Hyundai Motor Company in 2011— Surpassing Automotive Powerhouses, Captivating the Entire World
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Hyundai Motor CoMpany in 2011— Surpassing autoMotive powerHouSeS, Captivating tHe entire world. No. 1 in Germany’s AutoBild Qualitätsreport; No. 1 in America’s J.D. Power Customer Retention Award. Hyundai Motor Company satisfied the seemingly insurmountable barriers and demanding standards of automotive powerhouses in 2011. With passion and competitiveness, it will continue its leap forward to become the new leader in the automotive industry. Bringing tHe world togetHer— Supporting passion, rooting for dreams. Official sponsor of the Union of European Football Associations (UEFA) and the Fédération Internationale de Football Association (FIFA) since 1999, Hyundai Motor Company continued in its support of the passionate game of football through the 2006 Germany World Cup, Euro 2008, and the 2010 South Africa World Cup to name a few. In 2012, Hyundai Motor Company will plant the seeds for more passion in the hearts of customers worldwide through its Team Hyundai composed of five top-class international footballers acting as ambassadors for Euro 2012. deSpite fierCe CoMpetition, Creating growtH and opportunitieS, opening a BrigHt future. 4,059,438 cars sold worldwide in 2011. Achieving a sharp increase in sales despite the continued global economic crisis, Hyundai Motor Company is captivating the hearts of people all over the world through its strategy of localization and differentiation. It will keep up its efforts to be appreciated by even more customers by continuing to swiftly grasp their fast-changing needs. Spreading green on eartH, planting Hope and Happiness for tHe future. 5,000m2 of grassland that Hyundai Motor Company is creating in an effort to conserve our planet’s ecosystem. Hyundai is expanding the grounds for a tomorrow where everyone can be happy together through a project that seeks to transform the arid Chakanor district of Inner Mongolia into grassland. Not only that, it is developing eco-friendly cars that do not pollute the environment. Hyundai will go beyond being a company that makes cars to one that creates the future. 10 11 Financial HigHligHtS buSineSS HigHligHtS conSoliDateD StatementS oF income global retail SaleS <Unit: KRW Million> K-GAAP K-IFRS* For the Year SaleS bY region <Unit: Thousand> Korea North America Europe Asia others 2007 2008 2009 2010 2010 2011 706 658 755 682 Sales Revenue** 69,601,516 79,736,351 91,463,064 112,589,679 66,985,271 77,797,895 Operating Income 2,848,022 3,072,043 5,620,241 9,117,742 5,918,492 8,075,477 775 Margin (%) 4.1 3.9 6.1 8.1 8.8 10.4 657 Net Income*** 1,956,087 1,092,552 4,043,436 7,982,924 6,001,182 8,104,863 FY 2010 FY 2011 Yo Y Chg(%) Margin (%) 2.8 1.4 4.4 7.1 9.0 10.4 3,701 4,099 Basic EPS (KRW)**** 5,813 2,499 10,947 20,052 20,516 28,200 TOTAL TOTAL 474 599 * From FY 2011, the company adopted Korean International Financial Reporting Standards (K-IFRS) *** Net income includes non-controlling interest 1,206 1,288 ** Business results of BhMC is accounted in equity income accounting *** Basic earnings per common share attributable to the owners of the Parent Company * Sales by BhMC(Joint Venture in China / Accounted in equity income accounting) are included in sales figure for Asia creDit rating 2007 2008 2009 2010 2011 global Plant oPeration KIS AA AA AA AA+ AA+ SaleS bY Plant <Unit: Thousand> Korea SaleS bY Segment <Unit: Thousand> Domestic NICE AA AA AA AA+ AA+ US China Korea Ratings AA AA AA AA+ AA+ India Czech 302 2,303 S&P BBB- BBB- BBB- BBB BBB Russia Overseas 3,612 200 75 Moody's Baa3 Baa3 Baa3 Baa2 Baa2 Turkey FY 2010 1,731 300 703 604 FY 2011 Financial SummarY bY DiviSion 695 FY 2011 4,059 4,059 138 91 <Unit: KRW Million> TOTAL FY 2011 1,885 339 740 616 252 net revenue Small PC Mid-Large PC total Consolidation YoY Chg _ FY 2011 Vehicle Finance Other 8.9 13.0 5.2 2.0 25.8 20.9 77,797,895 Adjustments (%) 760 RV CV Net Revenue 94,381,955 7,401,809 3,895,091 -27,880,960 Operating * Sales units for "China" represents unit sales by BhMC(Joint Venture in China / Accounted in * PC: Passenger Car / RV: Recreational Vehicle / CV: Commercial Vehicle Operating Income 6,813,767 1,208,389 192,249 -138,928 income total 8,075,477 equity income accounting) conSoliDateD StatementS oF Financial PoSition ProDuction bY Plant <Unit: Thousand> <Unit: KRW Million> K-gaaP 2007 83,847,526 K-GAAP K-IFRS 4,074 139 90 At Year End FY 2011 1,892 338 744 620 251 2008 103,205,783 2007 2008 2009 2010 2010 2011 2009 102,324,934 Liabilities 60,133,890 77,853,886 73,363,274 81,342,217 61,826,158 69,152,273 aSSetS Shareholder's 2010 118,077,818 23,713,636 25,351,897 28,961,660 36,735,601 32,887,973 40,327,702 Equity K-iFrS 2010 94,714,131 Liabilities to Equity Ratio 253.6 307.1 253.3 221.4 188.0 171.5 (%) 2011 109,479,975 r&D exPenSe <Unit: KRW Million> K-gaaP 2,416,204 2010 K-GAAP K-IFRS For the Year 2010 1,388,776 2007 2008 2009 2010 2010 2011 K-iFrS 2011 1,445,268 R&D Expense 1,879,160 2,190,476 2,239,471 2,416,204 1,388,776 1,445,268 12 13 Hyundai Motor CoMpany will foCuS on Solid internal growtH in order to leap forward As a leading gloBal autoMaKer. Hyundai Motor Company offers premium quality to maximize customer satisfaction and strengthen its systems and R&D capabilities to respond proactively to rapid market changes and secure core technologies. Celebrating its 45th anniversary this year, hyundai Motor Company has continuously strived to create innovative ways to satisfy customers. hyundai Motor Company would not have been We will also ensure future growth opportunities and meet changing market demands by able to lead Korea’s auto industry and become a major global auto company without the love strengthening our R&D capabilities at Namyang and our overseas R&D centers. In particular, and support of you, our customers. Executives and employees alike at hyundai know this by we will focus on securing key engineers and gradually increasing investment to develop core heart and will never cease to search for ways to maximize customer satisfaction. technologies for eco-friendly cars, such as hybrid and electric vehicles, as well as advanced in-vehicle electronic technology. Despite the ongoing economic difficulties worldwide last year, hyundai Motor Company worked hard to expand its sales and presence in key markets to position itself as a leading Our striving to become a top brand in the auto sector also continues through our sponsorship automaker. We posted sales of 4.06 million units in 2011, and according to the brand consulting of UEFA EURO 2012™, participation in major international motor shows, and diverse marketing group Interbrand, our brand value rose to over USD 6 billion, ranking 61st among the world’s activities to communicate with global customers. These are all a part of our efforts to realize top 100 brands. In China, which has become the world’s largest and most competitive auto our very own “New Thinking. New Possibilities.” hyundai Motor Company will also fulfill market, hyundai posted record sales of 740,000 units last year, while sales grew significantly its duties as a global corporate citizen through its widespread corporate social responsibility in the Central and South American markets and in the emerging markets. In the U.S., hyundai’s programs, all the while boosting cooperation with its suppliers. genesis sedan was chosen as the highest-ranked model in the mid-sized premium car category in the 2012 J.D. Power and Associates Vehicle Dependability Study. hyundai Elantra won a Our passion to build better cars only gets bigger when your love and trust for us grows. We number of prizes around the world, including the prestigious North American Car of the Year promise to continuously challenge convention and create innovation to fulfill our vision of award. hyundai was also ranked as the highest among all automotive brands in the J.D. Power becoming a lifetime partner in automobiles and beyond and a leader in the global automotive 2012 Customer Retention Study. In Europe, leading german motoring magazine AutoBild industry. awarded hyundai top position in its Auto Bild Qualitätsreport for the second year in a row. Beating all other manufacturers, including renowned german and Japanese brands, hyundai Thank you. took the prestigious honor, which was based on a comprehensive analysis of reliability, long-term May 2012 quality, and customer satisfaction. As a group, the hyundai Motor group officially began operations at its No. 1 and No. 2 blast furnaces at hyundai Steel. Construction of a third blast furnace has begun, completing the cHung, mong-Koo group’s business portfolio and boosting synergy to provide everything from molten steel to Chairman and CEO autos by circulating resources in the most eco-friendly method. In 2012, hyundai Motor Company plans to focus on solid internal growth in order to lay the foundation for becoming a leading global automaker. To achieve this, we will strengthen our ongoing quality management with the aim of providing more premium quality features and services to our customers. With the completion this year of our third manufacturing plant in Beijing and a new plant in Brazil, we will stabilize our global production bases.