E.SUN FHC
Financial Review of 3Q 2023
November 2023
Disclaimer
This Presentation is provided by E.SUN Financial Holding Co., Ltd. ('E.SUN FHC'). E.SUN 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.
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. Those statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation.
大綱
- 2023 3Q Financial Performance
- 2023 3Q Business Operation Overview
- Appendix
E.SUN FHC Summary
Unit : NT$ million | |||
2023.09/1 | 2022.12/3 | ||
FHC | 3,591,870 | 3,479,560 | |
Total Assets | Bank | 3,566,001 | 3,458,024 |
Securities | 20,637 | 17,797 | |
Venture Capital | 6,189 | 4,979 | |
Book value per share (NT$) | 14.58 | 13.80 | |
Key Financials | |||
Double Leverage Ratio | 102.93% | 103.15% | |
FHC CAR | 138.08%/2 | 127.54% | |
Bank - domestic | 139 | 139 |
Branch: HK, LA, Singapore, Vietnam, Myanmar, | |||
Channels | Oversea channels | Tokyo, Fukuoka, Sydney, Brisbane | |
Subsidiary: China and Cambodia (UCB) | |||
Rep office in Hanoi, HCM City, and Bangkok | |||
31 overseas sites | |||
Securities - branches | 17 | 17 | |
Note: 1. Preliminary figures of September 2023 2. Audit figures of June 2023
3. Audit figures of Dec 2022
4. Share owned by QFII: 30.44%, as of September 30, 2023
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3Q23 Business and Financial Review
Financial Performance
- For 9M23, E.SUN FHC's net revenues was NT$48.2 billion. Net profit was NT$15.9 billion (+36.4%).
- EPS NT $1.04, ROE 9.96%, ROA 0.60%
- E.SUN Bank reported after tax net profit of NT $13.9 billion (+29.8%).
Business Operation
- Loan balance grew by 4.6% and exceeded NT $2 trillion, SME loan grew by 8%, consumer loan grew by 5.3%. As of 3Q, sustainability related loan accounted for 35.4% of corporate loan balance
- Net fee income was reported NT $15.8 billion (+8.3%) in 9M and $5.6 billion in 3Q, setting record high of single quarter. WM fee income was NT $6.9 billion(+13.8%) and credit card fee income was NT $5.3 billion(+14.6%).
- Asset quality was benign, NPL ratio at 0.17% and coverage ratio at 711.3%。
Highlights
- Honors and Recognitions: Winners in "The Wealth" Taiwan Financial Awards: "Sustainable Finance Award" (2014~2023), "Fintech Innovative Application" (2016~2023), "The Most influential Trust Service", and "The Most recommended by domestic clients".
- Winner of "The Asset ESG Jade Award", and is the only winner of Taiwan financials; Awarded by The Asian Banker with "Most Recommended Retail Bank", "Best SME Bank", and "Best Mortgage".
- E.SUN ESG Initiative: Invited 157 companies in Taiwan and overseas to join. The participating companies collectively commit to reduce 1.57 million tons of carbon emission by 2025.
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Financial Performance
Net Profit | EPS | |
Unit: NT$ million | Unit: NT$ dollars |
20,105 | 18,027 | 20,559 | |
15,759 | 15,886 | ||
1.73 | 1.54 |
1.43 | |
1.10 1.04
2019 | 2020 | 2021 | 2022 | 9M23 | 2019 | 2020 | 2021 | 2022 | 9M23 |
ROE
12.07% | 10.95% | |||
10.17% | 9.96% | |||
8.06% | ||||
ROA
0.84%
0.66% | 0.66% | 0.60% | ||
0.47% | ||||
2019 | 2020 | 2021 | 2022 | 9M23 | 2019 | 2020 | 2021 | 2022 | 9M23 |
Note: Preliminary figures of September 2023
4
Net Income of FHC & its Subsidiaries
Contribution by Subsidiaries
Bank
86.1%
Securities
5.9%
VC
8.0%
Note: Preliminary figures of Sep. 2023
Net Income of FHC and its Subsidiaries
Unit: NT$ million
9M22 9M23
+29.8% YoY | 15,886.5 |
13,943.9 | |
11,648.0 | |
10,746.5 |
+17.9% YoY +417.7% YoY
816.1 962.2 | 1,292.1 | ||
249.6 | |||
Bank | Securities | VC | FHC |
5
Net Profit Breakdown
9M23 P&L
9M22 P&L
Unit: NT$ million
48,190 (27,587)
(994)(3,713)15,886
Net Revenue | Operating | Net Provision | Income Tax | Net Profit | |
Expense |
+20.4% | +16.4% | +36.4% |
40,032 (23,698)
(1,491)
(3,182)11,648
Net Revenue | Operating | Net Provision | Income Tax | Net Profit | |
Expense |
Note: Preliminary figures of Sep. 2023
6
FHC Revenue Breakdown
Total Net Revenue
NT$ 48,190 million
Net Fee Income
32.7%
Net Interest
Income
44.4%
Fixed
Income, FX
& Others
22.9%
Note: Preliminary figures of Sep. 2023
YoY Comparison
Unit: NT$ million
9M22 | |
23,016 | 9M23 |
21,412 | |
+8.3% YoY |
15,758
14,550
11,020
2,466
Net Interest Income | Net Fee Income | Fixed Income, FX & |
Others |
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Net Fee Income Breakdown
Total Net Fee Income
NT$ 15,758 million
Consumer | Corporate | ||
Banking | Banking | Brokerage & | |
Wealth | 1.4% | 9.1% | |
others | |||
Management | |||
43.4% | 12.6% | ||
Credit Card
33.5%
Note: Preliminary figures of Sep. 2023
YoY Comparison
Unit: NT$ million
9M22 | |
+14.6% YoY +13.8% YoY | 9M23 |
6,845
6,017
5,278
4,607
2,1661,982 | |||||
1,524 1,426 | |||||
236 | 227 | ||||
Credit Card | Wealth | Consumer | Corporate | Brokerage | |
Management | Banking | Banking | & Others |
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Disclaimer
E.SUN Financial Holding Co. Ltd. published this content on 20 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 16:29:02 UTC.