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Sales Summary Financial Summary Revenue & Profit Analysis 2013 Business Plan Appendix
Sales Summary
+11.8% +10.2%
-2.2%
+8.9%
667
Korea
646
703
E U
China
US
+7.4%
+7.1%
1,611
1,731
4,099 2011
4,392 2012
Others
Korea Korea
46.4%
682
185 77
US US
47.3%
5.1%
+8.9% 646
131
EU EU
4.9%
703
128
2.6%
+10.2% 403
6 138
3.2%
-2.2%
667
162 112
444
5 145
420
393
515
575
259 294
2011
2012
PC
RV
CV
M/S
2011
PC
RV
2012
M/S
2011
2012
PC
RV
CV
M/S
Despite of market demand decrease (4.3%) in 2012, M/S has increased Strong sales of Santa Fe (68k,162%), due to new model launch
Source : Company data / Automotive News / ACEA
Maintained strong sales trend of key models (YF 231k / MD 202k) Lowest level of incentive spending (2012 Avg. : $946 / units)
Despite of weak market demand (7.8%) in 2012, sales of i40 and ix 35 increased Robust sales growth in countries covered by direct sales subsidiaries (Germany 22% / France 31%)
4,059
+8.6%
4,410
Korea China
7% 17% 19%
6% 16%
CV
1,885
1,911
17%
RV Mid-Large PC Small PC
57%
61%
2011
2012
Statement of Income Financial Summary by division Statement of Financial Position Cash Flow Highlights
2011
Sales Revenue Gross Profit
Margin (%)
Change
8.6% 3.2% 1.8% 5.1% 11.1% 11.7%
77,798 18,896
24.3
SG&A
Portion (%)
10,867
14.0
11,061
13.1
Operating Profit
Margin (%)
8,029
10.3
8,437
10.0
Recurring Profit
Margin (%)
10,447
13.4
11,605
13.7
Net Profit
Margin (%)
8,105
10.4
9,056
10.7
Consolidated Statement of Income (K-IFRS), Business results of BHMC is accounted in equity income accounting Operating income presentation adjusted Net Profit includes non-controlling interest
2011
Sales Revenue
Automotive Finance Other
2012 84,470
71,307 8,663 4,500
Change
8.6% 6.3% 18.9% 32.1% 5.1% 1.3% 2.2% 63.7%
77,798
67,104 7,288 3,406
Operating Profit
Automotive Finance Other
Consolidation adjustment
8,029
6,624 1,203 155 45
8,437
6,711 1,178 255 294
2011
Assets
Current Assets Cash & Cash Equivalents*
2012
121,538 54,848 19,143 73,620 32,836 45,207 7,009 47,918
167.0 94.3
Change
12,058 5,921 3,729 4,468 328 1,869 362 7,590
Liabilities
Current Liabilities Short & Long-Term Debt Provision
Equity
Current Ratio (%) Debt / Equity Ratio (%) Net Debt EBITDA / Interest Expense
27,924 20.3 x
26,064 25.7 x
1,860
Consolidated Statement of Financial Position (K-IFRS) Cash & Cash Equivalents : Cash & cash equivalents + Short-term financial instruments
3,806
(KRW Billion)
7,243
Tangible / Intangible Asset
6,759 6,232
Net Income Others
77,798
84,470
+ 6,672
(8.6% )
4,410K)
67,104
71,307
KRW depreciation against the USD USD / KRW 1,113.4 1,124.9 (1.0% )
Negative Factors
7,288 3,406 8,663 4,500
2011
Automotive Finance
2012
Others
KRW appreciation against the EUR EUR / KRW 1,547.1 1,452.7 (6.1% )
Consolidated sales revenue excludes sales revenue of BHMC Consolidated sales revenue by business division (Automotive / Finance / Others)
SG&A SG&A
(% of Revenue, KRW billion)
+1.2%pt
10,867 76.9%
SG&A
Salary & Wage Marketing Expense Sales Warranties Warranty Provision Other
+1.8%
11,061 11,061
2.7%
2.8%
75.7%
5.0%
5.3%
2011
2012
2011
2012
Other Items
(KRW Billion)
2,580
2011
2012
2011
2012
2011
2012
2011 : 2,418.3
Other Items
2012 : 3,168.2
10
2012
Total Sales Unit Korea Plant
Domestic Export
2013 (P)
4,660 1,850
668 1,182
Change(%) +5.7 -3.2 +0.1 -5.0 +12.4 +7.4 +13.3 -1.3 -1.0 +53.7
4,410 1,911
667 1,244
Overseas Plant
US China India Czech Others
Sales volume by plant (Wholesale basis)
2,499
361 856 641 303 338
2,810
388 970 633 300 519
11
Appendix
Overseas Plant Operations Statement of Income (Quarterly) Change in Operating Income Presentation
Revenue
Sonata
Elantra
338
112
361
Revenue
2011
2012
Chg
856 740
158 154 114 164 117 214
Revenue
2011
2012
Chg
6,200
6,992 13%
12,406
14,519 17%
139
226
222
314
361
2011
2012
2011
2012
12
Revenue
Revenue
616
189 28 128
641
142 113 135
Revenue
2011
2012
Chg
2011
2012
Chg
5,052
5,097
1%
91
86
Revenue
1,477
1,576
7%
73 83
271
251
18
2011 2012
3 2012
2011
13
Revenue
Revenue
303 251
70 28 46 127
Revenue
2011
2012
Chg Revenue
2011
2012
Chg 58%
4,351
5,311 22%
225
1,806
2,855
46
138
21
100
107
130
117
125
2011
2012
2011
2012
14
Revenue
2011 Revenue
2012
Chg
414
27
2011
2012
15
2011
4Q
Global Plant Sales Korea Plant Overseas Plant Sales Revenue Gross Profit
Margin (%)
2012
1~4Q
4,059 1,884 2,175 77,798 18,896
2012 4Q
1Q
1,072 483 589 20,165 4,639
2Q
1,110 508 602 21,940 5,408
3Q
1,001 392 609 19,646 4,444
4Q
1,227 528 699 22,719 5,007
1~4Q
4,410 1,911 2,499 84,470 19,498
vs. 2011 4Q
24.1
2,862
24.3
10,867
23.0
2,547
24.6
2,871
22.6
2,468
22.0
3,175
23.1
11,061
SG&A
Portion (%)
13.9
2,074
14.0
8,029
12.6
2,092
13.1
2,537
12.6
1,976
14.0
1,832
13.1
8,437
Operating Profit
Margin (%)
10.1
2,545
10.3
10,447
10.4
3,148
11.6
3,145
10.1
2,781
8.1
2,531
10.0
11,605
Recurring Profit
Margin (%)
12.4
2,002
13.4
8,105
15.6
2,451
14.3
2,547
14.2
2,166
11.1
1,892
13.7
9,056
Net Profit
Margin (%)
9.8
10.4
12.2
11.6
11.0
8.3
10.7
Consolidated Statement of Income (K-IFRS), Business results of BHMC is accounted in equity income accounting Operating income presentation adjusted Net Profit includes non-controlling interest
16
4Q
22,719 5,007
1~4Q
84,470 19,498
22,719 5,007
22.0
3,175
23.1
11,086
22.0
3,175
23.1
11,061
SG&A
Portion (%) Other Operating Profit
SG&A
Portion (%)
14.0
7 1,839
13.1
269 8,680
14.0
1,832 8.1 7 117 575 2,531
13.1
8,437 10.0 243 345 2,580 11,605
Operating Profit
Margin (%) Non-Operating Income/Expense Finance Income/Expense
Operating Profit
Margin (%) Finance Income/Expense
8.1
117 575 2,531
10.3
345 2,580 11,605
Equity Earnings
Margin (%)
11.1
1,892
13.7
9,056
11.1
1,892
13.7
9,056
Net Profit
Margin (%)
8.3
10.7
8.3
10.7
Consolidated Statement of Income (K-IFRS), Business results of BHMC is accounted in equity income accounting Net Profit includes non-controlling interest
17