Shin Kong Financial : Goldman Sachs China + Conference Presentation

Company Overview

September 2023

Disclaimer

This presentation and the presentation materials distributed herewith include forward-looking statements. All statements, other than statements of historical facts, that address activities, events, or developments that Shin Kong Financial Holdings Company ("Shin Kong FHC") expects or anticipate will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. Shin Kong FHC's actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, market shares, competition, changes in legal, financial and regulatory frameworks, international economic and financial market conditions, political risks, cost estimates and other risks and factors beyond our control. In addition, Shin Kong FHC makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.

Figures of 1H 2022 and 1H 2023 in this presentation and the presentation materials distributed herewith are audited numbers.

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Agenda

1. SKFH

1. Life Insurance Business

1. Banking Business IV. Securities Business

1. Appendix
2. • SKL Premium
   • EV & AV Result
   • Capital Adequacy
   • ESG Recognition

Who We Are

• Leading financial holding company in Taiwan
• • Subsidiaries include life insurance, bank, securities, asset management, property insurance agency and venture capital
  • 6th largest life insurer by first year premium with 6.9% market share in 2022
  • 9th largest domestic private bank by total assets with 105 branches
  • 7th largest securities house with 3.43% market share in brokerage
• FHC with significant presence in life insurance, banking and securities serving over 6 million customers

Financial Overview

NT$bn	2020		2021		2022
Total Assets	4,357.1		4,685.3		4,850.7
Shareholders' Equity	241.6		263.4		212.1
Market Value	114.7		159.6		138.4
Net Income	14.5		22.7		2.2
Consolidated ROA	0.34%		0.50%		0.05%
Consolidated ROE	6.03%		9.00%		0.91%
Foreign Ownership	20.17%		18.80%		18.60%

Note: Due to rounding, asset allocation figures may not add up to 100%

2022 Asset Mix

Others

2.0%

Bank

24.9%

Life

73.1%

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Corporate Structure

Integrated Financial Services Platform

2022

Shin Kong Financial Holdings

(SKFH)

	Shin Kong
	Life
	(SKL)
Date of Incorporation	7/1963
Assets (NT$bn)	3,565.8

Shin Kong

Bank (SKB)

1/1997

1,211.9

MasterLink

Securities

(MLS)

3/1989

105.8

Shin Kong Investment Trust (SKIT)

9/1992

0.9

Shin Kong

Property Insurance Agency (SKPIA)

1/2003

0.2

Shin Kong

Venture

Capital (SKVC)

4/2011

1.9

% of Group Assets	73.1%	24.9%	1.9%	<0.1%	<0.1%	<0.1%
Earnings (NT$mn)	-4,790	6,862	362	43	78	74
Branches/Offices	376	105	44	3	1	1
Market Share (1)	6.9%	2.1%	3.4%	1.2%	-	-

Note:

(1) In terms of first year premium for SKL, total loans for SKB, brokerage business for MLS, and public equity funds for SKIT

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