Krungthai Card Public Co. Ltd. · SET:KTC
Krungthai Card Public — 9M24 Earnings Presentation
22 slides from Krungthai Card Public's earnings presentation, November 2024
Slide 1: KTC Performance 9M24
KTC PERFORMANCE 9M24 MSCI Global Standard Index since May 2020 Outstanding CFO 2024
Slide 2: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 2
Slide 3: KTC Overview
KTC Overview • Incorporated in 1996 as a credit card servicing subsidiary company of Krungthai Bank PLC • In July 2002, KTB sold the credit card portfolio to KTC which subsequently transformed KTC into a full consumer finance company Shareholder Structure KTC Holding Structure KTB, Thai 49.29% Insti
Slide 4: Business Structure & BOT Regulations
Business Structure & BOT Regulations %Total Gross A/R Credit Personal Auto Title Hire Personal Loan Card Loan Loan Purchase Credit Card 32.8% 65.0% Multipurpose Multipurpose Multipurpose Multipurpose Type of Loan Unsecured Unsecured Secured or Unsecured Secured 106,183 Nationwide Nationwide Nationwi
Slide 5: 2024 KTC Debt Restructuring & BOT Relief Measures
2024 KTC Debt Restructuring & BOT Relief Measures Assistance Interest Period Measure Rate Minimum Payment Change to 15.75% Credit Card Long Term Per Annum 48 Months ▪ Extends the minimum payment at 8% from the Personal Loan end of 2024 to the end of 2025. ▪ Debtors who pay a minimum payment of ≥8% o
Slide 6: Key Highlights 9M24
Key Highlights 9M24 Total Revenue Net Profit 20,434 MB 5,549 MB 8.9% (YoY) 0.3% (YoY) Sustained Earnings Quality Total Portfolio (Gross A/R) 106,183 MB 0.5% (YoY) Stable Portfolio Growth Credit Card Personal Loans Leasing 69,093 MB 34,806 MB 2,284 MB 0.2% (YoY) 2.1% (YoY) 32.2% (YoY) Steady Increase
Slide 7: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 7
Slide 8: Financial Result 9M24
Financial Result 9M24 Total Revenue 20,434 8.9% Total Expense 13,524 13.6% Million Baht (YoY) Million Baht (YoY) Total Operating Expense 7,187 12.8% Total Revenue Million Baht (YoY) Unit: MB Cost to Income Ratio 21,442 23,231 25,418 20,434 18,755 35.2% 34.2% 34.9% 34.6% 34.0% 7,187 8,801 8,117 6,371
Slide 9: Expected Credit Loss
Expected Credit Loss Expected Credit Loss Allowance for Expected Credit Loss Credit Cost (Total ECL to Total Loan) NPL Coverage ratio (Total Allowance to NPLs) Separate Consolidated Separate Consolidated 465% 502% 476% 5.9% 5.2% 6.3% 443% 422% 4.7% 5.4% 5.4% 5.0% 6.1% 476% 400% 4.7% 5.1% 382% 292% 3
Slide 10: Balance Sheet and Source of Fund
Balance Sheet and Source of Fund Balance Sheet Highlight Interest Bearing Debt (Original Term) THB Billion THB Billion 112.8 101.8 105.7 66.4 89.5 70.00 10.00% 61.6 60.1 77.0 70.2 67.6 9.00% 62.4 60.00 54.4 8.00% 35.8 38.0 31.6 50.00 7.00% 27.1 71% 6.00% 74% 73% 40.00 2.30 2.22 2.15 1.78 5.00% 30.00
Slide 11: Profitability Ratio
Profitability Ratio Yield on Loan & NIM & COF Net Profit Margin 14.9% 14.6% 14.8% 15.0% 14.7% 31.1% 13.3% 13.2% 13.2% 13.4% 13.1% 29.5% 28.9% 29.6% 27.7% 2.9% 30.5% 29.5% 2.5% 2.4% 2.7% 2.7% 28.7% 27.4% 27.2% 2021 2022 2023 9M23 9M24 9M23 9M24 2021 2022 2023 Yield on Loan Net Interest Margin (NIM)*
Slide 12: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 12
Slide 13: Credit Card Industry & Market Share
Credit Card Industry & Market Share 50.0% Credit Card Penetration 30.0% 3.1% 3.4% 4.2% 4.2% 2.2% 2.6% 1.9% 2.3% 1.6% 10.0% 12.00 -6.2% 10.34 -10.0% 9.47 90.0% Unit: Baht Trillion 8.42 10.00 8.00 8.30 7.06 7.30 7.58 70.0% 8.00 6.96 5.31 50.0% 6.00 20.0% 21.1% 21.6% 22.8% 23.6% 19.8% 19.6% 21.2% 21.0%
Slide 14: Credit Card Performance
Credit Card Performance Portfolio Growth Portfolio Quality 2.89% KTC 15.4% 2.45% 2.43% (%Y/Y) 7.2% 1.77% 1.89% Industry 1.9% -0.2% NPL Industry (%Y/Y) 8.5% NPL KTC -0.1% 3.3% -3.2% 1.23% 1.06% 1.15% 1.33% 1.30% 69,462 74,441 60,201 69,093 919 895 738 730 851 2021 2022 2023 9M24 2021 2022 2023 9M23 9
Slide 15: Personal Loan Performance
Personal Loan Performance Portfolio Growth Portfolio Quality 17.9% 3.52% 3.45% 3.58% 13.5% 2.92% 2.93% Industry (%Y/Y) 9.1% NPL Industry 4.0% KTC (%Y/Y) NPL KTC 2.54% 2.81% 2.99% 3.11% 10.4% 7.5% 2.21% 2.1% -2.3% 1,024 1,048 34,716 34,806 843 896 29,235 32,283 762 2021 2022 2023 9M24 2021 2022 2023
Slide 16: Target vs Actual
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 16
Slide 17: Target vs Actual
Target vs Actual Target 2024 Actual 9M24 Net Profit (MB) > 7,295 5,549 Total Portfolio Growth 6 - 7% 0.5% Credit Card Spending Growth 15% 10.0% KTC PROUD Portfolio Growth 5% 2.1% (0-90 Days) New Booking of 6,000 1,946 P BERM Car for Cash (MB) Portfolio Quality (%NPL) ≤ 2.0% 1.93% KRUNGTHAI CARD PUBL
Slide 18: Target 2025
Target 2025 Net Profit Net Profit > 2024 Credit Card Spending Growth 10% Total Portfolio Growth 4-5% KTC PROUD Portfolio Growth 3% Portfolio Quality (%NPL) ≤ 2.0% New Booking of P BERM Car for Cash 3,000 MB KRUNGTHAI CARD PUBLIC COMPANY LIMITED 18
Slide 19: KTC Sustainability
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performance 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 19
Slide 20: Sustainability Overview
Sustainability Overview KTC is a member company in the payment and retail lending business Vision with an emphasis on being a trusted organization with sustainable growth To provide better financial products and services to enhance Purpose quality of life for all Thais Strategies Economic Dimension
Slide 21: Appendix | KTC Ratio Formula
Appendix | KTC Ratio Formula Cost to Income Total Operating Expense / Total Revenue Credit Cost Expected Credit Loss (ECL) / Total Gross A/R %NPL (Total Stage 3 (Excluding Accrued Interest)) / Total Gross A/R (Excluding Accrued Interest) NPL Coverage Ratio Total Allowance / (Total Stage 3 + NPL (Exc
Slide 22: Thank You
THANK YOU Disclaimer: This presentation is intended only for use by Krungthai Card Public Company Limited (KTC). No copy or use of this presentation should occur without the permission of KTC. KTC retains all intellectual property interests associated with the presentation. KTC makes no claim, promi
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