Ssi Securities Corp. · HOSE:SSI
Ssi Securities — Shareholder Meeting (April 2019)
43 slides from Ssi Securities's shareholder meeting presentation, Apr 25, 2019
Slide 1: 2019 Annual General Shareholders' Meeting
SECURITIES SERVICES ASSET MANAGEMENT INVESTMENT BANKING TREASURY PRINCIPAL INVES’ 2019 ANNUAL GENERAL SHAREMOLDERS' MEETING SHAREMOLDERS” MEETING ‘SHAREHOLDERS MEETING SHAREMOLDERS” MEETING SHAREHOLDERS’ MEETING 2019 ANNUAL GENERAL 2019 ANNUAL GENERAL 2019 ANNUAL GENERAL 2019 ANNUAL GENERAL SHAREHOL
Slide 2: Agenda
AGENDA 1. Report on the Company’s performance in 2018 & 2019 business plan 2. Reports of the Board of Directors and the Supervisory Board 3. Approval on audited financial statements of 2018 4. 2018 profit distribution 5. Remuneration for the Board of Directors and the Supervisory Board for the year
Slide 3: 2018 Performance Report & 2019 Business Plan
2018 PERFORMANCE REPORT & 2019 BUSINESS PLAN Mr. Nguyen Hong Nam – Member of BOD/ Deputy CEO April 2019
Slide 4: Content
CONTENT 2018 MACRO 2018 BUSINESS 2019 MARCO 2019 BUSINESS ECONOMY & PERFORMANCE OUTLOOK & PLAN STOCK MARKET STOCK MARKET 4
Slide 5: Content
CONTENT 2018 MACRO 2018 BUSINESS 2019 MARCO 2019 BUSINESS ECONOMY & PERFORMANCE OUTLOOK & PLAN STOCK MARKET STOCK MARKET 5
Slide 6: 2018 Macro Review
2018 MACRO REVIEW Beat all estimates Vietnam GDP Growth 2000 - 2018 Import – Export Growth & Trade Balance Source: Vietnam Customs, GSO, SSI Research 6
Slide 7: Stock Market
STOCK MARKET VND billion Source: Bloomberg
Slide 8: Content
CONTENT 2018 MACRO 2018 BUSINESS 2019 MARCO 2019 BUSINESS ECONOMY & PERFORMANCE OUTLOOK & PLAN STOCK MARKET STOCK MARKET
Slide 9: Overview
OVERVIEW SSI SECURITIES CORPORATION Charter Capital VND 5,100.64 billion Market Cap VND 13,300 billion (*) 1,026 employees at 14 Branches/ Transaction Offices (*) as of 30/03/2019 9
Slide 10: 2018 Business Results
2018 BUSINESS RESULTS Total Asset reached US $1 billion VND bn 10
Slide 11: 2018 Business Results
2018 BUSINESS RESULTS Stable Revenue & Profit Growth VND bn Revenue – Profit growth 2018 Consolidated Revenue structure 11
Slide 12: Securities Services
SECURITIES SERVICES Affirm No.1 position in the market Brokerage market share (HNX & HOSE) Total Account growth 12
Slide 13: Securities Services
SECURITIES SERVICES Significant Growth in Revenue & Profit VND bn 13
Slide 14: Treasury
TREASURY VND bn ▪ Treasury continued to grow stably ▪ Liquidity safety is always a secured top priority ▪ Optimize investment opportunities through derivative and structured trading products Revenue from Treasury 14
Slide 15: Investment Banking
INVESTMENT BANKING Major Deals VinHomes (VHM) Tienphong Commercial JS Bank (TPB) Deal size: USD 1.35 bil Deal size: USD 94 mil Secondary offering & Private placement & listing listing Binh Minh Plastic Hau Giang Pharmaceutical The PAN Group (BMP) JSC (DHG) (PAN) Deal size: USD 103 mil Deal size: USD
Slide 16: Investment Banking
INVESTMENT BANKING VND bn Revenue from Investment Banking 16
Slide 17: Asset Management
ASSET MANAGEMENT ▪ Further diversification of investment product distribution channels ▪ Successful deployment of SSIAM On The Go (SSIAM VND 5,573 OTG) trading platform billion ▪ Frequency of trading SSIBF and SSI SCA fund certificates was increased to daily ▪ Total asset under management was VND 5,
Slide 18: Principal Investment
PRINCIPAL INVESTMENT ▪ Total Investment: VND3,514 billion (market price as of 31/12/2018) ▪ Successful divestments from some investments resulted in expected profits ▪ Minimize risks of active portfolio in case of market declined 18
Slide 19: Awards
a | 005 Poe | ONEY _ Asianinvestor | AWARDS — i _———
Slide 20: Content
CONTENT 2018 MACRO 2018 BUSINESS 2019 MARCO 2019 BUSINESS ECONOMY & PERFORMANCE OUTLOOK & PLAN STOCK MARKET STOCK MARKET 20
Slide 21: 2019 Outlook
2019 OUTLOOK 2017 Actual 2018 Actual 2019 Target Real GDP growth 6.81% 7.08% 6.6-6.8% CPI (average) 3.53% 3.54% <4% Budget deficit 3.49% GDP 3.6% GDP 3.6% GDP Export growth 21.2% 13% 7-8% Retail sale growth (Norminal) 11% 11.7% 10.5% International tourist arrival 13 mil pax 15.5 mil pax 17 mil pax F
Slide 22: 2019 Outlook
2019 OUTLOOK ▪ Monetary policy could see a slight dovish-tinged tightening (2019 credit growth cap at 14%) ▪ Fiscal policy continues to be accommodative to allow growth ▪ SSI expects IPO & equitization will accelerate in 2019 – 2020 60% 50% 40% 30% 20% 10% 0% 2008 2019F 2001 2002 2003 2004 2005 2006
Slide 23: Stock Market
STOCK MARKET ▪ Profit of listed companies might increase by 13.3% in 2019 ▪ Privatization remains a strong catalyst for the market as it benefits not only the macro side (capital inflow leading to strong currency) but also the stock market as well as corporate governance improvement ▪ Stock market r
Slide 24: Content
CONTENT 2018 MACRO 2018 BUSINESS 2019 MARCO 2019 BUSINESS ECONOMY & PERFORMANCE OUTLOOK & PLAN STOCK MARKET STOCK MARKET 24
Slide 25: 2019 Business Plan
2019 BUSINESS PLAN Item VND Bn Consolidated revenue 3,775 Profit before tax 1,700.7 25
Slide 26: 2019 Action Plan
2019 ACTION PLAN ▪ Customer is our focus, diversify product offering to successfully tailor for all customer segments Retail ▪ Product’s quality and diversification are determining factors for success Brokerage ▪ Develop retail distribution, focus on recruitment process and training activities ▪ Pro
Slide 27: 2019 Action Plan
2019 ACTION PLAN ▪ Maintain company’s capital growth, diversify capital sources at low cost Treasury ▪ Develop new products ▪ Select a dynamic investment strategy with flexible portfolio adapted to market situation Principal ▪ Divest from mature projects gaining expected profit and non-strategic inv
Slide 28: Report of the Board of Directors
REPORT OF THE BOARD OF DIRECTORS Mr. Ngo Van Diem – Member of BOD April 2019
Slide 29: Report of the Supervisory Board
REPORT OF THE SUPERVISORY BOARD Mr. Nguyen Van Khai – Head of Supervisory Board April 2019
Slide 30: Submission for Approval
SUBMISSION FOR APPROVAL April 2019
Slide 31: Submission for Approval on Audited Financial Statement of 2018
SUBMISSION FOR THE APPROVAL ON AUDITED FINANCIAL STATEMENT OF 2018 The BOD hereby submits to the General Shareholders’ Meeting for approval on the financial statements of the year of 2018: 1. Independent auditor’s report 2. Statement of financial position as at 31st December 2018 3. Income statement
Slide 32: Submission for Approval on Audited Financial Statements of 2018
SUBMISSION FOR THE APPROVAL ON AUDITED FINANCIAL STATEMENTS OF 2018 Key Items CONSOLIDATED SEPARATE No. KEY ITEMS UNIT FINANCIAL STATEMENTS FINANCIAL STATEMENTS 1 Total assets VND 23,825,626,725,361 23,467,662,012,724 2 Net revenue VND 3,938,662,332,650 4,001,690,018,021 3 Profit before tax VND 1,62
Slide 33: Submission for Approval on Profit Distribution of 2018
SUBMISSION FOR THE APPROVAL ON PROFIT DISTRIBUTION OF 2018 The BOD hereby submits to the General Shareholders’ Meeting for approval on 2018 profit distribution: ➢ Total proposed distributable profit 731,901,814,695 VND In which: ▪ Additional chartered capital reserve (5% on profit after tax) 65,246,
Slide 34: Submission for Approval on Remuneration for the BOD and SB 2019
SUBMISSION FOR THE APPROVAL ON REMUNERATION FOR THE BOD AND SB 2019 The BOD hereby submits to the General Shareholders’ Meeting for approval: ➢ The remuneration for 06 members of the BOD and 3 members of the SB is not exceed VND 3 billion for the fiscal year 2019 ➢ This remuneration shall be allocat
Slide 35: Submission on Choosing Independent Auditing Company for 2019
SUBMISSION FOR THE APPROVAL ON CHOOSING INDEPENDENT AUDITING COMPANY FOR 2019 The BOD hereby submits to the General Shareholders’ Meeting for approval: ➢ List of auditing companies consist of: ▪ Ernst & Young Vietnam Co., Ltd (E&Y) ▪ KPMG Vietnam Co., Ltd. ▪ PricewaterhouseCoopers Việt Nam (PwC) ➢ A
Slide 36: Submission on Plurality of Chairman and CEO for 2019
SUBMISSION FOR THE APPROVAL ON PLURALITY OF CHAIRMAN AND CEO FOR THE YEAR 2019 The BOD hereby submits to the General Shareholders’ Meeting for approval for this plurality of the Chairman and CEO for the year 2019. 36
Slide 37: Submission for Approval on the Issuance of ESOP
SUBMISSION FOR THE APPROVAL ON THE ISSUANCE OF ESOP Name of share: SSI Securities Corporation shares Type of share: Ordinary shares Face value: VND 10,000 Eligible buyer: Members of the BoD, SB, key personnel of SSI and subsidiaries Amount of shares: Maximum 10,000,000 (ten million) shares Price: Pa
Slide 38: Submission for Election Members of the BOD
SUBMISSION FOR ELECTION MEMBERS OF THE BOD The BOD hereby submits to the General Shareholders’ Meeting for approval: ➢ Additional election of 02 (two) members of the BOD from the enclosed candidate list ➢ The term of the member of the elected BOD is 05 (five) years from 25 April 2019. 38
Slide 39: Candidates
CANDIDATES Mr. NGUYEN HONG NAM Year of birth: 1967 Qualification: Master of Science Current Position: Member of BOD cum Deputy CEO - SSI Securities Corporation (SSI – HOSE) Mr. PHAM VIET MUON Year of birth: 1954 Qualification: PhD in Economics Current Position: Member of the BOD – The PAN Group JSC.
Slide 40: Discussion & Voting on the Presented Issues
DISCUSSION & VOTING ON THE PRESENTED ISSUES April 2019
Slide 41: Declaration of Voting Results
DECLARATION OF VOTING RESULTS April 2019
Slide 42: Approval on the Meeting Minutes & Resolutions
APPROVAL ON THE MEETING MINUTES & RESOLUTIONS April 2019
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