KBank's Strategic Acquisition in Muang Thai Group Holding slide image

KBank's Strategic Acquisition in Muang Thai Group Holding

K KASIKORNTHAI Consolidated Financial Statements Statements of Comprehensive Income (Bt mn) ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK 2021 2022 1Q22 2Q22 3Q22 4Q22 1Q23 Interest income Interest expenses Interest income - net Fee and service income 135,415 151,333 35,924 36,367 37,620 41,421 42,441 16,024 18,334 4,174 4,355 4,532 5,274 7,566 119,390 132,998 31,751 32,012 33,088 36,148 34,875 48,628 48,345 12,367 11,683 12,099 12,197 12,529 Fee and service expenses 13,312 15,463 3,535 3,536 3,974 4,418 4,415 Fee and service income - net 35,316 32,882 8,832 8,147 8,125 7,779 8,114 Gain (Loss) on financial instrument measured at FVTPL 5,539 5,053 686 (452) 144 4,674 3,671 Share of profit (loss) from investments using equity method Gain (Loss) on investments (694) 115 (50) 151 (40) 54 (0.01) 817 (130) (17) (135) (17) 38 (152) Net premium earned 69,360 66,056 15,718 14,393 17,853 18,091 18,422 Other operating income 1,289 2,123 427 406 614 675 512 Total operating income 234,328 242,542 58,218 55,745 60,606 67,973 66,419 Underwriting expenses 70,979 69,285 17,605 14,234 18,871 18,574 19,845 Total operating income - net 163,349 173,258 40,613 41,511 41,735 49,399 46,574 Total other operating expenses 71,044 74,753 17,390 18,070 18,251 21,042 19,793 Earning Before Provision and Tax 92,305 98,505 23,223 23,441 23,484 28,358 26,781 Expected Credit Loss 40,332 51,919 9,336 9,852 9,948 22,784 12,692 Impairment loss of loans and debt securities Operating profit before income tax expenses 51,973 46,585 13,887 13,589 13,536 5,574 14,089 Income tax expenses 9,729 8,633 2,700 2,454 2,546 933 2,562 Net profit attributable: Equity holders of the Bank 38,053 35,769 11,211 10,794 10,574 3,191 10,741 Non-controlling interest 4,192 2,183 (24) 341 416 1,450 786 Statements of Financial Position (Bt mn) Deposits Loans to customers Total Assets Total Liabilities Total Equity attributable to equity holders of the Bank 2021 2022 2,421,813 2,495,077 4,103,399 4,246,369 2,598,630 2,748,685 3,566,724 3,679,289 476,714 503,270 3,585,865 488, 192 1Q22 2Q22 2,458,263 2,489,420 4,133,248 4,187,779 2,634,409 2,671,536 3,642,814 488,963 3Q22 4Q22 1Q23 2,464,277 2,495,077 2,465,031 4,229,795 4,246,369 4,238,084 2,659,896 2,748,685 2,713,372 3,672,187 3,679,289 3,661,550 500,248 503,270 512,421 Note: KBank acquired additional ordinary shares in MTGH, to hold a 51% stake valued at Bt7,529mn; the MTGH Acquisition was completed on November 30, 2009. As the MTGH acquisition was completed on November 30, 2009, the Bank's consolidated financial statements from 2010 include the performance of companies in the MTGH Group for the whole year. บริการทุกระดับประทับใจ 73 K KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Earnings Before Provision and Tax (EBPT) and Net Profit March 2023 (Consolidated) EBPT Net Profit (Bt bn) (Bt bn) 92.31 98.50 I 60 100 87.76 84.89 80 38.73 38.05 35.77 40 29.49 60 40 26.78 20 20 10.74 20 0 2019 2020 2021 2022 1Q23 0 2019 2020 2021 2022 1Q23 1Q23 net profit decreased 4.19% YoY, due to higher expected credit loss. However, EBPT improved YoY as a result of strong growth in operating income and consistently efficient expense management. EBPT (Bt bn) 2019 87.76 2020 84.89 2021 EBPT Growth (% YoY) 92.31 0.72% (3.27%) 8.73% 2022 98.50 6.72% 1Q22 23.22 1Q23 26.78 4Q22 1Q23 (1.16%) 15.32% 28.36 28.63% 26.78 15.32% Net Profit (Bt bn) 38.73 29.49 38.05 35.77 Net Profit Growth (% YoY) 0.70% (23.86%) 29.05% (6.00%) 11.21 10.74 5.50% (4.19%) 3.19 10.74 (67.77%) (4.19%) บริการทุกระดับประทับใจ 74
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