Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q3 2014 Earnings Presentation
20 slides from Tisco Financial Group Public's earnings presentation, Oct 15, 2014
Slide 1: TISCO Financial Group Analyst Meeting 3Q/2014
TISCO Financial Group Public Co., Ltd. Analyst Meeting 3Q/2014 October 15, 2014
Slide 2: 3Q/2014 Financial Results
TISCO 3Q/2014 Financial Results
Slide 3: Consolidated Income Statements
Consolidated Income Statements Unit: Million Baht 3Q13 2Q14 3Q14 %QoQ %YoY 9M13 9M14 %YoY Interest income 4,944 4,858 4,757 (2.1) (3.8) 14,177 14,613 3.1 Interest expense (2,627) (2,435) (2,255) (7.4) (14.2) (7,528) (7,382) (1.9) Net interest income 2,317 2,423 2,502 3.2 8.0 6,649 7,231 8.8 Fee and
Slide 4: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 3.6% QoQ 4.3% QoQ 11.6% YTD 12.9% YTD 359,263 329,489 336,044 317,658 Other assets 305,847 292,740 Debentures Interbank & MM Interbank & MM 81% 85% 87% Investments 89% 88% 88% Deposits & ST Loans Borrowings 2013 2Q14 3Q1
Slide 5: Loan Portfolio
Loan Portfolio Total Loan Portfolio Unit: Million Baht 2.0% QoQ 5.9% YTD 292,151 280,276 274,779 11% 9% 9% Other Loans 18% 19% 20% SME Loans 70% 70% 71% Corporate Loans Retail Loans 2013 2Q14 3Q14 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht 11.8% QoQ Unit: Million Ba
Slide 6: Retail Loan Portfolio
Retail Loan Portfolio Retail Loan Breakdown 2Q14 HP New Car, 74.1% Consumer Finance, 7.4% Motorcycle HP, 1.4% Others, 0.7% HP Used Car, 16.4% 6
Slide 7: Industry Car Sales and Penetration Rate
Industry Car Sales and Penetration Rate Industry New Car Sales Units 160,000 2011 2012 120,000 2013 80,000 2014 40,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TISCO Auto HP Penetration Rate No. of New Car Sales ('000 Units) Penetration Rate (%) 1,436 11.0% 1331 9.1% 8.4% 8.5% 8.6% 8.7% 7.5
Slide 8: Loan Spread and Net Interest Margin
Loan Spread and Net Interest Margin Yield on Loans and Cost of Funds 7.1 6.8 6.7 6.7 6.6 6.6 6.6 6.5 6.5 6.5 6.5 6.5 % Yield on loans 4.8 4.8 % Loan spread 3.6 3.6 3.5 3.4 3.5 3.5 3.5 3.5 3.3 3.4 2.3 % Cost of funds 2.0 3.1 3.1 3.1 3.1 3.0 3.1 3.1 3.0 3.2 3.1 2009 2010 2011 2012 2013 1Q13 2Q13 3Q13
Slide 9: Asset Quality
Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 2.3% 2.4% 1.7% 1.7% 1.9% 1.4% 1.2% 1.3% 1.5% 1.5% 6,366 6,470 5,366 4,966 4,966 4,069 4,197 3,099 3,404 2,612 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 2013 2Q14 3Q14 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Mi
Slide 10: Provisions
Provisions Provision Expense and Credit Cost Unit: Million Baht Provision expense (Million Baht) % Credit cost 4,141 2.2% 1.6% 1.7% 1.7% 1.5% 1.5% 1.2% 1.1% 0.8% 0.9% 1,922 1,613 1,283 1,176 1,220 1,149 940 810 778 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 Minimum Required Provision vs Actua
Slide 11: Deposits
Deposits Total Deposits & Bill of Exchanges Unit: Million Baht 4.2% QoQ 299,481 14.1% YTD 268,546 10% 257,191 13% LT Bill of Exchanges 16% ST Debentures 74% ST Bill of Exchanges 66% 61% Fixed Deposits CASA 14% 18% 19% 2013 2Q14 3Q14 Unit: Million Baht 2013 2Q14 3Q14 %QoQ %YTD Current 2,481 3,055 2,9
Slide 12: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 0.4% QoQ 4.5% YoY IB, 0.1% 4,280 1.3% YoY Brokerage, 4,086 19.8% Bancassurance, 37.8% Banking Fee 61.4% HP Related, 8.4% 1,343 1,367 1,361 AM, 18.7% Other Banking, 15.2% 9M13 9M14 3Q13 2Q14
Slide 13: Asset Management Business
Asset Management Business TISCO Asset under Management Unit: Million Baht 1.5% QoQ 164,844 167,375 5.8% YTD 158,262 19% 18% Rank #9 20% 17% 18% 15% Private Fund Mutual Fund 65% 64% 64% Provident Fund 2013 2Q14 3Q14 Provident Fund Private Fund Mutual Fund Unit: Million Baht 2.1% QoQ Unit: Million Bah
Slide 14: Brokerage Business
Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 625,096 3.2% 3.1% 3.1% 3.1% 3.1% 3.0% 2.9% 2.7% 2.8% 2.6% 408,339 321,303 205,877 182,798 139,846 153,247 96,575 96,850 119,921 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 TISCO Trading Volume
Slide 15: Operating Expenses
Operating Expenses Cost to Income Ratio Cost to Total Assets Ratio Cos t-to-i ncome Cos t-to-i ncome net * Cost to total assets Cost to total assets - net * 41.9 41.2 37.9 37.4 38.6 37.1 35.8 37.9 36.6 36.0 2.0 1.9 1.8 1.9 1.8 1.7 1.7 1.8 1.7 1.7 9M13 9M14 3Q13 2Q14 3Q14 9M13 9M14 3Q13 2Q14 3Q14 Uni
Slide 16: Capital Adequacy
Capital Adequacy Capital Adequacy Ratio of TISCO Bank 16.2% 14.9% 15.4% 13.3% 13.4% 13.3% 13.8% 13.4% 14.3% 12.9% 11.5% 12.2% 9.9% 9.5% 9.4% 9.0% 9.2% 9.0% 9.2% 8.3% 29,907 28,897 27,170 Capital Base (MB) 25,746 25,612 25,746 24,712 22,819 BIS Ratio (%) 22,006 Tier I (%) 18,493 2011 2012 2013 1Q13 2
Slide 17: Employee and Branch Network
Employee and Branch Network Total Branch Network 142 142 137 132 87 57 2011 2012 2013 1Q14 2Q14 3Q14 17
Slide 18: Disclaimer
Disclaimer This presentation material may contain forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward looking statements as a result of various factors. TISC
Slide 19: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/49 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6868 Fax: +66-2-633-6855 Email: ir@tisco.co.th Website: www.tisco.co.th 19
Slide 20: WEALTH OF POSSIBILITIES
WEALTH OF POSSIBILITIES
TISCO Financial Group Public — Q3 2014 Earnings Presentation on 6ix