Taichung Commercial Bank Co., Ltd. · TWSE:2812
Taichung Commercial Bank — H1 2018 Earnings Presentation
26 slides from Taichung Commercial Bank's earnings presentation, Sep 3, 2018
Slide 1: 2018 Half Year Investor Conference
Stock No : 2812 Taichung Commercial Bank 2018 Half Year Investor Conference 2018.9.3 £% «2 x We oer a PRE QAP senses wa—en
Slide 2: Disclaimer
Disclaimer This presentation is provided by Taichung Commercial Bank(TCB).The information contained within is not reviewed or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed
Slide 3: Agenda
Agenda 1 Financial Highlights 2 Financial Review 3 Financial Information 4 Appendix 3
Slide 4: 2018 Half Year Financial Highlight
2018 Half Year Financial Highlight Profitability Net Profit after tax 1.9billions,14.4% growth over the same period last year. EPS 0.57, 16.3% growth over the same period last year. Asset quality NPL rate 0.37%、Provision for bad debt coverage rate 378.28%。 Capital adequacy Consolidated：Capital Ratio
Slide 5: Agenda
Agenda 1 Financial Highlights 2 Financial Review 3 Financial Information 4 Appendix 5
Slide 6: Profitability (NT$ Million, NT$,%)
Profitability (NT$ Million, NT$,%) Net Profit 1,910 3,633 3,515 1,669 3,477 2015 2016 2017 1H17 1H18 EPS(After tax) 1.10 1.10 1.07 Retroactively adjusted 0.57 1.14 1.09 1.10 0.49 2015 2016 2017 1H17 1H18 6
Slide 7: Profitability (NT$ Million, NT$,%)
Profitability (NT$ Million, NT$,%) ROE(After tax) 9.19% 8.64% 8.57% 8.72% 8.08% 2015 2016 2017 1H17 1H18 ROA(After tax) 0.56% 0.52% 0.63% 0.58% 0.56% 2015 2016 2017 1H17 1H18 * ROE and ROA are annualized 7
Slide 8: Change in Net Profit (NT$ Million)
Change in Net Profit (NT$ Million) 1H17 1H18 1H17 1H18 YoY 6.1% YoY 10.8% YoY -36.9% YoY 8.4% 5,660 2,185 5,335 3,208 2,896 2,016 423 267 Operating Expense Provision Revenue Profit before tax 8
Slide 9: Deposit breakdown (NT$ Hundred Million,%)
Deposit breakdown (NT$ Hundred Million,%) Total deposit 5,594 5,555 5,661 5,666 5,813 YoY 3.9% HoH 2.7% 524 Foreign currency 535 499 515 528 deposits YoY -2.1% HoH 1.7% 2,802 2,794 2,929 Time & saving Checking & 2,801 2,776 deposits(local Time & demand currency) saving deposits(local YoY 4.6% deposi
Slide 10: Loan breakdown (NT$ Hundred Million, %)
Loan breakdown (NT$ Hundred Million, %) Total Loan YoY 3.4% 4,493 HoH 3.1% 4,345 4,354 4,360 4,313 276 Corporate Consumption 273 282 266 252 YoY 1.1% Mortgage Loan HoH 3.8% 12% 3% OBU SME YoY 2.4% 6% 1,769 1,815 HoH 2.6% 1,772 1,757 1,750 OBU Other YoY 1.9% Personal HoH 2.3% Loan 260 261 259 256 265
Slide 11: LDR and Spreads
LDR and Spreads LDR Spreads Overall LDR NTD LDR FCY LDR Overall spread NTD spread FCY spread 78.49% 78.65% 77.59% 77.73% 76.96% 2.45% 78.19% 1.96% 2.03% 2.07% 2.11% 77.48% 77.15% 77.04% 75.94% 1.77% 1.72% 1.73% 1.72% 1.73% 73.52% 71.47% 71.28% 67.87% 66.00% 1.69% 1.69% 1.70% 1.69% 1.69% 2Q17 3Q17 4Q
Slide 12: TCB Bank's NIM
TCB Bank’s NIM (NT$ Hundred million,%) NIM &interest earning assets 1.28% 1.24% 1.24% 1.22% 1.23% 6,244 6,113 6,174 6,097 6,016 2Q17 3Q17 4Q17 1Q18 2Q18 12
Slide 13: Fee income breakdown (NT$ Million,%)
Fee income breakdown (NT$ Million,%) Fee income YoY 10.7% 1,527 1,459 1,691 HoH 15.9% Others 249 YoY 9.7% HoH 4.2% 227 239 246 Loans Others 143 YoY 72.0% 15% 170 HoH 44.7% Loan Insurance & 360 429 Trust 15% Securities YoY19.2% 45% 410 HoH 4.6% Trust 25% Insurance & Securities 797 767 YoY -3.8% 640 H
Slide 14: Wealth Management fee income (NT$ Million)
Wealth Management fee income(NT$ Million) Total YoY 3.9% 1,126 1,026 1,170 HoH 14.0% 276 308 Mutual Fund YoY 11.6% HoH -8.3% 336 Insurance & Securities YoY -3.8% 797 767 HoH 19.8% 640 Others YoY 79.2% HoH 90.0% 53 50 95 1H17 2H17 1H18 14
Slide 15: Asset quality (NT$ Million, %)
Asset quality(NT$ Million, %) NPLs/Total Loans & NPLs Reserve/NPLs & Loan Reserve -21 bps 129.34% 0.55% 0.58% 378.28% 344.14% 343.87% 0.42% 0.42% 0.37% 268.02% 248.94% 2,501 2,269 6,338 6,345 1,845 1,842 6,260 1,655 6,227 6,083 2Q16 4Q16 2Q17 4Q17 2Q18 2Q16 4Q16 2Q17 4Q17 2Q18 15
Slide 16: Capital adequacy (%)
Capital adequacy (%) Tier I Capital Ratio Tier II Capital Ratio Consolidated 11.94% 10.96% 12.68% 12.41% 2.15% 1.53% 1.42% 1.61% 9.79% 9.35% 11.15% 10.99% 2015 2016 2017 2Q18 Individual Tier I Capital Ratio Tier II Capital Ratio 11.15% 10.25% 12.01% 11.75% 1.66% 1.03% 0.93% 1.16% 9.49% 9.09% 10.98%
Slide 17: Agenda
Agenda 1 Financial Highlights 2 Financial Review 3 Financial Information 4 Appendix 17
Slide 18: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Yearly Results NT$ million 2015 2016 2017 1H18 HoH Assets： Cash and due from banks 96,325 100,323 45,123 44,777 -0.77% Financial investment, net 68,017 77,742 159,651 168,614 5.61% Loans, net 391,084 425,166 430,858 444,338 3.13% A/R, net 6,653 9,802 13,658 12,808 -6.22%
Slide 19: P&L (Consolidated)
P&L (Consolidated) Year Results NT$million 2015 2016 2017 1H17 1H18 YoY Operating income Net interest income 7,475 7,787 8,186 4,058 4,100 1.03% Net fee income 2,043 2,272 2,449 1,123 1,347 19.9% LT investment income (4) (6) (3) (1) (3) -200.0% Net trading income/(loss) 309 663 491 315 63 -80.0% Ass
Slide 20: Agenda
Agenda 1 Financial Highlights 2 Financial Review 3 Financial Information 4 Appendix 20
Slide 21: 2018 Half Year Spot light of operation
2018 Half Year Spot light of operation In view of expanding the niche for market abroad and the new southbound 2018年上半年營運亮點 policy cooperation by government that we approved to set up the first overseas branch in Malaysia. Furthermore, we have obtained the approval letter from LFSA to set up Labuan
Slide 22: 2018 Half Year Spot light of operation
2018 Half Year Spot light of operation To balance the north and south Taiwan's business territory and expand the scope 2018年上半年營運亮點 the sales channel ,in the first half we were active in establishing the branches which located in Xindian Dist ,New Taipei city and Zuoying Dist Kaoshiung city . By thi
Slide 23: 2018 Half Year Achievements
2018 Half Year Achievements Long-term credit rating 2018 A-(twn) and the outlook is stable. Quality improvement for operation and credit risk reduction by centralized loan. Connected to sales channel with completed the establishment of the “North Taiwan 2018年上半年營運亮點 Consumer Banking Center”“South Ta
Slide 24: 2018 Second Half Business Strategy
2018 Second Half Business Strategy Bolstering risk control. Reverently observing the law. Making good use of our advantages. Strengthening the 2018年上半年營運亮點 development of the business. The talent training and planning. Emphasizing an increase in the number of employee and promoted the quality of the
Slide 25: Our vision
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Slide 26: Thanks for your listening.
Thanks for your listening.
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