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琵操惠
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1 2Q2018 營運概況

2 Disclaimer This presentation may include forward looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Taishin Financial Holding Co. Ltd. ( Taishin ) expects or anticipates will or may occur in the future are forward-looking statements. Taishin s actual results or developments may differ from those indicated by these forwardlooking statements as a result of various factors and uncertainties which are beyond our control. In addition, Taishin makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. 1

3 營運概況 1H18 金控營運概況上半年稅後淨利 78 億元, 去年同期為 68 億元每股淨值元, 每股稅後盈餘 0.68 元, 年化 ROE 為 11.44% 淨利息收入淨手續費收入及投資收益穩定成長, 帶動淨收益較去年同期成長 13.7% 淨手續費收入較去年同期成長 8.9%, 財富管理手續費收入較去年同期成長 11.2% 營業費用較去年同期增加 9.5% 金控資本適足率 111.7%, 銀行資本適足率 13.7% 1H18 銀行營運概況上半年淨利息收入 94 億元, 較去年同期成長 4.5%, 第二季 NIM 為 1.33%, 放款較去年同期成長 6.8% 淨手續費收入 55 億元, 較去年同期成長 2.5% 營業費用 96 億元, 較去年同期增加 6.8% 逾放比 0.25%, 覆蓋率 529.8% 年化 ROE 為 9.6% 2

4 Agenda 2018 年上半年金控財務數字 2018 年上半年銀行獲利動能 3

5 金控財務數字稅後淨利 (NT$mn) 每股盈餘 1 (NT$) 6, % 7, % H17 1H18 1H17 1H18 每股淨值 1 (NT$) 股東權益報酬率 1 (%) 資產報酬率 (%) H17 1H18 1H17 Note: 1. EPS, BVPS and ROE are calculated for common shares only. 1H18 1H17 1H18

6 金控各子公司獲利表現 NT$mn QoQ -1% QoQ +6% 639 4, ,985 2Q18 各子公司獲利貢獻 % 銀行 74% 證券 7% 銀行 Bank 2Q18 Securitites 證券其他子公司 Other Holdings 金控 & 金控 FHC 2Q18 Subsidiaries other & adjustments 其他調整項其他 18% YoY +6% YoY +15% 1,238 7,826 1H18 各子公司獲利貢獻 % 6, 銀行 77% 證券 5% 其他 18% 5 銀行 Bank 1H18 Securitites 證券其他子公司 Other Subsidiaries Holdings 金控 & other & adjustments 其他調整項金控 FHC 1H18 Note 1. Other subsidiaries mainly includes Taishin Asset Management, Venture Capital Investment, Securities Investment Advisory and Securities Investment Trust. 2. Holdings & other adjustments include investment income under equity method from 22.55% stake in Chang Hwa Bank

7 資本與風險指標金控資本適足率銀行資本適足率 Tier 1 % 13.6% 13.4% 14.2% 14.2% 13.7% 116.2% 114.6% 124.9% 117.9% 111.7% 10.2% 10.1% 10.9% 10.9% 10.5% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q / / / /06 雙重槓桿比率 : 債股比率 : 113.7% 115.7% 17.1% 21.6% 逾放比率 : 0.25% 0.25% 覆蓋率 : 527.7% 529.8% 備呆 / 放款比率 : 1.30% 1.33% 6

8 金控盈餘 NT$mn Better Worse 2Q18 vs. 1Q18 3, (18) ,438 (306) 1Q18 1Q18 Pretax Earnings 稅前盈餘淨利息 NII 收入淨手續費 Net Fee Income 收入 Investment/ 投資 / 交易 Others 其他營業費用 Expenses Provisions, 淨提存 Net 2Q18 2Q18 Pretax Trading 稅前盈餘 Earnings 1H18 vs. 1H17 1,392 7, (44) (945) (898) 8,421 1H17 1H17 Pretax 稅前盈餘 Earnings 淨利息 NII 收入淨手續費 Net Fee Income 收入 Investment/ 投資 / 交易 Others 其他營業費用 Expenses 淨提存 1H18 Trading 稅前盈餘 7

9 金控淨收益結構 FHC 金控淨收益結構 Revenue Mix Historical 過去三年同期比較 Trends 1H18 淨收益 : NT$20.5bn, YoY +13.7% NT$bn 投資 / 交易收入 21.0% Trading 交易 7.2% 11.1% 其他 1.5% 8.8 YoY +6.9% YoY +8.9% 長投 1 7.2% TMU TMU 5.0% 2.7% 淨手續費收入 30.3% 淨利息收入 47.2% YoY +47.6% YoY -12.3% Note: 1. LT-Investment mainly comes from investment income of 22.55% stake in CHB under equity method 2. YoY : 1H18 vs. 1H17 1H16 1H17 1H18 1H16 1H17 1H18 1H16 1H17 1H18 淨利息 NII 收入 Fee 淨手續費 Income 收入 Investment 投資 / 交易 & Trading 收入 1H16 1H17 1H18 Others 其他 8

10 金控淨手續費收入 NT$mn 5, % 6,207 2,102 1,875 1,795 1,713 1, H17 1H18 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 Wealth Management Credit Card Corporate Banking Consumer Banking Taishin Securities Others 財富管理信用卡法人金融個人金融證券其他 Wealth Management Credit Card Corporate Banking Consumer Banking Securities Others QoQ : -15.6% QoQ : +7.2% QoQ : -4.9% QoQ : -2.3% QoQ : +20.0% QoQ : -15.1% YoY : +11.2% YoY : -4.8% YoY : -25.1% YoY : +7.8% YoY : % YoY : +14.1% Note: YoY : 1H18 vs. 1H17 9

11 金控財富管理手續費收入財富管理手續費收入 (NT$mn) 財富管理手續費收入組合 (%) 保險基金結構型及證券商品信託, 保管及其他保險基金結構型及證券商品信託, 保管及其他 1,713 1,875 1,795 2,102 1,773 1,286 1,373 1,293 1,551 1,279 75% 73% 72% 74% 72% Q Q Q Q Q18 13% 16% 17% 17% 16% 8% 8% 9% 13% 9% 1% 1% 2% 1% 2% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 10

12 金控營業費用率 NT$bn 營業收入營業費用 Q17 3Q17 4Q17 1Q18 2Q18 1H17 1H18 營業費用率 54.3% 53.0% 61.3% 54.0% 51.8% 54.9% 52.9% 11

13 金控主要獲利因子 NT$mn FHC 金控淨利息收入 Net Interest Income FHC 金控淨手續費收入 Net Fee Income Investment/Trading 投資 / 交易及其他收入 & Others QoQ: +1.4% YoY: +6.9% QoQ: -9.4% YoY: +8.9% QoQ: +31.5% YoY: +41.0% 4,665 4,844 4,836 4,804 4,874 2,776 2,899 2,910 3,257 2,950 1,843 2,382 1,822 2,001 2,632 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 5,039 FHC Operating 金控營業費用 Expenses 5,364 5,867 QoQ: -0.4% YoY : +9.5% 5,438 5,416 FHC Pre-Provision 金控提存前稅前盈餘 Operating Profit 4,245 4,761 4,624 3,700 QoQ: +9.0% YoY : +18.8% 5,040 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Note: 1. YoY : 1H18 vs. 1H17 12

14 Agenda 2018 年上半年金控財務數字 2018 年上半年銀行獲利動能 13

15 放款穩定成長 NT$bn 2Q18 總放款餘額 : NT$1,014bn, QoQ +0.7%, YoY +6.8%, YTD +3.3% Q17 2Q18 2Q17 Home Equity 2Q18 2Q17 Second Mortgage 2Q18 2Q17 2Q18 2Q17 2Q18 Corporate First Mortgages + Unsecured Others 企業放款購屋貸款房屋加值型貸款 1 消金無擔放款其他 2 Corporate First Mortgage Home Equity 1 Consumer Unsecured Others 2 QoQ: -1.0% QoQ: +2.0% QoQ: +1.9% QoQ: +2.9% QoQ: +1.6% YoY: +5.8% YoY: +6.0% YoY: +9.2% YoY: +8.0% YoY: +8.2% YTD: +3.7% YTD: +2.3% YTD: +3.8% YTD: +4.0% YTD: +2.7% 14 Note: 1. Home equity loan is in first-lien position on the property. 2. Others include auto loans, second mortgage, retail SME, and other consumer products. 3. YoY : 2Q18 vs. 2Q17

16 2Q18 放款結構 Loan Mix 產品別 By Product By Currency 幣別其他 5.5% 1 消金無擔 6.7% 外幣放款 18.1% (YoY: +9.6%) 房屋加值型房貸 20.2% 購屋貸款 25.5% 企業放款 42.1% 台幣放款 81.9% (YoY: +6.2%) Note: 1. Others include auto loans, second mortgage, retail SME, and other consumer products. 2. YoY : 2Q18 vs. 2Q17 15

17 法金授信及消金無擔放款明細 Corporate 法金授信產業分布 Credit Composition Consumer Unsecured 消金無擔放款 Lending QoQ YoY 個人信貸信用卡 % +10.1% +0.0% +3.1% 現金卡 -5.8% -22.3% 金融 & 投資業 18.3% 其他 11.8% 科技 19.7% 非科技 17.1% 製造業 36.8% 消金無擔放款 NT$bn % +8.0% 現金卡運輸業 & 傳播業 5.1% 零售業 & 批發業 12.1% 信用卡 1 個人信貸不動產 & 營造業 15.9% 2Q17 3Q17 4Q17 1Q18 2Q18 Note: 1. Credit card includes credit card revolving and credit card loan. 2. YoY : 2Q18 vs 2Q17 16

18 存款結構存款結構 (%) 存放比 (%) 1 NT$bn QoQ: -0.6 % YoY: + 5.9% 1,173 1,200 1,221 1,250 1, % 10.5% 9.5% 9.8% 9.4% 外幣活存 35.2% 37.1% 36.2% 38.5% 38.2% 台幣活存 80.3% 80.8% 79.7% 79.9% 81.0% 10.8% 11.0% 12.5% 11.8% 13.0% 外幣定存 44.0% 41.5% 41.8% 39.9% 39.5% 台幣定存 2Q17 3Q17 4Q17 1Q18 2Q18 活存比 45.2% 47.6% 45.7% 48.3% 47.6% 0.0 Jun-17 Sep-17 Dec-17 Mar-18 Jun Calculation of Loan-to-deposit ratio is based on regulator definition. 17

19 銀行淨利差及存放利差淨利差 & 孳息資產均額存放利差淨利差 % 整體放款利率整體存款利率整體存放利差 1.39% 1.38% 1.35% 1.35% 1.33% 1.85% 1.82% 1.78% 1.79% 1.76% 孳息資產均額 (NT$bn) 2.52% 2.50% 2.49% 2.51% 2.53% 1,356 1,388 1,396 1,418 1, % 0.68% 0.71% 0.72% 0.77% 2Q17 3Q17 4Q17 1Q18 2Q18 Note: 1. NIM & spread figures are quarterly average. 2Q17 3Q17 4Q17 1Q18 2Q18 18

20 信用卡業務 Number of 收單家數 Merchants Served Spending 簽帳金額 NT$bn +2.0% +15.8% +18.8% 119, , % 103, H16 Note 1H17 1H18 1. Total spending excludes cash advance. Active 有效卡數 Cards Gross 毛手續費收入 Fee Income thousands 2, % 2, % 3,056 NT$mn 2, % 2, % 2, H16 1H17 1H18 19

21 呆帳回收 NT$mn QoQ : -6.0% YoY : -6.6% 法金個金 Q17 3Q17 4Q17 1Q18 2Q18 Note: 1. YoY : 1H18 vs. 1H17 20

22 銀行逾放比及覆蓋率 NPL% 逾放比 % Reserv 備抵呆帳 e to / 放款比率 loan% % NPL 逾放金額 NT$mn NT$mn Reserve 備抵呆帳 NT$mn NT$mn 0. 60% 1.35% 1.38% 1.30% 1.30% 1.33% 0.27% 0.26% 0.22% 0.25% 0.25% % 12,700 13,330 12,633 12,975 13,390 2,511 2,514 2,459 2,528 2, % % 2Q17 3Q17 4Q17 1Q18 2Q18 覆蓋率 % 505.9% 530.2% 578.7% 527.7% 529.8% 21 Note: NPL%, coverage%, NPL amount and reserve amount exclude A/R.

23 22 APPENDIX

24 Balance Sheet of Taishin Holding and its subsidiaries as of Jun. 30, 2018 NT$mn Taishin Bank (Consolidated) Taishin Securities (Consolidated) Others Subsidiaries Holding & Other Adjustments Taishin Holding (Consolidated) Assets Cash & due from banks 84, ,968 (609) 87,848 Securities, net 405,516 17,127 2, ,082 Loans, net 991, ,875 A/R, net 132,859 12,292 10, ,451 Long-tern investment, net ,146 38,829 Land, premises and equipments, net 18, ,889 Others 26,578 1,995 2,679 (1,013) 30,239 Total Assets 1,660,533 32,392 18,805 37,483 1,749,213 Liabilities Deposits 1,217, (1,314) 1,216,363 Other Liabilities 316,134 24,665 12,319 24, ,055 Total Liabilities 1,533,811 24,665 12,319 23,623 1,594,418 Miniority interests (106) 134 Total Stockholders' equity(incl. non-controlling) 126,722 7,727 6,486 13, ,795 Total liabilities and stockholders' equity 1,660,533 32,392 18,805 37,483 1,749,213 23

25 P&L of Taishin Holding and its subsidiaries for the period ended Jun. 30, 2018 NT$mn Taishin Bank (Consolidated) Taishin Securities (Consolidated) Others Subsidiaries Holding & Other Adjustments Taishin Holding (Consolidated) Operating income Net interest income 9, (223) 9,678 Net fee income 5, (40) 6,207 Long-tern investment income ,470 1,504 Net trading income(loss) & Derivatives & FX 2, (58) 0 2,814 Others income(loss) (81) 315 Total operating income 17,528 1, ,126 20,518 Operating expenses (9,621) (676) (506) (51) (10,854) Credit loss provisions, net (1,249) (8) 14 0 (1,243) Profit before income tax 6, ,075 8,421 Net profit after income tax 6, ,238 7,826 24

26 Financial Summary Taishin FHC (Consolidated) NT$mn, except for percentages Full-Year Comparison Half-Year Comparison Quarterly Comparison Income Statement Data change 1H17 1H18 change 1Q18 2Q18 change Interest income 29,082 30, % 14,728 16, % 8,024 8, % Interest expense (11,078) (11,886) 7.3% (5,673) (6,781) 19.5% (3,220) (3,561) 10.6% Net interest income 18,004 18, % 9,055 9, % 4,804 4, % Net fee income 11,011 11, % 5,702 6, % 3,257 2, % Other income 7,136 7, % 3,284 4, % 2,001 2, % Total revenue 36,151 37, % 18,041 20, % 10,062 10, % Operating expense (19,831) (21,141) 6.6% (9,909) (10,854) 9.5% (5,438) (5,416) -0.4% Provisions, net (3,350) (1,851) -44.7% (345) (1,243) 260.3% (641) (602) -6.1% Net Income before Income Tax 12,970 14, % 7,787 8, % 3,983 4, % Tax Expense (1,578) (1,740) 10.3% (975) (595) -39.0% (175) (420) 140.0% Net Income after Tax 11,392 13, % 6,812 7, % 3,808 4, % Net Income to Parent Company 11,399 13, % 6,804 7, % 3,808 4, % Net Income to Non-controlling Interests (7) % % Net Income 11,392 13, % 6,812 7, % 3,808 4, % EPS(NT$) % % % Balance Sheet Data Total Assets 1,576,986 1,677, % 1,596,630 1,749, % 1,735,395 1,749, % Shareholders' Equity(incl. Non-controlling) 148, , % 149, , % 157, , % Shareholders' Equity-Common Stock 116, , % 117, , % 126, , % Summary Ratios Equity/Assets 9.44% 9.26% 9.35% 8.85% 9.08% 8.85% Return on average assets 0.74% 0.80% Return on average equity % 9.61% Note 1. EPS has been retroactively adjusted with 4.43% of stock dividend in August Common shares only. 25

27 Financial Summary Taishin Bank 26 NT$mn, except for percentages Full-Year Comparison Half-Year Comparison Quarterly Comparison Income Statement Data Change 1H17 1H18 Change 1Q18 2Q18 Change Interest income 27,769 29, % 14,229 15, % 7,623 7, % Interest expense (10,211) (11,016) 7.9% (5,273) (6,263) 18.8% (2,966) (3,297) 11.2% Net interest income 17,558 18, % 8,956 9, % 4,657 4, % Net fee income 10,460 10, % 5,410 5, % 2,939 2, % Other income 1 4,083 4, % 1,596 2, % 1,055 1, % Total revenue 32,101 33, % 15,962 17, % 8,651 8, % Operating expense (17,881) (19,029) 6.4% (9,009) (9,621) 6.8% (4,840) (4,781) -1.2% Net Provisions 1 (3,137) (1,842) -41.3% (350) (1,249) 256.9% (640) (609) -4.8% Net income before income tax 11,083 12, % 6,603 6, % 3,171 3, % Net income after tax 9,549 10, % 5,654 6, % 3,023 2, % Balance Sheet Data Gross loans 2 890, , % 941,735 1,005, % 998,441 1,005, % Credit revolving loans 10,158 10, % 9,915 10, % 10,291 10, % NPL 2,360 2, % 2,511 2, % 2,459 2, % Allowance for Loan losses 12,946 12, % 12,700 13, % 12,975 13, % Total assets 1,518,251 1,598, % 1,534,295 1,660, % 1,651,591 1,660, % Deposits 3 1,111,344 1,194, % 1,144,714 1,216, % 1,223,942 1,216, % Shareholders' equity 120, , % 119, , % 128, , % Summary Ratios Loan-to Deposit Spread 1.93% 1.83% 1.85% 1.78% 1.79% 1.76% Net interest margin 1.42% 1.37% 1.38% 1.34% 1.35% 1.33% Net fee income / Total revenue 32.6% 32.4% 33.9% 31.6% 34.0% 29.4% Cost-to-Income ratio 55.7% 57.4% 56.4% 54.9% 55.9% 53.9% NPLs / Gross loans 0.26% 0.22% 0.27% 0.25% 0.25% 0.25% Allowance / Gross loans 1.45% 1.30% 1.35% 1.33% 1.30% 1.33% Allowance / NPLs 548.5% 578.7% 505.9% 529.8% 527.7% 529.8% Loan to deposit ratio % 79.7% 80.3% 81.0% 79.9% 81.0% Equity / Assets 7.9% 7.8% 7.8% 7.6% 7.8% 7.6% Return on average assets(annualized) 0.64% 0.68% 0.74% 0.74% 0.75% 0.74% Return on average equity(annualized) % 8.63% 9.40% 9.56% 9.57% 9.50% Note: 1. Gain on collection of nonperforming loans figures are adjusted including in provision for credit losses from 2012 for auditing bases. 2. Gross loans exclude credit card revolving and factoring NR but include over-due loans. 3. Deposits exclude postal deposits and interbank deposits. 4. Calculation of loan-to-deposit ratio is based on regulatory definition. 5. Return on net equity(roe) calculated as income after tax (annualized) divided by average net equity for auditing bases.

28 Deposit Mix NT$bn 2Q17 3Q17 4Q17 1Q16 2Q16 % 2Q18 vs 1Q18 2Q18 vs 2Q17 Current Deposits % -2.1% 11.5% Checking % -17.0% 25.0% Demand % -6.2% 20.1% Current Savings % 1.2% 12.8% Foreign Currency % -4.9% -0.7% Time Deposits % 0.8% 1.3% Time % -3.6% -10.8% Time Savings % -0.5% -0.3% Interbank % -1.0% -8.4% Foreign Currency % 9.2% 26.9% Total Deposits (excl. structured deposit) 1, , , , , % -0.6% 5.9% Total Deposits (incl. structured deposit) 1, , , , , % 6.6% Note: 1. Including postal deposits 2. Outstanding balance 27

29 Loan Mix NT$bn 2Q17 3Q17 4Q17 1Q18 2Q18 % 2Q18 vs 1Q18 2Q18 vs 2Q17 Corporate Loans % -1.0% 5.8% Consumer Loans % 2.0% 7.5% First Mortgage % 2.0% 6.0% Home Equity % 1.9% 9.2% Unsecured Loans % 2.9% 8.0% - Good Bank % 3.1% 8.9% - Bad Bank % -7.2% -25.5% Other Consumer Loans % 1.6% 8.2% - Auto Loan % 1.8% 10.9% - Second Mortgage % -4.1% -12.8% - Others % 5.0% 9.8% Total Loans % 0.7% 6.8% Note: 1. Unsecured loans include cash card, credit card revolving & loan products and personal lending. 28

30 NPL Ratios by Loan Book Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 Corporate Loan 1 NPL % % 0.30% 0.23% 0.25% 0.24% Consumer Loan 1 NPL % % 0.24% 0.24% 0.25% 0.27% - First Mortgage Loan NPL % 0.19% 0.22% 0.22% 0.20% 0.23% Consumer Unsecured IDRP Default % % 0.03% 0.02% 0.03% 0.04% NPL % 0.76% 0.66% 0.85% 0.77% 0.83% Note 1. NPL for corporate loan and overall consumer loan includes AR. 2. NPL calculation is NPL (including AR) / (total loan + overdue loan + credit card revolving). 3. IDRP monthly default rate is calculated as (current month default OS / last month pay). 29

投影片 1

投影片 1 100 第 1 季營運說明會 100 年 5 月 13 日 Disclaimer This presentation may include forward looking statements. All statements, other than statements of historical facts, that address activities, events or developments