Shinhan Financial Group Co., Ltd. · KRX:055550

Shinhan Financial — Q1 2025 Earnings Presentation

32 slides from Shinhan Financial's earnings presentation, Apr 25, 2025

  1. Slide 1: Business Results 1Q 2025

    Business Results 1Q 2025 @ Shinhan Financial Group We belive finahee should be + Friendly, More secure, Creative

  2. Slide 2: Key takeaways: Implementation Assessment and 2025 Plan

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Key takeaways _ Implementation Assessment and 2025 Plan Committed to the full-scale execution of our 'Value-Up Plan’ based on robust fundamental capabilities to boost ROE and swift implementation of shareholder return measures ROE Shareholde

  3. Slide 3: Enhancing ROE·ROTCE Based on Stable CET1 Ratio

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix ①_ Enhancing ROE·ROTCE Based on Stable CET1 Ratio (Wtn) (Wtn) (Wtn) ROE * Group ROTCE * CET1 Ratio *  Common Equity(Avg.)  Common Net Income  ROE  Common Equity(Avg., excluding intangible assets)  RWA  CET1 Capital  CET1 Ratio  Commo

  4. Slide 4: Increase Speed of Shareholder Return

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix ②_ Increase Speed of Shareholder Return Shareholder Return Policy Shareholder Return Trend (Wbn)  Cash Dividend  Share Buyback  Shareholder Return Rate Consistent Policy 40.2% • Continuous enhancement • Simultaneous cash dividends and 36.

  5. Slide 5: Improving TBPS by reducing number of shares

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix ③_ Improving TBPS by reducing number of shares (Thousand Shares) (KRW) Share Buyback and Cancellations TBPS  Shares Outstanding  Number of Treasury Shares Acquired  TBPS (BPS) * Target +7,453 +2,870 130,000 +7,278 (+8.0%) (+2.9%) (+8.5%)

  6. Slide 6: 1Q25 Highlights

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix CET1 Ratio (Preliminary) DPS 1Q25 Net Income & EPS 13.27% (+21bp YTD) KRW 570 (Record date: May 2) 1.49 Wtn & KRW 12,180 RWA Share Buyback ROE / ROTCE (Annualized) 344.5 Wtn (+0.9% YTD) 286 Wbn 11.4% / 12.9% (650 Wbn scheduled for 1H25)  As

  7. Slide 7: Balance Sheet: Capital

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Balance Sheet_ ⓛ Capital (Wbn) 2025.03 2024.12 YTD YTD % (%, %p) CET1 Ratio Risk Weighted Assets 344,519.1 341,378.8 +3,140.3 +0.9%  Increase  Decrease  Total Shareholder Total Equity 55,027.6 53,904.9 +1,122.8 +2.1% Return +0.44 Δ0.12 (△

  8. Slide 8: Balance Sheet: Assets and Liabilities

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Balance Sheet_ ② Assets and Liabilities (Wbn) 2025.03 2024.12 YTD YTD % (Wtn) Group Total Assets Group Total Assets 746,222.3 739,764.3 6,458.1 0.9%  Securities*  Loans  Others +0.9% Loans 450,225.9 451,175.2 -949.3 -0.2% 739.8 746.2 Loan

  9. Slide 9: Profit and Loss: Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ① Income (Wbn) 1Q25 1Q24 1Q25 4Q24 YoY YoY % QoQ QoQ % (Wbn) Operating Income Operating Income before Expenses / Net Income 3,794.2 3,818.3 -24.1 -0.6% 3,794.2 3,159.9 634.4 20.1% before Expenses  Operating Income before E

  10. Slide 10: Profit and Loss: Interest Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ② Interest Income (Wbn) 1Q25 1Q24 1Q25 4Q24 YoY YoY % QoQ QoQ % (Wbn) Interest Revenue 7,067.9 7,190.5 -122.6 -1.7% 7,067.9 7,371.2 -303.3 -4.1% Interest Income  Bank  Non-bank Loans 5,436.9 5,565.5 -128.6 -2.3% 5,436.9 5

  11. Slide 11: Profit and Loss: Non-interest Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ③ Non-interest Income (Wbn) 1Q25 1Q24 1Q25 4Q24 YoY YoY % QoQ QoQ % (Wbn, %) Non-interest Income Non-interest Income 939.3 1,002.5 -63.1 -6.3% 939.3 250.3 689.1 275.3%  Fees & Commission  Securities & FX/Derivatives-relat

  12. Slide 12: Profit and Loss: G&A Expenses and Credit Costs

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ④ G&A Expenses and Credit Costs (Wbn) 1Q25 1Q24 1Q25 4Q24 YoY YoY % QoQ QoQ % (Wbn, %) G&A / CIR G&A Expenses 1,414.0 1,372.2 41.7 3.0% 1,414.0 1,783.1 -369.2 -20.7%  G&A Expenses (Group)  CIR (Group) 45.2 45.3 43.9 41.4

  13. Slide 13: Note: Asset Quality

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Note_ Asset Quality (Wbn) 2025.03 2024.12 YTD YTD % (Wbn, %) NPL Coverage Ratio Total Loans (Group)* 427,464.3 427,482.5 -18.2 -0.0%  NPL Coverage Ratio  Total Substandard & Below Loans  Loan Loss Allowance Normal 420,277.6 420,549.0 -271

  14. Slide 14: Note: Loss Absorption Capacity and Write-off/Disposition Status

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Note_ Loss Absorption Capacity and Write-off/Disposition Status (Wbn, %) 2019.12 2020.12 2021.12 2022.12 2023.12 2024.03 2024.06 2024.09 2024.12 2025.03 Group Total Loans 308,627.2 340,971.2 374,557.0 392,401.5 392,611.2 403,772.2 416,108.4

  15. Slide 15: Profit and Loss: Net Income by Subsidiaries and Overseas Business

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Profit and Loss _ ⑤ Net Income by Subsidiaries and Overseas Business* (Wbn) 1Q25 1Q24 1Q25 4Q24 YoY YoY % QoQ QoQ % (Wbn,%) Net Income by Business Unit** Bank 1,131.0 933.0 198.0 21.2% 1,131.0 593.7 537.3 90.5%  Bank  Consumer Finance  In

  16. Slide 16: Digital/SDGs: Digital, Digital to Value

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Digital/SDGs_ ① Digital, Digital to Value (Wbn, %) SFG Gross MAU 1 (in thousand persons) Financial Contribution  Finance Platform  Non-finance Platform  Digital Operating Profit before Expenses 2  Digital Cost Efficiency 3 26,210 26,390

  17. Slide 17: Digital/SDGs: Jeju Bank's ERP Banking Initiative

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Digital/SDGs_ ② Jeju Bank’s ERP Banking Initiative Jeju Bank’s New Business Initiative : ‘Digital Jeju’ ERP Banking Business Model: Providing ERP-integrated financial services for SME customers ● Expansion of digital channel-based operations

  18. Slide 18: Digital/SDGs: SDGs Initiatives

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Digital/SDGs_ ③ SDGs Initiatives CO2 Emissions Green Finance (Wtn) Inclusive Finance (Wtn)  Target  Emissions  Green Finance (New)  Green Finance (cumulative)  Inclusive Finance  Co-prosperity Finance Scope1+2 Emissions (thousand tCO2e

  19. Slide 19: Appendix

    Appendix 19

  20. Slide 20: Financial Highlights by Subsidiaries

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ① Financial Highlights by Subsidiaries (Wbn) Ownership Total Assets Shareholder’s Equity Profit for the Period* ROA ROE Bank 571,124.0 36,681.9 1,131.0 Shinhan Bank 100.0% 563,515.4 36,092.7 1,128.1 0.82% 12.39% Jeju bank 75.3% 7,6

  21. Slide 21: SFG Subsidiaries Asset

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ② SFG Subsidiaries Asset 2024.12 (Wbn) 2025.3 2024.12 2024.12 YTD YTD % QoQ QoQ % Weight % Bank 571,124.0 564,135.9 6,988.0 1.2% 76.7% Shinhan Bank 563,515.4 556,691.2 6,824.3 1.2% 75.7% Jeju Bank 7,608.5 7,444.8 163.8 2.2% 1.0% No

  22. Slide 22: Shinhan Bank Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ③ Shinhan Bank Income (Wbn) 1Q25 1Q24 1Q25 4Q24 1Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Income 2,475.2 2,405.4 69.9 2.9% 2,475.2 2,075.6 399.6 19.3% Interest Income 2,230.1 2,184.1 46.0 2.1% 2,230.1 2,232.5 -2.4 -0.1% Non-inte

  23. Slide 23: Shinhan Card Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ④ Shinhan Card Income (Wbn) 1Q25 1Q24 1Q25 4Q24 1Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Revenue 1,475.4 1,530.0 -54.6 -3.6% 1,475.4 1,855.8 -380.4 -20.5% Card Business 796.0 807.3 -11.3 -1.4% 796.0 823.8 -27.8 -3.4% Installmen

  24. Slide 24: Shinhan Securities Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑤ Shinhan Securities Income (Wbn) 1Q25 1Q24 1Q25 4Q24 1Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Operating Revenue 369.8 316.7 53.1 16.8% 369.8 255.2 114.7 44.9% Fee & Commission 204.3 191.0 13.3 7.0% 204.3 184.0 20.3 11.0% Brokerage fees

  25. Slide 25: Shinhan Life Insurance Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑥ Shinhan Life Insurance Income (Wbn) 1Q25 1Q24 1Q25 4Q24 1Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % APE* 357.6 515.4 -157.8 -30.6% 357.6 364.1 -6.5 -1.8% 515.4 -157.8 -30.6% Protection 333.1 490.8 -157.7 -32.1% 333.1 344.6 -11.5 -3.3% 490

  26. Slide 26: Shinhan Capital Income

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑦ Shinhan Capital Income (Wbn) 1Q25 1Q24 1Q25 4Q24 1Q24 YoY YoY % QoQ QoQ % Q/Q Q/Q % Opearting Income before Expenses 75.4 127.7 -52.3 -41.0% 75.4 42.2 33.2 78.5% Interest Income 118.6 141.5 -22.9 -16.2% 118.6 126.7 -8.1 -6.4% Non

  27. Slide 27: Shinhan Bank Loans & Deposits

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑧ Shinhan Bank Loans & Deposits 2025.03 (Wbn) 2025.03 2024.12 2024.12 YTD YTD % QoQ QoQ % Weight % Loans in KRW 321,525.1 320,223.3 1,301.8 0.4% 100.0% Retail 139,442.2 139,473.9 -31.7 -0.0% 43.4% Mortgage 70,909.6 71,503.0 -593.3

  28. Slide 28: Shinhan Bank Loans (Retail & Large Corporates)

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑨ Shinhan Bank Loans (Retail & Large Corporates) Delinquency Rate (Wbn) 2025.03 Weight % 2024.12 2024.12 YTD YTD % QoQ QoQ % 2024.3 2024.6 2024.9 2024.12 2025.03 Mortgage Loans 70,909.6 50.9% 71,503.0 -593.3 -0.8% 71,503.0 -593.3 -

  29. Slide 29: Shinhan Bank Loans (SME)

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑨ Shinhan Bank Loans (SME) Delinquency Ratio (Wbn) 2025.03 Weight % 2024.12 2024.12 YTD YTD % QoQ QoQ % 2024.3 2024.6 2024.9 2024.12 2025.03 SME Total 141,744.1 100.0% 140,618.1 1,126.0 0.8% 140,618.1 1,126.0 0.8% 0.42% 0.36% 0.39%

  30. Slide 30: Shinhan Card Assets and Funding

    Value-up Plan 1Q25 Highlight B/S P&L Digital/SDGs Appendix Appendix_ ⑩ Shinhan Card Assets and Funding 2025.03 (Wbn, %) 2025.3 2024.12 2024.12 YTD YTD % QoQ QoQ % Weight % Earning Assets 39,612.6 40,199.2 -586.5 -1.5% 40,199.2 -586.5 -1.5% 100.0% Credit Purchase 18,231.7 18,586.6 -354.9 -1.9% 18,586

  31. Slide 31: Disclaimer

    Disclaimer The financial information contained herein has not been reviewed by independent auditors. Therefore, no assurance is given that the financial information is accurate or complete, and such financial information may differ from the financial information to be contained in our financial stat

  32. Slide 32: Additional Notes

    Additional Notes Notes on ‘Digital, Digital to Value’ (p.17) Note1) SFG Gross MAU’ is the sum of the MAU of Shinhan’s financial platforms and the MAU of Shinhan’s non-financial platforms. The MAU figures are based on managed data. * The MAU figures for financial platform represent the sum of MAUs of

Shinhan Financial Group — Q1 2025 Earnings Presentation on 6ix