Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — Q3 2011 Earnings Presentation
17 slides from Tisco Financial Group Public's earnings presentation, Oct 14, 2011
Slide 1: TISCO Financial Group Analyst Presentation 3Q/2011
TISCO Financial Group Public Co., Ltd. Analyst Presentation 3Q/2011 14 October 2011 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 dif
Slide 2: Consolidated Income Statements
Consolidated Income Statements Unit: Million Baht 3Q10 2Q11 3Q11 %QoQ %YoY 9M10 9M11 %YoY Interest income 2,408 3,010 3,312 10.0 37.6 6,906 9,034 30.8 Interest expense (654) (1,135) (1,570) 38.4 140.1 (1,810) (3,586) 98.1 Net interest income 1,753 1,875 1,741 (7.1) (0.7) 5,095 5,448 6.9 Fee and serv
Slide 3: Assets and Liabilities
Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht 4.3%QoQ 4.1%QoQ 20.7%YTD 22.3%YTD 198,421 206,869 191,384 183,760 171,408 156,550 Other assets Other Liabilities Debentures Interbank & MM 88% 88% 83% LT Borrowings 87% 82% Investments 79% Interbank & MM Loans Deposits &
Slide 4: Loan Portfolio
Loan Portfolio Total Loan Portfolio Unit: Million Baht 3.9%QoQ 21.4%YTD 181,738 174,979 7% 149,732 7% 16% 6% 16% 13% Other Loans SME Loans 73% 74% 75% Corporate Loans Retail Loans 2010 2Q11 3Q11 Retail Loans SME Loans Corporate Loans Unit: Million Baht Unit: Million Baht Unit: Million Baht 4.8%QoQ 1
Slide 5: Retail Loan Portfolio
Retail Loan Portfolio Retail Loan Portfolio Breakdown HP New Car, 74.6% Mortgage, 1.0% Auto Cash, 5.3% Top Up, 1.4% Motorcycle, 1.5% HP Used Car, 16.2% Auto Hire Purchase Loan Auto Cash Loan Top Up Loan Unit: Million Baht Unit: Million Baht Unit: Million Baht 4.1%QoQ 9.8%QoQ 42.0%QoQ 16.7%YTD 32.3%Y
Slide 6: Loan Spread
Loan Spread Loan Spread, Yield on Loans and Cost of Funds 7.1 7.1 7.0 7.0 7.0 7.0 6.9 6.9 6.7 6.8 6.8 6.7 6.6 6.5 % Yield on loans 5.1 5.1 5.1 4.8 4.9 4.8 4.8 4.7 4.5 % Loan spread 4.3 4.0 4.1 4.0 3.5 3.1 2.8 2.6 3.4 % Cost of funds 2.3 2.3 2.1 2.1 2.2 1.9 1.9 1.9 2.0 1.9 2009 2010 9M11 1Q09 2Q09 3Q
Slide 7: Asset Quality
Asset Quality NPL and NPL Ratio Unit: Million Baht Total NPL % NPL 2.5% 2.2% 2.1% 1.9% 1.8% 1.8% 1.6% 1.6% 1.2% 2,807 2,654 2,633 2,636 2,646 2,654 2,579 2,835 2,274 2009 2010 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 2010 2Q11 3Q11 NPL by Loan Type (Million Baht) (%) (Million Baht) (%) (Million Baht) (%)
Slide 8: Provisions
Provisions Provision Expense and Credit Cost Provision expense (Million Baht) % Credit cost 1.8% 1.5% 1.7% 1.4% 1.4% 1.1% 1,947 0.9% 0.8% 0.7% 1,554 604 607 420 352 328 315 302 2009 2010 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Specific Provision vs Actual Provision Unit: Million Baht Specific Provision A
Slide 9: Deposits
Deposits Total Deposits & Bill of Exchanges Guaranteed & Non-guaranteed Deposits Unit: Million Baht 5.7% QoQ Unit: Million Baht 24.9% YTD 165,204 165,204 156,289 156,289 3% 132,309 4% 132,309 6% LT BEs 77% Non-guaranteed 78% 63% Deposits 74% ST BEs 74% 57% Fixed Deposits Guaranteed Deposits 14% 10%
Slide 10: Non-Interest Income
Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income Breakdown Unit: Million Baht 16.9%YoY 10.5%QoQ IB, 0.9% 8.9%YoY 3,047 Brokerage, Bancassurance, 2,607 17.4% 32.7% Banking Fee, 67.1% HP Related, 980 1,083 29.3% 995 AM, 14.6% Other Banking, 5.1% 9M10 9M11 3Q10 2Q11 3Q11
Slide 11: Asset Management Business
Asset Management Business TISCO Asset under Management Unit: Million Baht 3.3%QoQ 3.8%YTD 137,015 136,296 131,794 Rank #6 31% 29% 27% 13% 13% 11% Private Fund 61% Mutual Fund 56% 59% Provident Fund 2010 2Q11 3Q11 Provident Fund Private Fund Mutual Fund Unit: Million Baht Unit: Million Baht Unit: Mil
Slide 12: Brokerage Business
Brokerage Business TISCO Trading Volume and Market Share TISCO Volume (Million Baht) Market share (%) 333,211 253,490 219,379 2.7% 2.9% 2.8% 2.8% 2.6% 2.6% 2.7% 2.9% 2.5% 2.4% 108,053 101,738 94,069 85,868 73,554 60,023 63,398 2009 2010 9M11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Remark: Market share ex
Slide 13: Operating Expenses
Operating Expenses Cost to Income Ratio Cost Structure Others, 29.4% 45.1% 46.4% 44.4% 43.1% 40.4% Employee's Expenses, 50.5% Directors' Remuneration , 0.3% Taxes & 9M10 9M11 3Q10 2Q11 3Q11 Duties, 4.7% Premises & Equipments, 15.1% Unit: Million Baht 3Q10 2Q11 3Q11 %QoQ %YoY 9M10 9M11 %YoY Employee’
Slide 14: Capital Adequacy
Capital Adequacy Capital Adequacy Ratio of TISCO Bank 17.0% 15.2% 14.9% 13.8% 14.1% 11.9% 11.7% 14.5% 10.8% 9.8% 10.1% 11.6% 11.2% 11.3% 17,795 18,546 Capital Base (Million Baht) 17,751 16,227 13,758 BIS Ratio (%) 10,386 10,837 Tier I (%) 2007 2008 2009* 2010 1Q11 2Q11 3Q11 Remark: * Upgraded from B
Slide 15: Interest Rate Risk
Interest Rate Risk Duration of Assets and Liabilities Unit: Years Assets Liabilities Duration Gap 1.62 1.57 1.54 1.56 1.50 1.41 1.35 1.01 1.00 0.92 0.89 0.84 0.90 0.86 0.71 0.62 0.67 0.64 0.64 0.52 0.34 2007 2008 2009 2010 1Q11 2Q11 3Q11 15
Slide 16: Employee and Branch Network
Employee and Branch Network 2010 2Q11 3Q11 No. of Employee 3,055 3,195 3,278 TISCO Bank’s Branch 45 47 48 - Bangkok 22 24 25 - Upcountry 23 23 23 TISCO Leasing’s Branch 4 6 8 - Bangkok - - - - Upcountry 4 6 8 Total Branches 49 53 56 16
Slide 17: 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 17
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