Krungthai Card Public Co. Ltd. · SET:KTC
Krungthai Card Public — Q1 2024 Earnings Presentation
20 slides from Krungthai Card Public's earnings presentation, 2024
Slide 1: KTC Performance 1Q24
KTC PERFORMANCE 1Q24 Outstanding IR 2022-2023
Slide 2: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 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 and later listed on the SET in October 2002 Shareholder Structure
Slide 4: Business Structure & BOT Regulations
Business Structure & BOT Regulations %Total Receivables Credit Personal Auto Title Hire Personal Loan Credit Card 31.5% Card Loan Loan Purchase 65.7% Multipurpose Multipurpose Multipurpose Multipurpose Type of Loan Unsecure Unsecure Secured or Unsecure Secured Nationwide Nationwide Nationwide 105,34
Slide 5: Sustainable Household Debt Solution Framework
Sustainable Household Debt Solution Framework Responsible Lending (RL) Product Consideration of customers’ debt Development Advertising Sales Process repayment capability (affordability) Risk-Based Debt Service Pricing (RBP) Ratio (DSR) Discipline Promotion and Compliance with Laws Persistent Debt (
Slide 6: Key Highlights 1Q24
Key Highlights 1Q24 Total Revenue Net Profit 6,763 MB 1,803 MB 11.7% (YoY) 3.7% (YoY) Sustainable Profit Generation Total Portfolio 105,347 MB 2.0% (YoY) Steady Portfolio Expansion Credit Card Personal Loans Leasing 69,213 MB 33,149 MB 2,985 MB Continuous Card Spending Growth 2.3% (YoY) 2.4% (YoY) 9
Slide 7: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 7
Slide 8: Financial Result 1Q24
Financial Result 1Q24 Total Revenue 6,763 11.7% Total Expense 4,504 20.4% Million Baht (YoY) Million Baht (YoY) Total Revenue Total Operating Expense 2,369 19.4% Unit: MB Million Baht (YoY) 23,231 25,418 21,442 Cost to Income Ratio 6,055 6,763 34.2% 34.9% 34.6% 35.0% 32.8% 8,801 8,117 7,326 16,020 3
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 6.4% 502% 476% 502% 5.9% 5.3% 465% 435% 4.7% 5.2% 6.3% 5.4% 5.0% 4.8% 476% 400% 463% 4.7% 354% 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 66.4 112.8 70.00 10.0% 101.8 106.4 61.6 89.5 59.3 9.0% 77.0 54.4 60.00 70.2 68.8 8.0% 62.4 50.00 7.0% 35.8 37.6 27.1 31.6 71% 6.0% 74% 40.00 76% 5.0% 2.30 2.22 2.15 1.83 30.00 80% 4
Slide 11: Profitability Ratio
Profitability Ratio Yield on Loan & NIM & COF Net Profit Margin 14.9% 14.6% 14.8% 14.7% 14.7% 31.1% 29.5% 30.9% 13.3% 13.2% 13.2% 13.2% 13.1% 28.9% 27.9% 30.5% 30.9% 28.7% 2.5% 2.4% 2.7% 2.6% 2.9% 27.4% 26.7% 2021 2022 2023 1Q23 1Q24 2021 2022 2023 1Q23 1Q24 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 Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 12
Slide 13: Credit Card Industry & Market Share
Credit Card Industry & Market Share Credit Card Penetration 50.0% 30.0% 1.0% 3.1% 3.4% 4.2% 4.2% 2.2% 1.6% 2.6% 1.9% -6.2% 10.0% -10.0% 12.00 Unit: Baht Trillion 10.34 9.47 50.0% 8.42 10.00 8.00 8.30 7.06 7.30 7.58 8.00 6.79 6.96 21.1% 21.6% 22.8% 23.6% 19.8% 19.6% 21.2% 21.0% 30.0% 6.00 19.3% 20.0%
Slide 14: Credit Card Performance
Credit Card Performance Portfolio Growth Portfolio Quality KTC 15.4% 2.5% 2.6% (%Y/Y) 7.2% 1.8% 1.9% 2.3% Industry Industry 1.9% 8.5% KTC (%Y/Y) -0.1% 3.3% 1.2% 1.2% 0.5% 1.1% 1.1% 69,462 74,441 738 851 804 60,201 69,213 730 2021 2022 2023 1Q24 2021 2022 2023 1Q24 Total Credit Card Receivables (Mill
Slide 15: Personal Loan Performance
Personal Loan Performance Portfolio Growth Portfolio Quality 17.9% 13.5% 12.2% 4.2% 4.3% Industry (%Y/Y) 9.1% 2.9% NPL Industry 2.5% KTC (%Y/Y) 10.4% NPL KTC 7.5% 2.9% 2.8% 3.0% 2.4% 2.1% -2.3% 32,283 34,716 33,149 1,024 29,235 843 896 699 2021 2022 2023 1Q24 2021 2022 2023 1Q24 Total Personal Loan
Slide 16: 4 Target vs Actual
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 16
Slide 17: Target vs Actual
Target vs Actual Target 2024 Actual 1Q24 Net Profit (MB) > 7,295 1,803 Total Portfolio Growth 6 - 7% 2.0% Credit Card Spending Growth 15% 8.5% KTC PROUD Portfolio Growth 5% 3.9% (0-90 Days) New Booking of 6,000 611 P BERM Car for Cash (MB) Portfolio Quality (%NPL) < 2.0% 2.0% KRUNGTHAI CARD PUBLIC C
Slide 18: 5 KTC Sustainability
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 18
Slide 19: Sustainability Overview
Sustainability Overview KTC is a membership company in payment and retail lending business Vision with 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 Social Enviro
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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