Capital Securities Corp. · TWSE:6005
Capital Securities — FY2024 Earnings Presentation
34 slides from Capital Securities's earnings presentation, Mar 25, 2025
Slide 1: Capital Securities Corp. Investor Conference March 2025
Capital Securities Corp. Investor Conference March, 2025 The tricks of scammers include impersonating celebrities to solicit money or personal information, providing high compensation for a position that requires “no skills or experiences,” offering free services, and masquerading as Anti- legitimat
Slide 2: Disclaimer
Disclaimer The information (except numbers in financial statements) contained within the document has not been audited or reviewed by any accountant or independent third party. Capital Securities Corporation (the Company) makes no guarantee or warranties as to the accuracy, completeness or correctne
Slide 3: Presentation Outline
Presentation Outline Company Profile Operation Overview Prospect and Outlook Sustainability Development & Capital Securities’ Practices 2
Slide 4: Company Profile
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Slide 5: Shareholder Structure
Shareholder Structure Data as of April 29, 2024 Financial Government institutions agencies Foreign 4.74% 1.81% institutions and individuals 16.96% Other juristic persons 47.38% Individuals 29.11% 4
Slide 6: Basic Information
Basic Information Stock code: 6005 Paid-in capital: NTD21.709bn Number of branches in Taiwan: 53 Number of employees: 2,004 FEB20 Paid-in capital of NTD21.709bn Listed on TPEx in 1995 Paid-in capital of NTD4.08bn Listed on TWSE in 2005 Paid-in capital of NTD13.64bn Established in 1988 Paid-in capita
Slide 7: Deployment in Asia
Deployment in Asia Chengdu Shanghai TEL：86 28 6555 2888 TEL：86 21 5888 7188 FAX：86 28 6555 2999 FAX : 86 21 5888 2929 Add：Units 408-410,4F,Poly Add：18F., New Shanghai Center Tower C,No.1,Jinxiu International Tower, No. 360 Road, Wuhou District Pudong Nan Road, Chengdu, P.R.China Shanghai, P.R.China
Slide 8: Non-operating Investments
Non-operating Investments 7
Slide 9: Non-operating Investments (continued)
Non-operating Investments (continued) Unit: 1,000 Net income or loss Net income or loss Book value as of Book value as of Region Name Currency Paid-in capital for current period for Dec 31, 2024 Feb 28, 2025 2024 JAN~FEB25 Taiwan Capital Futures Corp. NTD 2,104,376 7,740,641 1,190,927 7,936,194 169,
Slide 10: Organizational Structure
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Slide 11: Operation Overview
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Slide 12: Financial Data Over the Past Three Years
Financial Data Over the Past Three Years (NTD’000) Item 2022 2023 2024 Consolidated net income 1,846,051 5,108,776 6,572,371 before tax Consolidated net income 1,179,016 4,570,993 5,402,075 Net income attributable to shareholders of the 840,040 4,131,510 4,883,776 parent company EPS (NTD) 0.39 1.90
Slide 13: Consolidated Balance Sheet (summary)
Consolidated Balance Sheet (summary) (NTD’000) Item Dec 31, 2023 Dec 31, 2024 Current assets 223,526,822 282,926,897 Non-current assets 23,383,910 25,761,605 Total assets 246,910,732 308,688,502 Current liabilities 201,651,712 256,345,104 Non-current liabilities 1,894,496 6,706,925 Total liabilities
Slide 14: Consolidated Comprehensive Income Statement (summary)
Consolidated Comprehensive Income Statement (summary) (NTD’000) Item 2023 2024 Revenue 12,746,224 17,149,090 Operating expenses and costs 9,870,663 13,349,871 Operating income 2,875,561 3,799,219 Other income and expenses 2,233,215 2,773,152 Net income before tax 5,108,776 6,572,371 Income tax expen
Slide 15: Earnings Breakdown by Major Business
Earnings Breakdown by Major Business 2023 2024 70% 62% 60% 50% 46% 40% 31% 30% 23% 20% 20% 11% 10% 4% 3% 0% Brokerage Proprietary trading & Underwriting & Others Non-operating investments Derivatives & Fixed income 14
Slide 16: Business Performance and Market Ranking
Business Performance and Market Ranking Figures in Market ranking in Item 2024 2024 Market share in brokerage 3.58% 9 Market share in margin financing 5.02% 8 Trust business-AUM NTD16.52bn 6 Number of warrants issued 11,029 3 Value of warrants issued NTD83.3bn 2 Value of structured products issued N
Slide 17: Dividend Payout
Dividend Payout Unit: NTD EPS Cash dividend per share 2.50 2.42 2.25 2.00 1.9 1.64 1.50 1.00 1.65 1.5 1.33 0.50 1.1 0.39 0.39 0.00 2020 2021 2022 2023 2024 ※ The distribution of FY24 earnings has been approved by the BoD on March 7, 2025, pending the general shareholder meeting's approval. 16
Slide 18: Capital Adequacy Ratio
Capital Adequacy Ratio Capital adequacy ratio Minimum capital adequacy ratio: 200% 400% 300% 276% 279% 278% 261% 250% 200% 100% 0% 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 17
Slide 19: Ratings
Ratings Fitch Ratings Long-term Issuer Default Rating 2024 (IDR) BBB- National Long-term Rating A(twn) National Short-term Rating F1(twn) Outlook Stable 18
Slide 20: FEB25 Operating Results
FEB25 Operating Results Unit: NTD’000 Entity FEB25 JAN~FEB25 Net income before tax 427,893 828,401 Net income 397,430 756,344 EPS (NTD) 0.18 0.35 Consolidated FEB25 JAN~FEB25 Net income before tax 485,333 942,747 Net income 433,218 829,922 ※ Unaudited 19
Slide 21: JAN~FEB25 Earnings Breakdown by Major Business
JAN~FEB25 Earnings Breakdown by Major Business JAN~FEB25 90% 70% 50% 38% 37% 30% 18% 7% 10% -10% -30% Brokerage Proprietary trading & Underwriting & Others Non-operating Derivatives & Fixed investments income ※ Unaudited 20
Slide 22: Business Performance and Market Ranking
Business Performance and Market Ranking Figures in Market ranking in Item JAN~FEB25 JAN~FEB25 Market share in brokerage 3.77% 8 Market share in margin financing 4.90% 8 Trust business-AUM NTD17.22bn 7 Number of warrants issued 1,428 4 Value of warrants issued NTD11.9bn 3 Value of structured products
Slide 23: Prospect and Outlook
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Slide 24: Business Philosophy: Our Vision, Our Belief
Business philosophy Our vision • To create long-term and rewarding partnerships with our clients by offering high value-added financial services which exceed client expectations Our belief • The Capital Group in Chinese means "benefit for many" which embodies our commitment to public interests and c
Slide 25: Business Development Plans
Business Development Plans Strategy 1: Brokerage Dept. focusing Strategy 8:Sustainable developments on maximizing core business & market share 1 8 FY25 Strategy 7: Legal compliance & Strategy 2: Expanding asset management scale & asset stock 2 Operational 7 risk managements Direction 1. Gradual impr
Slide 26: List of Awards
List of Awards Received the Silver Prize at the 2024 Corporate Sustainability Reports Award and Excellence Honors at the Sustainable Comprehensive Performance Award under the “Taiwan Corporate Sustainability Award” (TCSA) Received the 2024 Taipei City Workplace Gender Equality Certification Gold Awa
Slide 27: Sustainability Development & Capital Securities' Practices
Sustainability Development & Capital Securities’ Practices 26
Slide 28: Why Do We Promote Sustainable Development?
Why Do We Promote Sustainable Development? “Sustainable development is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs,” according to the Our Common Future Report released on the 42nd General Assembly of the United Na
Slide 29: Sustainable Development Goals (SDGs)
Sustainable Development Goals (SDGs) The UN has proposed the 2030 Sustainable Development Agenda in 2015 with 17 Sustainable Development Goals (SDGs) that are key indicators of global sustainable development. These goals serve as indispensable indicators for the international community. As they are
Slide 30: Sustainable Development Practices
Sustainable Development Practices Environmental Protection • Capital Securities took VIP clients to the Stonbo Lodge organic farm in Taiwan to enjoy nature and discuss ways to preserve the ecosystem. • Capital Securities has obtained the ISO 50001 Energy Management System Certification to enhance en
Slide 31: Sustainable Development Practices (continued)
Sustainable Development Practices (continued) Social Responsibility • Hosted the “Capital ESG Hiking for Better Health” event • Joined the Health Promotion Administration’s 722 Blood Pressure Kiosk program to ensure optimal staff health while striving to maximize clients’ wealth 30
Slide 32: Sustainable Development Practices (continued)
Sustainable Development Practices (continued) Corporate Governance • Received the Excellence Award for Anti-Fraud Efforts Verification • Received “iSports Enterprise Certificate” from the Sports Administration, Ministry of Education • Received “Best Securities House Award” and “Most Friendly Towards
Slide 33: Recognized for Sustainable Development and Corporate Governance
Recognized for Sustainable Development and Corporate Governance Selected as a constituent of FTSE4Good TIP Taiwan ESG Index Selected as a constituent of FTSE4Good Emerging Index Selected as a constituent of TWSE RA Taiwan Employment Creation 99 Index Ranked among the top 21%~35% in the 2023 Corporat
Slide 34: Thank you
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