Vietnam Technological & Commercial Joint Stock Bank · HOSE:TCB
Vietnam Technological & Commercial Joint Stock Bank — Q4 2024 Earnings Presentation
10 slides from Vietnam Technological & Commercial Joint Stock Bank's earnings presentation, Jan 22, 2025
Slide 1: Earnings Flash: Guidance successfully achieved
22 January, 2025 EARNINGS FLASH WV VPBank Securities Vietnam Technological and Commercial Joint Stock Bank (HOSE: TCB) Vietnam Banks Guidance successfully achieved Q4/2024 and 2024's earnings update: TCB's Q4& PBT declined by 18.7% yoy, primarily due to a contract compensation payment to Manulife am
Slide 2: Earnings Update and 2025 Outlook
) wosercs 7 VPBank EARNINGS UPDATE Securities * CASA rose to 40.9% by end of 2024 (+100 bps yoy), driven by the “Anh trai vuot ngan chong gai” ticket-hunting program and the Auto Earnings product. Despite a sharp increase in costs for these programs (with marketing expenses rising by 53.8% yoy), the
Slide 3: 2025 Outlook: CIR, credit growth, NPL
4) HOSE: TCB V VPBank EARNINGS UPDATE Securities * ClRis expected to reach 30-35%. * The bank projects credit growth of 25%, significantly outpacing the system's expected growth of 16%. Despite this, the NPL ratio is anticipated to remain at 1.5%, with credit costs staying below 1%. We will update o
Slide 4: COF & NIM, CASA and deposit structure
oe \Y VPBank EARNINGS UPDATE Securities Figure 1. COF & NIM Figure 2. CASA structure Unit: % Unit: trillion VND 6.00 250.0 5.00 200.0 4.00 150.0 3.00 100.0 2.00 1.00 50.0 bb o> db ne alk alk nlx % db kb > ne ee nlx Yh PS? SP SP a St ws XP PP SP a PP ct BY GY 0" 0" 18" 6" 6" BY AG” \o er 2" 2" AS” \O
Slide 5: Income-generating assets, credit and service revenue
4) HOSE: TCB V VPBank EARNINGS UPDATE Securities Figure 5. Income-generating assets structure Unit: trillion VND 1,000.00 800.00 600.00 400.00 200.00 4Q2022 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 4Q2024 Customer G Corp loans HM bonds Ml bonds MM Others Figure 6. Credit by customers Unit: t
Slide 6: CIR, OPEX structure, ROE and ROA
4) HOSE: TCB V VPBank EARNINGS UPDATE Securities Figure 8. CIR Unit: % 36.00 34.00 32.00 30.00 28.00 26.00 24.00 22.00 20.00 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 4Q2024 Figure 9. OPEX structure Unit: trillion VND 5,000 4,000 3,000 2,000 1,000 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 3Q2
Slide 7: NPL & LLR, CIC debt impact
/) rose rcs 7 VPBank EARNINGS UPDATE Securities Figure 12. NPL & LLR Unit: % 1.60% 180% 1.40% 160% 1.20% 140% 108 % % 0.80% 80% 0.60% 60% 0.40% 40% 0.20% 20% 0.00% 0% SP PP PP PS ew ewe Oo oe ww ww SC —NPL — LLR Figure 13. Impact of CIC group 2 debt Figure 14. Impact of CIC group 3-5 debt Unit: bill
Slide 8: LDR, SMLR, CAR and credit growth
HOSE: TCB VPBank EARNINGS UPDATE Securities Figure 15. LDR Figure 16. SMLR Unit: % Unit: % 83% 40.0% 82% 35.0% 81% 30.0% 80% ° 19% 25.0% 78% 20.0% 77% 15.0% 76% 10.0% 75% ° saw 5.0% 73% 0.0% SPS? SS? S? "SM oh PPP? PP? PS” SF IN <a Ca <a a CA CMC CC <a Ca cal Ca Ca, Cal Cal Ca a Figure 17. CAR Unit:
Slide 9: Appendix: Consolidated Financial Statements
HOSE: TCB EARNINGS UPDATE W vPBank APPENDIX — CONSOLIDATED FINANCIAL STATEMENTS ND Balance sheet Cash and gold Balances with the SBV Balances with and credit granting to other Cls Held-for-Trading Securities Derivatives and other financial assets Loans to customers Investment Securities Long-term in
Slide 10: Disclaimers
\Y’ VPBank Securities DISCLAIMERS VPBank Securities JSC (VPBankS) has issued this report for information purposes only. This report is intended for circulation amongst VPBankS and its affiliates’ clients generally or such persons as may be deemed eligible by VPBankS to receive this report and does n
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