Hyundai Motor Company

Q2 2023 Business Results

July 26, 2023
Cautionary Statement with Respect to Forward-Looking Statements

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.

1
Table of Contents
Sales Summary P. 3 ~ 5

Financial Summary P. 6 ~ 9

Appendix P. 10 ~ 14
Sales Summary

Global Wholesale / Retail Sales P. 4

Sales Analysis P. 5
 Global Wholesale / Retail Sales
Q2 2022
Wholesale
Q2 2023
Wholesale
Q2 2022
Retail Sales
Q2 2023
Retail Sales (Thousand units) Global Demand1
(Thousand units)

Q2 2022 Q2 2023 YoY

+9.5% +4.5%
+61.8% +45.5% Korea 437 465 +6.6%
+12.7% +12.7% +11.7% +11.3%
151 166 157 164 60 64 US 3,527 4,120 +16.8%
37 44 206 206 269
182 182 271
241 243 Europe3 3,488 4,149 +19.0%
China
Europe China 4,486 5,253 +17.1%
Korea
N.America India 916 1,002 +9.4%

Global 17,741 20,305 +14.5%

HMC Global Sales4

+8.5% +8.1% +6.4% +6.4%

+9.2% +7.7% △13.2% △13.7% △1.5% +5.3%
△35.9% △32.4% 1,060 1,065
149 985 1,000 1,001
144 976 941
136 134 78 68 75 65 939
20 18 132 139
13 12 131 129
India S.America
Russia Wholesale Retail sales Wholesale Retail sales
Others2 (ex. China)
1 US and Europe are based on retail sales, China ex-Factory, India Wholesale
2 AMEA, Asia-Pacific, Other regions, CV(ex. Korea, China CV)

3 Europe excluding CV

4 Wholesales including CV 4
Sales Analysis
Sales by Segment Sales of Eco-Friendly Vehicles
(Thousand units) (Thousand units)

192
1,060 0.1%
4.0% 1.5%
976
7.3%
6.5%
7.5%
16.3%
A 129
15.9%
6.9% B 0.4% 9.1%
5.9% 1.2%
5.4% C
5.4%
D FCEV
Genesis PHEV
6.1%
SUV HEV

52.8% Others EV
52.4%
34.6% 34.6%
40.1% 40.1%

7.4%
5.5%

6.2% 6.0%
6.8%
6.9%
Q2 2022 Q2 2023 Q2 2022 Q2 2023
※ Based on wholesale ※ Based on wholesale
※ GV60, GV70, GV80 are included in Genesis, when included in SUV, ※ Portion compared to total sales
5
the portion is 56.1%
Financial Summary

Financial Summary P. 7

Revenue & Operating Income Analysis P. 8

Status of Income P. 9
Financial Summary
(Billion KRW)

Q2 2022 Q1 2023 Q2 2023 YoY QoQ

Revenue 36,000 37,779 42,250 17.4% 11.8%

Automotive 28,504 30,646 33,766 18.5% 10.2%

Finance 5,448 5,089 5,748 5.5% 12.9%

Others 2,048 2,044 2,736 33.6% 33.9%

SG&A 4,420 4,129 4,655 5.3% 12.7%

Operating Income 2,980 3,593 4,238 42.2% 18.0%

Automotive 2,497 2,846 3,839 53.7% 34.9%

Finance 609 368 425 -30.2% 15.5%

Others 127 171 340 167.7% 98.8%

Adjustment △253 208 △366 - -

Income before Tax 3,889 4,591 4,834 24.3% 5.3%

Net Income 3,085 3,419 3,347 8.5% △2.1%

7
Revenue & Operating Income Analysis
(Billion KRW)
Revenue 42,250
Product Mix Others
Volume +1,853 +987
36,000 F/X +2,341
+1,069

+6,250
(+17.4%)

Q2 2022 Q2 2023

Operating Income Others

Product Mix
+201 +58 Finance 4,238
Volume
F/X +501 △184 OPM
2,980 +682 (10.0%)

OPM
(8.3%)

+1,258
(+42.2%)

Q2 2022 Q2 2023
8
Status of Income
COGS Ratio Non-operating Income
△313
(△34.4%) 596
909 136
Others
67
Q2 2022 79.4% 136 Finance
1,020
706 Equity
Income
Q2 2023 79.0%

△560

Q2 2022 Q2 2023

SG&A Net Income

+235 +262
(+5.3%) (+8.5%)
4,655 3,347
4,420
Salary 3,085 112
948
848 281
Marketing
1,034 1,227 Warranties
Research Non-controlling
717 3,235
1,105 2,804 Controlling
Others 1
523
391
1,042 1,240

Q2 2022 Q2 2023 Q2 2022 Q2 2023

1 Commission Fees, depreciation, etc.

9
Appendix

Sales by Region P. 11

Statement of Income P. 12

Statement of Financial Position P. 13

Statement of Cash Flows P. 14

 Sales by Region
Korea US Europe Others
(Thousand units)
Sales by type PV SUV CV
225
206 166
198 463
182 151 445
28.8%
24.4% 34.4%
34.4%
39.6%
37.6% 38.9%
38.2% 45.4% 41.5%

39.6% 75.6% 71.2% 63.9%

41.1% 60.1% 54.8%
61.1% 65.6% 50.7%

21.3% 20.8%
1.7% 1.7% 3.9% 3.7%
Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023

Sales of Eco-Friendly Vehicles EV HEV PHEV FCEV

62
58 46 0.01%
0.5%
52
0.02% 0.12% 6.3%
1.7%
23.9% 6.5%
40
1.9% 17.8% 98 14.9% 26
21 10.0%
15.4% 0.0%
9.8% 98 0.05% 16 0.2%
0.8% 0.0% 2.8%
5.6% 0.2%
10.0% 10.0% 8.9% 13.3% 16.1% 1.7%
4.3% 2.4%
1.5%

Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023

※ Based on wholesale / Portion compared to total sales by region 11
※ Others : N.America(ex. US), China, India, Russia, S.America, Other regions
Statement of Income
(Billion KRW) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 YoY QoQ

Revenue 36,000 37,705 38,524 37,779 42,250 +17.4% +11.8%

Cost of Good Sold 28,600 30,348 30,737 30,057 33,357 +16.6% +11.0%

Gross Profit 7,400 7,357 7,787 7,722 8,893 +20.2% +15.2%

Margin (%) 20.6 19.5 20.2 20.4 21.0

SG&A 4,420 5,805 4,428 4,129 4,655 +5.3% +12.7%

Portion (%) 12.3 15.4 11.5 10.9 11.0

Operating Income 2,980 1,552 3,359 3,593 4,238 +42.2% +18.0%

Margin (%) 8.3 4.1 8.7 9.5 10.0

Income before Tax 3,889 2,042 2,739 4,591 4,834 +24.3% +5.3%

Margin (%) 10.8 5.4 7.1 12.2 11.4

Tax 804 631 1,029 1,172 1,487

Net Income 3,085 1,411 1,710 3,419 3,347 +8.5% △2.1%

Margin (%) 8.6 3.7 4.4 9.1 7.9

D&A1 1,247 1,208 1,424 1,276 1,247

EBITDA 4,227 2,760 4,784 4,869 5,485

1 Including lease amortization under IFRS 16
12
Statement of Financial Position

(Billion KRW) Q4 2022 Q2 2023 Diff. % change

Asset 255,743 271,325 +15,582 +6.1%

Current Asset(a) 96,389 101,258 +4,869 +5.1%

Liabilities(b) 164,846 173,894 +9,048 +5.5%

Current Liability(c) 74,237 75,685 +1,448 +2.0%

Debt(d) 112,186 119,744 +7,558 +6.7%

Provision(g) 12,431 12,290 △141 △1.1%

Equity(e) 90,897 97,431 +6,534 +7.2%

Capital Stock 1,489 1,489 - -

Capital Surplus 4,241 4,289 +48 +1.1%

Retained Earnings 79,954 84,385 +4,431 +5.5%

Current Ratio(a/c) 129.8% 133.8%

Liability to Equity(b/e) 181.4% 178.5%

Debt to Equity(d/e) 123.4% 122.9%

13
Statement of Cash Flows

(Billion KRW) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023

Beginning 14,151 16,129 19,585 20,865 22,369

Net Income 3,085 1,412 1,710 3,419 3,347

Depreciation 792 755 870 803 823

Amortization 451 443 540 448 416

Acquisition of Tangible △669 △766 △1,405 △1,478 △1,497

Acquisition of Intangible △337 △312 △781 △301 △302

Dividends paid △1,043 △312 - △0 △1,712

Others △301 2,236 345 △1,387 △2,666

Ending 16,129 19,585 20,865 22,369 20,778

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Thank you
Q&A