Krungthai Card Public Co. Ltd. · SET:KTC
Krungthai Card Public — H1 2024 Earnings Presentation
20 slides from Krungthai Card Public's earnings presentation, Aug 14, 2024
Slide 1: KTC Performance 1H24
KTC PERFORMANCE 1H24 Outstanding IR 2022-2023
Slide 2: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 2
Slide 3: KTC Overview
KTC Overview • Incorporated in 1996 as a credit card servicing subsidiary company of Krungthai Bank PLC • In July 2002, KTB sold the credit card portfolio to KTC which subsequently transformed KTC into a full consumer finance company Shareholder Structure KTC Holding Structure Thai Institutional, To
Slide 4: Business Structure & BOT Regulations
Business Structure & BOT Regulations %Total Receivables Credit Personal Auto Title Hire Personal Loan Card Loan Loan Purchase Credit Card 32.2% 65.4% Multipurpose Multipurpose Multipurpose Multipurpose Type of Loan Unsecured Unsecured Secured or Unsecured Secured Nationwide Nationwide Nationwide Nat
Slide 5: 2024 KTC Debt Restructuring & BOT Relief Measures (Revised)
2024 KTC Debt Restructuring & BOT Relief Measures (Revised) Assistance Interest Period Measure Rate Minimum Change to Payment 15.75% Credit Card Long Term Per Annum 48 Months Personal Loan ▪ Extends the minimum payment at 8% from the end of 2024 to the end of 2025. ▪ Debtors who pay a minimum paymen
Slide 6: Key Highlights 1H24
Key Highlights 1H24 Total Revenue Net Profit 13,544 MB 3,629 MB 10.2% (YoY) 1.3% (YoY) Total Portfolio Prudent Asset Quality Management 105,803 MB 0.2% (YoY) Continuous Credit Card Spending Credit Card Personal Loans Leasing Growth Amid Challenging Economy 69,253 MB 34,028 MB 2,523 MB 0.9% (YoY) 1.9
Slide 7: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 9
Slide 8: Financial Result 1H24
Financial Result 1H24 Total Revenue 13,544 10.2% Total Expense 9,000 16.4% Million Baht (YoY) Million Baht (YoY) Total Revenue Total Operating Expense 4,728 14.8% Unit: MB Million Baht (YoY) 21,442 23,231 25,418 Cost to Income Ratio 12,295 13,544 34.2% 34.9% 34.6% 33.5% 34.9% 8,801 8,117 7,326 16,02
Slide 9: Expected Credit Loss
Expected Credit Loss Expected Credit Loss Allowance for Expected Credit Loss Credit Cost (Total ECL to Total Loan) NPL Coverage ratio (Total Allowance to NPLs) Separate Consolidated Separate Consolidated 465% 502% 476% 472% 5.9% 5.2% 5.3% 6.4% 403% 4.7% 5.4% 6.3% 476% 4.7% 5.0% 5.1% 400% 433% 363% 2
Slide 10: Balance Sheet and Source of Fund
Balance Sheet and Source of Fund Balance Sheet Highlight Interest Bearing Debt (Original Term) THB Billion THB Billion 112.8 107.5 101.8 70.00 66.4 10.0% 89.5 61.6 62.0 9.0% 77.0 54.4 71.3 60.00 70.2 62.4 8.0% 50.00 7.0% 31.6 35.8 36.2 27.1 71% 6.0% 40.00 74% 72% 5.0% 2.30 2.22 80% 2.15 1.97 30.00 4
Slide 11: Profitability Ratio
Profitability Ratio Yield on Loan & NIM & COF Net Profit Margin 14.9% 14.6% 14.8% 14.8% 14.7% 31.1% 30.1% 13.3% 13.2% 13.2% 13.3% 13.0% 29.5% 28.9% 27.6% 30.5% 29.9% 2.5% 2.4% 2.7% 2.6% 2.8% 28.7% 27.4% 26.8% 2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24 Yield on Loan Net Interest Margin (NIM)*
Slide 12: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 14
Slide 13: Credit Card Industry & Market Share
Credit Card Industry & Market Share Credit Card Penetration 50.0% 30.0% 3.1% 3.4% 4.2% 4.2% 2.2% 1.6% 2.6% 1.9% 1.5% 10.0% -10.0% -6.2% 10.34 12.00 Unit: Baht Trillion 9.47 50.0% 8.42 10.00 8.00 8.30 7.06 7.30 7.58 8.00 6.96 21.1% 21.6% 22.8% 23.6% 21.2% 21.0% 20.0% 19.8% 19.6% 20.4% 30.0% 6.00 2.58
Slide 14: Credit Card Performance
Credit Card Performance Portfolio Growth Portfolio Quality 15.4% 2.45% 2.81% KTC (%Y/Y) 1.89% 7.2% NPL Industry 1.77% Industry 1.9% 0.9% (%Y/Y) 8.5% NPL KTC 3.3% 1.23% 1.42% -0.1% 1.06% 1.15% -1.1% 69,462 74,441 69,253 60,201 738 730 851 976 2021 2022 2023 1H24 2021 2022 2023 1H24 Total Credit Card
Slide 15: Personal Loan Performance
Personal Loan Performance Portfolio Growth Portfolio Quality 17.9% 13.5% 4.20% 2.92% 3.44% Industry (%Y/Y) 9.1% NPL Industry 2.93% 7.5% KTC (%Y/Y) NPL KTC 10.4% 2.81% 2.99% 7.5% 2.54% 2.21% 1.9% 1,024 -2.3% 843 896 32,283 34,716 34,028 744 29,235 2021 2022 2023 1H24 2021 2022 2023 1H24 Total Persona
Slide 16: Agenda: Target vs Actual
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 18
Slide 17: Target vs Actual
Target vs Actual Target 2024 Actual 1H24 Net Profit (MB) > 7,295 3,629 Total Portfolio Growth 6 - 7% 0.2% Credit Card Spending Growth 15% 10% KTC PROUD Portfolio Growth 5% 3% (0-90 Days) New Booking of 6,000 1,263 P BERM Car for Cash (MB) Portfolio Quality (%NPL) ≤ 2.0% 1.97% KRUNGTHAI CARD PUBLIC C
Slide 18: Agenda: KTC Sustainability
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 20
Slide 19: Sustainability Overview
Sustainability Overview KTC is a member company in the payment and retail lending business Vision with an emphasis on being a trusted organization with sustainable growth To provide better financial products and services to enhance Purpose quality of life for all Thais Strategies Economic Dimension
Slide 20: Thank You
THANK YOU Disclaimer: This presentation is intended only for use by Krungthai Card Public Company Limited (KTC). No copy or use of this presentation should occur without the permission of KTC. KTC retains all intellectual property interests associated with the presentation. KTC makes no claim, promi
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