21 slides from Tisco Financial Group Public's earnings presentation, Jul 12, 2012
Slide 1: TISCO Financial Group Analyst Presentation 2Q/2012
TISCO Financial Group Public Co., Ltd. Analyst Presentation 2Q/2012 12 July 2012 1
Slide 2: Consolidated Income Statements
Consolidated Income Statements Unit: Million Baht 2Q11 1Q12 2Q12 %QoQ %YoY 1H11 1H12 %YoY Interest income 3,010 3,413 3,617 6.0 20.2 5,722 7,030 22.9 Interest expense (1,135) (1,848) (1,888) 2.2 66.4 (2,015) (3,736) 85.4 Net interest income 1,875 1,566 1,729 10.4 (7.8) 3,707 3,294 (11.1) Fee and ser
Slide 3: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht 0.9%QoQ Unit: Million Baht 0.5%QoQ 4.6%YTD 5.0%YTD 232,980 214,645 Other Liabilities 220,718 230,886 Other assets 204,406 215,794 Debentures Interbank & MM LT Borrowings 84% 91% Investments 84% 83% 80% 81% Interbank & MM Loans Deposits & S
Slide 4: Loan Portfolio
Loan Portfolio Total Loan Portfolio Unit: Million Baht 7.9%QoQ 13.5%YTD 209,970 185,014 194,561 Other Loans 18% 16% 17% SME Loans 72% Corporate Loans 74% 74% Retail Loans 2011 1Q12 2Q12 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht 23.7%QoQ Unit: Million Baht 13.4%QoQ
Slide 5: Retail Loan Portfolio
Retail Loan Portfolio Retail Loan Portfolio HP New Car, Consumer 71.2% Finance, 9.5% Others, 0.9% HP Used Car, 18.4% New Car HP Used Car HP Car Pledge Financing Unit: Million Baht Unit: Million Baht 8.8%QoQ Unit: Million Baht 9.8%QoQ 4.9%QoQ 8.1%YTD 19.4%YTD 21.8%YTD 102,995 107,997 27,894 99,866 25
Slide 6: Retail Loan Portfolio Breakdown
Retail Loan Portfolio Breakdown 2011 1Q12 2Q12 HP New Car, HP New Car, Consumer HP New Car, 73.0% Consumer 71.9% Consumer Finance, 8.9% 71.2% Finance, 9.3% Finance, 9.5% Others, 1.0% Others, 0.9% Others, 0.9% HP Used Car, HP Used Car, HP Used Car, 17.1% 17.9% 18.4% 6
Slide 7: Industry Car Sales and Penetration Rate
Industry Car Sales and Penetration Rate Industry New Car Sales Units 2010 2011 2012 140,000 120,000 100,000 80,000 60,000 40,000 20,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TISCO Auto HP Penetration Rate No. of New Car Sales ('000 Units) Penetration Rate (%) 800.4 794.1 12.0% 12.3% 11.5%
Slide 8: Loan Spread
Loan Spread Loan Spread, Yield on Loans and Cost of Funds 7.7 7.2 7.3 7.1 7.0 6.9 6.9 6.9 6.8 6.7 6.8 6.7 6.6 6.7 6.7 6.6 6.5 % Yield on loans 5.1 5.1 4.8 4.8 4.8 4.8 4.8 4.4 % Loan spread 4.3 4.1 3.7 3.9 3.7 3.7 3.7 3.6 3.7 3.5 3.1 3.1 2.9 3.4 3.0 2.7 2.5 3.1 % Cost of funds 2.1 2.2 1.9 1.9 2.0 2.6
Slide 9: Asset Quality
Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 2.5% 1.8% 1.6% 1.4% 1.6% 1.4% 1.4% 1.3% 1.2% 2,807 2,654 2,835 2,820 2,761 2,612 2,579 2,612 2,274 2009 2010 2011 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 2011 1Q12 2Q12 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Million Baht) (%)
Slide 10: Provisions
Provisions Provision Expense and Credit Cost Unit: Million Baht Provision expense (Million Baht) % Credit cost 1.4% 1.5% 1.2% 1,947 0.8% 0.9% 0.9% 0.8% 0.7% 0.7% 1,554 0.5% 1,283 851 591 352 328 302 302 260 2009 2010 2011 1H12 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 Minimum Required Provision vs Actual Provis
Slide 11: Deposits
Deposits Total Deposits & Bill of Exchanges Unit: Million Baht 1.5% QoQ 5.6% YTD 176,376 183,639 186,323 LT Bill of Exchanges 50% ST Debentures 75% 71% ST Bill of Exchanges 29% Fixed Deposits 10% 10% 15% CASA 12% 13% 2011 1Q12 2Q12 Unit: Million Baht 2011 1Q12 2Q12 %QoQ %YTD Current 3,423 3,400 3,41
Slide 12: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 23.1% YoY 2.2% QoQ 26.4% YoY IB, 1.2% 2,152 Bancassurance, 1,748 Brokerage, 13.0% 40.9% Banking, 73.3% 1,064 1,087 HP Related, 860 AM, 12.6% 28.3% Other Banking, 4.1% 1H11 1H12 2Q11 1Q12 2Q1
Slide 13: Asset Management Business
Asset Management Business TISCO Asset under Management Unit: Million Baht 5.0% QoQ 11.6% YTD Rank #7 151,720 144,488 135,950 28% 26% Private Fund 27% 12% 15% 10% Mutual Fund 63% 60% 59% Provident Fund 2011 1Q12 2Q12 Provident Fund Private Fund Mutual Fund Unit: Million Baht Unit: Million Baht Unit:
Slide 14: Brokerage Business
Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 333,211 321,303 219,379 2.7% 2.9% 2.9% 2.6% 2.7% 2.8% 2.5% 2.4% 2.6% 2.9% 165,552 94,069 85,868 82,899 82,653 73,554 67,813 2009 2010 2011 1H12 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 Remark: Market share exc
Slide 15: Operating Expenses
Operating Expenses Cost to Income Ratio Cost to Total Assets Ratio Cos t-to-i ncome Cos t-to-income net * Cos t to total a s s ets Cos t to tota l as s ets - net * 46.4% 51.7% 45.5% 47.8% 47.8% 44.4% 43.3% 43.6% 44.1% 39.9% 2.6% 2.5% 2.7% 2.4% 2.5% 2.5% 2.5% 2.1% 2.1% 2.0% 1H11 1H12 2Q11 1Q12 2Q12 1
Slide 16: Capital Adequacy
Capital Adequacy Capital Adequacy Ratio of TISCO Bank 17.0% 15.2% 14.9% 14.9% 14.9% 14.0% 14.6% 14.3% 13.8% 14.5% 10.8% 9.9% 9.9% 9.8% 9.9% 9.6% 9.4% 11.3% Capital Base (Million Baht) 18,493 18,553 18,493 18,984 19,273 17,751 17,795 16,227 BIS Ratio (%) 13,758 Tier I (%) 2009* 2010 2011 1Q11 2Q11 3Q
Slide 17: Interest Rate Risk
Interest Rate Risk Duration of Assets and Liabilities Unit: Years Assets Liabilities Duration Gap 1.62 1.57 1.56 1.53 1.56 1.53 1.50 1.54 1.48 1.00 0.90 0.92 0.88 0.89 0.91 0.86 0.88 0.84 0.71 0.62 0.65 0.67 0.64 0.64 0.65 0.64 0.59 2009 2010 2011 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 17
Slide 18: Employee and Branch Network
Employee and Branch Network 2009 2010 2011 1Q12 2Q12 No. of Employee 2,904 3,055 3,335 3,395 3,515 TISCO Bank’s Branch 43 45 47 47 46 - Bangkok 21 22 24 24 23 - Upcountry 22 23 23 23 23 TISCO Leasing’s Branch - 4 10 12 12 - Bangkok - - - - - - Upcountry - 4 10 12 12 Hi-Way’s Branch 1 1 1 4 13 Total
Slide 19: Disclaimer
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 from those in the forward looking statements as a result of various factors. TISC
Slide 20: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Thailand Tel: +66-2-633-6868 Fax: +66-2-633-6855 Email: ir@tisco.co.th Website: www.tisco.co.th 20
Slide 21: TiS Wealth of Possibilities
. TiS Wealth of Possibilities