Thitikorn Public Company Limited

Thitikorn Public Company Limited1

Thitikorn Public Company Limited

“Motorcycle Hire- Purchase Specialist”

August 16, 2021


I. Company Profile

II. Industry Overview

III. Operational Results

IV. Financial Highlights

Contents


I.

Company Profile


Company Development

◼ 1972 Established with 1MB registered capital to provide motorcycle HP in Bangkok

◼ 1982 No.1 in terms of market share of motorcycle HP in Bangkok

◼ 1991 Increased registered capital to 70 MB

◼ 1995 Acquired 99.99% of CVA to expand HP business in Central and Eastern area

◼ 2000 Initiated motorcycle insurance program to minimize risk which later become the industry

standard

◼ 2002 Received award from The Consumer Protection Board

◼ 2003 Acquired CYP to provide automobile HP

Listed on the SET and raised fund of 1,100 MB

◼ 2005 Issued first TK’s Thai Baht-Debenture of 745 MB

◼ 2008 4-Stars Corporate Governance Scoring appraised by Thai Institute of Directors Association (IOD)

◼ 2010 Received Company Rating A- (Stable) from TRIS

◼ 2011 Acquired Cetelem (Thailand) Co., Ltd and changed its name to “TK Debt Services Co., Ltd.”

◼ 2012 Celebrate 40th year Anniversary

TK is one of the 17 listed companies to receive an “Investors’ Choice Award” from Thai Investors Association (TIA)

TK is one of the 9 Thai listed companies to be included in MSCI Small Cap Indices in November 30, 2012

◼ 2013 Total Assets surpassed 10,000 MB for the first time

◼ 2014 First overseas operation in Cambodia, “Suosdey Finance” in Phanom Phenn

Second overseas operation in Laos, “Sabaidee Leasing” in Vientiane

◼ 2015 Established TK NGERN TAN JAI with 50 MB registered capital to provide Nano Finance

◼ 2016 TK is one of the 12 listed companies to receive an “Investors’ Choice Award” from Thai Investors Association (TIA)

for the eight consecutive years from 2009 to 2016

Expanded two branches in Battambang and Siem Riep, Cambodia through Suosdey Finance.


Company Development

◼ 2017 Issued TK’s Thai Baht-Debenture of 1,800 MB, 3 –years, Fixed Rate 2.71% per annum.

Celebrate 45th year Anniversary, launch “ บน กน เทยว กบ TK” Free overseas package tour for new customers.

Expanded three branches in Kampong Cham, Svay rieng, Kampong Speu, Cambodia through Suosdey Finance.

Established a subsidiary “Mingalaba Thitikorn Microfinance Co.,Ltd” in Myanmar

◼ 2018 Completed the process for disposal of the ordinary shares of subsidiary “TK Debt Servives Co.,Ltd”

Expand two branches in Luang Prabang and Savannakhet, Laos through Sabaidee Leasing.

Issued TK’s Thai Baht-Debenture of 600 MB, 3 year, Fixed Rate 2.27% per annum.

◼ 2019 Recieved Microfinance Business License in Myanmar “Mingalaba Thitikorn Microfinance Co.,Ltd”

TK is 1 of the 193 listed companies to receive an 5-Stars Corporate Governance Scoring appraised by Thai Institute

of Directors Association (IOD)

On June 11, 2019 Submit a proposal to expand three branches in Pakse, Xieng Khouang, Udomchai, Laos through Sabaidee Leasing.

◼ 2020 Expanded six branches in Kampong Thom, Kampot, Banteay Meanchey, Takao, Pursat and Kampong Chhnang, Cambodia

through Suosdey Finance.

AGM approval of the acquisition and transfer of all shares in Myanmar Finance International Limited-MFIL in Myanmar

Received Company Rating A- (Negative) from TRIS

TK is one of the 6 listed companies that received a full score of 100 (for the 12th consecutive year) from an assessment

on the quality of the Annual General Meeting (AGM) from the Thai Investors Association (TIA)

◼ 2021 On March 24, 2021, Bank of Lao PDR issues temporary permits to open 3 branches in Pakse, Xieng Khouang, Udomchai, Laos through Sabaidee Leasing.

Established TK BROKER with 3 MB registered capital to provide non-life insurance broker services in Thailand


TK Group Structure

Motorcycle hire purchase provider

With 2,644 MB portfolio size

Thitikorn Plc. (TK)

Total net portfolio of 3,947 MB

* As of June 30, 2021

99.99%

99.99%

99.95%

Automobile hire purchase provider

with 230 MB portfolio size

Chayapak Co., Ltd. (CYP)



Suosdey Finance PLC.

Debt collection servicer

C.V.A . Co., Ltd. (CVA)



Sabaidee Leasing Co., Ltd.

86.89%

Nano Finance in Thailand


TK NGERN TAN JAI Co., Ltd

99.99%

Microfinance Subsidiary

in Myanmar


Mingalaba Thitikorn Microfinance Co., Ltd

99.87%


Success Factors

◼ Solid Capital Base : 5,388.3 million baht

◼ D/E ratio of 0.3 times : average D/E of financial sector is 7.7 times

◼ Abundant credit line from the leading financial institutions with

favorable terms & conditions and ample liquidity with over 1,600 MB in cash as of March 2021

◼ 58.2% of Total Assets are income generating assets

◼ High quality motorcycle HP portfolio with 8.6% NPL

◼ Very conservative accounting policy : recognized full amount of commission on day one

◼ Starting from January 1, 2020, the Group has adopted TFRS9 Financial Instruments

◼ Stringent loan provision : reserve full amount of the whole contract value

◼ A- rating by TRIS since 2010 to May 2021, on July 30, 2021 TRIS issued BBB+ (Stable) rating to TK

Proven Track Record

Solid Financial Position

◼ No.1 in motorcycle HP in Bangkok since 1982

◼ Most recognizable brand by motorcycle dealers & customers

◼ Reputable major shareholders - Dr.Chumpol Phornprapha & Families

◼ Proven management with market expertise more than four decades in HP industry

◼ Never been an NPL with any financial institutions since founded

◼ Large valuable database of over 3,000,000 customers

◼ Extensive & nationwide outlets with 75 branches in 57 provinces of Thailand

◼ Regional extensive 16 branches in Kingdom of Cambodia , Lao PDR and Myanmar

◼ Consistently provide HP service during any economic condition


II.

Industry Overview


Thailand Motorcycle Sales

Source : Thailand Motorcycle Hire Purchase Association, AP HONDA

79% 77%

77%76%

76% 75%

74% 74%

74%

75%

21%

23%

23% 24%

24%25% 26%

26%

26%

25%

2,125,6462,004,000

1,699,2181,671,237 1,738,254

1,810,856

1,788,459

1,719,373

1,517,682

989,870

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

2,200,000

2,400,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(7M)

BMA Provincial Area(Units)Motorcycle sales reached a new

record high for two consecutive

years in 2011 and 2012

From 2013 to 2015 sales continue

to decline for three consecutive

years due to slow down in

economic activities, however,

from 2016 to 2017 sale continue to

increase around 4% annually

Motorcycle sales 2020 decreased

by 11.7% to 1,517,682 units and

expected to increase 1.5% to

1,540,000 unit in 2021

~1,540,000 (1.5%)

~1,530,000 (0.8%)

Q1

436,215

Q1

431,004

Q2

437,826Q2

301,632

115,829 (Jul)874,041 (6M)

137,180 (Jul)732,636 (6M)

869,816


Monthly Motorcycle Sales

155,090

145,431

164,577

121,616

168,500

179,533

134,053

156,890

140,504

139,313

145,648

137,304

148,932

145,419

167,854

120,457

161,045

150,441

148,778 149,512

135,215

142,516

135,532

113,672

145,068139,080

146,856

78,959

97,438

125,235

137,180 143,574

133,590

126,453

120,223

124,026135,832130,363

170,020

134,138

142,265

161,423

115,829

50,000

65,000

80,000

95,000

110,000

125,000

140,000

155,000

170,000

185,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2018 2019 2020 2021(Units)2018 Motorcycle monthly sales,

6 out of 12 months were higher

than previous year

2019 Motorcycle monthly sales,


than previous year

2020 Motorcycle monthly sales,


than previous year


Motorcycle Hire Purchase in BMA

Source : Thailand Motorcycle Hire Purchase Association

* Ratio H1 Year 2012 => Cash sale in BMA 49% , HP financing in BMA 51%

TK estimate that cash sales

portion around 25%

51%46%

39%

61%

54% 49%

328,749

379,565 378,645

449,643457,782

364,969

395,190

436,815 460,676456,367 447,644

397,616

245,717

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(7M)

HP financing in BMA2 Cash sale in BMA(Units)

BMA : Bangkok and Metro Area

Q4

96,368

Q1

118,127

Q2

80,935

Q1

115,563

Q2

107,857

22,297 (Jul)223,420 (6M)

34,075 (Jul)199,062 (6M)

233,137


Category

Automatic

Family

Sport


Motorcycle by Category

Source : Thailand Motorcycle Hire Purchase Association, AP HONDA

38%

46%51%

49%48%

44%39%

35%35%

35% 36%

41%

43%

53%

50%46% 48%

48%49%

40%

46%48%

50% 51% 52%

52%

9%

4%

3%

3%

4%

7%

11% 19%17% 15%

13%

7%

5%

1,553,561

1,846,005

2,001,244

2,125,646

2,004,000

1,699,2181,671,237

1,738,254 1,810,8561,788,459

1,719,313

1,517,682

989,870

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

2,200,000

2,400,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(7M)

Scooter Family Sport(Units)


Thailand Automobile Sales

In 2012, Thai domestic auto sales

reached a new recorded high over 1.4

million units propelled by government

first time car buyer scheme

From 2013 to 2016 automobile sales

continue to decline for four

consecutive years from the First time

car buyer scheme in 2012, however,

from 2017 to 2018 sales continue to

increase 13.4% in 2017 and 19.5% in

2018

Thai Automotive industry in 2020

declined by 34.5% to 792,110 units,

and expected to increase by 6.1% to

7.3% in 2021

Source : Toyota Motor Thailand Co.,Ltd.

54.6%53.2%

52.6%58.1% 62.6%

63.6%

60.3%

61.6%

65.3% 67.8%

45.4%46.8%

47.4%41.9%

37.4%36.4%

39.7%

38.4%

34.7%

32.2%

1,434,669

1,330,678

881,832

799,632 768,788

871,650

1,041,739 1,007,502

792,110

373,191

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

1,100,000

1,200,000

1,300,000

1,400,000

1,500,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(6M)

Passenger car Commercial vehicle(Units)

~750,000

(7.3%)

* 850,000 – 900,000

~900,000

(-5.3%)

~840,000(6.1%)

Q1

200,064

Q2

128,540

Toyota * 840,000Mazda

Thailand Automotive Institute * 750,000

Q1

194,137

Q2

179,054

Q2

128,540

328,604


Monthly Automobile Sales

66,545

75,466

95,082

79,206

84,965

87,85481,946 86,814

88,70686,931

94,643

113,581

78,061

82,324

103,164

86,07688,097

86,04881,044 80,838

76,195

77,12179,299

89,285

71,688

68,271 60,105

30,109

40,418

58,01359,335

68,883

77,907

74,11579,177

104,089

55,208

58,960

79,969

58,132

55,948

64,974

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

120,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2018 2019 2020 2021(Units)2017 and 2018 Automobile sale

continue to increase for 2

conservative years

2018 Automobile monthly sales, 12

out of 12 months were higher than

previous year

2019 Automobile monthly sales, 5 out

of 12 months were higher than

previous year.

2020 Automobile monthly sales, 1 out

of 12 months were higher than

previous year.


Popular Vehicle SUV, MPV & PPV

Car by Category


III.

Operational Results


Hire Purchase Business

Business

Policy

Hire purchase provider for all brands

Focus on new motorcycle hire purchase

Hire purchase term of 24 - 36 months

All brands such as Honda, Yamaha,

Suzuki, Kawasaki, etc.Product

Brands

Categorized by Outstanding Duration

Hire purchase provider mainly

Brand new cars

(95% new cars and 5% second hand cars)

Hire purchase term of 48 - 60 months

All brands mainly Toyota, Isuzu,

Honda, Nissan, Ford, Mitsubishi etc.

Motorcycle Automobile

Categorized by Outstanding Duration

Hire Purchase

Account

Receivables

Balance as of

Jun 21

<=12 month

21.61%

>12 month

78.39%13-36 month

41.45%

<=12 month

9.05%

>36 month

49.50%


TK Branches & Networks

Networks

◼ Servicing over 587 motorcycle

strategic alliances

◼ Servicing over 45 automobile

strategic alliances

◼ Multiple payment channels nationwide

Network

Suosdey Finance

12 branches

Phnom Penh Kampong Cham

Battambang Kampong Speu

Siem Reap Svayrieng

Kampong Thom Kampot

Banteay Meanchey TakaoKampong Chhnang Pursat

TK Branch

North = 13

North-East = 21

Central = 18

East = 13South = 10

As of May 15, 2021

Branches

◼ Extensive 75 branches in 57 provinces out of 77

provinces in Thailand

◼ Three subsidiaries

* Suosdey Finance, the head office locates in

Phnom Penh, Kingdom of Cambodia

* Sabaidee Leasing, the head office locates in

Vientiane, Laos People’s Democratic Republic

* Mingalaba Thitikorn Microfinance,

the head office locates in Baco, Republic of the

Union of Myanmar

Branch

* Expansion Plan by Q1/2022

Sabaidee Leasing

3+3 branches

Vientiane

Luang Prabang

Savannakhet

Pakse*

Xiang Khoang*

Udomchai*

Mingalaba Thitikorn

Microfinance

1 branchBago Regions-Monyo*


IV.

Financial Highlights


Revenue, Expense and Net Profit

“From 2015 to 2017, TK operation has

continued to improve from our

stringent credit approval policy,

branch network expansion both locally

and regionally.”

2018 Thai Economy started to

slowdown from second half, TK

tighten terms& conditions and

accelerate write off for some group

of customers

2019 to 2020, TK continued to tighten

terms & conditions and accelerate

write off especially during COVID19

Pandemic

3,394.1 3,371.3

3,653.6

3,871.8

3,719.1

2,548.2

622.3 499.5

1,363.2

1,038.3

2,986.4 2,940.9

3,181.4

3,470.2

3,232.8

2,178.2

574.6

380.4

1,219.0

820.6

408.3429.7

467.0

401.1481.1

367.6

48.8118.4

142.8

215.9

0

100

200

300

400

500

600

700

800

900

1,000

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

2015 2016 2017 2018 2019 2020 Q2/2020 Q2/2021 6M/2020 6M/2021

Total Income (LHS) Total Expense (LHS) Net Profit (RHS)

Unit : Mb Unit : Mb


Revenue Breakdown

99.5% of Total Revenues contributed by Motorcycle HP Interest and

Other Incomes

Q1/2021 Total Revenues = 539 MB

Motorcycle Hire Purchase Income

364 MB (67.6%)

Other Income

172 MB (31.8%)Automobile Purchase Income

3 MB (0.6%)

Q2/2021 Total Revenues = 499 MB


343 MB (68.6%)

Other Income

154 MB (30.9%)Automobile Purchase Income

2 MB (0.5%)

2020 Total Revenues = 2,548 MB


1,977 MB (77.6%)

Other Income

555 MB (21.8%)

Automobile Purchase Income

16 MB (0.6%)


Total Assets vs. Hire Purchase Account Receivables

62.5% of TK Total assets are HP

portfolio which generate stable

monthly cash inflow from monthly

installment from diversify customers

over 177,914 accounts

As of December 2020, Cash has

reached record high of 2,213 million

Baht or 30.1% of Total Assets

9,0329,372

7,439

4,5914,249

3,947

193438

1,021

1,8131,607

1,235

400400

1,100

793768

703

453540 498

10,01810,578

9,163

7,2576,796 6,780

0

2,000

4,000

6,000

8,000

10,000

12,000

2017 2018 2019 2020 Q1/2021 Q2/2021

Receivables* Cash Fixed Deposit OtherUnit : Mb

*Included Loan Receivables

23.7%

1.9%

3.8%

4.1%

-20.6% 11.1%

-38.3%

24.6%

-7.5%

18.2%

34.4%29.5%30.5%

-7.1%


Note:Net HP recievable (less allowance for doubtful a/c)included SSD & SBD

High Quality HP Portfolio

* HP recievable

24

< 3 mth

91.4%

>6 mth0.5%

4-6 mth8.1%

6,940

4,054 3,7743,529

0

1,500

3,000

4,500

6,000

7,500

2019 2020 Q1/2021 Q2/2021

Motorcycle HP portfolio Q2/2021Unit : Mb

310

214

187 176

0

100

200

300

400

2019 2020 Q1/2021 Q2/2021

Automobile HP portfolio Q2/2021Unit : Mb

-41.6%

>6 mth

9.2%

<3 mth

86.6%

4-6 mth

4.2%

Aging of Motorcycle Q2/2021 *

Aging of Automobile Q122021 *

-6.9%

-31.0%

-12.6% -5.9%

-6.5%


High Quality HP Portfolio

Current -3 mth

4,373 MB (91.5%)

> 6 mth

41 MB (0.8%) 4-6 mth

366 MB (7.7%)

Q1/2021 : Aging of Total HP Portfolio (4,780MB)

Prudent expansion policy with strict credit approval process

and strong collection team create sustainable HP portfolio

Q2/2021 : Aging of Total HP Portfolio (4,438 MB)

Current -3 mth

4,032 MB (90.9%)

> 6 mth

49 MB (1.1%)

4-6 mth

357 MB (8.0%)

Current -3 mth

4,678 MB (90.8%)

> 6 mth

51 MB (1.0%)

4-6 mth

424 MB (8.2%)

2020 : Aging of Total HP Portfolio (5,153 MB)


Suosdey Finance PLC-Phnom Penh


Suosdey Finance PLC-Battambang Branch


Suosdey Finance PLC- Siem Reap Branch


Suosdey Finance PLC- Kampong Cham Branch


Suosdey Finance PLC- Svay rieng Branch


Suosdey Finance PLC- Kampong Speu Branch


Suosdey Finance PLC- Kampong Chhnang Branch


Suosdey Finance PLC- Banteay Meanchey Branch


Suosdey Finance PLC- Kampong Thom Branch


Suosdey Finance PLC- Kampot Branch


Suosdey Finance PLC- Takao Branch


Suosdey Finance PLC- Pursat Branch


Suosdey Finance PLC

< 3 mth95.7%

>6 mth2.2%

Motorcycle Q1/2021

4-6 mth2.1%

< 3 mth96.3%

>6 mth2.2%

Motorcycle Q2/2021

4-6 mth1.5%

1,031.2

899.5 931.4 903.8

14.3 19.8 20.2 20.131.233.6 40.3

66.849.1

34.1 39.5 55.539.0 34.1 39.5 55.5

0

200

400

600

800

1,000

1,200

2019 2020 Q1/2021 Q2/2021

Net HP A/R NPL (>6mth) NPL (>3mth) Loan provision Before-GR

Unit : Mb

358.9388.8

100.677.7

77.7

204.0

158.0158.0

220.9

334.2

62.7

91.191.6

131.1

171.0

170.8

138.0

54.6 38.0

-13.4 -13.9

72.8

-13.0 -12.8-40

0

40

80

120

160

200

240

280

320

360

400

440

2019 2020 Q2/20 Q2/21 Q2/21* 6M/20 6M/21 6M/21*

Income Expense Net Profit

Unit : Mb

*Q2/2021, loss (gain) from exchange rate (454,586.40) baht39


Sabaidee Leasing Compamny Limited


Sabaidee Leasing – Luang prabang


Sabaidee Leasing – Savanakhet


Sabaidee Leasing

< 3 mth97.6%

>6 mth0.1%

Motorcycle Q2/2021

4-6 mth2.3%

< 3 mth98.2%

>6 mth0.2%

Motorcycle Q1/2021

4-6 mth1.6%

265.50

202.70 196.40 188.55

0.00 0.41 0.39 0.095.10 5.83 3.604.4310.80 7.02 5.60

6.258.10 7.025.60

6.25

0

50

100

150

200

250

300

2019 2020 Q1/2021 Q2/2021


Unit : Mb

101.2 92.7

22.620.1

20.1

51.640.7 40.7

74.381.3

28.5

14.3 12.9

44.5

27.2 24.726.9

11.4

-5.9

5.8 7.2 7.113.5 16.0

-20

0

20

40

60

80

100

120

2019 2020 Q2/20 Q2/21 Q2/21* 6M/20 6M/21 6M/21*


Unit : Mb

*Q1/2021, loss (gain) from exchange rate 1,061,611.21 baht44


Branches Expansion Plan of Sabaidee Leasing Co.,Ltd

Sabaidee Leasing Co.,Ltd plan to expand its branches into 3 provinces with objectives of branch expansion

and facilitate customers’ demand to access company service.

1. Pakse Province

2. Xieng Khouang Province

3. Udomchai Province

The expected period of opening for these

Branches is Q1/2022


Mingalaba Thitikorn Mircrofinance Co., Ltd

◼ 29th April 2019, recieved Microfinance Business License in Myanmar “Mingalaba Thitikorn Microfinance Co.,Ltd”


Mingalaba Thitikorn Microfinance

0.00.10

0.04 0.07 0.07 0.10.2 0.2

1.1

1.7

0.4 0.4 0.4

0.8 0.8 0.8

-1.1

-1.5

-0.3 -0.3 -0.3-0.7

-0.7 -0.6

-1.8

-1.5

-1.2

-0.9

-0.6

-0.3

0.0

0.3

0.60.9

1.2

1.5

1.8

2.1

2019 2020 Q2/20 Q2/21 Q2/21* 6M/20 6M/21 6M/21*


Unit : Mb

1.13 1.11

0.80

0.050.02 0.00

0.0

0.2

0.4

0.6

0.8

1.0

1.2

Q4/2020 Q1/2021 Q2/2021


Unit : Mb

<3 mth100.0%

>6 mth0.0%

Motorcycle Q2/2021

4-6 mth0.0%

< 3 mth100.00%

>6 mth0.0%

Motorcycle Q1/2021

4-6 mth0.0%

*Q2/2021, loss (gain) from exchange rate 30,715.54 baht47


พมา ถงจดดบแลวและมประชากรในชาต ตดโควด เปนลานๆคน ในขณะน เปนเพราะ รฐลมสลาย สาธารณสขหมดหนทางในการปฏบตแลว ประชากรทอาการหนก ทยอยตาย ทปวยกอาการเรมหนก ทส าคญความอดอยากหวโหย เขาสภาวะยากแคนแสนสาหส..และทส าคญสงครามกลางเมองทนบวนจะเปนสงครามกองโจรแลวความล าบากแสนสาหส ของประชากร ไดเรม หาหนทางเอาตวรอดจากภาวะเชนน.ประเทศไทย..ทจะเปน หนทางทอาจจะมโอกาสรอดจะมคนพมามากมายทจะหนเขามาในประเทศไทย

พมาถงจดดบประชากรตดโควดเปนลานๆ


น าทวมเมาะละแหมง


แมน าเมยลนตลงตาก - ฝนยงตกหนกน าเมยลดระดบ แตยงลนตลงทวมชายแดน 2 ประเทศ..ลาสดพบกาสโนรมเมยจมมด กภยเมยนมาตองขบเรอฝากระแสน าเชยวกรากชวยทงไทย-พมาตดคาง สวนฝงแมสอดเจอดนสไลดซ า แมระมาดยงอวม


High Coverage Ratio (Back Tested TFRS9)

8,148

5,1534,780

4,438

33 51 41 49367 475 407 406

710 562 531 491

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2019 2020 Q1/2021 Q2/2021

HP A/R NPL (>6mth) NPL (>3mth) Loan provision TFRS 9

Unit :MB


High Coverage Ratio

3351 41 49

367

475

407 406

710

562

531491

193.5%

118.0%

130.4%

120.9%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

140.0%

160.0%

180.0%

200.0%

0

100

200

300

400

500

600

700

800

2019 2020 Q1/2021 Q2/2021

NPL (>6 mth) NPL (>3 mth) Loan provision %coverage ratio

%Coverage ratio

General Reserve

632 (*7.8%)

77

(*8.7%)

(*11.1%)

Unit : Mb

(10.9%)*

(*11.1%)


Profitability

32.2 32.1 32.9

30.432.2

30.9

10.08.1

9.7

6.9 7.2 8.0

5.03.9

5.14.5 5.5 6.1

2.7 2.7 3.0 3.0 3.52.9

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

2017 2018 2019 2020 2021 (Q1) 2021 (Q2)

Spread(%) ROAE (%) ROAA (%) Interest Expenses (%)

* Annualized

%


สถานการณ COVID-19 ณ ปจจบน

Source : Worldometer54

55

LINE & TK PLUS

266

36,707

100,977

118,572

249

73,246

81,440

0.1%

17.7%

72.3%

101.3%

0.2%

52.5%

69.6%

-10.0%

10.0%

30.0%

50.0%

70.0%

90.0%

110.0%

-10,000

10,000

30,000

50,000

70,000

90,000

110,000

130,000

2018 2019 2020 2021 (7M)

TK PLUS (LHS) LINE@TK PLUS (LHS) % TK PLUS (RHS) %LINE@TK PLUS (RHS)


Strictly Private & Confidential


69 Ramkamhaeng Rd., Huamark, Bangkapi, Bangkok 10240

Tel: 662-310-7000 Fax: 662-318-3339

e-mail: [email protected]


Credit Rating

บรษททจดอนดบ วนท กลม Leasing อนดบเครดต แนวโนมอนดบเครดต

TRIS RATING 30.7.64 TK BBB+ Stable

30.7.64 S11 BBB- Stable

07.6.64 SAWAD BBB+ Stable

07.6.64 BFIT BBB+ Stable

31.5.64 MTC BBB+ Stable

27.5.64 TIDLOR A Stable

21.4.64 TISCO A- Stable

20.4.64 AYCAL AA+ Stable

08.4.64 MICRO BB+ Stable

Fitch Rating 11.3.64 AEONTS A-(tha) Stable

ประวตการจดอนดบเครดต TK โดย TRIS RATING ทผานมา

หลกทรพย ป วนท อนดบเครดตองคกร แนวโนมอนดบเครดต

TK 2549 14.11.49 BBB+ Stable

2550 21.12.50 BBB+ Stable

2551 2551 BBB+ Stable

2552 04.3.52 BBB+ Stable

2553 31.3.53 A- Stable

2554 25.4.54 A- Stable

2555 10.7.55 A- Stable

2556 15.7.56 A- Stable

2557 18.3.57 A- Stable

2558 25.9.58 A- Stable

2559 25.9.59 A- Stable

2560 22.8.60 A- Stable

2561 10.8.61 A- Stable

2562 22.7.62 A- Stable

2563 31.7.63 A- Negative

2564 30.7.64 BBB+ Stable

การจดอนดบเครดต กลม Leasing โดย TRIS RATING ในป 2564

57

58

4.6%

95.4%

มณฑลหเปย อนๆ

สดสวน GDP พนทสแดงเขม

% สดสวน GDP อฮน Lockdown ของจน

4.2%

95.8%

มณฑลหเปย อนๆ

สดสวนประชากรมณฑลหเปย


สถานการณ COVID-19 ณ ปจจบน

Source : Worldometer59


สถตการเกดอบตเหตในประเทศไทย

ทมา:Thai RSC

สถตการเกดอบตเหต ป 2561 ป 2562 ป 2563 ป 2564

บาดเจบสะสม(ราย) 1,036,096 924,966 1,014,421 444,363

เสยชวต(ราย) 16,137 17,245 15,748 6,801

เสยชวตเฉลย/วน(ราย) 64 54 64 65


คาดการณระยะเวลาทใชในการควบคมโรค


ผลกระทบจากการระบาดระลอกท 3


สดสวนหนครวเรอนตอGDP


Household Debt/GDP สงสด 81.2% ในป 2015 และท าสถตใหม 90.5% ณ ไตรมาส 1ป 2021

43.70

45.10 44.40

51.7052.40

57.90 59.30

67.10

71.80

76.60

79.70 81.20

79.40 78.10 78.4079.9

89.30 90.50

-

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

40.00

43.00

46.00

49.00

52.00

55.00

58.00

61.00

64.00

67.00

70.00

73.00

76.00

79.00

82.00

85.00

88.00

91.00

94.00

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1/21

Household Debt Outstanding Balance %of GDP% Unit : Trillion Baht

Source : Bank of Thailand and Kasikorn Research Center

64


Household Debt/ GDP VS Growth GDP :

43.70 45.10

44.40 51.70

52.40 57.90

59.30

66.20 71.80

76.60

79.70

80.30 79.90 78.30 78.60 80.00

89.40 90.50

6.2%

4.5%5.1% 4.9%

2.5%

-2.3%

7.6%

0.9%

7.4%

2.7%

1.0%

3.0% 3.3%

3.9% 3.8%2.3%

-6.1%

-2.6%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

0.50

10.50

20.50

30.50

40.50

50.50

60.50

70.50

80.50

90.50

100.50

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1/21

Household Debt/GDP GDP Growth Rate

%Household Debt/GDP %GDP Growth Rate

Source : Office of the National Economic and Social Development Board, Bank of Thailand

หนครวเรอนสง + เศรษฐกจถดถอย = การใชจายทลดลงถงแมรฐบาลจะใชเงนถง10% ของ GDP เพอกระตนเศรษฐกจ

65


เศรษฐกจตดลบ 2 ปซอน


การพฒนาในระยะทผานมา และแนวโนมอนาคตในระยะสน


Thailand has worst projected economic rebound this year across Asean-6


ประมาณการจดพไทย ป 2564

ทมา:กรงเทพธรกจ

ส านกวแคราะหเศรษฐกจ ใหม เดม

SCB EIC 0.9 1.9

KKP 0.5 1.5

เอดบ 2.0 3.0

กรงศรฯ 1.2 2.0

กสกรไทย 1.0 1.8

ธนาคารโลก 2.2 3.4

กรงไทย 0.5 1.2

กกร 0.8 1.3

ธปท. -0.8 3.0

ASPS 1.7 2.6

สแตนดารด 1.8 2.4

สภาพฒนฯ 2.0 3.0

สศค. 2.3 2.8

ม.หอการคาฯ 1.6 2.8

ไอเอมเอฟ 2.1 2.6

กระทรวงการคลง 1.3 2.3

ซไอเอมบไทย 1.3 2.2

กนง. 0.7 1.8


คาดการณนกทองเทยวตางชาต ป 2021


สถตนกทองเทยวตางชาตทเดนทางมาประเทศไทย

0.59

0.78

0.98

1.211.17

1.46

1.63

1.831.88

1.93

0.33 0.33

0.00 0.00

15.9

19.222.4

26.524.8

29.9

32.5

35.5

38.239.8

6.7

1.2

16.0

32.0

40.0

6.7

0.02

0.00

0.02

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(F) 2022(F) 2023(F) 2024(F) Jan-Mar20

Jan-Mar21

Apr-Jun20

Apr-Jun21

จ านวนเงน จ านวนคนUnit : Trillion Baht ลานคน

Source : Ministry of Tourism & Sport71


สถตรายไดจากการทองเทยว

1.91

0.33

0.09

1.08

0.48

0.32

0.10

39.91

6.70

1.20

0.00

229.74

123.21

60.00

36.08

-10.00

20.00

50.00

80.00

110.00

140.00

170.00

200.00

230.00

260.00

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

1.10

1.20

1.30

1.40

1.50

1.60

1.70

1.80

1.90

2.00

2.10

2.20

2.30

2019 2020 2021(F) 2021(6M)

รายไดจากนกทองเทยวตางชาต รายไดจากไทยเทยวไทย จ านวนนกทองเทยวตางชาต (ลานคน) จ านวนนกทองเทยวไทย (ลานคน-ครง)

Unit : Trillion Baht

Source : Ministry of Tourism & Sport

ลานคน

72


อตราการฆาตวตายในประเทศไทย

ในป 2563 เมอเกดการระบาดของโควด 19 อตราการฆาตวตายส าเรจ ปรบตวสงขนมา อยท 7.4 ตอประชากร 1 แสนคน ซงหากมองตวเลขนเปนอตรา อาจมองไมเหนน าหนกของความส าคญนก แตถาเปรยบเทยบกบมประชากร 66.2 ลานคน หมายความวาประเทศไทย ฆาตวตายส าเรจ เกอบ 4,900 ราย

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