Capital Securities Corp. · TWSE:6005
Capital Securities — FY2023 Earnings Presentation
36 slides from Capital Securities's earnings presentation, Mar 26, 2024
Slide 1: Capital Securities Corporation Institutional Investor Conference
Capital Securities Corporation Institutional Investor Conference MAR 2024 0
Slide 2: Disclaimer
Disclaimer The information (except numbers in financial statements) contained within the document has not been audited or reviewed by any accountant or independent third party. Capital Securities Corporation (the Company) makes no guarantee or warranties as to the accuracy, completeness or correctne
Slide 3: Presentation Outline
Presentation Outline Ⅰ Company Profile Ⅱ Operation Overview Ⅲ Prospect and Outlook Ⅳ Sustainability Development & Capital Securities’ Practices 2
Slide 4: Company Profile
Ⅰ Company Profile Ⅱ Operation Overview Ⅲ Prospect and Outlook Ⅳ Sustainability Development & Capital Securities’ Practices 3
Slide 5: Shareholder Structure
Shareholder Structure Data as of April 29, 2023 Financial Government Foreign institutions agencies institutions and 3.41% 0.28% individuals 17.16% Other juristic persons 43.08% Individuals 36.07% 4
Slide 6: Basic Information
Basic Information Stock code: 6005 Paid-in capital: NTD21.709bn Number of branches in Taiwan: 53 Number of employees: 1,856 FEB20 Paid-in capital of NTD21.709bn Listed on TPEx in 1995 Paid-in capital of NTD4.08bn Listed on TWSE in 2005 Paid-in capital of NTD13.64bn Established in 1988 Paid-in capita
Slide 7: Deployment in Asia
Deployment in Asia Chengdu Shanghai TEL：86 28 6555 2888 TEL：86 21 5888 7188 FAX：86 28 6555 2999 FAX : 86 21 5888 2929 Add：Units 408-410,4F,Poly Add：18F., New Shanghai Center Tower C,No.1,Jinxiu International Tower, No. 360 Road, Wuhou District Pudong Nan Road, Chengdu, P.R.China Shanghai, P.R.China
Slide 8: Non-operating Investments
Non-operating Investments 7
Slide 9: Non-operating Investments (continued)
Non-operating Investments (continued) Unit：1000 Net income or Net income or Book value as of Book value as of Region Name Currency Paid-in capital loss for current loss for Dec 31, 2023 Feb 29, 2024 period 2023 JAN~FEB24 Taiwan Capital Futures Corp. NTD 2,104,376 7,173,449 1,010,196 7,367,031 155,28
Slide 10: Organizational Structure
che CAPITAL Shareholders Meeting Audit Committee - Remuneration Committee | Board of Directors Chairman Office Risk Management | Committee | Sustainable Development Committee | Auditing | Department | Risk Management | Department | Organizational Structure Offshore Securi oO & — S = Corporate Planni
Slide 11: Operation Overview
Ⅰ Company Profile Ⅱ Operation Overview Ⅲ Prospect and Outlook Ⅳ Sustainability Development & Capital Securities’ Practices 10
Slide 12: Financial Data Over the Past Three Years
Financial Data Over the Past Three Years (NTD’000) Item 2021 2022 2023 Consolidated net income before tax 6,227,509 1,846,051 5,108,776 Consolidated net income 5,461,649 1,179,016 4,570,993 Net income attributable to shareholders of the parent 5,249,590 840,040 4,131,510 company EPS (NTD) 2.42 0.39
Slide 13: Consolidated Balance Sheet (summary)
Consolidated Balance Sheet (summary) (NTD’000) Item Dec 31, 2022 Dec 31, 2023 Current assets 171,397,616 223,526,822 Non-current assets 20,219,025 23,383,910 Total assets 191,616,641 246,910,732 Current liabilities 150,886,125 201,651,712 Non-current liabilities 2,039,403 1,894,496 Total liabilities
Slide 14: Consolidated Comprehensive Income Statement (summary)
Consolidated Comprehensive Income Statement (summary) (NTD’000) Item 2022 2023 Revenue 8,219,057 12,746,224 Operating expenses and costs 7,681,534 9,870,663 Operating income 537,523 2,875,561 Other income and expenses 1,308,528 2,233,215 Net income before tax 1,846,051 5,108,776 Income tax expense 6
Slide 15: Earnings Breakdown by Major Business
Earnings Breakdown by Major Business 2022 2023 200% 162% 150% 100% 59% 46% 50% 31% 20% 9% 3% 0% -50% -100% -130% -150% Brokerage Proprietary trading & Underwriting & Others Non-operating Derivatives & Fixed investments income 14
Slide 16: Business Performance and Market Ranking
Business Performance and Market Ranking Figures in Market ranking in Item 2023 2023 Market share in brokerage 3.44% 10 Market share in margin financing 5.15% 6 Trust business-AUM NTD15.05bn 7 Number of warrants issued 9,960 3 Value of warrants issued NTD89bn 3 Value of structured products issued NTD
Slide 17: Dividend Payout
Dividend Payout Unit: NTD EPS Cash dividend per share 2.50 2.42 2.00 1.90 1.64 1.50 1.11 1.00 1.65 1.33 0.50 1.1 0.39 0.8 0.39 0.00 2019 2020 2021 2022 2023 ※ The distribution of FY23 earnings has been approved by the BoD on March 13, 2024, pending the general shareholder meeting's approval. 16
Slide 18: Capital Adequacy Ratio
Capital Adequacy Ratio Capital adequacy ratio Minimum capital adequacy ratio: 200% 500% 450% 400% 337% 328% 350% 312% 305% 300% 276% 250% 200% 150% 100% 50% 0% 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 17
Slide 19: Ratings
Ratings Fitch Ratings Long-term Issuer Default Rating 2023 (IDR) BBB- National Long-term Rating A(twn) National Short-term Rating F1(twn) Outlook Stable 18
Slide 20: FEB24 Operating Results
FEB24 Operating Results Unit: NTD’000 Entity FEB24 JAN~FEB24 Net income before tax 507,496 910,894 Net income 513,331 876,729 EPS (NTD) 0.24 0.40 Consolidated FEB24 JAN~FEB24 Net income before tax 557,915 1,019,877 Net income 545,068 944,693 ※ Unaudited 19
Slide 21: JAN~FEB24 Earnings Breakdown by Major Business
JAN~FEB24 Earnings Breakdown by Major Business JAN~FEB24 70% 68% 60% 50% 40% 30% 24% 20% 9% 10% 0% -1% -10% Brokerage Proprietary trading & Underwriting & Others Non-operating Derivatives & Fixed investments income ※ Unaudited 20
Slide 22: Business Performance and Market Ranking
Business Performance and Market Ranking Figures in Market ranking in Item JAN~FEB24 JAN~FEB24 Market share in brokerage 3.47% 9 Market share in margin financing 5.05% 7 Trust business-AUM NTD15.8bn 7 Number of warrants issued 1,796 3 Value of warrants issued NTD15.4bn 2 Value of structured products
Slide 23: Prospect and Outlook
Ⅰ Company Profile Ⅱ Operation Overview Ⅲ Prospect and Outlook Ⅳ Sustainability Development & Capital Securities’ Practices 22
Slide 24: Business Philosophy: Our Vision, Our Belief
Business Philosophy Our Vision Our Belief • To create long-term • The Capital Group in and rewarding Chinese means partnerships with our "benefit for many" clients by offering which embodies our high value-added commitment to public financial services interests and which exceed client contribution t
Slide 25: Business Development Plans
Business Development Plans Strategy 3 Strategy 4 Strategy 2-1 Seeking At Your Strategy 5-8 Strategy 5-1 Strategy 2-8 Brokerage Dept.- Common Sustainable Set up ESG Goods checks Service development Information focus on core Good business transformation Platforms Strategy 2-2 Strategy 5-7 Strategy 2-7
Slide 26: List of Awards
List of Awards Capital Pay & Happy Trade APP received the International Innovation Award in the Service & Solution Category from Enterprise Asia Received 2023 Warrants Awards (Top 3 Issuers of Ranked 2nd in the 2023 Best Partner Award of the Year, Top 3 Highest Turnover of the Year and Pioneer Stock
Slide 27: List of Awards (continued)
List of Awards (continued) Excellence Award, Best Performance Award (1st place for Keelung and Ranked 3rd in the Excellence Award and 5th 3rd place for Chongde Branch) and Warrant King Warfare Award (1st in the Growth Award from the TWSE in the place for Taichung and 2nd place for Tongta Branch) fro
Slide 28: Capital Securities' Practices
Ⅰ Company Profile Ⅱ Operation Overview Ⅲ Prospect and Outlook Ⅳ Sustainability Development & Capital Securities’ Practices 27
Slide 29: Why Do We Promote Sustainable Development?
Why Do We Promote Sustainable Development? “Sustainable development is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs,” according to the Our Common Future Report released on the 42nd General Assembly of the United Na
Slide 30: Sustainable Development Goals (SDGs)
Sustainable Development Goals (SDGs) The UN has proposed the 2030 Sustainable Development Agenda in 2015 with 17 Sustainable Development Goals (SDGs) that are key indicators of global sustainable development. These goals serve as indispensable indicators for the international community. As they are
Slide 31: Sustainable Development Practices
Sustainable Development Practices Parent company’s Greenhouse Gas Inventory and Verification Status 2022/06 2022/10 2023/04 2023/04-05 2023/05 2023/06 2024/04 • Data collection on • Proposing • External GHG inventory • Establishment of an 2022 GHG inventory improvement verification unit and determin
Slide 32: Sustainable Development Practices: Social Responsibility
Sustainable Development Practices (continued) Social Responsibility • In our 16th year of blood donation, we held 19 such events in 2023, giving more than 1,100 bags of blood. • Our “Love of Reading” celebrates a decade of success in caring for rural townships. We organize city tours to enhance the
Slide 33: Sustainable Development Practices: Corporate Governance
Sustainable Development Practices (continued) Corporate Governance • We received the honorable Outstanding Talent Cultivation Prize from the 17th Golden Goblet Award. This symbolizes acknowledgement to our effort in cultivating talents in the financial sector, our commitment to ESG practices and soc
Slide 34: Sustainable Development Practices: Corporate Governance & Social Responsibility
Sustainable Development Practices (continued) Corporate Governance & Social Responsibility • The board of directors attended a year-end party to enjoy time together with employees. During this event, they expressed dedication to staff welfare and commitment to gender equity. They also affirmed a str
Slide 35: Recognized for Sustainable Development and Corporate Governance
Recognized for Sustainable Development and Corporate Governance Selected as a constituent of FTSE4Good TIP Taiwan ESG Index Selected as a constituent of FTSE4Good Emerging Index Selected as a constituent of TWSE RA Taiwan Employment Creation 99 Index Ranked among the top 21%~35% in the 2022 Corporat
Slide 36: Thank you
che CAPITAL Thank you Cupital Cure wait 35 Bit: BB+ LB