1、April 24,2025Hyundai Motor CompanyQ1 2025 Business ResultsIn the presentation that follows and in related comments by Hyundai Motors management,our use of the words“expect,”“anticipate,”“project,”“estimate,”“forecast,”“objective,”“plan,”“goal,”“outlook,”“target,”“pursue”and similarexpressions is int

2、ended to identify forwardlooking statements.The financial data discussed herein are presented on a preliminary basis before the audit from our Independent Auditor;finaldata will be included in HMCs Independent auditors report.While these statements represent our current judgment on whatthe future ma

3、y hold,and we believe these judgments are reasonable,actual results may differ materially due to numerousimportant factors.Such factors include,among others,the following:changes in economic conditions,currency exchangerates or political stability;shortages of fuel,labor strikes or work stoppages;ma

4、rket acceptance of the corporations newproducts;significant changes in the competitive environment;changes in laws,regulations and tax rates;and the ability of thecorporation to achieve reductions in cost and employment levels to realize production efficiencies and implement capitalexpenditures at l

5、evels 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 onwhich it is made.Cautionary Statement with Respect to Forward-Looking StatementsTable of ContentsSales SummaryP.3 5Financial SummaryP.6 9Appendix

6、P.10 14Sales SummaryGlobal Wholesale/Retail SalesP.4Sales AnalysisP.5(Thousand units)Q1 2024 WholesaleQ1 2025 WholesaleHMC Global Sales7Q1 2024Retail SalesQ1 2025Retail SalesOthers6140128140124140+13.0%+10.6%Asia-Pacific51495148-6.36.3%-3.9%1 1US,Europe,Korea are based on retail sales/China exUS,Eur

7、ope,Korea are based on retail sales/China ex-Factory/India wholesaleFactory/India wholesale2 21Q 2025 North America sales wholesale1Q 2025 North America sales wholesale 294294K K/retailretail 266266K K3 3 Market demand including Heavy and Light CVMarket demand including Heavy and Light CV4 4Domestic

8、 sales only,not including IRDDomestic sales only,not including IRD5 5IncludingIncluding CVCV andand GenesisGenesis6 6AMEA,Russia,Other regionsAMEA,Russia,Other regions7 7Including CVIncluding CV4Global Wholesale/Retail Sales Q1 2024Market DemandQ1 2025Market DemandS.America63686367+6.5%+7.9%U.S.23,7

9、76 3,920240 243 200 221+10.8%+1.1%+3.8%4,2334,053157 151 153 148Europe-3.8%-3.1%-4.3%India41,1431,177160 154 144 137-4.2%-5.3%+3.0%4,7234,95948305229China5-38.1%-43.7%+5.0%Korea3379390160 166 160 166+4.0%+4.0%+2.9%WholesaleWholesale(ex.China)(ex.China)RetailRetailWholesaleWholesaleRetailRetail959 97

10、1 895 927 Market Market DemandDemand19,66120,0061,007 1,001 947 956+1.0%-0.6%+1.3%+3.6%+1.8%Sales Analysis51Q 20242Q3Q4Q1Q 2025SUV610 610 618 618 607 607 638 638 605 605 Genesis34 39 38 38 34 PV342 342 380 380 356 356 374 374 346 346 Genesis22 21 18 20 18 CV55 59 49 54 50 Total1,0071,057 1,0121,0661

11、,0011Q 20242Q3Q4Q1Q 2025EV46465959616153536464HEV9898122122131131146146137137PHEV81091010FCEV11111Total153192202210212Sales by Segment(Thousand units,wholesale)Sales of Eco-Friendly Vehicles(Thousand units,wholesale)(Thousand units,wholesale)1,0011,001(1Q 2025)(1Q 2025)Product MixHEVPHEVFCEVEVSUVPVC

12、V1.0%6.4%13.7%0.1%60.4%34.6%5.0%Financial SummaryFinancial SummaryP.7Revenue&Operating Income AnalysisP.8Status of IncomeP.97Financial Summary(Billion KRW)(Billion KRW)1Q 20244Q 20241Q 2025YoYQoQRevenue40,65940,65946,62446,62444,40844,408+9.2%-4.8%Automotive31,718 35,750 34,718+9.5%-2.9%Finance6,656

13、 8,188 7,398+11.2%-9.7%Others2,285 2,686 2,292+0.3%-14.7%SG&A4,8706,2645,346+9.8%-14.7%Operating Income3,5573,5572,8222,8223,6343,634+2.1%+28.8%Automotive2,999 2,0652,893-3.5%+40.1%Finance425 374571+34.3%+52.6%Others232 243204-12.1%-15.8%Adjustment-99 140-34-65.3%-124.4%Income before Tax4,7273,1194,

14、465-5.6%+43.1%Net Income3,3763,3762,4742,4743,3823,382+0.2%+36.7%(Billion KRW)RevenueOperating Income Mix and incentive effect8Revenue&Operating Income Analysis 40,659 2,059 73 869 748 44,408 1Q 2024FXVolumeMix*Others1Q 2025+3,749(+9.2%)+3,749(+9.2%)3,557 601 16-416 146-270 3,634 1Q 2024FXVolumeMix*

15、FinanceOthers1Q 2025+77(+2.1%)+77(+2.1%)OPM(8.7%)OPM(8.2%)COGSSalaryMarketingWarrantiesResearchOthers11 Commission Fees,depreciation,etc.Non-operating IncomeNet Income(including net loss of discontinued operations)Equity IncomeFinanceOthersNon-controllingControlling(Billion KRW)9Status of Income33,3

16、17(80.0%)COGS(Ratio to Rev.)37,574(80.5%)SG&A1Q 20241Q 2025879 740 208 62 83 29 1Q 20241Q 2025-339(-29.0%)3,231 3,157 145 225 1Q 20241Q 2025+6(+0.2%)8313,3823,37632,231(79.3%)35,428(79.8%)1,244 1,451 479 550 983 897 1,146 1,308 1,018 1,140 1Q 20241Q 2025+476(+9.8%)+3,197(+9.9%)1,1704,8705,346Appendi

17、xStatement of IncomeP.12Statement of Financial PositionP.13Sales by RegionP.11Statement of Cash Flows P.14Sales of Eco-Friendly Vehicles Based on wholesale/Portion compared to total sales by region Others:N.America(ex.US),China,India,Russia,S.America,Other regionsHEVPHEVFCEVEVU.S.KoreaOthersEurope(T

18、housand units)SUVPVCV11Sales by RegionSales by type16616616016024324324024015715744144145045049.7%44.4%29.1%37.5%21.2%18.1%75.3%73.5%24.7%26.5%58.3%39.6%2.1%57.5%57.9%38.7%37.9%3.8%4.2%1Q 20241Q 20241Q 20251Q 20251Q 20241Q 20241Q 20251Q 20251Q 20241Q 20241Q 20251Q 20251Q 20241Q 20241Q 20251Q 20251Q

19、20241Q 20241Q 20251Q 20251Q 20241Q 20241Q 20251Q 20251Q 20241Q 20241Q 20251Q 20251Q 20241Q 20241Q 20251Q 20254141505041415656484866662323404021.0%22.6%10.9%16.3%15.7%20.3%3.0%6.6%4.4%6.9%5.5%6.3%10.7%18.0%1.9%2.3%FCEV:0.4%1.0%0.4%4.1%5.3%0.2%0.3%FCEV:0.4%FCEV:0.002%FCEV:0.002%FCEV:0.004%FCEV:0.018%F

20、CEV:0.003%FCEV:0.001%64.4%34.5%1.1%151151121 Including 24.1Q net loss of KRW 319B from discontinued operationsStatement of Income(Billion KRW)1Q 20244Q 20241Q 2025YoYQoQRevenue40,65940,65946,62446,62444,40844,408+9.2%+9.2%-4.8%4.8%Cost of Good Sold32,23137,53735,428+9.9%-5.6%Gross Profit8,4289,0868,

21、980+6.5%-1.2%Margin(%)20.7%19.5%20.2%-0.5%p+0.7%pSG&A4,8706,2645,346+9.8%-14.7%Portion(%)12.0%13.4%12.0%+0.0%-1.4%pOperating Income3,5573,5572,8222,8223,634 3,634+2.1%+2.1%+28.8%+28.8%Margin(%)8.7%6.1%8.2%-0.5%p+2.1%pIncome before Tax4,7274,7273,1193,1194,4654,465-5.6%5.6%+43.1%+43.1%Margin(%)11.6%6

22、.7%10.1%-1.5%p+3.4%pTax1,0326451,082+4.9%+67.9%Net Income13,3763,3762,4742,4743,3823,382+0.2%+0.2%+36.7%+36.7%Margin(%)8.3%5.3%7.6%-0.7%p+2.3%pEBITDA4,8393,5914,923+1.8%+37.1%13Statement of Financial Position(Billion KRW)20241Q 2025Diff.%changeAsset339,798339,798343,630343,630+3,832+3,832+1.1%+1.1%C

23、urrent Asset(a)115,764115,735-29-0.0%Liabilities(b)219,522219,522222,065222,065+2,543+2,543+1.2%+1.2%Current Liability(c)79,51081,366+1,856+2.3%Debt(d)156,489156,940+451+0.3%Provision12,38712,358-29-0.2%Equity(e)120,276120,276121,565121,565+1,289+1,289+1.1%+1.1%Capital Stock1,4891,489-Capital Surplu

24、s7,6567,656-0.1-0.0%Retained Earnings96,59697,844+1,248+1.3%Current Ratio(a/c)145.6%142.2%-3.4%pLiability to Equity(b/e)182.5%182.7%+0.2%pDebt to Equity(d/e)130.1%129.1%-1.0%p14Statement of Cash Flows(Billion KRW)1Q 20242Q3Q4Q1Q 2025Beginning19,167 19,167 19,669 19,669 18,146 18,146 14,992 14,992 19

25、,01519,015Net Income3,376 4,174 3,206 2,474 3,382Depreciation&Amortization 1,203 1,194 1,194 695 1,208Acquisition of Tangible1,857 1,965 1,802 2,437 2,085Acquisition of Intangible379 402 541 984 492Dividends paid0 2,833 551 530 0Others1,841 1,692 4,661 4,805 3,030Ending19,669 19,669 18,146 18,146 14,992 14,992 19,015 19,015 17,99817,998Thank YouQ&A