Hyundai Motor Company · KRX:005380
Hyundai Motor — Q4 2024 Earnings Presentation
23 slides from Hyundai Motor's earnings presentation, Jan 23, 2025
Slide 1: Hyundai Motor Company Q4 2024 and Annual Business Results
Hyundai Motor Company Q4 2024 and Annual Business Results January 23, 2025
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 Sales Summary P. 3 ~ 7 Financial Summary P. 8 ~ 14 Appendix P. 15 ~ 21
Slide 4: Sales Summary
Sales Summary Global Wholesale / Retail Sales P. 4 ~ 5 Sales Analysis P. 6 ~ 7
Slide 5: Global Wholesale / Retail Sales (Quarterly)
Global Wholesale / Retail Sales (Quarterly) Q4 2023 Q4 2024 Q4 2023 Q4 2024 Wholesale Wholesale Retail Sales Retail Sales (Thousand units) Global Demand1 (Thousand units) Q4 2023 Q4 2024 YoY Korea 447 438 △2.0% △3.8% △5.7% +4.4% +11.7% △65.8% △53.5% US 3,917 4,229 +8.0% △4.6% △4.6% 70 24 67 31 Europ
Slide 6: Global Wholesale / Retail Sales (Annual)
Global Wholesale / Retail Sales (Annual) 2023 2024 2023 2024 Wholesale Wholesale Retail Sales Retail Sales (Thousand units) Global Demand1 (Thousand units) 2023 2024 YoY △4.2% △2.4% △47.6% △35.5% Korea 1,747 1,633 △6.5% △7.5% △7.5% +9.9% +5.9% US 15,616 16,041 +2.7% 128 245 244 157 Europe2 16,087 16
Slide 7: Sales Analysis (Quarterly)
Sales Analysis (Quarterly) Sales by Segment Sales of Eco-Friendly Vehicles (Thousand units) (Thousand units) 210 0.1% (1) 1,090 1,066 173 0.9% (10) 5.5% (59) 5.1% (54) 6.3% (69) 0.1% (1) 6.8% (72) 1.1% (11) 10.3% (112) 9.9% (106) 10.9% (118) Others 9.5% (102) A 6.1% (67) 13.7% (146) 6.9% (74) B 5.0%
Slide 8: Sales Analysis (Annual)
Sales Analysis (Annual) Sales by Segment Sales of Eco-Friendly Vehicles (Thousand units) (Thousand units) 757 695 0.1% (4) 4,217 4,142 0.9% (37) 0.1% (4) 5.5% (236) 1.1% (48) 5.2% (215) 6.6% (277) 6.6% (275) 10.3% (433) 9.6% (398) Others 11.3% (476) 10.3% (425) A 8.9% (374) 12.0% (497) 6.5% (273) 6.
Slide 9: Financial Summary
Financial Summary Financial Summary P. 9 ~ 10 Revenue & Operating Income Analysis P. 11 ~ 12 Status of Income P. 13 ~ 14
Slide 10: Financial Summary (Quarterly)
Financial Summary (Quarterly) (Billion KRW) 2023 4Q 2024 3Q 2024 4Q YoY QoQ Revenue 41,669 42,928 46,624 +11.9% +8.6% Automotive 33,462 34,019 35,750 +6.8% +5.1% Finance 5,662 6,497 8,188 +44.6% +26.0% Others 2,545 2,412 2,686 +5.5% +11.3% SG&A 4,944 4,917 6,264 +26.7% +27.4% Operating Income 3,408
Slide 11: Financial Summary (Annual)
Financial Summary (Annual) (Billion KRW) 2023 2024 YoY Revenue 162,664 175,231 +7.7% Automotive 130,150 136,725 +5.1% Finance 22,401 28,447 +27.0% Others 10,113 10,059 △0.5% SG&A 18,357 21,510 +17.2% Operating Income 15,127 14,240 △5.9% Automotive 12,969 11,075 △14.6% Finance 1,386 1,795 +29.6% Othe
Slide 12: Revenue & Operating Income Analysis (Quarterly)
Revenue & Operating Income Analysis (Quarterly) (Billion KRW) Revenue 2,635 46,624 1,702 454 164 41,669 +4,955 (+11.9%) '23. 4Q FX Volume Mix* Others '24. 4Q Operating Income 3,408 36 △320 165 2,822 △42 △425 OPM (8.2%) OPM △586 (6.1%) (△17.2%) '23. 4Q FX Volume Mix* Finance Others '24. 4Q ※ Mix and
Slide 13: Revenue & Operating Income Analysis (Annual)
Revenue & Operating Income Analysis (Annual) (Billion KRW) Revenue 5,884 175,231 5,188 162,664 1,099 396 +12,567 (+7.7%) 2023 FX Volume Mix* Others 2024 Operating Income 409 86 157 434 15,127 14,240 △1,973 OPM OPM (9.3%) (8.1%) △887 (△5.9%) 2023 FX Volume Mix* Finance Others 2024 ※ Mix and incentive
Slide 14: Status of Income (Quarterly)
Status of Income (Quarterly) (Billion KRW) COGS Ratio Non-operating Income 297 △150 +447 (-) 196 Others '23. 4Q 80.0% Equity Income 335 Finance 114 '24. 4Q 80.5% △21 △243 △234 '23. 4Q '24. 4Q SG&A Net Income (including net loss of discontinued operations) +1,320 6,264 4,944 (+26.7%) +271 1,260 (+12.
Slide 15: Status of Income (Annual)
Status of Income (Annual) (Billion KRW) COGS Ratio Non-operating Income 3,542 2,492 +1,050 (+42.1%) 633 Others 589 2023 79.4% Equity Income 3,114 Finance 2,471 2024 79.6% △568 △205 2023 2024 SG&A Net Income (including net loss of discontinued operations) +3,153 (+17.2%) 21,510 18,357 +958 (+7.8%) 13
Slide 16: Appendix
Appendix Sales by Region P. 16 ~ 17 Statement of Income P. 18 ~ 19 Statement of Financial Position P. 20 Statement of Cash Flows P. 21
Slide 17: Sales by Region (Quarterly)
Sales by Region (Quarterly) Korea US Europe Others (Thousand units) Sales by type PV SUV CV 492 479 242 199 236 189 163 156 20.6% 23.7% 42.0% 38.7% 33.9% 40.1% 37.6% 36.7% 29.1% 38.5% 45.5% 37.2% 44.3% 79.4% 76.3% 61.3% 54.9% 49.7% 60.5% 57.5% 20.6% 22.7% 21.2% 18.1% 2.0% 1.0% 3.1% 3.8% '23. 4Q '24.
Slide 18: Sales by Region (Annual)
Sales by Region (Annual) Korea US Europe Others (Thousand units) Sales by type PV SUV CV 762 988 705 906 636 609 1,913 1,840 25.7% 37.7% 24.2% 42.4% 35.1% 35.8% 38.5% 38.9% 40.1% 29.1% 41.0% 74.3% 37.2% 45.3% 75.8% 62.4% 49.7% 60.1% 54.3% 57.3% 21.3% 22.7% 19.6% 21.2% 1.8% 1.4% 3.3% 3.8% 2023 2024 2
Slide 19: Statement of Income (Quarterly)
Statement of Income (Quarterly) (Billion KRW) ’23. 4Q ’24. 3Q ’24. 4Q YoY QoQ Revenue 41,669 42,928 46,624 11.9% 8.6% Cost of Good Sold 33,317 34,430 37,537 12.7% 9.0% Gross Profit 8,352 8,498 9,086 8.8% 6.9% Margin (%) 20.0% 19.8% 19.5% SG&A 4,944 4,917 6,264 26.7% 27.4% Portion (%) 11.9% 11.5% 13.
Slide 20: Statement of Income (Annual)
Statement of Income (Annual) (Billion KRW) 2023 2024 YoY Revenue 162,664 175,231 7.7% Cost of Good Sold 129,179 139,482 8.0% Gross Profit 33,484 35,749 6.8% Margin (%) 20.6% 20.4% SG&A 18,357 21,510 17.2% Portion (%) 11.3% 12.3% Operating Income 15,127 14,240 -5.9% Margin (%) 9.3% 8.1% Income before
Slide 21: Statement of Financial Position
Statement of Financial Position (Billion KRW) 2023 2024 Diff. % change Asset 282,463 339,798 57,335 20.3% Current Asset(a) 101,725 115,764 14,039 13.8% Liabilities(b) 180,654 219,522 38,868 21.5% Current Liability(c) 73,362 79,510 6,148 8.4% Debt(d) 124,748 156,489 31,741 25.4% Provision(g) 11,651 1
Slide 22: Statement of Cash Flows
Statement of Cash Flows (Billion KRW) ’23. 4Q ’24. 1Q ’24. 2Q ’24. 3Q ’24. 4Q Beginning 20,313 19,167 19,669 18,146 14,992 Net Income 2,203 3,376 4,174 3,206 2,474 Depreciation 841 819 838 835 906 Amortization 390 384 357 360 △211 Acquisition of Tangible △2,644 △1,857 △1,965 △1,802 △2,437 Acquisitio
Slide 23: Thank You
Thank You G&G HYUNDAI