First Financial: Presentation of the 2nd quarter 2022 financial results of the FFHC







First financial holding company

H1 2022 profit result

August 31, 2022

Disclaimer

This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). information

contained in is not reviewed or reviewed by an independent accountant or third party. Users should read this document in conjunction with all other public financial and operational information filed with the relevant authorities by FFHC. While we strive to provide accurate, complete and consistent information, FFHC makes no warranty as to the accuracy or correctness of any material contained. After the release of this presentation to the public, we assume no obligation to update the relevant data to reflect any subsequent changes.

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Contents

  • In short
  • Financial Highlight
  • Operating results
  • Annex

Remained calm amid market turmoil

  • The Group achieved a stable result despite market turbulence in 2Q:

1H22 earnings remained subdued to total NT$10,236 million (-6.2%, YoY) as the market retreated on concerns over the outlook for 2Q22. Rising global rates to suppress runaway inflation created economic headwinds.

  • The bank’s earnings increased by +6.7% (year-on-year), largely supported by strong loan growth and the expansion of the NIM:

Bank loans increased by +11.2% (year-on-year) and benefited from the recovery in loan demand across all sectors. Accelerating property deliveries in 2Q22 led to double-digit growth in mortgages, expected to experience some hesitation due to the effect of rising rates.

  • Non bankingnet subsidiaries pulled out year-over-year due to high base numbers:

Broker & Life’s net was clouded in 1H22 as market turmoil and escalating risk reduced investment gains.

  • Proactive in the second half of 2022:

Exploiting opportunities and remaining proactive is essential to react to the new cycle for a more sustainable growth momentum.

5

Disclaimer

First Financial Holding Co. Ltd. published this content on August 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 31, 2022 07:19:01 UTC.

Public now 2022

All news about FIRST FINANCIAL HOLDING CO., LTD.

2022 sales 65,721 million
2,156 million
2,156 million
2022 net income 21,875 million
718M
718M
Net debt 2022

PER 2022 ratio 15.6x
2022 return 4.13%
Capitalization 348B
11,432 million
11,432 million
capi. / Sales 2022 5.30x
capi. / Sales 2023 4.78x
# of employees 10,031
Floating 77.5%

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Last closing price TWD26.35
Average target price TWD27.15
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