SlideShare une entreprise Scribd logo
1  sur  12
Télécharger pour lire hors ligne
Hyundai Card Corporation 
IR Presentation (3Q 2014)
Disclaimer 
These presentation materials have been prepared by Hyundai Card Corporation, Inc. (“HCC 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. 
The contents of this presentation 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.
Special Agenda I – Enhanced Profit 
Income Statement (KRW Bn) 
2012 2013 9M 13 9M 14 YoY 
Op Revenues* 2,469 2,515 1,862 1,906 2.3% 
Op Expenses * 2,232 2,295 1,699 1,644 -3.2% 
Product/Service 
Expense 560 566 423 379 -10.4% 
Operating Income 237 220 171 269 57.4% 
Net Income 194 163 127 205 61.3% 
ROA 
2.6% 
2.0% 1.7% 
0.02774518 
2011 2012 2013 9M14 
 Increase in operating revenues 
- Installment sales volume normalized 
- Interest income Increased from finance product 
sales increase 
 Decrease in operating expenses 
- Decrease in product/service expenses 
 Result of Chapter 2 linked to profit enhancement 
 Continue Optimizing cost efficiency (Chapter 2) 
 Accrue more members to broaden profit base 
3 
Key Highlights 
Forecast and Strategy 
* excl. FX effect
Card Usage* Key Highlights 
74% 
83% 
+ 9% 
Ch 1 Ch 2 
% of New Members with Spending > KRW 500K** 
38% 
51% 
+ 13% 
Ch 1 Ch 2 
*# members with at least one transaction per month / # eligible card holder 
**based 3 MOB of new members acquired through the offline channel, excluding no transaction members 
 Achieving customer portfolio with actual users 
- Differentiate rewards based on loyalty 
 New members quality enhanced 
- High spending customer focused 
Forecast and Strategy 
 Expand M-point accepted merchants to expand 
customer’s variety of point spending choice 
 Establish “Farming” customer mgnt. framework to 
provide customized offers for generate steady profit 
4 
Special Agenda II – Enhanced Customer Portfolio with Chapter2
HCC Media Exposure 
Awarded for Ethical Business Management: 
Hyundai Card 
HCC (CEO: Ted Chung) has been renounced as the 22nd winner of the 
“Most ethically managed company” by the Korean Association of 
the business Ethics on October 14th… 
HCC has “3 no-tolerance policy” for customer information 
protection, clear business transaction, and collusion” that the 
company has internal/external auditing system empowered to 
investigate the wrong-doings of the personnel as high as CEO. 
The company also has more than 10 initiatives, including compliance 
training, external hotline, cyber auditing unit and etc… 
Executive VP Hwang said, “the company’s core value of business 
ethics is closely related to the survival, and our endeavors to keep 
such value has been recognized. We’ll continue to reinforce the 
ethical business management.” 
Source: 2014-11-14 FN Times 
Changing the rule in credit card with ‘Simple’ 
Ted chung , CEO of HCC, has made a serious statement that 
“Simplification is the key targets for the year 2014. I will be leading 
the task.” The concept is to eliminate inefficient “extras” to be 
able to focus on the core. 
Ever since, the company is undergoing the ‘simplification’ 
companywide. The intranet is flooded with over 13 thousand ideas in 
just two months and turned into the new systems. For example, a 
customer handling department used to write about 15 thousand 
notes to able to access the phone recordings, yet it’s been 
simplified by giving multi-level permissions to the limited party of 
the employees… 
The top result came from the simplification of the product portfolio. 
The “Chapter 2” launched in July last year simplifies the benefits of 
the card products into either ‘point’ or ‘cashback’… The result is 
the 64% increased net income of KRW 137 Bn, compared to the same 
period last year… 
Source: 2014-10-17 Korea Economy News 
5
Asset and Market Share 
Asset Portfolio (KRW Tn) 
Lump Sum Installment CA CL Others 
9.6 9.9 9.9 10.2 
2.0 2.3 2.6 3.0 
1.0 0.9 0.8 0.9 
2.4 2.2 2.1 2.2 
Market Share 
Total Credit* (Credit*+ Finance) 
15.5% 15.5% 
14.5% 14.2% 
14.3% 14.5% 
13.8% 13.8% 
2011 2012 2013 9M14 
* retail spending only 
Source: FISIS 
 Profitability/Stability balance with credit purchase 
centered portfolio 
- Lump sum + Installment: 61.8% 
 Increased proportion of finance to enhance 
profitability 
- Mainly increased with card loans, for lower risk 
 Maintained 3rd in market share 
 Qualitative growth by stronger customer 
management based on Chapter 2 
 Increase finance proportion within total risk 
management limit 
6 
Key Highlights 
Forecast and Strategy 
4.1 4.4 4.3 4.1 
2011 2012 2013 3Q14
Asset Quality and Reserve 
30+ Delinquency Ratio 
0.6% 0.7% 0.8% 0.9% 
2011 2012 2013 3Q14 
2011 2012 2013 3Q14 
Total Reserve* 378 544 594 649 
FSS Coverage** 199.1% 157.1% 144.0% 138.0% 
 Delinquency under 1% maintained 
- Slight increase with increase of finance 
product volume vs. 2013, yet maintained at 
0.9% since 1Q14 
 Increased total reserve 
- FSS Coverage about 142% 
 Maintain stability/profitability balance with total 
risk management 
 Maintain conservative reserve policy 
7 
Key Highlights 
Forecast and Strategy 
Reserve (KRW Bn) 
* Reserve under IFRS + supplemental reserve 
** Total Reserve / FSS Requirement
Capital Structure 
5.4x 5.1x 5.0x 4.8x 
2011 2012 2013 3Q14 
* Since 2013, previous quarter’s equity have been used for calculation. 
** Separated Financial Statement 
Capital Adequacy Ratio 
19.6% 18.7% 19.4% 
20.5% 
2011 2012 2013 3Q14 
 Increased capital from retained earning 
- Leverage decreased despite the asset increase 
- FSS regulation enforced since 2012: under 6X 
 Manage leverage within FSS regulation 
 Dividend in compliance with regulation 
8 
Key Highlights 
Forecast and Strategy 
Leverage (KRW Bn) 
Total Asset / Total Equity* 
* FSS guideline: 7% 
** Separated Financial Statement
Funding 
Funding Portfolio by Product 
Loan 
2.7% 
• Total Balance: 7.5 Tn 
• % Long Term : 72.7% 
 Strategic Funding based on the market 
condition 
- Bond proportion increased to leverage spread 
tightening 
- Reinforced monthly funding balance with CP 
 Diversification in currency 
- Overseas ABS 290 USD Mn (2Q) 
 Product mix guidelines : ABS < 20%, CP < 10% 
 % of Long-term debt guideline > 60% 
9 
Key Highlights 
Forecast and Strategy 
Domestic 
Bond 
85.5% 
CP 1.7% 
ABS 
10.1%
Liquidity Position 
Liquidity Profile (KRW Bn) 
79.0% 65.5% 
87.5% 80.0% 
1,584 1,514 1,646 1,635 
841 824 866 620 
743 690 780 1,015 
2011 2012 2013 3Q14 
Debt Maturity (KRW Bn) 
 Reinforced liquidity guideline under new stress 
test model 
 More cash for stronger liquidity position 
(replacing Credit Line) 
 Early warning detection by monitoring daily 
market indicators 
 ALM based funding: Only 27% of total debt 
maturing within 1 year 
 Debt maturity > Asset maturity : maintain ALM 
over 100% 
 Maintain short-term debt coverage over 60% 
10 
Key Highlights 
Forecast and Strategy 
Cash Credit Line Short-term debt Coverage Ratio* 
* Short-term debt Coverage Ratio 
= (Cash + Unused credit line)/ short-term debt under 1 yr. 
14.7% 12.7% 
7.2% 17,000 17,315 14,610 
5,400 
11,000 9,530 
22.7% 23.1% 
19.5% 
4Q14 1H15 2H15 2016 2017 2018~
[Appendix] Fact Sheet - HCC 
(KRW Bn, %) 2008 2009 2010 2011 2012 2013 9M13 9M14 
Market 
Share 
Retail Credit 13.8% 15.7% 15.7% 15.5% 15.5% 14.5% 14.6% 14.2% 
Retail Credit + Finance 11.2% 13.1% 14.1% 14.3% 14.5% 13.9% 13.9% 13.8% 
Asset Portfolio 
Total 5,616 7,136 9,186 9,563 9,898 9,947 9,431 10,967 
Lump Sum + Installment 72.9% 74.3% 65.7% 68.1% 66.7% 64.3% 63.5% 61.8% 
Finance 27.1% 25.7% 34.3% 31.7% 32.9% 35.1% 35.9% 37.4% 
Other 0.0% 0.0% 0.1% 0.2% 0.4% 0.6% 0.6% 0.7% 
Asset Quality 
Below Precautionary 0.7% 0.4% 0.5% 0.7% 3.5% 4.5% 4.0% 4.9% 
NPL 0.1% 0.1% 0.1% 0.1% 0.2% 0.4% 0.3% 0.5% 
30+ delinquency 0.7% 0.3% 0.4% 0.6% 0.7% 0.8% 0.8% 0.9% 
FSS Coverage 143.3% 123.9% 127.7% 199.1% 157.1% 144.0% 146.0% 138.0% 
Profit Operating Income 258 286 379 324 237 220 171 269 
Capital Adequacy 
Capital Adequacy Ratio 23.6% 22.5% 18.7% 19.6% 18.7% 19.4% 20.8% 20.5% 
Asset Leverage 4.6X 4.9X 6.0X 5.4X 5.1X 4.9X 4.7X 4.8X 
Funding Portfolio 
Total 3,980 5,165 7,197 7,068 7,073 7,243 6,733 7,485 
Bond /Loan 67.6% 74.8% 83.6% 86.7% 82.4% 89.7% 85.8% 88.2% 
CP 14.1% 11.0% 9.1% 6.9% 4.9% - 0.9% 1.7 
ABS 18.3% 14.1% 7.2% 6.3% 12.7% 10.3% 13.3% 10.1% 
Short-term Coverage 32.7% 18.6% 36.7% 79.0% 65.5% 87.5% 81.5% 80.0% 
ALM 
ALM Ratio 90.2% 120.9% 132.5% 149.0% 133.4% 158.7% 138.7% 145.4% 
Asset maturity (Y) 1.50 1.43 1.38 1.39 1.37 1.34 1.38 1.38 
Debt maturity (Y) 1.35 1.73 1.83 2.07 1.82 2.12 1.91 2.01 
11 
* Based on separate BSPL
Contacts 
IR Homepage : http://ir.hyundaicard.com 
IR email address : irhcc@hyundaicard.com 
12

Contenu connexe

Tendances

“RBI Monetary Policy Analysis : Leaving no stone unturned “
“RBI Monetary Policy Analysis : Leaving no stone unturned ““RBI Monetary Policy Analysis : Leaving no stone unturned “
“RBI Monetary Policy Analysis : Leaving no stone unturned “iciciprumf
 
2 q17 hcc_presentation_eng_web_vf
2 q17 hcc_presentation_eng_web_vf2 q17 hcc_presentation_eng_web_vf
2 q17 hcc_presentation_eng_web_vfHyundai Finance
 
Transaction presentation
Transaction presentationTransaction presentation
Transaction presentationPranav Rao
 
Reserve Bank Response to COVID-19 Pandemic
Reserve Bank Response to COVID-19 PandemicReserve Bank Response to COVID-19 Pandemic
Reserve Bank Response to COVID-19 PandemicSumedha Fiscal
 
Hyundai card ir material (fy 2016 1 q) en
Hyundai card ir material (fy 2016 1 q) enHyundai card ir material (fy 2016 1 q) en
Hyundai card ir material (fy 2016 1 q) enHyundai Finance
 
Notes to accounts final
Notes to accounts finalNotes to accounts final
Notes to accounts finalSandeep Sharma
 
Q2FY15: Hold Federal Bank for a target of Rs156 - Sushil Finance
Q2FY15: Hold Federal Bank for a target of Rs156 - Sushil FinanceQ2FY15: Hold Federal Bank for a target of Rs156 - Sushil Finance
Q2FY15: Hold Federal Bank for a target of Rs156 - Sushil FinanceIndiaNotes.com
 
Ease of doing business challenges persisting
Ease of doing business challenges persistingEase of doing business challenges persisting
Ease of doing business challenges persistingNeha Sharma
 
Indian Banking entering the new era of Basil III and Financial Inclusion
Indian Banking entering the new era of Basil III and Financial InclusionIndian Banking entering the new era of Basil III and Financial Inclusion
Indian Banking entering the new era of Basil III and Financial InclusionAnmol Narang
 
Model Portfolio Series IV 10th August 2012
Model Portfolio Series IV 10th August 2012Model Portfolio Series IV 10th August 2012
Model Portfolio Series IV 10th August 2012BMA Wealth Creators
 

Tendances (20)

Non Performing Asset (NPA)
Non Performing Asset (NPA)Non Performing Asset (NPA)
Non Performing Asset (NPA)
 
Hcc 1 q13_ir_eng
Hcc 1 q13_ir_engHcc 1 q13_ir_eng
Hcc 1 q13_ir_eng
 
2018 1 q en
2018 1 q en2018 1 q en
2018 1 q en
 
“RBI Monetary Policy Analysis : Leaving no stone unturned “
“RBI Monetary Policy Analysis : Leaving no stone unturned ““RBI Monetary Policy Analysis : Leaving no stone unturned “
“RBI Monetary Policy Analysis : Leaving no stone unturned “
 
2 q17 hcc_presentation_eng_web_vf
2 q17 hcc_presentation_eng_web_vf2 q17 hcc_presentation_eng_web_vf
2 q17 hcc_presentation_eng_web_vf
 
Transaction presentation
Transaction presentationTransaction presentation
Transaction presentation
 
BHAFIN 1QFY18
BHAFIN 1QFY18BHAFIN 1QFY18
BHAFIN 1QFY18
 
Reserve Bank Response to COVID-19 Pandemic
Reserve Bank Response to COVID-19 PandemicReserve Bank Response to COVID-19 Pandemic
Reserve Bank Response to COVID-19 Pandemic
 
Hyundai card ir material (fy 2016 1 q) en
Hyundai card ir material (fy 2016 1 q) enHyundai card ir material (fy 2016 1 q) en
Hyundai card ir material (fy 2016 1 q) en
 
research report
research reportresearch report
research report
 
Notes to accounts final
Notes to accounts finalNotes to accounts final
Notes to accounts final
 
Ir hci 1 q14_eng_f
Ir hci 1 q14_eng_fIr hci 1 q14_eng_f
Ir hci 1 q14_eng_f
 
research report
research reportresearch report
research report
 
Q2FY15: Hold Federal Bank for a target of Rs156 - Sushil Finance
Q2FY15: Hold Federal Bank for a target of Rs156 - Sushil FinanceQ2FY15: Hold Federal Bank for a target of Rs156 - Sushil Finance
Q2FY15: Hold Federal Bank for a target of Rs156 - Sushil Finance
 
Ease of doing business challenges persisting
Ease of doing business challenges persistingEase of doing business challenges persisting
Ease of doing business challenges persisting
 
research report
research reportresearch report
research report
 
research report
research reportresearch report
research report
 
Hcs e
Hcs eHcs e
Hcs e
 
Indian Banking entering the new era of Basil III and Financial Inclusion
Indian Banking entering the new era of Basil III and Financial InclusionIndian Banking entering the new era of Basil III and Financial Inclusion
Indian Banking entering the new era of Basil III and Financial Inclusion
 
Model Portfolio Series IV 10th August 2012
Model Portfolio Series IV 10th August 2012Model Portfolio Series IV 10th August 2012
Model Portfolio Series IV 10th August 2012
 

En vedette

2013년 3분기 검토보고서 ko
2013년 3분기 검토보고서 ko2013년 3분기 검토보고서 ko
2013년 3분기 검토보고서 koHyundai Finance
 
2014년 3분기 검토보고서 ko.pdf 카드
2014년 3분기 검토보고서 ko.pdf 카드2014년 3분기 검토보고서 ko.pdf 카드
2014년 3분기 검토보고서 ko.pdf 카드Hyundai Finance
 
Hyundai card ir material (fy 2014 3 q) en
Hyundai card ir material (fy 2014 3 q) enHyundai card ir material (fy 2014 3 q) en
Hyundai card ir material (fy 2014 3 q) enHyundai Finance
 
캐피탈 일문보고서
캐피탈 일문보고서캐피탈 일문보고서
캐피탈 일문보고서Hyundai Finance
 
2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 en2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 enHyundai Finance
 
현대캐피탈 2011년 2분기 검토 보고서
현대캐피탈 2011년 2분기 검토 보고서현대캐피탈 2011년 2분기 검토 보고서
현대캐피탈 2011년 2분기 검토 보고서Hyundai Finance
 
2014년 1분기 ir 자료 en
2014년 1분기 ir 자료 en2014년 1분기 ir 자료 en
2014년 1분기 ir 자료 enHyundai Finance
 
2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 en2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 enHyundai Finance
 
현대커머셜 2011년 3분기 검토보고서
현대커머셜 2011년 3분기 검토보고서현대커머셜 2011년 3분기 검토보고서
현대커머셜 2011년 3분기 검토보고서Hyundai Finance
 
현대커머셜 2011년 3분기 IR자료 국문
현대커머셜 2011년 3분기 IR자료 국문현대커머셜 2011년 3분기 IR자료 국문
현대커머셜 2011년 3분기 IR자료 국문Hyundai Finance
 

En vedette (20)

2013년 3분기 검토보고서 ko
2013년 3분기 검토보고서 ko2013년 3분기 검토보고서 ko
2013년 3분기 검토보고서 ko
 
2014년 3분기 검토보고서 ko.pdf 카드
2014년 3분기 검토보고서 ko.pdf 카드2014년 3분기 검토보고서 ko.pdf 카드
2014년 3분기 검토보고서 ko.pdf 카드
 
Hyundai card ir material (fy 2014 3 q) en
Hyundai card ir material (fy 2014 3 q) enHyundai card ir material (fy 2014 3 q) en
Hyundai card ir material (fy 2014 3 q) en
 
캐피탈 일문보고서
캐피탈 일문보고서캐피탈 일문보고서
캐피탈 일문보고서
 
1Q15_hcs_ko
1Q15_hcs_ko1Q15_hcs_ko
1Q15_hcs_ko
 
Hcs jpn 4_q
Hcs jpn 4_qHcs jpn 4_q
Hcs jpn 4_q
 
Hci eng image
Hci eng imageHci eng image
Hci eng image
 
2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 en2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 en
 
현대캐피탈 2011년 2분기 검토 보고서
현대캐피탈 2011년 2분기 검토 보고서현대캐피탈 2011년 2분기 검토 보고서
현대캐피탈 2011년 2분기 검토 보고서
 
Hcs 국문
Hcs 국문Hcs 국문
Hcs 국문
 
2014년 1분기 ir 자료 en
2014년 1분기 ir 자료 en2014년 1분기 ir 자료 en
2014년 1분기 ir 자료 en
 
Hcc 1 q13_ir_jap_review
Hcc 1 q13_ir_jap_reviewHcc 1 q13_ir_jap_review
Hcc 1 q13_ir_jap_review
 
1 h13 hcs_ir eng
1 h13 hcs_ir eng1 h13 hcs_ir eng
1 h13 hcs_ir eng
 
Vineland Seminar On Consumer Insight Dept
Vineland Seminar On Consumer Insight DeptVineland Seminar On Consumer Insight Dept
Vineland Seminar On Consumer Insight Dept
 
2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 en2013년 3분기 검토보고서 en
2013년 3분기 검토보고서 en
 
현대커머셜 2011년 3분기 검토보고서
현대커머셜 2011년 3분기 검토보고서현대커머셜 2011년 3분기 검토보고서
현대커머셜 2011년 3분기 검토보고서
 
IHC 2010 Mindsets For Buying Organic And Local
IHC 2010  Mindsets For Buying Organic And LocalIHC 2010  Mindsets For Buying Organic And Local
IHC 2010 Mindsets For Buying Organic And Local
 
커머셜 3 q13 검토
커머셜 3 q13 검토커머셜 3 q13 검토
커머셜 3 q13 검토
 
Hcc jpn 4_q
Hcc jpn 4_qHcc jpn 4_q
Hcc jpn 4_q
 
현대커머셜 2011년 3분기 IR자료 국문
현대커머셜 2011년 3분기 IR자료 국문현대커머셜 2011년 3분기 IR자료 국문
현대커머셜 2011년 3분기 IR자료 국문
 

Similaire à 현대카드 Ir 자료 (2014 3 q) en

Similaire à 현대카드 Ir 자료 (2014 3 q) en (20)

20151 q hcc_en
20151 q hcc_en20151 q hcc_en
20151 q hcc_en
 
Hci실적발표 3 q14_eng
Hci실적발표 3 q14_engHci실적발표 3 q14_eng
Hci실적발표 3 q14_eng
 
Hci실적발표 1 h14(최종)_eng
Hci실적발표 1 h14(최종)_engHci실적발표 1 h14(최종)_eng
Hci실적발표 1 h14(최종)_eng
 
카드 2016년 3분기 en
카드 2016년 3분기 en카드 2016년 3분기 en
카드 2016년 3분기 en
 
현대카드 Ir 자료 (2016 2 q) en
현대카드 Ir 자료 (2016 2 q) en현대카드 Ir 자료 (2016 2 q) en
현대카드 Ir 자료 (2016 2 q) en
 
1 h15 hcc_presentation_eng_v4
1 h15 hcc_presentation_eng_v41 h15 hcc_presentation_eng_v4
1 h15 hcc_presentation_eng_v4
 
Ir hcc hp_2015_q2_eng
Ir hcc hp_2015_q2_engIr hcc hp_2015_q2_eng
Ir hcc hp_2015_q2_eng
 
카드 영문 수정본
카드 영문 수정본카드 영문 수정본
카드 영문 수정본
 
2018 hcc 1_h18
2018 hcc 1_h182018 hcc 1_h18
2018 hcc 1_h18
 
현대카드 Ir 자료 (2016 2 q) jp
현대카드 Ir 자료 (2016 2 q) jp현대카드 Ir 자료 (2016 2 q) jp
현대카드 Ir 자료 (2016 2 q) jp
 
Ir material 1 q2015_en
Ir material 1 q2015_enIr material 1 q2015_en
Ir material 1 q2015_en
 
커머셜Ir 양영문
커머셜Ir 양영문커머셜Ir 양영문
커머셜Ir 양영문
 
커머셜 영문
커머셜 영문커머셜 영문
커머셜 영문
 
3q17 hcc eng
3q17 hcc eng3q17 hcc eng
3q17 hcc eng
 
20152 q캐피탈영문
20152 q캐피탈영문20152 q캐피탈영문
20152 q캐피탈영문
 
현대카드 영문
현대카드 영문현대카드 영문
현대카드 영문
 
카드 영문
카드 영문카드 영문
카드 영문
 
Hyundai card ir material (fy 2016 1 q) en
Hyundai card ir material (fy 2016 1 q) enHyundai card ir material (fy 2016 1 q) en
Hyundai card ir material (fy 2016 1 q) en
 
2013 hci eng
2013 hci eng2013 hci eng
2013 hci eng
 
캐피탈3분기 영문
캐피탈3분기 영문캐피탈3분기 영문
캐피탈3분기 영문
 

Plus de Hyundai Finance

Hcs q3 2020_consol_final
Hcs q3 2020_consol_finalHcs q3 2020_consol_final
Hcs q3 2020_consol_finalHyundai Finance
 
Hyundai card con_2020_3_q
Hyundai card con_2020_3_qHyundai card con_2020_3_q
Hyundai card con_2020_3_qHyundai Finance
 
Hyundai card con_2020_3_q
Hyundai card con_2020_3_qHyundai card con_2020_3_q
Hyundai card con_2020_3_qHyundai Finance
 
3 q20 hcs_presentation_web_jp_201123.vf
3 q20 hcs_presentation_web_jp_201123.vf3 q20 hcs_presentation_web_jp_201123.vf
3 q20 hcs_presentation_web_jp_201123.vfHyundai Finance
 
Hcc fy2020 q3 (consol)_fin_signed
Hcc fy2020 q3 (consol)_fin_signedHcc fy2020 q3 (consol)_fin_signed
Hcc fy2020 q3 (consol)_fin_signedHyundai Finance
 
3 q20 hcc_presentation_web_eng_f2
3 q20 hcc_presentation_web_eng_f23 q20 hcc_presentation_web_eng_f2
3 q20 hcc_presentation_web_eng_f2Hyundai Finance
 
3 q20 hcc_presentation_web_kor_f2
3 q20 hcc_presentation_web_kor_f23 q20 hcc_presentation_web_kor_f2
3 q20 hcc_presentation_web_kor_f2Hyundai Finance
 
Hcs fy2020 q3 (consol)_fin_signed
Hcs fy2020 q3 (consol)_fin_signedHcs fy2020 q3 (consol)_fin_signed
Hcs fy2020 q3 (consol)_fin_signedHyundai Finance
 
3 q20 hcs_presentation_web_en_201118.vf
3 q20 hcs_presentation_web_en_201118.vf3 q20 hcs_presentation_web_en_201118.vf
3 q20 hcs_presentation_web_en_201118.vfHyundai Finance
 
3 q20 hcs_presentation_web_kor_201118.vf
3 q20 hcs_presentation_web_kor_201118.vf3 q20 hcs_presentation_web_kor_201118.vf
3 q20 hcs_presentation_web_kor_201118.vfHyundai Finance
 
2020 hcs cny green bond assurance report
2020 hcs cny green bond assurance report2020 hcs cny green bond assurance report
2020 hcs cny green bond assurance reportHyundai Finance
 
Hyundai card (con) 2020_2_q_0902
Hyundai card (con) 2020_2_q_0902Hyundai card (con) 2020_2_q_0902
Hyundai card (con) 2020_2_q_0902Hyundai Finance
 
2020 hcs presentation_web_kor_200818.v4_jp
2020 hcs presentation_web_kor_200818.v4_jp2020 hcs presentation_web_kor_200818.v4_jp
2020 hcs presentation_web_kor_200818.v4_jpHyundai Finance
 

Plus de Hyundai Finance (20)

4 q20 ir hcc
4 q20 ir hcc4 q20 ir hcc
4 q20 ir hcc
 
20년3분기 KOR
20년3분기 KOR20년3분기 KOR
20년3분기 KOR
 
20년 3분기_EN
20년 3분기_EN20년 3분기_EN
20년 3분기_EN
 
Hcs q3 2020_consol_final
Hcs q3 2020_consol_finalHcs q3 2020_consol_final
Hcs q3 2020_consol_final
 
Hyundai card con_2020_3_q
Hyundai card con_2020_3_qHyundai card con_2020_3_q
Hyundai card con_2020_3_q
 
Hyundai card con_2020_3_q
Hyundai card con_2020_3_qHyundai card con_2020_3_q
Hyundai card con_2020_3_q
 
3 q20 hcs_presentation_web_jp_201123.vf
3 q20 hcs_presentation_web_jp_201123.vf3 q20 hcs_presentation_web_jp_201123.vf
3 q20 hcs_presentation_web_jp_201123.vf
 
Hcc fy2020 q3 (consol)_fin_signed
Hcc fy2020 q3 (consol)_fin_signedHcc fy2020 q3 (consol)_fin_signed
Hcc fy2020 q3 (consol)_fin_signed
 
3 q20 hcc_presentation_web_eng_f2
3 q20 hcc_presentation_web_eng_f23 q20 hcc_presentation_web_eng_f2
3 q20 hcc_presentation_web_eng_f2
 
3 q20 hcc_presentation_web_kor_f2
3 q20 hcc_presentation_web_kor_f23 q20 hcc_presentation_web_kor_f2
3 q20 hcc_presentation_web_kor_f2
 
Hcs fy2020 q3 (consol)_fin_signed
Hcs fy2020 q3 (consol)_fin_signedHcs fy2020 q3 (consol)_fin_signed
Hcs fy2020 q3 (consol)_fin_signed
 
3 q20 hcs_presentation_web_en_201118.vf
3 q20 hcs_presentation_web_en_201118.vf3 q20 hcs_presentation_web_en_201118.vf
3 q20 hcs_presentation_web_en_201118.vf
 
3 q20 hcs_presentation_web_kor_201118.vf
3 q20 hcs_presentation_web_kor_201118.vf3 q20 hcs_presentation_web_kor_201118.vf
3 q20 hcs_presentation_web_kor_201118.vf
 
2020 hcs cny green bond assurance report
2020 hcs cny green bond assurance report2020 hcs cny green bond assurance report
2020 hcs cny green bond assurance report
 
Green bond framework
Green bond frameworkGreen bond framework
Green bond framework
 
Green bond report
Green bond reportGreen bond report
Green bond report
 
Hyundai card (con) 2020_2_q_0902
Hyundai card (con) 2020_2_q_0902Hyundai card (con) 2020_2_q_0902
Hyundai card (con) 2020_2_q_0902
 
Hcs 2 q_2020_consol_
Hcs 2 q_2020_consol_Hcs 2 q_2020_consol_
Hcs 2 q_2020_consol_
 
Hcc kr
Hcc krHcc kr
Hcc kr
 
2020 hcs presentation_web_kor_200818.v4_jp
2020 hcs presentation_web_kor_200818.v4_jp2020 hcs presentation_web_kor_200818.v4_jp
2020 hcs presentation_web_kor_200818.v4_jp
 

현대카드 Ir 자료 (2014 3 q) en

  • 1. Hyundai Card Corporation IR Presentation (3Q 2014)
  • 2. Disclaimer These presentation materials have been prepared by Hyundai Card Corporation, Inc. (“HCC 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. The contents of this presentation 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.
  • 3. Special Agenda I – Enhanced Profit Income Statement (KRW Bn) 2012 2013 9M 13 9M 14 YoY Op Revenues* 2,469 2,515 1,862 1,906 2.3% Op Expenses * 2,232 2,295 1,699 1,644 -3.2% Product/Service Expense 560 566 423 379 -10.4% Operating Income 237 220 171 269 57.4% Net Income 194 163 127 205 61.3% ROA 2.6% 2.0% 1.7% 0.02774518 2011 2012 2013 9M14  Increase in operating revenues - Installment sales volume normalized - Interest income Increased from finance product sales increase  Decrease in operating expenses - Decrease in product/service expenses  Result of Chapter 2 linked to profit enhancement  Continue Optimizing cost efficiency (Chapter 2)  Accrue more members to broaden profit base 3 Key Highlights Forecast and Strategy * excl. FX effect
  • 4. Card Usage* Key Highlights 74% 83% + 9% Ch 1 Ch 2 % of New Members with Spending > KRW 500K** 38% 51% + 13% Ch 1 Ch 2 *# members with at least one transaction per month / # eligible card holder **based 3 MOB of new members acquired through the offline channel, excluding no transaction members  Achieving customer portfolio with actual users - Differentiate rewards based on loyalty  New members quality enhanced - High spending customer focused Forecast and Strategy  Expand M-point accepted merchants to expand customer’s variety of point spending choice  Establish “Farming” customer mgnt. framework to provide customized offers for generate steady profit 4 Special Agenda II – Enhanced Customer Portfolio with Chapter2
  • 5. HCC Media Exposure Awarded for Ethical Business Management: Hyundai Card HCC (CEO: Ted Chung) has been renounced as the 22nd winner of the “Most ethically managed company” by the Korean Association of the business Ethics on October 14th… HCC has “3 no-tolerance policy” for customer information protection, clear business transaction, and collusion” that the company has internal/external auditing system empowered to investigate the wrong-doings of the personnel as high as CEO. The company also has more than 10 initiatives, including compliance training, external hotline, cyber auditing unit and etc… Executive VP Hwang said, “the company’s core value of business ethics is closely related to the survival, and our endeavors to keep such value has been recognized. We’ll continue to reinforce the ethical business management.” Source: 2014-11-14 FN Times Changing the rule in credit card with ‘Simple’ Ted chung , CEO of HCC, has made a serious statement that “Simplification is the key targets for the year 2014. I will be leading the task.” The concept is to eliminate inefficient “extras” to be able to focus on the core. Ever since, the company is undergoing the ‘simplification’ companywide. The intranet is flooded with over 13 thousand ideas in just two months and turned into the new systems. For example, a customer handling department used to write about 15 thousand notes to able to access the phone recordings, yet it’s been simplified by giving multi-level permissions to the limited party of the employees… The top result came from the simplification of the product portfolio. The “Chapter 2” launched in July last year simplifies the benefits of the card products into either ‘point’ or ‘cashback’… The result is the 64% increased net income of KRW 137 Bn, compared to the same period last year… Source: 2014-10-17 Korea Economy News 5
  • 6. Asset and Market Share Asset Portfolio (KRW Tn) Lump Sum Installment CA CL Others 9.6 9.9 9.9 10.2 2.0 2.3 2.6 3.0 1.0 0.9 0.8 0.9 2.4 2.2 2.1 2.2 Market Share Total Credit* (Credit*+ Finance) 15.5% 15.5% 14.5% 14.2% 14.3% 14.5% 13.8% 13.8% 2011 2012 2013 9M14 * retail spending only Source: FISIS  Profitability/Stability balance with credit purchase centered portfolio - Lump sum + Installment: 61.8%  Increased proportion of finance to enhance profitability - Mainly increased with card loans, for lower risk  Maintained 3rd in market share  Qualitative growth by stronger customer management based on Chapter 2  Increase finance proportion within total risk management limit 6 Key Highlights Forecast and Strategy 4.1 4.4 4.3 4.1 2011 2012 2013 3Q14
  • 7. Asset Quality and Reserve 30+ Delinquency Ratio 0.6% 0.7% 0.8% 0.9% 2011 2012 2013 3Q14 2011 2012 2013 3Q14 Total Reserve* 378 544 594 649 FSS Coverage** 199.1% 157.1% 144.0% 138.0%  Delinquency under 1% maintained - Slight increase with increase of finance product volume vs. 2013, yet maintained at 0.9% since 1Q14  Increased total reserve - FSS Coverage about 142%  Maintain stability/profitability balance with total risk management  Maintain conservative reserve policy 7 Key Highlights Forecast and Strategy Reserve (KRW Bn) * Reserve under IFRS + supplemental reserve ** Total Reserve / FSS Requirement
  • 8. Capital Structure 5.4x 5.1x 5.0x 4.8x 2011 2012 2013 3Q14 * Since 2013, previous quarter’s equity have been used for calculation. ** Separated Financial Statement Capital Adequacy Ratio 19.6% 18.7% 19.4% 20.5% 2011 2012 2013 3Q14  Increased capital from retained earning - Leverage decreased despite the asset increase - FSS regulation enforced since 2012: under 6X  Manage leverage within FSS regulation  Dividend in compliance with regulation 8 Key Highlights Forecast and Strategy Leverage (KRW Bn) Total Asset / Total Equity* * FSS guideline: 7% ** Separated Financial Statement
  • 9. Funding Funding Portfolio by Product Loan 2.7% • Total Balance: 7.5 Tn • % Long Term : 72.7%  Strategic Funding based on the market condition - Bond proportion increased to leverage spread tightening - Reinforced monthly funding balance with CP  Diversification in currency - Overseas ABS 290 USD Mn (2Q)  Product mix guidelines : ABS < 20%, CP < 10%  % of Long-term debt guideline > 60% 9 Key Highlights Forecast and Strategy Domestic Bond 85.5% CP 1.7% ABS 10.1%
  • 10. Liquidity Position Liquidity Profile (KRW Bn) 79.0% 65.5% 87.5% 80.0% 1,584 1,514 1,646 1,635 841 824 866 620 743 690 780 1,015 2011 2012 2013 3Q14 Debt Maturity (KRW Bn)  Reinforced liquidity guideline under new stress test model  More cash for stronger liquidity position (replacing Credit Line)  Early warning detection by monitoring daily market indicators  ALM based funding: Only 27% of total debt maturing within 1 year  Debt maturity > Asset maturity : maintain ALM over 100%  Maintain short-term debt coverage over 60% 10 Key Highlights Forecast and Strategy Cash Credit Line Short-term debt Coverage Ratio* * Short-term debt Coverage Ratio = (Cash + Unused credit line)/ short-term debt under 1 yr. 14.7% 12.7% 7.2% 17,000 17,315 14,610 5,400 11,000 9,530 22.7% 23.1% 19.5% 4Q14 1H15 2H15 2016 2017 2018~
  • 11. [Appendix] Fact Sheet - HCC (KRW Bn, %) 2008 2009 2010 2011 2012 2013 9M13 9M14 Market Share Retail Credit 13.8% 15.7% 15.7% 15.5% 15.5% 14.5% 14.6% 14.2% Retail Credit + Finance 11.2% 13.1% 14.1% 14.3% 14.5% 13.9% 13.9% 13.8% Asset Portfolio Total 5,616 7,136 9,186 9,563 9,898 9,947 9,431 10,967 Lump Sum + Installment 72.9% 74.3% 65.7% 68.1% 66.7% 64.3% 63.5% 61.8% Finance 27.1% 25.7% 34.3% 31.7% 32.9% 35.1% 35.9% 37.4% Other 0.0% 0.0% 0.1% 0.2% 0.4% 0.6% 0.6% 0.7% Asset Quality Below Precautionary 0.7% 0.4% 0.5% 0.7% 3.5% 4.5% 4.0% 4.9% NPL 0.1% 0.1% 0.1% 0.1% 0.2% 0.4% 0.3% 0.5% 30+ delinquency 0.7% 0.3% 0.4% 0.6% 0.7% 0.8% 0.8% 0.9% FSS Coverage 143.3% 123.9% 127.7% 199.1% 157.1% 144.0% 146.0% 138.0% Profit Operating Income 258 286 379 324 237 220 171 269 Capital Adequacy Capital Adequacy Ratio 23.6% 22.5% 18.7% 19.6% 18.7% 19.4% 20.8% 20.5% Asset Leverage 4.6X 4.9X 6.0X 5.4X 5.1X 4.9X 4.7X 4.8X Funding Portfolio Total 3,980 5,165 7,197 7,068 7,073 7,243 6,733 7,485 Bond /Loan 67.6% 74.8% 83.6% 86.7% 82.4% 89.7% 85.8% 88.2% CP 14.1% 11.0% 9.1% 6.9% 4.9% - 0.9% 1.7 ABS 18.3% 14.1% 7.2% 6.3% 12.7% 10.3% 13.3% 10.1% Short-term Coverage 32.7% 18.6% 36.7% 79.0% 65.5% 87.5% 81.5% 80.0% ALM ALM Ratio 90.2% 120.9% 132.5% 149.0% 133.4% 158.7% 138.7% 145.4% Asset maturity (Y) 1.50 1.43 1.38 1.39 1.37 1.34 1.38 1.38 Debt maturity (Y) 1.35 1.73 1.83 2.07 1.82 2.12 1.91 2.01 11 * Based on separate BSPL
  • 12. Contacts IR Homepage : http://ir.hyundaicard.com IR email address : irhcc@hyundaicard.com 12