thitikorn public company limited
TRANSCRIPT
Thitikorn Public Company Limited1
Thitikorn Public Company Limited
“Motorcycle Hire- Purchase Specialist”
August 16, 2021
Thitikorn Public Company Limited2
I. Company Profile
II. Industry Overview
III. Operational Results
IV. Financial Highlights
Contents
Thitikorn Public Company Limited4
Company Development
◼ 1972 Established with 1MB registered capital to provide motorcycle HP in Bangkok
◼ 1982 No.1 in terms of market share of motorcycle HP in Bangkok
◼ 1991 Increased registered capital to 70 MB
◼ 1995 Acquired 99.99% of CVA to expand HP business in Central and Eastern area
◼ 2000 Initiated motorcycle insurance program to minimize risk which later become the industry
standard
◼ 2002 Received award from The Consumer Protection Board
◼ 2003 Acquired CYP to provide automobile HP
Listed on the SET and raised fund of 1,100 MB
◼ 2005 Issued first TK’s Thai Baht-Debenture of 745 MB
◼ 2008 4-Stars Corporate Governance Scoring appraised by Thai Institute of Directors Association (IOD)
◼ 2010 Received Company Rating A- (Stable) from TRIS
◼ 2011 Acquired Cetelem (Thailand) Co., Ltd and changed its name to “TK Debt Services Co., Ltd.”
◼ 2012 Celebrate 40th year Anniversary
TK is one of the 17 listed companies to receive an “Investors’ Choice Award” from Thai Investors Association (TIA)
TK is one of the 9 Thai listed companies to be included in MSCI Small Cap Indices in November 30, 2012
◼ 2013 Total Assets surpassed 10,000 MB for the first time
◼ 2014 First overseas operation in Cambodia, “Suosdey Finance” in Phanom Phenn
Second overseas operation in Laos, “Sabaidee Leasing” in Vientiane
◼ 2015 Established TK NGERN TAN JAI with 50 MB registered capital to provide Nano Finance
◼ 2016 TK is one of the 12 listed companies to receive an “Investors’ Choice Award” from Thai Investors Association (TIA)
for the eight consecutive years from 2009 to 2016
Expanded two branches in Battambang and Siem Riep, Cambodia through Suosdey Finance.
Thitikorn Public Company Limited5
Company Development
◼ 2017 Issued TK’s Thai Baht-Debenture of 1,800 MB, 3 –years, Fixed Rate 2.71% per annum.
Celebrate 45th year Anniversary, launch “ บน กน เทยว กบ TK” Free overseas package tour for new customers.
Expanded three branches in Kampong Cham, Svay rieng, Kampong Speu, Cambodia through Suosdey Finance.
Established a subsidiary “Mingalaba Thitikorn Microfinance Co.,Ltd” in Myanmar
◼ 2018 Completed the process for disposal of the ordinary shares of subsidiary “TK Debt Servives Co.,Ltd”
Expand two branches in Luang Prabang and Savannakhet, Laos through Sabaidee Leasing.
Issued TK’s Thai Baht-Debenture of 600 MB, 3 year, Fixed Rate 2.27% per annum.
◼ 2019 Recieved Microfinance Business License in Myanmar “Mingalaba Thitikorn Microfinance Co.,Ltd”
TK is 1 of the 193 listed companies to receive an 5-Stars Corporate Governance Scoring appraised by Thai Institute
of Directors Association (IOD)
On June 11, 2019 Submit a proposal to expand three branches in Pakse, Xieng Khouang, Udomchai, Laos through Sabaidee Leasing.
◼ 2020 Expanded six branches in Kampong Thom, Kampot, Banteay Meanchey, Takao, Pursat and Kampong Chhnang, Cambodia
through Suosdey Finance.
AGM approval of the acquisition and transfer of all shares in Myanmar Finance International Limited-MFIL in Myanmar
Received Company Rating A- (Negative) from TRIS
TK is one of the 6 listed companies that received a full score of 100 (for the 12th consecutive year) from an assessment
on the quality of the Annual General Meeting (AGM) from the Thai Investors Association (TIA)
◼ 2021 On March 24, 2021, Bank of Lao PDR issues temporary permits to open 3 branches in Pakse, Xieng Khouang, Udomchai, Laos through Sabaidee Leasing.
Established TK BROKER with 3 MB registered capital to provide non-life insurance broker services in Thailand
Thitikorn Public Company Limited6
TK Group Structure
Motorcycle hire purchase provider
With 2,644 MB portfolio size
Thitikorn Plc. (TK)
Total net portfolio of 3,947 MB
* As of June 30, 2021
99.99%
99.99%
99.95%
Automobile hire purchase provider
with 230 MB portfolio size
Chayapak Co., Ltd. (CYP)
Motorcycle hire purchase provider
with 848 MB portfolio size
Suosdey Finance PLC.
Debt collection servicer
C.V.A . Co., Ltd. (CVA)
Motorcycle hire purchase provider
with 182 MB portfolio size
Sabaidee Leasing Co., Ltd.
86.89%
Nano Finance in Thailand
with 42 MB portfolio size
TK NGERN TAN JAI Co., Ltd
99.99%
Microfinance Subsidiary
in Myanmar
with 1 MB portfolio size
Mingalaba Thitikorn Microfinance Co., Ltd
99.87%
Thitikorn Public Company Limited7
Success Factors
◼ Solid Capital Base : 5,388.3 million baht
◼ D/E ratio of 0.3 times : average D/E of financial sector is 7.7 times
◼ Abundant credit line from the leading financial institutions with
favorable terms & conditions and ample liquidity with over 1,600 MB in cash as of March 2021
◼ 58.2% of Total Assets are income generating assets
◼ High quality motorcycle HP portfolio with 8.6% NPL
◼ Very conservative accounting policy : recognized full amount of commission on day one
◼ Starting from January 1, 2020, the Group has adopted TFRS9 Financial Instruments
◼ Stringent loan provision : reserve full amount of the whole contract value
◼ A- rating by TRIS since 2010 to May 2021, on July 30, 2021 TRIS issued BBB+ (Stable) rating to TK
Proven Track Record
Solid Financial Position
◼ No.1 in motorcycle HP in Bangkok since 1982
◼ Most recognizable brand by motorcycle dealers & customers
◼ Reputable major shareholders - Dr.Chumpol Phornprapha & Families
◼ Proven management with market expertise more than four decades in HP industry
◼ Never been an NPL with any financial institutions since founded
◼ Large valuable database of over 3,000,000 customers
◼ Extensive & nationwide outlets with 75 branches in 57 provinces of Thailand
◼ Regional extensive 16 branches in Kingdom of Cambodia , Lao PDR and Myanmar
◼ Consistently provide HP service during any economic condition
Thitikorn Public Company Limited9
Thailand Motorcycle Sales
Source : Thailand Motorcycle Hire Purchase Association, AP HONDA
79% 77%
77%76%
76% 75%
74% 74%
74%
75%
21%
23%
23% 24%
24%25% 26%
26%
26%
25%
2,125,6462,004,000
1,699,2181,671,237 1,738,254
1,810,856
1,788,459
1,719,373
1,517,682
989,870
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2,200,000
2,400,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(7M)
BMA Provincial Area(Units)Motorcycle sales reached a new
record high for two consecutive
years in 2011 and 2012
From 2013 to 2015 sales continue
to decline for three consecutive
years due to slow down in
economic activities, however,
from 2016 to 2017 sale continue to
increase around 4% annually
Motorcycle sales 2020 decreased
by 11.7% to 1,517,682 units and
expected to increase 1.5% to
1,540,000 unit in 2021
~1,540,000 (1.5%)
~1,530,000 (0.8%)
Q1
436,215
Q1
431,004
Q2
437,826Q2
301,632
115,829 (Jul)874,041 (6M)
137,180 (Jul)732,636 (6M)
869,816
Thitikorn Public Company Limited10
Monthly Motorcycle Sales
155,090
145,431
164,577
121,616
168,500
179,533
134,053
156,890
140,504
139,313
145,648
137,304
148,932
145,419
167,854
120,457
161,045
150,441
148,778 149,512
135,215
142,516
135,532
113,672
145,068139,080
146,856
78,959
97,438
125,235
137,180 143,574
133,590
126,453
120,223
124,026135,832130,363
170,020
134,138
142,265
161,423
115,829
50,000
65,000
80,000
95,000
110,000
125,000
140,000
155,000
170,000
185,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019 2020 2021(Units)2018 Motorcycle monthly sales,
6 out of 12 months were higher
than previous year
2019 Motorcycle monthly sales,
3 out of 12 months were higher
than previous year
2020 Motorcycle monthly sales,
1 out of 12 months were higher
than previous year
Thitikorn Public Company Limited11
Motorcycle Hire Purchase in BMA
Source : Thailand Motorcycle Hire Purchase Association
* Ratio H1 Year 2012 => Cash sale in BMA 49% , HP financing in BMA 51%
TK estimate that cash sales
portion around 25%
51%46%
39%
61%
54% 49%
328,749
379,565 378,645
449,643457,782
364,969
395,190
436,815 460,676456,367 447,644
397,616
245,717
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(7M)
HP financing in BMA2 Cash sale in BMA(Units)
BMA : Bangkok and Metro Area
Q4
96,368
Q1
118,127
Q2
80,935
Q1
115,563
Q2
107,857
22,297 (Jul)223,420 (6M)
34,075 (Jul)199,062 (6M)
233,137
Thitikorn Public Company Limited13
Motorcycle by Category
Source : Thailand Motorcycle Hire Purchase Association, AP HONDA
38%
46%51%
49%48%
44%39%
35%35%
35% 36%
41%
43%
53%
50%46% 48%
48%49%
40%
46%48%
50% 51% 52%
52%
9%
4%
3%
3%
4%
7%
11% 19%17% 15%
13%
7%
5%
1,553,561
1,846,005
2,001,244
2,125,646
2,004,000
1,699,2181,671,237
1,738,254 1,810,8561,788,459
1,719,313
1,517,682
989,870
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2,200,000
2,400,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(7M)
Scooter Family Sport(Units)
Thitikorn Public Company Limited14
Thailand Automobile Sales
In 2012, Thai domestic auto sales
reached a new recorded high over 1.4
million units propelled by government
first time car buyer scheme
From 2013 to 2016 automobile sales
continue to decline for four
consecutive years from the First time
car buyer scheme in 2012, however,
from 2017 to 2018 sales continue to
increase 13.4% in 2017 and 19.5% in
2018
Thai Automotive industry in 2020
declined by 34.5% to 792,110 units,
and expected to increase by 6.1% to
7.3% in 2021
Source : Toyota Motor Thailand Co.,Ltd.
54.6%53.2%
52.6%58.1% 62.6%
63.6%
60.3%
61.6%
65.3% 67.8%
45.4%46.8%
47.4%41.9%
37.4%36.4%
39.7%
38.4%
34.7%
32.2%
1,434,669
1,330,678
881,832
799,632 768,788
871,650
1,041,739 1,007,502
792,110
373,191
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
1,300,000
1,400,000
1,500,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(6M)
Passenger car Commercial vehicle(Units)
~750,000
(7.3%)
* 850,000 – 900,000
~900,000
(-5.3%)
~840,000(6.1%)
Q1
200,064
Q2
128,540
Toyota * 840,000Mazda
Thailand Automotive Institute * 750,000
Q1
194,137
Q2
179,054
Q2
128,540
328,604
Thitikorn Public Company Limited15
Monthly Automobile Sales
66,545
75,466
95,082
79,206
84,965
87,85481,946 86,814
88,70686,931
94,643
113,581
78,061
82,324
103,164
86,07688,097
86,04881,044 80,838
76,195
77,12179,299
89,285
71,688
68,271 60,105
30,109
40,418
58,01359,335
68,883
77,907
74,11579,177
104,089
55,208
58,960
79,969
58,132
55,948
64,974
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019 2020 2021(Units)2017 and 2018 Automobile sale
continue to increase for 2
conservative years
2018 Automobile monthly sales, 12
out of 12 months were higher than
previous year
2019 Automobile monthly sales, 5 out
of 12 months were higher than
previous year.
2020 Automobile monthly sales, 1 out
of 12 months were higher than
previous year.
Thitikorn Public Company Limited18
Hire Purchase Business
Business
Policy
Hire purchase provider for all brands
Focus on new motorcycle hire purchase
Hire purchase term of 24 - 36 months
All brands such as Honda, Yamaha,
Suzuki, Kawasaki, etc.Product
Brands
Categorized by Outstanding Duration
Hire purchase provider mainly
Brand new cars
(95% new cars and 5% second hand cars)
Hire purchase term of 48 - 60 months
All brands mainly Toyota, Isuzu,
Honda, Nissan, Ford, Mitsubishi etc.
Motorcycle Automobile
Categorized by Outstanding Duration
Hire Purchase
Account
Receivables
Balance as of
Jun 21
<=12 month
21.61%
>12 month
78.39%13-36 month
41.45%
<=12 month
9.05%
>36 month
49.50%
Thitikorn Public Company Limited19
TK Branches & Networks
Networks
◼ Servicing over 587 motorcycle
strategic alliances
◼ Servicing over 45 automobile
strategic alliances
◼ Multiple payment channels nationwide
Network
Suosdey Finance
12 branches
Phnom Penh Kampong Cham
Battambang Kampong Speu
Siem Reap Svayrieng
Kampong Thom Kampot
Banteay Meanchey TakaoKampong Chhnang Pursat
TK Branch
North = 13
North-East = 21
Central = 18
East = 13South = 10
As of May 15, 2021
Branches
◼ Extensive 75 branches in 57 provinces out of 77
provinces in Thailand
◼ Three subsidiaries
* Suosdey Finance, the head office locates in
Phnom Penh, Kingdom of Cambodia
* Sabaidee Leasing, the head office locates in
Vientiane, Laos People’s Democratic Republic
* Mingalaba Thitikorn Microfinance,
the head office locates in Baco, Republic of the
Union of Myanmar
Branch
* Expansion Plan by Q1/2022
Sabaidee Leasing
3+3 branches
Vientiane
Luang Prabang
Savannakhet
Pakse*
Xiang Khoang*
Udomchai*
Mingalaba Thitikorn
Microfinance
1 branchBago Regions-Monyo*
Thitikorn Public Company Limited21
Revenue, Expense and Net Profit
“From 2015 to 2017, TK operation has
continued to improve from our
stringent credit approval policy,
branch network expansion both locally
and regionally.”
2018 Thai Economy started to
slowdown from second half, TK
tighten terms& conditions and
accelerate write off for some group
of customers
2019 to 2020, TK continued to tighten
terms & conditions and accelerate
write off especially during COVID19
Pandemic
3,394.1 3,371.3
3,653.6
3,871.8
3,719.1
2,548.2
622.3 499.5
1,363.2
1,038.3
2,986.4 2,940.9
3,181.4
3,470.2
3,232.8
2,178.2
574.6
380.4
1,219.0
820.6
408.3429.7
467.0
401.1481.1
367.6
48.8118.4
142.8
215.9
0
100
200
300
400
500
600
700
800
900
1,000
0.0
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
3,500.0
4,000.0
2015 2016 2017 2018 2019 2020 Q2/2020 Q2/2021 6M/2020 6M/2021
Total Income (LHS) Total Expense (LHS) Net Profit (RHS)
Unit : Mb Unit : Mb
Thitikorn Public Company Limited22
Revenue Breakdown
99.5% of Total Revenues contributed by Motorcycle HP Interest and
Other Incomes
Q1/2021 Total Revenues = 539 MB
Motorcycle Hire Purchase Income
364 MB (67.6%)
Other Income
172 MB (31.8%)Automobile Purchase Income
3 MB (0.6%)
Q2/2021 Total Revenues = 499 MB
Motorcycle Hire Purchase Income
343 MB (68.6%)
Other Income
154 MB (30.9%)Automobile Purchase Income
2 MB (0.5%)
2020 Total Revenues = 2,548 MB
Motorcycle Hire Purchase Income
1,977 MB (77.6%)
Other Income
555 MB (21.8%)
Automobile Purchase Income
16 MB (0.6%)
Thitikorn Public Company Limited23
Total Assets vs. Hire Purchase Account Receivables
62.5% of TK Total assets are HP
portfolio which generate stable
monthly cash inflow from monthly
installment from diversify customers
over 177,914 accounts
As of December 2020, Cash has
reached record high of 2,213 million
Baht or 30.1% of Total Assets
9,0329,372
7,439
4,5914,249
3,947
193438
1,021
1,8131,607
1,235
400400
1,100
793768
703
453540 498
10,01810,578
9,163
7,2576,796 6,780
0
2,000
4,000
6,000
8,000
10,000
12,000
2017 2018 2019 2020 Q1/2021 Q2/2021
Receivables* Cash Fixed Deposit OtherUnit : Mb
*Included Loan Receivables
23.7%
1.9%
3.8%
4.1%
-20.6% 11.1%
-38.3%
24.6%
-7.5%
18.2%
34.4%29.5%30.5%
-7.1%
Thitikorn Public Company Limited
Note:Net HP recievable (less allowance for doubtful a/c)included SSD & SBD
High Quality HP Portfolio
* HP recievable
24
< 3 mth
91.4%
>6 mth0.5%
4-6 mth8.1%
6,940
4,054 3,7743,529
0
1,500
3,000
4,500
6,000
7,500
2019 2020 Q1/2021 Q2/2021
Motorcycle HP portfolio Q2/2021Unit : Mb
310
214
187 176
0
100
200
300
400
2019 2020 Q1/2021 Q2/2021
Automobile HP portfolio Q2/2021Unit : Mb
-41.6%
>6 mth
9.2%
<3 mth
86.6%
4-6 mth
4.2%
Aging of Motorcycle Q2/2021 *
Aging of Automobile Q122021 *
-6.9%
-31.0%
-12.6% -5.9%
-6.5%
Thitikorn Public Company Limited25
High Quality HP Portfolio
Current -3 mth
4,373 MB (91.5%)
> 6 mth
41 MB (0.8%) 4-6 mth
366 MB (7.7%)
Q1/2021 : Aging of Total HP Portfolio (4,780MB)
Prudent expansion policy with strict credit approval process
and strong collection team create sustainable HP portfolio
Q2/2021 : Aging of Total HP Portfolio (4,438 MB)
Current -3 mth
4,032 MB (90.9%)
> 6 mth
49 MB (1.1%)
4-6 mth
357 MB (8.0%)
Current -3 mth
4,678 MB (90.8%)
> 6 mth
51 MB (1.0%)
4-6 mth
424 MB (8.2%)
2020 : Aging of Total HP Portfolio (5,153 MB)
Thitikorn Public Company Limited
Suosdey Finance PLC
< 3 mth95.7%
>6 mth2.2%
Motorcycle Q1/2021
4-6 mth2.1%
< 3 mth96.3%
>6 mth2.2%
Motorcycle Q2/2021
4-6 mth1.5%
1,031.2
899.5 931.4 903.8
14.3 19.8 20.2 20.131.233.6 40.3
66.849.1
34.1 39.5 55.539.0 34.1 39.5 55.5
0
200
400
600
800
1,000
1,200
2019 2020 Q1/2021 Q2/2021
Net HP A/R NPL (>6mth) NPL (>3mth) Loan provision Before-GR
Unit : Mb
358.9388.8
100.677.7
77.7
204.0
158.0158.0
220.9
334.2
62.7
91.191.6
131.1
171.0
170.8
138.0
54.6 38.0
-13.4 -13.9
72.8
-13.0 -12.8-40
0
40
80
120
160
200
240
280
320
360
400
440
2019 2020 Q2/20 Q2/21 Q2/21* 6M/20 6M/21 6M/21*
Income Expense Net Profit
Unit : Mb
*Q2/2021, loss (gain) from exchange rate (454,586.40) baht39
Thitikorn Public Company Limited
Sabaidee Leasing
< 3 mth97.6%
>6 mth0.1%
Motorcycle Q2/2021
4-6 mth2.3%
< 3 mth98.2%
>6 mth0.2%
Motorcycle Q1/2021
4-6 mth1.6%
265.50
202.70 196.40 188.55
0.00 0.41 0.39 0.095.10 5.83 3.604.4310.80 7.02 5.60
6.258.10 7.025.60
6.25
0
50
100
150
200
250
300
2019 2020 Q1/2021 Q2/2021
Net HP A/R NPL (>6mth) NPL (>3mth) Loan provision Before-GR
Unit : Mb
101.2 92.7
22.620.1
20.1
51.640.7 40.7
74.381.3
28.5
14.3 12.9
44.5
27.2 24.726.9
11.4
-5.9
5.8 7.2 7.113.5 16.0
-20
0
20
40
60
80
100
120
2019 2020 Q2/20 Q2/21 Q2/21* 6M/20 6M/21 6M/21*
Income Expense Net Profit
Unit : Mb
*Q1/2021, loss (gain) from exchange rate 1,061,611.21 baht44
Thitikorn Public Company Limited45
Branches Expansion Plan of Sabaidee Leasing Co.,Ltd
Sabaidee Leasing Co.,Ltd plan to expand its branches into 3 provinces with objectives of branch expansion
and facilitate customers’ demand to access company service.
1. Pakse Province
2. Xieng Khouang Province
3. Udomchai Province
The expected period of opening for these
Branches is Q1/2022
Thitikorn Public Company Limited46
Mingalaba Thitikorn Mircrofinance Co., Ltd
◼ 29th April 2019, recieved Microfinance Business License in Myanmar “Mingalaba Thitikorn Microfinance Co.,Ltd”
Thitikorn Public Company Limited
Mingalaba Thitikorn Microfinance
0.00.10
0.04 0.07 0.07 0.10.2 0.2
1.1
1.7
0.4 0.4 0.4
0.8 0.8 0.8
-1.1
-1.5
-0.3 -0.3 -0.3-0.7
-0.7 -0.6
-1.8
-1.5
-1.2
-0.9
-0.6
-0.3
0.0
0.3
0.60.9
1.2
1.5
1.8
2.1
2019 2020 Q2/20 Q2/21 Q2/21* 6M/20 6M/21 6M/21*
Income Expense Net Profit
Unit : Mb
1.13 1.11
0.80
0.050.02 0.00
0.0
0.2
0.4
0.6
0.8
1.0
1.2
Q4/2020 Q1/2021 Q2/2021
Net HP A/R NPL (>6mth) NPL (>3mth) Loan provision Before-GR
Unit : Mb
<3 mth100.0%
>6 mth0.0%
Motorcycle Q2/2021
4-6 mth0.0%
< 3 mth100.00%
>6 mth0.0%
Motorcycle Q1/2021
4-6 mth0.0%
*Q2/2021, loss (gain) from exchange rate 30,715.54 baht47
Thitikorn Public Company Limited48
พมา ถงจดดบแลวและมประชากรในชาต ตดโควด เปนลานๆคน ในขณะน เปนเพราะ รฐลมสลาย สาธารณสขหมดหนทางในการปฏบตแลว ประชากรทอาการหนก ทยอยตาย ทปวยกอาการเรมหนก ทส าคญความอดอยากหวโหย เขาสภาวะยากแคนแสนสาหส..และทส าคญสงครามกลางเมองทนบวนจะเปนสงครามกองโจรแลวความล าบากแสนสาหส ของประชากร ไดเรม หาหนทางเอาตวรอดจากภาวะเชนน.ประเทศไทย..ทจะเปน หนทางทอาจจะมโอกาสรอดจะมคนพมามากมายทจะหนเขามาในประเทศไทย
พมาถงจดดบประชากรตดโควดเปนลานๆ
Thitikorn Public Company Limited50
แมน าเมยลนตลงตาก - ฝนยงตกหนกน าเมยลดระดบ แตยงลนตลงทวมชายแดน 2 ประเทศ..ลาสดพบกาสโนรมเมยจมมด กภยเมยนมาตองขบเรอฝากระแสน าเชยวกรากชวยทงไทย-พมาตดคาง สวนฝงแมสอดเจอดนสไลดซ า แมระมาดยงอวม
Thitikorn Public Company Limited51
High Coverage Ratio (Back Tested TFRS9)
8,148
5,1534,780
4,438
33 51 41 49367 475 407 406
710 562 531 491
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2019 2020 Q1/2021 Q2/2021
HP A/R NPL (>6mth) NPL (>3mth) Loan provision TFRS 9
Unit :MB
Thitikorn Public Company Limited52
High Coverage Ratio
3351 41 49
367
475
407 406
710
562
531491
193.5%
118.0%
130.4%
120.9%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%
200.0%
0
100
200
300
400
500
600
700
800
2019 2020 Q1/2021 Q2/2021
NPL (>6 mth) NPL (>3 mth) Loan provision %coverage ratio
%Coverage ratio
General Reserve
632 (*7.8%)
77
(*8.7%)
(*11.1%)
Unit : Mb
(10.9%)*
(*11.1%)
Thitikorn Public Company Limited53
Profitability
32.2 32.1 32.9
30.432.2
30.9
10.08.1
9.7
6.9 7.2 8.0
5.03.9
5.14.5 5.5 6.1
2.7 2.7 3.0 3.0 3.52.9
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
2017 2018 2019 2020 2021 (Q1) 2021 (Q2)
Spread(%) ROAE (%) ROAA (%) Interest Expenses (%)
* Annualized
%
55
LINE & TK PLUS
266
36,707
100,977
118,572
249
73,246
81,440
0.1%
17.7%
72.3%
101.3%
0.2%
52.5%
69.6%
-10.0%
10.0%
30.0%
50.0%
70.0%
90.0%
110.0%
-10,000
10,000
30,000
50,000
70,000
90,000
110,000
130,000
2018 2019 2020 2021 (7M)
TK PLUS (LHS) LINE@TK PLUS (LHS) % TK PLUS (RHS) %LINE@TK PLUS (RHS)
Thitikorn Public Company Limited56
Strictly Private & Confidential
Thitikorn Public Company Limited
69 Ramkamhaeng Rd., Huamark, Bangkapi, Bangkok 10240
Tel: 662-310-7000 Fax: 662-318-3339
e-mail: [email protected]
Thitikorn Public Company Limited
Credit Rating
บรษททจดอนดบ วนท กลม Leasing อนดบเครดต แนวโนมอนดบเครดต
TRIS RATING 30.7.64 TK BBB+ Stable
30.7.64 S11 BBB- Stable
07.6.64 SAWAD BBB+ Stable
07.6.64 BFIT BBB+ Stable
31.5.64 MTC BBB+ Stable
27.5.64 TIDLOR A Stable
21.4.64 TISCO A- Stable
20.4.64 AYCAL AA+ Stable
08.4.64 MICRO BB+ Stable
Fitch Rating 11.3.64 AEONTS A-(tha) Stable
ประวตการจดอนดบเครดต TK โดย TRIS RATING ทผานมา
หลกทรพย ป วนท อนดบเครดตองคกร แนวโนมอนดบเครดต
TK 2549 14.11.49 BBB+ Stable
2550 21.12.50 BBB+ Stable
2551 2551 BBB+ Stable
2552 04.3.52 BBB+ Stable
2553 31.3.53 A- Stable
2554 25.4.54 A- Stable
2555 10.7.55 A- Stable
2556 15.7.56 A- Stable
2557 18.3.57 A- Stable
2558 25.9.58 A- Stable
2559 25.9.59 A- Stable
2560 22.8.60 A- Stable
2561 10.8.61 A- Stable
2562 22.7.62 A- Stable
2563 31.7.63 A- Negative
2564 30.7.64 BBB+ Stable
การจดอนดบเครดต กลม Leasing โดย TRIS RATING ในป 2564
57
58
4.6%
95.4%
มณฑลหเปย อนๆ
สดสวน GDP พนทสแดงเขม
% สดสวน GDP อฮน Lockdown ของจน
4.2%
95.8%
มณฑลหเปย อนๆ
สดสวนประชากรมณฑลหเปย
Thitikorn Public Company Limited60
สถตการเกดอบตเหตในประเทศไทย
ทมา:Thai RSC
สถตการเกดอบตเหต ป 2561 ป 2562 ป 2563 ป 2564
บาดเจบสะสม(ราย) 1,036,096 924,966 1,014,421 444,363
เสยชวต(ราย) 16,137 17,245 15,748 6,801
เสยชวตเฉลย/วน(ราย) 64 54 64 65
Thitikorn Public Company Limited
Household Debt/GDP สงสด 81.2% ในป 2015 และท าสถตใหม 90.5% ณ ไตรมาส 1ป 2021
43.70
45.10 44.40
51.7052.40
57.90 59.30
67.10
71.80
76.60
79.70 81.20
79.40 78.10 78.4079.9
89.30 90.50
-
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
40.00
43.00
46.00
49.00
52.00
55.00
58.00
61.00
64.00
67.00
70.00
73.00
76.00
79.00
82.00
85.00
88.00
91.00
94.00
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1/21
Household Debt Outstanding Balance %of GDP% Unit : Trillion Baht
Source : Bank of Thailand and Kasikorn Research Center
64
Thitikorn Public Company Limited
Household Debt/ GDP VS Growth GDP :
43.70 45.10
44.40 51.70
52.40 57.90
59.30
66.20 71.80
76.60
79.70
80.30 79.90 78.30 78.60 80.00
89.40 90.50
6.2%
4.5%5.1% 4.9%
2.5%
-2.3%
7.6%
0.9%
7.4%
2.7%
1.0%
3.0% 3.3%
3.9% 3.8%2.3%
-6.1%
-2.6%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
0.50
10.50
20.50
30.50
40.50
50.50
60.50
70.50
80.50
90.50
100.50
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1/21
Household Debt/GDP GDP Growth Rate
%Household Debt/GDP %GDP Growth Rate
Source : Office of the National Economic and Social Development Board, Bank of Thailand
หนครวเรอนสง + เศรษฐกจถดถอย = การใชจายทลดลงถงแมรฐบาลจะใชเงนถง10% ของ GDP เพอกระตนเศรษฐกจ
65
Thitikorn Public Company Limited68
Thailand has worst projected economic rebound this year across Asean-6
Thitikorn Public Company Limited69
ประมาณการจดพไทย ป 2564
ทมา:กรงเทพธรกจ
ส านกวแคราะหเศรษฐกจ ใหม เดม
SCB EIC 0.9 1.9
KKP 0.5 1.5
เอดบ 2.0 3.0
กรงศรฯ 1.2 2.0
กสกรไทย 1.0 1.8
ธนาคารโลก 2.2 3.4
กรงไทย 0.5 1.2
กกร 0.8 1.3
ธปท. -0.8 3.0
ASPS 1.7 2.6
สแตนดารด 1.8 2.4
สภาพฒนฯ 2.0 3.0
สศค. 2.3 2.8
ม.หอการคาฯ 1.6 2.8
ไอเอมเอฟ 2.1 2.6
กระทรวงการคลง 1.3 2.3
ซไอเอมบไทย 1.3 2.2
กนง. 0.7 1.8
Thitikorn Public Company Limited
สถตนกทองเทยวตางชาตทเดนทางมาประเทศไทย
0.59
0.78
0.98
1.211.17
1.46
1.63
1.831.88
1.93
0.33 0.33
0.00 0.00
15.9
19.222.4
26.524.8
29.9
32.5
35.5
38.239.8
6.7
1.2
16.0
32.0
40.0
6.7
0.02
0.00
0.02
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021(F) 2022(F) 2023(F) 2024(F) Jan-Mar20
Jan-Mar21
Apr-Jun20
Apr-Jun21
จ านวนเงน จ านวนคนUnit : Trillion Baht ลานคน
Source : Ministry of Tourism & Sport71
Thitikorn Public Company Limited
สถตรายไดจากการทองเทยว
1.91
0.33
0.09
1.08
0.48
0.32
0.10
39.91
6.70
1.20
0.00
229.74
123.21
60.00
36.08
-10.00
20.00
50.00
80.00
110.00
140.00
170.00
200.00
230.00
260.00
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
1.80
1.90
2.00
2.10
2.20
2.30
2019 2020 2021(F) 2021(6M)
รายไดจากนกทองเทยวตางชาต รายไดจากไทยเทยวไทย จ านวนนกทองเทยวตางชาต (ลานคน) จ านวนนกทองเทยวไทย (ลานคน-ครง)
Unit : Trillion Baht
Source : Ministry of Tourism & Sport
ลานคน
72