Krungthai Card Public Co. Ltd. · SET:KTC
Krungthai Card Public — 9M23 Earnings Presentation
21 slides from Krungthai Card Public's earnings presentation, Nov 10, 2023
Slide 1: KTC Performance 9M23
KTC PERFORMANCE 9M23 Outstanding IR 2022-2023
Slide 2: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 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 Krung Thai Bank PLC • In July 2002, KTB sold the credit card portfolio to KTC which subsequently transformed KTC into a full consumer finance company and later listed on the SET in October 2002 Shareholder Structure
Slide 4: Business Structure & BOT Regulations
Business Structure & BOT Regulations %Total Receivables Credit Personal Auto Title Hire Credit Card Personal Loan 64.9% 32.0% Card Loan Loan Purchase Multipurpose Multipurpose Multipurpose Multipurpose Type of Loan Unsecure Unsecure Secured or Unsecure Secured 106,701 Nationwide Nationwide Nationwid
Slide 5: Sustainable Household Debt Solution Framework
Sustainable Household Debt Solution Framework BOT’s Consultation Papers, Sep – Oct 2023 Responsible Lending (RL) Risk-Based Debt Service Persistent Debt Pricing (RBP) Ratio (DSR) (PD) Target Group Retail Borrowers Revolving Personal Loans NPLs Performing Loans Loan Type Persistent Debt (PD) (Interes
Slide 6: Key Highlights 9M23
Key Highlights 9M23 Total Revenue Net Profit 18,755 MB 5,534 MB 10.5% (YoY) 2.2% (YoY) Strong Growth in Total Portfolio Total Portfolio 106,701 MB 10.0% (YoY) Sustainable Income Generating Credit Card Personal Loans Leasing 69,225 MB 34,106 MB 3,369 MB 8.9% (YoY) 8.2% (YoY) 74.2% (YoY) Ongoing Incre
Slide 7: Agenda
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 7
Slide 8: Financial Result 9M23
Financial Result 9M23 Total Revenue 18,755 10.5% Total Expense 11,900 16.5% Million Baht (YoY) Million Baht (YoY) Total Revenue Total Operating Expense 6,371 9.1% Unit: MB Million Baht (YoY) 22,055 21,442 23,231 18,755 Cost to Income Ratio 16,978 32.9% 34.2% 34.9% 34.4% 34.0% 8,117 7,260 7,326 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 7.3% 460% 465% 502% 461% 5.9% 5.4% 443% 4.7% 7.3% 4.6% 5.4% 5.1% 460% 476% 448% 4.7% 292% 382% 4
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 70.00 10.0% 101.8 104.6 61.6 62.7 57.4 9.0% 88.4 89.5 54.4 60.00 70.5 8.0% 70.2 65.6 62.4 50.00 7.0% 31.6 34.1 6.0% 22.9 27.1 40.00 74% 77% 76% 5.0% 2.87 80% 2.30 2.22 2.07 30.00 4.
Slide 11: Profitability Ratio
Profitability Ratio Yield on Loan & NIM & COF Net Profit Margin 16.0% 14.9% 14.6% 14.8% 15.0% 14.3% 13.3% 13.2% 13.4% 13.4% 31.1% 32.3% 29.5% 24.2% 29.6% 30.5% 31.9% 2.7% 2.5% 2.4% 2.4% 2.7% 27.4% 29.5% 24.2% 2020 2021 2022 9M22 9M23 2020 2021 2022 9M22 9M23 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 Performances 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 Credit Card Penetration 50.0% 30.0% 1.0% 3.1% 3.4% 4.2% 4.2% 2.2% 1.6% 2.6% 2.6% 1.8% -6.2% 10.0% 12.00 -10.0% Unit: Baht Trillion 10.00 9.47 50.0% 8.00 8.30 8.42 7.30 7.58 8.00 6.79 6.96 7.06 5.07 30.0% 6.00 21.1% 21.6% 22.8% 23.6% 21.2% 20.8% 4.00 19.3% 20.0% 19
Slide 14: Credit Card Performance
Credit Card Performance Portfolio Growth Portfolio Quality KTC 15.4% 8.9% 2.5% 6.3% 1.9% 1.8% 1.9% (%Y/Y) 1.9% Industry Industry 5.4% 1.8% (%Y/Y) -1.6% -0.1% KTC 1.3% 1.2% 1.1% 1.3% 69,462 69,225 60,235 60,201 919 791 738 730 2020 2021 2022 9M23 2020 2021 2022 9M23 Total Credit Card Receivables (Mil
Slide 15: Personal Loan Performance
Personal Loan Performance Portfolio Growth Portfolio Quality 20.5% 15.5% 4.0% 9.1% Industry (%Y/Y) 3.4% 3.0% 2.9% 2.9% NPL Industry KTC (%Y/Y) 10.4% 8.2% 3.1% 0.1% -2.3% NPL KTC 2.7% 2.5% 2.8% 32,283 34,106 29,915 29,235 1,048 843 896 807 2020 2021 2022 9M23 2020 2021 2022 9M23 Total Personal Loan R
Slide 16: 4 Target vs Actual
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 16
Slide 17: Target vs Actual
Target vs Actual Financial Target 2023 Actual 9M23 Net Profit > 7,079 MB 5,534 MB Total Portfolio Growth 15% 10.0% Credit Card Spending Growth 10% 13.7% KTC PROUD Receivables Growth* 7% 6.2% New Booking of P BERM Car for Cash 9,000 MB 1,929 MB New Booking of KTBL Commercial Loan 3,000 MB 1,446 MB Po
Slide 18: Target 2024
Target 2024 Net Profit > 2023 Portfolio Growth NPL 10% Same Level as 2023 15% 5% 6,000 mb Credit Card KTC PROUD Spending Growth Portfolio Growth KTC P BERM New Booking KRUNGTHAI CARD PUBLIC COMPANY LIMITED 18
Slide 19: 5 KTC Sustainability
AGENDA 1 KTC Overview & Key Highlights 2 Financial Results Consumer Finance Industry & 3 KTC Portfolio Performances 4 Target vs Actual 5 KTC Sustainability KRUNGTHAI CARD PUBLIC COMPANY LIMITED 19
Slide 20: Sustainability Overview
Sustainability Overview KTC is a membership company in payment and retail lending business Vision with 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 Social Enviro
Slide 21: 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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