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

Tisco Financial Group Public — TISCO Bank Public Company — Q2 2008 Earnings Presentation

25 slides from Tisco Financial Group Public's earnings presentation, 2008

  1. Slide 1: Analyst Meeting 2Q/2008

    Analyst Meeting 2Q/2008 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

  2. Slide 2: Agenda

    Agenda • Financial Highlights • Financial Performance • Operational Activities and Updates • Progress on Holding Company Restructuring • Q&A 2

  3. Slide 3: Financial Highlights

    1 TISCO Bank Financial Highlights

  4. Slide 4: Major Achievements

    Major Achievements Increasing PPOP & Net Profit Loan Growth 10.2% YTD Unit: Million Baht PPOP Net Profit Unit: Billion Baht 1,778 86.4 90.3 1,222 74.6 63.9 828 950 930 794 629 501 438 429 2Q07 1Q08 2Q08 1H07 1H08 2006 2007 1Q08 2Q08 Increasing fee income from core businesses Improved Brokerage Marke

  5. Slide 5: Financial Performance

    1 TISCO Bank Financial Performance

  6. Slide 6: Consolidated Financial Summary

    Consolidated Financial Summary Unit: Million Baht 2Q08 1Q08 2Q07 %QoQ %YoY 1H08 1H07 %YoY Interest income 1,878 1,804 1,882 4.1 (0.2) 3,682 3,568 3.2 Interest expense (798) (760) (998) 5.0 (20.0) (1,558) (1,927) (19.2) Net interest income 1,080 1,044 885 3.5 22.1 2,124 1,641 29.4 Non-interest income

  7. Slide 7: Interest Income

    Interest Income Interest Income Performance 2Q08 Interest Income Breakdown Unit: Million Baht Investment 3,501 3,682 Interbank & 6% MM 542 4% 503 Investment Loans 1,821 1,804 1,878 Interbank & MM 15% 269 273 2,794 250 2,512 Loans HP & Finance 1,260 1,382 1,413 HP & Finance 75% 2Q07 1Q08 2Q08 1H07 1H

  8. Slide 8: Net Interest Margins

    Net Interest Margins NIM and Loan Spread (%) 5 4.1 4.0 4.2 4.0 3.6 3.8 4 3.3 4.0 4.0 3.9 4.0 3.0 3.8 Loan spread 2.9 3.5 3 3.3 3.0 NIM 2.5 2 1 2006 2007 1H08 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 Yield on Loans and Cost of Funds (%) 7.8 8 7.4 7.6 7.6 7.5 7.5 7.3 6.8 6.9 6 4.8 Yield on loan 4.4 4.3 4.1 3.8 C

  9. Slide 9: Loan Portfolio

    Loan Portfolio Strong Loan Growth Loan Breakdown by Industry Unit: Million Baht 5.5% QoQ Manufacturing Others & commerce Real estate & 100,000 90,261 construction 86,420 10.2% YTD 5% 7% 74,641 8% Housing 63,948 Public utilities 75,000 2% Other Loans & services 3% 50,000 75.1% 74.8% Hire Purchase Agr

  10. Slide 10: Hire Purchase Business

    Hire Purchase Business Industry New Car Sales & TISCO Penetration Rate New Car Sales (Thousand units) Total Car Sales Penetration Rate Market Growth 703 682 631 12.4% 13.3% 7.7% 9.4% 8.6% 8.6% 7.8% 9.8% 8.6% 10.0% 6.9% -3.0% -7.4% 239 270 154 159 180 161 138 2005 2006 2007 1Q07 2Q07 3Q07 4Q07 1Q08 5

  11. Slide 11: Non-Interest Income

    Non-Interest Income Non-Interest Income Performance 2Q08 Non-Interest Income Breakdown Unit: Million Baht 1,295 1,011 IB Trading 296 Trading 3% 16% 729 IB Banking 251 248 565 41% Brokerage Brokerage 511 161 199 135 22% 131 AM 116 131 122 588 AM 418 Banking 287 301 18% 218 2Q07 1Q08 2Q08 1H07 1H08 Un

  12. Slide 12: Asset Management Business

    Asset Management Business Market NAV TISCO Asset Under Management Unit: Billion Baht 7.4% YTD Unit: Billion Baht 5.4% YTD 2,228 113.5 2,024 2,064 107.7 112.3 Rank #8 13% 9% 14% 1,574 84.7 Mutual Fund 10% 25% 29% 28% 72% 69% 69% Mutual Fund 27% 66% Private Fund Private Fund 8% 9% 9% 62% 62% 58% 9% 63

  13. Slide 13: Brokerage Business

    Brokerage Business Market - Average Daily Trading Volume TISCO - Brokerage Value & Market Share Unit: Million Baht Unit: Million Baht 21,917 19,959 19,422 Brokerage Value Market Share 18,846 17,097 16,281 15,113 Market 3.3% 3.2% 3.0% 3.0% 3.0% 2.9% 11,800 5.9%QoQ 2.7% 2.3% 1,303 1,186 1,053 1,048 1,

  14. Slide 14: Operating Expenses

    Operating Expenses Increase in operating expenses, due mainly to growing no. of employee & branches and salary base Operating Expenses Unit: Million Baht 2Q08 1Q08 2Q07 % QoQ % YoY 1H08 1H07 % YoY Personnel expenses 463 407 355 13.9 30.5 870 657 32.5 Premises & equipment 148 144 123 2.9 20.3 292 235

  15. Slide 15: Balance Sheet

    Balance Sheet Assets Mix Liabilities Mix Unit: Million Baht 0.8% QoQ Unit: Million Baht 2.2% QoQ 84,781 98,953 109,017 109,877 11.0% YTD 13.8% YTD 72,099 86,579 96,413 98,565 Other assets Other Liabilities Interbank & MM Investment LT Borrowings 64% 65% 62% 65% Other Retail Loans 92% 87% 86% Interba

  16. Slide 16: Deposits and ST Borrowings

    Deposits and ST Borrowings Deposits & ST Borrowings Unit: Million Baht 1.5% QoQ 100,000 85,173 24.4% YTD 83,888 13% 7% Unit: Million Baht 2Q08 1Q08 2007 %QoQ %YTD 75,000 66,288 68,459 4% 6% 27% Current 2,776 6,663 2,089 (58.3) 32.9 57% Current & Savings 50,000 39% 48% Savings 2,896 4,356 2,158 (33.5

  17. Slide 17: Assets Quality and Duration Gap

    Assets Quality and Duration Gap Assets Quality Duration Gap Unit: Million Baht Unit: Years NPL Coverage Ratio Assets Liabilities Duration Gap 9,000 1.8 74.8% 79.5% 6,000 81.0% 73.0% 1.2 1.05 0.90 0.89 0.89 3,751 3,640 3,957 3,449 1.41 3,000 1.30 1.41 1.38 0.6 0.52 0.49 0.40 0.36 0 0.0 2006 2007 1Q08

  18. Slide 18: Risk-Based Capital Adequacy

    Risk-Based Capital Adequacy Capital Adequacy Ratio Unit: Million Baht 13.42% 11.94% 11.43% 12.73% 11.58% 10.20% 11.10% Capital Base 10.44% 12,683 12,604 BIS Ratio 12,374 11,312 Tier I 2006 2007 1Q08 2Q08 Risk-Based Capital Breakdown Operational Non-listed Listed Equity Risk Reserve Equity Derivative

  19. Slide 19: Operational Activities and Updates

    Operational Activities and Updates

  20. Slide 20: New Products & Services 1H08

    New Products & Services 1H08 Super Savings account Down Payment Savings • min deposit 100,000 baht • special for hire purchase customers • interest rate of 2.4% • no down payment • upto 2 withdrawals/month • using principal as collateral TIP Savings deposit • tax shield (T) Auto Savings • interest r

  21. Slide 21: Awards & Recognitions

    Awards & Recognitions Best Bond Awards 2007 Best Managed Company 2008 ThaiBMA Best Bond Awards 2007 Best Managed Company 2008 for for Best Dealer Compliance Thailand Best Mid-Cap by The Thai Bond Market Association by FinanceAsia 21

  22. Slide 22: Progress on Holding Company Restructuring

    Progress on Holding Company Restructuring

  23. Slide 23: Holding Company Restructuring Plan

    Holding Company Restructuring Plan The Holding co to be set up after the new Financial Institutions Business Act in effect in August Period Process Apr 2008 Received approval from Shareholders’ Meetings for the Holding Company Restructuring Jun 2008 Preparation with BOT, SEC and SET before submittin

  24. Slide 24: Group Structure after Restructuring

    Group Structure after Restructuring /1 100 100 100% 100% 100% 100% % % /2 /1 Holding Company to be listed on the Stock Exchange of Thailand /2 TISCO Bank to be delisted from the Stock Exchange of Thailand 24

  25. Slide 25: Investor Relations

    Investor Relations TISCO Bank Public Company Limited 48/2 TISCO Tower, North Sathorn Road Silom, Bangrak, Bangkok 10500 Tel. +66-2-633-6868 Email: IR@tisco.co.th Website: www.tisco.co.th 25

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