Capital Securities Corp. · TWSE:6005
Capital Securities — Q3 2022 Earnings Presentation
33 slides from Capital Securities's earnings presentation, Dec 29, 2022
Slide 1: Capital Securities Corporation Institutional Investor Conference
Capital Securities Corporation Institutional Investor Conference December 2022 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 Company Profile Operation Overview Prospect and Outlook 2
Slide 4: Company Profile
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Slide 5: Shareholder Structure
Shareholder Structure Data as of April 29, 2022 Financial Government institutions agencies Foreign 4.19% 0.26% institutions and individuals 17.83% Other juristic persons 43.28% Individuals 34.44% 4
Slide 6: Basic Information
Basic Information Stock code: 6005 Paid-in capital: NTD21.709bn Number of branches in Taiwan: 53 Number of employees: 1,909 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 100% 100% 100% 56.58% 20% 100% 100% 100% 100% 100% 100% 100% 51% 100% 7
Slide 9: Non-operating Investments (continued)
Non-operating Investments (continued) Unit：1000 Net income Net income Book value as of Book value as of Region Name Currency Paid-in capital or loss for or loss for Sep 30, 2022 Nov 30, 2022 JAN~SEP22 JAN~NOV22 Taiwan Capital Futures Corp. NTD 2,104,376 6,561,295 540,366 6,689,795 686,552 Capital In
Slide 10: Organizational Structure
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Slide 11: Operation Overview
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Slide 12: Financial Data Over the Past Three Years
Financial Data Over the Past Three Years (NTD’000) Item 2019 2020 2021 JAN~SEP22 Consolidated net income 3,228,097 4,382,700 6,227,509 1,039,767 before tax Consolidated net income 2,829,234 3,840,679 5,461,649 497,579 Net income attributable to shareholders of the parent 2,566,823 3,569,529 5,249,59
Slide 13: Consolidated Balance Sheet (summary)
Consolidated Balance Sheet (summary) (NTD’000) Item Sep 30, 2021 Sep 30, 2022 Current assets 173,848,035 180,947,317 Non-current assets 17,506,476 17,337,384 Total assets 191,354,511 198,284,701 Current liabilities 148,670,836 158,213,766 Non-current liabilities 2,374,287 2,575,599 Total liabilities
Slide 14: Consolidated Comprehensive Income Statement (summary)
Consolidated Comprehensive Income Statement (summary) (NTD’000) Item JAN~SEP21 JAN~SEP22 Revenue 9,976,280 5,806,754 Operating expenses and costs 6,014,159 5,676,423 Operating income 3,962,121 130,331 Other income and expenses 673,623 909,436 Net income before tax 4,635,744 1,039,767 Income tax expe
Slide 15: Earnings Breakdown by Major Business
Earnings Breakdown by Major Business JAN-SEP21 JAN-SEP22 500% 464% 400% 300% 200% 162% 100% 61% 23% 6% 8% 10% 0% -100% -200% -300% -400% -500% -600% -534% 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 JAN~SEP22 JAN~SEP22 Market share in brokerage 3.69% 8 Market share in margin financing 5.32% 6 Trust business-AUM NTD12.888bn 5 Number of warrants issued 4,799 3 Value of warrants issued NTD54.5bn 3 Value of structured product
Slide 17: Dividend Payout
Dividend Payout Unit: NTD EPS Dividend per share 2.50 2.42 2.00 1.64 1.50 1.33 1.11 1.00 1.65 0.61 0.50 1.1 0.9 0.8 0.4 0.00 2017 2018 2019 2020 2021 Item 2017 2018 2019 2020 2021 EPS 1.33 0.61 1.11 1.64 2.42 Cash dividend per share 0.20 0.40 0.80 1.10 1.65 Stock dividend per share 0.70 - - - - ※EPS
Slide 18: Capital Adequacy Ratio
Capital Adequacy Ratio Capital adequacy ratio Minimum capital adequacy ratio: 150% 450% 400% 360% 358% 363% 350% 327% 320% 300% 250% 200% 150% 100% 50% 0% 9/30/2021 12/31/2021 3/31/2022 6/30/2022 9/30/2022 17
Slide 19: Ratings Fitch Ratings
Ratings Fitch Ratings Long-term Issuer Default Rating 2022 (IDR) BBB- National Long-term Rating A(twn) National Short-term Rating F1(twn) Outlook Stable 18
Slide 20: NOV22 Operating Results
NOVY22 Operating Results Unit: NTD’000 Entity NOV22 JAN~NOV22 Net income before tax 464,093 1,084,901 Net income 510,599 667,813 EPS (NTD) 0.24 0.31 Consolidated NOV22 JAN~NOV22 Net income before tax 504,125 1,536,903 Net income 534,522 965,590 ※ Unaudited 19
Slide 21: JAN~NOV22 Earnings Breakdown by Major Business
JAN~NOV22 Earnings Breakdown by Major Business JAN~NOV22 200% 182% 150% 100% 65% 50% 7% 0% -50% -100% -150% -154% -200% 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~NOV22 JAN~NOV22 Market share in brokerage 3.63% 8 Market share in margin financing 5.30% 6 Trust business-AUM NTD13.418bn 6 Number of warrants issued 5,801 3 Value of warrants issued NTD64.4bn 3 Value of structured product
Slide 23: Prospect and Outlook
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Slide 24: Business Philosophy
Business Philosophy Our Vision • To create long-term and rewarding partnerships with our clients by offering high value-added financial services which exceed client expectations Our Belief • The Capital Group in Chinese means "benefit for many" which embodies our commitment to public interests and c
Slide 25: Business Development Plans
Business Development Plans Strategy 1 Strategy 2 Strategy 3 Strategy 4 Strategy 5 Strategy 6 Hold regular Promote digital PM team to Launch new Set up a settlement Provide services meetings business and provide training designed product to center to simplify including to integrate cultivate digital
Slide 26: Business Development Plans (continued)
Business Development Plans(continued) Strategy 7 Strategy 8 Strategy 9 Strategy 10 Strategy 11 Strategy 12 Encourage • Monitor the Assign Derivatives • Refine media • Upgrade the hierarchy of ESG committee - collaboration impact from QE, Department and platform • Create an ad/copy establish sustaina
Slide 27: Introduce TCFD Framework and Carbon Footprint Verification
Introduce TCFD Framework and Carbon Footprint Verification In 2021, Capital Securities established its ESG Committee. It was upgraded to a functional committee under the Board of the company on November 10th, 2022 and renamed the Sustainable Development Committee. In 2022, Capital Securities hired e
Slide 28: Green Finance & Capital Securities' Patent in Fintech
Green Finance & Capital Securities’ Patent in Fintech Capital Securities provides electronic bank statements of all products for clients to replace its paper counterparts. In addition, the company also introduced several digital service platforms including the following: (a) the E-counter app, which
Slide 29: Sustainable Development Efforts and Results
Sustainable Development Efforts and Results Capital Securities has underwritten a total of tens of billions of outstanding sustainable development bonds at present to help issuing companies raise funds for green investment projects related to climate change, energy saving and carbon reduction. In 20
Slide 30: Capital Care
Corporate Social Responsibility in Action Capital Care Capital Securities has been paying attention to social issues for a long time. In addition to the Love Reading Program for rural students and blood donation promotion events, Capital Securities has collaborated with the Yu-Cheng Social Welfare F
Slide 31: 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 Selected as a constituent of TWSE Corporate Gover
Slide 32: List of Awards
List of Awards Received “Quality Award” from Commercial Times in the 2022 Wealth Management and Trust Innovation Evaluation at the Trust Innovation Award Received “Gold Medal” from 1111 Job Bank for 2022 Happiest Enterprise Received “Gold Award” in the “Green Digital Finance Award”, “Quality Award”
Slide 33: Thank you
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