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20152 q캐피탈국문

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2015 2q캐피탈국문

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20152 q캐피탈국문

  1. 1. 1H15 Earnings Release Hyundai Capital Services
  2. 2. 1 Disclaimer This presentation material is being presented to you solely for your information only and may not be taken away by you and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. These presentation materials have been prepared by Hyundai Capital Services., Inc. (“HCS or the Company”), solely for the use at this presentation and have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. Neither the Companies nor any of theirs affiliates, advisers or representatives accepts any responsibility whatsoever for any loss or damage arising from any information presented or contained in this presentation. The information presented or contained in this presentation is current as of the date hereof and is subject to change without notice and its accuracy is not guaranteed. Neither the Companies nor any of their affiliates, advisers or representatives make any undertaking to update any such information subsequent to the date hereof. This presentation should not be construed as legal, tax, investment or other advice. Certain information and statements made in this presentation contain “forward-looking statements.” Such forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,”“believe,”“considering,”“depends,”“estimate,”“expect,”“intend,”“plan,” “planning, ”planned,” “project,” “trend,” and similar expressions. All forward-looking statements are the Companies’ current expectation of future events and are subject to a number of factors that could cause actual results to differ materially from those described in the forward-looking statements. Caution should be taken with respect to such statements and you should not place undue reliance on any such forward-looking statements. Certain industry and market data in this presentation was obtained from various trade associations, and the Companies have not verified such data with independent sources. Accordingly, the Companies make no representations as to the accuracy or completeness of that data, and such data involves risks and uncertainties and is subject to change based on various factors. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares or other securities of the Companies and neither any part of this presentation nor any information or statement contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase shares in any offering of shares of the Companies should be made solely on the basis of the information contained in the offering document which may be published or distributed in due course in connection with any offering of shares of the Companies, if any.
  3. 3. 2 상반기 주요 이슈 § 비우호적 시장환경에도 불구하고 Captive 금융사 본연의 사업강화로 자산 성장 § 지속적인 리스크 관리 결과 건전성 개선과 대손비용 감소로 이익개선의 토대 마련 § Global 사업 역량 강화를 통해 해외사업 확대
  4. 4. 3 사업 환경 국내경기 자동차 판매현황 정체된 Captive 자동차 판매 • 수입차 강세 영향 • 하반기 베스트셀러 중심 신차출시로 판매 개선 기대 (현대차 아반떼, 기아차 K5 등) (단위: 천대) 경기 회복 지연 • GDP성장률 전망 하향 조정 (한국은행, ‘15년 7월) 저금리 지속 • 조달변별력 약화로 경쟁 심화 2.0% 2.8% 3.3% 2.4% 2.75% 2.50% 2.00% 1.50% 2012 2013 2014 1H15 GDP 성장률 기준금리 668 641 685 336 482 458 465 243 392 441 510 279 1,542 1,540 1,660 857 74.6% 71.4% 69.3% 67.5% 2012 2013 2014 1H15 현대차 기아차 기타 현대차그룹 M/S
  5. 5. 4 자산 자산 포트폴리오 2015년 사업 전략 (단위: 십억원) 2012 2013 2014 1H15 YTD 신차 11,000 10,510 10,472 10,832 3.4% 리스 3,805 3,976 3,818 3,896 2.0% 중고차 1,410 1,484 1,464 1,418 -3.1% 개인금융 1,959 2,111 2,162 2,075 -4.0% 모기지 1,641 1,796 1,745 1,667 -4.5% 자동차금융 전략 • 제조사 공동마케팅 통한 상품 경쟁력 강화 • 특화 상품 출시로 고객 니즈 대응 (PCP, 개인리스) 개인금융 전략 • 우수 신용등급 고객 대상 금융상품 마케팅 확대 v 참고: 제조사 공동마케팅 (단위: 십억원) 1월 기아차 전차종 할부금리 1% 인하 3월 현대차 전차종 할부금리 1% 인하 기아차 “모닝커피” 판촉 현대차 “아반떼 10만원의 기적” 판촉 5월 쏘나타 무이자 할부 실시 16,214 15,970 15,754 16,146 4,070 4,428 4,569 4,590 20,285 20,397 20,323 20,735 79.9% 78.3% 77.5% 77.9% 2012 2013 2014 1H15 Auto자산 Non-auto자산 Auto자산 비중
  6. 6. 5 수익성 ① 외환 및 파생관련 효과 제외 ② 관계기업투자주식평가손(1회성 요인) 반영 요약 손익계산서 2013 2014 1H14 1H15 YoY 영업수익① 2,915.1 2,745.9 1,355.6 1,328.2 -2.0% 영업비용① 2,486.8 2,423.8 1,212.0 1,121.3 -7.5% 이자비용 800.6 752.6 387.3 336.2 -13.2% 리스비용 505.9 500.5 250.1 250.3 0.1% 판매관리비 671.7 702.3 321.2 360.1 12.1% 대손상각비 453.1 418.3 226.6 149.2 -34.2% 영업이익 429.1 321.9 143.3 207.4 44.8% 영업외손익 3.3 9.1 11.0 21.8 98.2% 지분법손익 4.5 17.0 -20.9 19.1 흑자전환 순이익 391.4 237.7 85.1 173.9 104.3% ROA 1.9% 1.3% 0.8%② 1.7% 0.9%p 손익결과분석 영업수익 • 기준금리 영향으로 상품금리 인하 영업비용 • 기준금리 인하로 이자비용 감소 • 자산건전성 개선으로 대손상각비 하락 순이익 • 해외사업 안정화로 지분법이익 증가 (단위: 십억원) 6.8% 6.6% 6.0% 5.0% 2012 2013 2014 1H15 신차 APR
  7. 7. 6 건전성 연체율 충당금 (단위: 십억원) 2.5% 2.7% 2.4% 2.2% 1.0% 1.1% 1.0% 0.9% 2012 2013 2014 1H15 30일 이상 연체율 신차 30일 이상 연체율 385 437 440 449 280 326 334 300 665 763 774 749 144.9% 154.4% 162.2% 163.4% 2012 2013 2014 1H15 대손충당금 대손준비금 30일 이상 연체자산 coverage
  8. 8. 7 자본 조정자기자본비율레버리지 ① 2013년말 이후 직전분기 자본 기준 2012 2013 2014 1H15 YTD 총 자산 21,885 22,369 22,508 22,682 0.8% 총 자본① 3,031 3,400 3,395 3,502 3.2% (단위: 십억원) (단위: 십억원) 2012 2013 2014 1H15 YTD 조정 총자산 20,438 20,673 21,793 21,955 0.7% 조정 총자본 2,954 3,130 3,346 3,552 6.2% 7.2X 6.6X 6.6X 6.5X 2012 2013 2014 1H15 14.5% 15.1% 15.4% 16.2% 2012 2013 2014 1H15
  9. 9. 8 차입 차입 현황 자산부채만기 현황 2014 1H15 총 차입액 5,893 3,317 회사채 3,353 1,957 국내 2,510 1,511 해외 843 446 ABS 600 400 CP, 은행대출 1,940 960 (단위: 십억원) 차입포트폴리오 가이드라인 • 장기비중: 60% 이상 • 상품별비중: ABS <20%, CP <10% • 자산부채만기: 100% 이상 국내채권 56.1% 해외채권 22.0% 국내ABS 9.3% 해외ABS 3.9% 은행대출 7.2% CP 및 전단채 1.5% 2014 1H15 2.0년 2.0년 1.9년 2.0년 148.0% 142.0% 132.0% 139.2% 2012 2013 2014 1H15 부채 만기 ALM 비율 국내채권 52.0%해외채권 26.2% 국내ABS 7.6% 해외ABS 5.3% 은행대출 7.8% CP 및 전단채 1.1% 17.8조원 17.8조원
  10. 10. 9 유동성 유동성 보유현황 단기차입금 Coverage Contingency framework 운영 • 위기감지 후 신속한 의사결정 및 대응 시스템 구축 • 주요 시장 지표 일일 모니터링 실시 (단위: 십억원) (단위: 십억원) 유동성 관리 방안 • 바젤 III의 Liquidity coverage ratio 기준 충족 • Credit line 제공 기관 및 만기 다변화 1,100 1,304 1,375 1,210 2,480 2,345 2,524 2,894 3,580 3,649 3,899 4,104 2012 2013 2014 1H15 현금 Credit line 5,176 4,953 5,790 4,889 69.2% 73.7% 67.3% 83.9% 2012 2013 2014 1H15 단기차입금 단기차입금 coverage
  11. 11. 10 해외사업 해외 금융법인 현황 진출국가 (법인명) 설립일 지분구조 금융자산 (현지통화) (HCA) 1989.9 HMA 80% KMA 20% 28.7조원 (USD 25.5bn) (HCUK) 2012.2 HCS 29.99% HMUK 10% KMUK 10% SCUK 50.01% 2.2조원 (GBP 1.3mn) (BHAF) 2012.6 HCS 46% HMC 14% BAI 40% 2.5조원 (CNY 13.7bn) (HCCA) 2014.4 HMC 60% KMC 40% 2,160억원 (CAD 238mn) 금융자산 성장 (단위: 조원) CAGR=36% ① 2015년 6월말 환율 적용 ① 5 9 14 19 24 31 34 '09 '10 '11 '12 '13 '14 1H15
  12. 12. 11 참고 개인리스 출시 인증중고차 전시장 오픈 자동차금융 Value chain 강화 • 체계적으로 관리된 리스 반납차량 활용 • 차량 잔가 효율적 관리 소유에 대한 의식변화 주도 • 신차 판매 증가 및 차량교체주기 단축 • 적은 월 불입금으로 관리가 용이한 차량 이용
  13. 13. Further Information IR Homepage: http://ir.hyundaicapital.com IR email address: irhcs@hyundaicapital.com

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