Hyundai Capitalis... Investor Presentation Hyundai CapitalMay 2012

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No.1 Consumer Finance Company01

One of the most successful finance companies in Korea

Leading auto financier in Korea with a high market share

Eight-year-long partnership between two global leaders ;Hyundai Motor and GE Capital - Jointly-formed boards committed to pro-active oversight - GE Capital appoints key executives in risk management & finance

Increasingly profitable since the inception of the joint venture(JV)

Captive finance company for Hyundai Motor Group in Korea, and the only Korean consumer finance platform for GE Capital

Growing Partnership with GE Capital02

- Leading car makers in Korea with approximately 80% market share- Stable & solid operational base- Extensive sales network

- Powerful financing arm- Effective marketing tool- Most successful joint venture- Sole consumer finance window in Kore

GE Capital increases its back-upcredit line from USD 600 mm toUSD 1 bn

(Total investment as of 1Q12: USD 2.2 Bn)

2009

GE Capital provides USD 871mm in direct funding

2007

GE Capital extends its credit lineto 2015

2012

- Hyundai’s JV with GE Capital makes HCS the sole consumer finance business in Korea for GE Capital

- GE Capital provides USD 600mm back-up credit line

2006

GE Capital increases its holdings to 43.3%2005

GE Capital acquires 38% equity interest in HCS2004

56.5%

- Advanced knowledge on risk management- Financial support- Active involvement in daily operations as well as in management

43.3%

03

Performance of Hyundai Motor Company

· Increase in residual value of vehicles due to

strengthened brand awareness

· Boost in luxury car sales has increased the

average selling price of vehicles

Strength

Product Mix

Compact

58%

Mid&Large

19%

RV

17%

Commercial

6%

Korea

16.7%

N.Am.

18.9%

Europe

14.6%

Asia

31.4%

Other

18.4%

Market Diversification

1Q11

10.0%

2009

7.0%

2010

8.8%

2011

10.4%

OP Margin

Brand Value

Performance

1Q11

914

2009

3,106

2010

3,612

2011

4,059

Total Sales(‘000s)

1Q11

1,877

1Q12

11.3%

1Q12

1,019

1Q12

2,451

2009

2,962

2010

6,001

2011

8,105

Net Profit(KRW Bn)

Strategy : Capitalize on Our Leading Position04

Maintain leadership in auto financing while operatingin non-auto financing sector to diversify business portfolio

Use innovative marketing to attract customers and keep themsatisfied

Place top priority on stringent risk management

- Maintain a diversified and stable funding portfolio - Employ risk-based pricing (RBP) and stress pre-emptive risk management

Investment Highlights05

Achieved stable 1Q12 financial results with operating profit ofKRW 181 billion and net income of KRW 129 billion

Maintained healthy asset quality with 2.1% 30+ day delinquency rate

Strong commitment to abide by the target leverage of 8x

Liquidity increase indicated by CP Coverage of 632%

Continuously successful funding diversification- Swiss Franc, Malaysian Ringgit, 144A/RegS Issuances

Hold excellent credit ratings based on strong fundamentals- S&P : BBB+(S), Fitch : BBB(P), Moody's : Baa2(P)- Domestic : AA+(S)

Macroeconomic Indicators in Korea

GDP Growth Trend

Source : KAMA

Domestic Auto Sales (YoY, unit : 000)

HMC KMC Others

Source : Bank of Korea

2.8%3.6%

1Q122008 2009 2010 2011

2.2%

0.2%

6.1%

06

2009

80.0%

1,394

413

279

703

2010

1,465

78.1%

485

321

660

2011

1,474

79.8%

493

297

684

331

1Q12

81.8%155

116

60

1Q11

363

80.2%167

126

70

Korean Consumer Finance Market’s Unique Features07

Conservative lending environment- Average auto loan life of 1.5Y (Notional life of 36M + Amortization Structure)- Average down-payment for a car is around 30%- Low usage of revolving credit card products

Favorable market environment for captive finance companies- New car dealerships exclusively managed by auto makers- Stable second-hand car market : high residual value of used cars

Strong credit infrastructure- Govemment’s strict regulation on LTV & DTI Ratios . Average LTV ratio for mortgages is less than 50% (Commercial Banks)

- Well developed Credit Bureau system

Disciplined Asset Portfolio : Stability and Profitability

Receivables Breakdown by Product (KRW Bn)

MortgagePersonal Loan

Used Car Financing

Others

Auto LeaseNew Car Financing

08

Maintain auto-related and nonauto-related assets in the ratio of80 : 20

Only 9.4% of portfolio ispersonal loan and notcollateralized by auto asset orreal estate

57.2%

81.9% 82.4%81.1%

82.8%

8.7%

8.8%

18,788

16.3%

8.4%

9.4%

7.4%

19,596

17.9%

7.6%7.4%

9.9%

16,480

15.8%

7.2%

9.1%

7.4%

19,806

17.3%

7.9%

1Q122009 2010 2011

56.9%

58.1%57.6%

Pre-emptive Approach to Risk Management09

Risk control committee - Sets policies and reports to BOD- Equal membership between Hyundai Motor and GE Capital- Includes GE Capital’s Asia Chief Risk Officer

Using GE Capital’s expertise in risk management- Tailored use of GE Capital’s credit scoring system- Rigorous compliance and anti-fraud processes- Dynamic monitoring of payments, status changes - Adoption of GE Capital’s risk reporting format

Prioritizing risk management over volume growth- Application of Risk-Based Pricing(RBP)

Combining Strong Governance with Innovation

Committed to excellence in governance

. Transparent corporate governance

. GE Capital has veto rights on all major decisions

. Active board oversight supported by three key committees- Risk Control Committee- Executive Finance Committee- Asset & Liability Committee

10

Supporting innovative culture and meritocracy. Merit-based culture with performance-linked compensation. Rewards for innovation and development of new business opportunities

. High quality employees from diverse background

- Used car brokerage web-site - Extended warranty program for vehicles

Income Statement (KRW Bn) Operating Income (KRW Bn)

Operating Income

ROA

Net Income

Operating Expense

(Excluding FX Effect)

Bad debt Expense

Operating Revenue

(Excluding FX Effect)

1Q12

181

3.7%

129

735

588

83

916

796

YoY

-0.4%

-11.1%

-2.9%

2.4%

39.0%

-2.4%

1.6%

2011

3.4%

659

507

2,672

2,466

354

3,331

3,125

1Q11

182

3.8%

145

757

575

60

939

757

3.6%

633

489

2,642

2,256

145

2,889

3,274

2010

Solid Profit Underscores Strong Fundamentals11

- Operating income remained stable in 1Q12

- Maintained high ROA based on strategy with a focus

on achieving sustainable profitability

1Q11

182

1Q12

181

2009

541

2010

633

2011

659

Excellent Asset Quality & Conservative Reserve Policy

* IFRS impact: Estimated Loss based calculations->Incurred Loss based calculations

30+Delinquency Rate (%) Total reserve VS Regulatory Requirement(KRW Bn)

1Q12

153.3%

118.1% 117.1% 115.5%

534

281

336

288

427

2009

401

474

265

208

2010

521

610617

265

345

2011

12

Regulatory Requirement

Supplement Reserve

Reserve under K-IFRS

Total Reserve/ Regulatory Requirement

1.6%

2.0%2.1%

1.8%

2009 2010 2011 1Q12

* IFRS impact: Asset increase due to Inclusion of securitized receivables from 10% to 100%

Leverage Trend (KRW Bn) Capital Adequacy Ratio (KRW Bn)

6.7x

7.4x

6.5x

6.2x

14,378

16,56017,330 17,396

1Q122009 2010 2011

15.7%

13.7%13.0%

13.9%

2,216

2,375

2,156

2,432

2,6562,622

2,8132,755

1Q12*2009 2010 2011

Solid Capital Base13

Maximum LeverageAccording to Dividend Policy :

8.0x

Managed Borrowing Leverage CARShareholder’s Equity Adjusted Capital

14

Well Diversified Funding Portfolio

Funding Portfolio by Product

Funding Balance : KRW 17,396 Bn

Funding principles

Key Achievements 1Q 2012

Maintain the proportion of ABS under 20% and CP under 10%

Diversify funding portfolio in terms of currency, region and product

Maintain the average maturity ratio of liability to asset over 100%

Contingency plans under regular review

Increased long term funding proportion

- 144A/RegS: 5.5 years - USD 500 mm

- Malaysian Ringgit: 5 years - MYR 320 mm

- Swiss Franc: 5 years - CHF 200 mm

New Overseas Issuances :

Bonds74.0%

Loans8.5%

ABS13.8%

Long-term funding : 66.7 %

CP3.7%

Strengthened Liquidity Position

CP Coverage Ratio (KRW Bn) Cash Flow Profile (KRW Bn)

Financial Receivables

Liabilities (Debt)

Net Cash Flow

CP Cash Credit Line CP Coverage

216.8%

971

1,367

739 650

2,489

1,621

167.7%

507.7%

632.3%

1Q122009 2010 2011

~1Y 1-2Y 2-3Y 3-4Y 4-5Y Over 5Y

15

- GE Capital : 1,138Bn*- Others : 1,351Bn

Total : KRW 2,489Bn

~1Y 1-2Y 2-3Y 3-4Y 4-5Y Over 5Y

~1Y 1-2Y 2-3Y 3-4Y 4-5Y Over 5Y

10,481

5,693 2,268 602 170 382

5,7943,227 3,097

1,865 1,3912,022

4,6862,466 -829 -1,263 -1,852 -1,009

2,511

1,297750

1,027

1,338

1,410

*$1= W 1,137.8 as of Mar 31st, 2012

16

Global Expansion

· Provide auto financing and related

services for HMC and KMC vehicles

· Minimize market entry risk through

establishing joint ventures

Connection with HMC/KMC Minimize Entry Risk

HCSStrategy

Established : Dec.2011Capital : ￡20 mmStake : HCS 29.99%

UKJV

Established : May.2010Capital : € 2.8 mmStake : HCS 100%

Hyundai Capital Europe

Established : Sep.2009Capital : € 2mmStake : HCS 30.01%

Office/Corporate without funding

Hyundai Capital Germany

Representative OfficeEstablished: Jul. 2010

India Office

Established : Jun.2012(expected)Capital : RMB 0.5 bnStake : HCS 46%

China JV

Russia

RepresentativesDispatched

Australia OfficeRepresentativesDispatched

Brazil Office

Established : Sep.1986Capital : $ 1 bnStake : HMA 94%, KMA 6%

HCA

17

Investment Highlights

Achieved stable 1Q12 financial results with operating profit ofKRW 181 billion and net income of KRW 129 billion

Maintained healthy asset quality with 2.1% 30+ day delinquency rate

Strong commitment to abide by the target leverage of 8x

Liquidity increase indicated by CP Coverage of 632%

Continuously successful funding diversification

Hold excellent credit ratings based on strong fundamentals

Investor Relations Contacts

Jungsang Kim, Head of Investor RelationsPhone +82 2 2167 7034jungsang.kim@hyundaicard.com

Brett Moffat, Manager of Investor RelationsPhone +82 2 2167 5510brett@hyundaicapital.com

http://ir.hyundaicapital.com/

Minchul Seo, Deputy General Manager of Investor RelationsPhone +82 2 2167 7051mcseo@hyundaicapital.com

Youn Chung, Manager of Investor RelationsPhone +82 2 3770 9737youn.chung@hyundaicapital.com