Hyundai Motor Co (HYMLF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:01.512 Hello, 00:00:01.512 -- 00:00:04.615 I am Michael Yoon, head of IR Group. 00:00:04.615 -- 00:00:11.418 Welcome everyone to HMC's Q1 2026 Business Results Conference Call. 00:00:11.720 -- 00:00:17.084 Please refer to the presentation HMC 2026 Q1 Business 00:00:17.084 -- 00:00:21.188 Results on our IR website. 00:00:21.188 -- 00:00:27.344 This presentation includes quarterly highlights, sales performance, and profit analysis. 00:00:27.344 -- 00:00:32.065 And for quarterly summarized cash flow statement and detailed regional sales breakdowns, 00:00:32.065 -- 00:00:34.846 please refer to the appendix. 00:00:34.846 -- 00:00:37.506 First, Q1 highlights. 00:00:37.506 -- 00:00:42.607 Despite the global demand slowdown due to the geopolitical risks, our global market 00:00:42.607 -- 00:00:47.088 share rose by 0.3 percentage point this quarter. 00:00:47.708 -- 00:00:53.269 Our market share in the US market rose by 0.4 percentage point, maintaining 00:00:53.269 -- 00:00:58.290 MS of 6% range for four consecutive quarters. 00:00:59.710 -- 00:01:05.191 In response to strong hybrid demand, the global hybrid sales reached 00:01:05.191 -- 00:01:07.991 174,000 units. 00:01:09.672 -- 00:01:13.953 And the share of global hybrid sales recorded 17.8%. 00:01:15.473 -- 00:01:22.054 Also in the US market, the share of hybrid sales recorded 24.8%, continuing the momentum. 00:01:24.918 -- 00:01:30.060 Finally, despite unfavorable business conditions with demand slowdown, market share 00:01:30.060 -- 00:01:35.222 increase in major markets and robust hybrid sales led to the highest first quarter 00:01:35.222 -- 00:01:37.543 revenue on record. 00:01:37.543 -- 00:01:42.505 Next, the sales performance. In the first quarter of 2026, 00:01:42.505 -- 00:01:47.687 wh...