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

Tisco Financial Group Public — Q1 2020 Earnings Presentation

30 slides from Tisco Financial Group Public's earnings presentation, 2020

  1. Slide 1: TISCO Financial Group Public Co., Ltd. For the First Quarter of 2020

    TISCO Financial Group Public Co., Ltd. For the First Quarter of 2020

  2. Slide 2: TISCO Overview

    © TISCO TISCO Overview

  3. Slide 3: Company Profile

    Company Profile Timelines 1975 One of the founding Business Model 1969 members of the Stock Founded by Bankers Trust of New York as Exchange of Thailand “Selective Focus” the first investment 1996 Universal Bank bank in Thailand First securitization of auto loan in South East Asia 2008 Restructured

  4. Slide 4: TISCO Group Structure

    TISCO Group Structure TISCO [ TISCO Financial Group Plc.* poor nee ------------- ero ----------5 ----4----------------------------------- + t ' ' ' t 1 1 ' ' ' ' 1 ' ' 1 ' ' ' 1 ' ' ' 1 1 ' 99.99% 100% 49% 1 100% 100% 1 100% 100% 100% 100%! ' ' ' t ' 4 [oe = tisco 64] Tisco Tisco Asset |i] TISCO TIS

  5. Slide 5: TISCO Businesses

    TISCO Businesses Retail Banking • Auto Hire Purchase • TISCO Auto Cash • Mortgage Loan & Home-Equity Loan • SME Lending • Life & Non-Life Insurance Corporate Banking • Corporate Lending & Financial Advisory • Investment Banking • Corporate Insurance Wealth & Asset Management • Deposit Service • Weal

  6. Slide 6: Consolidated Loan Portfolio

    Consolidated Loan Portfolio Acquired Retail Banking Business Thailand’s First Car from SCBT Buyer Scheme Sale of Personal Loan & Credit Card to Citibank Covid-19 Outbreak Took over Primus & GMAC Started SME Division Upgraded to Commercial Bank 9.2% 56.6% -7.5% 22.4% 14.7% 16.7% 15.8% 19.3% 9.8% 32.2

  7. Slide 7: Profitability

    Profitability Profitability for the past 10 years 16.0% 45.3% 13.1% 13.4% 14.7% 0.0% 0.0% 17.8% 21.7% 15.2% 3.6% Growth (YoY) 7

  8. Slide 8: Share Capital Information

    Share Capital Information Total Shares 800,655,483 Ordinary Shares 800,645,624 NVDR, CDIB, 10.0% Preferred Shares 9,859 11.7% Foreign, No. of Shareholders 17,952 30.4% Foreign Shareholders 155 Local Shareholders 17,797 Shareholders by type (%) Institutional 80.7% Local, 47.8% Individual 19.3% Foreig

  9. Slide 9: Recognitions and Awards

    Recognitions and Awards Best Company Performance from SET Awards 2018 & 2019 Distinguished Financial Management from Thailand Corporate Excellence Awards 2018 by TMA and Sasin Board of the Year Awards 2019 – Gold from Thai Institute of Directors (IOD) Mr. Suthas Ruangmanamongkol, Group Chief Executi

  10. Slide 10: Financial Results

    TISCO Financial Results

  11. Slide 11: Profitability

    Profitability Net Profit Unit: Million Baht -20.3% QoQ -14.1% YoY ROAE & ROAA 11

  12. Slide 12: Consolidated Income Statements

    Consolidated Income Statements Unit : Million Baht 1Q19 4Q19 1Q20 % QoQ % YoY Interest Income 4,390 4,735 4,553 (3.8) 3.7 Interest Expenses (1,287) (1,263) (1,095) (13.3) (14.9) Net Interest Income 3,102 3,472 3,458 (0.4) 11.5 Fee & Service Income 1,460 1,965 1,476 (24.9) 1.1 Fee & Service Expenses

  13. Slide 13: Assets and Liabilities

    Assets and Liabilities Assets Liabilities Unit: Million Baht Unit: Million Baht +1.8% YTD +1.3% YTD Unit : Million Baht 2018 2019 1Q20 % YTD Unit : Million Baht 2018 2019 1Q20 % YTD Loans - Net 240,654 242,826 237,873 (2.0) Deposits & 241,985 234,421 237,576 1.3 Borrowings Allowance (11,674) (10,717

  14. Slide 14: Loan Portfolios

    Loan Portfolios -1.1% YTD Total Loans Unit: Million Baht -2.0% YTD Retail Loans -3.5% YTD Corporate Loans -11.5% YTD SME Loans 14

  15. Slide 15: Retail Loan Portfolio Breakdown

    Retail Loan Portfolio Breakdown Unit: Million Baht -1.1% YTD -1.8% YTD +3.4% YTD -5.6% YTD -2.0% YTD +0.5% YTD *Remark: Mortgage Loans include Housing Loans and Home-Equity Loans 15

  16. Slide 16: TISCO Auto Cash

    TISCO Auto Cash Auto Cash Loan Outstanding Unit: Million Baht Auto Cash +3.4% YTD Somwang +4.4% YTD Somwang Loan Outstanding vs NPLs Somwang Branches 16

  17. Slide 17: Industry Car Sale & Penetration Rate

    Industry Car Sale & Penetration Rate Industry New Car Sale Units 120,000 100,000 80,000 60,000 40,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TISCO’s Auto HP Penetration Rate 17

  18. Slide 18: Interest Income & NIM

    Interest Income & NIM Net Interest Income Unit: Million Baht -0.4% QoQ +11.5% YoY 18

  19. Slide 19: Interest Income & NIM (Cont.)

    Interest Income & NIM (Cont.) Old Accounting Standard New TFRS 9 2019* 1Q2019 4Q2019* 1Q2020 1Q2020 Yield on Loans (%) 6.9 6.9 6.9 7.0** 7.4 Cost of fund (%) 2.1 2.1 2.1 1.8 1.8 Loan Spread (%) 4.8 4.8 4.8 5.1 5.6 Net Interest Margin (%) 4.2 4.1 4.2 4.4 4.7 Credit Cost (%) 0.5 0.2 0.6 0.8*** 1.8 Loa

  20. Slide 20: Asset Quality

    Asset Quality Non-Performing Loans Unit: Million Baht 2018 2019 1Q20 NPL by Loan Type Million Baht % Million Baht % Million Baht % Corporate - - 259 0.7 259 0.7 SME 112 0.8 158 1.2 132 1.1 Hire Purchase 3,845 2.8 3,249 2.4 3,788 2.8 Mortgage 1,345 6.6 1,316 7.7 864 5.4 Auto Cash 1,564 4.9 848 2.4 1,

  21. Slide 21: Expected Credit Loss

    Expected Credit Loss Expected Credit Loss Unit: Million Baht ECL Adjustment ECL 1,073 Forward Looking Model (840) 2-yr Amortized Excess Reserve 264 497 Normalized ECL 497 Allowance for ECL Unit: Million Baht TFRS 9 ECL Excess Reserve 2-yrs straight-line amortized of 264 MM per quarter Major increase

  22. Slide 22: Funding

    Funding Total Funding Unit: Million Baht +1.3% YTD Unit : Million Baht 2018 2019 1Q20 % YTD Current 2,484 2,638 3,393 28.6 Savings 54,684 37,802 45,887 21.4 Fixed Deposits 135,941 175,645 171,349 (2.4) Short-Term Bill of Exchanges 5,877 37 37 - Senior Debentures 43,000 18,300 16,910 (7.6) Total Depo

  23. Slide 23: Non-Interest Income

    Non-Interest Income Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Unit: Million Baht Data for 3M2020 -7.9% QoQ -0.1% YoY Unit : Million Baht 1Q19 4Q19 1Q20 % QoQ % YoY Banking Fee 1,059 1,192 976 (18.1) (7.8) Bancassurance Fee 702 898 679 (24.3) (3.2) Ot

  24. Slide 24: Asset Management Business

    Asset Management Business -0.3% YTD TISCO Asset Under Management Unit: Million Baht Rank #1 Provident Fund -4.0% YTD -16.1% YTD Rank #13 Mutual Fund -5.5% YTD Rank #7 Rank #5 Private Fund 24

  25. Slide 25: Brokerage Business

    Brokerage Business TISCO Trading Volume & Market Share Unit: Million Baht TISCO Trading Volume by Customers 25

  26. Slide 26: Operating Expenses

    Operating Expenses Operating Expenses Unit: Million Baht Cost to Income Ratio -16.1% QoQ -13.9% YoY Unit : Million Baht 1Q19 4Q19 1Q20 % QoQ % YoY Employees' Expenses 1,671 1,626 1,339 (17.6) (19.9) Premises & Equipment Expenses 307 336 321 (4.3) 4.7 Taxes & Duties 75 75 79 4.1 5.4 Other Expenses 26

  27. Slide 27: Capital Adequacy

    Capital Adequacy Capital Adequacy Ratio of TISCO Bank Unit: Million Baht Risk-Based Capital Exposure 2019 1Q20 27

  28. Slide 28: Employees and Branch Network

    Employees and Branch Network Total Employees Total Branch Network 28

  29. Slide 29: Investor Relations

    Investor Relations TISCO Financial Group Public Company Limited 48/49 TISCO Tower, North Satorn Road, Silom, Bangrak, Bangkok, 10500, Thailand +(66) 2633 6868 +(66) 2633 6855 ir@tisco.co.th www.tisco.co.th Disclaimer This presentation material may contain forward-looking statements. These forward-lo

  30. Slide 30: TISCO

    TISCO

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