Far Eastern International Bank · TWSE:2845
Far Eastern International Bank — Q3 2024 Earnings Presentation
21 slides from Far Eastern International Bank's earnings presentation, Nov 22, 2024
Slide 1: Investor Conference 3Q'2024
Investor Conference 3Q’2024 11/22’2024
Slide 2: Far Eastern Group
Far Eastern Group Established in 1937 Span over 10 major industries 9 public listed companies in Taiwan and HK Total Asset of NT$3,364.56 Bn. (3Q’24) Petrochemical & energy Polyester & synthetic fiber Cement & building material Retail & department store Financial services – 11 companies in o
Slide 3: Contents
Contents Financial Highlights Key Strategies 3
Slide 4: Highlights
Highlights Asset expansion Exceeded FY2024 budget by 103%. Profitability growth Delivered record high YTSep. NI compared to historical same period of earnings. Achieved 85% of FY2023 NI, and almost the whole year of 2022 earnings. Financial strength Good capital strength, by above - industry
Slide 5: Assets & Net Worth
Assets & Net Worth Assets Net Worth (NT$Bn) (NT$Bn) YoY YoY +5.7% YoY YoY +7.0% +4.9% 845 +7.1% 793 799 37 741 39 60 59 58 61 37 54 55 33 48 0.03 44 258 18 17 17 240 248 16 225 0 490 41 41 41 43 438 468 458 -2 -0.2 -1 YE'22 YE'23 9/30'23 9/30'24 YE'22 YE'23 9/30'23 9/30'24 Loan Investment
Slide 6: Loans & Deposits
Loans & Deposits Gross Loan Deposit (NT$Bn) (NT$Bn) YoY YoY YoY YoY +6.9% +6.8% +6.7% +8.8% 496 711 474 464 661 665 444 607 15% 22% 14% 14% 21% 21% 22% 13% 9% 7% 8% 11% 31% 32% 29% 35% 33% 36% 36% 34% 11% 11% 12% 12% 13% 13% 15% 14% 43% 42% 41% 42% 20% 24% 23% 21% YE'22 YE'23 9/30'23 9/30'24 YE'
Slide 7: Asset Quality
Asset Quality NPL Ratio NPL Coverage Ratio Loan Coverage Ratio 0.36% 2036% 1.39% 1.38% 1.36% 1.36% 1145% 1192% 0.16% 0.14% 1.36% 0.15% 907% 1.28% 1.29% 1.28% 0.15% 969% 855% 893% 0.11% 0.11% 0.06% 392% YE'22 9/30'23 YE'23 9/30'24 YE'22 9/30'23 YE'23 9/30'24 YE'22 9/30'23 YE'23 9/30'24 Indust
Slide 8: Revenue & PPOP
Revenue & PPOP Revenue PPOP (NT$Bn) (NT$Bn) YoY YoY YoY YoY +9.0% +1.1% +10.8% -5.2% 12.8 11.7 0.6 0.4 5.2 1.8 3.1 9.8 9.9 4.7 4.2 0.5 0.4 4.0 2.5 2.3 2.8 +20.7% 2.6 2.0 2.3 +12.5% 7.0 6.5 5.0 4.5 (10.3%) 2022 2023 Y-T-Sep'23 Y-T-Sep'24 2022 2023 Y-T-Sep'23 Y-T-Sep'24 NII Fee Trading Oth
Slide 9: LDR & Funding SWAP
LDR & Funding SWAP Gross L-D ratio NII & Funding SWAP (NT$Bn) 8.0 6.0 73.12% 72.48% 72.49% 1.3 1.3 72.25% 1 1 4.0 0.9 71.72% 7.0 3.0 71.44% 6.5 5.0 4.5 0.5 0.5 69.77% 0.3 69.84% 0.0 0.0 YE'22 9/30'23 YE'23 9/30'24 2022 2023 Y-T-Sep'23 Y-T-Sep'24 By year-end balance By averaged balance NII
Slide 10: Fee Income & Trading Income
Fee Income & Trading Income Fee Income Trading Income (NT$Bn) (NT$Bn) YoY YoY YoY +20.7% +4.7% +12.5% 2.8 2.6 2.3 0.3 +23% 2.5 2.3 0.3 (7%) 0.6 2.0 0.2 0.7 0.4 0.4 0.5 1.1 +69% 0.7 1.8 2.0 1.8 +21% 1.5 1.1 1.1 (1%) 2022 2023 Y-T-Sep'23 Y-T-Sep'24 Y-T-Sep'23 Y-T-Sep'24 Credit Derivatives Deri
Slide 11: Provision & Income before tax
Provision & Income before tax Provision Cost IBT (NT$Bn) (NT$Bn) YoY YoY YoY YoY -0.7% -86.2% +12.3% +1.7% 4.7 4.2 3.9 4.0 0.9 1.0 0.7 0.5 0.5 0.5 0.4 0.4 0.5 0.4 0.3 0.05 2022 2023 Y-T-Sep'23 Y-T-Sep'24 2022 2023 Y-T-Sep'23 Y-T-Sep'24 Gross Provision cost Recovery Net Provision Cost 11 So
Slide 12: Profitability & Valuation
Profitability & Valuation EPS BVPS (NT$/Share) (NT$/Share) YoY YoY YoY YoY +3.0% +3.7% +7.1% -0.2% 1.03 14.47 14.18 14.16 1.00 0.80 0.83 13.51 2022 2023 Y-T-Sep'23 Y-T-Sep'24 YE'22 YE'23 9/30'23 9/30'24 12 Source: Consolidated number
Slide 13: Capital Adequacy
Capital Adequacy CET1 (unconsolidated) BIS (unconsolidated) 11.98 15.32 11.91 11.75 (%) 11.63 11.91 14.98 11.57 (%) 14.90 (as on 6/30’24) 11.43 15.03 14.73 11.11 (as on 6/30’24) 14.83 14.65 14.62 2022 9/30’23 3Q'23 2023 9/30’24 3Q'24 2022 9/30’23 3Q'23 2023 9/30’24 3Q'24 Industry FEIB Source
Slide 14: Contents
Contents Financial Highlights Key Strategies 14
Slide 15: Business Scale
Business Scale Assets Gross Loans (NT$Bn) (NT$Bn) Ach. % 98.7% Ach. % 103% 503 474 496 * 2023 9/30'24 2024 Deposits (NT$Bn) Ach. % 845 103% 824 793 711 688 661 2023 9/30'24 2024 * 2023 9/30'24 2024 * 15 *2024 Budget
Slide 16: Sustainable business strategy
Sustainable business strategy Expand business scale Sustain steady and continuing full-fledged business growth Look for external growth by consolidating FEG affiliates or external M&A Grow annual earnings Diversify revenue source, by accelerating fee income and trading income growth Enlarge
Slide 17: AI implication and application
AI implication and application Goal: Vast implication, embedded application, intelligent AI employees Strategy: identify 8 AI domains, and prioritize POCs 8 AI domains POCs – 7 Item Credit AI防詐 fraud AI AML AML review detection Internal process Document AI AML AI fraud automation generation de
Slide 18: Contents Appendix
& PEC LiLes i Far Eastern Intl Bank Contents o Appendix
Slide 19: Key financial summary
Contents (NT$ m, except percentages and per share data) As of or for 12 months ended (Consolidated) December 31 2022 2023 3Q'23 3Q'24 YoY Key balance sheet items Total assets 740,540 792,504 799,257 845,023 5.7% Gross loans 444,082 473,824 464,283 496,246 6.9% Deposits and remittances 607,424 660,74
Slide 20: THANK YOU
& PEC LiLes i Far Eastern Int'l Bank THANK YOU
Slide 21: Disclaimer
Disclaimer This presentation has been prepared by Far Eastern International Bank (the “Company”). This presentation and the materials provided herewith do not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an in
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