Financial Review of 2017 Q

Transcription

1 Financial Review of 217 Q

2 Disclaimer This presentation is provided by Bank of Kaohsiung Co., Ltd. ( BOK ).The information contained within is not reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by BOK. W hile we endeavor to provide accurate, complete and consistent information herein, BOK makes no guarantee or warranties to the accuracy or correctness of all the information contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter. Users should also notice that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance are forward-looking statements. By their nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive conditions, technological developments, general economic conditions and management changes. The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. BOK and its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document. 2

3 Summary Operations Review of 217 Q4 Financial Performance of 217 Q4 Prospects 3

4 Operations Review of 217 Q4 4

5 Operations Review of 217 Q4 Affected by Ching Fu Shipbuilding Co., Ltd. Long-term credit rating AA-(twn), Short-term credit ratingf1+(twn),outlook stable. Top ten banks of "Trust Services for Elderly and Disabled Persons ". Win the best service innovation award of electronic payment and 11th golden quality award. Loan of New Caoya land sale project. 5

6 Financial Performance of 217 Q4 6

7 Operating Result Pre-tax income(in NT mn) Net income(in NT mn) EPS after-tax (in NT$ dollar) ROA(%) (After-tax) ROE(%) (After-tax) Assets(in NT 1mn) 2,345 2,691 2,631 2,563 2,634 7

8 Unit: in NT mn Profit Trend Pre-tax income Net income EPS after-tax Pre-tax income(in NT mn) Net income(in NT mn) Unit: in NT dollar % -3.25% Pre-tax Net income income %.47 EPS after-tax (in NT$ dollar) Note: Increased allowance for uncollectible accounts to deal with bad debts of Ching Fu Shipbuilding Co., Ltd. and improve financial structure resulted in reduction of Net income and EPS in EPS after-tax 8

9 Net Revenue Breakdown 4, 3, 2, 1, 3,365 3,264 3,31 3,273 2,914 2,468 2,481 2,522 2,534 2, ,5 3, 2,5 2, 1,5 1, % 3,31 3, % 2,534 2,522 Unit: in NT mn -14.5% Net Revenue Net Interest Income Net Fee Income Net Revenue 2,914 3,365 3,264 3,31 3,273 Net Interest Income 2,269 2,468 2,481 2,522 2,534 Net Fee Income Net Revenue Net Interest Income Net Fee Income Note : Net fee income declined because the interest rate of policy reserve went down and life insurance company couldn t have loss from spread of cost resulted in commission dropping sharply. 9

10 Unit: in NT mn Stockholders Equity Stockholders Equity Common Stock BVPS Stockholders Equity Common Stock BVPS (in NT$ dollar) Unit: in NT dollar % % Stockholders Equity Note: Capital increased 1.8 billion by cash and shares increased 18 million in March 217 resulted in reduction of book value per share on December 31, 217. Common Stock % BVPS 1

11 Capital Adequacy Ratio Unit:% BIS Tier 1 Ratio

12 Assets Liabilities and Stockholders Equity Assets Liabilities Unit: in NT mn Stockholders Equity Other assets 1,697 1% Premises and equipment 2,94 1% Financial assets 65,498 25% Cash and cash equivalents 4,158 1% Loans 175,86 67% Financial debentures 4, 2% Due to Central Bank and other banks 5,923 2% Financial liabilities 5,37 2% Deposits and remittances 229,818 92% Other liabilities 4,128 2% Legal reserve 1,97 14% Cpital reserve 1,658 11% Other items in equity 527 4% Commom stock 1,32 71% Due from Central Bank and other banks 13,273 5% 12

13 Net Revenue Breakdown Net Income Provisions 59 18% Pre-tax Income % Operating Expenses 2,192 67% Net Revenue 3,273 1% Net Income from Financial Instruments 249 8% Net Fee Income % Other Income 74 2% Net Interest Income 2,534 77% Unit: in NT mn Net Revenue 13

14 Fee Income Breakdown Deposit 28 6% 217 Fee income FX 21 5% Others 28 6% Loan % % % Loan Wealth Management +7.69% +5.% -3.45% Deposit FX Others Unit: in NT mn Wealth Management % Loan Wealth Management Deposit FX 2 21 Others Total

15 Unit: in NT mn Operating Expenses 3,5 2,5 1,5 5 3,365 3,264 3,31 3,273 2,914 2,43 2,174 2,252 2,254 2, Net Revenue Operating Expenses Percentage(%) Net Revenue 2,914 3,365 3,264 3,31 3,273 Operating Expenses 2,43 2,174 2,252 2,254 2,192 Percentage(%) Unit: in NT dollar 4, 3, 2, 1, % 3,31 3, % 2,254 2,192 Net Revenue Operating Expenses % Percentage(%) 15

16 Unit: in NT mn Loan Deposit and FX Volumes 2,5 2, 1,5 1, 5 2,37.8 2, , , , , , , , , Loans Deposits FX Volumes Loans 1, , , , , Deposits 1, ,37.8 2, , , FX Volumes Unit: in US 1 mn 2,5 2, 1,5 1, % +.38% 2, , , , Loans Deposits % FX Volumes 16

17 Loan Breakdown % By customer +5.% Government Corporates Consumers % Government % 1,8 1,6 1,4 1,2 1, % 1,68.5 1,594.8 FCY Loans % NTD Loans By currency FCY Loans Unit: in NT/US 1 mn % Consumers % Corporates % NTD Loans 1, % 17

18 Deposit Breakdown By time +2.5% 1, % 1, % Demand Deposits Time Deposits Demand Deposits Ratio Time Deposits 1, % Demand Deposits % 2,5 2, 1,5 1, % 2, ,55.4 NTD Deposits FCY Deposits % By currency NTD Deposits 2, % % FCY Deposits Unit: in NT/US 1 mn 18

19 unit:% Interest Spread and NIM Interest Spread NIM

20 Unit : in NT 1 mn,% Assets Quality Coverage Ratio 25 NPL unit:% NPL Ratio NPL(in NT 1mn) NPL Ratio(%) Coverage Ratio(%)

21 Credit Ratings Taiwan Ratings Long term Short term Outlook 213 twbbb+ twa-2 Stable 214 twbbb+ twa-2 Stable Fitch Long term Short term Outlook 215 A+(twn) F1+(twn) Stable 216 A+(twn) F1+(twn) Stable 217 AA-(twn) F1+(twn) Stable 218 AA-(twn) F1+(twn) Stable 21

22 Unit : in NT dollar After-tax EPS and Dividend Policy 1% % 6% 93% 94% 95% 1% 74% EPS After-Tax 4% Dividend per share 2% % 7% 6% 5% 26% Cash dividend Stock dividend EPS After-Tax Dividend per share Cash dividend Stock dividend

23 Prospects 23

24 Prospects The effect of Ching Fu Shipbuilding Co., Ltd is over, credit rating is not changed and bank is on the right track. Support small and medium-sized enterprises, creative industry and green industry. Increase demand deposits,foreign currency deposit and promote business of OBU. Diversify sources of income. Enhance legal compliance,anti-money laundry and counter-terrorist financing. 24

25 Thanks for Listening 25