Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q1 2025 Earnings Presentation
33 slides from Tisco Financial Group Public's earnings presentation, 2025
Slide 1: TISCO Financial Group Performance Result for First Quarter of 2025
TISCO Financial Group Public Co., Ltd. Performance Result for the First Quarter of 2025 Reviewed Financial Statement 1Q2025
Slide 2: TISCO Overview
TISCO TISCO Overview
Slide 3: Company Profile
Company Profile TISCO Timelines 1969 1973 1975 1996 2005 2008 2009 2014 2017 2018 2020 2023 Founded by First to One of the First to offer Upgraded to Restructured Acquired Expanded Transferred Completed the Co-Brand Expanded Bankers Trust of introduce founding securitization full-service into a hold
Slide 4: TISCO Group Structure
TISCO Group Structure TISCO | Investor Relations 4
Slide 5: TISCO Businesses
TISCO Businesses Retail Banking • Auto & Motorcycle Hire Purchase • Title Loan • Mortgage Loan • SME & Inventory Financing • Life & Non-Life Insurance Corporate Banking • Corporate Lending & Financial Advisory • Investment Banking • Corporate Insurance Wealth & Asset Management • Deposit Service • W
Slide 6: Consolidated Loan Portfolio
Consolidated Loan Portfolio Unit: Million Baht Thailand’s First Car Acquired Retail Buyer Scheme Banking Business from SCBT Sale of Personal Loan & Credit Card to Citibank Covid-19 Outbreak Took over Primus & GMAC Started SME Division Upgraded to Commercial Bank Growth 14.7% 16.7% 15.8% 19.3% 9.8% 3
Slide 7: Profitability
Profitability Profitability for the past decade Unit: Million Baht Growth 16.0% 45.3% 13.1% 13.4% 14.7% 0.0% 0.0% 17.8% 21.7% 15.2% 3.6% (16.6%) 11.9% 6.5% 1.1% (5.5%) (5.2%) YoY 3MYoY TISCO | Investor Relations 7
Slide 8: Business Profile as of 3M2025
Business Profile as of 3M2025 Loan Profile Revenue Mix TISCO | Investor Relations 8
Slide 9: Share Capital Information & Dividend
Share Capital Information & Dividend Total Shares 800,655,483 Ordinary Shares 800,645,624 Preferred Shares 9,859 No. of Shareholders (as of 11 March 2025) 92,521 Foreign Shareholders 151 Local Shareholders 92,370 Shareholders by type (as of 11 March 2025) Institutional 49.6% Individual 50.4% Foreign
Slide 10: ESG in Core Business Activities
ESG in Core Business Activities As a responsible financial institution, we place sustainability at the center of our core business activities to deliver our purpose of integrity, fairness, and transparency that create sustainable value for our customers, shareholders, people and society. Environment
Slide 11: Credit rating upgrade of TISCO and TISCO Bank
Credit rating upgrade of TISCO and TISCO Bank TRIS Rating (“TRIS”) upgraded the company rating of TISCO Bank and TISCO by +1 notch from "A" and "A-" to "A+" and "A" with a stable outlook. TRIS also assigned a rating of “A-” to the proposed issue of TISCO Bank subordinated debenture amounting up to 1
Slide 12: Recognitions and Awards
Recognitions and Awards Business Aspect Customer Aspect Social & Environmental Corporate Governance TISCO | Investor Relations 12
Slide 13: Financial Results
TISCO Financial Results
Slide 14: 1Q2025 Performance Summary
1Q2025 Performance Summary QoQ YoY Loan Growth Loan portfolio contracted by 0.4% (YTD) mainly caused by a continued decline in domestic car sale, leading to a slowdown in HP new car loans and SMEs. Net Interest Income Net interest income decreased QoQ and YoY following loan contraction, the policy r
Slide 15: Net profit decreased due to lower net interest income and higher ECL expense
Net profit decreased due to decreasing net interest income and higher ECL expense Consolidated Income Statements Unit : Million Baht 1Q24 4Q24 1Q25 % QoQ % YoY Interest Income 4,774 4,746 4,589 (3.3) (3.9) Interest Expenses (1,378) (1,345) (1,261) (6.3) (8.5) Net Interest Income 3,395 3,402 3,328 (2
Slide 16: Well-managed balance sheet to reflect the economic situations
Well-managed balance sheet to reflect the economic situations Assets Liabilities Unit: Million Baht Unit: Million Baht +0.1% -0.6% QoQ QoQ Unit : Million Baht 2023 2024 1Q25 % QoQ Unit : Million Baht 2023 2024 1Q25 % QoQ Loans 234,815 232,200 231,190 (0.4) Deposits & Borrowings 220,891 211,973 210,4
Slide 17: Loan contraction caused by weak auto market and cautious lending
Loan contraction caused by weak auto market and cautious lending policy amid slow economic growth Loan Portfolios Unit: Million Baht -0.4% Retail Loans QoQ -0.7% QoQ Corporate Loans +1.3% QoQ Loans by sectors SME Loans -5.4% QoQ TISCO Financial Group | Analyst Meeting 17
Slide 18: Weak industry car sale continued to pressure HP new car
Weak industry car sale continued to pressure HP new car, whereas Auto Cash new underwriting was more cautious and selective Composition of Retail Loans Unit: Million Baht HP New Car HP Used Car HP Auto Cash Housing Loan Other Retail Motorcycle Loans -1.8% QoQ +1.5% QoQ -0.8% QoQ -3.4% QoQ +4.9% QoQ
Slide 19: Despite Auto Cash loan contraction, Somwang growth was driven by branch efficiency
Despite Auto Cash loan contraction, Somwang growth was driven through increasing existing branch efficiency Auto Cash Loans Unit: Million Baht Auto Cash -0.8% QoQ Somwang +2.8% QoQ Loan Generated through Somwang channel Somwang Branches TISCO Financial Group | Analyst Meeting 19
Slide 20: This year domestic car sale has not yet recovered
This year domestic car sale has not yet recovered amid concerns on credit quality and weak economy Industry New Car Sale TISCO’s Auto HP Penetration Rate TISCO Financial Group | Analyst Meeting 20
Slide 21: Yield on loans dropped following BOT's rate cut
Yield on loans dropped following BOT’s rate cut and “You Fight, We Help” interest reduction, while cost of funds repriced gradually Change Change YoY QoQ Yield on Loans +26 bps -11 bps Loan Spread -23 bps +1 bps NIM -10 bps -5 bps Cost of Funds +49 bps -12 bps Unit: Million Baht 2022 2023 2024 4Q24
Slide 22: NPLs increased but remained within controllable range
NPLs increased from high-yield portfolio expansion and slow economic recovery, however remained within controllable range Loan Classification Non-Performing Loans Unit: Million Baht Unit: Million Baht NPLs Stage 2 Stage 1 NPLs by Loan Types Mortgage Auto Cash Hire Purchase SME Other Retail Corporate
Slide 23: ECL expense increased gradually reflecting cautious underwriting
ECL expense increased gradually reflecting cautious underwriting strategy and controllable asset quality Expected Credit Loss Unit: Million Baht Allowance for ECL Unit: Million Baht Coverage Ratio Expected Credit Loss (ECL) TISCO Financial Group | Analyst Meeting 23
Slide 24: Efficiently managed funding base to align with loan contraction
Efficiently managed funding base to align with loan portfolio contraction Total Funding Unit: Million Baht -0.7% QoQ Unit : Million Baht 2023 2024 1Q25 % QoQ Current 1,529 1,793 1,628 (9.2) Savings 28,988 26,923 27,172 0.9 Fixed Deposits 178,128 177,821 177,620 (0.1) Short-Term Bill of Exchanges 36
Slide 25: Banking fee remained subdued while asset management improved
Banking fee remained subdued due to a slowdown in auto market, whereas asset management business continued to improve Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Unit: Million Baht Data as of 3M2025 -4.7% +2.4% QoQ YoY Unit : Million Baht 1Q24 4Q24 1Q2
Slide 26: AUMs declined following volatile capital market
AUMs declined following volatile capital market, however AM fee improved from new mutual fund issuances. Assets Under Management Unit: Million Baht Rank # 1 -1.9% Provident Fund QoQ -1.7% QoQ Rank #13 Mutual Fund -0.4% QoQ Rank #9 Rank #7 Private Fund -4.6% QoQ TISCO Financial Group | Analyst Meetin
Slide 27: TISCO's trading volume increased thanks to improved market share
TISCO’s trading volume increased despite lower market trading volume thanks to an improvement in market share TISCO Trading Volume & Market Share Unit: Million Baht Trading Volume by Customers TISCO Financial Group | Analyst Meeting 27
Slide 28: OPEX was efficiently controlled amidst slow economic growth
OPEX was efficiently controlled amidst slow economic growth Operating Expenses Cost to Income Ratio Unit: Million Baht -4.4% -0.9% QoQ YoY Unit : Million Baht 1Q24 4Q24 1Q25 % QoQ % YoY Empl oyee Expens es 1,537 1,553 1,530 (1.5) (0.4) Premi s es & Equi pment Expens es 207 198 215 8.9 3.7 IT Expens
Slide 29: Maintained solid capital level and exceeded BOT's requirement
Maintained solid capital level and exceeded BOT’s requirement Capital Base of TISCO Bank Unit: Million Baht Capital Adequacy Ratio BIS Ratio Tier I Ratio Min. Required by BOT 11.0% BIS Ratio 8.5% Tier I Ratio TISCO Financial Group | Analyst Meeting 29
Slide 30: No new Somwang branch opening, focus on branch efficiency
No new Somwang branch opening but focusing more on increasing existing branch efficiency Total Employees Total Branch Network Somwang Loan Offices Bank Branches TISCO Financial Group | Analyst Meeting 30
Slide 31: "You Fight, We Help" Debt Restructuring Program
“You Fight, We Help” Debt Restructuring Program Registration Timeline: 12 December 2024 – 30 April 2025 Criteria Amount Program offerings: Housing Loans < 5,000,000 Baht ▪ Interest rate suspension for 3 years Car HP & Car Title Loans < 800,000 Baht Source of Fund ▪ Installment reduction by Motorcycl
Slide 32: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/49 TISCO Tower, North Satorn Road, Silom, Bangrak, Bangkok, 10500, Thailand +(66) 2633 6868 ir@tisco.co.th www.tisco.co.th Disclaimer This presentation material may contain forward-looking statements. These forward-looking statements
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