Slide 1: TISCO Group Analyst Meeting July 2005
TISCO Group Analyst Meeting July 2005
Slide 2: Disclaimer
Disclaimer This presentation contains public information, which has been prepared by TISCO Bank Public Company Limited ("TISCO" or the "Company") for the purpose of a presentation to analysts and selected investors. Information contained in this presentation is not intended to provide basis for any
Slide 3: Thai Economic Outlook
Thai Economic Outlook (% Growth Y-O-Y) 2002 2003 2004 2005E GDP 5.4 6.9 6.1 4.8 Export 18.5 22.7 13.6 Import 17.1 27.2 19.0 Automobile Sales 32.5 32.8 17.3 13.8 (5M) • In the second quarter of 2005, the overall Thai economy still showed a slowdown due to the upsurge in global crude, and the public i
Slide 4: Financial Performance 2Q05
Financial Performance 2Q05 • Net profit of Bt400.05mn, rose 2.6% y- consolidated (Bt mn) 2003 2004 1Q05 2Q05 Balance Sheet o-y, mainly from 18.7% y-o-y growth of Retail Loan 31,700 40,971 42,978 44,716 net interest income on the back of Corporate Loan 9,668 10,924 10,947 11,118 strong 16.4% y-o-y lo
Slide 5: Key Financial Ratios
Key Financial Ratios Spread & NIM (%) ROA (%) 5 4 3.5 3.5 9 3.0 7.9 3 2.4 8 7.3 2.2 6.9 6.7 7 2 6 4.9 1 4.6 4.5 5 4.6 0 4 4.4 4.4 4.7 4.2 2002 2003 2004 1Q05 2Q05 3 2 3.2 2.9 2.3 2.4 ROE (%) 1 30 0 2002 2003 2004* 2Q05 20.4 19.1 20 15.9 16.8 13.1 Spread NIM Yield Cost 10 0 2002 2003 2004 1Q05 2Q05 R
Slide 6: Loan Growth
Loan Growth Million Baht 2003 2004 2Q05 % % YTD Corporate Loan 9,668 10,924 11,119 18.6 1.8 Manufacturing & Commerce 4,904 5,525 5,771 9.7 4.5 Real estate & construction 2,579 3,500 3,537 5.9 1.1 Public utilities & services 2,072 1,744 1,629 2.7 (6.6) Agricultural and mining 113 154 182 0.3 17.9 Ret
Slide 7: Loans and receivables breakdown
Loans and receivables breakdown 61,148 56,985 60,000 1,413 40% 1,225 48,992 11,118 50,000 10,924 40,826 3,428 30% 1,100 40,000 9,667 Baht Million 9,372 30,000 20% 48,617 44,836 20,000 9.7% 35,897 10% 10,000 30,165 7.0% 5.6% 5.8% 0 0% 2002 2003* 2004* 2Q05* Retail Lending Corporate Lending Securities
Slide 8: Loan Loss Provision
Loan Loss Provision Non-Performing Loan & Allowance for Doubtful Accounts 10,000 160% 135% 130% 122% 121% 140% 8,000 120% Baht Million 100% 6,000 4,703 4,600 4,288 4,138 3,846 80% 3,410 3,304 3,429 (9.7%) 4,000 (5.6%) (7.0%) (5.8%) 60% 40% 2,000 20% 0 0% 2002 2003 2004 2Q05 NPL Allowance Allowance/N
Slide 9: Interest and Dividend Income
Interest and Dividend Income 820 68% 1,200 779 67% 709 54% 1% 606 35% 594 56% 9% 1,000 1% 7% 8% 4% 6% 800 Baht Million 600 62% 64% 72% 71% 46% 400 200 13% 14% 11% 12% 14% 0 -22% -25% -16% -23% -28% -200 -8% -5% -7% -400 2Q04 3Q04 4Q04 1Q05 2Q05 Loans and deposits Hire Purchase and finance lease Secu
Slide 10: Non Interest Income
Non Interest Income 1,141 65% 1,200 1,000 31% 800 592 Baht Million 46% 600 389 33% 475 44% 7% 10% 390 32% 1% 7% 1% 400 11% 1% 13% 14% 15% 17% 5% 4% 5% 200 5% 4% 17% 17% 12% 16% 11% 0 -2% -200 2Q04 3Q04 4Q04 1Q05 2Q05 Brokerage Fees Asset Management Fee Fee from Fin. Bus., SAM & Others Investment Ban
Slide 11: Operating Expenses
Operating Expenses 800 771 44% 639 60% 625 48% 653 633 54% 54% 600 20% 19% 20% Baht Million 27% 27% 400 13% 15% 18% 12% 15% 200 17% 12% 15% 14% 17% 0 2Q04 3Q04 4Q04 1Q05 2Q05 Direct Expenses Non-Personnel Expenses Personnel Expenses 2Q05 Operating expenses increased by 3.2% y-o-y. Remark: The Percen
Slide 12: Hire Purchase Business
Hire Purchase Business Industry New Car Sales & TISCO Market share 625 700 12% Number of cars (Thousands) 600 533 10% Penetration Rate(%) 500 7.4% 404 7.3% 8% 400 6.6% 6.6% 282 6% 300 4% 200 100 2% 0 0% 2002 2003 2004 5M05 Total Car Sales Penetration Rate Car Sales Growth : 13.8% y-o-y As of June 30
Slide 13: Hire Purchase Business
Hire Purchase Business Car HP New Loans and Repayment 10,000 18,000 12,619 15,082 14,633 13,091 15,000 8,000 13,315 6,919 6,798 6,628 6,156 12,000 Units (Thousand) 5,842 6,000 Baht million 4,855 4,338 4,614 9,000 4,207 3,971 4,000 6,000 2,000 3,000 0 0 2Q04 3Q04 4Q04 1Q05 2Q05 New bus ines s Car HP
Slide 14: Local Brokerage Business
Local Brokerage Business Market Turnover & TISCO Brokerage Volume & TISCO Market share Brokerage Fee 25,000 5% 400,000 353,950 1000 3.93% 903 20,564 314,112 Daily Average Turnover (Baht Million) 20,000 18,908 825 Brokerage Volume (Baht Million) 18,497 800 4% Brokerage Fee (Baht Million) 300,000 3.52
Slide 15: Asset Management Business
Asset Management Business Market* Asset Under Management 1,200,000 80,000 7.4% 67,704 74,044 8.0% 1,029,153 7.1% 6.7% Total Net Asset Value (Baht Million) 924,545 70,000 7.3% 9% 7.0% 1,000,000 846,964 56,459 10% 60,000 6.0% Total Net Asset Value 800,000 9% 27% Market Share (%) 27% (Baht Million) 53%
Slide 16: Active Assets & Liabilities Management
Active Assets & Liabilities Management Asset Mix Liabilities Mix 120% 120% 100% 100% Other Liabilities Other assets 80% Equity 80% Fixed-income Debentures 60% Allowance 60% Borrowings and 40% 61% 61% Other Loans 80% 83% 40% deposits Retail Loans 20% Corporate Loans 20% 0% 0% Mar05 Jun05 Mar05 Jun05
Slide 17: Risk-Based Capital Adequacy
Risk - Based Capital Adequacy Operational Risk Operational Risk Mar-05 Reserve Jun-05 Wholesale Lending Wholesale Lending Reserve 6% 10% 6% 10% Property Property Retail Lending Retail Lending 4% 4% 38% 40% Non-listed Equity Non-listed Equity 4% 4% Derivatives Derivatives 0% Listed Equity Listed Equi
Slide 18: Interest Rate Risk
Interest Rate Risk 1.4 1.27 1.18 Current Profile 1.2 • Duration gap widen from 5.28 1 months to 6.12 months during the period, which mainly contributed 0.8 0.74 0.76 by longer in assets duration as the majority of new loan in car hire purchase comprised of loans with 0.6 term 48-month or longer. 0.4
Slide 19: Banking Operation Strategy
Banking Operation Strategy To transform the organization and business orientation from product-centric into fully client-centric approach To extend the scope and quality of current service to existing clients to enhance cross-selling, improve efficiency in order to satisfy clients’ satisfaction
Slide 20: www.tisco.co.th
www.tisco.co.th IR team Pattamika Pongsurayamas Tel. 0-2633 6897,6811 Saowarin Srithaweeporn Tel. 0-2633-6899 Email: ir@tisco.co.th