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Financial Update First Quarter 2010 Ta Chong Bank

CONFIDENTIAL. Financial Update First Quarter 2010 Ta Chong Bank. Overview of TC Bank First Quarter Result Overview Performance Trend. 2. Overview of TC Bank. Bank Profile Founded in 1992 in Kaohsiung, Taiwan Listed in Taiwan Stock Exchange in 1999 Chairman: Chen Chien-Ping

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Financial Update First Quarter 2010 Ta Chong Bank

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  1. CONFIDENTIAL Financial Update First Quarter 2010 Ta Chong Bank

  2. Overview of TC Bank • First Quarter Result Overview • Performance Trend 2

  3. Overview of TC Bank • Bank Profile • Founded in 1992 in Kaohsiung, Taiwan • Listed in Taiwan Stock Exchange in 1999 • Chairman: Chen Chien-Ping • President: Edmund Koh • Major shareholders: Carlyle, KYMCO company, Ching Yuan Investment Co. Ltd • Market Cap: NT$18 billion (USD574 million) • Credit Rating: twA- (long term), twA-2 (short term) • Key Financials (as of Mar 31, 2010*) • Asset NT$391 billion [USD12.4 billion] • Deposit NT$308 billion [USD 9.7 billion] • 1Q 2010 Net Profit After Tax: NT$356 million. [Full Year 2009: NT$1,008 million] • 1Q 2010 EPS: NT 13 cents • Loan to Deposit Ratio: 78.7% • NPL: 0.90% • Coverage Ratio: 180.3% • BIS Ratio: 12.50% • ROE: 6.0%, ROA: 0.4% • * Based on the pre-audited financial statement • Business Overview • Three business units: Consumer Banking Group, Institutional Banking Group and Financial Market Group • Product coverage: deposit, wealth management, loans, cash management, trade services and finance, trading products, A/R factoring corporate finance and institutional trusts. • Branch coverage: 68 branches with 35 in the North [8 to be opened], 8 in the Central [1 to be opened] and 25 in the South • Over 2,900 staff 3

  4. Overview of TCB • First Quarter Result Overview • Performance Trend 4

  5. 1Q 2010 Summary • Solid and strong operating profit growth • Asset quality further improved with high coverage and lower NPL • Strong capital position enables TC Bank to better capture the growing opportunity * Annualized 5

  6. Strong organic growth driving improved operating profit • 1Q 10 operating profit grew 168% YoY and 65% QoQ supported by strong growth in revenue. Revenue up 42% YoY and 13% QoQ • 1Q 10 net profit after tax grew 121% YoY but slight drop of 2% QoQ due to higher provision 6

  7. Significant rebound in fee income, grew 58% YoY • Strong contribution from Personal Investments, Cards, Unsecured Loan (recurrent income streams gathering momentum in an upswing) 7

  8. Overview of TCB • First quarter Result Overview • Performance Trend 8

  9. 1.25% 3.42% 3.54% 3.58% 2.58% 1.33% 1.25% 1.25% 1.25% 1.90% 1.88% 1.85% 1.72% 1.69% 1.65% 1.57% 1.44% 1.63% 1.53% 1.25% 1.18% 1.18% 1.12% 1.08% 1.04% 0.97% 5,092 0.90% 1,317 1,268 1,256 1,251 3,644 1,029 1,094 923 921 772 1,094 FY2008 FY2009 1Q 10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 • NIM continues to improve • Net interest income shown steady growth in last four quarters, lifted by gradual improvement in NIM from 97 bps in 2Q 09 to 118 bps in 1Q 10 CBC Discount Rate 3.28% 1.27% 1.25% NPL Ratio Net Interest Margin Net Interest Margin NPL Ratio Net Interest Income (NT$ M) Net Interest Income (NT$ M) 9

  10. Fee Income / Total Revenue Wealth Management Syndicated / Advisory / Guarantee / Factoring Credit Card Other • Stable fee income and over $600 million for three consecutive quarters. Fee Income / Total Revenue Net Fee Income (NT$ M) 10

  11. 82.4% 78.7% 77.2% 72.9% 70.0% 66.8% 65.3% 64.0% 61.6% Total Expense (NT$ M) Total Revenue (NT$ M) 1,977 1,893 1,885 1,849 1,684 1,674 1,548 1,481 1,337 1,292 1,264 1,291 1,184 1,180 1,165 1,161 1,128 Total Expense (NT$ M) 1,101 Total Revenue (NT$ M) 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 • Smart, well-executed investments drove higher revenues which led to improvements in our cost-to-income ratio • Cost-to-income ratio improved to 66.8% (driven by revenue growth) Cost-to-Income Ratio Cost-to-Income Ratio 75.3% 66.8% 66.8% 7,192 6,243 4,802 4,702 1,893 1,264 2008 2009 1Q2010 11

  12. 242 235 236 227 227 222 221 219 218 123 Mortgage 116 119 Corporate Corporate 126 128 123 118 125 120 43% 51% Mortgage Others 104 105 103 Others 90 89 89 85 87 88 6% 14 15 14 12 11 11 11 11 10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 • Loans grew by $24 billion up 12% YoY • Despite a proactive decision and action to exit $18 billion lower Corporate Loans to pre-empt deteriorating credit conditions 1Q10 Loan by Products EOP Balance (NT$ B) * Others include UPL and Cash Card 12

  13. 95.5% 92.6% 91.4% 86.1% 84.5% 84.6% 80.4% 78.7% 77.1% 308 305 293 263 Corporate 259 Retail 253 248 239 238 50% 50% 192 197 194 181 199 185 177 161 167 115 108 99 78 78 70 71 68 65 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 67% 70% 71% 75% 73% 70% 66% 65% 62% 33% 30% 29% 25% 27% 30% 34% 35% 38% • Deposit grew by $55 billion, up 22% YoY • CASA to total deposit ratio further improved to 38% in 1Q 10 Loan-to-Deposit Ratio 1Q10 Deposit by Types Time Deposit (NT$ B) Current / Saving (NT$ B) Time Deposit CASA 13

  14. 180.3% 160.2% 151.6% 102.7% 101.9% 101.1% 100.6% 100.2% 94.5% 92.2% 90.5% 78.6% 69.5% 68.7% 67.4% 66.9% 66.9% 71.3% 1.7% 1.6% 1.6% 1.5% 1.5% 1.5% 1.4% 1.9% 1.9% 1.9% 1.7% 1.2% 1.1% 1.5% 1.4% 1.3% 1.0% 0.9% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 • Proactive and effective risk portfolio management. • Both coverage and NPL well above the industry average. Coverage Ratio TCB Industry Average Industry Average TCB NPL Ratio * Industry average is as of February 2010 14

  15. 12.5% 12.2% 12.2% 12.0% 11.6% 11.5% 11.5% 10.7% 10.7% 2,548 29,252 28,188 28,148 27,473 27,480 27,425 26,574 26,283 25,929 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 • Capital position remains strong with tier 1 ratio of 11.5% and total CAR of 12.5% CAR $4,000 million new sub-debt Tier 2 Capital (NT$ M) Tier 1 Capital (NT$ M) 15

  16. Q & A 16

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