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

Tisco Financial Group Public — FY2009 Earnings Presentation

31 slides from Tisco Financial Group Public's earnings presentation, Jan 14, 2010

  1. Slide 1: TISCO Financial Group Analyst Presentation 4Q09 & FY09 Results

    TISCO Financial Group Public Co., Ltd. Analyst Presentation 4Q09 & FY09 Results 14 January 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 res

  2. Slide 2: Agenda

    Agenda I. 2009 Achievements II. Financial Performance III.Operational Updates 2

  3. Slide 3: Major Business Developments

    Major Business Developments Announced new holding company structure Acquired “Primus” Celebrated TISCO Acquired HP Partnered w/ Chevrolet in 40th anniversary portfolio of providing floor-plan “GMAC” financing 2009 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Issued Bt 2bn tier II subordinated deb

  4. Slide 4: Financial Highlights

    Financial Highlights Loan Growth Fee Income from Core Businesses Loan Growth Fee Income (Million Baht) Organic Loan Growth % Fee Income Growth 19.3% YoY QoQ YoY QoQ 15.8% 21.5% 34.4% 18.5% 11.3% 15.2% 19.3% 13.8% 15.8% 3.2% 7.0% 2,864 -11.5% 9.8% 2,357 4.1% 2,046 1.7% 4.1% 1.2% 876 3.1% 533 716 739

  5. Slide 5: Awards and Recognitions

    Awards and Recognitions “Best Managed Companies Award” “Best Bank in Thai Baht for small cap company in Thailand Corporate Bonds 2009” by AsiaMoney Magazine by The Asset Magazine “Excellent CG Scoring” by The National CG Committee, Thai Institute of Directors (IOD) supported by SET and SEC A Finalis

  6. Slide 6: Agenda

    Agenda I. 2009 Achievements II. Financial Performance III.Operational Updates 6

  7. Slide 7: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest inco

  8. Slide 8: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest inco

  9. Slide 9: Interest and Dividend Income

    Interest and Dividend Income Interest Income Performance Interest Income Breakdown Unit: Million Baht 11.7% YoY Investment 1.6% QoQ Interbank 7% & MM 8,473 7,586 Investment 2% 6,944 Loans Interbank & MM 15% Loans HP & 76% 75% Finance 74% 1,965 2,128 2,162 76% HP & Finance 74% 77% 77% 2007 2008 2009

  10. Slide 10: Loans Portfolio

    Loans Portfolio Loan Growth Loan Breakdown 13.8%YoY Manufacturing Others & commerce Real estate & 116,781 117,353 0.5%QoQ 5% 9% construction 103,110 Housing 6% Public utilities 86,420 1% & services Other Loans 3% 77% 75% Hire Purchase 75% Agricultural & 75% mining Corporate Loan Hire 0% 18% 19% 19%

  11. Slide 11: Hire Purchase Business

    Hire Purchase Business TISCO New HP Business HP Portfolio Breakdown Value (Million Baht) Volume (Units) Used cars, 18% 90,290 90,316 82,793 41,449 41,975 37,017 20,584 22,613 21,165 25,954 New cars, 12,299 82% 9,341 10,457 9,878 2007 2008 2009 1Q09 2Q09 3Q09 4Q09 Bangkok, 45% Industry Car Sales and

  12. Slide 12: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest inco

  13. Slide 13: Spread and Margin

    Spread and Margin Yield on Loans and Cost of Funds 7.6 7.3 7.2 7.1 7.0 7.0 7.0 4.1 Yield on loan 3.5 3.0 2.1 1.8 Cost 2.1 1.7 2007 2008 2009 1Q09 2Q09 3Q09 4Q09 Loan Spread and Net Interest Margin 5.3 5.1 5.0 4.9 4.2 5.0 5.0 3.8 4.7 4.7 Loan spread 3.6 4.0 3.7 3.5 NIM 2007 2008 2009 1Q09 2Q09 3Q09 4

  14. Slide 14: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest inco

  15. Slide 15: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest 250

  16. Slide 16: Non-Interest Income

    Non-Interest Income Non-Interest Income Non-Interest Income Breakdown Unit: Million Baht 2,864 2,357 19% 2,046 Brokerage, Bancassur 22% 22% IB fee 19% ance, 16% 31% 21% Brokerage fee Other, 57% 23% 876 AM, 22% Others, 739 AM fee 41% 57% 602 19% 54% 21% 17% 44% 23% 25% Banking fee 15% 62% 59% 53% 200

  17. Slide 17: Asset Management Business

    Asset Management Business TISCO Assets Under Management Unit: Billion Baht 15.2%YoY Rank #7 123.3 114.4 107.7 107.0 12% 13% 14% 14% 31% 22% 29% 28% Mutual Fund Private Fund 58% 64% 58% 57% Provident Fund 2007 2008 3Q09 2009 Provident Fund Private Fund Mutual Fund Unit: Billion Baht 2.8%YoY Unit: Bil

  18. Slide 18: Brokerage Business

    Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 257,062 206,228 219,102 3.1% 2.9% 2.9% 2.8% 3.0% 3.1% 2.7% 63,638 63,370 66,244 25,849 2007 2008* 2009* 1Q09* 2Q09* 3Q09* 4Q09* Remark: * Market share excluding brokers’ proprietary trading TISCO Tr

  19. Slide 19: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest inco

  20. Slide 20: Cost Structure

    Cost Structure Operating Expenses Structure Cost to Income Ratio Unit: Million Baht 27% 67.7% 4,461 51.4% Other expenses 49.7% 50.4% 48.5% 16% 44.3% 3,234 Directors' remuneration 43.8% 44.6% 2,948 18% Fees & service exp Taxes & duties 1,264 1,235 Premises & equip exp 46% 838 50% 51% Personnel expens

  21. Slide 21: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 4Q08 3Q09 4Q09 %QoQ %YoY 2008 2009 %YoY Interest income 1,965 2,128 2,162 1.6 10.0 7,586 8,473 11.7 Interest expense (976) (529) (509) (4.0) (47.9) (3,424) (2,492) (27.2) Net interest income 989 1,598 1,653 3.4 67.1 4,162 5,981 43.7 Non-interest inco

  22. Slide 22: Assets Quality and Loan Loss Provision

    Assets Quality and Loan Loss Provision NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 4.3% 2.9% 2.8% 2.9% 3,751 2.5% 2.6% 2.5% 2,984 3,037 3,196 2,807 2,903 2,807 2007 2008 2009 1Q09 2Q09 3Q09 4Q09 Provision Expenses Required vs Actual Provision Unit: Million Baht Provision % Credit cost Unit:

  23. Slide 23: NPA and Special Provision

    NPA and Special Provision NPA and Special Provision for NPA Unit: Million Baht NPA - Property / Real Estate Special Provision 1,041 1,011 1,000 982 735 537 537 537 537 406 145 29 43 47 2007 2008 2009 1Q09 2Q09 3Q09 4Q09 23

  24. Slide 24: Assets & Liabilities

    Assets & Liabilities Assets Liabilities Unit: Million Baht 10.0%YoY Unit: Million Baht 10.1%YoY 4.5%QoQ 86,580 114,637 120,771 126,229 4.5%QoQ 98,953 126,173 116,059 138,748 Other Liabilities Other assets Interbank & MM LT Borrowings Investment Interbank 65% 61% 62% 62% Other Retail Loans 79% 88% 87

  25. Slide 25: Deposits and ST Borrowings

    Deposits and ST Borrowings Deposits & ST Borrowings Unit: Million Baht 9.9%YoY 104,520 110,507 100,591 5.7%QoQ 11% 24% 23% 68,459 6% 28% 47% 32% Current & Savings 46% Fixed Deposits 45% 49% 42% 48% ST Borrowings 2007 2008 3Q09 2009 Retail Deposits CASA Loans / Deposits & BEs 126.2% 23.6% 22.9% 102.5

  26. Slide 26: Capital

    Capital Capital Adequacy Ratio Unit: Million Baht 17.00% 17.00% 15.47% 14.37% 14.50% 14.50% 11.94% 12.54% 15,232 11.75% 14,864 Capital Base 13,782 13,782 12,831 11.58% 11.20% 10.99% 10.16% 10.13% BIS Ratio (%) 10,896 10,386 Tier I 2007 2008 2009 1Q09 2Q09 3Q09 4Q09 Risk-Based Capital Breakdown 3Q09

  27. Slide 27: Interest Rate Risk

    Interest Rate Risk Duration of Assets and Liabilities Unit: Years Assets Liabilities Duration Gap 1.62 1.62 1.50 1.48 1.51 1.41 1.35 1.01 1.00 0.89 0.91 1.00 0.84 0.76 0.62 0.74 0.67 0.62 0.52 0.57 0.34 2007 2008 2009 1Q09 2Q09 3Q09 4Q09 27

  28. Slide 28: Agenda

    Agenda I. 2009 Achievements II. Financial Performance III.Operational Updates 28

  29. Slide 29: New Products and Services

    New Products and Services - TISCO Cash M Savings - TISCO Special Plus Fund #6 - #12 - TISCO Friend-get-Friends - TISCO Asia Pacific ex Japan Trigger 15% Fund #3 - TISCO Auto Cash - TISCO Oil Fund - “Love Mom Savings” Campaign - TISCO Gold Fund - TISCO Special Australia Bond Fund - TISCO Korea Fixed

  30. Slide 30: Employee & New Branches

    Employee & New Branches 2007 2008 3Q09 4Q09 No. of Employee 2,347 2,662 2,865 2,904 No. of Branch 27 34 42 43 - Bangkok * 8 12 20 21 - Upcountry 19 22 22 22 Remark: * Including Head Office branch Branch #34 - Branch #38 - “Siam Paragon” “Ratchadapisek - Huay Khang” Branch #39 - “Central – Rama III”

  31. Slide 31: 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 31

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