Capital Securities Corp. · TWSE:6005
Capital Securities — Q1 2025 Earnings Presentation
36 slides from Capital Securities's earnings presentation, May 23, 2025
Slide 1: Capital Securities Corporation Institutional Investor Conference
Capital Securities Corporation Institutional Investor Conference May 2025 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 Sustainability Development & Capital Securities’ Practices 2
Slide 4: Company Profile
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Slide 5: Shareholder Structure
Shareholder Structure Data as of March 30, 2025 Government agencies Financial 1.04% institutions 21.41% Other juristic persons 43.16% Foreign institutions and individuals 12.47% Individuals 21.92% 4
Slide 6: Basic Information
Basic Information Stock code: 6005 Paid-in capital: NTD21.709bn Number of branches in Taiwan: 53 Number of employees: 2,096 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: 1,000 Book value as of Net income or loss Book value as of Net income or loss Region Name Currency Paid-in capital Mar 31, 2025 for JAN~MAR25 Apr 30, 2025 for JAN~APR25 Taiwan Capital Futures Corp. NTD 2,499,376 10,147,435 279,830 10,245,149 415,562 Capita
Slide 10: Organizational Structure
che Organizational Structure CAPITAL Offshore Securities Unit Corporate Planning Department Shareholders Information Tech. Department Meeting Administration Department Audit Committee Finance Department Remuneration , i: Ci ites Settlement & Clearing Department Registrar Agency Department Fixed Inco
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 2022 2023 2024 JAN~MAR25 Consolidated net income 1,846,051 5,108,776 6,572,371 1,188,089 before tax Consolidated net income 1,179,016 4,570,993 5,402,075 996,996 Net income attributable to shareholders of the 840,040 4,131,510 4,883,776 874,656
Slide 13: Consolidated Balance Sheet (summary)
Consolidated Balance Sheet (summary) (NTD’000) Item Mar 31, 2024 Mar 31, 2025 Current assets 269,472,593 292,896,619 Non-current assets 24,163,865 25,894,460 Total assets 293,636,458 318,791,079 Current liabilities 247,027,371 258,031,039 Non-current liabilities 1,728,275 12,947,492 Total liabilitie
Slide 14: Consolidated Comprehensive Income Statement (summary)
Consolidated Comprehensive Income Statement (summary) (NTD’000) Item JAN~MAR24 JAN~MAR25 Revenue 4,015,447 3,988,568 Operating expenses and costs 3,023,501 3,414,764 Operating income 991,946 573,804 Other income and expenses 616,880 614,285 Net income before tax 1,608,826 1,188,089 Income tax expens
Slide 15: Earnings Breakdown by Major Business
Earnings Breakdown by Major Business JAN~MAR24 JAN~MAR25 60% 58% 51% 50% 40% 30% 23% 22% 20% 20% 15% 10% 7% 4% 0% Brokerage Proprietary trading & Underwriting & Others Non-operating investments Derivatives & Fixed income 14
Slide 16: Business Performance and Market Ranking
Business Performance and Market Ranking Figures in Market ranking in Item JAN~MAR25 JAN~MAR25 Market share in brokerage 3.74% 9 Market share in margin financing 4.90% 9 Trust business-AUM NTD17.443bn 7 Number of warrants issued 2,466 3 Value of warrants issued NTD20.8bn 3 Value of structured product
Slide 17: Dividend Payout
Dividend Payout Unit: NTD EPS Cash dividend per share 2.50 2.42 2.25 2.00 1.9 1.64 1.50 1.00 1.65 1.5 1.33 0.50 1.1 0.39 0.39 0.00 2020 2021 2022 2023 2024 ※ The distribution of FY24 earnings has been approved by the BoD on March 7, 2025, pending the general shareholder meeting's approval. 16
Slide 18: Capital Adequacy Ratio
Capital Adequacy Ratio Capital adequacy ratio Minimum capital adequacy ratio: 200% 400% 300% 279% 278% 261% 265% 250% 200% 100% 0% 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 17
Slide 19: Ratings
Ratings Fitch Ratings Long-term Issuer Default Rating 2024 (IDR) BBB- National Long-term Rating A(twn) National Short-term Rating F1(twn) Outlook Stable 18
Slide 20: APR25 Operating Results
APR25 Operating Results Unit: NTD’000 Entity APR25 JAN~APR25 Net income before tax 105,565 1,097,714 Net income 58,861 927,209 EPS (NTD) 0.03 0.43 Consolidated APR25 JAN~APR25 Net income before tax 193,030 1,375,119 Net income 118,523 1,109,519 ※ Unaudited 19
Slide 21: JAN~APR25 Earnings Breakdown by Major Business
JAN~APR25 Earnings Breakdown by Major Business JAN~APR25 60% 57% 50% 40% 30% 28% 20% 14% 10% 1% 0% 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~APR25 JAN~APR25 Market share in brokerage 3.68% 9 Market share in margin financing 4.87% 9 Trust business-AUM NTD17.054bn 8 Number of warrants issued 3,027 3 Value of warrants issued NTD25.4bn 3 Value of structured product
Slide 23: Prospect and Outlook
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Slide 24: Business philosophy: Our vision, Our belief
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: Brokerage Dept. focusing Strategy 8:Sustainable developments on maximizing core business & market share 1 8 FY25 Strategy 7: Legal compliance & Strategy 2: Expanding asset management scale & asset stock 2 Operational 7 risk managements Direction 1. Gradual impr
Slide 26: Sustainability Development & Capital Securities’ Practices
Sustainability Development & Capital Securities’ Practices 25
Slide 27: 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 28: Sustainability Highlights 2024~2025: Awards
Sustainability Highlights 2024~2025: 22 Awards 1. Awarded by FSC as the Most Improved Securities Firm in 2023 for fair customer treatment principles evaluation. 2. Awarded by TWSE for the “Warrant Excellence Award” in the 2023 Warrant Issuer Incentive Program. 3. Awarded by TWSE for the “Warrant Gro
Slide 29: Sustainability Highlights 2024~2025: Awards
Sustainability Highlights 2024~2025: 22 Awards 12. Awarded by Excellence Magazine for the “Best Wealth Management Award” in the Non-FHC Category in its 2024 Securities Excellence Ranking. 13. Awarded by Excellence Magazine for the “Best Securities Firm” in the Non-FHC Category in its 2025 Securities
Slide 30: More Sustainability Highlights 2024~2025
More Sustainability Highlights 2024~2025 1. Continuously selected as a constituent stock of both the “Taiwan ESG Index” and the “Taiwan Employment Creation 99 Index”. 2. Highly commended by Finance Asia as the Best Financial Institution for Innovative Technology Application in Taiwan’s Non-Banking F
Slide 31: Sustainable Development Practices
Sustainable Development Practices “Capital Love Reading” City Tour By inviting children from rural areas to the National Museum of Marine Science and Technology in Keelung, the program helped deepen their understanding of marine ecological sustainability. This initiative broadened students' horizons
Slide 32: Sustainable Development Practices (continued)
Sustainable Development Practices (continued) Investment and Financial Forums/Briefings • To help investors seize this year’s market opportunities, we hosted the 'China Technology Forum,' offering in-depth analysis of key investment drivers behind the value restructuring of Chinese tech giants. • We
Slide 33: Sustainable Development Practices (continued)
Sustainable Development Practices (continued) Investment and Financial Forums/Briefings • The “2025 European Wealth Forum” explored European stock opportunities amid Trump’s tariff policies, helping clients stay ahead of market trends. • At the “2Q25 Investment Outlook Seminar,” analysts from Capita
Slide 34: Sustainable Development Practices (continued)
Sustainable Development Practices (continued) “Capital Joy Universe” Event At the “Capital Joy Universe” press conference, we announced new cross-industry partnerships and introduced reward campaigns such as “Account Opening Gifts” and “Capital Client Gifts.” 33
Slide 35: Sustainable Development Practices (continued)
Sustainable Development Practices (continued) “Sustainable Family Day Fun Run” – Hard to Distinguish! Anti-Fraud Revelation As part of our Family Day event, we hosted an interactive session titled "Hard to Distinguish! Anti-Fraud Revelation” to promote fraud awareness among employees and their famil
Slide 36: Thank you!
Thank you! For any concerns, please contact the “165 Anti-Fraud Hotline” for verification. If you encounter any suspected fraudulent activity involving our company’s name, you may also Anti-fraud reach our anti-fraud consultation education line at 412-8878. Additionally, verification can be done thr