TISCO Financial Group Public Co. Ltd. · SET:TISCO
TISCO Financial Group Public — FY2023 Earnings Presentation
31 slides from TISCO Financial Group Public's earnings presentation, February 2024
Slide 1: TISCO Financial Group Performance Result for FY2023
TISCO Financial Group Public Co., Ltd. Performance Result for FY2023 Audited Financial Statement FY2023
Slide 2: TISCO Overview
TISCO TISCO Overview
Slide 3: Company Profile
Company Profile Timelines 2018 2023 2014 Completed the sale Expanded partnership Business Model of personal loan with EV automakers Expanded and credit card to Microfinance Citibank N.A. “Selective Focus” through the Universal Bank brand “Somwang” 2008 Restructured into holding 2020 company structur
Slide 4: TISCO Group Structure
TISCO Group Structure TISCO TISCO Financial Group Plc.* 99.99% 49% 100% 100% 100% 100% 100% 100% TISCO Bank TISCO Tokyo Leasing Co., Ltd TISCO Insurance Solution Co, Ltd, TISCO Securities Co., Lid TISCO Asset Management TISCO Information Technology Co., Ltd. TISCO Learning Center Co., Lid All-Ways C
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% 6.5% 1.1% YoY 7
Slide 8: Business Profile as of 2023
Business Profile as of 2023 Loan Profile Revenue Mix 8
Slide 9: Share Capital Information
Share Capital Information Total Shares 800,655,483 Ordinary Shares 800,645,624 Preferred Shares 9,859 No. of Shareholders (as of 7 Sep 2023) 60,931 Foreign Shareholders 170 Local Shareholders 60,761 Shareholders by type (as of 7 Sep 2023) Institutional 63.6% Individual 39.4% *As of 31 Dec 2023 Forei
Slide 10: ESG in Core Business Activities
ESG in Core Business Activities As a responsible financial institution, we place sustainability at the center of our core business activities to deliver our purpose of integrity, fairness, and transparency that create sustainable value for our customers, shareholders, people and society. Environment
Slide 11: Recognitions and Awards
Recognitions and Awards Thailand’s Top Corporate Brands 2023 in Banking Sector (3° Year) From Chulalongkom Univesity ‘ Best Mutual Fund 2023 Foreign Fix Income Fund (TUSFIX) from Money & Banking Awards Best of the Best Awards mmm Thailand Best Pension is] Fund Manager from Asia Asset Management Cert
Slide 12: Financial Results
TISCO Financial Results
Slide 13: 2023 Performance Summary
2023 Performance Summary Loan Growth Loan grew by 7.2% (YoY) on the back of strong growth in corporate lending (+32.9% YoY) and Auto Cash loan (+14.8% YoY). Net Interest Income & NIM Net interest income increased along with loan expansion. Loan yield improved from higher proportion of high-yield bus
Slide 14: Consolidated Income Statements
Consolidated Income Statements Unit : Million Baht 4Q22 3Q23 4Q23 % QoQ % YoY 2022 2023 % YoY Interest Income 3,977 4,666 4,839 3.7 21.7 14,904 18,037 21.0 Interest Expenses (633) (1,110) (1,273) 14.7 101.3 (2,171) (4,208) 93.9 Net Interest Income 3,344 3,557 3,565 0.2 6.6 12,734 13,829 8.6 Fee & Se
Slide 15: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht +6.1% +9.5% +6.3% +11.5% QoQ YoY QoQ YoY Unit : Million Baht 2022 3Q23 2023 % QoQ % YoY Unit : Million Baht 2022 3Q23 2023 % QoQ % YoY Loans 219,004 231,794 234,815 1.3 7.2 Deposits & Borrowings 198,983 207,433 220,891 6
Slide 16: Loan Portfolios
Loan Portfolios Total Loans Unit: Million Baht +1.3% +7.2% Retail Loans QoQ YoY +0.3% +1.2% QoQ YoY Corporate Loans +2.4% +32.9% QoQ YoY Loans by sectors SME Loans +8.5% -4.6% QoQ YoY 16
Slide 17: Retail Loan Portfolio Breakdown
Retail Loan Portfolio Breakdown Unit: Million Baht HP New Car HP Used Car HP Auto Cash Housing Loan Other Retail Motorcycle Loans -1.9% QoQ +4.7% QoQ +3.2% QoQ -8.5% QoQ +1.8% QoQ +27.0% QoQ -5.9% YoY +15.3% YoY +14.8% YoY -16.6% YoY +7.2% YoY +46.2% YoY 17
Slide 18: TISCO Auto Cash & Somwang
TISCO Auto Cash & Somwang Auto Cash Loans Unit: Million Baht Auto Cash +3.2% +14.8% QoQ YoY Somwang +7.1% +25.7% QoQ YoY Loan Generated through Somwang channel Somwang Branches 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 -8.7% YoY 19
Slide 20: Loan Spread & NIM
Loan Spread & NIM Change Change YoY QoQ Yield on Loans +50 bps +13 bps Loan Spread -31 bps -11 bps -5 bps -10 bps NIM +81 bps +24 bps Cost of Funds Unit: Million Baht 2021 2022 2023 1Q23 2Q23 3Q23 4Q23 Loan Outstanding 202,950 219,004 234,815 +7.2% 220,099 230,494 231,794 234,815 +1.3% Net Interest
Slide 21: Asset Quality
Asset Quality Loan Classification Non-Performing Loans Unit: Million Baht Unit: Million Baht NPLs Stage 2 Stage 1 NPL by Loan Types Mortgage Auto Cash Hire Purchase SME Other Retail Corporate 21
Slide 22: Expected Credit Loss
Expected Credit Loss Expected Credit Loss Unit: Million Baht Allowance for ECL Unit: Million Baht Coverage Ratio Excess Reserve Expected Credit Loss (ECL) 22
Slide 23: Funding
Funding Total Funding Unit: Million Baht +6.5% +11.0% QoQ YoY Unit : Million Baht 2022 3Q23 2023 % QoQ % YoY Current 1,821 1,423 1,529 7.5 (16.0) Savings 42,930 31,767 28,988 (8.7) (32.5) Fixed Deposits 143,515 167,607 178,128 6.3 24.1 Short-Term Bill of Exchanges 37 36 36 - (2.2) Senior Debentures
Slide 24: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Data as of FY2023 Unit: Million Baht -5.1% YoY +2.8% -10.9% QoQ YoY Unit : Million Baht 4Q22 3Q23 4Q23 % QoQ % YoY 2022 2023 % YoY Ba nki ng Fee 959 800 888 10.9 (7.4) 3,423 3,276 (4.3) Ba
Slide 25: Asset Management Business
Asset Management Business Assets Under Management Unit: Million Baht Rank # 1 +3.2% +4.8% Provident Fund QoQ YoY +4.6% QoQ +5.9% YoY Rank #13 Mutual Fund +2.6% QoQ +2.3% YoY Rank #9 Rank #6 Private Fund -0.9% QoQ +2.9% YoY 25
Slide 26: Brokerage Business
Brokerage Business TISCO Trading Volume & Market Share Unit: Million Baht Trading Volume by Customers 26
Slide 27: Operating Expenses
Operating Expenses Operating Expenses Unit: Million Baht +8.7% Cost to Income Ratio YoY +1.0% +5.4% QoQ YoY Unit : Million Baht 4Q22 3Q23 4Q23 % QoQ % YoY 2022 2023 % YoY Employee Expens es 1,545 1,611 1,600 (0.7) 3.5 6,104 6,384 4.6 Premis es & Equipment Expens es 172 206 202 (1.7) 17.9 670 804 20.
Slide 28: 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 28
Slide 29: Employees and Branch Network
Employees and Branch Network Total Employees Number of Employees Total Branch Network Somwang Loan Offices Bank Branches 29
Slide 30: 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 31: TISCO
TISCO
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