Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q4 2008 Earnings Presentation
21 slides from Tisco Financial Group Public's earnings presentation, 2009
Slide 1: Analyst Meeting Q4/2008
TISCO Financial Group Public Co., Ltd. Analyst Meeting Q4/2008 Disclaimer: This presentation material may contain forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the
Slide 2: Agenda
Agenda I. New Group Structure II. Operational Updates III. Financial Performance 4Q08 IV. Q&A 2
Slide 3: New TISCO Group Structure
New TISCO Group Structure TISCO Financial Group Public Company Limited 99.51% 100% 100% 100% 100% 49% TISCO Asset TISCO Information TISCO TISCO Bank Public TISCO Securities Hi-Way Management Technology Tokyo Leasing Company Limited Co., Ltd. Co., Ltd. Co., Ltd. Co., Ltd. Co., Ltd. 3
Slide 4: Agenda
Agenda I. New Group Structure II. Operational Updates III. Financial Performance 4Q08 IV. Q&A 4
Slide 5: New Products & Services 2008
New Products & Services 2008 Super Savings Account Fixed Deposit with Auto Loan Protection • min deposit 100,000 baht Health Insurance Plus (ALP+) • interest rate of 2.4% • upto 2 withdrawals/mth TIP Savings Deposit • tax shield (T) • interest rate (I) + 1.25% • personal accident protection (P) Mutu
Slide 6: Awards & Recognitions 2008
Awards & Recognitions 2008 Best Bank in Thai Baht SET Awards 2008 - Corporate Bonds 2008 "Top Corporate Governance Report" By The Asset Magazine Best Managed Company For Thailand Best Mid-Cap ThaiBMA Best Bond Awards 2007 By FinanceAsia For Best Dealer Compliance by The Thai Bond Market Association
Slide 7: Employee & New Branches 2008
Employee & New Branches 2008 No. of Employee & Branches 2007 3Q08 4Q08 No. of Employee 2,347 2,590 2,662 No. of Branch 27 30 34 New Branch #28 - “Krabi” - Bangkok * 8 9 12 - Upcountry 19 21 22 * Including Head Office branch New Branch #29 - “Surin” New Branch #30 - New Branch #32 - “Samutsakorn” “Pa
Slide 8: Agenda
Agenda I. New Group Structure II. Operational Updates III.Financial Performance 4Q08 IV. Q&A 8
Slide 9: Consolidated Financial Summary
Consolidated Financial Summary Unit: Million Baht 4Q07 3Q08 4Q08 %QoQ %YoY 2007 2008 %YoY Interest income 1,692 1,938 1,965 1.4 16.2 6,944 7,586 9.2 Interest expense (730) (890) (976) 9.7 33.6 (3,456) (3,424) (0.9) Net interest income 962 1,048 989 (5.6) 2.9 3,488 4,162 19.3 Non-interest income 584
Slide 10: Interest Income
Interest Income Interest Income Performance 2008 Interest Income Breakdown Unit: Million Baht 7,586 5,173 Interbank & Investment 6,944 MM 5% 1,215 4% 1,044 Investment Loans Interbank & MM 16% 5,173 5,680 Loans HP & 1,938 1,965 1,692 Finance 265 331 342 HP & Finance 75% 1,345 1,423 1,462 4Q07 3Q08 4Q
Slide 11: Loan Portfolio
Loan Portfolio Strong Loan Growth Loan Breakdown by Industry Unit: Million Baht 19.3% YoY Others Manufacture & Real estate & 97,834 103,109 4% commerce 100,000 construction 7% 9% 86,420 Housing 75,000 2% Public utilities Other Loans & services 74.8% 3% 50,000 72.7% 70.5% Hire Purchase Agricultural &
Slide 12: Hire Purchase Business
Hire Purchase Business Industry New Car Sales & TISCO Penetration Rate % Change (YoY) New Car Sales (Thousand units) Total Car Sales Penetration Rate 50% Passenger 682 +33% 631 25% 567 556 7.7% 9.7% 10.2% 0% 9.4% Total -7.4% -20% -25% -3.0% Pick-up -50% -38% 2006 2007 11M07 11M08 Jan-08 May-08 Jun-0
Slide 13: Net Interest Margins
Net Interest Margins % NIM and Loan Spread 4.2 3.6 3.8 4.0 4.0 3.8 3.4 3.0 4.0 3.9 2.9 3.7 3.7 3.5 3.5 Loan spread 2.5 NIM 2006 2007 2008 4Q07 1Q08 2Q08 3Q08 4Q08 % Yield on Loans and Cost of Funds 7.6 7.3 7.8 7.5 7.3 7.3 7.2 6.8 Yield on loan 4.4 4.1 4.8 3.7 Cost 3.6 3.5 3.6 3.4 2006 2007 2008 4Q07
Slide 14: Non-Interest Income
Non-Interest Income Non-Interest Income Performance 2008 Non-Interest Income Breakdown Unit: Million Baht IB 2,444 2,134 3% 521 Trading 627 Brokerage 0% 489 Trading 22% 476 IB Banking Brokerage 54% 704 590 250 AM 1279 176 107 118 907 AM 21% 132 130 113 264 334 357 Banking 4Q07 3Q08 4Q08 2007 2008 Un
Slide 15: Asset Management Business
Asset Management Business Market NAV TISCO Asset Under Management Unit: Billion Baht Unit: Billion Baht (0.7%) YoY (12.7%) YTD 2,228 Rank #8 2,034 1,946 107.7 113.9 107.0 14% 16% 9% 72% Mutual Fund Mutual Fund 68% 68% 29% 28% 27% Private Fund Private Fund 8% 9% 9% 63% 58% 57% 20% Provident Fund Prov
Slide 16: Brokerage Business
Brokerage Business Average Daily Trading Volume Unit: Million Baht 19,422 18,846 19,959 17,097 15,944 16,281 12,212 12,612 Market 1,186 1,104 1,053 1,048 845 861 669 760 TISCO 2006 2007 2008 4Q07 1Q08 2Q08 3Q08 4Q08 TISCO - Brokerage Value & Market Share Unit: Million Baht Brokerage Value Market Sha
Slide 17: Balance Sheet
Balance Sheet Assets Mix Liabilities Mix Unit: Million Baht Unit: Million Baht 27.5% YoY 32.4% YoY 98,953 116,059 126,173 86,579 104,704 114,637 Other assets Other Liabilities Interbank & MM Investment LT Borrowings 65% 62% 63% Other Retail Loans 86% 88% Interbank 79% Hire Purchase Deposits & ST Cor
Slide 18: Deposits and ST Borrowings
Deposits and ST Borrowings Deposits & ST Borrowings Breakdown Unit: Million Baht 46.9% YoY 93,566 100,591 11% 7% 68,459 6% 36% 47% Current & Savings 46% Fixed Deposits 54% 42% 48% ST Borrowings 2007 3Q08 4Q08 Unit: Million Baht 2007 3Q08 4Q08 %YoY Current 2,089 3,844 6,414 207.0 Savings 2,158 4,361
Slide 19: Assets Quality
Assets Quality Assets Quality NPL Ratio (%) Unit: Million Baht NPL Coverage Ratio 4.3% 74.8% 76.1% 3.9% 62.14% 3,751 3,874 2,984 2.9% 2007 3Q08 4Q08 2007 3Q08 4Q08 NPL by Loan Type 2007 %NPL 3Q08 %NPL 4Q08 %NPL (Million Baht) Corporate 1,186 7.6 1,212 6.4 606 3.1 Hire Purchase 1,413 2.2 1,654 2.3 1,
Slide 20: Risk-Based Capital Adequacy
Risk-Based Capital Adequacy Capital Adequacy Ratio Unit: Million Baht 11.94% 11.75% 11.58% 9.94% 11.20% Capital Base 9.90% BIS Ratio 12,374 11,355 11,536 Tier I 2007 3Q08 4Q08 Risk-Based Capital Breakdown Listed Equity Non-listed Non-listed Dec. 08 Listed Equity Dec. 07 Operational 16.4% Equity Oper
Slide 21: Investor Relations
Investor Relations TISCO Bank Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6868 Fax: +66-2-633-6818 Email: IR@tisco.co.th Website: www.tisco.co.th 21
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