TISCO Financial Group Public Co. Ltd. · SET:TISCO
TISCO Financial Group Public — Q1 2022 Earnings Presentation
32 slides from TISCO Financial Group Public's earnings presentation, 2022
Slide 1: TISCO Financial Group Performance Result for 1Q2022
TISCO Financial Group Public Co., Ltd. Performance Result for 1Q2022
Slide 2: TISCO Overview
TISCO TISCO Overview
Slide 3: Company Profile
Company Profile Timelines 2018 2014 Completed the sale of Business Model Expanded personal loan and credit card Microfinance to Citibank N.A. “Selective Focus” through the brand Universal Bank “Somwang” 2008 2020 Restructured into holding company structure Co-Brand Alliance with CG Scoring 1973 Jeff
Slide 4: TISCO Group Structure
TISCO Group Structure TISCO TISCO Financial Group Plc.* 1 ' n o T T 1 1 1 Hl 1 Hl 99.99% 100% 40% 1 100% 100% 1 100% 100% 100% 100% 1 1 1 1 TIScO 1 TISCO TISCO Asset | 1 TIScO TISCO TISCO TISCO Bank Hi-Way 3 H Infermation All-Ways Tokyo Leasing Securities Management Insurance Solution Learning Cente
Slide 5: TISCO Businesses
TISCO Businesses Retail Banking • Auto & Motorcycle Hire Purchase • TISCO Auto Cash • Mortgage Loan • SME & Inventory Financing • Life & Non-Life Insurance Corporate Banking • Corporate Lending & Financial Advisory • Investment Banking • Corporate Insurance Wealth & Asset Management • Deposit Servic
Slide 6: Consolidated Loan Portfolio
Consolidated Loan Portfolio Unit: Million Baht Thailand’s First Car Acquired Retail Buyer Scheme Banking Business from SCBT Sale of Personal Loan & Credit Card to Citibank Covid-19 Outbreak Took over Primus & GMAC Started SME Division Upgraded to Commercial Bank Growth 9.2% 56.6% -7.5% 22.4% 14.7% 1
Slide 7: Profitability
Profitability Profitability for the past decade Unit: Million Baht Growth 16.0% 45.3% 13.1% 13.4% 14.7% 0.0% 0.0% 17.8% 21.7% 15.2% 3.6% (16.6%) 11.9% 1.8% YoY 7
Slide 8: Business Profile as of 3M2022
Business Profile as of 3M2022 Loan Profile Revenue Mix 8
Slide 9: Share Capital Information
Share Capital Information Total Shares (as of 31 Mar 2022) 800,655,483 Ordinary Shares 800,645,624 Preferred Shares 9,859 No. of Shareholders (as of 14 Mar 2022) 48,283 Foreign Shareholders 175 Local Shareholders 48,108 Shareholders by type (%) (as of 14 Mar 2022) Institutional 67.0% Individual 33.0
Slide 10: Recognitions and Awards
Recognitions and Awards | {ia | ©] ©} @ Outstanding Company Performance Award from SET Awards 2021 Outstanding Asset Management Company Award from SET Awards 2021 Outstanding Investor Relations Company Award from SET Awards 2021 Thailand Sustainability Investment (THS!) in 2017 - 2021 from SET Award
Slide 11: Sustainability Development
Sustainability Development For more information: https://www.tisco.co.th/en/sd/sustainability/index.html 11
Slide 12: Financial Results
TISCO Financial Results
Slide 13: Profitability
Profitability Net Profit Unit: Million Baht +0.1% +1.8% QoQ YoY ROAE & ROAA ROAE ROAA 13
Slide 14: Consolidated Income Statements
Consolidated Income Statements Unit : Million Baht 1Q21 4Q21 1Q22 % QoQ % YoY Interest Income 3,776 3,617 3,556 (1.7) (5.8) Interest Expenses (666) (510) (495) (2.9) (25.7) Net Interest Income 3,110 3,108 3,061 (1.5) (1.6) Fee & Service Income 1,735 1,827 1,407 (23.0) (18.9) Fee & Service Expenses (
Slide 15: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht +1.2% +0.5% QoQ QoQ Unit : Million Baht 2020 2021 1Q22 % QoQ Unit : Million Baht 2020 2021 1Q22 % QoQ Loans 224,812 202,950 203,553 0.3 Deposits & 209,679 174,864 177,022 1.2 Borrowings Allowance (11,826) (11,740) (11,49
Slide 16: Loan Portfolios
Loan Portfolios Total Loans Unit: Million Baht +0.3% Retail Loans QoQ -0.6% QoQ Corporate Loans +3.9% QoQ Loans by sectors SME Loans +1.3% QoQ 16
Slide 17: Retail Loan Portfolio Breakdown
Retail Loan Portfolio Breakdown Unit: Million Baht -0.6% QoQ -1.3% QoQ +1.5% QoQ -3.7% QoQ +2.3% QoQ +1.4% QoQ 17
Slide 18: TISCO Auto Cash
TISCO Auto Cash Auto Cash Loans Unit: Million Baht Auto Cash +1.5% QoQ Somwang +3.0% Loan Generated through QoQ Somwang channel Somwang Loans vs NPLs Somwang Branches Unit: Million Baht 18
Slide 19: Industry Car Sale & Penetration Rate
Industry Car Sale & Penetration Rate Industry New Car Sale TISCO’s Auto HP Penetration Rate TISCO’s Penetration Rate (%) Industry Car Sale (‘000 units) Industry Car Sale +19.1% 3M YoY 19
Slide 20: Interest Income & NIM
Interest Income & NIM Yield on Loans Net Interest Income Unit: Million Baht Loan Spread -1.5% -1.6% QoQ YoY Cost of Funds Loan Spread NIM 20
Slide 21: Asset Quality
Asset Quality Loan Classification Non-Performing Loans Unit: Million Baht Unit: Million Baht NPLs Stage 2 Stage 1 2020 2021 1Q22 NPLs by Loan Types Million Baht % Million Baht % Million Baht % Corporate - - 19 0.1 - - SME 64 0.6 66 0.8 78 0.9 Hire Purchase 3,268 2.6 2,682 2.4 2,309 2.1 Mortgage 986
Slide 22: Debt Relief Programs
Debt Relief Programs Outstanding Loans under Debt Relief Programs at the end of March 2022 % to total loans Outstanding Soft Loans for SMES 22
Slide 23: Expected Credit Loss
Expected Credit Loss Expected Credit Loss Unit: Million Baht Allowance for ECL Unit: Million Baht TFRS 9 Coverage Ratio Excess Reserve General Provision Expected Credit Loss (ECL) Specific Provision 23
Slide 24: Funding
Funding Total Funding Unit: Million Baht +1.2% QoQ Unit : Million Baht 2020 2021 1Q22 % QoQ Current 3,200 2,162 2,207 2.1 Savings 50,320 46,932 46,009 (2.0) Fixed Deposits 149,953 117,448 123,219 4.9 Short-Term Bill of Exchanges 37 37 37 - Senior Debentures 6,169 8,285 5,550 (33.0) Total Deposits &
Slide 25: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Data as of 3M2022 Unit: Million Baht +5.0% -18.7% QoQ YoY Unit : Million Baht 1Q21 4Q21 1Q22 % QoQ % YoY Banking Fee 827 824 814 (1.3) (1.6) Bancassurance Fee 539 615 604 (1.8) 12.1 Other
Slide 26: Asset Management Business
Asset Management Business Assets Under Management Rank #1 Unit: Million Baht -2.1% Provident Fund QoQ +2.0% QoQ Rank #13 Mutual Fund -8.5% QoQ Rank #8 Rank #6 Private Fund -9.5% QoQ 26
Slide 27: Brokerage Business
Brokerage Business TISCO Trading Volume & Market Share Unit: Million Baht Trading Volume by Customers 27
Slide 28: Operating Expenses
Operating Expenses Operating Expenses Unit: Million Baht Cost to Income Ratio -3.5% +2.2% QoQ YoY Unit : Million Baht 1Q21 4Q21 1Q22 % QoQ % YoY Employee Expenses 1,452 1,504 1,510 0.4 4.0 Premises & Equipment Expenses 317 338 322 (4.6) 1.6 Taxes & Duties 66 59 62 5.2 (5.9) Other Expenses 220 276 20
Slide 29: Capital Adequacy
Capital Adequacy Capital Base of TISCO Bank Unit: Million Baht Capital Adequacy Ratio BIS Ratio Tier I Ratio Min. Required by BOT 11.0% BIS Ratio 8.5% Tier I Ratio 29
Slide 30: Employees and Branch Network
Employees and Branch Network Total Employees Number of Employees Total Branch Network Somwang Loan Offices Bank Branches 30
Slide 31: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/49 TISCO Tower, North Satorn Road, Silom, Bangrak, Bangkok, 10500, Thailand +(66) 2633 6868 ir@tisco.co.th www.tisco.co.th Disclaimer This presentation material may contain forward-looking statements. These forward-looking statements
Slide 32: TISCO
TISCO
TISCO Financial Group Public — Q1 2022 Earnings Presentation on 6ix