Investor Presentaiton

16 COL Investor Presentation ROAE Normalized to 14.1% Annualized ROAE normalized from 50.1% to 14.1%. Profitability deteriorated as commissions fell, leading to weaker margins and lower asset turnover. Margins dropped as operating expenses remained the same even with the decline in trading volumes, due to the highly leveraged nature of the stockbrokerage business. Asset turnover fell largely due to the drop in clients' trading activity. Selected Financial Ratios 1H21 1H22 Operating Profit Margin 74.1% 47.2% EBITDA Margin 78.3% 54.3% Net Margin 60.9% 35.7% Asset Turnover 12.1% 5.8% Asset/Equity 6.1 7.5 ROAE 50.1% 14.1% COL FINANCIAL

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