Kiwoom Securities Co., Ltd · KRX:039490
Kiwoom Securities — Investor Presentation (2009)
20 slides from Kiwoom Securities's investor presentation, 2009
Slide 1: Investor Relations FY2009 Q1
Investor Relations FY2009 Q1 Kiwoom Securities Co., Ltd. “No. No. 1 Securities Broker in Korea” Korea
Slide 2: Disclaimer
Disclaimer All reasonable measures have been taken to ensure the quality and accuracy of the information available in this document. Kiwoom Securities Co., Ltd. makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, completeness or use
Slide 3: Company Overview
Company Overview ◈ Kiwoom Securities Co Co., Ltd Ltd. provides online-based full securities brokerage service with its focus on online brokerage. ◈ Kiwoom has continued to grow at a remarkable pace since its establishment in January 2000. Kiwoom is currently the market leader in both total and ret
Slide 4: Company Profile
Company Profile Establishment January 2000 * Last updated: 31 Mar 09 ** Last updated: 11 May 09 CEO C.E.O. M Yongwon Mr. Y K Kwon Employees 386 * Listing KOSDAQ-listed in April 2004 Shareholder’s Equity KRW 451.2 bln * Outstanding Shares 19 459 476 Shares 19,459,476 Shareholder Structure ** Foreig
Slide 5: "No.1" Securities Broker in Korea
“No.1” Securities Broker in Korea 9 Online-based No brick-and-mortar branch 9 Deep Discount Low brokerage commission rate 9 Market Leader Highest brokerage market share (KRW bln) Net Revenue Breakdown (KRW bln) Operating Profit vs KOSPI Growth Rate 60 40 40% Others Interest 50 30 30% Brokerage Com
Slide 6: Continuous and Unbeatable Market Expansion
Continuous and Unbeatable Market Expansion First Customer “No.1” No.1 Efficient Mover Oriented Securities HTS Advantage Approach Broker Market Share in Total Brokerage Sector Market Share in Online Brokerage Sector 16% 25% 22.26% Kiwoom Others 13.28% Kiwoom Others 14% 20% 12% 10% 15% 8% 5.98% 10%
Slide 7: Higher the Market Share, Larger the Customer Base
Higher the Market Share, Larger the Customer Base •Competitive • Online Steady High Deep p Commission Consulting Growth of Increase of Highest g Q lit Quality C ti Continuous Discount Rate • Voice-of- Customer Customer Market Customer M/S Growth Broker •Strong Brand Customer Base Asset and Share S
Slide 8: Technology Prowess
Technology Prowess 9 User-friendly & Diverse Trading Tools: HTS, WTS, Web, Mobile and Instant Messenger 9 Effectiveness: Powerful yet easy and speedy-designed for active traders 9 Compatibility: Low maintenance cost and flexible upgrades supported by powerful IT parent Kiwoom Order System Structur
Slide 9: Interest: Veiled Source of Revenue
Interest: Veiled Source of Revenue 9 Interest Revenue generated from; Interest from Interest • Customer Cash Deposit Customer Loan ↓ Rate & Cash Deposit ↑ • Customers’ Loan 9 Interest Revenue is highly dependant on; Interest from Customers’ Loan ↑ Interest • Balance of Customers Customers’ Loan &
Slide 10: Additional Source of Revenue
Additional Source of Revenue ((KRW mil)) Revenue of Fixed-income Brokerage g 4,500 4,181 Fixed- income 4,000 Brokerage 3,500 3,000 2,500 Proprietary Corporate Trading Finance 2,000 1 500 1,500 Domestic Equity Brokerage 1,000 500 0 FY06 Q2 Q3 Q4 FY07 Q2 Q3 Q4 FY08 Q2 Q3 Q4 Cross- Online Fund (KRW m
Slide 11: Businesses with Potential Growth
Businesses with Potential Growth Cross-Border Brokerage Service Map Outbound Cross-Border Brokerage 9 Retail-focused outbound trading service of foreign exchange-listed exchange listed stocks 9 First and only consolidated HTS for domestic and ♣ ★ ★ cross-border trading ★ 9 Day-trading ay ad g o
Slide 12: APPENDICES
APPENDICES 1. FINANCIAL HIGHLIGHTS 2. BALANCE SHEET 3. INCOME STATEMENT 4, EQUITY MARKET DATA 5. MARKET SHARE DATA 6. CUSTOMER-RELATED DATA
Slide 13: Appendix 1: Financial Highlights
Appendix 1: Financial Highlights (KRW bln, %) 1,741 451 352 47.4% 1,308 1,090 34.5% 30.4% 833 163 492 126 12.4% 13.5% 318 62 77 10.3% FY03 FY04 FY05 FY06 FY07 FY08 FY03 FY04 FY05 FY06 FY07 FY08 FY03 FY04 FY05 FY06 FY07 FY08 TOTAL ASSETS SHAREHOLDER’S EQUITY ROE 90 208 125 175 80 54 124 48 115 65 44
Slide 14: Appendix 2: Balance Sheet
Appendix 2: Balance Sheet ((KRW mil)) ((KRW mil)) FY08 FY07 FY06 FY05 FY04 FY03 Total Assets 1,741,188 1,308,436 Total Assets 1,090,247 833,019 492,012 318,203 I. Current Assets 1,042,578 787,501 457,995 295,419 1. Cash & Deposit 1,146,557 639,954 1.Cash and financial Inst. 56,388 40,075 49,054 40,0
Slide 15: Appendix 3-1: Annual Income Statement
Appendix 3-1: Annual Income Statement (KRW mil) FY08 FY07 FY06 FY05 FY04 FY03 Net Revenue * 175,135 207,897 123,750 115,340 53,773 50,025 Brokerage Commissions 83 319 83,319 91 357 91,357 50 621 50,621 57 457 57,457 28 021 28,021 29 517 29,517 Interest Revenue 63,633 69,763 40,463 35,749 15,054 10,9
Slide 16: Appendix 3-2: Quarterly Income Statement
Appendix 3-2: Quarterly Income Statement ((KRW mil)) FY08 FY07 FY06 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Net Revenue * 44,981 49,577 38,410 42,169 45,169 56,536 53,174 53,017 33,952 30,320 28,403 31,075 Brokerage Commissions 18,763 31,757 16,682 16,117 21,273 27,248 22,090 20,745 14,173 11,882 11,298
Slide 17: Appendix 4: Equity Market Data
Appendix 4: Equity Market Data Market Trading (KRW ttrn)) (KRW ttrn)) Value (in KRW trn) On/Off line (%) Investor Breakdown (%) Trading Value in Stock Market Daily Domestic 300 12 Total Online Offline Individuals Foreigners [Source: KRX] Average Institutions FY06 122.6 6.1 54.7% 45.3% 67.3% 16.5% 16
Slide 18: Appendix 5: Market Share Data
Appendix 5: Market Share Data KIWOOM KIWOOM Total Brokerage Market Share Total Retail Online Total Retail Online 16% FY03 5.71% 7.06% 8.69% FY06 8.11% 11.99% 14.70% 13.28% May 5.54% 6.97% 8.68% May 7.83% 12.61% 14.92% 14% Jun 5.49% 6.94% 8.75% Jun 7.47% 13.31% 15.57% Jul 5.63% 7.11% 8.88% Jul 7.68%
Slide 19: Appendix 6: Customer-related Data
Appendix 6: Customer-related Data (KRW bln) Customer Cash Deposit Customers‘ Loan (KRW bln) Customer Customer 1,400 No. of Assets Cash Deposit 1,256 Accounts Short-term Long-term (KRW bln) Collateral (KRW bln) Margin Margin 1,200 FY03 823 133,700 32 211 1,000 Q2 829 144,337 35 4 197 Q3 903 158,545 3
Slide 20: IR Contacts
& IR Contacts Mr. In JU / Head of IR juin0512@kiwoom.com +82-2-3787-5228 Mr. Jason Kwan MIN / IR Associate jkmin@kiwoom.com +82-2-3787-4711 Mr. Doojin BYEON / IR Associate djb@kiwoom.com +82-2-3787-4733