Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q1 2014 Earnings Presentation
20 slides from Tisco Financial Group Public's earnings presentation, Apr 18, 2014
Slide 1: TISCO Financial Group Analyst Meeting 1Q/2014
TISCO Financial Group Public Co., Ltd. Analyst Meeting 1Q/2014 April 18, 2014
Slide 2: 1Q/2014 Financial Results
TISCO 1Q/2014 Financial Results
Slide 3: Consolidated Income Statements
Consolidated Income Statements Unit: Million Baht 1Q13 4Q13 1Q14 %QoQ %YoY Interest income 4,467 5,095 4,998 (1.9) 11.9 Interest expense (2,364) (2,776) (2,692) (3.0) 13.9 Net interest income 2,103 2,319 2,306 (0.6) 9.6 Fee and service income 1,639 1,233 1,284 4.1 (21.7) Fee and service expenses (66
Slide 4: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 7.4% QoQ 8.2% QoQ 4.3% YoY 3.0% YoY 336,044 359,263 308,606 332,807 299,484 319,015 Other assets Other Liabilities Interbank & MM Debentures 89% 81% 86% 88% 88% 84% Investments Interbank & MM Loans Deposits & ST Borrowin
Slide 5: Loan Portfolio
Loan Portfolio Total Loan Portfolio Unit: Million Baht 2.6% QoQ 6.7% YoY 292,151 284,655 266,785 11% 10% 11% Other Loans 18% 18% 16% SME Loans 70% 70% Corporate Loans 71% Retail Loans 1Q13 4Q13 1Q14 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht 7.1% QoQ Unit: Million B
Slide 6: Retail Loan Portfolio
Retail Loan Portfolio Retail Loan Breakdown 6
Slide 7: Industry Car Sales and Penetration Rate
Industry Car Sales and Penetration Rate Industry New Car Sales Units 160,000 2011 2012 120,000 2013 80,000 2014 40,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TISCO Auto HP Penetration Rate No. of New Car Sales ('000 Units) Penetration Rate (%) 1,436 1,331 11.0% 8.5% 9.1% 8.6% 8.7% 8.4% 7.
Slide 8: Loan Spread and Net Interest Margin
Loan Spread and Net Interest Margin Yield on Loans and Cost of Funds 7.1 6.8 6.7 6.7 6.6 6.6 6.6 6.5 6.5 6.5 % Yield on loans 4.8 4.8 % Loan spread 3.6 3.6 3.5 3.4 3.5 3.5 3.5 3.5 2.3 % Cost of funds 2.0 3.1 3.1 3.1 3.1 3.0 3.1 3.1 3.0 2009 2010 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 Remark: Cost o
Slide 9: Asset Quality
Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 1.7% 1.7% 1.9% 1.4% 1.2% 1.3% 1.5% 1.5% 5,366 4,966 4,966 4,069 4,197 3,404 3,099 2,612 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 1Q13 4Q13 1Q14 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Million Baht) (%) Corporate 420 1.
Slide 10: Provisions
Provisions Provision Expense and Credit Cost Unit: Million Baht Provision expense (Million Baht) % Credit cost 4,141 2.2% 1.5% 1.5% 1.6% 1.2% 1.1% 0.8% 0.9% 1,922 1,613 1,283 1,170 940 778 810 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 Minimum Required Provision vs Actual Provision Unit: Million Baht M
Slide 11: Deposits
Deposits Total Deposits & Bill of Exchanges Unit: Million Baht 9.6% QoQ 299,481 270,594 3.0% YoY 262,587 10% 13% LT Bill of Exchanges ST Debentures 74% 67% ST Bill of Exchanges 84% Fixed Deposits CASA 11% 14% 17% 1Q13 4Q13 1Q14 Unit: Million Baht 1Q13 4Q13 1Q14 %QoQ %YoY Current 2,123 2,481 3,118 25
Slide 12: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 26.1% YoY 2.7% QoQ 5,601 16.3% YoY IB, 0.3% Brokerage, 4,443 12.2% Bancassurance, 49.5% Banking Fee 71.9% HP Related, AM, 15.5% 8.3% 1,622 1,321 1,357 Other Banking, 14.2% 2012 2013 1Q13 4Q1
Slide 13: Asset Management Business
Asset Management Business TISCO Asset under Management Unit: Million Baht 0.3% QoQ 0.6% YoY 156,923 158,262 157,831 Rank #9 22% 20% 20% 17% 15% 16% Private Fund Mutual Fund 61% 65% 64% Provident Fund 1Q13 4Q13 1Q14 Provident Fund Private Fund Mutual Fund Unit: Million Baht 2.1% QoQ Unit: Million Bah
Slide 14: Brokerage Business
Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 625,096 3.1% 3.1% 3.2% 3.1% 3.1% 3.0% 2.6% 2.7% 408,339 321,303 205,877 182,798 139,846 96,575 96,850 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 TISCO Trading Volume by Customer Retail Investors Foreig
Slide 15: Operating Expenses
Operating Expenses Cost to Income Ratio Cost to Total Assets Ratio Cos t-to-i ncome Cos t-to-i ncome net * Cost to total assets Cost to total assets - net * 48.9% 42.7% 43.2% 39.5% 37.5%35.6% 35.8% 37.5% 32.1% 29.7% 2.3% 2.2% 1.7% 1.7% 1.8% 1.7% 1.6% 1.5% 1.4% 1.2% 2012 2013 1Q13 4Q13 1Q14 2012 2013
Slide 16: Capital Adequacy
Capital Adequacy Capital Adequacy Ratio of TISCO Bank 14.9% 13.3% 13.4% 13.3% 13.8% 13.4% 14.3% 12.9% 9.9% 9.5% 9.4% 9.0% 9.2% 9.0% 9.2% 8.3% 27,179 25,746 25,612 25,746 24,712 Capital Base (MB) 22,006 22,819 18,493 BIS Ratio (%) Tier I (%) 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14* * Remark : Project
Slide 17: Employee and Branch Network
Employee and Branch Network Total Branch Network 137 132 132 117 102 87 91 57 2011 2012 2013 1Q13 2Q13 3Q13 4Q13 1Q14 17
Slide 18: Disclaimer
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 as a result of various factors. TISC
Slide 19: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/49 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 19
Slide 20: Wealth of Possibilities
WEALTH OF POSSIBILITIES
TISCO Financial Group Public — Q1 2014 Earnings Presentation on 6ix