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

Tisco Financial Group Public — Q2 2009 Earnings Presentation

21 slides from Tisco Financial Group Public's earnings presentation, 2009

  1. Slide 1: TISCO Financial Group Analyst Meeting 2Q/2009

    TISCO Financial Group Public Co., Ltd. Analyst Meeting 2Q/2009 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

  2. Slide 2: Agenda

    Agenda I. Operational Updates II. Financial Performance 2Q09 2

  3. Slide 3: New Products and Services

    New Products and Services - TISCO’s Subordinated Debenture, 2 billion Baht - TISCO Auto Cash (Refinance & Loan Against Auto License - LAAL) - Acquiring GMAC’s Hire Purchase Portfolio - TISCO Special Plus Fund #11, #12 - TISCO Gold Fund - TISCO Special Australia Bond Fund - TISCO Korea Fixed Income F

  4. Slide 4: Employee & New Branches

    Employee & New Branches 2Q08 4Q08 1Q09 2Q09 No. of Employee 2,518 2,662 2,794 2,815 No. of Branch 28 34 36 38 - Bangkok * 9 12 14 16 - Upcountry 19 22 22 22 * Including Head Office branch New Branch #36 - New Branch #37 - “Yaowarat” “Homework Ratchaphruek ” 4

  5. Slide 5: Agenda

    Agenda I. Operational Updates II. Financial Performance 2Q09 5

  6. Slide 6: Balance Sheet Overview

    Balance Sheet Overview Assets Mix Liabilities Mix 3.3%YTD 3.8%YTD 18.6%YoY 20.7%YoY 98,953 126,173 109,877 130,324 86,580 114,637 98,565 118,994 Other assets Other Liabilities Interbank & MM LT Borrowings Investment 89% Other Retail Loans 79% 86% 87% Interbank 67.3% 61.3% 64.7% 62.4% Hire Purchase D

  7. Slide 7: Loan Portfolio

    Loan Portfolio Loan Portfolio Loan Breakdown by Industry Unit: Million Baht 20.6%YoY Manufacturing Others & commerce 114,865 11.4%YTD 5% Real estate & 110,688 10% 103,110 Housing construction 95,268 86,420 1% 8% Public utilities & services 74.6% 74.5% Other Loans 73.5% 3% 75.0% 74.8% Hire Purchase A

  8. Slide 8: Hire Purchase Business

    Hire Purchase Business Industry New Car Sales & TISCO Penetration Rate TISCO New Business Car Hire Purchase Total Car Sales Penetration Rate Market Growth Amount (million Baht) No. of Cars (units) New Car Sales (Thousand units) 30% YoY 5% YoY 631 615 90,290 13.4% 82,793 9.4% 10.2% 10.0% 41,449 37,01

  9. Slide 9: Deposits and ST Borrowings

    Deposits and ST Borrowings Deposits & ST Borrowings Breakdown Unit: Million Baht 21.1%YoY 100,591 103,153 2.5%YTD 11.5% 85,173 23.6% 6.7% 68,459 6.2% 47.0% 36.4% 36.4% Current & Savings 46.0% Fixed Deposits 47.8% 41.5% 56.9% 39.9% ST Borrowings 2007 2008 1H08 1H09 Unit: Million Baht 2008 1H08 1H09 %

  10. Slide 10: Asset Management Business

    Asset Management Business TISCO Asset Under Management Unit: Billion Baht 0.2%YTD Rank #8 107.7 107.0 107.2 14% 14% 93.6 15% 28% 22% 16% Mutual Fund 27% 22% Private Fund 58% 64% 62% 58% Provident Fund 2007 2008 1Q09 2Q09 Market Share & Ranking by Fund Type Provident Fund 8.9%YTD Private Fund 21.9%YT

  11. Slide 11: Brokerage Business

    Brokerage Business Average Daily Trading Volume Unit: Million Baht 19,959 21,318 19,385 17,097 18,846 15,944 14,829 12,212 12,612 Market 8,653 1,048 1,104 1,100 861 979 845 760 754 669 TISCO 424 2007 2008 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 1H08 1H09 TISCO - Brokerage Value & Market Share 3.0% 3.0% 2.6% 2

  12. Slide 12: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 2Q08 1Q09 2Q09 %QoQ %YoY 1H08 1H09 %YoY Interest income 1,878 2,075 2,108 1.6 12.2 3,682 4,183 13.6 Interest expense (798) (830) (624) (24.8) (21.8) (1,558) (1,454) (6.7) Net interest income 1,080 1,245 1,484 19.2 37.4 2,124 2,729 28.5 Non-interest i

  13. Slide 13: Interest and Dividend Income

    Interest and Dividend Income Interest Income Performance Interest Income Breakdown Unit: Million Baht 4,183 Investment 3,682 Interbank & 8% MM 638 Investment 2% 542 2,075 2,108 Interbank & MM Loans 1,878 15% 317 321 273 2,794 3,138 Loans HP & Finance 1,413 1,556 1,583 HP & Finance 75% 2Q08 1Q09 2Q09

  14. Slide 14: Non-Interest Income

    Non-Interest Income Non-Interest Income Non-Interest Income Breakdown Unit: Million Baht 1,295 1,245 Trading IB, 3% Trading income income, 226 0% Brokerage 296 IB fee , 22% Banc 718 308 729 assurance 247 Brokerage fee 528 Banking, , 21% 159 161 67 AM fee 47% 109 199 AM, 28% Others, 131 685 588 Banki

  15. Slide 15: Cost Structure

    Cost Structure Operating Expenses Structure Cost to Income Ratio Unit: Million Baht 1,962 1,641 Other expenses Directors' remuneration 51.4% 49.7% 51.0% 1,123 47.4% 18% Fees & service exp 46.5% 18% 860 839 Taxes & duties 16% 17% 20% Premises & equip exp 53% 49% 54% 49% 49% Personnel expenses 2Q08 1Q

  16. Slide 16: Spread and Net Interest Margins

    Spread and Net Interest Margins % Loan Spread and Net Interest Margin 4.4 4.9 3.8 4.2 4.0 4.2 4.7 3.6 4.6 3.8 3.5 Loan spread 4.0 3.9 4.0 3.5 3.7 3.7 3.4 NIM 2007 2008 1H09 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 % Yield on Loans and Cost of Funds 7.6 7.3 7.3 7.1 7.3 7.3 7.2 7.2 7.0 4.1 3.7 Yield on loan 3.6

  17. Slide 17: Assets Quality

    Assets Quality NPL and NPL Ratio (%) Coverage Ratio Unit: Million Baht Total NPL % NPL 4.3% 74.8% 2.9% 2.8% 2.90% 62.2% 61.0% 3,751 60.6% 2,984 3,037 3,196 2007 2008 1Q09 2Q09 2007 2008 1Q09 2Q09 NPL by Loan Type 2008 %NPL 1Q09 %NPL 2Q09 %NPL (Million Baht) Corporate 606 3.1 674 3.0 690 3.0 Hire Pur

  18. Slide 18: Provisioning Expenses & Credit Cost

    Provisioning Expenses & Credit Cost Provision expenses (MB) Credit cost (%) 1200 1.6% 1.4% 981 1.4% 1000 1.2% 1.2% 1.1% 1.2% 1.1% 800 695 1.0% 1.0% 0.6% 600 0.9% 0.8% 354 0.6% 400 331 293 232 277 0.4% 200 141 0.2% 0 0.0% 2007 2008 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 * Remark: * Including one time adjustme

  19. Slide 19: Capital

    Capital Capital Adequacy Ratio Unit: Million Baht 14.37% 12.54% 11.94% 11.75% 10.16% 14,864 Capital Base 11.58% 11.20% 12,831 10.13% BIS Ratio 10,386 10,896 Tier I 2007 2008 1Q09 2Q09 Risk-Based Capital Breakdown Operational Listed Equity Non-Listed Jun. 09 Listed Equity Mar. 09 Risk Reserve 10.2% B

  20. Slide 20: Interest Rate Risk

    Interest Rate Risk Duration Gap Unit: Years Assets Liabilities Duration Gap 1.01 0.91 0.89 0.76 1.41 1.48 1.35 1.50 0.74 0.52 0.57 0.34 2007 2008 1Q09 2Q09 20

  21. Slide 21: Investor Relations

    Investor Relations TISCO Financial Group Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6000 Fax: +66-2-633-6855 Email: ir@tisco.co.th Website: www.tisco.co.th 21

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