Hyundai Motor Co (HYMLF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. I am Yoon Tae-sik of IR Group. Welcome everyone to HMC second quarter business results conference call. On behalf of the Hyundai Motor Group, Hyundai Motor Company, I appreciate your time. And please refer to the presentation HMC 2025 Q2 business results on our IR website. The presentation includes quarterly key events, sales performance, and profit analysis. And for a quarterly summarized cash flow statement and detailed regional sales breakdowns, please refer to the appendix. First, second quarter key messages. Starting from this quarter, we'll briefly introduce the key messages of our quarterly performance. Sales have continuously stabilized post-COVID, with second quarter sales reaching 1,066,000 units, the highest level since 2020. up 0.8% compared to the previous year. The favorable exchange rate environment has persisted, recording an average exchange rate of $1,404.01 and a quarter end rate of $1,356.01. The quarter end rate being lower than the average rate had a favorable impact on debt evaluation. Lastly, the Palisade hybrid successfully addressed the demand for HUV SUV, HEVs in Q2 achieving a wholesale sales volume of around 15,000 units. We plan to continue expanding sales to increase our market share in the hybrid market. Next, the sales performance. In the second quarter of 2025, HMCA recorded global wholesale of 1.07 million units of 0.8% from the year before it. And retail sales reached 1.04 million units, reflecting a 0.9% increase over year. Next, I'll go over details about factors affecting wholesale sales performance in our key markets. In the US, sales increased by 3.3% year-over-year to 262,305 units. The growth in ice and hybrid sales have continued to show a strong trend. sales of eco-friendly vehicles recorded a significant i...