02 February 2018 THANI. Performance FY2017

Transcription

1 02 February 2018 THANI Performance FY2017

2 Contents 1 Company Executive Summary 2 Performance FY2017

3 Company Executive Summary

4 Key Development Best Company Performance Awards A-(Stable) company rating from TRIS Rating Opened another branch at Chiang Rai Opened another branch at Ubon Raththani 2016 Listed in the Stock Exchange of Thailand 2002 Opened 4 branches i.e. Khon Kaen NakhonRatchasima, Phitsanulok, and Rayong 2008 The Company increased capital by Right Offering and Thanachart Bank held 65.18% stake in the Company BBB+ company rating from TRIS Rating Opened 2 another branches at Song Kla (Hat Yai) and Nakorn Sawan 1988 The Company was incorporated under the original name Ratchthani Leasing Co., Ltd BBB company rating from TRIS Rating Thanachart Bank became the major shareholders of the Company. held 48.35% Stake in the Company Opened another branch at Surat Thani

5 Key Highlight Member of SET100 Index 2 Member of SET High Dividend 30 Index 3 Member of MSCI Global Small Cap 4 Member of ESG100 Index 5 Member of Thailand's Private Sector Collective Action Coalition Against Corruption (Re-certification)

6 Segment Hire Purchase Port Truck Luxury Cars New Truck Used Truck Super Car Hi-End Car Motorcycle Taxi Other Big Bike Taxi Passenger Car Tractor Pick-Up Home Car Bus

7 Competitors

8 FY 2017 Performance

9 Profit and Loss Operating Results * Unaudited FY2015 FY2016 FY2017* Million Baht (%YoY) Million Baht (%YoY) Million Baht (%YoY) Interest Income 2, (1.49)% 2, % 2, % Interest Expense 1, (5.18)% (6.83)% (6.82)% Net interest income 1, % 1, % 1, % Non-interest income % % % Total Income 1, % 2, % 2, % Non-interest expense % % % Profit before provision 1, % 1, % 1, % Provision (4.72)% % % Profit before Income tax % 1, % 1, % Income tax % % % Net profit % % 1, %

10 Key Ratio Key Financial RATIO FY2014 FY2015 FY2016 FY2017* ROE 19.83% 17.73% 18.41% 21.17% ROA 2.55% 2.61% 2.80% 3.09% Net Profit Margin 25.57% 26.91% 29.56% 34.04% Yield 8.48% 7.98% 7.75% 7.40% COF 4.58% 4.30% 3.67% 2.90% Spread 3.89% 3.68% 4.08% 4.50% Cost to Income Ratio 20.96% 23.12% 21.41% 20.48% Credit cost 1.53% 1.39% 1.55% 1.40% Credit cost (excl GEN) 1.27% 1.12% 0.86% 0.65% Coverage Ratio 62.30% 72.09% 93.73% % NPL Ratio 5.22% 4.62% 4.43% 4.10% D/E Ratio Loan Growth 1.75% 5.92% 9.25% 17.83% * Unaudited

11 Assets , ,577 30, , , , , , ,123 (MB) Other Leasing Hire Purchase Key Highlights FY2017 assets increased with FY2016 approx % from expand HP port from domestic economic starting turn around. FY2017, mainly proportion of Hire purchase port is truck around 70%. * Unaudited

12 (MB) Liabilities Borrowing Float Rate 0.00% 25,707 27,414 29,844 32,869 24,937 26,889 28,355 31,282 33,864 Short term 51.23% Long Term 48.77% Fixed Rate % (MB) 100 Borrowings Breakdown ,973 11,370 12,441 15, ,749 13,499 13,549 10,695 12,950 18,398 12,138 16,981 16,842 17,342 12,421 15,931 12,775 11,045 Long Term Borrowing - Float Rate Long Term Borrowing - Fixed Rate Short term Borrowing - Fixed Rate Key Highlights FY2017 borrowings increased by 5,414 MB or 19.56% from FY2016. This was due to the company expand port effect from domestic economic starting turn around. FY2017 long term and short term proportion of borrowing as 48.77% and 51.23% respectively. FY2017 Fixed interest rate proportion as % matching with fixed rate from loan yield. * Unaudited

13 Profitability & Total Income (MB) Net Profit ROA and ROE (Percent) ROE ROA 3.22% 3.27% 2.77% 2.81% 2.72% 2.87% 2.91% 2.90% 2.30% 23.23% 23.22% 17.81% 18.63% 18.55% 19.21% 19.42% 20.17% 15.00% (MB) Total Income Profitability 4Q2017 Total income and net profit amounted to 869 MB and 320 MB respectively. ROA and ROE in 4Q2017 is at 3.27% and 23.22% respectively. Other Income Interest Income * Unaudited

14 Interest Income & Expenses (MB) Interest Income and Interest Expenses Yield, Cost of Fund, and Spread Spread Cost of Fund Yield 7.95% 7.83% 7.86% 7.67% 7.51% 7.60% 7.46% 7.24% 7.23% % 4.06% 3.70% 3.55% 3.26% 3.15% 3.08% 2.83% 2.60% 3.72% 3.77% 4.16% 4.12% 4.25% 4.45% 4.38% 4.41% 4.63% Interest Income Interest Expense Key Highlights 4Q2017 Interest income has been increased from 3Q2017 approx. 4.00% from hire purchase loans. 4Q2017 spread continuously increased from Q2017 Yield, Cost of Fund and Spread at 7.23%, 2.60% and 4.63% respectively. * Unaudited

15 Operating Expenses (MB) Operating Expenses Cost to Income Ratio (Percent) 24.19% % 21.82% 21.91% 19.69% 21.18% 19.94% 19.34% 21.41% Key Highlights FY2017 cost to income ratio at 20.48% slightly decreased from FY2016 is at 21.41%. * Unaudited

16 Provision Expenses (MB) Provision expenses Credit Cost General Reserve Normal Provision Credit Cost (Excl Gen) Credit Cost % 1.38% 1.57% 1.53% 1.72% 1.60% 1.61% % 1.05% 1.07% 1.04% 1.09% 0.69% 1.04% 1.26% 1.18% 0.79% 0.71% Key Highlights Total provisions in 4Q2017 was at 117 MB. Credit Cost (exclude Gen) 4Q2017 was at 0.71%. Total general reserve FY2017 was at 280 MB increased amount 60 MB from FY2016. * Unaudited

17 NPLs and Reserve (MB) NPL NPL Ratio and Coverage Ratio (Percent) NPL Ratio Coverage Ratio 1,381 1,368 1,386 1,478 1,515 1,518 1,639 1,680 1, % 87.92% 93.73% 85.99% 72.09% % % % % 4.62% 4.40% 4.32% 4.48% 4.43% 4.23% 4.40% 4.29% 4.10% (MB) Total Loans Key Highlights 34,304 29,983 31,655 28,921 30,888 32,757 35,605 37,431 38,598 NPL ratio in FY2017 was at 4.10% decreased from FY2016. Coverage Ratio in FY2017 at % increased from general provision. * Unaudited

18 THANK YOU