Tisco Financial Group Public Co. Ltd. · SET:TISCO

Tisco Financial Group Public — Q2 2011 Earnings Presentation

19 slides from Tisco Financial Group Public's earnings presentation, Jul 13, 2011

  1. Slide 1: Analyst Presentation 2Q/2011

    TISCO Financial Group Public Co., Ltd. Analyst Presentation 2Q/2011 13 July 2011 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

  2. Slide 2: Consolidated Income Statements

    Consolidated Income Statements Unit: Million Baht 2Q10 1Q11 2Q11 %QoQ %YoY 1H10 1H11 %YoY Interest income 2,292 2,712 3,010 11.0 31.4 4,498 5,722 27.2 Interest expense (584) (881) (1,135) 28.8 94.2 (1,156) (2,015) 74.3 Net interest income 1,707 1,831 1,875 2.4 9.9 3,342 3,707 10.9 Fee and service in

  3. Slide 3: Assets and Liabilities

    Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 1.4%QoQ 2.0%QoQ 15.8%YTD 17.4%YTD 195,674 198,421 183,760 180,143 171,408 156,550 Other assets Other Liabilities Debentures Interbank & MM 85% 88% 87% 83% 82% LT Borrowings Investments 79% Interbank & MM Loans Deposits &

  4. Slide 4: Loan Portfolio

    Loan Portfolio Total Loan Portfolio Unit: Million Baht 5.5%QoQ 16.9%YTD 174,979 165,897 149,731 7% 7% 6% 16% 15% 13% Other Loans SME Loans 74% 73% 75% Corporate Loans Retail Loans 2010 1Q11 2Q11 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht Unit: Million Baht 4.8%QoQ 2

  5. Slide 5: Retail Loan Portfolio

    Retail Loan Portfolio Retail Loan Portfolio Breakdown HP New Car, 75.7% Mortgage, 1.1% Auto Cash, 5.0% Top Up, 1.0% Motorcycle, 1.6% HP Used Car, 15.6% Auto Hire Purchase Loan Auto Cash Loan Top Up Loan Unit: Million Baht Unit: Million Baht Unit: Million Baht 4.1%QoQ 9.3%QoQ 94.0%QoQ 12.1%YTD 20.5%Y

  6. Slide 6: Industry Car Sales and Penetration Rate

    Industry Car Sales and Penetration Rate Industry New Car Sales Units 2007 2008 2009 2010 2011 100,000 80,000 60,000 40,000 20,000 Jan Feb Mar April May Jun Jul Aug Sep Oct Nov Dec TISCO Penetration Rate No. of New Car Sales ('000 Units) Penetration Rate (%) 800.4 12.6% 12.0% 12.1% 11.8% 12.3% 10.9%

  7. Slide 7: Loan Spread

    Loan Spread Loan Spread, Yield on Loans and Cost of Funds 7.1 7.1 7.0 7.0 7.0 7.0 6.9 6.7 6.7 6.8 6.7 6.6 6.5 % Yield on loans 5.1 5.1 5.1 4.8 4.9 4.8 4.8 4.7 4.5 % Loan spread 4.2 4.3 4.0 4.1 3.1 2.6 % Cost of funds 2.3 2.5 2.3 2.1 2.1 2.2 1.9 1.9 1.9 2.0 1.9 2009 2010 1H11 1Q09 2Q09 3Q09 4Q09 1Q10

  8. Slide 8: Asset Quality

    Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 2.5% 2.2% 2.1% 1.9% 1.8% 1.8% 1.6% 1.6% 2,807 2,654 2,633 2,636 2,646 2,654 2,835 2,579 2009 2010 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 2010 1Q11 2Q11 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Million Baht) (%) Corporate 536 2.

  9. Slide 9: Provisions

    Provisions Provision Expense and Credit Cost Provision expense (Million Baht) % Credit cost 1.8% 1.5% 1.7% 1.4% 1.4% 1.1% 1,947 0.9% 0.8% 1,554 604 607 420 352 328 315 2009 2010 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 Specific Provision vs Actual Provision Unit: Million Baht Specific Provision Actual Provisio

  10. Slide 10: Deposits

    Deposits Total Deposits & Bill of Exchanges Guaranteed & Non-guaranteed Deposits Unit: Million Baht 1.0% QoQ Unit: Million Baht 18.1% YTD 157,831 156,289 157,831 156,289 5% 4% 132,309 132,309 6% LT BEs 72% Non-guaranteed 78% 67% 74% 63% Deposits 57% ST BEs Fixed Deposits 14% Guaranteed Deposits 10%

  11. Slide 11: Non-Interest Income

    Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 21.8%YoY 0.3%QoQ IB, 0.9% 14.7%YoY Brokerage, Bancassurance, 15.9% 37.9% Banking Fee, 1,964 66.5% 1,612 HP Related, 983 980 23.5% 854 AM, 16.7% Other Banking, 5.1% 1H10 1H11 2Q10 1Q11 2Q11 U

  12. Slide 12: Asset Management Business

    Asset Management Business TISCO Asset under Management Unit: Million Baht 3.2%QoQ 140,859 0.5%YTD 137,015 136,296 Rank #7 31% 32% 29% 13% 12% 13% Private Fund Mutual Fund 56% 56% 59% Provident Fund 2010 1Q11 2Q11 Provident Fund Private Fund Mutual Fund Unit: Million Baht Unit: Million Baht Unit: Mil

  13. Slide 13: Brokerage Business

    Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 333,211 219,379 2.7% 2.7% 2.9% 2.8% 2.8% 2.6% 2.7% 2.9% 2.5% 167,623 108,053 101,738 94,069 73,554 60,023 63,398 2009 2010 1H11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 Remark: Market share excluded brokers’ p

  14. Slide 14: Operating Expenses

    Operating Expenses Cost to Income Ratio Cost Structure Others, 22.9% 45.5% 44.5% 46.4% 44.6% 43.6% Directors' Remuneration , 0.3% Employee's Taxes & Expenses, Duties, 4.2% 59.1% Premises & Equipments, 1H10 1H11 2Q10 1Q11 2Q11 13.6% Unit: Million Baht 2Q10 1Q11 2Q11 %QoQ %YoY 1H10 1H11 %YoY Employee’

  15. Slide 15: Capital Adequacy

    Capital Adequacy Capital Adequacy Ratio of TISCO Bank 17.0% 16.7% 16.6% 15.2% 15.2% 14.9% 14.8% 14.2% 13.5% 11.9% 11.7% 14.5% 12.3% 11.3% 10.8% 10.2% 11.6% 11.2% 17,751 17,795 Capital Base (Million Baht) 14,909 16,129 16,381 16,227 13,758 BIS Ratio (%) 10,386 10,837 Tier I (%) 2007 2008 2009* 1Q10 2

  16. Slide 16: Interest Rate Risk

    Interest Rate Risk Duration of Assets and Liabilities Unit: Years Assets Liabilities Duration Gap 1.62 1.61 1.58 1.57 1.50 1.54 1.52 1.35 1.01 1.00 0.94 0.97 0.90 0.77 0.81 0.86 0.84 0.67 0.71 0.67 0.62 0.55 0.64 0.34 2008 2009 1Q10 2Q10 3Q10 4Q10 1Q10 2Q10 16

  17. Slide 17: Employee and Branch Network

    Employee and Branch Network 2010 1Q11 2Q11 No. of Employee 3,055 3,095 3,195 TISCO Bank’s Branch 45 45 47 - Bangkok 22 22* 24 - Upcountry 23 23 23 TISCO Leasing’s Branch 4 6 6 - Bangkok - - - - Upcountry 4 6 6 Remark: * Closed down one bank branch in 1Q11 17

  18. Slide 18: Investor Relations

    Investor Relations TISCO Financial Group Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6868 Fax: +66-2-633-6855 Email: ir@tisco.co.th Website: www.tisco.co.th 18

  19. Slide 19: Historical Loan Spread (2006-2011)

    Historical Loan Spread (2006-2011) Loan Spread, Yield on Loans and Cost of Funds % Yield on loans % Cost of funds % Loan spread 7.9% 7.9% 7.8% 7.7% 7.5% 7.6% 7.5% 7.3% 7.4% 7.3% 7.3% 7.2% 7.1% 7.0% 7.0% 7.0% 7.0% 6.9% 6.8% 6.7% 6.6% 6.5% 5.2% 5.1% 4.9% 5.1% 5.1% 5.1% 4.9% 4.8% 4.7% 4.7% 4.4% 4.5% 4.

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