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

Tisco Financial Group Public — Q1 2011 Earnings Presentation

25 slides from Tisco Financial Group Public's earnings presentation, Apr 20, 2011

  1. Slide 1: TISCO Financial Group Analyst Presentation 1Q/2011

    TISCO Financial Group Public Co., Ltd. Analyst Presentation 1Q/2011 20 April 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 diffe

  2. Slide 2: Agenda

    Agenda I. Financial Results 1Q/2011 II. Business and Operation Updates III. Appendix 2

  3. Slide 3: 1Q/2011 Performance Summary

    1Q/2011 Performance Summary • Revenue continued to grow QoQ and YoY • Exceptional loan growth in all area • Stable net spread after provisions, slightly soften gross spread • Strong non-interest income from core businesses • Record low NPL • Provision expense at normal level while still incurring ge

  4. Slide 4: Consolidated Income Statements

    Consolidated Income Statements Unit: Million Baht 1Q10 4Q10 1Q11 %QoQ %YoY Interest income 2,207 2,527 2,712 7.3 22.9 Interest expense (572) (761) (881) 15.7 54.1 Net interest income 1,635 1,766 1,831 3.7 12.0 Fee and service income 624 782 793 1.4 27.0 Fee and service expenses (64) (55) (57) 2.0 (1

  5. Slide 5: Comparing Old and New Format

    Comparing Old and New Format Unit: Million Baht Old New Change Description Interest income 2,738 2,712 (26) 1. Excl. dividend income Interest expense (835) (881) (46) 2. Incl. contribution to DPA totaling Bt46 million Net interest income 1,903 1,831 (71) Fee and service income 793 793 Fee and servic

  6. Slide 6: Assets and Liabilities

    Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 39.9%YoY 42.4%YoY 195,657 14.1%QoQ 180,127 15.1%QoQ 171,408 156,550 139,806 126,511 Other assets Other Liabilities Debentures Interbank & MM 85% 83% LT Borrowings 87% Investments 79% 84% 86% Interbank & MM Loans Deposits

  7. Slide 7: Loan Composition

    Loan Composition Loan Portfolio Breakdown 40.8%YoY 10.8%QoQ 165,897 149,731 7% 117,831 6% 15% 13% Other Loans 11% SME Loans 75% 73% 81% Corporate Loans Retail Loans 1Q10 2010 1Q11 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht Unit: Million Baht 26.8%YoY 145.8%YoY 90.0%

  8. Slide 8: 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 6.8 6.6 6.5 % Yield on loans 5.3 5.3 5.3 5.0 5.0 5.1 5.0 4.8 % Loan spread 5.1 5.1 5.1 4.6 4.8 4.8 4.4 4.8 4.2 4.9 4.7 4.5 % Loan spread (Former TAS) 4.3 4.0 3.1 % Cost of funds 2.3 2.9 2.3 2.1 2.0 2.1 2.2 1.9

  9. Slide 9: Retail Loan Portfolio

    Retail Loan Portfolio Retail Loan Portfolio Breakdown HP New Car, Mortgage, 1.1% 77.0% Auto Cash, 4.9% Motorcycle, 1.7% HP Used Car, 15.3% Auto Hire Purchase Loan TISCO Auto Cash Loan Unit: Million Baht Unit: Million Baht 25.2%YoY 88.4%YoY 7.7%QoQ 10.2%QoQ 114,321 106,168 91,311 5,918 5,368 3,141 1Q

  10. Slide 10: 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% 11.8% 12.3% 10.9% 9.7% 5

  11. Slide 11: Asset Quality

    Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 2.5% 2.2% 2.0% 1.8% 1.9% 1.8% 1.5% 2,807 2,654 2,633 2,641 2,646 2,654 2,579 2009 2010 1Q10 2Q10 3Q10 4Q10 1Q11 1Q10 2010 1Q11 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Million Baht) (%) Corporate 623 4.4 536 2.4 539 2.

  12. Slide 12: Provisions

    Provisions Provision Expense and Credit Cost Provision expense (Million Baht) % Credit cost 1.8% 1.7% 1.4% 1,947 1.4% 1.1% 1,554 1.5% 0.9% 604 607 420 352 315 2009 2010 1Q10 2Q10 3Q10 4Q10 1Q11 Specific Provision vs Actual Provision Unit: Million Baht Specific Provision Actual Provision 4,387 4,162

  13. Slide 13: Deposits

    Deposits Total Deposits & LT BEs Guaranteed & Non-guaranteed Deposits 44.1% YoY Unit: Million Baht Unit: Million Baht 157,831 157,831 19.3% QoQ 5% 132,309 132,309 6% 109,537 109,537 LT BEs 72% 67% 41% 63% Non-guaranteed 40% 57% Deposits ST BEs 23% Fixed Deposits 14% 10% 59% Guaranteed 37% 28% Deposi

  14. Slide 14: Non-Interest Income

    Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Structure Unit: Million Baht 27.3%YoY 5.5%QoQ 3,669 IB, 1.2% 2,854 Brokerage, 20.3% Bancassurance, 34.5% Banking Fee, 60.5% HP Related, 932 983 20.2% 772 Other Banking, AM, 18.0% 5.8% 2009 2010 1Q10

  15. Slide 15: Asset Management Business

    Asset Management Business TISCO Asset under Management Unit: Million Baht 8.4%YoY 140,859 2.8%QoQ 137,015 129,933 Rank #7 31% 32% 32% 13% 12% 11% Private Fund Mutual Fund 57% 56% 56% Provident Fund 1Q10 4Q10 1Q11 Provident Fund Private Fund Mutual Fund Unit: Million Baht Unit: Million Baht Unit: Mil

  16. Slide 16: Brokerage Business

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

  17. Slide 17: Operating Expenses

    Operating Expenses Cost to Income Ratio Cost Structure TAS Revised TAS Others, 21.5% 50.4% 47.8% 45.0% 48.5% 46.6% 44.5% 45.7% Directors' 42.5% 43.1% 40.8% Remunerati on, 0.3% Taxes & Employee's Duties, 4.6% Expenses, 58.8% Premises & Equipments, 2009 2010 1Q10 4Q10 1Q11 14.9% Unit: Million Baht 1Q1

  18. Slide 18: Capital Adequacy

    Capital Adequacy Capital Adequacy Ratio of TISCO Bank 17.0% 16.7% 16.6% 15.2% 15.2% 14.9% 14.8% 13.5% 11.9% 11.7% 12.3% 14.5% 11.3% 10.8% 11.6% 11.2% 17,751 Capital Base (Million Baht) 16,129 16,381 16,227 14,909 13,758 BIS Ratio (%) 10,386 10,837 Tier I (%) 2007 2008 2009* 1Q10 2Q10 3Q10 4Q10 1Q11

  19. Slide 19: 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 1.52 1.35 1.01 1 0.94 0.97 0.86 0.84 0.77 0.81 0.71 0.67 0.55 0.67 0.62 0.34 2008 2009 1Q10 2Q10 3Q10 4Q10 1Q10 19

  20. Slide 20: Agenda

    Agenda I. Financial Results 1Q/2011 II. Business and Operation Updates III. Appendix 20

  21. Slide 21: TISCO New Group Business Structure

    TISCO New Group Business Structure 4 Pillars Corporate & SME Wealth & Asset Corporate Affairs Retail Banking Banking Management & CSR Hire Purchase & Corporate Lending Private Banking Information Technology Leasing SME Lending Treasury TISCO Learning Consumer Loan Investment Banking Personal Banking

  22. Slide 22: Employee and Branch Network

    Employee and Branch Network 2009 2010 1Q11 No. of Employee 2,904 3,055 3,095 TISCO Bank’s Branch 43 45 45 - Bangkok 21 22 22* - Upcountry 22 23 23 TISCO Leasing’s Branch - 4 6 - Bangkok - - - - Upcountry - 4 6 Remark: TISCO closed down 1 bank branch in 1Q11 New Bank Branch in 1Q11 New TISCO Leasing

  23. Slide 23: Agenda

    Agenda I. Financial Results 1Q/2011 II. Business and Operation Updates III. Appendix 23

  24. Slide 24: Restated Quarterly Financial Statements (1Q10 – 4Q10)

    Restated Quarterly Financial Statements (1Q10 – 4Q10) Unit: Million Baht 1Q10 2Q10 3Q10 4Q10 1Q11 Interest income 2,207 2,292 2,408 2,527 2,712 Interest expense (508) (511) (589) (707) (835) - Contribution to DPA (64) (73) (65) (54) (46) Net interest income 1,635 1,707 1,753 1,766 1,831 Fee and serv

  25. Slide 25: 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 25

TISCO Financial Group Public — Q1 2011 Earnings Presentation on 6ix