Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q2 2007 Earnings Presentation
17 slides from Tisco Financial Group Public's earnings presentation, Jul 13, 2007
Slide 1: Analyst Meeting 2Q07
Analyst Meeting 2Q07 13 July 2007 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 a
Slide 2: Agenda
Agenda • 2Q07 Achievements • 2Q07 Key Financial Results • 2H07 Outlook 2
Slide 3: 2Q07 Achievements
2Q07 Achievements • Resolutions of Shareholders Meeting on 20 April 2007 • Dividend payment on 18 May 2007 Dividend per share 2003 2004 2005 2006 • The issuance of revolving debentures: preferred share (baht) 1.65 2.30 3.00 3.00 30,000 million baht common share (baht) 0.65 1.30 2.00 2.00 • The cance
Slide 4: Changes in 2007
Changes in 2007 • Change of Accounting Policies Accounting Issue Key Points Impact Investment in subsidiaries - the cost method is applied to - Unequal net profit of consolidated from Equity to Cost investment in subsidiaries for separate financial statement and separate financial method financial s
Slide 5: 2Q07 Financial Highlights
2Q07 Financial Highlights (Million Baht) 2Q07 2Q06 %YOY 1H07 1H06 %YOY Interest income 1,882 1,420 32.6 3,568 2,763 29.1 Major drivers: • Continually gaining market Interest expense (998) (719) 38.8 (1,927) (1,269) 51.8 share as well as shifting to focus more on used cars market Net interest income
Slide 6: Revenue Structure
Revenue Structure 2006 1H07 Wholesales Loans Wholesales Loans - net Interbank & MM - - net Interbank & MM - 9% Retail Loans - net net 10% net 40% 5% Retail Loans - net 4% 44% Proprietary Proprietary 12% 8% Investment Banking Investment 0% Banking 0% Brokerage Fee Brokerage Fee 9% Banking Fee Banking
Slide 7: Operating Expenses
Operating Expenses Breakdown (Million Baht) 2006 2Q07 2Q06 %YoY 1H07 1H06 %YoY (%) Personnel expenses 1,216 355 266 33.5 656 600 9.3 45.9 Premises and equipment expenses 452 123 108 13.4 235 215 9.3 16.4 Taxes and duties 101 33 23 39.9 66 41 58.4 4.6 Fees and service expenses 275 66 73 (9.4) 135 127
Slide 8: Loans & Deposits
Loans & Deposits Asset Mix Liabilities Mix 84,781 105,091 104,047 72,099 92,069 92,341 100% 100% 3% 90% 14% 17% 80% 80% Other assets 70% 60% Interbank & MM 64% & Repo 60% Other Liabilities 55% 50% 58% Investment 83% 92% 89% L-T Borrowings 40% Other Retail 40% Interbank 30% Loans Hire Purchase Deposi
Slide 9: Loan Portfolio Breakdown
Loan Portfolio Breakdown Total Loans : Bt. 74.64 Billion Total Loans : Bt. 80.74 Billion As of December 31, 2006 As of June 30, 2007 Manufacturing and Manufacturing and Real estate and Others Real estate and Others commerce commerce construction Housing 5.1% construction Housing 4.9% 9.8% 9.3% 6.0%
Slide 10: Deposits and Short Term Borrowings
Deposits and Short Term Borrowings Deposits and ST Borrowings TISCO Interest Rate Movement % (Million Baht) 10 90,000 81,560 76,830 80,000 66,288 8 11% 5% 70,000 4% 24% 6 60,000 46,774 43% 50,000 3% 39% 4 40,000 26% 30,000 65% 2 57% 52% 20,000 71% 10,000 0 2005 2006 1Q07 2Q07 l-0 5 -0 5 06 -0 6 06 0
Slide 11: Interest Rate Risk
Interest Rate Risk Current Profile 1.40 1.18 1.23 • Duration gap of assets and liabilities 1.20 narrowed from 0.67 year to 0.58 year 1.00 primarily resulted from the issuance of 0.80 long-term debentures. 0.65 0.60 0.51 • Assets duration slightly increased from 1.18 to 1.23 year following hire purch
Slide 12: Risk-Based Capital Adequacy
Risk-Based Capital Adequacy Mar 07 Listed Equity Jun 07Operational Risk Operational Risk Reserv e 14% Non-listed Equity Listed Equity Non-listed Equity 10% 5% Fixed-income Reserve 17% 5% Fixed-income SME Lending 0% 10% 0% 0% Deriv ativ es SME Lending 0% Derivatives 0% 0% Retail Lending Banking Book
Slide 13: Hire Purchase Business
Hire Purchase Business Hire Purchase Breakdown Industry New Car Sales & TISCO Penetration Rate (Thousand unit) 2006 Subsidiaries 3% 703 682 Provincial Area 57% Motorcycle 12.4% 10.8% 10.8% 13.3% 8.6% 5% 7.7% 6.8% 8.1% 4.6% 6.9% -3.0% 293 Bangkok -12.6% 194 170 165 154 35% 154 138 1H07 1Q06 2Q06 3Q06
Slide 14: Brokerage Business
Brokerage Business Average Daily Turnover TISCO Brokerage Value & Market Share Million Baht 20,916 Million Baht 16,454 16,281 15,438 15,615 15,113 3.5% 3.3% 3.5% 3.3% 13,415 3.0% 3.2% 3.1% 3.0% 2.8% 12,997 Market 11,800 1,168 1,101 1,072 17.6% YTD 982 1,053 847 870 786 910 73,591 102,424 68,273 240,
Slide 15: Asset Management Business
Asset Management Business (Billion Baht) (Billion Baht) Asset Under Management Market NAV Total 2,500 95.6 100 88.9 12.8% YTD 82.1 84.7 12% 2,000 1,869 9% 1,686 80 13% 9% Mutual Fund 1,574 29% 27% 1,500 1,260 69% 25% 29% 53.9% YTD 67% 60 1,000 66% Private Fund 61% 40 62% 62% 61% 7.7% YTD 500 9% 9% 9
Slide 16: 2H07 Outlook
2H07 Outlook • TISCO @ Post - bank at post offices throughout the country effective from July 2, 2007. – TISCO Bank in-corporation with Thailand Post Co. Ltd. – To provide retail deposits service – 1,178 post offices nationwide • More branches expansion in Bangkok and vicinity 16
Slide 17: Investor Relations
Investor Relations TISCO Bank Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Tel. +66-2-633-6868 Fax. +66-2-633-6818 Email: IR@tisco.co.th Website: www.tisco.co.th 17
TISCO Financial Group Public Company — Q2 2007 Earnings Presentation on 6ix