16 slides from Tisco Financial Group Public's earnings presentation, Jan 19, 2006
Slide 1: TISCO Bank Plc. Analyst Meeting
TISCO Bank Plc. Analyst Meeting January 19, 2006 •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 statemen
Slide 2: 2005 Performance
2005 Performance Net Profits Bt mn • 2005 net profit of Bt1,791mn, declined 2,224 19.5%yoy mainly due to the reduction of 2,200 1,890 1,791 brokerage fees, investment banking fees, and gains on investment in securities. 1,700 • 4Q05 net profit dropped 58.6%yoy as in 1,200 885 4Q04 the Bank recorded
Slide 3: Net Interest and Dividend Income
Net Interest and Dividend Income (Million Baht) 2004 2005 % Change 4Q04 4Q05 % Change (YoY) (YoY) Interest on Loans 701 590 (15.9) 178 158 (11.0) Interest on Interbank 49 145 198.6 19 55 190.0 Hire purchase and financial lease 2,957 3,544 19.9 798 939 17.6 Investment 207 289 39.7 21 26 25.3 Interest
Slide 4: Loans and Receivables Breakdown
Loans and Receivables Breakdown Million Baht 7.0% Loans as of December 31, 2005 100,000 7% 5.8% 63,948 6% Commercial 80,000 Lending 4.5% 5% 55,760 Others 20% 3,995 60,000 45,564 4% 6% 3,864 12,705 4,197 10,924 40,000 3% 9,667 Housing 2% 4% 40,971 47,249 20,000 31,700 1% 0 0% Hire 2003 2004 2005 purc
Slide 5: Spread-NIM
Spread-NIM 10 7.8 7.3 6.5 6.8 8 6 4.6 4.4 (%) 4.2 4.1 4 2 3.2 2.9 2.3 2.7 0 2002 2003 2004 2005 Yield Spread Cost (%) 2002 2003 2004 2005 (excl. write back effect) Yield 7.8 7.3 6.5 6.8 Cost 3.2 2.9 2.3 2.7 Spread 4.6 4.4 4.2 4.1 5
Slide 6: Non-Interest Income
Non-Interest Income (Million Baht) 2004 2005 % Change 4Q04 4Q05 % Change (YoY) (YoY) Brokerage Fee 903 622 (31.1) 212 133 (37.2) Asset Management Fee 227 271 19.5 64 52 (18.1) Investment Banking Fee 361 28 (92.3) 117 7 (93.9) Fee Income from Fin. Bus, SAM and others 671 802 19.4 199 187 (6.1) Tradin
Slide 7: Operating Expenses
Operating Expenses (Million Baht) 2004 2005 % Change 4Q04 4Q05 % Change (YoY) (YoY) Personnel expenses 1,259 1,205 (4.3) 346 454 31.3 Premises and equipment expenses 352 416 18.3 118 105 (10.7) Taxes and duties 73 73 0.4 20 19 (5.0) Fees and service expenses 538 589 9.4 155 147 (5.5) Directors’ remu
Slide 8: Hire Purchase Business
Hire Purchase Business Industry New Car Sales & TISCO Penetration Rate New Business Car Hire Purchase Thousand Units Btmn Units (%) 58,301 1,000 7.3 7.0 8.0 40,000 54,500 60,000 6.6 7.0 35,000 45,103 800 703 6.0 30,000 26,206 626 24,976 533 5.0 40,000 600 25,000 22,043 4.0 20,000 400 3.0 15,000 20,0
Slide 9: Local Brokerage Business
Local Brokerage Business Daily Average Turnover TISCO Brokerage Volume & Market Share TISCO Turnover (Btmn) Market Turnover (Btmn) Brokerage Volume (Btmn) Market Share (%) 2,000 500,000 4.0% 20,424 18,985 3.4% 3.5% 20,000 3.0% 16,255 400,000 1,446 355,697 1,500 3.0% 1,282 315,441 15,000 300,000 970
Slide 10: Asset Management Business
Asset Management Business Market NAV and TISCO Market Share Asset Under Management Total NAV (Btmn) Market Share (%) Total NAV (Btmn) 1,400,000 7.3 1,259,593 8 100,000 6.7 6.5 7 82,109 1,200,000 924,545 6 80,000 67,704 1,000,000 860,524 61% 5 56,459 800,000 60,000 25% 4 27% 600,000 52% 24% 51% 3 40,
Slide 11: Assets and Liabilities Management
Assets and Liabilities Management Asset Mix Liabilities Mix 120% 120% 100% 100% Other Liabilities Other assets 13% 80% 80% 28% Borrowings Equity Interbank 60% 60% Fixed-income Deposits 62% 63% 40% Other Loans 40% 73% 55% Retail Loans 20% 20% 16% 16% Corporate Loans 0% 0% 2004 2005 2004 2005 Portfoli
Slide 12: Risk-Based Capital Adequacy
Risk-Based Capital Adequacy 2004 2005 Listed Equity Operational Risk 27% Operational Risk Listed Equity Reserve Reserve 20% Non-listed Equity 9% 10% 4% Non-listed Equity Fixed-income 4% 0% Retail Lending Fixed-income Derivatives 38% 0% 0% Derivatives Retail Lending 0% Banking 37% Book(Interest- Whol
Slide 13: Interest Rate Risk
Interest Rate Risk 1.40 1.22 1.23 Current Profile 1.20 • Interest rate duration gap 1.00 was widen from 6 months to 9 months owing to continued 0.80 0.72 expansion of hire purchase business and higher portion 0.60 of current and saving account 0.48 deposit after the 0.40 commencement of banking busi
Slide 14: Number of Employees
Number of Employees Employees 2,500 2,003 2,000 1,809 1,680 1,527 459 462 1,500 1,249 410 287 109 1,000 1,544 1,240 1,270 1,347 1,140 500 0 2001 2002 2003 2004 2005 Permanent Contract 14
Slide 15: Progress of Holding Company Restructuring
Progress of Holding Company Restructuring 14 Nov. 2005 TISCO Bank submitted the official application for the holding company restructuring plan to the BoT. Later, the BoT approved to set up TISCO Corporation Plc. as a holding company. 21 Nov. 2005 The SET granted a preliminary approval on the restru
Slide 16: Q&A
Q&A E-mail: IR@TISCO.CO.TH 16