Bualuang Securities Public Company Limited · SET:TCAP01C2612A
Bualuang Securities Public — Q3 2006 Earnings Presentation
17 slides from Bualuang Securities Public's earnings presentation, Nov 2, 2006
Slide 1: Analyst Meeting 3Q2006
Analyst Meeting 3Q2006 November 2, 2006
Slide 2: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary This presentation contains financial information and other related information, which has been provided by the management of Bualuang Securities. Whilst all reasonable care has been taken to ensure
Slide 3: Securities Business Overview
Securities Business Overview • The total market turnover on the SET and the MAI in 3Q06 was Baht 808.29 billion, a significant decrease of Baht 213.76 billion or 20.9% from Baht 1,022.05 billion in 3Q2005. • The mix of SET’s market segments: 3Q2006 3Q2005 9M2006 9M2005 Foreign 32.7 % 29.5 % 33.5 % 2
Slide 4: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary 4
Slide 5: Broking Business
Broking Business Brokerage Trading Value (Bt. Billion) 300.0 267.3 250.0 4.6% 215.2 205.3 200.0 16.1% 150.0 100.0 68.0 8.2% 62.1 57.0 50.0 - 2005 3Q05 2Q06 3Q06 9M05 9M06 5
Slide 6: Broking Business
Broking Business Brokerage Market Share (%) 4.00 3.58 3.53 3.42 3.50 3.29 3.33 3.29 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2005 3Q05 2Q06 3Q06 9M05 9M06 6
Slide 7: Broking Business
Broking Business Institutional Investors Trading Value (Bt. Mil.) & Portion 70 ,000 62 ,391 60 ,000 50 ,000 % 5.3 11 39 ,133 40 ,000 % 30 ,000 66.8 28 ,977 11.2% 21 ,915 20 ,000 19 ,469 11 ,672 10 ,000 - 2005 3Q05 2Q06 3Q06 9M05 9M06 % Portion 14.6 17.2 35.3 34.2 13.5 30.4 7
Slide 8: Derivatives Business
Derivatives Business Derivatives Market Share (%) 12.00 10.91 10.00 9.46 9.12 8.00 6.00 5.24 3.86 4.00 2.00 0.00 May 06 Jun 06 Jul 06 Aug 06 Sep 06 8
Slide 9: Investment Banking
Investment Banking Investment Banking Revenue (Bt. Million) 90 83 80 70 60 56 54 28.8 50 % . 0% 4 8 19 38 40 30 14 21 46. 5 20 15 % 37 2 15 29 11 24 10 4 13 6 7 0 2005 3Q05 2Q06 3Q06 9M05 9M06 Financial Advisory Fee Underwriting Fee 9
Slide 10: Private Fund Management
Private Fund Management NAV (Bt. Million) 12 ,000 9,895 10 ,000 9,080 8,990 1,911 8,000 7,572 1,919 2,009 1,788 6,000 4,000 7,984 7,161 6,981 5,784 2,000 0 2005 9M05 1H06 9M06 Private Fund Provident Fund 10
Slide 11: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary 11
Slide 12: Performance
Performance Revenues Expenses & Net Profit (Bt. Million) 900 825 800 700 648 630 620 600 500 485 476 400 300 201 196 183 200 137 149 145 149 128 93 100 36 39 25 0 2005 3Q05 2Q06 3Q06 9M05 9M06 Revenues Expenses Net Profit 12
Slide 13: Performance
Performance Revenue Structure 900 800 6.7% 700 13.4% 0.0% 4.8% 600 8.8% 9.5% 11.5% 500 0.0% 1.0% 400 79.8% 85.7% 300 78.7% 5.5% 8.0% 200 11.1% 10.0% 13.7% 9.4% 0.0% 0.3% 3.2% 100 83.4% 78.0% 77.4% 0 2005 3Q 05 2Q 06 3Q 06 9M05 9M06 Brokerage Fees-Securities Brokerage Fees-Derivatives Fees & Services
Slide 14: Performance
Performance Expense Structure 700 1.2% 600 11.0% 500 0.8% 12.3% 15.4% 400 87.8% 300 86.9% 84.6% 200 0.7% 0.7% 6.9% 14.4% 18.8% 100 92.4% 84.8% 80.5% 0 2005 3Q05 2Q06 3Q06 9M05 9M06 Operating Expenses Fees & Services Expenses Other Expenses 14
Slide 15: Financial Status
Financial Status Financial Status (Bt. Million) 3 ,000 2 ,500 2 ,000 1 ,108 889 2 ,200 1 ,500 2 ,708 1 ,099 2 ,317 1 ,000 2 ,136 1 ,624 1 ,210 1 ,247 500 508 525 0 2003 2004 2005 30 Sep06 Assets Liabilities Shareholders’ Equities 15
Slide 16: Agenda
Agenda I. Securities Business Overview II. Operating Results III.Financial Updates IV.Outlook Summary 16
Slide 17: Outlook Summary for FY2006
Outlook Summary for FY2006 1. Outlook for Broking • Target to achieve 4% in Q4 with average of 3.6% for year 2006. • Start Introducing Agent scheme with BBL • Leverage on stronger research base to serve our investors especially institutional investors. 2. Outlook for Investment Banking • 2 primary m
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