Bualuang Securities Public Company Limited · SET:TCAP01C2612A
Bualuang Securities Public — H1 2006 Earnings Presentation
17 slides from Bualuang Securities Public's earnings presentation, Aug 15, 2006
Slide 1: Analyst Meeting 1H2006
Analyst Meeting 1H2006 August 15, 2006
Slide 2: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary This presentation contains financial information and other related information, which has been provided by the management of Bualuang Securities. Whilst all reasonable care has been taken to ensure
Slide 3: Securities Business Overview
Securities Business Overview • The total market turnover on the SET and the MAI in 2Q06 was Baht 868.09 billion, a slight decrease of Baht 45.77 billion compared to the same period last year. • The mix of SET’s market segments changed from 26.0% Foreign, 10.3% Local Institution and 63.7% Others in 2
Slide 4: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary 4
Slide 5: Broking Business
Broking Business Brokerage Trading Value (Bt. Billion) 300.0 267.3 250.0 200.0 4.3% 147.2 0.7% 148.3 150.0 27.9% 100.0 86.2 59.6 62.1 50.0 - 2005 2Q05 1Q06 2Q06 1H05 1H06 5
Slide 6: Broking Business
Broking Business Brokerage Market Share (%) 3.70 3.58 3.60 3.50 3.38 3.40 3.29 3.28 3.30 3.26 3.26 3.20 3.10 2005 2Q05 1Q06 2Q06 1H05 1H06 6
Slide 7: Broking Business
Broking Business Institutional Investors Trading Value (Bt. Mil.) & Portion 50 ,000 45 ,000 42 ,922 39 ,133 40 ,000 35 ,000 30 ,000 25 ,000 21 ,008 21 ,915 20 ,000 17 ,305 15 ,000 10 ,000 9,193 5,000 - 2005 2Q05 1Q06 2Q06 1H05 1H06 % Portion 14.6 15.4 24.4 35.3 11.8 28.9 7
Slide 8: Derivatives Business
Derivatives Business Derivatives Market Share (%) 10.00 9.45 9.00 8.49 8.00 7.60 7.00 6.00 4.94 5.00 4.00 3.86 3.00 2.00 1.00 0.00 May-06 Jun-06 Jul-06 1-11 Aug 06 YTD-11 Aug 06 Ranking 6 10 4 6 8 TFEX inaugurated its operation on April 28, 2006 with the SET 50 Index Futures as the first product. 8
Slide 9: Investment Banking
Investment Banking Investment Banking Revenue (Bt. Million) 90 83 80 70 60 54 1% 50 55. 45 40 . 4% 15 24 1 02 30 0 14.8% 22 21 20 13 11 10 29 24 15 30 11 11 6 0 2 2005 2Q05 1Q06 2Q06 1H05 1H06 Financial Advisory Fee Underwriting Fee 9
Slide 10: Private Fund Management
Private Fund Management NAV (Bt. Million) 12,000 10,000 9,895 9,633 9,080 1,911 1,877 8,000 1,919 7,111 6,000 1,754 4,000 7,984 7,756 7,161 5,357 2,000 0 2005 1H05 1Q06 1H06 Private Fund Provident Fund 10
Slide 11: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary 11
Slide 12: Performance
Performance Revenues Expenses & Net Profit (Bt. Million) 900 825 800 700 630 600 500 465 419 400 336 327 300 269 177 182 196 200 145 137 139 103 100 64 57 26 39 0 2005 2Q05 1Q06 2Q06 1H05 1H06 Revenues Expenses Net Profit 12
Slide 13: Performance
Performance Revenue Structure 900 800 6.7% 700 13.4% 600 500 4.5% 8.3% 400 8.7% 12.4% 79.8% 300 8.6% 8.0% 200 5.6% 11.5% 13.7% 86.7% 79.3% 100 11.6% 80.0% 89.6% 78.3% 82.8% 0 2005 2Q05 1Q06 2Q06 1H05 1H06 Brokerage Fees Fees & Services Income Other Incomes 13
Slide 14: Performance
Performance Expense Structure 700 1.2% 600 11.0% 500 400 0.9% 300 87.8% 14.7% 13.8% 200 0.8% 13.4% 0.8% 84.4% 86.5% 14.4% 100 10.6% 87.8% 88.6% 84.9% 0 -1.2% -0.3% -100 2005 2Q05 1Q06 2Q06 1H05 1H06 Operating Expenses Fees & Services Expenses Other Expenses 14
Slide 15: Financial Status
Financial Status Financial Status (Bt. Million) 4,500 4,000 4,000 3,500 3,000 2,708 2,778 2,500 2,317 2,200 2,000 1,624 1,500 1,210 1,099 1,108 1,222 1,000 508 526 500 0 2003 2004 2005 30 Jun 2006 Assets Liabilities Shareholders’ Equities 15
Slide 16: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary 16
Slide 17: Outlook Summary for 2H2006
Outlook Summary for 2H2006 1. Outlook for Broking • Target to achieve 4% in Q4 with average of 3.7% for year 2006. • More penetration in high net worth investors. • Plan for more cooperation with BBL on the retail investors. • Leverage on stronger research base to serve our investors especially inst
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