nor any of its affiliates, advisers or representatives make any undertaking to update any such information subsequent to thedate 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 beidentified 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 Companyscurrent expectation of future events and are subject to a number of factors that could cause actual results to differ materially from those described inthe forward-looking statements. Caution should be taken with respect to such statements and you should not place undue reliance on any suchforward-looking statements.Certain industry and market data in this presentation was obtained from various trade associations, and the Companys have not verified such datawith independent sources. Accordingly, the Companys make no representations as to the accuracy or completeness of that data, and such datainvolves 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 Companys and neitherany part of this presentation nor any information or statement contained therein shall form the basis of or be relied upon in connection with anycontract or commitment whatsoever. Any decision to purchase shares in any offering of shares of the Companys should be made solely on thebasis of the information contained in the offering document which may be published or distributed in due course in connection with any offering ofshares of the Companys, if any.The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in wholeor in part, for any purpose.
  • 3. Key Highlights 2012 1 Solid profitability : 20122,333ROA2.0 Effective marketing : Excellent asset quality : 300.7 Sound capital structure :5.119.6 Strong liquidity :65.5
  • 4. Resilient GDP Growth and Increasing Credit Card Usage 2& *& * () / 3.6% 65.3% 3.5% 3.2% 59.6% 3.0% 2.9% 56.8% 52.8% 49.7% 390.2 6.1% 350.7 303.9 279.3 3.6% 219.30 2.2% 2.0% 0.2% 2008 2009 2010 2011 2012 2008 2009 2010 2011 1H12Source: * Source: the Credit Finance Association,
  • 5. Balanced-risk Asset Portfolio and Consistent Market Share 3() * 98,976 (*) 95,630 91,861 23.4% 21.0% 21.6% 15.7% 15.7% 15.5% 15.4% 71,361 10.6% 9.5% 15.0% 12.6% 13.8% 56,161 14.1% 14.3% 14.4% 10.7% 22.3% 14.5% 25.4% 25.0% 13.1% 12.6% 25.8% 11.2% 28.9% 42.8% 44.4% 48.5% 40.7% 44.0% 2008 2009 2010 2011 2012 2008 2009 2010 2011 3Q12 * Source: FISIS
  • 6. Good Profitability Underscores Strong Fundamentals 4 () Return on Equity & Return on Assets ROE ROA 2009 2010 2011 2012 YoY 17.6% 16.7% 15.1% 18,408 23,369 24,083 25,256 4.9% 12.6% 9.0% 3.9%() 17,948 22,603 23,696 24,598 3.8% 3.5% 3.5% 2.6% 2.0% 15,546 19,660 20,841 22,924 10.0% 2008 2009 2010 2011 2012( 15,085 18,895 20,454 22,266 8.9% Key Highlights 1,126 1,847 2,001 2,030 1.4% 2,863 3,708 3,236 2,333 -28.0% - MDR - 2,128 2,781 2,386 1,913 -19.8%
  • 7. Excellent Asset Quality and Conservative Reserve Policy 530 () ()/) 199.1% 174.1% 143.3% 123.9% 127.7% 3,779 3,714 2,041 1,906 0.7% 0.7% 0.6% 0.3% 0.4% 1,886 226 1,738 2,134 1,660 1,348 1,415 1,898 1,808 1,477 941 1,143 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
  • 8. Leverage and Capital Adequacy Soundly Managed 6Leverage ) / / 23.5% 22.5% 18.7% 19.6% 19.6% 6.0x 5.4x 4.9x 5.1x 4.6x 4.4x 19,000 18,433 18,450 3.5x 16,989 3.5x 3.2x 3.2x 14,063 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
  • 9. Well Diversified, Stable Funding Portfolio 7Funding Portfolio by Product Funding Principles ABS ABS20CP10 12.7% CP 4.9% Loans 1.9% Bonds 100 80.4% 7729 67.3%
  • 10. Strong Liquidity Position and Well-Spread Debt Maturity 8 ( () * Bond CP Loan ABS 26.1% 25.2% 79.0% 18,430 17,809 65.5% 2,984 4,500 32.7% 36.7% 17.7% 625 18.6% 15,837 12,525 15,143 15.0% 525 10,586 11,478 3,500 8,407 1,492 8,242 10.2% 225 7,200 4,978 14,200 13,930 5.9% 4,800 4,180 4,110 8,500 8,869 1,200 200 7,200 7,430 6,900 6,500 4,180 3,600 3,910 2008 2009 2010 2011 2012 1H13 2H13 2014 2015 2016 2017~ * Source: Company = ( +)/ 1
  • 11. Hyundai CardCompany OverviewInvestor Presentation Hyundai Card2012
  • 12. I. Who is Hyundai Card?
  • 13. The Premier Korean Credit Card Company 9 () - 300.7 -182 - - GE -(Committee) -GE -Fitch-BBB/S&P-BBB -AA+
  • 14. Shareholder Financial & Operational Support 102 GE Capital - 2012 - 2012127,248 - - 54.0% 2010 - GE2 - 2008 - 20062008BW - () - - - GE 2006 1,653 2005 - GE Capital2,00043.3% - - GEJV - - - GE Capital3,130 43
  • 15. Management Strategy 11
  • 16. Committed to Transparent Corporate Governance 12 Board of Directors HMC5GECC1 6 GECC Risk Control Committee Executive Finance Committee Compliance Review Board HMC4GECC3 HMC9GECC7 HMC5GECC5 - - - GE GE BPS(Best Practice Sharing)
  • 17. Product Overview & Market Share 13 Business Area Features () 15.7% 15.7% 15.5% 15.4% 13.8% 12.8% 212 14.1% 14.3% 14.4% 11.8% 13.1% 9.8% 11.2% 10.1% 336 8.8% 7.0% ( 2005 2006 2007 2008 2009 2010 2011 3Q12 ) * Source: FISIS
  • 18. II. Premium Brand & Marketing
  • 19. One of Koreas Most Well Recognized & Respected Brands 14Strong Brand Drives Higher Customer Loyalty Innovative Branding Activities Strategy: Innovative Experience - - Emotional Communication Classic Dynamic - - Result: - - ()() *88.1% (Source: TNS RI Research 2011)
  • 20. Effective Market Segmentation & Positioning 15Customer Segmentation Product Positioning - M Lifestyle - - Income Level Exclusivity - -
  • 21. III. Macro & IndustryEnvironment
  • 22. Koreas Macro Environment 16& *& * () / 4.7% 65.3% 4.0% 59.6% 3.0% 56.8% 2.8% 52.8% 2.2% 49.7% 390.2 6.1% 350.7 303.9 279.3 3.6% 219.3 2.2% 2.0% 0.2% 2008 2009 2010 2011 2012 2008 2009 2010 2011 1H12Source: * Source: the Credit Finance Association
  • 23. Korean Credit Card Market Features 17 - - - Credit Scoring System - 65 -
  • 24. Korea Credit Card Industry: Then & Now 18 30 34.3% 64.9% 28.3% 65.7% 35.1% 2.0% 2003 3Q12 2003 3Q12 - 26.7% - -8 -5.5% -/6201212 2003 3Q12 Source:
  • 25. IV. Asset Portfolio &Performance
  • 26. Balanced Asset Portfolio of Credit and Financial Products 19() 98,976 95,630 91,861 23.4% 21.0% 21.6% 71,361 10.6% 9.5% 15.0% 12.6% 56,180 10.7% 22.3% 14.5% 25.4% 45,066 25.0% 12.6% 25.8% 13.5% 35,078 29,899 12.3% 7.9% 28.9% 5.0% 11.9% 23.5% 14.4% 19.0% 42.8% 44.4% 12.2% 48.5% 40.7% 50.6% 44.0% 63.6% 58.5% 2005 2006 2007 2008 2009 2010 2011 2012
  • 27. Best in Class Risk Management 20Strong governance for risk monitoring Risk Control Committee (RCC) - RCC - CRP(Credit Review Point) Risk Appetite Management PQR(Portfolio Quality Review) Stress Test & Contingency Planning
  • 28. Historical Asset Quality 2130 4.3% 2.2% 0.7% 0.7% 0.4% 0.6% 0.4% 0.3% 2005 2006 2007 2008 2009 2010 2011 2012
  • 29. Historical Reserve & FSS Requirement Coverage Ratio 22() / 200.4% 199.1% 178.1% 174.1% 143.3% 123.9% 127.7% 111.4% 3,779 3,714 2,041 1,906 1,886 226 2,134 1348 1,898 1,738 1,808 1,578 1,660 1,477 1,392 1,250 1,415 1,040 941 1,143 886 519 2005 2006 2007 2008 2009 2010 2011 2012 K-GAAP K-IFRS
  • 30. Sustainable Growth Based on Strong Fundamentals 23() K-GAAP K-IFRS 2006 2007 2008 2009 2010 2011 2012 YoY 11,095 11,213 15,943 18,408 23,369 24,083 25,256 4.9% () 11,067 11,130 14,438 17,948 22,603 23,696 24,598 3.8% 8,093 10,486 13,365 15,546 19,660 20,841 22,924 10.0% () 8,065 10,403 11,860 15,085 18,895 20,454 22,266 8.9% 3,137 3,803 5,056 7,299 8,631 9,239 10,437 13.0% 1,134 1,390 1,868 2,205 3,185 3,574 3,434 -3.9% 2,454 2,955 3,669 3,977 4,841 5,384 6,100 13.3% PPOP 3,949 2,568 3,574 4,409 5,696 5,248 4,362 -17.0% 947 423 1,025 1,126 1,847 2,001 2,030 1.4% 0 1,418 -28 420 141 11 0 -100.0% 3,002 727 2,578 2,863 3,708 3,236 2,333 -28.0% ROA 8.9% 6.0% 3.9% 3.5% 3.5% 2.6% 2.0% - ROE 34.6% 23.9% 16.7% 15.1% 17.6% 12.6% 9.0% - 3,063 1,086 2,715 2,945 3,708 3,236 2,325 -28.2% 2,810 2,344 2,022 2,128 2,781 2,386 1,913 -19.8%
  • 31. V. Capitalization, Funding& Liquidity
  • 32. Strong Capital Structure 24() 31.3% 28.4% 23.5% 22.5% 18.7% 19.6% 19.6% 12.4% 16,989 18,433 18,647 19,000 14,063 13,059 10,801 3,826 2005 2006 2007 2008 2009 2010 2011 2012
  • 33. Well Controlled Leverage 25Leverage / / 12.3x11.3x 6.0x 5.4x 5.1x 4.6x 4.9x 4.1x 4.1x 4.4x 3.5x 3.5x 3.2x 3.2x 2.6x 2.6x 2005 2006 2007 2008 2009 2010 2011 2012
  • 34. Diversification of Funding Portfolio over Time 26 () ABS ABS CP 71,968 70,674 70,729 9.2% 6.9% 4.9% 1.9% 10.1% 6.3% 12.7% 51,649 4.6% 11.0% 39,799 6.4% 7.7% 14.1% 29,327 11.0% 80.2% 26,645 8.3% 83.6% 14.8% 10.1% 73.2% 22.9% 21,985 13.6% 15.1% 9.3% 18.8% 19.5% 15.9% 61.8% 49.6% 50.1% 59.4% 47.3% 2005 2006 2007 2008 2009 2010 2011 2012 50.5% 50.5% 62.6% 63.1% 57.3% 56.5% 71.6% 67.3%
  • 35. Substantial Improvement in Liquidity Position 27) * 79.0% 65.5% 36.7% 32.7% 27.3% 18.6% 15,837 13.1% 15,143 4.9% 11,478 8,407 8,242 4,978 4,800 4,110 2,990 1,200 200 7,430 6,900 6,500 1,427 1,500 646 3,600 3,910 1,427 1,490 646 2005 2006 2007 2008 2009 2010 2011 2012 * = ( +)/ 1
  • 36. Investor Relations ContactsJungsang Kim, Head of Investor Relations Minchul Seo, Deputy General Manager of Investor RelationsPhone +82 2 2167 7034 Phone +82 2 2167 [email protected] [email protected] Moon, Manager of Investor RelationsPhone + 82 2 2167 [email protected]://ir.hyundaicard.com/