HYUNDAI MOTOR COMPANY AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2021 AND 2020 (Unaudited) ATTACHMENT: INDEPENDENT AUDITORS’ REVIEW REPORT HYUNDAI MOTOR COMPANY Contents INDEPENDENT AUDITORS’ REVIEW REPORT ----------------------------------------------------------- 1 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ----------------------------------- 4 CONSOLIDATED STATEMENTS OF INCOME ------------------------------------------------------ 6 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME --------------------------- 7 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ------------------------------------ 8 CONSOLIDATED STATEMENTS OF CASH FLOWS ----------------------------------------------- 10 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ----------------------------------- 12 152, Teheran-ro, Gangnam-gu, Seoul 06236 (Yeoksam-dong, Gangnam Finance Center 27th Floor) Republic of Korea Independent Auditors’ Review Report The Board of Directors and Shareholders Hyundai Motor Company: Reviewed financial statements We have reviewed the accompanying condensed consolidated interim financial statements of Hyundai Motor Company and its subsidiaries (the “Group”), which comprise the condensed consolidated statement of financial position as of March 31, 2021, the condensed consolidated statements of income, comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2021 and 2020 and notes, comprising a summary of significant accounting policies and other explanatory information. Management’s responsibility Management is responsible for the preparation and fair presentation of these condensed consolidated interim financial statements in accordance with Korean International Financial Reporting Standards (“K- IFRS”) No.1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ review responsibility Our responsibility is to issue a report on these condensed consolidated interim financial statements based on our reviews. We conducted our reviews in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements referred to above are not prepared, in all material respects, in accordance with K-IFRS No.1034 Interim Financial Reporting. Other matters The consolidated statement of financial position as of December 31, 2020, and the related consolidated statements of income, comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and our report thereon, dated March 9, 2021, expressed an unqualified opinion. The accompanying statement of financial position as of December 31, 2020, presented for comparative purposes, is not different from that audited by other us from which it was derived in all material respects. The procedures and practices utilized in the Republic of Korea to review such condensed consolidated interim financial statements may differ from those generally accepted and applied in other countries. Seoul, Korea May 17, 2021 This report is effective as of May 17, 2021, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed consolidated interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any. - 2 - HYUNDAI MOTOR COMPANY AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2021 AND 2020 The accompanying consolidated financial statements, including all footnote disclosures, were prepared by, and are the responsibility of, the Company. Chang, Jae Hoon Chief Executive Officer HYUNDAI MOTOR COMPANY Main Office Address: (Road Name Address) 12, Heolleung-ro, Seocho-gu, Seoul (Phone Number) 02-3464-1114 - 3 - HYUNDAI MOTOR COMPANY AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2021 AND DECEMBER 31, 2020 ASSETS NOTES March 31, 2021 December 31, 2020 (In millions of Korean Won) Current assets: Cash and cash equivalents 20 ￦ 11,035,251 ￦ 9,862,136 Short-term financial instruments 20 7,684,114 7,219,695 Other financial assets 5,20 11,927,535 12,897,108 Trade notes and accounts receivable 3,20 3,165,204 3,283,972 Other receivables 4,20 3,958,271 4,016,972 Inventories 6 12,259,986 11,333,734 Current tax assets 120,961 138,848 Financial services receivables 14,20 33,091,798 32,596,052 Non-current assets classified as held for sale 8 288,950 304,469 Other assets 7,20 2,015,143 2,033,371 Total current assets 85,547,213 83,686,357 Non-current assets: Long-term financial instruments 20 80,582 61,859 Other financial assets 5,20 3,027,991 2,779,227 Long-term trade notes and accounts receivable 3,20 120,841 124,269 Other receivables 4,20 712,871 702,341 Property, plant and equipment 9,40 34,126,264 34,092,229 Investment property 10,40 159,983 160,967 Intangible assets 11,40 5,860,902 5,677,567 Investments in joint ventures and associates 13 20,412,679 19,925,260 Deferred tax assets 2,775,397 2,847,454 Financial services receivables 14,20 39,558,302 37,069,158 Investments in operating leases 15 21,939,480 20,501,691 Right-of-use assets 12 876,854 836,324 Other assets 7,20 951,188 879,509 Total non-current assets 130,603,334 125,657,855 Total assets ￦ 216,150,547 ￦ 209,344,212 (Continued) - 4 - HYUNDAI MOTOR COMPANY AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2021 AND DECEMBER 31, 2020 LIABILITIES AND EQUITY NOTES March 31, 2021 December 31, 2020 (In millions of Korean Won) Current liabilities: Trade notes and accounts payable 20 ￦ 9,638,600 ￦ 8,793,179 Other payables 20,39 4,057,748 6,123,714 Short-term borrowings 16,20,40 14,944,240 13,780,670 Current portion of long-term debt and debentures 16,20,40 16,612,329 16,104,005 Income tax payable 593,396 548,733 Provisions 17 6,583,181 6,360,770 Other financial liabilities 18,20 10,557 100,328 Lease liabilities 12,20 141,492 141,478 Non-current liabilities classified as held for sale 8 121,382 214,066 Other liabilities 19,20 8,830,061 7,292,585 Total current liabilities 61,532,986 59,459,528 Non-current liabilities: Long-term other payables 20,39 790,694 798,547 Debentures 16,20,40 52,580,631 48,795,361 Long-term debt 16,20,40 12,111,681 12,726,724 Net defined benefit liabilities 35 324,892 247,566 Provisions 17 4,099,894 4,010,118 Other financial liabilities 18,20 240,616 459,507 Deferred tax liabilities 3,476,991 3,277,573 Lease liabilities 12,20 676,983 615,566 Other liabilities 19,20 2,791,518 2,612,752 Total non-current liabilities 77,093,900 73,543,714 Total liabilities 138,626,886 133,003,242 Equity: Capital stock 21 1,488,993 1,488,993 Capital surplus 22 4,025,526 4,190,093 Other capital items 23 (1,700,592) (1,700,592) Accumulated other comprehensive loss 24 (2,726,493) (3,409,661) Retained earnings 25 69,514,146 68,911,800 Equity attributable to the owners of the Company 70,601,580 69,480,633 Non-controlling interests 6,922,081 6,860,337 Total equity 77,523,661 76,340,970 Total liabilities and equity ￦ 216,150,547 ￦ 209,344,212 (Concluded) See accompanying notes to the consolidated financial statements. - 5 - HYUNDAI MOTOR COMPANY AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2021 AND 2020 Three-month period ended March 31, NOTES 2021 2020 (In millions of Korean Won, except per share amounts) Sales 27,40 ￦ 27,390,871 ￦ 25,319,448 Cost of sales 32 22,354,301 21,054,138 Gross profit 5,036,570 4,265,310 Selling and administrative expenses 28,32 3,379,955 3,401,534 Operating profit 1,656,615 863,776 Gain on investments in joint ventures and associates, net 29 360,607 85,819 Finance income 30 171,764 249,737 Finance expenses 30 146,950 326,151 Other income 31 427,469 449,770 Other expenses 31,32 423,228 598,683 Profit before income tax 2,046,277 724,268 Income tax expense 34 524,052 171,586 Profit for the period ￦ 1,522,225 ￦ 552,682 Profit attributable to: Owners of the Company 1,327,250 463,314 Non-controlling interests 194,975 89,368 Earnings per share attributable to the owners of the Company: 33 Basic earnings per share: Common stock ￦ 5,095 ￦ 1,772 1st preferred stock ￦ 5,108 ￦ 1,784 Diluted earnings per share: Common stock ￦ 5,095 ￦ 1,772 1st preferred stock ￦ 5,108 ￦ 1,784 See accompanying notes to the consolidated