Hyundai Motor Company · KRX:005380
Hyundai Motor — Q1 2024 Earnings Presentation
17 slides from Hyundai Motor's earnings presentation, Apr 25, 2024
Slide 1: Hyundai Motor Company Q1 2024 Business Results
Hyundai Motor Company Q1 2024 Business Results Apr 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 ~ 5 Financial Summary P. 6 ~ 9 Appendix P. 10 ~ 14
Slide 4: Sales Summary
Sales Summary Global Wholesale / Retail Sales P. 4 Sales Analysis P. 5
Slide 5: Global Wholesale / Retail Sales
Global Wholesale / Retail Sales Q1 2023 Wholesale Q1 2024 Wholesale Q1 2023 Retail Sales Q1 2024 Retail Sales (Thousand units) Global Demand1 (Thousand units) Q1 2023 Q1 2024 YoY Korea 431 379 △12.0% +1.8% +0.7% +11.1% +2.0% △19.9% △14.3% △16.3% △16.3% US 3,592 3,760 4.7% 60 48 61 52 155 157 152 153
Slide 6: Sales Analysis
Sales Analysis Sales by Segment Sales of Eco-Friendly Vehicles (Thousand units) (Thousand units) 0.2% 7.3% 6.8% 0.9% 0.1% 0.9% 9.5% 9.3% 12.3% 11.0% A 4.7% B 6.7% 8.2% 5.6% 5.1% C 9.7% D FCEV Genesis PHEV SUV HEV 53.2% 50.6% 57.2% 54.7% Others EV 34.6% 40.1% 34.6% 40.1% 6.5% 6.3% 5.1% 4.5% 6.2% 5.9%
Slide 7: Financial Summary
Financial Summary Financial Summary P. 7 Revenue & Operating Income Analysis P. 8 Status of Income P. 9
Slide 8: Financial Summary
Financial Summary (Billion KRW) Q1 2023 Q4 2023 Q1 2024 YoY QoQ Revenue 37,770 41,669 40,659 7.6% △2.4% Automotive 30,638 33,462 31,718 3.5% △5.2% Finance 5,089 5,662 6,656 30.8% 17.6% Others 2,043 2,545 2,285 11.8% △10.2% SG&A 4,129 4,944 4,870 18.0% △1.5% Operating Income 3,642 3,408 3,557 △2.3% 4
Slide 9: Revenue & Operating Income Analysis
Revenue & Operating Income Analysis (Billion KRW) Revenue Others Mix +1,809 40,659 FX 37,770 +369 Volume +942 △231 +2,889 (+7.6%) 1Q 2023 1Q 2024 Operating Income FX +251 Volume Mix※ Finance Others 3,642 3,557 △50 △21 +57 △322 OPM (8.7%) OPM (9.6%) △85 (△2.3%) 1Q 2023 1Q 2024 ※ Mix and incentive eff
Slide 10: Status of Income
Status of Income COGS Ratio Non-operating Income (Billion KRW) +164 1,170 1,005 (+16.5%) 83 '23. 1Q 79.4% 84 208 Others 165 Finance Equity '24. 1Q 79.3% Income 879 756 '23. 1Q '24. 1Q SG&A Net Income +741 (+17.9%) △44 4,870 (△1.3%) 4,129 Salary 3,420 3,376 1,018 Marketing 108 145 895 1,146 Warrantie
Slide 11: Appendix
Appendix Sales by Region P. 11 Statement of Income P. 12 Statement of Financial Position P. 13 Statement of Cash Flows P. 14
Slide 12: Sales by Region
Sales by Region Korea US Europe Others (Thousand units) Sales by type PV SUV CV 240 219 157 155 191 24.7% 457 449 160 24.9% 39.6% 36.5% 40.1% 38.7% 29.1% 44.0% 75.1% 75.3% 37.2% 49.7% 61.9% 58.3% 52.9% 57.5% 22.7% 21.2% 1.6% 2.1% 3.1% 3.8% 1Q 2023 1Q 2024 1Q 2023 1Q 2024 1Q 2023 1Q 2024 1Q 2023 1Q 2
Slide 13: Statement of Income
Statement of Income (Billion KRW) Q1 2023 Q4 2023 Q1 2024 YoY QoQ Revenue 37,770 41,669 40,659 7.6% △2.4% Cost of Good Sold 29,999 33,317 32,231 7.4% △3.3% Gross Profit 7,771 8,352 8,428 8.4% 0.9% Margin (%) 20.6% 20.0% 20.7% SG&A 4,129 4,944 4,870 18.0% △1.5% Portion (%) 10.9% 11.9% 12.0% Operating
Slide 14: Statement of Financial Position
Statement of Financial Position (Billion KRW) 4Q 2023 Q1 2024 Diff. % change Asset 282,463 295,934 13,471 4.8% Current Asset(a) 101,725 106,084 4,359 4.3% Liabilities(b) 180,654 191,027 10,373 5.7% Current Liability(c) 73,362 72,391 △971 △1.3% Debt(d) 124,748 131,882 7,134 5.7% Provision(g) 11,651 1
Slide 15: Statement of Cash Flows
Statement of Cash Flows (Billion KRW) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Beginning 20,865 22,369 20,778 20,313 19,167 Net Income 3,419 3,347 3,304 2,203 3,376 Depreciation 803 823 817 841 819 Amortization 448 416 409 390 384 Acquisition of Tangible △1,478 △1,497 △1,452 △2,644 △1,857 Acquisition
Slide 16: Thank you
Thank you €® HYUNDAI
Slide 17: Q&A
Q&A €® HYUNDAI