Hyundai Motor Company · KRX:005380
Hyundai Motor — Q1 2026 Earnings Presentation
20 slides from Hyundai Motor's earnings presentation, Apr 23, 2026
Slide 1: Hyundai Motor Company Q1 2026 Business Results
Hyundai Motor Company Q1 2026 Business Results April 23, 2026
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements In the presentation that follows and in related comments by Hyundai Motor’s management, our use of the words “expect,” “anticipate,” “project,” “estimate,” “forecast,” “objective,” “plan,” “goal,” “outlook,” “target,” “pursue” and simil
Slide 3: Table of Contents
Table of Contents Q1 Highlights P. 3 Sales Summary P. 4~9 Financial Summary P. 10~13 Appendix P. 16~19
Slide 4: Q1 Highlights
Q1 Highlights M/S ↑ 17.8% KRW 46T Global M/S Growth YoY +0.3%p, US +0.4%p Highest HEV Sales Portion Record-high Q1 Revenue Global market share increased YoY +0.3%p Global HEV sales ratio reached 17.8% for Q1, Despite growing geopolitical uncertainties, despite total industry demand slowdown of △7.2%
Slide 5: Sales Summary
Sales Summary Global Wholesale / Retail Sales P. 5 Market Summary P. 6~8 Sales Analysis P. 9
Slide 6: Global Wholesale / Retail Sales
Global Wholesale / Retail Sales Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Market Demand1 Market Demand1 Wholesale Wholesale Retail Sales Retail Sales (Thousand units) -5.5% -1.0% +4.8% +13.1% -21.8% +0.3% +1.2% -7.8% -2.0% -4.4% -4.4% +8.5% +11.5% -7.9% -7.5% 3,927 1,332 3,710 4,1374,098 390 4
Slide 7: U.S. Market Summary
U.S. Sales by Type (Thousand units, Wholesale) Market Summary 26.5% 24.8% Despite market demand decline(YoY -5.5%) due to growing geopolitical uncertainties, wholesale 243 244 increased YoY +0.3% and secured 6% range of M/S 73.5% 75.2% Q1 2025 Q1 2026 Achieved highest HEV sales ratio 24.8%, attribut
Slide 8: Europe
Europe Sales by Type (Thousand units, Wholesale) Market Summary 1.1% 0.5% 34.5% 27.1% Wholesale volume declined △7.8% YoY due to 151 140 intensified competition, growing geopolitical uncertainty and timing of major new model launches in 2H (IONIQ 3 and Tucson scheduled for launch in 2H) 64.4% 72.4%
Slide 9: Korea
Korea Sales by Type (Thousand units, Wholesale) Market Summary 37.5% 18.1% 37.9% 16.0% Demand and wholesale for EV increased, supported by the early confirmation of government subsidies for 166 159 eco-friendly vehicles (EV Wholesale YoY +65.5%) 44.4% 46.1% Q1 2025 Q1 2026 Sales of Eco-Friendly Vehi
Slide 10: Sales Analysis
Sales Analysis Sales by Segment (Thousand units, wholesale) Product Mix (Thousand units, wholesale) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 SUV PV CV SUV1 605 645 659 638 607 EV HEV PHEV FCEV ICE Genesis 34 39 37 39 34 PV 346 366 327 351 326 Genesis 18 20 16 19 16 6.0% CV2 50 55 52 44 43 Total 1,001
Slide 11: Financial Summary
Financial Summary Financial Summary P. 11 Revenue & Operating Income Analysis P. 12 Status of Income P. 13
Slide 12: Financial Summary
Financial Summary (Billion KRW) Q1 2025 Q4 2025 Q1 2026 YoY QoQ Revenue 44,408 46,839 45,939 +3.4% -1.9% Automotive 34,718 36,590 34,539 -0.5% -5.6% Finance 7,398 7,432 8,991 +21.5% +21.0% Others 2,292 2,817 2,409 +5.1% -14.5% SG&A 5,346 6,148 5,502 +2.9% -10.5% Operating Income 3,634 1,695 2,515 -3
Slide 13: Revenue & Operating Income Analysis
Revenue & Operating Income Analysis (Billion KRW) Revenue +1,531 (+3.4%) 997 +1,710 45,939 44,408 -857 -319 Q1 2025 FX Volume Mix** Others Q1 2026 Operating Income -1,119 (-30.8%) 3,634 +25 -247 +8 OPM -337 +292 2,515 (8.2%) -860 OPM (5.5%) Q1 2025 FX* Volume Mix** Finance Tariff Others Q1 2026 12 I
Slide 14: Status of Income
Status of Income COGS Non-operating Income (Billion KRW) +2,494 (+7.0%) +176 1,007 831 (+21.2%) 28 Others 37,922 COGS 63 299 35,428 Finance (Ratio to Rev.) 173 (82.5%) (79.8%) Equity Income 740 535 Q1 2025 Q1 2026 Q1 2025 Q1 2026 SG&A Net Income +156 -797 (+2.9%) 5,502 3,382 (-23.6%) 5,346 2,585 225
Slide 15: Thank You
Thank You
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix Income Statement P. 17 Balance Sheet P. 18 Cash Flow Statement P. 19
Slide 18: Income Statement
Income Statement (Billion KRW) Q1 2025 Q4 2025 Q1 2026 YoY QoQ Revenue 44,408 46,839 45,939 +3.4% -1.9% Cost of Good Sold 35,428 38,996 37,922 +7.0% -2.8% Gross Profit 8,980 7,843 8,017 -10.7% +2.2% Margin (%) 20.2% 16.7% 17.5% -2.7%p +0.8%p SG&A 5,346 6,148 5,502 +2.9% -10.5% Portion (%) 12.0% 13.1
Slide 19: Balance Sheet
Balance Sheet (Billion KRW) 2025 Q1 2026 Diff. % change Asset 368,845 383,834 14,989 +4.1% Current Asset(a) 120,777 126,312 5,535 +4.6% Liabilities(b) 241,197 251,607 10,410 +4.3% Current Liability(c) 88,579 96,146 7,567 +8.5% Debt(d) 175,390 183,263 7,873 +4.5% Provision 12,185 12,443 258 +2.1% Equ
Slide 20: Cash Flow Statement
Cash Flow Statement (Billion KRW) Q1 2025 Q2 Q3 Q4 Q1 2026 Beginning 19,015 17,998 17,520 17,861 18,361 Net Income 3,382 3,250 2,548 1,185 2,585 Depreciation 1,208 1,250 1,295 1,264 1,313 & Amortization Acquisition of -2,085 -1,772 -1,689 -2,821 -2,521 Tangible Acquisition of -492 -565 -619 -1,027 -