Ho Chi Minh City Securities Corp. · HOSE:HCM
Ho Chi Minh City Securities — Q2 2024 Earnings Presentation
10 slides from Ho Chi Minh City Securities's earnings presentation, Jul 24, 2024
Slide 1: Q2 & H1.2024 Earnings Call
hse Q2 & H1.2024 EARNINGS CALL
Slide 2: Highlights
Highlights The VN Index increased by over 10%, from 1,130 at the end of 2023 to 1,245. The average daily value surpassed 1 VND24,000 in H1.2024, up 80% YoY. In Q2.2024, HSC delivered VND859 billion in revenue and VND390 billion in profit, up 62% and 99% YoY respectively. 2 For H1, revenue was VND1,5
Slide 3: Summary
Summary Q2.2024 VND859 billion VND390 billion 6.4% 1 Revenue Profit before tax Brokerage market share 19% QoQ 13% QoQ 0.5% QoQ 62% YoY 99% YoY 1.4% YoY H1.2024 VND1,581 billion VND736 billion 1 VND18,542 billion Revenue Profit before tax Margin loan balance 55% YoY 110% YoY 109% YoY 22
Slide 4: Business Results
Business Results Business Results Q2.2023 Q2.2024 +/-% H1.2023 H1.2024 +/-% FY2024 Plan % completed (VND bn) Total revenue (*) 529 859 62% 1,018 1,581 55% 3,182 50% Operating expenses (*) 333 469 41% 667 845 27% 1,732 49% Profit before tax 196 390 99% 351 736 110% 1,450 51% Total assets 14,300 27,75
Slide 5: Revenue Structure | Q2.2024
Revenue Structure| Q2.2024 Securities Service Margin Lending 81% 62% 375 1% 6% 253 231 29% 20% 140 Q2.2023 Q2.2024 Q2.2023 Q2.2024 Prop. Investment Corporate Finance 44% 13% 7,557% 173 Securities Brokerage Margin Lending 153 Proprietary Investments Investment Baking 51 1 Q2.2023 Q2.2024 Q2.2023 Q2.2
Slide 6: Revenue Structure | H1.2024
Revenue Structure| H1.2024 Brokerage Services Margin Lending 72% 57% 1% 714 3% 468 454 21% 30% 272 H1.2023 H1.2024 H1.2023 H1.2024 Prop. Investment Corporate Finance 45% 20% 1,962% Brokerage Services Margin Lending 334 278 Proprietary Investments Investment Baking 52 3 H1.2023 H1.2024 H1.2023 H1.202
Slide 7: Expenses Structure | Q2.2024
Expenses Structure| Q2.2024 Variable expenses Fixed expenses 182 281 152 187 4 137 3 20 Other fixed expenses 21% 8 18 1% 17 Depreciation expense Other variable expenses 23% 8 26 122 54 18 0% Office related expenses 23 34 Interest expenses 12% 13 IT expenses 13% Commission 170% 20 86 Accrued bonus 17
Slide 8: Expenses Structure | H1.2024
Expenses Structure| H1.2024 Variable expenses Fixed expenses 365 488 302 357 8 7 240 36 16 Other fixed expenses 8% 33 37 15 Depreciation expense 2% 249 52 37 Other variable expenses 9% 99 44 Office related expenses 1% 58 Interest expenses 4% 28 IT expenses 16% 37 168% 141 Commission 159 Accrued bonu
Slide 9: Financial Position as of 30/06/2024
Financial Position as of 30/06/2024 Assets Liabilities & Equity 17,911 27,756 17,911 27,756 576 148 10,664 366 363 18,542 Other assets 57% 815 Other receivables 59% 8,312 12,135 Loans 53% 438 Owners equity 28% Bonds 250% 16,278 4,200 1,200 Stocks & fund certificates 67% 9,160 Other current payables
Slide 10: Thank You!
THANK YOU! HO CHI MINH CITY SECURITIES COMPANY AB Tower, 76A Le Lai, Ben Thanh Ward, D.1, Ho Chi Minh City www.hsc.com.vn | (8428) 38 233 299 9
Ho Chi Minh City Securities Corporation (HSC) — Q2 2024 Earnings Presentation on 6ix