Ho Chi Minh City Securities Corp. · HOSE:HCM
Ho Chi Minh City Securities — Q3 2024 Earnings Presentation
10 slides from Ho Chi Minh City Securities's earnings presentation, Oct 22, 2024
Slide 1: Q3 & 9M.2024 Earnings Call
hse HO CHI MINH CITY SECURITIES COMPANY Q3 & 9M.2024 EARNINGS CALL
Slide 2: Highlights
Highlights The VN Index closed at 1,288, up 3% from Q2. Average daily trading was subdued at VND18,600 billion, down 24% YoY and 1 26% QoQ. In Q3.2024, HSC netted VND831 billion in revenue and VND275 billion in profit, up 30% and 3% YoY respectively. 2 For 9M, revenue was VND2,423 billion and profit
Slide 3: Summary
Summary Q3.2024 VND831 billion VND275 billion 6.7% 1 Revenue Profit before tax Brokerage market share 30% YoY 3% YoY 1.6% points YoY 9M.2024 VND2,423 billion VND1,011 billion1 VND19,286 billion Revenue Profit before tax Margin loan balance 46% YoY 64% YoY 70% YoY 22
Slide 4: Business Results
Business Results Business Results Q3.2023 Q3.2024 +/-% 9M.2023 9M.2024 +/-% FY2024 Plan % completed (VND bn) Total revenue (*) 637 831 30% 1,655 2,423 46% 3,182 76% Operating expenses (*) 370 555 50% 1,038 1,412 36% 1,732 82% Profit before tax 266 275 3% 617 1,011 64% 1,450 70% Total assets 16,663 3
Slide 5: Revenue Structure | Q3.2024
Revenue Structure| Q3.2024 Securities Brokerage Margin Lending 14% 64% 0.2% 478 18% 292 23% 224 193 Q3.2023 Q3.2024 Q3.2023 Q3.2024 Prop. Investment Corporate Finance 58% 38% 70% Securities Brokerage Margin Lending 152 Proprietary Investments Corporate Finance 110 6 2 Q3.2023 Q3.2024 Q3.2023 Q3.2024
Slide 6: Revenue Structure | 9M.2024
Revenue Structure| 9M.2024 Securities Brokerage Margin Lending 33% 61% 1,204 2% 747 661 20% 27% 496 9M.2023 9M.2024 9M.2023 9M.2024 Prop. Investment Corporate Finance 50% 25% 564% 486 Brokerage Services Margin Lending 388 Proprietary Investments Corporate Finance 54 8 9M.2023 9M.2024 9M.2023 9M.2024
Slide 7: Expenses Structure | Q3.2024
Expenses Structure| Q3.2024 Variable expenses Fixed expenses 218 378 153 177 4 Other fixed expenses 40% 271 12 4 8 Depreciation expense 2% 9 19 Other variable expenses 1% 8 17 27 Office related expenses 12% 121 24 Interest expenses 124% 18 19 IT expenses 13% 34 Incentives 14% 39 Accrued bonus 5% 93
Slide 8: Expenses Structure | 9M.2024
Expenses Structure| 9M.2024 Variable expenses Fixed expenses 583 878 455 534 12 522 12 Other fixed expenses 11% 48 23 1% Depreciation expense Other variable expenses 6% 44 56 370 23 53 79 Office related expenses 6% Interest expenses 41% 68 76 133 47 IT expenses 15% Incentives 74% 76 Accrued bonus 62
Slide 9: Financial Position as of 30/09/2024
Financial Position as of 30/09/2024 Assets Liabilities & Equity 17,911 32,715 17,911 32,715 520 1,966 10,057 511 Other assets 59% 19,286 366 Other receivables 442% 363 59% 8,312 Loans 12,135 22,148 Owners equity 21% Bonds 417% 438 6,200 17% Stocks & fund certificates 145% Other current payables 1,20
Slide 10: Thank You
THANK YOU HO CHI MINH CITY SECURITIES COMPANY AB Tower, 76A Le Lai, Ben Thanh Ward, District 1, Ho Chi Minh City hsc.com.vn | (8428)38 233 299 9
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