Ssi Securities Corp. · HOSE:SSI
Ssi Securities — Q1 2020 Earnings Presentation
20 slides from Ssi Securities's earnings presentation, April 2020
Slide 1: SSI Securities Corporation 1Q2020 Performance Updates
SSI SECURITIES CORPORATION 1Q2020 PERFORMANCE UPDATES April 2020
Slide 2: Macro & Equity Market Review
SSI SECURITIES CORPORATION MACRO & EQUITY MARKET REVIEW 2
Slide 3: 1Q2020 Macro Quick Update
1Q2020 MACRO Quick Update Vietnam real GDP by sector 2011 – 2020 Total Investment Growth in 1Q20 (% YoY) ▪ Real GDP growth at 3.28% YoY, the lowest since 1Q2009 but highest in the regions, lead by manufacturing sector (+7.12% YoY) ▪ Growth for final consumption is at multi-year low of 3.07% YoY (vs.
Slide 4: Revising down growth target
1Q2020 MACRO Revising down growth target 2020 revised target in Government targets 2019 2020 initial target discussion Real GDP growth 7.02% 6.80-7% 5.05-5.32% CPI (average) 2.79% 3.59-3.91% < 4% Budget balance -3.4% GDP -3.44% GDP -5% - 5.1% GDP Export growth 8.1% 8% Undecided Retail sale growth (N
Slide 5: Fiscal stimulus in focus
1Q2020 MACRO Fiscal stimulus in focus ▪ A slew of accommodative monetary and fiscal policies introduced by the government including: ➢ Lending rate cuts by commercial banks ➢ A 5-month tax break for impacted enterprises ➢ Cash handouts for impacted worker/households ➢ Delayed payments for social ins
Slide 6: Equity Market 1Q2020 Review
EQUITY MARKET 1Q2020 Review VN-Index performance Net foreign inflow (USD million) ➢ VN Index buckled from the weight of global pressure, sinking by -24.9% in March and closing at 662.53 points (-31.1% YTD), with VN30 stocks leading the collapse. ➢ Foreign outflow totaled USD 438 million YTD, in whic
Slide 7: SSI Securities Corporation 1Q2020 Earnings Release
SSI SECURITIES CORPORATION 1Q2020 EARNINGS RELEASE 7
Slide 8: Balance Sheet Highlights
1Q2020 EARNINGS RELEASE Balance Sheet Highlights 28,000 ▪ Total asset: VND 27,500 billion – ranked 1st among peers 41.60 508.37 34.92 ▪ Current asset accounted for 78.8% of total asset, half of 27,000 514.39 them allocated to safety assets including cash & cash 26,000 equivalent and bank deposits 25
Slide 9: Balance Sheet Highlights
1Q2020 EARNINGS RELEASE Balance Sheet Highlights 1,068.32 132.23 31/12/2018 9,155.66 11,193.16 2,276.25 1,105.94 127.58 31/12/2019 9,401.06 15,550.23 859.31 1,115.83 66.35 31/3/2020 9,280.12 15,801.16 1,236.05 0 5,000 10,000 15,000 20,000 25,000 30,000 Onwers equity Convertible bond Short-term debt
Slide 10: P&L Highlights
1Q2020 EARNINGS RELEASE P&L Highlights ▪ Total revenue reached VND 983.9 billion, up 36.3% YoY. Key drivers: Principal Investment (36%), Treasury (30.2%), and Securities Services (29.3%). ▪ Sharp increase in operating expense (+166.7% YoY) due to: ▪ Market drop caused significant expansion in loss f
Slide 11: Business Segment Highlights
1Q2020 EARNINGS RELEASE Business Segment Highlights Total 983.88 IB & Others 37.97 Funds & Portfolio Management 6.28 Treasury 297.17 Principal Investment 354.63 Securities Services 287.82 - 200 400 600 800 1,000 1,200 1Q2019 1Q2020 Revenue by Business Segments ▪ Revenue from Treasury reached VND 297
Slide 12: Business Segment Highlights (cont.)
1Q2020 EARNINGS RELEASE Business Segment Highlights (cont.) ▪ No. 1 brokerage market share: 11.65% for all market. New accounts increased by 28% QoQ, mostly are active. Securities Services revenue recorded VND 287.82 billion (-11.2% YoY), 42.7% was brokerage fee & 50.5% was revenue from margin lendi
Slide 13: Business Segment Highlights (cont.)
1Q2020 EARNINGS RELEASE Business Segment Highlights (cont.) ▪ SSIAM launched SSIAM VNFIN LEAD ETF in Feb 2020, the 1st ETF tracking one of three new index sets of HOSE (VNFIN LEAD, VN DIAMOND, and VNFIN SELECT), and the 1st ETF tracking sector index in Vietnam. ➢ Represents over 25% of Vietnam’s cap
Slide 14: Other Information
1Q2020 EARNINGS RELEASE Other Information ▪ SSI extended time to hold Annual General Meeting of Shareholders 2020 due to the spread of COVID-19. The tentative meeting date will be no later than June 30th, 2020. ▪ Successfully issue 82,881,929 shares as stock dividend to 20,758 shareholders. Click he
Slide 15: SSI Response to COVID-19
SSI SECURITIES CORPORATION SSI RESPONSE TO COVID-19 15
Slide 16: COVID-19 Outbreak in Vietnam in Brief
COVID-19 OUTBREAK IN VIETNAM IN BRIEF ▪ First case detected: Jan 23rd. As of today: 270 infections/225 recovered/0 death. Under reported case is unlikely, given the popularity of social media ▪ 1st stage: Jan 23rd – Feb 13th: 16 infections (mostly Wuhan-related). All recovered. ▪ 2nd stage: Mar 6th
Slide 17: Maintain Business Continuity, Operational Capabilities and Employee Safety
SSI RESPONSE TO COVID-19 Maintain Business Continuity, Operational Capabilities and Employee Safety ▪ Proactive deployment of safe workspace (from early Feb) and extensive work from home operation to protect health and safety for our employees. Staffs are well equipped with proper facility for their
Slide 18: Continuously Support Clients, Employees and the Community
SSI RESPONSE TO COVID-19 Continuously support Clients, Employees and the Community ▪ Full paid for employees even their working hours reduced due to facilities closures ▪ Allow them to take up to 1-month full-paid leave in case of quarantine or whose health is in higher risk. EMPLOYEES ▪ All COVID-1
Slide 19: Contact SSI
CONTACT SSI INVESTOR RELATIONS Contact person: Nhung Bui – IR Manager Address: 1C Ngo Quyen street, Hoan Kiem district, Ha Noi, Vietnam Tel: +84 (24) 39366321 Email: investorrelation@ssi.com.vn Website: https://www.ssi.com.vn/en/investor-relation This document is for information only and does not co
Slide 20: Thank You
THANK YOU {1/441 Please :