TISCO Financial Group Public Co. Ltd. · SET:TISCO
TISCO Financial Group Public — Q3 2023 Earnings Presentation
31 slides from TISCO Financial Group Public's earnings presentation, November 2023
Slide 1: TISCO Financial Group Performance Result for 3Q2023
TISCO Financial Group Public Co., Ltd. Performance Result for 3Q2023
Slide 2: TISCO Overview
TISCO TISCO Overview
Slide 3: Company Profile
Company Profile Timelines 2018 2014 Completed the sale of Business Model Expanded personal loan and credit card Microfinance to Citibank N.A. “Selective Focus” through the brand Universal Bank “Somwang” 2008 2020 Restructured into holding company structure Co-Brand Alliance with CG Scoring 1973 Jeff
Slide 4: TISCO Group Structure
TISCO Group Structure TISCO TISCO Financial Group Plc.* 1 ' n o T T 1 1 1 Hl 1 Hl 99.99% 100% 40% 1 100% 100% 1 100% 100% 100% 100% 1 1 1 1 TIScO 1 TISCO TISCO Asset | 1 TIScO TISCO TISCO TISCO Bank Hi-Way 3 H Infermation All-Ways Tokyo Leasing Securities Management Insurance Solution Learning Cente
Slide 5: TISCO Businesses
TISCO Businesses Retail Banking • Auto & Motorcycle Hire Purchase • TISCO Auto Cash • Mortgage Loan • SME & Inventory Financing • Life & Non-Life Insurance Corporate Banking • Corporate Lending & Financial Advisory • Investment Banking • Corporate Insurance Wealth & Asset Management • Deposit Servic
Slide 6: Consolidated Loan Portfolio
Consolidated Loan Portfolio Unit: Million Baht Thailand’s First Car Acquired Retail Buyer Scheme Banking Business from SCBT Sale of Personal Loan & Credit Card to Citibank Covid-19 Outbreak Took over Primus & GMAC Started SME Division Upgraded to Commercial Bank Growth 9.2% 56.6% -7.5% 22.4% 14.7% 1
Slide 7: Profitability
Profitability Profitability for the past decade Unit: Million Baht Growth 16.0% 45.3% 13.1% 13.4% 14.7% 0.0% 0.0% 17.8% 21.7% 15.2% 3.6% (16.6%) 11.9% 6.5% 1.9% YoY 7
Slide 8: Business Profile as of 9M2023
Business Profile as of 9M2023 Loan Profile Revenue Mix 8
Slide 9: Share Capital Information
Share Capital Information Total Shares 800,655,483 Ordinary Shares 800,645,624 Preferred Shares 9,859 No. of Shareholders (as of 7 Sep 2023) 60,931 Foreign Shareholders 170 Local Shareholders 60,761 Shareholders by type (as of 7 Sep 2023) Institutional 63.6% Individual 39.4% *As of 30 Sep 2023 Forei
Slide 10: Recognitions and Awards
Recognitions and Awards Best Public Company Financials Industry 2023 (3rd Year) from Money & Banking Awards Best Mutual Fund 2023 Foreign Fix Income Fund (TUSFIX) from Money & Banking Awards Outstanding Company Performance Award from SET Awards 2022 Outstanding Deal Awards from SET Awards 2022 Busin
Slide 11: Sustainability Development
Sustainability Development For more information: https://www.tisco.co.th/en/sd/sustainability/index.html 11
Slide 12: Financial Results
TISCO Financial Results
Slide 13: 3Q2023 Performance Summary
3Q2023 Performance Summary Loan Growth Loan grew by 0.6% (QoQ) and 5.8% (YTD) mainly from corporate lending and Auto Cash loan expansion. Net Interest Income & NIM Net interest income increased along with loan expansion, whereas loan spread was compressed due to rising cost of fund and is likely to
Slide 14: Consolidated Income Statements
Consolidated Income Statements Unit : Million Baht 3Q22 2Q23 3Q23 % QoQ % YoY 9M22 9M23 % YoY Interest Income 3,755 4,397 4,666 6.1 24.3 10,927 13,198 20.8 Interest Expenses (533) (978) (1,110) 13.5 108.1 (1,538) (2,935) 90.8 Net Interest Income 3,221 3,420 3,557 4.0 10.4 9,389 10,263 9.3 Fee & Serv
Slide 15: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht -0.2% +3.2% -0.3% +4.9% QoQ YTD QoQ YTD Unit : Million Baht 2022 2Q23 3Q23 % QoQ % YTD Unit : Million Baht 2022 2Q23 3Q23 % QoQ % YTD Loans 219,004 230,494 231,794 0.6 5.8 Deposits & 198,983 208,303 207,433 (0.4) 4.2 Bor
Slide 16: Loan Portfolios
Loan Portfolios Total Loans Unit: Million Baht -0.1% +0.6% +5.8% QoQ QoQ YTD Retail Loans +0.5% YTD +2.6% QoQ Corporate Loans +29.8% YTD Loans by sectors -1.1% QoQ SME Loans -12.1% YTD 16
Slide 17: Retail Loan Portfolio Breakdown
Retail Loan Portfolio Breakdown Unit: Million Baht -0.1% QoQ +0.5% YTD -1.7% QoQ -4.1% YTD +2.8% QoQ +3.7% QoQ +11.2% YTD -3.0% QoQ +2.8% QoQ +10.1% YTD -8.8% YTD +5.3% YTD 17
Slide 18: TISCO Auto Cash
TISCO Auto Cash Auto Cash Loans Unit: Million Baht Auto Cash +2.8% +11.2% QoQ YTD Somwang +4.7% +17.4% QoQ YTD Loan Generated through Somwang channel Somwang Branches 18
Slide 19: Industry Car Sale & Penetration Rate
Industry Car Sale & Penetration Rate Industry New Car Sale TISCO’s Auto HP Penetration Rate TISCO’s Penetration Rate (%) Industry Car Sale (‘000 units) Industry Car Sale -7.4% 9M YoY 19
Slide 20: Interest Income & NIM
Interest Income & NIM Yield on Loans Net Interest Income Unit: Million Baht Loan Spread +9.3% YoY +4.0% +10.4% QoQ YoY Cost of Funds Loan Spread NIM 20
Slide 21: Asset Quality
Asset Quality Loan Classification Non-Performing Loans Unit: Million Baht Unit: Million Baht NPLs Stage 2 Stage 1 2022 2Q23 3Q23 NPLs by Loan Types Million Baht % Million Baht % Million Baht % Corporate - - - - - - SME 87 0.6 66 0.5 92 0.7 Hire Purchase 2,606 2.4 2,783 2.6 2,837 2.6 Mortgage 840 8.2
Slide 22: Expected Credit Loss
Expected Credit Loss Expected Credit Loss Unit: Million Baht Allowance for ECL Unit: Million Baht Coverage Ratio Excess Reserve Expected Credit Loss (ECL) 22
Slide 23: Funding
Funding Total Funding Unit: Million Baht -0.4% +4.2% QoQ YTD Unit : Million Baht 2022 2Q23 3Q23 % QoQ % YTD Current 1,821 1,469 1,423 (3.1) (21.9) Savings 42,930 33,656 31,767 (5.6) (26.0) Fixed Deposits 143,515 164,232 167,607 2.1 16.8 Short-Term Bill of Exchanges 37 36 36 - (2.2) Senior Debentures
Slide 24: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Data as of 9M2023 Unit: Million Baht -3.0% YoY +1.4% -4.7% QoQ YoY Unit : Million Baht 3Q22 2Q23 3Q23 % QoQ % YoY 9M22 9M23 % YoY Ba nki ng Fee 852 787 800 1.7 (6.1) 2,464 2,389 (3.1) Banc
Slide 25: Asset Management Business
Asset Management Business Assets Under Management Rank #1 Unit: Million Baht +1.1% +1.5% Provident Fund QoQ YTD +1.3% QoQ +1.2% YTD Rank #12 Mutual Fund -3.6% QoQ -0.3% YTD Rank #9 Rank #6 Private Fund +4.0% QoQ +3.9% YTD 25
Slide 26: Brokerage Business
Brokerage Business TISCO Trading Volume & Market Share Unit: Million Baht Trading Volume by Customers 26
Slide 27: Operating Expenses
Operating Expenses Operating Expenses Unit: Million Baht +9.9% Cost to Income Ratio YoY -2.1% +8.6% QoQ YoY Unit : Million Baht 3Q22 2Q23 3Q23 % QoQ % YoY 9M22 9M23 % YoY Empl oyee Expens es 1,511 1,603 1,611 0.5 6.6 4,559 4,784 4.9 Premi s es & Equi pment Expens es 161 208 206 (0.9) 27.7 498 602 20
Slide 28: Capital Adequacy
Capital Adequacy Capital Base of TISCO Bank Unit: Million Baht Capital Adequacy Ratio BIS Ratio Tier I Ratio Min. Required by BOT 11.0% BIS Ratio 8.5% Tier I Ratio 28
Slide 29: Employees and Branch Network
Employees and Branch Network Total Employees Number of Employees Total Branch Network Somwang Loan Offices Bank Branches 29
Slide 30: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/49 TISCO Tower, North Satorn Road, Silom, Bangrak, Bangkok, 10500, Thailand +(66) 2633 6868 ir@tisco.co.th www.tisco.co.th Disclaimer This presentation material may contain forward-looking statements. These forward-looking statements
Slide 31: TISCO
TISCO
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