Ratchthani Leasing Public Co., Ltd. · SET:THANI
Ratchthani Leasing Public — Q1 2024 Earnings Presentation
19 slides from Ratchthani Leasing Public's earnings presentation, May 29, 2024
Slide 1: Performance Q1/2024
usun oak s1gsiUAAasy VINA (UKIU) THANI Performance Q1/2024 AAAAA TalS. A- SET RATING
Slide 2: Presenters
K.Kovit Rongwattanasophon Managing Director Chairman of Executive committee K.Unchan Srisom Senior Vice President of Accounting RATCHTHANI LEASING
Slide 3: Contents
Contents 1 Company Executive Summary 2 Performance Q1/2024
Slide 4: Company Executive Summary
Company Executive Summary RATCHTHANI LEASING
Slide 5: Key Development
Key Development Received a SET ESG Rating of “AA” from the announcement of the results of SET ESG Ratings 2023 One of the list of 2023 sustainable stocks or Thailand Sustainability Investment (THSI) Best Company Performance 2021 Awards ”A-(Stable)”company rating from TRIS Rating The Company 2022 Ope
Slide 6: Automotive Industry Overview
Automotive Industry Overview Passenger Car Sales Record Truck Sales Record 14.87% 10.28% 34.25% -31.02% -16.01% -15.27% 0.28% -15.58% -11.36% -26.07% 274,789 292,384 31,143 31,230 265,123 27,682 230,794 23,197 65,615 4,597 8,914 7,951 72,838 86,028 64,432 7,384 70,795 6,960 7,587 71,581 7,462 64,798
Slide 7: Hire Purchase Breakdown (%)
Hire Purchase Breakdown (%) Truck (70%) Luxury Cars (23%) New Truck (70%) Super Car Hi-End Car Used Truck (30%) Motorcycle (2%) Taxi (1%) Other (4%) Big Bike Taxi Tractor Passenger Car Pick-Up Bus Source: Company data
Slide 8: Q1/2024 Performance
Q1/2024 Performance RATCHTHANI LEASING
Slide 9: Business Plan 2024
Business Plan 2024 Source: Company data
Slide 10: Profit and Loss
Profit and Loss Source: Company data
Slide 11: Key Ratio
Key Ratio Source: Company data
Slide 12: Assets
Assets +1.3 +1.9 Unit : MB QoQ YoY 460 688 640 363 719 1,764 2,364 2,016 2,876 5,445 Loans 403 365 344 314 288 Other 52,406 52,990 52,589 51,351 49,607 Leasing Hire Purchase 1Q23 2Q23 3Q23 4Q23 1Q24 Source: Company data
Slide 13: Liabilities
Liabilities Borrowing Unit : MB +0.1 +2.2 QoQ YoY Float Rate 0% Fixed Rate Short Term 100% 41% 1Q23 2Q23 3Q23 4Q23 1Q24 Long Term 59% Borrowings Breakdown Unit : MB 23,991 23,065 24,580 24,431 25,476 18,833 19,054 17,140 17,319 15,392 1Q23 2Q23 3Q23 4Q23 1Q24 Short term Borrowing Long Term Borrowing
Slide 14: Profitability & Total Income
Profitability & Total Income Net Profit ROA and ROE Unit : MB ROE ROA 3.36% 3.07% 3.36% 2.50% 14.51% 2.50% 1.78% 13.59% 1.15% 14.51% 8.01% 10.83% 10.83% 450 425 450 5.07% 250 343 343 161 1Q23 2Q23 3Q23 4Q23 1Q24 03M23 03M24 1Q23 2Q23 3Q23 4Q23 1Q24 03M23 03M24 Total Income 281 227 281 222 236 191 22
Slide 15: Interest Income & Expenses
Interest Income & Expenses Interest Income and Interest Expenses Yield, Cost of Fund, and Spread Unit : MB Spread Cost of Fund Yield 6.81% 6.71% 6.64% 6.63% 6.75% 6.81% 6.75% 2.61% 2.75% 2.84% 3.02% 3.07% 2.61% 3.07% 910 920 924 913 885 910 885 262 287 304 319 316 316 4.21% 262 3.96% 3.80% 3.62% 3.6
Slide 16: Operating Expenses
Operating Expenses Operating Expenses Cost to Income Ratio Unit : MB +6.9 +5.6 QoQ YoY 24.27% 23.49% 23.49% 22.34% 20.63% 19.05% 187 187 19.05% 177 176 175 177 187 1Q23 2Q23 1Q24 4Q23 1Q24 03M23 03M24 1Q23 2Q23 3Q23 4Q23 1Q24 03M23 03M24 Source: Company data
Slide 17: Expected Credit Loss
Expected Credit Loss ECL Credit Cost Credit Cost Unit : MB (54.1) (2.7) QoQ YoY 2.83% 2.44% 1.35% 1.36% 1.36% 1.35% 386 340 1.02% 182 177 182 177 140 1Q23 2Q23 3Q23 4Q23 1Q24 03M23 03M24 1Q23 2Q23 3Q23 4Q23 1Q24 03M23 03M24 Source: Company data
Slide 18: NPLs and Allowance for ECL
NPLs and Allowance for ECL NPL NPL Ratio and Coverage Ratio Unit : MB NPL Ratio Coverage Ratio (0.4) +18.7 QoQ YoY 107.25% 102.50% 102.41% 97.21% 95.49% 1,726 1,719 1,470 1,506 1,448 2.65% 2.66% 2.73% 3.19% 3.29% 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 Total Loans (3.5) (0.5) QoQ YoY 53,81
Slide 19: Thank You
usun oak s1gsiUAAasy VINA (UKIU) THANK YOU AAAAA TRIS_ A- SET RATING
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