Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q1 2007 Earnings Presentation
12 slides from Tisco Financial Group Public's earnings presentation, Apr 23, 2007
Slide 1: Analyst Meeting 1Q07
Analyst Meeting 1Q07 23 April 2007 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 forward looking statements
Slide 2: 1Q07 Financial Highlights
1Q07 Financial Highlights (Million Baht) 2005 2006 1Q07 1Q06 %YOY 4Q06 %QOQ Major drivers: • HP loan growth of Interest income 4,567 5,705 1,686 1,344 25.5 1,498 12.5 8.2% YTD despite Interest expense (1,464) (2,899) (929) (551) 68.7 (849) 9.4 slowdown auto car sale Net interest income 3,103 2,806 7
Slide 3: Revenue Structure
Revenue Structure Interbank & MM - Banking Fee net 16% Wholesales Loans - 4% net 9% Brokerage Fee 10% Investment Banking 0% Proprietary Trading Retail Loans - net Asset 10% 45% Management Fee 6% NII : Fee Income was 60% : 40% 3
Slide 4: Non Interest Income
Non Interest Income Breakdown (Million Baht) 2006 1Q07 1Q06 % YoY 4Q06 % QoQ (%) Brokerage Fee 649 120 191 (37.4) 170 (29.7) 23.9 Asset Management Fee 295 77 78 (1.1) 79 (1.9) 15.4 Investment Banking Fee 9 5 1 270.4 1 529.7 0.9 Banking Business 786 200 182 9.9 195 2.3 40.0 SAM 28 0 28 (100.0) 0 0.0
Slide 5: Operating Expenses
Operating Expenses Breakdown (Million Baht) 2006 1Q07 1Q06 %YoY 4Q06 %QoQ (%) Personnel expenses 1,216 301 334 (10.0) 408 (26.3) 44.7 Premises and equipment expenses 452 112 107 5.1 120 (6.1) 16.9 Taxes and duties 102 33 18 82.3 34 (2.6) 4.9 Fees and service expenses 728 70 135 (48.7) 244 (71.5) 10.
Slide 6: Loans & Deposits
Loans & Deposits Asset Mix Liabilities Mix 84,781 105,091 72,099 92,069 100% 100% 3% 90% 17% 80% 80% Other assets 70% 60% Interbank & MM 64% 56% & Repo 60% Other Liabilities 50% Investment 92% 89% L-T Borrowings 40% Other Retail 40% Interbank 30% Loans Hire Purchase Deposits* 20% 20% 10% Corporate L
Slide 7: Coverage Ratio & NPL
Coverage Ratio & NPL NPL By Industry 2006 %NPL 1Q07 %NPL (Million Baht) Corporate 1,250 8.6 1,330 9.2 Retail-Hire Purchase 998 1.8 1,051 1.8 Retail-Housing 263 13.1 251 12.6 Other NPL 938 20.9 942 19.0 TOTAL NPL 3,449 4.6 3,574 4.5 Coverage Ratio (%) 81.0 78.6 NPLs & Allowance (Million Baht) 2,794 2
Slide 8: Interest Rate Risk
Interest Rate Risk Current Profile 1.40 1.30 1.18 1.20 • Duration gap narrowed to 0.67 year primarily resulted from the expansion of 1.00 deposits and local borrowings. 0.80 • Assets duration decreased as the expansion of long-term hire purchase 0.60 0.51 loans is offset by increase in short-term 0.
Slide 9: Hire Purchase Business
Hire Purchase Business Industry New Car Sales & TISCO Penetration Rate 1Q07 Hire Purchase Breakdown (Thousand Units) 18.1% 703 682 Subsidiaries Motorcycle 12.7% 2% 5% Head Office 10.1% 36% 9.1% 7.7% 7.0% 5.4% Bank 193 Branches 170 165 154 57% 82 2005 2006 1Q06 2Q06 3Q06 4Q06 Jan- Feb07 Total Car Sal
Slide 10: Brokerage Business
Brokerage Business (Million Baht) Average Daily Turnover* (Million Baht) Brokerage Value & Market Share 20,916 Market 255,847 240,503 16,454 16,281 (27.5)%YTD 3.3% 11,800 1,053 1,168 TISCO 982 3.2% 2.8% 786 (25.4)%YTD 3.0% 73,591 48,749 2005 2006 1Q06 1Q07 2005 2006 1Q06 1Q07 TISCO turnover Market t
Slide 11: Asset Management Business
Asset Management Business (Billion Baht) (Billion Baht) Asset Under Management Market NAV 1,574 1,630 88.9 Total 82.1 84.7 1,500 1,260 80 9% 9% 5.0% YTD 13% 29% 29% 60 25% Private Fund 1,000 66% 67% 61% 4.9% YTD 40 500 11% 9% 9% 62% 62% 62% Provident Fund 20 25% 24% 4.2% YTD 0 28% 0 2005 2006 Feb 20
Slide 12: Investor Relations
Investor Relations TISCO Bank Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Tel. +66-2-633-6868 Fax. +66-2-633-6818 Email: IR@tisco.co.th Website: www.tisco.co.th 12
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