Seoul, Korea – May 16, 2024 Hyundai Motor Securities announced today a value-up plan aimed at enhancing corporate value. The plan includes increasing dividend payout ratios, improving the price-to-book ratio (PBR), and diversifying its business portfolio.

Dividend Payout Ratio to Exceed 40%, PBR Improvement Targeted

Hyundai Motor Securities set a goal of increasing its dividend payout ratio to over 40% within three years, which is 13% higher than the average of the past five years. The company also aims to maintain a consolidated dividend payout ratio of 30-35% by 2028.

Currently, Hyundai Motor Securities' PBR is lower than the industry average. To address this, the company will fully redeem and cancel all outstanding convertible preferred shares (CPS) in May this year. Additionally, the company plans to achieve a return on equity (ROE) of over 10% by 2028 to improve its PBR.

Mid-to-Long-Term Goals for Each Business Segment

Retail: Strengthen VVIP channel competitiveness, expand retirement pension business
Sales & Trading: Diversify revenue sources, increase financial product custody assets
Investment Banking: Diversify business portfolio, foster new technology finance companies and private equity funds (PEF)
A Hyundai Motor Securities official said, "Based on this plan, we will actively pursue corporate value-up and expand shareholder returns."