Hyundai Mobis (A012330) Investor Day 2024 summary

Strategic direction and technology leadership

• Pursuing qualitative, profitability-driven growth by focusing on market-leading technologies, resource efficiency, and global customer expansion.

• Emphasizing electrification, electronics, and chassis safety as core business areas, with aggressive R&D and CapEx investments.

• Developing EREV technology, entry-level EV products, and battery safety innovations to address evolving market needs.

• Advancing next-gen electronics, SDV platforms, and premium audio/infotainment systems, including partnerships with ZEISS and other global brands.

• Targeting leadership in X-by-Wire, EMB, and steer-by-wire technologies, aiming for 10% global chassis and safety market share by 2032.

Key performance and growth momentum

• Revenue grew from 37 trillion KRW in 2020 to 59 trillion KRW in 2023, with CAPEX and R&D investments increasing to 1.6 and 1.7 trillion KRW, respectively.

• Global OE order intake rose from $1.8B in 2020 to $9.2B in 2023, reflecting strong expansion in non-captive business.

• Achieved best ratings in win-win growth index for six consecutive years and highest ever credit rating (A3 by Moody's).

• Patent applications reached 8,000 cases between 2021 and 2023, with multiple world-first innovations.

• Strategic focus on expanding non-captive business, enhancing profitability, and leveraging advanced technologies.

Global customer and business expansion

• Aiming to increase global customer share from 10% to 40% by 2033, with a tenfold growth in global OE business over the next decade.

• Expanding partnerships with 24 OEMs worldwide, including recent wins in Europe, North America, India, and China.

• Shifting from a Hyundai-Kia-centric model to a diversified global customer base, supported by localized operations and customer-focused sales teams.

• Building long-term, platform-based contracts and company-to-company partnerships for recurring business and cost efficiencies.

• Order intake from five key customers rose from 37% in 2019 to 94% in 2023.