TISCO Financial Group Public Company Limited
SET Opportunity Day
February 19, 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
� One of the founding member of the Stock Exchange of
Thailand
� Upgraded to full-service commercial bank in 2005
� Restructured into holding company structure in 2008
� Joint venture with Japanese partner to establish TISCO
Tokyo Leasing in 2008
� Expanded Microfinance through the brand “Somwang” in
2014
� Completed the transfer of retail banking business from
Standard Chartered Bank (Thai) on October 1, 2017
� Obtained current client base up to 1.2 million accounts
Business Model “Selective Focus” universal bank
CG Scoring Excellent
Credit Rating A- (Stable)
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Key Metrics
Unit: Million Baht 2016 2017
Total Assets 271,272 303,388
Total Loans 224,934 251,384
Total Funding Deposits 218,073 245,202
Capital Ratio (BIS %) 19.6 20.7
Market Capitalization 48,239 70,857
Share Capital Information
Share Summary
Total shares 800,655,483
Ordinary shares 800,645,624
Preferred shares 9,859
Share Movement (1 Jan – 31 Dec 2017)
High (Baht) 92.00
Low (Baht) 59.75
Average (Baht) 75.08
Par value (Baht) 10.0
Market capitalization (Baht, MM) 70,857
Foreign limit (%) 49.0%
Free float (%) 77.4%
Dividend Payout (%) 56.0%
Data as of 2017
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Group Business Mix
Revenue ContributionLoan Composition
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Unit : Million Baht 2015 2016 2017 % YoY
Net Interest Income 10,130 10,920 11,655 6.7
Non-Interest Income* 5,963 5,837 6,848 17.3
Income 16,093 16,757 18,503 10.4
Operating Expense* (5,527) (6,541) (7,761) 18.7
PPOP 10,566 10,216 10,742 5.1
Provisions (5,277) (3,972) (3,098) (22.0)
Pre Tax Profit 5,288 6,244 7,644 22.4
Net Profit 4,250 5,006 6,090 21.7
ROAE (%) 15.8 16.9 18.5
Group Performance
Remark: * Net of expense from business promotion relating to the business
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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
all businesses and lower
credit cost.
TISCO reported strong
Net Profit from the ability
to generate income from
all businesses and lower
credit cost.
Balance Sheet
LiabilitiesLiabilities
Unit: Million BahtUnit: Million Baht
Assets Assets
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LoansLoans
Unit: Million Baht
� Loan grew by 11.8% (YoY) following
the acquisition of retail banking
business from SCBT
� Loan grew by 11.8% (YoY) following
the acquisition of retail banking
business from SCBT
+ 11.8% YOY + 12.0% YOY
+ 11.8% YOY
Net Interest Income
� Net interest income increased
from the change in loan mix to
high-yield products, and effective
cost management.
� NIM remained strong since 2016.
� Net interest income increased
from the change in loan mix to
high-yield products, and effective
cost management.
� NIM remained strong since 2016.
Unit: Million Baht
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+ 6.7% YOY
Non-interest Income
Non-interest income increased following:� Strong banking fee from bancassurance business.
� Significant improvement in asset management fee from
AUM growth and improved capital market.
� Higher market share in brokerage business
� Recorded underwriting service fee from investment
banking business
� Received dividend income from investment and
extraordinary performance and incentive fee
Non-interest income increased following:� Strong banking fee from bancassurance business.
� Significant improvement in asset management fee from
AUM growth and improved capital market.
� Higher market share in brokerage business
� Recorded underwriting service fee from investment
banking business
� Received dividend income from investment and
extraordinary performance and incentive fee
Unit: Million Baht
Remark: * Net of income and expense from business promotion relating to the business
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+ 17.3% YOY
Asset Quality
Unit: Million Baht
� NPL ratio improved resulting from the
improved credit quality in overall loan
portfolio, as well as the effective credit
control.
� NPL ratio improved resulting from the
improved credit quality in overall loan
portfolio, as well as the effective credit
control.
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� Credit expense to average loan continued
to decline resulting from improved credit
quality of loan portfolio.
� Credit expense to average loan continued
to decline resulting from improved credit
quality of loan portfolio.
Capital Adequacy
Unit: Million Baht
� Strong capital adequacy with BIS ratio
at 20.7% and Tier I ratio at 16.0%
� Adequate capital base for future
growth opportunity.
� Strong capital adequacy with BIS ratio
at 20.7% and Tier I ratio at 16.0%
� Adequate capital base for future
growth opportunity.
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Branch Network & Employees
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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
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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.
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