Tisco Financial Group Public Co. Ltd. · SET:TISCO

Tisco Financial Group Public — Q3 2009 Earnings Presentation

22 slides from Tisco Financial Group Public's earnings presentation, 2009

  1. Slide 1: TISCO Financial Group Analyst Meeting 3Q/2009

    TISCO Financial Group Public Co., Ltd. Analyst Meeting 3Q/2009 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

  2. Slide 2: Agenda

    Agenda I. Major Developments II. Financial Performance 3Q09 III. Operational Update 2

  3. Slide 3: Major Corporate Developments

    Major Corporate Developments Announced new holding company structure Acquired “Primus” Celebrated TISCO Acquired HP Partnered w/ 40th anniversary portfolio of Chevrolet in providing “GMAC” floor-plan financing 2009 Jan Feb Mar Apr May Jun Jul Aug Sep Dec Issued Bt 2bn tier II subordinated debt tranc

  4. Slide 4: Agenda

    Agenda I. Major Developments II. Financial Performance 3Q09 III. Operational Update 4

  5. Slide 5: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 3Q08 2Q09 3Q09 %QoQ %YoY 9M08 9M09 %YoY Interest income 1,938 2,108 2,128 0.9 9.8 5,621 6,311 12.3 Interest expense (890) (624) (529) (15.1) (40.5) (2,449) (1,983) (19.0) Net interest income 1,048 1,484 1,598 7.7 52.5 3,172 4,328 36.4 Non-interest in

  6. Slide 6: Interest and Dividend Income

    Interest and Dividend Income Interest Income Performance Interest Income Breakdown Unit: Million Baht Investment Interbank & 8% 6,311 MM 5,621 Inv estment 1% Loans Interbank & MM 14% 76.7% 2,108 2,128 75.6% Loans HP & 1,938 75.0% Finance 77% 73.4% 75.1% 76.7% HP & Finance 3Q08 2Q09 3Q09 9M08 9M09 Un

  7. Slide 7: Spread and Net Interest Margins

    Spread and Net Interest Margins % Loan Spread and Net Interest Margin 5.2 4.9 4.8 3.8 4.2 4.0 4.2 5.0 3.6 4.6 3.8 4.7 Loan spread 3.5 4.0 3.9 4.0 3.5 3.7 3.7 3.4 NIM 2007 2008 9M09 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 % Yield on Loans and Cost of Funds 7.6 7.3 7.3 7.0 7.3 7.3 7.2 7.2 7.0 7.0 4.1 3.7 Y

  8. Slide 8: Non-Interest Income

    Non-Interest Income Non-Interest Income Non-Interest Income Breakdown Unit: Million Baht 1,978 1,885 Trading Trading income IB, 0% income, 0% 19.4% 20.0% IB fee Brokerage, 24.9% 21% Bancassur 21.4% Brokerage fee ance, 25% 718 732 Other, 54% 590 AM fee 22.2% 21.4% AM, 25% 18.1% 25.4% 54.7% Others, 27

  9. Slide 9: Cost Structure

    Cost Structure Operating Expenses Structure Cost to Income Ratio Unit: Million Baht 3,226 54.2% 27% Other expenses 46.5% 51.2% 46.1% 47.4% 2,396 45.7% Directors' remuneration 43.8% 16% 16% Fees & service exp 1,264 18% 1,123 Taxes & duties 26% 33% 755 Premises & equip exp 19% 47% 16% 14% 52% 20% Pers

  10. Slide 10: Balance Sheet Overview

    Balance Sheet Overview Assets Mix Liabilities Mix 5.3%YTD 4.5%YTD 116,059 132,827 14.4%YoY 6.2%YoY 98,953 126,173 86,580 114,637 104,704 120,771 Other assets Other Liabilities Interbank & MM LT Borrowings Investment 65.4% 61.3% 61.7% 87% Interbank 62.4% Other Retail Loans 79% 88% 89% Hire Purchase D

  11. Slide 11: Loan Portfolio

    Loan Portfolio Loan Portfolio Loan Breakdown by Industry Unit: Million Baht 19.4%YoY Manufacturing 116,781 Others & commerce 111,846 13.3%YTD 5% 10% Real estate & 103,110 97,834 Housing construction 86,420 1% 7% Public utilities & services 73.2% 75.3% 2% 74.2% Other Loans 75.0% 74.8% Hire Purchase A

  12. Slide 12: Assets Quality

    Assets Quality NPL and NPL Ratio (%) Credit Cost Unit: Million Baht Unit: Million Baht Total NPL % NPL Provision expenses Credit cost (%) 4.3% 1,800 1.4% 1.2% 1.1% 1.1% 2.9% 2.8% 2.9% 1,500 1.0% 3,751 2.6% 0.9% 3,196 1,200 981 0.9% 2,984 3,037 2,903 900 695 600 354 0.4% 293 318 300 0 -0.1% 2007 2008

  13. Slide 13: Hire Purchase Business

    Hire Purchase Business TISCO Penetration Rate TISCO New Business Car Hire Purchase 20.5%YoY Value (Million Baht) No. of Cars (units) 1.9%YoY Industry New Cars Penetration Rate (Thousand units) 90000 90,370 100000 98000 96000 94000 92000 8000082,846 90000 88000 86000 84000 82000 80000 70000 78000 631

  14. Slide 14: Deposits and ST Borrowings

    Deposits and ST Borrowings Deposits & ST Borrowings Breakdown Unit: Million Baht 11.7%YoY 3.9%YTD 100,591 104,520 11.5% 93,566 23.6% 8.8% 68,459 6.2% 47.0% 36.8% 31.5% Current & Savings 46.0% Fixed Deposits 47.8% 41.5% 54.4% 45.0% ST Borrowings 2007 2008 3Q08 3Q09 Unit: Million Baht 2008 3Q08 3Q09 %

  15. Slide 15: Asset Management Business

    Asset Management Business TISCO Asset Under Management Asset Management Fee Unit: Billion Baht 7.0%YTD Unit: Million Baht 107.7 107.0 114.4 Rank #7 107.2 489.4 493.3 13% 475.5 14% 14% 93.6 15% 22% 16% 29% 376.8 28% 27% Mutual Fund 22% Private Fund 58% 64% 58% 58% 62% Provident Fund 2007 2008 1Q09 2Q

  16. Slide 16: Brokerage Business

    Brokerage Business Average Daily Trading Volume Unit: Million Baht 19,959 21,318 21,445 17,097 18,846 16,942 17,095 15,944 12,212 12,671 Market 8,660 1,048 1,104 1,100 1,024 845 862 760 874 846 669 TISCO 424 2007 2008 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 9M08 9M09 TISCO - Brokerage Value & Market Shar

  17. Slide 17: Interest Rate Risk

    Interest Rate Risk Duration Gap Unit: Years Assets Liabilities Duration Gap 1.01 0.89 0.91 0.84 0.76 1.51 1.41 1.48 1.35 1.50 0.74 0.67 0.52 0.57 0.34 2007 2008 1Q09 2Q09 3Q09 17

  18. Slide 18: Capital

    Capital Capital Adequacy Ratio Unit: Million Baht 15.47% 14.37% 12.54% 11.94% 11.75% 15,232 10.16% 14,864 Capital Base 11.58% 11.20% 10.99% 12,831 10.13% BIS Ratio 10,896 Tier I 10,386 2007 2008 1Q09 2Q09 3Q09 Risk-Based Capital Breakdown Non-Listed Equity Banking Jun. 09 Listed Equity Banking Sep.

  19. Slide 19: Agenda

    Agenda I. Major Developments II. Financial Performance 3Q09 III.Operational Update 19

  20. Slide 20: New Products and Services

    New Products and Services - Launched “Love Mom Savings” campaign - TISCO Korea Fixed Income Fund #2 (IPO size 293 MB) - TISCO Korea Fixed Income Fund #3 (IPO size 182 MB) - TISCO Korea Fixed Income Fund #4 (IPO size 496 MB) - TISCO US Equity Fund (IPO size 260 MB) - TISCO AUD Fixed Income Fund (IPO

  21. Slide 21: Employee & New Branches

    Employee & New Branches 3Q08 2008 2Q09 3Q09 No. of Employee 2,590 2,662 2,815 2,865 No. of Branch 30 34 38 42 - Bangkok * 9 12 16 20 - Upcountry 21 22 22 22 * Including Head Office branch New Branch #38 - New Branch #41 - “Siam Paragon” “Worachak” New Branch #39 - New Branch #40 - “Central Rama III

  22. Slide 22: Investor Relations

    Investor Relations TISCO Financial Group Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6000 Fax: +66-2-633-6855 Email: ir@tisco.co.th Website: www.tisco.co.th 22

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