Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — FY2014 Earnings Presentation
21 slides from Tisco Financial Group Public's earnings presentation, Jan 14, 2015
Slide 1: TISCO Financial Group Analyst Meeting FY 2014
TISCO Financial Group Public Co., Ltd. Analyst Meeting FY 2014 January 14, 2015
Slide 2: Financial Restatement
Financial Restatement • TISCO has early adopted IFRS10 - the Consolidated Financial Statement (prior to the effective date on January 1, 2015). • As a result, the financial statement of TISCO Tokyo Leasing Co., Ltd. is reported as an investment in associated company instead of fully consolidated as
Slide 3: 2014 Financial Results
TISCO 2014 Financial Results
Slide 4: Consolidated Income Statements
Consolidated Income Statements Unit : Million Baht 4Q13 3Q14 4Q14 % QoQ % YoY 2013 2014 % YoY Interest Income 5,013 4,670 4,531 (3.0) (9.6) 18,961 18,891 (0.4) Interest Expenses (2,734) (2,214) (2,089) (5.6) (23.6) (10,144) (9,351) (7.8) Net Interest Income 2,279 2,456 2,442 (0.6) 7.1 8,817 9,540 8.
Slide 5: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 2.3% QoQ 2.1% QoQ 10.1% YoY 11.7% YoY Unit : Million Baht 2013 3Q14 2014 % QoQ % YoY Unit : Million Baht 2013 3Q14 2014 % QoQ % YoY Deposits & ST Loans - Net 286,415 267,576 262,784 (1.8) (8.3) 299,483 257,191 264,147 2.
Slide 6: Loan Portfolio
Loan Portfolio Total Loan Portfolio Unit: Million Baht 1.8% QoQ 8.3% YoY Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht Unit: Million Baht 2.4% QoQ 2.6% QoQ 0.6% QoQ 8.6% YoY 27.0% YoY 3.0% YoY 6
Slide 7: Retail Loan Portfolio
Retail Loan Portfolio Retail Loan Breakdown 7
Slide 8: 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 (%) 11.0% 1,436 1331 9.1% 8.4% 8.5% 8.6% 8.7% 7.5
Slide 9: Loan Spread and Net Interest Margin
Loan Spread and Net Interest Margin Yield on Loans and Cost of Funds 6.7 6.6 6.5 6.5 6.5 6.5 6.5 % Yield on loans % Loan spread 3.6 3.5 3.5 3.3 3.4 3.5 3.3 3.2 % Cost of funds 3.1 3.0 3.2 3.1 3.0 3.0 2012 2013 2014 1Q14 2Q14 3Q14 4Q14 Remark: Cost of funds include contributions to FIDF and DPA Loan
Slide 10: Asset Quality
Asset Quality NPL and NPL Ratio Unit: Million Baht 2013 3Q14 2014 NPL by Loan Type Million Baht % Million Baht % Million Baht % Corporate 264 0.5 221 0.4 258 0.5 SME 152 0.5 210 0.9 239 1.1 Hire Purchase 4,154 2.3 5,375 3.2 5,522 3.3 Mortgage 69 4.8 92 6.3 96 7.3 Others 325 1.6 567 2.7 635 2.9 Total
Slide 11: Provisions
Provisions Provision Expense and Credit Cost Unit: Million Baht Provision expense (Million Baht) % Credit cost 4,426 4,141 1.6% 1.6% 1.7% 1.8% 1.7% 1.3% 0.9% 1,922 1,176 1,220 1,138 894 2012 2013 2014 1Q14 2Q14 3Q14 4Q14 Minimum Required Provision vs Actual Provision Unit: Million Baht Mini mum Requ
Slide 12: Deposits
Deposits Total Deposits & Bill of Exchanges Unit: Million Baht 2.7% QoQ 11.8% YoY Unit : Million Baht 2013 3Q14 2014 % QoQ % YoY Current 2,482 2,995 2,917 (2.6) 17.5 Savings 40,751 46,545 49,606 6.6 21.7 Fixed Deposits 221,408 157,535 152,860 (3.0) (31.0) Short-Term Bill of Exchanges 6,275 8,254 7,7
Slide 13: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 2.4% YoY 1.0% QoQ IB, 0.2% 5,560 5,426 3.9% YoY Brokerage, 16.8% Bancassurance, 42.6% Banking Fee 65.8% HP Related, 8.2% AM, 17.2% Other Banking, 1,314 1,352 1,366 15.0% 2013 2014 4Q13 3Q14
Slide 14: Asset Management Business
Asset Management Business TISCO Asset under Management Unit: Million Baht 1.4% QoQ 7.2% YoY Rank #9 Provident Fund Private Fund Mutual Fund Unit: Million Baht 2.9% QoQ Unit: Million Baht 0.4% QoQ Unit: Million Baht 2.0% QoQ 7.6% YoY 6.8% YoY 24.7% YoY Rank #3 Rank #7 Rank #13 13.7% 13.0% 13.2% 7.4%
Slide 15: Brokerage Business
Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 625,096 3.1% 3.1% 538,028 3.0% 2.9% 3.0% 2.9% 2.8% 408,339 153,247 168,011 119,921 96,850 2012 2013 2014 1Q14 2Q14 3Q14 4Q14 TISCO Trading Volume by Customer Retail Investors Foreign Institution Loc
Slide 16: 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 * 39.4 37.6 36.5 37.7 36.4 38.5 38.5 35.7 31.9 29.5 1.9 2.0 1.8 1.9 1.9 1.9 1.7 1.5 1.4 1.2 2013 2014 4Q13 3Q14 4Q14 2013 2014 4Q13 3Q14 4Q14 Uni
Slide 17: Capital Adequacy
Capital Adequacy Capital Adequacy Ratio of TISCO Bank 16.7% 16.6% 16.7% 15.4% 14.3% 13.3% 13.4% 12.5% 12.5% 12.5% 11.5% 9.0% 9.2% 9.4% 30,237 29,920 30,237 28,897 27,170 Capital Base (MB) 25,746 BIS Ratio (%) 22,006 Tier I (%) 2012 2013 2014* 1Q14 2Q14 3Q14 4Q14* Remark: * Projected Figure Risk-Base
Slide 18: Employee and Branch Network
Employee and Branch Network Total Branch Network No. of Employee 147 142 142 147 4,156 4,244 4,141 4,208 4,248 4,244 132 137 3,679 87 2012 2013 2014 1Q14 2Q14 3Q14 4Q14 2012 2013 2014 1Q14 2Q14 3Q14 4Q14 18
Slide 19: 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 20: 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 20
Slide 21: Wealth of Possibilities
WEALTH OF POSSIBILITIES
TISCO Financial Group Public — FY2014 Earnings Presentation on 6ix