CTBC Holding

Analyst Meeting Financial Review of 1Q23

May 15th, 2023

Investor Relations

DISCLAIMER

This presentation was prepared by CTBC Financial Holding (the "Company"). No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of this presentation and the information contained herein. In addition, the Company does not undertake any obligation to publicly update or revise the information contained herein, whether as a result of new information or future events.

The financial information in this presentation is preliminary and subject to audit or review by the Company's auditors. Furthermore, this presentation may include forward-looking statements regarding the Company's future operation or financial condition. Such forward-looking statements are subject to the Company's assumptions and expectations in light of currently available information and involve known and unknown risks, uncertainties, and other factors. Accordingly, the Company's actual performance results may substantially differ from those expressed or implied herein.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell any securities of the Company.

© CTBC Financial Holding

2

CTBC FHC

CTBC Holding's 1Q23 performance summary

Net profit of NT$13bn showed a strong QoQ recovery but down 21% YoY due

to loss at life subsidiary

CTBC Holding

ROE was 14.6%, ranked #1 among FHCs in Taiwan

A cash dividend of NT$1.0/per share, implying a payout ratio of 64.5% &

a dividend yield of 4.4% based on the closing price on Apr. 28th, 2023

Net profit of NT$11.4bn, up 38% QoQ & 53% YoY, ranked #1 among TW banks

Strong profitability owing to high NII, resumed fee growth, increased trading

CTBC Bank

income, and lower provisioning

Strong capitalization with CET1 ratio at 12% & resilient asset quality with

credit costs of 11bps

Net loss of NT$882mm showed a strong QoQ recovery but down YoY due to

elevated hedging cost

Taiwan Life

LT value products continued to grow despite weak FYP on lower sales of

investment-linked policies

Sufficient capitalization with RBC ratio at 254%

Other subsidiaries including CTBC Securities, CTBC Capital, CTBC AMC, CTBC

Other

Investments and Taiwan Lottery also showed a solid trend of recovery

Subsidiaries

Total net profit from other subsidiaries were up 1,212% QoQ and 230% YoY

© CTBC Financial Holding

4

CTBC Holding's profitability

Consolidated net profit

NT$ mn

QoQ+1528.3%

YoY-20.5%

16,292

16,292

12,959

12,959

8,003

7,891

-907

1Q22

2Q22

3Q22

4Q22

1Q231

3M22

3M231

ROE

%

CTBC Holding

TW FHCs avg.

12.09%

13.04%

11.53%

13.70%

16.51% 14.58%

8.16%

2018

2019

2020

2021

2022

3M22

3M231

EPS

NT$

2.73

0.84

1.85

2.16

2.15

0.66

1.55

2018

2019

2020

2021

2022

3M22

3M231

ROA

%

CTBC Holding

TW FHCs avg.

0.72%

0.79%

0.93%

0.65%

0.67%

0.69%

0.44%

2018

2019

2020

2021

2022

3M22

3M231

CTBC Holding's numbers are presented on a consolidate basis.

1. 1Q23/3M23 numbers are preliminary.

5

© CTBC Financial Holding

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

CTBC Financial Holding Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 12:24:03 UTC.