’20.4Q ’19.

4Q 2020 2019
YoY YoY

Sales 688.7 20.0 574.1 2,617.5 -8.2 2,852.1

Operating Profit 12.7 84.1 6.9 91.6 -42.0 158

O/P Margin(%) 1.8 0.6p 1.2 3.5 -2.0p 5.5

Non-Operating Profit -49.1 - -38.5 -82.3 - -87.3

Interest Income -4.2 - -4.3 -20.5 - -20.3

Gains and Losses on
-9.9 - -7.2 -22.2 - 8.5
Foreign exchange
Net Profit -17.1 - -18.9 8.5 -83.3 50.9
Profit attributable to Turn to
-23.7 - -36.7 -9.7 3.2
owners of the company loss
•
Operating Profit Analysis Quarterly Changes of Profit

1.8%
 ‘20.4Q 19.4Q 2020 2019
YoY YoY

Direct
157.7 -1 160.1 631.0 -17 763.6
Exports 13 15 10 12 10 11
12 9
India 86.6 93 44.9 220.9 -11 248.1
12 23 21
24 29 25 25
China 185.0 35 137.0 808.7 13 716.2 42
10
11 9
North 8 8
77.8 -4 81.3 293.7 -33 438.7 8 12
America
3
Europe 78.7 -12 89.7 307.8 -15 362.8

Domestic 149.2 56 95.8 567.2 25 455.1

•
 2020 2019 2018 2017 2020 2019 2018 2017

Total Assets 3,355.9 3,188.0 3,126.5 2,228.7

Current Ratio
Current Assets 2,261.7 2,151.5 2,203.9 1,553.5 196% 204% 233% 198%
(Current Assets /
Current Liabilities)
AR and others 740.0 747.7 595.9 425.5

Cash & Cash Equivalents 892.8 637.5 522.2 426.0

Debt Ratio
Non-current Assets 1,094.1 1,036.5 922.7 675.2 111% 102% 99% 90%
(Total Liabilities /
Total Assets)
Total Liabilities 1,768.3 1,610.9 1,558.3 1,057.7

Current Liabilities 1,156.5 1,052.8 945.1 785.6

Borrowing Ratio
AP and others 355.8 292.3 410.1 278.6 77% 71% 62% 58%
(Borrowings /
Total Equity)
Non-current Liabilities 611.8 558.1 613.2 272.1

Borrowings 1,214.5 1,121.8 966.0 673.8

Net Borrowing Ratio
Net Borrowings 321.7 484.2 443.7 247.8 20% 31% 28% 21%
(Net Borrowings /
Total Equity)
Total Equity 1,587.5 1,577.1 1,568.2 1,170.9
(unit : 1,000 units) (unit : 1,000 units)

513
461 470
~490

• Based on Excavator and Wheel loader • Excluding China Japan and class 3 forklift
(Only Excavator in China and India) • Source : World Industrial Truck Statistics (WITS)
• Source : CCMA, ISC, AEM and Hyundai Construction Equipment internal data
and Hyundai Construction Equipment internal data
(unit : 1,000 units) (unit : 1,000 units)
±5%
350 +36%
300 25
250 20
200
15
150
100 10
50 5
0 0
(unit : 1,000 units) (unit : 1,000 units)

+10% 300 +2%

80 250
60 200
150
40
100
20
50
0 0
Business Goal : 2,751 bil KRW
 1,000,000 18.0%

900,000 15.2% (E) 16.0%

13.4% 13.6%
800,000 14.0%
700,000 11.7% 11.6% 11.5%
12.0%
600,000
10.0%
500,000
8.0%
400,000
6.0%
300,000
521,000 555,000 513,000
460,000 469,000 461,000 4.0%
200,000

100,000 2.0%

0 0.0%
2015 2016 2017 2018 2019 2020 (E)

Global
글로벌 Demand
시장수요 Economic
경제형 지게차 Forklift
비중 Proportion

• Note : Demand of Chinese and Japanese market, Class 3 demand are excluded
• Source : World Industrial Truck Statistics (WITS) and HCE internal data