Hyundai Motor Company · KRX:005380
Hyundai Motor — Q4 2023 Earnings Presentation
22 slides from Hyundai Motor's earnings presentation, Jan 25, 2024
Slide 1: Hyundai Motor Company Q4 2023 and Annual Business Results
Hyundai Motor Company Q4 2023 and Annual Business Results January 25, 2024
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 ~ 19
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 2022 Wholesale Q4 2023 Wholesale Q4 2022 Retail Sales Q4 2023 Retail Sales (Thousand units) Global Demand1 (Thousand units) Q4 2022 Q4 2023 YoY +19.0% +13.5% Korea 463 447 △3.4% △5.9% △5.9% +3.4% +3.4% +9.8% +8.0% US 3,616 3,909 +8.1% 74 70 71 67 Europe
Slide 6: Global Wholesale / Retail Sales (Annual)
Global Wholesale / Retail Sales (Annual) 2022 Wholesale 2023 Wholesale 2022 Retail Sales 2023 Retail Sales (Thousand units) Global Demand1 (Thousand units) 2022 2023 YoY +11.6% +5.8% △3.5% △6.2% Korea 1,694 1,747 +3.1% +10.6% +10.6% +14.2% +10.9% US 13,903 15,608 +12.3% 254 245 260 244 Europe3 13,80
Slide 7: Sales Analysis (Quarterly)
Sales Analysis (Quarterly) Sales by Segment Sales of Eco-Friendly Vehicles (Thousand units) (Thousand units) 1,090 173 1,039 4.4% 0.1% 1.1% 5.5% 7.8% 7.8% 136 15.1% 0.3% 16.7% 0.9% A 6.1% B 6.4% 5.0% 9.5% 5.8% C D 6.2% FCEV Genesis PHEV SUV HEV 55.2% Others EV 51.2% 5.7% 5.3% 6.6% 6.4% Q4 2022 Q4 20
Slide 8: Sales Analysis (Annual)
Sales Analysis (Annual) Sales by Segment Sales of Eco-Friendly Vehicles (Thousand units) (Thousand units) 4,217 695 3,943 4.6% 0.1% 7.8% 1.1% 6.0% 7.8% 15.6% 507 17.4% A 0.3% 6.4% B 1.2% 5.4% 5.3% 8.9% 5.3% C D FCEV Genesis 6.1% PHEV SUV HEV 53.9% Others EV 51.5% 6.4% 5.3% 6.6% 6.4% 2022 2023 2022 2
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) Q4 2022 Q4 2023 YoY Revenue 38,480 41,669 +8.3% Automotive 31,542 33,462 +6.1% Finance 4,367 5,662 +29.7% Others 2,571 2,545 △1.0% SG&A 4,414 4,944 +12.0% Operating Income 3,400 3,408 +0.2% Automotive 3,020 3,114 +3.1% Finance 308 209 △32.1% Others 190 228
Slide 11: Financial Summary (Annual)
Financial Summary (Annual) (Billion KRW) 2022 2023 YoY Revenue 142,152 162,664 +14.4% Automotive 113,342 130,150 +14.8% Finance 20,038 22,401 +11.8% Others 8,772 10,113 +15.3% SG&A 18,447 18,358 △0.5% Operating Income 9,825 15,127 +54.0% Automotive 7,910 12,969 +64.0% Finance 1,845 1,386 △24.9% Othe
Slide 12: Revenue & Operating Income Analysis (Quarterly)
Revenue & Operating Income Analysis (Quarterly) (Billion KRW) Revenue Mix Others Volume +578 +1,269 41,669 +1,591 38,480 F/X △249 +3,189 (+8.3%) Q4 2022 Q4 2023 Operating Income Mix Volume +489 Finance Others 3,400 F/X 3,408 +319 △99 △66 △635 OPM OPM (8.8%) (8.2%) +8 (+0.2%) Q4 2022 Q4 2023 11
Slide 13: Revenue & Operating Income Analysis (Annual)
Revenue & Operating Income Analysis (Annual) (Billion KRW) Revenue Mix Others +3,704 Volume +8,021 162,664 F/X +8,196 142,152 +591 +20,512 (+14.4%) 2022 2023 Operating Income Mix Others +2,788 Finance 15,127 +594 Volume F/X +501 +1,731 +648 +682 △459 9,825 OPM (9.3%) OPM (6.9%) +5,302 (+54.0%) 2022
Slide 14: Status of Income (Quarterly)
Status of Income (Quarterly) COGS Ratio Non-operating Income +145 Q4 (Decrease in Loss) Others 79.7% 2022 Finance 36 114 Equity 215 Income Q4 △21 80.0% 2023 △547 Q4 2022 Q4 2023 SG&A Net Income(Discontinued) +530 (+12.0%) Salary +493 1,109 900 Marketing (+28.8%) 2,203 1,405 Warranties 1,374 1,710 Re
Slide 15: Status of Income (Annual)
Status of Income (Annual) COGS Ratio Non-operating Income +1,135 2,492 (+83.7%) 589 Others 2022 80.1% 1,357 Finance 106 Equity 2,471 Income 2023 79.4% 1,558 △307 △568 2022 2023 SG&A Net Income(Discontinued) △89 (△0.5%) +4,288 12,272 18,447 18,358 (+53.7%) Salary 310 3,429 3,908 Marketing 7,984 4,456
Slide 16: Appendix
Appendix Sales by Region P. 16 ~ 17 Statement of Financial Position P. 18 Statement of Cash Flows P. 19
Slide 17: Sales by Region (Quarterly)
Sales by Region (Quaterly) Korea US Europe Others (Thousand units) Sales by type PV SUV CV 236 219 163 192 199 20.6% 491 492 137 27.6% 36.6% 33.9% 40.4% 36.4% 45.0% 42.0% 72.4% 79.4% 37.3% 45.5% 61.3% 62.6% 51.8% 55.7% 22.3% 20.6% 1.0% 2.1% 3.2% 2.3% Q4 2022 Q4 2023 Q4 2022 Q4 2023 Q4 2022 Q4 2023 Q
Slide 18: Sales by Region (Annual)
Sales by Region (Annual) Korea US Europe Others (Thousand units) Sales by type PV SUV CV 906 793 1,891 1,913 689 762 24.2% 27.5% 636 37.7% 570 45.6% 42.4% 38.0% 35.8% 37.3% 72.5% 75.8% 39.5% 41.0% 62.4% 61.7% 50.9% 55.2% 22.5% 21.3% 1.0% 1.8% 3.5% 2.4% 2022 2023 2022 2023 2022 2023 2022 2023 Sales o
Slide 19: Statement of Financial Position
Statement of Financial Position (Billion KRW) 2022 2023 Diff. % change Asset 255,743 282,463 +26,720 +10.4% Current Asset(a) 96,389 101,725 +5,336 +5.5% Liabilities(b) 164,846 180,654 +15,808 +9.6% Current Liability(c) 74,237 73,362 △875 △1.2% Debt(d) 112,186 124,748 +12,562 +11.2% Provision(g) 12,4
Slide 20: Statement of Cash Flows
Statement of Cash Flows (Billion KRW) Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Beginning 19,585 20,865 22,369 20,778 20,313 Net Income 1,710 3,419 3,347 3,304 2,203 Depreciation 870 803 823 817 841 Amortization 540 448 416 409 390 Acquisition of Tangible △1,405 △1,478 △1,497 △1,452 △2,644 Acquisition
Slide 21: Thank you
Thank you €® HYUNDAI
Slide 22: Q&A
Q&A €® HYUNDAI