Taichung Commercial Bank Co., Ltd. · TWSE:2812
Taichung Commercial Bank — FY2017 Earnings Presentation
22 slides from Taichung Commercial Bank's earnings presentation, Apr 30, 2018
Slide 1: Taichung Commercial Bank 2017 Investor Conference
PHB AT OB PIAT Stock lo : 2812 Taichung Commercial Bank 2017 Investor Conference 2018.4.30
Slide 2: Agenda
Agenda： Financial Highlights Achievements & Business Strategy 2
Slide 3: Financial Highlights
TAICHUNG BANK Financial Highlights
Slide 4: Disclaimer
Disclaimer Financial numbers in this report may include preliminary unaudited numbers or management accounts. The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any
Slide 5: Balance sheet (Consolidated)
Balance sheet (Consolidated) Yearly Results YoY NT$ million 2015 2016 2017 (2017 V.S. 2016) Assets： Cash and due from banks 96,325 100,323 45,123 -55.02% Financial investment, net 68,017 77,742 159,651 105.36% Loans, net 391,084 425,166 430,858 1.34% A/R, net 6,653 9,802 13,658 39.34% LT investments
Slide 6: P&L (Consolidated)
P&L (Consolidated) Yearly Results YoY 2015 2016 2017 (2017 V.S. 2016) NT$ million Operating income Net interest income 7,475 7,787 8,186 5.1% Net fee income 2,043 2,272 2,449 7.8% LT investment income (4) (6) (3) 50.0% Net trading income/(loss) 309 663 491 -25.9% Asset impairment loss or 39 106 (51)
Slide 7: Summary ratios
Summary ratios Yearly Results YoY 2015 2016 2017 (2017 V.S. 2016) Per Share Data EPS (after-tax) (NT$) 1.14 1.09 1.1 0.92% 【note】 DPS (NT$) 0.67 0.72 0.70 -2.78% BVPS (NT$) 12.55 12.78 13.18 3.13% Common shares 3,047 3,238 3,293 1.70% outstanding(million share) Profitability ROA (after-tax)(%) 0.63%
Slide 8: Summary ratios (continued)
Summary ratios (continued) Yearly Results YoY 2015 2016 2017 (2017 V.S. 2016) Bank Growth Ratios NII Growth 4.37% 4.18% 5.12% 0.94% Fee growth -1.62% 11.18% 7.77% -3.41% Net profit growth -6.99% 1.09% 3.35% 2.26% Bank Performance Ratios Loan growth 1.91% 8.58% 1.35% -7.23% Deposit growth 10.72% 6.92
Slide 9: Profitability
Profitability(NT$ Million, NT$,%) Retroactively adjusted EPS Net Profit YoY +3% 1.10 1.10 1.07 3,633 3,515 EPS(after tax) 3,477 1.14 1.09 1.10 2015 2016 2017 2015 2016 2017 ROE(after tax) ROA(after tax) 9.19% 8.64% 8.57% 0.63% 0.59% 0.57% 2015 2016 2017 2015 2016 2017 9
Slide 10: Asset quality
Asset quality(NT$ Million,%) NPLs/Total Loans Reserve/Total Loans 1.46% 1.46% 1.46% 1.45% 1.45% 0.58% 0.41% 0.42% 0.41% 0.42% Reserve/NPLs 355.91% 344.14% 355.39% 343.87% 248.94% NPLs 2,501 Loan Reserve 1,783 1,842 1,845 1,758 6,338 6,337 6,345 6,256 6,227 Dec 16 Mar 17 Jun 17 Sep 17 Dec 17 Dec 16 M
Slide 11: Deposit breakdown
Deposit breakdown Yearly Results YoY NT $ million 2015 2016 2017 (2017 V.S. 2016) Checking、demand & savings Checking & demand deposits 125,636 114,992 112,438 -2.22% Saving deposits 110,419 118,155 121,997 3.25% Sub-total 236,055 233,147 234,435 0.55% Time & savings Time deposits (incl. CD) 85,322 1
Slide 12: Deposit breakdown (NT$ Hundred Million,%)
Deposit breakdown(NT$ Hundred Million,%) Loan-to-deposit ratio Time deposits(forei gn currency) 79.91% 78.72% 78.61% YoY 4.56% 77.92% 77.22% +4.9% Time deposits 5,398 5,513 5,594 5,555 5,661 (foreign currency) 301 264 258 9.3% 236 259 223 233 234 256 Demand deposits Checking & 204 (foreign currency)
Slide 13: Credit risk analysis
Credit risk analysis Yearly Results YoY NT $ million 2015 2016 2017 (2017 V.S. 2016) By Industry Personal loans 184,281 198,706 208,626 4.99% Manufacturer 76,805 88,364 92,453 4.63% Commerce 59,709 66,442 61,285 -7.76% Real estate 47,832 47,330 48,804 3.11% Construction industry 12,791 15,628 18,458
Slide 14: Loan breakdown
Loan breakdown(NT$ Hundred Million, %) YoY YoY YoY YoY YoY YoY -0.3% +3.0% +2.4% -7.6% -4.4% +88.2% Other personal loan 1,772 32% 32% 1,775 1,769 1,759 1,757 Consumption 4Q/16 loan 1% 2% 1,406 1,410 7% 6% Corporate 1Q/17 1,389 1,399 1,369 2Q/17 SME 41% 41% 3Q/17 OBU 4Q/17 6% 6% Mortgage 555 563 561
Slide 15: Net interest income & fee income
Net interest income & fee income NII Breakdown Yearly Results YoY 2015 2016 2017 (2017 V.S. 2016) NT$ million Loan interest 10,078 9,802 10,212 4.18% Other interest 1,513 1,671 1,866 11.67% Interest expense (4,116) (3,686) (3,892) 5.59% Net interest income 7,475 7,787 8,186 5.12% Fee Breakdown Yearl
Slide 16: Net interest margin and interest-bearing asset
Net interest margin and interest-bearing asset (NT$ Hundred Million,%) NIM NIM 1.28% 1.27% 1.28% 1.24% 1.24% 1.24% Average interest-bearing asset Average interest-bearing asset QoQ -1.6% YoY +5.4% Loan +250 6,016 6,113 6,097 5,707 6,047 6,016 1Q/17 2Q/17 3Q/17 4Q/17 2016 2017 16
Slide 17: Fee breakdown
Fee breakdown(NT$ Million,%) 2,834 2,986 YoY YoY YoY YoY YoY Brokerage -9.4% +38.4% +14.4% +8.3% +21.8% 1,437 1,586 Trust 528 4Q/16 Loans 1Q/17 770 557 2Q/17 Guarantee 323 320 320 313 269 3Q/17 273 100 122 211 Others 184 199 4Q/17 318 344 170 176 2016 2017 88 91 86 86 85 87 74 68 75 82 Fee income %
Slide 18: Capital adequacy
Capital adequacy(%) Consolidated Tier I Capital Ratio Tier II Capital Ratio 11.94% 10.96% 12.68% 2.15% 1.53% 1.61% 9.79% 9.35% 11.15% 2015 2016 2017 Individual Tier I Capital Ratio Tier II Capital Ratio 11.15% 10.25% 12.01% 1.03% 1.66% 1.16% 9.49% 9.09% 10.98% 2015 2016 2017 18
Slide 19: Achievements & Business Strategy
Achievements & Business Strategy 19
Slide 20: 2017 Achievements
2017 Achievements Acquiring financial technology patents of “Bank Counter’s ID Verification System” and “Automated Teller Machine Featuring Biometrics And Barcode Verifications.” Setting up the 81th branch, “Xingang Branch,” In Chiayi county. Acquired permission to set up “Yanchao Branch” In Kao
Slide 21: 2018 Business Strategy
2018 Business Strategy Maximize our benefits from our advantages in low funding costs and SME operations, Exploit benefits through business integration. Assuring the quality of our credit assets while increasing the scale steadily and firmly. Startup digital transformation in order to raise op
Slide 22: Thanks for your listening.
Thanks for your listening. 22
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