CTBC Holding

Analyst Meeting Financial Review of 2Q23

August 18th, 2023

Investor Relations

DISCLAIMER

This presentation was prepared by CTBC Financial Holding (the "Company"). No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of this presentation and the information contained herein. In addition, the Company does not undertake any obligation to publicly update or revise the information contained herein, whether as a result of new information or future events.

The financial information in this presentation is preliminary and subject to audit or review by the Company's auditors. Furthermore, this presentation may include forward-looking statements regarding the Company's future operation or financial condition. Such forward-looking statements are subject to the Company's assumptions and expectations in light of currently available information and involve known and unknown risks, uncertainties, and other factors. Accordingly, the Company's actual performance results may substantially differ from those expressed or implied herein.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell any securities of the Company.

© CTBC Financial Holding

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CTBC FHC

CTBC Holding's 2Q23 performance summary

2Q23 net profit of NT$15.9bn showed a strong QoQ recovery of 22%, while

1H23 net profit of NT$28.8bn grew 19% YoY

CTBC Holding

1H23 ROE was 16.2%, ranked No.1 among FHCs in Taiwan

CTBC published the first "2021/2022 CTBC Impact Investment Report" in

Taiwan

Reported a net profit of NT$9.6bn in 2Q23 and NT$21bn in 1H23, ranked

No.1 among TW banks

CTBC Bank

Strong profitability owing to high NII, resumed WM fee growth and increased

trading income

Sustained benign asset quality and solid capitalization

2Q23 net profit of NT$6.0bn showed a strong QoQ recovery; 1H23 profit was

down YoY on elevated hedging cost but ranked top 4 among TW insurers

Taiwan Life

LT value products continued to grow despite weak FYP on lower sales of

investment-linked policies

Strengthened capitalization with RBC ratio at 289%

Other

Subsidiaries

  • CTBC Securities and CTBC Investments resumed growth trend, benefiting from the recovery of capital markets and product diversification
  • Total net profit from other subsidiaries grew 237% YoY and contributed to
    11% of group's net profit in 1H23

© CTBC Financial Holding

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CTBC Holding's profitability

Consolidated net profit

NT$ mn

QoQ +22.3%

YoY+18.6%

24,295

28,813

8,003

12,959

15,854

7,891

-907

1

1

2Q22

3Q22

4Q22

1Q23

2Q23

6M22

6M23

ROE

%

CTBC Holding

TW FHCs avg.

13.70%

16.17%

12.09%

13.04%

11.53%

13.26%

8.16%

2018

2019

2020

2021

2022

6M22

6M231

EPS

NT$

2.73

1.85

2.16

2.15

1.55

1.48

1.19

2018

2019

2020

2021

2022

6M22

6M231

ROA

%

CTBC Holding

TW FHCs avg.

0.72%

0.79%

0.76%

0.65%

0.67%

0.69%

0.44%

2018

2019

2020

2021

2022

6M22

6M231

CTBC Holding's numbers are presented on a consolidate basis.

1. 2Q23/6M23 numbers are preliminary.

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© CTBC Financial Holding

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CTBC Financial Holding Co. Ltd. published this content on 18 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2023 10:21:06 UTC.