TISCO Financial Group Public Company Limited
SET Opportunity Day
August 9, 2018
Company Profile
Background� Founded in 1969 as the first investment bank in Thailand
� The first to introduce hire purchase financing product to retail
clients in 1973
� Brought in Provident Fund management service in Thai capital
market in 1973
� One of the founding members of the Stock Exchange of Thailand
in 1975
� In 1996, first securitization of auto loan in South East Asia
� Upgraded to full-service commercial bank in 2005
� Restructured into holding company structure in 2008
� Joint venture with Deutsche Bank to establish “Deutsche TISCO
Investment Advisory Co., Ltd.” in 2012
� Expanded Microfinance through the brand “Somwang” in 2014
� Transferred retail banking business from Standard Chartered
Bank (Thai) on October 1, 2017
Business Model “Selective Focus” universal bank
CG Scoring Excellent
Credit Rating A- (Stable)
2
Key Metrics
Unit: Million Baht 2017 1H2018
Total Assets 303,388 310,261
Total Loans 251,384 237,367
Total Funding Deposits 245,202 243,554
Capital Ratio (BIS %) 20.7 22.8
Market Capitalization 70,857 67,254
Share Capital Information
Share Summary
Total shares 800,655,483
Ordinary shares 800,645,624
Preferred shares 9,859
Share Movement (1 Jan – 30 Jun 2018)
High (Baht) 95.00
Low (Baht) 72.25
Average (Baht) 86.57
Par value (Baht) 10.0
Market capitalization (Baht, MM) 67,254
Foreign limit (%) 49.0%
Free float (%) 75.3%
Dividend Payout (%) 65.7%
Data as of June 2018
3
Group Business Mix
Revenue ContributionLoan Composition
4
Unit : Million Baht 2016 2017 % YoY 1H17 1H18 % YoY
Net Interest Income 10,920 11,655 6.7 5,525 6,426 16.3
Non-Interest Income* 5,837 6,848 17.3 3,104 3,864 24.5
Income 16,757 18,503 10.4 8,629 10,290 19.3
Operating Expense* (6,541) (7,761) 18.7 (3,606) (4,426) 22.7
PPOP 10,216 10,742 5.1 5,022 5,864 16.8
Provisions (3,972) (3,098) (22.0) (1,295) (1,449) 11.9
Pre Tax Profit 6,244 7,644 22.4 3,728 4,415 18.4
Net Profit 5,006 6,090 21.7 2,996 3,475 16.0
ROAE (%) 16.9 18.5 19.1 20.3
Group Performance
Remark: * Net of expense from business promotion relating to the business
5
ROAE remained strong,
maintaining top-tier in
the industry
ROAE remained strong,
maintaining top-tier in
the industry
TISCO reported strong
Net Profit from the ability
to generate income from
both net interest income
and fee income from all
business sectors.
TISCO reported strong
Net Profit from the ability
to generate income from
both net interest income
and fee income from all
business sectors.
Balance Sheet
LiabilitiesLiabilities
Unit: Million BahtUnit: Million Baht
Assets Assets
6
LoansLoans
Unit: Million Baht
� Loan declined by 5.6% (YTD) due to
loan reclassification to assets held
for sale following the agreement to
sell personal loan and credit card
loan to Citibank.
� Loan declined by 5.6% (YTD) due to
loan reclassification to assets held
for sale following the agreement to
sell personal loan and credit card
loan to Citibank.
+2.3% YTD +2.8% YTD
-5.6% YTD
Net Interest Income
� Net interest income increased
following the ability to maintain
overall loan yield and the transfer
of retail banking business from
SCBT while NIM also remained
strong.
� Net interest income increased
following the ability to maintain
overall loan yield and the transfer
of retail banking business from
SCBT while NIM also remained
strong.
Unit: Million Baht
7
+6.7% YOY
+16.3% YOY
Non-interest Income
Non-interest income increased following:� Strong banking fee from bancassurance business.
� Significant improvement in asset management fee from
AUM growth.
� Higher market trading volume yielded strong brokerage
fee income.
� Recorded extraordinary gain on selling investment and
share of profit from investment in subsidiaries.
Non-interest income increased following:� Strong banking fee from bancassurance business.
� Significant improvement in asset management fee from
AUM growth.
� Higher market trading volume yielded strong brokerage
fee income.
� Recorded extraordinary gain on selling investment and
share of profit from investment in subsidiaries.
Unit: Million Baht
Remark: * Net of income and expense from business promotion relating to the business
8
+17.3% YOY
+24.5% YOY
Asset Quality
Unit: Million Baht
� NPL ratio as at June 2018 increased following
one medium-sized client that encountered
payment difficulty, whereas credit quality in
overall loan portfolio still remained favorable
amid the effective credit control.
� NPL ratio as at June 2018 increased following
one medium-sized client that encountered
payment difficulty, whereas credit quality in
overall loan portfolio still remained favorable
amid the effective credit control.
9
� Credit expense to average loan continued to
decline resulting from improved credit quality
of overall loan portfolio.
� Credit expense to average loan continued to
decline resulting from improved credit quality
of overall loan portfolio.
Capital Adequacy
Unit: Million Baht
� Strong capital adequacy with BIS ratio
at 22.8% and Tier I ratio at 17.7%
� Adequate capital base for future
growth opportunity.
� Strong capital adequacy with BIS ratio
at 22.8% and Tier I ratio at 17.7%
� Adequate capital base for future
growth opportunity.
10
Branch Network & Employees
11
12
Q & A
TISCO Financial Group Public Company Limited
48/49 TISCO Tower, North Sathorn Road
Silom, Bangrak, Bangkok 10500
Thailand
Tel: +66-2-633-6868
Fax: +66-2-633-6855
Email: [email protected]
Website: www.tisco.co.th
Investor Relations
13
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 differ from those in the forward looking
statements as a result of various factors. TISCO accepts no liability whatsoever with
respect to the use of this document of its content.
14