Tisco Financial Group Public Co. Ltd. · SET:TISCO

Tisco Financial Group Public — FY2024 Earnings Presentation

19 slides from Tisco Financial Group Public's earnings presentation, Jan 14, 2025

  1. Slide 1: TISCO Financial Group Analyst Meeting FY2024

    TISCO Financial Group Public Co., Ltd. Analyst Meeting FY2024 January 14, 2025 TISCO Financial Group | Analyst Meeting

  2. Slide 2: Profit decreased due to stepping up ECL expense while PPOP improved from last year

    Profit decreased due to stepping up ECL expense while PPOP improved from last year Consolidated Income Statements Unit : Million Baht 4Q23 3Q24 4Q24 % QoQ % YoY 2023 2024 % YoY Interest Income 4,776 4,749 4,746 (0.1) (0.6) 17,781 19,014 6.9 Interest Expenses (1,273) (1,364) (1,345) (1.4) 5.6 (4,208)

  3. Slide 3: Well-managed balance sheet to reflect the economic situations

    Well-managed balance sheet to reflect the economic situations Assets Liabilities Unit: Million Baht Unit: Million Baht +1.5% -3.0% +1.2% -3.8% QoQ YoY QoQ YoY Unit : Million Baht 2023 3Q24 2024 % QoQ % YoY Unit : Million Baht 2023 3Q24 2024 % QoQ % YoY Loans 234,815 229,948 232,200 1.0 (1.1) Deposit

  4. Slide 4: Loan contracted mainly impacted by weak auto market, resulting in a decline in HP business and SMEs

    Loan contracted mainly impacted by weak auto market, resulting in a decline in HP business and SMEs Loan Portfolios Unit: Million Baht +1.0% -1.1% Retail Loans QoQ YoY -0.1% -2.9% QoQ YoY Corporate Loans +4.3% +4.0% QoQ YoY Loans by sectors SME Loans -1.3% -1.6% QoQ YoY TISCO Financial Group | Analy

  5. Slide 5: HP New car was impacted by weakened industry car sale while high-yield loans continued to grow

    HP New car was impacted by weakened industry car sale while high-yield loans continued to grow with cautious underwriting Composition of Retail Loans Unit: Million Baht HP New Car HP Used Car HP Auto Cash Housing Loan Other Retail Motorcycle Loans -2.0% QoQ +1.6% QoQ 0.0% QoQ -4.2% QoQ +23.2% QoQ -1

  6. Slide 6: Somwang expansion plan was extended to focus more on cost control and branch efficiency

    Somwang expansion plan was extended to focus more on cost control and branch efficiency improvement Auto Cash Loans Unit: Million Baht Auto Cash 0.0% +3.7% QoQ YoY Somwang +4.9% +14.3% QoQ YoY Loan Generated through Somwang channel Somwang Branches TISCO Financial Group | Analyst Meeting 6

  7. Slide 7: Weak domestic car sale due to tightened underwriting and credit concern from financial institutions

    Weak domestic car sale due to tightened underwriting and credit concern from financial institutions Industry New Car Sale TISCO’s Auto HP Penetration Rate TISCO Financial Group | Analyst Meeting 7

  8. Slide 8: Cost of funds has peaked after a policy rate cut by BOT while loan yield increased

    Cost of funds has peaked after a policy rate cut by BOT while loan yield increased along with growth in high yield loans Change Change YoY QoQ Yield on Loans +26 bps +5 bps Loan Spread -23 bps +6 bps NIM -10 bps +5 bps +49 bps -1 bps Cost of Funds Unit: Million Baht 2022 2023 2024 1Q24 2Q24 3Q24 4Q2

  9. Slide 9: NPLs started to improve thanks to more effective debt collection and proactive NPL management

    NPLs started to improve thanks to more effective debt collection and proactive NPL management Loan Classification Non-Performing Loans Unit: Million Baht Unit: Million Baht NPLs Stage 2 Stage 1 NPLs by Loan Types Mortgage Auto Cash Hire Purchase SME Other Retail Corporate TISCO Financial Group | Ana

  10. Slide 10: ECL expense increased as planned, aiming to step up provisioning before resuming the normalized level in 2025

    ECL expense increased as planned, aiming to step up provisioning before resuming the normalized level in 2025 Expected Credit Loss Unit: Million Baht Allowance for ECL Unit: Million Baht Coverage Ratio Expected Credit Loss (ECL) TISCO Financial Group | Analyst Meeting 10

  11. Slide 11: Efficiently managed funding base to align with loan portfolio contraction

    Efficiently managed funding base to align with loan portfolio contraction Total Funding Unit: Million Baht +1.4% -4.0% QoQ YoY Unit : Million Baht 2023 3Q24 2024 % QoQ % YoY Current 1,529 1,797 1,793 (0.2) 17.2 Savings 28,988 26,755 26,923 0.6 (7.1) Fixed Deposits 178,128 176,202 177,821 0.9 (0.2) S

  12. Slide 12: Fee income grew from AM business and IB underwriting fee, with an addition of gain on investment portfolio

    Fee income grew from AM business and IB underwriting fee, with an addition of gain on investment portfolio Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Unit: Million Baht Data as of FY2024 +1.0% YoY -0.1% +1.9% QoQ YoY Unit : Million Baht 4Q23 3Q24 4Q24

  13. Slide 13: AUMs grew following the increased contributions in provident fund business and new issuances of mutual funds

    AUMs grew following the increased contributions in provident fund business and new issuances of mutual funds Assets Under Management Unit: Million Baht Rank # 1 -0.3% +3.7% Provident Fund QoQ YoY +1.9% +9.5% QoQ YoY Rank #14 Mutual Fund -2.1% +5.8% QoQ YoY Rank #9 Rank #6 *Remark: Market shares and

  14. Slide 14: TISCO's trading volume decreased along with weak market trading volume, however market share improved YoY

    TISCO’s trading volume decreased along with weak market trading volume, however market share improved YoY TISCO Trading Volume & Market Share Unit: Million Baht Trading Volume by Customers TISCO Financial Group | Analyst Meeting 14

  15. Slide 15: OPEX was controlled through employee expense, IT expense and marketing expense amid slow economic recovery

    OPEX was controlled through employee expense, IT expense and marketing expense amid slow economic recovery Operating Expenses Cost to Income Ratio Unit: Million Baht -0.9% YoY +2.3% -0.3% QoQ YoY Unit : Million Baht 4Q23 3Q24 4Q24 % QoQ % YoY 2023 2024 % YoY Employee Expens es 1,600 1,541 1,553 0.8

  16. Slide 16: Maintained solid capital level and exceeded BOT's requirement

    Maintained solid capital level and exceeded BOT’s requirement 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 *Projected figures TISCO Financial Group | Analyst Meeting 16

  17. Slide 17: Continued to expand Somwang staff and network as a part of TISCO's long-term plan

    Continued to expand Somwang staff and network as a part of TISCO’s long-term plan Total Employees Total Branch Network Somwang Loan Offices Bank Branches TISCO Financial Group | Analyst Meeting 17

  18. Slide 18: 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 +(66) 2633 6855 ir@tisco.co.th www.tisco.co.th Disclaimer This presentation material may contain forward-looking statements. These forward-lo

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