First Financial : FFHC 2023 1Q Financial Results Presentation

Disclaimer

This presentation is provided by First Financial Holding Co., Ltd. ("FFHC"). The information

contained within is not reviewed or 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 FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material 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 respect to such securities or other financial instruments. First Group and all 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.

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Keeping Resilient Growth Post-Pandemic

• Group recorded a resilient earnings in 1Q'23 :

FFHC posted a total of NT$6,630 mn(+34.1%,YoY) earnings in 1Q'23, in which Bank's net reached NT$6,320 mn(+31.2%,YoY), outpaced the same period of prior year and postured a resilient performance.

• Bank benefitted from currency SWAP gains, while other subsidiaries resumed positive contribution :

The widening spread for USD/TWD accelerated from 4Q'22 and unperpinned SWAP gains for bank unit; other subsidiaries resumed momentum in 1Q'23.

• Market looms on worries of macro while newly released inflation data eased:

Latest inflation data fell followed by weakening economy growth, bringing worries over macro since the rate-hike cycle has lasted for a year. Adjustments among sectors remained. Group is set to take adaptive measures on portfolio for coming quarters.

• Dividend payout at NTD 0.8 cash and NTD 0.3 stock:
  A proposal of NTD 0.8 cash dividend and NTD 0.3 stock dividend under NTD1.56 EPS in 2022 is subject to AGM approval. (Scheduled on Jun.16, 2023)

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