Krungthai Card Public : Q2/2022

KTC Factsheet 30 June 2022 (Unreviewed)

Krungthai Card Public Company Limited operates consumer finance business under the Company's vision "KTC is a membership

company in payment and retail lending business with sustainability as key element".

	Registered / Paid-up Capital	Baht 2,578.3 Million (Par 1 Baht)
	Market Cap.	Baht 138,585.46 Million (Jul 20th, 2022)
	BVPS (Baht)	10.9
	No. of Account (Million)	3.3
SHAREHOLDER STRUCTURE
			Foreign
			13.68%
		KTB	Thai Institution
		49.29%	14.17%
			Thai Individual
			22.86%
MAJOR SHAREHOLDER
1.	KRUNGTHAI BANK PCL.		49.29%
2.	MR. MONGKOL PRAKITCHAIWATTANA	10.15%
3.	THAI NVDR		7.59%
4.	MS. CHANTANA JIRATTITEPAT		4.59%
5.	UOB KAY HIAN PTE LTD A/C - RC		3.68%

PORTFOLIO BREAKDOWN	KEY PERFORMANCE 1H22
3,641 MB - Conso
Credit Card	Personal Loan	(9.9% yoy)	95,069 MB
	32.0%	3,621 MB - Separate
64.6%
				(9.5% yoy)
				Net Profit	Total Port - Gross
		LEASING		109,782 MB	3.5 %
			(16.6% yoy)
		3.4%
				Total Spending	Total Port - NPL
KTC'S MARKET SHARE		Y2021	5M2021	5M2022
Credit Card
Number of Cards			10.1%	10.4%	10.0%
Total Card spending			11.9%	12.1%	11.8%
Credit Card Receivables			13.1%	13.7%	13.7%
Personal Loan
Number of Accounts			4.0%	4.5%	3.8%
Personal Loan Receivables		4.1%	4.9%	4.0%

INDUSTRY VS. KTC (5M2022)

Growth (YoY)	Industry	Commercial	Non-Banks	KTC
		Banks
Number of Cards	3.3%	3.2%	3.4%	(0.9%)
Total Card	18.5%	19.3%	16.9%	15.3%
Spending
Credit Card	9.8%	9.9%	9.7%	9.4%
Receivables
Personal Loan	23.0%	35.4%	14.7%	2.1%
Receivables

KTC PORTFOLIO

Credit Card	Y2021	1H2021	1H2022	Personal Loan				Leasing
		Y2021	1H2021	1H2022
						Y2021	1H2021	1H2022
Credit Card	2,515,110	2,544,573	2,525,367	Accounts	751,676	797,382	756,960
(CIF Cards)					Gross
Gross Receivables				Gross	29,235	29,480	30,460	Receivables	3,199	4,255	3,184
60,201	55,708	61,426	Receivables (MB)	(MB)
(MB)
NPL	1.2%	1.5%	1.2%	NPL	2.9%	3.0%	2.8%	NPL	54.3%	51.7%	54.0%

FINANCIAL HIGHLIGHT

	Y2021	1H2021	1H2022
Net Profit Margin	27.4%	30.7%	32.8%
Net Interest Margin	12.4%	12.6%	12.2%
Cost to Income	34.2%	32.9%	34.1%
Operating Cost to Income	27.3%	26.1%	25.8%
Cost of Fund	2.5%	2.6%	2.4%
D/E (times)	2.3	2.5	2.2
Allowance for ECL / Total	10.5%	10.9%	10.3%
Receivables
NPL Coverage Ratio	292.2%	251.1%	300.1%
- KTC (Separate)	464.8%	428.6%	487.0%
Credit Cost (1)	5.9%	5.2%	4.4%

(Unit : MB)

		(2)		(1)	(1) VS (2)
(MB)	Y2021	1H2021	1H2022	1H2022	Growth
(Conso)	(Conso)	(Separate)	(Conso)	(yoy)

ROA	6.6%	7.6%	8.1%
Total	21,442	10,798	10,989	11,091	2.7%
	23.5%	27.9%	26.6%	Revenue
ROE (2)
EPS (THB/Share)	2.28	1.29	1.41	Total	14,197	6,612	6,455	6,539	(1.1%)
Expense
DPS (THB/Share)	1.0	N/A	N/A
Net Profit	5,879	3,314	3,621	3,641	9.9%

1. Credit Cost = Expected Credit Loss/Total Receivables
2. Calculation of "ROE" based on average equity attributable to owners of the parent since 1Q2022 onwards