First Financial : FFHC 2023 2Q Financial Results Presentation

First Financial Holding

First Half 2023 Earnings Result

August 31, 2023

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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Contents

• At a Glance
• Financial Highlight
• Operating Results
• Appendix

At a Glance

Riding on the Upcycle

• FFHC's 1H'23 earnings remained solid:
  A total of NT$13,158 mn(+28.5%,YoY) earnings in 1H'23 was posted. All subsidiaries showed resilient growing trend, Bank reached record high of NT$12,256 mn(+21.1%,YoY) for first half, largely surpassed 1H'22 performance.
• Riding on rate upcycle :

Given the US-TWN rate gap, SWAP gains plays the role of major profit driver, while Taiwan ceased rate-tightening, domestic lending cost may loosen a bit.

• FB's fee revenue rebounded in 2Q'23 :

Fee revenue took center stage in 2Q'23; WM related fee grew by +10.8% YoY while it was -7.7% YoY in 1Q'23. Demands from assets relocation remained strong, 2H'23 shall continue the pace.

• Weak export momentum shall recover from trough :

Inventory adjustment of tech sector peaked in 1H'23, market was boosted by AI arena which caught the eyes of investors. Should tech took the lead, export rebound and related loan demand are expected before long.

• FFHC's 2022 Sustainability Report is on-line now:
  2022 Sustainability Report is available from August, for more information, please visit our website www.ffhc.com.tw.

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