Vietcap Securities Joint Stock Company · HOSE:VCI
Vietcap Securities Joint Stock — Asia Commercial Bank (ACB) — FY2023 Earnings Presentation
17 slides from Vietcap Securities Joint Stock's earnings presentation, Sep 14, 2024
Slide 1: Analyst Meeting: Business Result
ANALYST MEETING Business Result
Slide 2: Branch Network
BRANCH NETWORK ACB THE LEADING RETAIL BANKING IN VIETNAM Market share Tit Lending al; Deposit =) 3.6% =) 3.6% te bank i tte bank i FEL ioiiteraing” FQ recicepost Branches and lA sub-branches YO] 384 Number of staff htt 13,655 Number of customers alala Charter Capital $1.6 bn
Slide 3: PBT ~20 trillion, NPL ratio ~1.1%
PBT ~ 20trillion NPL ratio ~ 1.1% (*) 100% of annual target The lowest among banks (*) NPL including CIC accounted for 1.2% total loans. ROE ~25% Lending and Deposit 2"4 highest among banks Record high growth “1 Healthy investment portfolio in Bancassurance of 2023 without corporate bonds
Slide 4: Record Credit Growth
RECORD CREDIT GROWTH Credit Growth: ACB vs Industry average 17.3% 15.2% Me ; 3.7% 9 0.7% 4.6% 4Q22 1Q23 2Q23 3Q23 4Q23 —*ACB -*-Industry average (Parent Bank) Loan segments 410 4Q22 te i Avg LTV 55% 407 429 444 50, 29% 29% 65% 64% 64% 1923 2023 3Q23 mConsumers mSMEs MMLC Secured loans Secured by pro
Slide 5: NPL Was Under Control
NPL WAS UNDER CONTROL Non-performing loan (*) VND billion 1.10% 1.11% 0.85% 0.96% _+ < 0.63% ae — —— 4,869 3,455 CneY 2,597 4Q22 1023 2023 3023 4Q23 mmm NPL (ACB's loan group) —*=NPL ratio (Parent Bank) (*) NPL including CIC was 5,850 bn, accounted for 1.2% total loans. (**) LLR including CIC was 89
Slide 6: CASA Bounced Back Strongly by Year-End
CASA BOUNCED BACK STRONGLY BY YEAR-END Deposit Growth: ACB vs Industry Average 1.1% 4Q22 1Q23 2Q23 3Q23 4Q23 — ACB —*Industry average (Parent Bank) %2023 sv 2022 Deposit segments 416 424 433 446 484 13% 79% 4Q22 1Q23 2Q23 3Q23 4Q23 mConsumers mSMEs ® MMLC CASA 22.2% v0% ‘ 20.1% 20.89% 206% eee nN ae
Slide 7: Safe and Efficient Investment Portfolio
SAFE AND EFFICIENT INVESTMENT PORTFOLIO 0% 6% 17% 25% 3% 13% 16% 100% 92% 70% 60% 2020 2021 2022 2023 Government bonds m™ Financial institution bonds CDs (Parent Bank) — The proportion of the investment portfolio in the total assets The proportion of Government bond in the investment portfolio inves
Slide 8: Performance in Line with Targets
PERFORMANCE IN LINE WITH TARGETS PBT VND billion 28% 18% 25% 11,998} 9,596 7,516 2019 2020 2021 2022 2023 mmProfit before tax —e-Growth (Consolidated) ROA= (PAT for full year// average total assets for 2 latest years ROE= (PAT for full year)/ average total equity for 2 latest years ROE 26.5% 24.6% 2
Slide 9: Downtrend of Interest Rate Impacted on NIM
DOWNTREND OF INTEREST RATE IMPACTED ON NIM VND billion Nil NIM |-38 bps vs 2022 17% 20% aa 24% 6% —— 4.14% — 3.40% 3.52% 3.90% — 3.76% — ——— — 18,945, 23,534 124,960 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 mE NI] —=% growth Downtrend Asset yield Downtrend Cost of funds 8.6% 8.7% 8.1% 6.9%
Slide 10: NFI Was the Primary Driver of Revenue Growth
NFI WAS THE PRIMARY DRIVER OF REVENUE GROWTH NFI/ Revenue % growth [25% [20% }[ 20% ][{ 19% [24% | (27% }[ -119% J{ 71% ][ 22% |f -17% | VND NFI 7,787 Service fee Service Fee Structure billion (2023) 3% 5,257 2,922 = Banca ™ Card Services = International Payment ™ Securities Services = Account Servi
Slide 11: Effective Cost Management
EFFECTIVE COST MANAGEMENT VND billion 52% 42% 40% 35% 33% — mm Others Provisions for devaluation of long-term investments and asset risk = mam Administration cost 1,734 1,780 1,692 mmm Asset cost 1,643 6,215 mam Staff cost 5,129 6,069 3,763 —>CIR 2019 2020 2021 2022 2023 Revenue growth (Q.0.Q): 15%
Slide 12: CAR Remained Well Above Minimum Requirement
CAR REMAINED WELL ABOVE MINIMUM REQUIREMENT VND billion Capital car 12.80% 12.94% 10.91% 11.06% 11.23% 12.69% 12.48% 11.26% - - 966% 10.37% 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 = Capital Tier-1 = Capital Tier-2 MOnCAR —e-CAR Tier-1 (Consolidated)
Slide 13: Prime Liquidity
PRIME LIQUIDITY Short-term funds for Liquidity reserve ratio (in VND) medium and long-term loans 22.6% 23.6% 22.5% ——_ 30.0% 26.6% 26.4% 22.7% 10% 19.6% 173% 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Solvency ratios within 30 days LDR 435.8% 85.0% 77.6% 79.3% 79.0% 78.4% 78.1% 79.6% 87.1% 73
Slide 14: Exciting Digital Transformation Journey
EXCITING DIGITAL TRANSFORMATION JOURNEY The proportion of consumers using digital channels AGB OMEBIZ 84% > 89% | 2019 2022 2023 The proportion of businesses using digital channels 76% 2019 2022 2023
Slide 15: Accelerated Digitalization
ACCELERATED DIGITALIZATION CAGR 19-23 CAGR 19-23 Value of online transactions Transaction channels Number of online transactions 2023 2019 “a = GD e-banking 2022 = ATM, CDM, 159 4,509 POS 2021 = Paper-based 89 2020 2311 42 9019 1,116 igital channels _ € GS) g¢ ap :Pay| e © Bee . @Pay , w gr, vpay* _
Slide 16: ESG Journey: Navigating Sustainability
2SG JOURNEY NAVIGATING SUSTAINABILITY - Trién khai oe Goi Tin dung Xanh/Xa hdi “Dat danhhigu hoc sinh gigi" BASELINY TOTNAT I CONG BO — | 45 TAN 760.000 RACTHAINGUA [Coo BASEL II E 2.000 TY DONG Dénghanh cungdoanhnghigp oo —— tang trudng bén viing sm «Tai ché ; 215 TAN GIAY co2 | Zz ACB_ESG ‘Ging AC
Slide 17: A small change, repeated every day
A small change, repeated every day, will lead to a big change.
Asia Commercial Bank (ACB) — FY2023 Earnings Presentation on 6ix