Entie Commercial Bank · TWSE:2849
Entie Commercial Bank — Q2 2023 Earnings Presentation
14 slides from Entie Commercial Bank's earnings presentation, Sep 6, 2023
Slide 1: 2023Q2 Investor Conference
2023Q2 Investor Conference Vivian Chen, CFO September 6, 2023
Slide 2: Notice
Notice Certain information contained herein constitutes “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue”, or “believe” or variations thereon or comparab
Slide 3: Snapshot of EnTie
Snapshot of EnTie Company Overview Selected Key Metrics / Ratio (NT$ million) 2021 2022 1H23 EnTie is one of the 16 “new” private banks established in the wave of liberalization of Statements of Comprehensive Income Taiwan’s banking industry in early 1990’s Net Interest Income 3,675.90 4,029.68 1,
Slide 4: 2023 Strategies
2023 Strategies 風控法遵機制 Risk Governance Drive Stable Earning Growth Implement In response to trends and supervision Expand target customer and niche market, directions, effectively control sales, transaction Risk steadily expand high-quality credit assets, Governance & processes and post-loan cre
Slide 5: 1H23 Performance Summary
1H23 Performance Summary Operation Overview Net Revenue of NT$2.97Bn in 1H23. In order to strengthen asset quality, the Bank write-off bad debt in 1H23. Net Income and EPS reached NT$71.99MM and NT$0.04, respectively. 1H23 net revenue and net income decreased by 5% and 94% on YoY basis, respective
Slide 6: Profitability
Profitability Net Interest Income Net Fee Income NT$m；% NT$m；% 2,010 910 769 1,734 +18% 480 -14% 880 430 854 +3% +12% 1H22 1H23 1Q23 2Q23 1H22 1H23 1Q23 2Q23 Net Revenue Net Income NT$m；% NT$m；% 3,136 1,149 1,552 2,970 -5% 1,418 -94% +212% +9% 659 72 (587) 1H22 1H23 1Q23 2Q23 1H22 1H23 1Q23 2Q23 6
Slide 7: Key Ratios
Key Ratios NIM Spread +4bps +5bps 0.93% 1.07% -28bps 1.23% 1.19% -19bps 0.91% 1.04% 0.89% 1.02% 1H22 1H23 1Q23 2Q23 1H22 1H23 1Q23 2Q23 Operating Expense & Cost to Income Ratio Provisions NT$m；% NT$m；% 48.86% 52.37% 53.83% 51.04% 1,421 1,395 1,470 1,556 764 792 +6% +4% 317 (26) 1H22 1H23 1Q23 2Q23 1
Slide 8: Revenue Composition
Revenue Composition Net Revenue Net Fee Income NT$ bn NT$ bn 3.14 2.97 0.91 0.36 0.77 0.33 0.12 0.77 0.91 0.11 0.19 1.55 0.15 0.48 1.42 0.43 0.18 0.19 0.05 0.14 0.22 0.07 0.48 0.11 2.01 0.43 0.08 1.73 0.09 0.09 0.42 0.85 0.88 0.29 0.19 0.23 1H22 1H23 1Q23 2Q23 1H22 1H23 1Q23 2Q23 NII NFI Other Loan
Slide 9: Balanced Loan Composition
Balanced Loan Composition Optimized risk and return in pursuit of a balanced portfolio Corporate Loans : 50% Retail Loans : 50% NT$ bn NT$ bn NT$112.5bn NT$111.3bn 114.1 112.5 111.3 110.2 110.3 0.2 0% 0.2 0% 0.2 0% 106.4 0.0 0% 2.4 2% 4.4 4% 5.9 5% 0.0 0% 0% 0.3 22.4 20% 20.8 18% 19.0 17% 0.1 0% 0.4
Slide 10: Stable Customer Deposits Base
Stable Customer Deposits Base Deposit Balance Split Deposits Evolution % NT$ bn 48% 47% 49% 305.4 302.3 52% 53% 51% 283.9 54.7 18% 59.3 20% 2021.12.31 2022.12.31 2023.6.30 49.0 17% Corporate Retail Gross Loan / Deposits % 162.1 57% 182.2 60% 173.8 57% 76.3% 73.5% 74.1% 72.8 26% 68.5 22% 69.2 23% 202
Slide 11: High Quality Investment Portfolio
High Quality Investment Portfolio Conservative and transparent investment portfolio, dominated by money market and high quality fixed income product Investment Portfolio (2023/6/30) Stock 0% Items NT$ m Gov’t Bonds CBC NCD 8% 2023/6/30 36% Corporate bonds Government bonds 7,286 23% Commercial Overse
Slide 12: Assets Quality
Assets Quality Improving underwriting quality and enhanced collection efforts help reduce future NPL influx and increase bad debt recovery NPL and NPL Ratios LLR and Coverage NT$m；% NT$m；% 6,000 2.00% 5,000 0.57% 0.59% 0.86% 6,000 264.61% 310.12% 1.00% 5,000 160.07% 400.00% 4,000 0.00% 4,086 4,000 3
Slide 13: Strong Capitalization
Strong Capitalization Strong and high quality capitalization provides significant cushion for long term business development. The Bank will strengthen profitability in order to achieve organic capital growth CAR Ratio Tier 1 & CET 1 Ratio ％ ％ 17.69% 16.32% 16.30% 16.16% 1.19% 14.99% 14.99% 14.33% 1.
Slide 14: Leading Capital Strength
Leading Capital Strength Ranking of CET 1 of 2023.3.31 % CET1 2021 2022 2023.3.31 EnTie 16.50% 15.12% 15.19% Ranking 2 4 3 NO.3 20.46 Industry Avg. 11.96% 12.13% 11.52% 18.93 Avg.： 15.19 14.99 14.47 13.6 13.57 13.06 12.63 12.41 12.25 12.15 12.13 11.69 11.52% 11.53 11.37 11.34 11.32 11.11 10.72 10.68
EnTie Commercial Bank — Q2 2023 Earnings Presentation on 6ix