O-bank Co. Ltd. · TWSE:2897
O-bank — Investor Presentation (March 2025)
46 slides from O-bank's investor presentation, Mar 17, 2025
Slide 1: O-Bank 2024 Business Review
Security Code：2897.TW O-Bank 2024 Business Review 17 Mar 2025
Slide 2: Disclaimer
Disclaimer This document is provided by O-Bank Co., Ltd. (the "Company"). The Company makes no express or implied representations or warranties as to the accuracy, completeness, or correctness of such information or opinions. This document is provided as of the date herein and will not be updated to
Slide 3: Agenda
01 2024 Operation Highlights 02 2024 Financial Results Agenda 03 Key Strategic Focuses 04 Appendix 2
Slide 4: 2024 Operation Highlights
01 2024 Operation Highlights 3
Slide 5: 2024 Operation Highlights
01 2024 Operation Highlights Excluding the One Off Gain Resulting from the Lease 1 Operating Performance Merger Case in 2022, Both Standalone Net Profits after Tax and EPS Achieved Record Highs in 2024 NTD million O-Bank 2024 2023 YoY Consolidated Net Revenues 10,179 9,544 +7% Consolidated Net Profi
Slide 6: 2024 Operation Highlights: Bank-only profit before tax record high
01 2024 Operation Highlights Standalone Net Profits before Tax from Bank Only 1 Operating Performance (excluding associated subsidiaries) Reached a Record High NTD million O-Bank Only 2024 2023 YoY Standalone Net Revenues (Excluding share of profit of associates subsidiaries and 6,652 5,997 +11% acc
Slide 7: 2024 Operation Highlights: Main Subsidiaries
01 2024 Operation Highlights 1 Operating Performance 2024 2023 Main YoY Net Profits Net Profits (Net Profits Subsidiaries After Tax Earnings Per After Tax Earnings Per After Tax) Share(EPS) Share(EPS) (NT$ million) (NT$ million) China Bills 1,374 NTD $1.02 1,289 NTD $0.96 +7% Finance EverTrust Bank
Slide 8: 2024 Operation Highlights: Capital Adequacy & Asset Quality
01 2024 Operation Highlights Maintained a Stable Capital Adequacy & Exhibited 2 Capital Adequacy & Asset Quality Asset Quality Exceeding the Industry Average Level ⚫ As of the end of 2024, O-Bank’s BIS Ratio was 13.69%, Tier1 Capital Ratio was 12.19%, and CET1 Ratio was 12.11%. ⚫ As of the end of 20
Slide 9: Awards & Recognitions in 2024
01 Awards & Recognitions in 2024 No.1 among listed companies & MorningStar Sustainalytics' No.1 among financial institutions in Taiwan, ESG Risk Ratings ranked in the Global Top 50. No.1 among financial institutions & FTSE Russell's ESG Scores No.7 among listed companies in Taiwan. S&P Global Corpor
Slide 10: 2024 Financial Results
02 2024 Financial Results 02-3 Individual Financial Results: 02-1 Consolidated Financial Results China Bills Finance Corp. 02-2 Standalone Financial Results: 02-4 Individual Financial Results: O-Bank EverTrust Bank 9
Slide 11: O-Bank's Main Subsidiaries and Associated Companies
02 O-Bank’s Main Subsidiaries and Associated Companies ：O-Bank and its subsidiaries O-Bank Co., Ltd. ：Associated companies whose profits are recognized using equity method ：O-Bank and its main profit subsidiaries 100% 28.37% 100% 41.64% 20% IBT Holdings Venture Capital Business Infinite Beijing Suns
Slide 12: Consolidated Financial Results
02-1 Consolidated Financial Results 11
Slide 13: Consolidated Financial Results: Total Assets and Net Profit
02-1 Consolidated Financial Results Total Assets Net Profit NT $ billion NT $ million Net Profit Total Assets Net Profit Attributable to Parent Bank Total Assets to Parent Company Growth Rate 8.56% 8.99% 2.62% -0.06% 0.39% 5,808 YoY+13.62% 683 627 YoY+14.60% 575 575 577 5,034 3,893 3,426 3,200 2,778
Slide 14: Consolidated Net Profit Compositions by Business Unit
02-1 Consolidated Financial Results Net Profit Compositions NT $ million (by Business Unit) 7 3,893 150 55 2024 FY 634 1,374 1,721 (49) O-Bank CBF IBT Holdings Venture Capital Infinite Finance Sunshine Others Consolidated Net *2 *3 (holding Business Consumer Profit EverTrust Bank) (Inc. IBT VII Fina
Slide 15: Consolidated Net Profit Compositions
02-1 Consolidated Financial Results Net Profit Compositions NT $ million 2024 FY 10,179 5,017 3,893 -5,109 -53 -1,124 Net Revenue Operating Expense Provision Profit before Tax Tax & Income(loss) Net Profit from discontinued operations YoY +6.65% +10.63% -94.07% +24.52% +86.46% +13.62% 2023 FY 9,544
Slide 16: Consolidated Net Revenue Breakdown
02-1 Consolidated Financial Results Net Revenue Net Fee Income Grew over 9% YoY, Breakdown Gains on Financial Assets or Liabilities Measured at FV and Foreign Exchange Gain Grew over 12% YoY One-off Gain Others NT $ million Gains on financial assets or liabilities measured at fair value / Foreign ex
Slide 17: Standalone Financial Results - O-Bank
02-2 Standalone Financial Results -O-Bank- 16
Slide 18: Standalone: Net Profit before Tax and Net Profit
02-2 Standalone Financial Results: O-Bank Net Profit before Tax from Bank Only Grew over 17% YoY, Share of Profit of Associates Subsidiaries Grew over 30% YoY Net Profit before Tax Net Profit NT $ million NT $ million One-off Gain One-off Gain Share of profit of associates subsidiaries Net Profit Ne
Slide 19: Standalone Net Profit Compositions by Business Unit
02-2 Standalone Financial Results: O-Bank Net Profit Compositions NT $ million (by Business Unit) 2024 FY 2,856 150 55 7 582 1,721 390 (49) O-Bank CBF IBT Holdings Venture Capital Infinite Finance*2 Sunshine Others *3 Standalone (holding Business Consumer Net Profit EverTrust Bank) (Inc. IBT VII Fin
Slide 20: Standalone Net Revenue Breakdown
02-2 Standalone Financial Results: O-Bank Net Revenue Net Interest Income, Net Fee Income and Gains on Breakdown Financial Assets or Liabilities Measured at FV and One-off Gain Foreign Exchange Gain all Grew over 10% YoY. Others NT $ million Share of profit of associates subsidiaries and accounted f
Slide 21: ROE & ROA, NIM & Spread
02-2 Standalone Financial Results: O-Bank ROE & ROA NIM & Spread ROE Spread ROE(excl. one-off gain) ROA NIM ROA(excl. one-off gain) NIM with FX Swap 13.59% 1.71% 1.69% 1.53% 1.59% 1.41% 1.17% 1.17% 1.08% 6.89% 5.64% 6.41% 0.84% 0.80% 5.12% 0.95% 3.33% 1.50% 0.81% 0.81% 0.74% 0.76% 0.60% 0.71% 0.57%
Slide 22: Cost/Income Ratio and EPS
02-2 Standalone Financial Results: O-Bank Excluding the One Off Gain Resulting from the Lease Merger Case in 2022, 2024 EPS Hit Record High Cost/Income EPS Ratio NT $ million NT $ Operating Expense Operating Expense(excl. one-off exp.) EPS Net Revenue Net Revenue(excl. one-off gain) excl. one-off ga
Slide 23: Loan & Deposit Balances
02-2 Standalone Financial Results: O-Bank Loan & Deposit Balances NT $ billion Note: Deposit balances included the time deposits placed by Chunghwa Post Co. 22
Slide 24: Deposit Breakdown and Composition of Depositors
02-2 Standalone Financial Results: O-Bank Retail and SME Deposits Continued to Increase, Helping to Facilitate Liquidity and Reduce Funding Cost Deposit Composition of Breakdown NT $ billion Depositors NT $ billion % of the total FCY Time FCY Demand deposits Financial Institution Large Corp. NTD Tim
Slide 25: Loan Breakdown by Product and Industry
02-2 Standalone Financial Results: O-Bank Loan Breakdown Loan Breakdown by Product NT $ billion by Industry Corporate Loans Personal Loans Mortgages 229 207 Mortgages, 7.45% 189 Manufacturing, Personal Loan, 14.54% 166 Construction 8.37% 159 engineering, 2.39% Others, 5.03% Real Estate, 189 Medical
Slide 26: Asset Quality
02-2 Standalone Financial Results: O-Bank Asset Quality Exceeded the Industry Average Level Asset Quality NT $ million NT $ million Loan Loss Reserve/NPL Loan Loss Reserve LLR Ratio(Loan Loss Reserve/Total Loans) NPL 1506.8% NPL Ratio 1087.0% 0.42% 0.41% 431.5% 0.35% 309.7% 353.6% 1.53% 0.09% 0.12%
Slide 27: Capital Adequacy
02-2 Standalone Financial Results: O-Bank Maintained a Stable Performance on Capital Adequacy Capital Adequacy CAR Tier I CET1 Ratio (CAR) 14.71% 14.49% 13.97% 13.63% 13.69% 12.67% 13.51% 12.72% 12.54% 12.19% 12.36% 11.46% 12.09% 12.11% 11.34% 2020 2021 2022 2023 2024 Note: Data as of year end, 2020
Slide 28: BV per share continued to grow
02-2 Standalone Financial Results: O-Bank BV per share continued to grow EPS/BVPS: NT $ Book Value Per Share P/B Ratio EPS EPS(excl. one-off gain) 0.75 0.7 0.67 0.67 0.59 14.05 13.30 12.45 12.02 11.75 1.8 1.00 0.87 0.69 0.63 0.41 2020 2021 2022 2023 2024 Note: Data as of year end, 2020-2024. 27
Slide 29: Individual Financial Results - China Bills Finance Corp.
02-3 Individual Financial Results -China Bills Finance Corp.- 28
Slide 30: China Bills Finance: Net Profit and Net Revenue
Individual Financial Results: 02-3 China Bills Finance Corp. Net Profit Net Revenue NT $ million NT $ million Others Net Fee Income Net Interest Income 1,858 2,847 1,578 YoY+6.66% YoY +10.87% 2,507 287 10.1% 1,374 194 2,239 7.7% 1,289 1,645 2,019 495 1,301 1,040 45.7% 463 22.1% 1,192 22.9% 47.6% 1,1
Slide 31: China Bills Finance: Assets, ROE, ROA & EPS
Individual Financial Results: 02-3 China Bills Finance Corp. Assets ROE, ROA & EPS ROE ROA NT $ billion Total Assets 7.28% Outsanding Balances of Guarantee 6.40% Growth Rate of Guarantee Balances 5.49% 5.48% 13.66% 10.50% 4.38% 7.08% 0.83% 4.79% 0.76% 0.60% 253 0.58% -9.21% 0.48% 229 218 222 208 202
Slide 32: China Bills Finance: NPL and CAR
Individual Financial Results: 02-3 China Bills Finance Corp. NPL & Reserve for CAR Guarantee Liabilities NT $ million 資本適足率(CAR) CAR (Total Capital) 第一類資本佔風險資產比率 Tier I Capital 13.74% 13.36% 13.19% 13.39% 12.80% 12.65% 13.12% 13.00% 12.39% 12.32% 2020 2021 2022 2023 2024 Note: Data as of year end, 2
Slide 33: Individual Financial Results - EverTrust Bank
02-4 Individual Financial Results -EverTrust Bank 32
Slide 34: EverTrust Bank: Net Profit and Net Revenue
02-4 Individual Financial Results: EverTrust Bank Net Profit Net Revenue USD million USD million Net Revenue Net Interest Income YoY+375.03% YoY-5.95% 19.8 36.3 33.1 34.1 32.5 32.6 35.3 32.4 32.9 29.9 30.3 12.3 11.6 9.5 4.2 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Note: The decline in net p
Slide 35: EverTrust Bank: Assets, Loans, Deposits, ROE, ROA & EPS
02-4 Individual Financial Results: EverTrust Bank Assets, Loans & ROE, ROA & EPS Deposits USD million ROE ROA Total Assets Loans 8.70% Deposits Growth Rate of Loans 7.60% 5.96% 3.37% 1.80% 5.47% 3.16% 4.86% -16.65% 1.87% 2.20% 1,000 995 0.99% 1.20% 1.28% 946 0.48% 871 839 757 775 2020 2021 2022 2023
Slide 36: EverTrust Bank: NPL Ratio, Coverage Ratio & CAR
02-4 Individual Financial Results: EverTrust Bank NPL Ratio & CAR Coverage Ratio Coverage Ratio 12974% 9852% 5505% 31.74% 29.03% 30.47% 29.24% 87% 459% 22.48% 2020 2021 2022 2023 2024 4.27% NPL Ratio 2020 2021 2022 2023 2024 0.01% 0.01% 0.03% 0.33% 2020 2021 2022 2023 2024 Note: Data as of year end,
Slide 37: Key Strategic Focuses
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Slide 38: "Boutique Digital Bank" Strategy
03 “Boutique Digital Bank” Strategy Keep Growing Light- Improve Asset- Capital Businesses Liability Structure Strengthen sales of low risk- • Mitigate the impact of Dig Deep weighted products to improve market volatility. return on capital. • Diversify funding sources. Keep Digging Strengthen Overal
Slide 39: "Boutique Digital Bank" Strategy
03 “Boutique Digital Bank” Strategy Keep Growing Light- ⚫ Strengthen the enterprise financial service platform, gain insight into customer needs, and provide solutions by combining low capital utilization products such Capital Businesses as TMU, accounts receivable, and trust. Strengthen sales of lo
Slide 40: "Boutique Digital Bank" Strategy
03 “Boutique Digital Bank” Strategy ⚫ The establishment of the Sydney representative office will help cultivate Accelerate Overseas customer relationships and gather business information, and will subsequently Expansion advance the upgrading to branch. Develop bases in Australia and ⚫ The venture ca
Slide 41: Strategic Investment Portfolio Business Overview
03 Strategic Investment Portfolio Business Overview Beijing Sunshine Consumer Finance (Investment under Equity Method) • Leveraging Everbright Group's customer resources, Beijing Sunshine risk control and digital skills, to prudently grow the Consumer Finance consumer finance markets in mainland Chi
Slide 42: ALL FOR YOU
ALL FOR YOU - wuo-banicom
Slide 43: Appendix: Financial Summary of O-Bank and Its Main Subsidiaries
04 Appendix: Financial Summary of O-Bank and Its Main Subsidiaries 42
Slide 44: O-Bank Financial Summary
O-Bank-Financial Summary (NT $ million) 4Q24 3Q24 2Q24 1Q24 2024 2023 YoY Income Statement Interest income 3,288 3,028 3,068 2,966 12,350 10,749 15% Interest expense (2,520) (2,360) (2,458) (2,366) (9,704) (8,444) 15% Net interest income 769 669 610 600 2,647 2,305 15% Fee income 158 203 247 447 1,0
Slide 45: CBF Financial Summary
CBF-Financial Summary (NT $ million) 4Q24 3Q24 2Q24 1Q24 2024 2023 YoY Income Statement Interest income 1,147 1,132 978 961 4,219 3,135 35% Interest expense (1,026) (1,046) (903) (880) (3,854) (2,890) 33% Net interest income 122 87 75 82 365 245 49% Fee income 327 357 323 372 1,379 1,311 5% Other in
Slide 46: ETB Financial Summary
ETB-Financial Summary (USD $ thousand) 4Q24 3Q24 2Q24 1Q24 2024 2023 YoY Income Statement Interest income 13,459 13,937 13,765 13,284 54,445 50,246 8% Interest expense (5,390) (5,378) (5,513) (5,259) (21,540) (14,899) 45% Net interest income 8,069 8,559 8,252 8,025 32,905 35,347 -7% Fee income 137 1