Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q4 2011 Earnings Presentation
18 slides from Tisco Financial Group Public's earnings presentation, Jan 13, 2012
Slide 1: Analyst Presentation 4Q/2011 and FY2011
TISCO Financial Group Public Co., Ltd. Analyst Presentation 4Q/2011 and FY2011 13 January 2012 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 resu
Slide 2: Consolidated Income Statements
Consolidated Income Statements Unit: Million Baht 4Q10 3Q11 4Q11 %QoQ %YoY 2010 2011 %YoY Interest income 2,527 3,312 3,342 0.9 32.3 9,433 12,376 31.2 Interest expense (761) (1,570) (1,875) 19.4 146.3 (2,572) (5,460) 112.3 Net interest income 1,766 1,741 1,468 (15.7) (16.9) 6,861 6,916 0.8 Fee and s
Slide 3: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 6.7%QoQ 6.8%QoQ 28.8%YoY 30.6%YoY 220,709 206,863 204,420 191,377 171,408 Other assets 156,550 Other Liabilities Debentures Interbank & MM 88% 84% LT Borrowings 83% 83% 87% Investments 79% Interbank & MM Loans Deposits &
Slide 4: Loan Portfolio
Loan Portfolio Total Loan Portfolio Unit: Million Baht 1.8%QoQ 23.6%YoY 185,014 181,738 7% 7% 149,732 16% 16% 6% Other Loans 13% SME Loans 74% 74% 75% Corporate Loans Retail Loans 2010 3Q11 2011 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht Unit: Million Baht 1.8%QoQ 1
Slide 5: Retail Loan Portfolio
Retail Loan Portfolio Retail Loan Portfolio Breakdown 2010 2011 HP New Car, HP New Car, 73.8% Mortgage, 1.3% 76.3% Mortgage, 1.0% Auto Cash, 4.8% Auto Cash, 5.7% Top Up, 0.0% Top Up, 1.8% Motorcycle, 1.7% Motorcycle, 1.4% HP Used Car, HP Used Car, 15.9% 16.3% Auto Hire Purchase Loan Auto Cash Loan T
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 Auto HP Penetration Rate No. of New Car Sales ('000 Units) Penetration Rate (%) 800.4 794.0 12.6% 12.0% 11.8% 12.3
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 6.9 6.9 6.8 6.9 % Yield on loans 6.7 6.7 6.6 6.5 6.6 % Yield on loans - excl. flood effect 5.1 5.1 5.1 4.8 4.9 4.8 4.8 4.6 4.4 4.3 % Loan spread 4.0 4.1 3.7 3.5 3.9 3.1 3.1 % Loan spread - 3.4 excl. flood effect 2.
Slide 8: Asset Quality
Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 2.5% 1.8% 1.6% 1.4% 1.6% 1.4% 1.2% 2,807 2,654 2,835 2,612 2,579 2,612 2,274 2009 2010 2011 1Q11 2Q11 3Q11 4Q11 2010 3Q11 2011 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Million Baht) (%) Corporate 536 2.4 473 1.6 393 1.
Slide 9: Provisions
Provisions Provision Expense and Credit Cost Provision expense (Million Baht) % Credit cost 1.4% 1.5% 1,947 0.9% 0.8% 0.8% 0.7% 0.7% 1,554 1,291 352 328 302 310 2009 2010 2011 1Q11 2Q11 3Q11 4Q11 Specific Provision vs Actual Provision Unit: Million Baht Specific Provision Actual Provision 4,605 4,61
Slide 10: Deposits
Deposits Total Deposits & Bill of Exchanges Guaranteed & Non-guaranteed Deposits Unit: Million Baht 6.8% QoQ Unit: Million Baht 33.3% YoY 176,376 176,376 165,204 165,204 3% 132,309 3% 132,309 LT BEs Non-guaranteed 6% 78% 77% Deposits 75% ST BEs 63% 74% 57% Fixed Deposits Guaranteed Deposits 14% 11%
Slide 11: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 3.6%YoY 10.6%QoQ NPA Reversal, 5.7% 8.5%YoY IB, 0.8% Bancassurance, 3,322 3,440 Brokerage, 32.2% 15.5% Banking fee 59.3% HP Related, 893 22.2% 874 799 AM, 15.1% Other Banking, 4.9% 2010 2011
Slide 12: Asset Management Business
Asset Management Business TISCO Asset under Management Unit: Million Baht 3.1%QoQ 0.8%YoY 137,015 131,794 135,880 Rank #6 31% 27% 27% 11% 10% 13% Private Fund 61% 63% Mutual Fund 56% Provident Fund 2010 3Q11 2011 Provident Fund Private Fund Mutual Fund Unit: Million Baht Unit: Million Baht Unit: Mil
Slide 13: Brokerage Business
Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 333,211 321,303 219,379 2.7% 2.6% 2.9% 2.8% 2.9% 2.5% 2.4% 94,069 73,554 85,868 67,813 2009 2010 2011 1Q11 2Q11 3Q11 4Q11 Remark: Market share excluded brokers’ proprietary trading TISCO Trading Vol
Slide 14: Operating Expenses
Operating Expenses Cost to Income Ratio Cost to Total Assets Ratio Cost-to-income Cost-to-income net * Cost to total assets Cost to total assets - net * 42.5% 44.5% 40.8% 44.4% 42.6% 41.3% 41.8% 40.4% 39.5% 39.7% 2.6% 2.5%2.4% 2.4% 2.5%2.2% 2.0% 2.1%2.0% 1.8% 2010 2011 4Q10 3Q11 4Q11 2010 2011 4Q10
Slide 15: Capital Adequacy
Capital Adequacy Capital Adequacy Ratio of TISCO Bank 17.0% 15.2% 14.9% 14.9% 14.9% 13.8% 14.0% 14.5% 10.8% 9.9% 9.9% 9.8% 9.9% 11.3% 18,493 17,751 18,553 18,493 Capital Base (Million Baht) 17,795 16,227 13,758 BIS Ratio (%) Tier I (%) 2009* 2010 2011 1Q11 2Q11 3Q11 4Q11 Remark: * Upgraded from Base
Slide 16: Interest Rate Risk
Interest Rate Risk Duration of Assets and Liabilities Unit: Years Assets Liabilities Duration Gap 1.62 1.57 1.54 1.56 1.53 1.53 1.50 1.00 0.88 0.90 0.92 0.88 0.86 0.84 0.71 0.62 0.65 0.67 0.64 0.64 0.65 2009 2010 2011 1Q11 2Q11 3Q11 4Q11 16
Slide 17: Employee and Branch Network
Employee and Branch Network 2009 2010 3Q11 2011 No. of Employee 2,904 3,055 3,278 3,335 TISCO Bank’s Branch 43 45 48 47 - Bangkok 21 22 25 24 - Upcountry 22 23 23 23 TISCO Leasing’s Branch - 4 8 10 - Bangkok - - - - - Upcountry - 4 8 10 Total Branches 43 49 56 57 17
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
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