Jul 22, 2021

Hyundai Motor CompanyQ2 2021 Business Results

Cautionary Statement with Respect to Forward-Looking Statements

1

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 similar expressions is intended to identify forward looking statements.

The financial data discussed herein are presented on a preliminary basis before the audit from our

Independent Auditor; final data will be included in HMC’s Independent auditor’s report. While these

statements represent our current judgment on what the future may hold, and we believe these judgments

are reasonable, actual results may differ materially due to numerous important factors. Such factors

include, among others, the following : changes in economic conditions, currency exchange rates or

political stability; shortages of fuel, labor strikes or work stoppages; market acceptance of the

corporation’s new products; significant changes in the competitive environment; changes in laws,

regulations and tax rates; and the ability of the corporation to achieve reductions in cost and employment

levels to realize production efficiencies and implement capital expenditures at levels and times planned by

management.

We do not intend or assume any obligation to update any forward-looking statement, which speaks only

as of the date on which it is made.

Sales Summary

Table of Contents

P. 3 ~ 5

P. 6 ~ 12Financial Summary

Appendix P. 13 ~ 16

Sales Summary

Global Wholesale / Retail Sales P. 4

Sales Analysis P. 5

Q2 2020 Q2 2021YoY

53.2 46.6 - 12.5%

395.2 441.3 +49.5%

204.8 340.6 +66.3%

482.8 456.9 - 5.4%

15.4 64.8 +320.8%

4

1,436.0 2,021.7 +40.8%

148

71

+109.3% +126.6%

158

70

95118

-19.7% - 27.8%

92

127

China

201226

201226

-11.0%

226

135

300

174

+73.1%+67.6%

114

28

+306.0%

9842

+133.7%

5725 5023

+122.7%+121.3%

7822

7628

+246.8% +168.8%

11279

134

77

+74.0%+41.8% 1,031

704

+44.7%

1,109

767

+46.5%

934

585

1,018

640

+59.5% +59.1%

-11.0%

Q2 2020 Wholesale (Thousand units)

Q2 2021 Wholesale

Q2 2020 Retail Sales

Q2 2021 Retail Sales

Global Wholesale / Retail Sales

(10K units)Global Demand1

HMC Global Sales4

1 US and Europe are based on retail sales, China ex-Factory, India wholesale2 AMEA, Asia-Pacific, Other regions, CV(ex. Korea CV)3 Western Europe excluding CV4 Wholesale including CV

Europe

KoreaN. America

IndiaRussia

S. America

Others2Wholesale / Retail Sales

Wholesale / Retail Sales

(ex. China)

Korea

US

Europe3

China

India

Global

5

34.6%

6.2%

40.1%

6.0%

Q2 2020 Q2 2021

704

1,031

2.7%4.8%

25.7%

12.2%

5.4%

40.8%

8.4%

7.0%

7.3%

19.9%

6.9%

5.3%

46.6%

7.0%

“Strong sales of eco friendly vehicles and SUVs”

➢ Concerns toward business performance remain due to chip supply issues,

increasing raw material prices and reduced working days

➢ Strengthen global EV sales via continuous sales volume increase of Ioniq 5

in addition to entering new global markets

➢ Continued mix improvement with high-end vehicles by launching

JW, first dedicated Genesis EV model, all new G90 and Santa Cruz in 2H

∙ Scale up of sales in domestic and Europe in Q2 '21

∙ 10K units sold in 1H, backlog of 30K as of end of Q2

∙ Sales in 2H ’21 to be boosted along with improvement

in chip shortage issue

· Ioniq 5

∙ JW, Santa Cruz, small SUV scheduled to be launched in 2H

∙ Strengthen EV Line-up by launching G80 EV and JW

∙ Enter pick-up truck market in US by launching Santa Cruz

∙ Strong sales of new Tucson (128k units in Q2 ’21)

∙ Continued sales increase of eco friendly vehicles by

launching Tucson HEV and PHEV models

∙ Line-up expansion of eco friendly vehicles with the

launch of Santa Fe HEV and PHEV· Line-up in 2H

JW

Santa Cruz

Sales Analysis

Sales by Segment(Thousand units)

Model

Key Growth Factors

※ GV70, GV80 are included in Genesis, when included in SUV, the portion is 49.4%.

※ Based on Wholesale.

A

B

C

D

Genesis

SUV

Others

Outlook

· Tucson

Financial Summary

Financial Summary P. 7

Revenue by Divisions P. 8

Revenue Analysis P. 9

Operating Income Breakdown P. 10

Operating Income Analysis P. 11

Non-operating Income & Net Income P. 12

Q2 2020 Q1 2021 Q2 2021 YoY QoQ

Revenue 21,859 27,391 30,326 +38.7% +10.7%

Cost of Good Sold 18,147 22,354 24, 595 +35.5% +10.0%

Gross Profit 3,712 5,037 5,731 +54.4% +13.8%

Margin (%) 17.0% 18.4% 18.9%

SG&A 3,122 3,380 3,845 +23.2% +13.8%

Operating Income 590 1,657 1,886 +219.5% +13.8%

Margin (%) 2.7% 6.0% 6.2%

Non-operating Income

6 390 616 +10,261.2% +58.1%

Income before Tax 596 2,046 2,502 +319.6% +22.3%

Tax 219 524 519 +137.2% -0.9%

Net Income 377 1,522 1,983 +425.5% +30.2%

7

Financial Summary

(Billion KRW)

16,057

24,674

Q2 2020 Q2 2021

4,342

4,038

Q2 2020 Q2 2021

1,461 1,614

Q2 2020 Q2 2021

Sales volume increase Decline in off lease vehicle sales Sales increase

8

+8,617(+53.7%)

+153(+10.5%)

-304(-7.0%)

Revenue by Division

Automotive Finance Others(Billion KRW)

Q2 2020 Q2 2021

21,859

30,326

9

+9,823+9,823

+8,467(+38.7%)

-1,108

-151-97

Revenue Analysis(Billion KRW)

Volume

F/X

Others

Product mix and etc.

△1999

42

96 272

554 295

1,137

Q2 2020 Q2 2021

590

1,886

Q2 2021

Q2 2020 83.0%

81.1%

10

+1,296(+219.5%)

837 930

312 337 518

887 744

974 711

717

Q2 2020 Q2 2021

3,845

3,122

+723(+23.2%)

Operating Income Breakdown

Operating Income by Division(Billion KRW)

COGS Ratio

SG&A

Salary

Marketing

Warranties

Research

Others 1

Automotive

Finance

Others

Adjustment

1Commission Fees, depreciation, etc.

11

Q2 2020 Q2 2021

590

1,886

+1,748

+1,296(+219.5%)

+282

-436

-58

+282

OPM(2.7%)

(3.4%)

OPM(6.2%)

-240

Operating Income Analysis

(Billion KRW)

Volume

Others

F/X

Product mix and etc.

FinanceDivision

-51

374

-35

43

92

199

Q2 2020 Q2 2021

616

227

1,762

150

221

Q2 2020 Q2 2021

377

1,983

12

+610(+10,261.2%)

+1,606(+425.5%)

6

Non-operating Income & Net Income

Non-operating Income(Billion KRW)

Net Income

Finance

Equity Income

Others

Non-controlling

Controlling

Appendix

P. 14

P. 15

P. 16

Statement of Income

Statement of Financial Position

Statement of Cash Flows

(Billion KRW) Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 YoY QoQ

Revenue 21,859 27,576 29,243 27,391 30,326 +38.7% +10.7%

Gross Profit 3,712 5,125 5,379 5,037 5,731 +54.4% +13.8%

Margin (%) 17.0 18.6 18.4 18.4 18.9

SG&A 3,122 5,439 4,125 3,380 3,845 +23.2% +13.8%

Portion (%) 14.3 19.7 14.1 12.3 12.7

Operating Income 590 -314 1,254 1,657 1,886 +219.5% +13.8%

Margin (%) 2.7 -1.1 4.3 6.0 6.2

Income before tax 596 -362 1,135 2,046 2,502 +319.6% +22.3%

Margin (%) 2.7 -1.3 3.9 7.5 8.3

Net Income 377 -189 1,183 1,522 1,983 +425.5% +30.2%

Margin (%) 1.7 -0.7 4.0 5.6 6.5

D&A1 1,088 1,115 1,120 1,137 1,126

EBITDA 1,678 801 2,374 2,793 3,012

14

Statement of Income

1 Includes lease amortization under IFRS 16

(Billion KRW) Q4 2020 Q2 2021 Diff. % change

Asset 209,344 222,820 +13,476 +6.4%

Current Asset(a) 83,686 85,513 +1,827 +2.2%

Liabilities(b) 133,003 142,711 +9,708 +7.3%

Current Liability(c) 59,460 58,126 -1,334 -2.2%

Debt(d) 91,407 100,753 +9,346 +10.2%

Provision) 10,371 10,828 +457 +4.4%

Equity(e) 76,341 80,109 +3,768 +4.9%

Capital Stock 1,489 1,489 - -

Capital Surplus 4,190 4,045 -145 -3.5%

Retained Earnings 68,912 71,333 +2,421 +3.5%

Current Ratio(a/c) 140.7% 147.1%

Liability to Equity(b/e) 174.2% 178.1%

Debt to Equity(d/e) 119.7% 125.8%

15

Statement of Financial Position

(Billion KRW) Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021

Beginning 10,374 10,884 12,307 9,862 11,035

Net Income 377 -189 1,183 1,522 1,983

Depreciation 676 703 708 700 704

Amortization 363 363 363 386 375

Acquisition of Tangible -1,062 -1,030 -1,468 -1,093 -859

Acquisition of Intangible -397 -417 -556 -275 -294

Dividends paid -890 - - - -926

Others 1,442 1,993 -2,675 -67 -990

Ending 10,884 12,307 9,862 11,035 11,027

16

Statement of Cash Flows

Thank you

Q&A