Hyundai Mobis

2019 2Q Business Results

July 24th, 2019

The financial numbers and statements included in the following presentation represent statements made before the accounting audit by external auditor for the financial results of 2019 2Q and are presented here today solely for the investors’ convenience. Part of the presentation is subject to change in the process of final accounting audit.

Also, this document contains certain “forward-looking statements,” and such forward-looking statements are made based on management’s current expectations, beliefs or plans, as well as assumptions based on information currently available to the management. Forward-looking statements relate to future events and address our expected future business condition and financial performance, and often contain words such as “forecast,” “proceed,” “plan,” “strategy.” Moreover, forward-looking statements are subject to changes in business conditions and are inherently susceptible to uncertainties that may cause our actual future results to materially deviate from those expressed in or implied by the forward-looking statements. Any projections in this document are made as of the date hereof taking into account current market conditions and the business direction of the Company, and may change based on any changes in market conditions or the Company’s strategies. The Company does not have any obligation to update or revise any forward-looking statements, regardless of the occurrence of new information, future events or otherwise.

Disclaimer

Contents

2

Appendix

Highlights

Financial Results

R&D & CAPEX

Income StatementEarnings by Business DivisionExpense & Gain/LossEarnings by Region

R&D Expenditure/Engineers, CAPEX

Balance SheetQuarterly Income StatementQuarterly Earnings by Business DivisionQuarterly Earnings by Region

Electrification Investment Plan Electrification Investment in 2019 2H

Non-Captive Market Orders Non-Captive Market Orders

Highlights ①

3

2019 2Q

Earnings

2019 2Q sales increased to ￦9.5 Tril., 6.5%↑YoY

- Module & core parts showed a sales growth of 5.2%(YoY), standing at ￦7.6 Tril., against weaker car production volume. The sales in electrification and core parts, helped by expansions in both BEV productionvolume and higher-value IVI products, drove the 5.2% growth.

- A/S sales showed a consistent growth of 12.0%(YoY) at ￦1.9 Tril. Solid growth in Mexico, Canada and India as well as strong dollar worked as positive factors.

Sales

2019 2Q operating profit reached ￦627.2 Bil., 18.1% ↑YoY

- Sales increase in core parts, A/S and favorable F/X led the growth in operating profit.

- 2019 1H order from non-captive OEs stood at $845 Mil.- The order includes core parts systems1) for EV makers in North America and Europe.

Operating Profit

Non-Captive Order

Non-Captive

1) Premium sound system, automatic parking control system (Near Field ADAS), etc.

Establishment of Open Innovation Center in Shenzhen, China- New “M.Cube,” an open innovation center, in Shenzhen, China in addition to the one in

Silicon Valley, U.S- Efforts to find start-ups in the fields of autonomous driving, artificial intelligence, robotics and big data- More investments to catch up future technologies, based on local open innovation networks

Joining U.S. MIT’s ILP*Program- First to become an ILP member as a Korean automotive parts manufacturer

Foundation for cooperation with 1,700 MIT start-ups- Exchange programs of researchers & developers with the MIT School of Engineering

(approx. 300 research labs and 3,000 engineers)- Boost to develop integrated future car technologies, by identifying new technological trends and

applying them to vehicle systems

Highlights ②

Cancellation of treasury stocks (April 30)- 2.1% of the shares issued or 2.04 million treasury shares canceled, within the range of profit available for dividend.

Interim dividend of ￦1,000 per share (25% of 2018 annual dividend)- The dividend will be paid on August 9 to the end-of-June shareholders.

Shareholder

Value

Maximization

Policy

Implementation of Shareholder Value Maximization Policy

Tech. Tie-ups

R & D

Record date of 43rd interim dividend· ￦1,000 /common share

Re-purchase oftreasury stocks· Approximately 1/3 of ￦1 trillion

42nd dividend payout

April 19 2nd Half of 2019 June 30

Announced policy ofshareholder return of

￦2.6 trillion over 3 years

February 26

Cancellation oftreasury stocks· 2.04 million shares (2.1%)

April 30

4

Income Statement

5

YoY QoQ

8,194 8,884 17,078 8,738 9,462 6.5% 8.3% 18,200 6.6%

1,058 1,150 2,209 1,133 1,321 14.8% 16.6% 2,453 11.1%

450 531 981 494 627 18.1% 27.0% 1,121 14.3%

Margin 5.5% 6.0% 5.7% 5.7% 6.6% 0.6%P 1.0%P 6.2% 0.4%P

615 737 1,352 716 877 19.0% 22.5% 1,593 17.9%

466 553 1,019 486 645 16.6% 32.7% 1,130 11.0%

Margin 5.7% 6.2% 6.0% 5.6% 6.8% 0.6%P 1.3%P 6.2% 0.2%P

1Q 2Q 1H 1Q 2Q

Net Profit

(in Bil. KRW)

2018 2019

YoY(Half Year)

1H

Sales

Gross Profit

OperatingProfit

Pre-taxProfit

Increase in global A/S sales-Sales growth in North America (especially in Mexico &

Canada) and India

Favorable F/X

Stronger sales in electrification- Traction motor, inverter, converter, OBC1),

battery system, etc.- Increased production volume of BEVs2), including

Kona EV

Increase in core parts sales- Expansion of sales in high-value added IVI3)

(e.g. D-Audio4))

Module assembly decline, due to weakercar production

※ Production at MNA-OH (Ohio) plant resumed.- Shutdown Period: April 2018-March 2019

Earnings by Business Division

Module and Core Parts

A/S Business

1) On Board Charger (two-way charger), 2) Battery Electric Vehicle3) In-Vehicle Infotainment, 4) Display Audio

YoY

Electrification 362 660 82.2%

Core Parts 1,795 1,986 10.7%

Module 5,044 4,932 -2.2%

7,201 7,578 5.2%

115 141 21.9%

Margin 1.6% 1.9% 0.3%P

1,683 1,884 12.0%

416 486 17.0%

Margin 24.7% 25.8% 1.1%P

8,884 9,462 6.5%

531 627 18.1%

Margin 6.0% 6.6% 0.6%P

(in Bil. KRW) 2018 2Q 2019 2Q

Module/

CoreParts

Sales

OperatingProfit

A/S

Sales

OperatingProfit

Total

Sales

OperatingProfit

6

Expense & Gain/Loss

7

SG&A Other & Financial Gain/Loss Gain (Loss) on Equity Method

·Ordinary R&D Expense increased by23.7% ·Gains on F/X and interests increased. ·Gain on equity method of affiliates increased.

(in Bil. KRW)Freight Charge

Ordinary R&D Expense

(in Bil. KRW) (in Bil. KRW)

619

693

182

225 65

74

2018 2Q 2019 2Q

+12.0%

17

51

2018 2Q 2019 2Q

+195.7%

189 199

2018 2Q 2019 2Q

+5.7%

Earnings by Region

8

America

Module/Parts Sales A/S Sales

Europe(in Bil. KRW)

Module/Parts Sales A/S Sales(in Bil. KRW)

※ For regional operating profit, consolidation adjustments were not applied

1,300

1,649

2018 2Q 2019 2Q

+26.9%

454

555

2018 2Q 2019 2Q

+22.3%1,043 1,035

2018 2Q 2019 2Q

-0.7%

(in Bil. KRW) 2018 2Q 2019 2Q

Sales 1,753 2,204

Operating Profit 67 100

Margin 3.8% 4.5%

281 320

2018 2Q 2019 2Q

+14.0%

(in Bil. KRW) 2018 2Q 2019 2Q

Sales 1,323 1,355

Operating Profit 84 93

Margin 6.3% 6.9%

Earnings by Region

9

China Others

Module/Parts Sales A/S Sales1)(in Bil. KRW)

Module/Parts Sales A/S Sales(in Bil. KRW)

1) For A/S Sales for China region, equity-method companies (BMP, MPJY) are excluded ※ For regional operating profit, consolidation adjustments were not applied

1,620

1,024

2018 2Q 2019 2Q

-36.8%

252 306

2018 2Q 2019 2Q

+21.3%

211 247

2018 2Q 2019 2Q

+17.4%

(in Bil. KRW) 2018 2Q 2019 2Q

Sales 1,632 1,034

Operating Profit 22 -42

Margin 1.3% -4.1%

(in Bil. KRW) 2018 2Q 2019 2Q

Sales 463 553

Operating Profit 27 35

Margin 5.9% 6.3%

12 10

2018 2Q 2019 2Q

-14.2%

Number of Engineers

626 697

770 835

948

2015 2016 2017 2018 2019 E

R&D Expenditure (in Bil. KRW)

R&D & CAPEX

10

2,420 2,666 2,896 3,213 3,589 646

753 789

913 1,004

2015 2016 2017 2018 2019 1H

Korea Overseas

3,066 3,419 3,685 4,126 4,593

2019 1H

432(46%)

(in Bil. KRW)

2019 1H237 (23%)

Electrification Investment in 2019 2H

Around ￦4 Tril. is scheduled for investments in production capacity expansions, over 3 years.- Preparation for a future market expansion in the fields of electrification and others

Shareholder Value Maximization Policy1)

○ Global first mover in the future hydrogen economy

Hydrogen Fuel Cell

○ Preparation for the expansion stage through additional investments in Chungju plant (￦380 Bil.)

1)Amongst the shareholder value maximization policies announced in February 2019, ③ Investment Directions (page 9)

○ New manufacturing lines for EV-specific platforms

Electrification Parts2)

○ Gradual expansion of facilities after the first phase(￦330 Bil.)

2) Traction motor, inverter, converter, OBC (On Board Charger, two-way charger) and battery system3) 4) PE Module: Power Electronics Module

2016 2017 2018 2019 2020 2021 2022 2023 2024 2030

Initial

Expansion

Popularization

· First mass production in 2013 (FCEV i35)· Best performance (700 bar tank and -25oC

low temperature ignition)· Construction of Chungju Fuel Cell

System Plant

· Mass production of 100kW NEXOFE systems

· Declaration of the era of hydrogen fuel cell vehicles (Dec. 2018)

· Expansion of Chungju Plant

· Sale of FC core parts to global OEs· Stable biz. for non-auto FC system· Global “first mover” in hydrogen

economy

`

Past Present Future

11

651 674 775

2017 2018 2019 P

Non-Captive Market Orders

289

733

852

2017 2018 2019 P

North America

1,215

1,657

2,116

2017 2018 2019 P

+16.2%+15.0%

China

+3.5%+153.6%

Premium Sound System

North American EV maker (A)

Production Site: Outsourcing

First to Win Contract for Supplying Premium Sound System to Global OE

First to Win Contract for Supplying Automatic Parking Control System

First to win contract for supplying sound systems to global OEs

Diversified line of products to be supplied to electric vehicle OEs in North America

New Order to Supply IVI products to Major Global OEs

Expansion of market share for supplying IVI products to major global OEs

Foundation for winning subsequent projects to supply IVI products

First to win contract for supplying automatic parking control systems to global OEs in Europe

Creation of new business opportunities through the supply of ADAS products

Near Field ADAS

European EV maker (B)

Production Site: Jincheon, South Korea

Global players (C)

Production Site: MTJ (Tianjin), ChinaICS

2019 1H

242(28%)

2019 1H

368(47%)

2019 1H

845(40%)

North

America

368

China

242

Europe

154

Japan

81

Stronger marketing activities with global OEs to supply new products, 2019 2H

12

Appendix

Balance Sheet

14

Change %

18,218 19,721 20,867 1,147 5.8%

(Cash & Equivalents) (9,044) (10,108) (10,954) (846) (8.4%)

23,519 23,351 23,990 640 2.7%

41,737 43,071 44,857 1,786 4.1%

7,893 8,242 8,615 373 4.5%

(Short-term Borrowings) (1,746) (1,642) (1,781) (138) (8.4%)

4,485 4,126 4,384 258 6.3%

(Long-term Borrowings) (1,320) (1,059) (1,053) (-6) (-0.6%)

12,378 12,368 12,999 631 5.1%

(Capital Stock) (491) (491) (491)

29,359 30,703 31,859 1,155 3.8%

42.2% 40.3% 40.8%

2019 2Q(in Bil. KRW) 2017 2018

Total Equity

L/E Ratio

Current Assets

Non-current Assets

Total Assets

Current Liabilities

Non-current Liabilities

Total Liabilities

Quarterly Income Statement

15

9,268 8,282 17,550 8,194 8,884 17,078 8,738 9,462 18,200

1,269 1,089 2,359 1,058 1,150 2,209 1,133 1,321 2,453

669 492 1,161 450 531 981 494 627 1,121

Margin 7.2% 5.9% 6.6% 5.5% 6.0% 5.7% 5.7% 6.6% 6.2%

963 690 1,653 615 737 1,352 716 877 1,593

762 482 1,244 466 553 1,019 486 645 1,130

Margin 8.2% 5.8% 7.1% 5.7% 6.2% 6.0% 5.6% 6.8% 6.2%

Pre-taxProfit

Net Profit

1Q 2Q 1H

Sales

Gross Profit

OperatingProfit

(in Bil. KRW)

2017 2018 2019

1Q 2Q 1H 1Q 2Q 1H

Quarterly Earnings by Business Division

16

1Q 2Q 1H 1Q 2Q 1H 1Q 2Q 1H

Electrification 212 301 513 304 362 666 575 660 1,234

Core Parts 1,717 1,594 3,311 1,535 1,795 3,330 1,886 1,986 3,872

Module 5,583 4,762 10,345 4,612 5,044 9,656 4,468 4,932 9,401

7,512 6,657 14,169 6,450 7,201 13,651 6,929 7,578 14,507

250 84 334 27 115 143 39 141 180

Margin 3.3% 1.3% 2.4% 0.4% 1.6% 1.0% 0.6% 1.9% 1.2%

1,756 1,625 3,381 1,744 1,683 3,427 1,809 1,884 3,693

418 409 827 423 416 838 455 486 941

Margin 23.8% 25.1% 24.5% 24.2% 24.7% 24.5% 25.1% 25.8% 25.5%

9,268 8,282 17,550 8,194 8,884 17,078 8,738 9,462 18,200

669 492 1,161 450 531 981 494 627 1,121

Margin 7.2% 5.9% 6.6% 5.5% 6.0% 5.7% 5.7% 6.6% 6.2%

(in Bil. KRW)2017 2018 2019

Module/

CoreParts

Sales

OperatingProfit

A/S

Sales

OperatingProfit

Total

Sales

OperatingProfit

Quarterly Earnings by Region

17

1Q 2Q 1H 1Q 2Q 1H 1Q 2Q 1H

3,381 3,596 6,977 3,342 3,713 7,054 3,887 4,316 8,203

429 301 730 314 331 645 325 442 767

Margin 12.7% 8.4% 10.5% 9.4% 8.9% 9.1% 8.4% 10.2% 9.4%

2,218 2,156 4,373 1,888 1,753 3,641 1,847 2,204 4,052

74 99 174 74 67 141 76 100 175

Margin 3.4% 4.6% 4.0% 3.9% 3.8% 3.9% 4.1% 4.5% 4.3%

1,292 1,289 2,581 1,306 1,323 2,629 1,277 1,355 2,632

76 84 160 75 84 159 93 93 186

Margin 5.9% 6.5% 6.2% 5.8% 6.3% 6.0% 7.3% 6.9% 7.0%

1,890 752 2,642 1,160 1,632 2,792 1,222 1,034 2,256

65 -21 44 -46 22 -24 -37 -42 -80

Margin 3.4% -2.8% 1.7% -3.9% 1.3% -0.9% -3.1% -4.1% -3.5%

487 490 977 498 463 961 504 553 1,057

24 28 53 32 27 60 38 35 73

Margin 5.0% 5.8% 5.4% 6.5% 5.9% 6.2% 7.5% 6.3% 6.9%

(in Bil. KRW)2017 2018 2019

Korea1)

Sales

Operating

Profit

America

Sales

Operating

Profit

Europe

Sales

Operating

Profit

China

Sales

Operating

Profit

Others

Sales

Operating

Profit

1) Including consolidation adjustments