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

Tisco Financial Group Public — Q3 2010 Earnings Presentation

22 slides from Tisco Financial Group Public's earnings presentation, Oct 14, 2010

  1. Slide 1: TISCO Financial Group Analyst Presentation 3Q10

    TISCO Financial Group Public Co., Ltd. Analyst Presentation 3Q10 14 October 2010 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

  2. Slide 2: Agenda

    Agenda I. Financial Results 3Q/2010 II. Business Updates 2

  3. Slide 3: 3Q10 Financial Results

    3Q10 Financial Results Unit: Million Baht 3Q09 2Q10 3Q10 %QoQ %YoY 9M09 9M10 %YoY Interest income 2,128 2,301 2,430 5.6 14.2 6,311 6,987 10.7 Interest expense (529) (511) (589) 15.2 11.2 (1,983) (1,608) (18.9) Net interest income 1,598 1,790 1,841 2.9 15.2 4,328 5,378 24.3 Non-interest income 732 1,

  4. Slide 4: Loan Growth & Loan Spread

    Loan Growth & Loan Spread Net Interest Income Quarterly Loan Growth 15.2%YoY 23.5% YTD Net Interest Income (Million Baht) Total Loan (Million Baht) Growth (%) 2.9%QoQ Loan Growth (QoQ) 9.3% QoQ 5,378 YoY QoQ 139,865 4,328 128,001 111,846 113,233 117,831 107,336 110,688 8.6% 9.3% 36.4% 8.8% 4.1% 24.3

  5. Slide 5: Non-Interest Income

    Non-Interest Income Non-Interest Income from Core Businesses Unit: Million Baht 33.5%YoY 2,585 12.4%QoQ 19% 1,972 19% 20% IB fee 25% Brokerage fee 967 860 724 22% AM fee 56% 22% 16% 23% 54% 15% 26% Banking fee 51% 55% 52% 9M09 9M10 3Q09 2Q10 3Q10 Unit: Million Baht 3Q09 2Q10 3Q10 % QoQ %YoY 9M09 9M1

  6. Slide 6: Operating Expenses

    Operating Expenses Operating Expenses Cost to Income Ratio Unit: Million Baht 0.2%YoY 2.3%QoQ 27% 3,793 3,226 19% Other expenses 16% 54.2% 27% Directors' remuneration 51.2% 45.7% 46.3% 14% 42.7% Fees & service exp 16% 1,296 Taxes & duties 1,264 1,266 20% 57% 33% 19% Premises & equip exp 47% 13% 13%

  7. Slide 7: Provisions

    Provisions Provision Expenses Provision (Million Baht) % Credit cost 2.1% 1.8% 1.4% 1.4% 1.2% 1.3% 1.1% 1.1% 1.1% 1,329 964 584 599 354 418 293 318 312 9M09 9M10 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Specific Provision vs Actual Provision Unit: Million Baht Specific Provision Actual Provision Cushion a

  8. Slide 8: Assets & Liabilities

    Assets & Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 12.7%YTD 12.7%YTD 6.1%QoQ 6.0%QoQ 142,283 156,407 134,224 147,476 126,286 138,804 Other assets Other Liabilities Interbank & MM LT Borrowings 89% 88% 85% 80% 87% 82% Investments Interbank & MM Loans Deposits & ST Borrowing

  9. Slide 9: Loan Growth

    Loan Growth Loan Growth Unit: Million Baht 23.5%YTD 139,865 128,001 9.3%QoQ 113,233 13% 11% 11% Other Loans SME Loans 79% 76% 80% Corporate Loans Retail Loans 2009 2Q10 3Q10 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht Unit: Million Baht 17.9%YTD 50.9%YTD 46.6%YTD 5.2

  10. Slide 10: Retail Loan Portfolio

    Retail Loan Portfolio Hire Purchase Loan TISCO Auto Cash Unit: Million Baht Unit: Million Baht 16.6%YTD 76.0%YTD 4.7%QoQ 19.7%QoQ 100,977 96,432 4,619 3,860 86,632 2,624 2009 2Q10 3Q10 2009 2Q10 3Q10 New Hire Purchase Loans New Auto Cash Loans Unit: Million Baht Value (Million Baht) Volume (Units) 8

  11. Slide 11: Industry Car Sales

    Industry Car Sales Industry New Car Sales Units New Car Sales (Unit) Growth (YoY) 80,000 2007 2008 2009 2010 63% 55% 53% 53% 52% 24% 60,000 2% 40,000 -4% -26% -29% -37% 20,000 Jan Feb Mar April May Jun Jul Aug Sep Oct Nov Dec Jan09 Mar09 May09 Jul09 Sep09 Nov09 Jan10 Mar10 May10 Jul10 TISCO Penetrat

  12. Slide 12: Hire Purchase Portfolio Breakdown

    Hire Purchase Portfolio Breakdown Breakdown by Car Manufacturers Breakdown by Business Area Others, 17% Toyota, 30% Ford, Bangkok, Mazda & Provincial, 46% Chevrolet, 13% 54% Honda, Isuzu, 23% 17% Breakdown by New and Used Markets Breakdown by Car Type Used cars, Others, 4% 17% Pick-up Passenger truc

  13. Slide 13: Quality of Assets

    Quality of Assets NPL Ratio Unit: Million Baht Total NPL % NPL 2.5% 2.2% 2.0% 1.9% 2,807 2,633 2,641 2,646 2009 1Q10 2Q10 3Q10 NPL by Loan Type 2009 %NPL 2Q10 %NPL 3Q10 %NPL (Million Baht) Corporate 600 2.9 591 3.8 562 2.7 SME 73 1.0 69 1.3 121 1.7 Hire Purchase 1,497 1.7 1,414 1.5 1,412 1.4 Mortgag

  14. Slide 14: Deposits & ST Borrowings

    Deposits & ST Borrowings Deposits & ST Borrowings Unit: Million Baht 3.4% YTD 0.3% QoQ 114,011 114,307 110,507 41% 49% 49% ST Borrowings 20% 17% Fixed Deposits 289% 38% 35% CASA 23% 2009 2Q10 3Q10 Unit: Million Baht 2009 2Q10 3Q10 %QoQ %YTD Current 7,431 8,595 6,272 (27.0) (15.6) Savings 17,920 34,9

  15. Slide 15: Asset Management Business

    Asset Management Business TISCO Assets Under Management Unit: Million Baht 12.4%YTD 138,625 3.1%QoQ 134,449 123,286 Rank #6 31% 30% 31% 12% 13% 12% Mutual Fund Private Fund 57% 56% 58% Provident Fund 2009 2Q10 3Q10 Provident Fund Private Fund Mutual Fund Unit: Million Baht Unit: Million Baht Unit: M

  16. Slide 16: Brokerage Business

    Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 225,159 3.1% 153,135 2.8% 3.0% 2.9% 2.8% 2.7% 2.6% 2.8% 2.7% 101,738 63,638 63,370 66,244 60,023 63,398 25,849 9M09 9M10 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Remark: Market share excluded brokers’ pro

  17. Slide 17: Capital Adequacy

    Capital Adequacy Capital Adequacy Ratio 17.0% 16.7% 16.6% 15.4% 14.8% 13.5% 12.6% 11.9% 11.8% 14.5% 11.6% 16,129 16,574 11.2% 14,909 Capital Base (Million Baht) 13,782 BIS Ratio (%) 10,386 10,896 Tier I (%) 2007 2008 2009* 1Q10 2Q10 3Q10 Remark:* Upgraded from Basel II – SA to Basel II – IRB Approac

  18. Slide 18: Interest Rate Risk

    Interest Rate Risk Duration of Assets and Liabilities Unit: Years Assets Liabilities Duration Gap 1.62 1.61 1.58 1.52 1.41 1.35 0.89 1.01 1.00 0.94 0.97 0.77 0.81 0.62 0.67 0.55 0.52 0.34 2007 2008 2009 1Q10 2Q10 3Q10 18

  19. Slide 19: Agenda

    Agenda I. Financial Results 3Q/2010 II. Business Updates 19

  20. Slide 20: New Products and Services

    New Products and Services - Loan Syndication Facility of Bt 9.9 Billion to PTTAR - Loan Syndication Facility of Bt 32 Billion to Gulf JP - Credit Facility of Bt 3 Billion to Thai Airways - “Love Mum Everyday With TISCO”, Tax Free Savings - “BE 555” 24 months, with Step Up Interests from 0.75% - 5.5%

  21. Slide 21: Employee and Branch Network

    Employee and Branch Network 2009 1Q10 2Q10 3Q10 No. of Employee 2,904 2,905 2,930 3,002 No. of Branch 43 46 46 46 - Bangkok * 21 23 23 23 - Upcountry 22 23 23 23 Remark: * Including Head Office branch 21

  22. Slide 22: Investor Relations

    Investor Relations TISCO Financial Group Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6000 Fax: +66-2-633-6855 Email: ir@tisco.co.th Website: www.tisco.co.th 22

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