20 slides from Tisco Financial Group Public's earnings presentation, Oct 19, 2005
Slide 1: TISCO Bank Plc. Analysts Meeting 3Q05
TISCO Bank Plc. Analysts Meeting 3Q05 October 19, 2005
Slide 2: Disclaimer
Disclaimer • The 2005 third quarter operating results presented herewithin have not yet received a complete and full review by external auditor, which may be subject to changes in the due course of account reviewing process. • This presentation material may contain forward-looking statements. These
Slide 3: Condensed Balance Sheets
Condensed Balance Sheets (Million Baht) 3Q05 2Q05 %Change 3Q04 % Change (QoQ) (YoY) Cash 101 8 1,162.5 8 1,162.5 Interbank and money market items 3,215 2,775 15.9 2,659 20.9 Securities purchased under resale 4,757 641 642.1 1,678 183.5 agreements Investment in securities 5,785 7,683 (24.7) 5,982 (3.
Slide 4: Loans and Receivables Breakdown
Loans and Receivables Breakdown Million Baht Loans as of September 30, 2005 70,000 15% 59,706 61,147 62,020 56,984 60,000 5,313 5,384 Commercial 5,781 5,089 Lending 50,000 11,118 11,253 19% 10,947 10,924 10% Others 40,000 7% 5.8% 5.8% 5.6% 30,000 5.3% 5% 20,000 40,971 42,978 45,383 44,716 10,000 0 0
Slide 5: Assets and Liabilities Management
Assets and Liabilities Management Asset Mix Liabilities Mix 120% 120% Other assets 100% Equity 100% Other Liabilities 80% Fixed-income 80% Borrowings Other Loans Interbank 60% 60% Retail Loans Deposits 62% 59% 73% 76% 40% 40% Corporate Loans 20% 20% Securities purchased under resale agreement 0% Int
Slide 6: Profitability
Profitability (Million Baht) 9M05 9M04 % Change 3Q05 3Q04 % Change (YoY) (YoY) Interest and dividend income 3,389 2,898 17.0 1,175 947 24.1 Interest expenses 1,024 795 28.8 392 270 45.2 Net interest and dividend income 2,365 2,103 12.5 783 677 15.6 Non-interest income 1,666 1,589 4.9 684 475 44.0 No
Slide 7: 3Q05 Performance
3Q05 Performance Net Profits • 3Q05 net profit rose by 26.9% q-o-q mainly 1,000 attributed to increases in securities business 885 fee, asset management fee, and gain on 800 investment. Bt mn 600 517 508 • 3Q05 net profit rose by 46.2% y-o-y, mainly due to the increase in income from operations 400
Slide 8: Net Interest and Dividend Income
Net Interest and Dividend Income (Million Baht) 9M05 9M04 % Change 3Q05 3Q04 % Change (YoY) (YoY) Interest on Loans 431 523 (17.6) 148 142 4.2 Interest on Interbank 90 30 200.0 48 11 336.4 Hire purchase and financial lease 2,605 2,159 20.7 906 755 20.0 Investment 263 186 41.4 73 39 87.2 Interest and
Slide 9: Spread-NIM
Spread-NIM 5.5 4.9 4.6 4.6 4.5 5.0 4.3 4.5 (%) 4.6 4.0 4.4 4.3 4.2 3.5 4.0 3.0 3Q04 4Q04 1Q05 2Q05 3Q05 Spread NIM (%) 3Q04 4Q04 1Q05 2Q05 3Q05 Yield 6.6 6.9 6.5 6.7 6.7 Cost 2.2 2.3 2.3 2.4 2.7 Spread 4.4 4.6 4.3 4.2 4.0 NIM 4.6 4.9 4.6 4.5 4.3 9
Slide 10: Non-interest income
Non-interest income (Million Baht) 9M05 9M04 % Change 3Q05 3Q04 % Change (YoY) (YoY) Brokerage fee 489 691 (29.2) 151 179 (15.69) Gain (loss) on investments 322 18 1,688.9 193 74 160.8 Fee and services income Acceptances, aval and guarantees 1 2 (50.0) 0 1 (100) Others 662 769 (13.9) 244 182 34.1 Ga
Slide 11: Non-Interest Income
Non-Interest Income (Million Baht) 9M05 9M04 % Change 3Q05 3Q04 % Change (YoY) (YoY) Brokerage Fee 489 691 (29.2) 151 179 (16.2) Asset Management Fee 217 164 32.3 96 56 71.4 Fee Income from Fin. Bus, SAM and others 617 472 30.7 238 162 46.9 Investment Banking Fee 21 244 (91.4) 7 4 75.0 Trading Incom
Slide 12: Operating Expenses
Operating Expenses (Million Baht) 9M05 9M04 % Change 3Q05 3Q04 % Change (YoY) (YoY) Personnel expenses 752 913 (17.6) 273 293 (6.8) Premises and equipment expenses 310 234 32.5 107 81 32.1 Taxes and duties 54 53 1.9 18 16 12.5 Fees and service expenses 442 383 13.3 147 140 5.0 Directors’ remuneratio
Slide 13: Hire Purchase Business
Hire Purchase Business Industry New Car Sales & TISCO Market Share • The outstanding HP portfolio Thousand Units (%) increased by 1.7% q-o-q or 11.9% 250 12.0 Y-T-D to Bt43,156. 200 187 10.0 7.6 167 179 • New loans extended in 3Q05 7.0 8.0 150 amounted to Bt5,704.09mn, grew Total Car 140 7.7 7.3 104
Slide 14: Local Brokerage Business
Local Brokerage Business Market Turnover & TISCO Market share TISCO Brokerage Volume & Brokerage Fee Daily Average Turnover (Btmn) Market Share (%) Brokerage Volume (Btmn) Brokerage Fee (Btmn) 25,000 5% 100,000 400 21,267 85,171 82,145 20,000 3.4% 18,280 80,000 70,592 4% 16,274 3.6% 15,536 15,865 3.
Slide 15: Asset Management Business
Asset Management Business Market NAV and TISCO Market Share Asset Under Management Total NAV (Btmn) Market Share (%) Total NAV (Btmn) 1,200,000 7.4 1,086,421 8.0 90,000 78,598 7.3 1,059,386 7.0 74,044 7.0 80,000 72,595 1,000,000 924,545 988,257 67,704 888,965 7.0 6.9 70,000 64,760 6.0 800,000 60,000
Slide 16: Risk-Based Capital Adequacy
Risk-Based Capital Adequacy Jun-05 Sep-05 Wholesale Lending Operational Risk Wholesale Lending Reserve 6% Operational Risk 6% 10% Property Reserve 4% 10% Property Retail Lending 4% 40% Retail Lending Non-listed Equity 37% 4% Non-listed Equity 4% Derivatives 0% Derivatives Listed Equity 0% Listed Equ
Slide 17: Interest Rate Risk
Interest Rate Risk 1.4 1.27 1.22 Current Profile 1.2 • Interest rate duration gap was 1 widen from 6.12 months to 7.32 months mainly according to 0.8 0.76 lower day to maturity of deposit 0.61 portfolio. 0.6 0.4 0.2 0 Jun-05 Sep-05 Assets Liabilities 17
Slide 18: Number of Employees
Number of Employees Employees 2,500 1,964 2,000 1,809 1,680 1,527 479 462 1,500 1,249 410 287 109 1,000 1,485 1,240 1,270 1,347 1,140 500 0 2001 2002 2003 2004 Sep05 Permanent Contract 18
Slide 19: Key Economic Indicators
Key Economic Indicators Thai GDP Growth Y-O-Y (%) 8 6.87 7 6.12 6 5.33 5 4.50 4.00 4 3 2.17 2 1 0 2001 2002 2003 2004 2005E 2006E (%) 2001 2002 2003 2004 2005(E) 2006(E) Thai GDP Growth 2.17 5.33 6.87 6.12 4.00 4.50 Private consumption 4.12 5.28 6.44 5.72 4.30 4.40 Interest rate - MLR 7.00 6.75 5.50
Slide 20: E-mail: IR@TISCO.CO.TH
‘| TIS¢O Bank hank yo E-mail: IR@TISCO.CO.TH 20